BC BITCOIN
Saved by @Mollyycolllinss

With Philadelphia now up, the billboard photo thread that teaches those about #Bitcoin as an alternative to our broken financial system is complete

Those in the 12 Federal Reserve Bank cities who see them are directed to the thread below as copied from @BTCvsFED ⬇️

 Not long ago, the dollar was backed by gold

This meant you could redeem your dollar for gold & the government had to have enough gold to match the number of dollars they printed

“The Gold Standard” ended in 1971 b/c the US ran low on gold & needed more $ for war & welfare
Without a cap on how much money could be printed, The Federal Reserve (USA’s central bank) was now free to create unlimited quantities of dollars

When the Fed prints money, inflation occurs & prices go up b/c all dollars are worth less
If your earnings don't keep up w/ the rate of inflation the purchasing power of your dollars melts away

Imagine the economy is a pizza & The Fed gives you a slice ($1)

When printing new money, they cut your🍕into more pieces to give out
Yes, you still have a slice ($1) but you’re hungrier b/c that $1 doesn’t go as far

Many Americans hold dollars b/c they can’t afford a home & w/ bills to pay they can’t risk the stock market

Meanwhile, the wealthy move $ into real estate & other assets that better hold value
This increases the wealth gap. Then, a pandemic hits. The Fed prints more money than ever before

The new money is given to select individuals and businesses. You wait for Congress to decide if you deserve a stimulus check
Those who receive the new money spend it causing prices to inflate before you get your money

This process where money flows more easily to insiders is known as the Cantillon Effect and it makes the wealth gap grow even further
So much trust is required in this financial system

You have to trust those in power to print money for the right reasons

You have to trust they distribute it fairly

And…you're supposed to trust their updates on how the economy is doing
The Consumer Price Index (CPI) is the go-to measurement for inflation. It tracks the changes in price of a set # of goods over time

But some argue the type of goods chosen hides the true rate of inflation

We know inflation is happening but how bad is it?
In addition to rising prices, inflation means businesses cut costs in other ways to keep up

They might shrink the portion size or use less healthy ingredients

There are so many ways this financial system can hurt you
What if you don’t agree w/ why money is being printed?

What if you don’t want to be last to receive newly printed money?

What if you don’t trust the data the government provides on the health of our economy?

Bitcoin gives you an out
You never change things by fighting the existing reality. To change something, build a new model that makes the existing model obsolete - Bucky Fuller

Lots of protesting lately yet not much change. A protest doesn’t have to be in the streets. BTC brings change via your wallet
I made these billboards b/c institutions, Wall St and people w/ a lot of money are buying bitcoin causing the price to rise

I don’t want the average citizen to get left behind

You can buy or earn a small fraction of a bitcoin to start
Bitcoin restores power to the individual. No longer must you rely on banks to do the right thing when they’ve proven to be unreliable

You are part of a growing, global movement that brings about change by addressing the root cause of the problem
The thread pinned @BTCvsFED goes on to teach about how to get #bitcoin and what to do once you have it

This project was inspired by many including @iamthecharacter @aiww @gladstein @stacyherbert @bitcoinzay @aantonop @maxkeiser @matt_odell @RealRossU @MartyBent @RussellOkung...
@mrcoolbp @AlenaSatoshi @danheld @APompliano @chamath @nic__carter @jimmysong @pierre_rochard @lopp @nvk @JackMallers my Mom and many more

It was funded by selling prints of the artwork seen on the billboards

Appreciate any help in getting the word out. DMs open!

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Here's everything you need to know 👇

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a) wait until fee levels drop
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To chaiye chalte h 12K ki taraf.
#BTC https://t.co/Yd4iZqC42s
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This isn't another opinion piece on #Bitcoin , in-fact, it's exactly the opposite. 👇🏼

This thread is a list of resources I have found to be useful and insightful when it comes to understanding the pros and cons of #Bitcoin .

Below, you'll find knowledgeable people 👩🏽‍💻, articles/essays 📝, podcasts 🎧 and videos 📹 about #Bitcoin . Enjoy!

/2 People 👩🏽‍💻

These individuals are valuable to listen to, whilst they are bullish, they justify their stance:

@RaoulGMI
@michael_saylor
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@APompliano
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@AlexSaundersAU
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@real_vijay
@lawmaster
@LynAldenContact

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A video library of interviews from various Bitcoin enthusiasts. 👇🏼

https://t.co/CJJvHavSOn

A great guide for new investors to Bitcoin. 👇🏼

https://t.co/fOoSfTlWr5

A portal for people to go from zero knowledge to intermediate level.

/4 Tweet threads 🐦

A great thread on rebuttals from common #Bitcoin queries/criticisms. 👇🏼

https://t.co/tPEpFMMPhH

Why companies are starting to put BTC on the balance sheet. 👇🏼

https://t.co/lL71M1A3NF

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Why? Let’s see what we can find on-chain

2/9 Bitcoin’s Realized Cap has been steadily increasing just as it did before the 2017 bull market took off. If it continues as it did in 2017, 2021 should be an interesting year.

https://t.co/nqgX7vTMDV


3/9 Bitcoin MVRV, whilst more volatile this market cycle, is also is holding the same trajectory it did during the 2016/17 bull market

https://t.co/jadbn6nCOB


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