"Bitcoin’s ultra-orthodox monetary policy of targeting a fixed money supply, is the ideal hedge for fiat money printing."
- @pierre_rochard
1/ We often misunderstand new technologies because they don’t neatly fit into to our world…yet
They enable us to do things we previously couldn't.
They change our behaviour.
#Bitcoin is one such example.
And looking at how it’s currently used gives us a peek into our future.
"Bitcoin’s ultra-orthodox monetary policy of targeting a fixed money supply, is the ideal hedge for fiat money printing."
- @pierre_rochard
“If your local energy cost is effectively zero but you cannot sell your energy anywhere, the existence of a global buyer for energy is a godsend.”
- @nic__carter
"One reason the interest in #bitcoin from Wall St as well as pensions and endowments is this is uncorrelated alpha, this is the holy grail of investing.”
- @Sonnenshein
"Bitcoin uniquely has a native unit of account called a "sat" that currently represents 1/100 of a cent (while BTC is $10k). The brand of "sats" ...could already be the most recognizable global unit of account to represent value <1cent."
- @cuysheffield
"Its network can offer final settlement of large volume payments within minutes. #Bitcoin can thus best be compared to settlement payments between central banks & large financial institutions ... [but] infinitely cheaper & more verifiable."
- @saifedean
"Bitcoin can approximate unofficial exchange rates which, in turn, can be used to detect both the existence and the magnitude of the distortion caused by capital controls & exchange rate manipulations."
- @ProfPieters
”We are approaching a bankruptcy event in the developed economies, both in banks and governments...#Bitcoin, as a discrete and non-confiscatable currency, will benefit greatly from the capital flight that will ensue.”
- @TuurDemeester
"#Bitcoin is the call option on the future system...It is nothing short of the future of our entire medium of exchange system, and of money and the platform on which it operates."
-@RaoulGMI
"...may sound like a strange libertarian or anarchist perspective if you’ve grown up in a stable country.
With all of the crazy things going on in the world, the demand for censorship-resistant wealth storage is high & growing."
-@TaylorPearsonMe
“Classic paintings & vintage vehicles rarely trade in secondary markets and consequently, have poor price discovery... Bitcoin’s liquidity is valuable to users in that they can quickly acquire and dispose of [it].”
-@CremeDeLaCrypto
"Bitcoin may be the most perfect and reliable collateral the world has ever known. When things get serious, informed players will demand it. Given the prevalence of re-hypothecation and other money games, this may be the only way to be sure."
- @TheRealPaulRB
More from Crypto
1/ Welcome to #DeFi Wednesday.
Let's talk about how interest-bearing cash on a blockchain is going to revolutionise boring corporate treasury management that concerns every company is is a larger business than all crypto trading in the world.
Enter the thread
👇👇👇
2/ Blockchain community is often seen as toxic maxis and redditors who shill other their weekly favourite shitcoin in the hope of getting Lambo.
Sometimes we also do things that progress humanity towards the better future and interest-bearing cash is one of those things.
3/ Less chad and more things that actually matter:
My incomplete theory of interest-bearing cash is also available also as a blog post:
https://t.co/uiG0fZiVyu
It is 15 pages. Pick your slow poison or die fast by continue reading here.
4/ First time in the history we have an ability to create interest-bearing cash-like instruments.
Interest-bearing cash ticks up dollar (euro) balance real-time in your wallet.
Here is a demonstration using @aaveaave aDAI, based on @makerdao DAI, and @TrustWalletApp
5/ Interest-bearing cash is not like your bank's saving account. Your money in a bank is not yours, but bank's. There are some flaws in the current banking system causing a headache for Chief Financial Officers (CFOs)
Let's talk about how interest-bearing cash on a blockchain is going to revolutionise boring corporate treasury management that concerns every company is is a larger business than all crypto trading in the world.
Enter the thread
👇👇👇
2/ Blockchain community is often seen as toxic maxis and redditors who shill other their weekly favourite shitcoin in the hope of getting Lambo.
Sometimes we also do things that progress humanity towards the better future and interest-bearing cash is one of those things.
3/ Less chad and more things that actually matter:
My incomplete theory of interest-bearing cash is also available also as a blog post:
https://t.co/uiG0fZiVyu
It is 15 pages. Pick your slow poison or die fast by continue reading here.
4/ First time in the history we have an ability to create interest-bearing cash-like instruments.
Interest-bearing cash ticks up dollar (euro) balance real-time in your wallet.
Here is a demonstration using @aaveaave aDAI, based on @makerdao DAI, and @TrustWalletApp
5/ Interest-bearing cash is not like your bank's saving account. Your money in a bank is not yours, but bank's. There are some flaws in the current banking system causing a headache for Chief Financial Officers (CFOs)
We are actively working to launch on @binance Smart Chain #BSC .
To make this transition easy & understandable for everyone, we are answering most frequently asked questions here.
Ready? Go! 🔥
1/24
#DeFi #YieldFarming
Q1 - What are the benefits of holding the $VALUE token on the Ethereum Mainnet network? Give me reasons not to sell. Some are assuming that the VALUE token will be abandoned now that vBSWAP is being created. Can you clarify the use case for VALUE?
👉 $VALUE will always be a governance & profit receiving token of the whole ecosystem if staked in #vGov. With the new farming token on #BSC , gvVALUE holders will get extra rewards at BSC if they choose to bridge their gvVALUE to BSC & stake in gvVALUE-B/BUSD 98/2 pool.
Q2 - What do I need to do with my VALUE tokens that are staked in vGov? Is it OK to leave them in the vGov?
👉If you have VALUE but aren't staking in the vGov & you would like to participate in the BSC expansion, you will need to stake your VALUE in the vGov to receive gvVALUE.
If you are staking in vGov but don't see the correct gvVALUE amount in your wallet, go to vGov (https://t.co/udXn5IJtVx) to unlock your gvVALUE from the old contract. There will be a bridge from ETH to BSC to move gvVALUE and vUSD over.
To make this transition easy & understandable for everyone, we are answering most frequently asked questions here.
Ready? Go! 🔥
1/24
#DeFi #YieldFarming
Q1 - What are the benefits of holding the $VALUE token on the Ethereum Mainnet network? Give me reasons not to sell. Some are assuming that the VALUE token will be abandoned now that vBSWAP is being created. Can you clarify the use case for VALUE?
👉 $VALUE will always be a governance & profit receiving token of the whole ecosystem if staked in #vGov. With the new farming token on #BSC , gvVALUE holders will get extra rewards at BSC if they choose to bridge their gvVALUE to BSC & stake in gvVALUE-B/BUSD 98/2 pool.
Q2 - What do I need to do with my VALUE tokens that are staked in vGov? Is it OK to leave them in the vGov?
👉If you have VALUE but aren't staking in the vGov & you would like to participate in the BSC expansion, you will need to stake your VALUE in the vGov to receive gvVALUE.
If you are staking in vGov but don't see the correct gvVALUE amount in your wallet, go to vGov (https://t.co/udXn5IJtVx) to unlock your gvVALUE from the old contract. There will be a bridge from ETH to BSC to move gvVALUE and vUSD over.
