the b word
the b word
Nov 16, 2023
Hello hello, we are soooo back! It's been a while, and the past four weeks have been quite wild for the us. Yes, the product is definitely being worked on and please look out for an email from us in the next three weeks (or so) asking you to join our elite list of favorites to test out what we have built and give us feedback. We are building a digital currency wallet for you! It’s easily one of the best digital wallets you’ve ever used and will ever use! We have removed all the blues and jargon from crypto, giving you the power of crypto right in your pocket. Your favorite major digital assets will be available for you to buy, hold and send to your favorite human beings all around the world, instantly. You will get a cash wallet that is native to your country’s currency and much much more! One of the eight currencies we will provide is one that started this revolution we're in: Bitcoin, yes, the b word.
If you’ve lived long enough you’ll definitely know that there are a couple of b words we have lived to be afraid of hearing, for different reasons. They range from babies to bears and bombs to bananas - yes, bananaphobia is real. For some, Bitcoin is definitely one of those words. Today, we'll take a closer look at Bitcoin, what it is, and why we think it's money now and tomorrow. Bitcoin has become a popular alternative to traditional currencies like the US dollar or euro, and for good reason. It offers several advantages over other forms of money. Let's take a closer look at some of the reasons why Bitcoin is considered superior to fiat currencies. "When it comes to adopting an object as money, there are always consequences to consider."
Bitcoin is fast, easy, and secure. You can send money to loved ones anywhere in the world in seconds, without any bank hassles or exorbitant fees. It's like magic, breaking down barriers and making it simple and secure to move money. It has become an integral part of everyday life, from online shopping sprees to booking vacations. Bitcoin is versatile and can do almost anything your favorite multitasking app can.
Now, let's get a little nerdy with Bitcoin's monetary policy. Unlike traditional currencies that can be printed endlessly, Bitcoin follows a strict set of rules. It's like the cool kid at the financial party with an unchangeable supply of only 21 million Bitcoins. This fixed supply is one of the fundamental reasons why Bitcoin has been called "digital gold." It's a scarce asset, just like gold, which means it can't be inflated at the whims of governments or central banks. You won't wake up one day to find your hard-earned money losing its value due to excessive printing.
In addition, Bitcoin's issuance is halved every four years, a process known as the "halving." It's like a scheduled treasure hunt where fewer and fewer new Bitcoins are created, making it even scarcer over time. Almost like an easter egg hunt where the number of eggs available in the hunt gets cut from 1000 to just 20 over a period of time, that definitely makes the egg hunt worthwhile. This controlled and predictable inflation rate brings an element of stability and predictability to the table, something traditional fiat currencies cannot offer.
Carl Menger came up with an understanding of the key properties that lead to a good being adopted freely as money on the market, and they are:
Salability across scales: "A good that is salable across scales can be conveniently divided into smaller units or grouped into larger units, thus allowing the holder to sell it in whichever quantity they desire."
Salability across space: "The ease of transporting the good or carrying it along as a person travels, and this has led to good monetary media generally having high value per unit of weight."
Salability across time: "The ability to hold value into the future, allowing the holder to store wealth in it."
Bitcoin meets all of these, even beyond what "cash" or "fiat" currencies do. While Bitcoin may have started as a digital experiment, its robust and transparent monetary policy has made it a serious contender in the financial world. It's like having your own personal economic superhero, ensuring the future of money remains sound and steady.
Bitcoin isn't just an ordinary investment or digital trend; it's a game-changer with a solid monetary policy that sets it apart. There are many reasons why Bitcoin is seen as the best money around. Its decentralized nature, security features, and versatility make it an excellent option for anyone looking for something different from traditional currencies.
Let us advance human liberty. Let us help everyone look forward to tomorrow.
mpumelelo .
nuud, inc.
Hello hello, we are soooo back! It's been a while, and the past four weeks have been quite wild for the us. Yes, the product is definitely being worked on and please look out for an email from us in the next three weeks (or so) asking you to join our elite list of favorites to test out what we have built and give us feedback. We are building a digital currency wallet for you! It’s easily one of the best digital wallets you’ve ever used and will ever use! We have removed all the blues and jargon from crypto, giving you the power of crypto right in your pocket. Your favorite major digital assets will be available for you to buy, hold and send to your favorite human beings all around the world, instantly. You will get a cash wallet that is native to your country’s currency and much much more! One of the eight currencies we will provide is one that started this revolution we're in: Bitcoin, yes, the b word.
If you’ve lived long enough you’ll definitely know that there are a couple of b words we have lived to be afraid of hearing, for different reasons. They range from babies to bears and bombs to bananas - yes, bananaphobia is real. For some, Bitcoin is definitely one of those words. Today, we'll take a closer look at Bitcoin, what it is, and why we think it's money now and tomorrow. Bitcoin has become a popular alternative to traditional currencies like the US dollar or euro, and for good reason. It offers several advantages over other forms of money. Let's take a closer look at some of the reasons why Bitcoin is considered superior to fiat currencies. "When it comes to adopting an object as money, there are always consequences to consider."
Bitcoin is fast, easy, and secure. You can send money to loved ones anywhere in the world in seconds, without any bank hassles or exorbitant fees. It's like magic, breaking down barriers and making it simple and secure to move money. It has become an integral part of everyday life, from online shopping sprees to booking vacations. Bitcoin is versatile and can do almost anything your favorite multitasking app can.
Now, let's get a little nerdy with Bitcoin's monetary policy. Unlike traditional currencies that can be printed endlessly, Bitcoin follows a strict set of rules. It's like the cool kid at the financial party with an unchangeable supply of only 21 million Bitcoins. This fixed supply is one of the fundamental reasons why Bitcoin has been called "digital gold." It's a scarce asset, just like gold, which means it can't be inflated at the whims of governments or central banks. You won't wake up one day to find your hard-earned money losing its value due to excessive printing.
In addition, Bitcoin's issuance is halved every four years, a process known as the "halving." It's like a scheduled treasure hunt where fewer and fewer new Bitcoins are created, making it even scarcer over time. Almost like an easter egg hunt where the number of eggs available in the hunt gets cut from 1000 to just 20 over a period of time, that definitely makes the egg hunt worthwhile. This controlled and predictable inflation rate brings an element of stability and predictability to the table, something traditional fiat currencies cannot offer.
Carl Menger came up with an understanding of the key properties that lead to a good being adopted freely as money on the market, and they are:
Salability across scales: "A good that is salable across scales can be conveniently divided into smaller units or grouped into larger units, thus allowing the holder to sell it in whichever quantity they desire."
Salability across space: "The ease of transporting the good or carrying it along as a person travels, and this has led to good monetary media generally having high value per unit of weight."
Salability across time: "The ability to hold value into the future, allowing the holder to store wealth in it."
Bitcoin meets all of these, even beyond what "cash" or "fiat" currencies do. While Bitcoin may have started as a digital experiment, its robust and transparent monetary policy has made it a serious contender in the financial world. It's like having your own personal economic superhero, ensuring the future of money remains sound and steady.
Bitcoin isn't just an ordinary investment or digital trend; it's a game-changer with a solid monetary policy that sets it apart. There are many reasons why Bitcoin is seen as the best money around. Its decentralized nature, security features, and versatility make it an excellent option for anyone looking for something different from traditional currencies.
Let us advance human liberty. Let us help everyone look forward to tomorrow.
mpumelelo .
nuud, inc.