Piriya ⚡🟧's avatar
Piriya ⚡🟧
piriya@rightshift.to
npub1prya...2xcv
Bitcoin is the antidote to the Fiat poison.
Making the sun rise from the west. Bitcoin is unwinding what Fiat money has done to the world. Onwards. image
Bitcoin is becoming a Unit of Account in a surprsing way. Of course, most people are not and probably not going to start pricing things in Bitcoin for quite some time but what was once thought of as a distant possibility might be closer than you think. In the past few months, we have been seeing Bitcoin making new all time highs in many countries around the world. Starting with countries facing hyper inflation, Venezuela, Lebanon, Turkey, Argentina and so on, but what is more interesting is when we started seeing Bitcoin gradually blowing of new ATHs in countries that is seemingly ok-ish. Just a few weeks ago, Japan becomes the largest economy, the first country in the G7 to see a new Bitcoin ATH. Today we see Norway following suite with many countries lining up. What this shows us is essentially the effect of monetary policies and currency debasement over the past four years. Inflation is difficult to perceive when the unit of account is always fluctuating in value relative to one another, and in an economy where almost 200 currencies tries to remain stable to one another it is not always clear how each currency is holding up as domestic price are almost always subject to some form of subsidy or price control. Bitcoin (and also gold) is blowing off the veil of sophisticated financial alchemy. Bitcoin does not have the concept of borders, countries, or jurisdiction. It is a global monetary asset and 1 Bitcoin anywhere on earth will always be worth exactly 1 BTC. This has made Bitcoin a perfect unit of account for measuring the value, or more precisely, the degree of debasement in each currencies around the world. 1BTC = 1BTC no matter where you are in the world and any difference in terms of how much of the local currency is needed to buy 1 BTC is not a function of BTC but a function of the value of the currency, plus and minus all the premiums and discounts from other factors such as bans or sanctions. Becoming a unit of account in pedestrian scale may require a much larger network effect but today, Bitcoin is performing the duty of a global unit of account, blasting away the shadow of lies and deceits with its light of truth.
Another one bites the dust. Norway sees a new Bitcoin ETH image
ใครอยากซื้อตั๋ว Thailand Bitcoin Conference ด้วยเงินเฟียต วันนี้ Eventpop ก็กดซื้อได้แล้วนะครับ แต่ขออย่าเพิ่งบอกใครนะ แจ้งข่าวพิเศษให้เฉพาะทาง Nostr เท่านั้น Tickets for Thailand Bitcoin Conference 2024 is live on Eventpop for fiat payment and on rightshift.to for BTC/LN payment see for more details. *This is a special announcement for Nostr plebs ONLY please do not share this on other legacy media just yet, public sale rounds open on the 5th of March!*
ปีที่แล้วชื่อ Bitcoin Thailand Conference มันผิดไวยากรณ์แต่มันได้ตัวย่อ BTC ปีนี้เปลี่ยนเป็น Thailand Bitcoin Conference ก็มีแค่คนบอกว่า ชื่อย่อ TBC เมื่อไหร่ตะ confirmed? แก้ตัวย่อเป็น THB เลยดีมั๊ย 🤣🤣😈
Just watched home alone with the kids. Movies used to be good weren't they? No woke bullshit to be seen anywhere.