How #Bitcoin, #Lightning & #Nostr allow for innovation without (institutionalised) credit … :
The fiat-based monetary system has made it increasingly difficult for innovations to emerge from the market without institutional funding.
Monetary inflation has made fiat money a poor store of value, which has made it almost impossible for entrepreneurs to save and self-fund innovation.
The capital requirement can usually only be covered by state-affiliated banks and institutes (these include venture capital firms, almost all of which are motivated to maintain good relations with the state).
This development is problematic because the state and its affiliated banks and institutions are pursuing a political agenda. They support projects that follow this agenda.
Satoshi (2009) broke through government imposed gatekeeping and the control mechanism of fiat and institutionalised credit with open (source), permissionless, sound digital money (#bitcoin), laying the foundation for progress free from the shackles of central banking.
Bitcoin is the hardest money ever created. Due to its fixed supply cap, it allows to save and preserve the value of time and effort - giving market actors the time and capital to focus on problems and find appropriate solutions.
The #Lightning Network (2015) introduced a second layer payment protocol for Bitcoin, enabling fast transactions and micropayments.
With the launch of #Nostr (2020), a decentralised protocol for the uncensorable transfer of information, we have a Bitcoin-based tech stack that serves as a basis for market participants to work, communicate and collaborate successfully outside of government control.
Innovation can now emerge from the free market (bottom-up) and is not suppressed, imposed or manipulated from ‘above’.
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After their property was confiscated, Jews were often no longer able to leave Germany for financial reasons, and they were at the mercy of the Nazi henchmen. Many lost their lives.
This is a painful history lesson that teaches us the importance of storing wealth in a digital asset like #bitcoin, which is difficult to confiscate and easy to liquidate or move in times of crisis.
Nothing can stop you from taking your #bitcoin with you. You are not dependent on lengthy bureaucratic processes as with #realestate and do not have to worry that your bitcoin will be destroyed in the event of war.
New article up on EuropeanBitcoiners.com "Bitcoin vs. Real Estate: Which is the more
resilient store of value in times of crisis?
New article „Bitcoin vs. Real Estate: Which is the more resilient store of value in times of crisis?“ up on EuropeanBitcoiners.com: 
