Bitopia
BitopiaLand@BitcoinNostr.com
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History & geopolitics through a #Bitcoin lense.
Phone call between El-Sisi and Bukele in 1, 2, 3…


Bitcoin News
Egypt Struggles With Skyrocketing Inflation and Depreciating Currency, While Bitcoin Nears Record High in the Country
According to the Egyptian Statistics Bureau, Egypt's annual inflation rate hit 36.8% in June, a staggering 33.7% increase from May's rate.
She say 2 years, but this is just a random number she pulls out of her hat to give the appearance of control.
Truth is that they have lost control with their gigantic money printing operation and now have a problem.
Better get some #Bitcoin.


Bitcoin News
Eurozone Inflation to Remain Higher Than 2% Target in Next 2 Years, ECB’s Lagarde Admits
Inflation in the eurozone has started to decline but the ECB expects it to remain above its target in the next two years.
#Bitcoin: The Future of Customer Loyalty Programs
Loyalty programs, when well-implemented, allow us to save money, enhance our shopping experiences, receive relevant offers, earn rewards for consistency, and make us feel part of a community.
Unfortunately, many programs fall short and fail to meet customer expectations:
🕒 Slow Reward Accumulation: Many loyalty programs require you to spend significant amounts or make frequent purchases before you can redeem any substantial rewards. This often leads to a feeling of slow progress and delayed gratification.
💔 Expiry of Points/Rewards: It’s frustrating when hard-earned rewards disappear because you didn't use them within a certain period. It feels like watching your hard work evaporate.
🔒 Data Privacy Concerns: Joining a loyalty program often requires sharing personal data, leading to potential data privacy risks. Who has access to your information, how is it being used, and is it securely stored?
🔗 Limited Choice & Availability: Reward options often don’t align with your preferences, or are only available at inconvenient times or locations. This takes the whole idea of rewards away and dampens the experience.
💸 Increased Spending: There's a fine line between spending for necessity and for earning points. Realising you overspent can be a downer.
Sounds familiar? Enter #Bitcoin, the game-changer that will set a new standard for customer experiences. Brands won’t have an excuse anymore for offering inferior loyalty experiences.
Here's how #Bitcoin will tackle these loyalty program issues:
1️⃣Slow Reward Accumulation
With your rewards as satoshis (smallest unit of #Bitcoin), the value of your rewards grow as the value of #Bitcoin grows. You're not just accumulating points; your points are gaining value independently!
2️⃣Expiring Points
#Bitcoin makes your rewards timeless. Satoshis in your lightning wallet stay with you indefinitely. You can spend them with the brand, with other brands or you can send them to another #Bitcoin or Lightning wallet.
3️⃣Data Privacy Concerns
Your wallet is your identifier, reducing personal data exposure. If you choose to share data for extra satoshis, you do it on your terms. Plus, envision a future where you, the customer, own your transaction data (Nostr style) and can choose to share it for data analysis and personalised offers. In exchange, of course, for a few satoshis! Privacy redefined…
4️⃣Limited Choice & Availability
As #Bitcoin is globally accepted, satoshis earned through loyalty programs can be spent anywhere. If the brand’s choice of loyalty rewards is underwhelming you can spend it on regular products, take it to another brand or save the satoshis for future appreciation.
5️⃣ Increased Spending
#Bitcoin turns spending into an investment. Your satoshis, appreciating over time, make today's spending tomorrow's profit. Even if you regret a purchase, you won't regret the earned satoshis.
#Bitcoin is not only revolutionising finance but will also transform customer experiences. Starting with loyalty programs, it will tackle the most common customer-centric issues.
Shopping will be more fun and rewarding than ever before!


But they will never own a majority of #Bitcoin...


#Bitcoin #art:
The Balcony Room (1845) - Adolph Von Menzel


The advantage of being in control of the Bosporus is that you can negotiate as hard as Erdogan does...
#geopolitics
https://www.reuters.com/world/europe/erdogan-links-swedens-nato-membership-turkeys-eu-accession-2023-07-10/
MS Yellen is right in that the BRICS currency will not threaten the dollar directly.
But it will make the world ready to go off the dollar and embrace #Bitcoin for trade and universal store of value.


Bitcoin News
Treasury Secretary Yellen: BRICS Currency Won't Threaten US Dollar Dominance
U.S. Treasury Secretary Janet Yellen does not see the U.S. dollar’s dominance being threatened by the proposed BRICS currency.
BRICS’ gold-backed currency will benefit Iran in the short run.
But how are they going to make sure all 5 BRICS nations will keep being honest about how much gold they have?
Gold has an extensive monetary history and it clearly shows that even when it was a bearer asset it was eventually always manipulated (gold in coins was mixed with other metals).
When it was the guarantor of paper-money (a gold-backed currency) it was even easier to manipulate. And it always was…
What do you think is going to happen to this BRICS currency?


Bitcoin News
BRICS Gold-Backed Currency Will Benefit Iran, Weaken US Dollar, Iranian Official Says
An Iranian official has stated that Iran will benefit from a gold-backed common BRICS currency that will erode the U.S. dollar's dominance.
The best way for the 🇺🇸US to counter the BRICS gold-backed currency is to fully embrace #Bitcoin.
This will take the wind out of the sails of the BRICS currency REALLY FAST!
#Bitcoin isn't just a financial revolution.
It will also cause a revolution in #Marketing.
The consumer instead of brands will be in the driver seat.
It will start with Loyalty Programs 👇


Damus
BitopiaLand on nostr
#Bitcoin: The Future of Customer Loyalty Programs Loyalty progr
1 nation's gold-backed currency requires trusting that nation to not secretly print more money than the peg allows.
5 nations launching a gold-backed currency requires trusting 5 nations to hold the peg.
Do you seriously believe the BRICS currency is going to hold?
Dear Zimbabwean central bank, can we check how much gold you have stored to back the currency?
No you can’t. Trust me bro...


Bitcoin News
Report: Zimbabwe Central Bank Begins Gold-Backed Digital Currency 'Dry Run'
Nelson Mupunga, the research director at the RBZ, reportedly said the digital currency will act as an alternative to foreign currency.
He is right, of course
But every Bitcoiner knows they are going to raise their inflation targets anyways
No other choice. It’s just math as Gregg Foss likes to remind us
https://www.reuters.com/markets/europe/french-central-bank-head-warns-against-raising-ecb-inflation-target-2023-07-09/
First Blinken, now Yellen...
Is the 🇺🇸US trying to fix relations with 🇨🇳China or are they trying to buy time?
https://www.reuters.com/world/yellen-says-china-us-have-significant-disagreements-that-must-be-communicated-2023-07-09/
“All #Bitcoin journeys have secret destinations of which the traveler is unaware.”
-Martin Buber


"#Bitcoin is not backed by anything"
It's backed by its scarcity
And its ease of ownership gives it the highest financial premium
Clock is ticking 🕰️
#Bitcoin #art:
The Russian Ship of the Line "Asow" and a Frigate at Anchor in the Roads of Elsinore (1828) - Christoffer Wilhelm Eckersberg


A gay vigilante priest with a gun and an awesome moustache…
/https://tf-cmsv2-smithsonianmag-media.s3.amazonaws.com/filer_public/30/aa/30aaf557-0ba1-49f2-b4bb-a83ae4b8d8b1/cropped_gay-vigilantes-sf-examiner-1973_1165_1.jpeg)
Smithsonian Magazine
The Controversial Gay Priest Who Brought Vigilante Justice to San Francisco's Streets
In response to anti-gay violence, the Reverend Raymond Broshears formed the Lavender Panthers, an armed self-defense group, in 1973
Interesting...
40% of South Africans are familiar with Web3, while the rest of the world (especially the VC world) is desperately looking for a useful Web3 use case


Bitcoin News
40% of South Africans Familiar With the 'Concept of Web3' — Study
Just under half of the respondents (48%) cited the crypto market’s volatility as a significant barrier to entry.