#Bitcoin art:
Julie Le Brun (1780–1819) Looking in a Mirror - Elisabeth-Louise Vigee Le Brun
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npub1zwqr...vwpr
If only 🇨🇳China and 🇮🇳India would unleash the power of their huge populations by adopting #Bitcoin.
Imagine what this would do to the world...
#Bitcoin is the cure for short-termism.
Economy x Technology determines the success of a nation.
#Bitcoin amplifies both.
If #fiat is so great, why do Central Banks keep #gold reserves?
1861. London is the center of the 🌍
Fashionable ladies marvel at telegraph wires stretching overhead. Well-dressed businessmen put steam engines to work.
🇬🇧 Britain is at the apex of its power
Did you know it was the most #Bitcoin country of the 19th century?
👇
🇬🇧Britain's strength was staggering in 1861, as shown by its share of global production:
-53% of iron
-50% of coal & lignite
-It consumed almost half of the 🌍's cotton output
🇬🇧Britain's industrial capacity was 45% that of the 🌍's and 60% of Europe's.
All while its population was only 2% of the 🌍 & 10% of Europe!
Its energy consumption from modern sources (coal, lignite and oil in 1861) was:
5x that of the 🇺🇸US or 🇩🇪Germany
6x that of 🇫🇷France
155x (!) that of 🇷🇺Russia
🇬🇧Britain was responsible for 20% of the world's commerce & 40% of trade in manufactured products
Its merchant fleet employed 30% of all the merchant ships in the world!
🇬🇧Britain truly ruled the waves...
How did 🇬🇧Britain achieve these staggering feats?
It was a #Bitcoin country!
This is why 👇
1- Gold standard
🇬🇧Britain's adoption of the gold-standard (1816) made the pound stable & reliable
Combined with Britain's economic prowess, this was the reason an international payments mechanism developed based on bills from London
This made international trade a lot easier..
The gold standard heralded a period of great inventions:
-Steam locomotive (1816)
-Electric motor (1821)
-Analytical engine (1830s)
-Telegraph (1837)
-Sewing machine (1846)
-Vulcanized rubber (1844)
-Photography (1839)
2- Minimal government
The 🇬🇧British believed in laissez-faire economy & reduction of state control over economy & individual
Government expenses were seen as an impediment to growth & were to be avoided where possible
Adam Smith explains 👇
3-Trade & eternal peace
The Brits preached trade & eternal peace. Make money, not war...
They didn't believe in any restrictions to trade & opened their home market to everyone. Their rivals often engaged in protectionist policies.
4- Investments all over the globe
Money made overseas was often invested overseas as well.
🇬🇧Britain built railways, ports, utilities & agricultural enterprises.
And the proceeds of these investments could be exported to its home market
There is a great lesson to be learned from 19th century 🇬🇧Britain
Any nation aspiring to greatness should realise the growth potential of a #Bitcoin mentality
Greatness is within your grasp!
🇬🇧Britain's strength was staggering in 1861, as shown by its share of global production:
-53% of iron
-50% of coal & lignite
-It consumed almost half of the 🌍's cotton output
🇬🇧Britain's industrial capacity was 45% that of the 🌍's and 60% of Europe's.
All while its population was only 2% of the 🌍 & 10% of Europe!
Its energy consumption from modern sources (coal, lignite and oil in 1861) was:
5x that of the 🇺🇸US or 🇩🇪Germany
6x that of 🇫🇷France
155x (!) that of 🇷🇺Russia
🇬🇧Britain was responsible for 20% of the world's commerce & 40% of trade in manufactured products
Its merchant fleet employed 30% of all the merchant ships in the world!
🇬🇧Britain truly ruled the waves...
How did 🇬🇧Britain achieve these staggering feats?
It was a #Bitcoin country!
This is why 👇
1- Gold standard
🇬🇧Britain's adoption of the gold-standard (1816) made the pound stable & reliable
Combined with Britain's economic prowess, this was the reason an international payments mechanism developed based on bills from London
This made international trade a lot easier..
The gold standard heralded a period of great inventions:
-Steam locomotive (1816)
-Electric motor (1821)
-Analytical engine (1830s)
-Telegraph (1837)
-Sewing machine (1846)
-Vulcanized rubber (1844)
-Photography (1839)
2- Minimal government
The 🇬🇧British believed in laissez-faire economy & reduction of state control over economy & individual
Government expenses were seen as an impediment to growth & were to be avoided where possible
Adam Smith explains 👇
3-Trade & eternal peace
The Brits preached trade & eternal peace. Make money, not war...
They didn't believe in any restrictions to trade & opened their home market to everyone. Their rivals often engaged in protectionist policies.
4- Investments all over the globe
Money made overseas was often invested overseas as well.
🇬🇧Britain built railways, ports, utilities & agricultural enterprises.
And the proceeds of these investments could be exported to its home market
There is a great lesson to be learned from 19th century 🇬🇧Britain
Any nation aspiring to greatness should realise the growth potential of a #Bitcoin mentality
Greatness is within your grasp!
Competing economic blocks is a net positive for the world.
Bitcoin News
BRICS Is No Joke, Bloc Could Become G7 Counterpart, Experts Say
The BRICS challenge to the world’s established economic order is not a joke, according to experts in the field of international relations.
You know when they ran out of spin if they start calling libertarians "far right"
🤡
https://www.reuters.com/world/americas/argentina-set-primary-vote-with-ruling-peronists-fighting-survival-2023-08-13/
“Bitcoin isn’t a store of value because you can’t touch it”
Worst argument against #Bitcoin ever!
If this was true, email, love, reputation, social media would also not be real.
The narrative is always that 🇨🇳China is wearing down 🇹🇼Taiwan's defences with their incursions.
But isn't the bigger story that 🇨🇳China is giving away its strategy by doing this?
#geopolitics
#Bitcoin #art:
The Starry Night (1889) - Vincent van Gogh
Gold's monetary premium is not derived from it being a useful metal.
It's derived from it's high stock-to-flow.
Come on Peter Schiff... You can do better than this!
https://iris.to/note1k6eyxqysgz4u7dkjv0kll7aj4ywpcrnwzd5ggjsjt6cssywz25dq62u56l
It will be a long and painful struggle for West Africa to get rid of 🇫🇷France and the CFA.
What's waiting for it at the end of the struggle is #Bitcoin adoption.
This will start its rejuvenation.
The gold-backed BRICS currency is never going to happen.
The BRICS nations love the money printer too much.
It's sad that Peter Schiff is spot-on about the failures of our financial system, but at the same time completely misses the mark with his proposed solution.
#Gold
#Bitcoin
