Buying a fiat white from Vladimir the Ukranian at The Cobbled Roastery in Edinburgh. Paying with #BTC with my card from @Danny Scott, followed by a quick replenish on @strike. Life’s good.
The dollar is collapsing against #Bitcoin. It will soon be at an easily remembered rate of $1 = 1,000 Sats and after that $1 will equal 100 Sats and then…
(Sat = Satoshi = 100 millionth of #BTC)
Coming soon to a financial district near you…
“You played a house that can't be beat. Now look your head's bowed in defeat. You walked too far along the street where only rats can run.”
David McWilliams, 1967
There’s much interest in #Bitcoin citrcles about the US presidential election coming up soon.
I suggest that people forget that #BTC is a global phenomenon: for everyone from the unbanked to nation states. And remember this, the USA is only 25% of the global economy.
Are Bitcoiners putting too much emphasis on the (failing?) US fiat, debt burdened economy?
Don’t just hodl, spend and replace! I visited Art Club, Bristol, UK for a coffee and paid with #Bitcoin. Here’s a cheesy photo of Corin and me having done the deed. Nice flat white, by the way.
Between £1.3 and £4 Billion linked to crypto. Ok, but compare that with the total figure of £37 Billion (Home Office figure). I therefore presume fiat accounts for 6 - 28 times more illicit activity.