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0xbitcoiner
0xbitcoiner@stacker.news
npub16mwf...2myx
₿ ⚡ ℕ 🇵🇹 🇪🇺 🌐 ☀️ 🌌 ░▒▓█ ░ decentralization enthusiast ░ microcontrollers & software ░ C, C++ and C# developer
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0xbitcoiner 2 years ago
#Bitcoin Bank Actually there is a very good reason for Bitcoin-backed banks to exist, issuing their own digital cash currency, redeemable for bitcoins. Bitcoin itself cannot scale to have every single financial transaction in the world be broadcast to everyone and included in the block chain. There needs to be a secondary level of payment systems which is lighter weight and more efficient. Likewise, the time needed for Bitcoin transactions to finalize will be impractical for medium to large value purchases. Bitcoin backed banks will solve these problems. They can work like banks did before nationalization of currency. Different banks can have different policies, some more aggressive, some more conservative. Some would be fractional reserve while others may be 100% Bitcoin backed. Interest rates may vary. Cash from some banks may trade at a discount to that from others. George Selgin has worked out the theory of competitive free banking in detail, and he argues that such a system would be stable, inflation resistant and self-regulating. I believe this will be the ultimate fate of Bitcoin, to be the "high-powered money" that serves as a reserve currency for banks that issue their own digital cash. Most Bitcoin transactions will occur between banks, to settle net transfers. Bitcoin transactions by private individuals will be as rare as... well, as Bitcoin based purchases are today. image
Bitcoin Bank
Bitcoin Bank
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0xbitcoiner 2 years ago
Satoshi Nakamoto 'Appears' on Times Square in New York City image #bitcoin
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0xbitcoiner 2 years ago
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 #bitcoin #plebchain #quotes
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0xbitcoiner 2 years ago
Is water actually wet ? 💧 #asknostr #plebchain
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0xbitcoiner 2 years ago
Songs with History This post is inspired by a road trip through Italy a few years ago when we were listening to a local radio station and a portuguese song started playing. At first, we didn't understand why a portuguese song was playing on a local Italian radio station, but two minutes later we found out. It was a radio show called "Songs with History" and that day it was José Afonso's turn with the song "Grândola, Vila Morena". "Grândola, Vila Morena" (English: Grândola, Swarthy Town) is a Portuguese song by singer-songwriter José Afonso, recorded in 1971. It was originally released in Afonso's 1971 album Cantigas do Maio and later released in an EP of the same name in 1973, and as a single in 1977. "Grândola, Vila Morena" became an iconic song in Portugal after being used as a radio-broadcast signal by the Portuguese Armed Forces Movement during their military coup operation in the morning of 25 April 1974, which led to the Carnation Revolution and the transition to democracy in Portugal. It has since been considered a symbol of the revolution and anti-fascism. Lyric Grândola, Swarthy Town Land of fraternity The people are the ones who order Within you, o city! Within you, o city The people are the ones who order Land of fraternity Grândola, Swarthy Town! In every corner a friend In every face equality Grândola, Swarthy Town Land of fraternity! Land of fraternity Grândola, Swarthy Town In every face equality The people are the ones who order! Under the shadow of an oak tree That no longer knew its age I swore to have as my companion Grândola, your will! Grândola, your will I swore to have as my companion Under the shadow of an oak tree That no longer knew its age The song is a celebration of the values of fraternity, equality, and popular sovereignty. It is a call to action for the people to unite and take control of their own destiny. The song is set in the town of Grândola, Portugal, which is known for its long history of resistance to oppression. The first verse of the song introduces Grândola as a land of fraternity and equality. The people are the ones who are in charge, and they are united in their desire for a better future. The second verse describes the people of Grândola as being friendly and equal. They are all working together to create a better community. The third verse repeats the message of the first verse, emphasizing the importance of popular sovereignty. The people are the ones who should be in charge, and they should not be afraid to stand up for what they believe in. The fourth verse is a more personal reflection on the singer's relationship with Grândola. He has sworn to be a companion to the town, and he will always stand by its side. The song "Grândola, Vila Morena" is a powerful anthem of freedom and hope. It is a reminder that the people have the power to change their own destiny. #music #history
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0xbitcoiner 2 years ago
What Would Be The Best Update For This List ? 📃 2010 — No one uses it. 2012 — Only computer nerds use it. 2013 — Only drug dealers use it. 2014 — Only money launderers use it. 2017 — Only gamblers use it. 2019 — Only a small percentage of the population uses it. 2020 — Only small companies use it. 2021 — Only small countries use it. #bitcoin
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