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The Original Economy 2
PART2: ECONOMY STORY
About 700 years before JC the sovereigns were able to impose the use of money as a means of payment in the form of an object for which they claim exclusive production. And right now the currency is in the form of coins of gold, silver, copper and which served as payment for their soldiers who waged wars conquering new territories.
So to obtain food and equipment, the soldiers imposed by force on the peasants and merchants this currency as payments. Then the power then
About 700 years before JC the sovereigns were able to impose the use of money as a means of payment in the form of an object for which they claim exclusive production. And right now the currency is in the form of coins of gold, silver, copper and which served as payment for their soldiers who waged wars conquering new territories.
So to obtain food and equipment, the soldiers imposed by force on the peasants and merchants this currency as payments. Then the power then
The Original Economy
PART1: ECONOMY
Although the economy looks complex, yet it works in a simple and mechanical way. It is partly made up of "TRANSACTIONS". These transactions are above all driven by the social nature of humans. So the economy simply is the sum of the transactions defining human society.
For example, each time you buy something, you create a transaction. Each transaction consists of a buyer exchanging currency or credit with a seller for goods and services or even financial assets. Credit runs
Although the economy looks complex, yet it works in a simple and mechanical way. It is partly made up of "TRANSACTIONS". These transactions are above all driven by the social nature of humans. So the economy simply is the sum of the transactions defining human society.
For example, each time you buy something, you create a transaction. Each transaction consists of a buyer exchanging currency or credit with a seller for goods and services or even financial assets. Credit runs
Why Bitcoin remains the only internet's Greatest creation according to the Founder of WikiLeaks Julian Assange ?
CeFi vs DeFi
The battle between CeFi and DeFi is raging in the cryptocurrency world. While attending a Web3 conference in Hong Kong, Binance CEO Changpeng Zhao did not remain indifferent to the subject.
According to Binance CEO “ CeFi is not against DeFi. DeFi shouldn't be against anyone either.
In a purely decentralized space, everyone would be for themselves. When you form projects and initiatives, that is centralization. There will always be pockets of centralization, even within the decentralized sp
According to Binance CEO “ CeFi is not against DeFi. DeFi shouldn't be against anyone either.
In a purely decentralized space, everyone would be for themselves. When you form projects and initiatives, that is centralization. There will always be pockets of centralization, even within the decentralized sp
Learning is the best thing.
The reserve currency
You don't invest in Bitcoin, you save in it.
Understand how Bitcoin is deflationary.
▶️In February 2009, is published on the P2P site foundation and under the name of use of Satoshi Nakamoto", the announcement of work done on a peer-to-peer currency, based on processes cryptographic: Bitcoin.
▶️The software code explaining the implementation of the system is detailed in a document published in 2009 on bitcoin.org
▶️Bitcoin, an electronic payment system for peer-to-peer is emerging as an alternative to democratize finance. Its creator Satoshi Nakamoto is probably a pseudonym behind which hide one or more people.
▶️ So most people know that the ideology behind this Proof of Work currency is to establish a monetary system without inflation, which is not the case with the fiduciary currencies that we have had for a long time.
▶️ But some debates on forums seem ambiguous about the inflationary and deflationary nature of peer-to-peer currency. How is Bitcoin deflationary?
▶️ The first answer that jumps out is that this one has a supply limited to 21 million. In any case this is what was presented to the world by S. Nakamoto in 2009 and this is what we unanimously believe.
▶️ But as pointed out above, some believe that the activity of mining or extraction of new bitcoins brings inflation to the system which claims to be deflationary.
▶️ That the Bitcoin we currently know is not yet deflationary and therefore is an inflationary currency based on the definition of the concepts of inflation and deflation in an economic model.
▶️But the purpose of this Thread is to elucidate why Bitcoin is never subject to an inflationary system but rather a moderate deflationary system.
▶️The very first thing to understand before converting $1 into a few satoshi is to know that you are not investing in Bitcoin, you are saving in it.
▶️ Technically what does this mean? This means that if you convert your fiat currencies into bitcoins, you are trying to protect yourself against the inflation that is typical of conventional currencies.
▶️ This is also how we can understand the great revolution that bitcoin brings as a monetary project and a store of value.
▶️For example, if in 2010 Paul had invested $100 in bitcoins, his purchasing power would have increased over time, whereas if Paul kept his $100 in US Dollars or Euros, his purchasing power would have decreased over time. of this decade and over time.
▶️ So bitcoin is the currency that saves money. But how is it that new bitcoins are added every day and that inflation is not there, of course what we can compare to the creation of money constantly.
🔄 This is the main and main question I'm trying to answer 😏
▶️ The answer to this question is simple and straightforward. The Bitcoin Protocol was designed to produce 21 million bitcoins in total and this over a given time. And that everyone knows.
▶️ The big difference between fiat currencies that are subject to inflationary policy and Bitcoin,
▶️ it's that the actors of this economic model can agree on a certain number of statistics and allow themselves to inject trillions into the economy at will. Whereas with Bitcoin it's something else entirely.
▶️ That said, there is no money creation at [ * want * ], at [ * will * ] and at [ * will * ]. Bitcoin is therefore an exchange system of sovereign value, which is self-regulating and which is well thought out.
▶️The New Bitcoin Mining Process is not a way to create any other amount of Bitcoins outside of what has been implemented in the lines of code.
▶️Also, the new bitcoins that miners unlock in the mining process are just monetization of the energy they use to secure the big network.
▶️And these bitcoins do not prevent the normal development of bitcoin as a monetary project. As a result, it is this activity that gives Bitcoin sovereignty and self-regulation.
▶️ This sovereignty and self-regulation gives rise to what I can call the policy of desinflation. Since each time new bitcoins come into circulation,
▶️ There are new people taking it in order to store value.
Understand how Bitcoin is deflationary.
▶️In February 2009, is published on the P2P site foundation and under the name of use of Satoshi Nakamoto", the announcement of work done on a peer-to-peer currency, based on processes cryptographic: Bitcoin.
▶️The software code explaining the implementation of the system is detailed in a document published in 2009 on bitcoin.org
▶️Bitcoin, an electronic payment system for peer-to-peer is emerging as an alternative to democratize finance. Its creator Satoshi Nakamoto is probably a pseudonym behind which hide one or more people.
▶️ So most people know that the ideology behind this Proof of Work currency is to establish a monetary system without inflation, which is not the case with the fiduciary currencies that we have had for a long time.
▶️ But some debates on forums seem ambiguous about the inflationary and deflationary nature of peer-to-peer currency. How is Bitcoin deflationary?
▶️ The first answer that jumps out is that this one has a supply limited to 21 million. In any case this is what was presented to the world by S. Nakamoto in 2009 and this is what we unanimously believe.
▶️ But as pointed out above, some believe that the activity of mining or extraction of new bitcoins brings inflation to the system which claims to be deflationary.
▶️ That the Bitcoin we currently know is not yet deflationary and therefore is an inflationary currency based on the definition of the concepts of inflation and deflation in an economic model.
▶️But the purpose of this Thread is to elucidate why Bitcoin is never subject to an inflationary system but rather a moderate deflationary system.
▶️The very first thing to understand before converting $1 into a few satoshi is to know that you are not investing in Bitcoin, you are saving in it.
▶️ Technically what does this mean? This means that if you convert your fiat currencies into bitcoins, you are trying to protect yourself against the inflation that is typical of conventional currencies.
▶️ This is also how we can understand the great revolution that bitcoin brings as a monetary project and a store of value.
▶️For example, if in 2010 Paul had invested $100 in bitcoins, his purchasing power would have increased over time, whereas if Paul kept his $100 in US Dollars or Euros, his purchasing power would have decreased over time. of this decade and over time.
▶️ So bitcoin is the currency that saves money. But how is it that new bitcoins are added every day and that inflation is not there, of course what we can compare to the creation of money constantly.
🔄 This is the main and main question I'm trying to answer 😏
▶️ The answer to this question is simple and straightforward. The Bitcoin Protocol was designed to produce 21 million bitcoins in total and this over a given time. And that everyone knows.
▶️ The big difference between fiat currencies that are subject to inflationary policy and Bitcoin,
▶️ it's that the actors of this economic model can agree on a certain number of statistics and allow themselves to inject trillions into the economy at will. Whereas with Bitcoin it's something else entirely.
▶️ That said, there is no money creation at [ * want * ], at [ * will * ] and at [ * will * ]. Bitcoin is therefore an exchange system of sovereign value, which is self-regulating and which is well thought out.
▶️The New Bitcoin Mining Process is not a way to create any other amount of Bitcoins outside of what has been implemented in the lines of code.
▶️Also, the new bitcoins that miners unlock in the mining process are just monetization of the energy they use to secure the big network.
▶️And these bitcoins do not prevent the normal development of bitcoin as a monetary project. As a result, it is this activity that gives Bitcoin sovereignty and self-regulation.
▶️ This sovereignty and self-regulation gives rise to what I can call the policy of desinflation. Since each time new bitcoins come into circulation,
▶️ There are new people taking it in order to store value.
The reserve currency
You don't invest in Bitcoin, you save in it.
Understand how Bitcoin is deflationary.
▶️In February 2009, is published on the P2P site foundation and under the name of use of Satoshi Nakamoto", the announcement of work done on a peer-to-peer currency, based on processes cryptographic: Bitcoin.
▶️The software code explaining the implementation of the system is detailed in a document published in 2009 on bitcoin.org
▶️Bitcoin, an electronic payment s
Understand how Bitcoin is deflationary.
▶️In February 2009, is published on the P2P site foundation and under the name of use of Satoshi Nakamoto", the announcement of work done on a peer-to-peer currency, based on processes cryptographic: Bitcoin.
▶️The software code explaining the implementation of the system is detailed in a document published in 2009 on bitcoin.org
▶️Bitcoin, an electronic payment s
The ₿ Currency
Bitcoin, what is it?
To put it simply as hello; Bitcoin is an English word that is broken down into 2 syllables, Bit: binary information unit (composed only of 0 and 1) and coin: Currency. That means, with the greatest vulgarity, a currency based on the binary information unit serving as a peer-to-peer payment system, or from person to person. Hence the name ''Binance'' from ¨ Binary Finance¨.
Hey Guys, Am I then welcome on Binance Feed ?
To put it simply as hello; Bitcoin is an English word that is broken down into 2 syllables, Bit: binary information unit (composed only of 0 and 1) and coin: Currency. That means, with the greatest vulgarity, a currency based on the binary information unit serving as a peer-to-peer payment system, or from person to person. Hence the name ''Binance'' from ¨ Binary Finance¨.
Hey Guys, Am I then welcome on Binance Feed ?
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