It is normal that currency debasement and inflation are not the same thing. Currency debasement is a monetary policy by the central bank to intentionally devalue the currency for many reasons, that can include to reduce the effect of money printing and to improve trade balance among many other reasons. But inflation is a disaster that are not intended for, poor economic handling mostly cause it.

In simplicity, currency debasement affects the currency directly, but inflation affects the goods and services to weaken the purchasing power of the currency.

This mindset put me in trouble last year, it is a newbie thinking. I wish it is as easy as said it. With your simple mode, it simplest way to trade, it cannot know when the time is ripe for the low to buy and the high to sell. You will guess them. This is not a strategy, but a pattern.

No one can control bitcoin.

To add to what you said, I will never forget the help that Bitcoin helped me when I was trying to pay for domain. As we know, cards payment are the most popular payment in such gateway, but all my Naija payment cards disappointed me, it was a matter of rejection upon rejection. I had to change the domain to pay where Bitcoin is accepted. That was when I was able to complete that payment after weeks of trying.

Hearing testimonies from different sources, I can only conclude that "You don’t need to be rich to invest, but you need to invest to be rich." Riches aside, investment can increase your financial freedom, but the problem with most people is procrastination, they want this BIG capital to invest, but it is not like that.

From, real estate to crypto, we have seen people buying their assets that were deem worthless, but suddenly became their source of wealth. I remember someone who couldn't afford a land at the city center but wanted to invest. He bought it at a rural area where he could buy over 1 acre. Not long after, the government decided to build a Federal university in that locality. Right now, a plot of land there can buy a plot of land in the city center that he couldn't afford, that is the power of investing.

It mustn't be convenient, it mustn't be in thousands of dollars, a little that is being consistent about and carefully thought through could make that wealth. Start investing today.

Many of you may not give an F about this but it is important to me due to what I faced just for buying a domain from Africa.

I tried for weeks to get a card to buy a domain, but it was all rejected. I am sure that if the card was owned by a US or EU citizen, the transaction will be processed itch-free. This makes me abandon the hosting site I wanted to use and searched for the ones that accept Bitcoin.Immediately I sent the payment, it was successful. Thanks to Bitcoin that doesn't discriminate whether you are from Asia, Africa, Europe or US.

Bitcoin recognizes everyone as equally important, as the same.

You made a mistake, the US is not abusing the USD, you can cite an example of how they abuse it for clarity. The US power and dominance over the world economy and political space is difference from the USD itself. If the US is manipulating the USD, it is the same as manipulating the world market, this will be be an abuse that the punishment will be severe, no one would trust the USD again, so they don't dare, the consequence will be dire.

But political power and economic dominance? Yes, we can say the US is somewhat flexes muscle on this. It become clearer and annoying during Trump's administration and the reason BRICS was formed to strengthen a rebellious alliance against the US and the USD. Not that the USD is being abused by the US, but to reduce the strong dominance in the world market. Too much power that wants to be diluted is the main goal of de-dollarization. This is fair in every political and economic setting to avoid being overused.

The title question has run through my mind a million times, in the end, the repeated answer is Yes!

Here are why:

1. As pioneer: Bitcoin is a new innovation than any other, the very first blockchain structure wired to function nicely in payment and finance. Such an authentic innovation doesn't die, but stays forever as long as the world remains.
2. Hacking: Bitcoin cannot be hacked.
3. Fairness: The blockchain mechanism ensures fairness among parties, no discouragement.
4. Decentralization: You can own your Bitcoin and have the true possession.
5. Value: Bitcoin is an asset. It has so much value to the point that you can buy it and forget for years to meet huge success goal. This hedges against inflation and increase financial freedom.
6. Intention: Unlike many projects, the intention of the creator was pure, selfless, neutral and genuine. Such system often attracts adopters naturally and give everyone the freedom they deserve.

This is just a random news I get but people are really talking about it.

I have just read about it not long ago but I have also read somewhere before that by 2030, it is possible that ECDSA becomes vulnerable to quantum computing. This is 2025 which means 20230 is just 5 years away from now.

What do you think about this disturbing news, I have been read more than 5 news about this and I saw another one today. What are bitcoin developers doing about it?

If you need the source that I get today's news from, I can post it which has the the title that I have as the title on this thread.

He is not talking about chaikg the 21 million total supply. He is talking about the banks and other institutions telling people they bought more bitcoin to make more profit but which is a lie.

This is what he is talking about. Also proof of reserve will be good which the professionals will be used for the audit.

No need to make the list public but you can use this thread to warn people.. scammers bare very common telegram. They will be the one that will message you just to scam you. You can bring out the ways they are using to scam instead.

There are some that no information will be given and earthquake will occur. The only thing is that earthquake does not just come at once, it will first come for some seconds which should be a warning that people should leave their house or the building that they are to a level ground which are the safest places at the time. The earthquake will then come in fill force after some minutes which can destroy buildings that are not very strong.

I know all these terms. You can also call such wallet self-hosted.


You can also search for it online to know that I am correct.

This will be the best that can be done but I guess that most people will backup the seed phrase someone at there home. It can be in two or more locations but at the same home which is not safe enough.

But what about someone that does not have several bitcoin, not having more than 1 house and not want to lose his seed phrase? $0.1 BTC may be small to some people but big to some people depending on how rich they are. With your explanation, I think the rich people withore than one house are favoured.

Anytime you make transaction, your address public key is can be known. If quantum computers is able to be used to access bitcoin private key, it will not be through bitcoin address but through the public key. If you used an address to receiver bitcoin but you did not send   send the coin to another address or anyone, the public key can not be known and can be be attacked in the future with the use of the quantum computer.

It is not good to hold your coins on exchanges but hold them on a self-hosted wallet. This brings the responsibility of how not to lose your seed phrase because if you lose your seed phrase you will lose your coins.

If there is a natural disaster that flood your town or an earthquake that destroyed the building your seed phrases are, what are the other recovery means that you have in place for you not to lose your bitcoin?

We should backup the seed phrase in a way that no matter what happened, we should still be to have access to the seeds phrase. What are you approaches to make sure that no matter what happened, you will have access to your seed phrase if you are still alive and your brain is functioning properly.

Trading is very risky than people think until they are losing and become addicted to trading. Some people have known bitcoin since but they are still struggling. They are struggling not because they did not have money in the past but just because they are trading. They wanted fast money and they lost and lost several times.

It is better not to trade but hold when the price of bitcoin fall very well but they like quick money. You can gain in trading and later lose your money. Trading is only good for those that are not losing. If you have been trading for some months and losing, stop trading and be patient. When the price of bitcoin fall, you can buy it and hold it instead.

We are going to know about how it would be if more details about it come out. This is only the information about it yet.

Russian finance ministry, central bank weigh crypto trading pilot for top-tier investors

https://crypto.news/russian-finance-ministry-central-bank-weigh-crypto-trading-pilot-for-top-tier-investors/

What kind of news is this?

From the news only top-tier investors, with a $250,000 minimum asset holding will be allowed. It is also an experiment which may not take more than 5 years.

Ministry of Finance and the Bank of Russia are negotiating about it.

When Russians are busy trading cryptocurrencies. This could only means they have been missing the tax they supposed to have earned. I hope they will begin it and see how positive it will become.

Maybe Utah will be the first to have bitcoin reserve in United States

https://x.com/Dennis_Porter_/status/1887634364525387944?s=19