PRISON CURRENCY
It’s interesting to see that prisons have their own ‘economy’
Certain goods hold value:
- Tobacco
- Ramen Noodles
- Tinned Tuna
These are used as a medium of exchange like fiat money
These items are difficult to get into prison so have a limited supply
They cannot create more cigarettes easily
So they become more desirable to inmates
Legal services, Tattoos, and barbering are examples of services that inmates offer in exchange for desirable goods—their very own version of ‘money’.
Since leaving The Gold Standard governments have lost this fundamental principle
If money is easy to increase, the value decreases
Leave £1,000 or 50 Packets of ramen in the Chow Hall
#Bitcoin
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2024 Christmas Markets Inflation
Guess the price of some classic goodies at the Edinburgh Christmas Markets in 2024 compared to 2014.
Mulled Wine:
2014: £3
2024 £6
Bratwurst
2014: £4
2024: £8
Beer
2014: £4
2024: £7
Inflation is everywhere, slowly eating away at the value of your money. Prices double while wages often lag behind.
Bitcoin offers an alternative—a decentralized, finite supply of money designed to preserve value over time. When you understand Bitcoin, you see why it's the antidote to the creeping loss of purchasing power.
#Bitcoin #Inflation #SoundMoney
Bitcoin at £16K
Friends: “Bitcoin is just a fad”
Bitcoin at £35K
Friends: “Bitcoin is risky”
Bitcoin at £70K
Friends: “Do you think I should buy some bitcoin?”
#bitcoin
In 2012, I first heard about Bitcoin
In 2016, I was offered Bitcoin as payment for a used car
In 2024, Bitcoin hits an all-time high
Looking back I had lots of opportunities to buy Bitcoin but I never did.
I cannot help but think of the old saying
“The best time to plant a tree is 20 years ago, the 2nd best time to plant a tree is right now”
So start stacking Sats!
#bitcoin #btc #Sat's #crypto #cryptocurrency
I asked my barber: "Hey do you accept Bitcoin?"
He said: " Nahh bro sorry!"
Well F*ck me you accept everything else? Visa, Mastercard, my first born!
#bitcoin #finance #btc
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I Have BITCOIN But My Wife left me
I love the passion of fellow Bitcoiners
But recently I asked some people on the Bitcoin Walk
“How does your significant other feel about your Bitcoin passion?”
I was surprised by their answers:
“Oh they just do not get it”
“I tried to set them a wallet to put money into but they never did”
“They think I am crazy, but at least it better than my laser quest hobby”
I think I speak for most people here in that we have each at some point had conversations with friends, partners, or colleagues about our interest in Bitcoin.
My success rate of converting someone to Bitcoin is…
0%
I know this is because people will see the light in their own time
But I have to ask myself
“Why do I buy Bitcoin?”
To be honest part of it is to create a future for me, my family, and my friends.
Should we just go out and make new friends?
Get a new partner?
How can we build trust with others that we know what we are doing?
If they do not understand it?
Or is it just a case of happy wife, happy life?
#bitcoin #asknostr #crypto #BTC
Interesting to see the major corporate donors to each party.
Google giving heavily to Democrats and favourable search results.
There are other powers destroying free speech
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BAIL OUT VS BAIL-IN
So I was familiar with the term ‘Bail-Out’
My dad said it to me every time I left the lights on in my room. 💡
I also heard it ALOT around 2008 with headlines such as:
🤑"Bailout Package: Now With Free Executive Bonuses!”
💸"Wall Street on Welfare”
🏧"Buy One Bank, Get Two Free!”
What I have NEVER heard before is the term ‘Bail-In’??
What is it?
It sounds fun!
It sounds like the latest amusement at Thorpe Park
“SCREAM as you ride the BAIL-IN this summer!” 🎢
A bail-in is when the failing bank can use the money of depositors, shareholders, and bondholders to ‘stabilize’ themselves rather than relying on government money.
Basically…
Your money.
The Bank of England has kindly outlined this process for you and called it a stabilization tool
https://www.bankofengland.co.uk/paper/2021/executing-bail-in-an-operational-guide-from-the-boe
phew! I was worried there for a second!
Another reason to put your focus on Bitcoin and out of the financial system
So 'bail-in' is where the bank pulls a sneaky and uses *your* money to save itself
Think of it as the ultimate thrill ride where you didn’t even know you were tall enough to hop on!
But hey, as long as it’s all part of the plan, right? 😅
#Bitcoin #BTC #Bitcoinbeginners #crypto #Cryptocurrency
Billionaire Mark Cuban said he would rather have bannanas 🍌
Than Bitcoin 🪙
5 Years later, I know what I would rather have 😂😂
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😬 Brace Yourself—Bitcoin Volatility Expected to Surge With U.S. Election🇺🇲
Get ready for some serious DIPS bit remember to HODL!🚀
#Bitcoin #Crypto #BTC #Cryptocurrency
🏀How BTC is Shaping Sport🎾
Already I can see the fingerprints of Bitcoin in sport ⚽
1. Real Bedford FC - Southern League football team owned by bitcoin podcaster Peter McCormack
2. Dallas Mavericks - Owned by Crypto lover Mark Cuban began accepting BTC as payment for tickets in 2018
3. Player Salaries - Quarterback Aaron Rodgers disclosed that he was accepting part of his salary in BTC
For major technology change to happen a trend has to be adopted by either the sports or porn industry
Looks like the first domino has fallen.
#BTC #Bitcoin #Crypto #BitcoinCommunity #HODL #BitcoinNews #BitcoinAdoption
DO YOU REMEMBER YOUR FIRST COCA-COLA?
This was something that was brought up on the last Bitcoin walk I was on.
A question I asked was:
“Do you remember the first time you drank Coca-Cola?”
The hardest thing I have struggled with BTC is ‘unlearning’ what I have believed for all my life.
I cannot remember the first time I drank Coca-Cola, because it’s always been there.
I have always known what it tastes like
I have always known it was red
I know that I can go anywhere in the world and feel comforted by drinking Coca-Cola
I do not remember the first time I was offered it, but I always remember asking for it.
This is what made challenging fiat currency so difficult
You get comfort in the system
You ASSUME everything works as it’s supposed to.
You believe in it because it’s all you have ever known
But does that make it right?
Or will all my teeth fall out before it is too late
But what if that comfort is just a clever illusion?
Coca-Cola was sweet, familiar, and easy to trust—but we all know what happens if you drink it every day.
Much like the fiat system, it keeps us hooked on what's always been there, even if it's not what’s best for us in the long run.
Bitcoin isn’t comfortable or familiar.
It doesn’t have the taste we’re used to, but that’s precisely what makes it powerful.
Sometimes, we need to unlearn what we know to make room for something better
Even if it doesn’t come in a familiar red can.
#BTC #Bitcoin #Crypto #BitcoinCommunity #HODL #BitcoinNews #BitcoinAdoption
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📚 The Bitcoin Standard - Review 📙
So as I started my Bitcoin journey, one book EVERYONE recommended to me was
‘The Bitcoin Standard by Saifedean Ammous’
I was originally quite surprised when I first started reading it, it’s not ‘really’ a book about Bitcoin
It’s more of a breakdown of the money system and a very small nod to Bitcoin at the end
I understand why this was recommended to me
Because you do not need any technical knowledge of BTC or Blockchain to understand the book.
It is straightforward, pick up and go
With lots of anecdotes, stories from history, and examples to help you understand complicated concepts
My biggest takeaway is this…
Just because I have not experienced a civilization collapse, money to become worthless or nuclear war, doesn’t mean it cannot happen.
History has a habit of repeating itself
The government or banks are not looking to help you, so its down to you to protect yourself.
Be prepared to have your mind bet in a few different directions (Just a warning)
The chapters I enjoyed the most were:
- Chapter 3: "The Monetary Media of Exchange" – This one digs deep into how commodities like gold, silver, and even salt became monetary standards in the past. It’s fascinating to see how societies historically agreed on certain "store of value" assets.
- Chapter 6: "Sound Money and Individual Freedom" – This section really resonated because it’s not just about finance; it's about freedom and autonomy. The idea that money which can’t be debased grants you more control over your life is a compelling argument for a Bitcoin-based future.
- Chapter 9: "Bitcoin’s Role" – Though it’s at the end, it ties everything together, explaining why Bitcoin could be the modern answer to sound money. It’s like a reward after understanding the history and theory that built up to this moment.
Overall, I’d say The Bitcoin Standard isn’t just a book about Bitcoin—it’s a journey through money, freedom, and resilience. It’s left me with a sharper perspective on the financial systems around us and how Bitcoin could play a part in reclaiming control over our wealth.
If you’re new to Bitcoin, or even just curious about economic history, this is a solid starting point!
#Bitcoin #BitcoinStandard #bookreview #btc #crypto #cryptocurrency
How BTC Is Shaping Sport?
Already I can see the fingerprints of Bitcoin in sport ⚽
1. Real Bedford FC - Southern League football team owned by bitcoin podcaster @petermccormack
2. Dallas Mavericks - Owned by Crypto lover Mark Cuban began accepting BTC as payment for tickets in 2018
3. Player Salaries - Quarterback Aaron Rodgers disclosed that he was accepting part of his salary in BTC
For major technology change to happen a trend has to be adopted by either the sports or porn industry
Looks like the first domino has fallen!
In the UK 49 Million people play the lottery
As of 2024 3.9 million people hold #Bitcoin
it's crazy to see people put their faith Into the lottery, but call Bitcoin risky!
UK CRYPTO CAPITAL GAINS TAX
One I may have missed but looks like the UK Gov are going to tax your #Bitcoin gains by a minimum of 10%
Crypto exchanges are getting in bed with HMRC
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WHY DO PEOPLE BUY ART?
1. To have something pretty to look at
2. Something for rich people to buy in the hope that it increases in value
Why is Art a bad investment, and should Bitcoin be a viable alternative
- Art has a subjective value
- Understanding art is difficult, and lots of research is required
- The Art industry is very opaque
- Artwork doesn’t offer quick liquidity
This should be an open GOAL ⚽
Nothing has beaten BTC over the last 14 years
- It is a store of value
- Decentralised
- Accessibility
- Transparent
- Inflation protection
Jay Z snapped up a $4.5M Basquiat painting
What would his return be if he bough BTC instead?
#BTC #Bitcoin #Crypto #BitcoinCommunity #HODL #BitcoinNews #BitcoinAdoption
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UK Govement Borrowed £121.9bn
Looks like they have just given Bitcoin holders a great incentive to HODL 🙌
#Bitcoin #HODL #BTC
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THE 7 STAGES OF BEING A BITCOINER
1. Shock and Denial
Bitcoin: "Wait, how can a digital currency actually be real money? This must be a fad."
2. Pain and Guilt
Bitcoin: "Why didn’t I buy it earlier? How could I have ignored it when it was under £1,000? Now it's too late…"
3. Anger and Bargaining
Bitcoin: "The government! The banks! Why don't they just adopt Bitcoin already?! Maybe if I sell a bit now, I'll feel better."
4. Depression
Bitcoin: "The price crashed again… Why do I even bother checking my portfolio?"
5. The Upward Turn
Bitcoin: "Hey, the price is stabilizing. HODL was a good move after all!"
6. Reconstruction and Working Through
Bitcoin: "Okay, I’m going to learn more about blockchain tech, maybe even start using Lightning Network for transactions. I get it now."
7. Acceptance and Hope
Bitcoin: "Bitcoin is inevitable. I’ll ride out the waves. In the long run, it’s the future of money."
#BTC #Bitcoin #Crypto #BitcoinCommunity #HODL #BitcoinNews #BitcoinAdoption
BOOMERS ARE WEALTHY
It’s Official…
Baby Boomers are the wealthiest generation 🤑
Sorry millennials 😭😭
Looks like we will have to wipe away our tears at Costa coffee ☕
For years I blamed previous generations for MY lack of wealth
I kept kicking myself 🦵
“Why didn’t I buy property in 1994, instead of playing Nintendo!”
But I do not think I can blame my parents for this.
They were just fortunate to be born into this system 🧬
The fact is since the UK came off the gold standard
Our parent’s assets have increased due to inflation.
Millennials you may not be able to buy property
Gold may be a bit pricy as well…
But the scarcity of bitcoin makes it an interesting alternative
Since dipping my toe into the BTC world 🌍
I have had my mind bent several times 😵
Bitcoin can be the answer to you no longer surviving
But thriving!💹
#BTC #Bitcoin #Crypto #BitcoinCommunity #HODL #BitcoinNews #BitcoinAdoption
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There is a huge wealth inequality. The rich get richer, the poor get poorer. The thing is every generation has their "Thing". Wither it's property, stocks, bonds, Bitcoin its important for people to look at the landscape, educate themselves and try to hold on to what they have worked for.
👋 Hello World! 🥳
I’m diving headfirst into the world of #Bitcoin
Having spent years in a fiat world, I am now trying to ‘unlearn’ everything I have been taught.
Currently, my expertise lies somewhere between "curious" and "slightly confused," but I'm here to learn, share, and connect with others on a similar journey!
If you're an enthusiast, a pro, or just Bitcoin-curious like me, I'd love to hear from you.
Tips, stories, or even a simple “You got this!” are always welcome.
Let’s unravel this digital mystery together! 🤓
#Introduction
Hahaha I have been on the app for 1hr and I have had my mind bent 164 times 😂 You are right, thinking long term is the solution. Would you rather have a sweet now, or two later? Think long term 🙌
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Notes by sebastian | export
THE 7 STAGES OF BEING A BITCOINER 1. Shock and Denial Bitcoin: "Wait, how can a digital currency actually be real money? This must be a fad." 2. Pain and Guilt Bitcoin: "Why didn’t I buy it earlier? How could I have ignored it when it was under £1,000? Now it's too late…" 3. Anger and Bargaining Bitcoin: "The government! The banks! Why don't they just adopt Bitcoin already?! Maybe if I sell a bit now, I'll feel better." 4. Depression Bitcoin: "The price crashed again… Why do I even bother checking my portfolio?" 5. The Upward Turn Bitcoin: "Hey, the price is stabilizing. HODL was a good move after all!" 6. Reconstruction and Working Through Bitcoin: "Okay, I’m going to learn more about blockchain tech, maybe even start using Lightning Network for transactions. I get it now." 7. Acceptance and Hope Bitcoin: "Bitcoin is inevitable. I’ll ride out the waves. In the long run, it’s the future of money." #BTC #Bitcoin #Crypto #BitcoinCommunity #HODL #BitcoinNews #BitcoinAdoption