BITCOIN: Several communities are finding value in bitcoin — transmittal, micropayments, and inflation protection

Block Inc. Survey Addresses Misconceptions About Bitcoin: Report
By Shawn Amick

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Block, a Bitcoin-oriented financial services firm previously known as Square, just released Bitcoin: Knowledge and Perception, a report detailing a survey of 9,500 participants conducted through a partnership with Wakefield Research to address common misconceptions about bitcoin.

Throughout the questionary, some interesting insights were shared such as:

  • 88% of the respondents are aware of Bitcoin.
  • 73% of no-coiners who know a bitcoiner, are likely to buy bitcoin.
  • The percentage of people optimistic about bitcoin’s future is slightly higher for high-income individuals.
  • Asia has the highest optimism in bitcoin’s future.
  • Adoption is significantly higher on countries with high inflation.
  • 51% of the people not buying it, don’t know enough about it.

There is definitely an area of opportunity in improving education to gain further adoption.

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IMHO as a gun owning pro-life pro-choice little L libertarian, bitcoin is a way to bring “financial” liberty to “We, The Sheeple”.

As soon as all the bitcoins are mined, it should be an ever increasing in value “commodity”.  The genius part is the fixed supply. Gooferment can’t “inflate” it.

I hope we see more competition with the fiat monies of the world (i.e., it is worth what I say it’s worth because I say so).



BITCOIN: Bitcoi … … makes sanctions quite ineffective

Bitcoin is a free and open monetary network, accessible by anyone — which makes sanctions quite ineffective.
MAR 31, 2022

  • This is a guest post by Dominic Collard. Opinions expressed are entirely their own and do not necessarily reflect those of BTC Inc or Bitcoin Magazine.

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Almost half of Russia’s $630 billion reserves have been seized by foreign governments since the invasion of Ukraine. It was relatively easy to do given modern financial infrastructure.

The mainstream temptation is to react favorably to this move. Russia will be poorer and so less able to fund its war. The baddies lose, the goodies win.

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The Bitcoin community risks confirmation bias by not thinking through the full implications. It would be naive to think there is only upside. They say Bitcoin changes people; that it is “F-you money” and with it you are no longer beholden to anyone. But what if the person, or the government, with bitcoin needs to be held down. What then?

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Maybe I’ve become to cynical of all the politicians and bureaucrats.  I wouldn’t assign labels of “baddies” or “goodies” to anyone.  Just a lot of gray.

That being said, I think — as the Canadian Truckers demonstrated — “We, The Sheeple” should be more afraid of “our” Gooferment than some one a great distance away.

“Would you tell me please, Mr. Howard, why should I trade one tyrant three thousand miles away for three thousand tyrants one mile away? An elected legislature can trample a man’s rights as easily as a king can.” Mel Gibson as the character Benjamin Martin in the movie The Patriot

“Think locally; act locally.” — BrionMcClanahan (where I first heard it)