The Bank for International Settlement #BIS's annual economic report (june22 of 138 pages) proves every single word in the #Bitcoin white paper ⚡️bitcoin.org/en/bitcoin-pap…
If you think the fiat world is ugly now.
It's only getting uglier.
OK info about this report:
+ Highlighted some of the risks within the shitcoinery world (stable coins, crypto, Defi)
+ Confirmed that all shitcoins are copying #Bitcoin and following its behavior
+ Attacking lack of regulations leading to rug pulls like Terra Luna
+ USDT risk
Negative info about this report:
The mainstream propaganda is getting outrageously worse. They're painting the savior picture, again. While all our CBDC concerns seem to be inevident.
This report proves Bitcoin's ethos.
This makes me more convinced that the only attack vector that would weaken #BTC won't ever happen.
The world monetary system has failed since the 1st modern financial crisis in 1720.
The Fiat world will continue working against us.
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"We're hearin about #Lebanon's economic situation.
Vs.
We're seein a crazy clubbin nightlife on social media.
How r people goin out & spendin given the disastrous Lebanese situation?" @TheRealTahinis
Ali asked me this Q yesterday on Clubhouse, and I answered briefly:
⫸Thread⫷
- Lebanon's post-war era (1990-Present) vs. the three main sectors of the economy (Agriculture, Manufacturing & Services) that haven't been built neither for self-sufficiency nor for export.
- How lively Lebanese are by nature.
- How luxurious cars in Leb are bought on credit.
- How Lebanese like to enjoy life at the expense of being realistic sometimes.
- How most Lebanese families in Lebanon have family members that are abroad working as expats worldwide. These Lebanese expats do send hard currencies to their families.
Countries are working on their own #DigitalCurrency. "Having a centralized digital currency seems like a more soft-touch way of introducing cryptocurrencies into society." this serves #BTC's price and ideology.
As of 2016, over 24 countries are investing in distributed ledger technologies (DLT) with $1.4bn in investments. In addition, over 90 central banks are engaged in DLT discussions, including implications of a central bank-issued digital currency. en.wikipedia.org/wiki/Digital_c…
Innovators like Ecuador, China, Senegal, Singapore, Tunisia, though these countries will not be standing alone for long with Estonia, Japan, Palestine, Russia and Sweden looking to launch their own national cryptocurrencies. bit.ly/3t4JkZA