“If you fold a piece of paper 50 times, how tall is it?”
Most people guess 2 inches.
It’s goes to the sun.
Technology advances faster than we can comprehend. Meaning the world is going to need #bitcoin sooner than it thinks.
The Price of tomorrow in 10 tweets:
Most people guess 2 inches.
It’s goes to the sun.
Technology advances faster than we can comprehend. Meaning the world is going to need #bitcoin sooner than it thinks.
The Price of tomorrow in 10 tweets:
Rapid technological progress:
Leads to increased efficiency, allowing businesses to produce more for less. (lowering prices)
We’re a only seeing a fraction of the deflation thats going on because the broken fiat system.
Leads to increased efficiency, allowing businesses to produce more for less. (lowering prices)
We’re a only seeing a fraction of the deflation thats going on because the broken fiat system.
Innovation Driving Down Costs Down to Production:
The more tech that comes onto the market the more opportunities to innovate
Positive exponential feedback loop
The more tech that comes onto the market the more opportunities to innovate
Positive exponential feedback loop
Globalization:
Increased interconnectedness through globalization allows access to cheaper resources and labor
We used to have send gold via ships, then airplanes, now bitcoin
Increased interconnectedness through globalization allows access to cheaper resources and labor
We used to have send gold via ships, then airplanes, now bitcoin
Competitive Pressures:
Businesses in a deflationary environment face intense competition
If you decide not to use the technology, you will get left behind.
Businesses in a deflationary environment face intense competition
If you decide not to use the technology, you will get left behind.
Consumer Empowerment:
Tech lowers price points,
Enabling us to buy more goods with the same amount of money.
But also for the first time in history,
We have a deflation currency
#Bitcoin
Marketplace is getting cheaper, while your savings are becoming more valuable.
Tech lowers price points,
Enabling us to buy more goods with the same amount of money.
But also for the first time in history,
We have a deflation currency
#Bitcoin
Marketplace is getting cheaper, while your savings are becoming more valuable.
Entrepreneurial Opportunities:
Lower costs of starting and running businesses
Ex: write bitcoin and fitness content on twitter for free
Attracting 13k followers that have a problem, you can solve.
Only cost is time, anyone can do it.
Lower costs of starting and running businesses
Ex: write bitcoin and fitness content on twitter for free
Attracting 13k followers that have a problem, you can solve.
Only cost is time, anyone can do it.
Democratization of Prosperity:
Deflation distributes wealths more equally as increased efficiency + lower costs benefit a broader segment of the population.
Example: even the lowest class has iPhones.
Deflation distributes wealths more equally as increased efficiency + lower costs benefit a broader segment of the population.
Example: even the lowest class has iPhones.
Breaking the Debt Cycle:
In a deflationary scenario, the burden of debt becomes real instead of relying on money printer.
Forcing a shift towards responsible financial practices avoiding bubbles.
(Boom bust cycles are human greed and fear. Not naturally occurring events)
In a deflationary scenario, the burden of debt becomes real instead of relying on money printer.
Forcing a shift towards responsible financial practices avoiding bubbles.
(Boom bust cycles are human greed and fear. Not naturally occurring events)
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