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Why don't governments buy bitcoin, solana, or others to pay their external debt?
Responding to an anonymous question — it seems logical at first glance, but in practice it has several very serious structural problems. Let's explain it👇
🧠 Can external debt be paid with crypto?
👉 In theory (only in theory): yes, but indirectly
👉 In practice: it is not feasible as a country strategy and in some cases it is not applicable
A country could:
Buy
Then sell them for dollars
Use those dollars to pay debt
👉 But this is where the problems start 👇
🧠 Can external debt be paid with crypto?
👉 In theory (only in theory): yes, but indirectly
👉 In practice: it is not feasible as a country strategy and in some cases it is not applicable
A country could:
Buy
Then sell them for dollars
Use those dollars to pay debt
👉 But this is where the problems start 👇
HOW TO AVOID SCAMS IN P2P: DEPOSIT IN FIAT
Many in this world of crypto feel vulnerable to what is today called "scams" since many take advantage of the fact that many traders need their assets in the wallet and exploit this to insert their malicious tentacles into transfers. Today I am going to provide a sort of tutorial on how to avoid scams in p2p, because sometimes this option can be somewhat dangerous;
1. Open your Binance wallet
2. Enter your username and password
3. Go to the "deposit" option
4. Then go to where it says in Colombia "deposit in COP" or your local currency.
1. Open your Binance wallet
2. Enter your username and password
3. Go to the "deposit" option
4. Then go to where it says in Colombia "deposit in COP" or your local currency.
#Fiat et cryptocurrency #
Understanding the difference between fiat (fiduciary) currency and cryptocurrency is essential to grasp how the global financial system is evolving. Here is a detailed summary to compare these two forms of value.
🏦 Fiat Currency (Fiduciary)
The term "fiat" comes from Latin and means "let it be done". It is a currency decreed by a government.
* Central Authority: Issued and regulated by central banks (e.g., ECB for the Euro 🇪🇺, Fed for the Dollar 🇺🇸).
* Value: It does not rely on a commodity (like gold), but on the trust of citizens in the state and the stability of the economy.
* Form: Physical (banknotes 💵, coins 🪙) and digital (bank balances).
* Control: Governments can print more money, which can lead to inflation 📈.
💻 Cryptocurrency
Emerging in 2009 with Bitcoin, it is a digital currency based on cryptography.
* Decentralization: It does not depend on any central bank. Transactions are verified by a network of computers (nodes) distributed around the world 🌍.
* Technology: Based on Blockchain ⛓️, a public, immutable, and transparent ledger.
* Limited supply: Many cryptos (like Bitcoin) have a fixed maximum supply (21 million), making them mathematically deflationary 📉.
* Accessibility: Allows for fast and borderless transfers, 24/7, without a banking intermediary.
The evolution of these two systems raises exciting questions about the future of the economy. To delve deeper, what would you like to start with?
* The functioning of Blockchain: Understanding the technology that secures cryptos.
* Inflation and money supply: Why fiat currency loses value over time.
* Stablecoins and CBDCs: How the fiat world and the crypto world are beginning to merge.
Understanding the difference between fiat (fiduciary) currency and cryptocurrency is essential to grasp how the global financial system is evolving. Here is a detailed summary to compare these two forms of value.
🏦 Fiat Currency (Fiduciary)
The term "fiat" comes from Latin and means "let it be done". It is a currency decreed by a government.
* Central Authority: Issued and regulated by central banks (e.g., ECB for the Euro 🇪🇺, Fed for the Dollar 🇺🇸).
* Value: It does not rely on a commodity (like gold), but on the trust of citizens in the state and the stability of the economy.
* Form: Physical (banknotes 💵, coins 🪙) and digital (bank balances).
* Control: Governments can print more money, which can lead to inflation 📈.
💻 Cryptocurrency
Emerging in 2009 with Bitcoin, it is a digital currency based on cryptography.
* Decentralization: It does not depend on any central bank. Transactions are verified by a network of computers (nodes) distributed around the world 🌍.
* Technology: Based on Blockchain ⛓️, a public, immutable, and transparent ledger.
* Limited supply: Many cryptos (like Bitcoin) have a fixed maximum supply (21 million), making them mathematically deflationary 📉.
* Accessibility: Allows for fast and borderless transfers, 24/7, without a banking intermediary.
The evolution of these two systems raises exciting questions about the future of the economy. To delve deeper, what would you like to start with?
* The functioning of Blockchain: Understanding the technology that secures cryptos.
* Inflation and money supply: Why fiat currency loses value over time.
* Stablecoins and CBDCs: How the fiat world and the crypto world are beginning to merge.
How to withdraw crypto directly in bank account as fiat (rs. or $)
1. The cryptos can be available in any wallet like funding wallet, spot wallet, earn wallet, etc. to withdraw directly into bank account, we need the crypto in funding wallet (which can be transferred from other wallets without any fee).
2. if you have multiple cryptos, convert them all into usdt.
3. Now go to p2p trading from menu and select 'sell' option. Search for the appropriate buyer of your crypto by seeing their conversion rates, how much money they can pay you upto, and upto how much crypto they can buy (it is shown in ranges).
4. Select the right buyer accordingly and click sell. Enter your crypto amount and initiate the transaction.
5. Now wait for buyer to pay you money in your bank account.
6. After you receive money, confirm the payment. Binance will ask for an authenticator app (Google Authenticator) to be enabled for security. Enable it and it will give you a 6digit code to be provided in binance crypto release page. But before that, binance will give you a long code to be pasted in authenticator to generate your 6 digit code.
7. Put the code in binance crypto release page and release the crypto.
#crypto #coin #bitcoin #CryptoWithdrawals #fiat
$CKB
1. The cryptos can be available in any wallet like funding wallet, spot wallet, earn wallet, etc. to withdraw directly into bank account, we need the crypto in funding wallet (which can be transferred from other wallets without any fee).
2. if you have multiple cryptos, convert them all into usdt.
3. Now go to p2p trading from menu and select 'sell' option. Search for the appropriate buyer of your crypto by seeing their conversion rates, how much money they can pay you upto, and upto how much crypto they can buy (it is shown in ranges).
4. Select the right buyer accordingly and click sell. Enter your crypto amount and initiate the transaction.
5. Now wait for buyer to pay you money in your bank account.
6. After you receive money, confirm the payment. Binance will ask for an authenticator app (Google Authenticator) to be enabled for security. Enable it and it will give you a 6digit code to be provided in binance crypto release page. But before that, binance will give you a long code to be pasted in authenticator to generate your 6 digit code.
7. Put the code in binance crypto release page and release the crypto.
#crypto #coin #bitcoin #CryptoWithdrawals #fiat
$CKB
As uncertainty regarding the #fiat and the economic projection of the cycle moderates... capital will rotate from #gold to other assets with higher volatility, including #bitcoin, as has happened in the past ✅
If it happens at 2%, the price of #bitcoin will reach 161,300 dollars 🎯
Gold will not cease to be a refuge just because it corrects or lateralizes... this is necessary for an organic price rise and to avoid years of decline later ✍️
The meeting 🇺🇸 and 🇨🇳 promises to give momentum to that rotation 😉#MarketPullback #APRBinanceTGE $BTC #ChineseMemeCoinWave $BNB $SOL
If it happens at 2%, the price of #bitcoin will reach 161,300 dollars 🎯
Gold will not cease to be a refuge just because it corrects or lateralizes... this is necessary for an organic price rise and to avoid years of decline later ✍️
The meeting 🇺🇸 and 🇨🇳 promises to give momentum to that rotation 😉#MarketPullback #APRBinanceTGE $BTC #ChineseMemeCoinWave $BNB $SOL
📉 𝗙𝗜𝗔𝗧 𝗖𝗨𝗥𝗥𝗘𝗡𝗖𝗜𝗘𝗦 𝗜𝗡 𝗣𝗘𝗥𝗠𝗔𝗡𝗘𝗡𝗧 𝗗𝗘𝗖𝗟𝗜𝗡𝗘 💵➡️💨
🔶 𝗦𝗶𝗻𝗰𝗲 𝟭𝟵𝟳𝟭, after the collapse of the gold-backed Bretton Woods system, no country has kept inflation under 2% 📊.
🔶 𝗦𝘄𝗶𝘁𝘇𝗲𝗿𝗹𝗮𝗻𝗱 is the closest, with an average 2.2% inflation — still above the line 📍.
🔶 𝟭𝟬𝟳 𝗻𝗮𝘁𝗶𝗼𝗻𝘀 have averaged over 5%, and 𝟱𝟱 have averaged over 10% 📈.
🔶 𝗕𝗿𝗮𝘇𝗶𝗹, 𝗔𝗿𝗴𝗲𝗻𝘁𝗶𝗻𝗮, 𝗩𝗲𝗻𝗲𝘇𝘂𝗲𝗹𝗮 → near 100% currency collapse over time 💣.
🔶 𝗨𝗦, 𝗖𝗮𝗻𝗮𝗱𝗮, 𝗖𝗵𝗶𝗻𝗮, 𝗙𝗿𝗮𝗻𝗰𝗲 → averaged ~4% inflation, halving money’s value in ~18 years ⏳.
🔶 Inflation works like a hidden tax, silently eroding purchasing power every single year 💸.
💡 𝗧𝗛𝗘 𝗖𝗟𝗘𝗔𝗥 𝗧𝗥𝗘𝗡𝗗
Fiat currencies are stuck in an eternal bear market. Historically, gold and Bitcoin have acted as strong hedges against silent wealth erosion 🪙🚀.
#Fiat #US #Gold #CryptoAlert
🔶 𝗦𝘄𝗶𝘁𝘇𝗲𝗿𝗹𝗮𝗻𝗱 is the closest, with an average 2.2% inflation — still above the line 📍.
🔶 𝟭𝟬𝟳 𝗻𝗮𝘁𝗶𝗼𝗻𝘀 have averaged over 5%, and 𝟱𝟱 have averaged over 10% 📈.
🔶 𝗕𝗿𝗮𝘇𝗶𝗹, 𝗔𝗿𝗴𝗲𝗻𝘁𝗶𝗻𝗮, 𝗩𝗲𝗻𝗲𝘇𝘂𝗲𝗹𝗮 → near 100% currency collapse over time 💣.
🔶 𝗨𝗦, 𝗖𝗮𝗻𝗮𝗱𝗮, 𝗖𝗵𝗶𝗻𝗮, 𝗙𝗿𝗮𝗻𝗰𝗲 → averaged ~4% inflation, halving money’s value in ~18 years ⏳.
🔶 Inflation works like a hidden tax, silently eroding purchasing power every single year 💸.
💡 𝗧𝗛𝗘 𝗖𝗟𝗘𝗔𝗥 𝗧𝗥𝗘𝗡𝗗
Fiat currencies are stuck in an eternal bear market. Historically, gold and Bitcoin have acted as strong hedges against silent wealth erosion 🪙🚀.
#Fiat #US #Gold #CryptoAlert
Always keep an eye on your current #fiat rate. I saved some 5% on purchasing $USDC last time Trump did something funny and spontaneously got some more funds to buy the current dip.
#fiat vs #BTC
💵 Fiat vs Bitcoin
🔴 Fiat Currency
– Has no supply limit
– 30% of all dollars were printed after 2020
– Controlled by unelected bankers
🟢 Bitcoin ($BTC )
– Tightly limited supply: 21 million maximum
– Less than 5% left to be obtained
– Open, transparent and decentralized
❓Who do you trust more for the future of money?
👉 $BTC or Fiat?
💵 Fiat vs Bitcoin
🔴 Fiat Currency
– Has no supply limit
– 30% of all dollars were printed after 2020
– Controlled by unelected bankers
🟢 Bitcoin ($BTC )
– Tightly limited supply: 21 million maximum
– Less than 5% left to be obtained
– Open, transparent and decentralized
❓Who do you trust more for the future of money?
👉 $BTC or Fiat?
"BREAKING NEWS: Thousands escape bank slavery daily using this trick 👇
1️⃣ Open @HumaFinance
2️⃣ Earn 15% APY (vs banks' 0.1%)
3️⃣ Watch old bankers cry
@Huma Finance 🟣 #FIT21 #cryptouniverseofficial #MarketSentimentToday #FactCheck #fiat
1️⃣ Open @HumaFinance
2️⃣ Earn 15% APY (vs banks' 0.1%)
3️⃣ Watch old bankers cry
@Huma Finance 🟣 #FIT21 #cryptouniverseofficial #MarketSentimentToday #FactCheck #fiat
A) Suffering at 0.1% 😭
100%
B) Living at 15% 🤑"
0%
1 votes • Voting closed
Bitcoin compared to digital fiat money is freedom compared to a serfdom regime
Bitcoin, as a decentralized and censorship-resistant currency, protects financial sovereignty from the monetary subjugation of CBDCs and stablecoins, while also resisting the failures of financial institutions.
Opinion by: Simon Cain, contributor at Bitcoin Policy UK
Most jurisdictions globally are researching, developing, or deploying retail central bank digital currencies (CBDCs). If you view these as harmless digital updates in line with old-school paper money, think again. CBDCs have the potential to mean financial serfdom through a panoramic monetary world where authorities tightly control every transaction.
If you think this sounds paranoid, consider the words of Augustin Carstens, head of the Bank for International Settlements—the central bank for central banks around the world. Complaining that governments currently cannot control cash transactions, he stated that with CBDCs, "a central bank would have absolute control over the rules and regulations that will determine the use... we would also have the technology to enforce that.. that makes a huge difference to what cash is."
How “absolute control” could work
CBDCs could be programmed so that you can only buy certain things from certain people, at certain times, on specific days, or only at approved locations.#fiat
Bitcoin, as a decentralized and censorship-resistant currency, protects financial sovereignty from the monetary subjugation of CBDCs and stablecoins, while also resisting the failures of financial institutions.
Opinion by: Simon Cain, contributor at Bitcoin Policy UK
Most jurisdictions globally are researching, developing, or deploying retail central bank digital currencies (CBDCs). If you view these as harmless digital updates in line with old-school paper money, think again. CBDCs have the potential to mean financial serfdom through a panoramic monetary world where authorities tightly control every transaction.
If you think this sounds paranoid, consider the words of Augustin Carstens, head of the Bank for International Settlements—the central bank for central banks around the world. Complaining that governments currently cannot control cash transactions, he stated that with CBDCs, "a central bank would have absolute control over the rules and regulations that will determine the use... we would also have the technology to enforce that.. that makes a huge difference to what cash is."
How “absolute control” could work
CBDCs could be programmed so that you can only buy certain things from certain people, at certain times, on specific days, or only at approved locations.#fiat
'Bitcoin halving cycles actually coincide with global liquidity'
Why is there no connection between Taurus and Halving! (Where is the True Correlation)?
1️⃣ WHAT IS HALFING?
Bitcoin halving is the halving of the reward per new block.
On average, a block is added to the Bitcoin blockchain every 10 minutes. There is currently a reward of 6.25 bitcoins per block. This reward is halved every 210 thousand blocks (4 years on average). That's why bitcoin bull cycles generally occur every 4 years. However, if you are aware, halving is the halving of the reward in newly added blocks.
In order for it to have a real impact on the price, the previously extracted supply must be burned.
2️⃣ WHY IS HALFING IMPORTANT?
Halving is a very simple phenomenon to understand and explain.
In the simplest terms:
1- Fiat currencies are constantly printed more
2- #Bitcoin is pressed less and less as time progresses
If central banks continue to print, the price of bitcoin will continue to increase in value against these currencies. The fact that such an important phenomenon is so simple has undoubtedly accelerated the bull cycles.
So, when it comes to #fiat money supply, is there a connection between my bitcoin bull cycles and fiat money supply?
3️⃣ CORRECT CORRELATION
It's the fiat money supply that needs to be followed!
The most important correlation with Bitcoin bull cycles is the fiat money supply!
When we look at the periods dominated by not only the USA, but also the EU, Japan and China (Global M2), we see a very clear correlation. The image below actually shows us this correlation very clearly.
$BTC increase correlation with Global M2.
#halving #Yarılanma
Why is there no connection between Taurus and Halving! (Where is the True Correlation)?
1️⃣ WHAT IS HALFING?
Bitcoin halving is the halving of the reward per new block.
On average, a block is added to the Bitcoin blockchain every 10 minutes. There is currently a reward of 6.25 bitcoins per block. This reward is halved every 210 thousand blocks (4 years on average). That's why bitcoin bull cycles generally occur every 4 years. However, if you are aware, halving is the halving of the reward in newly added blocks.
In order for it to have a real impact on the price, the previously extracted supply must be burned.
2️⃣ WHY IS HALFING IMPORTANT?
Halving is a very simple phenomenon to understand and explain.
In the simplest terms:
1- Fiat currencies are constantly printed more
2- #Bitcoin is pressed less and less as time progresses
If central banks continue to print, the price of bitcoin will continue to increase in value against these currencies. The fact that such an important phenomenon is so simple has undoubtedly accelerated the bull cycles.
So, when it comes to #fiat money supply, is there a connection between my bitcoin bull cycles and fiat money supply?
3️⃣ CORRECT CORRELATION
It's the fiat money supply that needs to be followed!
The most important correlation with Bitcoin bull cycles is the fiat money supply!
When we look at the periods dominated by not only the USA, but also the EU, Japan and China (Global M2), we see a very clear correlation. The image below actually shows us this correlation very clearly.
$BTC increase correlation with Global M2.
#halving #Yarılanma
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