Why Fiat Experts Don’t Get Bitcoin
There are various reasons traditional experts do not understand bitcoin and thus have negative views on it.Bitcoiners And Fiat ExpertsSociety has conditioned us to listen to experts. They teach us what to eat, what to learn, how to exercise, how to raise our children and how to care for the environment. We think they know better, that they have our best interests at heart. After all, they have fancy titles, decades of experience, appear in mainstream media and have tons of followers. Many of them even work in organizations that have "World" in the name. How prestigious is that!? We....
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An understanding of what bitcoin is, how it works and its various features and benefits have, in the bitcoin space, traditionally been viewed as a key component of mainstream adoption. How can the general public be expected to switch from things like PayPal, fiat, Visa etc., if they don’t understand how what they are switching to works? There is some common sense in this view. Individuals who lack an understanding of cryptocurrency are more often than not intimidated by its seeming complexity, and this puts them off using it to transact. The conclusions of a recent study, however, go....
Binance founder and CEO Changpeng Zhao is placing his bets on crypto. Changpeng Zhao, founder and CEO of the largest global cryptocurrency exchange Binance and one of the world’s top crypto billionaires, does not own much except crypto.“I’m one of those guys who value liquidity much more than owning something. I actually prefer not to own anything,” Zhao said in a Bloomberg interview on Wednesday.He noted that various cryptocurrencies like Bitcoin (BTC) now make up nearly 100% of his entire net worth as he does not own any real estate or much fiat holdings. When asked how much of his net....
Introducing Bitcoin to the family is no easy task. The same goes for close friends and sometimes even your partner. The discussions can be daunting and sometimes fall to the wayside. Some even find their way into ridiculous theories of absurdity. Why is it so hard to explain Bitcoin to others? Most likely it is because people don’t understand the concept....
The new digital yuan, currently undergoing trials, can help to increase the international usage of China’s national fiat, experts have stated. As the renminbi (RMB, CNY) is becoming one of the world’s most important currencies, the People’s Bank of China is planning to conduct cross-border tests with the yuan’s digitized version, the e-CNY. Digital Yuan to Facilitate ‘Renminbi Internationalization’ The digital yuan will further promote the process of “internationalization” of the renminbi, Chinese experts believe. This can happen when the....
The two billionaires suffer from the same fiat illusion that keeps them from accepting and understanding a bitcoin standard.