Thread
More Lebanese are turning to bitcoin as they wake up from the ridiculous delusion that their kleptocratic banking system can be reformed & their money returned.
www.cnbc.com/2022/11/05/-in-bankrupt-lebanon-locals-mine-bitcoin-and-buy-groceries-with-tether.html
www.cnbc.com/2022/11/05/-in-bankrupt-lebanon-locals-mine-bitcoin-and-buy-groceries-with-tether.html
Lebanon is an example of how bitcoin adoption happens the hard way.
While the fiat ponzi works, normies laugh at it & at the early adopters.
"But it doesn't even pay you interest!" my university colleagues would laugh as they collected 10%+ on their deposits that are now gone.
While the fiat ponzi works, normies laugh at it & at the early adopters.
"But it doesn't even pay you interest!" my university colleagues would laugh as they collected 10%+ on their deposits that are now gone.
When the fiat ponzi stops working, the brighter normies begin to use bitcoin out of necessity. The older and more fiat-brained continue to believe the thieves who ran the ponzi scheme will manage to somehow bring it back out of thin air.
Meanwhile, the politicians, bankers, intellectuals, and con artists who made their power & fortune in the fiat casino continue to insist bitcoin is a scam & you must keep using their fiat ponzi which they assure you they can reform if only you give them more power
While the politicians, bankers, intellectuals, and con artists pontificate on why bitcoin is bad and how to reform the fiat ponzi you must continue using, their own money is in foreign bank accounts and assets, of course.
The sad realization is that there will likely never be a mass adoption moment where everyone drops their fiat for bitcoin.
Fiat will just continue to lose value & make its users destitute & its banks unusable. Bitcoiners will just be the minority that's able to save or trade.
Fiat will just continue to lose value & make its users destitute & its banks unusable. Bitcoiners will just be the minority that's able to save or trade.
Mentions
There are no mentions of this content so far.






