The Bitcoin Halving, Economics & Future Communities
THE BITCOIN HALVING
Depending on your current level of BitCoin knowledge our MD George Siosi Samuels, uses the analogy of three Archetypes in Episode 86 of the It Will Come Show to explain their intricacies. Each representing the three BitCoin 'brands' BTC, BCH, and BSV. Respectively, Bitcoin Core, Bitcoin Cash, and Bitcoin Satoshi Vision.
Out of the three, at Faiā we focus on BSV for the following reasons:
1. Scalability. The ability for the protocol to scale globally and help millions, if not billions of people. It's exciting because of BSV's potential to grow exponentially.
2. Utility. The practicality and usability of BitcoinSV to be used to make the world a better place. Especially communities. For example, social media platforms powered by BitcoinSV where users own their data such as Twetch
3. People. The intelligent and talented people who are contributing to building upon BSV fills me with optimism for the future. In fact, we are building a stealth project ourselves. We are announcing details in October. Watch this space!
With respect, I encourage you to do your own research and make your own mind up about what resonates with you. After all, Perception is reality, right?
Critical thinking and discernment are much-needed, perhaps more now than ever. The Bitcoin Halving is an external event that doesn't necessarily effect our internal focus is. The price of BTC at $1K, $10K or $100K doesn't matte, to me, because it's not based upon any strong foundation - just market speculation. Whereas Bitcoin Satoshi Vision is building upon solid foundations and a vision that we are connected with. It's certainly exciting.
For a deeper dive into BitcoinSV (BSV) please visit the Bitcoin Wiki here. Brendan Lee, Faiā advisory board member, was instrumental in creating this valuable knowledge source.
Also, if you'd like to learn more about Bitcoin in more context please feel free to watch EP86 of the It Will Come Show The 3 Brand Archetypes That Impact Bitcoin Communities & Adoption here.
Due to the current status of the world, it's forcing us to pause. People who have not thought about how the economy affects their life are starting to think about it more. This pandemic highlights how inter-connected we all are with the mechanics of the economy or 'The Economic Machine' as explained by Ray Dalio, a world class investor and founder of Bridgewater Associates. This is a good thing because by gaining a greater understanding of the system we are living in. We can become more astute at navigating inevitable challenges.
"Real knowledge is to know the extent of one's ignorance" - Confucius
In North America the national debt is $25 Trillion USD. The current debt-based financial system means that future American citizens, and their children, are indebted to society. Their future labour must pay for this current debt. When will this be paid off? When will it end? By learning about economics and improving our knowledge can we then begin to create solutions. I recommend you watch How the Economic Machine Works, by Ray Dalio:
In times like these being a lone wolf, so to speak, is no fun. Being part of a community is paramount to not only your success, but the success of the community. By finding your community, online and offline (once lockdown easing happens of course) you'll be in a powerful place to change your situation, for the better. It's always a choice. A perspective. Thinking about your current position is good. Although most important is that first step. Taking action is key. If you're interested in contributing to a future community and would like to know more about our Productivity Accelerator and Accountability group The Pack. Please feel free to take a sneak peek at what it's like by entering The 'Lobby' where you can experience the feel of being a member.
PS. Why not have quick read of the blog post our team member Kirby wrote about his experience moderating a virtual conference: 5 Lessons