#WhyBitcoin

[byronbenito]

Reposted from @bitcoin.page Follow @intelligentcryptocurrency for the best crypto content, tips and updates). The Ethereum market cap is now bigger than Mastercard, nVidia, BOA, Nestle, Disney and Paypal. Do you own any ETH? Follow @intelligentcryptocurrency for the best crypto content, tips and updates. 🚀🚀🚀 Follow @intelligentcryptocurrency for the best crypto content, tips and updates. 🚀🚀🚀 #investing #investor #bitcoin #buybitcoin #stacksats #buybitcoin #whybitcoin #beyourownbank #buybtc #lovebitcoin #reasonstobuybitcoin #reasonstoownbitcoin #bitcoininvesting #investinbitcoin #bitcoininvestor #millionaire #billionaire #millionairetips #millionairesofinstagram #notfinancialadvice (en Guayaquil, Ecuador) https://www.instagram.com/p/COrmnOnlaFU/?igshid=we5kbeqkvki8

[cryptoexplorer]

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[brettzjacksonblog]

Capital Controls in Argentina May Drive Bitcoin Adoption

When a government decides to restrict what people can do with their own money, there is usually some backlash. Argentina is doing exactly that to prevent capital flight as the local currency crashes. The move is likely to encourage more people to use Bitcoin to circumvent the restrictions as they have done in other nations.

Central Bank Clamps Down

On Sunday the central bank levied restrictions on businesses following a decline of over 25% in the value of the peso since local elections last month. According to the FT the Argentine central bank (BCRA) will require exporters to repatriate revenue from sales abroad. Additionally all companies and banks must seek authorization to sell pesos for foreign currency. Individuals would be limited to purchases of just $10,000 per month. The move has come after the BCRA lost $3 billion in reserves late last week.

On Wednesday last week rating agency Standard & Poor’s classified a default on Argentina’s announcement to defer over $100 billion in debt. When President Mauricio Macri took power in late 2015 he abolished capital controls which had been holding the country back since 2011.

This latest move is a step backwards for the economy which has been floundering since mid-August when the S&P Merval Index plunged almost 50% in dollar terms.  This marked the second largest one day rout on any of the 94 stock exchanges Bloomberg has tracked since the 1950s.

The stock market has continued to plunge with concern over the prospects of a return to populism in Argentina. The government’s reaction at the weekend has been an attempt to prevent further economic volatility, an official announcement read;

“Given diverse factors that affected the evolution of the Argentine economy and the uncertainty caused in the financial markets, the [government] considered it necessary to adopt a series of extraordinary measures aimed at assuring the normal working of the economy, sustain the level of [economic] activity and employment, and to protect consumers,”

Bitcoin advocate Alex Krüger was not amused;

Governments have a knack for telling people what they can and can't do with their money.#WhyBitcoin

Taxes are understandable, quotas unacceptable.

— Alex Krüger (@krugermacro) September 1, 2019

Bitcoin Adoption The Answer

Argentinians could look towards China for solutions on subverting state capital controls. The Chinese are still big on Bitcoin despite every effort from the government to quash it. Peer to peer trading has increased there and it appears to be on the rise in Argentina also.

Localbitcoins volume for ARG peso – Coin.dance

According to coin dance volume on local bitcoins for the Argentine peso has surged this year. It peaked in July topping $15 million for the week and has been high in August at over $12 million. With this latest restriction on financial flows, investors and businesses will be looking at alternative methods of moving money and Bitcoin could be the answer to their problems.

Image from Shutterstock

The post Capital Controls in Argentina May Drive Bitcoin Adoption appeared first on NewsBTC.

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[michaelbennettcrypto]

Capital Controls in Argentina May Drive Bitcoin Adoption

When a government decides to restrict what people can do with their own money, there is usually some backlash. Argentina is doing exactly that to prevent capital flight as the local currency crashes. The move is likely to encourage more people to use Bitcoin to circumvent the restrictions as they have done in other nations.

Central Bank Clamps Down

On Sunday the central bank levied restrictions on businesses following a decline of over 25% in the value of the peso since local elections last month. According to the FT the Argentine central bank (BCRA) will require exporters to repatriate revenue from sales abroad. Additionally all companies and banks must seek authorization to sell pesos for foreign currency. Individuals would be limited to purchases of just $10,000 per month. The move has come after the BCRA lost $3 billion in reserves late last week.

On Wednesday last week rating agency Standard & Poor’s classified a default on Argentina’s announcement to defer over $100 billion in debt. When President Mauricio Macri took power in late 2015 he abolished capital controls which had been holding the country back since 2011.

This latest move is a step backwards for the economy which has been floundering since mid-August when the S&P Merval Index plunged almost 50% in dollar terms.  This marked the second largest one day rout on any of the 94 stock exchanges Bloomberg has tracked since the 1950s.

The stock market has continued to plunge with concern over the prospects of a return to populism in Argentina. The government’s reaction at the weekend has been an attempt to prevent further economic volatility, an official announcement read;

“Given diverse factors that affected the evolution of the Argentine economy and the uncertainty caused in the financial markets, the [government] considered it necessary to adopt a series of extraordinary measures aimed at assuring the normal working of the economy, sustain the level of [economic] activity and employment, and to protect consumers,”

Bitcoin advocate Alex Krüger was not amused;

Governments have a knack for telling people what they can and can't do with their money.#WhyBitcoin

Taxes are understandable, quotas unacceptable.

— Alex Krüger (@krugermacro) September 1, 2019

Bitcoin Adoption The Answer

Argentinians could look towards China for solutions on subverting state capital controls. The Chinese are still big on Bitcoin despite every effort from the government to quash it. Peer to peer trading has increased there and it appears to be on the rise in Argentina also.

Localbitcoins volume for ARG peso – Coin.dance

According to coin dance volume on local bitcoins for the Argentine peso has surged this year. It peaked in July topping $15 million for the week and has been high in August at over $12 million. With this latest restriction on financial flows, investors and businesses will be looking at alternative methods of moving money and Bitcoin could be the answer to their problems.

Image from Shutterstock

The post Capital Controls in Argentina May Drive Bitcoin Adoption appeared first on NewsBTC.

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[cryptomaniaks-blog]

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[salvisalvatorevicidomini]

Long Term curve of #BitCoin (#BitStamp) ... IN ....#Perchè #nacque il BitCoin? #Cause #sociali, di #costume, #finanziarie, #economiche, #politiche. .... #WhyBitCoin was #born? #social, #economic, #politics, #financial #causes. LINK - https://www.researchgate.net/publication/320490915 {#cryptomarket #markets #chart #analysis #Ethereum #LiteCoin #Ripple#cryptocurrency #digitalcoin #cryptocoin #blockchain #cryptoeconomy#mining}. https://lnkd.in/eBCjCtf 

[unpluggedfinancial]

Why Bitcoin Over Others?

In a world where thousands of cryptocurrencies seem to appear overnight, it’s easy to lump them all together and label them “just another digital coin.” But doing so misses a crucial point: not all digital assets are created equal. Bitcoin, the original cryptocurrency, stands distinctly apart from the rest. Its history, security, decentralization, and unwavering principles set it on a pedestal far above the flood of imitators. Today, we’ll explore what makes Bitcoin so special—and why it remains the cornerstone of the entire crypto movement.

1. Immaculate Conception and Fair Launch Bitcoin emerged during the aftermath of the 2008 financial crisis, introduced by an unknown individual or group under the pseudonym Satoshi Nakamoto. Unlike many cryptocurrencies that began with pre-mines, venture capital backing, or a charismatic founder front and center, Bitcoin was offered to the world at large with no special advantages for early insiders. Its code was released as open-source software, and anyone could join, mine, and participate. This clean, decentralized birth means there’s no central authority pulling the strings—just a global, diverse community contributing to its growth.

2. Proven Security and Longevity One of the greatest strengths of Bitcoin is its track record. For over a decade, it has operated without needing to “restart” or rewrite its ledger, all while withstanding countless hacking attempts and periods of extreme volatility. Its security model, powered by a vast network of miners performing billions of computational operations per second, has made it incredibly resistant to attacks. This longevity and resilience place Bitcoin in a unique category—no other digital asset has maintained such unshakeable network security for so long.

3. True Decentralization Decentralization is a buzzword often tossed around, but few truly deliver. Bitcoin’s network is spread across the entire globe, with miners, node operators, and developers from all walks of life. No government, company, or consortium controls the network; transactions require no permission and no central gatekeeper. Other cryptocurrencies frequently rely on small teams, foundation boards, or single points of failure. Bitcoin’s decentralized architecture ensures it remains censorship-resistant, neutral, and truly belongs to everyone and no one.

4. Predictable Monetary Policy At the heart of Bitcoin’s monetary policy is a simple but powerful principle: scarcity. There will never be more than 21 million bitcoins, a limit enforced by Bitcoin’s code. This fixed supply contrasts sharply with fiat currencies, which central banks can inflate at will, and with many cryptocurrencies that tweak their monetary policy mid-flight. The reliability of Bitcoin’s halving cycles—where the reward for mining new coins is cut in half roughly every four years—imposes discipline and predictability. This scarcity and transparency help position Bitcoin as “digital gold,” a store of value that transcends borders and politics.

5. Network Effects and Brand Recognition Bitcoin’s first-mover advantage has allowed it to capture the imagination of individuals, institutions, and even some governments. Over time, it has built an unparalleled brand, becoming shorthand for the very concept of digital money. As a result, infrastructure—from exchanges and custodial services to payment processors and lending platforms—has matured around Bitcoin first. Its network effects are self-reinforcing: the more people use and trust Bitcoin, the more robust and valuable it becomes, further attracting new users.

6. Conservative Upgrades and Steady Evolution Unlike many projects that chase trends, implement flashy features prematurely, or pivot narratives every few months, Bitcoin evolves slowly and deliberately. Changes to the Bitcoin protocol undergo intense scrutiny and thorough debate before being adopted. This conservative approach preserves the network’s stability and reliability. Instead of overhauling the system haphazardly, Bitcoin relies on Layer 2 solutions like the Lightning Network to improve efficiency and speed without compromising core principles.

7. A Cultural and Philosophical Touchstone Beyond technology, Bitcoin represents an idea—a rejection of the status quo of endless money printing, centralized oversight, and financial exclusion. It’s a rallying point for those who value privacy, autonomy, sound money, and freedom from the arbitrary decisions of central authorities. This cultural and philosophical dimension is something many altcoins lack. While others may attempt to graft meaning onto their projects, Bitcoin naturally embodies these principles through its origin story, infrastructure, and committed global community.

Conclusion: The Gold Standard of Digital Assets As the cryptocurrency landscape continues to expand, it’s crucial to separate substance from hype. While plenty of coins promise faster transactions, flashy features, or quick gains, few can claim the foundation of trust, resilience, and true decentralization that Bitcoin offers. Bitcoin isn’t just another coin; it’s the benchmark by which all other digital assets are measured.

In choosing Bitcoin over others, you aren’t merely picking a cryptocurrency—you’re aligning yourself with a robust, time-tested network built on transparency, fairness, and sound monetary principles. Amidst an ever-growing sea of digital assets, Bitcoin remains the unwavering beacon lighting the way toward financial sovereignty.

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