Hey Jessmaximalists
Plenty of cryptocurrency enthusiasts like myself are enjoying the benefits of getting into the Bitcoin and crypto space early; we can naturally see where this is all going, and it gets us excited I get that. In my first few years as a Bitcoiner.
I would say I was super evangelistic trying to spread the good news and getting people involved in the space. It fell on deaf ears as many of you can imagine.
I thought you know its a marketing problem, it's hard to understand its difficult to use, it's alienating for people and we need better messaging and marketing, and absolutely I agree with that. As the ease of use gets better and the messaging becomes clearer people will "get it" and want to get involved.
We have much to do in marketing and education department, and while I am enjoying the content I get not everyone wants to read all the white papers and get involved in all the tech talk, they want the working product, and that's it.
Bitcoin for beginners
I do think Bitcoin "lite" will become a thing soon and people will buy custodial Bitcoin, and use apps for normies to get started and then hopefully more will dive deeper.
I think the best marketing is always a high-quality product; it tends to sell itself, so as wallets get easier to use, and more vendors accept it, it begins to amplify the marketing and messaging.
Many people have now heard about Bitcoin, but it hasn't sucked in as many people as we would have imagined, yet.
Central banks are pushing people into Bitcoin
As countries around the world debase their currencies faster each year, more people are starting to wake up, to smell something fishy. When you can speak about printing trillions on any given day, and people are desensitized to it, it's only a matter of time before quintillions become a thing.
Each time a new batch of inflation is created and added to the economy, be it the financial economy or real economy, it ads more units to a smaller system. As GDP plummets, there is less productivity divided by more units and fewer people getting access to the units.
It doesn't take a math genius to realise that this unsustainable and money buys you less and wages don't rise fast enough people are going to start looking around.
The advertising continues
If you check out this video by the IMF Annual Meetings, Kristalina Georgieva calls for action to ensure a durable recovery and resilient future as countries adapt to structural transformations brought on by climate change and the new digital and knowledge economy.
I went through the video, so you don't have to, man this lady is boring as shit. But what she said was the IMF is backing as many loans as developing nations can carry to fund developed nations debt and move all that debt to shitty currencies which will collapse to prop up the rest of the world.
Basically, what we're doing now but turned up to 11, no limits, they are going to commit to hyperinflation in developing nations first and print without a debt ceiling, until they can launch a full CBDC (central bank digital currency) by 2025.
The more they print, the more they push the bottom 50% into poverty, the more people on edge will look for an escape and ar ease valve. The more currency units created pushing into Bitcoin which has so few currency units, the more the price rises, the more Bitcoin shoots up in this QE low-interest-rate environment, the more people FOMO in.
It's a simple and effective marketing strategy, and I applaud the central banks for doing some of our advertising for us. For every trillion they create, they push a few thousand. People to become Bitcoiners.
Individuals, businesses have already moved to a Bitcoin standard, and I am sure it's only a matter of time before one of these smaller nations getting crushed under a fiat system decides to come on board too.
This is a ground-up movement, a revolution, we might seem like radicals its and anarchists now, but so did every civil right and freedom-loving movement in history.
Have your say
What do you good people of HIVE think?
So have at it my Jessies! If you don't have something to comment, comment "I am a Jessie."
Let's connect
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