But what is inflation? Inflation is the process by which currencies lose value over time, causing prices of consumer goods to increase. Because most economists believe that some level of inflation is good for the economy, the U.S. government, for instance, has printed more money than consumers actually need for decades. It’s the reason that a Coke that cost a nickel a half-century ago goes for a few dollars today. 
Bitcoin, on the other hand, has generally increased in value much faster than the U.S. dollar has lost value — going from virtually worthless in 2010 to more than $20,000 in late 2020. (Because it’s a volatile market, Bitcoin has also seen dramatic spikes and declines, but the trendline over time has been upward.) This has made Bitcoin an increasingly popular hedge against fiat-currency inflation. 
The main way Bitcoin is designed to resist inflation is that its supply is limited and known, and the creation of new bitcoin will taper off over time in a predictable way. (There will only ever be 21 million bitcoin, and every four years the amount of bitcoin that is mined is reduced by half.) 
A high inflation rate for fiat currencies might lead individuals to invest more in digital money because the dollars or Euros they placed in a savings account are actually losing value over time. Bitcoin and certain other cryptocurrencies like Ethereum offer investors an alternative. The economics of the Bitcoin market are complex, but there are some features designed into the digital currency that may help it to resist inflation.
* Bitcoin can’t be manipulated by governments adjusting interest rates or printing more money to achieve policy goals. 
* Like gold and other scarce stores of value, the conventional wisdom around Bitcoin is that it should rise in price in uncertain times. (This has not always been the case, however — at the start of the COVID pandemic for instance, it fell sharply along with the stock market.) It’s also a much more convenient way to store and transmit value than gold — it can simply be sent over the internet. 
* Scarcity is one key to making a store of value resistant to inflation. There will never be more than 21 million bitcoin. As of now, approximately 19 million bitcoin have been mined. Around every ten minutes, miners process a new “block” and 6.25 bitcoin are added to the network. (In 2024, the mining reward will drop to 3.125 bitcoin, and will decline by half again every four years until all bitcoin are mined. This mechanism, which is designed into the Bitcoin protocol, is known as the halving.)  
* This scheduled tapering of new supply over time makes Bitcoin predictable in unique ways — unlike gold, no new bitcoin can ever be “discovered.” 






https://www.coinbase.com › learnWhat is inflation? | Coinbase

Bitcoin , which is often described as cryptocurrency, a digital currency.is a type of money that is completely virtual.
We can Bitcoin to buy product and services,but not all shops accept Bitcoin also some countries banned it altogether.


Bitcoin can be use to buy, send, deposit and also make withdrawals.
In Bitcoin, users can send and receive payments to or from anyone on the network without waiting for an approval from the authorities. Since Bitcoin transactions does not involve government,the cost of transaction will be low. Bitcoin user can pay for their coin anywhere when they internet access. This means those purchases Bitcoin don’t need to go bank or store to buy a product.

  Ethic is concerned with the appropriateness of human conduct. Ethic as apply here is concerned with the truth in advertising and marketing as well as reliability of moral conduct.

Investment bank is part of general business and as such it needs ethical function to perform. It is crucial for the economy because if investment banking is not conducted ethically,it will result to investment decision that will lead to waste or gross loss in the economy. It is very important because it reinforce trust and confident in customer.


Feel free to add to it..........

 It is a reality that the government has nothing to do about the youths and the new generation of the. I have realized that this country is going back, last year, something happened




       END SARS PROTESTS

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I guess the government has realized that the youth has an gene of taking the economic power from the old cargos that is ruling the country with their dead Ideas. The government don’t want to give us a chance to take what belongs to us. People died during the protest fighting for the country.


       Who’s the country. The country is the youth, but I have this strong belief that we most take what belongs to us.
 

WE ARE TAKING THE ECONOMIC POWER(YOUTH)

I think it will be a good ideas if satoshi will give us a speech on his innovation,I will kindly like yo hear the speech or comments of satoshi about bitcoin, I don’t have a particular point to mention here, He should generalize his comments in all part of his innovative(Bitcoin) this will take bitcoin to $100k and more. Every one will link to see what will happen.

We all have some advantages in bitcoin,So many people have profited in one way or the other in bitcoin world, You trade bitcoin, And make profits. We all should understand that bitcoin is that best currency in the world, the old come together through the help of bitcoin.
   

Important of bitcoin to human


1 We use bitcoin for easy transaction
2 We use bitcoin to send money across the country
3 Bitcoin is the fastest means of transactions
4 Not a physical currency, it can not be damage in a wallet.

    Bitcoin is the only currency that increase in value, All bitcoin holder has advantages now. 

I realized a world that the wise said that, When people are sleeping transactions goes down mostly at night, grate  people makes there money at night, no grate man sleep 6pm to 6 am, Bitcoin had a great value even during the COVID-19,If Covid19 happens to continue for 5 years, And the lockdown is still effective in all countries, bitcoin world have been the major currencies see as a medium of exchange, people will be afraid of going to banks of touching money from someone hands or holding physical cash, they will be really afraid of contacting Covid19,bitcoin will continue her  transactions even when the countries are not in a good state.

I do notice that some people naturally don’t allow bitcoin in any of their daily transactions or there daily activities even when it faster and easier they still not accept or permit it to there life, they still don’t prefer using it, I have noticed this a lot, Some classes of human,Sometimes when they are to receive money from another country like international transfer sometimes it takes 2 3 days to arrive,They will advise them to use bitcoin and they still don’t accept it even it faster and easier. How can we erase the negative thoughts of people over bitcoin? Nobody has any negative thoughts over dollars or there various currencies, We need to think about it.

With the help of individuals creativity and opinions about bitcoin, Will increase the bitcoin market, And when every one increase the positive activity in there various part of bitcoin world, It will enhance the growth of bitcoin, Bitcoin is under our care, We are to decide what we want in bitcoin,To move higher or lower, we are to decide.And we should remember that the future of bitcoin is in the hands of new Beginners.

The law of back reactions in bitcoin.If a bank transaction was sent to a wrong account, that transaction can easily be reversed by the help of a customer service. It will be a plus to blockchain if a mistake in transactions happens like sending coin to a wrong address and it can be reversed.It will be nice if that can happen, Some many people here have really lost some money because of some mistakes in address.



The flexibility of bitcoin needs a backward reaction, A transaction that can easily be reversed if any mistake comes up,Bitcoin is growing and moving so fast that about 70 percent of world will ready to have bitcoin as a coin in there wallet.

This will increase the creativity in bitcoin world.Have we thought of this, I’m seeing bitcoin leading the world as the world power cryptocurrency.If a president of the world power is a trader and in support of bitcoin, It will affect bitcoin positively, countries,people will now start to legalize bitcoin on their own.So it will be great if this happens, I do understand that bitcoin is not a physical cash, that doesn’t stopped anything,You can move with millions of dollars in your wallet as bitcoin. It will be a positive impact if this happens.

This is a development form a simpler to a more complex stage( according to the laws of growth)A thousand miles start from a step, this is no successful man that became great just like a magic, There is no great man that became so great by mistake, I remember when I started with one post as a newbie, but now I’m a junior member, I have visions to grow more and higher, So we need to continue with what ever we are doing. And let there be a touch of excellence we most surely  grow.

I have noticed and we are all aware that so many people do complain that they were scammed through bitcoin. In every problem there is always a solution. How can we identify when a scammer is trying to scam.Let their be a strong system In such a way that scammers won’t be able to penetrate in. And can we pay more attention when someone complain about scammers.

My question and also contributions is,Some class of human still find it difficult to understand what bitcoin is, Some have bitcoin in there wallet but they don’t understand it, Those kind of bitcoin can easily be scammed by using bitcoin. If there will be a means of understanding bitcoin more better will provided I think they will not be scam on bitcoin, because You can only be scammed on what you don’t know.We have to share our ideas together and think of a better thing to do if any issues of such arise.

Many people are still skeptical about trading with bitcoin, many have some technical questions to ask about bitcoin and needs response from the founder. The energy In which people will invest in bitcoin is in direct proportion to the testimony and advice Satoshi can address  to all bitcoin users.

There are lots of criticism about bitcoin world wide that only Satoshi can defend. Why is bitcoin anonymous and decentralized? What encouragement can Satoshi give to us as bitcoin  trader/investors? We need to know the future of bitcoin through his vision?

So many people make this comment that bitcoin is for investors, but sometimes people use it in transactions, people actually prefer using bitcoin sometimes.And In a minute it will either ho higher or lower, And it a problem sometimes the money doesn’t belongs to you,but you just want the transaction to be easier, not everybody knows how to monitor market or trade. What is the answer on this. I really want to know if bitcoin is mainly for investors and other person that is using it just for that purpose if the losses if there own risk. Is bitcoin mainly for investors or for every one?

Sometimes I do notice that bitcoin experience some issues while increasing in value, Bitcoin have increased to $15,000 $20,00. Now we find bitcoin going low, Now I want us to understand no matter how dollar fall it can be as bitcoin, What is the solution of getting this solved?,if bitcoin is Depreciating in value let it not be much, because the falling of bitcoin really scare people away. Would you be happy if you purchase bitcoin worth $15,000 and in the next few months bitcoin is $5,000, would you be happy?. Let look into this and stop deceiving ourselves buy saying we are Investors, Gold investors don’t experience this at all, if bitcoin we go forward then we most know our stand.

I do notice that some people naturally don’t allow bitcoin in any of their daily transactions even when it faster and easier, they still don’t prefer using it, I have noticed this a lot, Some classes of human,Sometimes when they are to receive money from another country like international transfer sometimes it takes 2 3 days to arrive,They will advise them to use bitcoin and they still don’t accept it even it faster and easier. Now how come we make bitcoin come to people.

Bitcoin is generally a coin that is good for our daily and future transactions, but I do notice that some class of people fine it difficult to go into trading and buying of bitcoin, I really don’t understand the problems. How it the advice to them, And what do we think we should do to make some people understand bitcoin more better. Some mediocre do hear of bitcoin and see some advertising online, but they are still afraid, I really want everyone including mediocre to comfortable with bitcoin and make use of it in their daily transactions, Every single human makes use of money, I want every one to make use of bitcoin such as they do with money. I hope this is understandable to us.

If all countries can accepted crypto currencies in there various countries, as a means of payment and as a means of online exchanges, such as money is, money is anything use as a means of exchange and general acceptable. With the means I think all cryptocurrencies (bitcoin) will definitely go round the world, and will be use as a means of exchange. I will be so grateful to the creation of crypto currencies. This will also help our future generation, Remember something when we do international transfer across the countries, it may take a while to get the money to your local bank account, but with cryptocurrency you can get instant reflection if bitcoin etc is transfer to wallet,And you can make use of your coin (bitcoin ETC).