Gavin Green on Nostr: Bitcoin and the tariff wars The New Testament Bible talks about building your house ...
Bitcoin and the tariff wars
The New Testament Bible talks about building your house on a foundation of rock and warns of the dangers of building your house on the sand which is a poor foundation.
Your home is the place where you have chosen to stake your claim in this life. It's the place where you are going to build a place of safety and raise a family. It's the place you come home to at the end of a busy day to rest, and it's the place where you and your spouse talk about your dreams for the future and make your plans.
Similarly, a business needs solid foundation, but this stability is not created about the physical location you choose to operate your business from. It is the political, social, and economic environments you choose to place your business. Some regions are better than others, and some countries are better than others.
However, it does not matter how great things are right now, circumstances can change quite quickly. The recent global shutdown caused by COVID are still fresh in everyone's mind. Political changes, through elections or revolution, are famous for making sweeping changes to the laws and regulations of the previous regime. Right now, the phrase “tariff war” is on everybody's minds. Stock markets have reacted strongly to the Trump proposed tariff and countries are responding with tariffs of their own. Nothing rattles international global trade quite like a tariff war, or at least threats of one. All of this creates uncertainty.
Uncertainty makes planning extremely difficult. But businesses need to plan. They need to figure out supply chains, distribution channels, new product lines, branding and marketing to introduce these new product lines, and of course the regulatory environment into which these products fit.
Even with stable political conditions, legislation can change. Suddenly with the swift stroke of a pen, your bestselling product could be in trouble.
We haven't even added currency fluctuations into this discussion. Sometimes it's a country on the other side of the world that has a problem which reverberates all the way through to affect your business.
One common thread about uncertainty is that is generally completely outside of your control.
So where does Bitcoin fit into this? Bitcoin’s is a simple idea perfectly executed and runs entirely unsupervised and uncorrupted since its inception in 2009. Bitcoin has a simple supply issue schedule of a new block every ten minutes and this supply halves every four years. That’s it. And it has done this without interruption since 2009. It is so predictable the reliable that it is often described by the phrase “tik tok, next block”.
I think it is worth emphasizing the fact that this is Bitcoin just following its code; no more, no less.
It is not affected by a politician calling for a tariff war.
It is not affected by the sudden devaluation of a currency or the hyperinflation of said currency.
It is not affected by COVID lockdowns.
It is not affected by a supply chain shock anywhere in the world.
In fact, there is nothing that can be done to shut Bitcoin down or to alter it in any way without expending such significant resources as to make that likelihood nigh impossible. Even people heavily involved in the Bitcoin community that have, in the past, called for changes to the Bitcoin protocol, insisting that there is a dire emergency or cataclysmic event about to happen that required an urgent change, and have not succeeded. Bitcoin continues uninterrupted, unconcerned, and unchanged.
This is the rock foundation for your business that is called bitcoin.
If your business accepts Bitcoin for payments of goods and services, you have started building your solid foundation. This foundation will get stronger, and as your business accumulates more and more Bitcoin, you know that you are accumulating an asset that is not swayed by public opinion, political bias, newfangled fashionable ideas, currency debasement or the need humans have to change everything constantly, all the time to try and make it better.
It is for this very reason that bitcoin exists.
Tik tok, next block.
The New Testament Bible talks about building your house on a foundation of rock and warns of the dangers of building your house on the sand which is a poor foundation.
Your home is the place where you have chosen to stake your claim in this life. It's the place where you are going to build a place of safety and raise a family. It's the place you come home to at the end of a busy day to rest, and it's the place where you and your spouse talk about your dreams for the future and make your plans.
Similarly, a business needs solid foundation, but this stability is not created about the physical location you choose to operate your business from. It is the political, social, and economic environments you choose to place your business. Some regions are better than others, and some countries are better than others.
However, it does not matter how great things are right now, circumstances can change quite quickly. The recent global shutdown caused by COVID are still fresh in everyone's mind. Political changes, through elections or revolution, are famous for making sweeping changes to the laws and regulations of the previous regime. Right now, the phrase “tariff war” is on everybody's minds. Stock markets have reacted strongly to the Trump proposed tariff and countries are responding with tariffs of their own. Nothing rattles international global trade quite like a tariff war, or at least threats of one. All of this creates uncertainty.
Uncertainty makes planning extremely difficult. But businesses need to plan. They need to figure out supply chains, distribution channels, new product lines, branding and marketing to introduce these new product lines, and of course the regulatory environment into which these products fit.
Even with stable political conditions, legislation can change. Suddenly with the swift stroke of a pen, your bestselling product could be in trouble.
We haven't even added currency fluctuations into this discussion. Sometimes it's a country on the other side of the world that has a problem which reverberates all the way through to affect your business.
One common thread about uncertainty is that is generally completely outside of your control.
So where does Bitcoin fit into this? Bitcoin’s is a simple idea perfectly executed and runs entirely unsupervised and uncorrupted since its inception in 2009. Bitcoin has a simple supply issue schedule of a new block every ten minutes and this supply halves every four years. That’s it. And it has done this without interruption since 2009. It is so predictable the reliable that it is often described by the phrase “tik tok, next block”.
I think it is worth emphasizing the fact that this is Bitcoin just following its code; no more, no less.
It is not affected by a politician calling for a tariff war.
It is not affected by the sudden devaluation of a currency or the hyperinflation of said currency.
It is not affected by COVID lockdowns.
It is not affected by a supply chain shock anywhere in the world.
In fact, there is nothing that can be done to shut Bitcoin down or to alter it in any way without expending such significant resources as to make that likelihood nigh impossible. Even people heavily involved in the Bitcoin community that have, in the past, called for changes to the Bitcoin protocol, insisting that there is a dire emergency or cataclysmic event about to happen that required an urgent change, and have not succeeded. Bitcoin continues uninterrupted, unconcerned, and unchanged.
This is the rock foundation for your business that is called bitcoin.
If your business accepts Bitcoin for payments of goods and services, you have started building your solid foundation. This foundation will get stronger, and as your business accumulates more and more Bitcoin, you know that you are accumulating an asset that is not swayed by public opinion, political bias, newfangled fashionable ideas, currency debasement or the need humans have to change everything constantly, all the time to try and make it better.
It is for this very reason that bitcoin exists.
Tik tok, next block.