TWO PRIVATE MONEYS
Bitcoin and Bitgesell Cryptocurrencies
TWO PRIVATE MONEYS
Time is the judge and the most valuable resource for an investor. Each bitcoin was worth $0.004 cents in 2010! Then $1000 dollars in 2014. In the first months of 2024, it surpassed $70,000 dollars! BTC is arguably the best savings of all time. Not even gold offers better returns. And what do you think will happen with the cryptocurrency Bitgesell, the best fork of Bitcoin, with a deflationary supply, the same Proof of Work, annual halving until 2054 and daily burns of 90% of fees & and tax transactions? It's easy to see that BGL is a sleeping giant and this is your big opportunity alongside Bitcoin. Information is the most valuable currency in the world.
Now is your time!
"Would you pay to be sodomized?" This phrase is attributed to Renato Amoedo, a Brazilian criminal specialist and advocate of Bitcoin and its advantages describes in his book Bitcoin Red Pill.
He explains that anyone who puts money in the banks, stocks, gold or investment funds or any fraud assets (legacy) instead of "saving" in Bitcoin is colluding with a corrupt state and consenting to numerous suspicious activities, starting with excessive money printing and the disastrous effects of negative interest rates on the rise of monetary base.
BITCOIN THE NEW WORLD COIN?
Since the 13th century, there have been nine official world currency standards. Could Bitcoin replace the dollar as the official standard of a new era? The subjective Theory of Value constitutes one of the pillars of Austrian Economics, revealing that things in themselves have no inherent value. Without people, things are worthless; they hold no value. Hence, it is said that 1 BTC = 1 BTC and 1 BGL = 1 BGL. In a market environment, the value of something is determined by two forces (buying and selling) and varies based on greater or lesser supply or demand. Insiders and professionals often profit from outsiders and amateurs, while the patient and rational tend to outperform the hasty and emotional.
THE PERFECT CURRENCY
There is no perfect currency, just as there is no perfect country or political system, due to the rising monetary base and public debt. Furthermore, every monetary system is in constant evolution. History teaches us that the currency replacing another tends to appreciate more and simplifies transactions. Bitcoin is the best candidate to assume this task.
According to Gauss's Law, "a monetary system must be as simple and transparent as possible to avoid collapse." Therefore, Bitcoin and Bitgesell aim to do one thing more valuable than mere money within their own ecosystems: store of value! Both employ different deflationary systems to boost profit in the long run.
END OF PAPER MONEY
In a study titled "Interest is Negative after 2008," focusing on the Brazilian case, Renato Amoedo predicts a dramatic future for those who do not own Bitcoin. For instance, he foresees "the end of the central banking system, fiat currencies and welfare due to the inability to increase tax collection or reduce spending through austerity." According to Amoedo, anyone who continues to invest in products offered by the state, institutions or banks "will continue to be" impoverished until their financial destruction".
BITGESELL IS BETTER?
Bitgesell (BGL), a cryptocurrency founded by a group of crypto experts called "Emma Wu", is obtained through Proof of Work mining, using actually Application-Specific Integrated Circuit (ASIC) Keccak Proof of Work (POW) Algorithm.
'Collateralized' or coded by Bitcoin technology but functioning completely independently of the BTC Blockchain (BTC), Bitgesell was born on April 4, 2020, amidst the Covid-19 pandemic.
More advanced than Bitcoin in many deflationary systems, the BGL cripto currency offers a maximum supply proposal of 21 million coins to be mined by 2054. In contrast, Bitcoin mining is scheduled to end in 2140.
At the same time, the Bitgesell Network Code offers an annual halving and burns 90% of transaction fees, resulting in the burning of a total of 1,200,990 bitgesell coins (red numbers of BGL Explorer + Bitgesell Dead Wallet) until the fourth halving, which took place on April 28, 2024.
BITGESELL FEATURES
Bitgesell is a BTC derived coin but with some enhanced and unique features. It is:
- 100% SegWit implemented;
- 10x smaller block weight;
- a halving each year, so 4x faster in scarcity than BTC;
- Uses a more efficient Keccak hashing algorithm;
- Bitgesell burns 90% of taxes & fees transactions;
It aims to be faster, more efficient and most of all, more scarce than its big brother bitcoin.
Bitgesell has no company behind it and is mostly community-driven.
BGL & BTC GENESIS BLOCK
Three days after the launch of the Bitgesell Blockchain in April 2020, discussions began on the Bitgesell BitcoinTalk forum.
Its first press release on Coinspeaker is dated May 18, 2020. The Bitgesell cryptocurrency was duly publicized, and the possibility of mining was widely disseminated, as evidenced by the following articles:
Coinspeaker - May 18th 2020
The Bitcoin News - May 19th 2020
Bitcoin Insider - 11th June 2020
The Merkle - June 15th 2020
Crypto Benelux - August 18th 2020
U Today - October 10th 2020
Cointelegraph - January 15th 2021
Bitcoin - February 1st 2021
Bitcoinist - Mars 29th 2021
Bitgesell Medium - April 20th 2022
Coingape - July 7th 2022
Kriptosozluktv - August 5th 2022
Investing - August 30th 2022
Cripto Fácil - Mars 6th 2023
SATOSHI NAKAMOTO MINER
The first Bitcoin was mined on January 3, 2009. Therefore, Bitgesell appeared 11 years (exactly 4,109 days) after Bitcoin. The Bitcoin genesis block was created on 03.01.2009, while the Bitgesell genesis block was established on 04.04.2020. The first recorded public presentation of Bitcoin on the BitcoinTalk forum, founded by Satoshi Nakamoto, was made to some forum profiles on November 19, 2009. By that date, 43,750 blocks x 50 coins per block had been mined, resulting in an approximate value of 2,187,500 Bitcoins.
WHY INVESTING IN BGL AND BTC?
Investing in Bitcoin and Bitgesell is not an investment! It is savings. Both currencies were designed to function as a store of maximum value over time, with the advantage leaning towards Bitcoin due to its higher capitalization, more holders and a larger network of nodes. Bitcoin is the world's primary digital currency. Bitgesell occupies the modest 1563rd position on Coinmarketcap as of May 6, 2024.
On the same date, the worldwide capitalization of gold stood at 13 trillion dollars, while the price of Bitcoin cap was around a trillion dollars with a unit price of $65,241 USD dollars.
Out of curiosity, there will never be less than 23 kilos of gold for each Bitcoin. Or less han 11,5 kilograms of gold for each Bitcoin and Bitgesell coin!
BITCOIN TARGET
The main objective for Bitcoin holders will be to surpass the market capitalization of gold and achieve at least a 10x increase from the current price before the sixth halving in 2032. Bitgesell's objective by 2034, spanning 10 halvings, will be to increase its value by at least 1000x from its current price of $0.11, recorded on May 6, 2024. Bitcoin is currently traded on all centralized cryptocurrency exchanges and most decentralized exchanges.
WRAPPED BITGESELL
The Bitgesell currency is currently only being traded through the wBGL (wrapped Bitgesell) token, audited by Certik on the BSC network and paired 1:1 with the equivalent number of coins within the Bitgesell Blockchain. The wBGL token can be purchased via Binance's WEB3 and decentralized exchanges on the Binance Smart Chain, Ethereum, Arbitrum and Optimism networks. And then converted into BGL coins through BGLSWAP (BGL bridge) using Metamask, Bitgesel Wallet or the Main Core Bitgesell.
NOBLE TITLE
Firstly, 'betting' on Bitcoin or Bitgesell demonstrates much than superior intelligence once its fundamentals are understood. Satoshi Nakamoto, before disappearing in 2010, wrote, “If you don't believe it or don't get it, I don't have the time to try to convince you, sorry.” Less than 3 percent of Bitcoin holders agree that owning BTC will soon be equivalent to owning a noble title. To understand Bitcoin's significance, you must realize that no infinite money in the world can compete with a currency like Bitcoin or Bitgesell, which has a finite supply. It is at this point that Bitgesell introduces several hiper deflationary mechanisms that Bitcoin lacks.
TIME PREFERENCE THEORY
Anyone who ignored Thomas Edison's electric light 150 years ago was surpassed. Anyone who ignored the Internet 25 years ago became obsolete. Anyone who does not possess Bitcoin and Bitgesell will face financial ruin. Bitcoin and Bitgesell will serve in the future as a mark of nobility, similar to how it was esteemed during the peak of the Nobility era. In fact, any investor in these two cryptocurrencies is applying the principle of Time Preference Theory or Delayed Wealth, akin to ancient nobles who offered their military prowess in wars to earn titles and land from a king. This trait is more defining than the Intelligence Quotient (IQ) itself, as it demonstrates the ability to forgo or sacrifice immediate pleasures in exchange for future or intergenerational wealth.
"GOLD" OPPORTUNITY
Considering the opinions of Bitcoiners and Bitgesellers, allocate a portion of your monthly investment to "savings" in Bitgesell alongside Bitcoin. The organic growth of a finite, annually halving, hyper-deflationary currency like Bitgesell should be widely distributed among the global population, rather than concentrated in the hands of large financial entities, as is often the case with Bitcoin. It's worth noting that only about 1% of the world's population holds Bitcoin (around 86 million), which is drastically different from Bitgesell's holders numbering less than 8000. This vast discrepancy presents a unique opportunity, particularly within the first four years of Bitgesell's activity. Therefore, Bitgesell holds tremendous asymmetric potential, offering an opportunity for everyone to invest even with modest sums, similar to the early days of Bitcoin 14 years ago when it was inexpensive.
REASONS TO INVEST YOUR SAVINGS
Bitcoin represents the most significant Financial Revolution of the 21st century. If information was power in the 20th century, Bitcoin embodies the word power in this century. It has been the asset with the highest appreciation rate since its inception, increasing by a staggering 100,000,000% (1,000,000x) until April 2024. No other asset has appreciated as much. Why? Because there is no other "private" digital currency solution that has proven to be as profitable and secure as Bitcoin. Why have no hackers or hacker groups successfully attacked the Bitcoin blockchain to date? This is where Bitgesell innovates by synchronizing its code with that of BTC. Any improvement in Bitcoin will be automatically applied to the Bitgesell network.
If Bitcoin's code is indestructible and inviolable, the Bitgesell Network leverages this continuous and cutting-edge innovation by synchronizing its code continuously and permanently with BTC, adding deflationary elements, the latest of which could be the Bitgesell Burning Day, the first edition of which occurs this year in 2024 on the second weekend of October.
RUNAWAY FROM BANKS
In absolute terms, there is nothing within any bank or exchange that qualifies as an investment. It all carries a negative Net Present Value (NPV) due to the inflation caused by the state's over-indebtedness and the continuous expansion of the monetary base, evident in the unbridled printing of paper money, purportedly incentivizing the creation of companies and jobs by the government. Today, a safe and genuine investment translates into building a strong and united family, achieving spiritual salvation, maintaining good health, and, above all, acquiring education that will provide the necessary wisdom to make profitable investments.
POLITICAL PONEROLOGY
Political ponerology is the science of the nature of evil applied to political purposes. In a revolutionary process, the most perverse psychopaths come to power and the useful "slave idiots" are the ones who survive. Normally, decent or honest people leave the country or imigrate. Model C annihilates those who disagree and the B model facilitates the hasty departure of dissenters. So why do the worst individuals win elections in Democracy? The explanation is given by the Austrian Friedrich Hayek in the book "The Road to Serfdom." According to Hayek, "central planning by the state leads to totalitarianism and oppression," meaning that control of the economy "ultimately leaves the individual in a situation of slavery and dependence." This is what Bitcoin and Bitgesell have been combating since their inception. Now it is easy to understand why China banned Bitcoin and if other states around the world like Nigeria join China, they will only be expressing Hayek's conclusions by agreeing to be governed by politicians of questionable integrity. So, Bitcoin and Bitgesell are political and moral imperatives.
BITCOIN PIZZA DAY
Bitcoin Pizza Day is an event that marks the purchase of two pizzas in 2010 for 10,000 bitcoins. Laszlo Hanyecz, an American computer programmer, agreed to pay 10,000 bitcoins (about $41 at the time) for two large pizzas to be delivered to his home in Jacksonville, Florida. Fulfilling the order was Jeremy Sturdivant, a California student, who called Papa John's Pizza, paid for the pizzas with his debit card, then contacted Laszlo to confirm the deal. He soon received the promised 10,000 BTC in his bitcoin wallet.
This initial intermediary purchase marked Bitcoin's arrival into the real world at $0,0041 USD, although today, 10,000 Bitcoins would amount to a fortune of nearly 700 million dollars on May 2024.
BITGESELL HISTORIC DONATION
Between January 3rd and 7th, 2024, the Bitgesell Community on Telegram conducted a poll to allocate the First Bitgesell Donation of 1000 bitgesell coins among 5 prisoners or political activists worldwide. The voting decided to award first place to Alexei Navalny from Russia, with 45% of the votes, corresponding to a prize of 450 BGL coins. Ilham Tohti from China came in second with 210 BGL coins and Raif Badawi from Saudi Arabia came in third place with 170 Bitgesell coins. In January 2024, 1000 Bitgesell coins had a market value of $90.
Under strange and tragic circumstances, the winner of this donation, Alexei Navalny, passed away on February 16, 2024, during a walk outside siberian prison, one month after the publication of the results of Bitgesell Donation on the Bitgesell Blogspot.
WINNER'S CURSE
Bitcoin and Bitgesell are private currencies and their price variation is somewhat subject to market cycles and the famous Winner's Curse, often seen in auctions. Simply put, the last person to enter with a larger position will pay a higher price than all previous bidders. In auctions, when a bidder assigns the highest value to the item being auctioned, they may overestimate its value, leading to the Winner's Curse. Therefore, if you win, it means no one offered a higher price than you did. This is when the auction winner is "cursed."
ONE MILLION REWARD
If anyone is willing to prove by 2054 that Bitgesell or its blockchain with open source are a scam or not better than Bitcoin in terms of its deflationary models, the owner of this blog will offer One Million Dollars. As proof, there's a guarantee of 10.25 BGL coins deposited in this Bitgesell Wallet adress will serve as collateral.
During the final 13 years of Bitgesell mining until 2054, only 10.25 BGL coins will be mined, a value estimated to surpass one million dollars by the end of mining. If no one comes forward with concrete proof by midnight on the day of the final halving, this amount will be donated to social causes or burned in the Bitgesell Burn Wallet, with the final decision to be made by the Bitgesell Community.
PERSECUTION TO THE DEATH?
It's possible that in the near future, all holders of bitcoin or bitgesell coin could be pursued, tortured or even killed for possessing these valuable coins. Therefore, it's important to preserve your identity. If this happens or if the state demands your BTC or BGL, do not comply. Bitcoin and Bitgesell are private and indestructible currencies. Until proven otherwise, you hold something much more valuable than gold. Everyone will want to own 1 bitcoin or 1 Bitgesell. At this moment, you are clearly at an advantage. Being wise is learning from others' mistakes, which can save you a lot of money.
A HIGH PRICE TO PAY
There are several ways to make money with Bitcoin: P2P, Escrow Service, offer Bitcoin consulting, provide services or products for Bitcoin, etc. The key is that all of these require work and risk. There's no compensation without work and risk, as compensation is proportional to the degree of work and risk involved. In Bitcoin and Bitgesell, there's no such thing as a free lunch. By exposing yourself to Bitcoin, you're accepting a volatility that can devalue the currency by 90% during different market cycles for each currency.
Bitgesell and Bitcoin offer two possibilities for achieving wealth and financial freedom, but they also come at a price: 97% suffering and 3% glory. If you can't handle the downturns, you won't be able to hold onto the gains. Buying Bitcoin and Bitgesell makin dollar cost averaging (DCA) is like winning the lottery gradually or as if you had a Swiss bank account offline.
FAMILY'S SALVATION
Don't be afraid to learn because everyone is born a child. Any new subject is often difficult to grasp if it's outside our comfort zone. No man or "king" will save your family if that man isn't you, your father or your son. Two of the tools are Bitcoin and Bitgesell, but they're not the only ones. You also have art, diamonds, commodities, etc. There are several options. However, BTC and BGL are easy, affordable and universal methods.
TIME IS BTC & BITGESELL
Would you like to be in the place of Warren Buffett or George Soros? If you are young, know that a billionaire who is 90 years old would give anything to be in your place and start all over again. Why? The answer is given by Jim Rohn: "You can get more money, but you can't get more time." And as we know, time does not come back.
Anyone who knows that the US Treasury debt has grown by $1 trillion every 100 days between 2022 and 2024 will understand that no one can beat the system or the legacy and consistently make money through savings. Only Bitcoin and Bitgesell are poised to appreciate endlessly.
HOW MUCH MONEY TO FREEDOM
Lastly, and not least importantly, there is that question everyone asks: how much money I need to achieve financial freedom? According to studies conducted by Harvard economics experts, financial independence occurs when you have 300 times your monthly consumption. You will never need to work again because you know how to multiply your money. If you can achieve this, which is easy to do with Bitcoin and Bitgesell in the coming years, you will own your time without luck or a high IQ. You just need to put into practice the noble principle of Time Preference, wisely giving up the present in exchange for wealth in the future.
TOP 100 ADVANTAGES OF BITCOIN AND BITGESELL
Here are the top 100 advantages of Bitgesell that are exactly the same as Bitcoin.
1. Decentralization
2. Transparency
3. Security
4. Low fees
5. Fast settlement
6. Borderless
7. Equal access
8. Direct ownership
9. Programmed scarcity
10. Protection against inflation
11. Open source
12. Privacy
13. Censorship resistance
14. Financial autonomy
15. Fraud reduction
16. Portability
17. Flexibility
18. Continuous innovation
19. Store of value
20. Global participation
21. Financial education
22. Economic independence
23. Easy access
24. Risk control
25. Interoperability
26. Global transactions
27. Financial inclusion
28. Financial innovation
29. Resistance to corruption
30. Economic stimulus
31. Resilience
32. Divisibility
33. Energy efficiency
34. Digital store of value
35. Access for the unbanked
36. Security against confiscation
37. Public auditability
38. Protection against system failures
39. Alternative investment
40. Resistance to financial fraud
41. Liquidity
42. Growing adoption
43. Reduction of intermediaries
44. Compatibility with new technologies
45. Reduced remittance costs
46. Energy efficiency (compared to traditional systems)
47. Network integrity
48. Longevity
49. Usability flexibility
50. Trustless transactions
51. Easy authenticity verification
52. Easy access to global markets
53. Resistance to cyber attacks
54. Positive social impact
55. Technological ecosystem development
56. Lower financial entry barriers
57. Passive income generation capability
58. Portfolio diversification
59. Traceability (for audit purposes)
60. Reduction of systemic risk
61. Ease of online payments
62. Compatibility with existing payment systems
63. Greater control over personal financial data
64. Ease of donating to global causes
65. Promotion of digital inclusion
66. Growing acceptance in commerce
67. Immutability of transactions
68. User-friendly for international remittances
69. Openness to experimentation and innovation
70. Secure value storage
71. Personal financial awareness
72. Asset tokenization possibility
73. Reduced reliance on financial intermediaries
74. Resistance to DDoS attacks
75. Participation in the Internet economy
76. Ease of international diversification
77. Reduced chargeback risk
78. Protection against uncontrolled inflation
79. Individual financial empowerment
80. Compatibility with smart contracts
81. Protection against capital controls
82. Accessibility for financially disadvantaged individuals
83. Greater financial freedom
84. Capability to store large amounts of value
85. Easy transfer of ownership
86. Opportunity for mining-based earnings
87. Reduction of financial bureaucracy
88. Promotion of fiscal responsibility
89. Transparency in resource distribution
90. Increased personal economic security
91. Encouragement of cryptography education
92. Development of digital security solutions
93. Expansion of investment opportunities
94. Freedom to choose financial systems
95. Mitigation of risks associated with centralized banks
96. Use in humanitarian emergencies
97. Non stop: 24/7 availability
98. Compatibility with informal economies
99. Use as an emergency reserve
100. Potential to transform business models
*****
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