Bitcoin as a Genuine Store of Value: Scotland's £20 Note Example

I just caught a report that's making waves online and even got coverage from the BBC about Scotland releasing a limited edition £20 note featuring Mc Tommy's legendary overhead kick. A lot of folks are treating this as a fun nod to football history and a bit of national pride, but honestly, it says something much bigger about fiat money versus Bitcoin. If a famous goal can just be a reason for the government to churn out more cash, who knows how much they might've secretly printed already? This highlights a huge difference between fiat and Bitcoin. Bitcoin isn't swayed by emotions or celebrations. No government can just up and decide to mint more BTC because of a sports moment or other nonsense. The fiat system is just a mess. Rules can shift at any moment, and we've been dealing with this chaos for too long until Satoshi brought us the real kind of freedom.

Maybe we should just take this as one of the reason why we cannot trust the entire process in the Fiat system, this traditional financial system is not working and we all know this and also attest to it, everything is possible with the Fiat currency system and policy in place because it gives room from manipulations and other forms of centralization that those in control of the currency can try to implement something new without due process.

What is this nonsense? It didn't "form" any reason. The money is being printed all the time according to the schedule. Sometimes they can order some batch of bills to have a special designs to celebrate something. That's being said, old bills get out of circulation all the time as well for various reasons and hence have to be replaced.

Where exactly is the nonsense? You said "The money is being printed all the time according to the schedule". So, where is the lies? Who decides when to print and why to print? Old bills get out of circulation? Like do they spoil or they are being burnt? How do they go out of circulation. Are you sure they aren't looted or hoarded?

Yes the cash  are being burnt , shredded or ..  that part doesn’t really concern you as a Citizen.. All you need to understand is that the old money gets out of Circulation slowly. It’s not like they just print and cause everyone to die of inflation , they replace the old note with the new one by hoarding and destroying the old notes anytime it goes back to them . Slowly, old notes will leave circulation but they are normally still acceptable unless stated that it won’t by a certain period. The New #100~#1000 note in your country is a perfect example..

You said the goal was what made them print the money. This is the nonsense. The money would have been printed regardless Banks filter the bills they receive via encashment and too damaged ones get sent to central banks in exchange for new bills. This process happens all the time. You as a citizen also can exchange a damaged or even torn bill for a new one at a bank.

I think you got your information wrong as to why the Scottish government printed these bills. Only about 100 was printed to be auctioned off to charity and to celebrate their qualifications for the 2026 world cup. However you are right with your point of view, because Bitcoin is a reliable store of value that no one can influence anyhow unlike fiat currency that can be printed more based on emotional response or just to influence inflation.

I don't know how through this is, since OP do not reference the image a posted so as we can be assured that it truly occur, when it comes to bitcoin and something related to this, I don't think our governments are ready to do such in promoting for bitcoin because they know that they will be found responsible for any challenges people may pass through, being the major promoter of Bitcoin. They are not even in most cases aligned with the same Bitcoin that most of us are more capable of going for, because it goes against their centralization and censorship.

Well if you are talking about the image of Scot mctommney on the Scotland pound note well that actually happened but what I am not sure is if it was actually put to use. I don't think the goal was extremely significant but Scotland is not such of a big football nation so I understand why they are celebrating this as something extraordinary but honestly I don't see how that correlate with Bitcoin.

That’s not so true these days. Since the long-awaited ‘institutional adoption’ took hold, ‘paper bitcoin’ has emerged, allowing Wall Street to trade in bitcoin without actually owning the asset. There is increasing talk of this. It is thought to be one of the main reasons why price performance has been rather disappointing over the last five years. Although it remains fundamentally different from the money that governments can print using their fiat currency.

The stories of fiat currency inflation or hyper inflation, and issues created by governments and central banks are not new. This case study is still a very small one while a biggest one that happened recent years is from the Covid-19. After that many governments and central banks printed huge money that have been circulating in national and global economy so far with considerable inflationary issues and life quality of many business, people around the world. If anyone, any newbie is doubtful about problems created by inflation, they can look at the US. Dollar. The Declining Purchasing Power of the U.S. Dollar

It is fundamentally different as no new bitcoin will ever be added to circulation without rightly mining it and no more than 21 million bitcoin will ever exist. This publication left me so shocked and I can't help but imagine that if this post got me this surprised, what happens if the analysis is done for my country's fiat?

Only 100 of these banknotes were printed, meaning 20 x 100 = 2,000 £. This is certainly cause for panic and concerns about inflation. In reality, governments can't just go and print money, especially not secretly (that's not how it works). "To print money, countries need exclusive state rights (emission), strict economic calculations to prevent inflation, and a powerful production base with specialized technologies." - This is what AI responded to. Any secret uncontrolled printing of money will simply collapse the country's economy. Of course, there are radical differences between the traditional fiat system and bitcoin, but you're exaggerating the impact of printing commemorative (or other event-related) banknotes. In fact, such money should be valued like collectible stamps. Suffered? Has the global economy suffered under the oppression of the fiat system all these centuries? Everything you see around you is created by this very system. Yes, this system is imperfect, but you can't be so fanatical against it. Switch off your emotions and use your mind.