Bitcoin: A Prosperous Opportunity For All
Bitcoin is a decentralized software network governed and operated by anyone who chooses to participate in it. It’s a universal language that automates truth, provides transparency, and democratizes money through math and cryptography. The network includes developers, miners, and users; but no CEO or central entity who can change or manipulate the network to benefit themselves or their friends. Developers write the code that makes Bitcoin run; miners validate transactions; and users put the software to work by trading, transacting, holding, and more. And you can participate in any way you choose. By democratizing money, we can solve many of the world’s problems. Bitcoin impacts everyone differently yet all positively by giving them a choice never provided at any other point in modern human history.
Bitcoin allows people in developed societies to protect their time, energy, and wealth which are all stolen through currency debasement. It allows people in underdeveloped and corrupt countries an opportunity to accumulate stability.
A Few Reasons Why Everyone Should Care About Bitcoin – No Matter Your Beliefs, Location, Principles, Passions, Values, Etc.
- Restores human dignity and time by protecting us from inflation
- Bitcoin is good for the planet – Bitcoin is green!
- Allows all classes of people globally to own property that is in demand by people of all tax brackets; which was previously unimaginable and restricted social mobility
- Allows technology to drive prices down
- Incentivizes truth and objectivity; as cheaply printed dollars are political, biased, corrupt, and often used to manipulate institutions, journalists, politicians, etc. (How the Sugar Industry Shifted Blame to Fat – The New York Times) Bitcoin makes such things extremely expensive to attempt or maintain.
- Censorship resistant – can’t be kicked off the network
- Reduces the power institutions, governments, or individuals can exercise
- Removes the risk of centralizing our money to a third party. There’s more debt than actual money in existence. That’s what happens when you allow a small group of people to control arguably our most powerful tool. This creates a bubble or illusionary reality/ economy.
There will only ever be 21 million Bitcoins. Naturally, this increases demand for Bitcoin, forever increasing the price. Even if the price of Bitcoin goes down, the power of having a fixed supply is still a miraculous feat. Focusing on the price of Bitcoin is exciting, but it undermines the power of having money that holds its value across time and space. Not only does Bitcoin do this, but it becomes more valuable over time rewarding whatever sacrifices are made along the way.
Absoulute power corrupts absolutely
Savings: A Path to Financial Freedom
In today’s monetary system, savers are often the biggest victims. With fiat currencies constantly being debased, there’s an unseen relentless pressure to spend rather than save. Human action is often reactive to the proactive players orchestrating the game. Nonetheless, this short-sighted behavior leads to financial instability and diminishes our ability to plan for the future. By not planning for the future, we subconsciously become less invested in caring about the future. Look no further than the debt deficit. We have been manipulated to normalize our out-of-control credit-based fiat system because solving it would require us to make sacrifices. We carelessly create a bigger issue for future generations by printing our way out of the crisis. This destroys the earth and the possibility of future generations.
Bitcoin, on the other hand, offers a hard-to-produce currency that protects savings from inflation. By allowing individuals to save effectively, Bitcoin encourages a mindset shift toward long-term investment. Because the price of Bitcoin will always rise, our urges to spend become more intentional, reducing impulsivity, and evolving human action. I can attest to this in my personal life. The way Bitcoin has changed me for the better is inexplicable.
This shift in behavior can have profound implications. It alleviates financial stress, enabling individuals to focus on their goals rather than merely surviving. For poorer communities, Bitcoin provides an opportunity to accumulate wealth, fostering discipline and hope. As people begin to view their finances through the lens of savings rather than immediate consumption, they reclaim their future.
Deflation: An Economic Revolution
Historically, we’ve seen goods and services trend upwards in price due to the easy availability of printed money. This inflationary pressure distorts the true cost of living, making it difficult for individuals to understand the value of their hard work. Bitcoin introduces a deflationary economy, where the scarcity of the currency means that over time, goods and services could become more affordable as we become more efficient at producing them.
This shift can lead to a healthier economic environment, where prices reflect true value rather than being artificially inflated. By incentivizing efficiency over endless growth, Bitcoin could help dismantle the predatory monetary systems that prioritize exploitation over sustainability.
Bitcoin as a Means of Liberation
Bitcoin also holds tremendous promise for individuals living under tyrannical regimes or in corrupt systems. In places like Afghanistan, where women are denied basic rights, or Libya where corruption runs rampant, Bitcoin provides a means for financial independence. It allows individuals to own property and control their wealth without reliance on oppressive institutions.
Bitcoin reduces the reliance of a government to solve our problems. Governments create more issues in an attempt to solve anything because the money printer encourages a lack of efficiency and many politicians (being generous) fall victim to greed. With action, we can now solve our issues. Every year there are stories of people fleeing authoritarianism and hyperinflation through Bitcoin. In addition, there are stories of money being blocked or frozen from reaching those in need. Consequently, Bitcoin has become a solution to cut out those looking to monetize from societal struggles. We can now stand in solidarity with those of our liking directly, without approval.
Access to a fair & free system where the rules are transparent & unable to be rigged reduces violence, terrorism, & other compromising circumstances plaguing MOST of the world.
Addressing Common Concerns
Many skeptics question whether it’s too late to invest in Bitcoin or why one should choose it over alternative cryptocurrencies. The truth is, that Bitcoin’s resilience and decentralized nature make it a robust choice. Unlike altcoins that may be susceptible to manipulation or driven by centralized leadership, Bitcoin has been chosen by the people for its deflationary nature, transparency, decentralization, and security. All other currencies are forced upon us (or else), confiscatable, and inflationary.
Valuable Property For ALL
Bitcoin gives people of all economic status the ability to own property. And not property that requires you to wait or find the right buyer or time to sell. But property that is sellable 24/7 365 and can follow you everywhere you go. Real estate is cool, but I might not like the features of a home in Tokyo or Istanbul. If you’re in North Korea or Venezuela the opportunity to own something valuable and extremely secure from theft or war is low. If you’re living in Bankhead (Atlanta, GA) the ability to buy property there may seem impossible as corporate money floods the neighborhood pricing you out. However, even a small amount of Bitcoin is achievable. Consider the significance of passing it down over generations.
Whether you own Bitcoin or not, your life and the planet will significantly improve. It is becoming adopted. Bitcoin wants you, but it doesn’t need you or me. Those who get it are in an invisible race to acquire as much as they can because they understand not having any would be worse similar to refusing to use the internet.
Living Off Bitcoin
Those who accumulate over time will be able to use Bitcoin as collateral. This is what many people do with their investment portfolios. Instead of selling assets and paying taxes on the earnings, they’ll take out a loan against their assets and use that money to make money before they pay the loan off. Bitcoin offers this potential to people who could never imagine financing their lives by holding a sliver of an asset.
Bitcoin IS For Everybody
In a world where monetary systems often prioritize short-term gain over long-term stability, Bitcoin stands out as a beacon of hope. It encourages savings, fosters economic efficiency, and empowers individuals worldwide. While it’s essential to consider the various narratives and biases surrounding Bitcoin, its fundamental promise remains clear: a more equitable and transparent financial future for everyone.
Unisex Bitcoin empowers tee – In Pursuit Of…
As we think about the kind of world we want to build for future generations, it becomes evident that Bitcoin can play a crucial role in empowering people to reach their full potential—by giving them back their time, energy, and ultimately, their lives.
I want to end by saying think deeply about this and every topic for yourself. Intensively study and seek multiple opinions while considering their potential bias. My bias is that I want a better future for my daughter and I think the longer we continue to remain on this current monetary system the worse society continues to trend. With regards to seeking different POVs, specific to Bitcoin, I encourage you to even listen to Bitcoin’s biggest critic, Peter Schiff.
Additional Resources:
https://bitcoin.org/bitcoin.pdf – Bitcoin White Paper
https://bitcoin.rocks/ – Great resource to learn more on Bitcoin
https://bisq.network/ – A place to purchase Bitcoin peer-to-peer, without exchanges
https://youtu.be/eAmGYzdWv3w?si=VBK69o3cdae4ArYR – Podcast on Bitcoin
https://stefanglover.com/how-to-earn-buy-and-store-bitcoin/ – How to buy earn and store Bitcoin, by me
https://stefanglover.com/fiat-crisis/ – Fiat crisis, by me
https://open.spotify.com/episode/0xQ2JlU5Tv1SOYdK1MRINp?si=f19970197eda472e – A podcast on the philosophy of investing by me
