Humanity is at a pivotal point and every person needs to rise to the occasion. This is our time in history to change the path of the human race, to create a system in which one global currency supports the interests of the people, not the 1%. Every human’s freedom, liberty and sovereignty is at stake.
Our current global monetary system is a nightmare
We have allowed our governments and central banks to destroy our money but there is hope. Bitcoin is a significant improvement to the current financial system. Bitcoin is showing the world in real-time that we have access to a better form of money:
The problem with our Fiat money: | Why Bitcoin is an improvement: |
Fiat currencies are designed to lose purchasing power. Infinite money supply = Horrible store of value with perpetual inflation. | Bitcoin has a fixed and finite supply of 21M bitcoin. Bitcoin is a rare and scarce asset with a deflationary issuance supply. Every 4 years the amount of newly mined bitcoin cuts by 50%. |
Increasingly, fiat currencies are being used as a surveillance and censorship tool. No privacy and a system for control. (Example: Canadian government freezes bank accounts of "Freedom Convoy") | Bitcoin is permissionless. Your account cannot be confiscated or shut-down. Bitcoin does not discriminate against ethnicity, age, race, class, gender, political and personal views, or purchasing habits. |
Reliance on 3rd parties for custody and the processing of transactions. As a result, private companies and government entities gain control and power and users are forced to rely on blind trust. | Bitcoin removes this counterparty risk. Bitcoin offers the ability to self-custody and transact directly with other individuals. |
The fiat financial system is full of different middlemen who charge ridiculous fees. Example of banking fees: Wire fees, monthly/annual service fees, overdraft fees, currency conversion fees, ATM fees, Physical checkbook fees, etc. | To transact you simply pay a small miner’s fee. There are no other costs to use bitcoin. |
Limited operating hours are not convenient or practical for a global economy | Accessible 24/7, Bitcoin is built for the borderless internet. |
Current transaction settlement time can be as long as a few days or even longer for cross-border payments. | Bitcoin offers near instant transaction settlement. Every 10 minutes a new block full of transactions settlements are confirmed and added to the blockchain. |
Most fiat money is insolvent. Nations are consistently operating on a deficit with large amounts of pre-existing debt. This debt will need to be repaid with interest (taking away from future growth/investment within that country) or else the nation will be forced to default. (Does Argentina ring a bell?) $1 USD = ($1 USD / infinite money supply) - $30 USD Trillion of debt | The Bitcoin network is NOT backed with debt or future obligations. 1 BTC = 1 BTC / 21M BTC |
“In god we trust” Fiat money is full of blind trust in:
| “In code we trust” or “Don’t trust, verify” Bitcoin restores trust:
|
Comments