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0/Bitcoin proposes a deep reworking of our economies framed by separation of money from state. Bitcoin rejects fiat, introduces a new paradigm radically realigning our relationship with money. This is why #bitcoin matters. Read on⤵️
1/Fiat is political money backed by the force of law and violence. It is created at will and makes up the walls of a global economic prison.
2/It has no inherent cost of production outside of the effort to protect its position once created. And from “0” it is able to extract rent and subjugate the public.
Ben Bernanke on “printing money.”
Ben Bernanke on “printing money.”
3/Manufactured inflation and interest rate manipulation distort market signals which manifests as business boom and bust cycles. The public pays the price.
Re 2008 crisis:
Re 2008 crisis:
4/Despite its mandate, the Fed can only watch the economy lurch from one crisis to the next. It is resigned to false assurances.
5/In fact, the Fed may be able to “see” recessions in advance. Yet is incapable of acting to prevent them. Why? It's impossible to stall economic momentum. The Fed’s very actions set up the next artificial wealth stealth business cycle!
6/Probability of recession is already near recent highs (src NY Fed).
7/The fiat addiction has been kicked into high gear. Debt fueled wealth subsumes nearly every market creating a global financial bubble of epic proportions.
8/The economy is living on borrowed time. Federal debt is nearing WW2 levels.
9/Fiat is political money. It’s the banker’s cold fusion. The central banking wizards of oz pull levers with no understanding of how their actions disrupt the natural motion of markets. In fact they think they’re saving us!
bloomberg.com/news/articles/…
bloomberg.com/news/articles/…
10/Central bankers are ivory tower bred autocratic “leaders” who expect the public to respond to their missives. They have no real world experience and cannot imagine how their policies impact individuals.
nyti.ms/2R70eED
nyti.ms/2R70eED
11/Bitcoin is diametrically opposed to fiat. It’s backed by math, has enormous cost of production, sound monetary policy and a capped supply. Bitcoin is immutable and can be verified by anyone, anywhere.
12/No description or explanation of Bitcoin needs to reference back room politics, committees, laws, boundaries or political persuasion. As a fundamental part of its design Bitcoin is agnostic. It doesn’t care who or what you are.
13/Bitcoin is market blind. It can’t respond to economic cycles and print more money at will to the meet the whims of bankers. Bitcoin is the cure to the fiat addiction. It eliminates wasteful spending on war and welfare state programs rewarding savers.
14/Bitcoin is simple. And as such is a multi-disciplinary behemoth. Bitcoin touches computer science, game theory, economics, philosophy, nutrition, healthcare, education, and much more.
15/Bitcoin is greedy. It is fed by and feeds a basic human need: greed. Your greed ensures its security. Its security rewards your greed: number go up.
Fin/Bitcoin is saving. Not only the economy, but time itself. Buying & hodling bitcoins is embracing the prospect of a world based on sound, hard money. A world where the fruits of your labor become bitcoins, restoring your right to preserve and transport wealth into the future.
