7. While fire, metallurgy, and mining gave us gold, the internet, encryption, and computing power have given us Bitcoin, which has the most superior monetary attributes of any money in history. It is also decentralized, permissionless and highly resistant to censorship - conferring not only purchasing power increases and banking to its users, but also replacing the poverty and bondage inherent to the fiat system with property rights, self-sovereignty, and freedom. 7/10

Reply to this note

Please Login to reply.

Discussion

8. The game theory of Bitcoin adoption is driven by rational self-interest for both individuals and nations, where the big winners will be the billions that have been financially oppressed by their government’s abuse of the fiat system, and the losers will be the small group of elites that have disproportionately benefitted through positions of influence at its epicenter. 8/10

9. Most criticisms of Bitcoin are based on political bias, technological ignorance, or a fear of having one’s privileged fiat position undermined, but the most distressing shortcoming of the naysayers is

their inability to offer any viable alternative whatsoever to solving the systemic injustices that causes billions of people to be left behind in the fiat monetary system. 9/10

10. Bitcoin has the potential to be the most powerful, valuable digital network in history because it brings opportunity to billions; therefore, embracing bitcoin might just be less risky and more ethical than ignoring it. 10/10