Bitcoin Brings Freedom

With Bitcoin, confiscation of wealth through taxation will be difficult. States and local governments will have to rely more on voluntary contributions and not coerced taxation. If your state of choice tries to confiscate your wealth you can simply pack up and move, holding the keys to your Kingdom in your head.

As it stands today, people are forced to invest in real estate, stocks and bonds to keep their savings from being confiscated by inflation. On a Bitcoin standard, there is no need to play these games. The value of real estate, stocks, and bonds would represent the present and future value of cash flow adjusted for decay and the cost of maintenance.

This means that most of the people forced by inflation into an alternative store of value would leave these assets and enter bitcoin. These assets will then have to compete with bitcoin to maintain a price level above their reasonably expected future return.

Real estate will become more affordable and we will see an end to huge bubbles in these asset classes.

The freedom and power of the individual will increase by an order of magnitude and the tyrannies of the old will have a hard time surviving.

This is why many Bitcoiners simply equate Bitcoin to freedom. It gives you power to control your own destiny like no other money in the history of man.

The power of Bitcoin to transform society will come as a shock, and people will say nobody could see this coming. Well, except quite a few visionary early adopters…