Speaking of paradigm shifts...

It is clear (to me) that government fiat/credit-based currencies incentivize two classes of citizens: Owners and Renters.

Over time, as monetary inflation/debasement continues and increases, the Owner class gets increasingly wealthy, while the Renter class continues to lose purchasing power.

#Bitcoin, as a bearer asset, is available to essentially all who want to participate in the decentralized, secure, scarce, and permissionless monetary network.

This bearer asset is the purest form of ownership (it's no one else's liability) and will--organically, from the bottom-up--help transform the long-suffering Renter class into Owners.

In so doing, the majority of humanity will slowly but surely experience new-found prosperity as the purchasing power of humans increases over time, much to the chagrin of governments and their proof of stake fiat currencies.

Truly, #Bitcoin is better money for a better world.

Reply to this note

Please Login to reply.

Discussion

Finally, increasing purchasing power with a low(er) barrier to entry.