If you don't trust your government and the financial industry, you need to read this 👇

#BTC    are digital tokens issued by the #Bitcoin    software.

The Bitcoin software is just a ledger (record of transactions) of the movements of BTC from one address, which you can think of almost as an account, to another.

When you run the software, you're basically just going through the history of every transaction on the network and confirming where each token belongs.

If someone wants to send you Bitcoin, you can use your version of the ledger to verify that you received it.

Why do you need to know this?

In the legacy financial system, someone else verifies on your behalf.

We rely on financial institutions to complete all functions of banking for us.

We believe that banks are holding our money and keeping it safe.

We trust them.

In reality banks lend our money to earn a profit and increase the price of EVERYTHING.

Governments work with banks to ensure they can borrow money to further their political interests. They keep us blind to the profits that banks earn by using our money, by ensuring there's no focus on financial literacy.

You're intentionally kept in the dark about how the legacy financial system works, because if you understood that your deposits are at risk, why would you give your money to the bank for free?

Banks use your money to make your life more expensive.

Think about the last time you met someone who bought a house.

They most likely bought that house using a mortgage, and wouldn't have been able to afford the house without borrowing money from a bank first.

When banks give out mortgages, they increase the cost of housing for EVERYONE because by lending they increase immediate demand for houses.

When the cost of housing increases, so does everything else. People need to be paid more to survive, so employers have to pay higher salaries. To maintain those higher salaries, employers charge customers more for products and services.

How often do banks openly tell you that your money is being borrowed by someone else as soon as you deposit it?

I had to learn about the banking system on my own after going to school for accounting and finance, AND finishing the CFA program.

With Bitcoin, you don't have to trust a bank to make sure your money is there when you need it. You don't have to trust your government to have your back when it comes to your savings. You don't have to worry about your money being used to fund wars.

You trust your own version of the ledger, and you use incorruptible software to ensure your money is protected.

As soon as you hold your BTC in your own wallet (instead of leaving it on an exchange), nobody can take risks with or spend your savings without your permission.