The relationship between debt and the #money supply is significant. When the government issues debt, and the Federal Reserve purchases it, new money is effectively created out of thin air. Over time, as the government's debt burden grows, there is a need to create additional money to service the mounting obligations. This effectively leads to a constant debasement of the currency.

#Bitcoin fixes this.

Sound #Money's key feature is its ability to store value. It should preserve your physical energy and time for future use. If money loses purchasing power over time, it fails at its core.

#Bitcoin fixes this.

There are four stages to the Don’t Trust. Verify! #Bitcoin ethos.

1) The Frustration and Revelation

2) Challenging Traditional Finance

3) Questioning the system

4) Taking control

The Frustration and Revelation

Imagine diving into the world of Bitcoin, only to be greeted by frustration at every turn. As a non-tech person, the journey to understand this revolutionary phenomenon can be bewildering. But amidst the confusion lies a moment of revelation, where everything clicks and the true power of Bitcoin reveals itself. It's an unforgettable experience that will leave you forever changed.

Challenging Traditional Finance

For years, I thought I had a firm grasp on the concept of money. As a seasoned professional in traditional finance, I confidently navigated the world of foreign exchange, equities, and fixed income. Little did I know, there was a hidden layer of knowledge waiting to be uncovered. Bitcoin challenged my understanding and forced me to question the very foundation of our financial system. Are we truly in control of our money? The answer might surprise you.

Questioning the System

Armed with a newfound understanding of money, my skepticism grew. I began to question the narratives fed to us by the media, the motives of politicians, and the power of institutions. Anchored in the principles of scarcity, free markets, and the insidious effects of inflation, a veil was lifted from my eyes. The flaws of the system became glaringly apparent, revealing a landscape of unfairness, injustice, and manipulation.

Taking Control

In that moment of realization, I made a conscious decision to break free from the chains of mainstream influence. No longer would I be swayed by their agendas and half-truths. I took control of my own research and embarked on a journey of self-discovery.

Now, I invite you to join me. Together, let's uncover the truth, challenge the status quo, and pave a path towards a future where we are truly in control of our financial destiny.

Bitcoin Crusaders

Since I discovered Bitcoin a few years ago, my work ethic and discipline have taken on a new form.

I find myself thinking about it all the time. #Bitcoin is not merely a rabbit hole; it encompasses a multitude of them. To gain a genuine understanding of Bitcoin, one must delve profoundly into various disciplines such as economics, finance, politics, technology, energy, game theory, cryptography, and more. These topics are fundamentally academic and intellectual in nature. Simultaneously, your journey into Bitcoin touches your very core. It makes you question certain beliefs, your morals, and your perception of the world.

As you delve deeper into the world of Bitcoin, it instills a profound shift in mindset, specifically transitioning one from a high time preference to a low time preference. Bitcoin's inherent characteristics of limited supply, decentralization, and long-term value preservation encourage individuals to prioritize future-oriented thinking and patience over immediate gratification. This shift in mindset promotes a greater appreciation for saving, investing, and planning for the long-term, aligning one's actions with the principles of financial responsibility and self-sovereignty.

Moreover, this newfound perspective is complemented by an undeniable flame that ignites within – hope. Though often unspoken, we can collectively acknowledge the pervasive sense of despair that exists in the world. Bitcoin dissolves that despair and recasts it into hopefulness. It represents a transformative force, providing an alternative to the unjust and corrupt systems that permeate our society.

Combined with the knowledge acquired on this journey, you become a truth-seeking, freedom-fighting crusader on a mission to abolish the chains of an unjust and corrupt system. Bitcoin empowers individuals to take control of their financial destiny, promoting transparency, inclusivity, and the decentralization of power.

#Bitcoin is unique in many ways:

1⃣It is the most decentralized monetary network.

2⃣It is the scarcest asset.

3⃣It is the most neutral and apolitical communications system.

4⃣It is the most resilient and incorruptible protocol.

The very essence of our freedom lies in our right to transact. It is through transactions that we connect and participate in the modern economy. However, the emergence of Central Bank Digital Currencies (#CBDCs) represents a direct assault on this vital freedom and our right to privacy. Despite their marketing claims of convenience, privacy, and similarity to cash, we would be placing our trust in these entities not to exploit their newfound powers. Unfortunately, history has repeatedly demonstrated that centralized entities eventually succumb to the temptation of abusing monetary and information systems. Therefore, we must firmly reject them.

In contrast, #Bitcoin stands as a powerful tool that empowers our freedom to transact. It operates on the principles of permissionlessness, decentralization, and pseudonymity, providing us with the means to reclaim control over our transactions and preserve our fundamental liberties.

Our cherished freedom is gradually slipping away, with Central Bank Digital Currencies (#CBDCs) serving as the climax of this encroachment. It's understandable that we've grown complacent, lured by the allure of convenience. After all, who wouldn't desire things to be effortlessly accessible?

Nevertheless, we must recognize that the notion of convenience is being exploited by powerful institutions and governments to advance surveillance and control agendas. These entities employ emotionally charged language like "in your best interest" and "for your own good" to sway public opinion.

Amidst this blurred reality, we must shoulder the responsibility of scrutinizing every policy and openly engaging in debate.

Embarking on my journey into the depths of the #Bitcoin phenomenon has imparted invaluable wisdom.

Above all, I've learned a fundamental principle: DON'T TRUST. VERIFY!

New #money inflates prices. Monetary inflation is the cause of price inflation. An expansion of the money supply (i.e. increasing the quantity of money) does not result in an increase in goods and services in an economy. It leads to more money going after the same amount of goods and services. As a result, prices go up without any increase in productivity.

Also, this new money does not reach everyone at the same time. High net worth individuals, banks, government institutions, and corporations, those close to the issuer of money (i.e. central banks) will receive the money first and will purchase goods and services at pre-inflation prices (i.e. at prices that do not reflect the increase in the money supply). The rest, the salaried individuals, will receive it last following the rise in prices of all goods and services in an economy.

The system is unjust. Increasing the money supply is a hidden tax on the masses. It breaches the contract of trust, i.e. maintaining the value of the money into the future, put in place by central planners and society.

#Bitcoin fixes this.

Our society has come to accept the unfortunate reality that the #money we earn loses value every year. We've grown accustomed to the concept of monetary inflation and the need to take risks in order to preserve the value of our hard-earned income.

But what if I told you there's a third option?

Rather than succumbing to the devaluation of traditional currencies, you can choose to buy and hold #Bitcoin. Unlike fiat money, Bitcoin is immune to debasement. Its value grows alongside the increasing demand for it, while its supply remains fixed.

There are four types of monetary systems:

Public ledger - #Bitcoin

Private ledger - #CBDC

Commodity-based

Commodity-backed

Here is a high level description of each.

A public ledger system is permissionless (i.e. the system is open to anyone who wants to participate). Transactions and the creation of #money is recorded and validated by a decentralized network of computers. #Bitcoin is an example of such a system, where transactions are recorded on a public ledger called the blockchain. This type of system is apolitical, voluntary, and totally transparent. Every transaction can be audited by anyone with a computer and an internet connection.

A private ledger system is a permissioned (i.e. closed) and highly centralized system. Transactions and the issuance of money is managed by a central authority (i.e. central banks), using digital currency. Transactions records are private and not accessible to the general public. Central Bank Digital Currencies (#CBDCs) are an example of such a system, where the central bank issues and controls the money for use within its respective country. This type of system is political, involuntary, and opaque. Participants have to trust the central planners to not abuse their power and debase the value of their money. The risk of such a system being implemented are, state surveillance and control, erosion of the freedom to transact.

In a commodity-backed system, the money is directly linked to a physical commodity such as gold through a fixed exchange rate or convertibility. In other words, the paper money issued by central planners is redeemable upon demand for gold held in reserves. The gold-backing provided confidence in the currency maintaining its value and limited the ability of central banks to print unlimited amounts of money which needed to be backed by gold.

In a commodity-based system, the value of money is directly tied to a physical commodity, typically gold. The value of the money in such a system is determined by the supply and demand of the commodity. Think of the gold standard, which ended in 1971. The value of currencies was tied to the value of gold, meaning that their value was determined by the amount of gold reserves held by a country's central bank. It’s important to note that in such a system there is no convertibility of the currency to gold. The price of gold is simply used as a reference to establish the value of the currency. This system as history shows displayed fragility given the ability of central planners to circumvent constraints that would have been more rigid under a commodity based monetary system.

We will likely never go back to a commodity-based or backed monetary system. Among the two remaining choices we have, #Bitcoin    and #CBDCs, only one will save us from total surveillance and control. Bitcoin!

#Bitcoin stands out as a store of value like no other due to its fixed limited supply of 21 million, making it immune to debasement. Unfortunately, many fail to realize that the current monetary system operates through the expansion of the money supply, commonly known as money printing. This continuous expansion gradually erodes the value of the currency over time.

Furthermore, history has demonstrated that all fiat money eventually collapses. As trust in our institutions and the governments backing such currencies continues to decline, the imminent collapse of the #Fiat system becomes more apparent.

#Fiat is an involuntary system.

#Bitcoin is a voluntary system.

Voluntary systems excel in economic efficiency compared to involuntary systems, as the latter squander valuable energy and resources enforcing coercion.

In voluntary systems, individuals willingly participate, leading to optimized resource allocation and utilization. In contrast, involuntary systems rely on coercion, draining productivity and diverting resources away from productive endeavors.

By eliminating the need for enforcement, voluntary systems foster efficiency, productivity, and economic growth. In contrast, involuntary systems suffer from the burdensome costs of coercion, hindering progress and impeding economic potential.

Voluntary systems are the key to unlocking a more economically prosperous future, where resource allocation is efficient, innovation thrives, and societal well-being flourishes.

War requires substantial financial resources. If you stand against war, it implies opposition to the institutions that enable and support it. So, how does the US government finance its war efforts? Primarily through the Federal Reserve, which expands the money supply through the process known as printing money. Central banks provide limitless funding for never-ending wars. Without these institutions, governments worldwide would face constraints in waging wars due to their exorbitant costs.

#Bitcoin, similar to a commodity backed monetary system, restricts the ability of governments to wage wars.

#Money is a technology that has emerged organically from the free market. Its purpose is to store value in order to obtain wealth (i.e. goods and service) in the future. #Bitcoin represents the next evolutionary leap in the realm of money.

Free markets can only exist when accompanied by free market #money. However, we are being deceived, as the market is consistently manipulated. Each economic transaction within our system is influenced by the decisions made by an unelected few at the central bank. To truly thrive, we must adopt a form of money that remains impervious to manipulation and inflation, preventing the wasteful allocation of resources in inefficient government programs and spending.

#Bitcoin is that money.

Monetary history shows us that the debasement of #money always leads to the collapse of empires.

When governments get too big, social programs too large, and money too abundant the system collapses. This has happened time and time again.

Here are a few examples:

- The Roman Empire

- The Byzantine Empire

- The Ottoman Empire

- The Chinese Empires such as the Tang, Song, and Ming dynasties

What’s next? The #UnitedStates Empire?

#Bitcoin fixes this.

The quality of a society is directly proportional to the quality of its #money. High-quality money stores the value of your time and energy into the future, maintaining your purchasing power. Clearly, the #USD has failed to do so.

#Bitcoin fixes this.

Since the advent of The #Fiat Standard in 1971, currency became solely reliant on the trust placed in the government issuing it. When this trust erodes, the currency's value collapses, as witnessed in numerous countries grappling with #hyperinflation. Similar dynamics exist in the west, though the process unfolds more gradually before reaching a tipping point.

On the other hand, #Bitcoin stands apart as a unique asset that is immune to debasement. Its limited supply and predetermined issuance prevent arbitrary manipulation, setting it apart from fiat currencies. Also, when securely stored through practices like self-custody and multi-signature wallets, Bitcoin resists confiscation attempts, offering an added layer of protection for property holders.

Central planners unfailingly succumb to the temptation of power abuse, particularly when it pertains to the realm of #money, the most coveted asset of our contemporary society. The ability to indiscriminately print more of it inevitably corrupts even the most virtuous among us.

In recognition of this inherent flaw, #Satoshi emerged with a revolutionary solution: #Bitcoin. Designed to be impervious to the influence of any entity, especially politicians and bankers who often exemplify the darkest facets of our species, Bitcoin embodies a form of money beyond control.

The value proposition of #Bitcoin may take time for the masses to understand. To achieve this, they need to unlearn some entrenched beliefs they have about money. Bitcoin represents a paradigm shift in the way we think about money. When individuals dedicate more time to learning about Bitcoin, the less they will be influenced by mainstream narratives telling them what to think, what to believe and how to act.

The current economic system has made asset ownership unattainable or extremely difficult for the majority of people in modern society. Central bank interventions, such as increasing the money supply, leads to an increase in asset prices, as more dollars pursue the same amount of goods within the economy.

Privileged individuals, such as banks, large institutions, and high net worth individuals, have access to cheap money, and therefore tend to front-run the average salaried individual in purchasing assets, essentially buying at pre-inflation prices. This results in the average person being pushed out of the market as prices increase. This is known as the Cantillon effect.

On top of that, these assets are being used as savings vehicles to compensate for the erosion of purchasing power of the currency as a result of the expansion of the money supply. They are increasingly overpriced given the monetary premium being attributed to them. If money was not broken, people would be less likely to take on risk in an attempt to maintain the value of their hard work into the future.

Essentially, our current system perpetually privileges the wealthy, while consistently placing the average person at a disadvantage. What's more troubling is that most individuals are unaware of this reality.

#Bitcoin fixes this.