As a monetary system #Bitcoin is extremely simple in comparison to the USD.
It has a total fixed supply of money and a pre-deternined issuance schedule.
As a rule of thumb, less is more. In every facet of life we aim for simplicity. The monetary system should be no different.
They will promise security, inclusion and privacy but they will deliver surveillance, control and oppression.
#Bitcoin fixes this by being permissionless, pseudonymous and apolitical.
https://twitter.com/ecb/status/1727990572302872963?t=BuBOFydtfr80BZEgBEs66g&s=19
As a Bitcoiner, it's challenging to confront a room full of #Fiat-minded people. Nevertheless, I do it for their sake and mine.
#Bitcoin adoption.
The USD monetary system is liabilities driven. For it to function properly, more and more debt is needed, making it extremely fragile. That debt is never repaid, and it's only a matter of time until what keeps it standing is rugged from underneath it: TRUST.
#Bitcoin doesn't require trust.
You don't actually own property.
You rent it from the government.
#Bitcoin in self-custody is the only asset that you can truly own.
The IMF's new #CBDC Virtual Handbook aims to share knowledge, lessons, and frameworks to help policymakers develop and implement surveillance and control measures for the general population.
#Bitcoin is the opt-out mechanism.
https://twitter.com/IMFNews/status/1727689217130815742?t=Uy0hyY1BMoC_lL5pA15kFA&s=19
Absolute scarcity isn't fully priced into the #Bitcoin price. How could it be when we've never experienced it before? Keep an open mind.
#CBDCs are on the horizon.
Total surveillance states and financial oppression are no longer sci-fi narratives.
Learn as much as you can about them and share with others.
#Bitcoin adoption is our only hope.
Central bank political independence represents peak gaslighting. The illusion of decentralization persists due to the existence of 12 regional Federal Reserve banks.
In reality, the majority of its influence is consolidated at the Federal Reserve Bank of New York, where all open market operations decided by the Federal Open Market Committee (FOMC) take place.
The FOMC, responsible for making monetary policy decisions, is comprised of:
a - The head of the Federal Reserve Bank of New York, who consistently holds a committee seat without clear and reasonable justification, thus emphasizing the centralization of influence within the FOMC.
b - Seven members from the Federal Reserve Board of Governors, representing the majority of the committee, are appointed by the president and confirmed by the Senate, rendering them politically dependent.
c - Four rotating appointees representing the minority of the committee are chosen from the remaining eleven regional banks. These appointments are made by the Federal Reserve Board of Governors, which is also political, given that the Board of Governors itself is appointed through political means.
It's convoluted , isn’t it? That’s precisely their goal.
#Bitcoin simplifies matters by eliminating all aspects of human intervention. A monetary system that is corruption resistant and apolitical in nature.
Imagine keeping your entire cash stack in 1 dollar bill denominations. Or would you prefer it consolidated in a variety of sizes?
Think of #Bitcoin UTXO management in the same practical way.
Consolidate and manage your stack for efficiency.
#Bitcoin self-custody and UTXO management go hand in hand. We shouldn't promote one without the other.
It's the only way to comprehensively manage wealth.
#Bitcoin is multidimensional.
It serves as an asset, a clock, an energy monetizer, a monetary system, a savings vehicle, an opt-out mechanism, and a freedom technology.
The obfuscation of the monetary system is intentional. Ignorance of its workings is targeted and reinforced. Money has been hijacked, and manufactured division keeps us too distracted to seek the truth. Learn about #money and #Bitcoin.
"It might make sense just to get some in case it catches on."
#Bitcoin catches on.
We think about money all the time. If the money is corrupt, unethical, and unsound our critical thinking faculties become distorted. The system, and the money are unstable. We undergo booms and busts that are directly linked to the expansion and contraction of the supply of money within the economy.
We are constantly thinking about acquiring money, but more importantly, keeping it. Whether it be an unconscious or conscious decision we attempt to maintain its value and cancel out the effects of loss of purchasing power.
This normalizes risk taking, unethical behavior and high time preference. We are distracted on a daily basis by having to become money managers. It becomes a matter of survival.
As a result, many of us become too occupied with survival to seek truth about the variety of divisive narratives being pushed on us by governments, mega corporations and the privileged.
In such an environment, most don’t have time to critically think, busy trying to make ends meet and taking risks to maintain the purchasing power of the money, they become zealots.
#Bitcoin fixes this.
The concept of self-custodying wealth has deep roots in history. Long before the emergence of banks and goldsmiths, individuals safeguarded their fortunes at home or in secret locations known only to them. This instinct to keep what's precious nearby reflects a fundamental human tendency. We've always been wary of entrusting the fruits of our labor to others.
In today's world, however, this practice seems like a distant memory. Storing significant amounts of money at home is often dismissed as paranoid or high-risk. We've been conditioned to place blind trust in institutions, despite their repeated failures.
Enter #Bitcoin, the decentralized monetary network reshaping our financial landscape. With Bitcoin, we now have the means to return to our historical habits of securely self-custodying wealth. No longer confined to physical forms like shells, beads, or gold, our wealth can be safeguarded in the digital realm, shielded from confiscation and free from counterparty risk.
Consider these setups, each offering varying degrees of complexity for self-custody:
Single signature hot wallets.
Single signature hot wallets with passphrase.
Single signature cold wallets.
Single signature cold wallets with passphrase.
Multi signature hot wallets.
Multi signature cold wallets.
In a world driven by digital innovation, embracing the self-custodying capabilities of Bitcoin allows us to reclaim control over our financial destinies. It's a return to a time-honored practice, leveraging cutting-edge technology to protect and preserve what matters most: our wealth and freedom.
The United States will inevitably inflate the USD to service its debt, amplifying its deficit and leading to additional devaluation of the currency. We stand at a critical juncture in the debt spiral, with no politically viable solution. The most likely scenario involves delaying the inevitable consequences, but, ultimately, the entire monetary system will collapse.
The current system relies on trust to retain its value. Without trust, it loses all meaning.
#Bitcoin, on the other hand, operates on a trustless, rules-based monetary system.
Prepare accordingly.
#Money, once a byproduct of the free market, underwent a transformation with the introduction of #Fiat currencies. Our money has been captured and weaponized by a select few to their advantage.
A journey into the history of money and an exploration of the inner workings of central banks and the broader banking system sheds light on the undeniable significance of #Bitcoin.
Bitcoin stands resilient against manipulation, impervious to capture, and immune to confiscation.
Functioning as a great equalizer, Bitcoin levels the playing field for all participants. Disregarding Bitcoin means overlooking a pivotal force challenging the existing broken norms.
Study #Bitcoin with the gravity it deserves, as your very freedom hinges on the understanding of this transformative asset.
I embarked on my #Bitcoin journey for personal reasons, and now, I'm firmly committed to staying and helping others understand the profound significance of Bitcoin.