It seems that, as far as money is concerned, a lot of people have a very short memory.

Governments stepped in massively during both the “Great Recession” and the recent pandemic to bail out banks and other businesses, and were subsequently criticized quite harshly because of the massive taxpayers losses that those bailouts created. But as soon as the banking “crisis” from a couple weeks ago came along, people begged for governments to ride to the rescue with more bailouts.

#Bitcoin is money that allows us to protect our wealth from governments, corporations, and everyone else who wants to use our money to cover their losses. No other money in the world offers us that like #BTC does.

I released an article last week addressing how we pay for our governments’ losses, whether or not they admit it. Check it out for yourself:

https://hifibitcoin.substack.com/p/government-losses-are-always-borne-by-taxpayers

If you don’t control the keys to your Bitcoin, you don’t actually have any #Bitcoin. You have a promise from the person or company holding your Bitcoin that they’ll be delivered to you when you ask, and you have a hope that the promise won’t be broken. Recent events in traditional finance and in “Crypto” have shown us that those promises aren’t worth much.

Why risk it? #BTC allows us to relatively easily protect our wealth from theft and manipulation if we choose to hold it ourselves. No other money offers us that possibility.

I wrote an article last Spring about the risks of leaving your wealth in the hands of traditional or “crypto” banks. Check it out for yourself:

https://hifibitcoin.substack.com/p/get-your-bitcoin-off-of-exchanges

People often claim that Bitcoin can’t be used at all without internet access, but the truth is that plenty of solutions are being built on top of the #BTC blockchain to allow people of all walks of life to access it.

Bitcoin is the only decentralized money in the world, is open to anyone and everyone, and cannot be stopped by any group, government, or corporation. It seems perfectly reasonable to expect that #Bitcoin usage could continue to explode for decades to come.

Bank failures are all over the news recently, and for good reason — tens of thousands of people were at risk of losing significant sums of money. We’ve been here before though, and at the rate things are going in traditional finance, we’ll be here again soon enough.

We deserve better. We deserve a system that allows us to keep control of our savings no matter what. We deserve a system that allows us to protect our earnings with ease. We deserve a system that rewards us rather than robbing us.

We deserve #Bitcoin. With Bitcoin, we can keep our money with the person we trust most in the world, ourselves, and can know with relative certainty that our money will be there when we need it.

I released an article last summer analyzing Chinese bank runs that were happening at the time and how they made the case for #BTC as money. Check it out:

https://hifibitcoin.substack.com/p/chinese-bank-runs-show-why-bitcoin-is-king

Bank failures are all over the news recently, and for good reason — tens of thousands of people were at risk of losing significant sums of money. We’ve been here before though, and at the rate things are going in traditional finance, we’ll be here again soon enough.

We deserve better. We deserve a system that allows us to keep control of our savings no matter what. We deserve a system that allows us to protect our earnings with ease. We deserve a system that rewards us rather than robbing us.

We deserve #Bitcoin. With Bitcoin, we can keep our money with the person we trust most in the world, ourselves, and can know with relative certainty that our money will be there when we need it.

I released an article last summer analyzing Chinese bank runs that were happening at the time and how they made the case for #BTC as money. Check it out:

https://hifibitcoin.substack.com/p/chinese-bank-runs-show-why-bitcoin-is-king

Bitcoin doesn’t take holidays off. And if you self-custody your #Bitcoin, there’s no risk of them being rehypothecated or of your access to them being taken away from you.

Calamities in traditional banking are powerful reminders that #BTC was created so that people could have full sovereign control over their money if they want.

I believe that there’s no better place to protect my money than in Bitcoin, and I share thoughts like this often. Follow me and check out my educational platform for more:

https://hifibitcoin.substack.com/p/your-bitcoin-one-stop-shop

Anyone who believes that #Bitcoin won’t have value once governments release Central Bank Digital Currencies must not understand very much about Bitcoin.

Bitcoin is valuable for many reasons - it’s money that’s apolitical, decentralized, unbiased, and resistant to censorship, confiscation, and debasement. CBDCs are none of those things.

I believe that #BTC is money that puts us back in control of our financial futures, and I share thoughts like this often. Follow me and check out my educational platform for more:

https://hifibitcoin.substack.com/p/your-bitcoin-one-stop-shop

Thanks!

They wouldn’t give me a straight answer.

Articles are written from time to time that imply that Bitcoin should implement a Proof of Stake consensus mechanism in order to use less energy. So why doesn’t the #BTC community do that?

Proof of Stake is inherently less decentralized than Bitcoin. In Bitcoin, anyone can operate a node with any basic computing device, and have a full say in how the blockchain runs. Meanwhile, many Proof of Stake blockchains have expensive staking minimums that none but the richest participants can afford. So Proof of Stake is largely controlled by people who have lots of resources, and leaves those who do not in the dust.

I released an article in late 2021 dissecting why Proof of Stake is not an open, equal system for everyone like #Bitcoin is. Check out the article for yourself:

https://hifibitcoin.substack.com/p/the-fatal-flaw-of-proof-of-stake

On the bright side, LinkedIn censoring me helped convince me to get on Nostr.

It happened to me again: my LinkedIn account was taken away from me for nearly two days over the weekend with no forewarning — all “for my own protection”, as people like to say. But while I was sad to lose access to my account, life for me went on.

There are hundreds of millions of people around the world facing much greater censorship. Their ability to live their lives and take care of their families is severely limited because they’re being censored financially. They need access to money that can’t be taken away from them without their consent.

They need #Bitcoin. Centralized platforms may kick us off of their protocols, but on the #BTC blockchain we never have that risk to begin with.

I released an article this morning analyzing the impact of financial censorship and how Bitcoin can be the cure. Check it out:

https://hifibitcoin.substack.com/p/decentralized-money-is-an-absolute-necessity

*BTW, if you enjoy learning about Bitcoin with me and want to make sure we don’t lose contact next time a social media platform tries to silence me, subscribe to my newsletter for free.