The Newcomer’s Bitcoin Primer

Fix the Money, Fix the World

How Our Financial System is Failing Us

The global monetary system is of the most relevant, yet complex components of modern society. It impacts every person on this planet but astonishingly, the majority has little understanding what is going on behind the scenes of the money that orchestrates their lives.

This gap of knowledge promotes avenues of misuse and corruption, seen frequently throughout history. The result is the current model of government-controlled money (otherwise known as “fiat”) which plays a large role in many of the humanitarian, societal, and economic problems we encounter today.

Why Fiat is Outdated

Over several decades, our global society has become locked in a web of financial exploitation, completely unaware of the systemic abuse occurring from the unchecked printing of dollars. Our freedom — tethered to the accumulation of these dollars — operates under an inefficient model that does not enforce accountability. While everyday people work hard to accumulate wealth and save for a better future, the worlds governing bodies endlessly print money for unclear and poorly articulated reasoning.

Furthermore, traditional finance and governance have become systems where voices go unheard and politics have a reputation of corruption and lying. With this archaic system, the people’s well-being is left in the hands of influential figures who impose their bias upon society through lobbying, culture, and media featuring strong bias, agendas, and questionable tactics.

It can be difficult to piece together but the irresponsible printing of new money is payed for, indirectly, by the everyday person through the devaluation of their saving (see below).

This isn’t the extent of the implications. Today, we also regularly witness a growing list of intolerable practices:

• World governments use citizens’ money to fund endless wars without permission.
• Policies increasingly being driven by profit and greed instead of morality and democracy.
• Unchecked issues related to economic disparity, systemic poverty, social exclusion, climate concerns, food and water accessibility, education and literacy, and so much more.

All of these share a common root — broken money.

The Wake-Up Call

For many, the realization that this very system is working against their well-being is a bitter pill to swallow. From a humanitarian level, this mishandling slowly strips away the ability to live a fulfilling life of meaning by not providing a stable, reliable, and equal way to store the “investment” of their time — money.

This is especially predominant in Gen-Z where nearly 60% of respondents reported that their financial situation is not looking good and basic needs are not being met. Just 30 years ago, a one-income household could purchase a home and live a comfortable middle-class life. Today, 2 income houses with a side hustle struggle to make ends meet. High prices are not temporary, they’re the result of an endless cycle of printing to meet debts, endlessly increasing the total supply of dollars (and thus making each one you hold worth less).

With broken money and wages that don’t keep up with the inflation of housing, education, retirement, etc… what is the incentive to work hard? If you work hard but can’t retain the value of that work, it’s difficult to find a meaningful purpose. What society lacks is economic hope that the future will be better — or maybe they just don’t know about it yet.

The Digital Revolution

All empires fall, eventually. But why? It’s not for lack of power. In fact, its often the opposite. Plato believed that societies decline because their initial virtues give way to corruption, leading to a loss of discipline and eventual downfall. This is the path destined for fiat currency as there is no way to end the downward spiral.

There is however, an escape route that has potential to address these issues and end corruption. This alternative is Bitcoin.

Bitcoin eliminates avenues for abuse by removing the middlemen we are forced to trust in our current system. It’s a trustless, transparent, and public form form of money run by the people, with the people’s best interests in mind. Accessible to anyone, anywhere, at any time with nobody to manipulate it on a fundamental level. It’s resilient to government influence and neutralizes greed at its core by rewarding those who adhere to its principles and contribute to society, promoting harmony and collective prosperity.

Ultimately, Bitcoin offers an opportunity to unite the world by shifting the concept of power from military dominance and economic exploitation to building a thriving, resilient, and inclusive global economy.

Closing Thoughts

In essence, the existing global financial system is flawed, causing inflation and eroding purchasing power. Bitcoin offers a decentralized alternative that challenges traditional financial structures, aiming for greater equity and transparency. By empowering individuals and fostering community-driven finance, Bitcoin has the potential to transform our economic landscape, offering a path toward a more stable and just future as it gains wider adoption.