Can I explain it? Store of value, medium of exchange P2P currency all in one.
To understand just how we have ended up with our cash being worth less as time has gone, and will continue to follow this trend as long as we continue to work like this, it’s important to remember that cash hasn’t been a storage of value since it was taken away from the gold standard. Without teaching one to suck eggs, cash today is simply not worth saving, and that’s the reason we are advised to purchase investments like property and stocks, as a way to grow wealth. The problem with this is that money gets printed to meet the demand of lending, which means a cycle of currency debasement. The result is exactly what we find ourself with today, dangerous levels of inflation; irreversible FIAT inflation.
Can we have both simultaneously? Can a sound money be both, and truly beat inflation? It would need to be available to anyone and everyone. Free to use and recognised globally. Going up in value, instead of down.
MicroStrategy is using Bitcoin for their balance sheet, El Salvador as reserve and a currency — proof it works.
That’s how you prove it works. Bitcoin, it does both. FIAT money doesn’t. It’s that simple!
Can Fiat do that? Does Fiat work as a store of value and a currency? No, why? Because of inflation. Bitcoin is deflationary, is completely scarce to the point where I’d argue it’s one of the scarcest discoveries of our time.
It’s built upon a network of people like me and you. It’s a true democracy, the hardest money ever introduced to our civilisation.
To the skeptic, hear me out……
Why can’t a currency work in a way that as everyone holds it, works for it and uses it to buy goods, it’s also designed to go up in value?
You’ll see this as too good to be true, almost impossible because you’re so used to it going down. So did I. I’d never imagined not worrying about having to invest in things like property and saving accounts. We use money, we use FIAT money every day, billions exchange hands and accounts every single day, and you do not benefit from that. Middle men do. Every transaction, every day our FIAT money sits in accounts going down in value. That is simply a fact. To compound that utter nonsense, whilst our money sits in these banks, it’s loaned out which further benefits the huge banks who use it. They make billions every day from our money.
If I was to ask you to completely reverse how that works, and ask you to imagine how it would be if we reversed the banks benefiting from all the usage, and the benefit of using that money to loan out — imagine if we saw that increase in wealth growth instead of a how it currently works.
By mass transactions, without a middle man, we would all benefit. I believe if we took the benefits instead of the bank, it would literally reverse inflation and our currency would almost certainly, always go up, instead of how FIAT literally just goes down.
If you wouldn’t want your money to be both, a store of value and a truly P2P currency then you’ll always be open to inflation. Maybe you can’t see it yet, that’s ok. It’s so hard to imagine money being both, because throughout all our history with money, it’s never been possible, so imagining it would almost be like imagining a device with all the capabilities that your iPhone has back in the 80s. Remember the phrase — You need to pin your ears back in my maths lesson, you’ll not be able to walk around with a calculator when you leave school — That aged well, Mrs Evans. I now walk around with more capabilities than not just that maths class back in 99, but the whole school. More knowledge and information is in my pocket than the entire high school — ain’t that something.
That will be the same as a quote saying Bitcoin isn’t real money, or that it can’t be both a truly P2P cash system at the same time as a store of value which goes up for ever. I don’t think it’s crazy, it literally works like that now.
FIAT goes down FOREVER, Bitcoin is going up forever. Just take a look. That’s why they don’t like it. It’s sucked up over One Trillion Dollars already, and it’s not even started. You’re still early. Borderless, permission-less, fast and free.
Imagine if your money could do that, you’d value it a lot more than giving it away for 0.8% interest in a greedy central banking system. You’d see it grow in value almost every day, on an average year over year basis. The evidence is already there. It is battle proven, and growing every day. Money that can’t be fucked with. True ownership, like never before.
BITCOIN! NgU over NgD
Transparent Hope. The Immaculate Concept.
Gunnga
