Why Bitcoin?

Exchange rates of fiat currencies compared: (100,000 Venezuelan Bolivar for 1 USD) and (20,000 USD for 1 Bitcoin)

What is financial self-sovereignty?

Why did we stop using the gold standard?

Executive Order 6102
“Deliver all your gold to our vaults in exchange for worthless paper, or we will use violence against you.”

What’s wrong with fiat currency and central banks?

“The root problem with conventional currency is all the trust that’s required to make it work. The central bank must be trusted not to debase the currency, but the history of fiat currencies is full of breaches of that trust. Banks must be trusted to hold our money and transfer it electronically, but they lend it out in waves of credit bubbles with barely a fraction in reserve.” — Satoshi Nakamoto

How can people steal my money if it’s in a bank?

Banks can issue an infinite amount of fiat currency, either by printing or using a digital database.
Governments absolutely can and will steal your fiat currency

How do people use my financial data against me?

How do people control who I transact with?

Privacy isn’t about something to hide. Privacy is about something to protect.” — Edward Snowden

How do we get back our financial self-sovereignty?

Combining digital signatures, a distributed ledger, and a peer-to-peer network, Bitcoin was born.

How does Bitcoin work?

So then, Why Bitcoin?

How is Bitcoin better than the fiat currency system?

How does Bitcoin protect against Inflation?

How does Bitcoin protect against Seizure?

How does Bitcoin protect Privacy?

How does Bitcoin protect against Censorship?

Centralization bad. Decentralization good. Distributed peer-to-peer best.

What will government and banks do about Bitcoin?

Trump says Bitcoin isn’t money and warn its value is highly volatile.
European Central Bank says Bitcoin is not a currency and warns it is very volatile.

Is the value of Bitcoin volatile?

Is Bitcoin Money?

Bitcoin as a Store of Value

Bitcoin as a Medium of Exchange

Bitcoin as a Unit of Account

Bitcoin as a System of Control

What about “The Next Bitcoin” ?

In closing

How do I get started using Bitcoin?



Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store