Image for post
Image for post
Illustration by Sylvain Saurel

Buying Bitcoin Puts You in the Difficult Position of Those Who Are Right Before 99% of People

Your role is to help others discover the ugly truth.

Sylvain Saurel
Sep 12 · 6 min read

It is with these words of the writer Robert A. Heinlein that I had to begin this story.

Indeed, it is never easy to be right before others. It is unacceptable on a social level in our society. I imagine that the majority of people prefer to remain in the mass for this reason alone.

Staying in the mass of those who are wrong, rather than stepping out to express a divergent point of view that will prove to be the truth in the future, means choosing the easy way out.

Once you open your eyes to an ugly truth, I don’t see how you can continue to stand there with your eyes closed. What I feel is what all Bitcoiners have felt since they discovered Bitcoin, but also the flaws of the current monetary and financial system that is not fixable.

We can’t stay with our eyes closed before all these flaws.

Satoshi Nakamoto created Bitcoin as a response to the flaws of the current system

After the economic crisis of 2008, Satoshi Nakamoto decided to react and to propose to as many people as possible a solution to get out of the vicious circle in which we are trapped by the current system.

This vicious circle is that of a generalized impoverishment that has been going on for almost 50 years.

The purchasing power of $1,000 in 1971 is not even worth $150 in 2020. And this decline of more than 85% in the value of the U.S. dollar occurred before the great monetary inflation that we are currently experiencing.

The current monetary and financial system is suffering from seven deadly sins that will lead to its loss sooner or later. Unfortunately, it is only a matter of time.

After discovering this ugly truth about the current system, it is impossible to sit idly by and wait for it to implode. Bitcoin exists, and it is our only hope for a fairer world in the future when it comes to money.

Bitcoin will have enormous impacts in all areas of society

The greater justice that Bitcoin will allow will have implications at all levels for the society of the future. At the social level, Bitcoin gives the same opportunities to all its users. This will help to restart a social elevator that has been broken for far too long now.

Did you know that it takes 7 generations for a poor American citizen to hope that his or her descendants will rise out of poverty?

And again, I am talking about hope here, because in all likelihood, unfortunately, they will never come out. In South Africa or Brazil, it is even worse. It takes at least 9 generations to hope to come out of one’s social class.

The current system, because of its injustice, has created a status quo in society. Whoever is born poor has a 90% chance of ending up poor. Whoever is born rich has a 90% chance of ending up rich. No matter what choices these people make, they are likely to remain in their original social class.

Under these conditions, what is the point of working hard and making daily efforts?

The U.S. dollar was designed to be spent

The U.S. dollar, which is at the center of the current monetary and financial system, was designed to be spent so much more. Everything is done to make you spend more and more money in our society. If you chose to save, inflation would inevitably devalue your wealth.

With the U.S. dollar, you have no choice but to consume. You cannot live your life on your own terms.

Governments or bankers may prohibit you from using your hard-earned money as you wish. What you own can be confiscated at any time.

You are the servant of the system, and you must blindly believe what the people at the head of the system tell you is the truth. History has shown us that this mode of operation could not work for the good of the greatest number of people.

Bitcoin gives you the power

With Bitcoin, you are in total control. Bitcoin needs you as much as you need Bitcoin. Bitcoin reconciles the individual interests of the individual with the interests of the collective.

You can opt for low time preference because Bitcoin is a savings technology. Its maximum offer is limited to 21 million BTC and its quantitative hardening monetary policy protects what you own. Better yet, Bitcoin increases in value over time due to this scarcity.

No need to spend your money on useless things that society forces you to buy with Bitcoin. As long as you have the private keys associated with your Bitcoins, no one can confiscate them from you. You are the only master on board.

This ugly truth has been understood by all Bitcoiners over the past decade. Some before others, of course. But all along the path of the Bitcoin revolution, Bitcoiners have received mockery, attacks, and criticism from those who have not yet opened their eyes.

Being right before everyone else, Bitcoiners have a heavy responsibility

Bitcoiners are only wrong for being right too soon. As Robert A. Heinlein rightly said, this is socially unacceptable.

Yet Bitcoiners cannot turn a blind eye to what they have discovered. Bitcoiners have a great responsibility with Bitcoin. They play the role of missionaries who must help as many people as possible to open their eyes to the flaws of the current monetary and financial system.

The Bitcoin revolution serves the interests of all humanity.

It must succeed for hundreds of millions of people in emerging countries or countries under authoritarian regimes. These people are already making Bitcoin their Plan A in their daily lives. If Bitcoin were to fail, people living in Western countries could recover.

It would be depressing to think that we would be left with no way out of the current system again. However, life could take its course.

For the people who need Bitcoin the most, it would be a disaster.

Bitcoin helps to protect fundamental human rights

By purchasing Bitcoin, millions of people will be able to preserve several fundamental human rights:

  1. The right to privacy. Bitcoin’s pseudonymous network allows you to guarantee your privacy in matters of money as long as you do not reveal to anyone the addresses that belong to you on the network.
  2. The right to basic banking services. In Western countries, this right seems obvious to you. However, hundreds of millions of people in Africa have been excluded from the banking system since the beginning of time. Bitcoin gives them access to the best bank in the world: themselves.
  3. The right to security through encryption. This fundamental right guarantees the proper functioning of Bitcoin. Many government agencies wish to include backdoors in most online systems. Bitcoin protects you regarding money from the surveillance society that these companies want to establish for the world of the future.
  4. The right to freedom of speech. Since your Bitcoins cannot be censored, no one can pressure you to stop you from speaking as you wish. As such, a decentralized platform like Voice is essential to guarantee you freedom of speech in the face of social networks like Facebook or Twitter where censorship is becoming the norm.
  5. The right to save your money. Bitcoin is a savings technology. Bitcoin has a hard-capped supply. Besides, the issuance of new Bitcoins continues to slow down over time. Bitcoin’s monetary policy emphasizes the virtues of quantitative hardening. As time passes, new Bitcoins become increasingly scarce, which increases the value of the units already in circulation. With Bitcoin, you can therefore opt for a low time preference without the risk of seeing what you own lose value like the U.S. dollar for example.

Conclusion

As Bitcoiners, we, therefore, have a heavy responsibility when we defend Bitcoin and try to open the eyes of more and more people from the general public.

Being well aware of this major responsibility that comes from being right before others, we will continue to defend Bitcoin no matter what happens in the years to come.

At the end of the road is a success for the Bitcoin revolution, and a growing number of people will be at our side. The most lucid will even take the time to thank the early Bitcoiners who helped Satoshi Nakamoto’s dream come true.

This is what is at stake for the years to come, and the reasons why we fight for Bitcoin daily.


In Bitcoin We Trust

In Bitcoin We Trust is a place where Bitcoin believers…

Sylvain Saurel

Written by

Entrepreneur / Developer / Blogger / Author. In Bitcoin We Trust: https://www.inbitcoinwetrust.net

In Bitcoin We Trust

In Bitcoin We Trust is a place where Bitcoin believers share their ideas about the upcoming revolution. Blockchain and cryptocurrencies are also covered in this publication.

Sylvain Saurel

Written by

Entrepreneur / Developer / Blogger / Author. In Bitcoin We Trust: https://www.inbitcoinwetrust.net

In Bitcoin We Trust

In Bitcoin We Trust is a place where Bitcoin believers share their ideas about the upcoming revolution. Blockchain and cryptocurrencies are also covered in this publication.

Welcome to a place where words matter. On Medium, smart voices and original ideas take center stage - with no ads in sight. Watch

Follow all the topics you care about, and we’ll deliver the best stories for you to your homepage and inbox. Explore

Get unlimited access to the best stories on Medium — and support writers while you’re at it. Just $5/month. Upgrade