Do the Math, Run the Numbers, Then You’ll Understand That Buying Bitcoin Is a No-Brainer
Don’t trust, Verify.
Time is passing, and in a few months, it will be twelve years since the Bitcoin network has been operating 24 hours a day, 7 days a week. Its uptime of 99.985% since its creation is incredible when you consider that Bitcoin has never received the support of private investment banks or governments to develop.
Bitcoin owes its success only to Satoshi Nakamoto and then to its users. Satoshi Nakamoto then had the brilliant idea of stepping aside so that Bitcoin would belong to all its users.
This gives incredible strength to Bitcoin, which is a true democracy. All its users have the same opportunities, and this is truly revolutionary in today’s world.
We are only at the beginning of the Bitcoin revolution
However, many people are still skeptical about Bitcoin. The Earth has 7.8 billion inhabitants, and Bitcoin has at most 100 million users.
This figure must be much lower since we can only have information about the addresses created on the Bitcoin network, and many of them have been inactive for a while. Besides, many people have several addresses on the Bitcoin Blockchain.
Nevertheless, this doesn’t change much about what I’m going to say to you.
The ratio between the number of people on Earth and the number of Bitcoin users is there to remind us that we are still only at the beginning of the Bitcoin revolution.
As a Bitcoiner, I tend to be more enthusiastic than average about Bitcoin, and I can sometimes forget this reality. Yet, it’s there. The big questions that come to my mind in these moments are this:
Why don’t people open their eyes to the incredible potential of Bitcoin? Why don’t they see that Bitcoin is our only way out of the vicious circle in which the current monetary and financial system traps us?
It is difficult to answer on behalf of the people concerned.
Many people still blindly believe what the leaders of the current system say
I have the feeling that a majority of people continue to be blinded by what politicians, bankers, and economists tell them all the time: Bitcoin is dangerous. It only comes out of illegal activities.
These people seem to have such confidence in their leaders that it seems like sheer blindness. They believe that the current monetary and financial system has always existed. Some people see that this system is not fair, but they are probably on the right side of the system and do not want to take the risk of a Great Reset.
Others are fatalistic in thinking that things can never change.
The economic crisis of 2020 seems likely to change mentalities. Many realize that the behavior of the Fed and other central banks in the face of economic crises is always the same: printing more and more fiat money out of thin air.
Reading that central banks printed and then injected $10 trillion to save the current system is sobering.
What worries the general public, even more, is that despite this policy of unlimited quantitative easing, things are not getting any better. The economic crisis is still there, and the situation is still disastrous in many countries.
One would think that the unlimited printing of fiat money would not be a panacea in the end.
This strategy is the original sin of the current monetary and financial system. It is the sin at the origin of the vicious circle in which we have all been trapped since August 1971. When I say all, I mean 99.9% of the inhabitants of the Earth.
The 0.1% who are the ultra-rich benefit greatly from the flaws of the current system, as the current crisis shows us every day.
The current system traps you in a vicious circle
The current monetary and financial system enriches a minority of people while trapping the majority in an infinite vicious circle:
This vicious circle is made up of six major stages which have been in an infinite loop since the establishment of the current monetary and financial system in August 1971 :
- An economic crisis intervenes. The reasons can be a banking crisis as in 2008 or a health crisis as in 2020 with the coronavirus pandemic.
- Faced with this economic crisis, the Fed and the other central banks always end up opting for the same solution: to print more and more fiat money. This fiat money printed out of thin air is then injected directly into the monetary and financial system.
- The governments of the major economic powers implement stimulus plans, which are almost always financed by an increase in public debt. The public debt-to-GDP ratio of most G20 countries is now above 100% or even worse.
- All of these decisions lead to great monetary inflation. The value of the U.S. dollar, which is the world’s reserve currency, has been steadily declining over time, as shown by the change in purchasing power in the U.S. dollar since 1971.
- The injections of money benefit the richest people. Each economic crisis further strengthens their wealth. The poorest, who need help the most, are put in even greater difficulty by these decisions. The current system, therefore, benefits a minority of people who are already rich.
- The real problems of the monetary and financial system are known, but they are never really addressed. Injections of money in almost infinite amounts only serve to postpone the resolution of problems. As these are never solved, a new economic crisis always occurs about ten years later.
The vicious circle of the current system is dramatic because from crisis to crisis, the magnitude of the problems increases.
Bitcoin is your way out of this vicious circle of generalized impoverishment
Bitcoin offers you a way out of this system of generalized impoverishment. This impoverishment is slow and almost inevitable.
Bitcoin Is Not a Get Rich Quick Scheme, It Is Here to Avoid You Get Poor Slowly Over Time
Bitcoin is your best weapon facing the current system.
A big difference between Bitcoin and the current system is that Bitcoin does not ask you to believe things. Bitcoin allows you to verify everything for yourself to form your own opinion of the truth.
This is what makes Bitcoin so powerful. Everyone can make up their own opinion of the truth.
You may have already read that Bitcoin’s monetary policy is the opposite of the unlimited quantitative easing practiced by the Fed and other central banks. Bitcoin’s monetary policy highlights the virtues of quantitative hardening.
However, I do not ask you to take my word for it.
You can check that the maximum supply is 21 million BTC
You can check in the Bitcoin source code what makes the monetary attributes of Bitcoin so powerful. Let’s take the maximum supply of Bitcoin, which is limited to 21 million units.
Here is the Bitcoin source file where this constant is written:
You will notice here that MAX_MONEY is expressed in Satoshi which is the base unit in the Bitcoin Blockchain. Talking in Satoshi rather than BTC will become the standard in the future as the Bitcoin price increases sharply.
All nodes in the Bitcoin network run this source code. So there is a consensus on this maximum Bitcoin offer set at 21 million.
If someone were to modify the Bitcoin source code to change this constant, he would be quickly noticed and then banned from the network by the other nodes. No one has any interest in changing this 21 million limit.
Since Bitcoin is a permissionless and trustless blockchain, you can choose to become a node on the network at any time. Using your full node is even highly recommended to take full power with Bitcoin.
You can then check for yourself what the current supply of Bitcoin is. It stands at 18,482,081 BTC at the time of writing.
You can check that the issuance of new Bitcoins slows down every 210,000 mined blocks
On May 11, 2020, the third Halving in the history of Bitcoin took place.
This event, which takes place every 210,000 mined blocks, reduces by two the reward for miners who correctly validate a block of transactions on the Bitcoin network. It is this reward that enables the issuance of new Bitcoins.
The Bitcoin source code proves it all to you once again:
The fact that this event is written into the Bitcoin source code makes it unavoidable. No human being alone can decide to change Bitcoin’s monetary policy.
This is again in opposition to what is happening in the current monetary and financial system where a minority of people who are not representative of the people can decide to increase the money supply in circulation with a simple snap of the finger.
You can check that the difficulty of the Bitcoin network is adjusted every 2,016 mined blocks
To ensure a predictable side to the issuance of new Bitcoins, the Bitcoin source code will adjust the difficulty to mine blocks for every 2,016 blocks issued.
This constant has remained intact in the Bitcoin source code since its creation by Satoshi Nakamoto:
This adjustment of the difficulty to mine blocks on the Bitcoin network takes into account the total Hash Rate, which is the computing power that the miners make available to ensure the proper functioning of Bitcoin.
This keeps the long-term goal of issuing a block of transactions every 10 minutes.
The source code for adjusting this mining difficulty can also be studied if you wish:
The truth is that Bitcoin is like an open book that everyone can consult at will to form their own opinion.
Once you’ve checked everything, you can do the math, then run the numbers
Once the code is consulted, you just have to run it on your machine and become a full node in the network. This will allow you to become your own bank in the Bitcoin world.
Bitcoin Gives You Access to the Best Bank in the World: Yourself
Its slogan says it all: “Don’t trust, verify”.
All that I have just presented to you allows you to have a calendar of the inflation of the supply of new Bitcoins for the years to come :
From this calendar of issuance for new Bitcoins, you only have to do the calculations yourself.
The supply of new Bitcoins will tend towards zero irretrievably to reach it around 2140, while demand will also increase irretrievably during this time.
How can I be so sure?
Quite simply because Bitcoin responds to the great need that is emerging from the economic crisis of 2020: the need to have at your disposal a store of value that can protect your wealth over time in a way that is resistant to censorship.
Bitcoin is objectively the best store of value today. Gold simply cannot compete. Gold is a good store of value, but Bitcoin is a tremendous store of value.
Bitcoin Is a Better Store of Value for the Masses Than Gold
Bitcoin is objectively superior to gold for the masses.
The two do not play in the same category.
Buying Bitcoin is a no-brainer because it is so obvious that the current monetary and financial system is on the verge of collapse. This endless vicious circle in which it traps us all into can only end in the bankruptcy of the system.
Many economists are now calling for a Great Reset of the current monetary and financial system as established in August 1971 by Richard Nixon. They are right.
What these economists don’t realize, however, is that the Great Reset they are calling for has been underway since January 3, 2009. It is growing every day as the Bitcoin network is continuously producing new blocks.
Sooner or later, the majority will eventually open their eyes. At that moment, millions of people will thank Satoshi Nakamoto for inventing Bitcoin, but also the Bitcoiners who have supported this revolution to build a fairer world for all in the future.