Real Talk, I Need You To Be Honest With Me
Why Bitcoin Was Discovered
(Listen to audio version of me reading👆)
“Borderless money” is more than a buzzword for those of us who live in a collapsing economy and a collapsing dictatorship.
On Tuesday, I went shopping for milk. With the chronic food shortages in Venezuela, that errand already is very complicated, but there’s an extra layer of difficulty for me: I don’t own bolívars, Venezuela’s official currency.
I keep all of my money in Bitcoin.
Keeping it in bolívars would be financial suicide: The last time I checked, the rate of daily inflation was around 3.5 percent. That’s daily inflation; the annual inflation rate for 2018 was almost 1.7 million percent.
I don’t have a bank account abroad, and with Venezuela’s currency controls, there’s no easy way for me to use a conventional foreign currency like American dollars.
The kicker is this was in 2019 and things have only become crazier around the world.
With the progression of the lightning network, those 10 minutes waiting have now become nano-seconds waiting for payments to confirm on the second layer.
The other bonus; it cost only pennies instead of 3% credit card fees.
All you need is a phone and connection.
See the full article here: https://www.nytimes.com/2019/02/23/opinion/sunday/venezuela-bitcoin-inflation-cryptocurrencies.html
Thank companies and people like Strike and Jack Mallers for making wealth and financial access something that is attainable by people all over the world.
Disrupting the legacy payments system which hasn’t really changed much in the past century.
Let me get this straight…
You spend 8 hours a day 5 days a week for 50 weeks a year for 40 years, trading time of your life you can never get back for currency.
80,000 hours in total, which equals 3,333 days of your life or 9.1 years of your life going to work away from your family or things you wish you could be doing…
For what?
For units of account.
For something of value. Hopefully.
We expect that 9.1+ years of our life we trade will be for something of value.
Something worth the same as the very time that we traded it for.
The problem
Central banks and politicians have corrupted that currency, as has happened for centuries.
Whether it is coin clipping, currency debasement (printing), shrink-flation, manipulation of rates, fractional reserve lending or re-hypothecation…
All of these tools are used by the unproductive class to steal your wealth (time) from you. Robbing time from your family, your friends, your hobbies, your calling etc..
They take that wealth and enrich themselves or buy votes and leave you to pay the interest on the loans and bonds they use to steal it with.
Your tax payments go (directly) to pay off the wealth that was stolen from you (indirectly) through inflation.
Does that make you mad?
Does that resonate with you?
Do you care they are stealing your time away from you?
This is WHY they must cause fighting between left and right; red and blue; black and white; man and woman.
No one can find out this secret the unproductive class is playing on you.
Nico Jones and Lawrence Leppard said it best on the Simply Bitcoin podcast, recently:
“No man should be able to counterfeit currency in to existence that another man then is required to pay for.”
This is currently how our monetary system works.
There have been NO better billboards for the use of bitcoin and the freedom it gives you than this past year:
Russia/Ukraine - moving borders with people having their wealth stored in their head
Canadian truckers - being frozen out of their OWN bank accounts
Dutch farmers - accounts being frozen and governments taking your private property
Hyper-inflation - Argentina and central and Latin American countries
Central banks collapsing - Bank of England and Bank of Japan really struggling to stay afloat
Currencies collapsing - Pound Sterling in UK and Sri Lanka and many more on the brink or already done
ATMs locking up - bitcoin runs 24/7 and its your own vault
Withdrawal limits in banks all over the world - people in Lebanon robbing their own bank to get their money out or in China where tanks are coming in to lock people out from getting their own money
Bitcoin was discovered to solve alllll of this.
To remove yourself from the system.
To be your own sovereign individual.
To be a free man or free woman.
To be your own sovereign vault and control your own private property.
To live your life how you see for without anyone able to tell you what to do.
Separation of money and state.
You can make your own financial or health or life decisions because you aren’t beholden to an inflationary fiat crumbling monetary system that was corrupted decades ago by central banks.
Bitcoin is by the people, for the people.
There are only two finite things on this planet that I know of; time and bitcoin.
Why would you trade your finite time for something that is worthless?
Would you trade your time for grains of sand?
Would you trade your time for leaves?
Would you trade your time for blades of grass?
These are the questions that blew my context apart and left my head spinning 10-12 years ago.
I knew there had to be a way to beat them at their game…
I believe now is the time to start asking these questions.
Stay strong,