Why Bitcoin
Banks are more dangerous than standing armies…
-Thomas Jefferson on central banking.
The single most important question you will consider is WHAT IS MONEY? We have all been indoctrinated to some extent to assume money is fancy paper with pictures of dead people. However, I encourage you to drop those beliefs and consider money as a technology.
Money allows us to value everything in our lives via a common denominator. Our time, talents and resources can all be compared to some base unit. Throughout history humans have used shells, beads, metals, gems, coins and most recently paper as mediums of exchange. All but the latter were chosen by the free market. You, I and everyone else found value in specific shells, or metals and would accept them as exchange for goods or our time.
Importantly, money as a technology allows us to store our time, similar to a battery, for the future. We agree to exchange our time in a career for money with the intention of saving enough to one day be free to live on our savings.
Throughout history civilizations always tended towards the hardest money available. Hard Money implies there is a level of scarcity and difficulty in reproduction. Shells are harder than leaves and gold is harder than shells.
In recent history, the world followed a gold standard, where physical coins were exchanged or paper bills that represented gold were used. The hardest money, Gold, was the base of our system. Hard Money requires accountability, debts accumulate and insolvency can occur. Due to this we dropped the gold Standard in 1971 and have since lived in a soft money system where money is easily created through debts constantly rolled into bigger debts.
This system is literally toxic and the symptoms affect our health, future and environment.
I believe bitcoin is an ‘Immune Response’ of the human race to this toxic system. We have created the hardest money in history that empowers everyone to take control of their wealth.
Timeline of the Dollar
For nearly 5,000 years, gold has served as the best technology for STORING your wealth. Gold has served as a wealth preservation, providing a constant purchasing power per unit vs speculation or wealth increase. Over time the dollar value of gold has changed but this reflects overall inflation of that currency. For well over 100 years, gold has provided:.
Average House = 250 ounces of Gold
Average weekly wage = 1 oz of Gold
1913
WW1 started the transition of global reserve status & power to America from Europe/UK. (1oz gold $20)
1944
Bretton Woods Agreement seats the US as ‘central bank’ to the world as countries rebuild from WW2. The USD is pegged to gold at $35 per ounce and the dollar is used for global settlement. See also Triffin Dilemma.
1974
Petrodollar agreement in 1974 between US and Saudi Arabia to price energy in dollars. Dollar continues to fall in value, hitting a record of $850 per ounce by 1980. See also Lyn Alden Petro$.
2020
QE Infinity is introduced, a lite version of Yield Curve Control and witnesses a 25% increase in the money supply within 12 months. Gold price climbs to $1,800 and bitcoin reaches $30,000.
1930
America’s first ‘default’ when gold ownership was made illegal by Order 6102 and a steep devaluation of USD raising an ounce of gold to $35. This price appreciation was not experienced by the citizens as it occurred following the forced forfeiture.
1971
Nixon ends the conversion of dollars to gold (our second default) and takes the country and world off the gold standard. Dollars devalue to $51 per ounce and continues falling. See also https://wtfhappenedin1971.com/.
2008
Quantitative Easing was introduced in response to the Great Financial Crisis. Gold price ranges in the low $1,000’s and Bitcoin is created in direct response to the bank bailouts.
1913
WW1 started the transition of global reserve status & power to America from Europe/UK. (1oz gold $20)
1930
America’s first ‘default’ when gold ownership was made illegal by Order 6102 and a steep devaluation of USD raising an ounce of gold to $35. This price appreciation was not experienced by the citizens as it occurred following the forced forfeiture.
1944
Bretton Woods Agreement seats the US as ‘central bank’ to the world as countries rebuild from WW2. The USD is pegged to gold at $35 per ounce and the dollar is used for global settlement. See also Triffin Dilemma.
1971
Nixon ends the conversion of dollars to gold (our second default) and takes the country and world off the gold standard. Dollars devalue to $51 per ounce and continues falling. See also https://wtfhappenedin1971.com/.
1974
Petrodollar agreement in 1974 between US and Saudi Arabia to price energy in dollars. Dollar continues to fall in value, hitting a record of $850 per ounce by 1980. See also Lyn Alden Petro$.
2008
Quantitative Easing was introduced in response to the Great Financial Crisis. Gold price ranges in the low $1,000’s and Bitcoin is created in direct response to the bank bailouts.
2020
QE Infinity is introduced, a lite version of Yield Curve Control and witnesses a 25% increase in the money supply within 12 months. Gold price climbs to $1,800 and bitcoin reaches $30,000.