In 1971 the even vague premise of money being backed by gold was cancelled.
I remember as a kid (in the 1960s - before 1971) we were encouraged to save in a bank account and back then the interest rate and low inflation made it make sense.
But since 1971 fiat has been in full debasement mode and saving money does not make sense.
So people were forced to take risks with their savings to have a chance of growing a nest egg and future security- stocks, bonds and real estate were the options offered by the bankers and government or you could invest in a business or education.
Nearly all these options (except stocks and bonds) are leveraged by debt- fiat debt- and so the notion of using fiat debt to leverage investment returns became normalised.
Today we are still in full fiat but Bitcoin does provide a new alternative and so far it has outperformed any of the fiat debt based offerings- I believe because enough people can see the fiat debt based system for what it is- a regime of slavery to the banks and governments.
Crypto muddies the water with its DINO shitcoin offerings but as long as Bitcoin remains an option- it is an option and one that has proven its integrity.
Most people do not have the time or inclination to question the status quo but as the status quo continues to decline into ever more crony capitalist bullshit and lies some are opening their eyes and taking the option of Bitcoin- to build an alternative monetary system free and independent of the fiat debt slavery bankers cartel that owns your government and seeks to enslave humanity.
I rejoice we have this option and that it has already freed millions of us from fiat debt slavery- at least partially.
Think of how many projects have been enabled and new innovations build upon the base of Bitcoin. As long as that building continues there is hope.
If you are happy to be a slave to fiat debt slavery ok- good luck with that- but if you want a better option- one that treats all participants equally without fear or favour- we have Bitcoin. Bitcoin is a peaceful constructive protest, and alternative monetary system that anyone can be part of but nobody is forced to use. Perhaps most people are so conditioned to be slaves to the fiat debt system they cannot yet see the monetary freedom and integrity Bitcoin represents...
In 1971 the even vague premise of money being backed by gold was cancelled. I remember as a kid (in the 1960s - before 1971) we were encouraged to save in a bank account and back then the interest rate and low inflation made it make sense. But since 1971 fiat has been in full debasement mode and saving money does not make sense. So people were forced to take risks with their savings to have a chance of growing a nest egg and future security- stocks, bonds and real estate were the options offered by the bankers and government or you could invest in a business or education. Nearly all these options (except stocks and bonds) are leveraged by debt- fiat debt- and so the notion of using fiat debt to leverage investment returns became normalised. Today we are still in full fiat but Bitcoin does provide a new alternative and so far it has outperformed any of the fiat debt based offerings- I believe because enough people can see the fiat debt based system for what it is- a regime of slavery to the banks and governments. Crypto muddies the water with its DINO shitcoin offerings but as long as Bitcoin remains an option- it is an option and one that has proven its integrity. Most people do not have the time or inclination to question the status quo but as the status quo continues to decline into ever more crony capitalist bullshit and lies some are opening their eyes and taking the option of Bitcoin- to build an alternative monetary system free and independent of the fiat debt slavery bankers cartel that owns your government and seeks to enslave humanity. I rejoice we have this option and that it has already freed millions of us from fiat debt slavery- at least partially. Think of how many projects have been enabled and new innovations build upon the base of Bitcoin. As long as that building continues there is hope. If you are happy to be a slave to fiat debt slavery ok- good luck with that- but if you want a better option- one that treats all participants equally without fear or favour- we have Bitcoin. Bitcoin is a peaceful constructive protest, and alternative monetary system that anyone can be part of but nobody is forced to use. Perhaps most people are so conditioned to be slaves to the fiat debt system they cannot yet see the monetary freedom and integrity Bitcoin represents...