Bitcoin’s inevitable rise as a trust network
In the current era of a quasi-socialist/comunist democracy, the global monetary system is under the tight grip of a shadowy elite ruling class, predominantly controller by the banking industry/cartel. For centuries, trade relied on hard and scarce assets like gold, but with the advent of the fiat system and the co-optation of government and military, economic conditions have suffered, leading to growing inequality between the ones closer to the system and all the others. However, in the seemingly bleak scenario, a glimmer of hope emerges in the form of Bitcoin - a decentralised and borderless trust network, running a digital currency on top of it as its first and most crucial application. This article explores the inevitability as Bitcoin becoming the shared trust network that empowers individuals and companies with inalienable private property, fostering endless possibilities for cooperation and growth.
The dominance of the banking industry and fiat system
The mainstream human organisational system has gradually become centralised around a powerful elite, largely dominated by industrial-military complex along with baking and pharma. The control extends to the monetary system, which transitioned from being asset-based (eg. Gold) to the fiat system, where money has value because the government says so. This co-optation of power has led to economic decline, rising inequality and a growing resource gap between the “rich” and the “poor”.
Bitcoin’s potential to empower individuals
Imagine a world where every individual has inalienable private property in the form of bitcoin. This would eliminate the need for intermediaries, such as banks, and enable people of all cultures and places to have direct ownership and control over their wealth. With financial autonomy, individuals can collaborate and participate in economic activities freely, fostering a more inclusive and cooperative society.
Compared to traditional fiat currencies, bitcoin offers numerous advantages. As a means of exchange, it’s highly divisible and portable, enabling fast and low-cost transactions across borders, making it ideal for global trade. Additionally, as a savings tool, bitcoin deflationary nature incentivises responsible saving and discourages reckless spending, which can contribute to financial stability and sustainable growth all around the world.
The era of decentralisation enabled by Bitcoin
For the first time in history, humanity possesses a tool to facilitate the coming decentralisation wave - a tool that is battle-tested and virtually indestructible and available to every individual on the planet, and even scriptable and programmable with machines. Bitcoin’s decentralised nature and open accessibility make it an ideal candidate to lead the charge towards a more inclusive and transparent global financial system.
Conclusion
The current centralised monetary system, controlled by the banking industry and governments, has contributed to economic decline and widening inequality. However, the advent of Bitcoin represents a transformative force that can empower individuals to take control of their right, sovereignty and private property and foster cooperation and growth. As humanity stands on the cusp of peak centralisation, Bitcoin’s decentralised nature offers a promising path towards a more equitable and prosperous future. The people are waking up to the potential of Bitcoin, and it’s only a matter of time before the emperor’s clothes are revealed for what they truly are - illusory and unsustainable.