A Disclaimer You Should Read!
Are You On The Verge?
What In The World Is This Paradigm Shift?!
Is Bitcoin A Bubble?
Money is a bubble, the biggest one ever:
We think of everything with a hint of skepticism, but not money. The money we think of off as the simplest and the most natural thing ever, we don’t question it unless we question the problems with capitalism and the pressure we put on the money.
We think money is a tool that every society needs, no we will not deny that it has helped and lubricated the growth on industries, globalization, trade, and human development. But, it could be better and yet it is a lazy old tool that resists change because it likes to dominate and crush dreams in a crude and sick manner.
Money means nothing, in reality, money is a promise that the government gives to the central bank and this promise is based on words and not anything intrinsic, welcome to the world of fiat. Money used to be backed up by gold and precious things, longer ago money used to be gold and other coinage. And way before that money didn’t exist, barter ruled.
Today money is just a promise concealed in ink printed on the note or shown as bank balance or printed and magnetized in a credit card. But, money can mean something again and instead of earning inflation we could be earning real money from not people but, computers, that do all the math that proves that you are not buying empty money, you own value.
Old Tech Stands At An Extinction Level:
We can have the problems of the Unbankable people, we can not let Discrimination rot economic systems anymore, we need debt to be Fair, we need money to be theft-proof and safe from jeopardy of governments that love to freeze assets and be tyrannical and oppressive. We need to be better.
Today is the introductory new phase or a testing period of new technology. The boom of banks based on fiat is usually followed by bust because of the very nature of central banks which is self-preserving and self-righteous. Banks screw their customers for every penny they have and sometimes, that they don’t have, and this can not go on if the world economy is to pull itself out of this self-exhausting and collateral bursting cycle. And that is why we need blockchain based money, which is decentralized and does not allow double spending to induce bubbles. Bitcoin is just useful, super useful, thus, loved and used as an example, it’s sound money with a low and very well known inflation rate.