When you get it, Bitcoin is fundamentally changing the way people see the future of money.
For millions, Bitcoin is synonymous with hope – for others, it is the end of centralized control over people’s money – and for some, it is both. I was introduced to Bitcoin in 2017 by a work colleague who said that this technology would be the future of money, but I didn’t understand much about it at the time. It’s hard to understand what kind of conviction it takes to survive the roller coaster ride and the bitcoin rabbit hole that followed until you take at least a hundred hours to research as much information about it as possible. Distributed computing, also known as the Internet, has opened up new ideas and applications. Bitcoin distributes transfers of value in ways that have never been seen in human history.
Wages are stagnating nationwide, but the cost of living is increasing year on year. Why are financial institutions always bailed out? Why have education, health and rent become so expensive? Why is wealth inequality getting worse despite the government spending more on social programs? That’s because the currency system is broken and based on a debt structure based on fiat currencies.
At some point in the past, it made sense to save cash in the bank and it allowed you to build wealth. Saving cash in the bank now brings so little interest income that there is practically no point in keeping it there. That cannot be the whole point of the American dream, and it is a clear sign that the monetary system needs greater armament. I had to find something that would safely store my money energy. It was then that I started to seriously focus on Bitcoin. Money is energy and energy brings value. You work a job and expend some energy in the process and the reward for that is a paycheck with a sum of money. Millions around the world are also running towards Bitcoin as a form of currency sovereignty, not just Americans.
Bitcoin fixes this
Bitcoin is putting people from all walks of life into a paradigm shift that will cause the world to see money differently, but fixing the money is one aspect of a fundamental change in the approach that Bitcoin will achieve. Currently, most people buy Bitcoin to get rich or to protect against inflation, but that’s just a superficial layer. Bitcoin buys you freedom and gives you power over your money and ultimately the freedom to live life on your terms. This different view will eliminate fear, greed and corruption and increase the betterment of humanity on a global scale. The Bitcoin Manifesto says: “Fix the money and you fix the world”.
One of the nicest things about Bitcoin is that once I started learning about it, I also learned about economics, computer science, math, philosophy, political science, history, and physics. These are all schools of thought that go beyond gender, race, religion, or culture. As acceptance becomes more ubiquitous, it will fuel these new ways of thinking and change the state of mind of “Bitcoin Standard” participants like me around the world. Bitcoin is complex and multifunctional. It doesn’t matter whether it’s mining, hodled, day-to-day or leverage. It is healthy money and lives in the minds of those who believe in it with conviction. Investing in something that everyone needs, that few understand and cannot stop technological innovation, is the circle of bitcoin game theory.
Global paradigm shift
The tip of this paradigm shift technology is that the Bitcoin network is not controlled by any country, government agency, or person. It’s decentralized, which means it can’t be corrupted or controlled, and that’s a nice thing. As fiat money continues to be printed, Bitcoin will continue to give traditionally disenfranchised people the chance to “step in” by using the network effect, gaining wealth, and most importantly, using a different mindset. What we are witnessing is the collapse of the welfare state and the birth of sovereignty over the Bitcoin standard.
The gold standard will be an anachronism to the Bitcoin standard. Likewise, industrial thinking will be an anachronism to informational or digital thinking. The future is coming faster than you think and it is only a matter of time before Bitcoin creates a currency revolution combined with a mental shift for the whole world. This disruption forced me to think about the present and future uses of money, and this disruption creates the perfect recipe for hyperbitcoinization.
Bitcoin is Satoshi’s solution to a problem the whole world is facing. Digitized encryption has unleashed an idea that has inspired the hearts and minds of millions and soon billions of people. It goes beyond money because it’s an idea that can’t be put back in the box. If Bitcoin hasn’t opened a new neural pathway in your mental approach to wealth scarcity, financial freedom, and store of value, then you haven’t done enough research. The good thing is that there are now myriad opportunities to learn about this transformative technology on your way to the orange pill.
This is a guest post by Dawdu M. Amantanah. The opinions expressed are solely their own and do not necessarily reflect those of BTC, Inc. or Bitcoin Magazine.
The views and opinions expressed herein are those of the author and do not necessarily reflect those of Nasdaq, Inc.