Read now to learn how Bitcoin is the most equitable money ever released.
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Throughout history, money has taken a lot of different forms, but it has never been fair to everyone. It has been too easy to steal, too easy to counterfeit, too easy to make, or, like fiat, all of the above.
Unfair money is a terrible reality for any society to have to suffer through. Wealth craters as people are forced to watch the value of their money dissipate through inflation. Social unrest grows from a spark to an inferno as elites benefit from controlling the money while the average person struggles to survive. Lives are lost as standards of living drop in tandem with the drop in currency stability.
The world desperately craves a better way through better money:
A Diamond In The Rough
Most of the world today operates using one of two types of money: fiat, which includes not only the physical currency and ledger-based “savings”, but also fiat-based derivatives and other financial instruments, and Crypto, which includes altcoins, NFTs, and everything else in the space other than Bitcoin.
Fiat is still far more prevalent. The vast majority of assets and debts are priced in fiat currencies. And while I believe the fiat financial system is on its last leg, there’s no telling exactly when it will collapse for good.
Fiat currencies are the epitome of unequal distribution. A lot of the fiat money supply is created by banks and other financial institutions around the globe that can issue debt in far greater amounts than what they have in their vaults. Governments, as both the arbiters and enforcers in terms of what gets used as currency and when, are of course the greatest beneficiaries of their ability to “create” money at any time.
However, Crypto may be even worse. Why? Governments are often run by elected officials, at least to some degree and in many countries, meaning that they struggle to overtly disadvantage their citizens without the citizens noticing and voting them out of office.
Crypto has no such barrier. Altcoins, NFTs, and other non-Bitcoin digital assets are created, controlled, and marketed by teams who are beholden to no one and nothing other than their own desires. They can create their assets at will and dump them on others with impunity. Their pre-sales and ICOs are open to some, but never to everyone. As such, they can never be truly thought of as equitable.
What’s needed is money that can be acquired by anyone, without limitation. What’s needed is Bitcoin.
Bitcoin Has The Fairest Distribution Of All
I often hear people complain about someone else who got into Bitcoin before they chose to do so or purchased more Bitcoin than they themselves chose to buy. They then opine that Bitcoin’s distribution was “unfair” for those reasons. But those comments stem from jealousy and from a misunderstanding of how Bitcoin actually works.
Bitcoin is all about choice and it has been from day one. Satoshi Nakamoto, Bitcoin’s pseudonymous creator, released the Bitcoin code publicly a couple months before the blockchain went live and encouraged others to join in and assist. Some chose to listen, others chose to continue on their way, and tens of millions of other people have since had the exact same choice.
The point? Bitcoin was available to the whole world from day one. Anyone could have chosen to read the whitepaper when it was launched, or chosen to mine a block on the blockchain when it went live. And ever since, anyone at all could have purchased Bitcoin from other users.
Let’s face it: to a certain degree, you, I, and countless others have regrets about not choosing to look for or understand Bitcoin sooner. But lusting after lost sovereignty or lost riches does not mean that Bitcoin’s distribution wasn’t open to everyone, nor that it wasn’t fair.
Only time will tell whether Bitcoin truly is the perfect money. Regardless, it is by far the best and most equitable money humanity has ever had, and it being available to everyone on earth from day one is a big reason why.
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This is not financial or business advice. This newsletter and related content are for informational purposes only. Cryptocurrencies and digital assets can be risky. Always do your own research before making any sort of investment.
