Buying Bitcoin Is Choosing the Laws of Mathematics Over the Arbitrariness of Corrupt Humans

Buying Bitcoin Is Choosing the Laws of Mathematics Over the Arbitrariness of Corrupt Humans

By ssaurel | In Bitcoin We Trust | 3 Aug 2021


Bitcoin passed the point of no return in 2020. The coronavirus pandemic that swept the world triggered an economic crisis that showed more than ever that the current monetary and financial system is flawed. Even more worrying is the fact that there is no indication that this system can be fixed.

IMF economists are calling for a Great Reset, a kind of Bretton Woods 2.0, but they seem to pretend to ignore the fact that the powerful at the head of the current system have no interest in seeing a system that benefits them so much change.

Faced with a totally unfair system, as long as you are on the side of the tiny minority that benefits massively from this unfairness, you have little interest in wanting to change the system completely. The Great Reset desired by the IMF cannot be started by those who are running the current system.

The Great Reset of the current system started on January 3, 2009

Only a popular revolution is now in a position to trigger this Great Reset. This is precisely what Bitcoin embodies. More than a financial investment with a phenomenal return, Bitcoin is a popular revolution. When you buy Bitcoin, you cast a vote. Many people don’t realize this, but that is the profound meaning of buying BTC.

When you buy Bitcoin and then become a Bitcoin HODLer, you are voting for the Great Reset of the current monetary and financial system. Satoshi Nakamoto’s invention is indeed the Great Reset of the current system. A Great Reset that started discreetly at the end of the 2000s, before growing continuously throughout 2010.

2020 finally representing the year when everything changed for Bitcoin.

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Major companies, institutional investors, investment legends, and billionaires have opted for Bitcoin instead of gold to face the great monetary inflation that has been raging around the world for several months.

More and more people understand that it is not possible to trust those who are leading the current system.

Central bankers and governments will be able to make all the nice promises they want, they are only human. Like all humans, they always end up yielding to corruption and/or making arbitrary decisions that benefit only a minority of people.

The Fed and other central banks make decisions that impoverish the majority of the world’s people

This is exactly what the Fed did when it printed more than $3.500 billion out of thin air in a few months in 2020. A few unrepresentative people chose to exponentially increase the money supply of the U.S. dollar. The fact that this insane expansion of money on an insane scale would have disastrous consequences for a majority of people did not cause these central bankers to back down.

Some of them even go so far as to boast of having an unlimited amount of fiat money at their disposal. I am thinking here of Neel Kashkari who made this confusing statement in April 2020 during an interview for the CBS 60 Minutes program:

“There is an infinite amount of cash in the Federal Reserve. We will do whatever we need to do to make sure there’s enough cash in the banking system.”

The Fed is, therefore, ready to do anything to save the current monetary and financial system, at the center of which is the U.S. dollar. That is what the Fed has done, as I have just told you.

The aggressive monetary policy of the Fed has brought to light the terrible consequences for the people of the Cantillon Effect

All the money printed by the Fed has created a Tech bubble in the stock market and allowed American billionaires to see their fortunes increase by more than $1,000 billion in just a few months in 2020. Like a symbol of what I call the Tech Bubble Paradox, Elon Musk became, at the beginning of 2021, the richest man in the world with virtually no money in his bank account.

Elon Musk’s fortune is totally virtual. Just like the money printed by the Fed that remains in the hands of a handful of billionaires who don’t even use it. The best proof of this is the incredible drop in the velocity of the M2 Money Stock in the year 2020.

The velocity of the M2 Money Stock has reached its lowest level since the 1940s when the world was in the middle of World War II. In peacetime, it was the lowest in a century. Such a low velocity showed that the American economy was in a bad way, while Wall Street was strutting around with the Dow Jones and the S&P 500, which continued to break records at the end of the year 2020.

This endless monetary inflation of the U.S. dollar is problematic because it represents a slow but certain impoverishment of the vast majority of the Earth’s inhabitants.

The endless monetary inflation of the U.S. dollar is the original sin of the current system

In addition to this already important problem, there is a second, equally important one, which is that there can be no guarantee of when this monetary inflation will stop. The amount of U.S. dollars in circulation rose from $9,000 billion in 2010 to nearly $20,000 billion by the end of 2020.

This represents an increase of more than 100%. This has contributed to the increase of the American public debt, which is more than ever heading towards 30,000 billion dollars. With the U.S. dollar as the world’s reserve currency, the United States is exporting its monetary inflation around the world. De facto, it is not surprising to note that world debt has reached $277T at the end of the year 2020.

This situation will only get worse in the years to come because we cannot believe in the humans who are leading the current system to finally become reasonable. They only know how to use the same policies over and over again to try to solve the economic crises. Unfortunately, each time they use the same recipes that were the causes of the previous crises.

The same causes, the same consequences. Except that the magnitudes of the problems keep increasing. A few tens of billions of dollars were enough in 2008. In 2020, more than 10,000 billion dollars were injected into the system without success.

You can’t trust the powerful people at the head of the current system.

Gold is a good store of value but can be confiscated at any time by governments

Proponents of gold will tell you that the solution is to return to a gold standard system. Gold has been a recognized store of value for centuries. Gold has many virtues. However, no one knows precisely how much gold will exist forever on Earth.

Worse yet, gold is in the hands of central banks and governments. In the past, an American president has used his power to confiscate gold from individuals to finance his economic policy. I am referring here to Franklin D. Roosevelt and his Executive Order 6102 proclaimed on April 5, 1933.

Even though gold probably exists in finite quantities, the risk of your gold stock being confiscated for arbitrary reasons is too great for you to use gold as a 100% reliable store of value.

Moreover, gold is outdated. It has to be said that in the age of digitalization of the world, gold cannot compete with version 2.0 of the precious metal. You will have understood here that I am talking about Bitcoin. Bitcoin has countless advantages over gold: portability, durability, recognizability, divisibility, impossible to confiscate, greater rarity, …

Bitcoin responds to the challenges of the world of the future

Bitcoin responds perfectly to the challenges that the digitalization of the world has created.

Best of all, Bitcoin does not ask you to believe in the arbitrariness of humans. The rules of Bitcoin’s monetary policy are engraved in its source code. This source code runs daily on the nodes of the Bitcoin network. You yourself can become a node in the network to make sure that these rules continue to be followed.

No human can decide on his own to change the Bitcoin maximum supply that was set at its creation at 21 million units.

The issuance of new Bitcoins follows rules that are also written in the Bitcoin source code. It slows down by half every 210,000 mined blocks. Thus, inflation in the supply of new Bitcoins is reduced over time. I don’t ask you to take my word for it. You can go check the Bitcoin source code yourself.

Everything is written in the Bitcoin source code.

Bitcoin obeys the implacable laws of mathematics

Bitcoin’s monetary policy is programmatic. It obeys rules written in the Bitcoin source code, and their application will inevitably occur. You can therefore predict the inflation of the supply of new Bitcoins for the coming years. You won’t have any unpleasant surprises.

What Bitcoin offers you are certainties. In a world as uncertain as ours, this is something fundamental to me. You can’t believe what the humans at the head of the current monetary and financial system are telling you. On the other hand, you can verify at any time that the mathematical rules on which Bitcoin is based are applied correctly.

For my part, the choice was quickly made: I chose to buy Bitcoin. I vote for a decentralized and transparent system that helps me to have total power over my life. It’s up to you to decide what you want for your future.


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ssaurel
ssaurel

Entrepreneur / Developer / Blogger / Author.


In Bitcoin We Trust
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