Fiat currencies lead to poverty
Bitcoin leads to prosperity and abundance
Here's how:
(Thread 👇)
Bitcoin leads to prosperity and abundance
Here's how:
(Thread 👇)
When money is abundant, everything else becomes scarce, because more time and attention is focused on maintaining or growing wealth through financial markets.
Bitcoin is a form of money that will create abundance by being scarce.
When money is scarce, everything else becomes abundant, because more labor is focused on the production of goods and services.
When money is scarce, everything else becomes abundant, because more labor is focused on the production of goods and services.
Production is limited by
1) Natural resources
2) Availability of labor
If we waste either of these resources, we will end up with an inefficient economy.
1) Natural resources
2) Availability of labor
If we waste either of these resources, we will end up with an inefficient economy.
The current system wastes billions of human hours every year to maintain the financial system.
How many new ideas will be generated by people who have degrees in fields like mathematics, engineering, finance, and economics?
How many new ideas will be generated by people who have degrees in fields like mathematics, engineering, finance, and economics?
We would probably improve every aspect of life.
- Healthcare
- Clean energy
- Nutrition
- Mental health
Etc.
- Healthcare
- Clean energy
- Nutrition
- Mental health
Etc.
One of the biggest expenses we have today is housing.
The price of housing will fall on a bitcoin standard because more resources will be allocated towards building more houses (if a profit can be made).
The price of housing will fall on a bitcoin standard because more resources will be allocated towards building more houses (if a profit can be made).
On a Bitcoin standard, houses wouldn't be used as "money" anymore, because they would be abundant.
Demand for housing would be met.
Instead of being seen as an investment, a house would be seen as what it is - shelter.
Home prices will drop to their utility values.
Demand for housing would be met.
Instead of being seen as an investment, a house would be seen as what it is - shelter.
Home prices will drop to their utility values.
More people will be able to work as creatives instead of working multiple jobs trying to earn a living just so they can pay rent and barely survive.
How many people are stuck in debt and soul sucking jobs JUST because they need to make ends meet?
How many people continue to work in their 60s and 70s because their savings slowly melting away while being kept in a savings account?
How many people continue to work in their 60s and 70s because their savings slowly melting away while being kept in a savings account?
On a Bitcoin standard, this wouldn't be the case.
You would get paid in bitcoin.
Your wages with decrease over time because the cost of living will decrease...
You would get paid in bitcoin.
Your wages with decrease over time because the cost of living will decrease...
But everything you save would automatically grow in purchasing power over the long term:
No need to figure out how to gamble your money in the traditional markets.
No need to figure out how to gamble your money in the traditional markets.
On a Bitcoin standard, everything would be more abundant because more labor would go towards producing what we need, instead of what governments want.
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