The journey of discovering Bitcoin is unique for everyone, and my personal experience began with a sad event—the passing of my father-in-law in 2018. He was a brilliant early adopter of technology, he owned Bitcoin and even operated a Lightning node in the early days of the Lightning Network. As I was tasked with administering his estate, I started learning about Bitcoin, thinking it was simply another asset to track down. What I didn’t anticipate was the profound impact this knowledge would have on my understanding of the world. By learning about Bitcoin, I was forced to learn about banking and the macro-economic system that runs our world.
At first, like many people, I didn’t see the significance of Bitcoin beyond its technological innovation. I had always assumed that inflation and money printing were just normal facts of life. Discussing the rising cost of goods with older generations was a common, almost casual conversation—never something to spark outrage. I didn't know that items in society actually become cheaper when the money is incorruptible as technology and efficiency advances make goods and services cheaper to produce.
I didn’t realize was the true harm caused by inflation: how money printing benefits the wealthy while stealing purchasing power from the middle and poorer classes, ultimately leading to economic chaos, business failures, and untold suffering. I learned that central banks oscillated between being the arsonist and being the firefighter. I learned that money printing was the ultimate basis of government intervention in our lives.
As I dug deeper into Bitcoin, it became clear that it was created as a deliberate response to the corruption and inequality fostered by traditional financial systems. By leveraging advances in computer science and encryption, it sought to become the world's first form of truly sound money. It is a form of money that cannot be manipulated by central banks or inflated away. It represents a rejection of the system that allows banks to loan out more money than they have, creating wealth for themselves out of thin air while the average person bears the burden of devalued currency.
In 2024, despite Bitcoin’s undeniable benefits, its adoption remains frustratingly slow. Those of us who advocate for Bitcoin are often met with skepticism or outright hostility, dismissed as "Bitcoin Bros" or accused of promoting a Ponzi scheme. The criticism that Bitcoin consumes too much energy is often thrown around, without any understanding of what the true cost of maintaining sound money is. Historically, gold was considered the soundest form of money, but no one seems to talk about the environmental damage caused by gold mining, the cost of securing and transporting gold, or the inefficiencies of verifying its purity.
Bitcoin is an orders of magnitude leap in monetary technology. Its value comes from its decentralized nature and the energy that powers the network, securing the world’s first truly sound, unconfiscatable, and incorruptible form of money. This energy can be as clean as the source allows and fosters green energy development, unlike gold, which only becomes more destructive as prices rise and more inefficient mines are reopened. Bitcoin is the answer to many of the economic and social problems we face today, and it provides an alternative to the central bank-driven policies that have long enslaved the world in debt and inequality.
The Keynesian economic model, which encourages endless money printing and borrowing, has long been referenced by central bankers to control populations through debt and pay for endless wars. The banking industry has convinced society that their exploitation is a necessary part of economic policy, allowing them to create money out of thin air while maintaining control over the economy. But when did we agree to this? When did we agree that the government should be able to cover up its short-term policy failures with inflation, wreaking havoc on the prosperity of everyday people?
Perhaps the most frustrating part is that we are not teaching the next generation about these powerful institutions and their impact on our lives. Instead of learning about money and the way it works, children are left in the dark, armed only with trivia for pub quizzes, while the most crucial knowledge about the economy and the banking system remains largely unexplored.
For those of us who understand Bitcoin, watching the world ignore its potential is agonizing. It feels like standing in a crowded room, screaming for people to open their eyes. Bitcoin isn’t just an investment; it’s a tool for reclaiming power from the institutions that have controlled our financial lives for far too long. By storing wealth in Bitcoin, individuals can take control of their own financial destiny, free from the manipulation of banks and governments.
Despite the constant naysayers predicting Bitcoin’s demise, what they fail to grasp is that Bitcoin is the only truly verifiable sound money ever created. Its intrinsic value lies in its ability to convert energy into a form of money that cannot be debased. In a world where wrongdoing persists under a shroud of complexity, most people don’t push back against flawed economic systems because they don’t feel qualified to do so. Keynesian economics has thrived because it serves the interests of those in power, not because it’s a sound theory.
Bitcoin mining and its energy usage solve two critical problems: maintaining an immutable record of every transaction and ensuring the system’s security. Each time a block is created, it updates the ledger, and that ledger is distributed to every computer in the world that runs a node. This decentralized ledger cannot be altered by any Orwellian government or world-dominating corporation. In exchange for the energy expended to secure the network, miners are rewarded with a periodically decreasing reward over time, ensuring that Bitcoin is not inflationary like traditional money.
For gold to even begin to compare, it would need to be highly divisible, easily transferable in any amount, simple to store and secure, instantly verifiable, and resistant to confiscation. Gold mining would need to become environmentally positive over time. The process of extracting the ore from the earth and refining it would have to include maintaining a decentralized and secure record of every person or entity holding gold and the exact amount they possess. Gold would also need to be cheap to store and easy to transport. When it comes down to it, Bitcoin is a far superior store of value than gold. It is a clear technological upgrade on both gold and traditional money. Gold may have value as a shiny commodity and in electronics, but Bitcoin is the necessary technology to bring prosperity to the world.
We have never seen a world with a universally accessible form of sound money combined with a deflationary economy driven by advancements in technology. We have lived our lives watching all of the technological advancements and resulting productivity gains consumed by an ultra-powerful banking class elite. These productivity gains should be making every good and service in society cheaper thereby lifting everyone’s standard of living. However, we must accept the destructive thieving practices of governments and banksters cling to the reins of power at the expense of the governed.
The total failure of the ruling class in Australia is staggering. They control a population of capable and hard-working citizens on a land mass with vast amounts of natural resources and arable land. However, in 2024 fundamental needs like housing and groceries are becoming less affordable. All this happening while the government severely taxes individuals and companies and rakes in incredible sums of royalties from mining companies who dig up our valuable ore and sell it to less abundant countries. The bloated ineffective public sector and endless malinvestment is driving the Australian standard of living down while everyday productivity in the private sector increases with advancements in technology. The ruling class of Australia could not possibly have an easier country to govern. With vast oceans creating our borders we don’t even have to spend substantially on defence. All the government needs to do is to stop intervening in every tiny thing and give individuals the freedom to prosper. And that is one major reason why I hold my savings in Bitcoin. My participation in the Australian dollar is kept at an absolute minimum.
As I reflect on my journey into Bitcoin, I realize that it’s not just about financial independence; it’s about reclaiming personal agency in a world increasingly manipulated by forces beyond our control. The deeper I dive, the more it becomes clear that this isn’t simply about making money or resisting inflation—it’s about recognizing that we’ve been conditioned to accept the status quo, to tolerate a broken system, and to resign ourselves to lives of quiet economic struggle. Bitcoin challenges that complacency. It asks us to question what we’ve been told about money, value, and power. It demands that we reconsider the institutions we trust, the systems we rely on, and whether those systems truly serve us or merely exploit us. In embracing Bitcoin, I’ve chosen a path of autonomy, a way to participate in a fairer, more transparent world. I have become my own bank holding a universal incorruptible and superior form of money. And as I hold my savings in Bitcoin, I find myself wondering: what could happen if more people took that leap—if more of us dared to imagine a future where wealth isn’t dictated by governments, banks, or the privileged few? What kind of world could we build if we chose to opt out of their game and into something better? If governments couldn’t print money to pay for wars, what would the world become?
コメント