Bitcoin : The Hardest Money The World Has Ever Seen

We have never seen more turbulent times in our collective economies or as much uncertainty for our future.  This stems from governments controlling the issuance of currency creating a boom bust business cycle, mal investment and fundamentally backwards economics. This is morally vacuous as governments can dilute the money supply thereby stealing wealth from the saver, forcing risky investing strategies in order to keep ones wealth and wasteful spending of currency subject to inflation.

People are reluctant to let go of their government over lords and banking cartels who nanny them, molly coddle them and control how and when they can spend and move their money around the world. Many will gladly give up their privacy for the convenience of a credit/debit card and its 0.1% rewards programs.

Now imagine a world where the people can choose how the monetary system works via free market dynamics. No more unnecessary money exchanges taking a cut in the middle of international trade and travel, no more loss of wealth due to governments deciding to print more money out of thin air, no more vote buying with funds the government simply prints or borrows on the open market which is sucking economic production of the future into the here and now.

Bitcoin is not a get rich quick scheme, it is the hardest money the world has ever seen. It is a strictly limited in supply money that is controlled by mathematics, no person or entity can control or change its parameters, you can buy or trade in fractions of a bitcoin with each coin being divisible down to 0.00000001 BTC known as 1 satoshi, named after the unknown creator or creators.

If you can memorise 12 words you can carry unlimited bitcoin in your head making it hard if not impossible to confiscate.

You can send it to anyone, anywhere with an internet connection.

The code which governs the bitcoin protocol is not turing complete and as such is very safe and is easily audited to discover that the avenue for attack is extremely limited and therefore very safe and has not been hacked in its 10 year life time.

If you hope to have a smooth transition into a future, fairer monetary paradigm please look into bitcoin and vote with your wallet. The more economic mass bitcoin contains the less volatile it will become and the more likely we will have a system to transition to before the whole world falls into civil strife the likes of which we have never seen.

For more information about bitcoin and its relation to monetary policy please read, The Bitcoin Standard by Saifadean Ammous.

Written by Aaron Evans