Bitcoin serves as a moral and practical alternative to fiat currency, promoting personal responsibility, preserving labor value, and challenging the corrupting effects of traditional finance.
Bitcoin vs Fiat Money
Bitcoin’s fixed 21 million supply and engineered truth at the social layer make it a superior store of value compared to gold and fiat currencies, providing the highest degree of certainty for money due to its predictable supply, auditability, and open-source code.
Fiat money’s devaluation and inflation lead to inequality and predatory behavior, especially in non-Western countries, as the wealthy borrow stronger fiat and pay back weaker local currencies, while Bitcoin’s fixed supply promotes equality and fairness.
Fiat money borrows energy from the future, while Bitcoin sends energy towards the future, allowing adopters to fail and try again without losing purchasing power.
Economic Implications
The fiat money system has counterfeited currency equivalent to 60 million human lives (out of 330 million US workforce) through a 30% M2 expansion from 2020-2024, decreasing productivity and breaking incentives.
💼Fiat money’s depreciation forces people to take more risk in investments like real estate and equities to maintain purchasing power, encouraging short-term thinking and consumption over savings.
The fiat system creates mal-incentives benefiting Wall Street, central banks, and elites close to the money printer, allowing them to privatize profits and socialize losses.
Societal Impact
As the world transitions from fiat to Bitcoin, people will eventually think in terms of SATS rather than dollars, with their cognitive software uninstalling the dollar and installing Bitcoin.
The shift from fiat to Bitcoin represents a paradigm shift that cannot be ignored, eventually converting people one at a time as they realize fiat’s flaws.
Future Possibilities
In a future with AI, Bitcoin, and quantum computing, a base layer of life quality could enable people to focus on personal growth, philosophy, and consciousness, leading to a philosophical renaissance.
As economic surplus grows due to Bitcoin and AI, people may have more leisure time and freedom for self-reflection, personal growth, and innovation, potentially sparking a renaissance in philosophy, art, and science.
The transition to Bitcoin could lead to a shift in loyalty from agencies and organizations to individuals, as people prioritize their personal growth and well-being over institutional allegiances.