Bitcoin: How it Can Save the World

(Bitcoins True Potential for Humanity)

Abstract. Imagine a world without endless wars, hyperinflation, and overdeveloped concrete jungles. Imagine a world where housing, food, education, and medical care is affordable. Today, the world is violent. Politicians lie. Governments are corrupt. The world is being destroyed for profits. The buying power of fiat (government currencies) decreases every year...and I hate to say it, it's not going to improve under the current status quo.

Below I explain why bitcoin is so important to our world and humanity. It quite possibly may be the only thing that will save it. I will speak simply about it because I am a simple person.

1. My Journey With Bitcoin “BTC”

I started investing in Bitcoin in 2017 because of the potential to make incredible gains, which I have, but didn't understand what I was putting my money into...in truth I was gambling. As the value of my bitcoin increased, I attempted to understand what bitcoin and the blockchain was and found it overly technical and complex. Today, after thousands of hours of research I think I get it, sort of. But the "how it works" doesn't matter as much to me as the "why it works" and its potential to make the world a better place for all.

2. What is Bitcoin

1) Bitcoin is a digital asset.

2) Bitcoin is decentralized. Simply meaning that the computing power supporting the Bitcoin infrastructure (or “Network”) is distributed across tens of thousands of computers as opposed to being controlled by one or two people (think Amazon AWS or Google). There isn’t a headquarters building, governing body, CEO, HR department, board etc., to manipulate the price of Bitcoin.

3) There will only ever be 21,000,000 Bitcoin. How do I know, it's written into the code...well...can't someone simply change the code? Maybe in 2010, but there isn't a nation state with the financial resources or computing power to change the code today. Simply put, Bitcoin has grown too large to corrupt or manipulate. Don't believe me, find your closest super nerd (this is a compliment) and ask them to explain it.

4) Today (03.29.2024) there are roughly 19.6 million Bitcoin in circulation and likely fewer with how many were lost or misplaced by users in the early development days. The additional 1.4 million Bitcoin will be slowly produced (commonly referred to as “mined”) from now until the year 2140.

5) The daily production of the remaining bitcoin not in circulation is reduced every four years (referred to as the “halving”). Today (03.29.2024) there are approximately 900 Bitcoin being produced daily and on April 19, 2024, there will only be approximately 450 Bitcoin being produced daily. In 2028 there will only be approximately 225 Bitcoin produced daily and this cycle of supply reduction will continue until the year 2140.

6) Each Bitcoin is made up of 100 million Satoshis (in simple terms, imagine that Bitcoin is a dollar and Satoshis are pennies, but instead of 100 pennies to a dollar, there are 100mil pennies to a dollar). Since owning a whole Bitcoin is unachievable by most today, people can purchase Satoshis and save them.

7) Bitcoin has value because people, corporations, and governments give it value by buying and selling it. Its value exists because WE give it value. Simple supply and demand.

8) Bitcoin cannot be confiscated by governments if stored in a cold wallet. Think of a wallet as a bank account.

Hot Wallet - It's like a bank account in the cloud (or online)
Cold Wallet - It's like a bank account on an external storage device (offline) that you physically hold

9) Bitcoin is the fastest rising asset class in the history of the world.

10) Blackrock’s (SEC Approved) Bitcoin ETF IBIT is the most successful ETF in the history of ETF’s.

3. Why Bitcoin

People who save in Bitcoin create a better future for their family and generations to come without having to worry about the impact of inflation on fiat (government currencies).

People go to school, work jobs, invest in real estate and buy assets to build wealth...but why? So they can retire, have nicer things, feel better than the person next to them or for power (messed up but true). But in a world where the cost of goods, services, and housing rise faster than an individual’s pay, how are people supposed to live? The answer is often more government spending and subsidies, which unfortunately is one of the drivers that created the problem in the first place.

The simple fact is that the way governments globally spend our money and print money is out of control and for the average person living anywhere in the world life is hard and it’s almost impossible to get ahead.

Saving in Bitcoin changes this. In fact, nobody in the history of Bitcoin who has held it for more than 4 years has taken a loss. Quite the contrary, they have seen incredible gains.

4. Bitcoin is Deflationary

Governments can increase and decrease money supply based on the perceived needs and economic drivers determined by leaders and governing bodies in each Nation State. In simple terms, more money in the market means less purchasing power (supply and demand). Bitcoin has a finite, maximum supply of 21 million coins. Again, in simple terms, less of something creates more value in that item and increases its purchasing power.

5. A Bitcoin Standard Translates to Less Wars

I’m middle aged and the U.S. has been directly in combat or financing combat on 2-3 Continents for most of my adult life. Trillions of dollars have been wasted, tens of thousands of lives lost, and to what end. We are now closer to our Third World War than we have ever been.

The reality is that if the world were on a Bitcoin Standard and they were unable to print money to finance “strategic objectives” they wouldn’t be as reckless with it. If governments were forced to work off of a balanced budget like most adults are required to, then reckless spending would drop substantially. Will it be harder for a little bit? Yes, but only in the near term...long-term it may save the world.

6. Bitcoin Makes the World a Healthier Place to Live

Why is there a McDonald’s, Burger King, and Taco Bell on every street corner in America? Is it because the owners of those corporations believe that their products are amazing? No, it is because the owners of those companies purchased into franchises with the hopes of becoming financially independent.

Do you think that same business owner would initially invest his money in that Taco Bell if Bitcoin continues to be a better long-term investment as opposed to opening another fast food chain, providing convenient, overly processed poison to an already obese U.S? I think the answer is a simple no.

7. Bitcoin Prevents the Unnecessary Destruction of our Planet

I was recently at a restaurant in Costa Rica when I overheard two New Yorker’s discussing how they could, “…just buy that piece for 15mil and we could subdivide it and triple our money…”

Most of the unnecessary commercial development is driven by the desire to have more wealth and that desire for greed often comes at the destruction of the environment or low-income communities that are being “gentrified.”

Bitcoin outpaces all commercial development profitability over the long-term. When people stop working to get rich at any cost the world can heal and sustain us all.

8. Bitcoin will Push the World to Cleaner Energy Sources to Support Production “Mining” and Maintenance of the Infrastructure “Network”

The energy consumption required to grow and maintain the Bitcoin network has been a topic of interest for quite some time. Bitcoin naysayers claim that it will destroy our planet and cause global energy crisis with lesser developed power grids. The reality is quite the opposite however. Bitcoin is driving innovation to find cheaper and cleaner methods of powering the Bitcoin network. The technological innovations that will be led by Bitcoin mining over the next 10-20 years alongside visionary leaders in the space like Elon Musk will become a net positive for the entire world.

9. Conclusion

Bitcoin may or may not be adopted by the world, but as I told my mom, “…It should be for the sake of humanity.” So, if you are concerned about the state of the world, I implore you to buy some Bitcoin. If I’m wrong…well, that sucks and you still make money. If I’m right…you have the potential to be part of the initial 5% who is changing the world and make a better place for generations to come.

Stack Sats and Hodl for Dear Life.