Imagine a small town overlooking the Pacific surrounded by thousands of acres of forest, where the seasons pass predictably, you know your neighbors, never have to lock your doors, source your food from local farmers and seldom hear a discoraging word.
Iโd move there in a heartbeat.
Before bitcoin is computer code, before itโs money, before itโs an asset or an exchange traded fund, bitcoin is moral code.
Bitcoin is:
- You shall not censor
- You shall not inflate
- You shall not confiscate
- You shall not counterfeit
- You shall not steal
The reason that bitcoin is so resilient to nation states, to governments, to tyrants is because it uses unimaginably large numbers and cryptography that even the most powerful armies cannot crack. And this financial power is available to everyone.
~ Jack Mallers | CEO Strike.me and xxi.money
Printing money at home is illegal-you'll face a Secret Service visit and prosecution. But if you want to create money from nothing legally just get a mortgage. Bank loans generate new dollars out of thin air using fractional reserve banking.
If you were guaranteed a pay cut every month, how would that make you feel? Well, you are getting a pay cut but itโs hidden. With the official rate of inflation at 2.7% (though inflation is probably higher) each monthly paycheck you receive has ~0.22% less purchasing power than the month before.
Study bitcoin.
