Crash Fiat Buy Bitcoin
Hey JessCitizens
Fiat money is a strange old thing; it's given us a way to be complicit in a system while governments and those at the top receive a god complex as they control the flow of capital. Since we are so hopelessly reliant on fiat money, we remain docile. We remain calm as long as we have a steady stream of fiat coming our way as the calm cow always produces more milk as long as its fed.
The problem is what they are feeding us with has no nutritional value/less value/less purchasing power and what we produce from it is what provides the value. Fiat money is modern-day alchemy, and those at the top have figured this out, us at the bottom, create the magic and gold.
The fiat pizza pie
The best way I've found to describe it was to think of a Pizza. The world produces goods and services, and it's all one pizza, but we measure this pizza, not in centimetres but fiat money lets say US dollars.
When governments print money, they do not make the pizza bigger as everyone seems to think they only take the same pizza and slice it up into smaller pieces for you and bigger pieces for them.
They essentially shift more purchasing power to them and leave you with the inflation-based system you have to deal with every day.
Bitcoin the trojan horse
Previously we could only escape into markets like gold, stocks and real estate and while this can go up faster compared to fiats debasement, it's still measured in fiat,. Thus nominal gains are easy to see, but actual gains are hard to see, and you may be losing in some markets even when the price is going up.
Investors and individuals have been stuck looking for places to put their money, and this is why we get these asset bubbles as people pile in thinking they've found the answer, its the same thing they've done with Bitcoin.
The thing with Bitcoin is, it creates an alternative system. You can't trade every day in gold, stocks or real estate, they are repressive wealth but cannot be a currency. How often are you paid in stocks or homes?
Bitcoin allows us to shift purchasing power to another system and then use it practically to generate value and GDP. Bitcoin can work with other assets, it can work with fiat, but it can also work without it, which is why it's so powerful.
It can run parallel and complement the system or allow others to fully opt-out even if it's quite complex and painful to only transact in BTC at this point.
Shifting purchasing power
As more people realise the scourge of inflation that it's not this thing that's to their benefit and keeps them stuck in a loop more people will look at inflation hedge assets like Gold, Silver and Bitcoin. As more purchasing power moves into these markets, they rob fiat of more and more GDP and thus making the fiat far more worthless in relative value.
Eventually, like in some countries you're better of using crypto than your fiat, and all fiat will get there eventually. I would even go as far as to say governments are doing it on purchase knowing it's going to die and trying to buy up all they can with it, while they can.
Once they are happy to pull the trap door on fiat, they'll launch some digital replacement and force people into it. Hopefully, by then many of us would have tasted what it's like to hold your own money and not want to go back unless they give you a good deal.
Governments and banks need to learn to serve us; not we serve them. Until such a time, we should keep our money to ourselves.
Have your say
What do you good people of HIVE think?
So have at it my Jessies! If you don't have something to comment, comment "I am a Jessie."
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