Evolutionist,
How many dollars exist in the world? Or Euros? Or Yens? The answer is nobody knows. Honestly, nobody knows, not even the people who print them. All government currencies, or FIAT, have an “unlimited supply” feature that makes them worthless.
For example, take a look at the money supply for the Federal Reserve Bank of the United States. They measure the money supply in layers M1, M2, and M3. Many of the original charts have been discontinued, and the current charts show a dramatic supply increase in 2020 due to the pandemic response. How bad has the unlimited supply problem gotten? 80% of all US dollars in existence were printed in the last 22 months. EIGHTY PERCENT!
So what happens when governments print too much money? It ultimately becomes worthless because everyone will have money, and the currency will enter into hyperinflation. This past year Lebanon, Turkey, and Sri Lanka have had their currencies fail. Here are 152 currencies that faced the same death in the past. Money printing leads to unavoidable currency death, so the only question remaining is who will be next?
What does this mean for you? If you have any savings in FIAT currencies, those savings are worth less and less every day. What you could buy for $10,000 last year would cost you $13,000 this year and, at this rate, $20,000 by 2025. Can you afford to watch your savings lose purchasing power like that?
Enter Bitcoin. Total supply, 21 million, FOREVER. To understand more about the magic of 21 million, check out the articles below.
To the moon!
THE 19 MILLIONTH BITCOIN HAS BEEN MINED: WHY IT MATTERS
“In addition to protecting people’s purchasing power, with its predictable policy, Bitcoin enables planning for the future as users can rest assured that nobody will debase their money. Important developments in society are arguably enabled by a strong commitment to long-term work and investment, rather than short-term bets.”
Namcion - Bitcoin Magazine
THERE’S ENOUGH BITCOIN FOR EVERYONE
“The smallest fraction of a bitcoin, 0.00000001 BTC, or one satoshi, was named to honor its mysterious creator, Satoshi Nakamoto. A single bitcoin is made up of 100,000,000 units called “satoshis.”
Paul Opoku - Bitcoin Magazine
The Halving: A preprogrammed reduction of the bitcoin block reward every 210,000 blocks.
READ 📚
The Bitcoin Standard: The Decentralized Alternative to Central Banking
The Fiat Standard: The Debt Slavery Alternative to Human Civilization
21 Lessons - What I've Learned from Falling Down the Bitcoin Rabbit Hole
The Blocksize War: The battle over who controls Bitcoin’s protocol rules
The Price of Tomorrow - Why Deflation Is the Key to an Abundant Future
WATCH 📺
Cryptopia - Bitcoin, Blockchains, and the Future of the Internet
Bitcoin: The End of Money as We Know It
Banking On Africa - The Bitcoin Revolution
LISTEN 🎤
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All evolutionists will receive a free digital copy of my upcoming book: title and release date set for Q2 of 2022.
Great stuff!