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@ SatStackr
2025-03-19 16:40:53
Okay here is my 2 sats:
I am by no means an expert in economics or financial markets. I am decent with math and have a (basic) background in computer science and programming.
I only learned about bitcoin fairly recently (less than 1 year ago). I’ve been studying it daily since September 2024, and only bought in November.
The first time I heard about it around 2017 I quickly dismissed it - my rule at the time was cash is king so why would I waste my time with digital money? I didn’t even have a credit card, just a debit card to withdraw cash once a week from the ATM.
Once I read The Bitcoin Standard (after it sat on my shelf for ~2months), I truly felt like I was the last person to hear the news. Felt like everyone knows about the truth behind our financial system, and I just joined in. Then quickly realized, NOBODY is aware.
I’m curious to why more people aren’t asking questions about our financial systems on a larger scale? And I mean people like parents who have been working for 20+ years, honest earners, and millionaires (surely you don’t become a millionaire by sheer luck)…
Why do we have a federal reserve and almost every country has a central bank? Wouldnt be simpler if everyone in the world adopted Bitcoin? Why is there a “foreign exchange” industry that generates Trillions of Dollars annually purely on arbitrage (also known as speculation, or gambling imo) without adding a dent to the GDP?
There wouldnt be a need for the Fed’s “dual mandate of price stability and maximum employment”. The free market will decide on the price of goods & services and the hard money will incentivize people to work and provide value for society because there would not be any other “easy” ways to earn money (unlike today where it can be borrowed and printed).
Borrowing will still exist, but lenders will only lend capital if the investment is worthy. And anyone who decides to lend money they dont have will have to deal with the consequences.
To this day I still don’t understand why this is not something the human civilization cannot agree on.