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@ Timechain Man
2025-02-19 19:11:39
Excellent thread and will definitely be giving this one a big ZAP!
This philosophical conundrum always comes after betwee 500 and 1000 hours of study.
It is attributable to imposter syndrome because the mind cannot comprehend the immaculate conception that is bitcoin.
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PROVING YOU WRONG:
Bitcoin is democratizing wealth by offering a universally accessible, decentralized financial system that operates beyond the control of governments, banks, or corporations, ensuring financial sovereignty for individuals worldwide.
Unlike fiat currencies, which can be printed indefinitely and lead to inflation that disproportionately harms the poor and middle class, Bitcoin’s fixed supply of 21 million coins ensures scarcity, protecting purchasing power over time. This scarcity fosters a fairer economic system where value accrues to participants based on early adoption, innovation, and contribution rather than privileged access to monetary expansion. While early adopters benefit initially, the rising value of
Bitcoin due to increased adoption creates a “rising tide” effect, lifting all participants who engage with the network, particularly those in regions suffering from hyperinflation, capital controls, or financial exclusion. Moreover, as Bitcoin grows in adoption, its role as pristine collateral and an uncorruptible store of value reduces reliance on inflationary fiat systems, allowing people across all economic classes to safeguard their wealth without needing privileged access to traditional financial instruments.
By disintermediating financial power structures and giving individuals full control over their money, Bitcoin levels the playing field and offers a truly democratic alternative to wealth accumulation, free from the distortions of central banks and government manipulation.