Three years ago, Prodigyac, a user on Reddit, wrote: "It seems that there are 3 different type of people that oppose Bitcoin. Sometimes a person could have 2 or 3 of these traits.
They understand Bitcoin and how it works but believe that it will not be successful (I am completely fine with this type of person)
They have missed out on receiving tremendous gains because that have sat on the sideline. So they oppose Bitcoin because the are upset with themselves that they didn't buy Bitcoin early on.
Bitcoin becoming successful and mainstream would kill their wealth, business, success, etc. (An example would be Jamie Dimon saying Bitcoin is a "fraud." If Bitcoin becomes a huge success and takes over fiat, JP Morgan would probably get destroyed. Hence why he is opposing Bitcoin)"
The Rich and Powerful Cry Foul: Their Centralized Power Threatened by BTC
In 2020, we heard a few prominent people say that Bitcoin is used for money laundering, drug trade and criminal enterprises. These tones were played out like a siren song by mass media, over and over. 'Bitcoin is crazy wild, but stay away from it', they said. Stay away, it's for really bad people who break the law.
So on top of these outright false beliefs stated by Prodigyac, the mass media and powerful, rich individuals urged the general public from mass adoption of this wildly, incredibly useful vehicle for wealth transfer and transactions.
In fact, what Bitcoin and crypto provides is something most still haven't fully grasped: decentralization for many, many technologies and forms of communication.
The finance sector, music and entertainment, medicine, artificial intelligence and so, so much more are all fantastically, powerfully empowered by crypto. It is not a ripple, it is a tidal wave of paradigm shifts to come!
Decentralized Tweets: Less Dorsey, More Free Blogging
Take for example, decentralized systems that allow you to "tweet" whatever the hay you wish, without anyone being able to stop you - even if they tried! It is hard to use the dotcom era tools with true freedom, post Jack Dorsey and Mark Zuckerberg. Decentralization using crypto and affiliated technologies enables, yet again, a reproducible free form of communication and transaction.
Ban Bitcoin and Die
Countries have outright tried to ban Bitcoin, like China and India. They will find doing so is largely a suicidal act for their economies. So they will have to bend the knee, even should they drag their feet and gnash their teeth like the Federal Reserve, IMF and WEF.
One of these organizations' leaders said of Bitcoin and crypto: "funny business". Meanwhile, the Federal Reserve and the current administration are working round the clock to figure out a way to make Bitcoin more centralized. This should make us laugh. Jack Dorsey has funded an organization with other partners to make "bitcoin safer", as if its open and decentralized systems are not good enough. Again, this should make us laugh. The powerful and rich want to put centralization into something that has entirely other-DNA than what they're used to seeing in currency.
Change Your Mind, Change Your World: Bitcoin is More Valuable than ALL National / Local Currencies
But let's get straight to the point. What I propose is a new way to think of Bitcoin, not as a currency you hold in your wallets in order to get USD or your local or national currency for trade. Instead, think of Bitcoin as in itself, THE MONEY of the world. It is not simply an exchangeable digital item with limited supply - it is FAR, FAR more valuable than the quarters, dimes and cents in your home.
Every satoshi is worth more right now than the physical dollars in your physical wallet, even your checking account.
How can I be so confident in saying this?
Because Bitcoin has not only achieved adoption en masse, it has surpassed all expectation.
Again, to summarize, the naysayers have been calling it all manner of names, the regretters have been bitterly angered by their foolishness and pride, and the CENTRALIZED bankers and powerful, rich people are all now diving into Bitcoin as though it were chocolate cake. They're trying to break into the cake.
But the cake is for every individual on earth that needs to trade, transact value and communicate. Bitcoin is a global cryptocurrency, and it is worth more than any USD, EURO, GBP or other currency around. Period.
- First to market mass-adoption and use (remind you of Google? Of the dotcom era boom?)
- Super viscous and decentralized. Expect swings of over 40% at times, and swings up just as wild. I'm saying this loosely, as foolishly as those who said it would reach 48k back when it was 8k.
- Every satoshi is worth more than any physical dollar
- Treat the Bitcoin with more respect and just stop, stop thinking of it as only a digital item for exchange
- Peak has not been reached, nor is it possible to truly predict it - but 1000% - 3000% increases are possible because not everyone owns a slice of Bitcoin yet. It will take time and lots of swings up and down.
- Lost wallets, whales and other unpredictable things about Bitcoin make it an exciting and super volatile currency that can truly enrich and stave off inflation -- that green Devil that robs a country's populace of its hard-earned keep. All this particular point means is, each coin will be even more scarce with more lost wallets and time.
I hope you are enlightened by this article and find it tremendously valuable.
