Painters and builders, out of chaos comes Bitcoin
Bitcoin is the first opportunity in history where 50% of a transaction is not built on chaos. This year, next year, one hundred years, 1btc will be worth 1btc. If you are a Painter or a construction worker wondering where all the certainty went, you can bet the house on the fact that what you earn today in bitcoin will be worth at least the same forever. So you don’t have to tear your hair out working ever harder while going backwards.
Materials forever rising in price, and wages not keeping pace with bills at home? How many more increases will customers tolerate before they stop using your services? Ironically, never before has the construction industry had access to such great products, and technical know how. Welcome to the end of an era.
Chaos is built into our lives by dint of participation in a Fiat financial system, a system built on imperfect money and a willful inflation policy.
Who or what causes inflation? Simple, governments printing money. The financial system with 2% inflation rate embedded at it’s core ensures the workers have to put in 2% more effort or smarts into our daily grind just to stand still. For who benefits most from the ever increasing endeavour and efficiency of the workforce, read on.
Inflation is a sly tax to sweep 2% of all wealth created by the workforce into the hands of asset holders ( the already wealthy) year after year. Take a loan And the real repayment valué reduces by the rate of inflation. (That’s why you hear that deflation is the enemy, but it’s only the enemy of the rich.) In recent times, 2% inflation has become 3, 5, 7%, increasing the transfers of wealth commensurately, at the cost of the poorest and at the cost of increasing the chaos for everyone.
The Transfer of wealth and the increased chaos are subtle enough to go unnoticed in real time. It’s only after 35 years of work that you look back to see the purchasing power of your first cash-based lifesavings is down 50% thanks to inflation. You realise this when you retire, just when you should be benefiting from playing your part. And that is In rich, stable economy! In many nations with 10% inflation, It only takes 7 years to learn the wealth transfer lesson. 7 years to see the Matrix for what It is!
Chaos is built into our system because the money is chaotic. The system’s economic architects know that all human activity is transactional, from a thirsty person buying a beer, to health care insurance, we all pay for anything that needs doing. Barter sucks so we use money to facilitate those transactions. The trouble is, the value of the money is chaotic from one year to the next because governments print money to fuel inflation. And the guardians of the money stir the pot even more when they decide they need to fund their whims, like war or great internationally acclaimed projects. Instead of raising taxes and annoying the voters directly, they simply print money into existence as debt, spend It as they wish, and then the voters pay It back through the back door.
Frogs can last a while in slowly boiling water, but eventually the Heat makes them pay. Likewise in the economy the chaos, and the consequences of cumulative misaligned incentives vibrate enough to throw many stable aspects of Life into an unstable state. Nothing seems to work any more. Now the “great institutions” seem to be reduced to herding Cats, putting sneakers on roosters, gambling with pensión funds, and the workforce all the while, trying to earn an honest living for basic needs, increasing our output, but to no avail. Meantime the media, the education system, and fellow frightened, distracted, confused friends plus a smattering of “stop with the conspiracy theories” crowd, who are basically the minority comfortable off benefactors of the Fiat system, ensure we don’t stop to think “Why am I keeping this crackpot system going?” And god for id act on TVE realización that the system is chaotically vibrating itself to pieces.
But there is a way out. 2009 along comes Bitcoin, the most complete financial tech ever devised. Perfect internet money with incorruptible Code and unhackable security beyond the reach of all any despot to inflate to chais. Not even well meaning good guys can change It, because no human can give assurances that there will be no unintended consequences if they ran Bitcoin!.
On a Bitcoin Standard, all of a sudden, those on the other side of a transaction can plan with certainty. Why, because 1 BTC is always worth 1btc, due to a cap at 21 million.
That means we can work, get paid a fair rate for our work, pay out bills and save. And those savings Will hold their valué forever. That means painters and builders can stop working ever harder just to stand still. Now the other 50% of a transaction can be measured, calm, and genuinely smart. No gambles, no pricing according to the car on the drive. Consistent, fair. On a Bitcoin Standard there is no hidden force nudging you into a risky deal to get ahead just to stand still.
The problem with Bitcoin is It stops the free lunch for those benefiting most from the current Fiat, wealth Transfer system. That’s why you hear Bitcoin boils oceans, funds terrorismo, aids money laundering - tonout you off leaving the Fiat system, which incidentally has a Monopoly on all those evils!
Bitcoin economy is deflationary, in that the fixed supply of Bitcoin gains in value the more wealth is created. If you hold Bitcoin as savings, the true value of your savings increases. If you have debt, which is how the wealthy find their existence, your debt increases in real terms. Taking on debt is fine, to fund great ideas, but the Fiat system means you can earn fortunes on dumb and socially damaving ideas. Think the pivatised wáter companies, or luxyry homes in delrived áreas. People making fortunes off really bad ideas. When the true cost of your debt outweighs your income from a project, you won’t invest. So Bitcoin as a valuable and increasing valuable asset means the rich don’t invest stupidly any more. And as a Painter or plumber you don’t need to grow your way to maintain your standard of living..
So whilst Bitcoin can’t literally solve everything, off the bat It deals with 50% of our financial existence, and provides a platform for us to systematically resolve the other 50%, the problems inherited from the Fiat system.
Luckily, because any change to the fundamentals relies on 51% concensus, every day that Bitcoin adoption grows, so the chances of co-option by mad resource accruers reduces. And because Bitcoin can absorb all and any attack, leaving itself stronger and it’s attacker weaker, Bitcoin will prevail whatever any of us think.
Painters and builders, can get out of chaos adopting Bitcoin.
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