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Understand the problems, before understanding Bitcoin

There’s something sinister on the horizon for global markets right now. Any rational person can see it.

Bitcoin has been grappling with the Macro outlook, Faketoshi’s lawsuit and the lingering after effects of Luna and other scams that gobbled up the leverage throughout the crypto system.

However, when chatting with Bitcoiners who ignore the noise and focus on the long-term; there is still a strong presence of positivity and patience.

Let’s take a look at a few things that have been happening recently…

Russia, Exonn and 19 Million Bitcoin

We are about to see the 19 millionth Bitcoin enter circulation sometime in the next week. And there’s only another 2 million to go, by the decade ~2140 AD, based on the supply and halving schedule. 

19 million Bitcoin in supply. 2 million left. 21 million Bitcoin only. And 56 Millionaires worldwide.

In the words of Greg Foss, ‘it’s just math’.

Inflation: a tale of two countries

We are taking a thorough look at what’s happening in Turkey and what similarities it has with South Africa’s past, present and potentially, it’s future. The ANC is not the only corrupt government on this planet. Unfortunately, the fiat system has led central powers down a dark road where greed is endless, money printing is easy, and thus the fiat roads are all leading to zero. We can exit all of this madness. There is an incorruptible, uncontrollable, decentralized, scarce asset called Bitcoin, that is the complete antithesis to this all and the ultimate hedge against inflation.

Inflation is not a victimless crime

Inflation starts slow, but picks up speed as the real value of the money is diluted. In Roman times this was achieved by diluting coinage with other base metals, less expensive to produce, such as tin or lead, in the modern era it is achieved by printing more notes or increasing the supply digitally. The end result is the same: decreasing the utility of money to serve as a measure of value until it is abandoned by the masses. This sounds rather academic, but what is actually taking place is that the elites who control the money printer are using it to steal from everybody else. Inflation is not a victimless crime, it is theft at the grandest scale possible!