I suspect that the reason why some authors do not adjust their perspective is because Bitcoin challenges some of our most basic assumptions. Can human beings govern themselves, if given the right tools? Or are we by nature barely capable of surviving unless controlled by powerful authoritarian forces? Depending on your answer to those questions you may or not (knowingly or unknowingly) choose to ignore the reality of Bitcoin. To preserve the integrity of your existing belief system.
The argument that Bitcoin is too volatile is a tired argument. Do yourself a favour and take a step back. Bitcoin, a world first that was invented just over a decade ago, is being priced in a currency with more than a century of governance behind it. Which one of those two would you expect to be more volatile?
As with many things in life, people always want simple answers to questions, even when reality isn’t simple at all. Is Bitcoin bad for the environment? The simple answer is no. But the reality is far more complicated.
What kind of a person has the mental, moral and emotional fortitude to watch from the sidelines, in silence, while their invention changes the world, without taking a shred of credit or fame along the way, instead choosing to forego untold riches in exchange for the possible realization of what was, at least to begin with, little more than a fragile promise of freedom?
“Who does that?” you ask.
Satoshi did that.
Investors are increasingly waking up to the reality that their fiat cash reserves are melting ice cubes. As a result hard assets like Bitcoin are gaining traction as a hedge against inflation. However, Bitcoin isn’t just a hedge against inflation. It’s also a wedge that’s forcing open and widening the cracks in a world where true power and control is hidden behind a facade.
If you wouldn’t trust a heart surgeon who doesn’t know the difference between a ventricle and an atrium, then you shouldn’t trust Mirror Trading International (MTI)
They claim to use Bitcoin as a “base currency” and yet their publicly advertised understanding of Bitcoin is grossly lacking.
Many myths persist about Bitcoin. One of the most widely believed, yet deeply mistaken, being the idea that Bitcoin is “only-used-for-buying-things-that-are-illegal.” Because it’s anonymous. The fact of the matter, however, is that Bitcoin isn’t actually anonymous at all. The movement of individual coins can be precisely traced.
Bitcoin is approaching new all-time-highs and, within the next month or so, is set to surpass the record seen during the last frenzy of 2017. This will mark the early stages of the impending 2021 frenzy. But, if you’re asking yourself whether you should invest in Bitcoin or not, and whether you should invest now or later, you’re asking yourself the wrong questions.
If you’ve heard about Bitcoin and you’re only somewhat familiar with it, chances are you’ve heard all about all the scams that are associated with Bitcoin. And if this is all you’ve heard about Bitcoin, then chances are you think Bitcoin itself is a scam. But this couldn’t be further from the truth.
The development of CBDCs is interesting because Bitcoin was designed to improve upon state issued fiat currencies and the sudden emergence of CBDCs show that central banks realize this.