I heard about Bitcoin a while back, but I tried my best not to learn more about it because it’s too dangerous and volatile. They said It will soon go away, it’s destroying the environment by using too much energy. So no thank you very much, I love my inflating national currency and I don't think it is necessary to include that bad Bitcoin thing in my ever getting cheaper livelihood.
Now, for some reason I am reading this today so I finally decided to ignore the noises and I want to grant Bitcoin some time from my busy life to find out for myself what the hell is really going on.
Perfect great way to start, Bitcoin is the people's money and it’s for the ones who are exclusively prohibited to shake the money tree. What is Bitcoin, you ask? Great!
But first of all, in order to really understand what Bitcoin is, you will need to remove your hat and let bitcoin shave you free from everything you have learned about money and start fresh from a new beginning.
For Grandmas, Dads, Moms, Sons, Daughters, Families & Friends
Bitcoin gives you complete control and ownership over your hard earned money you traded for your precious time. Bitcoin is digital gold with infinite scarcity, only 21million bitcoin will ever be created. The only difference to gold is that you don’t need to bury your bitcoin in the ground or store it in a physical place like your house but instead you can store it in your memory or on a piece of paper and leave. So your bitcoin can be with you all the time and you can even take it in the graveyard with you if you like. But you can also pass on your bitcoin to your kids by simply sending it to them as a generational wealth transfer. And when you own your fraction of a bitcoin you don’t need permission from anybody or institution to send it to whoever you please but you simply send it and nothing can stop it.
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How can Bitcoin help me as an average person? Bitcoin is a saving technology that can help anybody store their life's worth of savings or energy that will never get bleeding away through inflation or other forms of money confiscations. Bitcoin gives you a fighting chance to survive in times of chaos, society collapse, hyperinflation, war, and other crises. Bitcoin can be a great tool to support your retirement savings or a second plan B for life saving of yourself and your family. Because of its limited supply of 21million and its utility around the world that every human being on the planet is having the problem of wealth confiscation that Bitcoin solves so bitcoin value can only grow higher overtime.
But bitcoin is expensive isn’t it? The real unit of bitcoin is Satoshi or Sat, the smallest subdivision of a bitcoin(1 bitcoin = 100,000,000 Sats). So Always try to look at it in the Satoshi term instead of the huge bitcoin price, this way you will realize how cheap bitcoin still is. At the time of writing this, $1 will buy you approximately 2,363.675 Sats, so spending $423.07 will make you a Sats millionaire in the bitcoin standard. Avoid getting stuck thinking in the fiat dollars price but instead in Sats.
How else can Bitcoin help me save myself and my family? In a worse-case scenario, for example, in a hyperinflationary environment where your money is getting worthless daily or by losing fifty percent of its value each day meaning the same $100 groceries of today will cost you more than $700 next week while you will still have to feed your family at that time and you will not able to do anything about it. By the way this is happening right now in many countries around the world. Also Bitcoin can be your bank if you lose access to your bank account or if your bank wants to freeze your money in your account or if they want to prevent you from withdrawing your money. So all these make knowing how to use Bitcoin a hero survival skill to have.
How Do I Plug My Family Into Bitcoin?
Education First! Most importantly it will require you and your family to invest much more time to learn deeply about this saving technology so you can have the full conviction on why it can really help your family grow overtime, because Bitcoin is not something that can be understood in a single good afternoon. It can take you quite a while to fully understand it and make the decision for yourselves, but don’t worry you will understand Bitcoin as soon as you are ready.
Migrating my family to the Bitcoin Standard! Basically, integrating Bitcoin into your family can be as simple as converting any extra family cash into bitcoin every two weeks and ignoring all short term volatility and noises, since bitcoin is long term growth not short term. By doing so you upgrade your family from a fiat standard(unlimited money supply) to the Bitcoin standard(limited scarce money with a cap).
Integrating Bitcoin Into Your Small Business
Bitcoin is inevitable for businesses that want to survive or succeed in a hyperinflationary environment. But first you need to spend some time and resources to educate yourself about Bitcoin and to understand its use case for you before you decide to convert all your cash flow into it.
Upgrading my business to the Bitcoin Standard! Just like buying bitcoin for your personal savings, you can also buy bitcoin with extra cash flow generated by your business to preserve for the long term. Accepting payment in bitcoin can be great for your business because bitcoin does not charge you 2 to 3 percent transaction fees but instead the customers pay the negligible transaction fee and also accepting bitcoin is a great marketing strategy for your business since bitcoin is massively used all around the world and it’s adoption only keeps growing.
A deeper look into Bitcoin functionality
How does bitcoin really work? All bitcoin functionality boils down to this: the ability for two persons to make a transaction that will be recorded on a public sheet that is visible to everyone else who is using the same sheet to send, record and verify their transactions. But this sheet needs to be protected from bad actors who wish to falsify transactions or commit corruptions, that’s why they are using computers all over the world to independently supervise and protect the sheet. And this is why there is a certain amount of bitcoin coming out in circulation to compensate the miners for doing the work of protecting the sheet, but the amount of bitcoin available for issuance to pay miners is diminishing over time no matter how many miners are joining the network. And most importantly there is a limit on how many bitcoin that can be mined which is only 21 million. So that adds up to the bitcoin scarcity feature, and this is why the bitcoin price is more likely to go up in a relatively long period of time.
What is the Bitcoin network? Think of the Bitcoin network like all the ants in the world coordinating together to always keep the species alive, so if there is a war on the ants in one region of the world then the ants will migrate to the regions that are safer and more welcoming to ants but what if there is a global coordination to kill all the ants in the world like what happened to the dinosaurs? Then a new generation of ants will be reproduced out of the old ants eggs but stronger and with better strategies to survive attacks. In the end, because Bitcoin is an idea it’s hard to point a gun at it.
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My goal is to help as many people as I can crossing the bridge of understanding the Bitcoin saving
technology so they can protect themselves. If this post helped you in any shape or form and you would like
to support me you are welcome to contribute with as little as $0.5 to this bitcoin address below. But
most importantly please share this with your family and friends to help them out in understanding the
Bitcoin potential to save their lives.
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Thank you!
