efenigson on Nostr: “Do you believe that Bitcoin can promote individual freedom and financial ...
“Do you believe that Bitcoin can promote individual freedom and financial sovereignty? In what ways?” — I was asked on my recent interview for tio / 20 minuti in Switzerland (link below):
“Those who invest the time to learn how our current fiat monetary system works, understand that our wealth is being eroded by the state, in the form of inflation and taxation. Western countries, for the most part, were able to uphold this illusion of economic stability, thanks to relatively low levels of inflation and a level of taxation that we can “live with”. But as our debt-based economies reach peak levels of debt, followed by an ever increasing rate of emergencies, wars, or crises, the state and its central bank are losing their grip over monetary stability, and we the citizens are starting to feel the tightening control over and growing erosion of our assets, the unstable nature of most investment assets, and in general we’re just tired of the yields-chasing race, to try and beat inflation. In such a reality, Bitcoin is a refreshing paradigm shift.
With different rules to the fiat “game”, Bitcoin’s fixed supply dictates monetary stability in the long term, with an appreciating nature. When I think long term, I’d like to know that my savings or wealth are stored in a hard asset such as gold, without the disadvantages of its physicality that can lead to it being confiscated. Bitcoin is a hard asset, a digital gold, that can be moved around easily, unlike gold.
On top of that, one of the biggest hurdles for humanity to be financially free and sovereign are the limitations posed by the banking sector on what’s ours. Withdrawing funds is not that easy anymore, privacy with cash is slowly disappearing, and the threat of #CBDC is looming. In the face of these hurdles, Bitcoin needs no permission to use. With direct access in self-custody to my wealth, I am able to reduce friction and increase my independence over my assets.
In some developing countries and communities, Bitcoin is already being used today also as a medium of exchange, in places like Nigeria, Peru, Costa Rica, Guatemala and many more, allowing people to be more sovereign and to be their own bank. In countries where hyperinflation is storming - such as Egypt, Lebanon, Argentina and Venezuela - Bitcoin is used more than in other places, as its advantages and properties emerge as harder safer alternative than the failing fiat.”
🔗 Link to full interview below >>
“Those who invest the time to learn how our current fiat monetary system works, understand that our wealth is being eroded by the state, in the form of inflation and taxation. Western countries, for the most part, were able to uphold this illusion of economic stability, thanks to relatively low levels of inflation and a level of taxation that we can “live with”. But as our debt-based economies reach peak levels of debt, followed by an ever increasing rate of emergencies, wars, or crises, the state and its central bank are losing their grip over monetary stability, and we the citizens are starting to feel the tightening control over and growing erosion of our assets, the unstable nature of most investment assets, and in general we’re just tired of the yields-chasing race, to try and beat inflation. In such a reality, Bitcoin is a refreshing paradigm shift.
With different rules to the fiat “game”, Bitcoin’s fixed supply dictates monetary stability in the long term, with an appreciating nature. When I think long term, I’d like to know that my savings or wealth are stored in a hard asset such as gold, without the disadvantages of its physicality that can lead to it being confiscated. Bitcoin is a hard asset, a digital gold, that can be moved around easily, unlike gold.
On top of that, one of the biggest hurdles for humanity to be financially free and sovereign are the limitations posed by the banking sector on what’s ours. Withdrawing funds is not that easy anymore, privacy with cash is slowly disappearing, and the threat of #CBDC is looming. In the face of these hurdles, Bitcoin needs no permission to use. With direct access in self-custody to my wealth, I am able to reduce friction and increase my independence over my assets.
In some developing countries and communities, Bitcoin is already being used today also as a medium of exchange, in places like Nigeria, Peru, Costa Rica, Guatemala and many more, allowing people to be more sovereign and to be their own bank. In countries where hyperinflation is storming - such as Egypt, Lebanon, Argentina and Venezuela - Bitcoin is used more than in other places, as its advantages and properties emerge as harder safer alternative than the failing fiat.”
🔗 Link to full interview below >>