DK on Nostr: These stories illustrate why we bitcoin; we want our savings to be durably valuable ...

These stories illustrate why we bitcoin; we want our savings to be durably valuable through time without having to introduce unwanted risk, and we want our world to operate on a level playing field, where good monetary actors are rewarded and bad monetary actors are not. #whywebitcoin #bitcoin

quoting note1uy0…z807

There are two big stories in the global economy that I am exploring in my work:

One is the individual in a world where money is transforming from a bearer asset to a mechanism of control. This is where the classic human rights stuff comes in: NGOs getting their bank accounts frozen, reporters unable to get paid in dictatorships, central bank digital currencies and surveillance, bank blacklists, politicization of the banking system, etc

The second story is an international one, where we have a currency caste system with the dollar on top. Born into Pakistan or Egypt? Tough luck, your local fiat currency -- which is what you earn your wages in -- is being devalued way way faster than you'll ever get a raise. And it is devalued so that your country can, in large part, export more stuff cheaply so it can earn some dollars or euros to pay back debt and buy weapons.

Bitcoin poses challenges to both systems. It is a parallel economy for individuals that governments cannot stop. And, secondly, it is an escape from currency devaluation and potentially, in the long run, a way for developing countries to get out from under debt colonialism

These topics are explored at length in my recent interview with Nate Hagens on his Great Simplification show

https://www.thegreatsimplification.com/episode/72-alex-gladstein