bhavik on Nostr: - @rajatsonifnance 👌🏻 In this post, I'm going to sound like a little bit of a ...
- @rajatsonifnance
👌🏻
In this post, I'm going to sound like a little bit of a conspiracy theorist.
Some of this will seem too good to be true.
Read what I have to say and let me know if you don't agree, or where I'm going wrong.
On a global Bitcoin standard:
- Your money won't constantly be stolen from you through inflation, so you will be able to save for your future without buying stocks and real estate
- The financial services industry is currently around 25% of the global economy today... this would almost completely be eliminated and replaced by Bitcoin or Bitcoin products
- Entire blocks of excellent land would no longer be dedicated to banks
- The billions of hours of labor used by financial services (investing, lending, banking, etc) would drop significantly
- We would need fewer economists
- Housing wouldn't be seen as an investment anymore
- Wages would go to a market rate instead of being controlled by governments and lobbyists to be set high enough to take out small businesses as competition
- Large corporations would starve to death because of a loss in profits (because of competition)
- Entrepreneurship would be the most financially rewarding career path (instead of doing something like working on Wall Street)
- Small businesses would thrive
- Food production wouldn't be funded by large corporations (more mom & pop shops and farmers selling and producing higher quality food)
- Families and neighborhoods would be designed so people living next to each other can rely on one another instead of governments
- Insurance would no longer be needed because we would rely on our families instead of companies we don't even trust to pay out in 30 years
- You wouldn't have to waste precious time learning how the financial industry works so that you can focus on whatever you do best (investing is a full-time job)
What else?
👌🏻
In this post, I'm going to sound like a little bit of a conspiracy theorist.
Some of this will seem too good to be true.
Read what I have to say and let me know if you don't agree, or where I'm going wrong.
On a global Bitcoin standard:
- Your money won't constantly be stolen from you through inflation, so you will be able to save for your future without buying stocks and real estate
- The financial services industry is currently around 25% of the global economy today... this would almost completely be eliminated and replaced by Bitcoin or Bitcoin products
- Entire blocks of excellent land would no longer be dedicated to banks
- The billions of hours of labor used by financial services (investing, lending, banking, etc) would drop significantly
- We would need fewer economists
- Housing wouldn't be seen as an investment anymore
- Wages would go to a market rate instead of being controlled by governments and lobbyists to be set high enough to take out small businesses as competition
- Large corporations would starve to death because of a loss in profits (because of competition)
- Entrepreneurship would be the most financially rewarding career path (instead of doing something like working on Wall Street)
- Small businesses would thrive
- Food production wouldn't be funded by large corporations (more mom & pop shops and farmers selling and producing higher quality food)
- Families and neighborhoods would be designed so people living next to each other can rely on one another instead of governments
- Insurance would no longer be needed because we would rely on our families instead of companies we don't even trust to pay out in 30 years
- You wouldn't have to waste precious time learning how the financial industry works so that you can focus on whatever you do best (investing is a full-time job)
What else?