June 30, 2022

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How Bitcoin Fixes The Money, Saves The World – Bitcoin Magazine

Two things are undeniable: We are living in times of massive change, and Bitcoin is a part of it. We.......

Two things are undeniable: We are living in times of massive change, and Bitcoin is a part of it.

We are living in times of massive change, a “fourth turning.” The book “The Fourth Turning” by Strauss and Howe covers centuries of history and shows that demographics and other factors lead to massive change in societies every 100 years or so.

Generations change distinctly: the ’60s were different from the ’50s and the ’80s. But a fourth turning is a different level of change. If history is any indication, in this fourth turning we will see changes in maps, society, religion, belief systems and we may see the very nature of economics and money itself change.

Bitcoin came into the world at the right time. Any earlier, and Bitcoin could not have practically been used due to internet usage rates. It is interesting that Bitcoin is here just as the global economy faces such massive change to the old-school fiat system that has been running for the last half century and driving our world into the ground. The old fiat system is unsustainable. Bitcoin presents the ultimate hedge against the failed monetary policies of central banks.

It’s key to remember that central banks don’t just devalue the money of citizens, their very existence causes some of the greatest evils that we see in modern society. In a world of sound money, people would value their hard-earned coins more. People would …….

Source: https://bitcoinmagazine.com/culture/how-bitcoin-fixes-the-money-saves-the-world