What happens if Bitcoin fails?

 


If Bitcoin fails, Privacy Fails


The ability for individuals to send & receive value peer-to-peer without the interference of government & the banking system will be lost. Bitcoin allows for a future where anyone can have private access to their money


If Bitcoin fails, Censorship Wins


We are in an unprecedented age of censorship. Bitcoin is the most secure network that has ever been built. Resilient, antifragile, & permission-less. Open to anyone in the world. There is nothing else like it. Bitcoin can’t be censored


If Bitcoin Fails, Big Government Wins


The government can lose hundreds of billions annually but want us to report every time we spend over $600. There is no government accountably or transparency in our system. Without Bitcoin we lose the only counterweight to that system


 If Bitcoin fails, Central Banks Win


Unelected bureaucrats decide the value of your labor & time. Money is the way we store the value of our time on this earth.  No one should have the power to inflate the value of your time away from you. Bitcoin’s set 21MM supply fixes this


If Bitcoin fails, Free Speech fails


Bitcoin is code. Letters & numbers. A private key is all you need to be able to store, transport & transact value with. Never in human history has speech & language been this powerful. The freedom to speak is the most basic of human rights


If Bitcoin fails, Objective Truth is Lost


"What is truth?” has never been more convoluted. You can find experts on both sides with “internet facts” supporting them. Bitcoin is the only thing we have that is truly objective & transparent. The longest chain speaks for itself


If Bitcoin fails, The Energy Transition Fails


If the hope is to transition to a new energy future, we need Bitcoin, the energy buyer of first & last resort. Bitcoin monetizes energy waste & incentivizes new & efficient energy resources. Energy & Bitcoin are nearly synonymous


If Bitcoin fails, Capitalism Fails


There is no CEO of Bitcoin. Bitcoin gained value organically, from the bottom up. The Network represents the spirit of capitalism harnessed in code. Self-interest combined with innovation & ingenuity. If you value capitalism, value Bitcoin


If Bitcoin fails, We Will Own Nothing


We don’t own anything of value. Property & money are regulated & stored with custodians. You don’t own it; you just have a claim. With Bitcoin, the value of your life’s work can be stored in a few words. Free to take with you anywhere


Bitcoin is too important to fail


If you value freedom, transparency, and truth, then you should want Bitcoin to succeed


If you value oppression, censorship, and corruption, then you should want Bitcoin to fail


We can't let Bitcoin fail

Comments

Post a Comment

Must Read

Indian Government Confirms Crypto Bill Is 'Awaiting Approval'

The Indian government has confirmed in a Right to Information (RTI) reply that the inter-ministerial committee’s cryptocurrency bill is “awaiting approval of the government.” The bill is currently being examined by various ministries. Indian Government’s Confirmation The government of India has been sitting on a cryptocurrency draft bill since it was  submitted  to the finance ministry early last year. Entitled “Banning of Cryptocurrency and Regulation of Official Digital Currency Bill, 2019,” the document was drafted by an inter-ministerial committee headed by former Finance and Department of Economic Affairs (DEA) Secretary  Subhash Chandra Garg . While no formal announcement regarding the progress of the bill has been made, some media reports suggest that  consultation  has begun on this bill. To establish the veracity of this news, lawyer Mohammed Danish, co-founder of Crypto Kanoon, filed an RTI application with the Department of Economic Affairs. In its sh...
Read more

ICO (Initial Coin Offering)

  ICO (Initial Coin Offering) term recently became very popular in startups. The era of traditional financial transactions is in the decline stage, but ICO is getting increasingly popular amongst investors. So, basically ICO is a method to raise funds for launching a new cryptocurrency in the market. It’s pretty similar to Bitcoin, Ethereum, Ripple, Litecoin, etc. By this process, ICO can attract many investors to invest in the initial stage of the project and can get the ROI after the launch. For participation in an ICO event, there are very few formalities with very few documentation involved. Also known as Token Generation Event (TGE), the ICO process also includes blockchain business which helps to generate a token for various customers. As I said, this is a prime era for ICO. Companies can raise funds within few hours of the announcement of ICO registration date and time. Some Facts: In 2017, ICO raised 5.6 billion dollars. In 2018, it increased to 6.3 billion dollars, only in...
Read more

Top 10 Crypto Exchanges to Trade Your Cryptocurrencies in 2020

According to data from coinmarketcap.com, there are over 4,900 cryptocurrencies in existence today. They operate in over 20,000 markets, with over 300 registered cryptocurrency exchanges. With so many platforms available where you can buy and sell digital coins, it's easy to get stuck when choosing the best exchange to begin your cryptocurrency journey. In this piece, I have tried to compile a list of the top 10 exchanges in 2020 based on actual trading volumes, accessibility in different geographical locations, liquidity, market quality, and team/management behind the platform. Without much ado, let’s get started. 1. Binance Launched in July 2017,  Binance  is a crypto exchange based in Malta. The platform has led the rest due to an excellent team behind the exchange, robust security, and support for many cryptocurrencies, stable coins, and tokens. The exchange is one of the few that never inflate its trading volume and is very open when it comes to its ...
Read more