My Orange Pill moment was this statement right here made by Andreas M. Antonopoulos in 2018 that I didn't read until late 2020 early 2021. It took me awhile to grasp what it meant as I played in the shitcoin casino with free government money in the form of those stimulus checks. All of it is in bitcoin now except the hit I took on the #amc debacle, being a new investor I was caught up in the #moass hype. My $2700 investment in #amc is worth only $90 today. I currently use it to offset capital gains on other stocks I'm exiting into bitcoin. Then I stumbled upon this following statement and I was intrigued and the rabbit holes followed. I worked my way thru "The saylor series" then read both #fiatstandard and #bitcoinstandard and began to understand how corrupt and manipulated the world around us is. The following statement changed my world view. Enjoy!
"You buy #Bitcoin at the price you deserve."
Right now, most people don't care about Bitcoin.
They think it's useless, it has no utility, and it needs to be regulated by governments to work.
They think Bitcoin is a fiat currency like all other currencies.
They don't realize that Bitcoin is "market money" - money decided by the market based on it being:
• Portable: Easily moved from place to place
• Salable: Easily exchanged for other goods and services
• Divisible: Easy to use in transactions of different sizes
• Durable: It cannot be destroyed
• Scarce: More of it cannot be easily created
• Fungible: One unit has the same value as any other
Bitcoin is the ultimate form of scarcity. Nobody can create more BTC. There will never be more than 21 million BTC. Each BTC can be split into 100 million units called Satoshis (1 Satoshi = 0.00000001 BTC).
We are so early in Bitcoin's adoption, that you can still exchange pieces of paper ($, €, £, etc.) for BTC because most of the world thinks fiat currencies are backed by something tangible.
Today, if you're earning $20/hour, your income can be exchanged for 0.00031500 BTC (31,500 Satoshis).
Eventually, you'll get a lot less BTC for your labor because the value of BTC will be so much higher than it is now (supply down, demand up, price automatically increases).
With time, small actions by users of the network have a compounding effect. Every new participant in the network adds exponentially more value to the network than the last.
Buying and securing BTC increases the value of BTC because it decreases the circulating supply and increases the market value of the network.
Hyperbitcoinization (a situation where BTC transactions are a part of our daily lives) will happen after producers of raw materials like oil and food stop accepting fiat currencies (paper money) for their goods.
Why will they do this?
Fiat currencies are money by decree. Use is enforced by governments. Governments retain the power to create or destroy fiat currencies whenever they want.
All of this means that fiat currencies can be printed at will. When more units of a fiat currency are printed, all existing units of that currency lose value.
Goods cannot be printed at will. They take time and energy to produce.
Accepting fiat currencies for raw materials means producers are giving away something of value and getting back a piece of paper backed by trust.
Hyperbitcoinization will mean that you won't be able to buy BTC anymore. BTC will be money, meaning EVERYTHING will be priced in BTC.
The only way to get BTC will be to exchange something valuable for it, whether that's a good or a service.
Most people will ignore Bitcoin until after hyperbitcoinization has already taken place.
Ignorance will cost them a lot of their time and energy!
#Orangepill #mymoment #grownostr #fiat #corruption