Bitesize Media
🚀 Ushering in the Age of Understanding
For me, Bitcoin brought context to those old wartime stories I heard as a boy. It led me to the understanding that property rights are simply a derivative of human rights. Now, for the first time in history, we have a borderless technology that secures these rights not in international declarations or national constitutions – both susceptible to the stroke of a tyrant’s pen – but in executable code.
Printing and introducing new currency comes at the expense of one of money's three fundamental properties: being a store of value. By increasing the amount of currency in circulation, the currency’s value becomes debased over time. More money chasing the same amount of goods and services. Based on the current supply, every $1 from 1971 would only hold the same value as $0.13 in 2024. Alternatively, it would cost $7.77 in 2024 to purchase the same value as $1 from 1971.
By increasing the monetary supply, the government created a manufactured shortage of everything else, driving prices up over time. An unbounded and unlimited amount of money began entering the system, chasing a finite amount of resources. The long-term effects are evident when you begin to look at the median house prices since 1971. Real Estate has become an investment rather than an essential utility because it operates at a better store of value than holding a constantly debasing currency in a savings account.
By increasing the monetary supply, the government created a manufactured shortage of everything else, driving prices up over time. An unbounded and unlimited amount of money began entering the system, chasing a finite amount of resources. The long-term effects are evident when you begin to look at the median house prices since 1971. Real Estate has become an investment rather than an essential utility because it operates at a better store of value than holding a constantly debasing currency in a savings account.
By increasing the monetary supply, the government created a manufactured shortage of everything else, driving prices up over time. An unbounded and unlimited amount of money began entering the system, chasing a finite amount of resources. The long-term effects are evident when you begin to look at the median house prices since 1971. Real Estate has become an investment rather than an essential utility because it operates at a better store of value than holding a constantly debasing currency in a savings account.