On July 4th, Use Bitcoin And Protect Freedom


This is an opinion editorial by Mickey Koss, a West Point graduate with a degree in economics. He spent four years in the Infantry before transitioning to the Finance Corps.

“[P]aper is poverty, that it is the ghost of money, and not money itself.” — Thomas Jefferson

While the Founding Fathers understood the importance of hard and scarce money in the late 1700s, gold’s lack of portability and divisibility ensured that the base money became concentrated in the hands of custodians for convenience and security. The technology simply didn’t exist for anything else. Until now.

Bitcoin is freedom money. Though the Declaration of Independence brought about the slow progress of freedom to the United States, the Bitcoin white paper and subsequent network has the potential to bring freedom to the world. It is a hedge against inflation, irresponsible monetary and fiscal policies alike, but Bitcoin is so much more than that. An often overlooked characteristic of Bitcoin, especially in the Western world, is that Bitcoin is a hedge against tyranny itself.

Bitcoin has the potential to bring about a new age of freedom to the world. A world of cheap and abundant electricity. A world free from coercion, disincentivizing government overreach and violence. The only thing required is a 12-to-24 word seed phrase and a little bit of personal responsibility.

Source link Bitcoin Magazine


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