reason #11
BITCOIN is a more relevant future
Artificial intelligence, big data, blockchain technology, genome sequencing. These are buzzwords of the future. We read about people doing all this great work in the technology frontiers that will change the world. These exceptionally talented people wake up every morning with a sense of drive and purpose. It is easy for mere mortals to see all this and feel anxious. What will my role be in this shiny new world if my skills are not compatible? Will I still be relevant or will I become a victim of this cruel new world to which I will not be able to adapt?
Bitcoin is the future of money. The giants before us have done all the heavy lifting. They designed the code and the next wave of geniuses built and stress-tested the network. Bad actors have thrown bugs at the network, tried to hack the blockchain, and tried to copy the protocol and they have all come up short. We are experiencing a Facebook moment with a big twist. When Mark Zuckerberg launched Facebook he invited the world to open an account for free. Who got rich in the process? The users or the owners? Bitcoin is the same and also very different. Its value is a product of its network adoption- in the same way as Facebook. The difference is that there are no owners. Satoshi mined over one million Bitcoin and then walked away. He did not seek the limelight and he walked away from billions of dollars because he did not want to create another Facebook - he wanted to create a truly decentralized peer-to-peer payments system that the users could use and could benefit in the prosperity of it.
If you feel anxious that the world is leaving you behind and you are in a desperate search for relevance, Bitcoin is the answer to your prayers.
Yuva Noah Harari, a renowned historian, and futurist says that what makes humans unique is the way in which we arrange our existence around stories and narratives. We are motivated to act kindly to our neighbours in the hope we will be rewarded after death with a place in heaven (if you buy the Christianity narrative). Try telling a chimp they will go to hell if they co tongue to steal their neighbour's bananas. The communist/capitalist narrative was one of exploitation. The desire to be duly rewarded for the hard work done. He believes the narrative of the 21st century will be one of relevance and will make us nostalgic for the decades of exploitation. The modern world of technology, robotics, and artificial intelligence is going to destroy many jobs, and this is going to throw many people into a new crisis - one of relevance. If you dig down into the reality of indifference, you would far rather be exploited than ignored. The opposite of love is not hate - it is indifference.
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If you were not convinced about your future relevance, consider ChatGPT. ChatGPT (Chat Generative Pre-trained Transformer) is a chatbot launched by OpenAI in November 2022. It is built on top of OpenAI's GPT-3 family of large language models, and is fine-tuned (an approach to transfer learning) with both supervised and reinforcement learning techniques. ChatGPT was launched as a prototype on November 30, 2022, and quickly garnered attention for its detailed responses and articulate answers across many domains of knowledge. Even though this is only a prototype, its strength and versatility are crazy. It can write code, blogs, responses to emails, books, and instruction guides (to name a small handful). In addition to other AI tools, it can create videos. It can quickly put programmers, copywriters, customer support, journalist, and authors out of work. Investing in Bitcoin allows you to participate in revolutionary financial technology. It is like investing early in companies like Googe, Facebook, and Amazon - companies that have changed the world forever.
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In Ayn Rand's "Atlas Shrugged", the theme of the book is that the system is rigged and overregulated and you can work as hard as you can but you will never get anywhere. The solution, therefore, is to go on strike and withdraw from the economy and join John Galt who serves as a highly individualist counterpoint to the collectivist social and economic structure depicted in the novel. Satoshi is like John Galt but a better engineer. John's solution was because it was rigged you should go and find a new solution. Satoshi's solution was the following: you live your life working and being paid in a currency that is consistently being debased, and even after a lifetime of dedication they can still attach what you have - they can attach the assets in your bank account and all the work you have done has been for naught. Once you realize that, there is no point in playing a game that is rigged. On the other hand, going on strike and waging a full frontal attack on the game that is rigged is doing nothing more than making you a martyr. There are lots of things we disagree with in this world, but you need to have the humility to know that you cannot change the majority of these things through a full-frontal attack. Satoshi gave us a place where we could win, and the strategy is to withdraw our economic energy from the currency that is rigged and move it into a currency that is to our benefit. It also turns out that not only is Bitcoin not an inflationary currency, but it is also a deflationary currency which is vital and getting stronger. When you work as hard as you can and sacrifice everything you have to support a weak currency that is collapsing, you are simply serving the regime. You are surrendering your hope and future. When you put it into a deflationary currency that gets stronger as more people join, not only do you stop feeding the corrupt system, but you begin to strengthen the virtuous system. Bitcoin gets stronger as more people join. It also gets stronger as you put more creativity and innovation into it. Everyone that builds something on top of the Bitcoin network makes it stronger. Every communicator that educates on the virtues of Bitcoin makes it stronger. Every time you create something of beauty that is communicative and widens the network further strengthens the foundation of this network. Regulators making positive rules of Bitcoin are helping to strengthen the network. It is only going to get stronger, smarter, and faster over time. You also know there will never be more than 21 million, and you know that over time there will be less than 21 million. The really amazing thing about Bitcoin is not only is it decentralized money, not only giving sovereignty to people in the management of their money, but it has also decentralized charity and virtue. If you put all your money on a boat and it was Bitcoin, and it sunk and you died with your private keys, you have just made a contribution to the private network. If you want to do good for civilization, you don't have to give it to a charity of dogooders like Greenpeace or the Gates Foundation. You don't need to put up with virtue signallers who tell you you are not a good person unless you give your money away. The truth is you can self custody your money and on your death bed gift it to any good cause. And even if you die with the private keys in your head, you are gifting your assets to the network and everyone who got you there.....how cool is that?
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