At Giveabit, we are convinced that Bitcoin represents a groundbreaking solution to some of the world’s most pressing challenges. In an era marked by flawed monetary policies and widespread financial instability, the time has come for a transformative disruption. Prepare to embrace the immense potential of Bitcoin.
For the first time in history, a universal protocol has emerged that empowers individuals worldwide to develop innovative solutions addressing social issues and counteracting the socioeconomic disparities that plague our society. At Giveabit, we are harnessing this extraordinary power to confront the most critical societal divisions, which centralized, dysfunctional, and corrupt organizations have failed to resolve.
The elegance of Bitcoin lies in its simplicity and universality. It is a common language that transcends borders, enabling anyone, anywhere, to tackle real-world problems head-on.
Envision a world where everyone has access to a secure, decentralized, and global currency. A world where financial freedom is not a privilege reserved for the affluent, but a right enjoyed by all. Where the performance of your money is no longer dictated by the opinions, greed, fraud, or corruption of others.
The opportunities are truly boundless. With Bitcoin, we now have the power to provide financial assistance to those in need, support small businesses in developing nations, and fund innovative solutions to social challenges without seeking permission from third parties. We can engage in philanthropy on a global scale, leveraging this revolutionary technology to shape the future we desire.
We are thrilled to be at the vanguard of this exciting movement, driving socioeconomic change and making a tangible difference in people’s lives. The moment to act is now.
And this is just the beginning. As we continue to explore the vast potential of Bitcoin and its impact on society, we firmly believe that the possibilities are overwhelmingly positive and abundant.
If you are driven by the desire to make a positive impact on the world, we invite you to join us on this transformative journey. By becoming a part of the Giveabit community, you will stand alongside a group of passionate change-makers dedicated to building a brighter future for all. This is a pivotal moment in history, and we are excited to be at the forefront of this peaceful revolution.
If I were to introduce someone to BITCOIN for the first time, I’d probably give them Satoshi’s explanation initially: that BITCOIN “is a peer-to-peer version of electronic cash which would allow online payments to be sent from one party to another without going through a financial institution.”
But let’s expand on this a bit…got a few minutes? What is BITCOIN? BITCOIN is three things: a revolutionary new form of money, a digital monetary network and a digital asset. It brings together ideas from many disciplines including economics, finance, law, politics, computer science and philosophy. There’s never been anything like it in history. Akin to the invention of the steam engine, or the seed drill, or even the wheel…as important to mankind as the discovery of fire (and no, I don’t think that’s going too far!). Without question, BITCOIN is the most important financial technology ever created. Why?
Let’s begin to answer this with a quote from Aleks Svetski: “If we’re to move into a future society where unfair asymmetries are made difficult, and where the labour we transform into some unit of value that’s able to be stored or exchanged and that’s impossible (or at least impractically hard) to manipulate or undermine, then we need to take BITCOIN a whole lot more seriously.”
BITCOIN enables a complete shift in the way we transact and store value. Anyone on the network can securely save money, make nearly instant payments and transfer value, permissionless, anywhere in the world and at the speed of light. BITCOIN does all this without the need for any third-party intermediaries. Though long thought technically impossible, BITCOIN’s peer-to-peer network eliminates the need for banks, payment processors, money agents and similar financial middlemen. Unlike traditional financial institutions, BITCOIN has a high level of privacy and users have total control over their funds. Payments cannot be censored and tracing them to a specific individual can be complex or even impossible. Money on the network can’t be seized, frozen (Hi Justin!) or debased by an inflation of the supply (unlike FIAT’s endless issuance). BITCOIN is beyond the reach of companies, banks and governments. BITCOIN has no central authority. It’s de-centralized. Spread across tens of thousands of computers (called Nodes) all over the globe. BITCOIN is not a company or a platform – it’s a protocol. No single person, entity or country can control, manipulate or influence the network’s operations. Monetary value is stored on the network via a BLOCKCHAIN – an open public ledger that anyone can download and run on their computer enabling users to see every transaction on the network, all the way back to the GENESIS BLOCK operating much the same way a bank ledger does. Being a closed ledger, customers must trust the bank to ensure the accuracy and honesty of said ledger whereas with BITCOIN, the ledger is available to anyone who wants to see it (Don’t Trust, Verify!). Value is stored on the network and seamlessly moved between people all over the world every day and ownership and transaction records are kept with flawless integrity.
To conclude this (admittedly limited) introduction to BITCOIN let’s look at three over-arching reasons as to WHY BITCOIN MATTERS:
IT’S A HARD MONEY
IT’S A STABLE, SECURE AND SCALABLE NETWORK
IT HAS THE BEST CHANCE OF SUCCESS
HARD MONEY – as mentioned earlier, BITCOIN is a monetary phenomenon. These phenomena only come around once every epoch. There are multiple reasons why you’d want to take note of a hard money.
- DIS-INFLATIONARY- It will not lose value/purchasing power. You can give it to your children and your children’s children. Other than gold, there is no monetary medium that can give you this, but with BITCOIN there’s a greater guarantee of scarcity.
- HEDGE AGAINST INFLATION – or corruption, stupidity, malevolence or incompetence. Whether you think the world is run by the Illuminati, or complete buffoons, or somewhere in between; chance are mistakes will happen (i.e. 2008 financial crisis), and holding a hedge is a very, very intelligent idea.
- SELF-SOVEREIGN UNIT- this one isn’t appreciated nearly enough by non-bitcoiners. There is no monetary on earth that is yours and ONLY YOURS when you hold the key to it. It’s unconfiscatable (hello again Justin!). People underestimate how powerful a concept like this is; until of course they lose access to their money somehow or are censored.
- TRUE SCARCITY- BITCOIN is the only resource, other than time, that’s truly scarce. This alone makes it an extremely intelligent asset to hold. It is written into the protocol that there will only ever be 21 million BITCOIN minted.
A STABLE, SECURE FINANCIAL NETWORK- if we’re going to build a robust global financial system, it should be built on something secure, stable, game-theoretically sound and digitally native. You wouldn’t build cars to run on horsetracks and neither should you build the next generation of human co-operation (i.e. money, finance, and capital) on old infrastructure with a digital re-skin.
BITCOIN HAS THE BEST CHANCE AT SUCCESS- If we’re going to have a chance at creating a more open society, that resists censorship and the attempts by the state (or the bureaucrats that run them) to centrally govern society via “theoretic” models that don’t work in practice, then BITCOIN MATTERS.
To me, BITCOIN has already won, we just can’t see it yet. Similar to the internet in the 90’s. Still, I believe we should save our other precious resource, TIME, to focus on what matters… BITCOIN.
BITCOIN matters because it’s the new monetary operating system. BITCOIN matters because it’s the operating system of the fair, robust form of capitalism that we all yearn for. That can drive humanity forward. BITCOIN matters because it’s the zeitgeist of our time. It matters because it’s probably the biggest opportunity of our lives.
So… maybe consider buying some BITCOIN. Maybe start taking everything the mainstream/corporate media says with a grain of salt (DON’T TRUST, VERIFY!). Support the industry… work in it if you can, and above all HODL HARD BROTHERS AND SISTERS! WE ARE ALL SATOSHI! Thank you for your time. Love you.
-R.
Lightning (LN)
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