Written by Dani Noriega
“Were not the criminals here, the whole damn reason this ecosystem exists is cause they’re the criminals” -Charles Hoskinson, CEO of IOHK
Better words cannot describe why Bitcoin exists and why it will succeed. If the current value system of the world was not rigged, broken, or extremely miscalibrated, there would not be a need for an alternative. The entire human history of value transactions can be looked upon as proof that fiat systems have not worked in the past and will not work in the future. Its unfortunate people have such short memories.
As clear as this may seem when inspecting the world’s financial history, it is understandable that this revolution will take time. The majority of people I meet today are aware of what Bitcoin is and most are quick to point out they are investors but I find very few of them are able to respond when questioned as to why we need it. “Its decentralized”, “Its electronic”, “Its peer to peer”, “Its anonymous”, “There’s only 21 million” are typical replies and together they are almost correct in answering the question. The truth is, Bitcoin takes the power away from those with the ability to cripple your life. Central banks can print money and inflate currencies whenever they choose to do so and that can diminish the value of the currency its citizens are holding. You don’t have to look too far for examples today with Zimbabwe and Venezuela fighting current hyperinflation and this past century has seen over 50 countries experience this. I implore you to speak to anyone you meet who has experienced this, when you hear their personal stories or that of their families you will begin to understand the truth of your reality. You put your faith and wealth in the hands of a small centralized organization who constantly depreciates the value of your wealth.
The price of Bitcoin today is still considered very unstable by most and I am not here to disagree. These are the early days still and if the dot com bubble in the late 1990s proved anything its that emerging movements behave in this manner. Personally, I prefer to focus on the reason Bitcoin exists, the philosophy behind it and spread that message to anyone I can. Once the world realizes the truth of the financial system we are entangled in currently and the alternative we have, the winner will be clear to everyone.