@BitcoinYams
-The Sweet Revolution-
Jan 2021
I couldn’t help but notice all the memes on crypto twitter and articles coming out, comparing the rise of Bitcoin to the end of fiat currencies, and nation state manipulation. While victory may seem near my friends, this decade will be the ultimate test for Bitcoin and decentralized networks. Nation states all around the world are ramping up efforts of mass surveillance, enacting laws against p2p (person to person) wallet transactions, and moving the bar of entry higher for common folk and small businesses interested in serving this sacred community.
“First they ignore you, then they laugh at you, then they fight you, then you win.”
-Mahatma Gandhi-
So where are we now?
With a world population of 7.8 billion and growing, and a little more than 100 million bitcoin wallets, it would appear we’re still at the being ignored stage. That’s approx 1.5% of earth’s population, involved in this life changing technology. Let’s look at this from another perspective. Countries are treating this space differently. The US is confused and strict, forcing start ups to innovate outside the US and exclude US citizens from early entry into business opportunities. The UK recently banned crypto derivative platforms. China was the “King of Bans”, until they released their new shiny CBDC (central bank digital currency). Everyone else is terrified of the ever-so-long reaching arms of the US Securities and Exchange Commission (SEC). They don’t care if you’re dealing in cash, coconuts, bananas, or bitcoin, if they want you they get you.
It seems we’ve made it past the “laugh at you” stage. If I had a bitcoin for every corporate know-it-all that dismissed Bitcoin, and is now invested, building a CBDC, or pumping outrageous price targets (JPMorgan Chase went from NEVER to 146,000 price predictions, and buying up a 10% stake in Saylor’s MicroStrategy). We’re seeing professional athletes demand payment in BTC, musicians offering music for BTC, corporate treasurers considering Bitcoin for the balance sheets. CEO’s saying to hell with buying back my stock, how about I buy this debt instead and put it all in BTC. This is the way. We are past the laughing stage, well at least 1.5% of us are. I’m sure the remaining 98.5% will follow, eventually.
WHAT DOES FAANG HAVE TO DO WITH THIS?
The “new” World Government (law makers) or FAANG (Facebook, Amazon, Apple, Netflix, Google) is Bitcoin’s greatest threat. It is NOT the United States Dollar (USD). The USD is defeated, and it didn’t need Bitcoin to defeat it. It’s days were numbered the day we left the gold standard . As long as governments hold the key to the printing press, it is a fiat currencies' destiny to perish. While charts like this showing the decline of the United States Dollar compared to Bitcoin may offer hodlers a feeling of satisfaction, Bitcoin must face the almighty FAANG.
Bitcoin is Freedom. The freedom to preserve future wealth for your family and loved ones. The freedom to transact with fellow man without oversight or jurisdiction. Bitcoin is censorship resistant. It can’t be confiscated on free will. How will it coexist in the world of FAANG? Every entity in the FAANG is guilty of censoring content, and promoting bias agendas. It goes against the very meaning of Bitcoin ideology. During this decade, we’ll see Bitcoin soar past the market caps of the beloved FAANG (insert Microsoft and PayPal) as it competes on a world platform, not only for the security of sound money, but for the greatest decentralized operating system. “Then They Fight You”.
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I am not a financial advisor. This post is not a recommendation to buy or sell any currencies, digital assets, or companies stated in this article. This post is for informative purposes only. I have not been compensated for this post and all opinions stated here are my own.
