Bitcoin Starting Point
Bitcoin, as a novel invention, can seem quite complicated. It can seem impossible, it can seem difficult to grasp, but let’s break down how truly simple it is.
When measuring value long-term, every other asset on Planet Earth goes down against bitcoin.
This is the most important feature of bitcoin. If you were to remove everything else, this would be the one feature that is the most important.
There are a multitude of reasons why it goes up, and for those same reasons it will continue to go up. It is programmed to do so. So, do you think that anyone in the US would like to watch their value removed without their blessing? Nope. Conservatives and liberals alike, neither want to see their spending power destroyed. Neither would like to see their savings decimated.
If neither would like to see their value removed from them, what do you think that they will protect? A currency that is, by design, a method of stripping every person who uses it on the planet, or a system designed to increase their value over time?
Now the ramifications of having a global monetary system that can’t support tyrannical societies through theft are another discussion entirely. All that needs to be understood is that every person on Planet Earth will grow in value long-term by saving in bitcoin. Every human being who stores their value in anything else will decline in value.
So fight it, mock it, attack it, whatever you like. In the end, humanity will choose the system that protects them. Bitcoin protects every individual, and all a society is, they are just groups of individuals. As humans we are designed to protect ourselves, our families, and our neighbors, so if you think that over half of the individuals will, for whatever reason, try to stop bitcoin, you are betting against human nature.
Bitcoin doesn’t care if you are a liberal, conservative, teacher, criminal, politician, immigrant, mother or father. It doesn’t care if your summers are in January or July. It doesn’t care if you live in a nation stricken with poverty or live in a wealthy nation. Its only purpose is protecting your savings. So, next time you mock it, understand that it is probably the only thing on the planet that 100% doesn’t care about who you are, yet, as long as you participate in the network by owning sats, spends 100% of its existence making your life better.
So is “number go up” important? Well, if the number never moved off zero or if it went up only to crash and never move past its previous all-time high, then it would be just another failure. It would fail at protecting our purchasing power so it would have zero value. Instead, it protects us all.