Bitcoin isn't a get rich quick scheme. It's a wealth-building tool.
Bitcoin isn't a get rich quick scheme; it's a don't get poor slowly strategy. My grandfather and most grandparents are full of great stories on how debasement has dramatically reduced their purchasing power. They mention the cost of ice cream for a nickel or a movie ticket for a dime. Today the same product costs around $3, and It's not that ice cream has gotten much better or has become safer to consume. Most people trade their life energy and time for fiat currency, unaware that these dollars are debased daily. Employees spend their working lives maintaining their standard of living in the current system. We store time and life energy in the currency we choose to denominate our lives. Most money is issued and controlled by governments, and no alternative was readily available. Since the US dollar became the world's reserve currency in 1944, it has lost 1400% percent of its value. Inflation is taxation without representation and is only accelerating in a post-pandemic world.
With the invention of Blockchain technologies, the world can transmit and create value on the internet. Blockchains unlock the Internet of Value, allowing anyone to create and incentivize ownership. Blockchains prevent the need for a single government actor to enforce global commerce and trade with an expensive military.
Bitcoin was the first digital cash to require Proof of Work (POW) to mint new coins. The need to use computers, which require maintenance and energy, was unique due to the actual cost associated with minting each coin. This change revolutionized money and dislodged it from being backed by trillion-dollar national oil reserves to being protected by an electric security bubble. Electricity is accessible to anyone and does not discriminate based on age, gender, race, religious beliefs, or political ideologies.
At the age of 13, I discovered what would become my asset of choice. Bitcoin. I started mining digital currencies in my parent's basement over eight years ago by zip-tying multiple $300 graphics cards to milk crates. My milk crate cost as much as some of my friend's cars and was as loud as a money printing Ferrari. As a Bitcoin miner who denominates his net worth in Bitcoin, I decided to move and expand my operation to a dedicated mining facility at an old yarn mill.
My company is now buying stranded wind farms that can not sell energy to the grid and building massive data centers in rural midwest towns. We are transporting thousands of servers from China and across the world to the US. We are ordering 50,000 homes worth of electrical breakers and equipment. We are hiring 100+ people to run and operate these data centers while bringing high-quality IT jobs worldwide.
A tremendous amount of energy backs Bitcoin, and the network is a global buyer of unused and wasted energy on and off the electrical grid. Bitcoin will continue to grow in value because of this energy usage. For money to hold and increase in value, you need to understand the rules governing it. Bitcoin is not another blockchain like Dogecoin or an NFT of a neon cat. Bitcoin has 21 million coins, with new coins generated every day until all 21 Million coins are minted in 2140. Each of us decides if we want to hold value in a currency with a fixed programmatic supply or one manufactured and manipulated by individuals and political pressure.
Electricity has a real-world creation cost and levels the playing field for individuals, companies, and governments to create money and enforce the rules of money. Both a country's GDP and child mortality rate are correlated to a nation's primary energy consumption per capita.
Building wealth starts with changing what you denominate your wealth in. Money no longer is equal to value created, and most of us trade our valuable time for dollars because we believe that those dollars will continue to have value in the future. These dollars will persist in being used for trade in our lifetimes, but they will not have the same purchasing power the day you earned them. The relative value of US Dollars compared to hard assets such as real estate or Bitcoin is constantly degrading. The moment you start feeling worthy, you begin to generate wealth. Self-worth like self-respect and self-esteem all begins with self, as you cant find them in anyone else. They are the fruit of self-discipline and a monetary system that works for you instead of against you. It is hard to generate wealth, making it extremely important to trade your dollars for assets that do not lose value consistently over time. I have set my faith in Bitcoin, backed by the trillions of joules used to secure the network racing to acquire the remaining new Bitcoins.