Prosperity begins with freedom. Individuals and companies must be free to create, issue, custody, transfer, and use digital assets. Protect privacy. Encourage competition. Let people build wealth.
What is BITCOIN backed by? Bitcoin is backed by a lot of things, but I’ll highlight just four:
MATH: Bitcoin is backed by math. And math can’t be changed just because some politicians or bureaucrats or members of the Federal Reserve want to change it.
CRYPTOGRAPHY: Bitcoin is backed by cryptography, the same encryption that is used to secure your bank accounts and everything else in the world that is worth securing.
COMPUTING POWER: Bitcoin is backed by the most powerful computer network that humans have ever built, and that network is spread all over the world, and run in a decentralized way by millions of people.
HUNDREDS OF MILLIONS OF PEOPLE: Bitcoin is backed by hundreds of millions of people who hold bitcoin today, and bitcoin will eventually be backed by billions of people in the future. In order to change any of the fundamentals of bitcoin, such as increasing the number of bitcoin that will ever exist to some number beyond the hard cap of 21 million, you would need to get all of those people to agree to that change, and no significant number of people are going to agree to increase the number of bitcoin, because doing so automatically decreases the value of the bitcoin that they currently hold. All in all, bitcoin is an ingenious system that is backed by math, cryptography, a massive network of computing power, hundreds of millions of people, and so much more. It is truly amazing that something so incredible and so worldwide has grown to this size and scale in just 18 years. Other technologies that are now universal took much longer to reach even this early stage of adoption, and bitcoin is just getting started!
INSTEAD OF WATCHING AN HOUR OF NETFLIX TONIGHT.
This 20 minute lecture by Andreas Antonopoulos will teach you more about the financial surveillance complex and KYC risks, than most people learn in years.
Bookmark it and share it, no matter what.
Once a month, fiatcoiners need to guess what number Kevin Warsh picks, and that guess may matter more to their well-being than everything else they do.
Fiat money is a silly game of bingo where the only winning move is to not play.
Join the 21st century
BITCOIN, NOT BINGO!