I hope with my bitcoin advocacy to help people think more long term.
Why do I spend so much time thinking about bitcoin?
Why do I spend so much time trying to get others to understand bitcoin?
I have thought about a lot of other things in my lifetime. I am a mechanical engineer. I like making thing work. I am a philanthropist. I am a humanitarian. I care about making others’ lives better. I have worked at businesses and nonprofits that have helped make the world a better place. I have thought about how to create businesses and nonprofits that make the world a better place.
Through it all, I keep looking for ways to make the world better.
Bitcoin is the best way I have found to make an impact on EVERYTHING! It has become clear to me through all my reading and interacting with people and companies and nonprofits and thinking about issues that at the very base, fiat money is inherently causing a lot of problems in the world.
Fiat money is unfair.
The government causes as many or more issues than it solves by creating inflation through money printing. This is both in the USA and all other countries.
I talked with a friend who was supporting a business in Sri Lanka. The business would dye clothes with natural processes. The point was to help people get a job that otherwise wouldn’t have access to a job. But the Sri Lankan economic crisis happened and the business failed. It made me think about the base infrastructure of all our economies. If the currency fails many businesses fail. A stable currency leads to long term planning and thinking. The fact that all countries have money that is steadily losing value leads to short term thinking. The rush for analysis of quarterly returns for public companies adds to this short term thinking, but steady inflation, caused by government money printing is a major contributor to the short term thinking. I wondered, what is the point of developing businesses if they will fail due to factors outside your control?
That is why I am so passionate about bitcoin. It fixes these short term problems. This is a problem is many countries around the world.
People in many countries can’t save in their local currency because they lose value so fast. In the USA we recently had 1 year of 8% inflation and everyone went crazy!
I fully expect that increased inflation to come back to the USA sometime in the next 10 years, unless we cut the yearly deficit.
Even if it doesn’t come back for a few years, the way the current system is, fiat money, there is always steady inflation (3%-4%) which still incentivises short term thinking.
I hope with my bitcoin advocacy to help people think more long term.
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