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A technological solution to the biggest issues of today's time
“When I first heard these stories, I thought it’s only a few countries. In reality however more than half the people on our planet live under authoritarian regimes and dictatorships.” - Obi Nwosu in borderless bitcoin
In this month's newsletter I will make the case for people to fully understand why we face financial and political oppression and inequality on our planet. Why you should care and how you already are, or how you might be impacted by it in the future.
All content builds upon each other. Please make sure to consume the content in the provided order. The most important sources of this article are the 5 linked videos. The whole article is built around them and I tried keeping the writing to a minimum to keep it accessible. The article is divided in five short sections:
• Political freedom
• Sustainable economic growth
• The bigger picture
• El Salvador and bitcoin as legal tender
• Why bitcoin
• How you can help
So let’s get into it!
Political freedom:
Borderless Bitcoin - Video - Human rights activists sharing their struggle in today’s world.
Another link to show how CBDC’s are already used by countries of today’s world to oppress their citizens:
Picture: Current system vs. bitcoin standard
Carbon Negative Economic Growth:
I am aware of information which is still surrounding bitcoin from its early days and the uninformed arguments against bitcoin mining which are still being shared by media sources who don’t do their homework. The truth however couldn't be any further from reality. Every technology ever created uses energy. Also Bitcoin. You have to look at the nuances to validate what impact this might have on the environment. The media comes up with new narratives to attack this new powerful technology regularly. One of them is bitcoin being bad for the environment. This used to be correct in the early days but in today’s world this is false. Bitcoin miners are portable machines which can create a consumer where there is little to no infrastructure. Those properties can and are already being used to prevent pollution which happens due to no previous available economic incentive or possibility to capture those polluting energies instead of admitting them into the atmosphere. Additionally bitcoin mining is increasingly becoming more expensive due to the bitcoin halving which halves mining rewards every four years.
Twitter - Link , Bitcoinflation.org - Link , en.bitcoin.it/wiki/Controlled_supply
This means that it is simply unprofitable to mine bitcoin using the publicly available energy grid. The following video explains this in great detail.
Bitcoin can make us carbon negative by 2030 - Video
The Bigger Picture:
The next two videos communicate more or less the same message. Although they are both unique sources of information and present their message from two complete different angles, they are both worth watching and you might just choose one of them.
How our current financial system has failed humanity and how bitcoin can help solve it - Video
A graph in addition to the last video showing the state of today’s bond market compared to its historical performance:
The World's first country to adopt bitcoin as legal tender:
Escaping financial oppression by developed countries and pursuing financial freedom.
Why El Salvador Made Bitcoin Legal Tender with President Nayib Bukele - Video
Madeira, probably the next county to embrace Bitcoin:
https://youtu.be/aBKI5CaqeJ0
Why Bitcoin and not other layer 1 proof of stake altcoins?
If you are new to the cryptocurrency industry today you might come to see that there is already a lot of alternative layer 1 proof of stake blockchains. Bitcoin however doesn’t have any competition. It is the only notable proof of work blockchain and has unique properties. Watch the following video to understand this in greater detail.
The Illusion of power - Proof of work vs. Proof of Stake - Video
The bitcoin whitepaper:
Borderless
Trustless
Censorship resistance
Inflationary nature protected by code
Proof of work:
Bringing energy abundance to the whole world / Incentivising local sustainable economic growth / Preventing energy theft from developed countries / Funding the renewable energy transition / Incentivising conversion of polluting energy sources by providing economic inventiveBitcoin halving:
Making wasteful use of bitcoin mining unprofitable and therefore ensuring carbon negative economic growth.
Central Bank Digital Currencies (CBDC’s):
Government websites developing CBDC’s:
(Most countries in the world are in the process of developing cbdc’s)
Canada, USA, Australia, UK, Euro, India (clockworks.co), China (IMF.org)
The danger of allowing such power, and time-relevant sources to highlight this real threat to freedom and human rights:
India Times: Digital Yuan to come with an expiry date. Spend or it will vanish. - Link
Paypal implements a financial fine for spreading “misinformation”.
How you can help:
• spreading awareness (share this newsletter, thank you!!)
• stimulating growth of the bitcoin lightning network in your local environment
• use non kyc self custody bitcoin wallets/exchanges (preventing them to cease your bitcoin through enforcement by regulation like they did when the world went off the gold standard)
• run your own full node https://bitcoinmagazine.com/culture/six-reasons-you-should-run-bitcoin-node
• connect with your countries community via www.twitter.com
• connect to / or start a local community or meetup via www.twitter.com
• believe in yourself and positive change. Only when public consciousness shifts its beliefs towards possible positive change it will become a reality.
And lastly a little gimmick which I signed up to receiving once they start production. Thought you might like it too.
Thank you for reading this months newsletter.
Get in touch,
Stefan Koenen