Bitcoin may be one of the most important inventions ever.

If you believe in the fundamental principle of sound money and you are intellectually curious and honest with the state of the world, I believe you will come to see bitcoin is an emerging form of sound money. Money does not have to be tangible; all money is really just a ledger. Bitcoin is an immutable digital ledger that performs all the rolls of money, and at the next reward halving its stock to flow ratio will make it the soundest money on the planet . The soundest form of money always wins. Gold demonetized silver, and the countries that remained on the silver standard (India and China) suffered mightily in monetary terms. Bitcoin is a paradigm shift at the base layer of money, the entire system might change, so take the time to understand crypto. It represents the biggest asymmetric trade bet in history. Bitcoin represents two things, a store of value like gold in digital form and a technological innovation that will someday rival the printing press. Bitcoin may be one of the most important inventions ever. As a store of value. because it only has 21 million coins unlike gold that could double if a miner ‘strikes gold’, Bitcoin does not increase with higher Bitcoin prices, supply cannot adjust to meet increased demand or higher prices. You can move a billion dollars around the world in ten minutes and it will cost you pennies; nothing like this has ever been present before this technology. Bitcoin takes money out of the hands of government and its cryptology makes individuals self-sovereign. Bitcoin provides an audit function, compared to gold, where we don't even know if we have the gold in Fort Knox, since it hasn't been audited. Governments have found a workaround with their money, with their paper and bonds and fractional reserves, they have managed to suppress the gold price to a fraction of what it should be, controlled by central banks controlled by governments - when the state fails it fails. Bitcoin reminds me an awful lot of the internet, as other technologies, like cars and broadband mobile phones, took years for full acceptance. Bitcoin is truly an existential threat to fiat. BlackRock owns it, JP Morgan, Fidelity, Goldman are all developing bitcoin groups. Gary Gensler, chairman of the SEC, is a fan, he just wants to regulate it. The horse is out of the barn. It is too late for the government to kill it they will just provide regulations giving safe cover to institutions to buy it. They also just approved an ETF. A portfolio should include both gold and bitcoin, we're all on the same team team; anti-fiat. Gold holders should be rooting for bitcoin and bitcoin holders should be rooting for gold, we all want to end state controlled money. The world will return to sound money. Sound money is the most important contested moral issue of our time. Fiat money leads to poverty economic equality social upheaval war and death. We can now vote with our wallets. -Lawrence Lepard, Full Speech submitted by /u/Jxntb733 [link] [comments]