JimmyGT on Nostr: “Bitcoin has no use case” is a narrative I’ve been hearing a lot lately in the ...

“Bitcoin has no use case” is a narrative I’ve been hearing a lot lately in the legacy media, from talking heads who are most likely controlled by the banks. This position could only come from a place of extreme financial privilege. There are billions of unbanked people around the world with no access to the global financial markets, and thus no way to efficiently store the fruits of their labor. They cannot access the stock markets or real estate markets. Billions more may have some access, but are forced to use their own national fiat currencies, which may be inflating or hyperinflating in which case their savings are being devalued at an ever-increasing rate. This is caused by their governments, which are incessantly forced to increase the money supply in order to prop up their fiat currency Ponzi schemes that steal the wealth from their populations.

Bitcoin is a liferaft to these people. It is available to everyone, and provides property rights to an unconfiscatable and ever-appreciating monetary asset. It allows them to store their and their family’s life energy in something that cannot be debased or stolen by their governments. This is the true use case for Bitcoin: to bring freedom and hope back to the hopeless and repressed. The wheels are quickly coming off the fiat Ponzi schemes around the world, and hyperinflation is the fate of all of them, including the US dollar. Even the people who currently enjoy the most financial privilege will need to get on the liferaft eventually, or go down with the ship. Wall Street is already getting on board. The Bitcoin use-case is inevitably going to extend to everyone, eventually.