Bitcoin means many things to different people. I want to tell you what Bitcoin means to me. To me Bitcoin is self-defense.
Bitcoin protects you from inflation
It’s been invented/discovered by Satoshi as a response to inflation caused by fiat money, that all governments print in excess. Bitcoin solves a problem of inflation. Bitcoin protects you from inflation.
Bitcoin protects you from banks
Bitcoin is hard money secured by a vast computer network. Bitcoin never sleeps. It does not close on weekends, like the banks. Bitcoin is peer-to-peer. So you pay/receive Bitcoin directly to/from another person. Bitcoin protects you from predatory banks, with their control over your money.
Bitcoin is a lifeboat.
Bitcoiners about Bitcoin being a protection from a corrupted fiat system
Bitcoin protects you from fiat devaluation
Bitcoin is the only thing you can truly own, and nobody and nothing can take it from you. Bitcoin is meant to be kept in self-custody using a hard wallet, so you, and nobody else, controls it. Bitcoin is the best way to save money long term, because it does not decrease in value. Yes, it’s fiat price fluctuates. But long term it’s fiat price has been always going up. You protect yourself from devaluation of fiat.
Bitcoin protects you from thieves
Fiat or gold, used for centuries as a store of value are prone to theft. Bitcoin is the best store of value. Better than gold. Nobody can steal it from you, if you hold your own keys/passphrase to your hard wallet.
Summary
When I buy Bitcoin, i replace dirty fiat money with the hardest, incorruptible money known to man, Bitcoin. Why do I buy Bitcoin? Because fiat is an inflationary scam. And Bitcoin is the best self-defense against fiat.
PS: I update this post frequently, as I learn more about Bitcoin.
Stack sats, do push-ups.
by Push