Bitcoin as the Solution – That’ll Fuck Em

Covid was such a dark time for me. I have heard it said just because you are paranoid doesn’t mean you are wrong. Thank God I was paranoid or I wouldn’t be so healthy due to my high grass fed beef diet and I wouldn’t own so much Bitcoin. I imagined these Mr Burns like characters, with their spindly frames and blotchy skin, in their European mansions, sitting in front of an open fire rubbing their arthritic claws together in satisfaction of their evil plans of world domination and genocide, poisoning most of the world with their fake vaccine.

I just couldn’t believe it. I couldn’t get that image out of my head, that people were evil enough to go so far for power. I imagined all my family and friends that had been stupid enough to get injected to be dead within 6-12 months. But in the darkness I found hope. I started researching Bitcoin. I had first bought Bitcoin for $1000 to buy LSD on the darkweb. Then when I had some spare capital in 2021 I bought a range of cryptocurrencies and typically started trading them. I was soon to learn this was nothing but gambling. I got wiped out by leveraged positions during the Terra Luna meltdown and lost about 15 thousand AUD. I figured if I learnt from it, it was a cheap lesson.

I started to research the topic in earnest instead of spending my time gambling on price. The voices on the internet that seemed to have done the most research and made the most sense were in unanimous agreement that everything other than Bitcoin and stable coins were a ponzi scheme and were going to zero.

At first this was shocking and I was sceptical, but as I went down the Bitcoin rabbit hole I became more and more convinced. The other thing that convinced me was anyone that actually did the work, which was over 100 hours research and closer to 1000, came to the same conclusion. That Bitcoin was perfect money, could not be stopped, and was going to swallow the whole financial system like a black hole.

Everything was going to be demonetized against Bitcoin. Bitcoin was the best store of value so that every other asset in the world was going to be reduced to its utility value only. You would still wear gold because it was a tough metal and looked nice, but the premium it held as a store of value would be gone. People would still need homes, but they would eventually cease to be used as a savings account for net worth.

I realised how much net worth I had in my warehouse so put in on the market immediately. I sold it with a lease to my company so I had full use of it for up to the next 6 years if I wanted – I thought I was a bit of a genius, or an idiot, depending on how the economy went. But more importantly I had made one step further in extricating myself, and more specifically my capital from the country I called home. The country that I was coming to believe was not a country, at least in the sense that I had believed it in the past.

After paying off what remained of the bank loan I ended up with about 500K in the bank. It presented me with the real challenge of how to allocate that capital. Bitcoin was a risky and volatile asset, but as I researched the history of money it became apparent that over a long enough time horizon all assets were risky. If you had wanted to preserve your families wealth 150 years ago until today there were very few places where it would still be safe. Most governments had collapsed and/or confiscated their citizens assets.

I had lived in peacetime with financial stability, but historically that never lasted and given the corruption and overspending by those currently in power I didn’t have confidence of it lasting even until the end of the decade. Was the least risky thing I could do is put all my assets into Bitcoin? If I believed the West was falling and Covid was only act one of the crimes the inbred elite were going to commit on their citizens – as was always the case with falling civilisations, then any counter-party risk I had; banks, stock exchanges, private vaults, etc, was a much greater risk than was priced in.

I studied more and learnt about the devastating effects of fiat currency. I was shocked to discover fiat caused all the wars of the last century and that the bad guys weren’t Germany and Japan as I had been taught, but the bankers that financed both sides of these wars for profit. It was shocking to discover that World War One could have been avoided and left as a European scuffle had the Bank of England not printed the money to buy the war bonds that financed their involvement. Documents were discovered in the BOE archives only a couple years ago blowing open the whole scam. But as always. Yes, they shouldn’t have done that 100 years ago. That could never happen now.

WW2 was only caused by WW1. So not only weren’t wars of the last century ever real, just made up to make profit, nothing seemed to be real. The theft of peoples economic energy – that which they tried to store from their labour was inflated away by governments having control of the money. The only reason it was mostly hidden was human ingenuity and the advances in technology making manufactured products cheaper to produce and inflation resistant. Products should have been getting dramatically cheaper rather than not inflating too much.

Fiat had corrupted the human race by making theft (money printing) endemic. Thou shalt not steal. This was the results. A falling world. And Bitcoin could fix it. With a money separated from state that was 100X harder to confiscate than anything before it and had a fixed supply, the human race would have to focus their labour on adding value rather than manipulating the money printing industrial complex to steal from the middle and lower class.

My mind was blown. The degradation and corruption I saw all around me could be attributed to fiat currency. Health care making people sick was profitable because governments could print money to pay to treat them putting the burden on the tax base. The education system was funded by the  same complex creating a ridiculous situation where all conclusions were more government funding (money printing) and hence control. Dissenting views were at best not funded and at worst victimised with contempt prior to investigation.

The whole clean energy sector was a game of getting more government funding and had nothing to do with tackling the meaningless term climate change – that had been rebranded from “global warming” since the earth was actually getting cooler. The war against eating animal products, especially beef was because it was harder to industrialise beef and butter and therefore they had a high marginal cost; whereas vegetable products could achieve better economies of scale from mass production, and therefore hid inflation.

The cholesterol scare was all bullshit. The western world had gone from a healthy animal fats diet to an obesity epidemic because it was profitable. I was a bit paranoid during this period, but I reminded myself that doesn’t mean I am wrong. I was doing yoga (yes, I had fallen of the weed wagon and was vaping a Sativa) and this overwhelming anxiety came over that they were poisoning me.

They were poisoning everyone else with injections, why wouldn’t they be compromising the food supply. I pushed myself into down face dog until my neck cracked and then moved into cobra. Tears welling. They are fucking poisoning me. I had aches and pains all over me that I couldn’t explain. I moved into child pose and breathed out my pain, my fear, my sense of betrayal.

I saw a vision of grass fed beef. I had heard that was harder to contaminate and I could buy direct from organic farms. I finished yoga and bought 7kg online. Not only was it delicious cooked with nothing but salt and fresh chilis, but within a week I felt better than ever, all my aches and pains were gone. A 250gm grass fed steak most days of the week was pretty much all the nutrition I needed. As long as I didn’t have too many calories for the rest of the day my diet was sorted.

I don’t know if they were poisoning me or even who this “they” is, but I am sure glad I had a paranoid episode that made me think so momentarily. I have kept that up until now, with only a few breaks where I felt shit after a couple weeks, then back on the steak and feeling good within a couple days. This is only anecdotal, but it seems to be only be grass fed as well. When I have tried grain fed I haven’t received the same benefits.

Does Bitcoin really solve all these problems? Maybe not, but I could see a finite money supply, not controlled by any organisation, that was incredibly hard to confiscate, propel us into a new era of unprecedented growth. Not only economic growth, but spiritual and emotional growth. Instead of spending on credit and paying back what you owed, people would save for things they wanted. On a societal level this could re-wire peoples psychology to delay gratification in all areas from drug abuse, sexual promiscuity, diet, to even crappy tattoos.

I imagined a money with a fixed supply causing a deflationary economy where every year the price of goods became a few percent cheaper instead of a few percent more expensive. Instead of getting a mortgage to buy a house and paying it off over 20 years, you live with your parents and save for only 10 years. The Bitcoin saved 10 years ago has a lot more purchasing power in a deflationary environment. Furthermore housing would lose its monetary premium since you put that “money” into Bitcoin so houses would be cheaper. You might be able to afford a house in only 7 years of saving. If this was part of the culture you would start saving in primary school and the majority of people would own their own home in their early twenties.

While I knew the best thing to do was put all my money in Bitcoin I didn’t want the negative feelings of the price crashing – even if only temporarily.  Also, while nothing is a certainty and while I gave Bitcoin a 99% chance of being a million dollars within 10 years what if it did fail? Or succeeded, but took 20 or 30 years. The odds were low, but I wanted to hedge against Bitcoin failing so I kept a fair bit of cash and gold. Which was lucky since the price did crash with the FTX collapse and I was able to buy a lot more ending up with a better average buy price.

I did have to experience some of that pain when the price dipped below 20K and then down to 16K. At that point I had wiped out hundreds of thousands of net worth and didn’t feel great about it, but never considered selling. I had done enough research on Bitcoin to know the value I had regardless of the current price. I would console myself by remembering it couldn’t be stopped, had value to people like me that wanted to put their wealth outside the state and corporations, and had a finite supply, so as long as adoption kept growing the price would eventually go up.

I was able to reframe my thoughts to being happy if the price went up or down. I had learnt this from my trading (gambling) where you make bets on directional price change. It felt horrible when you were wrong on those bets. While nowhere near as crippling watching my Bitcoin stack go up and down, it helped to find a way to be happy in either direction. If the price went down, that was a good buying opportunity and if the price went up I had greater buying power.

Of course I wish I had bought more back under 20K but I held off thinking it might go to 12K or even 10K. I did the best I could. Then I escaped Australia and now I live somewhere where I have enough BTC to retire on. I also think the price appreciation has only just begun and has another 20X this decade and 100X by the end of next decade. That is richer than I ever imagined.

It will be the greatest transfer of wealth that the world has ever seen. Not from the rich to the poor, but from the ignorant and corrupt to the open-minded and self-educated. From those that couldn’t see evil, or were just ambivalent to it, to those that could see truth, honesty, and transparency. Bitcoin is the truth. An incorruptible ledger that will be publicly available for ever. Every transaction immortally locked on the time chain for public view.

The nuevo riche will be Bitcoiners. Those that made the moral decision to back the purest and most honest form of money humanity had ever seen. Like Jesus with the money lenders in the temple we will call out evil drive it away, but by with-holding our capital instead of a whip. We will invest in endeavours that have the values we want in our society; honesty, integrity, adding value. There will no longer be a place for the moochers and the charlatans. No more high paying jobs sucking on the tit of the government money printing whore.

Price discovery will cease to be retarded be the injection of printed dollars and capital will flow into efficient production causing breakouts in technology and prices to deflate like a blow up doll on a bed of nails. Bitcoin citadels will form on land purchased from bankrupt governments, sea structures built in open waters, and maybe one day outer space. The Bitcoin black hole will suck in the debt slavery, cross the event horizon, and flip the laws of economics from usury to productivity, theft to property rights, and war to peace.

I had a dream of a wizardly old man in a tower hunched over his crystal ball. “These God damn humans, I gave them rules that would make them happy and love each other. No.”

He said as he paced across the floor his beard blowing in the breeze.

“I showed them miracles performed by some of my chosen ones so that they would believe in the rules. No. I made it nice and simple. 10 commandments. No.”

He slapped his forehead in anguish.

“I gave them my son!”

He said shaking his head and looking out into the distance.

“A lot of them didn’t even believe it was my son and are still waiting for him.”

A tear ran down his cheek.

“I’ve had it. I tried this free will shit. It just doesn’t work, every time they make some progress they listen to the devil and break everything again. Maybe I shouldn’t have made Lucifer, it seemed like a good idea at the time – to give them choice.”

Throwing his arms up he went back the crystal ball.  

“That’s it. No more choice, they can keep their free will, but I’m taking away their choice.”

Rubbing his hand over the blue crystal orb he admired his creation; the clouds and oceans, the mountains and rivers.

“I’m going to give them an immutable power they can’t corrupt. They can store their time in it and deal with each other in a trust-less way. That’ll Fuck Em.