Sorry for the lengthy submit however hear me out..I made loads of errors initially after I got here into crypto house. Went after alts and shitcoins and will have ended up with extra Bitcoins than what I’ve proper now. All of this happend cos I did not ‘DYOR’ and had little or no clue in regards to the house. As soon as I went within the Bitcoin rabbit gap..I’ve discovered a lot that now I’m a special individual and really feel higher about myself.
Issues I discovered –
1.) I perceive finance and cash a lot better now
2.) I was fairly professional govt and used to belief the authority. I now perceive how these guys use fiat cash to fund warfare and use the central banking system to learn themselves
3.) You guys would possibly do not forget that in 2016 Govt of India made 500 and 1000 rupee payments unlawful tender in identify of curbing black cash and stopping cash laundering and changed it with new currencies. All of this was annouced in a single day and from subsequent day the five hundred and 1000 rps payments that individuals held had no worth. I used to be silly sufficient to assist this and belief the Govt on this transfer.
After happening the Bitcoin rabbit gap I realised that how flawed and harmful this transfer from the Govt was and the way silly I used to be to belief them. Many poor and center class folks suffered attributable to this transfer. Wealthy weren’t even affected cos they’d energy and contacts they discover loopholes.
4.) After this I realised the significance of Bitcoin. I understood what decentralization means and why it is necessary. Phrases like censorship resistance and be your personal financial institution began making sense.
5.) I will not lie – I’ve cheered the highly effective nations invading the much less highly effective in identify of “Combat towards Terrorism” and “ending dictatorship” cos I belived they have been proper. I noticed how these invasion have been made doable attributable to central banking insurance policies and printing cash. I do not try this anymore and perceive the struggles of the much less priviliged nations.
6.) I’m not saying that with Bitcoin Normal there will probably be no wars. People are shit and can kill one another regardless however funding wars will not be that straightforward with Bitcoin Normal. Variety of wars will go down considerably.
7.) I used to be silly to assume that poor folks keep poor cos they do not work laborious, they are lazy and silly and blah blah blah. After happening the rabbit gap I discovered how inflation is consuming away the little financial savings that these folks handle regardless of working laborious and dwelling on naked minimal bills. I noticed attributable to lack of credit score historical past they by no means get loans to assist educate themselves or their children or begin a enterprise. In the event that they borrow cash from some unregulated borrower then they get ripped off attributable to insane rates of interest and frauds. Its like being caught in a infinite loop of poverty with no approach out. I not look down upon poor folks and really feel empathic in direction of them. I really feel I’m a greater individual now and all this happend cos I went within the Bitcoin rabbit gap.
If anybody of you have not learn sufficient on Bitcoin then pls pls go for it. Learn ‘The Bitcoin Normal’, ‘The Bullish Case for Bitcoin’ and watch all these documentaries. This will probably be your finest funding.
Some sources —
https://vijayboyapati.medium.com/the-bullish-case-for-bitcoin-6ecc8bdecc1
