EPIC_HODLER
EPIC_HODLER 3 minutes reading from Bitcoin

8 Reasons Why I Don’t Understand Why Crypto Was Created & Why Bitcoin Was Created

1/9

Many 'influencers' promote crypto on a daily basis. This has its pros & cons which we have discussed on a recent podcast👇

However, I am confident in stating that I don't believe many of 'them' understand why crypto is needed.

BTC Banking MONEY

Twitter

2/9

Do such people have an adequate understanding on how money is created via both the Federal Reserve & other Central Banks, but also via commercial banks?

What about the fact that 80% of all currency in circulation has been printed in the last 2 years?

3/9

If this was well understood, there would be a greater amount of knowledge on inflation, how it's created, and how this phenomenon alone is one of the easiest & greatest methods in which wealth is transferred from the poor to the rich.

4/9

Do most people have an understanding of what money is, or the differences between money and currency?

True money is a:

- Store of Value - Medium of Exchange - Unit of Account

If your 'money' does not meet these criterion, sorry - it's not money.

5/9

What about why Bitcoin was even created in the first place?

Was it meant to be a compromised store of value, or was it supposed to be the first peer-to-peer electronic cash system that removed the requirement of 3rd parties to exist?

6/9

Why would the primary reason crypto was created in the first place, have changed so much is just over a decade?

Do we still have central banks and governments manipulating our 'money', i.e., currency?

Monetarily speaking, are we in control?

Twitter

7/9

These are all reasons why I am, & will continue to be an avid supporter of the EPIC Cash project, & overall Epicenter ecosystem.

It's the one & ONLY project that is looking to achieve the best use case for crypto - for money to be the people's money.

8/9

The amount I have personally learnt about money, both the historic & current financial systems, and how the issuance & control of money must be taken away from centralised institutions such as governments and central banks since...

Telegram: Contact @freemanuablockquotep 9/9

becoming a member of both the EPIC Cash community & Freeman University approx 8 months ago is beyond belief.

I have SO MUCH more to learn, & I look forward to this process!🤓

My point is - consider who you listen to, & associate yourself with in this space.

@EpicCashTech

This post is based on this twitter thread.

Comments

Please login to comment.