Why Bitcoin is the Path to Economic Stability

“Bitcoin is extremely volatile” say the journalists, economists and bankers.

Is it though?

If you were on a boat that was being tossed about by rough seas and were looking out at a lighthouse on the shore, that lighthouse’s position would appear extremely volatile. Here’s why Bitcoin is like that lighthouse.

Bitcoin is Profoundly Stable.

No matter what the world has thrown at it, Bitcoin’s has kept all its promises:

  1. It has prevented bitcoins from ever being mis-spent or re-spent.
  2. It has issued a precisely predictable supply.
  3. It has allowed owners to spend coins without restriction.
  4. It has allowed anyone in the world to use Bitcoin.
  5. It has allowed anyone in the world with a basic computer to verify all of these facts for themselves without having to trust anybody else.

There have been no exceptions. How could anyone call this volatile?

Bitcoin’s Adoption is a Mass Migration Towards its Stability

As Bitcoin’s adoption increases, its value, as measured in dollars , rises profoundly, albeit with wild short term fluctuations as markets try to figure out just how valuable it is becoming.

What’s Volatile is National Currencies

If we hold national currencies up to the standard of stability described above, none even offer any of Bitcoin’s promises.

  1. None offer any promises of predictability of supply — and many, including the dollar have seen massive supply increases in recent times.
  2. None are entirely resistant from being seized by crooks or authorities.
  3. None offer their holders unrestricted permission to use them — regulations exist that require owners to identify themselves and declare their uses for values above certain thresholds.
  4. None offer access to every citizen of the world — many specifically embargo people from other nations from using them.
  5. And none can have their supply verified or audited independently — it’s doubtful if even the authorities in charge actually know the supply that exists.

Bitcoin is the Path from Volatility and Opaqueness to Predictability and Transparency

Want more? This entire series (plus a 26th bonus article) is available as a pdf or kindle ebook at https://swanbitcoin.com/whybitcoin.

This is article 13 of the Why Bitcoin Series.

Next up is:

Destroying the lies that imprison people