Why You Should Care About Bitcoin

Since the dawn of civilization, money has been a part of it. As civilization advanced, the instrument people used for money changed with it. People once used seashells, then beads, then salt and then metal coins as money.

Today, the most common instrument is government issued paper or digital records. We know this money as some unit of currency issued by some authority, like, for example the US dollar, or the Mexican Peso or the European Euro.

Each time the instrument that was money changed you can imagine what happened to the people who had lots of the old instrument. They went from being very wealthy, to having a bunch of seashells, or beads, or piles of salt, or antique coins, or stacks of worthless paper.

It isn’t happening because of Bitcoin. It is happening because what we currently use as money is losing its integrity and people are in need of a substitute. In some cases, national currencies have already failed or are clearly in the process of doing so.

But it is happening to Bitcoin. It is happening because one by one, more and more people are voluntarily choosing Bitcoin to be their preferred money. Some are choosing it because its rules are incorruptible. Others are choosing it because it keeps becoming more valuable. Many are choosing it because they see it is as a path to long term economic stability. There are many reasons people are choosing Bitcoin. But regardless of each reason, it is happening.

You can disregard what is happening. If you do this you risk being left behind like those who held onto beads or seashells when those ceased to be instruments people used for money.

Alternatively, you can learn about what is happening and act accordingly. If you do this, you will be able to adapt along with our civilization and its money. You may find that this choice will make you care about money. I’m not talking about simply desiring to personally possess a lot of money. I’m talking about caring about money’s integrity because it is such an essential part of a functioning, healthy, vibrant and robust civilization. As this happens, you will likely conclude that Bitcoin is the instrument most finely tuned to supporting such a civilization. And this will lead you to care about Bitcoin, and quite possibly even, to care for it.

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 15 of the Why Bitcoin Series.

Next: Why Bitcoin is So Much More Than Money

--

--

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store
Tomer Strolight

Tomer Strolight

Destroying the lies that imprison people