How Are You Helping Bitcoin?

Hows it going ya beauties? Welcome back to The Molesy Message.

Let me tell you a short story. I went to a Bitcoin meet up in October 2019 to hear Peter McCormack, host of The What Bitcoin Did Podcast, be interviewed live. For all you newbies coming into Bitcoin, I highly recommended you follow his show.

At the end of the interview, Peter asked the small audience two questions:

Why are you in Bitcoin?

If it is for a good reason, then how are you helping?

I pondered those questions for 7 months before beginning this newsletter. I knew deep in my bones that bitcoin was and is the path to a better world. I will admit at first, the only reason I was in bitcoin was to get rich. I wanted to put my money in, buy BTC, then sell it to some idiot at a higher price. MORE US dollars for me. As I continue to dive down the rabbit hole even further though, my mentality has shifted. I see a future similar to this meme:

You might assume that I started speaking about bitcoin recently because I want to get rich. If I tell more people, then they will buy it. If more people buy it, then I get wealthier. Do I think bitcoin will appreciate tremendously in the future? Yes, I do. But that is because of the idiotic, short term policies of the centralized financial system.

Yet, that system is slowly crumbling before our eyes. It might not seem like it day-to-day. The destruction is going to be ‘death by a thousand cuts.’

One of those cuts is the devaluation of the US dollar. The US Dollar Currency Index is down over 7% in the last 3-months and falling.

I’ve hit this point many times but the printing of trillions of dollars to fix a broken system is the cause of this collapse. A change in the value of US dollars has a rippling effect throughout the global economy and leads to a shift in investors’ minds. Get out of cash and get into assets (gold, real estate, stocks, bitcoin). Do I want this to happen? NO. This is going to lead to more chaos and political unrest. Yet, it’s starting to seem inevitable so we must prepare just in case.

So let’s go back to the original question from Peter. Why am I in Bitcoin? I am in bitcoin to protect you from the inevitable collapse of the US dollars. We won’t be able to stop printing money. I am in bitcoin to help build a new financial system. One not built on endless amounts of debt, but one built on freedom and trust; one built for the digital revolution. Bitcoin will fix a lot of underlying problems in this society. I won’t go into all of them. It takes years to be in this space to understand all the effects it could have. I guess I am in bitcoin for that reason as well, teach people the affect bitcoin will have on the world outside of getting wealthy.

I feel like I come from a place with good intentions. So how am I helping?

I don’t know how to code, but I do have knowledge of content creation, business, and finance. I also have an immense curiosity and love for technology. This combination, mixed with my 4 years investing in bitcoin, gave me the courage to start this newsletter.

To all the people reading this newsletter, you make me optimistic. Together we can shape the world just by buying and holding bitcoin. Simple and powerful, just like Bitcoin.

So I ask the question back to you, How are you contributing?

“If you can contribute by coding, writing, educating, discussing, recording, creating, or simply hodling — great. But make no mistake: Bitcoin is bigger than all of us. And, dare I say it, the current failure of the legacy system is bigger than Bitcoin.

Yes, Bitcoin has the potential to fix many of the underlying issues of our corruptible and broken systems. But we will need a plethora of freedom-enabling technologies to win this war; tools that empower the individual by default, by offering strong privacy guarantees, encryption, and the freedom to use these tools without restrictions.”

source (Gigi)

Put your work boots on. We have a future to build. If you are confused where to start, my roadmap is below this letter.

See you tomorrow,

-molesy

As a reminder, this is not financial advice. Do your own research.

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