1 year ago
This is an sentiment editorial by Heather Everdeen, a mother, Bitcoiner and lifelong learner.
Dear Friends and Family,
The happening I privation you to recognize astir FTX is that these are fiat problems, not Bitcoin problems. Bitcoin is unaffected speech from its fiat currency speech rate. The bitcoin terms is impacted due to the fact that of each the unit connected these exchanges and funds to merchantability their assets. Bitcoin is 1 of the astir liquid assets determination is; it’s casual to merchantability instantly erstwhile you person to. There is inactive a caller artifact astir each 10 minutes. Bitcoin keeps running, unaffected.
FTX was each astir money, money laundering(?), power, corruption, trying to get U.S. regularisation that benefits lone those closest to the wealth printer. All portion mundane radical were chasing much bare fiat gains.
We cannot make a amended satellite until we discontinue chasing gains based connected dollars and commencement redeeming and readying for our aboriginal instead. I don’t cognize astir you, but I privation to physique a amended satellite to permission my children and grandchildren successful the future. I americium not OK leaving it to them similar this.
All of these exchanges are houses of cards. Many much volition collapse. While determination volition beryllium much cryptocurrency exchanges, I’m truly talking astir each things fiat: banks and hedge funds, pensions, 401(k) plans, fiat companies, etc. I person nary crystal ball, but I person seen the future. If I spot that vision, bitcoin wins. I judge it. We’ll see.
I’ve besides spent the past 5 years and thousands of hours — astir apt over 10,000 hours present — studying money, the fiscal system, trading, currencies, the Federal Reserve, cardinal banking, cryptocurrency, Bitcoin and amended economics than the ones we’re taught successful schoolhouse — Keynes was horrible.
Though it whitethorn beryllium annoying, I speech astir it truthful overmuch due to the fact that I spot what is happening and I privation to assistance my friends and family. Our wealth and fiscal strategy was acceptable up to beryllium analyzable and confusing connected purpose. They don’t privation radical to recognize it, due to the fact that if they did, they’d revolt. This is wherefore the small feline gets scammed each the time. It was designed this way.
This monetary strategy is not sustainable and volition fail. We volition spot it hap successful our lifetime. It is happening close now.
There is different way: buy, clasp and usage your ain bitcoin. Be your ain bank. No middlemen, conscionable you and your ain money. Use the strategy that was designed to escaped radical and not the 1 designed to enslave people. My “vote” is with my money. I ballot to escaped myself of these fiat chains and low-vibrational systems and beryllium a free, sovereign being. I usage bitcoin.
You should too.
This is simply a impermanent station by Heather Everdeen. Opinions expressed are wholly their ain and bash not needfully bespeak those of BTC Inc oregon Bitcoin Magazine.
English (US) 