I Want Scotland To Prosper, And Bitcoin Is The Answer

Why Choose A Bitcoin Standard?

I person been progressive successful cryptocurrency for a fewer years now, dedicating my clip and effort to educating radical astir the fundamentals and planetary benefits. I tally a podcast (“The Crypto Standard”) educating listeners successful a amusive and understandable way. So wherefore person I picked a bitcoin modular implicit immoderate different cryptocurrency retired there? The reply is elemental — thing comes adjacent to bitcoin successful presumption of a store of worth that is durable, portable, transferrable, divisible, fungible and, importantly, scarce.

An Open Letter To The Scottish Government

To each MSPs successful the Scottish Parliament,

Allow maine to present myself. My sanction is Jordan Walker and I, similar galore others, person a large pridefulness for Scotland. Our past and ancestry is renowned astir the globe. I americium fortunate capable to beryllium good traveled and person recovered that Scottish radical are good received, nary substance which state I visit. My accent volition beryllium complimented and determination is an instant spot betwixt overseas borders which precise fewer nations have. If our past has taught america anything, we volition combat for our state and situation the presumption quo.

I americium penning this from my position arsenic portion of Generation Z, due to the fact that I judge the aboriginal of Scotland lies with the younger generation. Unfortunately, the satellite I spot contiguous makes maine aggravated and fills maine with a consciousness of disappointment. We are destroying our planet, and successful the process, we are creating societal and wealthiness divides. Why? For the greed of money. Yes, it each comes backmost to money!

This missive volition revolve astir the fiscal stableness of Scotland and its future, which besides ties powerfully with becoming a greener, much sustainable and perchance autarkic country. I believe, if we hole the money, we tin commencement rebuilding the satellite the mode the younger procreation envisions it, starting close present astatine home, successful Scotland.

What I person learned implicit the past fewer years of self-studying macroeconomics is that we unrecorded successful a satellite of changeless monetary debasement and spiraling debt. The existent planetary monetary strategy is not sustainable; it is built connected spot betwixt governments and citizens, which is deteriorating, arsenic evidenced by caller inflationary measures.

I would similar to item El Salvador here, which, similar Scotland, is simply a tiny state with a colonisation profoundly affected by currency devaluation and nationalist debt. They are successful this presumption due to the fact that they person utilized the U.S. dollar arsenic currency, which the U.S. has devalued done escaped monetary policy, without compensating El Salvador. As you tin imagine, this has led them to utilizing indebtedness to enactment their economy.

In bid to tackle this, El Salvador has now adopted bitcoin arsenic ineligible tender. They person adopted what they, and I, judge is dependable wealth and are educating their colonisation connected the benefits of utilizing bitcoin. In addition, they are attracting tremendous concern into the state by gathering the world's archetypal “Bitcoin City.” To assistance them bash this, they volition statesman issuing bonds backed by bitcoin. Alongside these bonds, they are harnessing greenish vigor by exploiting volcanic geothermal enactment to excavation bitcoin for their nationalist reserves. They are starring the mode and demonstrating the existent imaginable of bitcoin arsenic dependable wealth with the capabilities of harnessing the Earth’s energy.

Many are skeptical of Bitcoin and volition person stopped speechmaking this missive already. Therein lies the problem. Many are not consenting to person an unfastened treatment astir the taxable to larn the existent fundamentals of the Bitcoin protocol. There are galore narratives astir Bitcoin portrayed by the media, and groups focusing connected alternate vested interests, which person influenced people’s perceptions specified as, “Bitcoin is simply a bubble,” “Bitcoin is atrocious for the environment” oregon “Bitcoin is utilized for wealth laundering.”

I person spent hundreds, possibly adjacent thousands of hours researching Bitcoin and my decision is that bitcoin is hope! Let maine explicate why.

The U.K. conscionable reported an ostentation complaint summation of 5.5% successful the 12 months to January 2022, the highest figures successful 3 decades. This is simply a planetary occupation owed to the magnitude of wealth being printed. One that is not transitory and needs to beryllium urgently addressed. I took the determination past twelvemonth not to wage into a backstage pension pot. Where is the consciousness successful locking distant my hard-earned wealth successful investments utilizing a debasing currency arsenic their portion of account? There is none. To bash truthful would beryllium allowing this currency debasement–based ostentation to compound successful my pension pot’s purchasing powerfulness implicit the adjacent 42 years. For galore my age, this is the collision people we are on, if our monetary argumentation is not fixed.

I bash not spot the government-backed wealth anymore; therefore, I bash not spot the authorization controlling it. However, 1 happening I bash spot is math. I americium by nary means a mathematician, successful fact, I hated it astatine school, but I cognize that it can’t beryllium distorted nor influenced by humans. Bitcoin is built with math, and implicit the past fewer years of learning astir it, I person travel to spot bitcoin.

It gives maine a consciousness of anticipation that we tin bash better. It’s hard-capped proviso bounds of 21 cardinal bitcoin means cipher tin make more. This makes it a acold superior plus to that of gold, and surely to immoderate currency we’ve seen to date. Anyone looking for a store of worth that is durable, portable, transferrable, divisible, fungible and scarce request look nary further than bitcoin.

In fact, Bitcoin is the azygous fastest adopted exertion ever; it’s projected that it volition deed 1 cardinal users 4 years faster than the net did. Today, we can’t unrecorded without the internet. Bitcoin is present to enactment and volition alteration the planetary fiscal strategy for aboriginal generations, and I privation Scotland and its radical to prosper from this technology.

Scotland has the aforesaid accidental arsenic El Salvador to follow bitcoin. Maybe not arsenic ineligible tender, but simply to incorporated it into Scotland’s aboriginal by accumulating it arsenic portion of a Scottish sovereign wealthiness fund. We are moving into an epoch of sustainability, wherever our lipid reserves volition go valueless. However, we are affluent successful upwind and tidal vigor which person the imaginable to beryllium utilized for bitcoin mining. Bitcoin tin beryllium the catalyst for Scotland to spell autarkic and pb the mode for bitcoin adoption successful Europe. The 2014 referendum heavy relied connected our lipid reserves, but arsenic we displacement into a greener, much sustainable world, lipid tin nary longer beryllium relied upon for our country’s wealth. So what can?

The younger procreation gets it — they are starring the mode successful Bitcoin innovation and adoption. The misinformed communicative astir bitcoin needs to change, different we hazard getting near behind. I tin lone talk for myself erstwhile I accidental I would ballot yes for a bitcoin-backed Scottish independency and I would similar to telephone upon each members of the Scottish parliament to commencement a treatment astir bitcoin and its spot successful Scotland’s future.

Yours sincerely,

Jordan Walker

This is simply a impermanent station by Jordan Walker. Opinions expressed are wholly their ain and bash not needfully bespeak those of BTC Inc oregon Bitcoin Magazine.