Monday, 10 April 2023

To the Bitcoin haters

Some will state that Bitcoin has not provided any value since its creation.

These people are generally Fiat Keynesian brainwashed westerners that have never set foot in an underdeveloped country that's been ravaged by corruption and hyperinflation.

I say to them: There is more to the world than the west.

Individuals in underdeveloped countries use it as a store of value AND as a medium of exchange. There are over 1.7 billion unbanked people in this world and Bitcoin is a bank account for every single one of them.

1) It allows them to receive remittances from abroad instantly and at a fraction of the cost charged in TradFi.

2) It allows them to store value and protects them from hyperinflation and currency debasement.

3) It allows them to protect their hard earned savings from confiscation. In these type of countries political corruption and oppression are rampant and confiscation happens more than you think.

4) It allows them to trade digitally and globally over the internet in an efficient and reliable manner, something not possible without a bank account.

Go out and see the world for yourself and not through the mainstream media.

submitted by /u/TheCoin-Files
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