The two main problems in the world that help provide rocket fuel to all the other major problems in the world are the two below.
- subpar governments
- subpar currencies (lose value and cause high inflation)
Charlie Munger says " show me the incentive and I will show you the outcome". I think that Bitcoin changes the incentive (money creation on a set schedule that makes money scarce) for money to be scarce (governments, banks, and central banks can´t print more bitcoin) - which will eventually (through adoption) solve the worldwide problem of subpar currencies that double in quantity every 6 years.
It will take decades for Bitcoin to be adopted and to solve the issue of subpar currencies. If subpar currencies (that allow for corruption, money printing, and inflation) are fixed then over decades it will have a positive impact on the other major problem in the world (subpar governments).
Peace, Love and Abundance
-Michael
Global Money creation doubles ever ~6 years (US doubles every ~8 years). This website has a really informative table that shows the change in Global money over time. https://porkopolis.io/basemoney.
Global money creation will lead to Bitcoin adoption. As Bitcoin moves up the adoption of innovation curve then the network value will increase at a rate of money creation (14% CAGR) + some premium for adoption + some premium for increasing scarcity (halvings).
Global money creation is a constant over thousands of years. You can count on death, taxes, and exponential money creation by governments, banks, and central banks. MONEY CREATION IS THE ROCKET FUEL FOR BITCOIN ADOPTION AND VALUATION.
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