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Your Declaration of Independence is called Bitcoin
Are you a sovereign individual? The answer will define your future.
On this day, 31 October 2008, the Bitcoin whitepaper was released. This marked the beginning of the cryptocurrency era. In other words, this is when you were given a choice: become sovereign or remain vassal to the fiat system.
You become a sovereign individual when you release the chains of third party control over your life and buy Bitcoin - the only form of money in existence that makes central banks obsolete.
The first time you buy Bitcoin is when you declare your independence. You will remember it for the rest of your life. It is your personal statement of freedom to yourself. I declared my independence in 2014 and never looked back since.
This newsletter is about this extraordinary day in the history of money with fundamental implications for your freedom, quality of life, and happiness.
Until 2008, you had no choice. Your only option was to be a vassal of the fiat system. Central banks - the ultimate controllers of fiat money supply - print currency on demand, at your expense, and create what is commonly called inflation.
Governments borrow money from central banks, on demand and at your expense, whenever they want to go to war or fund national budgets or spending you had no say in.
While some of these actions may be justified for the “common good”, this quickly falls to pieces when you realize the money printed was created from thin air. Who pays for this abuse of power? You. In crypto terms, you are left holding the bag.
Why can some entities - like banks or governments - simply create money at no cost and spend it first (before you), while others (like you) have to work for it and spend it last when it is devalued? This is not a fair economic system. This is actually exploitation. Bitcoin fixes this unequal power relation and levels the playing field.
By buying Bitcoin, you escape this abusive system. In the process, you are also preserving your wealth from dilution and gain access to transact with other sovereign individuals around the globe without the need of intermediaries. This is called freedom.
Bitcoin is a real invention, just like electricity, the light bulb or the transistor. Besides being a technological marvel that revolutionized money, it is an actual tool that allows you to act on your newfound freedom without asking for permission.
This was not possible before.
In 1997, a book called the Sovereign Individual was written about this concept of freedom. The authors also predicted the emergence of a money like Bitcoin with the advent of the Information Age. They called it cybercash. In his whitepaper, Satoshi called Bitcoin electronic cash.
What the authors imagined in 1997 is now reality. This includes:
electronic cash (Bitcoin)
private money (stablecoins)
eradication of inflation (Bitcoin)
We are in the mists of a new age and Bitcoin is very much part of that. This is why my community has the following guiding principles and I encourage you to reflect on them:
Your life quality is measured by your level of freedom;
Sound money is essential for individual freedom;
Owning Bitcoin gives you unprecedented financial freedom.
I also recommend you read my previous newsletter on 10 reasons why you should not miss on Bitcoin. It’s a great way to get a good understanding of the value proposition and what makes Bitcoin unique.
I leave you with only one question.
Have you declared your independence?