Introduction
The thoughts of a bitcoin standard are vast and exciting. As fun of a thought as it is to try and predict the future, as bitcoiners we should find solace knowing that the future of a bitcoin standard will be driven by grass-roots market participants. The transition to a bitcoin standard is resilient to the deepest darkest desires of the uniparty blob. That same blog that idolizes central bankers, worships the state, and facilitates the anarcho-tyranny crippling the West, will be rendered useless by the time they realize they are too late. An economic system that renders the uniparty and their coastal elite handlers powerless, intuitively means that their decentralized morally superior counterweight, the common man, will fill the vacuum.
Entrepreneurship = Opportunity
The common man is empowered by Entrepreneurship. Owning a businesses allows individuals to achieve independence and potentially generate wealth greater than once previously thought capable. More businesses means more choice, more dynamic markets, and greater innovation leading to a rising tide lifting all boats. Even as an advocate for entrepreneurship, one must realize that there are legitimate barriers to entry and risks to starting a business. Many of these risks are propagated by central bankers and their cuck bucks. In the most basic sense starting a company is making an investment today with the hopes that the human and financial capital is worth more in the future. It takes a lot of courage and resources for anybody to make that bet so they dont want their lively hoods and succession plans messed with. Contrary to popular belief, people don’t actually like to be prayed on by central bankers. An economic system that is built on boom/bust cycles is inherently costly, unpredictable, and subject to the whimsical political beliefs of central planners because that is costly, unpredictable, and only benefits their cronies.
Bitcoin Flips the Script
In a value-for-value economy under a Bitcoin standard, the concept of value creation and exchange becomes much more transparent, direct, and incentive-driven, fostering an environment where entrepreneurs can thrive.
Shift from High to Low Time Preference: Since deflation is a property of Bitcoin, entrepreneurs are more inclined to pursue projects that offer stable, long-term returns. This shift from high-risk speculation to sustainable ventures creates a healthier business environment with less emphasis on short-term gains.
Stable Unit of Account: Bitcoin’s stable supply and deflationary properties, allow entrepreneurs to plan better. This stability in the unit of account facilitates economic calculation, allowing entrepreneurs to price their goods and services more accurately and predictably.
Genuine Value Creation: as the currency’s deflationary nature means that only projects offering real benefits will succeed. This emphasis on value creation leads to more robust business models and discourages speculative ventures that don’t contribute to societal capital.
Reduced Centralization: Bitcoin’s decentralized nature means entrepreneurs are not reliant on centralized authorities for financial resources or approvals. They can attract funding directly from a global pool of investors who recognize the value of their projects. This lowers barriers to entry, allowing more entrepreneurs to pursue their ideas without excessive bureaucratic red tape.
You can empirically assume that each empires golden age was when their money was the hardest. As power centralizes, the worst type of people are attracted to it, they abuse the money printer, and these once great civilizations begin to head the wrong way. I believe a bitcoin standard will usher in a more predictable economic environment and create a boom in entrepreneurship. I think this will ultimately grow the economic pie, create more freedom, and more people passionate about creating value.
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