No one said withdrawing from a fiat money addiction was going to be easy. Freedom from debt service requires new priorities as one escapes the trappings of a high time preference life. From “The Withdrawal Issue”.
The global history of fiat money and U.S. world reserve status has incentivized many countries to abandon their own cultures and sovereignty.
Governments with the power to print money on a whim can avoid accountability and pursue corrupt agendas.
The broken incentives driven by fiat money props up large corporations, keeping workers unproductive and stifling entrepreneurial innovation.
By eliminating reasonable stores of value, the fiat economic system incentivizes us to seek debt, hope for luck and take on other poor habits.
How have Big Tech companies laid off so many with no consequences to their operations? Because fiat incentivizes meaningless rent seeking.
Enslaving us with debt and inflation, the fiat system replaces sincerely-held beliefs. But Bitcoin gives us the chance to be human again.
The incentives of the fiat system have broken charitable giving, but Bitcoin offers a chance to make real impact without virtue signaling.
Fiat money leads to a degradation of incentives, creating a society motivated only by the consumption of resources and zero value production.
Examining the various innovations that led to the Bitcoin white paper shows us that only Bitcoin continues the Cypherpunk ethos.