I am sending this message from the year 2089. Things have never been so good in all of human history and some of you will still be here to see it.
If you don’t believe me, I don’t have time to try to convince you, I’m sorry.
Reading: Bitcoin time traveler
I know you’re all busy building and I don’t want to waste your time, so I’ll just explain what happened.
On average, each year, the value of a bitcoin continued to grow at an annualized return of over 250%—that is, of course, until hyperbitcoinization began in earnest. hyperbitcoinization arguably started with the genesis block, but when the us govt. uu. started printing trillions of dollars during the old 2020 pandemic, the world en masse started losing faith in its unit of account, the us. uu. dollar.
the largest demographic group in the us. USA, the baby boomers, began to retire. they had most of their wealth in their homes and retirement accounts (consisting mostly of stocks) and as they watched the financial markets and real estate continually pump and dump, due to money printing and government handouts, exacerbated by schizophrenic tax policy, they realized there would eventually be no demand for their expensive houses and amazon stock (not sure what this company did, but I’ve read it’s very big), and started cashing in.
This, coupled with small countries beginning to adopt bitcoin as their currency, paved the way for broader de-dollarization. China for a few years attempted a digital yuan, but a civil war ended its dream by destabilizing its CBDC implementation. Debtor countries in China’s Belt and Road Initiative realized that they could simply convert their treasures to bitcoin and pay off their debts in the weakened yuan after a year or two, thereby ensuring their financial freedom.
in the usa In the US, it all came to a head when Vanguard, Fidelity, and Schwab began measuring retirement account refunds. I don’t want to oversimplify those years, but scams were rife and confusion was the norm. many lost their life savings, while others multiplied by 500 what they had by buying bitcoins as soon as possible. overall, it became clear when the dust settled that bitcoin’s digital scarcity was the only applicable unit of account.
A famous couple, whose son had been telling them to buy bitcoin since 2020, lost everything in their retirement accounts. that is, until one thanksgiving day when he logged on to the long-forgotten bitcoin swan website and realized his $50-a-week automatic dca had been running continuously for the last 10 years. they quickly bought a plane ticket and moved into a bitcoin citadel community for the years they had left.
“what is a citadel?” you might wonder
The concept began as an art term to describe a hard money response to the pre-bitcoin fiat world. today you probably think of the “fiduciary world” when you see over-processed foods, low-quality imported products designed with planned obsolescence, or hyper-bureaucratic organizations that seem to produce little. those things are alien to us in my time. I have only read about them, but I think you will understand what I mean when I mention them. the citadel concept has become the cornerstone of bitcoin and most people in my era see the citadel concept as one of the following:
- bitcoin’s personal citadel: This is the high standard of self-care and sovereignty that bitcoiners (everyone nowadays) adhere to. It includes exercising, eating clean foods, maintaining healthy relationships, and working on emotional and spiritual betterment. With bitcoin as the standard, people began to realize that they were extremely capable of taking care of themselves and took the plunge. the personal citadel movement extended outside the self to one’s immediate family, home, and work or school environment. people became empowered by the responsibility to earn and maintain their own wealth and developed a culture of protecting it by respecting what others had.
- the bitcoin citadel community: developed as free and paid communities dedicated to both the improvement of the membership and the extension of the social mission of bitcoin. Some organizations functioned as what, in their day, I would call a rally group, focused on the development of particular skills, personal refinement, or community issues, other organizations developed as what I would call investment clubs. After hyperbitcoinization, many bitcoiners, now extremely wealthy, dedicated their lives to allocating capital to building a refined world of hard money. these groups operated on the principles of nonaggression, decentralization, lack of permission, and voluntary participation. sometimes they were intended to generate income and other times they were pure donations. The best example I can use is when I once read about the great capitalists of the 20th century who often spent the last half of their lives giving away what they had earned. you may know max keizer and michael saylor. These two men, becoming some of the richest people who ever lived, spent their final years campaigning to bring self-sovereignty, energy independence, and universal education to the world. they are the reason every country in the world now has fully funded trade, liberal arts, and research institutions.
- the physical citadel community: during and immediately after hyperbitcoinization, building citadels Physicals became extremely popular with early adopters looking to overcome the volatility and confusion that abounded. some people lived in mountain homes with plenty of security, some on tropical islands they bought, and others just bought entire city blocks and refitted them to become completely self-sufficient. many late bitcoin users initially hated these citadel builders, seeing them as elitist or isolationist, but when hyperbitcoinization was complete, most came to understand that physical citadels were intended as protective, self-sufficient structures, and were never used for damage or attack offensively. attack anyone. What’s more, many of these citadels after hyperbitcoinization began operating with an “open door” policy to provide shelter, food, and medical care to both average citizens looking for something to eat for lunch or a place to stay on a trip. by road, as well as the impoverished few who still struggle today.
Initially, governments tried to fight hyperbitcoinization by excluding early bitcoiners and smearing them as dissidents or radicals. the federal reserve printed tens of trillions of dollars and distributed them widely, thinking they might turn the average person away from bitcoin. This led to serious inflation and this plan backfired horribly when the federal government shot and killed 25 peaceful protesters who had gathered outside the white house to advocate banking the unbanked in major US cities with bitcoin. after this event, it became clear to almost everyone that they could not tolerate a government that enacted violence against those trying to improve the lives of others.
As more and more people opted out, government revenue faltered. The United States, flush with cash but without purchasing power, capitulated and announced that it would buy bitcoin. This announcement, combined with the rush of baby boomers passing on their wealth to younger, more bitcoin-savvy people and smaller countries opting for a bitcoin standard, is still seen today as the moment bitcoin won a peaceful revolution.
After governments realized they couldn’t beat bitcoin as a network, they became obsessed with energy production and chip manufacturing as a way to participate in the network. the geopolitical advantage went to the country that was able to produce massive amounts of energy at low cost and with low environmental impact. the consumption of natural gas and oil is non-existent in my day. Some people still drive vintage internal combustion vehicles, but that’s considered an expensive hobby because oil is so hard to find. today we use various forms of fission and fusion reactors to power everything from our homes and devices to our cities, planes and ships. our chips are 100,000 times faster than your fastest quantum computers and fit into portable devices that never require charging.
what could be called my cell phone, the device I carry with me most often to communicate, work and play, runs a full bitcoin node and mines bitcoins! it only generates three to six sats a month. I chose this model, one of the most expensive on the market, because of the more powerful 3500 terahash mining computer inside it. It won’t pay for itself and it’s not as advanced as the 1,000,000 terahash units some of the bigger energy companies have, but it’s nice to have a few Sat’s a month to grab lunch or spend on a coffee date.
See also: Cryptocurrency 2021 Legislation
Even the most staunch anti-bitcoin speakers capitulated when they saw what was happening in Africa, South America, and Southeast Asia. With the introduction of a hard money standard and nearly unlimited energy and computing power available to all, slavery and government tyranny disappeared entirely as demand for the junk “fiat goods” produced on these continents dried up. these particular places flourished immensely as their people were able to use their skills and resources at home, possess their own wealth and work, and keep rewards close at hand. Markets for services that used to depend on geographic arbitrage such as design, programming, marketing strategy, or website creation became more equitable when everyone transacted in a shared currency and governments around the world had to compete. by the citizens. some later scholars interpreted this as a global redistribution of wealth, while others saw it as the major social turning point when governments around the world began to think of their citizens as customers to be served rather than contributors to the benefits. to audit.
You may be wondering, what’s our plan now? to say that we live in a utopia is incomplete. some individuals have attempted to use their newfound wealth to create militias, seize land, or attack and rule others. but these types of attacks work less and less as the years go by and bitcoin becomes more and more decentralized. as the countries themselves strive primarily to innovate, they struggle less and less to dominate. they focus more on serving their citizens and protecting fundamental rights. this has led to a massive de-radicalization of politics and media as companies and governments insist on keeping the peace, otherwise their citizens will simply go to a better country.
Of course, in a sense, hyperbitcoinization isn’t complete yet, but we live in a much more just and peaceful world because of what you created in the early 2000s.
This is also why I contacted you.
go ahead. what you see now as a vision becomes a reality. I don’t know how to explain to you that it was all worth it; you won and the human race itself has become better for your work. I can’t imagine the hardships you’ve been through and are about to go through.
however, I’ve seen where it leads.
this is a guest post by robert warren. The opinions expressed are entirely my own and do not necessarily reflect those of BTC, Inc. or bitcoin magazine.