Take the Bitcoin, change the world

This piece uses the Jenga game as an analogy to show how Bitcoin can change the world.

Central banks around the world control the amount of money and credit in the economy, creating cycles of expansion and contraction. Given that governments tend to overspend, the central bank’s monetary policy tends to be (in the long run) always expansive, debasing the currency and creating inflation. This has secondary effects such as inequality and poverty, which create social tensions. This is where populist governments rise in popularity and take control of the country.

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This piece also contains important messages, such as:

• The famous title from The Times (Jan 3, 2009): “Chancellor on Brink of Second Bailout for Banks” – included in the genesis block by Satoshi Nakamoto
• A quote from Neel Kashkari during an interview in 2020, where he stated: “[…] There’s an infinite amount of cash at The Federal Reserve […]”
• A title from The Guardian: “US House passes bill to suspend debt ceiling just days before default” (Link)
• A famous quote from Satoshi Nakamoto in Bitcoin’s whitepaper where stated: “Once a predetermined number of coins have entered circulation, the incentive can transition entirely to transaction fees and be completely inflation free”

If you enjoyed this post, I would really appreciate a contribution to my Lightning Address! ⚡️ bianca@getalby.com (or visit this page https://biancabtc.art/donate). Thank you so much! 🤍🤍

Bianca.