Growing up in a Christian-based family and being a Bitcoin Maxi, I am amazed by the many ideological parallels that Bitcoin has with religion. In this article I compare Bitcoin to my personal upbringing and ideologies as a Christian. If you study World Religions long enough, you will come to find out how similar your religious beliefs are to that of Buddhists, Hindus, Jews..etc. In my humble opinion, all world religions can be distilled to three commonalities: faith, love and hope. This article will also answer the question, “Is Bitcoin a Religion?” I would like to thank @bitcoinorthobro for the…
Author: Jeremy
I have studied monetary history and money for over ten years. I first learned about Bitcoin in 2015 when I read a Yahoo article about it being used on the dark web. I was turned off because criminals reportedly used it to buy illicit items while “retaining their anonymity.” I never looked at it again until November 2020, when I purchased my first satoshi. Until then, I was storing my wealth in gold, silver, single-family rental houses, and apartments. I did this because I knew that if I saved my wealth in dollars, it would be eroded by the insidious,…
Every person dreams of someday retiring from their 9-5 job, but retirement is becoming harder and harder to achieve in a world where the monetary system is broken. When the government can print money just as fast or faster than you are earning it in your paycheck and retirement account, you are just “raking leaves in the wind.” Even the “8th wonder of the world,” compound interest, as Warren Buffett describes it, will not save you. Here is why… If you invested any amount of money in March of 2020 when the government created 35% of all the money that…
What is game theory? Have you ever played a game of Jenga? If so, you know what game theory is. Every time you pull a piece from the Jenga tower, you are always strategically going after the piece, which will make it harder for your opponent’s next move but easy for you to not topple the tower. The game goes on such that every move you make will always be countered by your opponent’s move until the tower crashes and the most strategic player wins. This is game theory in its most simplistic form. Bitcoin has been playing a 13…
What is Money? We work our entire life to earn money to provide for our families, therefore, the money you work for needs to be a good store of value, right? What makes money a good store of value? The perfect money should be: DurablePortableScalableSaleableLimited SupplyScarceFungibleTrustedDivisibleUn-confiscateable For thousands of years, Gold was considered to be the best store of value. Bitcoin has taken this status away from Gold because Bitcoin meets all of the requirements of a good store of value and more. What is Bitcoin? Bitcoin is money on a ledger. Bitcoin, spelled with a “Big B” is the…
In this article I want to explain Bitcoin from the perspective of a farmer. I love learning things through analogies because it helps me to better understand concepts and to become a better teacher. Why was Satoshi a farmer? In short, Satoshi came up with the novel idea of growing corn (bitcoin) protected and harvested by miners (farmers) on one, big, self sustainable farm (The Bitcoin Network). Before I continue with my analogy, I need to try and simply explain what Bitcoin is. Simply explain Bitcoin?!?! Hahaha! That is quite the endeavor, nevertheless, I will make a valiant attempt. Bitcoin…