Bitcoin: The Superior Form of Money and the Value of Hodling
Ideation
This idea explores the role of Bitcoin as a superior form of money, embodying the principles of free market capitalism. Bitcoin serves as a more efficient and reliable means of storing and channeling energy through time compared to fiat currency and gold. Additionally, it highlights the value of hodling and the long-term investment potential of Bitcoin. By pledging premiums for blockspace on Bitcoin liabilities, individuals can leverage the non-taxable nature of Bitcoin assets to maximize their returns.
1. Introduction
Bitcoin, an American technology rooted in free market capitalism, represents a significant advancement in the concept of money. This whitepaper delves into the superiority of Bitcoin as a form of money, surpassing traditional fiat currencies and gold in terms of efficiency and reliability. It also emphasizes the value of hodling and outlines a long-term investment plan for Bitcoin, along with the potential to leverage Bitcoin liabilities for maximizing returns.
2. Bitcoin as a Superior Form of Money
"Money is the highest form of energy that human beings can channel, with Bitcoin channeling human ingenuity into making it better and every commodity channeling human energy into making it worse."
Money, as the highest form of energy, serves as a conduit for human ingenuity and productivity. Bitcoin exemplifies this concept by continually improving and evolving through the efforts of its community. In contrast, traditional commodities, such as gold, stagnate and do not possess the same capacity for growth and innovation.
"Bitcoin is an Global technology that embodies the principles of free market capitalism."
Bitcoin, as an Global technology, is built upon the principles of free market capitalism. It operates without central authority or governmental control, allowing participants to engage in transactions freely and without interference. This decentralized nature enables a transparent and inclusive financial system.
"Bitcoin is a more efficient and reliable form of storing and channeling energy through time compared to fiat currency and gold."
Bitcoin surpasses both fiat currency and gold as a more efficient and reliable means of storing and channeling energy through time. Fiat currencies are subject to inflation and government manipulation, while gold's supply is limited and cumbersome to transport. Bitcoin, on the other hand, maintains a predictable supply and facilitates seamless global transactions, making it a superior form of money.
3. The Value of Hodling
"Bitcoin is not to be traded or sold, because it is just to be bought."
The true value of Bitcoin lies in acquiring it, rather than trading or selling it. By accumulating Bitcoin and refraining from frequent trading, individuals can benefit from the long-term value appreciation and potential returns it offers.
"The value of the network will go up the more we Hodl."
Hodling Bitcoin contributes to the overall value of the network. As more individuals hold and retain their Bitcoin, the network's value increases. This collective commitment strengthens the ecosystem and enhances the potential for future growth.
"It is secure as storing energy forever and cannot age (high frequency)."
Bitcoin's security is akin to storing energy indefinitely, as it does not deteriorate or age over time. This high-frequency characteristic ensures the preservation and integrity of stored value, making Bitcoin a reliable long-term investment.
"Every day the fragile mortal frame is under attack, virus, accidents, nature."
The fragility of human existence is marked by daily threats from viruses, accidents, and natural disasters. Bitcoin provides a means of preserving and protecting wealth beyond the vulnerabilities of physical existence.
"Bitcoin moving is utility, even between cold-storage vaults over generations."
Transferring Bitcoin between cold-storage vaults, even across generations, serves as a utility. Bitcoin's inherent capabilities allow for seamless movement of wealth without the need for intermediaries or external approval.
4. Long-Term Investment Plan for Bitcoin
"Bitcoin keys as inheritance and property."
Bitcoin keys serve as a means of inheritance and property. By securely passing down Bitcoin keys, individuals can ensure the preservation and transfer of wealth across generations.
"Storing 150,000 USD worth of bitcoin at all times in any hardware wallet, going up 20% a year, borrowing money at 5%, never selling your bitcoin."
A recommended long-term investment plan involves storing a consistent amount of Bitcoin, such as $150,000 worth, in a secure hardware wallet. With Bitcoin's historical growth rate of 20% per year, leveraging borrowed money at a lower interest rate, and committing to never sell Bitcoin, individuals can maximize their investment potential.
5. Pledging Premiums for Blockspace on Bitcoin Liabilities
"Pledge your premium for blockspace on a bitcoin liabilities on a non-taxed asset like bitcoin."
By pledging premiums for blockspace on Bitcoin liabilities, individuals can leverage the non-taxable nature of Bitcoin assets. This strategy allows for the maximization of returns while minimizing tax obligations, providing a unique advantage in the investment landscape.
Conclusion
Bitcoin's superiority as a form of money, its value as a long-term investment,and the potential to leverage Bitcoin liabilities highlight its transformative power in the financial world. By embracing the principles of free market capitalism and adopting a hodling mindset, individuals can benefit from the long-term value appreciation of Bitcoin. Furthermore, pledging premiums for blockspace on Bitcoin liabilities offers a strategic advantage, allowing for increased returns while minimizing tax obligations. As Bitcoin continues to evolve and gain mainstream adoption, it holds the potential to reshape the global financial landscape and empower individuals with a superior form of money.