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Writer's pictureFahad H

Do you beleive this time traveler from 2025 warning us for Bitcoin?


I’m a time-traveler from the long run, right here to beg you to cease what you’re doing. I’m sending this message from the yr 2025. Things are trying bleak right here, and a few of you’ll carry blood in your palms.

If you do not imagine me, please transfer on, as I’ve no means of proving to you I’m actually who I declare to be.

I do not need to waste any of your time, so I’m merely going to clarify what occurred.

On common, yearly to this point, the worth of Bitcoin has elevated by a couple of issue ten. From 0.1 greenback in 2010, to 1 greenback in 2011, to 10 greenback in 2012, to 100 greenback in 2013. From now on, there is a slight slowdown, as the worth elevated by an element ten each two years, to 1,000 greenback in 2015, to 10,000 in 2017, 100,000 in 2019, and 1,000,000 in 2021. From right here onwards, there is no great way of expressing its worth in {dollars}, because the greenback is now not used, neither is any central financial institution issued foreign money for that matter. There are two primary types of wealth in in the present day’s world. Land and cryptocurrency.

There are simply over 19 million Bitcoin identified for use on the planet in the present day, in addition to just a few hundred thousand that have been completely misplaced, and we’re nonetheless coping with a inhabitants of simply over 7 billion folks in the present day. On common, this implies the common particular person owns slightly below 0.003 bitcoin. However, as a result of unequal distribution of wealth in my world, the imply particular person owns simply 0.001 bitcoin. That’s proper, most of you studying this in the present day are wealthy. I personally reside subsequent to an annoying younger man who logged into his outdated Reddit account two years in the past and found that he acquired a tip of 0.01 Bitcoin again in 2013 for calling somebody a “faggot” when he was a 16 yr outdated boy. Upon making this discovery he purchased an airline ticket, left his home with out telling anybody something and went to a Citadel.

“What is a Citadel?” you may marvel. Well, by the point Bitcoin grew to become value 1,000 greenback, companies started to emerge for the “Bitcoin rich” to guard themselves in addition to their wealth. It began with costly safes, then started to incorporate bodyguards, and in the present day, “earlies” (our time period for early adapters), in addition to these wealthy whose wealth survived the “transition” reside in remoted gated cities known as Citadels, the place most work is automated. Most such Citadels are born out of the fortification used to guard locations the place Bitcoin mining machines are positioned. The firm referred to as ASICminer to you is thought to me as a metropolis the place Mr. Friedman guidelines as a king.

In my world, quickly to be your world, most governments now not exist, as Bitcoin transactions are finished anonymously and thus most governments can implement no taxation on their residents. Most of the success of Bitcoin is because of the truth that Bitcoin turned out to be an efficient methodology to cover your wealth from the federal government. Whereas folks getting into “rogue states” like Luxemberg, Monaco and Liechtenstein have been adopted by unmanned drones to make sure that governments know who’s hiding wealth, no such choice was accessible to cease folks from hiding their cash in Bitcoin.

Governments tried to remain related in my society by shopping for Bitcoin, which simply made the issue worse, by rising the worth of Bitcoin. Governments did so in secret after all, however my technology’s “Snowdens” are in reality grasping authorities workers who transferred Bitcoin to their very own personal account, and escaped to anarchic locations the place no questions are requested so long as you possibly can cough up some cash.

The 4 establishments with the most important nonetheless accessible Bitcoin stability are believed to be as following:

-ASICminer – 50,000 Bitcoin

-The IMF’s “currency stabilization fund” – 70,000 Bitcoin

-Government of Saudi Arabia – 110,000 Bitcoin

-The North Korean authorities – 180,000 Bitcoin

Economic progress in the present day is about -2% per yr. Why is that this? If you personal greater than 0.01 Bitcoin, likelihood is you do not do something together with your cash. There is not any inflation, and thus no incentive to take a position your cash. Just just like the medieval ages had no important financial progress, as wealth was measured in gold, our society has no financial progress both, as folks know their 0.01 Bitcoin shall be sufficient to final them a lifetime.

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