“History has shown that governments will inevitably succumb to the temptation of inflating the money supply.”

-Saifedean Ammous

Governments and central banks have total authority to create money (out of nothing) debasing the currency and effectively stealing from those who don’t invest in hard assets and choose to hold cash. We have witnessed governments using this power to win elections, solve their problems, promote their ideologies, and amass greater power - completely unchecked!! - that is, until now. 

As long as people continue to trust that the government will be able to service their debt the fiat money system will prevail… 

BUT, like a house built on a foundation of sand, a fragile system can easily collapse when a crisis arises. Though the house is a complex and well-constructed masterpiece, the flawed foundation will not hold it up. 

One thing to remember about money is that it is ultimately chosen by people - individual actors. People will naturally gravitate to the money that is perceived as the "safest" with time. Thus whatever vehicle the people elect to store their value over time becomes the money. 

We believe Bitcoin is a technological discovery with massive global economic implications and a very serious contender for the role of sound money in the future.

In order for a “good” to be “money” it must have several distinct characteristics.

Bitcoin fulfills many of these characteristics in ways that previous monies like fiat or gold are unable to. 

Find out for yourself. Is it simply a fad or will it reform money and, by extension, society in ways we can’t even imagine?

The resources below may serve to inform your decision. And for those who choose to completely ignore it, remember:

“This is a historical lesson of immense significance, and should be kept in mind by anyone who thinks his refusal of Bitcoin means he doesn't have to deal with it. History shows it is not​ possible to insulate yourself from the consequences of others holding money that is harder than yours.”

-Saifedean Ammous