CC#017 - The Money Multiverse
Using Crypto To Escape The Purchasing Power Black Hole.
‘The Money What Now’?!
In the domain of theoretical physics, there is a hypothesis that there is not just one universe but many universes co-existing all at once. It’s argued that every decision we make creates a new universe that we all cross into depending on the outcome of that decision.
This head-spinning theory is known as the multiverse theory.
I want to borrow this concept for how to think about crypto investing and introduce the idea that, thanks to the invention of Bitcoin, the very definition of money has been reinvented.
Finally, I want to prove that cryptocurrencies like bitcoin will ultimately come to represent the only type of money that retains or even grows its purchasing power indefinitely.
I want to use this article to convince you that future generations will look back and laugh at our present-day traditional finance system using essentially worthless pounds, dollars and euros.
Modern fiat currency central banking will have the same effect on future generations as us looking back to routine bloodletting, drilling holes in our heads to relieve headaches and consuming pure mercury that were once common recommended (but counterproductive) ‘treatments’ in early medicine.
But first, let’s look at the two competing types of monetary systems which exist today and their significant differences.
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