Bitcoin is Like Fine Wine
Just like Fine Wine, Bitcoin gets better with age.
Have you ever had that glass of fine wine? That one that has been aged for years and years on end? The one that makes you warm and fuzzy inside? No, not the alcohol, but that feeling you get when you drink it. That tingling sensation. That is what bitcoin is like.
Just like fine wine, bitcoin gets better with age. The older it gets, the more value it gains. No other currency can do that. Gold? Gold is a fossilized bubble. The US Dollar? The American government can print as much of it as they want, whenever they want. European Euros? The European Union can break any moment, and their economy is steadily declining.
In 2008, Bitcoin was a response to the Financial Crisis. It was a reaction to the corrupt powers that be. It was a way to stop BIG Business from stomping all over us. Bitcoin is what’s happening to keep the 1% in check. Bitcoin is the way we fight back.
Just like wine, bitcoin is rare.
There are only 21 million bitcoins that can be mined. The US Federal Government, in comparison, can print trillions of dollars to infinity. Bitcoin cannot be printed out of thin air. Only 21 million bitcoins will ever exist. No more, no less.
To understand why bitcoin will replace fiat, you must first learn about the disasters that are traditional currencies. Let us see the USD, the British Pound, the Euro, and many others. They all have something in common: governments can print as much of them as they want. This creates many problems, like simple inflation. One cent used to be worth something. A dollar could buy almost a full gallon of gasoline. Today, it buys less than a thimble. That’s simple inflation, and it happens whenever a government prints more money. It happens because the government “prints” more money.
“But wait,” I hear you thinking, “Isn’t Bitcoin a digital currency? Wont it suffer from the same problems?” Here’s where Bitcoin is different.
In most currencies, only a central authority (like a government) prints the money. They then distribute as they see fit. In Bitcoin, there is no central authority. The distribution of the currency is automatic. In Bitcoin, miners create the money. The process works like this: people compete to “discover” new Bitcoins by running specialized software. The software however, requires an enormous amount of work to run. It takes supercomputers months to find the bitcoins. In fact, it gets more difficult as people continue to mine for them. The work it takes to mine a bitcoin gets more difficult as time goes one, and the money that is found generates more value. This automatically regulates the amount of bitcoins in circulation. Unlike our inflation-ridden dollar, the amount of bitcoins in circulation can never surpass a certain amount. This means that the value of the coins will generally go up. So, Bitcoin is a relatively simple idea (although it took someone of genius intelligence to come up with it) that creates a currency that can simply not be manipulated by any central authority. The currency is discovered (or mined) at a set rate, and this rate slows down as time goes on. This means the amount of new bitcoins found each year is less than the year before.,
Just like wine, a single bitcoin is worth a lot.
In fact, one bitcoin recently was worth $18,000! But just like fine wine, bitcoins can be split into hundreds of equally as valuable pieces. So, you could buy 0.005 BTC instead of a full bitcoin if you wanted to. A single bitcoin can be broken down into 100 million pieces!
A hundred years from now, Bitcoin price will still be recorded in Bitcoins. The same can not be said for US dollars, which will probably lose most of their value by then.
Yes, bitcoin is like a fine wine. With age, it gets better and better. It is a long-term investment. It’s the currency of the future. With bitcoin, we can stop big business and corrupt bureaucrats from taking everything. We can bring equality to the people. We can take action. Our destiny is in our hands. Bitcoin is what we make of it. Let us make it something great.
Let us make it… Fine Wine.
