This blog post has been authored by Karri Dalton-Hull, CashFX
7 Crucial Facts You Should Know About Bitcoin If You Want to Protect Your Money from Skyrocketing Inflation & the Dollar’s Plummeting Value
1. Centralized Systems vs Decentralized
“Centralization” is when we need a “Central” authority as a trusted 3rd party, to oversee and validate financial transactions, operations and the maintenance of the system. These are banks, the Governments, the Federal Reserve.
But trust them, we cannot! We’ve seen the corruption and collusion of Wall Street, Governments, Big Corporations, Tech, Pharma, the banks and The Federal Reserve. The current world monetary machine is an experiment that has never been done before and it’s been failing ever since it began. When Nixon took the dollar, off the Gold Standard in Aug 1971 (the Dollar was pegged to gold and the rest of the world currencies were pegged to the dollar) the world entered a new era of debt and fake money that derived its value only from the word of the powers that say it has value. This lack of check and balances has allowed corruption beyond belief and now they print money unchecked. There is no value to it. And now with the virus, the election, looming war and unprecedented division, the dollar is more vulnerable than ever. It’s just matter time, and probably not much, before it all collapses.
But the Bitcoin economy is DECENTRALIZED. It’s not controlled by a central authority, the technology itself, maintained collectively by the world crypto community, runs it. Bitcoin is off the central grid, off their radar and beyond their control.
2. Money of the Future? The technology behind Bitcoin, called Blockchain, runs the entire thing, including production of more Bitcoin, verifies & records all transactions, protects and maintains itself, is unhackable, fraud proof and private. No Need for a central authority. Its all run run by the code, the program behind the blockchain technology and the code cannot and has not been changed. Shortly after the housing collapse and big bank bailouts of 2009, the Bitcoin Whitepaper and the open-source Blockchain technlogy was mysteriously launched onto the world scene. It’s a very fascinating story if you don’t know it. And now, only 11 years later, billions of dollars in Bitcoin is being traded daily all over the world, providing a way for people to conduct business more affordably, more securely, away from the controlling arm and all-seeing eye of Government. And it’s still just the beginning.
3. Stability of BTC vs Dollar
We can no deny that the Dollar is in trouble as the entire world watches and holds their breath to see what will happen. As they print, and print, and print. Is this a house of cards about to collapse? Most say yes. There is even talk about a great reset. What would that mean? How would the government save us then? But the value and usage of Bitcoin is on the rise and there is every indication it is going to keep skyrocketing. Converting your dollars into Bitcoin is a great way to protect it.
4. Nobody Has Control Over Your Bitcoin, But You!
Have you ever heard of banks putting limits on how much of your money you can withdraw? Of course! Often you must complete an application to withdraw, which can be denied at the bank’s discretion. In fact, there are all kinds of reasons that banks put a hold on your money. They control it, not you.
With Bitcoin, nobody has access or control over your accounts, unless you give it to them. Transaction are all recorded on the public ledger called the Blockchain, but it is Anonymous, and encrypted (hence the name, “Cryptocurrency”). You can have as many wallets as you like and it is impossible for ANYONE to learn how much you have, where it is, how much you’ve sent or to whom, ect.
I am not a financial advisor and this paper is my opinion only. Do your due-diligence and decide what could protect your family. The economy is shaky,no doubt. This corrupt, smoke and mirrors financial system that has been build on debt and taxes and slavery may collapse anytime, and your dollars become worthless. Sounds unbelievable? We never would have believed they could shut down the world within days.
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I’m a single mom living in Ontario Canada, working online for years, full-time since Covid. I am committed to helping people protect their families from looming economic by disaster, through the understanding and accumulation, of Bitcoin.