The longer you stay in the cryptocurrency market, the more you hear one phrase: “Bitcoin solves this problem.” But what does it mean? Why do people say that? And what are you fixing? As a Bitcoiner, this is the most important question you need to answer. Once I went all the way down the Bitcoin rabbit hole, I found out what it was really up against. This is the moment when you can’t go back to your old life before entering Bitcoin.
Simply put, Bitcoin is attempting to solve the greatest crime of our lifetime. It is a crime where the government converts to fiat currency and inflates savings.
A few years ago, currencies were backed by real assets. Until the last century, currencies were still backed by gold, silver, and other wealth-preserving assets. But after World War II, everything began to change. The world is in dire straits and extra funds are needed to help rebuild the world. This is why the US dollar eventually became the world’s reserve currency, backed by gold at the time.
