Mimetic Narrative Warfare

Good Morning Everyone,

An article from the Guardian circulated yesterday titled

“Bitcoin could become ‘worthless’, Bank of England warns”

In classic legacy media fashion, this is the usual clickbait we have come to expect from most corporate media institutions, as their business model is not truth or “news”, their business model and the way they pay their employees is by selling advertising. The more eyeballs, ie clicks, the more the cost of the advertising real estate to their advertising customers.

I wanted to address this, as I know many people that do not understand the technology and the transition that is taking place and have not done to the work to develop conviction, can be easily swayed and influenced by this kind nonsense.

First of all, could bitcoin become “worthless”? Sure. I mean, anything can theoretically become worthless. So this is not saying anything really - hence clickbait.

Is it likely to become worthless may be a better question. What is the probability?

At $48,870 USD right now, i think it’s a pretty comical statement, as it’s almost as close to $100,000USD as it is to zero. However it is certainly not a zero probability. Could the GBP become worthless? Could the USD become worthless? Could any political money become worthless? The answer is yes - and year by year they are.

Below is a chart showing the value of the Pound Vs Bitcoin (GBPUSD/BTCUSD)

Since the inception of Bitcoin, the Pound has lost 99.99% of its value - its purchasing power - vs the worlds most pristine asset, Bitcoin. I’ll let you decide which you believe is of greater risk to hold.

I could show you the same chart for pretty well every political money in existence today. It is by design that all fiat currencies go to zero over time. These are not opinions, these are facts. Without the anchoring of value to the physical world, like a peg to gold for example, where scarcity exists and work or effort is required to obtain it (mine it), or in Bitcoins case energy is used to perform Proof-Of-Work to mine bitcoin, there is nothing to prevent human nature corrupting the system and simply creating more monopoly dollary-doos.

Since the inception of the Federal Reserve in 1913, which by the way is neither Federal, nor has any reserves - the US Dollar has lost over 96% of its purchasing power; its Value.

So if we want to focus on things becoming worthless, i’d suggest focusing your attention on what has happened to political money, where it’s not a maybe. It’s a certainty. And it has already happened right before your very eyes.

I’ve attached a chart showing the erosion to the US Dollar over time and a link to a site that dives a little deeper on the devaluation.

What is happening here is an attack on the citizens of the world and our ability to own property - I do not mean Real Estate, although that can be included - but i mean any property. Your money is your property. And through the rampant and predictable devaluation of your governments political money, the value of it is being syphoned away and preventing you from storing your time, which is your energy, across time and space.

The only way out of this bind is to hold assets. Which is what central banks do when they “print money” - they buy assets - which injects liquidity into markets. So while central banks are accumulating assets, they are artificially inflating the prices of these assets and distorting the pricing signals in the market.

Bitcoin is the only asset immune to the reckless and predatory behaviour of central banks. Once you hold bitcoin, and you take it offline and store your keys in cold storage, it’s virtually the only property on earth that cannot be seized and taken from you. Where the purchasing power will be maintained across time and space.

This is a big deal. It’s hard to fathom how big this shift actually is. Sometimes i try to check myself and my conviction and challenge my views. Every time i do this, i almost always end up coming to the conclusion that i’m actually underestimating how big this shift actually is.

It’s upto you to decide for yourself. That’s how free markets work. Don’t get tricked by the narratives of central banks - the data speaks for itself.

Hope you have a great finish to your week, and I look forward to talking with you on Monday.

AK

I’m on a mission to get this information to as many people as possible. Please support this work by sharing, liking and following on twitter, youtube and instagram to help wake up as many people as possible and support the adoption of a system that enables humans to flourish! Appreciate you being here! 🧡

Twitter | Youtube | Instagram

Thanks for reading Bitcoin Unlocked! Subscribe for free to receive new posts and support my work.

This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit unlocked.substack.com