Are you a progressive, and skeptical of Bitcoin as a progressive force for good? This thread is for you
Why Bitcoin is the Most Progressive Tool of the 21st Century 🧵
Why Bitcoin is the Most Progressive Tool of the 21st Century 🧵
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Over 1.4 billion adults globally lack access to basic financial services. Bitcoin empowers anyone with an internet connection to participate in the global economy without needing permission from banks or governments.
Centralized systems concentrate power in the hands of a few. Bitcoin’s decentralized network puts financial sovereignty back in the hands of individuals, breaking down systems of control and fostering grassroots empowerment.
Bitcoin allows individuals to transact freely, regardless of location, nationality, or political affiliation. In a world where financial systems can be weaponized, Bitcoin provides a lifeline for activists, dissidents, and marginalized groups.
Inflation disproportionately impacts the working class and those with limited access to stable currencies. Bitcoin, with its fixed supply of 21 million coins, is a hedge against inflation and wealth erosion caused by irresponsible monetary policies.
The global remittance industry charges an average fee of 6.3%. Bitcoin enables near-instant, low-cost, borderless transactions, allowing migrant workers to send more money home without losing it to middlemen.
The Bitcoin blockchain is a public ledger, enabling anyone to audit and verify transactions. This level of transparency can combat corruption and ensure accountability in ways traditional financial systems cannot.