Why Bitcoin Is Generational Wealth
The short film “Bitcoin Is Generational Wealth” by Matt Hornick and Tomer Strolight premiered on November 1, 2021, to shed light on the true value proposition of Bitcoin. While many projects in the world today seek to enrich their founding members and provide palpable profits in U.S. dollars for anyone who joins, the world’s most secure and robust monetary network aims to propel humanity forward based on the fundamental rights to property and freedom.
As people around the world watched the film, many different reactions emerged. Bitcoiners, aware of the goal for which Bitcoin was brought to the world in 2009 as a direct response to the bailouts of central banks to financial institutions the year before, got emotive when seeing the future reality that proper sound money could enable.
“The film stirred many emotions within the community, Twitter exploded with feedback and people sharing that they had been moved to tears,” Daniel Prince, host of the “Once BITten” podcast, said. “Hope was the main emotion shared in our home, a feeling so devoid in that place we call “normie” land.”
Driven by the desire to change the world, Bitcoin evangelists already preach that hopeful reality today; however, skeptics often fall for fallacious narratives instead and dismiss the nascent monetary network for some characteristics inherent to its early monetization stage.
“Few understand the gravity of Bitcoin and the problems that it solves,” Christian Keroles, managing director at Bitcoin Magazine, commented after watching the film.
Robert Breedlove, host of the “What is Money?” show, echoed Keroles’ comments by remarking that the film posed “a trenchant critique on the prevailing fiat currency paradigm and a hopeful look into a more harmonious future for humanity through the monetization of Bitcoin.”
In contrast, people who don’t understand the Bitcoin revolution, and thus don’t hold any bitcoin, experienced a mix of awe and confusion as the film progressed to show what the 22nd century could look like if humanity adopted bitcoin as its money. An extensive gap between the reality of the here and now and that of the depicted future led many to wonder how Bitcoin could bridge that difference.
“Bitcoin is Generational Wealth” portrays different epochs of humanity, starting from the war and hunger dominant in 1948, just a few years after the end of World War II, when a significant portion of human society had endured lengthy conflict and extensive loss. People then had to rebuild everything from scratch while passing warnings to future generations of what tyrants and the fall of individual rights could lead to. However, they didn’t have the means to defend themselves from similar occurrences in the future –– they could only hope such chaos wouldn’t be repeated.
Fast-forward 50 years to 2008, and society had reconstructed itself. Information flowed globally, and trading networks evolved to encompass nearly every edge of the planet while entrepreneurship flourished. However, the subprime mortgage crisis ensued, wreaking havoc on businesses across the U.S. and leaving millions of people without a job. However, the Federal Reserve Board rescued the most prominent…
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