The most impressive experiment in terms of inflation

We are so excited to be able to witness the third Bitcoin halving. As central banks across the world are printing record amounts of money, Bitcoin simply continue doing what it was programmed to do: reduce the minting of new bitcoin by halving the mining reward from 12.5 BTC per block to 6.25 BTC per block. Reaffirming what we have known from the start — bitcoin is a steadily increasingly scarce resource.

What most of us don’t realize is that while Central Banks can create as much money as they want, they can not guarantee the buying power of this money.

When we look at the Bitcoin there are some similarities, however, there is a rule for its creation. A rule that can not be corrupted. A rule that takes care of the demand.

On the opposite direction, Central Banks who should be the experts on this matter, those institutions who take care of our money, who meet often to think of new monetary solutions, who decide whether interest rate should go up or down, those people keep increasing more and more the monetary offer. That’s maybe the reason why with $1 dollar, 11 years ago, today we would need at least $3 dollars to buy the same amount of things. This is what we call a buying power destruction!

While Bitcoin, which is criticised by many, if we take the year after year performance, it is consistently going up and buying power has always increased.

This is impressive!

A decentralised environment, distributed, without a central authority intervention, that follows the set of rules voluntarily. Whenever there is crash in Bitcoin, there is no circuit breaker. There is not a single intervention. Things will simply and naturally get solved as the network keeps running by itself.

This is a genuine market. A place where people interact with each other, voluntarily and independently, exchanging one thing for another, without oppression nor obligation.

That’s why we believe that Mr. Satoshi Nakamoto should earn the Nobel Prize for Economics, because he has created the best and most impressive experiment, the most successful in terms of inflation. Which is working for more than 11 years, decentralised and synchronically!

Congratulations Satoshi Nakamoto!