Fiat Money Is Your Comfort Zone, Bitcoin Is Your Growth Zone
You need to make a choice for your future.
You probably already know that in order to achieve great things in life, you absolutely must make the decision to step outside your comfort zone.
The comfort zone is the one that makes you feel in complete control of your entire environment. This applies both on a personal and professional level.
In this famous comfort zone, you are no longer afraid to fail because everything you do is perfectly controlled. Reading this definition of the comfort zone, you can easily understand why so many people spend their whole lives without even thinking about getting out of it once.
Yet, as long as you stay in your comfort zone, you won’t be able to accomplish anything extraordinary.
In order to do extraordinary things, you will have to dare to go outside your comfort zone in order to reach the growth zone. For people who are used to living in comfort, this process is never easy, but it is necessary.
I firmly believe that the current monetary and financial system in which many indulge is your comfort zone. In order to evolve and do great things in the future, you are going to have to absolutely leave that comfort zone to reach the growth zone.
Bitcoin, which is the only credible alternative to the current system in the years to come, is this growth zone that will allow you to move up a gear in the future.
Fiat Money Is Your Comfort Zone
You live in the United States, Canada, or Europe. You were lucky enough to win the big draw of life by being born in a rich country. In fact, the current monetary and financial system seems protective to you.
Fiat money is your comfort zone.
You followed the path set out by the society for you. You were a good student in high school and then went on to college.
Your university degree gave you a good job that can pay you a six-figure salary.
The 9-to-5 job you do has allowed you to afford a nice and big house on credit.
To complete this picture, you bought a beautiful car. It’s a family car because you got married and had two children.
You have the dream life, or at least the life that the society sells you as a dream.
Why would you go outside this comfort zone?
The current monetary and financial system, with the almighty U.S. dollar at its centre, has its flaws, but since you benefit from it, you don’t want to look any further.
You are right in your comfort zone.
That’s nice, but as long as you stay there, nothing extraordinary can happen to you.
You’re Afraid to Leave a System You’ve Known All Your Life
Your life seems idyllic to you. Sometimes you see the news on television or in the newspapers. You see that people in poor countries suffer oppression from authoritarian regimes.
You are aware that the current monetary and financial system is increasing every day the inequalities between rich and poor in this world.
You are concerned that this system can produce such a level of inequality in the world.
Simply looking beyond your comfort zone scares you.
You tell yourself that you have been lucky and that you are not able to look for a system that would be better for everyone.
You love the U.S. dollar for everything it allows you to buy and own.
On the other hand, the few times you try to talk to your friends about these problems, most of them make fun of you and call you fancy.
You are affected by what other people think of you, and so you prefer not to go beyond this fear zone.
Your lack of self-confidence forces you to stay in your comfort zone.
Nevertheless, the more time goes by, the more you want to go beyond that and understand more about money.
Finding Out How Money Works Is an Absolute Eye-Opener
After much hesitation, you decide to interest you on money and understanding how it works. You had always felt that all this was too complicated for you, but today you are determined to learn.
Your entry into the learning zone is an absolute revelation to you.
You will discover the Bretton Woods Agreement that shaped the post-World War II world in 1944.
The world monetary system was then organized around the U.S. dollar but with a nominal peg to gold.
The United States left itself a way out since it had the possibility of defaulting on its external accounts.
As you delve deeper into your research, you then discover how and why Richard Nixon ended the convertibility of the U.S. dollar into gold on August 15, 1971.
Signed in early 1976, the Jamaican agreements put a definitive end to the fixed but adjustable pegged monetary system.
They officially confirmed the abandonment of the international legal role of gold.
Since then, the U.S. dollar has established itself as the world’s reserve currency.
Since the United States has no constraints, it has the ability to increase the money supply in circulation whenever it wants without any limits.
And for the past 40 years, the United States has been spinning the billboard.
According to the U.S. Bureau of Labor Statistics, current prices are 212% higher than average prices in 1980. Thus, the U.S. dollar has experienced an average inflation of 2.96% per year over the past 40 years.
The real value of the U.S. dollar has declined steadily since 1980.
An American must therefore have $312 in his possession in order for his buying power in 2019 to be equivalent to his buying power of $100 in 1980:
In other words, the U.S. dollar of 2019 lets you buy less things than the U.S. dollar of 1980.
To fully understand the loss of buying power that you are experiencing, this second graph shows the evolution of a $100 buying power over time since 1980:
U.S. dollar’s value evolution over the last forty years clearly shows that you have no guarantee that 1 USD = 1 USD for the future.
The U.S. dollar is devalued year after year by central bankers’ decisions to further increase the money supply in circulation.
Unfortunately, the people have no say in these arbitrary decisions that devalue what they own.
In 2020, a person who would believe that 1 USD = 1 USD is a guarantee for the future would be either a fool or a person with blind faith in the commercial banks, the Federal Reserve, the Department of the Treasury, the President of the United States or the Congress.
In view of past events, this person would probably be a madman!
Now you feel that the current monetary and financial system is flawed.
You’re less impacted than people in poor countries at the moment.
But you understand that it will not necessarily continue like this for much longer in the future.
An alternative to the current system must emerge.
Bitcoin Appears to Be Your Only Chance to Regain Power
You are still in the learning zone and are now looking for alternatives to the current monetary and financial system.
You have already heard about Bitcoin and are now ready to take the risk of finding out what Bitcoin is.
Your comfort zone doesn’t feel as nice to you anymore and you want something better for your future life.
You download Satoshi Nakamoto’s white paper on Bitcoin. The title of this white paper appeals to you.
Bitcoin is described as “A Peer-to-Peer Electronic Cash System”.
As you go through this white paper, you may wonder why you didn’t make the effort to find out what Bitcoin is earlier.
Don’t blame yourself, you just weren’t ready.
Now you are, and you are amazed to understand first-hand how Bitcoin works.
You shouldn’t. Bitcoin is what the current monetary and financial system should have been.
It is simple and accessible to everyone. Money should not be reserved for an elite.
Everyone needs to be able to understand how money works, and Bitcoin does just that.
The fact that Bitcoin exists in finite quantities, set at 21 million, shocks you at first.
Then you understand that scarcity is the best way to give value to Bitcoin.
This property is written into the heart of the Bitcoin source code and guarantees that 1 BTC you own today will always be equal to 1 BTC of 2100.
Bitcoin protects what you own better than the U.S. dollar ever could.
Better yet, Bitcoin has no leader as Satoshi Nakamoto chose to remain anonymous and gave it to the world as a gift.
No one can stop Bitcoin. No one can stop you from making transactions on the Bitcoin Blockchain.
What you own in Bitcoin really belongs to you.
Bitcoin is clearly a revolution that gives power back to the people.
When you discover the process of updating Bitcoin’s source code, you are convinced that Bitcoin is a true democracy.
As a pseudonymous network, Bitcoin also allows you to guard against the surveillance society that many countries are starting to set up.
Future developments of Bitcoin, such as the Lightning Network, will further preserve your anonymity.
As an inhabitant of a rich country, you are now convinced that Bitcoin is your best alternative to replace the current monetary and financial system.
You are in the growth zone.
However, you have one last doubt: can Bitcoin be more than just a Plan B in the future?
As you read on, you will discover that Bitcoin is already a Plan A for millions of people in countries under authoritarian regimes.
Bitcoin is already making a huge difference in Venezuela, Zimbabwe, Brazil and Afghanistan. This countries’ list is far from exhaustive.
It is clearly no coincidence that Bitcoin’s adoption rate is the highest in such countries.
Bitcoin is the best bulwark for millions of people to protect what they own from the oppression of authoritarian and corrupt rulers.
By deciding to switch to Bitcoin and support its revolution, you are really entering your growth zone.
The great thing about Bitcoin is the fact that you’re in your growth zone doesn’t come at the expense of others.
Bitcoin benefits you, but it also benefits people in poor countries.
Bitcoin adapts to the needs of its users allowing it to benefit everyone at the same time.
In building a fairer world for the future, Bitcoin must enable the world to enter a growth zone by giving everyone a chance to benefit from this new system.
Evolving is never an easy thing in life. Yet you know in your heart that it is the sine qua non for achieving great things. The comfort zone is attractive because it allows you to stay in your small daily comfort.
The fiat money, and the associated system you currently enjoy, is your comfort zone.
However, little by little, without you realizing it, this system devalues what you have and challenges your comfort zone.
You will therefore have to make the decision to evolve for reaching the growth zone. This will force you to fight the fear of newness. Bitcoin can be scary at first with everything its opponents say about it.
If you dare to go beyond this fear zone to understand what’s wrong with the current system and how Bitcoin addresses it, you will be able to fully enter your growth zone.
A new growth zone because it will benefit you by giving you back full control over what you own, while helping to build a fairer world for all.