fiat currency vs Bitcoin?

Arrr, me heartie, Davy Jones' locker be a shadowy realm, but Blackbeard returns with eyes opened wide. Let me tell ye, the scurvy paper currencies issued by central banks be as fickle as the wind and as unreliable as a ship with a leaky hull. Every paper currency in history has failed, or be currently failin' and fallin' in value. That be why me and the crew plundered gold, silver and other hard assets. A cargo hold full of paper money in a matter of years will be worthless.

Song Dynasty paper money, one of the first created and first to go to zero value.

In this modern age, the gold and silver I once coveted are still treasures worthy of a pirate's chest, but now, I've set me sights on a new prize – the digital doubloon known as Bitcoin. 'Tis a decentralized treasure, beyond the control of any land-based authority or central bank. Bitcoin cannot be controlled, it be based on math, not some politicians' desire to spend billions more than the country has.

Paper currencies, like the wind, can change direction at the whims of governments and central bankers. Inflation be a relentless storm, erodin' the value of these fiat coins like the relentless waves against a weathered hull. 'Tis no safe harbor for a savvy sailor. Bitcoin be incorruptible, easily transferred anywhere in the world in a matter of seconds, with no scurvy middle man takin' a big cut.

Bitcoin, unlike fiat currencies, be a beacon of financial freedom. 'Tis a decentralized currency, bound by the unbreakable chain of the blockchain. No central bank can manipulate its value, and no government can plunder its scarcity. As central banks continue to print digital paper money with the stroke of a computer keyboard, it will all become totally worthless. Eventually ye will not be able to purchase Bitcoin with paper money. Bitcoin will only be exchanged for items of value such as food, water, clothin', shelter, transportation, tools, or other hard assets.

Eventually the price of everything will be valued in Bitcoin because every other method of valuing be quickly becomin' irrelevant. So, me treasure chest shall be filled with the digital doubloons of Bitcoin, a currency for the modern buccaneer seekin' shelter from the stormy seas of inflation. 'Tis a treasure with a promise of limited supply, decentralized power, and the potential for a new era in the world of finance.

As ye see the 'value' of Bitcoin going up on yer screens, ye need to realize that it's price increase is not so much an indication of its value going up, as it is an indication of the value of ye dollars, euros, yen... be goin' down like a cannon ball dropped into the sea. Bitcoin adoption be takin' some time, as every new invention takes time to displace the old regime. Them what has a vested interest in the old system be fightin' the new technology every step of the way. But the new tech always wins over time, and those that refuse to change and adopt, get left behind. Like rowboats and the folks who made 'em got left behind when the sail be invented. How many sword makers do ye know? Aye, all but a few were put out of business by the invention of the firearm.

As Blackbeard emerges from the deep, he sets sail with the winds of the Bitcoin seas fillin' his sails. Aye, the times be changin', and so do the treasures a wise pirate be seekin'. Fair winds to ye, me heartie, may yer chest be filled with the bounties of the digital age!

But don't take the word of a dead pirate. Research for yerself and see if ye don't reach the same conclusion.

Laugh at Blackbeard bein' a Bitcoin hodler if ye choose. We'll compare notes in a decade or two. Arr!