Should Liberals Consider Bitcoin? 8 Points of Why Bitcoin is Progressive
Bitcoin is often associated with conservative, libertarian, and heck even anarchist belief systems, but there are many reasons why liberals should consider Bitcoin as well.
Here are 8 points of why Bitcoin is progressive:
Bitcoin is Completely Inclusive
Anyone can use Bitcoin, regardless of their race, gender, religion, or nationality. This is in contrast to traditional financial systems, which can be discriminatory. For example, banks have been known to deny loans to people of color or people with low credit scores. Bitcoin does not have these problems.
Bitcoin does not discriminate and cannot discriminate. It is simply a monetary protocol. Anyone can participate in the Bitcoin network granted they have the ability to access an internet connection (I know there are some ways to store Bitcoin with an internet connection, but it goes far beyond the scope of practicality to mention here).
Bitcoin is a Potential Solution for Climate Change
Bitcoin mining can be done using renewable energy sources, such as solar and wind power. This could help to reduce our reliance on fossil fuels and fight climate change. Bitcoin mining requires a lot of energy, but it can be done using renewable energy sources. This means that Bitcoin could help to reduce our reliance on fossil fuels and fight climate change.
The key to understanding how Bitcoin can actually help climate change is understanding that Bitcoin helps incentivize the production of cheap clean energy. Texas is a great example, they have a lot of solar and wind power in the state. However, most of the energy goes to waste. By Mining Bitcoin, energy producers are able to create more clean energy, which would otherwise be unprofitable.
Bitcoin Promotes Diversity
The current demographics of Bitcoin users in the United States are part of the minority. This means that Bitcoin is helping to level the playing field and give everyone a chance to participate in the global economy. According to a study by the University of Cambridge, 40% of Bitcoin users are in developing countries. This shows that Bitcoin is not just for the wealthy or the privileged. It is a tool that can be used by anyone to improve their financial situation.
Bitcoin Banks the Unbanked
Bitcoin can be used by people who do not have access to traditional financial services. This includes people in developing countries, refugees, and the homeless. According to the World Bank, there are over 2 billion people in the world who do not have access to a bank account. Bitcoin can help these people to participate in the global economy and access financial services.
Bitcoin is good for immigrants
Bitcoin can be used by immigrants to send money home to their families without having to pay high fees. According to the Pew Research Center, there are over 25 million immigrants living in the United States. These immigrants often send money home to their families in their home countries. However, they often have to pay high fees to do so. Bitcoin can help these immigrants to save money by sending money home at a lower cost.
Bitcoin Promotes Democracy
Bitcoin can help to promote democracy by giving people a way to store their wealth outside of the control of governments. This could help to reduce corruption and oppression. In countries with corrupt governments, people often have to keep their money in cash because they are afraid that the government will steal it. Bitcoin can help these people to store their wealth in a safe and secure way. This promotes democratic values that are established for the benefit of the people, for the people, and by the people.
Bitcoin Enables Freedom of Speech
At its core, Bitcoin is a messaging system that assigns value to the messages between individuals. Bitcoin cannot be censored. There are many governmental systems in this world that deliberately try to censor the news and media, new ideas, religious freedoms, and businesses. Bitcoin helps to protect people who are speaking out against oppressive governments or corporations. In countries with oppressive governments, people often have to be careful about what they say. Bitcoin can help these people to speak out freely without fear of reprisal.
Bitcoin is Good for International Diplomacy
Bitcoin could help to lower the cost of wars by making it easier for countries to trade with each other. Currently, countries often have to use traditional financial systems to trade with each other. These systems can be slow and expensive. Bitcoin could help to make international trade faster and cheaper. This could help to reduce the number of wars that are fought.
These are just a few of the reasons why liberals should consider Bitcoin. Bitcoin is a powerful tool that can be used to promote progressive values.
Please read our disclaimer here regarding investment advice and risk. Disclaimer: This should not be construed as or relied upon in any manner as investment, legal, tax, or other advice. Please consult an appropriate tax or financial professional to understand your personal tax and financial circumstances. I may get compensated by some platforms mentioned below (because of referral links). Do your own research.