Copy post — Tela Network

Why Bitcoin matters
StJohn Piano
16 March 2026
Post #111
http://tela.network/forum/111/

Bitcoin is the first modern monetary system that is outside of the political control of any state.

In the pre-modern era (earlier than the French Revolution), gold (and to some extent silver) was above the state. If the state issued too much currency, its value would visibly decrease relative to gold.

However, tech advancement caused gold to become too difficult to protect on a small scale. Gold centralized into a few major locations inside states. It became impossible for an individual to escape the effect of money printing.

Inflation is effectively another tax. (It also destroys the measuring stick that we use for value, and therefore for business.)

For most young people, a house is out of reach. This was one of the only remaining ways to escape (somewhat, and badly) the debasement of inflation.

For the next 15-30 years, despite the scams / fear / uncertainty / doubt, I think that Bitcoin will remain the most achievable method available to a young person to save for the future.