Bitcoin Is Activism

Many people feel a desire to help the Third World or those who are less fortunate than they are. I believe the natural human tendency is to want to help people or to stand up for what they believe is “right.”

In my lifetime there have been numerous pursuits for social change and campaigns to bring aid to countries in need. Extending that time beyond my 25 years on Earth and the campaigns of aid and social justice movements only continue to multiply. The desire to help others to bring about a “better” society is not a new idea, if anything, it is only increasing year over year.

A sad reality, one that I am actively learning about, is what it actually means for a country to receive support from either the IMF or the World Bank. This reality may surprise you and may be one you have never considered before. My learning recently has been heavily influenced by the works of Alex Gladstein, the Chief Strategy Officer at the Human Rights Foundation. I am currently reading his book titled Hidden Repression: How the IMF and World Bank Sell Exploitation as Development and recently watched his Bitcoin Conference Keynote speeches (for my immediate breakdown, click here!). The ideas in Hidden Repression almost exactly mirror the story told in Confessions of An Economic Hit Man by John Perkins, another book I recommend.

In an extremely short summary and getting back to the sad reality I spoke about above: Everything you think about the impact and desired outcomes of a more fortunate country helping a Third World country is the complete opposite of what actually happens.

Below are some excerpts that help paint this picture:

• “The rule of law doesn’t protect citizens from the manipulation of money. It protects those closest to the manipulation”

• “Let us remember that the main purpose of aid is not to help other nations but to help ourselves” –Richard Nixon”

• “In a structural adjustment loan, borrowers not only have to pay back principal plus interest: They also have to agree to change their economies according to World Bank and IMF demands.”

• “For every $1 of aid that developing countries receive, they lose $24 in net outflows” –Jason Hickel”

• “Today, the debt trap for developing countries is deeper than ever. Nigeria, for example, was forced to allocate 80% of its national revenue in 2022 to servicing debt”

I could provide countless more quotes, statistics, and examples to portray the idea that how the IMF and The World Bank operate is inherently guided by the desire to perpetuate a cycle that enriches creditor nations at the expense of the poorer nations, not fix poverty.

What we are told about helping other countries and being a source of economic relief is in reality a ploy to continue harvesting wealth from the underdeveloped world.

That is the sad reality of the world.

These loans and aid perpetuate a system where the autocratic rulers and oligarchs of the impoverished nations can receive wealth in the short term at the expense of the common man in their nations. These loans also perpetuate a path of currency devaluation and ultimately hyperinflation, further ruining the financial lives of the common man.

Bitcoin is a tool that flips this sad reality into one of optimism.

Bitcoin is a tool that can be, and is, used to disrupt these cycles.

Bitcoin skips over the requirement of maintaining a relationship with the IMF or The World Bank when it operates specifically as it was always intended to, as a peer-to-peer form of currency. Since Bitcoin cannot be printed out of thin air, it maintains a level of scarcity that fiat currencies cannot compete with. When citizens of the Third World and impoverished nations flock to Bitcoin, they are granted access to a currency that cannot be devalued overnight at the hands of inflation.

They suddenly achieve a level of financial stability that previously was impossible for them. They suddenly have a way out from the depths of poverty as their purchasing ability increases over time.

The freedom to purchase and save are rights that elevate the standing of a person in society. Bitcoin brings both.

A lot of activism is virtue signaling. A lot of activism can be considered “activism” where it is done merely to check a corporate box as “showing that they care about an issue.” But, helping people achieve financial freedom and financial literacy is real impact.

In aiming to have a true impact on the lives of the “have nots” or the “misfortuned” in this world I will argue that there is no better point of advocacy you can cling to than educating someone about the effects and impact truly sound money has. Bitcoin is the advocacy you should care about.

The more people that understand and use Bitcoin, the more people that suddenly live in a world of sound currency. The more people in this world, the less people that will suffer the effects of hyperinflation, currency devaluation, and loss of purchasing power on a whim.

Bitcoin is freedom money.

Bitcoin is for anyone.

Stack SATs.

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