Most things are obvious in hindsight, Bitcoin will likely go down in history as one of the best examples of that. In the grand scheme of things, it has taken very little time to go from worthless nerd money to one of the largest and fastest growing networks since the internet, with no signs of slowing down.
The rise of Bitcoin has introduced two important necessities for the modern day sovereign individual: security and privacy. Bitcoin wouldn’t be one of the most powerful forces for freedom without it’s censorship resistance, hand in hand with it’s privacy and security. These important traits of Bitcoin often get overlooked in the mainstream media, with all the hype mainly centered around price and scarcity.
The slow dismantling of currencies through inflation and fractional reserve banking is arguably the greatest sleight-of-hand in human history. In a society as globally connected as we are today, the inevitable blow up of fiat currencies will only solidify what anybody who has fallen down the Bitcoin rabbit hole sees them as: an unsustainable and evil experiment.
After we unpegged from gold in 1971 the repercussions have propagated throughout the strangest (albeit logical) benchmarks of a healthy society. The discovery of a digital sound money that can’t be seized, stopped, or inflated away will go down in history as one of, if not the most, influential and paradigm shifting events in human history. Bitcoin’s natural and organic growth throughout society is nothing but an unstoppable chain reaction of people having the “aha!” moment which every true Bitcoiner has been through before. This will only get faster as the next generation gets involved.
As of writing it is around 6 months since Bitcoin’s 3rd halving, and many speculate that we are entering it’s next bull cycle. That being said, we felt it was time to cement one of our core foundations before things get wild: being Bitcoin-Only. The allure and temptation of adding altcoins during this time may be too high to resist for some, but a strong point for everyone at paybtc is that being Bitcoin-Only is non-negotiable.
Simply put, paybtc is a service which allows you to instantly pay bills or pay bank accounts with Bitcoin. As the number of people who hold Bitcoin grow along with its dollar value, people will start to choose to use their Bitcoin savings to pay some of their bills or fiat denominated debt. One of the prevailing narratives of Bitcoin is that you should never spend it or sell it, however logistically for most people this isn’t feasible. Based on the simple principle that most people will need some kind of off-ramp, so we built the fastest and most efficient one in Australia.