Bitcoin Use-Case Scenarios

Use cases written in response to Minneapolis Federal Reserve President Neel Kashkari said regarding Bitcoin, "I've not seen any use case other than funding illicit activities like drugs and prostitution.”

1. Hedges against fiat debasement (money printing). On February 11, 2009 Satoshi Nakamoto posted, "The root problem with conventional currency is all the trust that's required to make it work. The central bank must be trusted not to debase the currency, but the history of fiat currencies is full of breaches of that trust."
2. Insurance against sovereign default. “Why Every Fixed Income Needs To Consider Bitcoin As Portfolio Insurance,” by Greg Foss, Twitter @FossGregfoss
3. Ensures property rights with a capital flight contingency when using a private key (noncustodial). Examples: Ukraine. For the sake national security, Taiwan should make Bitcoin legal tender. Canada truckers.
4. Protects human rights.
   1. Censorship-resistant. Censoring Bitcoin transactions is effectively impossible.
   2. Second-layer transactions provide cash like privacy.
5. Best Store-of-Wealth, market cap grows forever comprising of: 
   1. Best stock-to-flow scarcity model (hardest asset).
   2. Network effect (Metcalfe’s law) for Bitcoin’s decentralized network.
   3. Network effect (Metcalfe’s law) for Bitcoin’s second-layers.
   4. Savings, time, work and energy increasingly flow to the hardest, most-scarce asset.
6. Best, medium-of-exchange for large transactions (Bitcoin network confirms, a verifiable transaction in about 30 minutes).
7. Best medium-of-exchange for everyday transactions. 2nd layer, Lightning Network confirms a transaction in less than 2 seconds and cost less than $0.01.
   1. More secure than Visa
   2. More private than Visa
   3. More inclusive than Visa
   4. More energy efficient than Visa
   5. More transaction capacity than Visa
8. By combining the three previous use-cases, it should be clear that Bitcoin (sats) will continue to displace fiats and become the preferred, global unit-of-account.
9. Remittance transaction reduced to less than a penny, a small fraction of Western Union and other International Money Transfer. Also a thousand times faster. Confirmation on Lightning Network is less than 2 seconds.
10. Inclusion of the unbanked, disenfranchised and subjugated. All you need is a phone for near-zero cost transactions and real savings (not nominal fiat savings).
11. Radical Inclusion.  When technology improves and the resulting savings are added to Bitcoin, hodlers benefit.
12. Reveals currency manipulation by approximating real exchange rates.
13. Inflation is a centralizing function against STEM deflation ... transferring wealth from the poor and middle class to centralized economy and crony financial class. Paraphrased from Jeff Booth. 
14. Decentralized Bitcoin separates money and state. Decentralizes centralized economies into a free-market monetary systems.
15.  Fiat is an environmental disaster. Bitcoin is the apex environmental solution. Bitcoin is our only hope for flipping Keynesian hyper-consumption to real savings and conservation. Proof of work is not the problem. Fiat advocates intentionally conflate using electricity and burning fossil fuel. Energy use is climate neutral. For the sake of humanity, do not conflate.
16. Proof-Of-Work (POW) accelerates renewable energy.
    1. Bitcoin mining ACCELERATES renewable build-out. Develops renewables (solar and wind)  that would otherwise not be developed. (Minimal transformer-transmission costs.)  
    2. Balance the load instabilities especially the instabilities inherent with  solar and wind. 
    3. The combination of utility power and Bitcoin mining reduces consumer cost.
    4. Reduces flared gas emissions, including methane. https://batcoinz.com/quantifying-the-potential-impact-of-bitcoin-mining-on-global-methane-emissions-4/
    5. Energy use must be studied in the context of securing the most decentralized ledger. Howe much is that worth?
17. Central Banks hold BTC to defend against speculative currency attacks.
    1. George Soros performed a speculative attack on the British pound in 1992 where he sold more than $1.5 billion of U.K. sterling. The British government withdrew from the Exchange Rate Mechanism.
    2. George Soros made over £1 billion in profit by short selling sterling.
18. Speculative Attack on USD. Example MircroStrategy issues USD notes to purchase BTC. Speculative Attacks may grow exponentially with corporations issuing USD notes for BTC and nations issuing USD bonds for BTC.
    1. Best hope to return to Free-Market interest rates.
    2. Fiat is broken and continues to drift away from free market forces.
    3. Money printing is transforming the U.S. into a centralized economy.
19. Fix price signal for stocks and commodities
    1. Equity valuations are increasingly distorted and monetized as fiat debasement accelerates. Bitcoin fixes misallocated investments.
20. Expand engineering and manufacturing.
    1. Debasing money, monetizes assets ... artificially inflating assets. Bitcoin as a store of wealth reduces asset monetization, improving competitiveness, including engineering, manufacturing. Circular fiat economy requires non-global reserve fiats to debase faster than USD. US labor is therefore not competitive.
21. Fix homelessness by demonetizing real estate.
    1. Since 1971, wealth inequality continues to widen. QE and money printing is the biggest wealth transfer to the financial class in human history. Money printing is bleeding the working class. Inflating housing, food, and fuel. The root cause of homelessness. We are in a large-debt cycle and Bitcoin will provide relief from the failing US Dollar.

Masquerades and obfuscations: 

Blockchain not Bitcoin. Beijing's favorite talking point.

Crypto is not general. It's just one, dependent element in the decentralized innovation.

There are many DINOs: Decentralized In Name Only.