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Fiat money is unsound money
   Because governments can print
      More of this money at low or no cost
         The printing of more money is so easy
            That those in power can never resist the
               Urge to create new money for their use
                   The fiat supply remains unpredictable
                       Therefore
                    Let’s use a money with known supply
               The solution is to create a limited money
            That has a cost to the creation of units
         This money would be sound if no group
      Or person has the option to issue new
   Money beyond what was programmed
You can see this poem on a background here https://www.bitcoinpoems.pro/delivery045SoundMoney.html.  This is the ninth poem in the problems and solutions series.
Refrain from playing the looter
Or the parasite who takes
But always remain a builder
And known as one who makes

Yes build your life, proud and true
This is the Bitcoin way
Though looters claim we owe them
As Ayn Rand used to say

The looters count on Atlas…
That he’ll hold the world in place
But one day he will simply shrug
And the world will fall through space

Stand a maker, not a looter
Though the looters grow in size
Yes, swear by your love of life
That looting you’ll despise

Resist the urge for easy life
Prove strong as a woman or man
For either you’re a looter
Or you build everything you can

Our hands work and our minds conceive
And freely with others we trade
And let’s convert some looters
And end the looting charade
You can see this poem on a background here https://www.bitcoinpoems.pro/delivery044BuildersVsLooters.html
Modern Monetary Theory (MMT) claims
   That money must be managed or controlled
      Actively setting a price (and supply) of money.
         Artificially low or high interest rates lead to loss
            Of signal which leads to misallocation of capital
               Which leads to market bubbles and collapses
                  Therefore
               Let’s use a money that can never be distorted
            In either price or supply by any group at all
         This will be a money that gives true signals
      About capital allocation to needed projects
   Based on free market principles and work
What money can’t be distorted?  Bitcoin
You can see this poem on a background here - https://www.bitcoinpoems.pro/delivery043Distortion.html.  Inspired by Jack Mallers
Traditional financial systems often
   Charge high fees for many services
      Especially certain types of transactions
         Such as remittances, credit card payments
            Wire transfers, and late payment charges
               Remittances alone charge 6 percent of the
                  Amount sent globally from one to another
                     Therefore
                  Let’s save billions of dollars for real people
               By moving to a system with much lower fees
            For transferring money anywhere on earth
         Bitcoin’s transaction fees are quite small
      Especially when using lightning protocol    
   Imagine the savings and the freedom
As billions start using Bitcoin soon
You can see this poem on a background here - https://www.bitcoinpoems.pro/poems/BitcoinPoem042Fees.jpg
Physical cash transactions are final
  But in the digital world non-reversible
      Transactions have not been possible
        Since financial institutions cannot avoid
            Mediating disputes which prevent finality
              The cost of mediation slows enterprise
                  And makes trade and finance complex
                    Therefore
                  We need an electronic payment system
              Based on cryptographic proof, not trust
            Allowing any two parties to transact directly
        With irreversible transactions based on a
      Distributed timestamp server to generate
  Proof of the chronology of the transactions
And thus finality. The solution is Bitcoin
You can see this poem on a background here - https://www.bitcoinpoems.pro/delivery041Finality.html
Current money systems usually collect
   Lots of personal information about users
      This information can be vulnerable to hacks
         And also identity theft, control, and censorship
            Many people do not want sensitive personal
               Information and documents stored online
                  Therefore
               Since it’s not criminal to want some privacy
            Let’s use a money system that doesn’t require
         Personal information simply to use money
      And doesn’t require submitting documents
   Which remain on vulnerable databases
We have this money now, in Bitcoin
See on a background at https://BitcoinPoems.pro
Fiat money relies on intermediaries
   Such as banks and government entities
      To facilitate transactions and keep records
         And ensure the integrity of the money system
            This system requires trust to make it function
               Yet the history of fiat currencies is replete with
                  Breaches of that trust - breaches of integrity
                     Therefore
                  Let’s move to a new money not based on trust
               With no reliance on any centralized authority
            But peer to peer verification through code
         Made secure by a decentralized network
      Allowing any and every user to validate
   Their own (and all) money transactions
This is Bitcoin.  Don’t trust, but verify
This is Poem 039 at BitcoinPoems.pro. You can see it on a background there, and sign up for each new weekly poem.
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