| submitted by /u/Jero123X
I may just be talking for myself here, but feel like we Bitcoiners are starting to wake up from this bizarre narrative (THEIR Narrative, and we all know who THEY are) that Bitcoin is some kind of digital asset 'investment' made in fiat to buy and sell (hopefully) in return for fiat profits.
It seems like the shortest time ago, Bitcoin was all about a peaceful silent revolution where, by simply buying what we could afford to lose and encouraging others to do the same and HODLing, we had a chance – maybe the only chance in human history – to remove the power of a select few to create money out of thin air to lord it over all of us and throw endless fake wars with it.
Then suddenly, we started 'getting rich', in fiat terms of course (our meager Bitcoin HODLings staying the same).
We got drunk on the euphoria. 'Real traders' with suits, the talking heads, the IMF, the rothschildes for god's sake – everyone in fact – raving on about the ROI of Bitcoin 'investments'. TA, buy low sell high, price predictions, lambos etc dominated our feeds and our thoughts.
We were duped.
THEY (and again, we know who THEY are) fooled us into viewing Bitcoin not as the revolutionary leaderless, censorship/gov resistant, borderless, permissionless and transparent form of exchange this world has NEVER had, but rather just another thing to buy with substanceless, permissioned fake fiat currency to 'get rich'.
In short, we all, bitcoiners and nocoiners alike, viewed the whole phenomena from the perspective THEY decided for us.
Not the perspective we were employing at the time – our perspective, our narrative. We allowed, in our own hearts and minds, OUR narrative to be replaced.
Then came the divide and conquer – the apparent 'scaling debate'. It took us by surprise. We hurried to study up on it (some more than others) and consequently chose 'our team' without ever realizing it was THEIR idea, this debate.
Their 'agreements', their fork, their version of Bitcoin ensued. We got sucked into battling with the gullible few who fell for it and who consequently (and understandably) dug in their heals to defend their erroneous decisions. We got side tracked, again, inTHEIR narrative. It bought them a lot of time and strengthened their successful narrative that made us view this phenomena as a fiat 'investment'.
Guess what, we are still standing, Bitcoin, the money badger don't care, it's still moving forward. When will we ??
Are we ready to drop THEIR narrative, THEIR perspective and get on with the revolution yet???
Our children, grand children etc are still depending on us.
https://www.cmi-gold-silver.com/article/gold-standard-inflation-fiat-money/ is the source of the quote.
I did some research on the value of the dollar over the course of US history (at least, as far back as I could find. What I discovered was that the value of the dollar relative to the *median* price of gold over the last 225 years has crashed significantly and not recovered twice. *Only* twice. Once was at the beginning of the great depression, and the other was the minute the gold standard was abolished.
Note: There was a scenario on a similar scale of the great depression during the Colorado Gold Rush of 1859, but this only applies to gold and I think this is due to peoples' tastes and preferences leaning towards gold. The gold rush must have affected demand more than supply, because the price nearly doubled. That's the only thing I can think of to explain it.
Regardless, the price of gold returned to the median in just a little under two decades — very short in the history of the US. Here are the excel graphs I made that caused me to discover this phenomenon. https://imgur.com/a/FpEVl0W