• The author is a teacher and co-host of the Lincolnland Bitcoin Meetup, and he believes that the current fiat monetary system incentivizes less-than-optimal decision making and substandard relational habits.
• He has observed the emergence of helicopter parenting, which he attributes to living in a fiat system.
• The author proposes that using sound money such as Bitcoin can help to fix these systemic issues.
The Impact of Fiat Money
I’m a teacher by day and a rabid Bitcoiner by night. I currently teach elementary music, and I truly love my job. It’s similar to being the co-host of Lincolnland Bitcoin in that I get to share my passions (music and Bitcoin) while potentially helping others develop a deeper appreciation for and better understanding of each. Being able to experience both simultaneously has helped me be able to develop a greater understanding of each. Appreciating Bitcoin has also given me unique insights into our coercive fiat monetary system, which incentivizes less-than-optimal decision making and substandard relational habits.
Effects on Parenting
My observations as an educator have shown me how this system affects parents’ behavior; WebMD lists signs such as fighting their child’s battles, doing their schoolwork, coaching their coaches, keeping their kids on a short leash, playing it too safe or having difficulty letting their kids fail. This type of behavior is often caused by living in an inflationary economy where your time and efforts are stolen from you through taxes or other means; because they don’t see the benefits of sound money like Bitcoin, few people are willing to make long-term systemic changes regardless if they choose red or blue or right or left options.
The Benefits of Sound Money
Bitcoiners recognize the advantages that come with having access to sound money: these include low transaction costs, greater financial privacy/security/autonomy, censorship resistance etc., all while avoiding manipulation from those in power who have their own agendas when it comes to controlling currency supply. Additionally, decentralization allows users more control over their finances without third parties interfering with private transactions; this helps mitigate moral hazard risks associated with trusting centralized authorities with our hard earned money..
Conclusion
In conclusion, I believe that embracing sound money like Bitcoin is essential for improving our current monetary system which encourages poor decision making and bad relationships between parents & children due to its inflationary nature. In addition to providing users with access to secure transactions with low fees & high privacy levels without third party interference; it also allows us more autonomy over our finances away from potential manipulation from those in power who want control over currency supply.
Takeaways
• The current coercive fiat monetary system incentivizes less-than-optimal decision making and substandard relational habits between parents & children due to its inflationary nature • Embracing sound money like Bitcoin is essential for improving this situation as it provides users with access to secure transactions with low fees & high privacy levels without third party interference • Decentralization also allows us more autonomy over our finances away from potential manipulation from those in power who want control over currency supply