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  • Michael F. Gilbourne

BITCOIN TAROT - 8 OF CUPS

8 of Hearts


SPIRIT QUEST, LEAVING BEHIND, TAKING SPACE, RETREAT, TRAVEL


WHAT THE INITIATE,

Satoshi might be feeling walking along the narrow path letting go of Fiat for the search of the Grail on top of the mountain in the 8 of Cups card:


Am I going to find the grail? Do I have enough focus to direct all my energy into fulfilling my purpose?

Through letting go of the past I am giving myself the possibility to grow.


BITCOIN WORLD:

Fiat currency is a government-issued currency that is not backed by a physical commodity, such as gold or silver, but rather by the government that issued it. The value of fiat currency is derived from the relationship between supply and demand and the stability of the issuing government, rather than the worth of Gold backing it. Most modern paper currencies are fiat currencies, including the U.S. dollar, the euro, and other major global currencies.

  • One danger of fiat currency is that governments can print too much of it, resulting in hyperinflation.

In contrast to commodity-based money (Hard Money) like gold coins or paper bills redeemable for precious metals, fiat money is backed entirely by the full faith and trust in the government that issued it.

Bitcoin is digital gold and is backed by the electrical power used to protect, secure, balance transactions. In that manner Bitcoin has become the most flexible, fastest, strongest, secure hard money that ever exited before.


Letting go, retreat, moving on

Time to make a choice. Are you ready to turn away from Fiat currencies or choose Hard money!


Learning about the history of money & currency is needed. Take some time learning more about the difference.

Mike Maloney has the best videos on YouTube. Here is the link so that you can dive deep into the subject.


ARTICLES:

https://www.investopedia.com/terms/f/fiatmoney.asp


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