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2008: the banks are bailed out. Weeks later, Satoshi proposes cash with no trusted third party.
Fiat currency breaks its promises. Bitcoin keeps its rules.
The whole story, in under two minutes.
thebitcointransition.org/?ut…
US GDP, 2010 to 2025:
In US dollars: +105%
Official real growth: +43%
Measured in gold: −27%
More than half of the headline growth was the dollar losing value.
thebitcointransition.org/blo…
A New Zealand dollar saved in 1971 buys about 5 cents' worth today.
How money that keeps losing value runs through housing, families and saving, and how bitcoin fixes it:
thebitcointransition.org/blo…
12 words from a list of 2,048. No one can guess them, but anyone can copy them.
Never type them in. Never photograph them. Never share them.
thebitcointransition.org/lea…
A bitcoin wallet doesn't hold coins. It holds keys.
Hot for spending. Cold, in multisig, for savings. Practise recovery with a small amount first.
thebitcointransition.org/lea…
Over the ten years to 2025, the OECD grew 52% in US dollars and 21% by the official real measure.
Measured in gold, it shrank 49%.
Not one of the 38 members grew in gold. Find your country:
thebitcointransition.org/blo…
Money in a bank is the bank's IOU. A balance on an exchange is a claim.
Bitcoin is the first digital money you can hold yourself.
Not your keys, not your coins. Free course:
thebitcointransition.org/lea…
The Fed says it plainly: a dollar note can't be swapped for gold.
What backs the dollar? A promise. And bitcoin? A rule.
thebitcointransition.org/blo…
In US dollars, the 38 OECD economies grew 59% from 2010 to 2025.
Measured in gold, the same output shrank 43%.
Over the last ten years, not one of them grew in gold.
That's the fiat illusion. A short film, and every country's data:
thebitcointransition.org/blo…
How do you buy a coffee on money built for settlement?
Open a channel, pay again and again almost instantly, settle once on the chain.
Spend on Lightning, settle on the chain.
thebitcointransition.org/lea…
How do you stop someone spending the same digital coin twice, without a bank?
A race to find a hash: hard to find, easy to check.
Fiat is typed into being. Bitcoin is earned by work.
thebitcointransition.org/lea…
Where does 21 million come from, and what stops anyone raising it?
Add up every block's new coins, halving every four years. The cap isn't a promise: it's arithmetic anyone can check.
thebitcointransition.org/lea…
"The root problem with conventional currency is all the trust that's required to make it work." Satoshi Nakamoto, 2009
What bitcoin was built to solve. Free course:
thebitcointransition.org/lea…
What does money that keeps losing value do to prices, plans and saving?
Hayek, Mises, the boom and the bust, and the economists who disagree.
Money by rule, not by committee. Module 4:
thebitcointransition.org/lea…
The same 9 everyday items in Britain, 2019 to 2024: 26% more in pounds, 86% fewer sats.
Life gets cheaper in bitcoin. History, not a forecast.
Every item, every figure, sourced:
thebitcointransition.org/cos…
Who creates money? Mostly banks, when they lend. In Britain in 2013, 97% of money was bank deposits.
Fiat currency: created by lending. Bitcoin: issued by rule.
Free course, module 3:
thebitcointransition.org/lea…
Stone money on Yap. Gold. The dollar's gold link, cut in 1971. Bitcoin's halvings.
Money lasts when no one can cheaply make more.
Free course, module 2:
thebitcointransition.org/lea…
Money has three jobs and needs six qualities.
Gold is scarce but heavy. Fiat currency is easy to carry but has no limit. Bitcoin: scarce, easy to send, easy to check.
Free course, module 1:
thebitcointransition.org/lea…
Fixing the money, and moving to hard money fixes immigration. Why don’t think all these countries and letting people in? Because they are running massive deficits and need more people / tax payers to try and increase their tax revenues. This solves immigration and inflation.


