"Bitcoin Gospel" Documentary: Governments Abandoning the Moral Duty to Preserve Currency Value

The documentary "God Bless Bitcoin" explores the history and current state of the monetary system, emphasizing the issues with fiat currency and the advantages of Bitcoin. The film examines the economic and political impacts of centralized currency and presents Bitcoin as a revolutionary alternative.

Historical Background: Abandoning the gold standard, giving rise to currency inflation

• A documentary nostalgically mentions a time in the past when a single income could support a large family, contrasting it with the current economic challenges.
• It discusses how U.S. President Nixon decided to detach the U.S. dollar from the gold standard in 1971 to fund the Vietnam War, leading to the decoupling of gold from currency and the beginning of currency inflation.

Spoiler Alert: Inflation and Its Effects

• The film explains two types of inflation: physical inflation caused by natural disasters and monetary inflation caused by an increase in money supply.
• It emphasizes that most inflation is monetary inflation, leading to currency devaluation and a decrease in purchasing power, disproportionately affecting ordinary people.
  
  1. Critique of Fiat Currency

• The documentary criticizes the current fiat currency system controlled by political organizations, leading to irresponsible financial decisions and economic instability.
• It argues that inflation benefits the elite but harms ordinary workers, creating an unfair system.
  
  2. Bitcoin as a Solution

• Bitcoin is presented as a decentralized, transparent, and incorruptible form of currency, solving the problem of "double spending" and enabling peer-to-peer transactions without intermediaries.
• It is described as a tool for economic empowerment, allowing individuals to take control of their finances and guard against government surveillance and scrutiny.
  
  3. Ethical and Social Impact

• The documentary defends Bitcoin from an ethical standpoint, arguing that it promotes fairness, equality, and justice by removing political influence from money.
• It portrays Bitcoin as a way to combat systemic issues such as malignant inflation, economic collapse, and government overreach.
  
  4. Global Perspective

• The film discusses the global impact of Bitcoin, emphasizing its potential for empowering individuals in politically and economically unstable regions.
• It compares Bitcoin to religious principles of justice and equality, suggesting that Bitcoin aligns with values found in various faiths.

The documentary "Blessed by Bitcoin" argues that the current fiat currency system is flawed and unsustainable, leading to economic inequality and instability. Bitcoin is presented as a revolutionary alternative, offering transparency, fairness, and individual empowerment. The film concludes that adopting Bitcoin could lead to a more just and stable economic future.