• This opinion editorial by Tim Niemeyer, co-host of the Lincolnland Bitcoin Meetup and an elementary school teacher, explores how our coercive fiat monetary system incentivizes less-than-optimal decision making.
• The article looks at how helicopter parenting is a symptom of living in a fiat system, where people in power have their own agendas and incentives.
• The author also explains how Bitcoin can provide long-term systemic change that isn’t beholden to any particular side or faction.
Exploring How Fiat Incentivizes Poor Decision Making
I’m Tim Niemeyer, co-host of the Lincolnland Bitcoin Meetup and an elementary school teacher. Being able to experience both these passions has helped me develop a greater understanding of each, particularly when it comes to exploring how our coercive fiat monetary system incentivizes less-than-optimal decision making and substandard relational habits… and maybe a little about how Bitcoin fixes this.
The Emergence of Helicopter Parents
In my almost two decades as an educator I’ve noticed the emergence of helicopter parents – those who fight their child’s battles, do their schoolwork, coach their coaches, keep their kids on a short leash, are a maid in their own house, play it too safe and can’t let their kids fail. These signs are all symptoms of living in a fiat system: one which allows humans to be in control of the money supply; one which sees people impose moral onto said money supply; one with high time preference actions due to inflation stealing time and efforts.
The Benefits Of Sound Money
Too few see that choosing red or blue or right or left doesn’t really provide long-term systemic change due to the fact that each side is beholden to their inherent system. Therefore I believe there are huge benefits to sound money not controlled by any particular faction – money like Bitcoin which can provide long term stability not controlled by any particular party or agenda.
Fiat Steals Time & Effort
Most everyone has justifications for their actions but everyone should know that our current monetary system steals time and effort via inflation which forces high time preference actions – something many don’t understand because they don’t experience its effects firsthand.
Bitcoin Fixes This Systemic Problem
By adopting sound money such as Bitcoin we can move away from this coercive fiat monetary system that incentivizes poor decision making and replace it with something more beneficial for all parties involved: stability provided by sound money not controlled by anyone party’s agenda; financial freedom from excessive taxation; economic empowerment through decentralization; improved relationships between generations through generational wealth transfers made possible with digital assets such as BTC; etc.. All things considered there’s nothing quite like having skin in the game when it comes to understanding why we need sound money like Bitcoin!