He saw bitcoin’s future in 2011 — and wrote about it beautifully (Rick Falkvinge)

Full text: https://falkvinge.net/2011/05/29/why-im-putting-all-my-savings-into-bitcoin/

Favorite excerpts (verbatim, all mistakes mine):

(had to screenshot this:)

Screenshot 2024 06 14 At 7.47.56 pm

Use case: the key advantage for bitcoin is that it does away with all bureaucracy, all transaction fees, and perhaps foremost, all transaction delays and gatekeepers in the financial system.

Of course, this number assumes that nobody in Wall Street is greedy enough to want in on the value skyrocketing of bitcoin. In the real world, I am expecting investors to pump in more money into the system just to get their own share of that value increase. The sharks on Wall Street positively jump at the opportunity of seeing a 25% increase in their portfolio; we’re talking about a 100,000% increase here.

Bitcoin has appreciated like crazy, and as described, I predict it will continue to do so. There are already eight decimal places in the system. Please make it possible to use milli- and microbitcoins as soon as possible; bitcoin will continue to climb like crazy and may even accelerate. A currency where the smallest unit can buy you a small house is not practical for everyday use.