• Tim Niemeyer is an elementary school teacher and a co-host of the Lincolnland Bitcoin Meetup.
• He believes that the current fiat monetary system incentivizes less-than-optimal decision making and substandard relational habits.
• He thinks that using sound money like Bitcoin can help fix this problem.
The Advantages of Bitcoin over Fiat Money
I’m Tim Niemeyer, a teacher by day and a Bitcoiner by night. Teaching music to elementary students is something I truly enjoy, as it allows me to share my passions with others, just like hosting the Lincolnland Bitcoin Meetup. But my appreciation for Bitcoin has also given me a unique perspective in my work as a teacher, which I wanted to share with you today.
The Effects of Fiat Money
Living in our current fiat monetary system incentivizes less-than-optimal decision making and substandard relational habits due to its ability to be controlled by those in power who have their own agendas and incentives. This has led to the emergence of „helicopter parents“ who fight their children’s battles, do their schoolwork, coach their coaches, keep them on short leashes, play it too safe and can’t let them fail – all products of living in a fiat system where people impose their morals onto the money supply.
Choosing between red or blue or right or left doesn’t really provide long-term systemic change due to each side being beholden to its inherent system; however, using sound money like Bitcoin can offer solutions for these problems since it’s not controlled by external forces and encourages low time preference actions instead of high ones.
Having experienced both teaching and cryptocurrency simultaneously has helped me develop a greater understanding of each field which gives me an interesting perspective when looking at these issues together. I believe that most everyone has justifications for their actions but sadly don’t see the benefits we Bitcoiners see when it comes to sound money that isn’t controlled by external forces.