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The importance of self-determination in today's economic environment

2025. Jul. 10. | Web3

Over the past decades, the majority of people have gradually outsourced control of their lives to third parties - be it health, information or even their finances. Banks, states and financial institutions have provided a convenient alternative, but in return, real financial control has gradually slipped out of the hands of the individual. For those who believe in individual sovereignty, financial self-determination and responsible asset management, Bitcoin offers an alternative.

The current global economic environment - which inflation, money printing, currency depreciation and the excesses of central banks - is making more and more people realise that a "trusted system" is not always in our best interests. A Hungarian forint is a good example: the deterioration of money means that the power of savings is diminishing year by year, and it is becoming increasingly difficult to preserve the purchasing power of our assets.

The economic developments of recent years - in particular the runaway inflation - have clearly shown that this model is less and less in the interests of individuals. Inflation is in fact a hidden tax that gradually devalues savings while the state profits from it.

How does the state benefit from inflation through the VAT system?

Take a basic product such as bread:

  • In 2015, a kilo of bread cost on average 270 HUF
  • In 2025 it will be 881 HUF - this is 226%an increase of

During this period, the official rate of inflation is from January 2015 to 2025: 76%

(Source: statmonitor.hu/inflacio-kalkulator)

Due to the 27% VAT rate in Hungary, the state has to pay more and more on expensive products wins more money, since the tax percentage is charged, so the more expensive a product is, the more money flows into the public purse.

This phenomenon is effectively a hidden, automatic asset transfers from the productive and consuming classes to the state, which many do not immediately perceive. Inflation is therefore rightly called by many free robbery, which hits working people hardest.

At the same time, a new option appeared: the Bitcoin, which is not inflated, manipulated, censored or controlled by anyone. Bitcoin fundamentally challenges the traditional monetary system and is a new, self-commissioned offers an economic model.

Unlike fiat currencies, Bitcoin has a predetermined supply, non-inflationary monetary system. For those who believe in individual sovereignty, financial self-determination and responsible asset management, Bitcoin offers an alternative.

Those who were critical thinkers in the past and did not go blindly with the crowd are now not only philosophically at technological and practical level can also implement autonomy: with their own wallet, their own node, their own rules. On self storage Bitcoin wallets and decentralised networks are not just technological tools - extensions of individual freedom and responsibility is also.

Financial self-determination is not easy. It involves responsibility, learning and listening. But the reward is that you are no longer dependent on systems that have proven time and time again that they are not in your best interests.

Until then: you have the key, you have the control, you have the future. 🟠

Csabi 🪞

Author

„I believe that the collective spirit of our community, which has power and voice, should be presented to the general public in a dignified manner.”

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