When I first started writing this blog, the price of a single bitcoin was around $230 or so. Today the price of a single bitcoin is beyond $17,000 along with a whole slew of new financial assets that have been created by no governments or bankers; but by cryptography, computers, and coders alone: cryptocurrencies.
This new kind of money serves not the interests of the banking and corporate elites, or the corrupt government ministers who kowtow to them; but the people who control them alone.
We have seen cryptocurrencies like Bitcoin, Ethereum, Litecoin and Monero gain +10,000% returns over the last several years, and they simply continue their climb against all of the harping of bankers, economist, and purported ‘experts’ of finance. They have declared cryptocurrencies are a scourge and something to be detested; a grievous wound against all of society, and they must be destroyed. Again and again we hear from them that this is a bubble, that it has no social value, and that it is going to ‘crash’–and yet we find that the honey badger of money continues its slog upward and to the right despite all of their raging cries.
This is by no mistake, as cryptocurrencies are fundamentally better at storing value than any fiat currencies in existence today. This is because the fixed and known monetary supplies and inflation rates of cryptocurrencies; but more importantly, the social consciousness and consensus that allows for them to exist. People can now control their wealth with nothing more than the power of cryptography. Cryptocurrencies are rewriting the entire way that money is understood and used–and with that, who gets to control and benefit from these systems.
Saving in fiat money is for chumps
“Why would anyone outside of a lunatic asylum want to hold money? What an insane use to put it! For it is a recognized characteristic of money as a store of wealth that it is barren; whereas practically every other form of storing wealth yields some interest or profit.”
–John Maynard Keynes
Today, each and every form of fiat money is nothing more than a legal tender that holds value simply because governments command it. However, if we look over the course of history; again, and again, we see states fail, governments collapse, and their money inflate to nothing. This is not by mistake, but by design. Just look at what has happened in Venezuela over the last few years.
What those in contemporary finance and government fail to see is that bitcoin and cryptocurrencies are a radically departure from state-sponsored financial systems and the tyranny that they enable. For the better part of modern human history we have simply had to deal with the fact that government officials could show up at our places of business or our homes, rob us at gun point and call it legal. That they could fictionalize up mountains of money and give it to their corrupt banking and corporate friends, and tell us it was for our own good.
Again and again, we see the powers-that-be prod us down the road to serfdom, and tell us it is the yellow brick road to the Emerald City. We have seen what happens to those who follow that path, and the poverty it creates for all of us.
The revolution that we have all been waiting for is finally here, and it is the radical divorce of state and money from each other. Governments were never entitled to steal the wealth of the world for themselves and for their barbaric and unholy purposes. We finally have a way to resist their tyranny and fight back with economic means alone. Just as we once saw the radical divorce of church and state fundamentally change society for the better, we will once again witness such a radical epochal change–but this time it will be from the separation of money from the state.
Those of us who hodl crypto know and understand that bitcoin and cryptocurrencies have nothing to do with money. The true purpose of cryptocurrencies is to create a new form of economic power that will be the harbinger of a new society. A society where economic power is outside and beyond the control of the state, and the monstrous banking and financial sectors that they have fused with. It is from this base of power that we are creating that a whole new society within the framework of the web.
Bitcoin will become the most value asset in history not only because it is a better form of money, but because of the astounding personal economic power it creates. Through tearing out the economic base of the corrupt systems of fiat money; we can create a new and more egalitarian society using the power of the blockchain and the internet. The banners we will raise in this new society will have the following inscribed upon them for all to see and choose to follow if they wish: