They almost get it…
Excerpt:
While Bitcoin isn’t a very good currency, it has the potential to serve as a “metacurrency”: a medium of exchange among the world’s currencies.
Read full article: http://www.wired.com/threatlevel/2011/12/bitcoins-comeback/
The human race, specifically those who think with minds trained to be limited, still don’t fully grasp what bitcoin is, how it works, and what it can do. That is why it is volatile; too many people are too stupid to understand it.
Until Bitcoin, there were 2.5 kinds of Currency known to humanity. Invented by humanity. I say 2.5 because the 3rd is just a combination of the first two. You have Gold Standard, Fiat Government Issued Paper, and a blend of the two. Much like the Soviet States collapsed when the Iron Curtain fell, so do those who labored under the previous 3 money types. It’s too much freedom and they don’t know what to do without someone guiding them and holding their hands every step.
Bitcoin is a 4th sort of currency that has never existed before. We’ve been taught to believe that a central authority must regulate, or it won’t work. But this is the opposite of the truth. Centrally regulated currency only assures that the regulator is wealthy, and you work for him your whole life to get nothing. Stability has nothing to do with regulation. The most heavily regulated economies are destitute. Open your eyes and look around.
The value of BitCoin is in the fact that no one can regulate it. Look at the War on Drugs. How’s that working out? Make Bitcoin illegal and guess what… Derp.
Bitcoin is Capitalism. It has never existed before. It is money that Banks and Governments cannot manipulate, cannot tax, cannot steal, cannot devalue for their own purposes, cannot seize, cannot confiscate, cannot freeze, cannot prove who has it or where it is, etc. It cannot be faked or counterfeited. It cannot be x-rayed or earmarked. It is untouchable by all those we wish would stop touching our money. That is it’s value. It is the only form of currency that cannot be screwed with.
Much like Gold is the only Element that won’t oxidize, thus it has value. But you can still steal gold… Your Government can back it’s currency with Gold, but then print more paper, or remove the backing… You can’t stop them from doing it. Nothing can EVER eliminate the value of money that no one can screw with. Everyone who has money wants to keep their money, and wants it to retain it’s value. Just like Gold, it’s natural properties are what make it valuable. Tying currency to Gold was the best we could do to achieve that, until now. Now, we have Bitcoin; money who’s natural properties make it valuable on it’s own. No other form of currency, not even Gold, is untouchable by unwelcome hands. No one even knows it’s there, unless you tell them.
It doesn’t need backing of another object or institution to give it value. We have been trained to believe this is required for a few reasons. The first reason being, that is how it has been since the beginning of time. There hasn’t been a better way. We had no choice but to cede control of our money’s value to a central authority. There hasn’t been any other way until now. But, now that we don’t need those manipulators anymore, they desperately preach how much we need them, attempt to sabotage the new currency model, etc… Control of our money by others was something we had to accept, because they created the currency. We don’t have to allow that anymore, and those losing their grip on our money, are not happy about it.
If you delve into the technical aspects of how Bitcoin works, you’ll learn it was designed to bubble. More than once. This is by design. It will function as a meta-currency before it becomes a more broad currency. It will be unstable due to natural human stupidity and helplessness, until people get smarter… And that is it’s only real flaw; it is valued exclusively by the market itself. The market is humans. Humans are dumb as shit. Humans cry out to be dominated and controlled. The weak want centralized, pretend currencies.
Some people have learned that money really does grow on trees; Marijuana, Poppies, Mushrooms. The more illegal it is, the more valuable it is. Supply and Demand. The Free Market, people who hate being taxed and robbed and thrown in jail, demands a Free Currency above all else. Bitcoin cannot fail; it is the most valuable thing on Earth next to life itself. …as long as there are enough people around who are intelligent enough to figure it out. Capitalism IS the Black Market.
The Dollar only has value because you desperately need your paycheck to be more than just a piece of paper with numbers on it. Same with the guy in the cubicle next to you. It only has value because you need it to have value, and a group has been taught to put their eggs in that basket. That is the only thing that gives a Dollar value; desperation. You can keep that game going for so long… Most Fiat Money started as Fiat Money. It never had value, but the people born into it had nothing else to use. The Dollar used to be backed by Gold, now it is Fiat money, the backing was removed. It is rapidly becoming just as worthless as any other Fiat Money.
Americans should be the most aware and interested. But are they? Are they too stupid to figure it out?
When the Wealthy intentionally devalue their own money, the true purpose of money becomes clear. It’s not about what the wealthy have; it’s about taking what little you’ve got. It’s not about them having much, it’s about making sure you have nothing. If it was really about the money, they wouldn’t sabotage their own. They have the most money, why would they want to devalue it? You have been lied to about what centrally regulated currency is and how it is used. It is a weapon, nothing else. It took the creation of BitBoin to expose this. Regulation was a necessary evil. Now that it is no longer necessary, it’s just evil. If only humans weren’t so stupid…
