Bitcoin is a huge nail in the elite's coffinSubmitted by tamckissick on Wed, 04/03/2013 - 09:32
All this talk about bitcoin pros and cons seems to miss one aspect that I think is the single most relevant point we should focus on.
Breaks In Their Chain
History shows us that at times when the people gain some new technology to unite them against the centralized collectivists of the ruling elite, they do make great strides. This happened when capability of the written word the printing press both reached the masses. We have also seen exactly how the centralized control of these mediums soon after (RP said they both took around 30 years) shut down those movements.
Here we are 30 years after the internet (15 for the masses) and we're watching this great awakening that is massive compared to any time in history. What's happening? We're also seeing the elites trying their damndest to take control of it. Fortunately for us, this time is different. See below.
With the advent of this great equalizing tool, we have seen other divergences from the monopolized, centrally controlled society. We have unlimited and essentially anonymous, direct and broadcast video. We have unlimited communications. Even things like education and news is at our fingertips through channels they have no power over. This last year or three has even seen three dimensional design files for all sorts of products being shared anonymously among a community that has been fine tuning homemade printers to create those devices from nothing more than scrap plastic.
What a breakthrough this is for the individual in their fight against control!
Seeing this trend a couple years ago, I started following everything that I could find that keeps us dependent. Things like energy, food, water, finance, education, communication... They all have been under TPTB control. But they all are falling, and fast.
Just as the computer and internet power is exponentially growing for the benefit of the little guy, so have the solutions which break those next barriers.
As an example, we all know that hydroponics is a higher density garden than traditional ones, yet it relies on some inputs that still can be controlled. However, aquaponics does not so the natural progression should be there. And that is exactly what has been happening. The reason is not just because it is higher density, it's because it has less or no downsides, especially in the area of control.
In this same way, Bitcoin offers a solution with no downsides. Sure, it can be attacked ($40 dropped to $10 a couple years ago) but just like precious metals, if the people remain standing behind it, it cannot be wiped out completely. This is it's appeal. This is why it has and will continue to rise above all others.
For so many who jumped on the gold and silver bandwagon, they have been patient for so long waiting for the elites' power to manipulate it to fall. We may all agree it's going to happen but no one can guarantee it will come before the crash. Bitcoin, on the other hand, has already begun its foray into the alternative, distributed realm and is allowing a true free market to rise.
Sure, we will see some hiccups along the way. They will outlaw them, block them and tax them and try all sorts of things. Some of this will even scare people away. However, nothing they can do will truly harm it. Even if they wanted to drive its price down, they would have to buy them first because there's no parallel paper market for them. Even the new futures market on them has no bearing because it is live and instant 24/7. That amounts to nothing more than an unrelated bet on their value by a tiny group of people that the masses don't care about.
So Where Does That Leave Us Going Forward?
So, I say bitcoin is here to stay. It will likely run as a dual check on gold and silver manipulation during the fall of paper currencies. And it will find its level as determined by how much wealth is collectively stored in it. From what I've seen, this leads to a stable price of hundreds of thousands per bitcoin.
Ushering In An Alternate Economy
Another lens to view this through, however, is the effect it has on central banking. Without the physical paper currency being used, central banks' system of credit crashes hard. VERY HARD. They stand to lose all banking functions. There is not one single service they provide that can't be done instantly, better, cheaper and completely anonymously with the combination of the internet and Bitcoin. Transfers, loans, savings, purchases, start-up investments, charity, insurance... all of these can now be done by the people and without any government interference or even knowledge! Let that sink is for a second. No secret manipulation of the stock market. No bank fees or compounded interest on every charge. No payment processing fees. This means no loss of the current 40%+ that's being robbed from our economy. That's an immediate gain in OUR REAL WEALTH of 66%. Immediate!
For those that choose to do so, it even offers no taxes. Talk about a savings on the economic strains of society. Wasn't a tenant of the libertarian platform that taxes should be voluntary? :)
But wait, there's more...
If, and that's a big point, IF we also eliminated interest in this endeavor, we could also eliminate inflation. Gone would be the creation of debt without the concurrent creation of currency. Gone would be the incentive to move back to the world of scarcity. Just think of it. We could store enough wealth in metals and Bitcoin today to buy a used truck and in 10 years, we could come back and probably have Bitcoin left over after buying one. I'll leave other ramifications to the discussion.
What Are Our Goals?
But even if we didn't go that far, we could certainly create alternative, privately owned enterprises for every segment of society to use. Isn't this the Liberty we've all been fighting for?