Thursday, March 10, 2022

Why Bitcoin Matters


https://bitcoinmagazine.com/business/bitcoin-was-made-for-this-the-apex-of-apolitical


Satoshi Nakamoto’s invention was made to be apolitical.

It was made for users to avoid being held monetary hostage to rulers who didn’t approve of their transactions or their political defiance. Its existence means that despicable dictators can’t take funds from you or stop you from transacting over its apolitical payment rails.

Flashy words like “uncensorable” and “without a trusted third party” might not mean much to rule-abiding Westerners who have never had their accounts seized, their payments blocked, or their assets sanctioned. For some of the millions of people living under questionable regimes worldwide, the lifeline that Bitcoin provided has been the difference between life and death, survival and starvation. The ability to get out, and to avoid the controls that rulers place on you, was always Bitcoin’s greatest promise.

Simply put: Bitcoin fights “monetary colonialism.” It is freedom money.

BTC doesn’t care about your opinions, or who you think should be financially cut off from the rest of the world. Instead, it works: confirming block after valid block that contains transactions that you may or may not approve of.

If Bitcoin works only with the regime’s permission, it isn’t working. And if you think that’s a good idea – in this conflict or any other – per Aleks Svetski – you should probably sell your bitcoin.

All monies are for enemies, and the more despicable the enemy, the greater the proof of bitcoin’s viability. Whatever the crimes of this masculine, horse-riding strongman, it’s the talking heads with outsized control over the USD monetary system that just showed how terrible and contingent their money is. When push comes to shove and you irk them once too many times, they’ll just limit your usage. They may swiftly and brutally decide that the money you thought was yours no longer is.

“All of the things that make crypto appealing to those under siege apply to those doing the sieging as well,” as Rebecca Heilweil and Emily Stewart report for Vox. Bitcoin doesn’t take sides:

“Whether it’s good or bad in wartime, crypto is doing what its proponents say it does — giving people a way to work outside of traditional financial institutions — and there’s no sign that will change anytime soon.” 

Bitcoin doesn’t take sides. Bitcoin doesn’t care about your opinion, or the opinion that others have of you. Bitcoin cares about its consensus rules, whether the proposed block is valid and the transactions therein made by entities wielding their private keys.

If you truly desire uncensorable freedom money, some despicable types are going to use it. And that’s a good thing.


This is a really good article regarding the apolitical purpose of Bitcoin. I recommend clicking on the link and reading it in its entirety.  

Personally, I prefer Monero (btw, if you enjoy reading the site, please support by donating to the XMR address on the sidebar of the page. Thanks!) as it's true "crypto." Any of the privacy coins will do, but Monero is the most established. However, the concept behind bitcoin is truly revolutionary. Systems shouldn't be able to confiscate your money just because they don't like you. 

The article mentions "rule-abiding Westerners" who haven't had to deal with their finances being hijacked. But the truth is, many thought-criminals in the West have been dealing with the financial tyrants for years. Many people on the far-right have been surviving on crypto for quite some time, due to the collective neoliberal system (paypal, credit card processors, banks, etc, etc) refusing to provide service to thought criminals people they don't like.

The thing that everyone needs to understand about the neoliberal system is that it's a snake that eats its own tail. At some point everyone is going to be subjected to censorship, financial institutions refusal of service, and/or both.

The way people fight back against financial tyranny is via cryptocurrency. This is something that actually unites people. If you're a person who thinks, "oh, I don't like this person, so they shouldn't have access to money," then fine. But no whining when the system decides it doesn't like you. OK? 

The person who wrote the article is exactly right in his assessment. Bitcoin doesn't take sides. But the financial system does! And if you notice it's always on the same side. Which makes it a bully. Nobody likes a bully. If you support "sanctions" and people having their money stolen confiscated, then you support bullies. 

The system has simply become so power-hungry that it is eating everything in its path. It is literally out of control. It won't stop until it devours itself whole. Put your money in crypto while you still can. 

God bless! 

No comments:

Post a Comment