• Bitcoin
  • Blockchain
  • Crypto
  • Metaverse
  • AltCoins
  • Business
  • Investment
  • Upcoming
What's Hot

Buy Love, Sell Fear

October 3, 2023

Elon Musk Calls Fiat Currency A Scam

October 3, 2023

US Government Frames Bitcoin Privacy As “Criminal”

October 2, 2023
Facebook Twitter Instagram
  • Bitcoin

    Buy Love, Sell Fear

    October 3, 2023

    Elon Musk Calls Fiat Currency A Scam

    October 3, 2023

    US Government Frames Bitcoin Privacy As “Criminal”

    October 2, 2023

    Bitcoin Is A Possession, Not Property

    October 2, 2023

    A Most Ridiculous World : The Politicization Of Energy

    October 2, 2023
  • Blockchain

    BlockJoy raises $12M to help cut operating costs for businesses running blockchain nodes • TechCrunch

    February 2, 2023

    Blockchain Futurist Conference — Canada’s biggest crypto conference returns for fifth year

    February 2, 2023

    WEMADE and Metagravity Sign Strategic Alliance MOU to Collaborate on Blockchain Games for the Metaverse

    February 2, 2023

    Will Polkadot’s [DOT] new parachain fix the blockchain?

    February 1, 2023

    BNB Chain Unveils 3rd Blockchain in BNB Ecosystem, Tether ‘Never Borrowed from Celsius’, Ripple Sold $226M Worth of XRP in Q4

    February 1, 2023
  • Crypto

    Crypto Donations Now Need An Appraisal

    February 2, 2023

    Bitcoin Shrugs Off Fed Rate Hike to Hit Six-Month High

    February 2, 2023

    Stock and Share Market News, Economy and Finance News, Sensex, Nifty, Global Market, NSE, BSE Live IPO News

    February 2, 2023

    Yates County cryptocurrency miner completes debt restructuring deal

    February 1, 2023

    How ‘King of Instagram’ Dan Bilzerian ‘made millions’ from cryptocurrency after bizarre poker deal

    February 1, 2023
  • Metaverse

    Facebook’s Metaverse Division Lost Nearly $14 Billion Dollars Last Year

    February 2, 2023

    Samsung Hints Metaverse Ambitions At Product Launch Event, Eyes Integrating Different Realities Into Premium Smartphones

    February 2, 2023

    Sanlam makes history with SA’s first media launch in the metaverse

    February 2, 2023

    Meta’s plans to expand metaverse are up and running again: Here’ how

    February 2, 2023

    RFOX VALT Launches AI-Enabled Metaverse Apartments for Sale

    February 1, 2023
  • AltCoins

    Altcoins Lead Post-Fed Crypto Rally as Risk Appetite Increases

    February 2, 2023

    CAKE, SHIB And These Alt-Coins Are Trending

    February 2, 2023

    Elon Musk Wants McDonald’s to Accept Crypto Payments. Dogecoin (DOGE), Bitcoin (BTC), and Snowfall Protocol (SNW) Benefit

    February 2, 2023

    Crypto Analysts are Saying These Altcoins Have Huge Potential – Here’s Why

    February 2, 2023

    Are Cryptos Bound to Retrace Amid Recent Pump?

    February 1, 2023
  • Business

    Ray Dalio Warns Money Is in Jeopardy, Favors Inflation-Linked Crypto

    February 2, 2023

    BIT Mining Limited Regains Compliance with NYSE Continued Listing Standards

    February 2, 2023

    Bithumb’s de facto owner arrested over alleged embezzlement

    February 2, 2023

    Crypto Custody Firm Copper Alerted to Security ‘Incident’ Over Christmas

    February 1, 2023

    Cathie Wood’s Ark Invest Says Bitcoin Could Hit $1.5 Million by 2030

    February 1, 2023
  • Investment

    The Investor’s Guide to Crypto Options Trading

    February 2, 2023

    Pune software engineer loses Rs 13 lakh to crypto investment fraud

    February 2, 2023

    Crypto Investment Products’ AUM Surges as Investor Confidence Returns: CryptoCompare Report

    February 2, 2023

    Crypto Investors Can Purchase Bankruptcy Put Options to Protect Funds on Binance, Coinbase, Kraken Crypto Exchanges

    February 1, 2023

    Ethereum price forecast for February, including Morgan Stanley comments By Investing.com

    February 1, 2023
  • Upcoming

    S&P 500 rises to the highest level in five months Thursday as Meta leads a tech comeback

    February 2, 2023

    Looking For Something Different From Nubank and C6 Bank? Try Lanistar! – Sponsored Content

    February 2, 2023

    NYDFS Releases Guidance For BitLicensees And Limited Purpose Trust Companies On Asset Custody In The Wake Of Cryptocurrency Insolvencies – Financial Services

    February 2, 2023

    This Supreme Court Case Will Reverberate Throughout the Compliance and ESG World | NAVEX

    February 2, 2023

    Ethereum (ETH) Could Reclaim $2,000, Trader Says

    February 1, 2023
investorstoday.press
investorstoday.press
Home»Bitcoin»Bitcoin’s Existence Is A Political Paradox – Bitcoin Magazine
Bitcoin

Bitcoin’s Existence Is A Political Paradox – Bitcoin Magazine

maikdezana@icloud.comBy maikdezana@icloud.comAugust 25, 2022No Comments5 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email

This is an opinion editorial by Andrew Keir, an author of a daily newsletter, where he dives deeply into the transformational nature of Bitcoin.

“Every time we witness an act that we feel to be unjust and do not act we become a party to injustice. Those who are repeatedly passive in the face of injustice soon find their character corroded into servility.“ — Jullian Assange, “Conspiracy as Governance,” 2006

A deep irony exists when we live in a world that has become so deeply polarized and politicized. So much so that an immutable, apolitical system of scarce information — of value — has manifested into existence.

As a protocol, Bitcoin is absolutely apolitical. It is indifferent to any political beliefs or ideology. It is decisively neutral, which is a stark contrast to almost everything else in this clown world. Bitcoin is neutral to race, religion, ethnicity, gender, height, hair color, skin color, eye color, body type, body shape, name, language, location, wealth or any other myriad identifying and distinguishing factors.

Bitcoin will process any transaction from any person and to any other person, regardless of everything else. The only exception is if you do not adhere to the rules of the network or if you don’t pay the appropriate fees to process your transaction — which is essentially a free-market bid to pay for the block space scarcity. Assuming these two items are met, your transaction will be processed.

Where the political paradox lies is in Bitcoin’s very existence. The fact that it has come to be. Its existence implies that some cohort of individuals sought to create a technology with the very properties Bitcoin has. While the protocol itself is apolitical, this act of creation is a deeply political one.

When someone really sees Bitcoin for the first time, many things about our current system are illuminated that were previously invisible. All of a sudden, you can no longer see the world in the same way as before. Prior to the inception of Bitcoin, we had no superior system or point of comparison, nothing that would highlight the broken characteristics of our system by providing an alternative perspective.

We now have something to compare the current system to. It would seem the case that the creation of Bitcoin is the recognition that having a monetary system — a network of value — that is centralized and enables the weaponization of this network by those with administrative privileges against those without (the users), is a deeply flawed and immoral one. This system of incentives that rewards people for playing political games, specifically those who get closer toward the center of this system by playing these games, benefit disproportionately to those furthest away. The zero-sum nature of the current design would seem another fundamental flaw in the code of the central banking system, but perhaps to those who designed the system it is a feature? This dynamic of inequality only accelerates over time as those at the center of the system continue to increase the supply of monetary units at the expense of a large swath of users on the network and eventually to the demise of the network itself.

The very creation of this technology we call “Bitcoin” is perhaps the most significant political act of all time. It is a technology that is diametrically opposed to the current system and everything this current system stands for. The notion that someone should be able to get between two individual humans and their right to transact with one another or that any entity or group should have that power over another? Bitcoin rejects this. That you should be required to identify yourself in order to access the network of value transfer and be subject to surveillance and a loss of privacy for that privilege? Bitcoin rejects this. That the imaginary borders formed by tribes of humans should have any impact over our ability to transact with one another? Bitcoin rejects this. The current system asserts that the right to transact freely is not a fundamental human right. Bitcoin rejects this.

Bitcoin is a vote in opposition to the current system and the values this current system has attempted to install within the minds of many. It is, in its very essence, political.

The beauty of Bitcoin is that it will never coerce you to use it, like the current system does. It will never impose its power upon you or any other. It will simply offer superior incentives. And no one can ever control the network, therefore no one can capture this power. Bitcoin is an immaculate system of incentive design that allows the flow of pure informational clarity from any node in the network to any other. A system that is owned by no one. Where no hierarchical structure exists and no imbalance in the distribution of this information affords any node power over another as a result.

It’s impossible not to be completely in awe of its existence and to marvel at its very nature.

An apolitical monetary protocol for humanity birthed in a world so deeply entangled and confused by a captured system of political power, influence and violence. As Jullian Assange hinted in the quote at the beginning, once an injustice is brought to the fore of our attention, we are offered a choice: Will we be passive and become party to the injustice — and in the process find our character corroded into servility — or will we take the necessary steps to act and oppose such an injustice by opting in to the freedom network that is Bitcoin?

I know which one gets my vote.

This is a guest post by Andrew Keir. Opinions expressed are entirely their own and do not necessarily reflect those of BTC Inc. or Bitcoin Magazine.

Assange cantillon effect Culture Opinion Politics
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
maikdezana@icloud.com
  • Website

Related Posts

Buy Love, Sell Fear

October 3, 2023

Elon Musk Calls Fiat Currency A Scam

October 3, 2023

US Government Frames Bitcoin Privacy As “Criminal”

October 2, 2023

Bitcoin Is A Possession, Not Property

October 2, 2023
Add A Comment

Leave A Reply Cancel Reply

Top Posts

Subscribe to Updates

Get the latest crypto news

Advertisement
Demo
Top Insights

Buy Love, Sell Fear

October 3, 2023

Elon Musk Calls Fiat Currency A Scam

October 3, 2023

US Government Frames Bitcoin Privacy As “Criminal”

October 2, 2023
Get Informed

Subscribe to Updates

Get the latest creative news from FooBar about art, design and business.

Categories
  • AltCoins (1,399)
  • Bitcoin (2,057)
  • Blockchain (1,384)
  • Business (1,378)
  • Crypto (1,365)
  • Investment (1,383)
  • Metaverse (1,361)
  • Upcoming (1,319)
Facebook Instagram
  • Contact Us
  • privacy policy
  • about us
© 2023 Designed by investorstoday.

Type above and press Enter to search. Press Esc to cancel.