Sunday 26 June 2016

In times like these, recall the wise words of economic "experts" (Paul Krugman, etc.) ...

https://www.youtube.com/watch?v=B-H8LRHG1hc&feature=youtu.be

These are the "experts" that are piloting the Great Experiment. Time to call bullshit.

The core issue, at scale, is trust. Trust in individuals and, more importantly, institutions. Institutions that have shown time and time again that they'll abuse special privilege and position, to enrich themselves. And that personal gain comes, indirectly of course, at the cost of real, measurable human suffering.

Launching ballistic missiles via military drone from an indistinguishab office building in Nevada is not quite like slitting a man's throat in physical combat. When night falls, the "bomber" sleeps in comfort; the soldier remains restless, his mind tortured by his unforgettable, subjective experience of the encounter. Objectively, both outcomes are just as "real". Yet the bomber's conscience is shielded by separation (scale); his ego protected by his ignorance.

Frequently in accord, large institutions can inflict financial suffering with plausible deniability, concealed behind the complexity of a global, inter-connected economy. Financial suffering begets real conscious suffering, reflected in various, measurable ways (unemployment, income inequality, etc.). At scale, such institutions are objectively anti-social and, pragmatically speaking, untrustworthy. Bitcoin address trust at scale. It is social.

It is the citizen's secret weapon, to defend against the tyranny and special privilege of institutions at scale. Institutions that, while legally treated like individuals, lack the capacity to experience real pain and suffering. Institutions that, at scale, distribute "guilt" just enough to appease man's ego.

Bitcoin empowers the individual at the cost of the institution. It leverages technology (cryptography) to "exit" an unfair game. Instead of combating incumbents, Fight Club-style, Bitcoin creates an objectively better game. This game is enforced by universal laws, not brute force.

It is the codification of an egalitarian, free market, where one has never truly existed.

This is Bitcoin... it isn't really just about "digital gold", or "virtual currency". It isn't about optimizing some specific economic variable for "dumb money" use cases. It isn't about purchasing Alpaca socks online. And it almost certainly isn't about credit cards (thanks Paul Krugman).

It's about liberation of the individual, both from the institution and from the "experts" it endorses.



Submitted June 25, 2016 at 11:31PM by VP_Marketing_Bitcoin http://bit.ly/28TcEcs

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