CryptoFreedom Not Cryptocurrency

taskmaster4450 (85)in LeoFinance • 4 years ago

The introduction of Bitcoin unleashed an opportunity across the entire planet that we has never seen before. For the first time, humanity was introduced with the idea that anyone could create money. This was something unheard of before this. In fact, the creation of money, historically, was in the hands of governments and Kings.

Satoshi developed Bitcoin as a result of the economy collapse in the late 2000s. His vision was to get away from the banker-run system with its boom and bust cycles. Obviously, this system was not working for the majority of the people. Each bust simply transfers more of the wealth into the hands of the select few.

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Monetary freedom from governments, most of which end up corrupt, meant that the global population would be able to enjoy a payment system outside their reach. It would be one which the market would determine what took place. By capping the number of tokens, Satoshi believed that we would be able to eliminate the money printing machine. This would allow the currency to hold its value, something that would favor the population.

Fast forward to today. How does Satoshi's vision appear?

We can see the pursuit of freedom took a back seat. The world of cryptocurrency, somewhere along the way, took a major turn. No longer is it about a payment system that is decentralized and cannot be stopped. Instead, we started to focus upon McMansions and Lambos. The crypto-sphere became a giant casino.

The early Bitcoin adopters were believers. They were hodlers because they bought into the vision. It wasn't about the wealth creation as much as the ability to operate outside the scope of any government. This rang true with them. They believed a new monetary system was being developed and advocated for it.

Essentially, it was a movement. They were not motivated by money but, rather, changing the world. Certainly, those who accomplish this tend to get well rewarded, just like many of the early Internet pioneers. However, there clearly was something else driving them other than the financial gain.

Do we see that same thing today? In part, it is still there yet it is overwhelmed by the promises of wealth. "Mooning" is a constant topic, especially during the bull runs. Here, building and development seem to take a back seat to simply creating a new for of printing presses.

Money is just a tool. As we are rapidly learning, it is made up. The recent run in DOGE has many baffled. The reality is that people can put value into whatever they desire. At the same time, a medium of exchange is what people agree it is. Having a use case is secondary if a group of people agree to accept it.

This is what started with Bitcoin. Framed as the "people's money", the idea was to give people the control over the monetary system. It was a flawed concept from the beginning since the way Bitcoin was structured made it extremely deflationary. Thus, the future as a global medium of exchange was not going to work.

Sadly, this is exactly what happened. Bitcoin is no longer the people's money. Today, it is quickly becoming the property of Wall Street, large corporations and, eventually, governments. The limited number means that, on an open market, those with the resources can control it.

A few years ago people were itching for Bitcoin to be found by these type of entities. There were people posting about how "we need Wall Street to buy Bitcoin". These people were driven simply by the mooning of the price. Hence, to them, it was about how much their bags were worth and not the freeing of humanity.

Giving the token over to Wall Street is not going to free people. This will not help to alleviate wealth and income inequality. It will simply give them another asset class to own and control, leaving the rest of us out.

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Fortunately, the same ability that started with Satoshi still resides today. Anyone can create a currency. Hence, we still can pursue the ideals that he set forth, just with different currencies.

In short, his vision is still possible, just not with Bitcoin. Instead, we can look to the totality of the entire crypto industry for this.

However, it will not come to fruition if our sole concern is squeezing as much money as we can out of this system. In the end, people are treating cryptocurrency like stocks. They want to buy low and sell high. Since so many are suffering financially, it is a step that many have to go through. However, filling our bags should be more than just the number tied to them. That is how Wall Street operates, using money as a scorecard.

Instead, we need to understand that it is CryptoFreedom we are dealing with. Each time we enhance our holdings, it is one step closer to financial freedom for our families. This is a positive. If we can do this millions of times over, we will start to change lives.

That is not the only aspect to this. Development is not about the money but, rather, the tools it gives people to pursue different aspect of their lives. With the march towards tyranny happening as surveillance increases at every level, we need an option to get people out from under the thumb of government and major corporations.

Crypto can provide that. By developing the platforms and applications that people can utilize, we start to change the entire system. This is where people's resources, the ones that came from filling the bags, comes into play. Presently, we see the funding of the expansion of this industry coming from the Venture Capitalists. Ironic that an industry that can create its own money has to depend upon the traditional firms to expand.

Of course, the problem with this is they end up taking the bulk of the gains. Once again, we turned a system that is inclusionary into exclusionary.

Many do not care. As long as they can enjoy the mooning and Lambos, that is all that matters. The talk, even at the platform level, is not how do we grow things to bring more people freedom. Instead, it is how do we get the token price higher. To most, the only thing that matters is the money.

All change starts with the change in one's mind. As long as people are approaching this entire spectrum like they do the present system, it will likely be lost. The reason for this is we are not going to beat the establishment at their own game. If it is only about the money, then they will simply take over. They are well experienced at winning that game.

On the other hand, if we realize that this about giving people the tools to change their lives, then we are onto something. We can start, individual by individual, starting them on the path to freedom. Each person we get out of a job, allow to circumvent the banking system, or get their transactions outside the reach of government, the better off we all are.

By freeing billions of people, we will end up leashing the most powerful economic force the world ever has seen. Hundreds of trillions of dollars in value will end up being generated by inclusion of all these people. However, if we are just focused upon the casino and whether the token prices went up or not, we will end up playing into the hands of those who are presently in control.

And it is easy to see, they are not concerned about freedom in the least.

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CryptoFreedom Not Cryptocurrency

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