New Kid On The Block
Who would have guessed that the most attractive currency in the world could be something that you cannot touch, taste, smell or hear? In fact, you cannot physically experience it outside of seeing it represented on a digital screen.
Cryptocurrencies are not yet the most powerful currency but as people become familiar with the circulation of bespoke non-physical coins, it seems to be heading that way, ultimately killing the dollar and decentralising the money system.
But this will not be immediate, the Queen B on the block is Bitcoin and she means different things to different people. As she flirts with investors and anarcho-capitalists alike they all want a bit.
I have often pondered on how today’s world of escalating dishonour, in every facet of trade, could be reverted back to good old trust. And suddenly, from the least likely place, my questions are answered. A catalyst for change in the form of a coin. What have we done to deserve this? Nothing really, I guess the heavens showed mercy on those of us who actually want a fairer world. Or maybe it is a curse for those who are paid out of its imbalance. All we really need is a little gratitude, to say thank you and to make sure that the security of cryptocurrencies and the blockchain is upheld as a standard for mankind. Hopefully, before extremists succeed in resetting this crooked world.
What’s All The Fuss About?
It’s a very, very big thing, even if you don’t know it yet, you soon will.In 2010 I was baffled by the concept of E-gold so I became curious. Virtual gold backed by real gold? How can you trust it, who, what, where, why?
I was lead to discover that people were beginning to use an alternative currency called Bitcoin. Immediately I thought that this may be the beginning of my ideal – A world of unregulated, free trade. Being a traditionalist at heart, a currency that you cannot touch seemed well abstract and wasn’t easy for me to accept, but on the other hand, a currency owned by the people: understandable.All this caused me to delve deeper into a more abstract concept called Cryptocurrency Mining which basically involves virtual miners (manned computer hardware) solving a digital request in the form of an algorithm and a complex equation verifying transactions on a blockchain. With this done successfully, the miner is remunerated in Bitcoin. The request normally aims to verify a ledger.
Even after reading numerous articles, and watching videos, it all still made no sense to me. My interest suddenly disappeared after realising the amount of processing power needed to generate a substantial amount of Bitcoin (more here). It was an investment that I felt was too expensive, time-consuming and risky; it didn’t quite weigh up.
Fast forward five years, I only recently returned as what I call, a late-early adopter as this was just before the period of mass awareness – 2016 to the present. My interest soared. I now see that I was clueless (and still am) as to how many fresh possibilities cryptocurrencies offered. It’s almost a sin not to know.
Although much about this new type of money has become common talk, I still couldn’t grasp a full understanding of it. I put this down to the complexity, the huge scope of this money of account thing, the volatility and the many huge unanswered questions surrounding it. But now, I think it’s safe to say that four years on, many of the initial issues, such as the convenience and transfer times, have been addressed with its natural evolution. By the growing amount of startups and the thousands of crypto exchanges emerging online right off of its back, you can see that the world is shifting.
False Evidence Appearing Real
In Securities We Trust
Designed For The People
To draw a parallel it’s like the oil companies fighting to exist in the presence of the electric fuel revolution or maybe even genetically modified organisms over organic food. It seems pathetic that a drug company can fight against natural herbal medicine in plain sight of the masses but this is what we allow.
Clearly, you can see the fight going on between good and bad but its a game of monopoly where the winner will not be the one that exerts the most force but exercises their right to simple non-participation in the unhealthy rules that the major corps need the people to accept to profit their sponsors. A simple ‘No’ could mean everything. To want to share your shares amongst the people and attenuate the bank will change the game forever. But there will be compelling incentives to test us. We should not be surprised that these offers will hide behind ethical looking media groups ICO’s and cryptocurrencies alike.
It would be nice to see this defender of liberty embraced and protected by women. I feel that that nurturing essence at the beginning of this major game change may protect it without the prejudice of overambitious testosterone. As flipped as our world may be, the organic nature of woman still seems to be to prioritise and conserve life and not to destroy, rob, modify, blow up poison, extract and whatever other mischievous ventures men will engage in to support their grand illusions of power.
I’m noticing many more women adopting the new cash and I hope this will inspire a sisterhood to replace the macho brotherhood and all of its harmful ways. This isn’t an attack on men but on that antiquated patriarchal state of mind that knows only the word ‘Take’.
In 2014, Bitnation was founded by Susanne Tarkowski Tempelhof. Her ideas were formed around her father being stateless for a decade and witnessing unethical and non-sustainable governance during the Arab Spring. Her desire to create a more fluid communication between the people and the system, promoting the power to choose in all aspects of living and government, in particular, led to the creation of Bitnation.
Bitnation has an ethical, nurturing core and seeks to simplify the contractual communication between different parties for a more sound resolution without interference. The heart behind Bitnation is just a small example of the world that the Blockchain and its cousin Bitcoin are forming from the new young minds that actually get what it actually means to equity.
Stocks And Stones
About The Saviour
With the world trying to phase out Bitcoin and China’s ban on Bitcoin mining within China, the fact that they mine 60% of Bitcoin, it makes sense that the ‘Ban’ may well be an attempted takeover. Especially as 51% unified mining means a coup. A government can hijack the mining operations to ends I don’t even wish to imagine.
phase something out
(Definition of “phase something out” from the Cambridge Academic Content Dictionary © Cambridge University Press)
By Angel Lewis
For Colonel Gaddafi and his vision of a fair decentralised economy. RIP
For the Telegram groups: Bitcoin UK & Bitfriendly meetup and the helpful dialogue that shaped much of this article.