An Exponential Sudden Migration Away from National Fiat is Coming: When this happens, government’s role will be exposed as “obsolete”

in #bitcoin6 years ago

Many merchants such as myself are keeping an eye on the trend of bitcoin and other cryptos because they solve a lot of problems that businesses have with the current banking system. The main reason this hasn’t happened yet is because the technology isn’t quite ready for general use by the public. Also the scaling issues of the first generations of blockchain such as bitcoin limit the on-boarding capacity to less than 1% of the population of the world.

This will not be a limitation for very long though. The DPoS blockchains of @dan (Bitshares, Steem and EOS) have already solved the issue of scaling by a wide margin. Also, LN (Lightning Network) when it comes out of beta into general release will have solved the scaling issues of bitcoin. Whether these solutions remain decentralized is another matter though. In any case, a massive shakeup in leadership generally trends toward freedom at least for a while.

The Two Populations to Cause this Shift

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One of the reasons why the western public is trapped in the unending false dichotomy of swinging pendulum politics is because the two party system will never disrupt the true origin of power. The most fundamental mistake people in western developed nations have made is accumulation of debt as individuals and indebted servitude as employees. Those of you working a corporate job cannot change the system because you don’t pay taxes directly (your employer does this for you). You are fooled at the end of each year by having to submit your own form, but the choice to withhold was never your’s but your employers.

The only way to get outside of that model currently is to run your own business. Business owners are the class of citizen that government keeps an eye on the most, because they are responsible for the funding of government. Without them, government doesn’t have the ability to forcibly extract resources that keep the budget afloat.

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The other population that will be instrumental to freedom from the current system of enslavement will be those who live in the third world and have either very limited or no access to banking. When Africans are making transactions on a cell phone by the swipe of a finger, a shift will begin to occur in who has the power to govern.

Retirees, pensioners, employees, military and lower level government contractors will make up the bulk of the force for the status quo. The third world subject to financial exclusion will be the primary force for change. Stuck in the middle will be business owners deciding in which financial field to play in. For now, the USD is still king. Government arrogantly assumes that it can never be dethroned, but the reality is that nothing lasts forever.

The Danger of Recentralization toward a Digital Panopticon

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Small business owners will actually become the critical tipping point on how this goes in the next few years. One path leads to freedom and a complete restructuring of society that addresses fairness for the first time in eons. The other path leads to a digital panopticon where central servers take over every operation of government. Amazon is just such a model that will become a centralized technocracy in favor of keeping some semblance of status quo.

Many of the top names in technology are quite aware of what is going on in the blockchain space and now positioning themselves to take advantage and become the new kings of control and tyranny. Big business actually backs the current setup of government and taxation. This is because most of the top corporations such as Apple and Amazon already pay no taxes. Instead they’ve offloaded that burden onto you as a citizen working in their sweatshops. They have no incentive to change it because it benefits them.

The Path Toward Freedom is in Smallness

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This is the key. It will be important to do business with unestablished names that accept nationless cryptocurrency. Those of us in the west are already limited in how much we can do because our income is taken before the paycheck is even issued. Notice this far right column in the below graph…

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The moment that all of this conforms to the legal standards of government, what little we have left of our freedom has been lost. We already know what those of you in the west will do if this happens; you will of course cave in to the demands of inferiors insisting to be your superiors and you will remain slaves. The third world however will have its 1776 moment in rebellion to the USD or its digital equivalent.


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A few thoughts:

  • Crypto is NOT debt! It is honest money! This is a monumental game changer! The banksters are completely blind, arrogant, and have no idea how this completely destroys their dishonest ponzi theft model.

  • I agree with you that this revolution (of taking the power back - like the Rage Against the Machine song goes) will eplode in earnest in poorer Asian and African countries where the masses and unbanked will bank themselves! Same can be said of those experiencing hyperinflation in countries like Venezuela (see the wonderful project by David Hay: Making History in Colombia with Crypto)

Ironic isn't it how in 1776 the US gained independence from the - dominant empire at the time - and now we are at another crossroads where the rest of the world will do the same from the hegemonic shakles of the US dollar?

Thank you for your post. It gives me a lote of hope and optimism for the future!

You Write a very good article for the West Area People but I am not West area people so I am crying now, :p

just fun sir not take seriously |

Dear@zoidsoft sir,
we get many information in this post.
Thanks for this writing.

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