Why the Western Public is unable to Free Itself: Cryptocurrency Cypherpunks Create a Black Swan
For decades I’ve watched the political discourse degenerate from the relatively factual news of Walter Cronkite’s era into the “fake news” everyone talks about today. Just as the news started to degenerate into this paradigm, the phenomena of “reality TV” was born. It’s as if corporate America realized that it had a serious problem and needed to mask it. Andreas Antonopoulos talks about why this is the case in this video…
On Facebook, I saw yet another story about Trump and something to do with lying about his height and how this is just another example of how “if we just vote him out of office everything will be fine” because “he apparently doesn’t understand reality”. This actually lets Trump off the hook and it’s the liberal left who hates him the most letting him off easy! He’s not stupid, he’s evil, like all other statists. It’s not exactly that he/we mean it either, just that the vast majority of the public, particularly in the west, is ignorant or apathetic.
They were saying that Obama is 6’1” in this picture below…
The western public is fixated on anything but what really ails it which is the massive theft perpetrated by the banking system. This works because the average person in North America and most of Europe has enough to survive and they don’t perceive how much they lost because they were never able to count what they created. The reality is that the industrial revolution over the past two centuries was so successful, that if wealth was evenly distributed, there would be no household worth less than a million dollars today. We’ve been fooled because in our ancient past, scarcity was the norm.
Authority has successfully steered protests away from the message of Occupy Wall Street a few years ago which did focus close to the problem as the epicenter was the corrupt banking system. Since then, the message has diverged away, and protests are against a man who has very little control compared to the banking system. During the time Occupy Wall Street was peaking in 2011, the Federal Reserve was doing the greatest amount of money printing. This is called “quantitative easing” by authorities, but what it really is, is counterfeiting.
Many people in developed countries will not rise up against the establishment, nor do they fully understand their engagement in unethical and violent means to support their lifestyle because it is hidden from them. Corporate culture has instilled in this population the “cult of selfhood” and “consumption as a form of inner compulsion” (terms often cited by Chris Hedges). No longer do they study philosophy or Aristotelian ethics, but instead they flag wave and engage in competitions to test each against the other in petty displays of ego. To the rest of the world, this display makes us look like a powerfully built, but retarded child.
Cryptocurrency Cypherpunks and the Black Swan Event
The average American is unable or unwilling to change their habits and this goes for most of the western developed nations as well. They are still caught up in the illusion that the vote has the power to make significant change. Your real power exists in your pocketbook. Bankers know this which is why since the 1970’s new regulations went into effect, essentially deputizing banks into a system of law enforcement.
A technological breakthrough in direct P2P without the use of central authority known as bitcoin occurred in late 2008, which is around the same time that the banks were getting bailed out. In fact, Satoshi Nakamoto made mention of it in the genesis block (toward lower right of the below image)…
This Document is a Declaration of Independence from the Banking System
The bitcoin whitepaper describes the process by which it potentially puts authority out of a job by solving the Byzantine Generals problem without using central authority. No longer does the public need to use state created fiat currency backed by violent authority, but they can opt out and send payments to anyone in the world without KYC (Know Your Customer) and AML (Anti Money Laundering).
What’s important to understand here are the numbers 1.5 billion to the ratio of 5.5 billion. These are the numbers of people who have banking privileges versus the number of people that suffer some form of exclusion from the banking system. The world isn’t going to change because some of them are protesting. Not this time.
What will create change is the collapse of the western banking system which will happen by my estimation sometime in the next 5 years. The reason this is happening is because there are currency wars creating a massive equity drain...
(source - Andreas Antonopoulos)
Change won't happen because people who are enslaved by this system object to it in protest. It will happen when the rest of the world which is not so comfortable has taken the exit in the form of cryptocurrency that stops the drain on their wealth.
When the USD is no longer the world's reserve currency, and what replaces it is bitcoin or some other cryptocurrency that doesn't make use of central authority, that will be when you see a significant change towards peace.
Donations (public bitcoin address):
3FwxQsa7gmQ7c1GXJyvDTqmT6CM3mMEgcv
Hi @zoidsoft , I appreciate your work and I am also thankful for you introducing me to Andreas, however I cannot say I agree with this extreme statement. What will create change is the collapse of the western banking system which will happen by my estimation sometime in the next 5 years. You think the USD is going to collapse within 5 years? If so, what type of implications do you think that would have for the global financial system and also stability for society as a whole?
Government shut downs will become more the norm than the exception until the national debt situation gets straightened out (21 T in debt is unprecedented). The reason the USD is able to get away with passing off it's debt onto other countries is because they are using the USD which props up its value. That's not going to continue for much longer.
Of course that means that there will be an extremely unstable interregnum. But I believe that it will eventually sort itself out, though the USA will likely be dealing with the aftermath into the 2030's.
@rawdawg, We're already 5 years into the collapse of the dollar.
But go right ahead and continue to believe in it and use it...
the truth will catch up to EVERYONE's front doorstep soon enough.
HIGHLY rEsteemed @zoidsoft!
OK, I will play devils advocate and say I agree with you. Provide how that plays out for the global economy. IMHO, it looks something like the end of times and a Walking Dead episode. You think that is happening in the next 5 years or sooner?
Nothing dramatic will happen... because it's already happening.
Hyperinflation would happen if there was a dollar collapse. Interest rates would sky-rocket to double digits. Global economy collapses. Worldwide depression. . etc. . IMHO, you cannot make such an extreme claim and then say, "nothing dramatic will happen" unless your comment was being facetious Mr. Bacon
If all us poor people switch to crypto, then the main thing that would happen is that the parasites in government would have to find new legitimate work, while the rest of us restructure to provide the things to each other that intermediaries were doing before.
I keep hearing ridiculous nonsense such as "without government, who will build the roads". We will of course. We'll just be doing it without government and more efficiently. My family has first hand experience in this because we literally built "Manwaring Road". We're a multi-generation family of farmers who've lived in this area for more than 200 years...
https://steemit.com/whoisfrankbacon/@frankbacon/while-the-western-public-is-unable-to-free-itself-cryptofiction-cryptofactions-create-a-frank-bacon
Well Dramatic would look somewhat like your comment about The Walking Dead but I see plenty of evidence. I don’t think I have the time Or the patience to comment about it. But I’ll make it a post sooner than later.
Fair enough. Nice chatting with you and @zoidsoft as always. :)
I think it depends heavily upon where you are. I wouldn't want to be in any of the major cities when this happens. I live in Amish country in upstate NY. I doubt that they would even realize that there was no electricity if the power went out.
21T debt basically makes a mockery of the USD - there isn't anywhere near that much actual USD.
If it were part of a computer program you'd call it a bug.
I've made a couple of posts recently about the state of "money", and it basically stinks on so many levels.
what shocked me more than anything was that in Australia, the amount of printed currency doesn't even cover the market cap of 1 company - BHP Billiton. It goes to show the extent to which economies and currencies have been mismanaged.
look at my post history if interested...
This was a very interesting article to read and made me think of a lot of the things you said. I haven't done enough research into this topic, so I don't really have an opinion yet.
I do want to ask, does this concept you are talking about apply to the USA or Europe, or both, or anyone else? Thanks!!
The main division that exists is between those with banking privileges (the 1.5 billion) vs those who have been excluded (the other 5.5 billion). Mostly the former live in western democracies in Europe and North America, but they are scattered in many other countries as well.
Oh, okay. Thank you!
Do you think that access to internet and high speed communication networks would also be a factor in the separation of banking privileges?
I suspect that internet will be spotty in areas where banking privileges have been enjoyed in western nations when this plays out. The reality is that the internet kill switch is not absolute. It is possible to submit a bitcoin transaction using paper if you're technically skilled in snail mail to your recipient can then submit it where they do have internet access. Also take a look at steganography...
Cool, thank you!
Great post as always, I am a big fan since you have a somewhat different perspective on things than me. Always find something interesting and new in your posts.
I agree, In the last 50 years, technologies have improved so fast, yet quality of life for my parents generation was higher than mine. Something is really not right in this world.
And it will continue like this. In 50 years human labour might be almost redundant. It could be an age of amazing freedom and prosperity like we have never seen before. But if we stay on the current trajectory it will be the opposite. Huge amounts of poor people, segregated and depended on a few rich.
nice share
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