The States Evil Plan to Co-opt Cryptocurrencies: Is there a way to mitigate the parasitism of statehood?

Mission creep seems to have settled in to the crypto community. I’m not particularly interested in conspiracy theories. Most of what happens in the world can be explained adequately by the fact that people are so easily divided. The Steemit bitcoin tag is surprisingly quiet about the Lightning Network. Lots of posts about the price action, but anybody can see that it won’t go anywhere without dramatic improvements to the technology, both in terms of scaling and usability.

It appears that an outright ban on crypto is not likely to be tried in most western nations since that too obviously exposes the weakness of the state. Instead, it seems that they might be positioning themselves to rewrite the code to make it more to the liking of state authority. Will they add code that simply taxes every single transaction regardless and ditch the capital gains model?

The most obvious way of positioning themselves properly would be to infiltrate Blockstream and other top players and get enough of your own people involved until those who love freedom become a minority. I’ve been skeptical of their ability to do this in the past on this blog, but it’s an issue that needs to be examined closely by those of us who are already in this space and aware of the issues.

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Was the scaling debate part of this political pressure? Hard to say. Governments have been very expert at exploiting opposing factions in any debate to advance their own purposes. They’ve done that relentlessly by redefining whenever necessary what democrat and republican, left and right mean, and most people still fall for these labels every time while those at the top laugh at their stupidity. Why should it be any different with bitcoin and other cryptocurrencies?

They’re well aware that the average person has no idea of how bitcoin operates under the hood. Just as you can’t expect the average person to read the entire works of Plato to understand the philosophical workings of government, they know that all they need to do is convince a majority that bitcoin is “unavailable” or can’t scale and you’re ready for that good ole Hegelian dialectic replacement.

Like most everything else government does, it will happen in stages so you won’t even realize what is happening. Before you know it, they will have you so twisted around that you will swear that you must have been wrong originally and will be primed for the fall. Right now the state isn’t concentrating on the average person who knows little of the crypto world.

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They will concentrate on buying out the movers and shakers of the industry as it is today, and convince them by showing them all of the horrible scenarios that can happen if they don’t add an option for inflation in the currency, add KYC (Know Your Customer) or whatever else they want. They will also go into detail on how each of these leaders lives will be ruined and how there will be nothing left for them to pick up. They will tell them that a bitcoin worth a million dollars isn’t that impressive if it takes a million dollars to buy a loaf of bread (this is where Germany was post WWI with the deutchmark).

Some are even hailing regulation as a good thing for crypto. I have a dire warning here: due to the absolute nature of technology and mathematics, there is no “moderation” possible here. We will either have hard promises that can be softened to provide consumer protections, or we will have soft promises which is just another word for a digital panopticon. The latter option is something that Hitler could not have even imagined in his greatest hopes.

(credit - Andreas Antonopoulos)

I was hoping that the millennial generation would see through the lies. Many of you probably don’t know that I was actually a supporter of Bernie Sanders in 2016. I’m old enough to not be naive that he could have changed anything and remember the political BS surrounding the Vietnam war and LBJ’s famous “I will not run again” speech. Socialism seems like a good option when you finally realize how you’ve been screwed by the billionaires who laid down the greatest banking heist of all human history using the Federal Reserve. It’s a slaves solution to a seemingly insoluble problem, but he was my choice between what seemed to be two lousy choices and one mediocre one, but I won't make that mistake again.

The lie that we’ve been living though is that we’ve had freedom and capitalism for the past couple of centuries. Nothing could be farther from the truth. Our system is capitalism by label only. What we really have is an unbalanced mixture of crony capitalism that capitalizes profits for the few and conveniently socializes losses for everyone else. If we fall for the coercion of a socialized spread of wealth, what we will get will be the scraps left over after the parasites scrape their profits off the top (like they always do).

We finally have a chance to disintermediate the parasites at the top and deliver true justice to the world. This is no time for vacillation in the goal toward freedom. We have one good chance. If we miss it this time, we may just end up extinct.

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