Lesson - Why Bitcoin's fiat price is irrelevant? - Cryptocurrency Reporters - A Light To Cryptocurrency World

Sunday, 1 April 2018

Lesson - Why Bitcoin's fiat price is irrelevant?


Lesson - Why Bitcoin's fiat price is irrelevant?I've mentioned before that I'm an old hand when it comes to Bitcoin but while it was nice to see the surging 'interest' in Bitcoin towards the end of last year, I was keenly aware that Bitcoin's utility had not scaled in proportion and the price was driven solely by institutional interest.Retail interest is manipulated by institutional disposition towards Bitcoin. They own the media. They own your psyche, your thoughts, your decisions.'What do you mean by institutional disposition?', you ask? Nation states and their banks.If you think fiat price matters, I only have one question. What is Bitcoin to you? If the answer is 'a speculative asset to print new bank money', you should get the hell out of here and head over to the stock market.The world we live in today is not a far cry from feudalism, even in so-called democracies, however much we are brainwashed into believing the polite fiction that is force-fed to us.Banks are our feudal lords, each nation-state a fiefdom and every common man a serf. They print money out of nothing, inflating the economy and we keep paying interest on nothing, all the while diminishing the purported value of the money we hold which was created from nothing.Why does nothing have value at all? Because we endorse this paradigm. Borderless currency is bad news for this paradigm.Now let me tell you what Bitcoin really is,Bitcoin is a new economic paradigm, where, for the first time in the history of money, every man gets to live in a truly democratic society with economic autonomy.Bitcoin is not an asset that has value in bank money. Bitcoin is here to destroy bank money. Bitcoin is the everyman's money.Bitcoin's true value will be its own purchasing power. How will Bitcoin have purchasing power? The same way bank money obtained purchasing power.We just need to endorse this brave new paradigm. 'We' does not include banks or nation states, but we, the people!Bitcoin is ingenuity. Satoshi is to Economics what Darwin was Evolution and Galileo to Science.Most of us are just too benighted and brainwashed to appreciate the power of Bitcoin.What would happen if we all ditched the bank money they keep printing out of nothing at will and bought into Bitcoin?Voila! via /r/Bitcoin https://ift.tt/2pW6Rxx

I've mentioned before that I'm an old hand when it comes to Bitcoin but while it was nice to see the surging 'interest' in Bitcoin towards the end of last year, I was keenly aware that Bitcoin's utility had not scaled in proportion and the price was driven solely by institutional interest.

Retail interest is manipulated by institutional disposition towards Bitcoin. They own the media. They own your psyche, your thoughts, your decisions.

'What do you mean by institutional disposition?', you ask? Nation states and their banks.

If you think fiat price matters, I only have one question. What is Bitcoin to you? If the answer is 'a speculative asset to print new bank money', you should get the hell out of here and head over to the stock market.

The world we live in today is not a far cry from feudalism, even in so-called democracies, however much we are brainwashed into believing the polite fiction that is force-fed to us.

Banks are our feudal lords, each nation-state a fiefdom and every common man a serf. They print money out of nothing, inflating the economy and we keep paying interest on nothing, all the while diminishing the purported value of the money we hold which was created from nothing.

Why does nothing have value at all? Because we endorse this paradigm. Borderless currency is bad news for this paradigm.

Now let me tell you what Bitcoin really is,

Bitcoin is a new economic paradigm, where, for the first time in the history of money, every man gets to live in a truly democratic society with economic autonomy.

Bitcoin is not an asset that has value in bank money. Bitcoin is here to destroy bank money. Bitcoin is the everyman's money.

Bitcoin's true value will be its own purchasing power. How will Bitcoin have purchasing power? The same way bank money obtained purchasing power.

We just need to endorse this brave new paradigm. 'We' does not include banks or nation states, but we, the people!

Bitcoin is ingenuity. Satoshi is to Economics what Darwin was Evolution and Galileo to Science.

Most of us are just too benighted and brainwashed to appreciate the power of Bitcoin.

What would happen if we all ditched the bank money they keep printing out of nothing at will and bought into Bitcoin?

Voila!

I've mentioned before that I'm an old hand when it comes to Bitcoin but while it was nice to see the surging 'interest' in Bitcoin towards the end of last year, I was keenly aware that Bitcoin's utility had not scaled in proportion and the price was driven solely by institutional interest.Retail interest is manipulated by institutional disposition towards Bitcoin. They own the media. They own your psyche, your thoughts, your decisions.'What do you mean by institutional disposition?', you ask? Nation states and their banks.If you think fiat price matters, I only have one question. What is Bitcoin to you? If the answer is 'a speculative asset to print new bank money', you should get the hell out of here and head over to the stock market.The world we live in today is not a far cry from feudalism, even in so-called democracies, however much we are brainwashed into believing the polite fiction that is force-fed to us.Banks are our feudal lords, each nation-state a fiefdom and every common man a serf. They print money out of nothing, inflating the economy and we keep paying interest on nothing, all the while diminishing the purported value of the money we hold which was created from nothing.Why does nothing have value at all? Because we endorse this paradigm. Borderless currency is bad news for this paradigm.Now let me tell you what Bitcoin really is,Bitcoin is a new economic paradigm, where, for the first time in the history of money, every man gets to live in a truly democratic society with economic autonomy.Bitcoin is not an asset that has value in bank money. Bitcoin is here to destroy bank money. Bitcoin is the everyman's money.Bitcoin's true value will be its own purchasing power. How will Bitcoin have purchasing power? The same way bank money obtained purchasing power.We just need to endorse this brave new paradigm. 'We' does not include banks or nation states, but we, the people!Bitcoin is ingenuity. Satoshi is to Economics what Darwin was Evolution and Galileo to Science.Most of us are just too benighted and brainwashed to appreciate the power of Bitcoin.What would happen if we all ditched the bank money they keep printing out of nothing at will and bought into Bitcoin?Voila!

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