It’s easy to assume that Bitcoin is just another payment system, a sort of PayPal with some additional features. But nothing could be further from the truth.
Bitcoin is truly revolutionary. Why? Because it challenges the money system that’s been around for millennia.
Throughout history money has been issued by the “sovereign” – the ruler. In days of old, this was the King or Queen. Later it became the government, or the government-sanctioned Central Bank.
No money has ever existed which was created by ordinary people and used by them to transact. Sure, there have been many examples of more primitive societies using sea shells, salt and other commodities as money in past times, but as society evolved, the creation of money has always been prerogative of the “ruler” – whether king or government.
Another feature of all modern fiat money is that it is issued as a debt. When you go to the bank to raise a mortgage, that new money (your debt) is used to pay for the house you buy or build. To those who receive these funds it’s just money – but it originated as a debt, owed by you.
All money comes into existence as debt. When debts are paid off, the money is cancelled. Poof… it goes out of existence.
This form of money has given enormous power to those who control the levers… bankers, politicians and kings. And as such, there has always been a temptation to fiddle with the money in order to make a quick buck.
In old times Kings were known to trim gold coins, shave a bit of the gold off, or dilute the purity of the gold – while still keeping the face value of the currency. In more recent times, governments have inflated the currency (devalue it) in order to have more money on hand to bribe voters with “goodies” – stuff to be paid for by future generations.
But not until now, with the advent of Bitcoin, has there ever been a nascent global currency that turns up on the scene completely free of government and banker control.
For this reason, Bitcoin is not only revolutionary but a major disruptive technology. It’s disruptive of the current order. It’s disruptive of centuries of elitist banker control. It represents just as much of a revolution in money, as the internet represents a revolution in communication.
For the first time in history we now have two interconnected disruptive technologies – the internet and Bitcoin. One deals with standard communication in all its forms, and the other deals in a special type of communication – the passing of information regarding who owes what and to whom – a financial ledger maintained on the web, and managed by a worldwide distributed network of servers.
The potential for Bitcoin is huge, and in my book this represents the most radical and far-reaching development to occur in my lifetime. I have dreamt of the day when money could be wrested from the elite’s control – and that day has arrived.
Whoever controls the money supply, controls “us”. Bitcoin is the most radical freedom tool to appear on the scene, and represents a complete break with history.
Mark this moment in your diary. Remember you were here when Bitcoin was introduced. Recall Satoshi Nakamoto (the pseudonym for whomever developed the Bitcoin protocol) as the visionary who introduced this technological breakthrough to the world. And if you love freedom and desire a peaceful and prosperous world – without the vicious sociopaths who currently rule us – then grasp the importance and significance of Bitcoin, learn all about it, get yourself a wallet and start using it.
Seriously, this is so big that I urge you to pay attention, and if you’re not sure what to do, how to understand, but want to get your hands on this new currency, then download my free report – Bitcoin: The Money Revolution.
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