“Why I Say F#ck No To BitCOiN!” (plus my thoughts)

TruthNeverTold’s video on the subject:

Hmmm. He’s echoing a few of my own concerns about bitcoin, particularly that it’s backed by nothing (a major issue with our fiat currency already),that it obviously isn’t limited since so many different types of cryptocurrencies are surfacing, and that serious pondering on the topic of financial anonymity (for everybody, including politicians and whatever shady shit they and whoever else are wanting to conceal) gives me pause. He brings up the interesting question: anonymous to whom? To one another mostly, or so it appears. If he’s right that a government agency is all up in that scheme, utilizing this technology to manipulate people into behaving as if they are truly anonymous online and preparing people for a switch to purely digital currencies — well, honestly that wouldn’t entirely shock me at this point. Sounds like modern life.

I’ve hung back from the bitcoin craze, initially ignoring it and nowadays looking around to get better acquainted with what’s going on. What I have heard on the matter makes me glad I didn’t have enough money to invest back before trading prices soared for bitcoin and similar cryptocurrencies, seeing as how the situation doesn’t look like it’s going to work the way many had hoped. It’s been interesting observing people throwing so much faith behind these new currencies, and I can understand their enthusiasm to challenge the status quo. But none of this smells right, ya know? It can’t be that easy to render the U.S. Treasury obsolete.

We’d like to wish it were a possibility, but how can it be? Money is no longer the true name of the game. It’s beyond that now. Or perhaps it’s always been beyond that, money merely being a vehicle for acquiring power. But once one’s firmly entrenched and the System is thoroughly corrupt, you wind up having to fight the System itself. Cryptocurrency alone is insufficient. You’re still locked into this grid and beholden to various major corporations, a number of whom contract with our government. Who’s side do you figure they’ll be on in the end? Helping free you from them? How would that suit their interests?

Cryptocurrency backed by nothing…  Except what? Mathematical computations? What stops a wealthy individual or group from buying up a vast amount of bitcoin? Bid the share price up, scare people over the threat of the bubble bursting to where they start selling when the market is way up, then buy up a bunch once the price drops? Nothing that I can find would prevent that from being a possibility. And then we’re right back into a situation no different than our current mainstream economic conundrum. Disproportionate amount of currency cornered would grant some much more power than most, and nothing is likely to stop that from occurring eventually.

But is it all another government con-job? Maybe. Probably. I won’t claim to know. Just wouldn’t surprise me if so. And I don’t know what you do about that either. It’s like we can run but we can’t hide and most likely will be caught. I don’t like it any better than the next person. And I wish I had an alternative to suggest.

This is why I get to thinking that we’re going into this dystopian future whether we like it or not. There don’t appear to be brakes on this runaway train. Corruption is real and it runs deep. Why? Because power and prestige is very enticing to humans. Control matters. For as innovative and daring as we are, we’re also very predictable in terms of group behavior. Marketing efforts have demonstrated this. We can be swayed and directed rather easily if you know what buttons to push, and the study of psychology has been all the rage for the last century. These are not stupid people running major institutions and agencies, and plenty of them probably honestly think they’re on the right side of history and that they’re protecting our nation and citizenry. Probably…

People often believe whatever they wish to were true. Facts are a funny thing — turns out not as stable and widely accepted as we like to think. What’s popularly assumed so often isn’t what’s actually true.

Don’t know when the shift in this direction occurred. Perhaps it’s always been this way on up through the ages, or perhaps societies always devolved into some version of what we’re experiencing. But what’s perceived by us  on the ground as decline heralds the rise of something else to those who stand to benefit. But really nobody truly benefits during dark ages, despite what power one may possess. At least that’s my thought on the matter.

I just don’t know that we can stop whatever’s coming. Not sure we can even reason with it at this point. It’s behaving like a force of nature by now. Prepare to be lied to and deceived. Utopia is not on the horizon, not in the foreseeable future.

Oh, and as for silver and gold — their true value is going the way of the dinosaurs so far as I can tell. Will retain some commercial value, but can it serve as currency in this day and age? No. (And, again, what stops a few from cornering that market? Nothing. Already happened before and will happen again, you can bet on it.) Many people are having a hard time wrapping their heads around such a claim, but I do believe it to be true. I guess time will tell…