I contemplate myself a progressive particular person as a result of I look around the globe and I see that it’s not simply, truthful, equitable, or peaceable. I’ve all the time appeared for methods to make the world higher, and I’ve all the time carried out that from throughout the techniques I acknowledged as damaged. For many of my grownup life, I’ve anticipated the federal government (one instance of a damaged system) to make guidelines and legal guidelines that nudge the system nearer to justice, equity, fairness, and peace. Isn’t that the perfect we will hope for?
One cause why I encourage you to study Bitcoin is so you possibly can query the present system by means of one other lens. Studying extra about how and why Bitcoin works is just one half of the journey. Bitcoin additionally offers a chance to look at the unexamined, research the water round us, and ask powerful questions in regards to the techniques we’ve all the time lived with. It presents the chance to ask questions we by no means actually ask. What’s cash? Who controls it and the way? Who ought to management it? Studying about Bitcoin empowers you to think about what issues is perhaps like if we exchange a construction we intuitively know is unjust however have by no means had the vocabulary to query earlier than.
The concept the financial system may at some point be all the way in which mounted has by no means appeared like an actual chance. The concept all the system might be changed—the water round us that we don’t discover—has by no means been a chance both. But whereas a lot of my liberal mates are very adept at declaring systemic inequities, proposals for systemic change to exchange the techniques that trigger these unfairnesses are few and much between. Actually monetary and financial techniques are techniques that one doesn’t often look at, however a greater understanding of Bitcoin apparently presents you a greater understanding of the techniques it seeks to exchange, and why incremental change gained’t basically handle its unfairnesses. It additionally means that you can think about, maybe for the primary time, a world with out these inequities.
The world is managed by political, social, financial, and navy techniques that each create and rely on the hegemony of the USA greenback. Unfairness, inequity, and violence are woven into the material of those techniques. They’re inexorable components of these techniques, not simply unlucky externalities that exist on high of in any other case wholesome buildings. To take only one instance, wealth inequality isn’t just an unlucky factor that occurs as a result of some grasping folks break the principles and get away with it. It’s a vital and built-in function of a system that relies on a hegemonic United States greenback being a world reserve asset (see Chapter 7). However now, for the primary time in human historical past, we’ve a possible financial invention that would overhaul the system, not simply tweak it from inside to be just a little extra truthful.
In my expertise, the extra an individual is aware of in regards to the legacy monetary system, the extra they dislike it. Henry Ford is credited, probably incorrectly, with having stated, “It’s properly sufficient that individuals of the nation don’t perceive our banking and financial system, for in the event that they did, I consider there could be a revolution earlier than tomorrow morning.”5 Bitcoin might be the nudge that can assist you study our banking and financial system and begin a peaceable revolution.
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5: “The Reality Is Out: Cash Is Simply Created, and the Banks Are Rolling in It,” Underground Community, accessed November 29, 2022, https://underground.internet/cash/the-truth-is-out-and-the-banks-are-rolling-in-it/.