Hidden Money Attributes – Bitcoin Magazine
This is an editorial by Mark Mariaa, entrepreneur, author of “Rainmaking Made Simple” and Bitcoiner.
In the final episode of the “Speaking Of Bitcoin” podcast embedded above, Andreas Antonopoulos put forward the idea that money has four uses instead of three. His first three are well-known at this point in the Bitcoiner space: store of value, medium of exchange, and unit of account. He makes a brief but persuasive argument that there is a fourth use for money: control. In this digital age, I would argue that his insight is both great and a blinding insight into the obvious!
Money often begins as a store of value. It then becomes the medium of exchange and ultimately the unit of account. Not always in this order, but often in that order. Antonopoulos points out that his fourth use is:
“Money as a management system. Money has added metadata, monitoring, control policies, firewalls, blocks, and geopolitics. Until this spiky, toxic mess.
A spiky toxic mess indeed! Just 22 years into the 21st century, things have gotten so bad that you may need to add a radioactive symbol to your money. Perhaps central bank digital currencies (CBDCs) could be given a salient warning? , makes it easy to deny access to your money if you don’t like what you say or do,’ or words to that effect.
This fourth use or function of money is very Popular with every government on earth. It’s monopoly money and no business is really used in a democratic society. ours” I am so frustrated with people in America who believe that capitalism has failed us! No capitalism. I’m not a hardcore advocate of capitalism, but every country has a monopoly on the currency used within their borders and they like it! We will create in every nation this walled garden that does not allow free choice. If our money is not free, we are not free. Without the freedom to choose how we spend our money, we are enslaved to the digital age.
Some countries are more advanced than others in using money to control their people. China and its surveillance coin (CBDC) are far ahead of most governments in using digital currencies to control their population.The Canadian government’s response to the Freedom Convoy is controlled by Western governments And it’s poignantly clear that it doesn’t hesitate to use digital money as a means of surveillance.
Moreover, the U.S. government uses the dollar as a control tool to send stimulus checks, keep interest rates artificially low, and cause a massive misallocation of capital. An example of a massive misallocation of capital in the US is his $4 trillion in 2020 health care costs. Another example is the bloated federal government.
Perhaps the most compelling example of money being used as a control tool in 2022 is the February 26th US freeze (confiscation/stealing) of billions of Russian reserves in response to its invasion of Ukraine. It happened when I did If one nuclear-armed state (the United States) can easily freeze access to another nuclear-armed state’s (Russia) stockpiles and it sends chills down your spine, you’re not paying attention. Some argue that February 26, 2022 is the beginning of the end for the US dollar as a global reserve currency.
Andreas goes further, explaining that using this fourth control “breaks the other three.”
“Money will stop working. [a] The medium of exchange – fatally breaks trade, because the border controls you put in place break trade. Money is so volatile that it ceases to function as a unit of account.And money will stop working like [a] A store of value, as geopolitics affect long-term stability. You bought control at the expense of the nature of money. You can’t have all four. Do you want to use your money as a ruler or a hitting stick? you can’t have both. ”
If a government can print its own currency (actually an IOU) into oblivion, it loses its quality of being a store of value. Being able to control and monitor the use of our national currency in every transaction made by citizens makes it less valuable as a medium of exchange (at least in electronic form), not to mention an unspeakable violation of personal liberty and privacy. And as we’ve learned from hyperinflationary currencies, it doesn’t make sense to use it as a unit of account if it needs to change the price of anything in the store so often that it loses its value for that purpose. .
In an age where most money is digitized, not only is this fourth use of money ubiquitous, but most people blindly accept that governments control their currencies exclusively. It’s chilling to think about. How do you allow this in a “free market” country? How is it possible to have a monopoly money in the form of a “democratic” government? Rather than write a long book about this, it might be helpful to explain the classic bait and switch, or what most people in the field like to call it ragpull.
Here’s how it works:
Step 1: Circulate Commodity Collateral Currency (Gold).
Step 2: Issue banknotes backed by this product to enhance transaction convenience.
Step 3: Make it illegal for citizens to hold goods/money.
Step 4: Convince other countries to tie their currencies to yours and exchange them for commodities.
Step 5: Unilaterally remove the peg to Commodity/Gold in 1971.
Step 6: Develop technology to make digital currency easier to use.
Step 7: Pass a series of laws that allow money to be controlled and monitored. *
Step 8: Stir big platforms such as Google/Apple/Amazon/Facebook.
Step 9: Mix well and you have a “tool for enslavement” cocktail.
*Bank Secrecy Act of 1970. Anti-Money Laundering Act (1986); Drug Abuse Prevention Act, 1988. The Annunzio-Wylie Anti-Money Laundering Act (1992); the Anti-Money Laundering Act (1994); the Money Laundering and Financial Crimes Act (1998); Unite and strengthen America by providing the right tools needed to thwart; the Anti-Money Laundering Act of 2020.
Even George Orwell would be shocked at how quickly and willingly people would allow totalitarian control of money.
Voila! A rug that pulls money as a form of control is complete. And the best part is that very few people saw it coming.
Enter Bitcoin, the way money was a bearer asset with privacy at Layer 1 before Surveillance State and Surveillance Coin (CBDC) entered the lexicon and our culture. We are at the dawn of the modern era for money. If this fourth way of spending money was taught in elementary school, we could educate the next generation about why Bitcoin makes so much sense. Bitcoin is free money that exists for people, by people, and for people.
All other currencies on earth are monopoly money used primarily for the control and monitoring of its population and exist almost exclusively for the benefit of the state. This is why more and more people are beginning to realize that separating money from the state is so important to freedom.
A call to action is: For those who want to opt out of the surveillance state, buy bitcoin. If you want to join the peaceful revolution, buy bitcoin. For those who want to say no to debt slavery, buy bitcoin.
This is a guest post by Mark Mariaa.Any opinions expressed are entirely their own and may not necessarily be those of BTC Inc. or Bitcoin magazine.
Hidden Money Attributes – Bitcoin Magazine
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