Is that the people who are most privileged by the financial system are the hardest to convert because they arguably have the most to lose from jumping ship. The persistence of the fiat machine relies heavily on the “Cantillon” class who are incentivized to bring ever more minions under their purview. And what’s a more powerful tool of persuasion than the money printer itself?

This is why we see the most pushback from wealthy bankers and money managers, the likes of Jamie Dimon and Ray Dalio. Not surprisingly, the most fearful rhetoric comes from the upper echelons of central banking. Central banks are supranational entities that have subtly extracted themselves from nearly all oversight and so must express a distaste for anything they don’t have a hand in. They then defend their position as the self-appointed arbiters of financial stability. The sentiments of central bankers toward bitcoin is rather telling of where their interest truly lies. Fortunately, bitcoin doesn’t need the approval of the immovable incumbents; their competitors in rising economies will adopt a bitcoin standard, gradually then suddenly setting off a global fomo. One by one, they come to the light, or they go the way of the dinosaurs. In bitcoin we say everyone gets the price they deserve.

I can understand the conflicts of interest in a business sense. When you have a job to do, what you say at work doesn’t necessarily reflect your personal views. Okay. But I have less sympathy for people that resort to attacking bitcoin because they believe they’re too late to invest (save) and think if they can’t be the boss of it then it shouldn’t exist. This is quite clearly an issue of human ego. Indeed one has to learn to subjugate the ego to appreciate what bitcoin has to offer — which is at the same time freedom and solidarity.

© Tyler Parks