START WITH THE TRUTH -
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THE STATE OF A FREE MARKET IS DEFLATION
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RECOGNIZE THE STATE OF THE WORLDS "FREE MARKET" HAS BEEN DEFLATIONARY BUT HAMSTRUNG BY THE REQUIREMENT OF IT HAVING BEEN BUILT UPON A DEBT BASED SYSTEM/LEDGER - (MY DEFINITION OF DEBT-BASED IS ANOTHER WAY OF SAYING THEFT BASED...AS DEBT IS EFFECTIVELY REDUCING THE VALUE OF YOUR FUTURE PRODUCTIVITY GAINS)
2.1 - I WANT TO REALLY EMPHASIZE THIS POINT HERE - THIS IS THE ESSENCE OF THE SYSTEM TODAY - WE ALL HAVE BEEN TAUGHT TO BELIEVE THAT THE FUTURE VALUE OF MONEY WILL BE LESS THAN IT IS TODAY....(DON'T TAKE MY WORD FOR IT GOOGLE - TIME VALUE OF MONEY)
THIS CONCEPT IS WHAT NEARLY EVERY MARKET IN THE WORLD IS BUILT UPON....THIS CONCEPT IS SAYING THAT YOUR VALUE THAT YOU WORK SO HARD FOR TODAY...IS GOING TO BE WORTHLESS TOMORROW???
AND WHY IS THAT? THIS IS THE QUESTION YOU NEED TO ANSWER FOR YOURSELF...YOUR COMPANY....YOUR CHILDREN....
WHY IS THE WORK VALUE YOU CREATED TODAY WORTH LESS TOMORROW?
NOW ASK YOURSELF - DOES IT HAVE TO BE? CAN THE SYSTEM BE CHANGED? CAN MY VALUE BE WORTH AS MUCH IF NOT MORE TOMORROW THAN IT WAS TODAY? COULD MY LIFE BE GETTING EASIER FOR ME IN THE FUTURE IF I WORK REALLY HARD TODAY AND PROVIDE MORE VALUE THAN I CONSUME?
- NOW - FOCUS REAL HARD HERE - IMAGINE THE WORLDS MARKETS BUILT UPON A SYSTEM/LEDGER THAT IS BASED UPON A COMMUNICATION PROTOCOL THAT IS ABLE TO ACCURATELY RETAIN AND REPRESENT YOUR VALUE CONTRIBUTED TODAY....INTO THE FUTURE FOR ALL TO SEE AND BELIEVE.
THIS CONCEPT/SYSTEM/LEDGER IS PROBABLY ONE OF THE MOST IMPORTANT EFFECTS OF USING BITCOINS BLOCKCHAIN TO RECORD TRANSACTIONS OF VALUE.
BITCOIN IS BECOMING THE WORLD'S MOST -
OPEN, DECENTRALIZED, SECURE, PROTOCOL, BOUNDED BY ENERGY THAT IS CAPABLE OF PROVIDED VERIFIABLE RECORDS OF VALUE CREATION/DESTRUCTION OVER TIME AND THROUGH SPACE.
AND HERE'S THE KICKER -
BITCOIN DOESN'T CARE IF YOU READ THIS AND THINK I AM CRAZY - IT DOESN'T CARE IF YOUR NEIGHBOR, FINANCIAL ADVISOR, TRUSTED MENTOR...WHOEVER THINKS I AM CRAZY....
BITCOIN IS SIMPLY DOING IT'S THING AND EVERYTHING IN THE WORLD IS TRANSITIONING INTO/ONTO THE NETWORK.
HERE IS WHY -
WHEN HUMANS OPERATE IN/ON A SYSTEM BUILT UPON THEFT OF YOUR FUTURE VALUE - IT HAS 2ND AND 3RD ORDER EFFECTS THAT ARE ALSO EXTRACTIVE IN NATURE - THIS IS UNDENIABLE AND WHY YOU LOOK AROUND AND THINK THE WORLD IS GOING SHIT...
WHEN HUMANS OPERATE IN/ON A SYSTEM BUILT UPON AN OPEN, DECENTRALIZED, SECURE, PROTOCOL BOUNDED BY ENERGY - THE 2ND AND 3RD ORDER EFFECTS BECOME ALIGNED WITH THAT BASE LAYER AND TURN FROM EXTRACTIVE TO COOPERATIVE (AT WORST) AND ADDITIVE (AT BEST)....
NOW IMAGINE - IF YOU DIDN'T KNOW ANYTHING ....YOU WERE JUST WAKING UP TO FIND YOURSELF WITH THE COICE OF THESE TWO SYSTEMS TO LIVE IN, AND DEDICATE YOUR ENERGY TOWARDS....WHICH WOULD YOU CHOOSE?
(THANKS TO ALL THOSE WHO HAVE COME BEFORE ME AND FOR ALL THOSE COMING NEXT)
(SPECIAL THANKS TO JEFF BOOTH FOR SUCH A GREAT DEFINITION OF BITCOIN)