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1  Bitcoin / Bitcoin Discussion / The blockchain and it's timing in history. on: March 08, 2015, 04:03:28 PM
Posted it on reddit, might aswell post it here.

In my mind,the invention of the blockchain at this time in history isn't a coincidence. It's a product of a need and means to a way. I think that it has great resemblences to the invention of the bookpress and printing. The bookpress was invented because it was a necessity at that time to easely spread ideas that opposed the dogmatic autoritarian belief system and increased literacy in the progress. This in turn led (or at the very least greatly helped) to enlightment, scientific revolution and reformation. I believe the blockchain and bitcoin is an alternative to the dogmatic autoritarian system that is our current monetary system. And the understanding of the blockchain technology can lead to economic literacy.

It also coincides with the 6th/7th stage in the life cycles of great powers and the shift from greatly devaluated currency back to real money as it is explained here:
https://www.youtube.com/watch?v=EdSq5H7awi8
 

Why are people so hung on the fact that our current monetary system is to big to fail. Do they believe we're at the pinnacle of social evolution and the political, economical and financial structures can't evolve any further? If you're looking at at all the events that happen in the world today we're slapped in the face with facts that the current status quo is starting to fall apart. The world is rebelling against the domination of the petrodollar, the formation of BRICS,.... The only way the dollar can uphold it's power is ultimatly through military power and as we have seen it's that very same military that siphons the wealth away from the empire that wields it.

The blockchain that can't exist without bitcoin (Andreas 'Anology' Antonopoulos explains this very well: https://www.youtube.com/watch?v=J8y_GypCWf4
 
) is a disruptive technology that can help society shapeshift into something more global. It enables global human economic interaction without the nationalistic connotations that are a burden on todays national fiat currencies and lead to devastating economical wrangling between nations. This doesn't mean the ones in power now suddenly won't be anymore but at least the'll have to alter the ways in which they siphon wealth from all of us and in the process we might get a bit of power back.

From another discussion I cherrypicked the following: "You are as much of slave to fiat as the rest of us."

When I realised this a while ago, that was the moment I decided in order to try escape from this, I had to educate myself on how all this monetary shit really works. While educating myself I became flabbergasted by the level of oblivion we the sheeple have in regards to all these matters that rule our life.

To explain what I mean I'll again refer to the video series shown previously.( they did quite a good job to make it understandable) https://www.youtube.com/watch?v=iFDe5kUUyT0
 

Do you also recognise how bitcoin creates an oppertunity to babystep out of this system and how it is invented out of an actual need?

Another thing I often hear is the fact that many hold on to their bitcoins and don't use them as a "currency" should be used. That is the whole situation backwards! It shows how brainwashed we are into our current system that we think it's a bad thing to be able to save a token that represents our labour instead of having to "invest" this token in order for it to remain of the same value. Or the simple fact that it encourages you to directly spend and live in the now instead of thinking about (and by doing so, questioning) the future. The more knowledgable I become about all of this the more I urge my mother, sisters, friends,.. to educate themselves and the more I'm convinced that dismissing Bitcoin is a mistake of a lifetime. Not recognizing the potential bitcoin holds, is mostly due to the fact that that we all have a tendency to dismiss change and hold on unto false and dogmatic premises. This could also explain why bitcoiners are often regarded and ridiculed to as a cult, one uses existing dominant templates as reference fields to compare new and unknown things.

The truth is, I wasn't interested in these kind of subjects like an illiterate isn't interested in getting information out of a book. The fact that I am now questioning and learning all of this leads me to believe that many more are becoming aware of this. After all, I'm not a special snowflake!

This gets me back to the beginning of this post so the circlejerk is completed.
2  Economy / Speculation / commission free trading on bitstamp till Jan 17th on: January 09, 2015, 09:48:05 PM
Just noticed this.

https://www.bitstamp.net/article/bitstamp-is-open-for-business-better-than-ever/

"As a note of thanks to our loyal customers, all transactions conducted on Bitstamp through the end of the North American Bitcoin Conference -- January 17th (at 11:59pm UTC) -- will be commission-free."


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