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Author Topic: Does Bitcoin need a graven image? Is Bitcoin sacred money? A homily for Man.  (Read 136 times)
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Let's talk governance, lipstick, and pigs.

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August 29, 2015, 11:51:11 PM

Legal tender laws have always been the orb of power since Rome. They order us to "render unto Caesar" and trust God when in fact we are putting faith in a symbol. Thinking of the blockchain as a vault of coins makes it a target for power mongers. It needs no such name. It needs no graven image. It is only a blockchain. A secret handshake called key signing is all you need to send it's message of value. Let's remove the orb and not mention it's name in public.

I propose Bitcoin not be used to satisfy debt. There are many ways to use the blockchain other than a means to satisfy debt. In fact, it works much better as a commodity for barter. The practice of price lists has diminished our individual power to negotiate and has made us weaker as a society. Price lists should be replaced by electronically created prices quotes. Vendors need to take more responsibility for valuing their service and products. This way, people will stop thinking in terms of fiat money and instead in terms of whatever they prefer to use as a measure of value, like gold.

The same goes for Bitcoin exchanges. They should stop listing in terms of fiat money and use commodities instead. It is our responsibility to stop using the corrupt banking system. The internet gives us the power to take back individual liberty and choose how we trade. Cryptocurrencies give us the power of privacy in our business dealings to protect that liberty.

Any significantly advanced cryptocurrency is indistinguishable from Ponzi Tulips.
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