Those with the patience of Job may wait for the monster that stole their freedom to return it, but we of lesser faith must take practical steps to eliminate Leviathan from our lives. For example, we can patronize doctors who accept cash rather than enrolling in Obummercare; we can look to sites like GoFundMe instead of banks for financial help; and we can use cryptocurrencies in lieu of FRNs.
To that end, Allan Stevo has published an inspiring defence of the oft-maligned Bitcoin. The Bitcoin Manifesto argues that entrepreneurs should work to improve cryptocurrency while also cautioning against Bitcoin’s limitations. Speaking of cryptocurrencies in general, Allan told me that they
will change finance the way the internet has changed commerce and the movement of information. Bitcoin is one cryptocurrency, it has first-to-market advantage but there are many other alternatives working hard to supplant it. The dominant brand name might not be Bitcoin but this industry will cause banking 20 years from now to be unrecognizable to us today – much like freer competition in telephonics brought us from the Western Electric 500 to the iPhone in under 25 years. …
Three billion people in the world are unbanked. Bitcoin changes that. Banking as we today know it must comply with strict regulation. Bitcoin makes every person a potential international, borderless investor and banker. This is the ultimate challenge to the established banking interests.”
And the sooner we get rid of those oppressive and oppressing “interests,” the better. You can wait for the State to do so (good luck, sucker!), or you can respond to Allan’s impassioned cry for entrepreneurs to come together around cryptocurrencies.
4:01 pm on June 8, 2017
