Discussion around Bitcoin for years relegated it to being a bubble, tulipmania or some Ponzi scheme, but now even disbelievers likely acknowledge that Bitcoin is here to stay. What they may not realize is that beneath the veneer of charlatans, gamblers and grifters is a movement slowly making progress towards a grand vision of the future. A future where money is the medium of a flourishing society rather than an oppressive arm of the state.
Since the odds of Bitcoin collapsing in on itself grow slimmer each passing day, Bitcoin’s enemies have begun coming to terms with what its steady progress means for them. As they slowly realize the ensuing revolution, politicians and central bankers are starting to say the quiet part out loud by arguing that Bitcoin is a threat.
For once, Bitcoin’s opponents are actually correct in their analysis of the subject. A threat is exactly what Bitcoin is: a vicious threat to fiat currencies and government coercion everywhere. While the media has chosen to spread this idea as Fear, Uncertainty and Doubt (FUD), Bitcoiners embrace it as the reason for Bitcoin’s entire existence: a practical means to separate money from state.
There are two falsehoods society has strangely accepted as truth: a) it is natural for government to control money and b) inflation is necessary. People argue in favor of separating powerful institutions when it comes to church and state, yet they do not apply that same logic when discussing money and state. Money’s impact…