States like Iran's Islamic regime are some of the hugest #bitcoin miners, spoiling electricity and much other resources which naturally belong to people. And where do these bitcoins go? Yes, deep State crimes such as #IRGC arm trafficking to terrorist paramilitaries or other fash State armies – this is only one example of State-related adoption of the tech. Then, how could one find this otherlevel of capital which is in a direct filiation with States liberating?
Discussion
The fact that #Bitcoin can be used by your enemies and truly evil people as well as freedom loving hard working people is truly liberating. Here's why.
First of all #Bitcoin gives you the irrevocable right to your money. It is a neutral tech, & doesn't care how moral or heinous you are.
Would you critize the gold asset class because it was effectively used by the Nazis? Of course not. Gold was the best tech to store value across time in the 1940s.
Today, #Bitcoin is used by truly monstrous evil people as well as honest hard working mums and dads because it is the most effective tool to store and transmit wealth that has ever existed.
But here's the silver lining--in a society where strong private property rights are enforced for all, freedom is far more powerful and productive than tyranny. And #Bitcoin is the trojan horse that allows normal plebs like me to enforce our private property rights.
States that remain on a centrally controlled fiat money standard will flounder and fail like North Korea.
But groups of people who use a truly sound money to store and trade will flourish and thrive and outcompete their fiat money Neanderthal cousins.
It seems like bitcoin people just can't see the bigger image, the real image : the point is that bitcoin is nothing other than a more deterritorialized flow of capital invading humanity in favor of those already-in-power; it is not a savior! For a poor guy like me who doesn't even own a dollar, bitcoin is nothing than a shitshow. However, for my bosses, my oppressors, my State who have been already the capitalists of the society bitcoin does the best. The fact that some hardworking dad or mom can invest in bitcoin on a decentralized network does never change the cruel and brutal reality of the capital-flow; it even makes it go further in exploitation. We need just to stop praising this thing.
What's your point?
I've been aware of this since I live in Iran. My point is that bitcoin is nothing other than a more deterritorialized flow of capital invading the humanity in favor of those already-in-power; it is not a savior!