Bitcoin and Crypto Currency Outside of Price Action

Price action is great but we must do our best to not let this be the driving force behind the entire crypto currency movement. Price itself is, in many ways, the least important aspect of the this of technology. Would a boarder-less, decentralized, immutable, permission-less payment settlement system that can not be stopped by banks and states have the same importance if it held a stable price since launch and did not offer a chance to increase one’s wealth? Yes! It can be argued that it would be more important as people would be more inclined to spend immediately, kick starting adoption.

With everyday people only having little knowledge of Bitcoin and crypto currencies outside of the price action, it is important for the people who understand the problems of central banking and fiat money to do their best to talk about anything and everything outside the price. We must educate one another on why Bitcoin and crypto currencies they are truly needed.

If people think they can ‘get rich’ from these coins, they will only sell them when the coin goes up in price. If people do not know how greedy and corrupt the banks have become, they will continue to support them. If they do not know that there are problems with the dollar, they will never know they should be staying clear of it. If they do not know about the Federal Reserve, they will not know how the dollar is manipulated and controlled arbitrarily at the wimps of bankers. If they do not have a solid understanding of what money is, they will never think anything is money outside of the dollar (or what ever else the state says is money).

These things must be cleared up for the crypto currency movement to succeed. Fortunately, this can be done rather simply! Most people do not trust banks, although some do not have clear reasons why. Let us provide them with detailed examples of the banks misdeeds. It is easier than ever to point to problems as they are popping up more and more these days.

Talk about how people are having accounts closed to avoid Public Relations issues. The banks do not care about politics. They will just as easily deny liberals access to their accounts as conservatives. It is only a matter of time before the pendulum swings back. The banks just want to stay out of the spot light and will do anything they can to avoid it. Ask someone what they would do if their account was shut down over political affiliation. What about religious belief? Sexual orientation? The banks have taken the first steps in this direction. I doubt they will stop now that the door has been opened. And this is just one example.

Talk to them about fee’s. Talk to them about predatory lending practices. Talk to them about the banks insolvency. Talk to them of the privileges we as individuals are barred from like the Bail Out’s and the two tiered justice system. If an individual mismanages their account and bounces a check, they are changed a fee. If the bank mismanages their accounts they are given the difference by the Fed and offered better borrowing prices. If an individual is caught purchasing drugs they are fined or jailed and lose both the drugs and the money spent on them. If the banks are caught laundering money for Cartels, they charged a fine smaller than the money they made doing this illegal business and are allowed to carry on. They look at fines as an operational cost and as long as they profit more than the fine, it's business as usual for the bank.

Point out these things and let people know that there is finally an alternative. We can finally opt out of this corrupt greedy system that has been built to protect itself from the people.

The Federal Reserve is a harder beast to tackle but is not out of the grasp of the everyday person. Explaining factional reserve banking can be simply put as printing money. At this point, that is what it is. The Fed will lower the reserve as much as they need to. They are no longer concerned about reserves. This is inflation and inflation only affects the lower income brackets as they are the less equipt to handle it. Explain that it is deteriorating their savings, that in time 100 dollars will only be able to buy 90 dollars worth of goods. Or say something that is 100 dollars now will soon cost 110. These things can be understood by everyone, it really is that simple, and that is the Fed’s fear.

Talk about how the Fed chooses what industry to support. Finally saved enough for a down payment on house? Too bad, the Fed has decided to reign in the Housing sector and boost growth in Farming. They raised interest rates on Housing and lowered them on Farming so the banks took the cheaper money. You no longer qualify of the loan or will need a larger down payment. These are a few things the everyday person can look at and understand as problems the Fed causes.

Money is probably the hardest concept to discuss but again it is possible and is already happening. When Kendrick Lamar, one of the biggest artist in music today, asks ‘How much a dollar cost?’, people world wide began to wonder about money in a new way, maybe for the first the first time. What is a dollar? Why is it used? What gives a dollar value? Why does it have that value? Can something else have the type of value? Everyday people are already starting to ask these questions, in pockets and with different degrees of depth, but there are more than ever before. We need to capitals on this situation by educating them and pointing them in the right direction while this cultural zeitgeist surrounding money is here.

Medium of exchange is the most apparent and relatable to people. We all agree that a dollar has value so we except it in exchange of good and services. The important point to push across, though, is that we all agree and except to use it. It is voluntary. So that means we can all agree and except something else. We can agree to exit the corrupt banking system and no longer except their value declining currencies. We have a choice in currency and that is the bank’s and the Fed’s biggest secret of all. People are waking up to this!

There will be push back from the banks, of course. We are already seeing it. But the beauty and irony of it all is that it only shows more and more of their true colors. The more they scramble to keep control, the more they exert their power, and the more corrupt and greedy they appear to be. It is becoming increasingly obvious that they are only protecting themselves. But from who and from what? The answer is the people and the banks loss of control over the illusion that can create money. That is what they are protecting themselves from. Right now there has been massive chinks put into their armor and we need to keep the pressure on.

This is what we must be talking about. Price action is great but it pales in comparison to what is really happening. Bitcoin and crypto currencies are not a revolution in banking. They are the abolishment of banking. This point must be driven home until it is tiresome to talk about, until every lambo and moon meme not only relays the idea of wealth but also the death of the central banking system. It needs to be made as common place as the dollar has become. That is the most important aspect of Bitcoin and crypto currencies.

Thanks for reading.

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