Try closing your eyes and imagine feeding the homeless, providing affordable medicine, emerging small businesses to meet the needs of our communities with borderless, censorship free peer to peer (P2P) electronic payments.
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These and many more are simple, practical activities and tools which if leveraged in the decentralized fashion can/would benefit the human society immensely. Why then do we see governments across the globe consistently (some with so much violence) stand against such progress (isn’t this what they signed up for under oat, you know... to make life easier than their predecessors)? A clear instance of this crypto suffocation is found in Nigeria’s persistent ban (with no hope a of a lift in sight anytime soon) on any transaction related to cryptocurrencies. For an emerging economy as Nigeria, whose economic concentration is centered on crude oil (and crude almost alone), one would expect that the government of the day would embrace with open hand and do everything in its federal power to facilitate the trade of bitcoin and all altcoins alike. What better seamless means of economy diversification could there be? Another example was in Germany last year when the government placed a ban on all non-licensed bitcoin ATMs. Quite an unending scenarios to mention a few, not just stringent on bitcoin and crypto, but the spotlight beams graciously on Governments and Her fears for bitcoin and the emergence of armies of financial free states.
Why and What?
Self-Sufficiency: Why is the State scampering?
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Before we go any further please note that this article attempts to scrutinize specific instances of the Government crippling human progress, and end up making everybody’s life worse for supposedly trying to help and protect people.
As we think further into retro history the picture becomes clear as history repeats itself: showing that the regulators, politicians, rulers and central bankers of the world could give a damn about you. It’s always been about control, power, consistently scouring for anything that threatens their grip which this innovation and practicality the blockchain presents puts them in panic mode.
Peers to Peer (P2P): A Threat to the State
“With ready nets they came to fish for potatoes tubers in the river, but the strongmen held them back; in rickety cars they came to get the dumped oranges, alas, kerosene was sprayed. Stand still they looked on floating potatoes, they eerily listened to the screams of pigs killed in a ditch and covered with marred clay, what a waste of good pork, mountains of rotten oranges slopping down with a stomach wrenching ooze; and in the visible watered eyes of the people, there is failure; in the eyes of the hungry, a surging wrath.”
Let’s assume for a moment, workers now able to seek employment devoid of fear of their families being caged for crossing an arbitrary, non private property line called a “border”. Now stop assuming, wouldn’t that would be decentralized chaos?
Another example of Decentralized chaos was founder of the nonprofit Love Thy Neighbor, Arnold Abbott who was a 90year man arrested by Florida police for feeding the homeless on the streets. Further buttressing, he had been arrested serially for taking direct, peer-to-peer action of voluntarily helping the less fortunate members of his community.
An economist Jeffrey Tucker writes in his article, How Government Wrecked the Gas Can
These days, the government is always open to misery-making suggestion. The notion that public policies somehow makes life better is a relic of days gone by. It’s as though government has decided to specialize in what it is best at and adopts a new principle: Let us leave social progress to the private sectors; as we in the government will concentrate on causing suffering and unseen regress.
The sacred area of control most desperately guarded by government, is ultimately run by people with guns and authority back with Federal might, threatening anyone who tries to use their own kind of money freely. This is chaos.
Bitcoin Already Works, No Gov Needed
Government outh to be a symbiotic relationship especially in democratic era, but this relationship now turned parasitic thrives on the back of its citizens with increasing burdens of taxes and more taxes, yet the government want to regulate how much money is in circulation, they want to spend tax payers monies to print the same money they should spend. They do not create jobs therefore employment becomes elusive.
Bitcoin is a threat to remove this pesky leech, and swat the sucking mosquito of centralized control into extinction, by making money itself separate from the state power/regulations.
Blockchain blossoming into a good example of “anarchy readily in action. It is the same anarchy that should be present in any working society/system where the participants or elements involved are incentivized and prone to work together. Blockchain provides the enabling working environment.
So long as there are people with vast value for innovation, practicality, and freedom, bitcoin will continue to be a blinding middle finger pointed right at the state in the name of decentralized, censorship free order.
It already works impressively well, can be transferred and taken anywhere by anyone in relative privacy — very affordable and is built on a much better value proposition than the present government’s central bank’s every devaluing fiat trash. Of course, thanks to all this practical convenience and benefit to the masses which in turn presents the government with a loosed grip on control, the state hates it.