The biggest growing metaphysical problem today: it’s hard to tell what is real and what is generated. Those alive today remember a world before AI. Implicitly, we rely on that when evaluating the verity of information. New generations will not be so lucky. To them, any human history could conceivably have been invented. They won’t be able to believe events of the past let alone current events of their present. I believe this will lead to social detachment and disassociation. It also presents a greater opportunity for authoritarian regimes to reinvent history.
Some system of digital proof of history needs to established. Perhaps the only way is democratic - where individuals can attest whether a certain event truly happened, and inscribe that vote into the bitcoin blockchain. The issue is how to do this without bots rigging the vote. How can a voting system be established where:
1. Each voter is verifiably human
2. Each voter gets only one vote
3. Voters are incentivized to vote in good faith
4. The voting system is decentralized. No gov ID/ biometrics are captured for each voter
I’m finally reading “The Creature from Jekyll Island”. Main takeaways:
1. Central banking is a conspiracy between governments and bankers to enrich themselves and stay in power.
2. The roots of fiat and central banking reach much past the depleted topsoil of the last 100 years. Bitcoiners would do well to understand that the Fed is a modern version of other central banks.
3. Central banking relies on usury, where bankers are able to charge interest on money they conjured out of nothing, simply by the permission of the state.
4. Central banking causes inflation, the greatest hidden tax on the populations of the world.
5. Central banking is the major component of a 120 year old plan to gradually redistribute the world’s wealth, create a world socialist government, and a world central currency backed by nothing. All for the benefit of the financial, ruling class.
6. Central bankers have no allegiance to states, and often finance both sides of wars.
7. Central banks bail out commercial banks and corporations, and pass on the cost of those bailouts to the population through inflation.
8. The populations of the world are largely completely unaware that their governments are stealing their earnings through inflation. They simply have no understanding of how central banking works.
Finally, opinions: after reading some few hundred pages, I don’t think Bitcoiners are aware enough of just how terrible central banking is, and how it’s a global practice through the IMF that has caused horrible value destruction and bloodshed.
Further, it seems Bitcoiners really think that world governments will make violent efforts to make transacting illegal within their jurisdictions. I believe that they will, as soon as Bitcoin presents enough of a threat to their system of money creation and world domination. In this event, civil disobedience cannot suffice unless a large enough percentage of a country’s population is already using bitcoin as a med of exchange. There will simply not be enough outcry from the already ignorant populations.
I think that world governments are more interested in castrating bitcoin before trying to quell its use as a currency. This is already in process through KYC laws and cap gains reporting requirements. I believe that there will be more efforts, that if successful will lawfully require citizens to identify themselves and the recipient(s) of a transaction. Too many will comply, and it will be very difficult not to, if one’s UTXOs are already KYC.
Lastly, I’m apprehensive of the new world order described by this book. Someday, our fiat currency will fail. Indeed, it’s designed to fail. The entire system is designed to fail eventually, and meanwhile enrich the ruling class. The difference is that this time, tools of mass surveillance may be sufficient in quelling dissent. And without enough ability to organize dissent, populations will not be able to overthrow their corrupt governments.
I recommend that every bitcoiner read “The Creature from Jekyll Island”. I wish that every single citizen of the world would read it as well. Unfortunately, the people are completely asleep, and the corrupt practices of central banking rumble along, toward the destruction of capital and human lives.