Liberty! Why Bitcoin is One of the Most Revolutionary Technologies Ever Created – A Guide to Freedom
Liberty! Why Bitcoin is One of the Most Revolutionary Technologies Ever Created – A Guide to Freedom… Central bankers hate Bitcoin. For example, Christine Lagarde, the European Central Bank (ECB) President and former head of the International Monetary Fund (IMF), who was convicted of negligence in France back in 2018 after allowing a businessman to be paid €400 million in public funds, recently called for bad Bitcoin to be regulated globally.
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Central bankers hate Bitcoin not because it is a scam, a bubble, or something only used by terrorists, criminals, or crackpots. The real reason why central bankers hate Bitcoin is because it is a genius form of money that exists outside of their system of centralized financial control. For this fundamental reason alone, Bitcoin is one of the most revolutionary and empowering technologies in the history of human civilization.
Bitcoin promotes freedom and individual sovereignty, allowing people to control their money whilst reducing the need for third parties. It is one of the few times in history that a system of money has been created that is not issued and controlled by a government or a central bank. Furthermore, it is probably the only system of workable money ever created that is decentralized and not privately controlled, as some private institutions have issued bank notes in the past.
There is no CEO of Bitcoin, no company address, no helpline, no office – no centralized authority that can arbitrarily change the rules of the game. Essentially, Bitcoin is owned and controlled by those who buy and use it, governed only by its protocol.
BBC News (20 Dec. 2016) Christine Lagarde: IMF chief convicted over payout Christine Lagarde: IMF chief convicted over payout - BBC News
France 24 (19. Dec 2016) IMF's Lagarde guilty of 'negligence' but avoids sentence over 2008 payout https://www.france24.com/en/20161219-imf-christine-lagarde-found-guilty-negligence-2008-payout-french-tycoon-tapie
Tanzeel Akhtar (13 Jan. 2021) ECB’s Christine Lagarde Says ‘Speculative’ Bitcoin Needs Global Regulation, Coindesk ECB's Christine Lagarde Says 'Speculative' Bitcoin Needs Global Regulation - CoinDesk
Nick Szabo (23 March, 2018) The many traditions of non-governmental money (part i), Unenumerated Blog https://unenumerated.blogspot.com/2018/03/the-many-traditions-of-non-governmental.html
RT (5 February, 2021) German authorities can’t access $60 million of seized bitcoins, after fraudster refuses to give them password https://www.rt.com/news/514714-german-authorities-cant-access-bitcoin/
Insight History (21 May, 2020) A Global Cashless Society Has Been the Goal of Gates Since 2012 A Global Cashless Society Has Been the Goal of Gates Since 2012 (insighthistory.com)
Bank for International Settlements (9 Oct. 2020) Central banks and BIS publish first central bank digital currency (CBDC) report laying out key requirements Press release: Central banks and BIS publish first central bank digital currency (CBDC) report laying out key requirements
Sam Bourgi (10 Nov. 2020) Lebanon to launch digital currency in face of economic and financial turmoil, Cointelegraph Lebanon to launch digital currency in face of economic and financial turmoil (cointelegraph.com)
Rakesh Sharma (9 Dec. 2020) Investopedia Understanding China's Digital Yuan Understanding China's Digital Yuan (investopedia.com)
European Central Bank, A digital euro A digital euro (europa.eu)
Arjun Kharpal (8 Dec. 2020) Facebook hopes the cryptocurrency it backs will launch in 2021, top exec says, CNBC https://www.cnbc.com/2020/12/08/facebook-hopes-the-cryptocurrency-diem-it-backs-will-launch-in-2021.html
Satoshi Nakamoto (2008) Bitcoin: A Peer-to-Peer Electronic Cash System https://bitcoin.org/bitcoin.pdf
Adam Hayes (17 Dec. 2020) What Happens to Bitcoin After All 21 Million Are Mined? Investopedia https://www.investopedia.com/tech/what-happens-bitcoin-after-21-million-mined/
Nick Szabo (29 Dec. 2005) Bit Gold, Satoshi Nakamoto Institute Bit Gold | Satoshi Nakamoto Institute
Jameson Loop (9 April, 2016) Bitcoin and the Rise of the Cypherpunks, Coindesk https://www.coindesk.com/the-rise-of-the-cypherpunks
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