The increasing mania for bitcoin and bitcoin derivatives among ordinary people can be explained entirely by the subconscious terror they feel as the socioeconomic system they were raised in collapses around them.
cut off from access to land ownership, from guild protected jobs, from even the basic social function of providing stable schooling, infrastructure and healthcare, magic internet money which never goes down sounds like a great deal
they see their future in the serfdom of the gig economy and they maniacally pray to the internet to save them from that fate. they feel in their bones it's the last chance for them and their families.
bitcoin is not the golden dawning of a new era - it is the bonfire of the destruction of the old.
For which there is no credible replacement.
For which there is no credible replacement.
As nation states lose their grip, corporate feudalism will emerge as the dominant paradigm in an explicit way. Already taxation, one of the fundamental functions of the state, is eroded by corporate power.
All that is left is to splinter the monopoly on violence. This won't take long.
Bitcoin will prevent none of these. Power is not about owning currency. Owning currency is a result of power.
