Brilliant and funny #Bitcoin rant by John Ratcliff : Bitcoin is tiny. Bitcoin is so small that its daily transaction volume could be excused as round off error at most major banks. Bitcoin is so tiny, it is so obscure, it is so volatile, and it is so irrelevant, that not only should MasterCard not be worried about it, neither should payday loans companies either. It is a fact that bitcoin is obscure, difficult, volatile and tiny. Given these facts, you have to wonder why companies like MasterCard, as well as major world governments, attack it with such ferocity? Let me tell you why. Because when the human population recognizes that what unit of currency they choose to invest with value is both arbitrary and based entirely on their own personal belief, then it can change in instant. Many people, most people in fact, who have led their lives being hypnotized by money, are completely bamboozled to believe that only governments can create currency and give it value. However, occasionally, when a government currency collapses before our very eyes the veil is lifted for a moment and we realize that governments dont give a currency value, we do. The reason governments and banks are frightened of bitcoin, even though it is very tiny, is because some of them know that the whole thing is a house of cards that can collapse in a moment. Think about it for a second. How come when someone hands you a sheet of paper with the #100 printed on it you will give them a 100 times more stuff then if they give you the same sheet of paper but with ink printing #1 instead? The answer is within. It is because of what you personally believe. Have you ever had someone refuse to accept a $100 bill, and remember how angry that made you because you knew, in your heart, that it was money too? You couldnt enforce your will on that merchant and neither could the government. As soon as that person decided your $100 bill wasnt money then it wasnt any more and it reverted back to being a sheet of paper with ink on it. All money derives its strength based purely on a shared belief within a community. If you dont believe this to be true then I have a one trillion dollar bill I want to sell you... The reason huge corporations and governments are afraid of bitcoin, even though it is tiny and inconsequential, is simply because they recognize that at any point, at any time, through sheer belief alone, the hypnotized people of the world can wake up and, with a snap of our fingers, use something else.
Posted on: Wed, 17 Dec 2014 16:25:50 +0000
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