Bitcoin, Perfect Money For Humanity

The Covid-19 pandemic that blazed across 2020 has thrown the world into disarray. The economic damage that has triggered the break­down of the system signals a dire need for change. As the old system is getting disman­tled and global leaders jump in to fix the problems, Bitcoin is now gaining traction, increasing in price and welcoming new users daily.

Born and raised on the internet, Bitcoin is state­less money that is now even consid­ered to be the best candi­date for the world reserve currency. Some see the signif­i­cance of this innova­tion and its impact beyond finance. Billion­aire hedge fund manager Paul Tudor Jones, who became bullish on Bitcoin in 2020, remarked,

“A bet on Bitcoin is a bet on human ingenuity.”

The issues we now face, from poverty and climate change to conflicts among nations and human rights abuses, are global and cannot be resolved by any one country. In this article, I will argue how Bitcoin is a gift for humanity that can help ordinary people worldwide work together collab­o­ra­tively to meet those challenges and is perfect money that can guide us into the next stage of our civilization.

Bitcoin, invented during the finan­cial crisis in 2008, is free from the central authority of govern­ments and banks. In its 12 years of existence, the technology, with its unique feature of censor­ship resis­tance and permis­sion­less use, has allowed people to store value securely and transact with one another freely in a way that is unprece­dented in human history.

The roots of the problems that now confront humanity have to do with our modern world’s loss of its connec­tion to nature. We now have created a highly techno­log­ical civiliza­tion, and our way of life has become out of tune with the natural world. 

Society’s separa­tion from nature is traced back to the birth of the modern nation-state. The significant events that broke civilization’s harmony with nature took place in the conti­nent of North America when European settlers encoun­tered Native Ameri­cans. Back then, a true meeting of cultures did not occur. The possi­bility of creating a civiliza­tion through dialogue by opening and integrating other perspec­tives did not happen. 

Led by the God-ordained manifest destiny, European colonists crusaded toward the westward expan­sion. They destroyed the lives of the indige­nous people and their culture and declared nature dead. Philoso­pher Jacob Needleman (2002) eluci­dated how in their conquest of the land, men who were influ­enced by Enlight­en­ment ideas failed to under­stand the indige­nous culture that “was resting on a different state of conscious­ness than does our modern civiliza­tion” (p.202), one that was more deeply connected to the earth. 

This placed America in the trajec­tory of its devel­op­ment away from the original vision that lived in the land. At the time of the revolt against the British monarchy, Thomas Jefferson acknowl­edged in the Decla­ra­tion of Indepen­dence that the separa­tion of 13 colonies from Great Britain was entitled by “the Laws of Nature and of Nature’s God.” In their assault on nature, founders of the consti­tu­tional republic betrayed the ideals that inspired their own indepen­dence and denied the source of legit­i­macy that granted them their sover­eign existence.

In America, the New World, which promised to liberate people from the arbitrary power of the King, a force of monarchy — the polit­ical system based upon the rule of a single figure has quietly persisted. In estab­lishing the US consti­tu­tional Republic, there was recog­ni­tion of the impor­tance of the state’s ability to function indepen­dently, free from the church’s influ­ence. This was artic­u­lated by Jefferson’s concept of a “wall of separa­tion” between church and state and was placed in the Estab­lish­ment Clause of the First Amend­ment as the premise of religious freedom that prohibits the govern­ment from either advancing or hindering religion.

Despite this safeguard against the creation of a church-state, the European colonists’ uncon­scious bias against the indige­nous people’s way of life and a relation­ship to the land that was radically different from theirs, influ­enced the estab­lish­ment of a predom­i­nant religion in America. 

Jungian psychother­a­pist Rafael López-Pedraza (1990) noted how the Bible has become a basis of religious belief of Westerns and described its essence as “monotheism: the worship of one God, and the jealousy and wrath of that God if any other is worshipped” (p. 29). To the frame of mind shaped by Judeo-Chris­tian tradi­tion, Native American tribes’ animistic world­view that regards all things –animate and inani­mate possessing a living spirit as an embod­i­ment of the divine was consid­ered primi­tive and inferior. 

This European’s one-sided beliefs and attitudes, without having been carefully examined, formed a religion of American monotheism. The federal govern­ment worked to enforce this national religion by confining Native Ameri­cans to reser­va­tions, banning them from practicing their worship of nature, ceremo­nial dances, and rituals that were deeply woven into their everyday life. In the name of assim­i­la­tion, their children were put in boarding schools, and those First Nation people were made to adopt European cultural values, including conver­sion into Christianity.

One god that has now occupied America denounces the super­nat­ural world that under­lies the natural world. It preaches the doctrine of materi­alism — a belief that only the things that can be perceived through external senses exist and denies the reality beyond the physical.

The republic, under monothe­istic persua­sion, has charted a path of devel­op­ment that stands in opposi­tion to nature and measures its progress through the advance­ment of physical comfort. In this, money became an instru­ment for the ruling elites to maintain their exclu­sive control over people’s choices of faith.

The US dollar that was declared as legal tender by govern­ment decree, with the symbol of the Eye of Provi­dence watching over humanity, began to circu­late across the nation. Later, through the creation of the Federal Reserve in 1913, private corpo­ra­tions took the power to create money away from the government. 

Central banks have become the overlord to remake the world according to their own image. Econo­mists, with the idea of unlim­ited growth and the concept of gross domestic product (GDP), began their evange­lism to promote a materi­al­istic view of the world. 

The GDP was created as a common denom­i­nator to assess the health of the nation’s economy. It is defined as “the total monetary or market value of all the finished goods and services produced within a country’s borders in a specific time period.” This concept has trans­formed economics into empir­ical science.

Physi­cian and activist Vandana Shiva spoke about how the GDP was invented during the war as a part of the war machine and was used by econo­mists as a weapon to support the war economy. She explained how the GDP, called the “Manhattan Project” of economics, creates a very artifi­cial produc­tion boundary that says, “If you produce what you consume, you don’t produce.” 

Shiva noted how nature produces and consumes in an amazing cycle that sustains life, yet according to this arbitrarily defined growth measure that excludes economic activ­i­ties such as services and goods for personal consump­tion, this nature’s regen­er­a­tion is treated as non-production.

As a key concept in economics, the GDP was used to create a Pyramid Ponzi scheme that extracts from nature, turning it into lifeless objects to increase the material wealth of those on the top. It is a system of enslave­ment in which people are deprived of their ability to produce for themselves and be self-reliant. Instead, they are made to depend on large corpo­ra­tions to deliver the goods and services they need.

This plunder economy has been accel­er­ated by 21st-century consumer capitalism. The state-sponsored ortho­doxy of materi­alism denied man’s internal life, making people find value and meaning outside of themselves. Through sales marketing with adver­tising and branding, big business found a way to create in people a desire for consump­tion and manufac­ture a need for mass production.

Through Holly­wood, celebri­ties became idols for people’s worship. With their glamour, they presented to the public the myth of the American Dream that promises everyone equal oppor­tu­ni­ties to achieve a materi­ally affluent lifestyle. One by one, people were lured into the market and began to look for meaning through material acquisition.

This abstract concept of the GDP that now drives this consumer economy has been used to set a standard for a model citizen. Now the market sends a message; 'the more one engages in mindless consump­tion, the more one contributes to the increase of the GDP and becomes virtuous.'

Guided by the invis­ible hand of this engineered market that incen­tivizes passivity and obedi­ence, people were made to chase after products striving to become good citizens, to be accepted and be recog­nized as being valuable.

While keeping people insulated in a bubble of consumer culture, the US govern­ment, under the thumb of private corpo­ra­tions, carried on their missionary work around the globe to advance the dominance of their single-minded faith. In 1933, the US abandoned the gold standard for domestic trans­ac­tions. Then, through the Bretton Woods Agree­ment in 1944, the dollar was accepted as the inter­na­tional currency for most trade. 

What appeared to be the final victory of supremacy of matter over nature came in 1971 when Presi­dent Nixon severed the final link between the dollar and gold by ending inter­na­tional convert­ibility of the dollar to gold. All those devel­op­ments led to the creation of the petrodollar, a hegemony of one currency backed up by the military, which was acknowl­edged by Nobel prize-winning econo­mist Paul Krugman’s telling comment that US fiat currency is “backed by men with guns.”

The all-seeing eye of the godhead that floats at the top of the currency index has a limited vision. It can only see a mecha­nistic view of the future and aims to create a world of machines that enslave humanity. In its own self-right­eous American excep­tion­alism, one nation under a single god acts as if it is the absolute moral authority of the world.

With an abstract sense of moralism that creates a duality of evil and good, the US empire projects external enemies. By creating the axis of evil with lies of weapons of mass destruc­tion, the nation with the most powerful military power spreads fear and hatred, keeping the world under a perpetual state of war.

With an edict of “You’re either with us or against us, ” the super­power state divides the world, coercing all to accept the doctrine of War on Terror. They demonize countries that challenge their petrodollar moral superi­ority and ostra­cize them from the inter­na­tional commu­nity, subjecting them to sanctions and military invasion.

In ways other than outright violence, this tyran­nical god weaponizes finance against innocent people. Calling it the “Jihadi of banking, ” Max Keiser, a host of a popular show that reports on finance, explained how the heads of central banks commit fraud and blow up the economy. He described that they are trained in madrasa of Ivy League schools, and they misin­ter­pret Adam Smith and use it instead of the Koran as a religious pretext to commit “finan­cial terrorism.” They lower interest rates for investors, allowing large compa­nies to take away jobs and people’s liveli­hood, and destroy the whole economy.

As the expan­sion of West’s single vision of the world became destruc­tive, its extrac­tive war economy now meets the earth’s finite reality. As the end game for their money printing nears, and world leaders franti­cally try to reset the system to bail out their god, Bitcoin has begun to shine a light on a new path where the materi­al­is­ti­cally driven civiliza­tion reaches its limit.

The inven­tion of Bitcoin made the separa­tion of money and state for the first time possible in history. This ended the oligarchy’s monopoly of faith that denied people an access to a true nature of reality, and freed people from the moral insanity that has turned the world upside down.

This break­through in computer science revived Nature’s God that has been made to disap­pear from our society. Bitcoin is money backed by nature. While fiat money is debt-based and subject to printing at will through ‘fractional reserve lending’, Bitcoin is a new asset class and as a digital gold, it has intrinsic value derived from energy that is required for compu­ta­tional work, in a way no different than the energy used to dig gold from the ground.

Unlike the US dollar, which infinitely expands through the money printing press, Bitcoin, with its fixed monetary supply of 21M, has a built-in scarcity tied to real resources. 

In the article “Bitcoin and thermo­dy­namics, ” author Knut Svanholm described Bitcoin as a battery that was the best ever invented. He noted how Bitcoin “offers a way of converting energy into a small part of a specific number.” He describes it as a kind of “mathe­mat­ical battery” and how it converts electricity into digital scarcity, ” which “then can be programmed to express value.”

At the heart of the creation of this mathe­mat­ical battery is Bitcoin mining. It is a broad­cast math compe­ti­tion engaged by a network of computers (called miners) around the world with clear rules, including the total number of bitcoin created and a predictable issuance rate. In a decen­tral­ized network where rules are applied to everyone equally, miners use their precious resources (harnessing compu­ta­tional power) to engage in Proof of Work- a process of solving diffi­cult mathe­mat­ical problems.

With economic incen­tives that align everyone’s self-interest and make the rewards for playing by the rules higher than the value of attacking the network, it incen­tivizes all to act honestly and follow the rules of consensus. Every 10 minutes, a math problem is solved, and whoever solves the problem first wins a fixed number of bitcoins. This process creates bitcoin, clears trans­ac­tions, and, most impor­tantly, provides the security of a system.

The creator of Bitcoin, known by the pseudo­ny­mous name Satoshi Nakamoto used Bitcoin as a token of value and, with a combi­na­tion of crypto­graphic hash functions and game theory, created the world’s first truly free market. While econo­mists, with their modern monetary policy, insulated the market from any feedback, Bitcoin regulates itself algorith­mi­cally and enables organic price discovery.

The market adjusts mining diffi­culty according to demand with a tight feedback loop that resets every 2 weeks. It is programmed to regulate and maintain the rate of Bitcoin creation and corre­sponds more naturally with the demand and supply of the market, creating efficiency in the market. This brings an alter­na­tive to the existing model of the economy based on the idea of infinite growth that creates a destruc­tive cycle of endless consumption.

Bitcoin intro­duces a new economic standard that is different from a gold standard or any other economic model that came before. Mathe­matics that is enlivened through imagi­na­tion reunites matter that has fallen from its original source.

With Bitcoin, money becomes energy. At the kernel of Bitcoin capital is the produc­tion of the mathe­mat­ical battery. It is based on non-material consump­tion in the form of energy, and this process is facil­i­tated by nature’s act of giving.

Nature provides abundantly. With her selfless love, she both produces and consumes to regen­erate energies. Bitcoin invites us to partic­i­pate in an economy in a manner such that we all live up to this nature’s standard of altruism. 

The genesis of Bitcoin was Satoshi’s generous act of releasing the open-source protocol online and making it freely avail­able to anyone in the world. In responding to this act of altruism, devel­opers worldwide brought their skills and intel­li­gence to work on Bitcoin. Miners began contributing their precious resources to build a network.

This creates a new model of an economy based on reciprocity, in which everyone makes a contri­bu­tion to the network through volun­tarily sharing their labor, time, and resources and mutually benefit from each other’s gifts.

Bitcoin’s decen­tral­ized market is like a living organism that maintains the inter­con­nect­ed­ness of all partic­i­pants. In this ecosystem, the act of consump­tion simul­ta­ne­ously produces something of value, and this inspires a circle of giving. 

Nature produces the energy of electricity that miners consume to generate their compu­ta­tional power, which is needed for them to solve mathe­mat­ical problems. Upon consuming that energy, miners convert them into producing security for the entire system. 

Users who run full nodes (a program that fully validates trans­ac­tions and blocks) use spare computing and bandwidth resources to store a full copy of the blockchain, which allows them to view and verify every trans­ac­tion. By consuming those energies, those nodes (computers connected to the Bitcoin network) deliver a service of ensuring all the rules of Bitcoin are followed. This way, they contribute to producing an immutable record of trans­ac­tions, keeping the system’s integrity.

Since Satoshi sent the first bitcoin in 2009, Bitcoin’s circle of giving has kept going without ever being inter­rupted. Bitcoin’s built-in scarcity (with issuance that decreases every 4 years that is guaran­teed to increase its value) facil­i­tates a network effect of wealth creation, with a math cap on its money base to prevent it from ever being popped like a fiat bubble.

Bitcoiners respond to this gift of nature through the practice of HODLing (to hold bitcoin regard­less of its price, disen­gage in specu­la­tion). By disci­plining themselves not to buy things that they don’t need and withdrawing their partic­i­pa­tion in the extrac­tive economy, they express their respect for nature. 

Bitcoin, with its new economic standard, now frees us from the ortho­doxy of materi­al­istic economics and its scien­tific dogma of infinite growth that keeps people as passive consumers in the global debt Ponzi scheme. Global­iza­tion has created a race to the bottom where transna­tional corpo­ra­tions that do not have allegiance to any nations have abandoned workers by shipping jobs and manufac­turing bases overseas and lowering costs with cheap labor to maximize their own profit.

As people become inden­tured servants being exploited in corpo­rate feudalism, Bitcoin restores the sover­eignty of people and nations, allowing them to claim their power to actively engage in the economy on their terms. The ecosystem fueling innova­tion and entre­pre­neur­ship has created oppor­tu­ni­ties for people to exit from this autocratic fiat control system that keeps them in slavery and steals from their labor. Many can walk away from 9 — 5 jobs and start up their own businesses to create values and share with one another through trade.

Now, through a network of free and sover­eign individ­uals around the world, Nature’s God begins to reveal itself as the supreme judge of the world. New economic activ­i­ties that are emerging around this technology are creating a currency of revolt like a Tsunami against a warmon­gering god, whose legit­i­macy is backed by violence. 

The “survival of the fittest” brutal mining market, channeling energies funneled into weapons manufac­turers, begins to defund the Pentagon and move a global society into building peace.

From Iran to Kazakhstan and Russia, nation-states have now joined the Bitcoin mining race, accel­er­ating the non-violent destruc­tion of the military indus­trial complex. The hash power gener­ated largely by renew­able energies, being subor­di­nated to the laws of thermo­dy­namics began to secure the sanctity of life for all beings.

Relying on the faculty of reason, the founders of the modern nation-state pioneered a path, trying to estab­lish a world free from super­sti­tion and irrationality. The pursuit of knowl­edge through the ethos of objec­tivity has borne fruit that has enlight­ened the world in many ways. Branches of science, technology, engineering, chemistry, and medicine opened new poten­tials for humanity, making it possible for us to overcome natural disas­ters and disease and live more comfort­ably in what could be seen as a harsh physical plane.

Yet in return, we have lost our vital relation­ship with nature and the Earth herself. Modern man has become estranged from the world that birthed him. But this separa­tion was neces­sary for us to develop and claim owner­ship of property- our own unique individ­u­ality. 

The act of rebel­lion against Nature’s God was the right entitled by the Laws of Nature, granted to everyone for each of us to become indepen­dent and free. Now, through Bitcoin’s computer program­ming language, nature that has become silent begins to speak again. 

The Gospel of Bitcoin reminds us that sover­eign individ­uals are free to exercise their own moral autonomy without permis­sion, finding within themselves motives for their actions to which they must submit. By creating money free from moral hazard, Satoshi allowed each of us to express ourselves freely and act authentically to each’s own nature.

Every moment we choose to act according to the dictates of our own conscience, instead of succumbing to pressure from the outside or trusting external authority, we consent to our innate wisdom to govern our actions and live within the Province of nature.

Only through each of us choosing to act freely and simply being in our natural state can we align ourselves with the Laws of Nature and contribute to increasing our moral value. Every 10 minutes, through distrib­uting account­ability across the network, the heart of Bitcoin performs checks and balances of power, keeping harmony among all living beings.

The Internet of Money transcending borders protects people of all nations from resource wars, exploita­tion, and dicta­tor­ship. Bitcoin surrounding us every­where 24⁄7 can guard us against hyper­in­fla­tion, theft, and wealth confis­ca­tion, helping us steward this precious planet for the Seven Gener­a­tions to come.

Our civiliza­tion has been operating in a monologue. For so long, we have tried to compete and outsmart nature. Now, Bitcoin, the genius of the consensus algorithm, opens up a dialogue. It calls us to become a co-creator with Mother Nature and invest in her wisdom to engineer a new economy.

As the old fiat world begins to collapse, Bitcoin now provides a superior form of money that is secure, censor­ship-resis­tant, and self-sustaining. It is perfect money for humanity, for we are a part of the divine nature, and we are all Bitcoin.