The Cur­rent Year is 6263

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Do Androids Dream of Cyrpto-​currency?

If you want to under­stand the uni­verse think ENERGY, frec­quency and vibra­tion Nikola Tesla

In this arti­cal I hope to remove the block that Sil­ver and Gold bugs have against Cyrpto-​currency. And also do the reverse for most bit-​coin users. If you are one of the many who are spec­u­lat­ing on the price of cyrpto-​currencies, or you are a miner touch by the fin­ger of greed, you are most likely not going to like this idea. Because this idea will sta­blize the bit-​coin price and could increase the cop­per, Nickel, Sil­ver and even Gold price. It will ensure that coin deal­ers rem­ine reliv­ent (Dis­claimer: I am not a coin dealer)
It seems the ten­dency these days is to be-​little one or the other type of cur­rency. The prob­lem (as I see it) is that too many peo­ple don’t know the dif­fer­ence between Money vs Cur­rency. And those who do know the dif­fer­ence have not thought it out and asked them­selves the hard ques­tions. Let start out with a hard ques­tion for mon­e­tary met­als Cop­per, Nickel, Sil­ver and Gold .
As the say­ing goes Sil­ver is the money of gen­tle­man, which is to say it the money of the mid­dle class. Gold is the money of kings or you could these days just say it is the money of the rich. But there are (mon­e­tar­ily) 3 classes of peo­ple the least of whom are nor­mally for­got­ten how ever I say the money of the poor is Nickel and Cop­per.
We say there are no slaves any­more in the civ­i­lized world. How­ever, this is not true because peo­ple have the right (to vol­un­teer) to be enslaved. And we still have debt and debt is the money of slaves.
Maybe we are not as civ­i­lized as we think.
So let’s start by ask­ing the hard ques­tion for these three (mon­e­tary ) classes of money and peo­ple. For all three classes there is only one ques­tion, Which is. “How do I get my Cop­per, Nickel, Sil­ver or Gold from New York City to Peru with­out the risk of the (so call) gov­ern­ment accus­ing me of money laun­der­ing and tak­ing my life sav­ings by rea­son of their greed.

As the ora­cal said in the matrix “It is a pickel!”

In other words real wealth can no longer be moved (with­out a care). What was call move­able prop­erty is vir­turely a thing of the pass. So the prob­lem is porta­bilty. I’m sure that the bit-​coin lovers like hear­ing that. Well the truth is the truth. How­ever this prop­er­si­tion would not be all smiles and gig­gles for bit-​coin hold­ers. Because it would sta­bi­lize bit-​coin. And if your one of those who are right­fuly mak­ing a killing on bit-​coin you most likely don’t want that to end. But then isn’t that the same adit­tude that has the world in the fix it’s in?
As it stands right now cyrpto-​currencies is just another fiat cur­rency. I know some will say that it’s not back by any gov­ern­ment so it’s not fiat. That really has no mean­ing in today’s econ­omy. Gov­ern­ments have very lit­tle to do with the con­trol of the money sup­ply. You see the prob­lem with fiat is not if it is, or is not backed by the gov­ern­ment. That has never been the prob­lem (that is a smoke screen) the real prob­lem is that it’s not made by the government.
That may sound illog­i­cal to some but when pre­sented to the logic in the cor­rect man­ner it should become clear. If the money was made by gov­ern­ment then they (the gov­ern­ment) would be respon­si­ble to the peo­ple for the debase­ment of the cur­ren­cies. And our cur­ren­cies has suf­fered the ulti­mate debasement.
If I give you five dol­lars in U.S. cur­rency or I give five dol­lars worth of Japan­ese Yen in pay­ment of a debt you still have not got­ten your money, you have not been paid! you have got­ten an I.O.U. for your labor or ser­vice. But because we can take that I.O.U. (five dol­lar U.S.) and give it to some one else for some­thing that’s real, all is well with the world.

It’s like the game hot potato as long as your not hold­ing the potato you’re good!

Why is this so? Because all cur­rency is link to the dol­lar so if the dol­lar is coun­ter­feit so is the Yen I gave you, and any other cur­rency ( I am not account­ing for cur­rency val­ues when I say five dollars.)

The two faces of cyrpto-​currency

So because of the block chain it’s built on, we can see it (cyrpto-​currencies) can become the fiat cur­rency (that is to say cur­rency made out of thin air) that can holds value, how­ever it holds none at this time. And I need you to be clear on what I’m say­ing, I’m not say­ing that it has value, I’m say­ing that it could hold value. It could be formed into the cur­rency of the 21st cen­tury. Again I ask how do I get my sil­ver to Peru?

(Note: in much of the world the word for Sil­ver is the same as the word for money.)

When you get right down and dirty money is any com­mod­ity. In the real world which more than half of the us are liv­ing in a com­mod­ity would be some­thing that they can hold in their hand. If I give a choice to some­one liv­ing in out in the woods that he can have five fish fresh out of the lake or a I.O.U. (a bond in what­ever form) and then say to him, you have been paid five fish. Which do you think he will pick. Well in our Buzarro world we have cho­sen the I.O.U.

Cyrpto-​currencies are an elec­tronic I.O.U. We are falling for the same game with another name.

What was the rea­son for cyrpto-​currency?

one answer is: Substitute of fiat monetary forms - Bitcoins are great choice to hold 
national monetary forms encountering capital controls, and high expansion

(short answer: Stop the debase­ment of the money supply)

The results of remov­ing the con­nec­tion between human energy (In the form of com­modi­ties) and money is fiat cur­rency. Cyrpto-​currency in the form that they are now remove human energy and replaces it with elec­tronic energy, there­fore money is no longer a trans­fer of human ener­gies. Labor is no longer a fac­tor in money cre­ation, there­fore, labor is free. Peo­ple are just as much a slave with Cyrpto-​currencies as they were with fiat cur­ren­cies only the mas­ters have changed.

Actual state­ment about cyrpto-​currency

Bitcoin derives it's value from it's use-case to store value,
digitally across multiple nodes around the world in a decentralized way.
In buzarro world this is true. But in the real world it’s only value is as
a trans­mit­ting util­ity (value apart from the thing it is trans­mit­ting) and would
depend on the value of that trans­mit­ting util­ity abil­ity to pre­form it’s duties.
If this were under­stood then Cyrpto-​currency would then have to seek their value
in an open mar­ket. Bit-​coin vs lite-​coin or who ever give the most bang for the buck.
Rather than Cyrpto-​currencies going up in value just because some­one bough a tulip,
as they are now.
Oil,Corn, apples,watermelons and even Gold and Sil­ver are money because they are com­modi­ties. Bit-​coin is a cur­rency, a trans­mit­ting util­ity (as all cur­rency were meant to be) and never the twain shall meet! At least that how it started out. What we have had for the last 40 plus years is a con­fi­dence game.
A quote from Mod­ern Money Mechanics:
“What, then, makes these instru­ments — checks, paper money, and coins — accept­able at face value in pay­ment of all debts and for other mon­e­tary uses? Mainly, it is the con­fi­dence peo­ple have that they will be able to exchange such money for other finan­cial assets and for real goods and ser­vices when­ever they choose to do so.”

Is Cyrpto-​currency the new con­fi­dence game?

An admis­sion that cur­ren­cies today (after the clos­ing of the Gold win­dow) only value is the con­fi­dence that peo­ple have in them. How­ever, this con­fi­dence comes from hun­dreds of years of being backed by real com­modi­ties. The com­modi­ties (or the energy which pro­duces the com­modi­ties) are no longer part of the money mak­ing process. How­ever if you are under forty years of age this has been the norm all your life. So it’s no won­der that the young flock to cyrpto-​currencies. Clif high wants us to think it’s all emo­tional ties(I believe this is also how Clif describes the work­ing of his pre­dic­tion soft­ware) That’s true I have an emo­tional tie to eat­ing food (com­modi­ties) I have an emo­tional tie to hav­ing a roof over my head (Do I need to state all the com­modi­ties that go into build­ing a house plus the labor). Peo­ple do not equate money with emo­tional ties only they also relate it (money) to needs. Inter­est­ingly that video has this com­ment under it “Com­ments are dis­abled for this video.” https://​www​.youtube​.com/​w​a​t​c​h​?​v​=​E​u​e​D​s​K​i​25​v​o Clif goes on to say ‘the vaule of cyrpto-​currencies is in the idea!’ It seems no real energy is needed any­more. Every­thing is virtual.

Which brings us to the hard ques­tion for cyrpto-​currencies

I have been a Sil­ver bug for many years and never saw any value in cyrpto-​currencies. But in learn­ing a bit more about cyrpto-​currencies I found the it’s real assumed value (as to work done) is con­nected to the amount of elec­tric “cur­rent” use to hash the coin. In this way cyrpto-​currency has replaced human cur­rent (energy) for elec­tri­cal cur­rent (energy)

I would like to point out just in case some didn’t know we have not reach sin­gu­lar­ity yet.

Again,If I have the best servers power by renew­ables. How is that not mak­ing bit coin out of thin air? As soon as the invest­ment is paid off , it’s free bit-​coin time

If that’s is not bad enough Cyrpto-​currencies (as a whole) are not fixed and lim­ited as we hear over and over which is sup­pose to be another thing that gives it value. There are many peo­ple Cyrpto-​currencies

You can’t solve the prob­lem at the level the prob­lem is on, you must go to the next level to solve the problem

Level 1. The results of removing the connection between commodities (human energy) 
and money is fiat currency.  1971 Nixon closes the gold window
Public-key encryption was first described in a secret document in 1973;
Level 2. Cyrpto-currency in the form that they are now remove human energy and 
replaces it with electronic energy, therefore money is no longer a transfer of 
human energy. Bitcoin, created in 2009, was the first decentralized cryptocurrency
Level 3. Labor is no longer a factor in money creation.

(about point three this would be great if all work were done by machines and every on the planet got enough to live on and those who wanted more would expend human energy into the system)

In all of the time that I was think­ing about the rem­edy peo­ple who are rich have never entered my mind. The rea­son being that they have more than enough peo­ple to think of them only. The only way to bring our bar­barous relics (Copper,Nickle,Silver and­Gold) into the 21st cen­tury? I’d would say to the coin deal­ers embrace cyrpto-​currency as a trans­mit­ting uti­tly. Of cause a clear­ing methor, some­thing like (https://​pop​u​lous​.co/ ) would have to be con­ceived of, but we have many savor coin deal­ers and I don’t see that being a big prob­lem for them. How­ever trust is in short sup­ply in our times. But for those who can to make it hap­pen and add a sec­ond hon­est income source it would be like the box­ers say, “Easy Work!” Take a look at Pop­u­lous, Pop­u­lous is a P2P (peer-​to-​peer) invoice finance plat­form that is glob­al­iz­ing what is cur­rently a local­ized and lim­ited mar­ket sec­tor. A gifted pro­gram­mer could make a pro­gram fit­ted for your needs.

Do Androids dream of crypto-​currency?

For the last 46 years we have been using a cur­rency that is not con­nected to any human energy (Perot-​dollar notwith­stand­ing) for the 4000 years before that cur­rency was con­nected to money and money was con­nect to human energy. Now, ether they were wrong for the last 4,000 years or we have been wrong for the last 46 years. Your choice!

{jcom­ments on}

Wise Words


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