911 | High Alert | Bankers Beware | Bitcoin has Arrived

Gently, bitcoin has come into my awareness. bitcoin logo
First, standing around a campfire after hitching from Berlin, Germany to Slovakia to attend the 2013 Hitchgathering. There have been a few articles floating around to inform me a little more in the last months. However, it wasn’t until I read this article, thanks to a share on FB, that the implications suddenly burst into my consciousness.

bitcoin cryptocurrency

Several paragraphs into this article in the New York Times by Marc Andressen “Why Bitcoin Matters“, it hit me.

“What kinds of digital property might be transferred in this way? Think about digital signatures, digital contracts, digital keys (to physical locks, or to online lockers), digital ownership of physical assets such as cars and houses, digital stocks and bonds … and digital money.”

Upon reading this last line,
“All these are exchanged through a distributed network of trust that does not require or rely upon a central intermediary like a bank or broker.”
I leaned forward to let the last sip of my home-made espresso with hand-frothed milk dribble precisely back into my cup, it could have lead to an explosion and expulsion of my coffee bursting from of my mouth. It was not merely that the liquid was too hot, but the realization of the implications of that last sentence was volcanic. I sprung out of my chair thinking to myself, This is un fucking precedented for the human race! No central authoritarian, monopolizing bodies of power manipulating the fees and controlling the wealth? No monarchy, kingdoms, fiefdoms, corpocrisy-driven plutocracy, bankers or brokers or the 1% controlling the wealth and transaction fees?

Yet as I read on over the ‘pros’ of switching to Bitcoin, as the author detailed all the ways that one can break down payments, ad infinitum, into fractions of cents, “A third fascinating use case for Bitcoin is micropayments, or ultrasmall payments.”

I started to feel a growing discomfort, with the disturbing sense of this overzealous monetizing of every little thing. Could this inevitably lead to a new technocracy of rulers, those in control of the machines?

Here is an additional article I just came across explaining ‘bitcoin’ http://mobile.nytimes.com/blogs/dealbook/2014/01/21/why-bitcoin-matters/

Hmmm, well you can’t have everything, but step by step progress can be made.


About carolkeiter
Aspiring writer, artist, musician and composer who was born and raised in the United States and has resided in several European countries. Communication is my forte; both through using various tools and in approaching people of divers backgrounds to gather information. Speak conversational - advanced intermediate - French, German and Spanish. Love interacting with people in cultural centers as much as going to remote places to learn more about the different creatures that share our planet. Love of the outdoors and of a variety of outdoor sports. Driven to learn and expand my own consciousness and understanding through curiosity and love of life. Creative skills merge with analytical ones, leading to an interest in a myriad of topics; ranging from politics, economics, science to environmental. Motivated to use my art, music and writing to support and educate people towards humane practices that support and respect all of life, including practices supporting a healthy planet.

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