While I was at FreedomFest in Las Vegas last week, I gave a speech entitled “The Bloodless (r)Evolution How Bitcoin Will Destroy Government And Central Banking.”
I started off by asking how many people truly believe in freedom and how many people in the audience were anarchists before pointing out the real irony of having a freedom conference in one of the least free countries on earth. That unsurprisingly ruffled the feathers of some statists who got up and left.
Of course, I just stated the obvious truth that some people apparently weren’t ready or willing to hear. That coupled with the fact that I pressed on by explaining how bitcoin has the ability to end all governments and central banks, probably scared off some of the audience.
With that being said, it is completely true, and I wasn’t deterred. I further explained how government doesn’t actually exist and is nothing but a dangerous superstition as Larken Rose so aptly calls it.
This is an especially interesting talk because I was able to answer several questions from skeptics and curious listeners at the end of the speech which hopefully helped them to make, at the end of the day, more informed cryptocurrency investment decisions.
Check it out here:
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Bullshit.
Governments started already employing blockchain technologies and they will co-exist with the current economic system. Five miners in China are in control of 80% of all BTC transactions and important decisions. Who owns BTC? Well, take a look at at this;
Bitcoin is as centralized as any other government. Most coins are. A few people have the control. What is decentralized is the technology, NOT the system. Kind reminder also that if you are once in the blockchain then you are forever in the blockchain. When governments start employing this then nobody will be able to escape from the permanency of their transactions.
This pedantic obsession with the government won't serve anyone justice since the government is made up of people. Homo-sapiens with the same passions, greed and general behavior as in any country. Consensus is just another fancy word for democracy. Do you get a vote for Seqwit? Do you matter? Ofcourse not, much like in the regular world.
I am also certain that government regulation has just begun. I read today that the SEC ruled that cryptocurrency offerings (ICOs) are now subject to their regulation.
KYC regulations make all the arguments that cryptocurrency is anonymous void. Absent authorization of government, value transfers aren't possible between known entities subject to governmental power.
BTC is not itself capable of precluding governmental control. Those people that possess the majority of BTC aren't going to refuse to obey governmental regulations because doing that will make their BTC holdings worthless.
If you want a cryptocurrency that is immune to governmental control, it needs to truly be cryptic - that is, unknown. Since unknown currencies aren't useful, as monetary systems require participants to exist, and participants that aren't aware of the currency can't participate, there isn't such a currency.
well, tell that to the tinfoil vigilante
LOL we just did.
I think Bitcoin is still decentralized. The 80% miners from China having control over BTC in your opinion failed to take over, because the centralization is divided in multiple layers (miners, exchanges, users and dev's). The (indirect) succes of the UASF has proven this.
Furthermore I think that the mining centralization is on a top now and will redecentralize over the years to come. There are multiple reasons to expect this including the end of Asicboost after implementation of Segwit, the extended lifespan of Asic chips, Legalisation of Bitcoin in Russia and India (perfect countries to host huge mining farms) and the higher profitability of mining because of the recent rise in price (now you can make money on mining everywhere in the world again).
For me the implementation of Segwit is a proof of Bitcoins strength and a transformation from a good payment system to the 'internet of money'.
Extremely bullish!!!!
Still, 1% owns most wealth. Much like with FIAT. your point?
Watch how the whole market shakes even if one whale farts
Is there anything that is not pwned by the 1%?
"Intention."
"Meet the new boss, same as the old boss"
sure, edited clips with tackling make good arguments. sure sure.
This is what I think when I read a lot of these posts. The government is supposed to be the people. If that go "wrong" so can the governance of any system including coins.
Do they still teach Orwell in schools because not many seem to see this and think cryptos will lead to utopia?
They are a great technology which will change the world like all great innovations do, they won't rewrite human nature.
Your comment makes sense , upvoted and following you in order to stay in touch. I think that Governments are not stupid and might even be investing big time in bitcoin as they are doing in blockchain technology . We do not actually know for certain who owns or created most of the bitcoin and do not underestimate the United States government and other western government capabilities and quest to control and take over. Lets stay smart and get our own share of the cake.
As far as I am concerned from an architectural stand-point, a blockchain is the perfect tool for a government to keep track of everyone. forever.
That is the fear now..I agree that government will figure out how to use it to their advantage
These empirical forces (both public and private, and ultimately the table of families that control them) are 10 steps ahead and making MASSIVE plans for blockchain. Let us not underestimate the resources and planning of the Novus ordo seclorum.
Point
It can be, but it needs to take certain drastic steps. I must admit that the easiest place to implement those drastic steps is my very own ignorant US of A. Because we will allow our government to do anything as long as it is aimed at any of our many prejudices. If a government manages to impose a one wallet rule and cracks down on all others it can be accomplished. The 80% Chinese fact is worrisome because it has the makings of a basic Federal Drug Opeation, meaning: wait till they get fat and then go for the Big fish, the Chinese Government can actually and up controlling a Major Blockchain. A Government of the people by the people requires aware and educated people. Looooong way to go for us.
Wow 47 people own 29% of BTC transactions?!?
In terms of mining scalability, bitcoin will end up with the heart of the system in the hands of a few individuals, and that's one of the biggest problems with it. I have started https://vialcoin.com in a humble attemp to fix that. It's still a work in progress and I value greatly any input or help in my mission to create a true cryptocurrency for the masses.
Check out this post from 4 years ago ;)
https://plus.google.com/u/0/b/110629124582721325829/+VialCoin/posts/a4XzpEfGVBa
Ditto that, completely agree!!
You have your opinion, but Jeff's is hardly "Bullshit". Governments are so closely tied (parasitically) to their central banks that when one goes down, the other will too. I realize it's just your style, but when you write like a dick, your blind spots and biases shine right thru. You might not appreciate Jeff's obsession with the government (thus, his anarchist stance), but he is making the point that governments today do not derive their power from democracy, but rather from full-on control of the fractional reserve system. When money collapses, (as the dollar is about to) their corresponding government usually does too. I shudder to see what will be brought out to replace today's western governments, but you can rest assured that preferred replacement is already set up, waiting to be triggered.
Quiet now everyone! let us all return to our lives of being extorted, err paying taxes, err 9-to5's, err public intoxication facilities, err medical morticians, err..
Ya know what, let's keep doing what we're doing here instead.
From one Jeff to another, thanks for all you do!
Thank you sooo much for uplifting my spirit!!!
Wow, so glad to have made a positive impact on you amigo! Just followed you to keep the ball rollin' :)
what happends in countries where btc is forbidden to own and to use? if its forbidden worldwide it will still be used on the black market/criminal market which is huge
He's a great speaker...
Marvelous to see the word being spread about the fantastic advantages of cryptocurrencies at every opportunity.
Many exciting things are happening in the world of Steemit and Bitcoin right now, including the fork that is happing in a few days that will create Bitcoin Cash.
Jeff Berwick can see the future of money in which the central bank and governments give way to a debt free financial system and a true vote that will bolster the economy and political structure for a new age.
A quote from the video by the @dollarvigilante:
Just by being here on Steemit, each of us is staking out our share of the future.
My page regularly posts about Steemit, Bitcoin and other crypto related material, check out my well written and easy to read content.
Thank you,
Jeffrey Anderson
Editor in Chief
The Anderson Report
@cryptoNEWScoins on Twitter
Please allow me to rephrase that in two (2) @dollarvigilante in :
The Ultimate Cheat Sheet On The Bloodless (R)Evolution: How Bitcoin Will Destroy Government And Central Banking
The Worst Advice We've Ever Heard About The Pacifistic (R)Evolution: How Bitcoin Will End Government And Central Banking
This was a post right on time. Thanks for sharing this informative article, we've all benefited from it!!!
Well said
Terrible
That's a nice talk you're at.
I really like your videos with interviews with other youtubers and steem members; it's awesome. Really liked your interview with Omar @Crypt0
IT WOULD BE AWESOME TO DEBATE ROBERT KIYOSAKI TOO :)
You can do anything! Hope you continue to garner more and more support.
jeff berwick is my favorite youtuber.
Awesome!
well the truth can hurt some
Politicians will blow up the system, burn it to the ground, and rule over the ashes before they give up control.
It will not destroy government - government will co-opt it.
https://steemit.com/money/@adconner/the-evolution-of-money-from-agriculture-to-cryptocurrency
Great Financially post
governments do exist mate ,if they don't exist how can they be destroyed then !.
I just watched this video on youtube and looked up Liberland. I found out that they have one country that recognizes them, and it is owned by a little girl. I thought that was hilarious. :-D
But seriously. I just subscribed to your newsletter. Keep doing what you do! :)
Nice :)
I have one quibble, though. Bitcoin and other cryptocurrencies alone are insufficient to destroy government and central banking. Also needed are privacy and anonymity. Otherwise, governments can take down and arrest. As they've done for BTC-e, Silk Road, other dark markets, and so on. Also 3D printing to decentralize manufacturing.
Hi @dollarvigilante I really enjoy what you are saying about what's happening all around the globe and how the elites try to get us as slaves. You are well aware of the problems and have moved the country to escape tax, persecutions and, disinformation. I have done exactly the same from EU to south east Asia now for 18 years I was too tired of their shit and unlogical thinking. Thank you for making all those videos and waking more peoples.
Bitcoin is certainly making a bold statement. We the people must take back our basic freedoms and civil liberties. We must abolish this debt based fiat system we are in now. Let us go upstream and get reconnected with our true essence! Much love to all in the fight :) Namaste
I f***ing hope it does.
These parasites have had a grip on most nations for too long.
You're a freaking wizard at crypto currency! Thanks for always helping and sharing so much information with everybody!
well written post man.
WOOOO...destroy!
the dollar vigilante.
That was an Epic Speech :)
Great video, should fix the mic so no echo but yeah you got so much to give people if they would just take the effort to listen.
Upvoted and RESTEEMED :)
Did rothchild family scared with this news ?
I really hope it does destroy the central banking system and it is a blatant 'rip off' of peoples rights and keeps them in debt over their lifetime.. Less government intervention is a good thing as we need less rules in life...
So, if every country on this planet, except for those Communist totalitarian regimes, used Bitcoin, would that mean that China for example, would be no more a Communist country?
It means the communist regimes would transact in bitcoin at the state level and just not let their people use it.
This means that their economy would partially collapse if nobody was able to perform transactions. And by "nobody", I mean the people not the government.
@dollarvigilante - Great informative article as always.
Steem ON!
am watching right now video 1 of 4 ...
Government isn't necessarily a bad idea in itself. And it is more than a superstition, the IRS is real. They're rules are at least. The problem is the separation. The house and senate (congress) should be ran like jury duty where every person from every walk of Would have to serve a 2 year or 1 year term or at least offered the opportunity. At $100,000 salary. I think that the people would be much more educated & much less vulnerable to "fake news tactics"
bitcoin is going up cause the dollar stinks now and hardly has value.. the bitcoin is the new gold
Man that don't make any senses
If I read this post below, then bitcoin is likely to split itself to two branches. And then one of them will go up. So who controls that freedom ? The bigger team of beneficiaries ?
https://steemit.com/bitcoin/@sanjeevm/there-are-likely-to-be-two-versions-of-the-bitcoin-blockchain-and-two-separate-digital-currencies
most of my wealth is in silver and crypto. Fuck the governments.
Cool deprogramming 101.
https://falkvinge.net/2017/05/01/blockstream-patents-segwit-makes-pieces-fall-place/
You need to address this issue publicly before the chain split. Bitcoin is about to be taken over by the very people you are against. Take a position on this issue dude! You have mighty influence. AXA cannot be allowed to destroy bitcoin.
I love to listen to this guy he knows what he's talking about.
Cryptocurrencies are an idea whose time has come. There will be winners/losers as this technology develops.
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Great speech, Jeff!
The Evolution begins.
SEC rules going to screw with the American slaves.
Give up your Citizenship be FREE!
Leave before the wall keeps you a slave forever.
Great post and again intetesting info that is important to know. I think a lot of people still se the goverment as some good people who has ur best in intrest....time to weak up.
Upvoted resteemed
Quite a piece@dollarvigilante,the truth is bitter a difficult pill to swallow for the fiat lords,its a new dawn,they either take it or leave it,bitcoin has come to stay.Followed,upvoted and resteem,kindly do same @detycoon
I like your way of thinking
nice Financially post
This post made my day !!!
Thanks for sharing it !!!!
I think bitcoin will not be accepted as a currency by Governments. but the blockchain technology will continue to be explored by them for usage. Governments will not accept bitcoin because they cannot control it.
Sad, but true