The secrecy surrounding Bitcoin’s creation has given rise to multiple speculative theories regarding its eventual future role in our society.
On the one hand we have the hopeful view that Bitcoin, or one of its progeny, will restore financial control back into the hands of the individual – cutting out the corrupt banksters and financial elite in the process.
On the other hand, we have the skeptical view of Bitcoin as the mechanism which helps push through the globalist agenda of a one-world government – one where all of our financial moves are tracked through a public, transparent ledger.
Even as someone invested in the cryptocurrency space in more ways than one, even I can’t shake the nagging suspicion that we’re all being led down a merry path.
With that in mind, here are the cases for Bitcoin’s prosecution and defence. Freedom currency, or globalist pawn?
4 Reasons Why Bitcoin is a Legitimate Freedom Currency
The Mainstream Media Hate It
Bitcoin and cryptocurrency is treated with derision by the mainstream media. Could it be that the staff writers in the newsrooms of CNN and MSNBC know more about cryptocurrency that the rest of us, and are genuinely concerned for our economic well-being?
Or is the media’s constant smear campaign a clear sign that Bitcoin is regarded as something to be feared? If the mainstream media is telling me to stay away from something, that’s usually a good sign that the thing in question must be disruptive to the established order.
Or to put it more simply: An enemy of my enemy is my friend.
Multiple Countries Have Banned Crypto Already
Since Bitcoin’s inception it has had a shaky relationship with various governments, and multiple countries have banned its use over the years.
Reasons for its ban include the legitimate fear of a non-centralized, non-state controlled currency taking hold among the population. Other nations voice the standard retort that cryptocurrency is used by criminals, despite the never ending series of laundering scandals that come from the world’s most ‘reputable’ banks.
It’s hard to blame nations for scrambling to save their own fiat currencies from the threat of a decentralized, digital alternative. But until governments start tagging their citizens with a crypto address, this stands as a case for Bitcoin’s defence.
Bitcoin is Another Threat to the Tax Man
Recent data suggests that close to half of the U.S population pays no income tax. The practice of stuffing cash in the mattress might not beat inflation, but it does beat the tax man. The arrival of Bitcoin on the scene only gives those mattress stuffers more options.
It’s true that several crypto traders have been badly burned by the tax laws already, but these are instances where the trader has been using transparent, compliant exchanges like Coinbase. Not everyone hands their passport data over in order to buy and sell cryptocurrency. The addition of privacy coins like Monero (XMR) and Zcash (ZEC) makes the system even murkier for the bean counters.
Bitcoin Doesn’t Need a Middleman – And That Terrifies Our Overlords
Perhaps the strongest point in Bitcoin’s defence is the fact that its use requires no middle-man. That means no bankers, no settlement fees, no overseas-use fees, no money printers – essentially, no banking system at all.
Unless cryptocurrency truly is being set up as a wholesale replacement for the current fiat system, this has to stand in Bitcoin’s favour as a possible future ‘freedom currency’.
4 Reasons Why Bitcoin is a Digital Pawn of the Globalist Elite
Bitcoin Tracks Your Transactions in a Public Ledger
Everything is tracked, traced, and timestamped. Every cent – no, every satoshi is accounted for on the blockchain, and you leave a digital economic trail every time you use Bitcoin.
This situation is worsened by the fact that the dream of decentralized exchanges hasn’t yet took hold, and most users buy crypto by sending exchanges copies of their photo-ID.
With a public, transparent ledger, there’s no scope to hide a few bills under the mattress. And if you want to buy something the government currently deems illegal, you better hope the government doesn’t track the BTC transaction back to you.
Check out this video of a former Department of Justice agent describing how the blockchain can be used to track and catch criminals.
One Currency for a One World People
While Bitcoin’s decentralization counts as a point in its favour, it also makes it curiously suitable as a kind of one-size-fits-all currency for a communist utopia.
The globalist vision requires the breakdown of all distinct sovereign symbols, including a nation’s money. The descent of the U.S dollar over the last century is already an indicator that this aforementioned sovereignty is being slowly chipped away at.
Perhaps Bitcoin is just waiting in the wings to take over completely?
Bitcoin Uses Cryptography Invented by the NSA
The SHA-256 algorithm used in Bitcoin was invented by the NSA in the mid-1990’s, and ten years later it appears in an anonymously created digital currency.
Add to that the fact that the moniker of that creator – Satoshi Nakamoto – translates as ‘central intelligence’ in Japanese, and we have more than enough to trigger the conspiracy theorists.
Bitcoin Could Be This Generation’s Great Swindle
If it’s true that the powers that be find a way to rinse the wealth out of every generation of citizens, then maybe Bitcoin is the latest method. There’s reason to believe most of Bitcoin’s movements are dictated by whales – in other words, the existing financial elite.
If the previous moves in the globalist playbook are anything to go by, then the people must first be beat and ground into submission before they’ll fall in line.
With the crypto market losing over $700 billion in the last year or so, that money had to come from someone’s pocket. How much more money will the cryptocurrency experiment take from the pocket of the common man – and has that been the plan all along?