Bitcoin: The Currency of the Internet

Photo Credit: AFP

Photo Credit: AFP

This disruptive technology of the new century has the power to destroy currencies across the world if adopted by millions of users and, for this reason, is dangerous to the current monetary power structure.

Bitcoin isn’t dangerous for what it is today, but instead for what it has potential to become. Its adoption could upend the grip governments have over their citizens by opening up the world to a transparent form of money. Bitcoin costs nothing to store and is easier to use in almost all electronic financial transactions.This adoption process is what is of great concern to those in power, those who publicly downplay its significance.

The ability of being able to opt-out of our centrally manipulated monetary system is now a reality.

The control of money is by far the most important political power on earth, and those with this power will not be happy with any threat posed by a newcomer like Bitcoin. We like to think that military power dominates the geopolitical landscape, but it is in fact money that calls the shots. Bitcoin represents the insurgent rebel army in the current monetary war.

“Give me control of a nation’s money and I care not who makes the laws.”
– Mayer Amschel Rothschild

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