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The Quickest Way To Achieve Financial Freedom Is With Bitcoin

Upon realization of the idea of liberty, it is immediately thrust into reality, never to be forgotten by those having experienced it.

I believe that the Founding Fathers of the United States inscribed the idea that liberty is inherent to life in the Declaration of Independence. While they made an astounding first step in declaring this, there has been, since the uprising of technology, a necessity of this in monetary form.

I believe that bitcoin is the codification of monetary liberty. Like the Declaration of Independence, Bitcoin was set into existence from the very moment it was realized;

“The nature of Bitcoin is such that once version 0.1 was released, the core design was set in stone for the rest of its lifetime.” – Satoshi Nakamoto

The mere existence of the idea now facilitated a reality in which liberty was to be demanded. Having had the taste of freedom, man had realized the fullest potential of life, in that of sovereignty.

Financial freedom is achieved the moment you begin acquiring bitcoin. Immediately, you obtain digital value — verifiably scarce and unstoppably mobile. There are no outside entities who can lay claim to your property; there are no boundaries on the transfer of your money. Each individual reclaims their inherent right to liberty, as expressed in the Declaration of Independence, and now too expressed in the form of Bitcoin’s code.

While the Declaration of Independence proclaimed the idea and theory of self sovereignty, Bitcoin created the physical implementation of such property rights, allowing the manifestation of such liberty to proliferate in reality. What the Declaration did on a theoretical level, Bitcoin achieves on a material level via monetary property rights.

It is interesting to think that such an achievement was only possible given the creation of the internet. As much as the printing press led to the proliferation of education, writing and reading — which were necessary for such a thing as the Declaration of Independence to occur — the internet enabled Bitcoin. The printing press, being the origin of worldwide mediums of content absorption, interconnected people across space and time. The internet accomplishes this feat even more so, more quickly and exponentially more effective.

And so, it is with this realization that we understand; Bitcoin, being enabled by a present global interconnectedness, is a physical manifestation of liberty. 

Source: Bitcoin magazine

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Crypto News Updates

Bitcoin Is The Steak Of Money

The connection between carnivory and bitcoin is one that intrigues those outside and inside of this niche culture-cross.

Bitcoin carnivorism is an interesting cross section of traditionality with modern technology. And yet, despite first appearances that the two are unrelated, the consumption of meat combined with the usage of cryptographically secure digital money is closely intertwined. 

A Hunger For Verification

Bitcoiners have never been a particularly trusting group. At the core of the industry and network’s ethos is the idea that without verifying for oneself the nature of reality, nothing is guaranteed. The transparent and open access network which allows for anyone in the world to transact is, at its core, a central bank inflicted insecurity.

Previous sound money, gold specifically, was thought to be the greatest immutable commodity in the world. But with expansions of technology and government through this technology, the immutability of the physical world became naught, and was quickly wrangled into the sphere of ever expanding government dominance.

In such a spectacular way, it can be thought of as a collective post-traumatic response that bitcoiners necessitate the ability to verify every single transaction. And yet, such a response has been made obviously paramount to the purpose of Bitcoin. Without such verification, the entire network would be vulnerable to the same manipulation posed by the previous system.

It is this author’s opinion that much the same verification issue arises when Bitcoiners are presented with the reality that most food in grocery stores is altered beyond recognition. This is evidenced in Dr. Saifedean Ammous’ “How To Grill Steak And Beat Fiat Food,” in which he states, “Instead of wasting your life reading press release ‘science’ sponsored by industrial sludge food manufacturers trying to manipulate you into eating their poisons, consider trying to eat more and better meat, the world’s most complete food.”

I personally agree with this take, and believe that industrial processes have made most foods bad for consumption nutritionally. But I think the key thing to focus on is the lack of trust in scientific journal publishings, and the idea that processed food is both industrial sludge and poison.

With many scientific journals being funded by the very industries they research, it is not without reason that Dr. Ammous is suspicious of these publications. The very fiat tomfoolery which enables non-productive academia to proliferate is responsible for such encouragement of processed food consumption. In an industry that values transparency and consensus, the idea of peer-reviewed (i.e. within the same industry, and therefore often funded by the same people) journals being the determination of health is an obvious contradiction.

Indeed, on a physical level, processed food itself is entirely unlike anything found in nature. Often sugar encrusted, carbohydrate covered or otherwise unhealthily clad, processed foods are the cause of major health problems within the United States. The food does not resemble nature. Often, recipes call for raw vegetables to be processed in some form or another, whether it be by covering in vegetable oils, breading, or other forms of mixing.

What that leaves verification-hungry bitcoiners with, is food that has been obviously non-tampered. Food that, for thousands of years, has served as humanity’s treasure. When cavemen danced around the fire, it was not after collecting berries. It was after their hunt, an accumulative action that required great dedication and triumph over nature. This celebration of meat resonates within those who still perceive the value of such nutritionally dense food.

Meat is food that tastes fantastic with very little modification. In fact, one could entirely subsist off of untampered meat. Salt and fire are extremely effective, however, at making meat consumable for the vast majority of humanity, effectively providing the nutrients needed for sustenance.

Meat is recognizable, organically treasured, and verifiably nutritious.

Bitcoin is recognizable, organically treasured, and verifiably sound money.

While a stretch, the connection between Bitcoin and carnivory, is, at least in part, due to a desire for food as verifiably un-altered as bitcoin. When one finds themselves in a world of fiat, it quickly becomes apparent that the anthropogenic creations of modernity are often horrendous for the long term health and wealth of society. This is applied to food, and what is emitted is bitcoin carnivory.

Of course, such a thing as diet is extremely dynamic and difficult to summate in such a simplified way, but I believe there is an innate connection that has resulted in the cultural phenomenon, and it is extremely interesting to hypothesize on what that connection may be. 

Source: Bitcoin magazine

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Crypto News Updates

Interview: Self Sovereignty With Btc_Log

In this episode of “Meet The Taco Plebs,” Bitcoin Magazine’s Casey Carrillo sat down with btc_log to talk about all things bitcoin.

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In this episode of Bitcoin Magazine’s “Meet The Taco Plebs,” I sat down with Twitter pleb @btc_log to discuss his bitcoin rabbit hole story, his thoughts on bitcoin’s impact on life, and his future price predictions.

Btc_log went into detail about how he started out in Bitcoin with mining, and how he believes this introduction showed him the most important and valuable aspects of the Bitcoin network. We discussed his lowering time preference, as the ever-contemptuous world around us attempts to extract our wealth from us.

Finally, we touched on what he believes is the most amazing part of bitcoin, in that bitcoin is self sovereign and that no one can take away the ability to utilize the Bitcoin network.

Below are some more insights from btc_log about his rabbit hole journey.

What’s your Bitcoin rabbit hole story?

In my junior year of high school I was told by one of my friends about it. Later that day, I went home and started doing some research. After that I was hooked.

How has Bitcoin changed your life?

Obviously, financial comfort is up there. But it has changed my perspective on what is important to me and what isn’t as important. It has lowered my time preference, making me think about the future more and making me ask the question: Is this really worth it?

What is the most amazing thing about Bitcoin to you?

I think it’s beautiful to have the ability to be self sovereign and to be your own bank. Nothing even comes close to achieving that better than bitcoin. Bitcoin is for the people. Bitcoin is trust. We trust that Bitcoin needn’t be trusted. Nowadays it’s getting harder and harder to trust.

What are you most looking forward to in the Bitcoin space?

BTC Miami 2022.

I’m really excited to see what develops in the next few years. There’s so much that can be built on top of Bitcoin and right now we’re just at the tip of the iceberg. Strike, Fold, it’s like the internet in the ’90s… it will be beautiful to witness bitcoin change the world in front of our eyes.

Price prediction for the end of 2021, and the end of 2030?

Obviously, no one knows. But I do think price predictions are fun. If I had to give a reasonable prediction it would be in the ballpark of $10 million, but I think by this time the purchasing power of U.S. dollars won’t be nearly the same as it is right now. So maybe even higher. 

Source: Bitcoin magazine

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Dhruv Bansal On Societal Organization Systems And Bitcoin

The visionary Unchained Capital co-founder excitedly details his thoughts on why bitcoin is so inspirational.

This interview with Dhruv Bansal was conducted by myself in an effort to obtain valuable insight into a rather visionary Bitcoiners mind, and I believe my mission was accomplished. Bansal’s answers are profound and thought-provoking, giving us a glimpse into his thoughts on Bitcoin at large. Be sure to check out his talk at Bitcoin 2021 here after reading the edited transcript of our interview below.

Casey Carrillo: Hi everyone, I have here Dhruv Bansal, co-founder and CSO at Unchained Capital.

I was lucky enough to have an email Q and A with Mr. Bansal, and we agreed to sit down here at Bitcoin 2021, where I’ve had the pleasure to finally meet him in person. First of all, welcome to Bitcoin 2021, and I hope you are enjoying your time here.

Dhruv Bansal: Thanks Casey, it looks like I’m going to be a little overwhelmed, it looks like a huge conference.

Carrillo: Absolutely. So, jumping right in: in your previous article you mentioned that you’re excited to see the Bitcoin-inspired discoveries other scientists make within their respective fields. What, in your opinion, gives Bitcoin this capacity to inspire different ways of thinking about things?

Bansal: I think anytime humanity discovers a new principle of organization, governance, construction or material science, it affects everything. I think that’s true for ideas of evolution and for ideas of computation. I think we’re seeing that with Bitcoin. Bitcoin is interdisciplinary. One of the things it does is that it distributes decision-making, order matching, reality and truth in a way that we’ve never seen happen before, which gives Bitcoin a lot of its strength and resilience and is what makes it unique. I would love to see scientists and researchers of all stripes apply those kinds of thoughts and methods to other kinds of systems. My talk with Ryan is attempting to apply some of this thinking to things like the internet, other networks and civilization. But I think Bitcoin can go beyond that: it can teach us how to deal with systems that don’t have any definite state in a given moment in time but that eventually become consistent. We know this from databases quite intimately, but to see it not only affect a database in an esoteric programming context but to see normal people talking about notions of forks and eventual consistency is really powerful. I love to see that learning wash over humanity as a whole and allow us to be more informed of the trade-offs and rules of distributed systems.

Carrillo: I find your business, Unchained Capital, extremely interesting. What is your personal interpretation of the macroeconomic conditions surrounding the surge in bitcoins price, and do you believe the conditions we’re in currently are set to continue?

Bansal: That’s an interesting question—and I’m certainly not an economist or anybody you should look to for macroeconomic commentary—but what I’ll mention is that like a lot of Bitcoiners I expected the price to increase in 2021 tremendously. Why? History, stock-to-flow, four-year cycles. It feels a little bit silly to say that just because it happened four years ago it’s going to happen again, but I have admitted to myself that that’s kind of what I believe. And here we are: it’s happening again and it’s been happening. Now, truthfully, it’s not happening merely because it’s four years from the last time. It’s happening for real reasons. Most people who are buying bitcoin probably don’t care that four years ago was the halvening or that last year we had a halvening. It’s so curious to me, believing that the price would increase, to watch things like the COVID pandemic happen, to watch things like money printing go crazy over the last year, and to watch people pay attention to that and connect it to bitcoin. And lo and behold, the price started to increase. And as much as I expected it would, I was still shocked to understand why it did. Obviously nobody expected the COVID pandemic. There are probably other reasons too, which if I was more of a macroeconomic thinker I would be able to draw out. To me that’s been the most interesting part of this whole process, knowing that it would happen but not really knowing why and then seeing the why and understanding thesense behind why it happened.

Carrillo: Going off that, I suppose it may be believed that these conditions drive the price in the short term. Are you of the personal belief that in the long term these things are irrelevant to bitcoin and we’re experiencing a sort of water flowing down a mountain, a sort of inevitability?

Bansal: I think that’s a nice way to put it. I mean yes, this is something Ryan and I were talking about: Bitcoin has already won. And I’m not saying there’s no risk or no concern and we should all just be chill and not try to work hard to make this asset class better, richer, stronger and more robust. We should be doing those things. But essentially I believe it’s already won. That, in your words, it’s kind of like we’re just going to be going downhill in the next fifty years as Bitcoin takes over every aspect of society and affects it in some meaningful way. Nevertheless, even water going downhill has to contend with things in its way like obstacles, boulders, whatever you like. And there are a lot of those. So I think when we see the price retrace by 50%, that affects my business very strongly, it affects so many people here [Bitcoin 2021], and so when I see that happen I kinda think “well, we’re still just rolling down hill, aren’t we?” Like, we’ll be right back at $60,000 in a couple months, we’ll maybe cross $100,000 after that. I still tend to be extremely optimistic. Of course I could be wrong and it won’t work out this way, but hopefully it continues to do, on the largest scale, the thing I think it’s going to do, which is increase in price tremendously over the next few decades.

Carrillo: Having conducted this interview at Bitcoin 2021, I want to ask you what you’re most looking forward to at the conference.

Bansal: Oh that’s an easy answer. There are so many people here that part of me is worried that, while walking through the conference and all the events, there’s gonna be so much noise and chaos. But the excitement is that there are so many people here, so many of my friends and colleagues, people I’ve been reading the last few years and admiring from a distance. And I’m getting to meet them, have drinks, go on walks with them. You know, the chance to really dig in and have that kind of conversation you can only have in person is what’s so great about conferences in general, and in particular that’s what’s going to be so great about this one for me.

I really appreciate Mr. Bansal taking the time to answer my questions at Bitcoin 2021. Thanks for reading, and be sure to check out his talk at the conference on YouTube.

Source: Bitcoin magazine