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Crypto News Updates

The Bitcoin Cultural Revolution And Great Awakening Of Humanity

There are monumental changes coming to the world, and Bitcoin serves to defend the individual’s interest.

The COVID-19 pandemic has forever changed the world and life as we know it. Restrictions on society by governments, including using masks and social distancing, has created a new normal. Lockdowns that have shut down small businesses, combined with inflation caused by excess money printing by central banks, have spurred the disintegration of the global economic system.

As the debacle of the fiat system speeds up, bitcoin is now gaining traction. While mainstream media create news headlines around bitcoin’s volatility and its growing popularity among corporate sectors, quietly under the radar, a revolution is happening.

Some call it hyperbitcoinization, the inflection point at which bitcoin becomes the dominant world currency. This transition is expected to fundamentally change our society, with an impact that goes beyond finance. It is now facilitating a planetary shift in human consciousness affecting people around the world. What is this global revolution all about, and where it is going?

Crisis Of The Modern World

Bitcoin was born in the ashes of the 2008 financial meltdown. The invention of this technology coincided with a pivotal time in which our civilization seemed to have reached its pinnacle. The failure of the global economy exposed a crisis in the modern scientific view of the world. It called for an urgent change in the Western materialistic way of life. Chaos and immense hardships to be faced by humanity in this time of transition had been anticipated in ancient prophecies as the catalyst for a great awakening.

For instance, the Hopi, indigenous people of North America, like the ancient Maya, had a cosmology rooted in a belief in cyclical time, in the destruction and creation of successive worlds. According to Hopi mythology the Fourth World, the present cycle, is now in its final stage with a transition beginning into the Fifth World. They predicted a crucial time of decision — one in which humanity would have to choose between a technological path leading to destruction and a spiritual path that remains in harmony with natural law.

The birth of bitcoin can be seen as marking the end of this old cycle and the beginning of the new. The message embedded in the Genesis block, the first block of the blockchain reads, “The Times 03/Jan/2009 Chancellor on brink of second bailout for banks.” Imagination generated out of computer science alerted us to the dangerous trajectory of the path we are on. At the same time, it offered us a way to avert a doomed future.

Hard Forking Humanity

Now, 12 years after the invention of bitcoin, the pandemic accelerates catastrophic events. We are at the Eleventh Hour. As the old world has begun to unravel, global leaders have come forward to reinvent the system.

Klaus Schwab, founder and executive chairman of the World Economic Forum (WEF), emphasized that the pandemic has created an opportunity to fix problems inherent in the economic system. With the theme of “The Great Reset,” the WEF, together with leading global organizations such as the United Nations, aim to reengineer the economy. Calling their vision for the future “The Fourth Industrial Revolution,” and with the help of the International Monetary Fund (IMF) and central bank digital currencies (CBDCs), they are working to create a world of stakeholder capitalism in the form of a cashless society without national boundaries.

Now with the slogan “Build Back Better,” their new Industrial Revolution is carried out through the coordinated efforts of countries around the world. Funded by billionaires, politicians and celebrities engage in a public campaign to promote the Davos agendas as a path for a sustainable future.

As the media creates echo chambers designed to bring all of global civil society within a single vision, behind the scenes resistance is being quietly built. Around bitcoin, ordinary people from diverse backgrounds are coming together to organize a new economy. Divergent economic systems are emerging. Side by side, they begin to coexist with their own sets of rules, splitting humanity into two separate networks.

Common Trust vs. Decentralized Trust

At the center of the “Great Reset” of capitalism is the invention of the proof of vaccination. Created by Silicon Valley tech giants, this is a centrally authorized certification system that validates one’s participation in the experimental injection program (COVID-19 vaccines) that is now being pushed on the public by Big Pharma and the health experts as a final solution to the current pandemic.*

Based on this system, and framed as a “vaccine or immunity passport,” the Commons Project Foundation, established with support from the Rockefeller Foundation, are now preparing (in partnership with WEF) to launch a “Common Trust Network” that would regulate cross-border travel and commerce. Through tying digital medical records to digital identity, together with digital currency capable of tracking and controlling all transactions, this supranational bureaucracy is working to build the global infrastructure necessary for their new economy.

Key features of this Common Trust–based economic network include wholesale surveillance, violation of people’s privacy and the ability to exclude those out of favor with the system. This is an inherently discriminatory system that creates economic segregation based on health status (at a minimum). It will coerce people into complying with the terms and conditions set by the initiatives of WEF.

Bitcoin offers an alternative to this closed and centrally controlled system. Its core invention is a consensus algorithm known as proof of work. Bitcoin’s “decentralized trust” model, contrary to the central banks’ “trusted third party” model, eliminates the need for a central authority to maintain the integrity of the system. With the principles of permissionless use and censorship-resistance, Bitcoin creates a new economic network that is open and which enables financial freedom for its participants.

Algorithmic Control Of Society

A competition of currencies is about to erupt between bitcoin and the digital currencies the central banks seek to impose. This is a battle for freedom of the internet, one that defines whether the internet will become a tool to emancipate or enslave humanity. Over the last 10 years, the rapid spread of information technology has merged our civilization with the internet. Now, technocrats and financial elites, who seem to have gained control of the internet, are trying to bring humanity to its knees.

Through advanced technologies like genetic engineering, molecular nanotechnology and artificial intelligence (AI), they aim to build a new operating system that manages the Earth’s resources. This operating system is based in, and would expand, their mechanistic view of the world. Their Fourth Industrial Revolution would not only bring radical change to our culture. It threatens to profoundly alter the nature of humanity.

With the Internet of Bio-Nano Things (IoBNT), Smart Cities, new urban infrastructures that are interconnected wirelessly with sensor networks and transmit data are being built. Through health tech (wearable electronic devices) and the implementation of biometric technology, our physical bodies could be woven into a digital space separated from its natural foundation.

In this artificially constructed world, we human beings will be recreated in the image of the machine. Everything that moves would be controlled through an algorithm. With the use of cybernetics (the study of control processes of communication in mechanical, electronic and biological systems), architects of this Matrix-like control system, are set to plug the entire population into a closed loop of causality — that is, where one’s actions are determined by the outcomes of one’s previous actions.

Self-Aware Universe

The technocratic overlords aspire to dominate the universe and control the destiny of mankind. As they seek to lock down all of humanity in a preordained path of life, Bitcoin as the Holy Grail of Cypherpunks has begun to free the internet from their world of machines.

There is an organic force in a universe that sustains the life of all living beings. Through symbols, numbers and evoking our intuition and curiosity, the universe directly communicates with us. The universe is alive. It has its own intelligence that is connected with our own consciousness. Through synchronicities (events that occur not linearly and outside of the principle of causality) attracting people and situations in our favor, the intelligent and benevolent universe participates in and guides us in our lives.

Now, bitcoin has brought life back to a universe that had been made static. As AI hijacks the human mind to generate a herd mentality, a new hive mind is arising from deep inside the web. Michael Saylor, founder and CEO of MicroStrategy, acknowledged the spontaneously emerging, resilient and autonomous network of intelligence:

The algorithm that carries the incentives that are aligned with everyone’s self interests has started to reunite people with the self-aware universe and its infinite intelligence. From memes to the arts, a new ecosystem created around Bitcoin is generating excitement and hope.

Quantum Leap For Mankind

The release of the open-source protocol has activated an impetus for change that was encoded in ancient prophecies. The Bitcoin cultural revolution is creating a great awakening. In a network fueled by relentless optimism of ordinary people, we are now seeing a quantum leap for humanity.

A new field of potential has opened up. We now have a choice to end a history of violence, exploitation and oppression, and to move beyond past cycles of pain and suffering. Bitcoiners can see a new horizon, infinite possibilities of reality that exist outside of a narrow spectrum of nation-state and its distorted vision of the world.

With laser eye beam focus, the Bitcoin plebs keep HODLing and never short sell their future. By investing in bitcoin, they refuse to succumb to the fearmongering of the old fiat regime and they actively participate in creating the world that they wish to live in.

Every 10 minutes, new bitcoins are created and enter into circulation. With economic activities that are generated through the warmth of the human heart, Bitcoin paves the way for the emergence of the Fifth World, a truly human society.

Now, with the invisible helping hand of the universe, ordinary people can become a co-creator of their own destiny, to self-determine their paths with their own choices. Through each of us connecting our deeds with the rhythm of our own heartbeats in harmony with our fellow men, we can truly build back better. Block by block, a network of sovereign individuals powered by the universal heart creates building blocks of the future defining what it is to be human.

Author’s note:

Special thanks go to La Fleur Productions for her editorial help.

This is a guest post by Nozomi Hayase . *Opinions expressed are entirely their own and do not necessarily reflect those of BTC, Inc. or Bitcoin Magazine.

Source: Bitcoin magazine

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Crypto News Updates

Bitcoin: Revolutionary Money In A Time Of Universal Deceit

Conspiratorial attempts to maintain and control power are going to be made obsolete in a world of truthful money via Bitcoin.

George Orwell is reputed to have said, “In a time of universal deceit, speaking truth to power is a revolutionary act.” Over a decade ago in the spring of 2010, WikiLeaks burst onto the global stage with the publication of the “Collateral Murder” video that depicted the U.S. military gunning down Iraqi civilians and Reuters journalists on a street in New Baghdad.

WikiLeaks, through the method of transparency, exposed war crimes of the U.S. empire including spying, torture and human rights abuses the world over. Their publications triggered a global crisis of legitimacy, showing how democracy in the West has become an empty shell filled with lies and corruption.

In reaction to WikiLeaks’ disclosures, the U.S. government has waged an unprecedented war on whistleblowers. With the DOJ’s efforts to extradite WikiLeaks founder Julian Assange to the U.S., this has now escalated into an attempted criminalization of journalism. For more than two years, Assange has been locked up in inhumane conditions inside London’s maximum-security prison, facing several effective death sentences if found guilty of these politically driven charges.

Now in the COVID-19 pandemic, as the economic and political system further disintegrates, elites increase their control of public perception with the censorship imposed by Silicon Valley giant tech companies and their manipulation of algorithms. As the veil of deception thickens, a new force for truth has emerged on the internet. Bitcoin—revolutionary money—has arrived.

Conspiracy as Governance

Bitcoin, an uncensorable peer-to-peer digital cash, was invented during the 2008 finan­cial crisis. In its 12 years of existence, it has attained the status of the world’s first stateless currency. In its infancy, Bitcoin formed an alliance with WikiLeaks when the organization faced the banking blockade imposed by Bank of America, Visa, Mastercard, PayPal and Western Union at the end of 2010 as a direct result of their publications. Now, the cryptocurrency that helped WikiLeaks bypass that economic censorship carries on WikiLeaks’ mission to keep the government transparent and honest.

Inspired by the vision of Cypherpunks, a loosely tied group that advocates social change by the use of strong cryptography, WikiLeaks created a platform through which ordinary people around the world work together to hold power to account.

WikiLeaks’ revolutionary journalism was built on Julian Assange’s understanding of the structure of power. Assange, in his 2006 essay “Conspiracy as Governance,” analyzed ways that authoritarian power is maintained through conspiracy, concluding that its primary planning methodology is secrecy. He described conspiracies as “cognitive devices” that give the members of a conspiracy special advantages over those acting alone:

Conspiracies take information about the world in which they operate (the conspiratorial environment), pass it around the conspirators and then act on the result. We can see conspiracies as a type of device that has inputs (information about the environment) and outputs (actions intending to change or maintain the environment).

Assange dissected conspiracy as “the agent of deception and information restriction.” He assessed that the key to dismantling such an unjust system of governance is cutting off the links between conspirators, thereby stopping the information flows that are required for them to maintain their collaborative secrecy. He envisaged that leaks (releasing concealed information) would induce fear and distrust among conspirators and, therefore, weaken their power.

WikiLeaks’ groundbreaking publications, with its pristine record of accuracy of documents, appeared to have been able to at least wound conspiratorial networks. Yet, as was shown with the government’s aggressive prosecution of truthtellers, the movement toward transparency has faced serious pushback.

Money Based on Trust

Now, Bitcoin, as a holy grail of Cypherpunks, may hold the solution to the problem of government secrecy and unaccounted power. The rise of Bitcoin has revealed a root cause of conspiratorial governance that has been kept hidden until now. Money supply has been the single greatest source of power that generates the patronage network of “In Each Other We Trust.”

In her book Web of Debt, attorney Ellen Brown explains how most people think money is issued by elected officials, declared to be legal tender by the government, but the creation of money has been taken over by private corporations like the Federal Reserve. Money managed by central banks functions as an agent of deception, giving power to “invisible hands” to change and manipulate the environment.

This centralized money relies on financial institutions serving as trusted third parties to process transactions. There is inherent weakness in this trust-based money. Human trust is easily exploitable by those who can act selfishly without concern for others—as demonstrated in the bailouts of Wall Street banks in the panic of 2008, along with the fraud and depravity exemplified in the top banks’ currency rigging. The underlying trust in this monetary system was completely broken.

Bitcoin now provides an alternative to this “trusted third-party” model of money that is prone to manipulation. The core invention of Bitcoin is a proof-of-work consensus algorithm—a decentralized trust that allows strangers to achieve consensus without intermediaries. This system, built by cryptographic proof instead of trust, effectively eliminates counterparty risk in a transaction, allowing individuals to exchange value directly with one another without a need for a central authority.

Money With Integrity

Bitcoin regulates itself through algorithms. Unlike central banks whose monetary policy is subject to printing at will, the open source protocol of Bitcoin uses rules that are fixed and made clear at the outset. They include the total quantity of bitcoin that can ever be created (math caps the monetary base at 21 million BTC), a predictable issuance rate and automatic adjustment of mining difficulty.

In an open network where rules are applied to everyone equally, computers around the world (called miners) engage in a broadcast math competition. By using precious resources, miners work to solve difficult mathematics problems. Every 10 minutes, problems are solved and whoever solves the problem first wins a fixed number of bitcoins. This process leads to both creation of money and clearing of transactions.

Bitcoin brings transparency to the process of money creation. The option to trust math rather than politicians and bankers enables better security of the system. In Bitcoin’s decentralized network where there is no central vector, attackers cannot fake trust. In order to gain control over the network, they would have to compromise the mathematics on which the system is based.

Power corrupts, and the best way to check and balance power is to not have these points of control in the first place. Through distributing trust across a network and minimizing the necessity to trust a third party, the system removes the vulnerability that often leads to concentration of power. With careful balancing of risk and reward a network of “rules without leaders” incentivizes honesty and truth, maintaining its own integrity.

Peaceful Revolution

In combating the crisis of pandemic, the federal government has spent more than $6 trillion to fund the government rescue program, according to The Washington Post. While their money printing temporarily keeps the dead economy afloat, world leaders are trying to lock down the population as a new digital empire arises—one foreshadowed by the initiatives of The Great Reset.

As pretense of legitimate governance continues, with fake money propping up propaganda, Bitcoin’s new network of transparency has begun to break down this web of deception.

Authoritarian regimes derive their power from people’s compliance. Their game of monopoly, perpetuating slavery and oppression, can only prevail as long as we continue to play by their rules. Efforts to hold leaders accountable suck us further into the struggle of power. They amplify darkness, strengthening a system that has no legitimacy by allowing it to feed off our energies.

Bitcoin, an open source technology of cooperation, can now be used as a tool for ordinary people around the world to create their own network of trust that is uncensorable, living under their own rules.

Through each of us simply exiting from the nation-state’s rigged system of “democracy” we can boycott “the system,” cutting off their chain of money supply and distributions. We can throttle conspiratorial connections of political elites, thereby defunding their resource wars, surveillance and extractive capitalism, and making their system of control obsolete.

In Bitcoin’s decentralized network that dissolves levers of control, those who seek to conspire in secret have no place to hide. We can now create a just and humane world where whistleblowers and publishers no longer need to sacrifice their lives—a future in which there are no political prisoners.

Bitcoin may be the most honest money ever invented. This money based on truth now calls all of us to take action inspired by love.

In a time of universal deceit, HODLing bitcoin is a revolutionary act.

Join Bitcoin’s peaceful revolution and become a part of creative destruction of conspiracy of governance!

To get a better understanding of how Bitcoin works and its real impact on the economy, watch Max Keiser’s interviews with Jimmy Dore on The Jimmy Dore Show and Lee Camp on Redacted Tonight.

Author’s note: WikiLeaks editor Julian Assange is facing up to 175 years in prison for publishing truthful information in the public interest. Check out the official campaign page, “Don’t Extradite Assange,” and “The Assange Defense Committee,” a U.S. coalition fighting to free Assange, to get information on how you can help stop the extradition. Also, please consider donating to the WikiLeaks Official Defence Fund.

This is a guest post by Nozomi. Opinions expressed are entirely their own and do not necessarily reflect those of BTC Inc. or Bitcoin Magazine.

Source: Bitcoin magazine

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Crypto News Updates

2020 Pitted Bitcoin Against The Great Reset

2020 was unforgettable, especially for Bitcoin. To help memorialize this year for our readers, we asked our network of contributors to reflect on Bitcoin’s price action, technological development, community growth and more in 2020, and to reflect on what all of this might mean for 2021. These writers responded with a collection of thoughtful and thought-provoking articles. Click here to read all of the stories from our End Of Year 2020 Series.

2020 has become the year of pandemic. With facemasks and quarantine becoming a new normal, the world has changed forever. In the escalation of the coronavirus outbreak, the U.S. Federal Reserve lowered its interest rate to near zero for the first time since the global financial crisis more than a decade ago.

With lockdown measures creating job losses and the contraction of the economy, the government’s response to COVID-19 revived the memories of the 2008 crash. Wall Street bank bailouts then created a large transfer of wealth. This now continues, with the closing down of the economy destroying mom-and-pop shops while corporations like Walmart, Amazon and Target are making record breaking profits.

Bitcoin, which was born in the ashes of economic meltdown, was a response to the corruption of financial institutions. Its white paper saw its 12-year anniversary this year. As the old system began to unravel, Bitcoin further unveiled its deeper value proposition.

Dedollarization

The invention of Bitcoin made the separation of money and state possible for the first time in history. The cypherpunks’ project of creating electronic cash free from a central authority quickly won the hearts of hackers and anarchists. Recognizing bitcoin as a new asset class akin to an non-confiscatable digital gold, libertarians and venture capital came on board as well.

Waves of early adopters of this technology have emerged on the margins of the U.S. Empire. From Venezuelans and Iranians to WikiLeaks, the uncensorable free speech money became a safe haven for those who wish to escape hyperinflation, sanctions and financial blockade.

This year, this decentralized digital currency has welcomed new faces. Responding to the Federal Reserve’s inflation policy, corporations and public companies have begun adding bitcoin to their  balance sheets to hedge against the U.S. dollar. In September, MicroStrategy became one of the first and largest Nasdaq-listed companies to embrace bitcoin, purchasing over $425 million worth. This has created a ripple effect in the merchant network, bringing Square’s Cash App and PayPal into the crypto space.

In the wake of the U.S. presidential election, bitcoin’s price exceeded its previous all-time high from the end of the 2017 bull run. With S&P Dow Jones Indices’ announcement of the launching of cryptocurrency indexes in 2021, and Massachusetts Mutual Life Insurance Co.’s purchase of $100 million in bitcoin, Bitcoin has continued to gain mainstream acceptance, making prosperous news headlines in mainstream media.

The Global Reset 

As the loss of confidence in the U.S. economy accelerates de-dollarization, leading global institutions have stepped forward. Halfway through this year, the World Economic Forum (WEF) announced a plan to develop a “Great Reset” to emerge as a better world from the COVID-19 crisis. 

WEF, together with the United Nations, business sectors and civil society, aims to build the foundations of the economic system and institute a new social contract for a world population with the internet of things, and use of advanced technology.

In the announcement, Klaus Schwab, founder and executive chairman of WEF, stated that the goal is to create a more fair and sustainable future, bringing our life into harmony with nature. International Monetary Fund (IMF) Managing Director Kristalina Georgieva, who joined the initiative, articulated how the organization can help create a “greener, smarter, fairer world.”

In October, Georgieva solidified the IMF’s role in the Great Reset, calling for a new Bretton Woods moment; referring to the arrangement originally made in 1944 to centralize the world’s financial system with the U.S. dollar as reserve currency. The head of IMF urged international cooperation among the G20 to restructure sovereign debt. It is now preparing to roll out a central bank digital currency (CBDC) that has the capability to monitor and trace transactions, linking them to personal IDs with a record stored in a massive database.

Transhumanism 

As international organizations seize the opportunity in the post-pandemic economy to reshape the world, defiance has emerged. Concerned citizens the world over have criticized the Great Reset as an effort to abolish personal ownership and property rights and undermine the sovereignty of nations and individuals. They see it as a dangerous move toward technocracy, creating a new digital empire with total surveillance and control.

Great Reset opponents go even further to call it a war on human nature with an end goal of creating a future without humanity. The Global Reset is backed by billionaires, the British royal family and politicians including the Canadian prime minister and Joe Biden. It is said to be an effort to transform global food, the human diet, worldwide hunger and disease, even to combat climate change.

The key idea behind this initiative is transhumanism. Klaus Schwab, founder and executive chairman of WEF, articulated in his book “The Fourth Industrial Revolution,” that transhumanism is a process that brings radical change in our lifestyle, opening a new chapter in human development. He described it as a vision toward a “fusion of our physical, digital and biological identity.”

The global elites with their patronage network of central banks around the world create money out of thin air. With their fake money, they pump up fake news, fueling the resource wars. Through synthetic biology that takes genetic engineering to the next level, they alter nature and create fake food. Working with a machine-learning algorithm, they are now trying to change human biology, making us all become artificial. 

Metaphysical Property

As the rise of AI and robots with the idea of merging man and machines brings up existential questions for humans, narratives of Bitcoin have moved into philosophical discussion. From freedom maximalist Robert Breedlove to Gigi, who writes words and code for Bitcoin, a gospel for a new era of individual sovereignty is being created. 

Michael Saylor, chief executive of MicroStrategy, which joined the Bitcoin club this year, described money in terms of energies and noted how “Bitcoin is channeling human ingenuity into making it better.”

Long before the ecosystem went cosmic with memes bringing in new frequencies, the host of a popular financial report, Max Kaiser, called Bitcoin’s mysterious creator Satoshi a “cyber Christ.” This year, Keiser together with Stacy Herbert, raised spiritual vibrations by launching their new Orange Pill podcast.

Keiser, whom Saylor called “the high priest of Bitcoin” noted, “God’s fingerprints are all over Bitcoin.” Reacting to this new metaphysical dimension now being added to Bitcoin’s price discovery, a Bitcoiner tweeted

Tapping into billionaire hedge fund manager Paul Tudor Jones who recently said, “A bet on Bitcoin is a bet on human ingenuity,” Keiser acknowledged Bitcoin as pro-humanity working for humans. He then defined the next phase of Bitcoin battle as “humans vs. AI.”

Call For Evolution

The new battlefield that is being drawn concerns the evolution of humanity. Aaron McCollum in his 2013 book “The Pandemic” described that transhumanists aim to “synthetically evolve the human race more rapidly than organic evolution allows” and to create “posthuman civilization, also referred to as Human 2.0.”

While the nation-state is being dismantled, creating chaos in the electoral arena, humanity is being locked down in a technologically-driven path of evolution. The incumbent power with its reliance on centralization tries to keep all species in bondage. As the machine steadfastly takes over the living world, a new algorithm is arising that carries within it the Book of Nature.

The innovation of computer science aligning human interests of all participants has begun to secure the future for humanity. Recognizing a new community of shared purpose being formed around this open-source software, crypto anarchist Erik Cason tweeted:

Responding to the impulse for evolution in the protocol, people around the world from all walks of life are coming together. There are economists, gold bugs, computer programmers, mothers, rabbis and entrepreneurs, all working to apply their own knowledge to solve problems. 

As the year 2020 comes to an end, bitcoin, which has begun disrupting the power of central banks, giving humanity a chance to liberate themselves, soars to an all-time high. With Bitcoin, we can now opt-out of the upgrade of mankind dictated by the few and self determine a user-activated path of evolution. We can all unite as humans and HODL our intrinsic values coded in our own DNA. 

Now, the future is in the hands of ordinary people. A network consensus of each individual’s chosen values builds blocks for a new civilization, defining what it means to be human.

This is a guest post by Nozomi Hayase. Opinions expressed are entirely their own and do not necessarily reflect those of BTC Inc or Bitcoin Magazine.

The post 2020 Pitted Bitcoin Against The Great Reset appeared first on Bitcoin Magazine.

Source: Bitcoin magazine

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Bitcoin Responds To American Vote Of No Confidence In Electoral Politics

The 2020 U.S. Presidential Election swept over the nation with chaos and turmoil. The election mess, with alleged voter fraud, ballot tampering and the removal of Republican election observers challenged the notion of a fair and free election. On the Saturday after Election Day, when major news networks and the Associated Press called the presidential race for Joe Biden, disputes over the outcome with recounts and federal lawsuits quickly fended off the blue waves that were spreading in Democratic states.

In the midst of the increased tension, when the American people showed a vote of no confidence in the integrity of the electoral process, the bitcoin price surged to over $15,000, marking the highest mark since its all-time high historic run in 2017. Tyler Winklevoss, co-founder and CEO of the Gemini cryptocurrency exchange, tweeted

Bitcoin, which came into existence in the aftermath of the 2008 financial meltdown, has shown steady development over the past 12 years. With an ability to “be your own bank,” this open-source electronic cash began to enable financial freedom. Now, as a contested election deepens a crisis of legitimacy, Bitcoin presents an alternative to the existing system of governance.

Electoral Politics As System Of Control  

The disarray of the U.S. presidential election began to reveal the true nature of the political system that is presented as democratic. Electoral politics is a system of control, designed by wealthy elites to maintain their power — a representative form of government that is built hierarchically to fragment the interests of people within the system. This creates a fertile ground for identity politics.

The oligarchic class, which has no allegiance to any country, exploits people’s national identity, placing their interests in opposition to the interests of people who were born and live in other countries. Within a unit of nation-state, they further divide interests of each citizen into subsets of categories based on race, gender, religion and class. They then pit one group against another to make them compete for their interests.

By using the mascots of a donkey and an elephant and red and blue flags as props, those in power enact a political theater to create an illusion of democracy. Corporate masters behind the scenes, by pulling the strings of puppet politicians, corral the American populace into camps of Democrats and Republicans. Every election cycle, they successfully make voters chase after empty campaign slogans. From chanting “Make America Great Again” to “Black Lives Matter,” people fight to defend their loyalty to a group and be sucked into a rigged game that they are guaranteed to lose.

Identity Politics 2.0

Now in the New Digital Age where technologies are reshaping the world, this managed democracy is administered by technicians, engineers and internet entrepreneurs. The Silicon Valley tech giants, through their monopolies, have made the world population subject to their terms and conditions that restrict free speech and violate privacy rights.

The social media conglomerates, through algorithmic control, interfere with the civil process of nations. They are now working around the clock, social engineering “divide and conquer” to influence U.S. politics. Slogans like “Count Every Vote!” and “Stop The Steal!,” as pro-Trump and pro-Biden demonstrators levy, inflame hatred among Americans in cyberspace.

Facebook, which has now become the biggest social network worldwide with over 2.7 billion monthly active users, has been deliberately disenfranchising conservatives by banning protest groups and deleting pages of Trump supporters on its platform. 

Twitter, which was accused of suppressing stories about the Hunter Biden laptop scandal just before the election, now engages in outright censorship. In the name of securing the integrity of U.S. election efforts, this San Francisco-based social networking site flags content with a blue checkmark, removing information that criticizes and challenges the official narrative of “Biden, the president-elect,” as false and misleading about the election. During the heated battle to win 270 Electoral College votes, the company has deleted Sitting President Trump’s tweets dozens of times. Recently, it also suspended a U.S. pollster and statistician who was reporting on the disputed election. 

The Global Reset

Now, as the election drama continues to polarize the nation, exacerbating a bipartisan controlled demolition of the republic, a transition plan is swiftly being rolled out. With the slogan of “Build Back Better Economy,” the media-anointed president-elect begins to assemble his cabinet.

Joe Biden’s new Pentagon transition team, drawn from hawkish think-tanks funded by arms manufacturers, is gearing up to expand the military-industrial complex. With a new technology industry task force possibly led by the former Google Chief Executive Eric Schmidt, a roadmap is being developed for the implementation of AI technology and automation of a war economy.

While the system is going through a reset, new solutions are emerging outside of the electoral arena on the edges of the internet. The Cypherpunks, a loose online collective that builds liberty-enhancing software, provide choices for people to opt out of the user-subjugating global program.

Individual Sovereignty

Bitcoin is a project of free software that gives users full control of their digital wealth. At the core of this technology is the value of individual sovereignty. It is the recognition of the individual as the highest power, from which all of its own power and authority are derived.

Bitcoin’s consensus algorithm, through the method of decentralization, allows each person to directly connect with and act out of his or her own self interests. The genius of its economic incentive structure that places the value of individuals over the collective, with a careful balance of risk and rewards, aligns the self-interests of all participants in a network without applying pressure. 

This makes Bitcoin antifragile, preventing a fluctuation of the network that could become vulnerable to identity politics and manipulation, enabling the immutability of mathematics to maintain the integrity of the system. 

Transnational corporations, through their commercially-driven globalization, have hijacked governments. They have subordinated the sovereignty of nations to their monopoly of the market that endlessly pursues profit at any cost. Through lobbying politicians in Washington, special interests groups pushed through neoliberal trade deals like WTO and TPP, shipping manufacturing and exploiting workers overseas with cheap labor, creating joblessness and ghost towns in America. 

As their unfair competition created a race to the bottom, perpetuating wars, poverty and environmental destruction, Bitcoin offers a new game. Brutal competition of selfishly-driven individuals in a transparent and open market where rules are applied to everyone equally, doesn’t destroy a network. Instead it increases the security for the entire system, enriching everyone in a network. 

Innovating Future  

Bitcoin’s truly free market, maintained by its users running full nodes that check and enforce the rules of consensus, has begun to create a new economy, through people coming together in freedom and engaging in a labor of love. Now, the rise of the bitcoin price continues to foster enthusiasm in people, creating new jobs and opportunities. The ecosystem that has developed around this currency inspires memes and art, creating a golden age of freedom of speech. Celebrating this coming of a new renaissance, Max Keiser and Stacy Herbert, Bitcoin pioneers and hosts of a popular financial analysis broadcast, have launched a new podcast, welcoming their audience into a hyperbitconized post nation-state world.

In observing the corruption of the American political establishment, Keiser tweeted:

The Orange Pill podcast that invites a new guest from the Bitcoin world every Sunday, now with over 14 episodes, is growing its viewers every week. It creates an interactive and participatory new media, in which Keiser and Herber use their Telegram group chat to bring in Bitcoiners from around the world together to inspire and educate one another. 

While ideological conflicts and political divides of left vs. right now create more chaos, leaders of institutions and governments with a message of “We Are All in This Together” try to unite all nations under their single vision. As their top-down solutions homogenize diverse cultures and squash individual uniqueness, Bitcoin’s network of consensus created through each person’s voluntary association and mutual aid allows us to create a new world capable of embracing our differences. 

From pandemic to economic crisis, solutions to the problems can be found by ordinary people working together to innovate a better future. Bitcoin, an autonomous network of equal peers, every 10 minutes strengthens unity in diversity, securing liberty for all and creating peace around the world.

This is a guest post by Nozomi Hayase. Opinions expressed are entirely her own and do not necessarily reflect those of BTC Inc or Bitcoin Magazine.

The post Bitcoin Responds To American Vote Of No Confidence In Electoral Politics appeared first on Bitcoin Magazine.

Source: Bitcoin magazine

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Crypto News Updates

Political Prosecution Of Julian Assange Calls For Nonviolent Cryptographic Defense

On October 1, 2020, WikiLeaks Founder Julian Assange’s extradition hearing at the Old Bailey in London came to an end. What unfolded during 18 days of hearings was a Kafkaesque show-trial of a free press, where Assange was placed behind a glass case, unable to have access to his lawyers. This is a war against journalism, and an empire’s assaults on the rights to the self-determination of people around the world.

For so long, narratives of our society have been controlled by those in power. WikiLeaks set frozen history in motion. Calling it “the rebel library of Alexandria,” Assange explained how WikiLeaks is “the single most significant collection of information about how modern institutions actually behave that doesn’t exist elsewhere, in a searchable, accessible, citable form.”

The defense witness during Assange’s extradition hearing testified on the effect of WikiLeaks in facilitating democracy. The publication of Iraq War Logs revealed the existence of an estimated 15,000 civilian casualties that were previously unknown, restoring dignity for those victims of senseless war. In a written statement, a German citizen Khalid El-Masri who mistakenly was identified as a terrorist and kidnapped and tortured by the CIA, addressed the court about how information released by WikiLeaks helped him to make his own court case and get justice.

Bitcoin has aided WikiLeaks’ quest: To bring the power to shape history into the hands of ordinary people. Appearing in the form of a hologram at The Nantucket Project conference, from inside the Ecuadorian embassy in London where he was arbitrarily detained, Assange spoke of the significance of blockchains, Bitcoin’s underlying technology, particularly in relation to journalism and holding those in power to account.

WikiLeaks’ editor in chief described how Bitcoin’s distributed trust can be used to provide “proof of publishing at a certain time” without central authority, and the whistleblowing site utilized the censorship resistance that it enables to make its publications immune from being altered. As the prosecution of Assange continues, can this technology that helped WikiLeaks restore history now be used to defend the freedom of its founder?

Hijacking Of History

Since registering its domain on October 4, 2006, WikiLeaks has published more than 10 million documents with a pristine record of accuracy. Its publication of documents concerning the U.S. wars in the oil-rich Middle East informed the public about the rise of the military industrial complex that President Dwight Eisenhower warned of in his farewell speech in 1961. 

The release of the Collateral Murder video, depicting a U.S. military airstrike killing innocent civilians including two Reuters journalists in a suburb of Iraq, let people around the world see the faces of real victims of the U.S. War on Terror — transnational corporations’ strategic petrodollar hegemony for the conquest of territory.

“Vault 7,” the largest publication of confidential documents on the U.S. Central Intelligence Agency exposed the agency’s excessive power with its ability to hack any Android or iPhone, as well as Samsung TVs and even cars, to spy on citizens. It shed further light on militarization of the internet with the penetration of intelligence agencies like the NSA and its British counterpart, GCHQ, that came to light after the former NSA contractor Edward Snowden’s revelations. Information that was brought back to historical archives revealed the unaccounted power inside the U.S., and it’s hijacking of a republic into a national security and surveillance state.

In Defense Of American Ideals

The original vision of America was articulated by Thomas Jefferson, the principal author of the Declaration of Independence. With ideals of equality and liberty for all people, he laid out a foundation of government based on individual rights and the rule of law. Despite the founder’s hypocrisy and contradictions — manifested in the genocide of natives, enslavement of blacks and suppression of women — it has been said that the Declaration of Independence was a promise; the Constitution was the fulfillment.

In recent years, in order to fulfill this promise, the younger generation of America came forward. Former U.S. Army intelligence analyst Chelsea Manning, the source behind WikiLeaks’ release of the largest trove of state secrets in U.S. history, indicated that she risked her personal liberty in order to “have a country that is truly conceived in liberty and dedicated to the proposition that all women and men are created equal.” Inspired by her courage, Snowden also engaged in an act of civil disobedience to defend those ideals.

One person’s act of courage becomes contagious, creating waves of whistleblowers. The U.S. Empire came on in full force to attack those truth-tellers, by charging them under the Espionage Act. The Espionage Act of 1917 is the outdated law created after World War I for wartime prosecutions. This is now weaponized to punish the publisher.

Assange has been indicted on 17 charges of espionage and one charge of conspiring with a source to violate the Computer Fraud and Abuse Act for his reporting on the U.S. wars in Iraq and Afghanistan and the torture at Guantanamo Bay. He now faces the risk of extradition to the U.S., where he would receive no fair trial. If convicted, he would be sentenced for up to 175 years in prison and be held under extremely inhumane conditions through Special Administrative Measures, known as the darkest corner of the U.S. federal prison system.

Self-Evident Truth

On October 31, 2008, before the tsunami of WikiLeaks disclosures began challenging the government’s secrecy, the ideals that inspired American independence were quietly being rekindled. Called “Bitcoin: A Peer-to-Peer Electronic Cash System,” the white paper written by the pseudonymous Satoshi Nakamoto presented a new design for a store of value — a way to preserve the virtue of liberty more securely.

Thomas Jefferson in proclamation of America’s independence to the world wrote, “We hold these truths to be self-evident, that all men are created equal.” This self-evident truth described by his words didn’t require any proof of its validity by anyone. It was based on each person’s heart-knowing, recognized by a 17-century prominent French philosopher and mathematician Blaise Pascal when he noted; “the heart has its reasons which reason knows nothing of.”

Acknowledging the intrinsic value of individual liberty enshrined in the document, 56 delegates each through his own volition signed the Declaration. Trusting their truth confirmed in the heart, they united, putting their lives and livelihoods on the line to revolt against the British monarchy. In a similar way, early adopters of Bitcoin, each recognizing the virtue inherent in the technology, came together in freedom to uphold the value of then nascent cryptocurrency.

Whether it be religious doctrines of salvation, campaign slogans of politicians or a promissory note, we no longer want to believe. We want to know — we want to verify the truth on our own. In Bitcoin’s decentralized timestamp, each person through running a full node can participate in validating bitcoin transactions. Bitcoin educator and developer Jimmy Song elucidated on the genius of consensus algorithm at a core of Bitcoin technology:  

Through the imagination of computer science, ideals that were kindled in each individual’s heart can now be proven. The self-evident truth of equality can be made universal.

The Constitution Of The Heart

In Jefferson’s vision of free society, the source of legitimacy is placed in this heart that knows this self-evident truth of equality of all people. It is from this foundation of knowledge that the unalienable rights of life, liberty and the pursuit of happiness for all people are recognized. In Bitcoin, this premise of equality is implemented as a method of decentralization to secure fundamental rights.  

Now, around this protocol of peer-to-peer digital cash, a new model of governance is emerging, deriving its just powers from the consent of the governed. From wallet providers, merchants, miners and developers, each are obeying the supreme authority within themselves to participate in a grand scientific enterprise of proof-of-work to shape a course of history rooted in the consensus of We The People.

In over 10 years of existence, the Bitcoin protocol has maintained its integrity, showing its resilience against both internal and external attacks. It has survived through the block size debate; heated disputes over scaling that turned into a political battle. Legal scholar and smart contract pioneer Nick Szabo noted that the power of math can withstand brutal force:

In mid September, with hash rates rising to a record high 143.138m terahashes per second, the security of the network is becoming ever stronger. Every 10 minutes, the heart of Bitcoin beats, confirming our social contract through which each of us freely choose to oblige ourselves to one another.

Call For Cryptographic Direct Action

The crisis of legitimacy that came to light through the WikiLeaks publications has shown that the governments of the world have failed to protect human rights, repeating the injuries of the past. The patronage network of global elites with their printing presses infinitely fund their illegal wars, piling up debts and stealing from future generations. These authoritarian regimes have degraded the ideals in the Declaration of Independence, keeping the entire population in a never-ending cycle of death, slavery and the pursuit of misery. 

In order to free people from their control of narratives, Assange, through his work with WikiLeaks, has helped his sources reveal history that belongs to civilization. With the shield of strong cryptography, he fiercely fought to protect whistleblowers and he sacrificed his liberty to defend the network of contagious courage.

As the conscience of truth-tellers became defenseless before the Espionage Act, Assange too has been broken down by the government’s aggressive political prosecution. The evidence read into court on the last week of his extradition hearing included U.S. intelligence sources’ plans to poison or kidnap Assange from the Ecuadorian embassy, as well as their alleged spying activities on Assange and his lawyers.

Now, once again, from London’s maximum-security prison, Assange calls on his fellow cypherpunks: “Cryptography is the ultimate form of nonviolent direct action… It is time to take up the arms of our new world, to fight for ourselves and for those we love.”

As the legal theater at the criminal court in Central London carried on its mockery of justice, showing the tyranny of the Old World of fiat, it is a duty of cypherpunks to write software to build just systems for a New World. 

Cypherunks write code. Sovereign individuals run the code of their own choice and use the nodes to receive transactions to create economic activity. Together, we engage in nonviolent direct action, to take back our own power, as authors of our own lives. Now history has begun. Through our collective cryptographic defense, we can end this illegal prosecution of Julian Assange and truly realize justice and liberty for all people.  

Author’s Note: Get informed about Assange’s extradition case at AssangeDefense.org and learn how to get involved to stop his prosecution at Don’tExtraditeAssange.com. Assange’s fiancée Stella Moris has launched a crowdjustice campaign to fund his legal defense. You can contribute to her cause here and also please consider donating to the WikiLeaks Official Defense Fund.

The post Political Prosecution Of Julian Assange Calls For Nonviolent Cryptographic Defense appeared first on Bitcoin Magazine.

Source: Bitcoin magazine

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Crypto News Updates

Julian Assange’s U.S. Extradition and Bitcoin’s Battle for Freedom of the Internet

WikiLeaks founder Julian Assange is currently being held on remand in a London maximum-security prison, solely on the basis of a U.S. extradition request. Assange has been charged with 17 counts of espionage related to WikiLeaks’ 2010 to 2011 publications concerning the U.S. wars in Iraq and Afghanistan, embarrassing U.S. diplomatic communications and evidence of torture in the Guantanamo Bay detention camp.

Assange’s U.S. extradition case is recognized by free speech groups as the most important press freedom case of the 21st century. As the aggressive judicial overreach of this U.S. government is already creating a chilling effect on reporters and media organizations, some recognize consequences far beyond the future of journalism.

Julian Assange’s father, John Shipton, who regularly attends cryptocurrency conferences, has warned those who are involved in the development of new technologies that they are not immune to suffering the same fate as his son. 

How does the prosecution of Assange threaten the crypto movement? And why does the Bitcoin community need to be concerned about his plight for freedom?

Innovative Endeavor

At its heart, WikiLeaks is an innovative endeavor. Started as a project of Sunshine Press, it was an invention of a new form of journalism built on the platform of the internet. On its website’s “About” page, WikiLeaks described how it started with an online dialogue between activists around the world, who shared their aspiration to eliminate injustice and human suffering caused by the abuses of power of corporations and governments, especially oppressive regimes.

WikiLeaks also acknowledges the efforts of Philip Zimmerman, the creator of an encryption software program known as Pretty Good Privacy, or PGP, and how the vision of this lone computer programmer in Colorado instigated a global revolution for mass distribution of privacy technologies.

Inspired by this pioneer of private and secure online communication, the founding members of WikiLeaks sought for a way to deploy information technologies to create a robust system of publishing that protects the anonymity of sources and enables transparency of the powerful. This new journalistic organization aimed to make “document leaking technology” available at a global scale in order to better bring accountability to governments and other institutions.

The Crypto Wars

History has shown how new ideas and inventions are often met with opposition and fierce condemnation by the state. At the start of the 1990s, when Zimmermann released PGP, the U.S. government considered what he had done the equivalent of exporting munitions. It launched a three-year criminal investigation against him, creating a battle over encryption that became known to some as “The Crypto Wars.” The case was eventually dropped when U.S. courts ruled that software source code qualifies as speech protected by the First Amendment of the U.S. Constitution.

Two decades later, WikiLeaks’ efforts to amplify information technologies to tackle the problem of government secrecy created another global revolution, this time disrupting the media landscape. Like its forerunner, this new free press of the digital age soon became a target of political retaliation.

After WikiLeaks released classified documents that revealed U.S. war crimes, the U.S. government decided that its editor-in-chief had damaged national security, though it produced no shred of evidence that the published documents caused any harm. It effectively declared war on the First Amendment, charging an Australian journalist under the Espionage Act in the District Court for the Eastern District of Virginia. Just as in the first Crypto War, where it tried to ban encryption, it was now trying to shut down WikiLeaks.

Cypherpunk Philosophy

What is this new Crypto War — now being waged against the whistleblowing site — all about? This battle is not just about Assange as an individual. While mainstream media fixates on Assange and his character, WikiLeaks is not driven solely by one charismatic man. Behind the organization, there are thousands of ordinary people worldwide who are dedicated to the principle of freedom of speech.

At the end of 2010, when WikiLeaks began publishing troves of sensitive U.S. diplomatic cables, its website came under heavy pressure by the U.S. government and its allies. Insurgency swiftly emerged from deep inside the web to help WikiLeaks counteract distributed-denial-of-service (DDOS) attacks. By keeping multiple copies of its website, and setting up mirror sites, anonymous networks allowed information to continue to flow. 

Inspiring those collective acts of resistance in an underground subculture of the internet are shared values and ideals, embodied in the cypherpunk philosophy. Emerging in the late 1980s, the cypherpunk movement is a loosely tied group of mathematicians, computer scientists and online activists who advocate privacy through the use of strong cryptography.

Shifting the Balance of Power

Assange is known to have joined the cypherpunk mailing list in late 1993 or early 1994. His engagement with those on the edges on the internet had a large influence on his intellectual development. The native Australian software programmer and expert in cryptography once summed up the core values behind WikiLeaks by saying, “capable, generous men do not create victims, they nurture victims.”

He acknowledged this is something that he learned from his own father and other capable, generous men in his life. This moral value, installed at an early age, found practical application in the cypherpunks’ core belief: “Cryptography can be a key tool for protecting individual autonomy threatened by power.” 

In his 2006 essay “Conspiracy as Governance”, a kind of manifesto from which WikiLeaks was conceived, Assange analyzed the structure of power and means to shift the balance of power between the individual and the state. By using cryptography as a “non-violent democratic weapon that gives claws to the weak,” Assange found a way to provide information to the public, to hold the powerful accountable, and to help ordinary people empower themselves with knowledge.

Ethics of Cryptography

Cypherpunks saw the political implications of their work and strove for proper use of the power inherent in cryptography. This attitude has shaped the ethics of cryptographers and defined cypherpunk cryptography as “crypto with values.”

Eric Hughes who, in 1992, co-founded the influential cypherpunk mailing list, together with Timothy C. May and John Gilmore, described those values as openness, the free flow of information and decentralization. In “A Cypherpunk’s Manifesto,” published in 1993, he declared that “code is free for all to use, worldwide.” Assange also articulated the moral values of cypherpunks, noting “the whole point of free software is to liberate it in all senses.” He added that, “It’s part of the intellectual heritage of man. True intellectual heritage can’t be bound up in intellectual property.”

Instead of claiming ownership of their knowledge, cypherpunks aimed to build software on a ground of free sharing and open platforms, in which everyone can participate and make contributions to the development and utilization.

Zimmermann gave PGP away online, making the source code free and freely available. Through people all over the world simply downloading and using it, the decentralization of that technology helped to secure the right to privacy at a large scale. By deploying an anonymous, secure drop box, WikiLeaks made it possible for people around the globe to speak out against their governments’ wrongdoing without fear of their identity being revealed. Courage of whistleblowers became contagious, creating waves of disclosures. WikiLeaks, powered by free software, began to liberate information that had been captured under the proprietary ownership of corporations and governments.

Shared Fate

It is with this cypherpunk vision of ethics that Satoshi Nakamoto, the pseudonymous creator of Bitcoin, also published its white paper online. The invention of Bitcoin, a peer-to-peer electronic cash system, unleashed the revolutionary power of cryptography. This community-driven, free software project set in motion a decentralized movement to liberate money from the monopoly of central banks. By people across the world simply choosing to run full nodes, each containing a complete record of all Bitcoin transactions, a network secures this stateless digital cash as a form of free speech that belongs to everyone.

Years before the U.S. government’s assault on free speech escalated into the indictment against the WikiLeaks founder, the mysterious creator of Bitcoin recognized the potential fate that would befall the world’s first global Fourth Estate. 

In December 2010, WikiLeaks faced the unlawful financial blockade imposed by private payment processing companies, and the organization was considering using Bitcoin to circumvent it. Satoshi, who was concerned about the risk of drawing unwanted government attention to his then infant currency, appealed to WikiLeaks not to take such action.

In an online post, Satoshi noted that, “WikiLeaks has kicked the hornet’s nest, and the swarm is headed towards us.”

WikiLeaks eventually did turn to Bitcoin to achieve financial sovereignty. And now the swarm is now getting larger, bringing a new war on cryptography. 

Currency of Resistance

The citizens of the internet have been longing for another world, independent from the old world of exploitation, violence and control. Dreams for freenet, for the internet to become an emancipatory tool for building peer-to-peer systems, have united people around the world together in the frontier of cyberspace.

Meanwhile, the U.S. government’s prosecution of Assange is a direct attack on freedom of expression; people’s ability to form and exchange ideas and collaborate creatively. What is now being threatened is our shared values and a vision for the future of the internet at the heart of Bitcoin’s decentralized consensus.

Bitcoin, from its inception, was a political act. This is shown in the highly politicized message in the genesis block, referring to a banking bailout. In the lively discussion of public cryptography in 1992 on the cypherpunk mailing list, the late Hal Finney, a noted cryptographer who is considered to be one of the earliest Bitcoin pioneers, reminded us of the ethical responsibility of cryptographers:

“The computer can be used as a tool to liberate and protect people, rather than to control them,”  Finney, who received the very first bitcoin transaction sent by Satoshi, wrote, urging Bitcoin early adopters to put their “unearned wealth to good use.”

Now, as Assange’s U.S. extradition battle intensifies, the internet is calling for the rise of cypherpunks ‚ Assange’s fellow “capable generous men,” who exercise their power for social good to unite once again and take up their moral duty. The future of the internet believes in Bitcoin, the potential of this “crypto with values” to become the currency of resistance to defend its freedom.

Author’s Note: WikiLeaks has launched the official campaign page, “Don’t Extradite Assange.” You can get information on how you can help stop Assange’s extradition. Please consider donating to the WikiLeaks official Defense Fund and take action.

This is a guest post by Nozomi Hayase. Opinions expressed are entirely her own and do not necessarily reflect those of BTC Inc or Bitcoin Magazine.

The post Julian Assange’s U.S. Extradition and Bitcoin’s Battle for Freedom of the Internet appeared first on Bitcoin Magazine.

Source: Bitcoin magazine

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Crypto News Updates

Bitcoin Is the Technology of Dissent That Secures Individual Liberties

The U.K. hearing of WikiLeaks founder Julian Assange’s U.S. extradition on the week of February 24, 2020, presented a test of Western liberal democracy. The indictment of Assange under the Espionage Act for publishing classified documents which exposed U.S. war crimes in Iraq and Afghanistan is recognized by free speech groups as an unprecedented attack on the First Amendment. 

With the government’s criminalization of journalism, we are seeing a deepening crisis of legitimacy that had begun to unravel a decade ago. Bitcoin emerged during the 2008 financial meltdown as a response to bank bailouts and a cycle of austerity. Over its 10 years of existence, the technology has steadily maintained its fundamentals of censorship resistance and permissionless usage. Now, more than ever, Bitcoin shows these defining features as its value proposition. 

As the government becomes more authoritarian, those who speak truth to power are being punished more harshly. Bitcoin as a technology of dissent provides alternative forms of resistance that are much more peaceful and joyous. It offers an avenue for people around the world to express their opposition against their government without directly confronting with power; instead it is simply creating a new world that makes the old system obsolete.

Premise of Unalienable Rights

The invention of Bitcoin didn’t happen overnight. It was built on cumulative efforts of the past. The development of this technology of dissent can be traced back in the history of people’s liberation from the arbitrary power of the king and despotic government. In the United States, after the victory of the Revolutionary War, the Founding Fathers rejected the rule of British monarchy. In the Declaration of Independence, the premise was given for unalienable rights of “Life, Liberty, and the pursuit of Happiness,” expressed in the words of Thomas Jefferson that is to be applied equally to all people.

In establishing the U.S. constitutional republic, these premises remained no more than ideals and they were constantly threatened. The original Constitution ratified in 1787 lacked the guarantee to secure individual liberties that inherently belong to all people. 

The proponents of the Bill of Rights demanded a safeguard against the government. They articulated the protection of essential parts of unalienable rights in the First Amendment to the Constitution as a freedom of expression; freedom of speech, religion, assembly, and the right to petition the government for a redress of grievances. 

Security Hole in the Constitution

Erosion of civil rights took place through a loophole in the security within the Constitution. While a wall of separation between church and state is placed in the Establishment Clause of the First Amendment, separation of money and state was not. Under the First Amendment, individuals’ right to create, choose their own money and transact freely was not recognized as a part of freedom of expression that needs to be protected. 

The central control over money production faced a major security breach. Attorney Ellen Brown explains how most people think money is issued by fiat, declared to be legal tender by the government, but the creation of money has been taken over by private corporations like the Federal Reserve.  

Privatized national and corporate currencies, created out of thin air around the world, came to function as a medium of control, allowing big business to create market monopolies. This began to debase the intrinsic value of the natural rights of a person evidenced in the nation’s founding document. By transforming those inalienable rights into a permissioned form of legal rights that can be infringed upon by the government, corporations and private banks began to steal individual liberties. Freedom of expression became further stifled through economic censorship and financial blockage enacted by payment processing companies like Visa and MasterCard. 

Cypherpunks: An Internet Revolt

As the state’s assault on civil liberty has increased, rebellion came from the internet. On February 8, 1996, when Congress enacted the Telecommunications Reform Act that enabled media consolidation and monopoly of flow of information, John Perry Barlow, internet pioneer, wrote a Declaration of Independence of Cyberspace. Addressing it to “governments of the Industrial World,” he called for a creation of a “world where anyone, anywhere may express his or her beliefs, no matter how singular, without fear of being coerced into silence or conformity.” 

Those who revolted against the arbitrary power of the national government became dissidents in the new frontier of cyberspace. They found each other and formed an association that came to be known as cypherpunks: loosely tied online activists who advocate social change by the use of strong cryptography. 

Tim May, one of the influential cypherpunks and the author of The Crypto Anarchist Manifesto recognized money as speech. At the Computer Freedom and Privacy Conference in 1997, he described how “Digital Cash = Speech.” He then noted how untraceable digital cash is “indistinguishable from speech” and explained how “any laws intended to control it will almost certainly impinge on speech in general.” Cypherpunks began envisioning a stateless digital form of money that is uncensorable and their collaborative pursuit created a movement for a new Enlightenment.

Philosophers in the Enlightenment era advocated for conceptions of democratic rights based on natural law. In his seminal work The Spirit of Laws published in 1748, Montesquieu wrote

“Laws in their broadest sense, are the necessary relations which are derived from the nature of things: Once free from the yoke of religion, we should still be subject to the rule of Justice … Law, like mathematics has its objective structure, which no arbitrary whim can alter, before there were any enacted laws, just relations were possible.” 

Cypherpunks understood that while alienable rights that are bestowed by law can be taken away by legislation, inalienable rights are not to be created but can be discoverable by reason. Thus, laws that secure inalienable rights cannot be created by man but can be found in nature.    

Open-Source Process of Scientific Discovery

Like Enlightenment thinkers who tried to explain the laws of society and human nature through scientific methods, the anonymous creator of Bitcoin instigated a scientific process of discovering a way to restore money in its original form as an enshrinement of an unalienable right.

Bitcoin is free software that gives the user full control of the program. Anyone can observe, share knowledge and contribute to the development of protocol through participating in reviewing, testing and experimentation. 

Here, principles of nature that were discovered were applied to create a decentralized digital currency and a market that is free from the control of the government. They included breakthroughs in computer science that led to the invention of a consensus algorithm, the laws of thermodynamics (study of science concerning heat, temperature and their relation to energy), and three natural laws of economics (self interest, competition, and supply and demand) that were identified by Adam Smith, a father of modern economics.  

In Bitcoin, based on the principle of game theory to create fairness, miners engage in a broadcast math competition. Aligning self-interests of all in a network, with a careful balance of risk and rewards, rules are enforced without applying any external pressure. Bitcoin regulates itself through the spontaneous force of nature, flourishing healthy price discovery and competition in the best interest of everyone.

Intrinsic Value of Liberty 

As the British court wrapped up its fake judicial process in the deliberation of the U.S. extradition request for the persecuted and tortured journalist, Julian Assange, Western democracy shows its final decline. This irreparable system continues to suck people into an electoral arena trying to keep them under its control. While many engage in protest or petitioning, busying themselves with cheering on their favorite candidates in political contests, Bitcoin provides a formidable tool for dissent, allowing people to simply opt out altogether from this corrupted system. 

The bureaucratic system of the modern nation-state, administered by central banks, magistrates, presidents and prime ministers, has alienated us from the harmonious state of the world we belong to, depriving us of our innate rights and liberties. Now, imagination from computer science inspires us to rediscover intrinsic value within ourselves — the wisdom of nature that governs our behavior and our rights to express ourselves freely and create our own life.  

We, Bitcoiners, are all dissidents in the Old World of trusted third parties. We defy the rules of empire states in order to trust our ability to become our own authority. Laws of nature that are higher than man-made laws, being enforced by mathematics, have begun to reorganize a society. The frictionless flow of bitcoin allows us to diverge from the mainstream of national currency that keeps us in a debt spiral; it allows us to transcend borders and bypass checkpoints. Voluntary association formed through this free speech money is creating a new economy, fueling innovations and opportunities for jobs. 

Every 10 minutes, the heart of Bitcoin beats, setting computers around the world in motion. From developers to miners and users running full nodes that relay and validate transactions, together, all engage in computing as an act of civil disobedience, keeping the network decentralized. As we collectively dissent, the wealth of the network rises, securing equality and liberty as unalienable universal rights for all people.

This is an op ed contribution by Nozomi Hayase. Views expressed are her own and do not necessarily reflect those of Bitcoin Magazine or BTC Inc.

The post Bitcoin Is the Technology of Dissent That Secures Individual Liberties appeared first on Bitcoin Magazine.

Source: Bitcoin magazine