The importance of Bitcoin

Something has been nagging me for a long time. And since you are reading this, i assume it is nagging you too. Why do we have wars, poverty, and pollution? Why cannot we stop the train humanity is in for so many years ? What is wrong?

Over the years i have been thinking about this and learning how the world really works. And the sad truth seems to be, the world is run by bullies. The people who can pay the best lawyers are the richest, not the other way around like it should be. At some point it dawned that the problem is largely in the currency system itself, it enables leeches to suck the blood out the economic system, where the useful organs have to do it with less all the time. One solution could be to create an energy-backed unit, say the 'kilowatt-dollar' where 1 unit is backed by 1 kilowatt of work. It would be impractical though to carry batteries in our wallets.

And then, while i was in occupy wall street protesting, i heard about bitcoin. It took a while before i really understood it, i forced myself to read everything about it although in 2011 it was still hard to find good explanations of this mysterious thing. But when i finally understood, it became clear that this is truly the new currency we need as humanity for our next step. There are several big technological changes coming together soon.

At first, we have the automation of everything. Robots and algorithms will do our jobs in the very near future. Technological unemployment will become the norm, and people need to find a different way to get to their basic needs if there are no jobs anymore. At the moment that the CEO of a company closes the door to make room for yet another automated system, we know that the machines took over completely.
Is this bad? not necessarily, because humans should not be slave to their wages. Also, products that are made by machines, tend to become almost free. We have the opportunity in this era to make machines that bake bread for everybody, for free. i imagine someone dreamed this up already thousands of years ago, but somehow we did not reach the mindset of sharing our technology for the greater good. With micropayments, and machines owning bitcoin wallets, i think we get a big step closer to that now.

Second, we are nearing the 'diamond age' which is a term that means that we will make things that are as strong as diamond. Carbon nanotubes are the prime material of this era. Now if there is a scarce currency, people very well want to buy stuff with it that lasts forever , because when you spend your precious bitcoin, you traded it for something that better lasts for many years.

Third, we are nearing the era of ubiquitous communication for everyone. Communication will be just as common as oxygen. Unlike water, which can be dammed from certain populations, air cannot be stopped even by the most repressive regime.

Bitcoin is the material that binds all these different events together. The world will be forced to shed with the old paradigms, and step into the new era of abundance. Once we have learned that breaking the possessions of our neighbor does not work anymore as means to gain more for ourselves, and once we have learned that the best security cannot be forced by repressing others, but to open the door and trade with them in an honest and respectful way, then we as humanity will be propelled in a very fast transition to a world we could never dream of. There will be problems, there will be bumps in the road forward. But at least we have found the road and are walking it. I am proud to be part of that journey.