The Beginning: Numbers and Banking
The beginning of 2011 would be our year, the year my friends and I made our first Bitcoin investment. We were't just onlookers, we were at heart newborn cryptographers mindful of numbers and sequences.
In the traditions of modern banking, few people and computers verify a transaction (10-20 collaborators). This sequence of verification is now considered highly predictable especially with the billions of phone transactions occurring every minute. Hackers thrive on few verification (by people), and the lack of change (few computers), which begs the question, How safe is your money? To understand this, you have to understand 'How Often Do The Feds Get Hacked?' Read on... https://www.theguardian.com/business/2016/jun/01/federal-reserve-hackings-cybersecurity-espionage
So you see, the banks of today's world are at heavy risks, and this is exactly where Bitcoin shines. Bitcoin distributes all the responsibilities of safeguarding your money unto all the many millions of users and miners within the network, and at the same time, rewards them with coins (if you are a miner) and savings (if you are a user). Unlike the Banks, there are no owners, and, unlike the banks, theBitcoin network does not print more money to cover losses, which ultimately does not undermine the values and lessons we learn from losses.
However, with new hybrids of other cyrptocurrencies, XRP in particular, new banking practices are now offered for those whom prefer the digital protection of this era combined with traditional "insurance" policies.
Enough on that geeky, cryptographic & philosophical wave. Now exactly how did THC benefit?
Understanding the basis of cryptography led us on a small crusade across Orange County, California, preaching and enchanting the gospel of crypto-currency to family and friends. "YO GUYS, EVER HEARD OF BITCOINS?" -- the talk usually starts. Back then, outside of the Darknet realm, no one speaks of BITCOINS. Whilst in contrast, the Darknet (members of privacy respecting misfits) rapidly grows in their proficiency with this novel currency; mining, trading, proving the coins elasticity, and usability, each and every day. We promise to get more into the details of our minings effort later, but let's continue on with why Bitcoin is thriving.
To further appreciate bitcoin, understand what 'money' is, its history, role in world economies, and most significantly, how we've become a money-centric society.
Banking with the Rothchilds
For most, money is a piece of paper we were all born into. People use it all over the world. "But... But what came before money," you ask.? Bartering: services, gold, food and other commodities made up every day transactions. That doesn't happen nearly as much anymore.
Now, when we gave up bartering, something had to change. It wasn't until 1798, that german banker, Baron Rothschild, invented a mean of consolidating all hard goods, and the need for bartering, into paper goods, and calling them Bank Notes -- otherwise known as 'money.' Bank notes and checks are virtually the same tool, except that checks carry a heap load more security. Bank Notes eventually became widely known as money to the non-banking world, and that became the 'slang' we have adopted in modern day America.
To Rothchild's credit, the idea of bank notes was considered revolutionary -- to some, it was planned monopoly. No matter the argument as I'm sure the good goes with the evil, MONEY came and took over like the Sun's light stretching its rays upon arrival. But just like the sun, cycling in and out, before our eyes, money will eventually find its end.
Storage of precious metals was simply too risky and cumbersome. On the flip side, it was likely trendy and sophisticated to deal in paper money vs carrying around loads of metals.
For money to take off, it needs backing. And that's where Baron's political ties helped. (Skipping the boring facts) Fast forward 200 years, bank notes continue to dominate the world's trade affairs, even long after, Rothchild, its creator past away.
Empires in Cycles
Does bartering exist today? For small transactions, yes. However, if a transaction exceeds certain dollar amount -- depending on the city, state, or country -- then bartering is considered illegal.
How does bartering tie into the growth of Bitcoins?
When you strip society of freedom, that freedom will find itself on path to an area of least resistance, where it spend times, and eventually make its way back. Our American society stripped American's economy of its ability to barter, which is largely why any device that gets introduced into our economy with the promise to deliver a bartering type trust, will succeed. This is the laws of cycles working at its best.
Why is bartering important? Bartering implies less traceability, limited to zero governance, meaning, you can trade with your neighbors, friends, strangers without the need of bank notes, which essentially disempower the banks and the government whom maintain them.
Bartering, as old as the concept implies, is a choice by those seeking an alternative lifestyle -- for those whom prefer to take back the power gained by the banks, and distribute them among non-bankers.
Protecting Your Own Wealth
With the advent of Bitcoins, alongside the growing digital age, the need for physical banks to store gold, cash, and etc... diminishes. And as you read this, the echoes of "tangible investments" no longer is sound advice. The roles of banks continue to diminish giving way to its cyclical heir apparent -- the digital coin.
Everything has a cycle (analog, digital, simplicity, complexity, life and death), and thus is why we say that every rise of a civilization is eventually met by its inevitable fall. The greater is the rise typically is matched by a greater commensurable fall.
The Roots: The Majoring Underground
At a restaurant, an inferior service typically warrants negative reviews — a complaint of sort — that 'feedbacks' as one vote. In the same sense, when citizens are dissatisfied with banking mismanagement, they reserve the right to vote down banks, and they do so by choosing an alternative currency. Thus, using Bitcoin is widely considered a down-vote to the banking empire.
Furthermore, the printing and safeguarding of money used to be primary tasks banks, and hence the large exorbitant profits; with bitcoins, the printing work gets done by anyone willing to load a 'phone app' equivalent, purchase and maintain specifically built equipment for the 'app' -- the reward is handsomely distributed among them.
When you put your heart, soul, guts, and hardship into the mining process, you will endure satisfaction; and so long as Bitcoins are being used and perfected in 'Darknet' terms, there is no end to how far Cryptocurrency can go.
Remember, when you suppress anything, be it feelings, ideas or thoughts, or people's natural tendency to be different, expect that energy to find a path of least resistance rather than believing it will go away. That's to say that those unorthodox not accepted in the orthodox society will eventually rise above those whom follow the orthodox tradition.
Bob Dylan teaches us in his song 'The Times They Are A Changin' that "what is first place now will be last place later." Maybe Dylan was right, and the way the world works has everything to do with cycles. Oddly, we were hardly taught these virtues in the teachings we grew up with -- which is why those whom learn cycles now appreciate 'em all the more.
The world finally tuned in.
I was never fond of the All-American “if it ain't broken, then don’t fix it” mentality and can’t help but feel its effects. For your average citizen, paper money is still a viable currency, however, for those concern of our inflationary bubble, Bitcoin has taken on the pre-emptive role. Today, cryptocurrency has a combined estimated market value of $100 billion, so whether you want to or not, you can no longer ignore bitcoins, nor the young investor who was ridiculed for mere mentioning of Bitcoins. And today, a $2.40 BTC coin invested 6 years ago is now worth $2,400 per coin.
Well, we are extremely glad we made that investment 6 years ago, and are still holding on to most of our investments. Additionally, we believe that with all the features inherent to the coin, mainly the instantaneous global transfer with little to no fees, there is absolutely no reason not to use the coin: And thus is why we highly recommend those looking to be a part of this digital revolution to join this wave in ushering in this powerful 7 year old currency.
Remember, with every use of bitcoins, the powers of the banks shifts from them and into the hands of everyday citizens; You and I. What are you waiting for? Do it today at one of the major cryptocurrency market places: Bitstamp.net , Blockchain.info, poloniex.com, btc-e.com, coinbase.com; Feel free to message us with any questions an we'll gladly help as much as we can.
Well, that's it for now. Oh, not to forget, here's a video we were introduced to 7 years ago when bitcoins first hit the scenes. Check it out below, and enjoy! Cheers.
Please ask questions below. You should ask, really!