Post
Topic
Board Bitcoin Discussion
Re: What is the 'purpose' and 'nature' of Bitcoin? Some questions.
by
HugoStone
on 21/11/2016, 19:14:02 UTC
The purpose of Bitcoin is to upset or turn banking upside down.
A neutral entity that does not believe in right or wrong in order to evade the effects of karma.
It could free the world or enslave the world because it does not care.
It only desires that the mere idea infests as many hosts as it possibly can.
Then and only then can it be idolized so that it may rule over all.
Any other questions?

It's interesting that you refer to it in religious terms re: "Then and only then can it be idolized so that it may rule over all." I take your comment with a pinch of salt, but you're not the first to portray it like this. A few days ago, someone told me that he would refuse to do anything that "violated the sanctity of the global ledger", as if the global ledger is a virgin goddess who sits in a temple and must be worshipped from afar.

I'm not religious, but many translations of the bible interpret 'sin' as 'debt', i.e. "And forgive us our debts, as we also have forgiven our debtors." - see Matthew 6:12

Bankers don't like to talk about 'debt forgiveness'. Some of them even think it's 'immoral'.

"A neutral entity that does not believe in right or wrong in order to evade the effects of karma."

Think about what a financial transaction amounts to. You walk into a shop, are 'charged' as a debtor, found 'guilty' by default, and ordered to hand over a token symbol of your 'guilt' to 'pay off' your debt. It's ridiculous though, because the token symbols we use are promises to pay (actual and digital promissory notes) that can only be converted into other promises to pay. OK, you can exchange a promise to pay for goods and services, but that just repeats the above cycle. You can only convert a £5 note into another £5 note, or other denominations of debt representing the same amount. We are asked to repay debt with debt, which makes the debt meaningless precisely because it can never be repaid. If you think about how modern money is created then it quickly becomes apparent that the debt never existed in the first place - it's just an illusion. It can't be paid back because it was never supposed to be paid back, because it doesn't really exist.

We have literally made an idol of money. All forms of money are just symbols that we attach meaning to. A dollar is just a dollar sign, and a pound is just a pound sign. The virtualisation of money itself makes this even more clear, because we're worshipping a non-existent entity - just the symbol (£/$/BTC etc.) itself.

I say that we should stop pretending that this debt is real and stop perceiving other people as 'debtors'.

Less of this: https://s11.postimg.org/nh2fdckoj/idol_worship.png

More of this: https://s16.postimg.org/dmoql3yed/forgiveness.jpg

If we're going to talk about it in religious terms then I say "There is no god but man."

HS