Greetings,
I was very excited to learn about the Bitcoin currency several months ago, and I am very pleased to see it growing. I am part of an organization called the
Zeitgeist Movement, who advocates a
resource based economy. We are interested in seeing a radical redesign of society and an associated shift in values. We understand that the major cause of human suffering today is the current monetary system and the warped values and corrupt behavior inherent in its implementation. We know that we can provide food, water, shelter and a highly technological life style to every one on the planet if we chose to do so. What generally prevents us from doing so is the idea of money, which paralyzes us as a society, in terms of technological advancement, quality of education and healthcare, and a sick culture that encourages us to be competitive and cruel to our fellow human beings.
Knowing and understanding the underlying mechanics of a monetary system is fundamental to not being abused by it. Currently, the vast majority of people are unaware of the destructive and unfair nature of our current fractional reserve banking system, and that makes them vulnerable to all the abuses we see today. Poverty, war, crime and hunger are the result of inequitable economic practices, and will not significantly change until we end or significantly alter our subservience to this and associated institutions. I believe Bitcoin would make for an ideal transition currency until a full RBE can be implemented.
An RBE is basically the realization that there are no arbitrary restrictions on reality. Being bound to the imaginary rules of a monetary game, we limit how much we can accomplish and provide for each other. If we declared all of the earth's resources as common heritage for all the world's people, and used the methods of science to construct and provide all of life's necessities for all people, then there would be considerable reduction in hunger, crime, war and poverty, not to mention unnecessary suffering due to lack of access of medical care or inadequate educational opportunities. If people were given all that were necessary to survive, they could devote themselves to the benefit of all man kind. These would be the values of a resource based economy, not the competitive and acquisitive value based behavior we see today.
I encourage you to
learn more about these ideas if they interest you. I hope to support the bitcoin system as long as I am able, and I hope to see it become a dominant and thriving ecosystem in the months and years to come. Thank you for your time and attention.
A comment to Bitcoin Uncensored Blog.
" A Paradigm Shift ". This is the most suitable definition for what is actually going on in the "global village".
But I have something to say about the fact that Bitcoin is a paradigm itself.
For those who are not familiar with the word Paradigm:
A Paradigm is a pattern or model, and if it is later discarded and a different pattern or
model replaces it, we call this process a paradigm shift. An example of this is
the Ptolemaic system of the universe in which the earth is at the center of the solar
system, which was replaced by the heliocentric system of Copernicus.
Let's make it more simple.
There is something established that we take for granted. We keep on using it every day. By time we realize that there are some anomalies. If we stop thinking and we analyze these anomalies, we would eventually come to the conclusion that what was taken for granted is wrong and that there is a different way of doing.
The actual "shift" happens when the majority of the people agrees on the new way of doing which of course needs to be demonstrated to be true and workable.
It is worth noticing that The Ptolemaic paradigm of the universe was not replaced so much
by the fact that it was wrong but by the fact that anomalies observed eventually caused the entire paradigm to shift to a new one. A new pattern or model.
Therefore, the way financial transactions are carried out today is our Pattern and observations shows that there are anomalies. But this does not means that the old pattern is wrong at all!! It simply means that nowadays (and only nowadays ), transactions can be done in a different and more efficient way. Thus, we have the paradigm shift.
Bitcoin being merely a tool that might implement the shift.
It is my opinion that the shift might occur but not in the near future and that Bitcoin "economy" needs several adjustments before it could become a catalyst in this contest.