Dear Bitcoinbros,

I would like to propose a solution to a potential vulnerability in the Bitcoin network, particularly during times of global catastrophes or significant disruptions in hash rate.

Imagine a scenario where a sudden and prolonged decrease in hash rate occurs due to a global catastrophe, such as widespread infrastructure and or hardware damage (f.e. because of an atomic war, an unforeseen solar storm, etc). In such cases, it could take many months or even years to rebuild and restore the hardware necessary to reach previous hash rate levels. During this time, the network could essentially become unusable, as no blocks would be found until hash rate levels return to normal.

To address this issue, I suggest implementing an automatic difficulty adjustment mechanism as a contingency measure. If no valid block is found within a certain timeframe (e.g., 48 hours), indicating a significant drop in hash rate due to unforeseen circumstances, the network would automatically adjust the difficulty level to a more suitable level as it would after 2016 blocks anyway.

As a non-coder of course I have no idea how to implement that technically but such emergency adjustment would enable miners theoretically to continue finding blocks at a reasonable rate, even during periods of low hash rate caused by sudden global disruptions - it would make Bitcoin really doomsday resistent!

By proactively addressing this potential vulnerability, we can ensure the stability and continuity of the Bitcoin network, even in the face of unprecedented challenges. This proposal would require thorough discussion within the Bitcoin community - but of course it is also possible that I am simply making an embarassing mistake and that the problem described has long since been solved, even for worst-case scenarios.

Dear Coders,

I would like to offer a one-time reward of 0.1 Bitcoin to the first person in this thread to name a valid prime number that does NOT lie on one of the 8 axes of the Plichta "Prime Number Cross" (except of course the number 2 and 3 as the only known exception, see graphic and further information below). In this way, Plichta's revolutionary discovery shall finally find its way into cryptography.

As far as I know, there has never been found a prime number outside this cross structure and accordingly revolutionary would be the effects on modern encryption methods like RSA, ECC or Hash.

The problem: I myself have no programming background and don't know how such a proof could be presented transparently for laymen (if at all possible). Is some kind of swarm intelligence perhaps a solution here?  

Surely a piece of code would have to be written to check any number for its position on one of the 8 axes. For this attempt, the AI gave me out:
"The exact formula for determining the axis of any number in the prime cross is complex and requires deeper mathematical analysis. There is no simple mathematical function that directly calculates this assignment. It is more of a geometric and combinatorial problem."

Infographics:

https://i.ibb.co/MSQrg69/plichta-prim-number-cross-english-by-maeckes.jpg
https://www.plichta.de/plichta/images/plichta/a_raum_und_zeit_01.gif
Animated graphic

More info in english about Peter Plichtas Prime Number Cross:

• https://www.maeckes.nl/Getallencirkel%20(kruis)%20GB.html (very short text, first graphics from here; "Only the prime number 3 does not meet the form 6n ± 1")
• https://nazm-quran.blogspot.com/2019/03/the-primary-council-of-dr-peter-plichta.html (short text)
• https://perceivebelieve.tumblr.com/post/140029085031/peter-plichta-prime-number-cross-wheel-of-24 (long text)
• Peter Plichta's book in english: "God's Secret Formula: Deciphering the Riddle of the Universe and the Prime Number Code" (1997)

Maybe they use better techniques for hunting primes? 

Dear Bitcoiners,

I would like to present to you a fascinating hypothetical idea related to prime number theory and its application in cryptography. It involves the concept of the so-called "Prime Cross," developed by German chemist Peter Plichta*.

The basic idea behind the Prime Cross, as I understand it as a layperson, is the notion of a spiral arrangement of the number sequence based on 24 vectors/segments. By highlighting the prime numbers within this arrangement, a pattern similar to the Templar Cross is formed.

>> Out of a total of 24 vectors, only 8 vectors can contain prime numbers! (while the other 16 vectors fundamentally exclude prime numbers)

If we further explore this assumption, wouldn't it mean that 66% of all numbers could be excluded as potential prime numbers from the outset? This would be a tremendous breakthrough in prime number computation and could potentially have revolutionary implications for cryptography, comparable to the RSA breakthrough mentioned by AI, at least.

Imagine how efficient and fast prime number computation would be if we didn't even have to consider the majority of numbers ("RSA PrimeX"-Algo). Cryptographic techniques relying on the difficulty of factoring large numbers into their prime factors could significantly benefit from such increased efficiency. To the best of my knowledge, no number (except for 2 and 3, as shown in the graph) has been discovered outside these 8 sequences that is prime.

I myself have no programming skills, so I wouldn't know how to apply Plichta's idea in this field or the actual depth of its impact. However, the AI mentioned that this approach would be much more efficient compared to the conventional methods if it indeed works. That is why I am presenting it here for discussion, with a catchy title ; )

Important infographics:

https://i.ibb.co/MSQrg69/plichta-prim-number-cross-english-by-maeckes.jpg

https://www.plichta.de/plichta/images/plichta/a_raum_und_zeit_01.gif

great animated graphic

---

* more info in english:

• https://www.maeckes.nl/Getallencirkel%20(kruis)%20GB.html (very short, first graphics from here)
• https://nazm-quran.blogspot.com/2019/03/the-primary-council-of-dr-peter-plichta.html (short)
• https://perceivebelieve.tumblr.com/post/140029085031/peter-plichta-prime-number-cross-wheel-of-24 (long)
• Peter Plichta's book in english: "God's Secret Formula: Deciphering the Riddle of the Universe and the Prime Number Code" (1997)

@mods: Could you may move this topic to "Serious discussion"? I couldn't do this as non-junior. Thank you!

Und, nochmal konzentriert reingelesen?

Spannend finde ich den simplen Ansatz zur Lösung des sog. Klassischen Wertparadoxon der Ökonomie:  https://de.m.wikipedia.org/wiki/Klassisches_Wertparadoxon

Oder auch den Aspekt der erweiterten Energieumwandlung, wonach beim Mining keine Energie verschwendet wird, sondern es letztlich zu einer Konvertierung komme von elektrischer Energie in emotionale Energie, die wir Vertrauen nennen (in und auf dem ja JEDES Geld gründet).

Dieser lediglich auf Unkenntnis basierende Vorwurf der "Energieverschwendung" hält sich leider äußerst hartnäckig und scheint das Hauptargument (inkl. Co2 Abdruck) für ein Verbot zu werden.

Schlimm, auf Twitter unter dem verbrecherischen Fiatgeldsystem ächzende Menschen dieses Verbot einfordern zu lesen, während parallel ihre Sparguthaben dahin schmelzen und sie auch auf die xte Lüge des Establishments hereinfallen werden, weshalb die alsbald völlig eskalierende Finanzsystemkrise keine systemische Ursache hat, sondern Sündenbock Corona und Putin Schuld seien.

Ihr wisst doch, dass sie damit wieder durchkommen werden und der brave Bürger die neuen CBDC-Willkommenscoins freudig in Empfang nimmt  😔

Dear rabbitho(d)lers and other intellectual gifted,

I wrote this essay originally in german for Twitter but a friend translated it into english now. It clears up most Bitcoin misconceptions and offers new perspectives to Maxis as well.

Can you go with that logic? Does Bitcoin have the potential to free humankind not only in an economic but also in a spiritual way?

People (especially like Peter Schiff;)) are being told by this text
- why Bitcoin has an enormously high intrinsic value ✅
- what money really is and why you dont have to have a "touchable" thing for good money ✅
- why Bitcoin mining is no waste of energy but a conversion from electrical to emotional energy✅
- how Bitcoin can set us free on so many levels and lead to higher consciouness, maybe even world peace ✅

Let's start and then give me your thoughts please

On the origin & meaning of the "value" of money and what the "intrinsic value" of #Bitcoin is (Part 1).

Could Bitcoin even be understood as a digital social contract that converts human quantitative greed into qualitative need? (Part 2)

Let's focus on the impossible attempt to describe Bitcoin in just one sentence first and from there explore its depth in terms of its true value (Part 1) and his potential for the future (Part 2).

Well, with Bitcoin, all participants acting as pseudonyms have agreed on a verifiable quantity-limited monetary system which, through decentrally organized open-source computer technology, produces a strongly value-storing medium of exchange with the highest possible degree of technical security against third-party access and manipulation in our current epoch.

This always up-to-date security is guaranteed, among other things, by the openly visible source code, the decentralized network architecture and the revolutionary "proof-of-work" algorithm. Without getting too lost in technical details:

The maximum number of circulating #Bitcoins is also fixed in a technically unchangeable way, just like the creation of new ones: defined to a maximum of 21 million pieces, where the last of it will be found in the year 2140. Until then, the amount of newly generated Bitcoins halves mathematically every 4 years (the so-called "halving"). Everyone can participate in the search for these Bitcoins by using technical devices with Internet access ("mining hardware").

What does that mean?

Well, with this, the Bitcoin ecosystem allows us an unprecedented predictability and functionality as the basis for a completely new kind of monetary system:

Where before long times ago a king or currently the central bank could manipulate the money supply or quality (e.g. the gold content of a coin or currently the inflationary ECB printing) at will, stop transactions (even block accounts) and ruin the savers ("the small man") in historical regularity, by means of #Bitcoin human trust necessity and monetary uncertainty is now replaced by mathematics and technology!

From the investor's point of view Bitcoin itself becomes automatically rarer and rarer with time and is thus pretty much exactly the opposite of our current fiat money system, which constantly devalues itself through uncontrolled money printing and must ultimately end up (hyper)inflationary - at the expense of the working population.

Therefore, isn't it wonderful to have such a free, fair and transparent as well as democratic money system with Bitcoin, in which every person can participate without government permission and the fear of confiscability of his property? It is the first time in history that this is the case!

Who claims that nobody needs something like #Bitcoin, claims likewise that we have a basically working money system, which can be trusted functionally and personally and which must therefore remain alternative-free.

Naive nonsense, of course, which historical evidence at any period of history disproves. But as long as man believes to have to lock his front door (because he cannot trust his fellow men), he also needs a monetary system detached from trust! #Bitcoin fixes this! 😎

In order to make further deductions, some philosophical principles must be discussed below. For instance, the question why Bitcoin has a value at all, yes, what it even means that and why we call something "valuable". Otherwise, the genius of Bitcoin will not become clear.

For this purpose, let's start with the question of the superficial (not individual) meaning of life, since everything is built on this. Don't worry, this can be expressed in a surprisingly simple way for all sentient beings in one sentence: namely, the pursuit of well-being or the avoidance of suffering.

Ad hoc proof: Would you have read this far if the text would cause you a lot of discomfort or would not promise you any additional gain? And if you don't stick it out to the end, it's mainly because the budding discomfort outweighs the expected (feel-good) gain.

One makes oneself therefore mindfully aware: Every decision of your life depends in the end on whether and how much well-being and/or suffering avoidance you expect for yourself and/or others from something!

In reality, this only seemingly banal aspect of the human existence is of essential importance and explains (almost) everything. So let's call it "well-being axiom".

This knowledge means that all our actions are ultimately based on faith and hope, namely that of attaining and maintaining as much well-being as possible - for which, however, there is never a guarantee, but only maximum high or low probabilities. Many believe to know, but do not know that they only believe.

So,based on that - what is money now?

From an objective point of view, money is the believed chance (subjectively always a felt knowledge) of the convertibility at any time of a certain (assumed value-storing) good into a certain form of well-being (for instance in form of services, goods or other possessions).

Such a medium of exchange and value storage is necessary in order to be able to prosper from the sweet fruits of one's labor as loss-free as possible, even in the distant future.

If, for example, a medieval farmer reaps a rich harvest, he cannot permanently store surplus grain for bad years without it spoiling. Therefore, he needs a medium to store the work he has done but is not currently using himself, and to be able to retrieve it at any time with as little loss as possible.

The medial tool for this we call money and its best representative is (through Bitcoin maybe "was"? ) historically pure gold. If our farmer achieves enough harvest surplus to correspond to the value of a gold coin, he will probably choose it.

But what is the basis of the attributed "value" of such means of exchange and stores of value, here clearly defined as gold?

In the end it is based only in the belief. And with it the trust (/confidence/faith) to get still something at least as much well-being producing for his performed work stored in this or that medium of exchange also in the future!

Briefly: The higher the (always individually considered) chance of well-being through a scarce good, the higher its "value" is assessed - that is why water is so cheap, although it is essential for the well-being of everyone, and why the million dollar Picasso is so expensive, although it isn't essential for the well-being of hardly anyone! This also plausibly clarifies the "classical value paradox" that has always preoccupied economics, in that this consideration clarifies John Law's 300-year-old approach to it (also called the "water-diamond paradox" - i.e. the fact that water, which is essential for life, is usually dirt cheap, but a diamond, which is not essential for life, comes across as pricelessly expensive for many; cf. Wikipedia).

So the medieval farmer converts his surplus, let's say 50kg of grain, into a corresponding gold coin. But he does this only because he "knows" (in truth, he only believes and hopes) that he will also get about 50kg of grain or its equivalent for this gold coin in 10 or 20 years.

He decides in favor of the store of value which, in his opinion, guarantees the most well-being and has the highest probability of retaining its value (or the lowest probability of losing value), which was generally known at the time: the purest gold.

It is therefore not primarily the labor-intensive won material and its rarity per se which should/could/must lead for example with gold automatically to a value - rather it is the confidence attributed to the gold and proven for millennia! The historically experienced general acceptance as well as scarcity of the gold creates and confirms the confidence and the belief (as felt knowledge) not to occur in excess also in the future and thus to maintain the exchange value.

So the real value is not in the material itself (platinum, for example, is much rarer than gold), but in the positive experience associated with it as a proven medium of exchange and value storage over a long period of time: indestructible trust!

Accordingly, good money does not necessarily require something material in the hand, such as a gold coin, but only the individual certainty of its value.

And nothing monetarily known and proven allows us such an unmanipulable certainty about its current as well as future scarcity and nature as #Bitcoin! Everything, even gold, is theoretically infinite in space - Bitcoin on the other hand mathematically only 21 million (divisible to the smallest) times (the "Sats"), so that we have a new monetary certainty, which can replace previous monetary confidence!

The necessary residual trust (worldliness is never completely without it) is technically diversified decentrally into the solar system (see @Blockstream satellites), so that this monetary system would probably tend to survive even the demise of the planet on which it once saw the light of day. Yes, #Bitcoin is that powerful 😍!

The typical gold coin thus corresponds to the old type of tangible materialized trust, while Bitcoin institutionalizes digital trust, i.e. brings it into a socially recognized form - namely by the fact that the forces leading to trust of a proven medium of exchange and value storage (such as scarcity, divisibility, forgery resistance, low storage & transport costs, etc.) are programmed into #Bitcoin genuinely, i.e. innately!

So the "fundamental value" of Bitcoin is huge intrinsic trust, which no payment instrument has ever given us before! *mindblowsound

What more stable long-term foundation of a monetary economy can there be for a society still seeking its salvation in materialism?

As longer the Bitcoin network works, the more this trust is confirmed and condensed. And with increasing trust, the value dependent on it also increases, possibly becoming the global currency standard against which everything must be assessed.

Consequently, no energy is wasted during Bitcoin mining, but a conversion takes place. This conversion consists of a transformation of electrical energy into emotional energy called trust - which admittedly cannot (yet?) be represented as an extended physical formula, can easily be grasped in the mind by everyone.

{

Actually, one would even go further and define the underlying trinity of the well-being axiom in the form of "hope -> faith -> TRUST" as the social basic currency, by which any economy, also the social interaction, is formed. Man invests and withdraws his respective not unlimited available "Trustcoins" (sort of trustpoints) in ideas, persons, relations, domination relations, objects etc., by which his reality is constituted decisively and he hopes for returns in the form of well-being.

If he experiences these, he continues to trust these persons or edifices of ideas. Great or lasting discomfort in connection with it, on the other hand, leads to an "investment loss" of trust and he withdraws his "trustcoins" from the thing.

Who understands this thought in its depth, could build a completely new, sociological foundation on it. But we do not want to unbalance these ideas now completely.

}

With the support of this theoretical model sketch the success of Bitcoin can be explained and also invalidates the reproach of wasting energy - because the spent energy is the unavoidable price for not being able to trust each other and the resulting necessity of an unmanipulable-transparent as well as calculable-free monetary system!

And this price is even still quite favorable in view of the distortions which the slavish central bank system together with war and debt bondage imposes on mankind - and from which #Bitcoin CAN unchain us, provided that this gift is recognized and accepted and still enough time remains for the reversal!

"ALTRUISM OUT OF SELFISHNESS" - BITCOIN AS A CATALYST FOR SOCIAL TRANSFORMATION? (Begin of part 2)

Be aware, it will now become an even deeper level of thinking:The traditional narrow-mindedness of "Master Clever-Dick" (cf. Jakob Böhme 😍 ) could call it speculative dream danceritis, but I actually see the potential for the following as a real possibility - which as I fear (like so many gifts) will just not accepted by humanity. But it is presented to them.

Because here Bitcoin starts to become really interesting not only for the happiness of the individual, but as an overall economic system also for society as a possible tool towards a more valuable being - away from superficial consumerism towards qualitative awareness!

Bitcoin as a hinge to a post-materialistic, even moneyless society?!

Well, every Bitcoin owner who hodls for years (i.e. does not sell them) makes the experience that his coins increase in exchange value every 4 years after the mentioned halving not only theoretically but also practically.

As a result, however, Bitcoin develops a more actual understanding (awareness) of the things that really seem valuable and worthy of spending with each of these processes.  Frugality, renunciation of consumption and the focus on pure functionality are rewarded noticeably strongly and accordingly developed further quite automatically out of self-interest thinking.

He spends his ever more valuable Sats/Bitcoins increasingly only for what he really needs: formerly superficial-quantitative consumerism transforms itself so self-interest-conditioned into meaningful-qualitative consciousness!  What stroke of genius Nakamotos (the inventor) respectively the good (higher¿?) intention behind it!

Instead of boastful pride, a vehicle is now increasingly purchased under the aspect of true utility - after all, today's Lambo would be tomorrow's fleet!

In this way, man seeks his salvation less and less in the outside and more in the inside and develops a heightened sensitivity for the conditions of sustained well-being.

In the long run, companies are forced to produce long-lasting products of the highest quality that people really need and desire if they want to survive in business.

The decline in product fraud (e.g. planned obsolescence), overproduction and waste of resources is only a logical consequence of this development, as is the increase in environmental protection and clean energy.

People's self-realization would take place less and less on the outside than on the inside; clothing, for example, would at best be acquired for the sake of weather resistance and no longer for the purpose of clowning around as a proud peacock - function would replace dazzle.

In such a deflationary, four-year cyclical Bitcoin economy, the individual as well as society pays extremely close attention to every expenditure and its deeper consequences, thereby developing a more critical awareness of oneself and the broader effects of one's own actions.

Society will finally ask itself existential questions: Do we have to spend our hard-earned money on death and destruction? Or are we not slowly getting tired of militarism?

So, for self-interest alone, Bitcoin pushes people to critical self-reflection and drives them downright into consumer asceticism with the usual ascetic consequences of voluntary renunciation: the development of heightened consciousness and otherworldly well-being!

In this way, Bitcoin actually curbs greed in people and could possibly initiate the transition to a money-free society:

Man would then no longer seek the incentive for creative power in the desire for external wealth, but would find satisfaction and lasting well-being in himself, fulfilled in his innermost being through service to his heart; service to his neighbor. Bitcoin finally proved to him that money does not bring lasting happiness and that only the prospect of never again suffering a lack of the now few basic worldly needs is sufficient. 

Bitcoin could therefore also be understood as a digital social contract that at least offers us the possibility of transforming human quantitative greed into qualitative here - an "altruism out of egoism" that is, as it were, forced by framework conditions.

In this model of thought, Bitcoin thus functions as a socially positive transformation tool, not as a civilizational terminus.

At the same time, its economics is still designed to reward even those who recognize the flaws of the current monetary system, draw the long-term consequence early, and knowingly ride out the initial volatility. So Bitcoin is also a reward for studying substantial systemic criticism - the earlier the recognition, the higher the reward!

And no matter how educated or enlightened you think you are: Bitcoin studies always teach you humility through its extreme inter- as well as transdisciplinary information complexity (in it, strands of economics, computer science, philosophy, game theory and the like converge in an almost unmanageable multi-aspect way)!

Thus, I do not yet know of a solution to the problem of having to re-trust the honesty of the private key administrators in the case of Bitcoins held by the public sector. So is free money only functional as a private currency, thus enabling the transition to a stateless, personal responsibility-based, possibly anarchistic, form of society? (Keyword private-city Bitcoin citadels).

And if all these considerations are still so wrong, one could at least train in the Bitcoin mind gym. ;-)

END

PS: I have kept everything theistic-spiritual in the main text intentionally small. However, whoever has the endurance and capacity to have read this far and to have understood the basics, can be expected to read this concluding part.

For me, Bitcoin actually represents a gift from God, with which humanity receives the tool to successively overcome its mammonid slavery - worldly greed could be healthily throttled through Bitcoin.

Because the gift in Christ has usually rejected the human child, therefore the Father now offers us this (perhaps very last) way, without radical repentance and conversion to give up our old vice life, driven by greed and intemperance, little by little and to recognize the higher, truly pleasant reality in and behind the being, to accept and to transcend into the own everyday life - God's plan B as last great gift to mankind? May we know to appreciate it collectively _()_

PPS: All honor is due to Him, the lord himself, I am only His tool and writing servant, as my modest energy give it. Who would like to be grateful about this writing, should therefore go to the Lord and not to his servant!

(first published on my johannesx.substack.com but there are issues now about "Flagged as Potential Violation" of their guidelines  )

(Weshalb) Hast du keinen Argumentationsreichtum?

Werte Rabbitho(d)ler,

Ich tue mich noch schwer mit einem endgültigen Titel, verzeiht bitte das Wortspiel und achtet auf das f statt v Ein anderer Arbeitstitel wäre "Mit Bitcoin zu Weltfrieden und spiritueller Läuterung? 🕊️
Worin sein intrinsisch hoher Wert besteht und was Geld wirklich ist - ein wirtschaftsphilosophisches Gedankenabenteuer für 'deepe Rabbitho(d)ler' und andere Geistesathleten"

 Inhalt:

✅ Was gutes Geld und seinen Wert wirklich ausmacht
 
✅ Warum es widererwartend "nichts zum Anfassen" für gutes Geld benötigt

✅ Worin der intrinsisch (ihm innewohnende) hohe Wert von Bitcoin besteht

✅ Weshalb Bitcoin aus Eigennutz in die Selbstlosigkeit treibt ("Altruismus aus Egoismus") und deshalb eine hochspirituelle Komponente besitzt, gar zum (staatenlos anarchistischen) Weltfrieden führen kann

✅ Wieso wohl kaum ein Mensch das volle Potential von Bitcoin erfassen kann und deshalb noch von vielen unverstanden bleibt (selbst innerhalb sonst systemkritischer Kreise)

✅ Wie sich das klassische Wertparadoxon der Ökonomie auflösen lässt (warum also das überlebenswichtige Wasser so günstig ist und scheinnutzlose  Diamanten so teuer)

Vorbemerkung: Dieser Text (v1.2.2) wurde ursprünglich für den Kurznachrichtendienst Twitter (280 Zeichen je Posting) verfasst, deshalb die ungewöhnliche Formatierung.

Los geht’s:

Zur Herkunft & Bedeutung des "Wertes" von Geld und worin der "intrinsic value" von #Bitcoin besteht (Teil 1)

Ließe sich Bitcoin gar als digitaler Gesellschaftsvertrag verstehen, der die quantitative Gier des Menschen in qualitative Bewusstheit konvertiert? (Teil 2)

Beginnen wir mit dem unmöglichen Versuch, Bitcoin in nur einem Satz darzustellen und ergründen von dort ausgehend dessen Tiefe hinsichtlich seines wa(h)ren Wertes (Teil 1) und Zukunftspotentials (Teil 2).

Nun, bei Bitcoin haben sich alle Teilnehmer als Pseudonym agierend auf ein nachprüfbar mengenlimitiertes Geldsystem geeinigt, das durch dezentral organisierte Open-Source-Computertechnologie ein stark wertspeicherndes Tauschmittel mit dem jeweils epochenmöglichen Höchstmaß an technischer Sicherheit vor Fremdzugriff und Manipulation hervorbringt.

Diese stets zeitgemäße Sicherheit wird u.a. durch den offen einsehbaren Quellcode, die dezentrale Netzwerk-Architektur sowie den revolutionären "Proof-of-Work"-Algorithmus gewährleistet. Ohne sich zu sehr in technischen Details zu verlieren:

Die maximale Anzahl zirkulierender #Bitcoins ist gleichfalls wie die Erzeugung neuer technisch unveränderbar festgelegt: auf nämlich maximal 21 Millionen Stück, von denen die letzten im Jahre 2140 gefunden werden. Bis dahin halbiert sich mathematisch festgelegt alle 4 Jahre (das sog. „Halving“) die Menge an neu erzeugten Bitcoins, an deren Suche sich ein jeder durch technische Geräte mit Internetzugang beteiligen kann ("Mining-Hardware").

Was bedeutet das?

Nun, damit ermöglicht uns das Bitcoinökosystem eine nie zuvor gekannte Berechenbarkeit und Funktionalität als Grundlage für ein völlig neuartiges Geldsystem:

Wo zuvor ein König oder die Zentralbank nach (Un-)Belieben die Geldmenge oder -qualität (zB den Goldgehalt einer Münze oder aktuell das inflationäre EZB-Gedrucke) manipulieren, Transaktionen unterbinden (sogar Konten sperren) und die Sparermasse ("den kleinen Mann") in historischer Regelmäßigkeit ruinieren konnte, wird mittels #Bitcoin menschliches Vertrauenmüssen und geldpolitische Unsicherheit durch Mathematik und Technologie ersetzt!

Bitcoin legt sich aus Investorensicht von selbst an, wird automatisch immer seltener mit der Zeit und ist damit so ziemlich genau das Gegenteil unseres gegenwärtigen Fiat-Geldsystems, das sich durch unkontrolliertes Gelddrucken ständig selbst entwertet und letztlich (hyper)inflationär enden muss – auf dem Rücken der arbeitenden Bevölkerung.

Ist es daher nicht wunderbar, mit Bitcoin ein dergestalt freies, faires und transparentes wie demokratisches Geldsystem zu haben, an dem sich ein jeder Mensch ohne staatliche Erlaubnis und der Angst vor willkürlicher Konfiszierbarkeit seines hart erarbeiteten Eigentums beteiligen kann? Es ist dies das erste Mal in der Geschichte der Fall!

Wer behauptet, niemand brauche so etwas wie #Bitcoin, der behauptet gleichfalls, wir hätten ein im Grundsatz funktionierendes Geldsystem, dem man funktionell und personell vertrauen könne und das deshalb alternativfrei bleiben müsse.

Natürlich naiver Nonsense, den ein Blick in jede Geschichtsepoche widerlegt. Solange der Mensch also glaubt, seine Haustür abschließen zu müssen (weil er seinen Mitmenschen nicht vertrauen kann), solange benötigt er auch ein vom Vertrauen losgelöstes Geldsystem! #Bitcoin fixes this! 😎

Um hierzu weiterführende Ableitungen vorzunehmen, müssen folgend (m)einige philosophische Grundsätzlichkeiten erörtert werden. Etwa die Frage, weshalb Bitcoin überhaupt einen Wert besitzt, ja, was es überhaupt bedeutet, dass und warum wir etwas als "wertvoll" bezeichnen. Sonst wird das Geniehafte an Bitcoin nicht deutlich.

Beginnen wir dazu mit der Frage nach dem vordergründigen (nicht individuellen) Sinn des Lebens, da hierauf alles aufbaut. Keine Bange, dieser lässt sich erstaunlich einfach für alle fühlenden Wesen gleichermaßen in einem Satz ausdrücken: nämlich das Streben nach Wohlbefinden respektive die Vermeidung von Leiden.

Ad-hoc-Beweis: Hättest du bis hierhin gelesen, wenn dir der Text arg viel Unbehagen bereiten würde oder dir so gar keinen Hinzugewinn verspräche?  Und schaffst du es nicht zum Ende, so doch in erster Linie nur, weil das aufkeimende Unwohlsein den zu erwartenden (Wohlbefindlichkeits)Gewinn übersteigt.

Man mache sich also selbstachtsam bewusst: Jegliche Entscheidung eures Lebens hängt letztlich davon ab, ob und wieviel Wohlbefinden bzw. Leidvermeidung ihr euch und/oder anderen von einer Sache versprecht!

Dieser nur scheinbar banale Aspekt des menschlichen Daseins ist in Wahrheit von essentieller Bedeutung und erklärt sehr vieles wenn nicht alles, nennen wir ihn "Wohlbefindlichkeitsaxiom".

Diese (er)Kenntnis bedeutet, dass all unser Handeln letztlich auf Glauben und Hoffnung basiert, nämlich jener nach Erlangung und Erhalt von möglichst viel Wohlbefinden – wofür es ja aber nie eine Garantie gibt, sondern nur maximal hohe oder niedrige Wahrscheinlichkeiten. Viele glauben zu wissen, doch wissen nicht, dass sie nur glauben.

So. Und was ist demnach dann jetzt Geld?

Geld ist objektiv betrachtet die geglaubte Chance (subjektiv immer ein gefühltes Wissen) an die jederzeitige Konvertierbarkeit eines bestimmten (unterstellt wertspeichernden) Gutes in eine bestimmte Form von Wohlbefinden (etwa in Form von Dienstleistungen und Waren oder anderem Besitztum).

Ein solches Tausch- und Wertspeichermedium ist notwendig, um möglichst verlustfrei den süßen Früchten seiner Arbeit auch in ferner Zukunft noch Wohlbefinden entpressen zu können. 

Wenn bspw ein mittelalterlicher Bauer eine reiche Ernte einfährt, so kann er überschüssiges Korn nicht dauerhaft für schlechte Jahre bevorraten, ohne dass es verdirbt. Deshalb benötigt er ein Medium, um seine erbrachte, doch aktuell nicht selbst gebrauchte Arbeitsleistung zu speichern und jederzeit möglichst verlustfrei abrufen zu können.

Das mediale Werkzeug dafür nennen wir Geld und dessen bester Vertreter ist (durch Bitcoin vielleicht war? ) historisch betrachtet reines Gold. Wenn unser Bauer genügend Ernteüberschuss erzielt, um dem Wert einer Goldmünze zu entsprechen, so wird er sich wohl auch dafür entscheiden.

Worauf aber gründet nun der zugeschriebene "Wert" von solchen Tauschmitteln und Wertspeichern, hier namentlich Gold?

Er liegt letztlich einzig im Glaube und damit Vertrauen begründet, auch in Zukunft noch etwas mindestens gleich viel Wohlbefinden Stiftendes für seine geleistete, in diesem oder jenem Tauschmittel gespeicherte Arbeit zu bekommen!

Kurz: Je höher die (stets individuell erachtete) Chance auf Wohlbefinden durch ein knappes Gut, desto höher wird sein "Wert" bemessen – deshalb ist Wasser auch so tauschwertgünstig, obwohl essentiell fürs Wohlbefinden, und der Fantastilliarden-Picasso so tauschwertteuer, obwohl für kaum jemanden wohlbefindlichkeitsessentiell! Damit klärt sich auch das die Ökonomie seit jeher beschäftigende "klassische Wertparadoxon" plausibel auf, indem diese Überlegung John Laws 300 Jahre alten Ansatz dazu präzisiert (auch "Wasser-Diamanten-Paradoxon" genannt – also der Umstand, dass das lebenswichtige Wasser zumeist spottbillig ist, ein lebensunwichtiger Diamant für viele aber unbezahlbar teuer daherkommt; vgl Wikipedia)

Der mittelalterliche Bauer konvertiert also seinen Überschuss, sagen wir 50kg Getreide, in eine entsprechende Goldmünze. Das tut er aber nur, weil er "weiß" (in Wahrheit glaubt und hofft er nur), dass er für diese Goldmünze in 10 oder 20 Jahren auch noch ungefähr 50kg Getreide oder ein Äquivalent bekommt.

Er entscheidet sich für den seiner Auffassung nach am meisten Wohlbefinden garantierenden Wertspeicher mit der bis dahin allgemein bekannt höchsten Wahrscheinlichkeit auf Werterhalt (bzw. der niedrigsten Wahrscheinlichkeit auf Wertverlust): dem möglichst reinen Golde.

Es ist also nicht in erster Linie das arbeitsaufwändig gewonnene Material und seine Seltenheit per se, die etwa bei Gold automatisch zu einem Wert führen (sollten/könnten/müssten) – vielmehr ist es das dem Gold zugeschriebene und sich seit Jahrtausenden bewährende Vertrauen! Die historisch erfahrene allgemeine Akzeptanz sowie Knappheit des Goldes schafft und bestätigt das Vertrauen und den Glauben (als gefühltes Wissen), auch zukünftig nicht im Übermaß aufzutreten und so den Tauschwert beizubehalten.

Nicht im Material an sich steckt also der eigentliche Wert (Platin bspw ist viel seltener als Gold), sondern in der mit ihm assoziierten, positiven Erfahrung als bewährtes Tausch- und Wertspeichermittel über einen längeren Zeitraum: unerschütterlichem Vertrauen!

Man benötigt für gutes Geld demnach nicht zwingend etwas Materielles in der Hand wie eine Goldmünze, sondern es bedarf lediglich der individuellen Gewissheit über dessen Werterhalt.

Und nichts monetär Bekanntes wie Bewährtes ermöglicht uns eine dermaßen unmanipulierbare Gewissheit über seine aktuelle sowie zukünftige Knappheit und Beschaffenheit wie #Bitcoin! Alles, selbst Gold, gibt es theoretisch unendlich viel im All – Bitcoin mathematisch bedingt nur 21 Millionen volle (bis ins kleinste teilbare) Male (den „Sats“), sodass wir damit eine neue monetäre Gewissheit haben, die bisheriges monetäres Vertrauen ersetzen kann!

Das nötige Restvertrauen (ganz ohne geht es in der Weltlichkeit nie zu) wird technisch dezentral bis ins Sonnensystem hinein diversifiziert (siehe @Blockstream Satelliten), sodass dieses Geldsystem wohl tendenziell selbst den Untergang des Planeten überleben würde, auf dem es einst das Licht der Welt erblickte. Ja, so mächtig ist #Bitcoin 😍!

Die klassische Goldmünze entspricht demnach dem alten Typus des handfest materialisierten Vertrauens, während Bitcoin digitales Vertrauen institutionalisiert, es also in eine gesellschaftlich anerkannte Form bringt – indem nämlich die zu Vertrauen führenden Kräfte eines bewährten Tausch- und Wertspeichermittels (etwa Knappheit, Teilbarkeit, Fälschungssicherheit, geringe Lagerungs- & Transportkosten usw.) in #Bitcoin genuin, also von Haus aus, einprogrammiert sind!

Der "fundamental value" von Bitcoin besteht also in riesig intrinsischem Vertrauen, wie es uns nie zuvor ein Zahlungsmittel ermöglicht hat! *mindblowsound*

Welch langfristig stabileres Fundament einer Geldökonomie kann es für eine ihr Heil noch im Materialismus suchende Gesellschaft geben?

Je länger das Bitcoin-Netzwerk funktioniert, desto mehr bestätigt und verdichtet sich dieses Vertrauen. Und mit steigendem Vertrauen steigt auch der davon abhängige Wert, wird womöglich zum weltweiten Währungsstandard, an dem sich alles messen lassen muss.

Beim Bitcoin-Mining wird demzufolge auch keine Energie verschwendet, sondern es kommt zu einer Konvertierung. Diese Konvertierung besteht in einer Umwandlung von elektrischer Energie in emotionale Energie namens Vertrauen – was sich freilich (noch?) nicht als erweiterte physikalische Formel darstellen lässt, kann im Geiste leicht von jedermann erfasst werden.

{

Eigentlich müsste man jetzt noch einen Schritt weiter gehen und die dem zugrundeliegende, ineinander aufbauende Trinität des Wohlbefindlichkeitsaxioms in Form von "Hoffnung -> Glaube -> VERTRAUEN" als soziale Grundwährung definieren, über die sich jegliche Ökonomie, auch die soziale Interaktion, gestaltet. Der Mensch investiert und entzieht seine jeweils nicht unbegrenzt vorhandenen "Trustcoins" (Vertrauenspunkte gewissermaßen) in Ideen, Personen, Beziehungen, Herrschaftsverhältnisse, Gegenstände usw, wodurch sich maßgeblich seine Realität konstituiert und er sich Rendite in Form von Wohlbefinden erhofft.

Erfährt er diese, so vertraut er weiterhin diesen Personen oder Denkgebäuden. Großes oder anhaltendes Unwohlsein in Zusammenhang damit führt hingegen zu einem "Investmentverlust" an Vertrauen und er entzieht der Sache seine "Trustcoins" (die gewissermaßen emotionaler Energie entsprechen).

Wer diesen Gedanken in seiner Tiefe versteht, könnte ihm folgend ein gänzlich neues, soziologisches Gebäude darauf errichten. Doch wir wollen den Bogen jetzt hier nicht völlig überspannen.

}

Mithilfe dieser theoretischen Modellskizze erklärt sich jedenfalls der Erfolg von Bitcoin und entkräftet auch den Energieverschwendungsvorwurf – denn die aufgewendete Energie ist nun einmal der unvermeidliche Preis für das Einander-nicht-vertrauen-Können und der daraus ableitbaren Not-Wendigkeit eines unmanipulierbar-transparenten wie berechenbar-freien Geldsystems!

Und dieser Preis ist sogar noch ziemlich günstig angesichts der Verwerfungen, die das sklavische Zentralbanksystem samt Krieg und Schuldknechtschaft der Menschheit oktroyiert – und von dem uns #Bitcoin befreien KANN, sofern dieses Geschenk erkannt und angenommen wird und noch genügend Zeit zur Umkehr verbleibt!

„ALTRUISMUS AUS EGOISMUS“ – BITCOIN ALS KATALYSATOR EINER GESELLSCHAFTLICHEN TRANSFORMATION? (Teil 2 beginnt )

Achtung, jetzt geht es noch mal eine Denkebene tiefer. Die traditionell stumpfe Scharfzüngigkeit "Meister Klüglings" (vgl Jakob Böhme 😍) könnte es spekulative Traumtänzeritis nennen, doch das Potential zum Folgenden sehe ich tatsächlich als reale Möglichkeit gegeben – die wie so viele Geschenke vom Menschenkinde nur nicht entgegengenommen wird wie ich fürchte. Doch es sei ihm dargereicht.

Denn hier beginnt Bitcoin jetzt nicht nur für das Glück des Einzelnen richtig interessant zu werden, sondern als gesamtökonomisches System auch für die Gesellschaft als mögliches Werkzeug hin zu einem wertigeren Sein – weg von oberflächlichem Konsumismus hin zu qualitativer Bewusstheit!

Bitcoin als Scharnier zu einer postmaterialistischen, gar geldlosen Gesellschaft?!

Nun, jeder jahrelang hodlende (also sie nicht veräußernde) Bitcoinbesitzer macht die Erfahrung, dass seine Coins alle 4 Jahre nach dem angesprochenen Halving nicht nur theoretisch, sondern auch praktisch im Tauschwert steigen.

Dadurch aber entwickelt er mit jedem diesem Vorgang ein tatsächlicheres Verständnis (Bewusstsein) über die Dinge, die ihm wirklich werthaltig und ausgabewürdig erscheinen. Sparsamkeit, Konsumverzicht und der Fokus auf reine Funktionalität werden spürbar stark belohnt und entsprechend ganz automatisch aus Eigennutzdenken heraus weiterentwickelt.

Seine immer wertvoller werdenden Sats/Bitcoins gibt er zunehmend nur noch für das aus, was er wirklich benötigt: ehemals oberflächlich-quantitativer Konsumismus transformiert sich so eigennutzbedingt in sinnstiftend-qualitative Bewusstheit! Welch Geniestreich Nakamotos (dem Erfinder) respektive der guten (höheren¿?) Absicht dahinter!

Statt zum prahlenden Stolze wird ein Fahrzeug nun vermehrt unter dem Aspekt des wahren Nutzens gekauft – der Lambo von heute wäre ja der Fuhrpark von morgen!

Der Mensch sucht auf diese Weise sein Heil immer weniger im Außen als vielmehr im Innern und entwickelt eine erhöhte Sensibilität für die Bedingungen nachhaltig anhaltenden Wohlbefindens.

Auf lange Sicht betrachtet sind Unternehmen so regelrecht gezwungen, langlebige Produkte höchster Qualität herzustellen, die der Mensch auch wirklich braucht und begehrt, wenn sie unternehmerisch bestehen wollen.

Der Rückgang von Produktbetrug (bspw geplante Obsoleszenz), Überproduktion und Ressourcenverschwendung ist wie auch die Zunahme von Umweltschutz und sauberer Energie nur logische Konsequenz dieser Entwicklung.

Die Selbstverwirklichung des Menschen fände immer seltener im Außen denn im Innern statt; Kleidung etwa würde bestenfalls der Witterungswidrigkeit wegen erworben und nicht mehr um als stolzer Pfau umherzubalzen – Funktion ersetzt Blendwerk.

In einer solch deflationär angelegten, vierjahreszykloid-taktierenden Bitcoin-Ökonomie achtet der einzelne Mensch wie auch die Gesellschaft also extrem penibel auf jegliche Ausgaben und deren tiefere Konsequenz, entwickelt dadurch kritischere Bewusstheit über sich selbst und die weitergehenden Auswirkungen des eigenen Handelns.

Die Gesellschaft wird sich endlich existenzielle Fragen stellen: Müssen wir unser hart erarbeitetes Geld für Tod und Zerstörung ausgeben? Oder sind wir nicht langsam des Militarismus überdrüssig?

Allein aus Eigennutz drängt Bitcoin den Menschen also zur kritischen Selbstreflektion und treibt ihn regelrecht in die Konsumaskese mit den üblichen asketischen Folgen freiwilligen Verzichts: der Entwicklung erhöhten Bewusstseins und überweltlichen Wohlbefindens!

Auf diese Weise zügelt Bitcoin tatsächlich die Gier im Menschen und könnte womöglich den Übergang in eine geldlose Gesellschaft initiieren:

Den Anreiz zur Schaffenskraft sucht der Mensch dann nimmermehr im Wunsch nach äußerem Reichtum, sondern findet Zufriedenheit und nachhaltiges Wohlbefinden bei sich selbst in seinem Innersten erfüllt durch Dienst an seinem Herzen; dem Dienst am Nächsten. Bitcoin erbrachte ihm endgültig den Beweis, dass Geld nicht nachhaltig glücklich macht und lediglich die Aussicht genügt, nie wieder an den nun wenigen weltlichen Grundbedürfnissen Mangel zu erleiden. 

Bitcoin könnte man daher auch als digitalen Gesellschaftsvertrag verstehen, der uns zumindest die Möglichkeit bietet, umzuwandeln des Menschen quantitative Gier in qualitatives Hier – ein gewissermaßen durch Rahmenbedingungen forcierter "Altruismus aus Egoismus".

Bitcoin fungiert in diesem Denkmodell also als gesellschaftspositives Transformationswerkzeug, nicht als zivilisatorische Endstation.

Dabei ist seine Ökonomie noch so konzipiert, dass es auch diejenigen belohnt, die die Fehler des aktuellen Geldsystems erkennen, frühzeitig die langfristige Konsequenz daraus ziehen und die anfängliche Volatilität wissend aussitzen. Bitcoin ist also auch eine Belohnung für das Studium substanzieller Systemkritik – je früher das Erkennen, desto höher die Belohnung!

Und egal für wie gebildet oder aufgeklärt man sich hält: Das Bitcoin-Studium lehrt einen immer wieder Demut durch seine extreme inter- wie transdisziplinäre Informationskomplexität (in ihm laufen Stränge der Wirtschaftswissenschaft, der Computerwissenschaft, der Philosophie, der Spieltheorie und dergleichen mehr fast unüberschaubar multiaspektuell zusammen)!

So wüsste ich noch keine Lösung für das Problem des Wiedervertrauenmüssens in die Redlichkeit der Private-Key-Verwalter bei durch die öffentliche Hand gehaltenen Bitcoins. Ist freies Geld also nur als Privatwährung funktional und ermöglicht so den Übergang in eine staatenlose, auf Eigenverantwortlichkeit basierende, womöglich anarchistische, Gesellschaftsform? (Stichwort privatstädtische Bitcoinzitadellen)

Und wenn nun all diese Überlegungen gar noch so falsch seien, so war man wenigstens im Bitcoin-Geistesgym trainieren 😉

ENDE

PS: Ich habe alles Theistisch-Spirituelle im Haupttext absichtlich kleingehalten. Wer jedoch die Ausdauer und Kapazität mit sich bringt, bis hierher gelesen und Grundsätzliches verstanden zu haben, dem sei auch dies AbschließENDE zuzumuten.

Für mich stellt Bitcoin nämlich tatsächlich ein Geschenk Gottes dar, mit dem die Menschheit das Werkzeug erhält, ihr mammonides Sklaventum sukzessiv zu überwinden – die weltliche Gier könnte durch Bitcoin gesundgedrosselt werden.

Denn das Geschenk in Christus hat das Menschenkinde für gewöhnlich ja verworfen, drum offeriert uns der Vater nun diesen (vielleicht allerletzten) Weg, ohne radikale Buße und Umkehr unser altes Lasterleben, getrieben von Habsucht und Maßlosigkeit, nach und nach aufzugeben und die höhere, wahrlich wohlige Wirklichkeit im und hinter dem Sein zu erkennen, anzunehmen und in den eigenen Alltag hineinzutranszendieren – Gottes Plan B als letztes Großgeschenk an die Menschheit?! Mögen wir es kollektiv zu würdigen wissen _()_

PPS: Alle Ehre gebührt Ihm, ich bin nur Sein Werkzeug und Schreibknecht, so, wie es meine bescheidenen Kräfte hergeben. Wer sich über diese Abfassung dankbar zeigen möchte, sollte also zum Meister gehen und nicht zu Seinem Knechte!

(Text wurde ursprünglich auf meinem johannesx.substack publiziert, verstößt aber angeblich gegen die Nutzungsbedingungen und ist daher zZ nicht abrufbar)

Dear rabbitho(d)lers,

Maybe "serious discussion" would be a better place for this thread?

I wrote this essay originally in german for Twitter but a friend translated it into english now. It clears up Bitcoin misconceptions and offers new perspectives to Maxis as well.

People (especially like Peter Schiff;)) are being told by this text

- why Bitcoin has an enormous high intrinsic value

- what money really is and why you dont have to have a "touchable" thing for good money

- why Bitcoin mining is no waste of energy but a conversion from electrical to emotional energy

- how Bitcoin can set us free on many levels and lead to higher consciouness



Let's start:

On the origin & meaning of the "value" of money and what the "intrinsic value" of #Bitcoin is (Part 1).

Could Bitcoin even be understood as a digital social contract that converts human quantitative greed into qualitative awareness? (Part 2)

Let's focus on the impossible attempt to describe Bitcoin in just one sentence first and from there explore its depth in terms of its true value (Part 1) and his potential for the future (Part 2).

Well, with Bitcoin, all participants acting as pseudonyms have agreed on a verifiable quantity-limited monetary system which, through decentrally organized open-source computer technology, produces a strongly value-storing medium of exchange with the highest possible degree of technical security against third-party access and manipulation in our current epoch.

This always up-to-date security is guaranteed, among other things, by the openly visible source code, the decentralized network architecture and the revolutionary "proof-of-work" algorithm. Without getting too lost in technical details:

The maximum number of circulating #Bitcoins is also fixed in a technically unchangeable way, just like the creation of new ones: defined to a maximum of 21 million pieces, where the last of it will be found in the year 2140. Until then, the amount of newly generated Bitcoins halves mathematically every 4 years (the so-called "halving"). Everyone can participate in the search for these Bitcoins by using technical devices with Internet access ("mining hardware").

What does that mean?

Well, with this, the Bitcoin ecosystem allows us an unprecedented predictability and functionality as the basis for a completely new kind of monetary system:

Where before long times ago a king or currently the central bank could manipulate the money supply or quality (e.g. the gold content of a coin or currently the inflationary ECB printing) at will, stop transactions (even block accounts) and ruin the savers ("the small man") in historical regularity, by means of #Bitcoin human trust necessity and monetary uncertainty is now replaced by mathematics and technology!

From the investor's point of view Bitcoin itself becomes automatically rarer and rarer with time and is thus pretty much exactly the opposite of our current fiat money system, which constantly devalues itself through uncontrolled money printing and must ultimately end up (hyper)inflationary - at the expense of the working population.

Therefore, isn't it wonderful to have such a free, fair and transparent as well as democratic money system with Bitcoin, in which every person can participate without government permission and the fear of confiscability of his property? It is the first time in history that this is the case!

Who claims that nobody needs something like #Bitcoin, claims likewise that we have a basically working money system, which can be trusted functionally and personally and which must therefore remain alternative-free.

Naive nonsense, of course, which historical evidence at any period of history disproves. But as long as man believes to have to lock his front door (because he cannot trust his fellow men), he also needs a monetary system detached from trust! #Bitcoin fixes this! 😎

In order to make further deductions, some philosophical principles must be discussed below. For instance, the question why Bitcoin has a value at all, yes, what it even means that and why we call something "valuable". Otherwise, the genius of Bitcoin will not become clear.

For this purpose, let's start with the question of the superficial (not individual) meaning of life, since everything is built on this. Don't worry, this can be expressed in a surprisingly simple way for all sentient beings in one sentence: namely, the pursuit of well-being or the avoidance of suffering.

Ad hoc proof: Would you have read this far if the text would cause you a lot of discomfort or would not promise you any additional gain? And if you don't stick it out to the end, it's mainly because the budding discomfort outweighs the expected (feel-good) gain.

One makes oneself therefore mindfully aware: Every decision of your life depends in the end on whether and how much well-being and/or suffering avoidance you expect for yourself and/or others from something!

In reality, this only seemingly banal aspect of the human existence is of essential importance and explains (almost) everything. So let's call it "well-being axiom".

This knowledge means that all our actions are ultimately based on faith and hope, namely that of attaining and maintaining as much well-being as possible - for which, however, there is never a guarantee, but only maximum high or low probabilities. Many believe to know, but do not know that they only believe.

So,based on that - what is money now?

From an objective point of view, money is the believed chance (subjectively always a felt knowledge) of the convertibility at any time of a certain (assumed value-storing) good into a certain form of well-being (for instance in form of services, goods or other possessions).

Such a medium of exchange and value storage is necessary in order to be able to prosper from the sweet fruits of one's labor as loss-free as possible, even in the distant future.

If, for example, a medieval farmer reaps a rich harvest, he cannot permanently store surplus grain for bad years without it spoiling. Therefore, he needs a medium to store the work he has done but is not currently using himself, and to be able to retrieve it at any time with as little loss as possible.

The medial tool for this we call money and its best representative is (through Bitcoin maybe "was"? ) historically pure gold. If our farmer achieves enough harvest surplus to correspond to the value of a gold coin, he will probably choose it.

But what is the basis of the attributed "value" of such means of exchange and stores of value, here clearly defined as gold?

In the end it is based only in the belief. And with it the trust (/confidence/faith) to get still something at least as much well-being producing for his performed work stored in this or that medium of exchange also in the future!

Briefly: The higher the (always individually considered) chance of well-being through a scarce good, the higher its "value" is assessed - that is why water is so cheap, although it is essential for the well-being of everyone, and why the million dollar Picasso is so expensive, although it isn't essential for the well-being of hardly anyone! This also plausibly clarifies the "classical value paradox" that has always preoccupied economics, in that this consideration clarifies John Law's 300-year-old approach to it (also called the "water-diamond paradox" - i.e. the fact that water, which is essential for life, is usually dirt cheap, but a diamond, which is not essential for life, comes across as pricelessly expensive for many; cf. Wikipedia).

So the medieval farmer converts his surplus, let's say 50kg of grain, into a corresponding gold coin. But he does this only because he "knows" (in truth, he only believes and hopes) that he will also get about 50kg of grain or its equivalent for this gold coin in 10 or 20 years.

He decides in favor of the store of value which, in his opinion, guarantees the most well-being and has the highest probability of retaining its value (or the lowest probability of losing value), which was generally known at the time: the purest gold.

It is therefore not primarily the labor-intensive won material and its rarity per se which should/could/must lead for example with gold automatically to a value - rather it is the confidence attributed to the gold and proven for millennia! The historically experienced general acceptance as well as scarcity of the gold creates and confirms the confidence and the belief (as felt knowledge) not to occur in excess also in the future and thus to maintain the exchange value.

So the real value is not in the material itself (platinum, for example, is much rarer than gold), but in the positive experience associated with it as a proven medium of exchange and value storage over a long period of time: indestructible trust!

Accordingly, good money does not necessarily require something material in the hand, such as a gold coin, but only the individual certainty of its value.

And nothing monetarily known and proven allows us such an unmanipulable certainty about its current as well as future scarcity and nature as #Bitcoin! Everything, even gold, is theoretically infinite in space - Bitcoin on the other hand mathematically only 21 million (divisible to the smallest) times (the "Sats"), so that we have a new monetary certainty, which can replace previous monetary confidence!

The necessary residual trust (worldliness is never completely without it) is technically diversified decentrally into the solar system (see @Blockstream satellites), so that this monetary system would probably tend to survive even the demise of the planet on which it once saw the light of day. Yes, #Bitcoin is that powerful 😍!

The typical gold coin thus corresponds to the old type of tangible materialized trust, while Bitcoin institutionalizes digital trust, i.e. brings it into a socially recognized form - namely by the fact that the forces leading to trust of a proven medium of exchange and value storage (such as scarcity, divisibility, forgery resistance, low storage & transport costs, etc.) are programmed into #Bitcoin genuinely, i.e. innately!

So the "fundamental value" of Bitcoin is huge intrinsic trust, which no payment instrument has ever given us before! *mindblowsound

What more stable long-term foundation of a monetary economy can there be for a society still seeking its salvation in materialism?

As longer the Bitcoin network works, the more this trust is confirmed and condensed. And with increasing trust, the value dependent on it also increases, possibly becoming the global currency standard against which everything must be assessed.

Consequently, no energy is wasted during Bitcoin mining, but a conversion takes place. This conversion consists of a transformation of electrical energy into emotional energy called trust - which admittedly cannot (yet?) be represented as an extended physical formula, can easily be grasped in the mind by everyone.

{

Actually, one would even go further and define the underlying trinity of the well-being axiom in the form of "hope -> faith -> TRUST" as the social basic currency, by which any economy, also the social interaction, is formed. Man invests and withdraws his respective not unlimited available "Trustcoins" (sort of trustpoints) in ideas, persons, relations, domination relations, objects etc., by which his reality is constituted decisively and he hopes for returns in the form of well-being.

If he experiences these, he continues to trust these persons or edifices of ideas. Great or lasting discomfort in connection with it, on the other hand, leads to an "investment loss" of trust and he withdraws his "trustcoins" from the thing.

Who understands this thought in its depth, could build a completely new, sociological foundation on it. But we do not want to unbalance these ideas now completely.

}

With the support of this theoretical model sketch the success of Bitcoin can be explained and also invalidates the reproach of wasting energy - because the spent energy is the unavoidable price for not being able to trust each other and the resulting necessity of an unmanipulable-transparent as well as calculable-free monetary system!

And this price is even still quite favorable in view of the distortions which the slavish central bank system together with war and debt bondage imposes on mankind - and from which #Bitcoin CAN unchain us, provided that this gift is recognized and accepted and still enough time remains for the reversal!

"ALTRUISM OUT OF SELFISHNESS" - BITCOIN AS A CATALYST FOR SOCIAL TRANSFORMATION? (Begin of part 2)

Be aware, it will now become an even deeper level of thinking:The traditional narrow-mindedness of "Master Clever-Dick" (cf. Jakob Böhme 😍 ) could call it speculative dream danceritis, but I actually see the potential for the following as a real possibility - which as I fear (like so many gifts) will just not accepted by humanity. But it is presented to them.

Because here Bitcoin starts to become really interesting not only for the happiness of the individual, but as an overall economic system also for society as a possible tool towards a more valuable being - away from superficial consumerism towards qualitative awareness!

Bitcoin as a hinge to a post-materialistic, even moneyless society?!

Well, every Bitcoin owner who hodls for years (i.e. does not sell them) makes the experience that his coins increase in exchange value every 4 years after the mentioned halving not only theoretically but also practically.

As a result, however, Bitcoin develops a more actual understanding (awareness) of the things that really seem valuable and worthy of spending with each of these processes.  Frugality, renunciation of consumption and the focus on pure functionality are rewarded noticeably strongly and accordingly developed further quite automatically out of self-interest thinking.

He spends his ever more valuable Sats/Bitcoins increasingly only for what he really needs: formerly superficial-quantitative consumerism transforms itself so self-interest-conditioned into meaningful-qualitative consciousness!  What stroke of genius Nakamotos (the inventor) respectively the good (higher¿?) intention behind it!

Instead of boastful pride, a vehicle is now increasingly purchased under the aspect of true utility - after all, today's Lambo would be tomorrow's fleet!

In this way, man seeks his salvation less and less in the outside and more in the inside and develops a heightened sensitivity for the conditions of sustained well-being.

In the long run, companies are forced to produce long-lasting products of the highest quality that people really need and desire if they want to survive in business.

The decline in product fraud (e.g. planned obsolescence), overproduction and waste of resources is only a logical consequence of this development, as is the increase in environmental protection and clean energy.

People's self-realization would take place less and less on the outside than on the inside; clothing, for example, would at best be acquired for the sake of weather resistance and no longer for the purpose of clowning around as a proud peacock - function would replace dazzle.

In such a deflationary, four-year cyclical Bitcoin economy, the individual as well as society pays extremely close attention to every expenditure and its deeper consequences, thereby developing a more critical awareness of oneself and the broader effects of one's own actions.

Society will finally ask itself existential questions: Do we have to spend our hard-earned money on death and destruction? Or are we not slowly getting tired of militarism?

So, for self-interest alone, Bitcoin pushes people to critical self-reflection and drives them downright into consumer asceticism with the usual ascetic consequences of voluntary renunciation: the development of heightened consciousness and otherworldly well-being!

In this way, Bitcoin actually curbs greed in people and could possibly initiate the transition to a money-free society:

Man would then no longer seek the incentive for creative power in the desire for external wealth, but would find satisfaction and lasting well-being in himself, fulfilled in his innermost being through service to his heart; service to his neighbor. Bitcoin finally proved to him that money does not bring lasting happiness and that only the prospect of never again suffering a lack of the now few basic worldly needs is sufficient. 

Bitcoin could therefore also be understood as a digital social contract that at least offers us the possibility of transforming human quantitative greed into qualitative here - an "altruism out of egoism" that is, as it were, forced by framework conditions.

In this model of thought, Bitcoin thus functions as a socially positive transformation tool, not as a civilizational terminus.

At the same time, its economics is still designed to reward even those who recognize the flaws of the current monetary system, draw the long-term consequence early, and knowingly ride out the initial volatility. So Bitcoin is also a reward for studying substantial systemic criticism - the earlier the recognition, the higher the reward!

And no matter how educated or enlightened you think you are: Bitcoin studies always teach you humility through its extreme inter- as well as transdisciplinary information complexity (in it, strands of economics, computer science, philosophy, game theory and the like converge in an almost unmanageable multi-aspect way)!

Thus, I do not yet know of a solution to the problem of having to re-trust the honesty of the private key administrators in the case of Bitcoins held by the public sector. So is free money only functional as a private currency, thus enabling the transition to a stateless, personal responsibility-based, possibly anarchistic, form of society? (Keyword private-city Bitcoin citadels).

And if all these considerations are still so wrong, one could at least train in the Bitcoin mind gym. ;-)

END

PS: I have kept everything theistic-spiritual in the main text intentionally small. However, whoever has the endurance and capacity to have read this far and to have understood the basics, can be expected to read this concluding part.

For me, Bitcoin actually represents a gift from God, with which humanity receives the tool to successively overcome its mammonid slavery - worldly greed could be healthily throttled through Bitcoin.

Because the gift in Christ has usually rejected the human child, therefore the Father now offers us this (perhaps very last) way, without radical repentance and conversion to give up our old vice life, driven by greed and intemperance, little by little and to recognize the higher, truly pleasant reality in and behind the being, to accept and to transcend into the own everyday life - God's plan B as last great gift to mankind? May we know to appreciate it collectively _()_

PPS: All honor is due to Him, the lord himself, I am only His tool and writing servant, as my modest energy give it. Who would like to be grateful about this writing, should therefore go to the Lord and not to his servant!

(first published on my Johannesx.substack but it was ridiculously "Flagged as Potential Violation" of their guidelines... 🤔)