Bitcoin: The Future of Money?

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Like it or not, money makes the world go round. For anyone paying attention, its current place at the heart of our civilization is undeniable. It is incredibly hard to have any measurable impact or create any lasting change without the power of capital. Don’t get me wrong, Capitalism is glorious, however, corruption has enabled some individuals…cough…*George Soros* to abuse the system for their own benefit, and turn money into another weapon to be used in the fight against our liberty.

For now. The future may hold a very different story.

For those not familiar, Bitcoin is a cryptocurrency that has popped up in the media quite a few times over the last few years. To put it simply, it is technology-based money that is not managed or controlled by a central bank, making it free from authority and potentially more secure, due to its heavily encrypted nature.

Although the term “digital currency” is sure to make some people cringe, and there are of course no guarantees when it comes to such a fledgling technology, keep in mind that our current currency is also virtual, in the sense that it hasn’t been on a gold standard since 1971, and is slowly becoming more and more digital as cash is phased out.

Cash versus crypto

Our own government has even contemplated developing plans for a cashless economy in the very near future…to fight terrorism, of course. Gotta make sure we tax all that CIA drug money before we send it to Hamas, Iran and other shitholes, so they can buy more weapons to kill American troops and our allies. But I digress. Bitcoin offers plenty of promise in terms of the future of the currency market, and is something well worth keeping a collective eye on, even if you don’t care that taxation is theft.

History

Bitcoin was created in 2009, by an anonymous developer under the pseudonym Satoshi Nakamoto, although it has only gained widespread notoriety within the past few years. It’s gone on to be the basis of over 1,000 other cryptocurrencies, and the technology that powers it is now being used to revolutionize logistics, real estate, security and agriculture, just to name a few.

As for its detractors, many of the people calling Bitcoin a “Ponzi scheme” are the ones bitter about not investing during its early days. They heard about it from a friend, or read an article on TechCrunch when it was $0.28 a coin and they knew what it was: An Illuminati conspiracy to institute a centralized currency designed to enslave humanity for those reptilian aliens Alex Jones is always going on about. So, instead, they listened to an ad on InfoWars, bought $100 worth of gold and buried it in the backyard. It’s still there today, and not worth the money it takes to hire a couple kids to dig it up.

If you don’t pay attention to tech news, then maybe you’ve heard about SilkRoad, the deep web black market that used the currency, and was eventually shut down (temporarily) by the FBI for the sale of drugs, firearms, explosives and other awesomeness…I mean…illegal items. Despite bad publicity such as this, the potential of Bitcoin and other cryptocurrencies for non-illegal activity is huge.

Bitcoin Benefits

  • Safe & Secure
  • Anonymous
  • No cash-handling fees

Safe and Anonymous

One of the biggest benefits of crypto is the fact that it is more secure – using Bitcoins (or another crypto), you can avoid credit card use and protect yourself from potential fraud while purchasing items on the web. As the internet continues its Orwellian expansion into more and more facets of our daily lives, privacy is predicted to become one of the biggest concerns of future citizens everywhere. This is a massive advantage in the virtual currency’s favor. It will also, most likely, prove to be a growing ethical concern as the technology advances. As mentioned earlier, the anonymous nature of Bitcoin is one of the reasons it is so ideal for criminal activity.

Increasing Awareness

As knowledge of this alternative currency continues to grow, more and more people are jumping on the bandwagon to test the waters. Not only does this continue to push it further into the mainstream, it also raises its value. In fact, thousands of businesses around the world now accept Bitcoin, and those numbers are only growing. Bitcoin ATMs are becoming popular in Japan, Canada, Europe, and even California and New York. If the trend continues, we may very well be looking at a near-future scenario of decentralized exchange taking place on everyone’s phones, tablets and laptops. In light of rising state income and sales taxes, it will at least be a beneficial alternative.

The Future of Bitcoin

Whether Bitcoin becomes the standard currency of the future or not, the most important thing about it is the underlying technology it’s based on: blockchain. A completely secure, anonymous and digital form of money offers a multitude of possibilities, that today’s fiat currencies simply cannot achieve. Even if Bitcoin dies out over the next few years, there is no denying the impact it has already had. It will be marked as the first of its kind. Both merchants and consumers have experienced a new way of trading, and the differences therein will not be soon forgotten. Due to its influence, the future of currency and human exchange has already begun to shift.

Want to learn more about Bitcoin and other cryptocurrencies?

We’ve put together a short eBook for beginners:

Advantages & Disadvantages of Digital Currency

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