Bitcoin embodies the promise of encryption, a way to free yourself from government. From Paul Rosenberg at freemansperspective.com:
Over the past few years, huge numbers of people have come to see Bitcoin as an investment… as a stock. That’s because a significant percentage of the populace – certainly a good percentage of the investing class – knows someone, at least a friend of a friend, who has done very well with Bitcoin. That’s the kind of thing that people notice, and not unreasonably so.
The truth, however, is that Bitcoin is more and better than an investment… much more and much better.
We’ll get to some detail on this later, but before I start on the story of Bitcoin, I should at least say that rather than being an investment (even though its exchange price does rise dramatically), Bitcoin is actually a new societal model. It is fundamentally different from the old model, being both more efficient and morally superior.
It Came From Outside
Now, let’s spend a few minutes on where this thing came from. And the short version is that it came from outside.
Bitcoin, you see, is not an adaptation based on existing currencies, nor can it be understood that way. Bitcoin is from the realm of radicals.
In particular, Bitcoin came to us from the cypherpunks, a group of cryptography advocates. They began to flourish in the early 1990s, as they realized they could “wall-off” areas of cyberspace from the intrusions of governments. Here, to give you some flavor, are a few quotes from these people:
Governments of the Industrial World, you weary giants of flesh and steel, I come from Cyberspace, the new home of Mind. On behalf of the future, I ask you of the past to leave us alone. You are not welcome among us.
We don’t much care if you don’t approve of the software we write. We know that software can’t be destroyed and that a widely dispersed system can’t be shut down.
A specter is haunting the modern world, the specter of crypto anarchy.
Arise, you have nothing to lose but your barbed wire fences!