Bitcoin: The Government Killer…

“The root problem with conventional currency is all the trust that's required to make it work. The central bank must be trusted not to debase the currency, but the history of fiat currencies is full of breaches of that trust. Banks must be trusted to hold our money and transfer it electronically, but they lend it out in waves of credit bubbles with barely a fraction in reserve.” - Satoshi Nakamoto

Bitcoin was created as a response to the egregious mishandling of fiat currency by governments. If it had not been for the designed oppression of the citizens by the central banks and government agencies, there would have never been any need for Bitcoin. Rather than provide an honest currency, our “leaders” (all of our leaders through the entire world) used fiat to steal from their citizens and enrich their cronies by engaging in debasement of our currencies.

On April 5th 1933, executive order 6102 was signed by FDR and initiated the widespread confiscation of gold from American citizens. In 1971, Nixon ended the gold standard as a temporary measure. These acts completely destroyed our currency and the promise the government had made to the people. You were no longer allowed to own gold or even own money backed by gold. Satoshi’s birthday is April 5th because that is when it became illegal to own gold and his birth year is 1975 because that was the year when it became legal to own gold again. I believe Satoshi chose this birthday because he wanted to highlight the corrupt nature of government’s involvement with currency. Of course, “Satoshi” is a fictitious character created by Bitcoins creator.

Cryptocurrency, particularly Bitcoin, will destroy governments as we know it. It’s just a matter of time. This is because goverment will no longer have the ability to control the currency, rack up debts, and bail out their failed cronies by devaluing all of our hard work and ingenuity. After all, inflation is when the government counterfeits money to syphon away your wealth like a parasite.

Reporting our transactions to the IRS is a temporary measure. Relatively soon, with the implementation of hidden wallets and widespread acceptance of crypto, there will be no way for a 3rd party to track funds and no need for a fiat exchange. Any reporting of transactions or sales taxation will be impossible. There will be absolutely no way for the government to effectively tax the citizens or print money out of thin air. All their power will be gone.

“Bitcoin was designed to do one thing, destroy central banks.” - Max Keiser

Regardless of how you feel about taxation and government, it will need to radically change as crypto grows. The current system will die and a new era will emerge where the people are in control of the money. Now that the money has been fixed, the government will soon actually bend to the will of people be forced to fix itself or be replaced.

Fix the money, fix the world.