What if Bitcoin was only phase 1 of Satoshi Nakamoto’s plan? – Bitcoin – Bitcoin 2020

Some artists become immensely famous, not because their works are essentially superior, but thanks to the irrepressible curiosity that they manage to provoke. Banksy, Stanley Kubrick, Daft Punk… all have become icons of their art, in particular because they have not let anyone see them. No one knows who Satoshi Nakamoto, the inventor of Bitcoin, is. Like a deity, he is absent but in everyone’s mind. We are consumed by the desire to know how this computer genius was able to return to his lamp after having created the philosopher’s stone. A billionaire who makes a vow of poverty … this is what is out of place in a world where money is a religion and capitalist mirages televised the only horizon of hope.

By refusing to touch a single Bitcoin with its loot, Satoshi exhibits an admirable culture of sacrifice. This dimension will not have escaped an entire generation, lulled by screens exhibiting a fictitious luxury world view, itself conveying the implicit idea that salvation and happiness resides in the consumption or accumulation of wealth.

A generation whose brains are washed with a counterfeit television opulence to convert it to the sad cult of money and to the consumption of gadgets whose prohibitive price is only equivalent to their emptiness. By refusing to spend his billions for more than 10 years now, Satoshi Nakamoto is disturbing. It embodies the improbable bug in the matrix …

Satoshi is not a god but a cypherpunk made of flesh and blood. He is an activist promoting the generalization of cryptography to maintain his private life and not be at the mercy of the first authoritarian regime to come. He is also a revolutionary who, before cutting ties, left us a message in the genesis block of the Bitcoin blockchain.

“Chancellor on brink of second bailout for banks”

In French : “The chancellor is about to bail out the banks for the second time.”

It’s a title of article in the newspaper The Times January 03, 2009.

This signature, left in the first block of the blockchain, speaks volumes about Satoshi’s opinion towards a system that privatizes gains and socializes losses. A system in the hands of bankers who pay millions to inflate a gigantic debt bubble, generating inflation, and which forces us to scrape ever more growth on a finite planet.

Bitcoin's genesis block carried a strong message

Younger readers probably don’t remember it, but 2008 was the year of the second biggest fraudulent financial crisis in history (after that of 1929). Tangible consequences of the crisis: 10 million homes foreclosed by American banksters (the equivalent of the entire Belgian population) and more than 100 million unemployed worldwide.

What could have happened? Let’s start by remembering that crises are not triggered by the operation of the holy invisible hand of the market. This crisis which inspired Satoshi Nakamoto was the result of the concomitance of two events:

  • first, in the years leading up to the crisis, American banks have lent without counting, to anyone wanted to buy a house. Loans with very attractive but “variable” low rates, so that when the American central bank (FED) went up the rent of the money (interest rate), millions of Americans were caught in the throat with unbearable monthly payments.
  • Secondly, we have crossed the conventional oil peak in 2008. At that time, the price per barrel rose in 1 year from 60 to 140 $. Production costs explode and lead to layoffs which make mortgage loan repayments even more difficult.[Sincethenonlyproduction-[Depuisseulelaproduction– unprofitable – shale oil has helped maintain a semblance of economic growth.]

The rest we know : Bankrupt banks have been bailed out with thousands of billions of dollars. Jackpot. A gem of $ 15 trillion of ” quantitative easing “(Abstruse term for not having to say the cursed expression on the money press) has been” printed “ ex nihilo to perpetuate debt slavery.

“The modern banking system makes money out of thin air. This process is undoubtedly the most astonishing trick ever invented… ”

Sir Josiah Stamp, director of the bank of england from 1928 to 1941

Sir Josiah Stamp
Sir Josiah Stamp had it all figured out over 80 years ago

Despite these thousands of billions, 10 years later, banks are all technically bankrupt as evidenced by the stock market index Eurostoxx bank which has lost 80% of its value since 2008. So to put it another way, it looks like we’ve come to the end of the debt system.

But how is it possible with so much money?

Four walls and a roof

We will explain here why the global debt can only increase until … until it can no longer.

The money flowing in the economy is still coming from an earlier bank loan. A loan which obviously to be paid back.

It’s as if an invisible force always ends up re-sucking money into banks as surely as gravity will eventually attract any object to the planet. Money being entirely created from debt, this amounts to saying that if all the debts were paid off, there wouldn’t be a single penny in circulation …

Difficult to digest, these quotes will enlighten you:

“If there was no debt in the system, there would be no money. “

Marriner S. Eccles, President of the American Central Bank (FED)

“Currency is gold. Everything else is just Credit. “

J.P Morgan

Here’s the basics. We can now push the reflection a little further. The hard part is to fight against your prejudices related to money.

It can be said that at time T, when a Lambda person borrows a certain amount from a bank, interest money does not yet exist. This person will have to hope that someone else comes into debt after him so that there is enough money in the economy so that he can repay his loan AND the interest. Nothing could be more logical, right?

Pub

Said like that, our brain has a little trouble taking this information for real because we wrongly believe that money is something that has “always existed” and only the distribution of which changes according to the fortunes of some or the bankruptcies of others. Absolutely not. In fact, the mass of money in circulation (M3) even increases by 5% every year according to statistics from the European Central Bank.

It’s a fact, having to pay interest makes it mandatory headlong global debt under penalty of recession (when borrowers cannot find enough money in the economy to repay their loans + interest).

You just have to do the math to convince yourself that interest represents a significant sum! Example: If you borrow 100,000 euros over 30 years at an annual rate of 4%, your borrowing costs you € 71,869 in interest. You will have to find € 100,000 + € 71,869 to successfully reimburse the banker.

A banker who, remember, creates money for his part ex nihilo. In other words, from nothing … The banker taps a few zeros on his keyboard and you almost have to pay him a second house for that … Is this really the type of society we want to live in? …

Anyway… all this to say that yesterday’s borrowers repay with the following borrowers whose money comes to irrigate the economy in a crazy flight ahead of a Ponzian nature. This usurious system carries within it the germ of a Inevitably growing global debt.

And since 70% of money in circulation comes from home loans, you now understand why each generation is allowed – and even prompted to borrow more and more at constant salary to buy a home. The more the overall property debt increases, the more money is in circulation, and the easier it is for former borrowers to repay. But that inevitably creates inflation.

Result: a house that cost $ 2,195 in the United States in 1920 costs, 100 years later, $ 300,000. In other words, a house represented 0.66 times the average annual salary in 1920 when today is 8 times the average annual salary… .. And even more in the big overpriced capitals.

We don’t realize it because house price inflation is not included in the inflation calculation presented to us in the media. On the other hand, everyone feels that purchasing power is melting like snow in the sun …

So there are limits to the debt. The first is physical (only one planet). The second is related to inflation. Who wants to go into debt over 30-40 years and pay half a million for 4 walls and a roof? And above all who can?

Was Mr. Nakamoto thinking of all this when he signed the genesis block? Probably. Why would he have chosen this particular article otherwise?

Satoshi Nakamoto, the return of providence

Of course, he should already be alive. Let’s be romantic and assume that the inventor of genius who gave birth to Bitcoin lives among us and that he prepares his return to complete his work.

What work are we talking about already?

Nothing less than possibility of defending against an authoritarian, usurious power, in a cashless society where mass surveillance and social credit (Chinese style) have become the norm.

To complete his work, we said, everyone should use Bitcoin. This is far from being the case. How could he do it?

By donating the bitcoins he has? Ridiculous. It is barely $ 10 billion. Not enough to change the face of the world.

By launching a new Bitcoin? Bingo.

Satoshi would not even need to reveal his true identity. It would be enough to announce in advance a movement of Bitcoin from its address (the one with the nest egg) to get the listening ear of billions of people. Between us, it is better that he remains anonymous …

He could then unveil a new cryptocurrency and offer it to the whole world via a gigantic airdrop (a free distribution of cryptocurrency). In an ideal scenario, the entire banking system could become obsolete overnight. Who would not like to tell their banker that their services have become useless!

Either way, it’s not like the banks are on the verge of bankruptcy and our monkey currencies are backed by mountains of unpaid debt … Could Bitcoin turn out to be just the first step of a larger plan? What is certain is that in view of the global financial emergency, we will end up being fixed, probably faster than we imagine.

What if Bitcoin was only phase 1 of Satoshi Nakamoto’s plan? – Bitcoin – Bitcoin 2020
4.9 (98%) 32 votes