Skip to main content

What is the True Nature of Bitcoin?

During a conversation with a friend he quoted Adam Smith to me in context but with out understanding.

I asked if he understood the central point and reason for Bitcoin's existence: 

the protocol rules are only employed, AFTER, its been decided who will win?

Smith was only doing "my Lord's" bidding. He got a lot right, technically. But in the end, it was his Master who determined what he finally said in his great works. 

His master was one of the biggest landlords in Scotland. Smith was compelled on pain of losing his contract to write books for universities, to speak about economics in high sounding intellectual tones. But forbidden from revealing what was actually happening in front of his face, of which the landlord was partaking. 

Its not this country which is the problem. It is the World. There are no exemptions, no one can escape it. Everyone is in part an Adam Smith doing the work of his master. 

But you CAN rise above it.


I have another good friend who left England for Sweden and I don't blame him given that governments of the past 30 years are more interested in delivering national suicide than governing. And entered an islamist ghetto run by suicidally empathic socialists. Unwittingly. 

You cannot escape it materially. You have to change the self... somehow. Face your shadow, accept it is there, go right up to it and look hard at it. And rise above it. Call this activity 'the shadow work'. Or meditation, or prayer, a continuous process of self development.

The easiest way is first to accept that what is in front of your face, is 'happening'. In spite of how hard that is to do. If you cannot do that you will be stuck in limbo for eternity and it will be a waste of time trying further. If you can do that first thing, all else is secured for you. 

Bitcoin is yet another iteration of monopoly power, fully centralised, with a pantomime masquerade to help people escape from their own complicity in attempting to gain power over others. Everyone. By escaping, you are stopping the shadow work and returning to the deep.

It's remarkable that no one, especially the experts and planet savers have not yet recognised that the enormous power required to run the data centres which build and maintain the blockchain, are not actually required. The fantastically complex cryptographic protocols which run it all are moot. A pantomime masquerade to make it appear like innovative technology saving the world. An escape back into the deep.

It's not that the tech on its own needs so much energy so is harming the planet compared to alternative forms of tech trying to deliver the same sort of benefits. It is that the energy used up is not require at all! It has already been decided who the winners will be. And who will be the losers. The energy used up in the masquerade is entirely wasted to run cover for us and our refusal to observe what is happening, right there, in front of our faces. 

Neither is it that the tech is no good. It is a fantastic labour saving device if utilised properly and in its own right free from power. But that is the thing - its totally in the hands of power who already decided who the winners will be. Alas.

In the end, the decision about the production of wealth and who receives its spoils has already been made. Even the inventor of Bitcoin itself - Dr. Craig Wright is oblivious to this observation. Incidentally, this was the last conversation I had with Dr. Wright before he permanently blocked me. Of course!

I have another friend who recently was pleading that he had tried his hardest to help me. My response was that if you keep blaming external actors, you will be self harming. You have to find a way to rise above it all. So it's a mistake to try to help me. It is your first duty to help yourself. Its a higher duty even than helping your own children. For if you cannot help yourself yet, how on earth will you be able to help them?


Popular Posts

A Dialogue on the UK's Accession to the United States (UKEXIT)

A Dialogue on the UK's Accession to the United States Executive Summary This initiative seeks to foster a formal dialogue regarding the potential accession of the countries of the United Kingdom , to the United States , as individual states.  Being English the main focus is for the country of England to accede. The original intent was to ask the government to lead on it through a petition leading to the question coming before the House of Commons. This was crushed out of hand by the committee leading petitions, which was not a surprise.  Simply put, this petition is asking the government to start a conversation about the benefits of leaving the UK and joining the United States. Let us call the initiative UKEXIT (yukezit) The objective is to evaluate the benefits to citizens and stakeholders, encouraging a constructive discourse on the political, economic, and social implications of such a union. If Wales , Northern Ireland , Scotland , or  England were to leave the Unit...

The 450 Volt Truth: From Orwell to Obedience

A Complete Thread on Dystopia, Milgram, and Breaking the Agentic State - Why People Act Irrationally and Often Violently When a Tribal Social Structure and Its Hierarchy Are Brought Under Serious Scrutiny This is a tricky topic. Please read the Obedience Glossary of Terms before proceeding Executive Summary This piece was written from a long conversation with Grok. I had to interrogate the AI quite a bit. And was astonished at how it produced such intelligence. I've included the most pertinent parts. Do not be fooled into thinking this is just another Orwell analysis. That is just setting the scene well. For what comes later on the agentic state and how power uses it to control the masses.  It may not have all the answers. It might wrong. A lot of it is very hard to believe is happening. But it still seems to fit the bizarre world of system wide dissonance we all live and partake in today, better than all the alternatives. So deserves your continued attention. By all means make yo...

Government & Tax Death Toll

I'm going to show you how government and taxation causes more excess death than any other factor, even global wars and pandemics. It is and always has been the biggest genocide of all. And its deliberate. Government doesn’t just fail to save lives — it takes them, at scale.  2–6 million globally 200K–400K in the U.S. 50K–80K in the UK Every year. Every tax. Every regulation. Cumulatively since 1970 government and tax killed between 160 and 300 million people across the globe  More than all 20th century wars and genocides combined (260M) In the U.S. ten times more than all U.S. combat deaths in history (10 * 1.2M) In the UK equivalent to 1 in 15 of all deaths And the nations with more regulations and a higher tax to GDP ratio such as the UK and US, tend to kill more of their own citizens per capita. The poorest nations have a better record than the richest. All this excess death is rooted in the institutions of taxation - the theft of private property, by force, against your fr...