Simon Black on board with BitcoinLooks like Simon Black from Sovereign man is starting to get on board with Bitcoin. He explains what money is and how it is being manipulated. Money is a “token” of work performed or energy expended. A Monetary system is simply a machine that accounts for the stored value represented by the tokens and and their transactions. Gold and Silver “tokens” have been used for millennia to perform this function. The reason these metals were used is because they are scarce, durable, divisible and portable. They can’t be manipulated… easily anyway. Originally, Paper Money was a “receipt” of a “token”. It had some advantages of precious metals: more portable, and it was more divisible. By making these improvements, it facilitated greater specialization and growth of the market as a whole. Throughout history when Banks and Governments found they could manipulate the paper money they did the temptation is just too great. The truth is that if you trust one person or one organization with your money they will find a way to STEAL it. Then they acquire control of government and have them write “laws” protecting their criminal enterprise. someone with your and not one man in a million would be able to diagnose it. Paper money can EASILY be manipulated, for those who are in control of the “System”.
Lenin was right. There is no subtler, no surer means of overturning the existing basis of society than to debauch the currency. The process engages all the hidden forces of economic law on the side of destruction, and does it in a manner which not one man in a million is able to diagnose. John Maynard KeynesPeople have to expend energy, or work to acquire money. However Banks and Governments have the ability create these “tokens” with a key stroke on a computer. No real work is performed so when they add more “tokens” available to themselves, they cause inflation for us, as they grant themselves almost unlimited power. Bitcoin eliminates the ability of the Banks and Governments to manipulate the money supply. It is simply a decentralized accounting system that allows everyone to see how many “tokens” each address contains. These “tokens” have value because people are willing to trade something else of value for them, just like Gold and Silver. Gold, Silver and Bitcoin have similar properties: they are all scarce, durable, divisible and portable. Bitcoin is superior to paper money in that is more easily divisible, immune to counterfeiting, especially by the BORG and highly portable crossing international boundaries in milliseconds with the possibility of being intercepted. It’s simply a digital age solution to a industrial age problem. I have been following Simon Black for a few years he speaks the truth and seems to be coming around to Bitcoin in his podcast.