Bitcoin And The Orange Party

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Bitcoin is for everyone. Not only is Bitcoin for everyone, Bitcoin is the first financial system that doesn’t even require you to be a human to use it. Eventually, inanimate objects, artificial intelligence scripts, self-driving vehicles and non-human intelligence alike will all be able to access the network by simply holding the private keys to a Bitcoin wallet. Deflationists and entrepreneurs are salivating at the bit for the economic implications of such an inclusionary system, but this enthusiasm is surprisingly not often shared by the very people you think would fight for such a development in the general access to savings technology; the modern American left. The anti-monopoly, anti-Wall Street disdain felt during Occupy Wall Street dissipated in the following decade into an old blue party helmed by careerist legislators fabulously enriched by their years of service to the country. Why would Hillary Clinton, a progressive icon and still formidable influence on American politics, come out against this open monetary network and instead instill fear of an emerging threat to the country’s reserve currency status? Why would Elizabeth Warren, a self-described enemy of big banks, ask for strict regulatory pressure on a technology bringing banking services to a country where nearly one quarter of adults are underbanked? Why would the authors of the Green New Deal turn away from the discourse of how an energy technology like Bitcoin could help monetize and finance a more efficient electrical grid, bringing cheaper power to millions of citizens struggling to pay bills against rising inflation? Bitcoin may be an apolitical protocol, incapable of censoring any transaction no matter what slogan or ideology you might slip into an OP_RETURN, but it is going to permanently shape the incentives of the modern American economy and, thus with it, the American political system.



Source link Bitcoin Magazine

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