The bitcoin war against the fiat banks

The bitcoin paper, the very gospel of bitcoin, says:

A purely peer-to-peer version of electronic cash would allow online payments to be sent directly from one party to another without going through a financial institution.

This is nothing more nor less than a declaration of war on these “financial institutions”, the fiat banks.

Furthermore, in a previous blog post, I demonstrated that bitcoin is in a zero-sum game with the fiat banks. If we win, they lose, and the other way around. If bitcoin does not attack the fiat banks, the fiat banks will attack us. That is why we have no other choice than treating the fiat banks as our sworn enemies.

In other words, the essence of the bitcoin agenda is the all-out war against the fiat banks.

It is necessary to keep the fiat banks under fire, in order to make sure that they have no time to plot and conspire against us. People struggling for their sheer survival have no time to plan for elaborate offensives against their enemies. We must keep pushing them under, so that all they can do, is to barely avoid drowning. Seriously, every time they manage to reach the surface of the water and emerge their heads, it will cost us money. If I happen to have no time to push them under again, then you do it. I know that I can count on you.

The bitcoin crowd is currently a rather small, distributed, but highly-technological clan. I suspect that we have less than one million individuals fighting on our side. The fiat banks have more power and more money than us. But then again, their money is of little use in this war. The goal of the war is exactly to redefine what the term ‘money’ means in such a way that their fiat money will be out. Indeed, the very purpose of the entire bitcoin initiative is to turn their little sheets of fiat currency into worthless Mickey Mouse tokens. In fact, at the basis, fiat money already is. Fiat money is naturally worthless. We just need to convince the public that they should think so too.

We have two powerful natural allies in this war.

The “Occupy Wall Street” lower-income classes already believe that the fiat banks are ripping them off. That is probably true. But then again, we still need to convince the lower-income masses that using bitcoin wherever and whenever they can, is an ideal method to stab back at the fiat banks. It is simply a way for them of getting even. If we manage to galvanize the lower-income class’ hatred against the fiat banks, these fiat banks will be very busy. Putting up defenses against the ire of the lower-income classes will again become their full-time job.

The religious crowd does not like the fiat banks either.

On the Christian side we have the Papal bull, Vix pervenit, On Usury and Other Dishonest Profit, that condemns the sinful practices by covetous and grasping men: the fiat bankers. On the Muslim side, the Islamic resentment towards fiat banks is also well known. The fiat banks’ riba (usury) practices are considered absolutely detestable in Islam. Seriously, fiat bankers have a status in religion that is lower than the one of prostitutes.

In the greater light of things, why would we, the bitcoin clan, have to expend so much effort in sinking the fiat banks?

There are billions of people willing and very capable of doing that job for us. All we need to do, is to convince them that, one, they should do what they are supposed to do anyway, and two, that using bitcoin whenever they can, is the most straightforward way for them to express their well-known negative feelings towards the fiat banks.

If we manage to galvanize their existing enemies against them, the war will soon be over. Then, we can invite the fiat bankers to the Missouri, our battleship anchored in the Bay of Tokyo, to sign the instrument of surrender.

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eriksank

I mostly work on an alternative bitcoin marketplace -and exchange applications. I am sometimes available for new commercial projects but rather unlikely right now.

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