{"id":793,"date":"2018-06-23T12:09:34","date_gmt":"2018-06-23T11:09:34","guid":{"rendered":"http:\/\/www.wasteyourtime.co\/?p=793"},"modified":"2020-05-03T16:19:56","modified_gmt":"2020-05-03T15:19:56","slug":"freedom-utopia","status":"publish","type":"post","link":"https:\/\/traders-paradise.com\/magazine\/2018\/06\/freedom-utopia\/","title":{"rendered":"Freedom or Utopia? Leftist Or Left-leaning?"},"content":{"rendered":"<p style=\"text-align: right;\"><i><span style=\"font-weight: 400;\">\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 3 min read<\/span><\/i><\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_74 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/traders-paradise.com\/magazine\/2018\/06\/freedom-utopia\/#Freedom_or_utopia_what_is_Bitcoin\" >Freedom or utopia, what is Bitcoin?<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/traders-paradise.com\/magazine\/2018\/06\/freedom-utopia\/#Bitcoin_is_a_recipe_an_idea_an_algorithm_Freedom_not_utopia\" >Bitcoin is a recipe, an idea, an algorithm. Freedom, not utopia.<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/traders-paradise.com\/magazine\/2018\/06\/freedom-utopia\/#After_9_years_we_are_speaking_about_the_social_and_political_importance_of_Bitcoin\" >After 9 years we are speaking about the social and political importance of Bitcoin.<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/traders-paradise.com\/magazine\/2018\/06\/freedom-utopia\/#IT_BECOME_TOO_EXPENSIVE_ONLY_RICH_CAN_AFFORD\" >IT BECOME TOO EXPENSIVE. ONLY RICH CAN AFFORD.<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/traders-paradise.com\/magazine\/2018\/06\/freedom-utopia\/#AND_THEN_WHAT_WAITING_FOR_IT_TO_GROW_THEN_TO_SELL\" >AND THEN WHAT? WAITING FOR IT TO GROW, THEN TO SELL?<\/a><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/traders-paradise.com\/magazine\/2018\/06\/freedom-utopia\/#THIS_IS_A_BUBBLE\" >THIS IS A BUBBLE!<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/traders-paradise.com\/magazine\/2018\/06\/freedom-utopia\/#COUNTRIES_WILL_NOT_ALLOW_THIS_GAME_TO_PLAY\" >COUNTRIES WILL NOT ALLOW THIS GAME TO PLAY<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Freedom_or_utopia_what_is_Bitcoin\"><\/span><strong>Freedom or utopia, what is Bitcoin?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p style=\"text-align: right;\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-794 aligncenter\" src=\"http:\/\/traders-paradise.com\/magazine\/wp-content\/uploads\/leftist-e1529752419557.png\" alt=\"\" width=\"808\" height=\"404\" \/><\/p>\n<p><span style=\"font-weight: 400;\">Freedom or utopia, fraud or bubble, you could hear that so many times.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">It was one of the worst months for stock markets. In one of its articles, CNN called that month &#8220;Red October&#8221;. The global economic crisis was in full swing. Right at the end of that month, October 31, 2008, a document titled &#8220;<\/span><b><i>Bitcoin: A Peer-to-Peer Electronic Cash System<\/i><\/b><span style=\"font-weight: 400;\">&#8221; appeared on the internet, which on the eight sides briefly describes an entirely new type of money &#8211; Bitcoin.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The origin of this document is covered with a veil of mystery. Some think that its creator deliberately waited for the existing financial system to fall into a deep crisis so that <a href=\"https:\/\/traders-paradise.com\/magazine\/2018\/07\/why-use-bitcoin\/\">people would be more open to the alternative<\/a> offered by him. Others think that the phenomenon of appearance is just in the midst of a financial crisis is just a coincidence.<\/span><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-799 alignright\" src=\"http:\/\/traders-paradise.com\/magazine\/wp-content\/uploads\/orig-doc-e1529752682223.png\" alt=\"\" width=\"300\" height=\"235\" \/><span style=\"font-weight: 400;\">The only man who could solve this mystery, his creator, is himself quite mysterious. It is represented as <\/span><i><span style=\"font-weight: 400;\">Satoshi Nakamoto,<\/span><\/i><span style=\"font-weight: 400;\"> but his real identity, as well as his location, stayed unknown, despite many attempts to discover who is behind the Bitcoin. Irrelevant. &#8220;Behind it&#8221; is only open and accessible to all program code. <\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Bitcoin_is_a_recipe_an_idea_an_algorithm_Freedom_not_utopia\"><\/span><b><i>Bitcoin is a recipe, an idea, an algorithm. Freedom, not utopia.<\/i><\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">Freedom or utopia? It&#8217;s not a legal entity.\u00a0So many qualifications, worse after a bad one.\u00a0<\/span><span style=\"font-weight: 400;\">Is it important who actually was <\/span><i><span style=\"font-weight: 400;\">Pythagoras<\/span><\/i><span style=\"font-weight: 400;\">? <\/span><i><span style=\"font-weight: 400;\">Francis Bacon<\/span><\/i><span style=\"font-weight: 400;\">? <\/span><i><span style=\"font-weight: 400;\">William Shakespeare<\/span><\/i><span style=\"font-weight: 400;\">?<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The currency was created on January 2009, but in the first 16 months of its existence, nothing was actually paid with Bitcoins. Only on May 22, 2010, for the first time, something tangible was paid by Bitcoin. Specifically, <\/span><i><span style=\"font-weight: 400;\">Mr. Laslo<\/span><\/i><span style=\"font-weight: 400;\"> paid 10,000 bucks for two pizzas that day. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">Since then, the <\/span><i><span style=\"font-weight: 400;\">Bitcoin community<\/span><\/i><span style=\"font-weight: 400;\"> has been celebrating May 22 as &#8220;<\/span><b><i>Bitcoin&#8217;s Pizza Day<\/i><\/b><span style=\"font-weight: 400;\">&#8220;. The big question is how much <\/span><i><span style=\"font-weight: 400;\">Laslo<\/span><\/i><span style=\"font-weight: 400;\"> himself is for celebrating. He became part of the battle of history, but this entry in history cost him a lot. Those 10,000 Bitcoins at the time of writing this article worth more than $65 millions!<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"After_9_years_we_are_speaking_about_the_social_and_political_importance_of_Bitcoin\"><\/span><b>After 9 years we are speaking about the social and political importance of Bitcoin.<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">As a form of money, Bitcoin should be viewed in the <a href=\"https:\/\/traders-paradise.com\/magazine\/2018\/06\/financial-freedom-viva-la-crypto\/\">context of changes<\/a> in the global monetary landscape of <\/span><i><span style=\"font-weight: 400;\">Bretton Woods<\/span><\/i><span style=\"font-weight: 400;\"> in the early 1970s. Since then, it has been increasingly difficult to manage national currencies, given the incredible growth of financial instruments produced by banks and other complex financial institutions operating in a global environment. <\/span><\/p>\n<blockquote><p><span style=\"font-weight: 400;\">These are the events <\/span><i><span style=\"font-weight: 400;\">Susan Strange <\/span><\/i><span style=\"font-weight: 400;\">spoke about in books, such as <\/span><b><i>Casino Capitalism<\/i><\/b><span style=\"font-weight: 400;\"> (1986), and <\/span><b><i>Mad Money: When Markets Outgrow Governments<\/i><\/b><span style=\"font-weight: 400;\"> (1998). She warned that the states, as a rule through central banks, were increasingly unable to control the circulation of funds by instruments that were specifically developed to deal with the risks that arose when the same countries abandoned the exchange rate control.<\/span><\/p><\/blockquote>\n<p><span style=\"font-weight: 400;\">Money, which she viewed through the classic definition of <\/span><i><span style=\"font-weight: 400;\">Georg Simmel<\/span><\/i><span style=\"font-weight: 400;\"> as a &#8220;social deal&#8221;, was endangered by a series of sophisticated financial instruments designed to control global risks. It seems that many of these new instruments, such as derivatives, act in their own way as forms of money. In the revolutionary book <\/span><b><i>Capitalism With Derivatives<\/i><\/b><span style=\"font-weight: 400;\">, <\/span><i><span style=\"font-weight: 400;\">Dick Bryan<\/span><\/i><span style=\"font-weight: 400;\"> and<\/span><i><span style=\"font-weight: 400;\"> Michael Rafferty l<\/span><\/i><span style=\"font-weight: 400;\">ater argued that derivatives were &#8220;<\/span><b><i>a new type of money that now becomes an anchor to the global financial system.<\/i><\/b><span style=\"font-weight: 400;\">&#8220;<\/span><\/p>\n<p><span style=\"font-weight: 400;\">One cryptocurrency, such as Bitcoin, offers answers to many types of reviews of the monetary system as it is now configured &#8211; although the answers do not go in the same direction as criticism. Knowing all reasons that support Bitcoin, there are intriguing and obvious opposite political and ideological alliances around the cryptocurrency in general.\u00a0That&#8217;s where the question Freedom or Utopia arise.<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"IT_BECOME_TOO_EXPENSIVE_ONLY_RICH_CAN_AFFORD\"><\/span><b>IT BECOME TOO EXPENSIVE. ONLY RICH CAN AFFORD.<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">Money with two decimals is only a historical consequence. It&#8217;s not a natural law that money must have only two decimals. Bitcoin is split into a hundred million parts. You can buy, for example, a thousand pieces of coin for 15 euros or dollars. Less than 1% of people on the planet can have more than one Bitcoin.<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"AND_THEN_WHAT_WAITING_FOR_IT_TO_GROW_THEN_TO_SELL\"><\/span><b>AND THEN WHAT? WAITING FOR IT TO GROW, THEN TO SELL?<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">Not. You have a chance that your old man did not have. To save something that no single dictator can deny you, a taxpayer or a perpetrator will be seized, the banking officer will refuse, forward it. Every day there is an ever-increasing and widespread payment facility. Wait till we&#8217;re exchanging parts of bitcoins at a local flea market.<\/span><\/p>\n<h4><span class=\"ez-toc-section\" id=\"THIS_IS_A_BUBBLE\"><\/span><b>THIS IS A BUBBLE!<\/b><span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p><span style=\"font-weight: 400;\">Then pop it!<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Bitcoin has had 4 bubbles so far. <\/span><\/p>\n<p><i><span style=\"font-weight: 400;\">The first<\/span><\/i><span style=\"font-weight: 400;\"> was July 2010, when he jumped from $ 0.008 to $ 0.08.<\/span><\/p>\n<p><i><span style=\"font-weight: 400;\">The othe<\/span><\/i><span style=\"font-weight: 400;\">r was the &#8220;Big Bubble 2011&#8221;, from $ 0.06 to $ 31, then dropped to $ 5.<\/span><\/p>\n<p><i><span style=\"font-weight: 400;\">The third<\/span><\/i><span style=\"font-weight: 400;\"> was in April 2013, from $ 20 to $ 280, when Cypriot banks rescued floating client deposits.<\/span><\/p>\n<p><i><span style=\"font-weight: 400;\">The fourth<\/span><\/i><span style=\"font-weight: 400;\"> was a major crisis of the MtGox Stock Exchange in November 2013 when it jumped from $ 70 to $ 1,200, and a few months later it fell to $ 200.\u00a0<\/span><\/p>\n<blockquote><p><span style=\"font-weight: 400;\">Bitcoin is, of course, now in the bubble, which is called the only freely unregulated market in the world. The multi-year trend of growth of Bitcoin values follows <\/span><b><i>Metcalfe&#8217;s law<\/i><\/b><span style=\"font-weight: 400;\"> on the value of the network. But on a small scale, this <a href=\"https:\/\/traders-paradise.com\/magazine\/2018\/11\/cryptocurrency-market\/\">value is very volatile<\/a>, as networks grow in bouts, and on each of them there is a struggle of fear and greed and a new disclosure of a fair price. Do not forget <\/span><i><span style=\"font-weight: 400;\">Keynes&#8217;s<\/span><\/i><span style=\"font-weight: 400;\"> investment advice: &#8220;<\/span><b><i>The market can remain irrational longer than you can remain solvent<\/i><\/b><span style=\"font-weight: 400;\">&#8220;.<\/span><\/p><\/blockquote>\n<h3><span class=\"ez-toc-section\" id=\"COUNTRIES_WILL_NOT_ALLOW_THIS_GAME_TO_PLAY\"><\/span><b>COUNTRIES WILL NOT ALLOW THIS GAME TO PLAY<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">This argument more testifies to the inferiority of the one who pronounces it than about the power of governments. Here is a list of some state bans so far: the printing press, free elections, power-sharing, stripes, alcohol, sucrose, gramophone, gold, homosexuality, marijuana, pornography.\u00a0<\/span><\/p>\n<p>So, will we really need to talk about Freedom or Utopia? Now, after all?<\/p>\n<p><span style=\"font-weight: 400;\">Only the governments and the banking cartel can try to morally outline the idea in the hope that most of us will believe: terrorism, pedophilia and, of course, the favorite oppressive law, the successor to <\/span><i><span style=\"font-weight: 400;\">Socrates<\/span><\/i><span style=\"font-weight: 400;\">&#8216; defect of youth, his predicate highness: money laundering.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">But, <\/span><b><i>without most of us<\/i><\/b><span style=\"font-weight: 400;\">, these are just paper dragons. Don&#8217;t forget the first lesson about an enlightened man from the Renaissance period: <\/span><b><i>You are not the object of history, you are the subject that changes it.<\/i><\/b><\/p>\n<blockquote><p><span style=\"font-weight: 400;\">When in 2000, <\/span><i><span style=\"font-weight: 400;\">Lars Ulrich <\/span><\/i><span style=\"font-weight: 400;\">( Metallica) was tearful in front of the <\/span><i><span style=\"font-weight: 400;\">Senate Board<\/span><\/i><span style=\"font-weight: 400;\"> for his intellectual property in the <\/span><i><span style=\"font-weight: 400;\">Napster case<\/span><\/i><span style=\"font-weight: 400;\">, a coder called as an expert, warned the US government: &#8220;<\/span><b><i>Forbid Napster, and something more horrible will appear<\/i><\/b><span style=\"font-weight: 400;\">.&#8221; <\/span><\/p><\/blockquote>\n<p><span style=\"font-weight: 400;\">They turned it off. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">And that same month, they received a BitTorrent <a href=\"https:\/\/traders-paradise.com\/magazine\/2018\/10\/blockchain-2\/\">protocol<\/a>, which today is, among other things, an inevitable part of the <\/span><a href=\"https:\/\/traders-paradise.com\/magazine\/2018\/10\/blockchain\/\"><b><i>Bitcoin protocol<\/i><\/b><\/a><span style=\"font-weight: 400;\">.<\/span><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-801 alignleft\" src=\"http:\/\/traders-paradise.com\/magazine\/wp-content\/uploads\/victor-hugo-e1529752881732.jpg\" alt=\"\" width=\"215\" height=\"215\" \/><span style=\"font-weight: 400;\">For, as <\/span><a href=\"https:\/\/en.wikipedia.org\/wiki\/Victor_Hugo\"><i><span style=\"font-weight: 400;\">Victor Hugo<\/span><\/i><\/a><span style=\"font-weight: 400;\"> said, &#8220;<\/span><b><i>No army can stop an idea whose time has come<\/i><\/b><span style=\"font-weight: 400;\">.&#8221;<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Attempting to ban Bitcoin is just as an attempt to ban swearing or a word for dots.<\/span><br \/>\nBitcoin isn&#8217;t utopia, it is <a href=\"https:\/\/traders-paradise.com\/magazine\/2019\/02\/twitter-ceo-bitcoin-internet\/\">freedom<\/a>.<\/p>\n<p><span style=\"font-weight: 400;\">Do you agree?\u00a0<\/span><br \/>\n<a href=\"https:\/\/traders-paradise.com\/recommends\/city_index_uk\/\" target=\"_blank\" rel=\"noopener noreferrer\"><br \/>\n<img decoding=\"async\" class=\"size-full\" src=\"http:\/\/traders-paradise.com\/magazine\/wp-content\/uploads\/Facebook-Ads.png\" alt=\"\" \/><br \/>\n<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 3 min read Freedom or utopia, what is Bitcoin? Freedom or utopia, fraud or bubble, you could hear that so many times. It was one of the worst months for stock markets. In one of its articles, [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":16721,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"content-type":"","_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":""},"categories":[1034,1029],"tags":[75,79,84,81,85],"class_list":["post-793","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrencies-where-to-invest","category-where-to-invest","tag-bitcoin","tag-financial-freedom","tag-fraud","tag-freedom","tag-utopia"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Freedom or Utopia? 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