Currency of the Future?

Written By Brian Hicks

Posted December 17, 2013

I wanted to share my opinion on Bitcoin, as the digital currency has performed better than most investments in the last year.

Had you bought BitCoin just a year ago, you’d be sitting on a profit of around 10 times your initial investment.

As speculators, we are always looking for something that can generate profits like this. So, what is the bottom line on this so called “digital currency of the future”?

When I first heard of Bitcoin several years ago, my initial reaction was that it was just another form of fiat funny money that had all the trappings of another tulip mania.

However, I admit this was very short-sighted on my part, and I should have investigated further…

In reality, after studying the Bitcoin value proposition this past month, I believe there is real merit to this that everyone should understand.

As is true so often, there is good news and bad news.

First, the good news…

In my view, Bitcoin could be the biggest revolution in money in all of economic history if adopted in lieu of our current fiat monetary system.

The benefits to all of mankind would be enormous if allowed to flourish without government or bankster interference.

Currently, governments and their central banks have monopolistic control of our money with vested political, financial, and military interests in the existing system.

Bitcoins, on the other hand, are controlled and used by a decentralized group of people that can adopt and extend a digital currency to do just about anything. These people have a vested interest to make their currency stable, accountable to all, and totally transparent of any shenanigans.

What are Bitcoins, and how do they work?

Bitcoin is a revolutionary protocol for information synchronization, as the currency can precisely and chronologically order all database entries worldwide as well as check its validity without any central authority.

This is a major leap forward in thinking and computer science technology that guarantees authentic and valid data.

The transaction database that Bitcoins keeps synchronized worldwide is referred to as the blockchain. It is shareds by all nodes participating in a system based on the Bitcoin protocol. The blockchain acts like a giant accounting ledger, allowing the storage and transmission of financial information.

And in the Bitcoin environment, it is a public record that can include contracts without a third party (lawyers in this case).

Once I began to understand where this could go, the benefits could be incredible!

Those who put this together are absolutely brilliant — because the Bitcoin protocol eliminates the need for a third party to validate transactions in money for our society.

And the possibilities are astounding as to where this could go…

Astounding Possibilities

Think of all the third parties that would no longer be needed to handle financial transactions: banks, registries, brokers, wire agencies, financial services companies… and because contractual obligations can be included in a Bitcoin transaction, the need for lawyers would be greatly reduced.

In case you’re still confused on this point, the “coins” are actually data in cyberspace.

For a tangible asset guy like me, this is at first glance a bit challenging to grasp.

But from a liberty and freedom standpoint guy like myself, Bitcoin offers to free mankind from its shackles of government, lawyer, and financial services abuse. And that’s just for starters…

From there, it can be expanded in many ways that could fundamentally change the world and allow economic prosperity to be achieved on a level we have never known on this planet.

You must think how much money could be saved by eliminating third parties from financial transactions and dispute resolutions…

It’s a staggering number!

The blockchain is a general public record of ownership rights that is independently audited and verified by computers all over the world. The speed, accuracy of all financial transactions, and the associated information with those transactions would be unparalleled in all of economic history.

Let’s take another example with someone who wants to have a construction project built within 30 days…

The price and time frame could be agreed to ahead of time and put into the financial transaction as a contract. The monies could be paid up front, but the contract could stipulate that if the work was not completed satisfactorily within the agreed time frame, a certain amount of Bitcoins would automatically come back to the customer.

I think you can see now where this could go…

Yes, there would be a lot of people displaced from current jobs, but new ones would be created in this innovative economic paradigm where prosperity could be had by all who wanted to participate.

And now for the bad news…

The Bitcoin proposition, in my view, should be embraced by all of mankind who would like to see our societies break free from elitist central bank control that has dominated and abused money for so long.

The amount of wealth that has been stolen from the people by the elitist central banksters throughout history — and particularly within the last 100 years — is disgusting.

The truth is life for all of us would have been very different, had the likes of the Federal Reserve never been created.

For some perspective on this, I recently heard a speech John F. Kennedy gave trying to warn Americans and others who would listen why it was so important to get rid of these secret societies from amongst us. In my view, these are the people who wanted him dead.

When I look at the Bitcoin situation, I have to ask myself how likely it is that the powers that be are just going to roll over and allow a digital currency to displace them from all their obscene power, control, and profits…

Answer: It’s not going to happen without them having total control and domination over the whole thing.

From a free society standpoint, a true digital currency without such interference would be a boon to all of civilization.

But the powers that be are not going to give up their amazing power and cash generator (the current fiat currency scam) to help mankind move forward.

As a matter of fact, if you do your homework, you will find these jackals have suppressed all kinds of great technology in the past because it would have cut in on their sacred profits… and we can’t have something good happen for the people at the expense of the bankster pigs!

We the People vs. the Banksters

As much as I like what a true digital currency like Bitcoin represents in terms of moving forward, I don’t see it happening without bankster control, which in my opinion would ruin the best parts of what a digital currency could accomplish for the betterment of all.

In the end, it would give the banksters even more power, control, and profits over us than they now maintain.

We should fight against this abuse…

But the masses continue to sleep.

At some point, I would hope enough people become enlightened enough to steer this thing towards a system that could literally free mankind in a way we have never known.

A true digital currency in the hands of the right people could produce an honest monetary system that could have profound benefits. All good citizens of the world should want this.

But without taking the power to control money out of the hands of those who now control it, I don’t see any way those benefits can be realized.

Thus, if you own Bitcoins and have a nice profit, I would make sure I lock in those profits as soon as possible.

I think the powers that be are allowing this to go on in order to study it and figure out how they could eventually control it. Once they see it advantageous to themselves, it won’t be long before they get complete control of it.

If they don’t see any benefits in converting to a digital currency, then they will quickly shut it down as a competitor to their fiat currency scam.

In the end-game, it comes down to We the People vs. the Banksters.

As to who will prevail? History, unfortunately, is clearly on the side of the latter.

Until next time,

Greg McCoach for Wealth Daily

Angel Pub Investor Club Discord - Chat Now

Brian Hicks Premium

Introductory