Bitcoin & Precious Metals, The First Diversified Portfolio of the Rebel In History
For the first time in history, the rebel alliance can compile a diversified portfolio that reflects his or her inter-essences, that is interests. While not only can investments be made under the dominant financial system which undermine that system, such as physically delivered precious metals, mediums of exchange can nowadays also be taken outside that paradigm. German alternative analog world paper currencies have gained attention and velocity more-so than the digital, universal bitcoin, but it is the latter which is the first publicly traded, globally accepted currency, predisposing it to longer-term popularity.
The man in whose name millions were murdered, Karl Marx wrote of commodities:
A commodity is, in the first place, an object outside us, a thing that by its properties satisfies human wants of some sort or another. The nature of such wants, whether, for instance, they spring from the stomach or from fancy, makes no difference.
The nature of the need of virtual items such as bitcoin is that, first and foremost, in this day and age, we live in a “global village.” Although 90% of the population lives in the city, a meridian in the history of civilization, they can be in constant contact with each other. So why not setup a similar, p2p system to ensure constant transacting as well – full service, 24/7. It satisfies the desires of millions if not billions of individuals to step outside the dominant paradigm. It comes from the stomach and from fancy. Our stomachs, our instinct for self-preservation, tell us that our survival depends on an understanding and moral opposition to the way things are, and those who ensure they stay us as such. Our fancy, our style, tells us we better use the dancing or lose it.
Karl Marx’s definition of a commodity explains accurately also the state in which fiat currencies find themselves. They satisfy the wants of the majority well enough, but this status is grounded in force, and not choice. As Karl Marx states, this does not matter. So, the US Dollar has been chosen by the Empire to satisfy the wants and needs of the public at large. Out of the vacuum this creates for other means, bitcoin has arisen, in a manner somewhat different from the precious metals, but due to similar consciousnesses; consciousnesses which recognize the wants and need for another way of peace, tranquility and prosperity.
Historically, rebellions have depended on the dominant currency of a time and place or barter. Silver has been the poor man’s gold, but not all rebels are poor. A war on silver has also led to practical genocides against silver holders, as the United States experienced as the Crime of 1873. Silver does not offer the properties to be adopted by the general population as a mainstream medium of exchange. The most important of these properties, given the current socio-economic paradigm, is convenience. Silver is bulky, and takes currently too much work for the average person to send overseas in an exchange. Bitcoin solves this problem. Now bitcoins can be readily available to be sent in an exchange with the promise of other goods anywhere in the world, instantly. This automatically creates the monetary space for a worldwide and unified peace and freedom movement to evolve.
Today, with the advent of p2p currencies, in particular bitcoin, rebels have the option to quite literally boycott the entrenched financial system. Transactions can be entered into now across the world without the use of dominant financial institutions and their instruments. Like any competing currency, states and corporations will attack anything that resembles of a viable exchange option, unauthorized. Bitcoin will be made illegal and known users will be persecuted, even if it still exists on the black market as a useful option. At any rate, its framework will be compromised as the internet comes under totalitarianism.
Bitcoins and precious metals, for the rebel, can function not only as mediums of exchange for short-and-long distance transactions, but as insurance for one another. Bitcoins comes under attack due to SOPA and PIPA type legislation? That is what the precious metals are for. Precious metals, namely gold and silver, come under political attack and nationalization? That’s what the bitcoins are for. With precious metals, bitcoins can be insured. Bitcoins are off the record, but precious metals can be more so when he so held in personal possession. Furthermore, there is a distinct difference between gold and silver risk and platinum and palladium risk. Gold and silver, no matter the reasons, have been seen as money in each culture at some point. Platinum and palladium have not. Their risk parameters are therefore different.
Now the rebel can be so diversified that not only is his or her savings safer from economic volatility of the dominant financial system, but also safer from government seizure nationalization, etc. While bitcoin arrives on the scene as the first anarchic currency, it joins together with precious metals to compose what could be a diversified, anti-establishment portfolio. A free economy within the command-and-control, social-fascist paradigm.