Coins, tokens and shitcoins

Now that we have set the stage for the new series of streams: KingHONKspiritSEE - From clownworld to freakshow: Incometax = slavery - Free Roger Ver! it's time to align our definitions. Many people have a different understanding of crypto. I'm not here to tell you what is right or wrong, instead I'm going to explain you my understanding of the concept and give you my definitions. If you feel like your values align with mine, please consider participating in the upcoming streams, because the power of a crowd is the only power we have today.

10 Years ago I was debanked because of my involvement in crypto. I told myself never to own a bankaccount again in my life and so far I managed to pull it off. I've worked with a variety of different forms of currency and money and yes, I ofcourse also still use debt currency in cash form. I don't have the intention of living isolated, my goal is to show society around me a different solution is available that doesn't require violence and exclusion for it to function. I'm convinced, once people see the benefit of a different foundation, most people will happily make the switch to something better, but it's going to be quite the task!

 I all fairness, it has been an uphill battle so far. Society is highly corrupted by over a century of central banks and fractional reserve banking and most people have too much to lose to just make the switch to something new. Bitcoin is only 15 years old today and for me that means all of crypto is still an experiment that could fail at any moment. For that reason, if people ask me what is the best start, I always tell them to buy some precious metals like gold or silver as a start. The town near the Liberland Opposition Headquarters does not have a single business that accepts any form of crypto, but with gold and silver you got around 6 jewelers that each pay you a fair price, based on the spotmarket value of that moment. None of them require you to show any form of documentation like a passport, which I think is an important aspect of this particular blogpost. 

When I bought my first Bitcoins for just under 10$ on MtGox, I had to identify myself to open an account with the Mt. Gox exchange. After that registration I was free to withdraw my bitcoins to any address I wanted to. After the company went bankrupt in 2014 I basically stopped buying bitcoin in my name. Today I don't have any registered account on my name. It has cost me a lot, I lost well over 500 bitcoins on various exchanges that just disappeared overnight, cryptsy.com being the biggest one of them all. Today, I only use the Komodo Platform for my trades, this is a platform that allows for p2p transactions in-between blockchains. You are not required to trust any 3rd party and with use of this platform I funded the acquisition of the Liberland Opposition Headquarters with use of the Dutch Bitcoin, eGulden EFL.

Blockchain technology gives humanity a huge opportunity to free themselves from the ever expanding debt cycle, but also forms one of the biggest threats to our collective freedom. Since 2017 traditional finance got involved in the crypto economy and they have successfully changed the narrative of Bitcoin from "freedom money" to "digital gold." I welcome you to read the book "Hijacking Bitcoin" for a more detailed explanation. Or watch a podcast where the book is explained.

Most people who are active in crypto today are not interested in building an alternative economy that doesn't require the use of violence and exclusion for it to function. Instead of abandoning the double standard of monetary apartheid people just want to make sure they are on the "good" side of that double standard so they can profit from it for their personal gain. This is the main reason why I have started this new series of streams. I believe the story of Liberlander Yoshi Livo and communitycoins has all it takes to change the narrative back to a more hopeful outlook for all who want humanity to experience a bit more freedom. You would be surprised how small that group actually is, most people can't take the responsibility that comes along with that freedom. The time to act is running out, I predict within 24 months regulations for stablecoin and the introduction of a digital ID will make my future attempts obsolete. Once all the on and off ramps of debt based currencies are completely locked down it will become significantly harder to build an alternative value system. This is why I'm starting this new series of streams, because as of today, I believe we are still able to change the narrative of Bitcoin being digital gold and so called "stablecoins" the way on how to spend them.

So let's set the record straight and mention some definitions I use. First of, coins. Coins are crypto protocols that host their own blockchain. Examples are Bitcoin, Litecoin, Ethereum or eGulden EFL. Each protocol stand on its own and can have different technologies and emission schemes. There can be an endless variation inbetween coins, but what they all have in common is that they are their own network that stands alone and functions because a community is putting in the effort it takes to maintain the network.

Second we have tokens. Tokens work different from coins because they are being hosted on top of the blockchain of a coin. The most well known example are erc-20 tokens that utilize the ethereum network to function, but many different variations exist. Another difference between coins and tokens that all tokens have in common is that tokens function with a contract address. A single owner, which could also be a company or a group of people, can launch their own token. Because of that, tokens are more centralized and start with the contract owner being in control of whatever happens with their token. Memecoins or stablecoins are named as coins, but by my definition most of them are tokens because they dont have their own blockchain. Stablecoins are now mentioned as the next big thing, but for me they fall into the last category I want to mention in this blogpost, shitcoins.

Shitcoins exist. They are based on debt and require violence and exclusion for them to function. Shitcoins are the reason why Bitcoin started, and are used on a daily basis by people from around the world. The most well known shitcoin is the US dollar, people in Europe are more familiar with the euro. The bitcoin maximalist victims of the digital gold narrative often refer to shitcoins as any form of crypto that is not bitcoin and those maximalists are funding their own digital prison by cheering for ever growing government regulations that drive bitcoin further away from its main goal as alternative to those debt currency shitcoins. 

We have lived in extreme times for over a century. Most people don't realize the violence that is required as a foundation for their daily lives. We can't blame people for being ignorant, but instead have to build such strong alternatives that they can't be ignored. The people who get it are in such a minority that extreme solutions are required. Personally, every solution that doesn't require violence and exclusion deserves my attention. In my journey the most important guide I follow is my gut instinct, if it doesnt feel right in that moment, just say no. That is my version of freedom, the ability to say no. Today, I say no to a Genius act, because we can do better. The real profit doesn't come from monetary gain, its our society that benefits. I've been unsuccessful in delivering my message for the past 10 years, mostly because I was naive and had too much faith in people. This time things are different, I am building a harbor near Liberland and I know exactly how it's going to happen, because I can already see it and this time I'm starting from a much more solid foundation.