MSTR baited

We are getting a giant Bitcoin bank, HOORAY! Michael Saylor fanboys are getting wet dreams from Saylor Moon and we seem to be at the forefront of a wild December month.

Next month it will be exactly 10 years I personally live unbanked and I'm planning a special give-away for that reason. I'm thinking 10 ZANO will be a good amount that doesn't overdo it. Because I try to avoid the banking system as much as possible I have to be willing to use different forms of money to manage my finances. Let me first make clear that I perform most of my transaction with cash debt currency. I have some places who know me and where I can spend crypto, but because Serbia has many exchange offices who perform bank transactions, bills like electricity can be payed on the street. 

Getting rich from Bitcoin has not really been a motivation for me. Sure, I can also see how we are living in a time that debt creation is happening by the millions per minute and how this will most likely cause the value of Bitcoin to exceed 1 million dollars per coin one day, but my search for something different has mostly been motivated by my disgust of our current form of organizing things. Our money system plays a major role in that, but my feelings don't end there. If a system requires force to be maintained it is not durable. My motivation to make the switch to crypto is to build something better from the existing model. Not in terms of control, but in terms of durability. The best way to prevent fraud or corruption is to build a standard in which such practice is impossible to achieve or comes with such a cost so that it doesn't live up to the reward.

When I first encountered Bitcoin I didn't understand it. Even after reading the whitepaper it was a lot of abracadabra so I decided to spend some money and try it out for myself. I was hopeful Bitcoin was the right way forward, but the year 2024 so far shows me how Bitcoin is not perfect and moving into a wrong and dangerous direction. Bitcoin is a very powerful invention, as much as it can be used for good, the same can be said for using it for evil purposes. I do understand good and evil are two relative measures, what is good for one can be bad for somebody else. Taking into account my aim for durability, the connection Bitcoin is now making with traditional finance is the wrong turn in my opinion.  

Don't get me wrong, I'm happy for all those Saylor moonboy marxmimalists who have been eating noodles for years and cutting their own hair, just so they can stack some extra sats to their hodl stack. I'm very happy about my diversified portfolio and not in any way do I feel like I'm losing out if the market price of a certain coin is currently not performing as well as Bitcoin. What a lot of these sat stackers don't realize is that by using bitcoin as an extension to debt currency, they are slowly building a digital prison for themselves. Sure, if you are mining Bitcoin today you will receive your coins completely pseudonymous without any legal name attached to it and if you invest into building your own network that accepts those coins from you, no government ever has to find out about your spending, but let's face it, that is not the way how most people use Bitcoin today. Hardly any consumer is involved in Bitcoin, let alone crypto and most of that group performs about 1 transaction per month, when they receive their salary and add to their stack of satoshi's by converting some of the debt currency to a centralized exchange which follows KYC and AML procedures, in some countries that means only 1 withdrawal address per cryptocoin is allowed. 

Blockchain technology allows us to organize ourselves different, but the current reward goes to all who aim to make it fit into the traditional way of operation. While crypto as a whole is projected as a scam, Bitcoin has now managed to form a league of its own by taking the direction of obedience. Let's be clear, Bitcoin by itself has no other choice but to go that direction. It's limited capacity requires centralized management for it to function and only very little seem to notice this central management of companies like Microstrategies, Binance or Coinbase can be decentralized if we choose to use protocols like Litecoin, DOGEcoin or communitycoins like eGulden EFL. Even if Bitcoin could scale, like I'm sure many BCH advocates are going to state, you should be welcoming anybody who believes they can service a specific community and connects their niche to your standard. Instead of aiming for personal gain, my goal is to establish a new standard of living in which debt creation plays a much less significant role than today.

I could go on by stating how big holders like Microstrategies pose a threat to the network, but to me, the much bigger risk is that all those coins are stuck in one place, even if that means the coins themselves are owned by 1000's of individuals. When a country like the USA states it is going to create a Bitcoin reserve, all it needs to do is to confiscate the BTC holdings of those companies with a USA jurisdiction and all those ETF contracts will simply be closed and payed for with debt currency, just like the contract already promises today. It's great to see the numbers go up, but the bigger fool who is causing for it has it's debt currency locked up in a system that only cares about the paper reality imposed by governments worldwide. By depending on these companies, we become dependent and more vulnerable.

I know I've set my bar pretty high, but personally I prefer to aim high and miss instead of aiming for a low target and hit it. On top of that, the Proof of Community side quest I completed earlier this year resulted in me owning a house which I just stacked full of wood to last a winter. I don't need to write these blogs, but if I end up building Liberland Marina because of it, it's yet another legitimization for the decentralized ideas I believe in. Sure, that harbor is probably still going to require you to show your government ID to travel, but I do not expect to achieve my goals overnight and just try to make steps in the right direction. The Liberland Marina project is more of a conversation starter than the end goal. I'm unaware of the amount of likeminded people, but what I do know is that there is only 1 Yoshi Livo that wants to build a Liberland Marina. By crowdfunding myself with use of eGulden EFL I hope to inspire a Dutch community to follow my lead by making a change in their personal economies. Anybody who wants to help me reach my goal can start buying EFL on the open market, or directly from me on Komodo and with enough support, I believe my words can reach a much bigger audience compared what we are used to today. I want to make a connection to my fellow peers and show them how they have a choice. Instead of a couple of insider who take their profit on the cost of others we can achieve so much more.