Don’t sell your bitcoins
Don’t sell your bitcoins
12 June 2018 • 9 min. read

Don’t sell your bitcoins

2800 1867 Robbie Coach

I have friends, as everyone does, who are proponents of cryptocurrencies only when they make money on them, but when the exchange quotations go down, they don’t spare headlines such as ‘Bitcoin has died – the bubble burst’. What does not surprise me is that their relationships and all difficult life situations look the same. When an obstacle appears on the road, instead of efficiently bypass it, wait it out or look for an alternative solution, they hate it and return home, but only to be able to hate it even more.

When the shit hits the fan, some guys run and some guys stay

It’s not a secret that a friend in need is a friend indeed. Relationships mostly bond during the hardest times. Sportsmen reach their biggest victories in pain and the most efficient companies step out during crisis times.

In the times of Bitcoin crisis, I wrote a poem. The leitmotif was to be a simple message. Simple and understandable enough, that every person feeding on information from CNN would be able to understand it and not lose their savings that had been collected for many years for education of their children and in result, under the influence of emotions (because of having a zero understanding of that technology) deposited on Bitcoins in one of the most inflated periods and just before the spectacular declines.

Returning to the poem…

If you don’t starve, don’t sell your Bitcoins. If you have a roof over your head, don’t sell your Bitcoins. If your dog doesn’t eat at your neighbour’s place, don’t sell your Bitcoins. If your wife or girlfriend doesn’t do it either, don’t sell your Bitcoins. If the currency rate drops like the viewership of a weak TV show, don’t sell your Bitcoins. If the rate reaches the next summits, don’t sell your Bitcoins. If you’re worried that one day Bitcoin drops to zero, don’t sell your Bitcoins. If you hear on the news that Bitcoin is a scam, don’t sell your Bitcoins. If JPMorgan or Pocahontas comments negatively on cryptocurrencies, don’t sell your Bitcoins. If everyone around you starts to sell their Bitcoins, do not sell your Bitcoins.

Because Bitcoin is something more than just money, it’s a community of people deeply believing in a revolution. Only the lack of greed can free us from artificially pumped speculations of the big institutions.

Eroding trust for the institutions starts to move towards the law of mathematics and cryptography.

If Johan Palmstruch the first bankster in the world and the father of all banksters could describe the darkest vision for the financial system, it would undoubtedly be characterised by:

  • Globality and full decentralisation that would prevent control and supervision by third parties, resistance to misfunction and fraud.
  • Transparency and the ability to inspect any completed transaction.
  • Resistance to inflation – no possibility of money printing.
  • Efficiency and reliability. Transfers made within a second. The process does not require any great institutions such as banks and any additional commission charged by them. Transactions take place directly between portfolios and the only limitation is the internet access.
  • Working efficiently despite limitations resulting from: time zones, distance barriers or legal regulations.
  • Ease of use comparable to sending an e-mail.
  • No institution has the ability to ‘freeze’ or close our bills, regardless if it is a tax office or bank that does not approve of our transactions, or even believes them to be suspicious and conducive to money laundering or financing of terrorism.
  • Full automation based on absolute laws of cryptographic algorithms and powerful mathematics. Its operation is uninterrupted, 24 hours a day, 365 days a year.
  • Keeping the account is completely free and there are no contraindications to having multiple bills for one person; and the process of making such account is comparable to setting up a Facebook account.
  • Also the possibility of being anonymous.

And all of this is managed by the greatest supercomputer in the world with a computing power of more than 500 biggest supercomputers in the world combined. It is the cryptographic power that the richest countries, the army, or even NASA can only dream about – all of this is based on trust that the Open Source technology provides.

*Resource: imf.org

The people you are after are the people you depend on

Big institutions such as banks will not give up easily, they know well that those who control the money also have the power. Large corporations join the race and in a month or a year companies such as Google or Facebook will have a monopoly on their own cryptocurrency.

Some governments prohibit cryptocurrencies, impose unrealistic taxes or make lives of the online exchange owners harder. They spend huge sums on warning spots that are intended to denigrate this industry. There are banks that close their customers’ accounts when they make transactions for cryptocurrencies. Google and Facebook block the advertisement of ICO and cryptocurrencies under the pretext of protecting their users – how do they care about us.

A scene from the film ‘Fight Club’ comes to my mind – when Tyler Durden with his gang kidnapped a man who was responsible for their investigation. He told him then: “Remember this. The people you’re trying to step on, we’re everyone you depend on. We’re the people who do your laundry and cook your food and serve your dinner. We make your bed. We guard you while you’re asleep. We drive the ambulances. We direct your call. We are cooks and taxi drivers and we know everything about you. We process your insurance claims and credit card charges. We control every part of your life. We are the middle children of history, raised by television to believe that someday we’ll be millionaires and movie stars and rock stars, but we won’t. And we’re just learning this fact. So, don’t fuck with us.”

What I like about this industry is that when it feels attacked, it can very quickly unite. That was the case for the Chinese politician who, by spreading false information about the supposed ban of cryptocurrencies, was accused of causing speculation on the market. This industry is incorruptible, as all the followers of Vitalik Butterin found out when he publicised the offer received from Google which invited him to cooperate on their own cryptocurrency. It is an industry full of young people – the people who manage IT systems, including governmental systems. The governments do not realise their data administrators also have cryptocurrencies. They are also hackers, programmers, and politicians, young and old entrepreneurs. They are billionaires from Dubai, they are billionairies from America. Even the Turkish imams have cryptocurrencies.

You should also remember that they are not just some random folks, but the people who are brave enough to invest in this innovative technology. We are a global society and if someone wants to mess with such a community, does not necessarily have the chance to win it. As Tyler Durden would say – Don’t fuck with us.

 


*Credit: cryptocurrency written by Michał Grzybkowski and Szczepan BentynBitcoin Live #xx by Szczepan Bentyn

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