A ponzi scheme is driven by men. Bitcoin is driven by a machine we call the internet; A giant electric schism that connects the world. I would argue it is the singal most important foundation to a harmonic future for all mankind. Protecting its existence is in everybody's self interest.
The internet itself, as an asset base, of real physical resources such as androids and iPods, satellites and transmitting towers is natuarally decentralized and owes its value to the daily demands of an internet hungry society. So I suggest that within that panopticon of physical resources, sustained employment in many sectors from labor to higher education, and exponential interest in colluding with this technology through voluntary participation, that the inherent value of bitcoin is quantifiable. What would be the value of a bitcoin if it was inherently tied to securing the internet from evil and survival of itself? Bitcoin as a currency on the internet has the most interest in seeing that infrastructure sustain, despite borders or politics, war or peace, poverty or wealth. The free internet, like bitcoin, is for people regardless of any physical or spiritual preferences. I no longer need to say "bitcoin" or "the internet" as to me they are inherently tied and one is none without the other. Before bitcoin it was though society had been cooperating to bring the internet to where it is today, to a valued economy, and it has now outgrown that parentage. It is moving out and earning its own money, its own unconscious growth is even gaining intelligence. Yes, we have created a monster or a savior and though it has survived thus far and seems over-powering and unruly at times, it is still held at bay by man and his soul in the machine.
The same soul that drives the programmers and whistleblowers of free impartial information and freedom for all. The same souls that build the wires and the towers. The same soul as Tesla and Einstein, Shakespeare and Bach. A wild human soul that connects us all and aches for freedom and peacefulness. This is bitcoin, the internet, mans soul and the interconnectedness of all the same values.
So where is bitcoin now? Most are still speculating or unaware, distracted by the myriads of spin and media, mis-informed and centrally controlled. Bitcoin is the consciousness that is born of knowledge. The ship on the sea that the natives could not see until the shaman told them it was there. In bitcoin we are but an audience watching a hero take its adventure. To return glorious and unscathed in a decade will prove to all it has powers far greater than Man can place before its unconscious consensus of truth. We are man and machine looking for balance and truth.
A ponzi scheme has no philosophy, no intrinsic good, no hero's adventure supported by a whole. It does not work in balanced economics and it is controlled from a center. Bitcoin is none of this and so much more. We have only stubbed our toe on a diamond ten feet tall.
Will Kane
@frankkane
