I went to the Bitcoin Freedom Festival in Uvita, Costa Rica from January 18th through 20th. It was a unique occasion that differed from any bitcoin event I’ve ever gone to. There were over 30 speakers throughout the celebration so I won’t attempt to cover each however there was one session that stuck out and it included a panel of native females all who spoke through a translator. This panel stated 2 things on the last early morning which recorded the essence of the celebration. First, she made it clear they were directed by the Great Spirit to be there on that phase. [“I came because the Great Spirit opened the path” which included a car to the venue.] The wind talks to us, the water talks to us, the trees talk to us. Grandfather states, “always speak to that which gives us energy.” Some of these concepts may appear weird to the western mind, completely addicted to their screens and detached life.
BITCOIN IS NATURAL MONEY!
And then among the members of the panel explained bitcoin in such a way that I’d never ever heard before. She called it the natural coin or “natural money.” It was among those minutes when the blinding flash of the apparent hits you like a thunderbolt. “Bitcoin is natural money.” Hold it, did she state bitcoin is natural money? Holy crap “bitcoin IS natural money!!” The entirely oblivious say bitcoin is backed by absolutely nothing however that is so laughably incorrect there is no point even engaging with somebody who holds that uninformed view. Some bitcoiners like to state bitcoin is “money backed by energy” which numerous bitcoiners {most significantly Eric Yakes author of The 7th Property} strongly refute. Eric states bitcoin is “secured” by energy which I concur is a much better framing.
However, this sensible females in the jungle simply provided bitcoin the very best framing yet it’s: “n a t u r a l m o n e y.” You begin with running water or methane gas, or hydrocarbons or wind or solar. ALL THESE ASPECTS ORIGINATE FROM NATURE AND ARE THEN TRANSFORMED TO ELECTRICAL POWER THAT ENABLES BITCOIN MINERS [ASIC’S] TO BEGIN HASHING WHICH ULTIMATELY LEAD TO BITCOIN. Without these natural deposits there is no bitcoin. Statement of reality. Start with something natural and end with bitcoin. The concept that every nation on the planet has natural deposits that were formerly not able to be transformed to natural money is not lost on individuals in Africa or Costa Rica. [Note: Anyone reading this who loves this idea of natural money AND wants to author a children’s book on the topic please reach out to me.]
Fiat Is The Antithesis Of Natural Money
Compare what is required to produce “natural money” to every fiat currency on the planet or any of the leading alt coins. Trillions of United States dollars can be developed out of thin air in seconds as long as you’re the main lender or somebody holding an expert position [ONE OF THE PRIVILEGED FEW] who gets to produce money from absolutely nothing and definitely NOT FROM NATURE. Fiat is the reverse of natural money!! “Stick that in your pipe and smoke it Senator Warren!” Fiat is artificial. Bitcoin is natural.
Natural Money NOT Bitcoin
Bitcoin is the term for the zealots, the ideologues and the motion. There is absolutely nothing incorrect with the term bitcoin however think about the adversarial energy that has been developed versus it? Our enemies have actually developed some bitter stories versus it. Are they bullshit? You bet!!! Does the majority of the world understand that? NO!!!
Problem: Bitcoin is utilized as a derisive term by bitcoin’s most significant opponents, haters and critics. I’ve personally viewed young and old noticeably blanche at my reference of the word bitcoin.
Solution: Natural money is a lot more friendly for the unaware. Imagine if we asked Charlie Munger, Warren Buffett or Peter Schiff this concern: “What are your thoughts about natural money?” Their reactions will make them sound clownish and oblivious.
Natural money silently, in harmony and gently develops interest around the concept there is such a thing on the planet as natural money. There are all sort of indicated qualities about that term which reduces the effects of the attack surface area on bitcoin. It also minimizes the attack surface area by bitcoin’s challengers due to the fact that it’s much more difficult to assault “natural money.” Natural money is of individuals, for individuals and by the individuals. You can be versus “natural money” naturally however it practically appears abnormal to do so. It devitalizes some common attacks and darts tossed at bitcoin.
It’s the very first natural money belonging to the web. It doesn’t need much description beyond stating it’s the only kind of money sustained or sourced by natural deposits. Who’d wish to oppose “natural money”? [As an experiment, go back and read your favorite or next article about bitcoin but substitute the term “natural money” each time the word bitcoin appears. How does it land on you?]
CALL TO ACTION
As we collected round the bonfire on the beach that last night on Playa Hermosa as the celebration ended I shared this native female’s insight with other celebration goers and it resonated. So as a last idea, I welcome you to think about performing a “soft fork” in your usage of language from this point forward and share her knowledge everywhere. In my view, she recorded the gestalt of bitcoin by calling it “natural money.”
From now on, when you get the opportunity I’d recommend you utilize the expression natural money 2x more frequently when explaining bitcoin. Why? There is a big section of the population that is most likely to be curious about natural money. Psychologically and unconsciously the world has actually been wishing for natural money considering that Nixon closed the gold window in 1971. Bitcoin can sound excessive like a cult or spiritual zealots to those who stop working to value it’s advancement influence on humankind. There have actually been lots of unfavorable stories tossed at bitcoin considering that beginning. For me it appears far more precise and pleasing to describe bitcoin as natural money. One of the celebration participants even developed a Twitter manage #naturalmoney. As a gesture of regard for this sensible girl let us understand you concur with her.
This is a visitor post by Mark Maraia. Opinions revealed are completely their own and do not always show those of BTC Inc or Bitcoin Magazine.
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