You have commented 339 times on Rantburg.

Your Name
Your e-mail (optional)
Website (optional)
My Original Nic        Pic-a-Nic        Sorry. Comments have been closed on this article.
Bold Italic Underline Strike Bullet Blockquote Small Big Link Squish Foto Photo
Economy
The Greatest Trick Ever Played, And How Bitcoin Shatters The Illusion
2022-09-13
[ZERO] Throughout history, people have always been blinded by the cathedral of their times. Ideas of chivalry, caste systems and royal bloodlines were all incredibly powerful constructs that towered above any possible scrutiny, let alone rebuke.

Today is no different.

Just as fish cannot perceive the water they swim in, it is also difficult for people to recognize the cathedrals for what they truly are. Grandiose narratives, fanciful myths, and seductive lies make for invisible chains.

They are the walls of Plato’s Cave. They are the scrolling green code of the Matrix.

And no prisoner can break free from shackles that remain hidden.

Such illusions are shattered by bitcoin — like waves breaking against solid rock. This is because bitcoin unveils the three most powerful and enduring illusions of our time — those of the competent central planner, the common good, and fiat money.

Let us now step through the looking glass and dissect these magic tricks one by one, starting with the competence of central planners.

Ah yes, central planners. They aspire to positions of power in the guise of charismatic figureheads, lofty intellectuals, the spiritually enlightened or impressive polymaths who’s vast knowledge spans the fields of economics, finance, healthcare, engineering, infrastructure, energy policy and oooohhhh so many more.

Even better, they are packaged and sold as benevolent leaders that strive for a better tomorrow, acting only out of altruism and for love of the common good. Truth and justice are their names.
Posted by:Besoeker

00:00