Important facts:
  • Bitcoin is a further development of earlier common registration models for money.

  • It arose in response to the need to decouple the value of money from the authorities.

Bitcoin emerged in response to the need to decouple the value of money from traditional powers. But those who thought of the first forms of digital money understood that without a register that withstood the passage of time and the erosion of personal interests, it would be very difficult to exercise the power of an alternative economy facing the established powers opposed.

This is the origin of this alternative economic system, which for me began some time after the main events that led to its appearance left their mark on societies. Bitcoin’s story is similar in some ways to that of other social struggles: if they uncover what seemed undeniable, other facets of the institutions that appear to support the world can be seen.

From a personal point of view, he had given up almost all hope of an offensive against the established powers. Neither the discovery of a countercultural identity or my forays into anarchism in youth, nor the counterattacks of Johnny Rotten, Wikileaks, Armando Reverón or Héctor Padula gave me back the belief that it was possible to balance the scales of history – if something like that is imaginable. It would be neither the first nor the last of the disappointed.

For much of my life, I hadn’t been able to see anything like a corporate spirit in the market dynamics, at least I couldn’t see it with optimism. Why could this encounter with Bitcoin give me back some of the old hope?

I was only interested in what was happening on the global markets at the time because of its social or historical correlation and perhaps because of the possibility of connecting points with the complex state of modern culture. The money as it had been used in the past few years For me it was another fact about the fantasies of a group of people obsessed with power. Those who believed in the invisible forces of a market to exchange promises. This empty promise market, which is represented by the broken reserves of the banks and the insatiable exchange on the stock exchanges, could not create any added value with increasing influence on the world economy.

Money control is more of a game where the winners set the rules. Image: pexels-com

The expectation associated with money was for me a distant argument from unrealizable stories, precisely because I saw a gap between the facts, the history of the data, the records, and the possibility that these numbers and concepts were inscribed in everyday events were. The finances as I knew them did not allow me to get a picture of life.

If anything, I understood that Bitcoin not only describes what it is through mathematical language and game theory, but what it should be. Now I know that what I used to mean by the word economy has been in the same way for so long that I assumed that things would not change. However, if it is possible to take a look at what value can become, there is no reason not to believe that we can model the present and the future.

Letters vs. numbers

Despite the disillusionment, I learned about Bitcoin three years ago from a friend who later became one of my fellow criminals at CryptoNews, and I quickly lit the old flame.

Something made me think about the relationship that can exist between checking a fact and the stories that are told when we don’t know the truth. Then he remembered the old peasants who created Linear B, this record of proto-writing that could have influenced the civilization that would lay the foundations of abstract thought years later. I wondered why one of the first tests of the written record was an inventory, perhaps the list of stored things a trader was using at that time. Maybe an invoice.

While studying literature, I realized that there had been a leap in writing’s ability to document and record almost every aspect of what we know. Exactly clear proof of the need for the species to also transcend through the material. The Alexandrian library, the invention of the book and the Arabic number system have registered this need.

One of the reasons why I became interested in Bitcoin has to do with this ability to unite two visions: the possibility of description a complete inventory of what is available in terms of time and value, and the ability to model a financial system capable of foregoing central bank and government monetary policy.

The emergence of Bitcoin has been accompanied by technical responses to these two factors. And what seems unusual to me has to do with how to solve the problem of jointly registering the exchange of values. And his ability to encourage participation with a distributed reward. It was clear to me that the search by early internet activists was linked to the idea behind the technology of the book (and its technical reproducibility): a copy for every owner. However, the idea for the book had its own physical limitations. And as far as I know, there was no announcement that money could have this property that made it common, hostile to the state, and with a new dimension of privacy.

Early internet activists believed that the digital age would bring new individual freedoms. Image: pexels.com

The Internet was the utopian project of a new era of freedom. If every user could have their own server, there would be almost no limits to the scope of this type of data record sharing. Hence the controversy that led to the first regulations on the Internet. And of course the moralizing opinions about what could and could not be done. Hence the digital money that cyberpunks proposed back then and their development in Bitcoin unleash mixed ideas about how we create value and how governments handle money.

The attempt to create a digital nation without state control with its own digital economy, which is governed by its own codes and is more dominated by libertarian ideas, made more sense with the idea of ​​common registers. Data goes in all directions without headquarters, without property dilemmas as an excuse for censorship. Although with the adoption of new debates on intellectual property or authorship. Issues that recur when we think about the way Bitcoin’s math code is updated: a community effort – though only a few -.

The complex universe of possibilities contained in Bitcoin’s simple mechanism should not make us believe that there is nothing else and that this is the limit. There have been new issues with concerns arising from struggles to control Bitcoin.

Disclaimer: The views and opinions expressed in this article belong to the author and do not necessarily reflect those of CryptoNews.


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