IJYAM
Something from Nothing
Creating confidence in something from nothing is just what it used to be. It is part technology, part necessity and a good amount of faith, which is used to develop the future. Interestingly, there are avenues developed where the aforementioned categories are converging, and that of course is in Bitcoin.
Bitcoiners are of a different sort, there’s a tendency to look at things in the past and ask, how can that happen in the future? It’s an awkward realisation for a lay person examining the process of Bitcoin development for the first time, to understand the historical attributes that go into the conceptualization of the technology. In many podcasts and videos there are references to economic history, political coups, and environmental events that illustrate the way developers see the process and the problem. It is not without precedent or vivid example of how a reflective nature can assist in creating the future. Many examples come from the accounts of the nature of money, it's causations and resolutions.
Most of the information received about the boom and bust periods of human commerce are seen as tragic happenings that created a list of unmentionable maladies, conveying a serious sense of betrayal. However, if one is to look closely at the circumstances surrounding the events, there is likely to be a direct causative factor, and as likely to be a clear resulting effect. For instance, Hyper-inflation of a money, where it seems the problem is government over printing paper money. Yet Tone Vays points out at 24:00 in the Youtube video Bitcoin Trading & Strategies, it is not the government overprinting that’s the actual problem, it is the lack of confidence displayed in the government doing the printing of the money, and the migration away from the currency by the class of people that create confidence that is the real problem. It is the same with products and services, if there is no confidence there’s no use.
The process happens away from the market where confidence has been lost. The strategies remain the same, buy low, sell high, have liquidity, not too much… On and on. Creation of confidence is where the Bitcoin realm has a good foothold. There have been properties seized and ransomed for Bitcoin due to a sort of confidence, there are grey markets creating commerce using Bitcoin and thereby instilling an amount of confidence into the ecosystem. To mention the amount of confidence going into product development for Bitcoin, would be to invest way too much time and space on a rapidly advancing and ever changing landscape. With new entries into the fray coming at a frantic pace, Bitcoin is the frontier again, and it carries all of the aspects of an uncharted territory a confident marginalised professional could ask for. But what if you lack confidence? What if you’re not a pro? What if you have, let’s say issues? How does the new frontier address your needs?
There’s room for discussion on what the promise of Bitcoin holds for the disenfranchised, the timidly able. You know the lost boys and girls. What can this thing do for them? The future is so empty and vast that the present sometimes gets overwhelming, and drifts away with the aspirations of those invested in the now. Today someone got out of prison saying, “ Oh, shit.” Yesterday the cashier at the local convenience store heard one too many, “ I’m going to tell your manager, and then we’ll see who’s right!” And there is no shortage of broken alarm clocks that signify the intense emotion felt on the Monday morning that comes directly after Friday night, that leads directly to new employment situations on Tuesday. How does the decentralised currency that is divisible past the hundredths of a penny, help these situations?
An answer may not be too hard to imagine. It does not take a lot of vision to see when someone you know is benefiting more than you, especially if they were just like you, and now they’re not like you at all. They’re cooler, more stylish, have a handle on new stuff, and speak using new phrases like, Counterparty Risk associated with the spike in sidechain activity, and words like Satoshi, Asic, Token, Ethereum, and Fiat all in a single sentence. The age old emotive response of curiosity may be one of the rails to adoption available to help the disenfranchised, create from a state of nothing a confidence in something.
Bitcoin is something special because it is a different space, and can be the something from nothing that is easily accessible, simply useable, and self educatable. Degrees aren’t offered yet in Bitcoin polyhelux multi-form modality regression theory and consequence development of collateral Blockchain core entanglement, but they will be.
Many new technologies like the assembly line, railroad, and refrigerator had their critics. Who would want to use these things? It’s nothing like what we have, it’s just too different. It’ll never be used for anything important. Are all phrases uttered by the hindsight seers, so busy examining the past that the present just slips by. Today’s technology isn’t invented for yesterday it’s invented for tomorrow, and just as organisms that aren’t equipped for being put into new environment most certainly die, so also do those organisms that may have limited ability to function well in an old environment, find the new environment a space to thrive, prosper and grow. An example of such is the Malbec wine of Argentina, tough for Europe to make good, but a different place and space... Something special…
Confidence is in knowing that all of the King’s Horses and all of the King’s Men have Satoshi attached to their value, and they have to answer to the demand of market forces for King’s Horses and Men, which will mean new exciting prospects for Queen’s Mares and Maidens. This type of equanimity is the hallmark of Blockchain Evangelists and the cryptographic gospel preached in the meet-up sanctuaries. Becoming a sovereign self, a socio-monoist, an ordinal in a cardinal world, all that and… And can play anonymously around “Dark-Nets,” in and out of chit chat rooms, hovering above the sweeping conformity current, and lighting in the leaves of debate and change.
Yep, the frontier is Bitcoin. It’s a stand of palms in the desert heat of devalued currency, and it continues to grow. The fresh spring of peer to peer trustless transactions feeds the oasis, and the Green Grasses of comfort represents the flow leading to an ocean of possibilities. There is of course danger in the frontier. Bad actors, desperados, carpetbaggers of calamity, continuingly barking about the dangers inherent to homesteading on the plainly open source prairie, forecasting the demise of any settlement not protocoled by the crumbling edicts of the past. As with all frontiers there are great gains and losses. Mounts crumble and gox by the wayside, while simplicity rises through the Ether. Nothing is too much of something in the web wide world of the new.
So, boot up, and fear less. There’s a game afoot.