With all the clueless crypto kids entering the cryptocurrency market, let’s take a moment to remember what Bitcoin really is and why it came to exist.
Satoshi Nakamoto, the creator of Bitcoin, left a clear message in the original block of the Bitcoin blockchain: “The Times 03/Jan/2009 Chancellor on brink of second bailout for banks”.
Bitcoin is not a get rich quick scheme. Bitcoin is a knife pointed at the financial sector and the government treasury departments.
All cryptocurrencies aren’t equal; they vary in their intent and design.
For example, Vitalik Buterin, the founder of Ethereum, an inflationary cryptocurrency moving away from a competitive trust-less design to a collaborative consensus driven one, was only 14 years old when the Global Financial Crisis and bailouts happened, and doesn’t harbor the same resentment.
He believes Ethereum and Government can coexist and that Ethereum technology has many government applications; he’s probably right and for that reason is probably going to win in the end. His currency being inflationary without a hard coded maximum supply will serve governments well when the time comes.
As one of his skeptical followers put it so well, “It seems ethereum became statalist/socialist/bankester crypto coin”.
It seems ethereum became statalist/socialist/bankester crypto coin
— GravitySucks (@fb_gravitysucks) September 3, 2017
Or in the words of Julian Assange, whose Wikileaks foundation doesn’t accept Ethereum, “Bitcoin is the real Occupy Wall Street.”
Bitcoin is the real Occupy Wall Street.
— Defend Assange Campaign (@DefendAssange) December 15, 2017
Ethereum is not Bitcoin.