The Rise of Sound Money via Crypto Currencies
The rise and spectacular success of crypto currencies reveal a decisive paradigm shift and a newly emerging schism in world politics, namely the conflict between the interests of the state and of the liberated individual. There is a steadily increasing population of highly educated and skilled people who have made the correct observation that the state and all its apparatuses are no longer the friend of the individual, especially if the individual in question is an independent, power & prosperity seeking actor.
Any serious participant of crypto markets should therefore first understand that by design and by their telos, most crypto currencies will continue to exist outside of the realm of the establishment, its forms of control and its outdated institutions of economic activity. The moment fiat money was introduced and unanimously accepted worldwide, the states should have lost the privilege of controlling the transfer of value between free people, because that development essentially enabled the leading governments and central banks of the world to assign an arbitrary value to the labor of all citizens in their jurisdiction (and through free trade, to the citizens of all the countries dependent on international finance).
The fiat system completely removed concepts of fair value and justice from waged labor, effectively turning salary based employment into an illusion and what has later been dubbed “modern slavery”, and was ripe for all kinds of corruption and seeking political favoritism. Probably the greatest evidence of this was what happened after the liquidity meltdown in the USA during 2007 & 2008, where the USD kept getting printed at record breaking levels, and yet somehow continued to gain value against all emerging market currencies for the following decade…
In philosophy, the rise of an independent system of sound money was necessary since even decades before the emergence of crypto currencies. The genie is finally out of the bottle now, and in a world of extreme population and increased competition, the meritocratic individuals understand very well that they have to divorce their own interests from socialistic and totalitarian tendencies of old money, if they wish to prosper in a modern world of subversive, shamelessly immoral, and even unnatural political agendas.