{"id":28586,"date":"2017-12-05T08:17:37","date_gmt":"2017-12-05T13:17:37","guid":{"rendered":"http:\/\/olduvai.ca\/?p=28586"},"modified":"2017-12-05T08:17:37","modified_gmt":"2017-12-05T13:17:37","slug":"expect-desperate-and-insane-behavior-from-government-in-2018-part-2-bitcoin","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=28586","title":{"rendered":"Expect Desperate and Insane Behavior From Government in 2018 \u2013 Part 2 (Bitcoin)"},"content":{"rendered":"
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Expect Desperate and Insane Behavior From Government in 2018 \u2013 Part 2 (Bitcoin)<\/a><\/h3>\n<\/header>\n
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The financial crisis of 2008\/09 was the most significant event to happen in my lifetime. That episode, coupled with the deeply unethical and corrupt response to it, led to a direct delegitimization of governments and institutions worldwide. It\u2019s precisely this self-inflicted destruction of credibility which opened up the window for the birthing of a new monetary and financial system in the wake of Bitcoin\u2019s emergence in early 2009.<\/p>\n

Bitcoin is a system designed to be everything the status quo isn\u2019t. Decentralized, transparent, permissionless, with a well-defined and restricted monetary supply curve. Given the backdrop upon which it emerged, it\u2019s unsurprising that as more time passes, the more popular it becomes.<\/p>\n

Humanity is desperate for a major reboot and an entirely different way of doing things. Bitcoin and other crypto assets offer exactly that opportunity in the realm of finance and money, thus capturing the imagination of millions of the most brilliant and passionate people around the world. Since the status quo stubbornly\u00a0refused to reform and change the system after the financial crisis, humanity had no choice but to take charge and do it independently at the grassroots level.<\/p>\n

One thing that\u2019s become increasingly clear to me as I\u2019ve added years and experiences to my life, is that governments, generally speaking, hate freedom. It\u2019s why something as beneficial and benign as cannabis remains illegal throughout the world, and why people like Jeff Sessions still want to criminalize it even in states where the actual people living there voted to make it legal (see Part 1<\/strong> <\/a>of this series). While the fairytale we\u2019re conditioned to believe tells us government exists to protect us and create an environment in which humans can thrive, the reality is quite clearly the opposite. The crooked response to the financial crisis demonstrated this in spades to anyone paying even the slightest amount of attention.<\/p>\n

…click on the above link to read the rest of the article…<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Expect Desperate and Insane Behavior From Government in 2018 \u2013 Part 2 (Bitcoin) The financial crisis of 2008\/09 was the most significant event to happen in my lifetime. That episode, coupled with the deeply unethical and corrupt response to it, led to a direct delegitimization of governments and institutions worldwide. It\u2019s precisely this self-inflicted destruction […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2],"tags":[4174,4835,15611,312,317,379,4285,6174,2069],"class_list":["post-28586","post","type-post","status-publish","format-standard","hentry","category-economics","tag-bitcoin","tag-credibility","tag-cryptocurrency","tag-financial-crisis","tag-financial-system","tag-government","tag-liberty-blitzkrieg","tag-michael-krieger","tag-monetary-system"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/28586","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=28586"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/28586\/revisions"}],"predecessor-version":[{"id":28587,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/28586\/revisions\/28587"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=28586"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=28586"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=28586"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}