10 Ways Bitcoin Is Better Than The Federal Reserve

Eric Blair
Activist Post

The Federal Reserve System is a parasite that feeds off human suffering. It is indeed the dragon that must be slayed for humanity to experience true freedom. I want to End the Fed, but I want it to end as peacefully and orderly as possible. That is why I buy Bitcoin.

In June 2011, I wrote this about Bitcoin: “It seems the precise remedy to such a system would be decentralization of currency and banking, or functioning in an underground economy outside the system. There may be hope for accomplishing both with the crypto-currency that is beginning to gain recognition, the Bitcoin.”

Over two years later, Bitcoin remains by far the best, most disruptive tool we’ve ever had to overthrow the corrupt banking system. Before Bitcoin, our only option was to fight the current system with protests and begging our politicians to “audit” the Fed, all while arguing about what’s a better replacement; the gold standard or public debt-free money. There have been few viable ways to simply opt out of or withdraw our consent from the current financial matrix, until Bitcoin.

I view my monthly Bitcoin purchase as a donation to unseat the bankers as the puppet masters of our world. If it gains in value, fantastic, but I will never sell them for dollars. If vendors choose not to accept them, then they won’t get my business. If it goes to zero; well, it was certainly a better option than contributing to Campaign for Liberty to get a partial audit of the Fed, right? But, to be clear, I’m firmly convinced that Bitcoin will be the world’s reserve currency.

Actually, the Bitcoin protocol has more potential than merely rendering the banks and Wall Street obsolete. It could become the global ledger of companies, stocks, contracts, patents, insurance and so on without the need for paper pushers in the middle. This protocol changes everything. The sooner you comprehend that, the better for you and for society. But that’s a whole other article.

For now, here are ten ways Bitcoin is better than the Federal Reserve System:

Voluntary: Bitcoin is voluntary, whereas Federal Reserve notes are enforced at the barrel of a gun domestically and by a vast military complex abroad. Yet, no army can stop an idea whose time has come. Americans now have a choice in Bitcoin — and China, Russia, and many others are dropping the dollar like a bad habit in global trade. A police state or more war can’t stop the rush out of dollars, though they will try.

Decentralized: Bitcoin has no central authority voting to give your money to their friends. Being decentralized also gives Bitcoin its security because there’s not one website or company that can be hacked, corrupted or seized.

Supply Controls: The supply of Bitcoin is controlled by a fixed algorithm where only 21 million will ever be created, although it’s nearly infinitely divisible. The Federal Reserve System has no supply controls over its unit of account. They can print and lend as much into existence as they want, and do it in secret.

Transparent: The Bitcoin protocol code is open source, as is its ledger of every transaction ever made. The first ever partial audit of the Fed revealed over $16 trillion in secret bailouts before they quickly closed their books again to public representatives tasked with controlling the purse strings.

Free Market Value: The value of Bitcoin is based purely on the free market’s voluntary adoption of it due to its utility as a payment system protocol. Sure some is speculation, but well deserved. Although many market mechanisms exist that contribute to the value of Federal Reserve Notes, ultimately it is about supply n’ demand and interest rates which are manipulated by an unaccountable board of directors.

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