Here we go again with the FUD. Looks like Mr. Dalio is once again giving his misinformed opinion on bitcoin. Sadly, once again he is wrong pertaining to bitcoin in general. Of course it leads to a greater discussion which most on this planet should be having. 

![](https://images.markets.businessinsider.com/image/5d4a8b88100a2422e327d044-1200/ray-dalio.jpg)

This discussion should pertain to the State’s control of money. More specifically the ability for a set group of people (GOVT) to control the issuance of money. Obviously those who are close to the legacy system like the way things are. They have access to easy credit and can purchase anything they choose. 

![](https://s3.amazonaws.com/carolinajournal.com/app/uploads/2016/11/06102608/democrat-republican-image.jpg)

Not to mention running huge deficits that the people have zero say so. I mean it’s not like our votes matter. You have two choices; dems or  repubs. Yet obviously both parties are one in the same. 

Any independent is ridiculed and frankly ignored. It also means that free thinking is not encouraged. Instead, it’s once again group think for the masses. And if that isn’t enough divide and conquer everyone. 

You see this is why money and politics should never mix. It is a dangerous game to put your financial future in the hands of a few people. The average person has to “trust” that they will do the right thing. And if history is any indication politicos will always do the wrong thing. 

Avarice and greed is just too lucrative to pass up. And you can see this on full display as each chair is shuffled by each politico changing various roles. One minute they have a certain Senate seat. The next they are chairing some other position. 

I bet if you made all political offices a non paid position most would scatter. Again, most of the nonsense and political theater is for power/control. Not to mention to divide the populace into submission. And now more then ever blockchain is necessary for the future of humanity. 

As I have said previously human nature is a fascinating subject to study. When you study human nature you find out information about human actions. People do the strangest things when it involves money. Sometimes it brings out the worst in humanity. 

Many will steal and destroy when they feel their needs aren’t met. It is the fight or flight mentality that is prevalent in all of us. Scarcity and lack is essentially “baked” into the legacy system. And since the system itself is based on debt the structural issues cannot be changed. 

Debt upon debt is the mother of all evils. Debt that we all know will never be paid back. Yet, it will continue regardless of what the average person thinks about the matter. And the gamblers on Wall Street will continue to bid the casino until there is nothing left. 

![](https://th.bing.com/th/id/R.e94cd2b303632f43cc84487d0f9f2df1?rik=UDR7eA1gRVumWA&riu=http%3a%2f%2fwww.quertime.com%2fwp-content%2fuploads%2f2018%2f02%2fsatoshi-nakamoto-secrets.jpg&ehk=ye4OcoSsiYAfiYlJNnGGpaOXSh53p8yK4jpiKWBXdrU%3d&risl=&pid=ImgRaw&r=0)

Banning anything in America is the antithesis to freedom. That includes what you ingest or what currency you wish to trade for goods and services. Now I’m not saying there won’t be any issues regarding certain State actors in relation to bitcoin. This has been ongoing since 2009. 

Yet, blockchain still stands. It was created for the primary purpose of not being able to be shut down. Obviously Mr. Dalio should read Mr. Nakamoto’s white paper. And then read it again. 

You can’t regulate what cannot be regulated. You cannot control that which will not be controlled. You can’t sue since there is no one to sue. It is the basis of blockchain. 




Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@automaton/ray-dalio-you-don-t-understand-blockchain)