Krugman and his ilk are never going to criticize or acknowledge the very thing that has given them unfair (and corrupt) advantage over everyone else.
I remain unconvinced about what Bitcoin and crypto are at the moment as it looks and functions in real-time exactly the same as the fiat currency masters. if something was going to challenge that system it would be nice if it actually looked and acted differently. Today Wall St. owns the cryptosphere so IMO Bitcoin lost when contextualized​ from a 2008 vantage point of usurping​ the current system.  
Resteemed anyway.

Decentralization is the only way.

Not all humans seek freedom.
And many will fight you to retain their chains.

I do not know if bitcoin will be freeing.
But, it is along that path.

And basically, it is so much better than our ponzi fiat money that once people try it, they will never go back.

* Send money to china to buy something off of flea bay, without filling out a huge pile of paper?  Check.
* Getting acknowledgement that that money has been received?  Check.
* Be able to have all the benefits of a checking account without paying a monthly fee?  Check.
* Owning all of your money, Priceless.

I am so so done with financial slavery...Give me liberty or give me death.

I'm glad @ned upvoted you!

Yes! I agree! Decentralization is the answer.

I love that you quoted the wonderful "war inevitable" speech of Patrick Henry.  I have used it every year in classes on American Literature and on Oral Interpretation.  My children memorized it in their classical Christian school in 5th grade, too.  Way to give Krugman a blast of truth!

Highly rEsteemed!

![Simple Things.png](https://cdn.steemitimages.com/DQmdsiUkp7KH6C3HAoRaQM4HQtBJb8j9ocML6PXwq5xhitv/Simple%20Things.png)

Tethered to freedom... a great way of restating or expanding on Menger's subjective theory of value.

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From my article "[How to Avoid Funding the American Deep State](https://steemit.com/deepstate/@kevinsarpei/how-to-avoid-funding-the-american-deep-state)":

"Regarding how expensive and slow bitcoin transactions have become:

1. The lead maintainer of the Bitcoin Core repository on GitHub, [Wladimir van der Laan](https://motherboard.vice.com/en_us/article/8q8qq5/mit-media-lab-bitcoin-developer-fund), works for the Digital Currency Initiative (as do [Cory Fields and Gavin Andresen](https://bitcoinmagazine.com/articles/who-funds-bitcoin-core-development-how-the-industry-supports-bitcoin-s-reference-client-1459967859), who, however, hasn't contributed to Bitcoin Core since [2016](https://bitcoinist.com/gavin-andresen-commit-access), as far as I know). The DCI's current director is Neha Narula, who was a senior software engineer at Google. She's [not the only one](https://dci.mit.edu/community) at the DCI who has a funny background.

2. The DCI was co-founded by [Brian Forde](https://techcrunch.com/2016/07/07/hillary-clinton-and-the-blockchain) at the [MIT Media Lab](https://medium.com/mit-media-lab-digital-currency-initiative/launching-a-digital-currency-initiative-238fc678aba2). Forde is a former [White House senior advisor](http://news.mit.edu/2015/brian-forde-media-lab-director-digital-currency-0415). And MIT Media Lab's director, [Joi Ito](https://dci.mit.edu/community), is a [strategic advisor](https://www.sony.net/SonyInfo/News/Press/201704/17-046E/index.html) to Sony and a [board member](https://www.nytco.com/board-of-directors/joichi-ito) of the New York Times Company ([among other things](https://en.wikipedia.org/wiki/Joi_Ito)). Then there is of course the fact that the MIT receives [hundreds of millions of dollars](https://www.msn.com/en-us/money/careersandeducation/the-20-universities-getting-the-most-money-from-the-federal-government/ar-BByBiwQ#page=4) from the federal government every year.

3. In [2016](https://www.coindesk.com/blockstream-55-million-series-a), AXA Strategic Ventures co-lead a $55 million investment in a [key funder](https://cointelegraph.com/tags/blockstream) of Bitcoin Core: Blockstream, for which [quite a few](https://www.reddit.com/r/Bitcoin/comments/4av4ts/blockstream_coreor_not) Bitcoin Core developers have worked. At the time of the investment, AXA's CEO and chairman was [Henri de Castries](https://web.archive.org/web/20180606121414/https://group.axa.com/en/about-us/profile/henri-de-castries), who is also the [chairman](https://web.archive.org/web/20140311013611/http://www.bilderbergmeetings.org/governance.html) of the Bilderberg Group's Steering Committee."

It isn't letting me resteem???

Great response!  Monetary sovereignty is the only way to be truly free.  It is unfortunate the way we have all been fooled to be involved in the greatest Ponzi scheme of all time with the US debt.  How do we allow more debt to be issues to pay debt?  Very sad...

> Freedom, more specifically the desire to be free, is the tether of Bitcoin and cryptocurrency. 
@cupidzero

Yes.

Krugman is a contrarian mouth-piece, whose job is to distract and deflect the true intentions of his masters.  None of his forecasts regarding the economy or finance have materialized because his purpose is to lead the masses astray.  

His masters, through the financial intermediaries, have already accumulated and staked significant proportion of the outstanding cryptocurrencies.  ICE is launching its cryptocurrency exchange in November, the US SEC will likely approve, if they have not already done so, the Bitcoin ETF submitted by the CBOE.  JP Morgan and similar institutions have  working cryptocurrency investment divisions.  Fully half of all outstanding Bitcoin is sequestered in 1% of wallets.  EU is working with the CCP to implement the CCP pet project "City of Zion" using NEO platform, which is nothing more than CCP blockchain surveilance tool, along with Vechain, ONT, TKY, etc.  

Blockchain publicly broadcasts _all_ transactions, in an immutable blocks of digital chain.  In the future, _no_ transaction can be hidden from the omnipresent eyes of our masters.  In guise of "freedom," blockchain seems to have cast its golden net of servitude.  With public, immutable ledgerization of the resources, real estate, commerce, the "free" masses, the complete centralization of human society may be a possibility.  The doggedly problematic aspect of central administration has always been accurate ledgerization of their resources.  When every transaction is moved onto blockchain, our masters can do away with 90% of central bureaucratic expenditures, leaving more for enforcement and peacekeeping.

This post has been revived by steem-forever!

Tethered to freedom. I like that! I also wrote an "open letter" of sorts to bitcoin skeptics. I enjoyed your take on this.

Great piece 👍and resteemed

This gave me a nerd boner.

I will come back and read this later!

In us we trust

>What is cryptocurrency tethered to? The answer is simple: freedom.

This is something very outstanding about crypto. As a passionate young man about crypto and blockchain based projects and a person who has discovered that great aspect of liberty that dwells in crypto, am always labouring everyday  to make careful study about the different crypto projects and try as much as possible to get involved. 

Digitex futures is my current project that i am studying about and making several blogs as evidenced on my blog. Digitex is a zero fees bitcoin futures exchange that has its own native currency called DGTX.  My current blog post exhibits how valuable the DGTX token is 
and here is the link to it:  https://steemit.com/digitex/@yohan2on/kbmzqdx-digtex-futures-is-dgtx-worth-your-investment#@focuscrypto/re-yohan2on-kbmzqdx-digtex-futures-is-dgtx-worth-your-investment-20181008t175945154z

Hope it might be something that might interest you and add value to your crypto journey.

Otherwise thanks so much @cupidzero for such a great article that is full of great wisdom that can liberty very many people from the new form of slavery that is embeded in the fiat money system.