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<p>I was at a bitcoin meeting last night. It was good, quite basic, for beginners - I don't consider myself advanced on the subject, but I more or less knew what they were talking about. And then I had one moment of epiphany, when volatility of bitcoin got mentioned. Yes, the price varies greatly, yes, fortunes are made and lost, and all cryptocurrencies are very... That market is a wild place for sure.</p>
<h3>However...</h3>
<p>What is money? Generally speaking, a medium of exchange, a means of storing value. Value defined as abstract property of things, which hopefully relates to general agreement (by free market doings), or, sometimes, pinned to things by Central Committee. Someone decided that one turtle is worth ten seashells and that's it, no matter how ridiculous it sounds. But we're not talking about that, we're talking about money as... tiny containers for abstraction. Value is abstraction, a piece of gold has no value if you are stuck in a desert island with no water or food. Tiny containers. So we have abstract value and containers to store it in. The problem is that the containers have owners. Central banks owne the containers, so they are able to do funny things with them. Like, for example, make more containers. What happens if there are more containers? Value needs to be spread thinner. There is a little bit of value less per container. It's called inflation. It's how value you own diminishes over time. The problem is that value and money are two different things, and although common misconception about money having intrinsic worth is very pervasive, it is also a lie. The fact that money is owned makes it possible for its owners to perform all sorts of dark machinations. The big banks, too big to fail, creators of the last few major economy crashes, they use their product (money is a product), to suck all value they can from us. We get a new credit for that indispensable third car advertisers made us drool about? You know what happens? Banker goes to his basement, turns on the container making machine, gives you containers. Banks do not create value, they just create containers. But then they want their containers back, plus ten percent, and you return containers that you yourself filled with value of your hard work. That's a great deal for the bank, isn't it.</p>
<p>Money is blood of the system. It might be said that money not being free taints free market as well. I don't quite believe in free market anyway, but all the financial manipulation (and taxes) greatly contribute to making the free market a bad, non-functional place. Money controlled and manipulated by its owners is a source of evil. I think money as just means of exchange has no moral aspect, it's just a very useful tool that I see no replacement for (at least for the foreseeable future), but money owned and controlled? Pure Evil. Money that is free, and flows freely through the system, carrying value, it's like.. blood. Precisely like blood. It is indispensable, co-creative ingredient of the world as we know it. Current as stream, as electricity, as life.</p>
<p>Back to the bitcoin, I remember the first time I bought some (I only wish I bought some few years ago of course, but hey, it might just not be too late!), I remember the feeling playing with different cryptos, exchanging tiny bits of currencies, sending to wallets, like a happy puppy playing with bones - it was the feeling of freedom. It was the feeling of playing with ideas that are not copyrighted, not constraining, ideas with no armed cops behind, with no government reaching with dirty paws for percentage from each transaction, no banksters demanding fees for made up money they pulled out of thin air.</p>
<p>So about the price of bitcoin - at that moment I realized that blood of the system, true blood, would be rather stable. And then I thought that dollar, although considered to be the ultimate measure of value, it is not that. It's just another product. And is it dog wagging his tail, or is it tail wagging the dog? Maybe it is not that bitcoin's price changes, maybe Bitcoin is stable and...</p>
<h2>...IT IS THE DOLLAR FLUCTUATING INSTEAD?</h2>
<p>It's a small adjustment of perspective, but I felt enlightened at that moment. We're at very early stages of adoption now, so we see earthquakes and tsunamis, but... Maybe they are signs of the old systems getting ready to collapse? Imagine that... Banks crumbling to dust, vampires going out in flames, new world rising from the ashes? Imagine monetary systems without leeches. Without middle men parasiting on creations of our hands. Better late than never...</p>
<p>PS Is it me, or SteemImg is useless these days?</p>
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