Bitcoin is the best master?

I remember when I opened my first bank account. I felt a kind of a privilege, just as a child feels when doing “grown-up” things for the first time, mixed with an uncomfortable feeling of mistrust and surrender to a controlled from “above” world. Whilst my civil servant parents were comfortably indebted – which I didn’t know – I was keenly saving what little money I had –  I thought it was a lot – every decision concerning it brought huge emotional burden and confusion. A visit to the bank meant blindly signing papers in the same way players’ place bets at a casino. Until very recently, making a internet bank transfer sometimes caused me to compulsively and repeatedly check the numbers until I lost confidence in my own eye sight… Like most people, I was a slave to money and I was destined to be poor – which is independent of the amount of wealth[1]. This is what happens when money mixes with blood.

Mixing money with blood means: firstly, that your relationship with money reflects your relationship with your parents and the way in which they, most likely, did not respect your ownership over yourself at a time when this respect was vitally important; your visceral and relatively unconscious idea of what it means to possess the greatest instrument of power that exists in a capitalist economy, is naturally closely linked to this.

Place yourself in your child’s shoes. If your parent was tying you up, closing you in or belting you for example, this blatantly violated your ownership of your own body. If the damage is not genuinely forgiven and repaired, what he/she is saying is: “I have infinite power over you, and therefore, the ownership that you have over yourself is only a concession that I give you”. This is what makes for a classic conservative or a fascist.

If your mother makes you feel guilty by crying or by various other affectations, she is unashamedly violating her ownership over her body when giving you – a restrained, submissive and dependent child – the control over her emotional state and behaviour. If she’s not genuinely apologizing and repairing the damage, what she is saying is: “you have infinite power over me, and therefore the ownership of oneself can not be something fair or valid.” This is what makes for a socialist or a communist.

There are many types of families, but all have one thing in common: the power comes from “above” – and this is contradictory, irrational, unfair, and an idea that needs to be erased from our consciousness if we wish to survive. The message that the child incessantly receives during the years when his understanding of the world’s basics unfolds is clear, explicit and visceral.

Currently, developed countries display a hybrid political structure between one vision of economic values and the other, which may be an indicator of moral progress of the species. However, the fact that each country or political “house” still retains their centralized state and monetary monopoly is the expression of this – so blatant but so deeply rooted – incongruity, whereby the anchor of the property rights must rest in an instrument that, by definition, violates property rights: “government” or “parent”.

As expected, a system based on a fundamental incongruity leads to multiple inconsistencies: the economy deals with the problem of subjecting human desires to the reality of scarce resources, but in this system the “economy” means subjecting the reality to human desires. And so it happens that money can be “debt”, detached from the assets that it claims to represent … and nobody says anything.

Nobody says anything in the same way that nobody says anything when parents abuse their children and detach themselves from the person they claim to protect.

Money matters little in the light of a similar moral background, and history confirms this, but it does matter as long as it is a repository of such emotions. Bitcoin makes no exception to this of course, but it brings a fundamental difference: Bitcoin is rational and, just as reality, has objective limitations. This basically is that Bitcoin is the best money – and also the best master.

Your relationship with the best money is conditioned by the inescapable fact that, from your altruistic or socialist perspective, you cannot stop it; and from your independent or conservative perspective, you cannot manipulate it. From either of these two aspects of monetary slavery with Bitcoin you’ll be more of a slave than ever: your desires for “equality” will be frustrated by an inexorable greed, and your desires for “freedom” will be frustrated by the resulting and necessary accountability.

As long as people remain unable to admit the injustice of the possession of children, our relationship with money will continue to have these hues. Fortunately for us, the process will be accelerated by the Bitcoin phenomenon, that will remind us every day of the size of our moral hypocrisy.


[1] The famous book by Robert Kiyosaki “Rich Dad; Poor Dad ‘ perfectly illustrates the fact that being “rich” is a matter of attitude towards money.