Bitcoin looks like a Cult to me

I was browsing Youtube and discovered the channel of a girl (I’m being sexist here saying girl, not woman, because she’s kinda cute) named BraveTheWorld. She’s got some nice videos on feminism and abortion. Then I noticed she’s got several videos on Bitcoin. Around a year ago I rambled on about the Mark of the Beast incoherently and suggested a possible connection to Bitcoin and the Mark. My views haven’t really changed on that.

One video by BraveTheWorld is titled How to be a Bitcoin Hater. It sounded fun so I watched it. The video basically makes fun of people who do not like Bitcoin, and marks that up to ignorance, and ends with a silly honey badger meme. (Honey badgers are cool, but that’s beside the point.) Despite the condescending attitude, the video made a good point: I should research Bitcoin, instead of condemning it based on ignorance. So I did, research it and then condemned it based on ignorance.

First, I went to Bitcoin.org. I looked at a page titled How does Bitcoin work? It starts off by saying: “As a new user, you can get started with Bitcoin without understanding the technical details.” Nice. That’s just what I wanna hear getting into it a little bit hopeful it might a liberating new technology, but worried it might just be another scam. Blindly throw your money at us, you won’t regret it. Sure…

That page was short and superficial as all fuck, but at the end was a link to another document, the original paper on Bitcoin by the elusive Creator Satoshi Nakamoto. It starts off by saying: “A purely peer-to-peer version of electronic cash would allow online payments to be sent directly from one party to another without going through a financial institution.” P2P sounds good. But soon after the document states: “What is needed is an electronic payment system based on cryptographic proof instead of trust, allowing any two willing parties to transact directly with each other without the need for a trusted third party.” I agree with the bit about getting rid of the third party, but I don’t think having to trust the people you do business with is a problem. I thought trust was the basis of all trade, and not some maths nerd’s “cryptographic proof”? Or maybe “trust” here refers to some economic specialist explanation of the word.

Long story short, I read the document. It’s only 9-pages, and I guess I understand the Bitcoin blockchain stuff a bit better than I did before, but I still don’t really understand it. I’m not a computer programmer or a mathematician. There’s sentences like: “we propose a solution to the double-spending problem using a peer-to-peer distributed timestamp server to generate computational proof of the chronological order of transactions.” I’ve seen every single episode of Star Trek from the Original Series to Enterprise, and that technobabble is still mostly incomprehensible to me. I can understand maybe half of it, but unfortunately it is not enough. Moreover there are abstract mathematical formulas at the end of the paper, *gag*.

Maybe I’m just a fucking idiot, but I figure this stuff is too complicated for me, and requires special expertise that I lack, to understand. Therefore I should stay the hell out of it. I’d have to study computer cryptography two years in universite before I could make heads or tails out of it.

What I do know about Bitcoin, however, is that no-one knows who or what the creator of Bitcoin, Satoshi Nakamoto, is. The fanboys and girls seem to be happily oblivious of this omission in public knowledge.

BraveTheWorld is gushing with excitement on Prison Planet/Inforwars being interviewed by Paul Joseph Watson that Bitcoin’s blockchain technology is disruptive against governments. It’s freedom of speech, and all that. How? She transmits her excitement and emotion very well, but not the concrete facts of what makes Bitcoin so great. That’s what I always hear when Bitcoin enthusiasts talk about. I don’t buy the hype.

Just to be sure I’m not being suspicious of Bitcoin because of mere ignorance, I watched a video, which explains How Bitcoin Works Under the Hood. It sounds OK in theory, but as Homer Simpson said “in theory Communism works”. Based on the video and BraveTheWorld’s explanation I gather that Bitcoin relies on the assumption that it is rare or unlikely something will go wrong, or that someone is able to defraud the network somehow. I’ve played enough games with dice rolling to know if something is astronomically unlikely to happen, it will happen eventually.

What I see from the behaviour of Bitcoin enthusiasts is that they want to believe in it, that it will be the engine of our financial emancipation. I think it’s wishful thinking, I think it’s just another video game. Bitcoin may not be the Mark of the Beast, but it ain’t the Second Coming of Christ either.

 

P.S. Fuck off Paul Joseph Watson, you fucking condescending prick. You’re like the main stream media in ridiculing people who do not agree with the official explanation, except you’re not as subtle about it. Fuck off! I’ve got a paranoid fear of clicking on a video and hearing your voice, you passive aggressive piece of shit. If you wanna insult people, do it directly. Be a man.

 

Links:

Declare War on Feminism: The Body, Sex & Rape: https://www.youtube.com/watch?v=E-LCohouNDc

Why You’re Wrong About Abortion: https://www.youtube.com/watch?v=5X6uYqSSQGc

Mark of the Beast: https://concordiaabchao.wordpress.com/2013/12/06/the-mark-of-the-beast/

How to be a Bitcoin Hater: https://www.youtube.com/watch?v=AXH3GOuOGuI

How does Bitcoin work?: https://bitcoin.org/en/how-it-works

Bitcoin: A Peer-to-Peer Electronic Cash System: https://bitcoin.org/bitcoin.pdf

Is Bitcoin a Conspiracy? with Paul Joseph Watson and BraveTheWorld: https://www.youtube.com/watch?v=S_Svr4LD4lQ

How Bitcoin Works Under the Hood: https://www.youtube.com/watch?v=Lx9zgZCMqXE

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