American independence secured by Bitcoin
This is an opinion piece by Bruce Fenton, a candidate for the US Senate and the founder and CEO of Chainstone labs.
That’s the money. The money is ruined. The politicians broke it.
This truth sums up quite a lot of what is wrong in our world today: inflation, war, the failed drug war and violence – all the result of bad monetary policy. Even obesity can be traced back to bad money and the ruined incentives it causes, such as subsidies for corn syrup. We have to fix the money to fix America and the world.
To fund World War II, our government sent war heroes to American cities to sell citizens war bonds. They had to argue for the war and the use of citizens’ money. Even when they met the Nazis, the government still had to make a case. They were responsible. Today, that responsibility is gone.
In 1971, the United States went off the gold standard and the modern fiat was born. Unlike during World War II, the government no longer needs to sell you. They do not need accountability. They have a magic money writer. That money writer says they can print out how much money they want for war or cronies or whatever else they choose. The responsibility is gone.
This modern fiat system is not only unsustainable and harmful to the citizens’ economy, it causes great evils in the world. I would actually go so far as to say that fiat is evil. Fiat is in fact the ultimate force for evil deeds in our world. War, death, destruction and many evils in our world would not exist on the scale they do if we took away the ability of tyrants to push money out of thin air. If we starve the beast out of government by cutting funding, we will end up with more peace. Bitcoin offers an alternative.
In a world of healthy money where you control your own wealth, politicians would have to make a case to take your money, they could not print it out of thin air. If politicians had to sell you on profit prisons, drug wars or drone bombs, as they did during World War II, we would have a completely different world. Lack of accountability leads not only to bad finances, but to evil.
America’s greatest strength has been its freedom and protection of the rights of citizens enshrined in our highest law in the country. Our Constitution states that we have the right to freedom of expression, and our courts have said that the code is speech: Bernstein v. Ministry of Justice – this serves as a good basis for Bitcoin.
Ideally, this solid base for freedom will help America serve as a model for the world. The ideal model is not one where the government embraces and uses Bitcoin and has official wallets. It is a world where the government ignores Bitcoin and the world of money and politics goes apart just as church and state once ran their separate ways.
They are the ones with very different ideas. They are the ones who see money as a tool to control the people. Central banks’ digital currencies (CBDC) and other tools for control and regulation must be completely rejected. This is why I decided to run for office. Our world is facing actual evil, and we must fight for freedom and human rights. I believe that healthy money can do more than I ever could in office for good and for peace, but I also believe that it is crucial to have more votes for freedom in Washington. I have wanted to meet so many people on the campaign track and talk about freedom, liberty and healthy finances. It’s also nice to get to know Bitcoiner and I get questions about Bitcoin every day. This is not a simple technical hobby, this can be the basis for a more free world.
The foundations of America and of Bitcoin are both based on freedom and voluntary interaction. It is a natural fit for America – especially American citizens – to embrace the technology of freedom to advance our national strength and independence by breaking out of the shattered fiat system. If we fix the money, we will fix our nation.
This is a guest post by Bruce Fenton. Expressed opinions are entirely their own and do not necessarily reflect the opinions of BTC Inc Bitcoin Magazine.
