Honest people already know the truthâŠ
Yard Couchâs Isaiah McCall, whoâs been doing little more than pumping coins for the past two years, is all of a sudden admitting what heâs known all along: That the crypto industry is a fraud.
Even CoinDeskâââone of the biggest Bitcoin sites in the worldâââadmits itâs a Ponzi scheme.
Bitcoin took a thirty-year-old technology, gave it a shiny new brand, and won itself a cult following that led to 17,595 imitators and counting, all fighting to be the monopolistic king of the new world of centralized digital cash.
In other words, Bitcoin is the Tesla of money.
Like Bitcoin, Tesla is built on old technology.
Weâve had electric cars since 1828.
Tesla took a 194-year-old technology, gave it a shiny new brand, and won itself a cult following.
Tesla, too, is a giant fraud.
Itâs run by a Marie Antoinette-level anti-commons sociopath.
But thereâs a major difference between Bitcoin and Tesla.
Tesla employees actually produce something of value:
Electric vehicles.
It doesnât matter if Tesla closes its door tomorrow; it will go down in history for one reasonâââit woke up the slumbering monopolies whoâd been resting on their laurels for two generations.
Tesla made EVs, and now everyone makes EVs.
Bitcoin is different.
Bitcoin doesnât make anything.
Itâs just a bunch of digital files that have been temporarily assigned outrageous amounts of fiat money.
Why?
Because Bitcoiners are hoping 200+ national governments will relinquish their ability to create and control their national currencies and instead buy into a digital file system where they donât have a first-mover/early-buyer advantage.
In other words, one Bitcoin is âworthâ $40K because current holders think it will be worth $20M when they sell it to someone else in the future.
This isnât a productive asset.
Itâs the definition of a pyramid scheme.
But now, just like Tesla, Bitcoin is waking up the legacy players:
Governments.
Unlike Tesla, which inspired a flurry of investment and innovation in the EV space by traditional automakers, Bitcoin has triggered a whole different sort of investment and innovation by governments.
Itâs the kind that will leave you and me and our children in financial chains.
Donât listen to the delusional cult followers who try to tell you otherwise: If a dude/dudette/robotette code-named Satoshi can re-purpose a digital file system and call it money, a nuclear nation with a million-person military and a multi-trillion-dollar budget can hamstring it.
It is only a matter of time before America and many other nations start playing Toyota to Elonâs Tesla and launch their own cryptocurrencies.
On the surface, this might seem like a good thing. After all, isnât it great that the disruptor Tesla has essentially forced Ford and Volkswagen to build EVs?
Sure, but Bitcoin isnât Tesla.
When the legacy nations launch their competing versions of Bitcoin, they will all be surveillance currencies.
These digital coins will still be highly-manipulatable fiat currencies, but they will also be fully traceable, trackable, deletable, and weaponizable. They will be panopticoins that allow nations to economically exclude dissidents at will.
It would be like Tesla launching an EV⊠and Honda deciding to turn the CR-V into a prison on wheels.
We needed a Tesla to wake up the slumbering monopolies and force them to innovate in the EV space.
We needed a Bitcoin to wake up citizens to the realization theyâre being systematically robbed via inflation.
But while the existence of Tesla leads to more EVs for everyone, the existence of Bitcoin just leads to less freedom for everyone.
Our call to action shouldnât be âbuy and HODL Bitcoin.â
Itâs âstop voting for Republicans and Democrats and vote in a new party that will deliver democratic digital money that isnât surveilled.â
But Bitcoiners donât want democratic money.
They just want to sell you their digital files for everything youâve got.