Today sees the opening of the first Bitcoin ATM cash machine in a Canada coffee shop. This signals a change in global currency that will sweep through all of our lives. We’ve already seen attempts to unify currency here in Europe, even though the UK refuse to let go of the Great British Pound, there are still benefits to one global currency. However, what are the costs and why are some resisting?
Bitcoins were launched in 2008 and are traded within a global network of computers. They are not backed by a single company or government, but their release is tightly controlled, mimicking a central banking system’s control over the minting of money.
Bitcoins can be bought with near anonymity, which supporters say lowers fraud risk and increases privacy. But critics say that also makes bitcoins a magnet for drug transactions, money-laundering and other illegal activities. In September I met a bitcoin trader in London (while sitting on Primrose Hill in a storm) and he agreed it is an excellent place to trade and sell illegal goods, such as drugs. However he also outlined the freedom the currency has from large industry control. The currency’s reputation took a hit this month, when U.S. regulators shut down Silk Road, an online marketplace used to buy and sell illegal drugs, and seized $3.6 million in bitcoins.
But the virtual currency is gaining hold among businesses and consumers, a key step to a bigger role.
What are the consequences of a Global currency? Who is scared of this unified independent currency. One global, digital currency means in effect cutting out many of the middle men banks and their commissions. Foreign exchange fees are a big earner for banks and go some way to paying the ridiculous bankers bonuses, most of the reason behind the Occupy (Wallstreet) movements. It is also about those who control the current system, loosing control. With the devolution of currency control out of the hands of any one country or one banking system we find ourselves taking back control. This will encourage (from heart) a more balanced global exchange of labor, energy and goods.
Of course there are those who don’t want this. Mainly the uber rich, those 1% of the population that control 80% of all the World’s wealth. They set to loose out big time with this global currency. The bitcoin is the first step in that direction.This is a great animation about the distribution of global wealth.
The bitcoin is yet another representation of the shift in consciousness away from limited control systems into a more real world democratic power to the people system, where prices and worth are not set by some fat man trader sitting in Wallstreet or the London Stock Exchange, but by the people actually on the ground who are most effected by value of a cup of coffee.
This brings us back round again to the Russell Brand argument about the established corrupted systems of government I talked about in a previous article. There is a new wave of consciousness unfolding throughout the people and it will narrow the divide between the rich and the poor. This will not happen through trying to bandage up the current broken system – there needs to be a revolution of sorts, a change from the foundations upwards. As with sexism and sex differences across the globe (like No Woman No Drive issues in Saudi) quality is rising to the collective consciousness. Welcome the new world order, and not one run by the Illuminati elite or religious dogmatic fear mongering controllers, but by you and I.
I suggest you take a look at the Zeitgeist movies, in particular the 2nd (below) and the 3rd. Here they outline the origins of the money system and how corruption and complex distraction has maintained the ILLUSION of worth, while the banking system itself is a fraud. The best trick the devil ever pulled was to convince the world he doesn’t exist. This is just a saying to explain that the best evil is that which has tricked you into thinking it is not there, as such you maintain your own illusion of reality, being your own prison guard, limiting what you notice and what you see that might contradict your current stand point. Again, no one wants to be wrong, but be brave, be courageous, with heart. Question, explore, feel uncomfortable and carry on through it till it pops and you find yourself free. There are other ways to live in an exchange society. How do they do it on Star Trek? Find out and keep questioning the Zeitgeist