THE BET

The moment that it becomes evident that our stock markets face imminent collapse, money will shift out of current holdings and into the only available safe haven which is Bitcoin. Similar to the cartoon Roadrunner, Bitcoin just won’t go down. Ever since its inception in 2009, Bitcoin has successfully weathered a plethora of serious attacks. Indeed, whatever has been thrown at Bitcoin has not stuck, but rather, has been deflected. Political assault in the form of national bans has simply caused the local Bitcoin mining industry to shift to another territory. Technical assault in the mode of cyber intrusion and denial of service has found no lasting traction and exposure to the bastard virus has simply produced Bitcoin network resilience and immunity. Moreover, just as some new discoveries may at first appear to spring from a plot designed to mock us, and especially for those of us who had considered ourselves to be ahead of the curve, only to find that there is yet another bend in the road of life, and that we will have to adjust and manoeuvrer one more time, Bitcoin stubbornly remains here, undiminished and unrepentant, and each of us must now adapt or be surpassed.

As things stand, western societies are currently experiencing a state of slow decline. But soon enough, the pace of that declination will likely increase significantly, and when that moment arrives, history indicates that the rapid onset of societal collapse shall take hold. During such a time, each of us will be compelled to figure out a way to survive and pull through. If it is human nature to make the best out of every scenario, and it seems reasonable enough to consider that this may be the case, then it remains entirely logical that as our stock markets collapse and companies and businesses go under one after the other, federal governments will bet against their own national currencies by printing excessive amounts of the same national currency which they will then use to trade for Bitcoin, the sole asset class capable of pushing back against any attack upon itself, due to its inherent irreproducibility and its salient preference for decentralisation. Whenever this event occurs, the national currency of the trader will swiftly forfeit all of its practical qualities, either through devaluation or inflation, which means that it will die. Those who continue to hold the national currency as a store of value and a unit of account and of course, as the thing that gets us the stuff that we need and want, will find that what they presently hold is paper but not money.

Punk Human