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  • Photo du rédacteurMichael F. Gilbourne


King of Swords, King of Spades, The Bitcoin Maximalist



Satoshi might be saying standing at the door in the King of Binary Code card:

"In my dream, I'm the Bank, it's true,

Now you can be one too, no need for a queue,

No third party involved, it's just us two,

My job is all done, peace out, bid adieu!"


When you open a bank account, you are assigned a public key and a private key. In the United States, your public key is a combination of your account number and a swift/bank code, while in Europe it's your IBAN number. This number can be shared with anyone for receiving funds as it facilitates one-way transactions.

The bank retains the private key, which they use to manage your account. This includes determining any penalties for overdrafts, setting daily and weekly withdrawal limits (including while traveling), implementing seven-day rollover policies, scheduling monthly loan repayments, among other factors. These are all aspects that you agree to when opening your account. The fine print also states that once deposited, your funds become the property of the bank. They can use these funds as they see fit and return them based on their own regulations. Essentially, your money becomes virtual. The bank leverages your deposit a hundredfold, profiting off your back while you incur costs for using a credit card to access your hard-earned money.

In contrast, in the world of Bitcoin, you are the bank because you hold both your public and private keys. You assume full responsibility for it. The only contract is with yourself, eliminating any third-party involvement. Your money remains unequivocally yours, free from external interference. This allows you to regain control over your finances. While this may not be suitable for everyone, it's still possible to retain a portion of your funds in a bank for spending.

However, we do have a choice!

Have you ever wondered about the phrase "In God we trust" on the dollar bill?

Let's delve into a bit of history. This phrase came into existence due to some devout Christians who believed that a nation enduring a painful and costly war (the Civil War) needed a constant reminder of God and His providence. They felt this was something we should acknowledge daily. The phrase even became law, forming an integral part of US history. Its use was approved by Congress through the Act of April 22, 1864, affirming "And this be our motto: In God is our trust." "The Star-Spangled Banner shall triumphantly wave over the land of the free and the home of the brave," as stated in our National Anthem. Essentially, it's better to place trust in the Lord than to rely solely on mankind.

However, therein lies the issue. It's not God who manages US currency; it's humans - specifically, the Government, Federal Reserve, and Treasury.

This realization brings clarity. Faith is crucial, but not necessarily in religion. Instead, faith should be placed in those who govern us - those who continue to print money as if there will be no end to prosperity. Fortunately, since the Bretton Woods agreement in 1971, the US Dollar, as the world's base currency, has been able to export its inflation. This has shielded Americans from the impact of negative trade balances, although the rest of the world has felt this impact. However, this approach is no longer effective and inflation is beginning to affect us for the first time.

Historically, when a currency is removed from a gold standard or similar baseline, it becomes a fiat currency which typically lasts a maximum of 50 years. This milestone was reached in early 2021.

Remarkably, the US Dollar has now exceeded this record by one year! It achieved this by increasing its money supply and distributing more dollars to its citizens. In the short term, the $6000 COVID-19 bailout seemed effective. However, it has been mathematically proven that this action led to inflation, causing goods and services previously priced at $6000 to now cost $8000 instead of potentially dropping to $4000 had no bailout been issued. Essentially, the cost of living is doubling.

When humans attempt to play God, history shows us that the outcome is typically unfavorable. Remember Babylon?

This is where Bitcoin comes into play as a transformative force in our world. It can be viewed as a miracle not controlled by any individual or entity. There's no need for divine intervention; it operates on code alone. Supported by an extensive blockchain network, Bitcoin ensures security and validates transactions through collective computing power.

The more power utilized, the safer it becomes.

Do you wish to blindly trust in "In God we Trust", thereby repeating history? Or would you rather take a leap of faith, envisioning a better future with the belief "In Code we Trust"?

An ESTJ personality in the Bitcoin world would excel as an efficient administrator, displaying strong organizational skills in managing both cryptocurrency assets and teams. Their extroverted nature would make them effective communicators, facilitating collaboration within the crypto community. ESTJs are observant and detail-oriented, enabling them to navigate the complex regulatory landscape and ensure compliance. Their logical thinking abilities would help them make informed investment decisions. However, their judging trait might make them somewhat resistant to adopting innovative, untested blockchain technologies. Nevertheless, ESTJs would be reliable and methodical contributors, adept at upholding structure and accountability in the Bitcoin ecosystem.

"Good order is the foundation of all things"

Edmund Burke


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