Bitcoin, Consensus Algorithm

Bitcoin Unleashes the Power of Free Speech

Why do I support Bitcoin and this technology? It is because I see it as more than money. Bitcoin is a free speech app that can be distributed around the world. If we see it as an innovation of law, disruption that comes with wider adoption of this technology has large implications in governance systems. 

People are becoming more and more aware of the endemic corruption of existing institutions and governments, or at least recognizing how these systems are becoming outdated. Representative models of governance have become bastions of human greed and concentration of power.

Representative democracy has increasingly become a mask used by ruthless and remorseless individuals to hide and gain a grip on the populace. Behind the veil of secrecy, these psychopathic people leverage our trusting nature and construct promise-based governance. For instance, corporate masters behind the charade of electoral politics sponsor political candidates, who with campaign promises keep people passive and manage down their expectation levels. With future faking, which involves making plans that will never happen and gas-lighting, a tactic known to challenge one’s memory, they deceive and gain power over others.

Money dependent on systems of representation requires trust to work. This has largely been turned into promissory notes and fabricated interest obligations, becoming a weapon for psychopathic control. With the creation of the Federal Reserve and other central banks, private corporations began taking over the supplying of money. This centrally planned money production intermediates human relationship by dividing all into classes of creditors and debtors, where the former are masters, while the latter often become de-facto slaves.

Over the decades, democratic governments taken over by cannibals within humanity have become vehicles of control that have lost their fail-safe. Increasingly, people are being held hostage by this corrupted political system. While the flow of currency is controlled, free flow of speech has become permissioned.

Satoshi’s act of publishing the white paper in 2008 unleashed the power of free speech. Progress and true social change is only possible through each person freely sharing their ideas and associating with fellow men and women to innovate a better system. It is clear that the creator of Bitcoin was concerned about the deep corruption of governance, considering the message embedded in the first block of the blockchain, known as the Genesis Block. It reads “The Times 03/Jan/2009 Chancellor on brink of second bailout for banks” (cited in CryptoBond, February 29, 2016).

Bitcoin is an open source project that brings together diverse developers around the world who are inspired by Satoshi’s freeing of speech. By writing codes, they too have begun exercising this right to free speech. Permissionless free speech gives us a viable alternative; we no longer have to believe in someone’s promise, whether it is a president, elected officials, bankers or credit card companies.

While psychopaths deceive us and exploit our trust with promises that never match real actions, Bitcoin, as a further evolution of the Cypherpunks, is stewarded by those who embody the ethics of Cypherpunks. Developers don’t make promises. They speak with code. By making software open source, which allows anyone to read and modify the codes, innovators of these systems make themselves available to be held accountable by their peers.

This freely available code calls for people’s voluntary association with a particular speech that uphold values of privacy and financial sovereignty, carrying a vision of a seamless currency with no third parties or central servers.

In the current system of governance, free speech requires permission and with permissioned systems, the whole world is becoming more oligarchic. Bitcoin opened a system of governance where each person’s participation in uncompromising free flow and free speech creates a network effect, that could help determine a new course for our future.

Hayase, N. (2017, December 18). Bitcoin’s scaling challenge brings the battle for liberation of cyberspace. Bitcoin Magazine.
Hayase, N. (2017, May 15). Changing the world without taking power? Bitcoin and challenges of consensus
Hayase, N. (2017, April 21). Bitcoin’s unlimited potential lies in its apolitical core CoinDesk.
Hayase, N. (2016, August 15). Bitfinex heist rings the alarm of Bitcoin centralization CoinDesk.
Hayase, N. (2016, July 18). Bitcoin, innovation of governance; lightning rod striking balance of power Falkvinge & Co on Infopolicy.
Hayase, N. (2016, July 15). Bitcoin, innovation of money and evolution of governance openDemocracy.
Hayase, N. (2016, February 11). Why Bitcoin’s scaling debate is an opportunity not a flaw CoinDesk.
Hayase, N. (2016, January 26). Why Bitcoin consensus matters The Cryptosphere.
Hayase, N. (2015, October 17). Why we should care about Bitcoin governance CoinDesk.
Hayase, N. (2015, July 26). The Blockchain is a new model of governance CoinDesk.Hayase,
Hayase, N.  (2015, July 6). Blockchain vs. vulture capitalism openDemocracy UK.
Hayase, N. (2015, June 27). Bitcoin; Technology beyond ideology and a call for evolution Falkvinge & Co on Infopolicy.
Hayase, N. (2015, May 10). Russel Brand and the currency of revolution Dissident Voice.
Hayase, N. (2015, May 4). Bitcoin; Dispelling the modern myth of money The Cryptosphere.
Hayase, N. (2015, April 25). Bitcoin paves a way for evolution of the species CoinDesk.
Hayase, N. (2015, April 10). With looming financial war, Bitcoin ushers in peaceful insurrection
Hayase, N. (2015, March 22). Coding freedom; can blockchain technology help build a foundation for real democracy? Falkvinge & Co on Infopolicy.
Hayase, N. (2015, February 14). What is Bitcoin’s true intrinsic value? CryptoNews.
Hayase, N. (2015, February 3). Bitcoin, cryptokey unlocking the autonomy of trust Falkvinge & Co on Infopolicy.
Hayase, N. (2015, February 2). How Bitcoin can create a truly global antiwar coalition BitcoinNotBombs. com.
Hayase, N. (2015, January 6). Understanding Bitcoin and its disruption through its roots Falkvinge & Co on Infopolicy.
Hayase, N. (2014, November 22). The Blockchain and the rise of networked trust Coindesk.
Hayase, N. (2014, November 10). Bitcoin, the beginning of open source governance? Falkvinge & Co on Infopolicy.
Hayase, N. (2014, October 24). Is Bitcoin the red pill? Unplugging the Matrix Bitcoin Magazine.