June 9, 2023

Bitcoin: antivirus (medicinal mushroom)

We all heard about the incredible potential of Bitcoin in the future. I myself undoubtedly stand for reliable money. and social scalability. However, this drama will take decades. But what if Bitcoin does not last long enough to realize its full potential?

Fortunately, Satoshi has learned from failed attempts to create private money. Bitcoin's genetic code was developed with an emphasis on maximum survival.

In this article, we examine the fertile macroenvironment (macroeconomic conditions) and Bitcoin's viability through the prism of mushrooms.

Here is a list of all the articles in this series for your convenience:

  • Part 1. Bitcoin - a micellar decentralized organism (mushroom)
  • Part 2. Bitcoin is a social creature (mushroom)
  • Part 3: Bitcoin - Antivirus (Medicinal Mushroom) - This Article
  • Part 4. Bitcoin - a catalyst for human evolution (space money) - coming soon!

* Translation of the fourth part will appear on BitNews soon *

Well then, let's get started!

Honey bees, Varroa ticks and medicinal mushrooms

In 1997, one inquisitive mycologist namedPaul Stamets observed extremely unique behavior demonstrated by honey bees. Bees did their best to drink water containing mushroom spores. “Hm, curious!” Thought Paul.

15 years later, Paul began linking all the facts intoa single whole. Honey bees died out in unimaginable quantities due to the syndrome of the destruction of bee colonies. In addition, bees died from being infected by Varroa ticks, which are carriers of deadly viruses such as the wing warp virus and Lake Sinai virus.

Chemical fertilizers used in modernagriculture, poison bees, thereby significantly reducing their immunity against Varroa ticks. Bees flying around the area spread ticks among neighboring bees, which has led to a 70% reduction in the bee population since 2005.

But who needs these bees?

Bees are the main species responsible forpollination of a large percentage of our food sources (avocados, almonds, etc.). If we lose bees, countless negative consequences arise, such as lost jobs, destroyed ecosystems, and reduced food security.

Left: selection of products with bees. Right: a selection of products without bees.

But let's get back to our mycologist Paul,which in 2012 made a monumental discovery: mushrooms, as you know, support the immune system - bees must have known at an instinctive level that they should drink mushroom water. Paul tested his hypothesis and then demonstrated that using a simple antivirus “mushroom medicine” can reduce the effects of the wing strain virus and the syndrome of destruction of bee colonies by 80%.

The existing monetary system is the Varroa tick.

Our current monetary regime, based on central banks, is similar to the annoying ticks of Varroa attacking our financial markets.

  • Varroa ticks are hard to kill - fiat currency regimes benefit from a monopoly on violence;
  • They spread viruses to everything they touch - market distortions, clans, usurpation of regulatory functions;
  • Negative subsequent effects - irrational use of capital, increased time preferences, limited labor productivity of people, increased risk of disaster;

Bitcoin is an antivirus (a medicine from mushrooms) that "saves bees."

Bitcoin (a medicine from mushrooms) preventsthe spread of destructive financial hegemony (Varroa ticks), which will certainly mark the beginning of a new era of human achievement (saving bees also has side effects, one of which is ensuring food security).

Heading to the Great Unknown

We are entering a period of uncertainty never before seen by our civilization. The fiat money experiment is shaky and our social systems are starting to collapse.

Globally, we are facingunprecedented levels of public debt to GDP ratios. The US Federal Reserve, the European Central Bank, the Bank of Japan and the Bank of England now seem to "own a fifth of their governments' total debt." At the Central Banks "moves are ending."

In a last desperate effort, the EuropeanCentral banks promote negative interest rates. Are we really going to let the mainstream banking system charge a fee to depositors for storing our digital fiat funds in their unreliable panoptic banks?

What about China?

China's real estate market has been volatile for a long timeneeds correction. Capital controls and profitability in a slowing economy have led to bloated real estate prices in China. What happens when the market adjusts and everyone rushes to exit? It would be better for them to have a план plan.

But what about the USA?

Currently, US debt exceeds 22trillion dollars, but do not expect the United States to default. Former Fed Chairman Alan Greenspan said: “The United States can pay any debt, because we can always print money to do this.”

Easy money is a specific drug

In an instructive article entitled "This is Water"Ben Hunt explains how artificially low interest rates (easy money) lead to reduced productivity and zombies in our financial markets. The same picture preceded the financial collapse of 08/09.

“The reason companies do not investmore aggressive in factories, equipment and technology, is that we have the most accommodative monetary policy in the history of the world, and corporations have access to the easiest money they have ever seen. Why the hell do managers need to take the risk — and this is definitely the risk — by investing in real growth when they have such a huge amount of easy money that they can exceed earnings forecasts by simply buying back the shares of their companies without risking anything? Why the hell do managers need to take the risk — and this is definitely the risk — by investing for GAAP profits when they have such a huge amount of easy money that they can exceed earnings forecasts by simply buying companies with non-profit sales? Why should companies even take risks when the Fed eliminates all the negative consequences of companies following such a strategy? ”

Social structures show weakness (give weakness)

Countries around the world strive to eliminatecash. Cash is a fundamental tool for privacy and a prerequisite for maintaining an open society. Without cash (or bitcoins), citizens are in the grip of a financial supervision machine. Truly a slippery track.

Do not forget the social credit system in China. Soon, Chinese surveillance technology will be exported worldwide.

Young people do not trust their governments orfinancial institutions. 40% of Americans cannot afford the unexpected cost of $ 400. Not surprisingly, potential Democratic candidate Andrew Yang is gaining momentum in polls during the campaign for unconditional basic income.

An Uncertain Future - Perfect Nutritionenvironment for breeding extremism. Democratic socialism, Modern Monetary Theory (MMT), Negative Interest Rate Policies (NIRPs), cash warfare, a widespread consumer approach and rising student debt are just symptoms of a neglected regime.

Our traditional institutions are simply not able to cope with the complexities of the information age.

Current attempts to repair the political and economicthe car is driven inside without any irony by the “waste heat of a military machine” (thanks to Vinay Gupta). We need system changes. Something made from another dough.

But what if suddenly a system of reliable money (Bitcoin) is the antidote to insanity?

I console myself with the hope that in the future we will look back with disgust at our current "fiat money banking experiment." And how could we live so long under such an archaic regime?

How mushrooms turn dead and dyingorganic matter into a new life, in the same way Bitcoin will turn the decrepit banking system into a solid financial foundation on which new growth can occur.

The Great Filter of cryptocurrencies

Can Bitcoin hold out long enough to reach its full potential?

Cipher banks, anarchists and voluntarists are already veryfor a long time trying to create private, non-state money. In fact, modern attempts have been going on for over 30 years, starting with the advent of Ecash by David Chaum and continuing with E-gold and B-money.

Despite the relative success of private money before Bitcoin, it was ultimately all closed due to the excessive influence of governments and / or business interests.

Theory of the Great Filter

The theory of the “Great Filter” was developed after we wondered why we still have not been able to find intelligent life in the Universe. And where are all the others?

This theory argues that during the evolutionary process of life there are some obstacles that are extremely unlikely or impossible to overcome. This obstacle is the Great Filter.

For example, what if every timecivilization created nuclear bombs, did it end up destroying itself? In this case, it would be statistically unlikely that it would exist long after the invention of nuclear weapons.

: The Fermi Paradox, Tim Urban

For cryptocurrencies, the “Great Filter” is to survive in conditions of attacks at the level of sovereign states

Bitcoin is the only monetary entity that has a chance to survive the great filter. See below for more details..

And why should a sovereign state or an entrenched business attack a competitive form of money?

In short, the one who has the gold sets the rules.

There are two main advantages of controlling money supply - the ability to inflate money supply (shadow tax) and the Cantillon effect.

The cantillon effect describes unevenmoney distribution. When the Central Bank prints new money, those who are closest to the money (banks and large corporations) profit from new “cheap money”. By the time the rest of the population gets access to new money, price inflation has already begun.

The Cantillon effect leads to a redistribution of wealth from the poor to the rich.

“I don’t care which puppet they put onthe British throne to rule an empire in which the sun never sets ... Whoever controls the issue of British money rules the British Empire, and I control the issue of British money, ”Nathan Meyer Rothschild

The government is doing everything possible to protect its monopoly.

Like E-gold in the 1990s, anyrival cryptocurrencies can thrive in peacetime. However, being quite angry, those in power rush to defend their interests. History is literally littered with similar examples.

Between 2006 and 2008, the US governmentmade amendments to the definition of “license for a money transfer system” (under the guise of the “Patriotic Act”), directed just against E-gold. At the peak of its business, E-gold processed transactions worth more than two billion dollars a year. Unfortunately, the US government took advantage of the centralized nature of E-gold, kicked the doors and closed the office.

What is the moral of this story? It's simple - governments do not like competition.

Here is the actual confirmation of this statement -Congressman Sherman of California recently called for a complete ban on Bitcoin. Sherman is amazingly knowledgeable. He understands the true mission of Bitcoin: the creation of new global fixed assets that the world’s superpower today cannot use for military purposes.

In 1984, the famous Austrian economist Friedrich August von Hayek unknowingly laid the foundation for Bitcoin's evolutionary strategy: to be unstoppable.

“I do not believe that we will ever have againgood money if we don’t take this thing out of the hands of the government. In other words, we cannot forcibly take it from the government. All we can do is to introduce something in a tricky roundabout way that they cannot stop, ”Friedrich Hayek

With frightening insight, Hayek predicted Bitcoin about 25 years ago.

Satoshi definitely read Hayek and understood “The Great Filter of Cryptocurrencies”

In 2009, Satoshi Nakamoto released the practical embodiment of Hayek's "unstoppable money." From day one, Bitcoin was designed to overcome the Great Filter.

“Many people automatically reject electroniccurrency as a hopeless business because of all the companies that have failed since the 1990s. I hope that it is obvious that the centrally controlled nature of these systems doomed them to death. I think this is the first time we are trying a decentralized, non-trust based system. ”- Satoshi Nakamoto

Bitcoin, so that he can realizeits full potential should be so stable that even state-level structures could not succeed in its destruction. This means that neither side has full control over the system.

Parallels with mushrooms: the most stable species on our planet

Ancient mushrooms called prototaxites.

Over 1.3 billion years of evolution, mushroomshave achieved excellence in the art of survival. Unlike plants, mushrooms do not need sunlight, they are able to extract / create their own food. Mushrooms do not have a central point of failure, which makes them resistant to attacks. With sufficient irritation, fungi steal the genetic code from their ecosystem neighbors (horizontal gene transfer).

Since complex life forms arose on our planet, there have been 5 mass extinction events in which 75-96% of all life on Earth has died.

During every such global catastrophe, mushroomsinherited the earth due to its "anti-fragile" nature. In an attempt to survive the Great Filter, Bitcoin mimics the effective evolutionary strategies observed in the realm of mushrooms.

Can Bitcoin survive the Great Filter?

How can you crush Bitcoin? Turn off the internet? Declare its use illegal? Tax it hellish?

Any cryptocurrency that cannot (in fact) survive the aggressive opposition at the state level is meaningless. Such cryptocurrencies simply delay their inevitable demise.

Satoshi designed the super-organism of Bitcoin,so that he can survive the Great Filter and resist corruption. Such an ambitious goal gave an initial impetus to development along a special evolutionary path, separating Bitcoin from all other cryptocurrencies and “blockchain projects”.

Does this mean that Bitcoin is guaranteed to survive the Great Filter?

Is not a fact. It is impossible to know in advance until the day comes when he will undergo a coordinated attack of any state-level structure. However, Bitcoin is the only existing cryptocurrency that has every chance. Let's look at some positive trends in the Bitcoin Survival Toolkit.

  • Bitcoin Unregulated. No individual or legal entity is in charge. Code is freedom of speech. Each country has its own competing jurisdiction.
  • Game theory protects Bitcoin from a global coordinated attack. Nation states compete with each otherfriend. Leading countries are unlikely to cooperate on this issue. If the US bans Bitcoin, China will have reasons for its implementation. States that do not enjoy the current US dollar regime have an incentive to accept Bitcoin.
  • Bitcoin's PoW protects the registry with an “energy shield." Linking Bitcoin to a Real Economiccost (energy), the only way to change its registry is to "re-do all the work," that is, re-spend the same amount of money in the form of electricity. [thanks @danheld]
  • Bitcoin inspires religious enthusiasm for its supporters. Ideologically motivated "supportershard line "act like an immune system. Survival in large-scale wars (NYA / S2X) demonstrates this. Bitcoins “provide cover fire” until Bitcoin enters the door. [thanks Bitcoin Sign Guy]
  • Bitcoin May Bypass Censorship of an Internet Service Provider. Bitcoin has a growing network of alternatives to the mainstream.Internet (wire networks, amateur radio and satellites). It is even possible to route transactions through the mycelial network (this is theoretically possible).
  • Bitcoin is an idea, ideas are eternal. Bitcoin spreads like a virus in the minds. Even if somehow the current form was “killed”, the idea will live forever. “Is this snow avalanche a virus, a drug, or a religion?” Juanita shrugs. "What's the difference?" [thanks @nealstephenson]
  • Bitcoin privacy improvements reduce taxability. CoinJoins and other software technologiesConfidentiality will minimize the possibility for governments to attack Bitcoin through predatory tax laws. [thanks @wasabiwallet @SamouraiWallet]
  • Bitcoin minimizes the possibility of fraud. Bitcoin does not rely on trust. Think in terms of “cannot be changed” instead of believing that the system “will not be changed.” Bitcoin identifies the presence of leaders, formalized governance and concentration of power, as potential areas of attack, just waiting for their moment.
  • Nation states underestimate Bitcoin. It wins Bitcoin time to becomestronger and harder to destroy. The dominant banking system is digging its own grave with a shovel made 100% of pure arrogance. If only we had a backup plan "₿".

So far we have not seen a single serious attackon Bitcoin at the state level. However, if Bitcoin continues to be saturated with value, there will be an incentive to attack it. In the future, we will call this period in the life of Bitcoin a "great world."

Alternative Game Theory: A Honey Badger Live Here

Bitcoin only needs to convince several superpowers that the reward from its implementation outweighs the potential risks of attacking it.

Caution! Watch out for the honey badger!

This game theory is like a sign stuckin front of your house, which says "a security system has been installed" or "a big angry dog ​​lives here." It does not matter if you actually have a dog or a security system, the threat itself acts as a deterrent to potential attackers.

Bitcoin has a sign stuck on the front lawn that says, “Beware of the honey badger!” This sign serves as a reminder to nation states that Bitcoin is not so easy to kill.

If nation states trydestroy their monetary competition, they thereby, in the first place, emphasize the very need for Bitcoin. And yet - the longer they wait, the stronger Bitcoin becomes.

Blockchain industry is a distraction (“red herring”)

First, it’s important to understand that blockchains,stablecoiners, adherents of investment tokens and corporate networkers do NOT compete with Bitcoin. They taxonomically branched off and are trying to occupy a separate niche.

By and large, the “blockchain industry” isa distracting maneuver (“red herring”), leading businesses and governments to false conclusions. It serves as a distracting irritant and itself, not wanting to, provides Bitcoin with “covering fire”.

Does this mean that we should shun blockchains? The answer is no. They simply mistake blockchain-hype (mushroom) for Bitcoin (mycelium network).

First, we should try to explain to them, since most people were not born bitcoin miners. However, intentional scammers deserve to be burned.

How the blockchain industry is helping Bitcoin ...

Blockchainers tie up government resources, train future developers, confuse existing companies and put to sleep gangster bankers (banking mafia).

Banks like JP Morgan will train hundredsblockchain developers. Sooner or later, they will discover Bitcoin and say goodbye to a trivial bank coin and instead join the peaceful revolution. It turns out that JP Morgan is financing its own demise? How poetic.

Zuckerberg will soon put"Crypto-wallet" in the pocket of everyone. Instead of competing with Bitcoin, ZuckBucks (Zuck Bucks) could actually try to compete with the US dollar. In any case, this allows people to feel comfortable with private money in their phone, as is the case with WeChat and Alipay. The first large-scale censorship company against ZuckBucks, first of all, perfectly demonstrates the need for Bitcoin.

Blockchainers and scammers claim that Bitcoinis old and cannot scale. These are Beanie Babies (plush toys) and MySpace (social network). They paint Bitcoin as a friendly but limited to use mushroom that “brought us the blockchain”.

While the fashion trend of the blockchain is chasing itswith its tail, Bitcoin quietly grows underground, merging with the "roots" of the traditional financial system, building up resilience, recruiting volunteers, infecting curious minds like a cordyceps mushroom and preparing for the Great Filter.

If we are lucky, then blockchains will continue to distract the world's superpowers by just enough for Bitcoin to become "too big to fail."

Let's round

Did you like the third part? Soon the fourth will be released, in which we will consider Bitcoin as a catalyst for human evolution. Here are links to the first and second parts in case you missed them.

* Translation of the last part will appear on BitNews soon *

The announcement of the fourth part: Let's assume that Bitcoin has fulfilled itsmission as a global monetary base. What will be the consequences of the release of globally accessible, technologically advanced, open, ideal money? Bitcoin gives humanity the opportunity to reach the celestial realms. Bitcoin is space money. Bitcoin is a renaissance.

Thanks for reading