A National Defense Aspect Of Bitcoin

I have to start by apologizing to all my “over-seas” (i.e. not from the U.S.) readers if this article comes across as “nationalistic” but it is not intended to be that. Rather, I would hope those readers see in it the wisdom of the Founding Fathers of the United States when they wrote into our Constitution “the right to bear arms”.

A brief excerpt from Wikipedia says

As passed by the Congress and preserved in the National Archives:

A well regulated Militia, being necessary to the security of a free State, the right of the people to keep and bear Arms, shall not be infringed.

As ratified by the States and authenticated by Thomas Jefferson, Secretary of State:

A well regulated militia being necessary to the security of a free state, the right of the people to keep and bear arms shall not be infringed.

Notice that the second (that was the version of the Constitution actually ratified) dropped the “M’ of Militia in the first to lower case in the second and that it did the same with the “S” in “State”. Capital letters signify a proper noun. I didn’t know this until I researched this article but the difference in meaning that the changes made are significant. “State” with a capital S signifies a corporate entitity, meaning the ones that were free were the “States” and not the people. By making it lower case, however, the context of “state” means more a state of existence or a state of mind (sic of being free). A similar change occurs with the word “Militia” vs “militia”.

So how does this relate to Bitcoin? Bitcoin is an unregulate-able and un-controllable form of money creation. Money creation is as powerful a device or perhaps more powerful than arms. One of the most prominent bankers of all time ANSELM ROTHSCHILD said “Give me the power to issue a nation’s money; then I do not care who makes the law.”. Bitcoin, and its derivitive technologies are spawing a renaissance in the people’s ability to create money. Here, in the U.S., the Federal Reserve Bank has had a monopoly on money creation since its inception in 1913 (over 100 years). While we Americans have had the “evils of monopolies” been taught to us from grade school isn’t it odd we accept the notion of a monopoly on money creation?

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