Bitcoin Halving T minus 3 and counting

Well hello out there in Bitcoin land. I am writing another article about the Bitcoin halving as the last one worked out very well. I sold some Bitcoins as a result of it. In life, it's all about the results. If your not getting the results you want, then take a moment and do something different. If your looking at Bitcoin, it might be because the world your living in, isn't giving you what you want out of life. I got turned on recently to a show on Netflix called "House of Cards". I actually don't watch this show... I study it. The hero in the show is skilled sociopath negotiator named Frank Underwood, played by Kevin Spacey. He starts out as community organizer, I mean Majority house whip. Through a series skillful political maneuvers of negotiation and double crosses he ascends to president of the United States. With so many similarities I wonder if they are blurring the lines between reality and fact. In the show Frank has some sayings the one that comes to mind is "If you don't like how the table is set then turn the table." Bitcoin is one of the most powerful mechanisms that "we the people" can use to "turn the tables" on the sociopathic criminals that currently "run the world".

Brexit

I was reflecting the other day about the Brexit Vote where the British voted to leave the EU. You really got to hand it to the Brits for having the mental fortitude to take their country back. Don't believe for a moment, that they are actually going to leave the EU. I'm sure the British sociopaths that run that country who are intimately connected to the EU sociopaths in Brussels are never going to let that one happen. Now the British Parliament has to debate and "vote" to move forward with Article 50 of the EU Constitution. Then there is a 2 year negotiation period. They will end up patching it up and have another vote and with the loss of the financial sector moving to Dublin or Frankfurt the Brits are likely to crack.

The point though is this: the ONLY reason that the British had the guts and the willpower to get out of the bad deal they were in, is because they were the only ones in the EU that kept their own MONEY! Had the British not kept their own currency, it would be next to impossible for them to secede from the EU. How would they be able to do business otherwise? This is how governments control: through laws designed to protect the BANKS; the main purpose for all the other laws, is to create bureaucracy. Bureaucracy, is designed to create problems so large only it can solve them. Governments create cozy partnerships with the banks, where they can impose a currency that creates artificial scarcity in that society.

The governments then borrow money from the banks and because all governments use inflationary fiat currency models they get to pay back loans with cheaper dollars. Now this works great for the pirate class; however, if your in the plundered class, it doesn't work very well. This is the exact reason that Bitcoin is being so successful, everybody gets to play by the same rules. Human beings play games all the time like Monopoly, Baseball, Jeopardy and everyone has the same rules. Yea, some people like Lance Armstrong cheat and bend the rules. But in the real game of Life, human beings have been brainwashed to accept somehow that there is this entire class of people who work in government and they have a different set of rules that apply to them and another set of rules that apply to everybody else.

The Bitcoin network doesn't care who you are, what you look like, how connected you are to Dick Cheney, Donald Rumsfeld, or George Bush. Everybody plays by the exact same rules. This is the difference that Bitcoin brings to the table for every individual on the PLANET! Now anyone, young or old, black or white, male or female, documented or undocumented, free or slave, heck they could even be from Mars, has the same power as the bank... Now that is POWER!

In life there are immutable laws, like gravity, thermodynamics, math, supply and demand, things that are beyond legislation. Supply and demand is what determines the price of Bitcoin and everything else people value in life. When people demand things, it's because those things have value.

Attributes of value

For example, if I am hungry, I want food. I will have no problem paying for food even if that food is overpriced. Or if it is summer and live in Arizona, I will have no problem paying whatever it costs for air conditioning. It is the attribute that people want not necessarily the thing itself. For example I don't necessarily want food if I am hungry, what I want is to remove the sensation of feeling hungry that having the food solves. Or if I am hot, I will pay whatever it costs for A/C. I don't really want air conditioning, I want to feel cool. I want the attributes of the thing I want, not the actual thing. This is the same with Bitcoin, people want the attributes it provides and that what gives it VALUE! The difference is Bitcoin, the thing only exists in the digital world.

Bitcoin has all the attributes of industrial age money that give money value, plus it also is a quantum leap forward in how money will be in the future. Things have to be easier in the future than they were in the past. That is why we have cars instead of camels, cell phones instead of smoke signals, flush toilets instead of outhouses, we live in houses instead of caves. Humanity has 25,000 years of making things easier, faster, better, more convenient today, than in the past. Why is it that the money system is still the same as it was 200 years or more ago? That's because the people who run the world like the money system exactly how it is. If you don't like it, you can move! Having Bitcoin is like having the future TODAY!

Attributes of Money

Money only exists as a construct of the mind and over time humans have used metals and paper to represent its attributes. The attributes are scarcity, durability, counterfeit resistance, divisibility, portability, and storage of value. The other attributes that Bitcoin adds are counterfeit proof, unfreezeablity, ease of divisibility, instantaneous portability, uncensurable and no trusted 3rd party. These attributes make up the demand vs. the supply that gives Bitcoin the price that it is right now. Checking Bitcoinaverage it shows a price of 673.68 federal reserve notes "dollars" to 1 Bitcoin.

As of this date July 6 2016 the Bitcoin network creates approximately 3600 Bitcoins a day from the mining process. This means that every day 3600 more Bitcoins need to bought for fiat currency than sold for fiat currency else the price goes down. For the last 15 months the predominate price of Bitcoin has gone up or stayed even. Now in 3 days 6 hours the global supply of new Bitcoins being created is going to be cut in half, because that is how the Bitcoin Protocol is designed.

Supply and Demand

On July 9, 2016 the daily production of new Bitcoins through the mining process is going to drop to 1800 because the block rewards is being reduced from 25 to 12.5 Bitcoins The 15 month chart price chart where the price went from $198 on January 14, 2014 to $673 on July 6 that is with 3600 Bitcoins added every day. What could the graph look like with half as many of new supply being added every day look like? As more and more people every day start using bitcoin and the supply is also reduced, I don't have to be a economics professor to figure that one out. Instead waiting on getting bitcoin just get some. If you already got Bitcoins get some more. The future is here, now is the time to get yours!  Easiest way to get started, Morpheus on Localbitcoins!