BITCOIN BLUDGEON

The price of one Bitcoin snuck past $15,000 today.

Had you bought (many) Bitcoin (3-5) years ago, you would now be (theoretically) rich.

Assuming, of course, in addition to going back in time, you could divine some means of actually turning that $1 million or $150 million in Bitcoin (value) to cash, or land, or stocks. But, sure, tell yourself you could have been a (multi-) millionaire. Tell yourself you can simply open up that digital wallet and ask one of the many Bitcoin exchanges to deposit the millions in cash into your bank account. Go on, try.

Everyone wants to be rich.

Never before have there been as many theoretical paths to riches.

So why is just about everyone struggling?

And why are those in the richest rich club doing all they can to lock everyone else out?

Americans — most Americans — still — still — want to work hard, make a good deal of money and then exchange that money for the freedom and security and products and services and experiences and niceties it affords.

This is why so many — which is inexplicable to the media, which is inexplicable to me — admire President Donald Trump. He has worked hard, damn hard, and very obviously enjoys all that his money affords him, including boasting about all that his money affords him.

Yes, he was born into money, unlike most, but he then — unlike most born into money — worked all day, all night, every day, every night, to be far more rich than when he started.

Is he gauche?

When you have like-Trump money, you get the choice to be discreet with it.

Americans want money.

Americans want to earn their money.

This is why so many react so bitterly to government healthcare, though they know how vital it is, because it negates their own power, their own freedom, the likelihood of them ever getting a great job with great earned pay and benefits, including healthcare. Earn your wealth, that wealth can be used in part to ensure your good health. Similarly, there’s a reason the only people who are promoting a “universal basic income” — a monthly check sent to everyone, forever — are either already rich or those who hate to get their hands dirty.

Money is power.

Work, build, make, create, extend, increase — and you earn money.

Which earns you power.

Earned power is the wisest of all the powers.

Someone sends you a check, not only did you not earn it, and this informs you you are lesser than they, but you are now dependent upon people you don’t know and who don’t know you and may not understand you and probably couldn’t care less and so could stop your monthly check or make you bark for it.

That’s no way to live.

This is why those working so hard — for just $15 an hour — are driving up the price of a Bitcoin, or throwing their money away on obviously doomed Initial Coin Offerings. They don’t need to be taught the foolishness of investing what they don’t have on a ICO con, they already know this, just as they already know they probably aren’t going to win the Lotto, but when all the other ways are shut off to them, the almost certainly impossible odds are still better than not at all.

We hear tales of a handful of fortunates who were early investors in Silicon Valley Big Next and who are now worth many millions, even billions.

Yet, late into the second decade of the 21st century, with everyone on the Internet, with crowdsourcing a provable business model, with instant access to information everywhere, it remains nearly impossible for any actual hardworking American to become an early stage investor — in anything.

Go on, try it.

Note all the legal barriers and financial regulations placed before you.

Okay, fine, but you are smart, insightful, resourceful, and so you know to be first in line to buy shares of Silicon Valley Big Next the very moment it goes public.

Nope.

Insiders have now created a “secondary market” that essentially allows the fortunate few to buy and sell their shares only to other insiders, shutting off outside access and preventing you from ever taking part in the financial bounty.

You are being systematically denied the opportunity to participate in the future’s bounty. It’s a rigged economy, despite all the apotheosized potential.

Bitcoin is a gamble. It’s also a sledgehammer. Both of these are needed right now.

“Now, when I talked to God, I knew He’d understand.
He said, ‘Stick by my side and I’ll be your guiding hand.
But don’t ask me what I think of you,
I might not give the answer that you want me to’.”

No one could have imagined Fleetwood Mac would become what it became.

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