Since the age of the Internet and .com bubble, maybe Bitcoin is the most famous and so profitable buzzword, we have ever heard about. It has been more than a decade since we all hear about the fortunes that have been made exploiting Bitcoin and so lives that have crashed and capitals that have been wiped, again by the invisible hand of Bitcoin and Crypto currency as well.

But for the sake of Technology, What is really behind this new buzzword that has reached all the wires, hearts, attentions, and capitals?

This note aims to review different ideas and elaborations on #bitcoin, its roots, motives, driving forces, and the road ahead. Ideas are directionless, just based on the observations around the issue (#Bitcoin). It is not simple to judge a phenomenon that no one even knows about its root and foundation. But at least we can shed some light on the hidden sides so the subject is much easier to comprehend and judge.

Bitcoin: Blame or a Blessing?

Considering Bitcoin Motives

Like any other phenomenon, the #bitcoin and its allies (other crypto currencies) have their root, somewhere that should be discovered and described. It is not possible to digest the whole issue, without checking its roots, motives, and drivers. This part of the article helps us to frame the subject and discuss it in a more directed, clear, and comprehensive way. Aside from this, this helps us to wrestle with the problem in a more subjective (the goal of the note and the way it should be) rather than Objective (the way we have accepted Bitcoin) way.

Motives of emergence (creation is far from a proper word for what Bitcoin has been all behind the hidden names, roots, organizations, and movements from the time of emergence) can be divided into two major categories:

• Passive motives
• Active motives

Passive Motives

Passive motives, passive movements, and passive changes are the best way and mean to drive the crowd, and make the big changes and transformation, while it is all hidden and secret behind the different figures, frames, and buzz. Passive motives help society and politicians to propel the drastic transformations, while no one is blamed and questioned by the crowd and the whole society.

Review the history and learn how the passive movements and changes have transformed and reshaped the social conditions and following situations.

Technology-driven forces

Bitcoin first originated from Blockchain technology which is the fruit and outcome of the evolution of the Internet known as the transformation of Web 2 to Web 3.

Human-evolution force

Like other evolution, there are human forces that can generate, drive, evolve, and lead the whole transformation. This aspect stands for the evolution of social life, human relations, transactions, and the whole flow of works and information that led humans to seek strategic means and concepts for dealing with new challenges. Blockchain and the following Cryptocurrencies are just the outcomes of human information labor (I just tried to take this from a Darwinian perspective J).

The #digital_labor, regulation, relations, and flow of life’s events, all call for a new type of technology that can come up with a reasonable solution for the present challenges brought by digital means and manners. No surprise that the answer lies within the problem itself. Blockchain just emerged from challenges and hurdles brought by the Internet and Web 2.

Just consider how the Blockchain is going to solve the IP and Piracy problems that once originated from the Internet and the free flow of information… Surprising, not??

Active motives

US Budget Deficiency

IT Development and Lack of Capital

Pyramids should be made, but who pays for them?

Inflation threat

Everybody can come up with the idea that the easiest way to feed the new projects and construct the Pyramids (Virtual world, Meta-verse, and the Internet) is to fuel them with currency and print more Dollars or other currencies. But it doesn’t take a genius to learn that more print and supply of currency will proceed to more inflation which is a fatal task to deal with.

So how the pyramids should be made and how the workers should be paid?

There are some (mostly the young generation) who are there to fuel the engine for free, but for massive impact on a larger scale, capital is needed.

From this perspective, Bitcoin is known as a new, free, and illegitimate (so the governments are safe on the corner once the capitals are vaporized by the Bitcoin crash) vessel which fuels the money, cash flow, and fresh blood, for developing and building the virtual pyramids. So there is no wonder that people are paid in crypto currency to provide the content, material, and digital labor needed for constructing the digital pyramids.

.com Bubble

.com bubble left the Gov., investors, stakeholders, and the rest, with precious lessons that a smart man should not ignore it. Like the bubble, there is fear and threats that the financial condition is imposed and should not be left vulnerable against. So the best way is to let seek financial proxies to serve the Internet projects and digital utopia ideals.

What is better than Bitcoin? An unknown project, from an unknown inventor, and ironically supported by unknown players behind the charts and brokers. (How funny, isn’t it?)

Artificial money or artificial respiration?

If you are there to get Bitcoin, first make sure you have USD in your pocket….

A Rest and Fresh Breath for USD

As mentioned above, Bitcoin is an alternative currency that can cap the USD, providing the capital and cash flow needed for Digital labor and the universe. Aside from this, Bitcoin can be considered as a shelter and reserve for investing (saving) the #usd in the time of prosperity and saving #dollar value, in the time of #stagflation, inflation, and recession. Just consider how the first interest rate hike in April 2022, threw Bitcoin and other allies, esp. #luna, down in the depth of the valley. So from this POV, Bitcoin can be known as a breath for USD.

A Shelter and Demand Provider for USD

Unlike the common consideration that takes higher Bitcoin for weaker USD, we take higher Bitcoin as a motive and stimulus that provides higher demand for USD. No matter how much weak or strong USD is, Bitcoin is traded by USD, as Tether is, and as Ethereum and other crypto currencies are. Even gold is traded for USD. So if you are there to get Bitcoin, first make sure you have USD in your pocket. In another word, the higher demand for Bitcoin feeds and fuel the higher demand for USD against other currencies. (Just consider how the common and public considerations can be misleading).

We deeply believe in and take Bitcoin as a shelter and haven for USD. If the economy goes to be ideal and safe, then buyers are there to get #bitcoin for higher prices. As this way is going to fuel the demand for USD, the currency that Bitcoin is bought with. So if Bitcoin is bullish, there is more demand for USD to get Bitcoin. On the other side, if Bitcoin is bearish, it means an exponential demand and higher value for Greenback.

An Alternative Reserve for Gold or A Reserve for US

Bitcoin and the rest of Digital currencies are dealt with and traded against USD (Dollar). So if you want to get Bitcoin, first you have to exchange your currency for the dollar which means more demand for USD. The more the demand for the dollar, the higher the price (What a smart job) that feeds the American economy and production as well. It is just a simple consideration that how Bitcoin is fueling USD.

Do you believe that a determining project of currency that directly affect the USD and attracts capital from all over the world, is done and managed out of the hands of the US Gov. and other related players?

The headline (An alternative reserve for Gold) was once mentioned by the Scapegoat Elon Musk. But if you digest the above-mentioned story, you will come up with the idea that Bitcoin and other digital currencies are mostly a promising reserve and safe for USD. Just consider how the demand for Bitcoin triggers the demand for dollars and how the crash of Bitcoin creates a strong rush for USD. A Win-win game (Smart not?). So the idea of the phony Mars Man is mostly operating as a wrong address that bewildered the crowd, making them unable to learn and consider the gist of the story.

The final thought: Bitcoin is not an alternative for #gold, but a loyal, promising, and safe haven for USD. In the time of peace, it fuels the demand for the dollar (while depreciating the other currencies against USD) and in the time of risk, it triggers a rush for Greenback. Bitcoin is in reality a true safe that reserves the value of USD.

Who Invented the Bitcoin?

Certainly, you have learned fairy tales about the inventor (if not inventors) of Bitcoin, the crazy name, and the crazy background. No doubt that the main story shall not be revealed and do not expect that a major and driving project of Bitcoin which is going to fuel the Dollar and other currencies as well, to be invented with no governmental and official advocacy and intervention. Just learn how the inconsiderable economic movements are monitored and controlled by the governments, and what’s the deal with Bitcoin and its allies that are exchanging for Dollar (the most powerful currency of the world’s most powerful economy), driving the flow of capital, and remain (as reported by governments esp. the US) out of the hands and attention of economic entities. 

So what about the inventor(s) in disguise?

Sure no one and no Gov. will dare to wrestle with all the hurdles and stigmatization carried by a critical currency project such as Bitcoin. So it is for Governments and Technology leaders to play it in disguise. A determining project like Bitcoin and digital currency, calls for hidden forces and players as well.

Simply consider and imagine how people would behave toward the Governments and the main drivers of Bitcoin once they face huge losses. What would you do if you knew the robber who stole all your life savings??? 

So it is for the sake of global safety that the inventor (s) are hidden characters in the fairytales. Just make sure to deal with it rationally and reasonably.

How about the Elon Musk and other Crypto Folks?

Sure there are winners, losers, players, and so Scapegoats that passively or actively are appointed to lead and move the projects, systems, and markets.

Elon Musk, thanks to his think-tank (not his mind), is recognized as the most successful figure who took the most out of Bitcoin, Dogecoin, and the digital #gold_rush movement. But consider that even #elon_musk is a major and leading figure of not only America’s industry and economic system but also the whole world. He enjoys the huge revenue of his companies, #tesla at the top, and a considerable net worth that makes us know him, not as a usual figure, but as a driving force behind America’s economic system. By this type of interpretation, it is not a complex problem to be solved. Now Elon Musk can be known as a scapegoat who just made the most out of Bitcoin and so left millions of people bankrupt on the ash of their missed fortune. It is worth knowing that even Elon Musk, who made a 100 million $ fortune for Tesla through Bitcoin gambling, is indeed fueling America’s economy and providing it with more USD. Amazing story and trick, isn’t it???? J

Just keep in mind the role Elon Musk played in gathering cash flow around the world to the #crypto market (while he had bought Bitcoin months before) and then left them with the Crypto bubble and free fall. So it is not a big deal to recognize him as a scapegoat, who not just made a big fortune for himself, but also flourished the American economy, Tesla company, and brought the dollar from the world to the home just months before the era of historic inflation, interest rates, and recession brought by Ukraine and Russia war, Covid-19, and global economic disasters.