Bitcoin Reduces Evil

Bitcoin can bring transparency to an incredibly opaque world we live in

Do your taxes go to pay for schools and roads or for wars and drones? Was the diamond you bought for the love of your life tainted with the blood of a few innocent people? How many terrorist organizations did HSBC fund and launder money for? Did the government bailout money for banks end up in the pockets of top executives who oversaw their collapse? How much of the money you donated to a charity ended up actually helping those starving kids?

These are questions to which there are no straightforward answers and are more a matter of opinion than fact. They shouldn’t be. As citizens of the world, we have a right to know the truth. A lot of good and a lot of evil can be done through the flow of money. Unfortunately, the current banking system is the last thing from transparent. A system like Bitcoin though, can change that.

It shouldn’t be too hard to follow the money in the Bitcoin system. Think about the implications of it for a moment. You can track the truth. You can analyze a whole lot of global financial system, the corruptions, the inefficiencies, the lies and deceits, the noble, the helpful. Bitcoin can bring a level of transparency we can only dream of demanding from our elected officials or charities we fund or corporations we invest in.

It’s harder to do evil in a globally transparent system. If you see 50 cents per dollar of your taxes being used to kill innocent citizens halfway around the world, your perspective on things might be a little different. If you see a corporation involved in blatant corruption in a third world country so it can grab some natural resources and protect those by all means necessary, your shopping decisions might be a little different.

Money is powerful. It can do a lot of good, or a lot of evil. Wouldn’t you want to know how your dollars (or Bitcoins) are being put to use in the world?