Value of Bitcoin 

and how it threatens status quo profiteering

Bitcoin’s value could just be based on the momentary need to convert stored value to an agile cryptocurrency that can be transacted digitally and without fuss. In other words, an individual’s need to pay for something right here and now aggregated into a collective.

The corollary of this is because of it’s nature as a decentralized ledger system, other centralized modes of payment based on yet another centralized system of fiat currency become evidently obsolete. I mean, why would an aware massive collective allow specific minorities to create wealth?

Here’s a dangerous idea: Cryptocurrency is an eventuality — a systemic human progress that expels the ridiculous inefficient (to the social system) mechanism that the controllers of fiat could amass vast wealth. The long term value of bitcoin may meander around a value stochastically regulated by disparate (and opposing) forces across the system — it goes up as people need a way to pay, and goes down as hackers commit their shenanigans. I think systematically, one wouldn’t go very far trying to amass wealth through cryptocurrency because of the inherent checks.

In a sense, the Bankers had their reign. The cryptocurrency revolution reduces the exploitable marginal cost of centralized money systems down to zero. A distributed ledger by definition avails very nearly perfect knowledge in markets and optimization of value flux instead of allowing for centralized ponzi pockets.

Let’s not think about this from the vantage point of a few people or groups, but the entire human collective as a systemic organism, a singular entity comprising of a collective if you will. When imbalances and inequality threaten the well-being of this organism, it is taken aback, and waits for a solution. Somewhere, something Black Swan in nature emerges from the the primordial zeitgeist and culminates into a formidable force burgeoning towards scale-free network proportions.

It’s unstoppable.