What is freedom ?
The story started when a group of internet users started running the #bitcoin software released and distributed by an anonymous programmer #Satoshi Nakamoto; on their personal computers back in 2009 and started exploring an alternative “way” to transact value without the need of any central banks. They slowly realized that they were the first set of humans experiencing real financial freedom in the entire known history of mankind!
The fire awakened a large community of internet population which then turned themself into super promoters of the new “way” forming a cult of users in every part of the planet.
A decade after the inception of bitcoin, A pandemic happened in 2020 and small businesses were forced to shut down for months and unable to operate during the year, while big players including centralized e-commerce corporations were allowed to operate freely protecting their vested interest. This act directly affected 95% of the population, as they were employed by these MSMEs and small business owners.
Donald Trump, former president of the USA, was removed from Twitter. When he tried to communicate with his 70 Million followers through another social media platform (Parlor App), The entire platform was taken down from the internet by Apple, Google and Amazon Web Service (AWS) without any prior notice.
During January 2021, Robinhod App sold $GME stocks of their customers without their consent and restricted buying before they desisted the share to protect their vested interest with corporate hedge funds. The movement was fueled by an internet community at Reddit (r/WallStreetBets) where they found a Short position held by billion-dollar hedge fund Melvin capital against GameStop ( a small computer games and accessory retailer in US) and decided to deploy counteract and save GameStop.
Billionaire investors like Chamath Palihapitiya and other prominent influencers joined with the Internet community and posted it in social forums which in turn attracted millions of traders causing more than $3.7 trillion damage to various hedge funds as of 31st Jan 2021.
These incidents of manipulation played by corporate central intermediary using their undue influence exposed their ability to change rules of the game irrespective of the interest of freedom of choice of millions of users in the system which triggered a global wakeup call for an alternative; free social and financial digital system without being controlled by any central intermediary.
Small and Medium Business owners around the world are in dire need of working capital for restarting their business and supporting their employees, they fundamentally have limited options, get loans from formal financial institutions or get money from informal lending sources with abnormal interest rates.
Our formal financial system is fundamentally broken and is unable to meet the exploding demands of MSMEs. As per the pre-covid estimates globally, an unmet credit gap of 220 million MSMEs exceeds $2.1 Trillion and post covid estimates are predicting a 30–40% increase posing serious threats to the existence of these businesses and the families dependent on them.
Towards a Decentralized Smart Economy!
We believe It’s time for the community to take responsibility and act on behalf of the whole society, by leveraging the new “way” to build an alternative decentralized digital financial protocol for the formal economy, make it fair and smart for every party, which protects the interest of every stakeholder of the economy where the rules of the game cannot be modified while playing!
Essentially a decentralized peer to peer trade finance and business banking system which always does what it is supposed to be doing without any biases or vested interest of a central intermediary.
We are seeing the biggest wealth and power redistribution through technology and coordinated efforts of humans using the internet! The same system which was used to manipulate and control is counteracting itself for elevating human consciousness!
As the rise in bitcoin and countries like El Salvador accepting it as legal tender can be seen as an outcome of more societies understanding the need for an alternative system that is capable of providing humans with the ability to conduct economic activity freely.
If you feel and believe that our human society has every right to live “freely” on this planet, Let’s join hands for the mission to free humanity from economic enslavement!
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www.spathion.com
