Bitcoin was launched on January 3, 2009, which is 4,539 days ago, and since then it has been an exciting series of events. But what no one expected was that he would create a whole subculture.
Cryptocurrency is what creates the history of mankind
“Many people automatically consider e-currency a hopeless cause due to the fact that all attempts to launch it have failed since the 1990s. I hope it is obvious that only the centrally managed nature of these systems has doomed them to death. I think this is the first time we are trying to create a decentralized system that is not based on trust”, – said Satoshi Nakamoto
Do you know what happens when you meet someone on the street wearing a dogecoin shirt, and you talk to them? You will be amazed at how much you have in common in terms of technology, philosophy, and government. It turns out that you prefer the same types of hardware and software if you’re a tech guy, or that you like the same music. You’ll have a lot in common. Why?
Years of searching, trying a different way of life, and changing their attitudes to topics such as personal beliefs to philosophy and power, have led many to a contradictory attitude to the system. But this is just a side effect of self-education, anger and perseverance, which is needed to create and implement the best version of your vision. Key ideas are now commonplace, and only a few can consider them the originators, since entire communities have translated the essence of many of them into reality, for the success of which it took the efforts of an entire community. We are talking about cryptocurrencies.
Now the popularity of cryptocurrencies is coming to life in the top TV shows, where entire subcultures are beginning to pour out into the streets and turn into a social norm or trend instead of hiding in network centers and similar institutions. In the age of cryptocurrencies, it’s a way of life as inflation dominates classic, outdated markets. And this is not because they are no longer good for anything, no. This is because they are outdated and not suitable for the digital world. The notion that our financial and government institutions are letting us down is a common belief of most people associated with cryptocurrencies, regardless of their origin or which side they lean towards. Yes, it is, but there is more crypto-anarchism and hostility than rational thinking.
Cryptocurrency-related crime is still the main topic of crypto opponents. They will certainly find a way to show that we are far from eliminating this pernicious trend from the reputation of the cryptocurrency, since the first mention of Bitcoin, the society is associated with money laundering, human trafficking, weapons and drugs. And this is said in the popular news programs of the world and TV shows.
Cryptocurrency has become one of the main topics. It is simply striking in its topicality in the mainstream media. Few people expected this, and it is not surprising.
The crypto has united millions of people around the world
In the beginning, almost everyone who talked about Bitcoin( BTC), Litecoin (LTC), Dogecoin (DOGE), or any coins, were in one way or another “hackers”. Hackers come in many different formations: white hats (ethical hackers), blue hats (revenge hackers), black hats (most black hats in cryptocurrency are scammers, or worse), gray hats (often unethical, and the crypt serves as entertainment for them), red hats (hacktivists and vigilantes), and green hats (usually teenagers). Millions of people followed them, and with them came all their friends, and friends of friends. Many of them were criminals and drug addicts, ready to do anything for money, which did not create a big precedent for entering the cryptocurrencies of legitimate investors.
The more important people behind the aforementioned “white hats” tended to disappear into the forums, and were usually software developers with advanced mathematical and systems knowledge. You can also think of many of them as ethical hackers. Think of mathematicians and programmers, many of whom were multi-faceted and had skills in multiple fields. These are the real “fathers” of development and philosophy.
However, it is easy to link the beliefs shared by punk rock fans, anarchists, vegans, and capitalists to those associated with cryptocurrencies. This phenomenon has already become common in 2021, because many more people have been involved in the crypto space, and in cryptocurrency-related technologies, as well as in low-level investing. As the crypto community grew, its demographics grew exponentially.
Now it is difficult to assess where this culture may end. Many claim to already see how Bitcoin, or similar software like EOS, will outlive humanity in the future, based on our current level of self-destruction and the current rate of cryptocurrency volume growth. Of course, all the beautiful colors in the world are useless if there are no artists, and the same applies to crypto-ideals. No people, no cryptocurrency!
Initially, a handful of people came to this philosophy, but we see much more of it today. People will be surprised to learn how many techies understand such subjects as philosophy, psychology, sociology, economics, etc. They will like the attention paid by the crypt techies to the ideals, and the routine challenges of our life reality excite their minds. In 2021, we have reached a “counterculture” within a subculture fueled by the origins of cryptocurrency.
Some may argue with this, but it’s worth saying that the original culture of cryptocurrency is vital to the future of cryptocurrency. Where we go has something to do with how and with whom we travel the path.
A threat that can put an end to crypto
Today, the crypt is bought up by large corporations, which should alert everyone. How decentralized can a currency be if we know which companies are buying most of it, especially in record volumes? What if they start to change, as we do, as individuals? What will happen to the sense of stability? What kind of control does this give the rich over value systems that were supposed to remain free of centralized banks?
Elon Musk is already even “cautious” when talking about Bitcoin, fearing a “light” impact on the market (at least, he did so a few days ago). Musk is well known for regularly trolling Dogecoin on Twitter, so this is indicative of his “concern” for the real market, not for Dogecoin, which was created literally as a meme.
Many people do not like Musk, because he named the car company after Nikola Tesla, proclaiming first him as his idol, and then himself, the idol of millions of Dogecoin fans. Nevertheless, he should be given credit as a manipulator of these millions, and of the entire crypto market. Well, of course, the Emperor of Mars himself speaks! It is worth doubting the fairness of the market, when a conversation of one person can cause dramatic shifts in it without any disputes.
Yes, we are completely in favor of a cryptocurrency with a good legal reputation, and without manipulators. That’s how we want it to be. But there will be excesses and power gaps in the crypto space, and this cannot be avoided. And then, with a good outcome.
Still, it’s interesting how heated the battle with the corporate counterculture in the crypto space will become when it faces the righteous anger of people who don’t want cryptocurrencies to be commercialized by the same institutions that let us down with banks, credit cards, and fiat.
We will see a split between centralized exchanges that support government-regulated taxable income from crypto assets, and decentralized exchanges, with DeFi projects going in the opposite direction. We are already seeing the beginning of this through various forms of government intervention related to cryptocurrency around the world.
So, which one is to win: the systems that have failed us, or the systems that`ve been created to correct the shortcomings? Or a third force, destroying cryptocurrencies once and for all, leaving only memories of them that will resemble the memories of the old yampi about the hippie subculture.
This third party is transformed corporations that will absorb not only smaller companies and markets, but also entire countries. It is ridiculous to hear the statements of those who say that the cryptocurrency cannot be destroyed. This is easier to do than you think.
Imagine this picture of the future: global digitalization will bring with it a lot of benefits, and global control of everything and everything, from the simplification of payments, to the use of artificial intelligence in the management of the political and economic life of controlled conglomerates. And most importantly, it is a payment system that will be completely digital. And now add to the big picture some CBDC of the world’s central bank, which will become a single currency. You say that they say there are fiats: dollars, rubles, hryvnia, tugriks, and so on. Alas, not anymore. They were canceled to the delight of crypto-fanatics who shout at every pillar that fiats are evil.
So, there are no fiats, and the world is ruled by CBDC. Now do you understand the point? If the crypt is now linked to fiat, and you can cash it out, then with the CBDC payment system, the cryptocurrency will simply be disabled from conversion. And what will you do with it if, say, Ethereum and Dogecoin are not even suitable as an in-game currency? That’s it.
Now the most important thing is to preserve the subculture and the value of cryptocurrencies in the form in which they were presented to us by Satoshi Nakamoto.1 This is the last argument of humanity for the right to freedom of choice. Satoshi has already cast his vote. Stay smart, and stay safe.