Bitcoin has become nothing but the new Che Guevara T-shirt

The wonder of the universe is that it is always in motion and, because of this, that everything changes over time. So, anything can be something completely different tomorrow, just like that — no guarantees.

Karl Marx expressed this brilliantly with the phrase “All that is solid melts into air.” The same occurred with Bitcoin (BTC), which over the years has undergone transformations, and from a cypherpunk idea, it has become a simple Che Guevara T-shirt.

Be your own bank

The following words, which Eric Hughes published in “A Cypherpunk’s Manifesto,” was the great orientation of the developers in the creation of e-cash, or electronic money, that was universal, private and without control:

“We the Cypherpunks are dedicated to building anonymous systems. We are defending our privacy with cryptography, with anonymous mail forwarding systems, with digital signatures, and with electronic money.”

It was this idea that gave rise to Bitcoin, a decentralized money oriented toward privacy and for each one to be their own bank.

“Chancellor on brink of second bailout for banks”: This phrase from The Times is even recorded forever in the genesis block of the Bitcoin blockchain. However, time has transformed Bitcoin, and from a restricted circle of cryptographers, BTC has conquered the world and arrived at the International Monetary Fund, Bank for International Settlements, G-20 and G-8. Who knows — before the moon, it can reach Mars.

So, as Bitcoin changed, so did the ideas around it. The desire for privacy gave way to “to the moon,” and the fruit of a manifesto became just another product of what we wanted to “fight.”

Only the next all-time high

Today, instead of the phrases “include unbanked people” and “be your own bank,” we celebrate that major traditional banks advertise Bitcoin custody services. Instead of privacy, we rush to take selfies with documents in search of higher limits for trades, leverage, options and futures. We are happy that…

Read More