BITCOIN TAROT - 2 of CUPS
- Michael F. Gilbourne
- 29 avr. 2022
- 4 min de lecture
Dernière mise à jour : 16 sept. 2023
2 of Hearts
EQUALITY, LOVE, RESPECT, SHARING, HARMONY
WHAT THE INITIATE,
Satoshi might be feeling as he converts cash to Bitcoin on the Bitcoin machine in the Bitcoin Café in The 2 of cups card:
Shit! still got some cash, got to go to the Bitcoin café to convert it into Bitcoin ASAP!
I am creating the space, the Bitcoin café, for me and everybody to meet and connect. This way I can create intimate relationships and close friends, no matter our financial means, from Shrimps to Whales.
I got to embrace my community.
The Bitcoin café represents all the ways you have as a Bitcoiner to meet up. Besides the online presence which is vast, there are conferences, meet-ups, working at a Bitcoin-related company, and much more. The Bitcoin café is a representation of living on the Bitcoin standard.
BITCOIN WORLD:
In the Bitcoin world all Bitcoin owners are referred to a different kind of sea creature.
But what kind of BTC sea creature are you?
If you own less than a Bitcoin, sorry to break it to you, you are at the very bottom of the subaquatic food chain – a humble SHRIMP.
If you own anything between 1 & 10 BTC, you get claws, and can be classed as a CRAB.
Eight-limbed OCTOPUSE hold between 10 and 50 BTC.
While you can consider yourself a FISH if you hold between 50 and 100 BTC.
But to really move up the food chain, you will need anywhere between 100-500 BTC for much-coveted DOLPHIN status.
Things start sounding truly badass when you get to the 500-1,000 bracket, however: This is when you become an official Bitcoin SHARK.
Above that is the apex: +1,000 BTC is the WHALE status. But it turns out that even whales have a hierarchy, too.
To truly rule supreme over the seas, you will need over 5,000 BTC, which grants you premium HUMPBACK status.
EQUALITY:
Equality implies providing equal opportunities for everyone. Currently, over four billion people worldwide lack access to banking services. To open a bank account and gain financial opportunities, one needs identity documents, a fixed address, the ability to pay bills, employment, or a guarantor. Furthermore, there must be a bank nearby. Even after fulfilling these requirements, accounts with less than $100 globally often incur disproportionately high fees, sometimes up to a third more. This situation is unsustainable.
How then can these individuals prosper?
The power of the economy lies in lending, which essentially creates money from nothing. But how can this system be considered fair and equal? Four billion people lack access to it.
The Cantillon effect suggests that proximity to the President and Congress is advantageous. Richard Cantillon, born in the 1680s, proposed a theory stating that the beneficiaries of state-created currency depend on the institutional setup of that state. Essentially, those closest to the king and wealthy individuals receive the most, while ordinary citizens receive very little.
This raises questions about equality when large corporations benefit at the expense of the people. The counter-argument is that if companies thrive, so will the people. Indeed, this may hold true in theory, but over a specific time span, companies that aren't competitive are often bailed out and receive incentives and subsidies, which congests the job market. A free market would eventually eliminate all outdated businesses and allow newer, more adaptable ones to thrive. Maintaining old companies for the benefit of the people not only harms corporations but also jeopardizes the entire economic system. After all, it's not governments that generate money; it's corporations. Therefore, the whole system is turned upside down. The concept of a country printing more money can be likened to a river; even if the volume of water is doubled, it doesn't necessarily flow twice as fast. Instead, it may deplete its resources. This analogy illustrates why governments, which don't generate money themselves, might be incentivized to engage in warfare to bolster their finances externally.
So, how can Bitcoin contribute to global financial equality? The answer isn't found in the distribution of wealth, as some individuals will always possess more than others. However, consider the potential impact of introducing four billion people to the financial landscape and providing them with equal banking opportunities. This could lead to a new manifestation of the Cantillon effect, benefiting all involved. It could indeed be possible. With a cell phone, you can obtain a cold wallet, acquire Bitcoin, and become part of the community. There are no papers or authorizations required, and no need to appease any bank.
Consider the situations in Argentina, Venezuela, Nigeria, Turkey, and Lebanon over the past few years where local currencies crashed and people lost everything. In these times of need, many turned to Bitcoin - hard money that doesn't require a bank. All transactions can be completed on your phone.
Bitcoin essentially allows you to become your own bank. You become a partial owner of the infrastructure, similar to being a shareholder in a company. By owning Bitcoin, you contribute to the security of the blockchain through transactions. As more people join, your status elevates and life becomes more affordable. This is the power of the Bitcoin Cantillon effect and its community!
ARTICLES:
https://www.swfinstitute.org/news/89070/what-is-the-cantillon-effect-and-why-its-even-more-important-now
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