Consensus 2018 is the largest Bitcoin conference ever. Libertarians, Business Owners, and Financial institutions are coming together in the greatest numbers we've ever seen.
In addition to the Libertarians, Coders, Crypto Businesses/Exchanges the roll call has some high profile industry leaders from outside the Cryptosphere, including:
-President of the St. Louis FED
-Twitter CEO
-FedEx CEO
Representatives from:
-Microsoft
-IBM
-SEC
-CFTC
-World Economic Forum
-Homeland Security Advanced Research Projects Agency(HSARPA)
Bitcoin is being taken more seriously than ever before. Just a few years ago we were laughed at for suggesting Bitcoin would compete with the FED. Now we have presidents of FED banks speaking at the annual preeminent Bitcoin conference.
Bitcoin is turning institutions inside out. Individuals act principally in their best interests ; even if their behavior harms the gr oup as a whole. This is called "Tragedy of the commons" ; when a resource is overutilized to the point where it is unusable for everyone.
Bitcoin turns this on its head. Bitcoins properties attracts speculators looking out for their best interests. These speculators then have an interest in seeing Bitcoin succeed and use the leverage at their disposal to do so.
So while Bitcoin is a threat to the power and sovereignty of every government and bank on Earth ; it is individuals who make up those institutions.
Individuals within governments and banks adopt Bitcoin for (hopeful) personal profit. These people aren't trying to overthrow governments and banks; but they will do what they can to soften their institutions stance on their investment.
As Bitcoin continues going through its growth cycles it attracts more and more individuals. More and more people in more institutions that have a vested interest in seeing Bitcoin grow. These people support proje cts and initiatives that increase Bitcoins usefulness and therefore adds to its overall value proposition; which helps create a positive feedback loop.
That is the genius of the Bitcoin revolution. No bloodshed required. No protesting. Bitcoin is as much applied computer science and cryptography as it is a global psychological operation. We are re-inventing the concept of value.
Instead of fighting the old system we are building a better system. Instead of forcing people to change with threats of violence; people willingly change to chase profits.
The end-game for this revolution is the end of central banks. Global Value/Currency Standard. Peoples savings will grow in value over time at the pace of productivity increases. People will no longer lose value to inflation. Governments will not be able to spend money they do not have. Unprofitable businesses supported by subsidies will fail. Defense spending will fall dramatically around the globe.
Bitc oin can solve most of the problems whose root cause is "money". Bitcoin cannot fix greed and human nature; but it can mitigate the damage done by greedy and power hungry individuals.
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