Some time ago I read this post sent to one of my whats-app groups and I confess that it caught my attention like it was a Dan Brown book.
My first reaction was that this would make a good book and then an excellent script for a movie.
But I couldn’t help but reflect on the risks pointed out in the text and the incredible coincidence of Bitcoin values ”predicted” in 2014 and the reality that followed.
Follows a free translation of the post published with the pseudonym “Luka_Magnotta” over 6 years ago …
“I’m sending this message from the year 2025. Things look dark here, and some of you will carry blood on your hands.
If you don’t believe me, move on, since I can’t prove to you that I really am who I claim to be.
I don’t want to waste your time, so I’ll explain what happened.
On average, every year so far, the value of Bitcoin has increased by about a factor of ten.
From $ 0.1 in 2010 to $ 1 in 2011 to $ 10 in 2012 to $ 100 in 2013.
From now on, there is a slight slowdown as the value increased by ten every two years to $ 1,000 in 2015 to $ 10,000 in 2017, $ 100,000 in 2019 and $ 1,000,000 in 2021.
From there, there is no good way to express its value in dollars, as the dollar is no longer used and no central bank issues currency.
There are two main forms of wealth in the world today.
Land and cryptocurrency.
There are just over 19 million Bitcoin in use today in the world, as well as a few hundred thousand that have been permanently lost, and we are still dealing with a population of just over 7 billion people.
This means that an average person has just under 0.003 bitcoins.
However, due to the unequal distribution of wealth in my world, a person has only 0.001 bitcoin on average.
That’s right, most of you reading this today are rich.
I live next door to an annoying guy who entered his old Reddit account two years ago and found that he received a 0.01 Bitcoin tip in 2013 for calling someone “fagot” when he was a 16 year old boy.
In making this discovery, he bought a plane ticket, left his house without telling anyone, and went to a Citadel.
“What is Citadel?” you may ask yourself.
Well, just as Bitcoin was worth $ 1,000 again, services began to spring up for the “rich Bitcoin” to protect themselves as much as their wealth.
It started with expensive safes, then came bodyguards, and today, “earlies” (our term for the first to adopt a technology), as well as those rich whose wealth survived the “transition” live in isolated closed cities called Citadels, where Most of the work is automated.
Most of these Citadels are born from the fortification used to protect the places where Bitcoin mining machines are located.
The company known as ASICminer for you is known as a city where Mr. Friedman rules as king.
In my world, soon your world, most governments no longer exist, as Bitcoin transactions are done anonymously and therefore most governments cannot impose tribute on citizens.
Most of Bitcoin’s success is due to the fact that Bitcoin turned out to be an effective method for hiding its wealth from the government.
While people entering “wicked states” such as Luxembourg, Monaco, and Liechtenstein could be followed by unmanned drones to ensure that governments know who is hiding wealth, no option was available to stop people hiding their money in Bitcoin.
Governments tried to stay relevant in my society by buying Bitcoin, which only made the problem worse by increasing the value of Bitcoin.
Governments did it in secret, of course, but the “ Snowdens “ of my generation are, in fact, Greek government officials who transferred Bitcoin to their own private account and escaped to anarchic places where no questions are asked, as long as you might cough some money.
Four institutions with the most affordable Bitcoin are believed to be as follows:
- ASICminer — 50,000 Bitcoin
- IMF’s “Currency Stabilization Fund” — 70,000 Bitcoin
- Government of Saudi Arabia — 110,000 Bitcoin
- Government of North Korea — 180,000 Bitcoin
Economic growth today is about 2% per year.
Why is this? If you own more than 0.01 Bitcoin, you are likely to do nothing with your money.
There is no inflation and therefore there is no incentive to invest your money.
Just as the medieval era had no significant economic growth, as wealth was measured in gold, so our society has no economic growth, as people know that their 0.01 Bitcoins will be enough to last a lifetime.
The fact that mining of new Bitcoins still exists is preventing our world from collapsing so far, but people worry that the decline in inflation that will occur during the next halving reward reduction could destroy our economy. .
What happened to the Winklevoss twins? The Winklevoss twins were among the first to die.
After seeing the enormous damage done to the fabric of society, terrorist movements emerged that sought to harass and assassinate anyone known to have a large amount of Bitcoin or believed to be responsible in any way for the development of cryptocurrency.
Ironically, these terrorist movements use Bitcoin to anonymously fund their operations.
Most people who own a significant amount of Bitcoin no longer talk to their families and lost their friends because they had to change their identities.
There were also some suicides of people who couldn’t handle the blame after seeing what happened to the bag-holders, the kind of skeptical people who continued to believe that one day Bitcoin would eventually collapse even after hear rumors that governments were buying Bitcoin.
Many people have been taken hostage and it is therefore suspected that 25% of the “Bitcoin Rich” in existence today actually physically tortured someone to get their password (private key).
Why don’t we leave Bitcoin and move to another system?
Well, we tried, of course.
We tried to get around inflationary cryptography, but no one with an IQ above 70 was willing to take the first step and volunteer.
After all, why would you voluntarily invest a considerable part of your money in a currency that you know your wealth will continually diminish?
What made Bitcoin so dangerous for society was also what made it so successful.
Bitcoin allows us to give wings to our greed.
In Africa, polls show that about 70% of people believe Bitcoin was invented by the devil himself.
There is a reason for this.
It is a very sensitive issue that today is generally referred to as “the tragedy”.
The African Union has had ambitious plans to help its citizens be ready to reach Bitcoin.
Governments provided their citizens with free mobile phones linked to government identification, so the government sought to integrate Bitcoin into their economy.
Everything went well, until “the tragedy”.
A criminal organization believed to be located in Russia exploited a hardware failure in government-provided cell phones.
The entire African continent is believed to have lost about 60% of its wealth within 48 hours.
What followed was a period of chaos and civil war, until the governments of Saudi Arabia and North Korea, two of the world’s largest superpowers due to the unique ability of their authoritarian political system to adapt to the “Bitcoin challenge” , divided most of the African land among them and were praised as heroes by the population.
You may wonder, what is our plan now?
Of course, the current situation cannot be sustained without ending in a nuclear holocaust.
I am part of an underground network looking for a way to launch a coordinated attack against the Internet’s own infrastructure.
We have at our disposal about 20 nuclear submarines, which we will use to cut all underwater cables between different continents.
Once we succeed, we will launch a simultaneous nuclear pulse attack on all densely populated areas of the world.
We believe the resulting chaos will allow the world’s population to rise in revolt and destroy as many computers out there as possible until Bitcoin loses its relevance.
Of course this result will probably lead to billions of deaths.
This is a price we are forced to pay to prevent the eternal enslavement of humanity to a small elite.
This is also the reason why we are making this contact.
It need not be so.
You do not need to share our destiny.
I don’t know how, but you must find a way to destroy this godforsaken project in your childhood.
I know it’s hard to ask you.
You believed you were helping the world by eliminating the central bank cartel that governs your economies.
However, I saw where it ends. “
You do not know much about Bitcoin and cryptocurrencies ? Read my article about mining… https://medium.com/@j4c0b1/crackmining-because-mining-is-necessary-1aad71c97d8d