*BITCOIN IS THE METAMORPHOSIS OF MONEY*
I have been fascinated by the science of the caterpillar turning into a butterfly to the extent that I coined my movement,The Metamorphosis Retreat Hub.
It is the transformation that really kept me digging.
We are living in an era where everything we have ever known and existed with is being challenged.
This takes me back to the biology of the butterfly.
The caterpillar comes to life,execute its purpose and vanishes from the planet earth only to emerge as something completely different.,The butterfly.
Is this not what has happened to what we call money?
Money as we know it has been with us and we can all notice the impact that it has done in our lives and we can with assurance say that Money has saved its purpose.
Maybe it's time for the caterpillar to die so that it can emerge as a butterfly.
Maybe the season for the caterpillar has come to an end and a new frontier is emerging where the caterpillar is not going to be useful.
Since the done of the internet,everything has been disrupted and it's time for the flying systems rather than the crawling ones.
Fiat is the caterpillar of money, which has saved its purpose during its time.
We are in the age of the butterflies and a monetary system that flies through the internet has emerged.
It's the first time ever that there is a monetary system that is scarce, has a commodity premium and can scale to all 8 billion of us without the need of a central authority.
Bitcoin is the butterfly of our time.
It's a difficult time for the fiat system, it has to die, go into darkness in order to emerge as the Butterfly.
It is inevitable that Bitcoin is hugely misunderstood.
Do we even understand the butterfly?
No.
We are living in an era where everything has to fly through the internet.
Fiat has failed to rescue mankind from oppression.
Fiat has become a tool,a weapon of oppression.
How are we going to come out of this bondage?
We replace all our monetary premium with a synthetic cyberspace tool called Satoshis and instead of using our physical power to defend our monetary premiums, we use electricity bill to defend it.
This makes Bitcoin as saver of humans.
This marks the first time ever when humans doesn't have to defend their monetary premium using their own blood.
As governments across the globe become more aggressive, isn't it ironic that a peaceful monetary system is on the scene.
I am persuaded that Bitcoin is the Metamorphosis of Money.
The Metamorphosis Retreat Hub is a transformative, Bitcoin Evangelist and a Nueroscience student whose passion is financial freedom.
Proof of work as a physical leap into the digital realm
Historically we had two forms of money.
The list(ledger)
The Token(gold etc)
The list( ledger ) is efficient and can scale to all 8 billion of us but it's centralized and can be expanded at will.
The token can not be expanded at will but can not scale to all 8 billion of us.
Now when Satoshi decided to make money that is difficult to expand at will (token)but can scale to all 8 billion of us (ledger)
He had to find a way to collapse a token into a digital medium that can be teleported through the internet.
He had to find a way to collapse a physical token into a ledger and he used proof of work to accomplish this.
Bitcoin is a physical token that was de-materialised through proof of work into a digital ledger so that we can now be able to move money through the internet.
The internet only recognize bites of data hence Bitcoin is a physical token that was de-materialised through proof of work into bites of data to enable us to transfer money through the internet.
So when transferring Bitcoin, you are actually moving bites of data from you to another person using your private and public keys as security and the one that receives it uses their private and public keys to secure it and once it moved to another wallet, it can't be reversed because the blockchain will have recorded that this piece of information has moved to here and time stamp it.
That is why the term blockchain is not even in the Bitcoin White paper.
It's called *Time Chain*
It's a time stamp server, that records the movement of data or information or money.
This is called a chronological record of the order of events.
Notes by The Metamorphosis Hub | export