posted on Oct, 24 2013 @ 04:09 PM
BRICS countries are close to completing a brand new Internet backbone
that would bypass the United States entirely...
The so-called Emerging Economies – the BRICS countries – have decided to build their own Internet infrastructure, circumventing American and
European wiretapping points. While this is mostly skillful geopolitical play, it spells opportunity for civil liberties online that should be
harnessed.
www.privateinternetaccess.com...
ce/
They say it is to stop U.S. spying but it more than that. The BRICS cable was already in development months before the revelations of whistleblower
Edward Snowden first became public in June. It is clear there is a huge shift in power coming.... these emerging economies want more autonomy and this
is the logical place to start.
This is good news for Bitcoin.
It means the U.S. Government won't be able to shut down the crypto-currency and could led to its wider adoption. If Bitcoin really does become a
threat to the dollar, and the dollar were displaced, the world would be better off as a result. Money would be returned to the market whence it came
and leave the grasping hands of the political and financial elite who use their monopoly to exploit the rest of us. No more inflation, no more
business cycles, no more multi-trillion dollar bailouts. Money would be private property, with a complete separation between money and the state.
Whether the U.S. Government likes it or not, Bitcoin and cryptocurrencies are the future of money. Just as email and texting displaced the U.S. post
office, and cell phones have displaced the wall phone the government used to install for us, cryptocurrencies could become the preferred medium for
conducting exchange in the age of the Internet. Indeed, with the BRICS new Internet, that prospect has been a certainty. Capital is more mobile than
ever and will, over time, tend to seek out liberal jurisdictions over those that regiment every aspect of commerce.
The U.S. has a very bad habit, one that stands in complete contradiction to the very idea of liberalism. Its most fundamental tenet is that anything
that is not heavily regulated probably should be completely illegal. The notion that stuff should just be permitted to happen and take its own shape
in the course of trading and competition and the like is just not part of the mindset of an imperial paranoid state like the U.S..
The U.S. can slow down the trend but it can’t stop it. Cryptocurrency will find a home and it will be the one that is most welcome. The nations that
punish it will die and those that welcome it will thrive. Ultimately, cryptocurrency could erase borders and free humanity from the chains of state
economic control. Look to those regions like these BRICS countries that are, for now, open to genuine progress.