The Bitcoin hashrate jumped nearly 5 exahash in the last 2 weeks alone. To put that gain in perspective, it took ~8.5 years for the entire network hashrate to reach 5 EH for the first time. Miners are entering at an astonishing rate. (credit

The Bitcoin hashrate jumped nearly 5 exahash in the last 2 weeks alone. To put that gain in perspective, it took ~8.5 years for the entire network hashrate to reach 5 EH for the first time. Miners are entering at an astonishing rate. (credit submitted by /u/MotherSuperiour
[link] [comments]

Bitcoin – The Currency of the Internet

Putting Bitcoin into Perspective

I have a real world story for you guys that really opened my eyes as to why humanity needs Bitcoin. So a few years ago I was living homeless in the jungle in a third world country. It was always a dream of mine to see if I was capable of living in the wild like that 100% completely on my own.

For one month I lived a mile away from the most secluded town in the country on the beach/jungle. In the beginning it was great until I ran out of food and I had to do everything myself. You’d be surprised how easy modern life is compared to living like this. From sun up to sun down the easiest tasks took hours and I had to always be thinking ahead and planning out my day. From washing my clothes, starting fires, sourcing/storing food, building my shelter after the tent fell apart etc etc. However, I no longer had to worry about bills or being on time for business meetings, but I had a different type of stress in my life.

This went on successfully for awhile, but then I started to get scared considering the noises I would hear at night from predators. By that time, I felt like I had proved to myself that I could survive in the wild if I had to. However, I wasn’t ready to move back into civilization just yet because I was enjoying this new lifestyle (and figured since I was here I would keep it going for a while).

I ended up abandoning my camp and relocating as close as I could to this secluded town. The locals started to take notice of me and decided to reach out which ended up in a friendship. After they observed my process for living day to day they had many opinions and thought I was an idiot for the way I did things. For example, I was climbing palm trees and cutting down the coconuts with a pocket knife, but they suggested cutting down a stick of bamboo and shooting them out of the tree as if they were playing a game of pool. This strategy worked incredibly well and was 10x more efficient! Another example, was when I was collecting beach wood and these wood fibers to start my fires, but they suggested gathering trash to get it started. As toxic as that sounds I was able to start my fires within seconds as opposed to 30+ mins. Then Ironically, we started bartering for things with each other which made my life even that much easier.

Ultimately this level of improvement was applied to all my strategies in living from day to day. It actually became so efficient that I had an immense amount of free time. It was at this point I had an epiphany while relaxing under a palm tree. My entire life I’ve always been a lone wolf and very stubborn not wanting help from others or wanting to be involved in a team (such as sports as a kid). However, when comparing my lifestyle to living alone in the jungle as compared to living among the locals the amount of abundance and prosperity was eye opening.

These thoughts then jumped to other things I’ve noticed. By looking at the most basic needs of life vs living in a complex massive global society there are things we can extrapolate out. What I’m referring to are the efficiencies and abundances we can all share by working together. By going from a lone wolf in the jungle to working as a team with 5 other people I was able to have a 10x increase in my standard of living. I then thought if my group of 5 then interfaced with a group of 50 how much more efficient and abundant we could all live. From there I thought, “Oh my god” now imagine if we all worked together in this manner with millions of people then on top of that include the industrial revolution and then technological revolution. Right now in this exact moment of time based on all these inventions, innovations and massive societies we should have so much abundance it would be ridiculous.

Okay then, why don’t we have that quality of life and abundance/leisure time? Well, you’ll notice when I was working with these 5 other people we were bartering and sharing our knowledge without the use of a third party to exchange our physical and mental energy. We were the sole beneficiaries of this value and because of it lead to a direct impact in our lifestyle. That is the key!

Unfortunately, that is not the system we currently live in. All of these efficiencies in working together as a society and all the inventions and innovations of our ancestors are not being directed towards humanity. This energy/efficiency is being siphoned off through the means of inflation, taxation, third-party financial services, corporations, banks, governments, etc etc. These institutions are in place to steal your physical and mental energy and to rob your grandchildren (and their grandchildren) of their economic prosperity (forcing you into a perpetual state of work/enslavement).

I don’t want to make this too long, but I hope this story puts everything into perspective and stresses the importance as to why the world needs Bitcoin/Cryptocurrencies. We are talking about the future of humanity and whether we live in a free society full of abundance and leisure or a technological dark age/prison. I chose to live in a future where we are the direct beneficiaries of every ounce of our mental and physical energy starting right now and as we move forward.

Please never forget this and what’s at stake.

submitted by /u/dballing1
[link] [comments]