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January 11, 2018 | Bitcoin = a ‘Unit’ of Consciousness!

Donald B. Swenson: Born January 24, 1943, Roseau, Minnesota. Graduated H.S. 1961, Moorhead High, Minnesota. Graduated College 1968, Moorhead State University, Minnesota. Designated member of Appraisal Institute (MAI), 1974. Employed with Western Life Insurance Company, 1968 – 71; Iowa Securities Company, 1971 – 73; American Appraisal Company, 1974 – 81. Part-time teacher/valuation consultant/bartender, 1979 – 2008 (taught workshops at Waukesha County Technical Institute, Wi. and Madison Area Technical College, Wi.). Retired 2008 (part time teacher/blogger), AZ. Self educated economist/philosopher/theologian: http://kingdomecon.wordpress.com.

Wenatchee, Washington is a popular venue for new enterprises which desire to mine this virtual coin called Bitcoin. Some 75 to 80 new enterprises have recently applied to establish a Bitcoin server system in Wenatchee. This was reported on CNBC news today. The issue is cheap electricity for mining this imaginary currency called Bitcoin. Why is Bitcoin imaginary and merely part of my inner self (also called my consciousness)? Why so much confusion over these cryptocurrencies?

 

The answer is because Bitcoin is ‘virtual’ and lives within cyberspace. The above electrical ‘servers’ allow traders to ‘mine’ these units via complex math algorithms. Cyber and/or virtual currencies, however, are mere ‘images’ within cyberspace with no substance (matter) underlying this ‘image’. Bitcoin is often defined as a ‘commodity’ but this is not a good ‘name’ for a virtual unit. Virtual means that the unit derives from our ‘mind’ and not from nature. So why are so many investors and young millennials clamoring for this virtual/imaginary unit?

 

My sense is that most people are deceived on the nature of reality. Cyber currencies operate in this netherworld space called cyberspace…which is actually an ‘extension’ of my/your consciousness/mind. Consciousness is part of our ‘inner’ self which philosophy calls the ‘mind’ and or ‘spirit’. So we could say that Bitcoin is a ‘spiritual’ currency with no material substance. It’s similar to a ‘tooth fairy’ image or the ‘santa claus’ image. Others compare it to a ‘tulip’ image which people used to create a mania back in the 1600’s.

 

Most thinkers, however, are so deceived by our false education system which promotes numbers and text as real ‘things’. Calling Bitcoin a ‘commodity’ is ridiculous. I learned in fourth grade that ‘numbers’ are imaginary units of the mind and not some ‘thing’ which exists in nature. I also learned that the ‘tooth fairy’ was merely an image of my inner self (mind). But many have been educated with the concepts of ‘materialism’ which espouse that ‘numbers’ and ‘words’ derive from one’s brain and are, therefore, material in nature. I view this mindset as ridiculous and not representative of our NOW realities.

 

The confusion over Bitcoin and all the other Alt currencies comes down to understanding reality as we live it. I would suggest that we all live within TWO realms of reality…which can be labeled as the realm of matter/energy and the realm of the spirit/mind. I also use the words ‘inner realm’ and ‘outer realm’ for these two realities. Bitcoin is part of my ‘inner’ realm and therefore a ‘unit’ of my consciousness. It should not be called a ‘commodity’ or a thing composed of ‘matter’. Think for yourself! I am: https://kingdomecon.wordpress.com.

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January 11th, 2018

Posted In: Kingdom Economics

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