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January 18, 2018 | Bitcoin is Non-Material (Spiritual)!

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.

Today, I discussed the nature of Bitcoin with an economist friend at the clubhouse. He did not dispute my claim that Bitcoin and all the other Alt currencies are non-material and/or spiritual currencies. This unit (called Bitcoin) gets created via an algorithm and a mathematical code which derives from human consciousness.

 

All that derives from human consciousness is non-material/virtual and/or spiritual in nature. We now have over 1,000 Alt currencies floating around in cyberland and claiming to be viable currencies for trade and monetary exchange. In reality, however, these spiritual currencies can not work for international trade as stand alone currencies.

 

As of now, these crypto/cyber currencies get their real-time ‘value’ by bouncing off another official digital currency (like the dollar, yen, euro, etc.). Traders and investors bid on these crypto’s as if they are real commodities in space/time. But, in reality, these currencies (call them algo creations) are mere units of my consciousness (spiritual creations).

 

Cyberspace is another ‘name’ for my extended consciousness. My consciousness is non-material and/or spiritual in nature. Is yours similar? This makes all creations within cyberspace non-material items. We should not call Bitcoin a commodity as this implies that it exists in real space/time. It does not! Bitcoin should be viewed as a SPIRITUAL currency with no substance/matter. Think for yourself on this! I am: https://kingdomecon.wordpress.com.

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January 18th, 2018

Posted In: Kingdom Economics

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