American Roots

In 1931 historian J.T. Adams defined the American Dream as “that dream of a land in which life should be better and richer and fuller for everyone, with opportunity for each according to ability or achievement.” Obviously, the United States has lost some of its shine, but the dream isn’t dead. In fact it has evolved and now transcends American borders.

Its transformation was possible because Satoshi Nakamoto gifted us Bitcoin.

Bitcoin is a peer-to-peer electronic cash system and its protocol requires expended CPU time and electricity to mint bitcoin (BTC); a scarce digital asset. The decentralised network enforces Bitcoin’s code and makes changing its rules very difficult, this includes BTC’s fixed supply. Every node would have to agree to the changes by updating their Bitcoin Core version. The upcoming Taproot upgrade poses such a challenge to the Bitcoin community.

There will only ever be 21 million bitcoin and no ONE will ever control the money supply.

With just a few lines of code, Nakamoto changed money forever, and in twelve short years BTC became harder than gold. It’s these improvements to money that transformed the American Dream into the Sovereign Dream.

J.T. Adams beautifully encapsulates the hopes and values of the American Revolution when he describes the American Dream. However, in the same book he mistakes the adoption of the 1913 Federal Reserve Act as “the greatest advancement toward sound banking.” This oversight in judgment haunts us to this day.

The Federal Reserve System (the Fed) grants 12 privately owned banks the privilege of making and distributing money for an entire nation. The notion that a board of Governors circumvents corruption is absurd; no human is immune to greed. Like most businesses, a bank’s purpose is to make a profit, and yet we entrusted a group of banks to maintain a nation’s economic stability. It’s evident today that the relationship between the Fed and the State is a money monopoly. This monopoly has turned the United States into the very tyrant the rebels of 1776 resisted.

The 13 colonies (rebels) lived through years of unfair taxes, enraged protest, costly demonstrations, and murder. All were inflicted by King George III and the British Parliament. The King was motivated to maintain his inheritance and the power it came with; the same was true for the House of Lords. Eventually, the crown had successfully poisoned the House of Commons (the republic part of the English Constitution) to help push their private agenda. His Majesty was knee deep in debt due to war, thus the history of infamously imposed taxes.

By 1776 it was clear that the new world’s plethora of opportunities was being suppressed which, according to Thomas Paine, made the vote for independence not only logical but common sense. Paine was a passionate advocate for America’s independence. He argued Great Britain will always act in its own interests first and America’s second. Therefore, he believed the discovery of the continent provided the perfect opportunity to fight. The rebels had “home-court advantage” and the distance between the continents weakened Britain’s grasp.

Paine made his sentiments public and published “Common Sense; addressed to the Inhabitants of America…” in January 1776. Seven months later the United States Declaration of Independence was signed, ratified and adopted.

The rebels successfully ended the oppression in 1783.

The Sovereign Dream

The present conditions of our world are shameful. The consequences of war, taxes, corporate bailouts, quantitative easing and stimulus checks are in full-effect. The unnatural relationship between central banks and the State is responsible for this world-wide oppression and Covid is only an attempt to hinder the years of greed from blowing up in their faces. Luckily for us, Satoshi’s creation presents hope akin to what the new land did for the rebels in 1776.

We are the rebels of the Sovereign Dream and our rebellion against fiat (and MagicMoneyTheory) is similar to the American Revolution. Ultimately, Bitcoin revives the free money market and as a result we have an opportunity to separate money and State. This is equivalent to the rebels’ “home-court advantage”; by opting-out of fiat and into bitcoin we weaken the monopoly’s power, as the distance did to Britain’s chances of succeeding.

It’s our natural right to judge our governments and leaders by their ability to protect our lives, our liberties, and our property. Today we realise the State has breached this trust and is planning on breaching it again. Therefore, it forfeits the privilege to govern over us.

As cypherpunks we reflect our values and exercise our freedom of speech in code. We run full nodes to verify integrity and ownership. We use encryption to protect our privacy. We stack sats to reclaim our liberty.

This is financial independence and is only possible with a money that secures the world’s most valuable and scarce resource: our time. Individuals will regain sovereignty, and as a result our families will grow stronger. The integrity of sound money is of highest importance for the prosperity of human civilisation. History is our witness.

This is my Sovereign Dream.