Bitcoin Transcends Electoral Politics – Bitcoin Magazine


The 2020 U.S. Presidential Election swept over the nation with chaos and turmoil. The election mess, with alleged voter fraud, ballot tampering and the removal of Republican election observers challenged the notion of a fair and free election. On the Saturday after Election Day, when major news networks and the Associated Press called the presidential race for Joe Biden, disputes over the outcome with recounts and federal lawsuits quickly fended off the blue waves that were spreading in Democratic states.

In the midst of the increased tension, when the American people showed a vote of no confidence in the integrity of the electoral process, the bitcoin price surged to over $15,000, marking the highest mark since its all-time high historic run in 2017. Tyler Winklevoss, co-founder and CEO of the Gemini cryptocurrency exchange, tweeted

Bitcoin, which came into existence in the aftermath of the 2008 financial meltdown, has shown steady development over the past 12 years. With an ability to “be your own bank,” this open-source electronic cash began to enable financial freedom. Now, as a contested election deepens a crisis of legitimacy, Bitcoin presents an alternative to the existing system of governance.

Electoral Politics As System Of Control  

The disarray of the U.S. presidential election began to reveal the true nature of the political system that is presented as democratic. Electoral politics is a system of control, designed by wealthy elites to maintain their power — a representative form of government that is built hierarchically to fragment the interests of people within the system. This creates a fertile ground for identity politics.

The oligarchic class, which has no allegiance to any country, exploits people’s national identity, placing their interests in opposition to the interests of people who were born and live in other countries. Within a unit of nation-state, they further divide interests of each citizen into subsets of categories based on race, gender, religion and class. They then pit one group against another to make them compete for their interests.

By using the mascots of a donkey and an elephant and red and blue flags as props, those in power enact a political theater to create an illusion of democracy. Corporate masters behind the scenes, by pulling the strings of puppet politicians, corral the American populace into camps of Democrats and Republicans. Every election cycle, they successfully make voters chase after empty campaign slogans. From chanting “Make America Great Again” to “Black Lives Matter,” people fight to defend their loyalty to a group and be sucked into a rigged game that they are guaranteed to lose.

Identity Politics 2.0

Now in the New Digital Age where technologies are reshaping the world, this managed democracy is administered by…

Read More:Bitcoin Transcends Electoral Politics – Bitcoin Magazine

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