Klever
  • Home
  • Global
  • Exchange
  • Wallet
  • Education
  • NFTs
  • Announcements
  • Opinions
  • Marketcap
No Result
View All Result
  • Login
  • Register
Klever News
  • Home
  • Global
  • Exchange
  • Wallet
  • Education
  • NFTs
  • Announcements
  • Opinions
  • Marketcap
No Result
View All Result
Klever News
Home Global

Bitcoin has changed the human consciousness about money?

by Harish Kumar
April 1, 2022
in Global
Reading Time: 4 mins read
3k
A A
0
Share on FacebookShare on Twitter

Buying, holding, transacting, and trading Bitcoin is a mind-manifesting experience. It changes the way we think and also causes intense insight. It is immaterial money put into focus by the human mind. It is Money governed via code and algorithm. With Bitcoin, the boundaries of finance and economics are dissolved. It is the ultimate hallucinogenic expression, intended to meet humanity’s needs and desires for economic self-fulfillment.

Bitcoin is helping people that are trapped in poverty with little chance to climb up the social ladder. Research suggests that economic inequality contributes to these negative views of money, and wealthy people are likewise painted as evil scrooges who do not give a damn about the poor. This is the consensus attitude. It betrays an underlying hatred of finance. However, it is true that wealth can corrupt a person. It would be unfair to say that money corrupts only the wealthy, though. Even poor people suffer the psychological pitfalls of money. 

You might also like

K5: a bright future ahead with the community being the biggest inspiration 

K5: a bright future ahead with the community being the biggest inspiration 

February 3, 2023
7.3k
Klever is your go-to DeFi solution 

Klever is your go-to DeFi solution 

February 1, 2023
7.3k

Bitcoin is borderless like the hallucinogenic experience. It is sprawling and immersive. Bitcoin can navigate its way over any geography, across water or land, and bypass any government-controlled checkpoint. While on mind-manifesting drugs, a person undergoes the sharing of consciousness with others, transferring memories, dreams, fantasies, thoughts, and emotions. People essentially open-source each others’ minds and engage in true peer-2-peer intimacy. Bitcoin hijacked this property. It is open-source and peer-2-peer for all to experience, as people can share and alter it in a myriad of ways, for an ongoing and unending sublime creation; it is the true democratization of money.

Bitcoin is also decentralized, which is a primary characteristic of the psychedelic experience. Once boundaries are dissolved, the individual becomes decentralized as well. Bitcoin takes advantage of this fact and dissolves all boundaries regarding how money should be perceived and defined. Therefore, bitcoin represents the start of mind-manifesting finance.

Andreas M. Antonopoulos, Bitcoin advocate said “Bitcoin is so much more than money. It is an experience, a celebration of humanity’s determination to strive for innovation in every aspect of life, to turn the physical into mental. It is a testament to where we are going. It is psychedelic in a purely symbolic sense because it has the power to change and expand minds. Bitcoin as a technology is an exhalation of what it means to be human. It is absolutely amazing and will lift innovation to towering new heights, as will any blockchain-based technology to come.


The idea is that money highly impacts the way people think and feel. But this is likely the result of the kind of money people use, how that money is acquired, and how various influences warp people’s beliefs. Cryptocurrency, on the other hand, is a different animal. It is a currency that does not require faith in central bankers or megalithic governments. A person just needs to gain knowledge of the protocol from which Bitcoin runs, and they will have a basic understanding.

Knowledge and experience of cryptocurrency are already altering the psychological principles regarding how people view money and the wealthy. It has likewise created a new generation of millionaires, who made their Bitcoin riches from starting businesses or similar endeavors. And those within the community do not harbor ill will toward the wealthy. As a matter of fact, the Bitcoin community is so tight-knit that they revere entrepreneurs as heroes.

Social platforms can also drive behaviors. From celebrities who invest in bitcoin to a highly-engaged bitcoin community on Twitter, TikTok, and Reddit, social media feeds into bitcoin’s popularity. Research has shown that when people talk about their investments in online social environments, they tend to become more risk-seeking in the types of investments they make.

Bitcoin provides hope

Money is a technology that allows us to imagine futures. The bitcoin excitement, particularly among young people, illustrates that people feel locked out of the ability to have the kind of assets that would let them generate any form of wealth. Millennials, those born between 1981 and 1996, controlled just 4.6% of U.S. wealth through the first half of 2020, according to data from the Federal Reserve.

When we look at the fever around bitcoin, we really need to see it in part as a demonstration of the fact that this is happening because there are no reliable, non-speculative mechanisms whereby people who don’t already have access to a chunk of wealth could produce wealth over time. And that’s a real indictment of the way things are currently set up for younger people.

But it is clear that cryptographic currencies bring in a new psychological perspective from which to view money, simply based on the cultural and systemic differences in the ecosystem. Indeed, this new construction of money is an innovation that could alter the course of neuroeconomics, behavioral economics, and humanity itself. It could certainly begin to diminish the pauper effect and help treat the various biases toward money and those who harbor them.

Previous Post

Klever Wallet Adds New Ankr (ANKR) Swap Pairs

Next Post

Klever Weekly Newsletter – April 1

Harish Kumar

Harish Kumar

I'm an India-based writer covering Blockchain Technology, Web 3.0, and Cryptocurrency regulation. Enterprise adoption of cryptocurrencies, and more. Follow me on Twitter @harishvibhuthi or get in touch at harish@klever.io 

Related Stories

K5: a bright future ahead with the community being the biggest inspiration 

K5: a bright future ahead with the community being the biggest inspiration 

by Maluh Bastos
February 3, 2023
0
7.3k

Klever K5 Wallet’s launch has been the buzz in the last few days. The new and improved Klever Wallet app...

Klever is your go-to DeFi solution 

Klever is your go-to DeFi solution 

by Maluh Bastos
February 1, 2023
0
7.3k

The DeFi world is growing fast. Therefore, having a trustable and effective platform to navigate this universe can help users...

Time to start using K5: learn how to migrate to the new Klever wallet app version

Time to start using K5: learn how to migrate to the new Klever wallet app version

by Maluh Bastos
January 31, 2023
0
7.3k

KleverChain’s launch in 2022 was one of the biggest accomplishments for the Klever Ecosystem.  Klever’s very own blockchain is bringing...

Use cryptocurrency and blockchain for transparent and secure voting

Use cryptocurrency and blockchain for transparent and secure voting

by Warren Manuel
January 30, 2023
0
7.3k

The integrity of democratic voting systems is crucial for the functioning of a healthy democracy. In recent years, there has...

Next Post

Klever Weekly Newsletter - April 1

A new feature-packed, Klever Wallet is coming

Download Klever Wallet Download Klever Wallet Download Klever Wallet
ADVERTISEMENT

Recommended

Ethereum

Coin of the Week: Ethereum (ETH)

November 14, 2021
7.5k
Tron (TRX)

Coin of the Week: Tron (TRX)

May 19, 2022
7.5k

Popular Story

  • Stand a chance to win your share of 10,000 KLV

    Stand a chance to win your share of 10,000 KLV

    8335 shares
    Share 3334 Tweet 2084
  • Test drive Klever Wallet, K5 and Win 1000 KLV & 1 KFI

    7021 shares
    Share 2808 Tweet 1755
  • Bitcoin battles back from record losses to $21,000

    5914 shares
    Share 2366 Tweet 1479
  • Klever showcases its blockchain ecosystem on a Time Square billboard

    5358 shares
    Share 2143 Tweet 1340
  • K5 adds new blockchain and KleverSafe support in the latest Android version

    5070 shares
    Share 2028 Tweet 1268

Follow us on Twitter

Klever News

Join the Klever community
Growing together we are stronger.
Be sure to follow us on social media to stay up to date.

Categories

  • Announcements
  • Coin of the Week
  • Education
  • Exchange
  • Games
  • Global
  • Hardware Wallet
  • Market Updates
  • NFTs
  • Opinions
  • Sponsored
  • Wallet
Download Klever Wallet Download Klever Wallet Download Klever Wallet
ADVERTISEMENT

Recent News

K5: a bright future ahead with the community being the biggest inspiration 

K5: a bright future ahead with the community being the biggest inspiration 

February 3, 2023
Klever is your go-to DeFi solution 

Klever is your go-to DeFi solution 

February 1, 2023
  • Sponsored Content
  • Advertise
  • Contact Us
  • RSS Feed

© 2022 Klever News - Premium Crypto news & insights by Klever Finance.

  • Login
  • Sign Up
No Result
View All Result
  • Home
  • Global
  • Exchange
  • Wallet
  • Education
  • NFTs
  • Announcements
  • Opinions
  • Marketcap

Welcome Back!

Sign In with Google
OR

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Sign Up with Google
OR

Fill the forms below to register

*By registering into our website, you agree to the Terms & Conditions and Privacy Policy.
All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
-
00:00
00:00

Queue

Update Required Flash plugin
-
00:00
00:00
Go to mobile version