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Jailbreak

‘Bitcoin Is the Biggest Jailbreak in Human History,’ Says Philosopher Stefan Molyneux

22/02/2021 by Idelto Editor

'Bitcoin Is the Biggest Jailbreak in Human History,' Says Philosopher Stefan Molyneux

On February 19, the Canadian podcaster and Freedomain Radio host, Stefan Molyneux, discussed his thoughts about bitcoin following the crypto asset’s tumultuous rise capturing over a trillion-dollar market valuation. Molyneux’s recent speech describes the liberating potential bitcoin could bring to the masses and how the crypto network has the ability to change humanity for the better.

‘Bitcoin Is a Currency That Serves the People at the Expense of the Parasites’

Just recently the crypto evangelist and philosopher, Stefan Molyneux, spoke about the Bitcoin blockchain in great detail. Molyneux opened his speech by answering a question about BTC and ETH having a hard time scaling. The Freedomain radio host said that it is good to critique, but that people in the crypto space wouldn’t give up so easily.

Molyneux mentioned that bitcoin’s market capitalization just crossed the trillion-dollar milestone and noted that the people who have added that value won’t throw in the towel. He insisted that many crypto proponents have given a decade of their lives toward spreading adoption, and mentioned there are solutions like bitcoin cash (BCH) and the Lightning Network.

“The Bitcoin community is composed of just about the most brilliant, and economically and ideologically motivated human beings on the planet,” Molyneux stresses in his video. “Bet against them at your freaking peril, because Bitcoin is not just an alternative currency, it’s not just a store of value, it’s not just a cool public ledger. Bitcoin is a passionate FU to the powers that be,” Molyneux adds.

'Bitcoin Is the Biggest Jailbreak in Human History,' Says Philosopher Stefan Molyneux
Freedomain Radio philosopher and anarcho-capitalist, Stefan Molyneux.

The Freedomain philosopher continues: “Bitcoin, as I’ve argued publicly in speeches many years ago— Bitcoin is the potential end to war, to end hyperinflation, to end intergenerational debt— Bitcoin is a mission of mercy to the future— Bitcoin is the Jesus to the new conference of the religion of peace called crypto. Bitcoin is the people regaining control over their currency for the first time in the history of the world— Bitcoin is currency democratized, unpolitized, unpredatored.”

Molyneux added:

Bitcoin is a currency that serves the people at the expense of the parasites, rather than the currency which serves the parasites at the expense of the people at the moment. Bitcoin is rescuing your precious labor from being hoovered up endlessly by the invisible vampire mosquitoes of central banking.

Today’s Fiat Currency Is Slavery Tethered to Unborn Generations

The philosopher continues by commending the Bitcoin community and says that the people in crypto are “seriously brilliant.” Beautiful and “deranged people,” he says that are “committed to the future of peace and plenty that Bitcoin could represent.”

'Bitcoin Is the Biggest Jailbreak in Human History,' Says Philosopher Stefan Molyneux

Molyneux further notes that the current fiat currency distributed by the world’s oligarchic bureaucracy is “slavery.”

“What we understand is currency now is slavery. The currency is summoned into existence at the expense of your children’s futures. What you think of as a dollar sign is a slow jugular sucking noose twined and twisted around the necks of your children,” Molyneux reveals.

National debt, Molyneux continues to highlight is “a real human trafficking problem.” You need to understand the Bitcoin space he adds. “The passion that these incredibly brilliant people have brought to bear on the oldest human problem— How do you store a value so that thieving predatory vampiric assholes can’t get their jugular sucking tentacles on it at all times? How do you store value so that you can actually come back to it?” Molyneux asked.

He adds:

Civilization is all about the storing of value. How do you store value? That’s civilization you understand. Bitcoin is about how you store value so that [parasites] can’t get their hands on it. They just can’t. You put your money in the bank, inflation eats it away, you store your meat by the river, the flies lay their eggs in it and you can’t eat it, you got gold coins in Rome, they put all kinds of a bimetallic [crap] into the gold and destroy its value in your hand.

‘The Likes of a Revolution That We Have Never Ever Ever Seen Before in Human History’

Molyneux says that humans are all about storing value and in the evangelist’s opinion, the storage and retention of value is everything in life. “By creating something that can store value outside the state, that is the likes of a revolution that we have never ever ever seen before in human history,” the philosopher insists.

“If shells on some island are the currency,” Molyneux details in an analogy. “Then you need three shells a day to live, and if you get four shells, someone’s gonna take the fourth shell. Then tomorrow you won’t bother to get the fourth shell. You just stick with getting three shells and nothing will ever progress, because nothing can be saved or stored up in value. Nothing ever gets built because everything you build is going to be taken away from you,” he added.

'Bitcoin Is the Biggest Jailbreak in Human History,' Says Philosopher Stefan Molyneux
“Bitcoin is the biggest jailbreak in human history,’ Molyneux’s video highlights.

Molyneux continues: “Imagine… everything you build is going to get taken away. It’s happening [right] now, you understand. Everything you have built is already taken away by unfunded liabilities, national debt, inflation— Everything you build is already taken away. You are just holding it now to have it for a little while to give you the illusion so you can go to work tomorrow.”

Bitcoin Represents a New Financial System That Doesn’t Leverage the Unborn as Collateral

Molyneux says you can have a house. But it’s really not your house. He highlights that you have to pay the government every year to keep it.

“And the government put it in so much debt and you in so much debt, that it’s gonna be owned by some foreign bankster, at some point,” Molyneux’s speech details. “Or the entire currency is going to collapse and society goes back to savage gangs and you lose your house. You pretend you have a house, you pretend you have electricity, you pretend you have a car, you pretend you have everything but you have nothing.”

The Freedomain radio host further says:

You know this 2030 ‘you’ll own nothing and you’ll be happy,’ [that’s the way it is] now. In fact you owe, you don’t own, you owe. You are only allowed to pretend you own something so that you will get up and go to work tomorrow. That’s it man.

Bitcoin has changed this course, Molyneux emphasizes. Bitcoin is the first of its kind that can actually keep parasites away from stealing value he notes. He says that the society we live in today treats babies and the unborn as “collateral.” Bitcoin can bolster a system that does away with such an immoral system.

“If you generally understood how much debt was taken out on your behalf just because you are breathing,” Molyneux notes. “If you genuinely looked at that math, you can find it pretty easy,” he added.

Molyneux’s speech continues for another 20 minutes longer, and news.Bitcoin.com readers can watch the rest of his speech here.

What do you think about Stefan Molyneux’s recent Bitcoin speech? Let us know what you think about this subject in the comments section below.

Filed Under: Anarcho-capitalism, anti-state, Anti-war, Bitcoin, Bitcoin (BTC), Central Banking, cryptocurrency, Currency, debt, Debt Slaves, English, Featured, free markets, freedom, Freedomain Radio, Freedomain.com, Jailbreak, liberty, money, National Debt, News Bitcoin, philosophy, Stefan Molyneux, Voluntaryism

Goldman-Backed Apple Card Restricts Cryptocurrency Purchases

04/08/2019 by Idelto Editor

Goldman-Backed Apple Card Restricts Cryptocurrency Purchases

Cryptocurrencies cannot be purchased with the new Apple credit card according to the American multinational technology company’s recently published customer agreement guidelines. The Apple card’s restrictions indicate that the company’s partner, Goldman Sachs, is leery toward cryptocurrencies and other “cash equivalents” like lottery tickets and casino chips.

Also Read: Banks Stopped Walmart Bank – Now the Retail Giant Hits Back With Crypto

No Crypto Purchases With the Goldman Sachs Backed Apple Card

The technology giant Apple (AAPL) recently announced the launch of a credit card, which allows people to spend credit with an annual percentage rate (APR) between 13-24%. The California-based firm revealed the card will be released at some point this month, according to the firm’s third fiscal quarter earnings call. Some of the biggest selling points for the new Apple Mastercard include: virtual use, no annual fees, and no fees for transactions and penalties. Another interesting aspect is that the card will not feature the traditional Mastercard 16-digit number or CVV code. “Thousands of Apple employees are using the Apple Card every day in a beta test and we will begin to roll out the Apple Card in August,” Apple CEO Tim Cook revealed during the earnings call on July 30. Following Cook’s statements, the Apple card’s terms of service (ToS) were published via the Goldman Sachs’ website this week.

Goldman-Backed Apple Card Restricts Cryptocurrency Purchases

Two of the biggest issues that stand out for people who have read the customer agreement include the restrictions against jailbreaking an iPhone and restricting “cash equivalents” like cryptocurrencies. This is first addressed in the user agreement’s first section called “Important Definitions,” which essentially defines the terms used within the agreement. “‘Cash Advance and Cash Equivalents’ means any cash advance and other cash-like transactions, including purchases of cash equivalents such as travelers checks, foreign currency, or cryptocurrency; money orders; peer to peer transfers, wire transfers or similar cash-like transactions; lottery tickets, casino gaming chips (whether physical or digital), or race track wagers or similar betting transactions,” explains the Apple card ToS.

Goldman-Backed Apple Card Restricts Cryptocurrency Purchases
The Apple card comes in both virtual and physical form with no 16-digit number or CVV code.

Being against “cash equivalents” is not all that different than most traditional credit ToS agreements, and banning things like lottery purchases is standard procedure for credit cards. Some skeptics believe it’s not that Apple wants to police what you can purchase, but that the blame likely falls on Goldman Sachs. Crypto purchases using credit cards already experienced pushback from banks and regulators after it was revealed that lots of people were using charge cards to purchase bitcoin and other digital assets during the last bull run. By the end of 2017 it was revealed that Capital One, Chase, Bank of America, Lloyds Banking Group, Discover, Virgin Money, and TD Bank Canada had all banned digital currency purchases. According to Capital One, the bank sees digital assets may lead to high risks of fraud and severe losses. “Capital One continues to closely monitor developments in cryptocurrency markets and exchanges,” the bank said back in 2018. “And [Capital One] will regularly evaluate the decision as cryptocurrency markets evolve,” the bank explained.

Goldman-Backed Apple Card Restricts Cryptocurrency Purchases
Beside restricting cryptocurrency purchases and cash equivalents, Apple card users cannot modify or “jailbreak” their iPhones.

Apple’s Long History of Cryptocurrency Restrictions

Despite Goldman Sachs involvement with Apple this time, the corporation had already had a long history with certain cryptocurrency restrictions. For instance, in February 2014, Apple had removed all the bitcoin wallets from the App Store including Blockchain.com’s Wallet, Coinbase, and Coinjar. After the wallet ban, Blockchain.com wrote a blog post which denounced Apple’s choice to remove the wallet application. “These actions by Apple once again demonstrate the anti­-competitive and capricious nature of the App Store policies that are clearly focused on preserving Apple’s monopoly on payments rather than based on any consideration of the needs and desires of their users,” Blockchain.com’s scathing critique stated. “[Blockchain wallet] had no customer complaints and a broad user base. The only thing that has changed is that bitcoin has become competitive to Apple’s own payment system. By removing the Blockchain app, the only bitcoin wallet application on the App Store, Apple has eliminated competition using their monopolistic position in the market in a heavy-handed manner.”

Goldman-Backed Apple Card Restricts Cryptocurrency Purchases
Apple banned bitcoin-related apps in the App Store in 2014 but let them back in later. In February 2018, Apple finally defined its app rules for digital currency platforms which restrict ICO and mining apps. Did you know the noncustodial Bitcoin.com Wallet is one of the most popular wallet apps on the App Store? Download it here. Android users can download our BCH and BTC wallet here.

A few months later, after the Bitcoin community got riled up and some enthusiasts even filmed Youtube videos of themselves blowing up iPhones in protest, Apple silently let crypto wallet apps back into the App Store. However, in September of 2016, Apple started banning certain types of digital currency wallets that supported coins like dash and ethereum. The creator of the Jaxx multi-cryptocurrency wallet and CEO, Anthony Di Iorio, received word from Apple at the time that his startup was required to remove support for dash. Apple again had a change of heart later, and quietly allowed wallet developers to add a variety of digital assets. On June 8, 2018, Apple finally defined its cryptocurrency rules for the App Store and gave people better clarity on what kind of crypto apps would be allowed.

“Wallet apps may facilitate virtual currency storage, provided they are offered by developers enrolled as an organization,” explained Apple’s revised App Store rules. “Exchange apps may facilitate transactions or transmissions of cryptocurrency on an approved exchange, provided they are offered by the exchange itself.”

Apple did restrict initial coin offering applications, and mobile platforms that provided crypto mining applications using an iPhone’s chipset were strictly prohibited. Any ICO application would have to be established by: “banks, securities firms, futures commission merchants (“FCM”), or other approved financial institutions.”

Apple Can Decline Transactions for Any Reason and Jailbreaking a Smartphone Could Cause Service Disruptions

As far as the Apple card is concerned, if the company or partner bank (Goldman Sachs) finds out that an individual has attempted to purchase digital currencies, the card could be shut off indefinitely. Apple may decline transactions “for any reason” and the company will advise the digital currency sales associates why the transaction was declined at the time of rejection. In addition to the cryptocurrency purchasing restrictions, the Apple user agreement highlights that if a user decides to modify, root or “jailbreak” their mobile device, Apple will disconnect the credit card from the device as it constitutes a violation of the customer agreement.

What do you think about Apple and Goldman Sachs restricting cryptocurrency purchases on the new Apple card? Let us know what you think about this subject in the comments section below.


Image Credits: Shutterstock, Pixabay, Apple card, Apple Inc., Goldman Sachs & Apple card ToS.


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The post Goldman-Backed Apple Card Restricts Cryptocurrency Purchases appeared first on Bitcoin News.

Filed Under: aapl, App Store, Apple, Apple Card, Apple Inc, Apps, Bank of America, Banning Blockchain Wallet, Bitcoin, Bitcoin Cash, capital one, Cash Advance, Cash Equivalents, Casino Chips, Chase, cryptocurrency, dash, Developers, Digital Currencies, discover, English, Ethereum, Goldman Sachs, Jailbreak, Jaxx wallet, Lloyds Banking Group, Lottery Tickets, News, News Bitcoin, Physical Card, Restricting Certain Cryptos, TD Bank Canada, Virgin Money, Virtual Card, Wallet Ban

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