Can Atheist Bitcoin End “In God We Trust” Dollar?

Last Updated on 10 March 2021 by CryptoTips.eu


Jeroen Kok

Jeroen is one of the lead copywriters on Cryptotips.eu and discusses all recent events in the crypto market. This includes news updates, but also price analyzes and more. He developed his passion for cryptocurrency during the bull run in 2017. He has learned a lot since then. The combination of cryptocurrency and creative writing is perfect for Jeroen and an excellent way to share his knowledge with a wide audience. Find me on LinkedIn / [email protected]

First off, and before I get a whole bunch of angry catholic or protestant emails, don’t get me wrong when I write this title. Satoshi is by no means Jesus or any divine figure and there is nothing holy about Bitcoin.

Atheism is not the opposite of religion, it is simply the lack of it, just as Bitcoin is not the control of state and church over money, but simply the lack of control. Hear me out before you say anything.

Atheism and Capitalism

The atheist movement, common in China but named as such in the Western world mostly after the events of 9/11 and the Richard Dawkins’ book The God delusion, has really always been linked to capitalism for as long as I can remember.

The explanation goes that atheist people feel less guilty about being greedy or making money for themselves rather than sharing it with others as there is no retribution for this mortal sin in another life.

In this manner, one could assume that the more atheists there are among the younger generations in Europe and the US, the more interest there will be in Bitcoin, because it is the only currency not controlled by the state or church.

Given that atheists believe the gathering of large sums of money is ok as there is only one life to live, that leaves only the state to control them.

Bitcoin takes away this last control as it leaves the state (and its central banks) without control of your finances.

As Knut Svanholm, author of the book Sovereignty through mathematics already foretold in his excellent set of essays on the subject:

The plural form of the word cryptocurrency is misleading. The toolset for being a financial atheist is Bitcoin and Bitcoin only. Its consensus rules in conjunction with the iron clad security that its public blockchain provides us with a way of verifying our transactions

God we trust

I do believe he is right and that if crypto succeeds it will mean the separation of money and state control over your finances. Learn how central banks operate to understand how the state control’s your debt indirectly. Central banks control interest rates and control the money supply.

In order thus to prolong the state’s power, central banks have to make sure that citizens are pretty much always in debt, whether for a house, a car or any other luxury item.

Lastly, if you don’t think that Church and State used to work hand in hand, why do you assume that on every dollar (still the largest accepted currency in the world) the words In God We Trust are printed?

Expect Western states and regulators therefore to hit back hard on Bitcoin once their popularity threatens their systems directly. At this moment crypto is still a small market, but once it gets bigger… backlash is sure to follow.