Cryptographic Anarchism: Bitcoin Not Allowed in China

Bitcoin Restores Privacy of Individuals Amid Era of Computing
In this photo illustration a Bitcoin (BTC) cryptocurrency logo is seen on a smartphone and a pc screen. Getty Images

The Cryptographic Anarchism Pact, written by computing brand Timothy May in 1988, says that computing is about providing the ability for individuals and groups to communicate and interact with each other in a completely anonymous way.

Two people or parties can exchange messages, conduct business and negotiate electronic contracts without knowing each other’s real name or identity.

A few days ago, the Chinese authorities issued a decision to prevent the mining of Bitcoin, and a few days earlier, they had also issued another decision in which they banned the use of anything related to digital money.

If we compare the basic provisions stipulated in May's document with the ban on China, we discover that the latter stands on the threshold of real concerns related to the decentralization of coding for individualism among the members of its communist societies.

May's document marked the first seed from which Bitcoin sprang thirty years later.

Apart from the issue of Bitcoin price and its economic importance, it is an event that restores the privacy and status of man in the era of rapid computing.

Bitcoin is based on a type of encryption that humanity has not previously known, and it is one of the most difficult encryption methods that it is impossible to this day to break or breach. Bitcoin in its broad slogan is unbreakable anonymity.

This kind of identity screen allowed individuals to create financial anonymity that the authorities could not track. On the other hand, Bitcoin, which is mainly based on distributing data in decentralized places, resulted in technologies and programs that adopt the same protocol.

It is built on blockchain technology, which later resulted in new types of operating systems and smart programs that are based mainly on the idea of ​​converting smartphones into "nodes".

Nodes keep individuals' data on phones, that is, not in the central storage centers of large companies.

It was the pivotal moment during which many individuals around the world discovered the value of their lives in various forms.

On a personal level, Bitcoin was the first reason that pushed me towards learning programming, computing and security protection.

Bitcoin, which is viewed by the overwhelming majority as a place to make a quick profit, is for another group the safe place, and it is a fortress within which a person is protected from the repression of the authorities of all kinds.

With Bitcoin, many people discovered their economic entity far from the sight of governments. Also, Bitcoin allowed individuals to go through the experience of being anonymous individuals on the Internet.

A customer uses a bitcoin automated teller machine (ATM) in a kiosk Barcelona, Spain, on Tuesday, Feb. 23, 2021. Bitcoin climbed, aided by supportive comments from Ark Investment Managements Cathie Wood and news that Square Inc. boosted its stake in the cryptocurrency. Getty Images

China hates anonymity

If we want to define China, we can say that it is a country based on connecting its citizens within a unified computing network headed by the app WeChat.

China imposes certain types of smart applications on its citizens. These applications contribute to shaping the opinions of its citizens.

These apps provide all basic information about citizens, such as the name and national number, the social networks associated with them, accurate information about their economic activity and the violations they carries out, in addition to the evaluation of citizenship.

This is China in its depth. It is a country that has a deep entity that always wants to delve into the details of the citizens' lives, down to the trivial details about them.

This is the function of the surveillance cameras deployed by China wherever they are, which work to track citizens and know their movements.

In a country built on tracking, tracing, prosecution and authoritarian control, Bitcoin will surely be one of its greatest enemies.

Digital anonymity is what states hate that use the digital world as a central tool for policing citizens.

Bitcoin and Anarchist Capitalism

Internationally, individuals are reproached if they support capitalism, but with a composition that reconfigures the concept of anarchism extracted from the womb of communism and restrains it on the grounds of capitalism.

The anarchist capitalist entity represents a state of refusing to interfere with the bank or any third authority with its funds armed with a digital encryption model that is difficult to breach, to block the path of this on the authorities and prevent them from interfering much with their private life and personal decisions.

But at the same time, whoever acquires bitcoin realizes that the latter will bring them huge financial gains.

I entered the world of Bitcoin in early 2019, and since that date it has occupied the largest part of my daily and intellectual interests.

At that time and place, studies and research dealing with its political side and its role in changing societies were quite rare.

Wherever it is present, either it poses a threat to the state as a deep entity like the Chinese case, or the deep entity is being transformed to integrate in its economic process with a composition, which is what the United States of America represents despite its constant objection to technology.

China hates capitalism

We always have to ask ourselves what money is. Why Bitcoin is an exchange medium similar to gold and not paper money like the dollar.

So we also have to agree that everything in the world can be transformed into a reciprocal medium.

Hence, the reciprocal medium must have some basic criteria in order to continue and survive to the maximum possible degree, and it must also have the four characteristics: time, place, impenetrability, and scarcity.

If we compare the flow of Bitcoin and its stock with the flow and stock of gold, we discover that Bitcoin is many times rarer than gold.

The prospect of finding more gold in the future is strongly available in nature, but we cannot find more than 21 million bitcoins in nature.

Therefore, Bitcoin is better than gold with the three characteristics, surpassing it by the factor of scarcity, and by looking at its annual growth, it has achieved very huge growth.

Bitcoin carries winds of change at the level of individual wealth making.

China does not prevent its citizens from making wealth, but one of the conditions for this wealth is that it passes clearly within its institutions and obeys its conditions.

But in the structure of Bitcoin we find a categorical rejection of authority, which we read in the first line of the white paper belonging to its inventor, Satoshi Nakamoto.

 "Here, pure electronic cash goes from peer to peer over the Internet," Satoshi says. "Payments are sent directly from one end to the other without going through the financial institution."

In Satoshi's documented online conversations, the latter expects each bitcoin to reach $10 million due to several factors, including the collapse of currencies and high inflation.

There is no worse occurrence than for Bitcoin to be hit by the Chinese approach in the long run, but it is also known that there is no authority in the universe capable of preventing Bitcoin because it is a decentralized network. Bitcoin is a technology that enhances individual non-participatory tendency in creating wealth.