- Jimmy Song feels bitcoin could be a peaceful revolution
- Yellow vests want to bring about change
Jimmy Song is a well known Bitcoin developer who says that the leading cryptocurrency can be a powerful tool to usher in a “peaceful revolution”.
In a recent interview with RT’s business host Max Keiser, Song spoke about Bitcoin saying “the biggest thing bitcoin brings is the decentralization of monetary power. If you have government and big business get together, they usually get what they want.”
Song goes onto say that crypto can elevate the individual over the dominance of corporations and government due to the fact it is a decentralised asset. “When you’re talking about governance, and you’re talking about the user winning out over the monoliths, the corporations, the plutocrats….It seems as though bitcoin is the currency of resistance. Bitcoin should be the currency for all these global movements to unify.”
The Bitcoin developer continues, pointing towards the protests of the Yellow Vest Movement in Pairs who don’t realise the impact that cryptocurrency could have to help them topple the entrenched corruption of big government, big business, and legacy banks that they’re protesting. Song goes onto explain that “a lot of people don’t recognize: Monetary power is the big force in the world. It’s the people who control the purse strings who really run the world.”
In addition to this, Song says that if the Yellow Vests really want to bring about change, they should start by decentralising the legacy financial system.
“All of these protest movements — what they are doing is going after who’s in charge. What they should really be doing is taking the power back for themselves, decentralizing power. And it starts with bitcoin.”
As reported by CCN, instead of protesting on the streets, where the risk getting injured or killed is a lot greater, the co-founder says that the Gilets Jaunes should be working behind the scenes to free everyone from the chains of big banks and upper government. “This is a much more peaceful revolution that’s possible with bitcoin.”
Don’t Get Hooked on Price
When Song was asked to comment on the bear market, he said it's better for developers such as himself to ignore that part of it all. He goes onto say “I think [BTC] is a Cypherpunk ideal, so it’s not really necessarily about what the price is at the moment. The people that are working on it believe it in long-term. We’re in it for the long haul.”
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