20 Feb R.I.P. Banking System: Bitcoin Art on the streets of Paris
French artist Ludo hit the streets of Paris, France with a thought-provoking new piece of Bitcoin Art. It features a blooming Bitcoin flower rising above the tombstones of four major fiat currencies: US dollar, British pound, Japanese yen, and the Euro.
The mural is titled “R.I.P. Banking System” and is surely one of the most impactful pieces of bitcoin art to date.
A Thought-Provoking Image
For the vast majority of the global population, it’s difficult (some may say “crazy”) to imagine a world where government regulated fiat currencies are overturned for a decentralized and unregulated cryptocurrency.
The truth is, this is VERY possible.
Many of us crypto HODLers understand the long-term implications of blockchain technology and can see the “writing on the wall” so to speak for the fiat-based banking system.
Bitcoin and other cryptocurrencies have the potential to absorb the capital from all fiat currencies, financial securities, hard assets, and any form of value, really. I am not stating this WILL happen, but it definitely CAN happen, and to some extent, it will.
USD, the Fiat Martyr?
A closer look at this bitcoin art piece shows a crucifix for the US dollar, while showing R.I.P. for the other 3 currencies. What can this possibly mean? I have a couple theories:
- USD, the top fiat reserve currency is symbolized as a crucified martyr. As evil as the US Dollar and private bankers behind it are, it has paved the way for the rise of crypto through the cypher punk movement.
- Since USD used to be a legitimate currency backed by gold, the idea of a legitimate USD has already been crucified, and as the debt-based version died, it will always be held in higher esteem for what it once was.
The idea of a global currency has been around for 30+ years. In 1988, the Economist magazine cover (owned by the same Rothschilds who own much of the banking system) shows an interesting, and timely prediction for exisiting fiat currencies:
Rise of the Phoenix – The Cryptonati?
The Economist cover, along with other signals in the mainstream media are enough to get the conspiracy theorists in a frenzy over what’s to come.
The cause for concern is valid. If this was planned by the same global elite controlling current financial systems, what’s really going to change?
Power to the People
The decentralized nature of cryptocurrencies and blockchain technology will make it harder for small group to control global finance and economic policies. Without the debt-based, fractional (fictional) reserve monetary system, our wealth is more easily preserved, protected from inflation and money printing schemes, and resistant to censorship.
Long live Bitcoin and the cryptocurrency markets. Our day in the sun is yet to some. We have a bright future ahead, and we hope to see more of these thought-provoking bitcoin art pieces in the near future. Buy yourself some bitcoin and Hold on for dear life.