I'd like to introduce readers to a new way of thinking about Bitcoin as a the first spiritual currency. It's spiritual money or magick money. Fiat currency is magick money as well because it too is backed by faith. This essay will elaborate on why I believe Bitcoin is an occult currency and what it means to be an occult currency.

What links tie Bitcoin to the occult?

Alchemists such as Sir Isaac Newton believed it was possible to turn base metals into noble metals. Lead could be transmuted into gold for instance. Bitcoin turns base information into noble information to produce digital gold following a very similar kind of technological alchemy. It is for this reason that I label Bitcoin and all cryptocurrencies as a kind of technological alchemy and that these technologies may actually have a spiritual basis behind them.

The idea that a currency can be generated purely by mathematics, without it having to be backed by anything physical, that intangible information can become possibly the most valuable substance on earth should be considered something which at this time is just a belief. Many who hold this belief may be viewed or scorned in the same way that individuals during the time of Sir Issac Newton would have been ridiculed for believing that alchemy is real.

The dangers are also very similar to the dangers faced by initiates in the occult. The risk of being persecuted is real and while a person who dabbles with cryptocurrencies might not be labeled a witch or warlock in the traditional sense of the word, the word hacker has been re-framed and now hackers are viewed as technological magicians, witches, or warlocks, who hold the secret keys to understanding technology on a level that few of any can.

The danger of persecution is a result of misunderstandings. This has been discussed in occult literature, in the Kyballion for instance. The pyramid at which the Bitcoin network rests is a knowledge pyramid not all that different from the pyramid and eye symbolism on the back of the dollar bill.

The meaning behind the All Seeing Eye

The All Seeing Eye on the back of the dollar bill represents God. It's the “All” Seeing “Eye”. All is God, and the Eye is omnipotent. That Eye can also be interpreted as the Eye of God. Only God has perfect information, perfect knowledge, perfect wisdom. Only with perfect information, perfect knowledge, and perfect wisdom, can perfectly ethical decisions be made. The ability of any individual to make an ethical decision is limited by the quality of his or her information, and it is that information which directs his or her knowledge. Thoth is the Egyptian God of knowledge.

The Egyptians worshiped knowledge and Thoth in hieroglyphics holds a rod or wand called a Was which symbolizes power and an Ankh which symbolizes life and fertility. This symbolism is very important to understanding the role of knowledge not just in the spiritual occult context but in the practical and economic context as well.

The meaning behind In God We Trust

The meaning behind “In God We Trust” is that it represents what actually backs the dollar. The dollar is backed by faith. Faith in the system itself. Bitcoin is also backed by faith, but it's faith is in the mathematics and in the political ideology. Those who were most faithful in certain libertarian principles were likely to be attracted to Bitcoin early on and are more likely to be the early adopters and at the same time if Bitcoin is to grow and survive it will be based around the faith in the network of the people who hold it. For Bitcoin the community is the heart and soul of the network.

The meaning behind the invisible hand

The meaning behind the invisible hand is that the morality, religion, and other spiritual social attitudess can direct a market. This is very true but the other meaning this could have if there is a dual meaning could be the black market, the clandestine. The invisible hand are the invisible movements of a market, of a network, and most decisions and movements that influence a market are not going to be seen by the masses. This is due to information asymmetry.

Information asymmetry means that there are some actors within a network who have better quality information than others and these actors who have the quality “intelligence” can make the quality decisions based on superior knowledge. Think back to the All Seeing Eye and consider that at the top of the pyramid is not money, it's not the Illuminati in the sense that people who believe in conspiracy theories think it is. At the top there are people who have better quality information, and who exploit that information asymmetry. If data becomes information, information becomes knowledge and finally knowledge becomes wisdom, then knowledge can be transmuted into power, money, etc. There is no Illuminati anymore, but there are knowledge elites and these elites will be at the top of the Bitcoin pyramid just supreme knowledge is represented as the Eye at the summit of the Pyramid on the dollar. Only God can see everything, but knowledge is power and power can become money. Knowledge transmuted can be money and that is what Bitcoin is.

Why Bitcoins are a magical occult currency

Bitcoins are magical in the sense that they have no set value. The value of Bitcoins are determined by psychology and mathematics. In my opinion Satoshi Nakamoto was both a mathematician and a magician. He may not have recognized himself as a magician, but just as Sir Isaac Newton was a magician, Mr. Nakamoto accomplished something magical because he created value from information which would have no intrinsic value except in the brains of people (mainly nerds and mathematicians at first). It can be said that all value comes from the brain, and if this is true then the value of money ultimately isn't something intrinsic or external, it isn't in gold, it isn't even in mathematics, it's in neuroscience and it's mental.

Neuropsychology is the source of the value behind any kind of money including Bitcoins and once this is known then the impossible becomes possible and we enter an era of “magick” money. The technological singularity if it occurs may produce what we can call a digital God in the form of super-intelligence. IJ Good introduced this concept in his paper and labeled it ultra-intelligence but should this occur in our lifetimes then I agree with IJ Good that this will be the last invention humankind will ever have to invent. The reason for this is because an intelligence which is at that level would be able to redesign itself, evolve itself, the process and state of autopoiesis. The intelligence of any super-intelligence will evolve at an exponential rate producing an intelligence explosion and to illustrate just look at the exponential network effects in the Bitcoin network. Bitcoin value goes up to reflect the increasing size of the market cap and to reflect the neuropsychology of the stake holders.

The value of Bitcoins are whatever you want them to be worth. The utility of Bitcoin is governed by the mathematics, and mathematics are just a language. According to Chris Langan's CTMU the universe (or multiverse according to Max Tegmark or Nick Bostrom) is cognitive. All meaning, value, spirituality, morality, all of this is based around human psychology. As the brain is better understood by neuroscientists and neuroeconomics are better understood, and as behaviorism is advanced a bit more then we will see more advanced cryptocurrencies which focus not just on having beautiful mathematics and technology but also which utilize the latest knowledge of human behavioral psychology and neuroscience.

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