Bitcoin's Cave: Plato Would Buy BCH

One of the best metaphors out there and one I find relevant for a whole lot of topics is Plato's timeless "Allegory of the Cave".

Most of you have heard, read about, or even studied this representation of the belief system and its nuances.

I think this allegory applies perfectly to Bitcoin, and its relation to the market, BTC, and how proper study, research, and evolution of thought can cause one to progress, rising from the depths of BTC Maximalism to become one of those who have visions of the future.

Sounds great?

Then let me tell you how I find this metaphor to be a perfect fit. Of course, this is my vision... and who knows if I'm stuck in a bigger cave and I just don't know it yet.

As always, YOU decide what you think.

BTC Maxis and Retail Investors: Grappling With Shadows

BTC Maximalists, many of them, are visionaries too... they just didn't realize their vision is blurred and they are looking at mere shadows.

You see, the majority of BTC Maximalists know about the shortcomings of the system we're living in and its rotten practices.

BTC Maxis know that the paradigm is shifting, and that crypto success is inevitable.

Not only that, they know they need privacy, freedom, the ability to bank themselves, and everything else...

...however, they are blinded by the institutions commanding the shadows.

Then, there are some VERY LOUD BTC Maxis who are in the pockets of the system, and sleeping with the ones puppeteering the shadows.

This may sound like a conspiracy, but it isn't.

Look at BTC's inflated price tag and imagine the amount of interest going on there - Lightning Network, the moves toward centralization, the shady pairing with Tether... and a whole lot more...

...these aren't coincidences.

These things are planned.

However, this loud BTC minority silences the opposition and crafts fallacy after fallacy for the good-spirited BTC Maxis and Retail Investors.

BUT!

These well-meaning Maxis and Retail Investors aren't innocent either.

They look at price, they look at their stacks, they look at the graphs - and they WANT to believe the fallacies.

Deep down, they know the truth, that those fallacies are nothing but shadows.

But, they refuse to stand up out of greed, apathy, weakness of spirit, weakness of mind... and so the show goes on.

The Institutions: The Puppeteers, the System's Agents

There are a lot of institutions invested in the success of BTC and the failure of the rest... at least the valuable and decentralized rest.

Let's analyze the elements I deemed worthy of being featured in the image:

• USDT - Tether

• Coinbase

• China's Centralization

I could have added a lot more, I almost added Lightning Network as it definitely is a symptom of much much worse - but I ended up thinking LN isn't a standalone problem but a festering component promoting centralization and inefficiency, and when it came to centralization I was going to mention China first.

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China's Centralization:

A lot came from China, and I could start by pointing out Bitcoin's history with Bitmain.

However, I think one of the most pressing issues we have is the fact that Chinese Mining companies overwhelmingly control BTC - and these companies aren't only Centralized, but on shaky foundations as well.

In fact, most of them are at odds with the government and most miners are even narrowly escaping or downright getting the tag of "Dissident".

This causes some trouble and the miners are taking loans by bucketloads not only to escalate their business (a lot of them do this) but also to resolve their funding problems due to the shaky foundations I just told you about.

Just Google companies lending to miners - you'll see there's a whole INDUSTRY based on lending money to miners, this is how common it is...

...and guess what?

Most don't accept BTC, go figure.

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Coinbase and Tether:

On the other hand, we have Coinbase and Tether.

Coinbase and Tether have kind of a shady link...

The correlation between Tether's printing press and BTC's price is well known, and the fact that Tether is in no way liquid or backed enough is common knowledge by now.

Not only that, it seems that Tether and Coinbase exchange favors quite often.

Coinbase isn't an angel institution either, you see, they didn't do an IPO.

Why does this matter?

• An IPO would funnel money to Coinbase but lock the shareholders (like the management) so they couldn't sell for 6 months.

Coinbase, instead, did a Direct Listing:

• No shares are issued, sales come from investors and management (who get to sell their bags from Day 1).

Now that to me shows clear intent.

The intention of Coinbase Direct Listing instead of IPO was that the company didn't go public to get funding and grow - it went public to make shareholders money by dumping into the public and lowering their stakes.

A crude blow in my opinion.

But that's not all.

There has been a lot of speculation and a bit more than that about Coinbase helping keep the peg on USDT.

On the other hand, USDT printed like crazy the days before the Coinbase Direct Listing, pumping crypto and enthusiasm for Coinbase - one hand washes the other and both wash the face? Seems like promiscuity to me.

This relationship allows Coinbase to enrich themselves while allowing Tether to keep pumping... and both institutions have been catering to the BTC market and helping raise its price.

But again, I'm just a man, what do I know!?

Fundamental Research: Conversion Starts

Fortunately for everyone who knows the truth about Bitcoin and supports BCH, BTC's spoiled meat is starting to reek and even the blindest of the Maximalists are starting to hate the stench.

BTC went too far, and every day there are more and more people closing their eyes to the shadows on the wall, standing up, turning around, and start their path down something called Fundamentals!

"You see, I compare debates between BTC and BCH kinda to debates between Communists and Capitalists - One side of both of these arguments has it very easy due to the fact they are in the right."

You see, I compare debates between BTC and BCH to debates between Communists and Capitalists - One side of both of these arguments has it very easy due to the fact they are in the right.

Once the "awakened" are ready to climb out of the cave, they start researching everything the loud minority of Maximalists and the "Institutions" tell them BTC has and they know it hasn't.

They start to research on who wins over transactions, fees, own-banking, decentralization, peer-to-peer trading, merchant adoption... you name it.

This is when they realize they have been lied to the whole time.

The future they were seeing, was just shadows.

The rock wall of the cave, once full of optimism, reveals itself to be a blank slate as the fire of ignorance is put out and the shadows disappear.

The fire of ignorance is no longer needed because these men and women are now ready to get another light source - the sun of truth!

...and so they climb out!

Welcome to the Community, Awakened!

And when the shadows are gone, when the cave wall goes blank, when the puppeteers lose their influence, when the fires of ignorance go out, when the market matures and the crowd notices what projects work and what projects don't...

...this is when the age of BitcoinCash will come.

If you've read this far, it's because most certainly you're one of the awakened and you're already a fan of BCH... why do I say this?

Because if you're still inside the cave, you probably closed this window ages ago out of the cognitive dissonance it was making you feel - if you're a BTC Maxi, you don't want to read my words, you don't want them to make sense, you want them silent...

...BUT!

If you're not yet an awakened and a BCH fan, and you are still reading this, then this is a clear sign that you're ready to start standing up and renouncing the shadows being shown in front of you.

You know that wall is simulated, showing the everyday life of shadows of greed, not bearing the light of the sun of truth but being illuminated by the fires of ignorance.

Break your chains and start climbing to the real world Neo!

Take the red pill and order the BTC crowd to shove the blue one into their pink Lightning Network Nodes.

Cheers!

A-Coin, @CryptoBabe , Scott Cunningham- Thank you!