Dr. Martin Luther King Jr. gave the speech 60 years ago, and crypto exemplifies his vision. It renders a dream-like large and accessible to us through computer network design and code.
How Bitcoin Currency Is Similar To MLK’s Dream
“I was a drum major for justice, peace, and righteousness.” -MLK
Bitcoin is a technology that promotes fair and open access to infrastructure and financial opportunities. Because of or across its networks, crypto is intended to render bias irrelevant and discrimination impossible.
The pride of crypto is the agnosticism of the valuable working components of the network to the user. MLK could have been pleased with the progress.
One of the early ambitions of the Bitcoin community was the creation of a financial intermediary that would serve users without requiring any interaction with their identifying information. This brings to mind MLK’s and his supporters’ wish that this data wouldn’t be used in a discriminatory manner.
Since its start in 2009, Bitcoin has produced a system that upholds everyone’s right to access fundamental banking services. If MLK were still living today, he would enjoy it.
Anyone is welcome on the Bitcoin network regardless of their skin tone. But it’s much more radical than the speech he gave about his dream. It also doesn’t check people based on the essence of their personalities.
Function, Bitcoin must not have knowledge of that. Anyone is welcome to use Bitcoin.
Where you live is not a question. Before starting to work as claimed, it does not inquire about your credit history. Furthermore, using Bitcoin doesn’t must you to wait for approval from a different person who might be too busy to reach you.
In this way, Bitcoin contributes to the realization of the ideals of financial accessibility and equality.
Bitcoin And Dr. King’s “I Have a Dream” Speech Comparison
Bitcoin has sought to be “the largest demonstration for freedom” in the annals of nations, much like MLK’s 1963 speech at the Lincoln Memorial.
Segregation, discrimination, disenfranchisement, and alienation were the issues MLK highlighted as the root of their complaints. African Americans were experiencing this in 1963, the year the Emancipation Proclamation, which ended slavery, turned 100.
These same issues, which are still present in the current global financial system, are the reason for Bitcoin’s existence. It is intriguing to consider what MLK if he were alive today, might make of the technology.
It exists to address the unbanked’s financial crisis. How many of today’s unbanked Americans have already utilized cryptocurrency? MLK might be curious.
It exists to put an end to unequal or subpar access to banking and financial services. It provides a way around the fiat money of corrupt governments with dangerous inflationary schemes and discrimination against people based on their sex, race, class, religion, or political affiliation.
According to MLK, the purpose of the March on Washington was to fulfill the promise of inalienable rights made by the United States. Bitcoin is a distributed computer network design that, when you present your private key to the network to request your money, encodes your cashed checks as your unalienable rights.
MLK keeps using the banking analogy in his speech, so it’s important to wish him a happy birthday and consider how his principles align with those of crypto has begun to complete.