Bitcoin has the potential to challenge 18th century monetary defensive protocols as a 21st century MMDP alternative. The purpose of any defensive protocol is to provide natural barriers which are designed to increase safety and maximize security. The stronger the protocol, the superior protection it provides.

The US Constitution, for example, is a great defensive protocol that was constructed to protect individual liberties (amongst other things). This protocol is intentionally designed with a slow-to-change approach and it demands a high degree of acceptance before any changes/updates can be made. The degree of difficulty to change anything in defensive protocols is a feature, not a bug.

Now, built into the country’s defensive protocol under Article 1 Section 10, one will find the nation’s monetary defensive protocol. This 18th century monetary protocol states that the nations debts will be paid using gold and silver. History doesn’t repeat itself, but it does rhyme and the Founders were very aware of the inherent dangers of overextending its obligations through cheap money creation. Afterall, what is history but a societal pendulum swing that starts with quality money (gold and silver) to quantity currency (debased currency) and then back to quality money again. At the time, gold and silver was the best defensive monetary protocol. 

 

Currently, our 18th century defensive monetary protocol is heavily protected by a highly trained and experienced 20th century army hired by the Department of Defense. Fort Knox, which holds the nations gold, is guarded with 1.2 meter thick granite walls, blast-proof doors that weigh over 20 tons, it is surrounded with 24/7 surveillance, guards positioned in several sentinel stations, a perimeter fence equipped with motion sensors, a 3 meter tall electric fence that is a second barrier protecting the installation and the Appalachian Mountains to the east, which provides as a natural barrier against potential adversaries. If additional military protection is needed, available soldiers, tanks, attack helicopters and artillery are located at the Fort Knox military base nearby.  

 

For context purposes, gold has been used as the supreme monetary tool to store value and build wealth in order to advance civilization. Golds natural chemical makeup, its indestructible properties, combined with its scarce supply made it the most sound money human beings have yet to discover. Its use propelled the development of human societies as it transformed a world of bartering to a world of international trade consisting of cutting-edge technological breakthroughs. Gold, although it has an excellent track record as sound money, its possession always leads to human destruction and a historical loop that always seems to repeat itself.  

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The inherent flaws of our species, specifically violence and greed, however always seems to corrupt the money supply. Only when civilization discovers perfect incorruptible money can it have the opportunity to break the cycle of war and provide us a chance of furthering human advancement. Removing the corruptible and inherent violent nature of human beings and outsourcing money to a line of code may be the best alternative and solution to our money problem. Bitcoin is the only crypto that solves this dilemma and instead of hiring a 20th century army to defend it, the Bitcoin network outsources miners and uses the power of electricity as a defense system against possible adversaries.

 

That being said, MMDP (or the Bitcoin network) is a 21st century solution to an 18th century problem. Sooner or later, MMDP will eventually become a national security priority and safeguarding MMDP may become as much of a national security priority, if not more, as safeguarding an outdated 18th century monetary protocol that is being heavily guarded at Fort Knox. If that turns out to be the case, then it would not be unlikely to see the Dept of Defense transcend its dominant role from a 20th century standpoint and transitioning itself as a dominant player in the 21st century as civilization transitions from physical property monetary defense to digital monetary defense on the base layer of cyberspace through the power of electricity.  

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