Knut Svanholm

@knut.svanholm

There will be FUD

I drink your milkshake!”

Everyone who’s seen the movie remembers the line with chills up their spines. Power corrupts and absolute power corrupts absolutely. “There will be blood” is the story about one man’s journey into complete corruption and this line is from the end of the movie where Daniel Day Lewis’ character, Daniel Plainview, confronts his nemesis and tells him about “drainage” — a process in oil drilling that can be likened to stealing someone else’s milkshake.

Imagine every citizen of a country having a milkshake in a paper cup and a giant multi-straw of inflation draining everyone’s milkshake one sip at a time. People put more milk and ice cream into their shakes but the cup always seems to be leaking. Something’s leeching on every milkshake there is. This is what inflation does. You can’t cut off this parasite straw because it’s built into the cup. It’s at the very core of the milkshake distribution hierarchy.

Now try to imagine a glass, separate from the paper cup, into which you can pour some of your milkshake. A beautiful transparent glass without any straws or strings attached to it. This is the Bitcoin milkshake. You can pour milkshake in or out of it, into other glasses or even just throw it away but no one can take it or interfere with it without your permission. Pretty soon there will be more milkshake in these glasses than in the paper cups because there’s no drainage. No more evil Mr Plainview, just a plain view of the future.

FUD is short for Fear, Uncertainty and Doubt. “There will be blood” is one of the best movies of the 21st century, if you haven’t seen it yet, do so.

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