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Bitcoin is the New “Rock ‘n Roll” ! !
04/03/2014Posted by on
The emerging bitcoin community is today at the turning point of mass acceptance, and the evolution of bitcoin is very reminiscent to me to the history of the rise of Rock and Roll. ( I’m old enough to remember those days – will be 65 in a few months !)
The roots of Rock and Roll grew out of a disenfranchised underclass, with no voice in the mainstream, and sharing the need to articulate their ideas, hopes and aspirations among their own community. ( ie similar to the early geeks in their ‘bitcoin basements’ )
The early ‘musical vibe’ of rhythm and blues was picked up and introduced to a youthful white audience anxious to also express their dissatisfaction with the status-quo through the “safe and sanitized” Colonel Parker/Elvis promotional model.
This isn’t knocking The King, just pointing out that he wasn’t really an ‘infant terrible’. However, Elvis in his early years was equally vilified and ridiculed by the Main Stream Media and the entrenched ‘musical establishment’, very much as bitcoin has been in its own second phase.
In the mid-sixties, The Beatles Revolution brought mass music to the world-wide teenage population, and spawned thousands of bands – ‘ kids in their garages ‘ – but the Beatles weren’t really “rock and roll’.
In the sixties, teenagers were split into two camps. The mop-top supporters of the Beatles listened to music that even had their parents tapping their feet , they were adored by the Media and received OBE’s at the Palace from Her Majesty the Queen of England. Whereas the long-haired Rolling Stones were the ‘bad boys’, outspoken, drug taking, anti-establishment figures. Pure evil ‘rock and rollers’ – someone you certainly couldn’t take home to Mom and Dad.
So let’s examine the career of these adolescent bad boys of rock and roll – epitomized by Mick Jagger and Keith Richards – from rebels into their existence today as probably the Iconic Surviving Rock Band, adored by celebrities , still playing at Presidential Parties and fund-raisers , almost unrecognizable from their early roots.
You could certainly make the case that the career of the Rolling Stones closely mirrors how bitcoin has developed up to now, and where it will be going in the coming decades.
Phase One – an articulate unrepresented underclass , communicating among themselves, nerdy kids in garages and basements, ridiculed for partaking in activities that were incomprehensible to the Main Stream.
Phase Two – rebellious, now ‘out in public ‘ loud, kicking the boundaries, some arrested for drug related activities ( Yes, Charlie Shrem is the new Keith Richards !) bitcoin is now feared by the establishment, but growing in momentum with every month, and surviving all the ‘bad publicity’. Indeed , in the Rock and Roll World the saying goes – “there is no such thing as bad publicity, any publicity is good publicity” and this seems to be true also for bitcoin. Bitcoins adoption has certainly not been hurt by the recent ‘bad publicity’ of all the Main Stream Media reporting of Mt Gox, etc
Phase Three – getting invitations to the ‘top table’ (moving away from the Beggars Banquet ) . This is essentially where bitcoin is moving today. For example , see Barry Silberts quote on twitter on march 23
“Had requests from 38 institutional investors representing +$250 billion to meet with me re bitcoin at Barclays Emerging Payments Forum tomorrow”
Phase Four – Mainstream Acceptance, “I can’t imagine what the rock world would have been like without the Rolling Stones “. This is where the bitcoin community is going. Before the end of this decade it will be impossible to imagine a world without bitcoin and the blockchain protocol.
Bitcoin truly is “The new Rock and Roll”
. Keith Richards
The 66-year-old lead guitarist has recently written” Life”, a memoir about his early musical influences, his time on the road with , his run-ins with the law and his occasionally contentious relationship with Jagger, the Stones’ lead vocalist.
I’d like to think that in 40 years time , a similar memoir will be written by Charlie Shrem – Go Charlie !