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The End is Nigh

It doesn't seem such a crazy thing to say anymore, does it? During the preceding year, the pessimistic end of the spectrum of thought has become a lot more palatable to even the least switched on humans. Being one of them (human, in case you were wondering), the questions I've been mulling over as we approach the end of another year in the post-truth world are: "the end of what?"; and "how soon is nigh?".

It suddenly hit me. No... not suddenly. It was actually kind of slow and grinding but over the course of just one morning. My bullshit tolerance level is at its lowest for some time, so taking on corporate barista work in the City of London was a way of rapidly becoming unhinged. Enveloped in the microcosm of depressive insanity that is the in-house café at a corporate law firm, I was holding up surprisingly well. That is - until the Christmas music started.

It's not that I don't like celebrating a co-opted pagan/shamanic tradition in the name of consumerism, I'd just rather do it on the actual date, not 3 weeks prior. I don't blame the rest of the staff - they just wanted something to look forward to, and who can blame them... compelled to habitually wake up at an unnatural hour, commute in total darkness to a sterile work environment where they re-enact a humdrum routine of preparing excessive amounts of out of season produce for a clientele who would, at this time of year, rather work from home (or maybe they were just eating somewhere else).

What could possibly be driving such an insane pattern of behaviour? Money, obviously.

I'd maybe have been down with it, too, if it was the right kind of money. I spent my break time watching the ever fluctuating price of Bitcoin and other cryptocurrencies. I'm sure I was the only one. It's a fun game to play, especially if you have 'skin in the game', or are 'HODL-ing' the electronic currency yourself. The price of these new digital stores of value is up and down like a roller-coaster at the moment, and this immense volatility is one of the biggest obstacles of their adoption as a method of exchange. Why would you spend money when it's going to be worth more tomorrow?

Conversely, why would you earn money in a currency that will be worth less tomorrow? Because it's been the only option. That might be about to change.

Bitcoin: the Origin Story

Let's put any value judgment on the idea of cryptocurrencies aside for a moment, and look at where they came from. Aptly for a currency that allows users to be pseudonymous, Bitcoin was invented by someone going by the pseudonym Satoshi Nakamoto. There are many possible identities for Satoshi, but we know he/she authored a paper in a cryptography mailing list called "Bitcoin: A Peer-to-Peer Electronic Cash System" in 2009.

From Bitcoin's website: "Bitcoin is a consensus network that enables a new payment system and completely digital money. It is the first decentralized peer-to-peer payment network that is powered by its users with no central authority or middlemen. From a user perspective, Bitcoin is pretty much like cash for the Internet."

How does this differ from digital fiat currency that we use in online banking and credit card transactions? It's all in the phrase "decentralized peer-to-peer (P2P) payment network". Before I'd heard of this, the first and only place I had experience of P2P was in file-sharing. Back in the day, when Napster was invented, and later with Bit Torrent, we gained the ability to share data with other users rapidly by bypassing any centralized servers to get the files we wanted. Sure, this leads to huge upheaval in the music industry due to copyright infringement, but P2P technology was alive and in widespread use.

This technology has evolved and now is applicable to monetary transactions. This appeals especially to anarchists - and aptly Bitcoin was primarily used to transact in the black market for most of its lifespan - but it could have benefit to anyone who realises that centralized manipulation of fiat currencies is disempowering. The critical adjustment comes from the use of triple-entry transactions. From

"Triple entry is a simple idea, albeit revolutionary to accounting. A triple entry transaction is a 3 party one, in which Alice pays Bob and Ivan intermediates. Each holds the transaction, making for triple copies.
To make a transaction, Alice signs over a payment instruction to Bob with her public-key-based signature [3]. Ivan the issuer then packages the payment request into a receipt, and that receipt becomes the transaction
This transaction is digitally signed by multiple parties, including at least one independent party [4]. It then becomes a powerful evidence of the transaction [5]."

The applications of the technology extend far beyond Bitcoin. The blockchain (an un-tamperable ledger of transactions) is set to change the way you transact with others in almost every part of your life. If you have time to go deeper on this I recommend

which contextualizes these developments.

The End Is... Crypto?

I'm not suggesting that Bitcoin is going to defy market forces and experience a continuous rise in price. There are no guarantees it will keep rising, and certainly, at the current moment, it looks to be a crazy bubble that many are comparing to the Tulip mania of the 1630s. Nevertheless it's impossible to deny the upward trend in interest and adoption of this and other new cryptocurrencies (or 'altcoins', of which there are already over a thousand) that has occurred in the last few months. The hyper-deflation that the Bitcoin economy is experiencing seems ludicrous, especially when you look at how little can actually currently be bought with them. We're so used to our fiat currencies and the ever decreasing spending power (inflation) that has come with their use. During my lifetime there has been nothing else. But what would a world look like in which cryptocurrency use was the norm?

As I mentioned in the prelude to this series, cryptocurrencies are entering the zeitgeist in more ways than one. In the techno-thriller TV show "Mr Robot" (spoiler alert), the lead character Elliot Alderson orchestrates a global financial reset, crippling the E-corporation's financial enslavement of the population by destroying all records of their debts in fiat currency. In the chaos following the event, the citizens of this quite conceivable dystopia are forced to barter, or else use cryptocurrencies. Bitcoin is mentioned as a rival to the E-corp's emerging 'E-coin'. The show is gripping not just because of its great writing, acting, and production but for its conceptualization of a post-fiat, post-debt world.

Hacker culture is explored in Mr Robot in a way that's more true to life than any TV show or book I've experienced before, although in many ways it reminds me of William Gibson's cypherpunk classic 'Neuromancer'. Often cited as the inspiration for the movie 'The Matrix' there are many parallels) and the origin of the phrase 'cyberspace', the premonitions about cryptography and currency are also striking. One can't help wondering at this point whether we can complete the triangle linking 'Mr Robot'/crypto with 'The Matrix': Mr Alderson/Mr Anderson? If you watch the scene where Elliot is cornered in his office by the FBI you might doubt the coincidence. There is even an altcoin called Neo!

Towards a Tokenized Economy

Fiat currency is government issued and not backed by a real world commodity. Manipulation of the value of the Pound through expansion of the money supply and centralized control of interest rates has been the Conservative party's economic strategy since Thatcher was in power. The other political parties have followed suit.

We have an economy plagued by intermediaries and centralised control. For me, the EU referendum was moot: when asked to choose between which centrally manipulated and corrupt economy I wanted to be a part of, I had no answer as the choices were leading me into the same dead end.

When the dying nature of our current paradigm truly hit me, I was making coffee for corporate lawyers and solicitors (intermediaries), getting paid by an employment agency (an intermediary) in a currency issued by a central bank to a commercial one (who make most of their profit acting as a financial intermediary) in order to pay rent on a property via... you guessed it... another agent.

How long will it be until all of these intermediaries are obsolete? There are already startups developing systems that may revolutionise the distribution of energyevent tickets, personal data to name just a few fields.

Maybe the proximity of my workplace to the Bank of England, the hub of this manipulation of money, was a catalyst to my thought. Maybe it was just time I trusted my gut (I've been insisting on the end of our economic paradigm for some time, but up until recently I convinced myself there would be a huge crash). The absurdity of the situation - making yourself miserable, doing a job that doesn't need doing, to earn a currency you don't believe in - suddenly struck me. I had to get out of there.

The current system as we know it is changing. This is the end that is nigh. But what are we heading towards? Will it be better or worse? Or will it be the same - just another form of economic slavery? I'm going to expand on this development in human economic interaction by linking it to the worlds of psychedelics and the evolution of consciousness. Until then, here's

by loop pedal extraordinaire Mike Love (not forgetting his percussionist friend).

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In all the wash of propaganda and diversion that surround the election, it is easy to forget the items the politicians have left off the agenda (which might be why they did it!).

Today there was an article in the mainstream media showing results from a study regarding the use of psychedelics with regards to mental health. This sort of research is vital in changing public opinion on the issue of our denied right of sovereignty over our own minds and consciousness which is propagated by the 40-50 year blip in the human history of psychedelic prohibition which we call the War on Drugs.

This also seems like a good place to repost the article that started this website off for me (in its original incarnation), in order to launch the Psychedelicacies part of the new design:

Today is my birthday.

I have now completed twenty-five orbits of our fair celestial overlord –  known to many as ‘the sun’.

So what? It’s just a day, isn’t it? And what has even changed since the beginning of that quarter-century of cycles? SELF IMPORTANT, MUCH?

I can certainly account for the presence of one molecule within me today which was notthere on that fateful day in 1988, when the womb of my Mama cast me asunder. If you were to count back a further 21 trips around the sun, you would be back in 1967, amid the swell of the wave that would later be dubbed ‘The Summer of Love’. Relevant? Absolutely – for the alien matter that found it’s way into me today was none other than LSD-25 (Lysergic acid diethylamide to its friends).

I speak about this drug as though it made the decision to enter my body, and not the other way around. As if it possessed some third-party agency. As if LSD ‘chose’ me. Whether it was my own energy that manifested this strange chemical into my possession, or a sequence of lucky events, or the invisible guiding hand of the Spirit of Timothy Leary, one thing’s for certain: I was the one who chose to eat it. Well… actually, I licked it off a spoon.

It was the only way to go about it – a small amount of the LSD solution dropped onto a borrowed utensil (which I decided I should probably not return, certainly not without a good clean) had been way more than I would be needing. I used a pipette to transfer as much as I could back into the original container, leaving a tiniest smear of the solution, which I then chose to ingest. What followed was about 10 hours of peaceful contemplation, a rampant creative output that is unmatched for me with any other substance, and the blissful appreciation of a series of beautiful moments (remarkable only in the sense that I would otherwise not have bothered noticing them).

So… what has urged me to share this experience with a host of potential friends, family members, and internet strangers? It is neither big nor clever to boast of drug use, and any insight into the drug’s effects can only really be known by taking it for oneself.

Well, dear reader, I am making a stand. I am coming out of the closet.
For those of you who might be thinking “Ah, I thought old Nick would turn out to bat for the other side”,  HOLD ON.

This closet is a different one. It’s filled with bright, luminescent colours. Time behaves differently inside it. It’s not sexual… it’s psychedelic. I am a tripper. And proud.

With this admission comes a declaration… The War on Drugs is OVER.

It might not seem like it; what with people being arrested left, right and centre for the possession and supply of drugs; and with new drugs being banned every year; and with the mainstream press continuing to run misinformed scare storied about most illicit substances. But it most definitely is.

How do I know that? Because despite it being 46 years since the Summer of Love, where LSD use was at a peak,  and 48 years since it was banned in the UK (deemed as dangerous as heroin), it is still available.

It was made available to me – somebody without many connections, without the knowledge to synthesize it themselves, and who didn’t even have to leave the house – solely by virtue of having an internet connection. And it was delivered to my door by the postman (a regular postman, not a part-time postman who also deals acid, though I’d love to find one of those). And this route of attainment can be used for virtually all illegal drugs. Not only can you now get almost any illegal drug at high quality and without having to leave your home  (anonymously, through black market websites), but it is also possible to buy an ever-increasing range of legal analogues for much cheaper. LSD alternatives, and ones for most other categories of the drug, are sprouting up quicker than they can be legislated against. Technology has developed to the point where the authorities do not have a hope.

The supply of drugs will not dry up unless the demand does the same. And it hasn’t. Humans will always want to alter their conscious state using drugs. They have done it for thousands of years, using sacred plants found in nature. That desire was not about to stop because some politicians in a room somewhere made a decision that it was dangerous and even morally wrong. The prohibition is the anomaly. And now it is being outsmarted.

So it is over. Anybody still arguing for prohibition is just out of the loop and unaware of the reality of the easy availability of all manner of substances legal and illegal, even after nearly 50 years of the ‘war’. Anybody still making arrests in the name of the ‘war’ is just playing out a meaningless skirmish in a battle that has already been lost.

As a drug user, I’m going to be reporting from the front lines on some of the feeble last attempts at public control to be made in the name of this ‘war’, as well as discussion on the role of consciousness expansion in society and random associated tidbits from psychedelic culture. I felt like I had to pick a theme for the blog, but there will also be general discussion, a bit of a music and comedy somewhere down the line, and a few political ramblings in so much as they’re tolerated.

Peace out mo’ fo’

Nicko Stebbo

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