I think many people have failed to recognize the opportunity we have with crypto, and even worse - many who are aware of the potential of crypto are willingly turning a blind eye to the fact that centralized banks and credit companies are attempting to usurp this technology from the people creating and maintaining it.
I think that for many, reason has been clouded by the anticipation of investment returns and the desire to see something they believe and invested in become successful. Of course it would be amazing to see decentralized currencies overtake the world-banks, and in turn redistribute the wealth back to where it belongs.
Let's ask ourselves some of the real questions;
An honest perspective of reality as well as current and historical evidence will help us evaluate these questions and assist us in staying vigilant in our battle to free our methods of exchange from those who would use them for their own benefit at our expense.
Let's take a look at some of the recent news headlines related to cryptocurrencies:
-Couple charged over cryptocurrency laundering worth $300k
-Crypto industry leaders warn Congress: Figure out regulation, or watch innovation leave the US
-Manipulation in cryptocurrency, millions of dollars are lost as hackers hit the industry
-U.S. Will See Blockchain Exodus if Congress Doesn’t Figure out Cryptocurrency Regulation
-Google to allow certain regulated cryptocurrency advertisements in US and Japan
-Wall Street, venture capitalists and crypto companies descend on Capitol Hill to debate regulation
Upon researching the issue, we notice a lot of fear mongering in relation to crypto as well as much talk about regulation and control. If we were to take even 30 minutes of our time to review the statements that are dominating the headlines the agenda becomes quite clear - government and central bank control of all cryptocurrencies and their trading platforms. They are also doing their best to mitigate the conversion to crypto by promoting fear of all the instabilities related to crypto, as if fiat currency does not have all of the same risks attached to it.
Although this is mostly evidenced in the points above, I just want to bring up the fact that the governments and big banks need not have control of the production and verification of currencies to regulate, manipulate and control them to their advantage. It is possible to get into a place where we produce and maintain the cryptocurrencies while the powers that shouldn't be continue to use currencies as a power differential.
Controlling energy is the name of the game. Currency is our physical life energy made tangible and tradeable. As long as the currencies are controlled and regulated, the people are controlled and regulated. Seeing that controlling and regulating it's citizens is the sole purpose of government, for them to give up this power would be to give up their very purpose. Take a look at the history of the American currency for a great example of how the world bank manipulates control away from the people. No, the powers that shouldn't be will not let go that easy.
One of the ways the banks are taking control of cryptos is through maintaining control of the payment gateways, in turn earning ridiculous fees and maintaining control of where and when cryptos can be exchanged for goods and services.
A perfect example of this is the Shift Card. It is promoted as a way to spend your crypto anywhere Visa is excepted. The crypto-nerds are loving it, all the while failing to read the contract they've agreed to:
This document constitutes the agreement (“Agreement”) outlining the terms and conditions under which the Shift Visa Debit Card. has been issued to you by Metropolitan Commercial Bank (Member FDIC) pursuant to a license from Visa U.S.A. Inc. “Metropolitan Commercial Bank” and “Metropolitan” are registered trademarks of Metropolitan Commercial Bank © 2014. By accepting and/or using this Card, you agree to be bound by the terms and conditions contained in this Agreement. The “Program Manager” for the Shift Visa Debit Card. is Shift Financial, Inc.
Full Contract
And yes, it is a contract with a central bank and credit company. This agreement goes on to contain many stipulations including but not limited to: spending and withdrawal limits, intent and usage restrictions, reporting your activities to government agencies and of course indemnifying themselves of any harm they may cause you.
So you've gone through the effort of attempting to pull away from centralized currencies only to return to the same system to spend them, but with more restrictions and higher transaction fees?
Wake the fuck up, stop lying to yourselves and BOYCOTT THIS SHIT!!
Source
Let's face the facts people. Crypto is still essentially a fiat currency backed by nothing. Yes it is verified by my peers whom I trust exponentially more than the governing agencies, but this does not change the fact that crypto is nothing more than digits on a screen with no tangible value whatsoever.
The only value crypto holds is as a decentralized means of exchange between Free People. As soon as control of crypto is given, yes given, to the governing bodies it's value to the human race is less than cash. This is a fact whether you want to believe it or not. At least you could spend cash in an internet or power outage.
Let's wake up people. If we let cryptocurrency slip from our grasps we will be in a worse predicament than before.
