The Crypto Money Changers
Many projects boast investments and endorsements from Banks like Morgan Stanley, the Department of Defense and large tech giants like IBM and Microsoft.
These are the same exact institutions Bitcoin was born to power down. How have we strayed from Satoshi's vision of decentralization? In every way possible.
It is said that if the banks do not adopt bitcoin technology, they will eventually have to. Banks are not stupid. They have trillions of dollars in toxic assets to protect. Do you really think they would ignore this threat to their system of control?
Just like the banker in the paint store, bankers have their eyes on crypto.
First they write articles in the main stream news to discount bitcoin. Then they start to invest their time and money into how to control it. It has been underway for years. What some herald as achievement in cryptocurrency adoption, I see as a set back.
These people have no need for money. They print it. I could go in depth about the scam known as fractional reserve banking but that is not the point. We all know they are crooks. It's been their motto since the first coin was clipped in Babylon.
What they really seek is power. The only way to achieve that power is through centralization. These centralized powers have arguably been responsible for all the great wars from the 17th century on. Their centralized price controls on food have brought hunger and their funding of black operations has caused a spike in suffering worldwide.
Their use was always argued upon keeping ledgers and moving money. Now, Blockchain technology completely replaces a third party need for voluntary trade and business. Now, there is no need for this parasitic class of finance. They know this better than many people in cryptocurrency know this. They know the only way to retain their power is to have power over crypto.
Do you really think the most powerful people in the world will just voluntarily allow you to erode the foundation of checks and balances they have against the people? Do you think they are really going to allow the Blockchain to free man from the serfdom they create?
Nope.
Nada.
Ain't gonna happen.
They see the decentralized principles of Satoshi as a direct threat. They see small projects building the infrastructure and code to decentralize the decentralization further as an enemy of their ends.
Bitcoin was not born from a massive Initial Coin Offering or crowdfund. Bitcoin was not born to be the control mechanism of money. It was born to free money from restriction and control. It was born to free it from the wealth of Wallstreet and Washington DC.
Hundreds of millions of dollars is flowing into bitcoin and other cryptocurrencies promoting centralized principles of the past as the solution for the future.
Many projects do not even hide it. They fork as if they are the Federal Reserve bankers themselves. Money manipulators are here in crypto and they are trying to end the decentralization for their own selfish financial futures.
They claim "Blockchain technology solves issue of exchange heist through tokenization of debt!"
When in fact it is a centralized exchange operating as a bank which was robbed. Rather than having their security flaws protected and deposits insured, they risked depositors bitcoin for fast cash and greed.
I would also argue that due to their centralization and the regulatory powers that be, those bitcoins are not allowed to be kept in cold storage. They are considered off exchange trades by regulators. This regulation promotes more unsafe behavior. Centralized systems poisoning centralization.
Now this "bank exchange" is writing its debts of losses from the bank heist "hack" by issuing a forced bank bail in. They are confiscating funds and devaluing them to mitigate losses... Just... Like ... A ...Bank!
"Something needs to be done" "oh you are whining" "this is issue that must be solved"...
All arguments for the bank bail ins and forks to protect against bad investments. Meanwhile those who do their research and do not invest their monies into bad practicing actors in crypto all loose.
The value of the currency drops. Funds are gone forever. The decentralized principles are once again tarnished with centralized proposals and solutions.
Just let them fail. Personal accountability is what makes free markets grow. This was the foundation for bitcoin in the beginning. Now everyone wants bail outs and bail ins.
Or do they?
------------------------------------
END OF CHAPTER 6
Chapter 7, Final Transmission:https://steemit.com/cryptocurrency/@keithsmih/cryptowars-the-cryptopian-future-chapter-7
By: Keith Smith
The Nexus Project