Since Bitcoin took the stage over 3 years ago a lot has happened in the crypto currency world. Over 10 dozen other cryptocurrencies have hit the stage and a new world order has begun.
One has to wonder why. Why has “crytpo” become such a popular thing?
A Natural Response To Government Interference?
Many people are feeling the squeeze from many different directions, and governments around the world seem to be (to many people) the cause of their distress.
The Rise And Fall Of Mt. Gox
While Bitcoin was the first cryptocurrency and for the most part Litecoin the second, many others have followed. Why is this happening?
Let’s Take A Look
If I was a banker in charge of the world’s reserve currency I’d be worried about the whole idea of crypto currency. After all… anonymous transactions, anonymous “money movement”, the UNability to track where wealth is going (no ability to tax), would leave me (as the banker in charge of the world) flying blind. Wouldn’t it?
What Shall I Do?
My first attempt to nullify the (good) idea of cryptocurrency would be to ostracize my largest competitor (the Mt. Gox cryptocurrency exchange).
I’d get the smartest computer programmers I know into one room and tell them to do whatever it takes to “take down Mt. Gox”. (all the while knowing it was a losing proposition, but at least it would buy me some time – for what who knows?)
It seems that every day another “crypto” hits the market. Obviously many of those “in the know” realize that they can make a quick buck, (or a few million quick bucks)… it’s just a matter of creating a new cryptocurrency, getting it listed on a cryptocurrency exchange and letting the market take care of itself.
My attack on – and subsequent take down of Mt. Gox could be considered a big win – an I (and my banker friends) would probably celebrate it for a while, but the end result will still be the same.
We are going to have to get our friends in Washington D.C. to outlaw cryptocurrency of every kind because a new one is popping up nearly every day and our monopoly on money is quickly fading away!
We thought that Gold (and to a lesser extent Silver) was a problem, but how do we handle the idea of people thinking that “Crypto” is better than “Dollars”?
A Natural Result
Quite a few people “in the know” realize this to be a natural result of the “big squeeze”. Governments around the world have made too many promises to too many people and are running out of money – no matter how much they “print”.
Countries like the USA seem to have the unlimited power of the printing press, but that soon is coming to an end. It seems that no matter how much “money” is printed to cover up the bad debts (and bets – remember AIG?) it is never enough.
What Shall I As King Of The World Do?
My control of the kingdom is at stake – what shall I do? Whatever shall I do?
… to be continued