Black swans can happen in crypto to, you know..
https://coinjournal.net/news/sec-sues-crypto-startup-lbry-over-unregistered-securities/
I won't go into the details of the legal case - you can find much better details and summations online , of what happening right now, (better than I could give you).
Regulation is happening.
One way or another.
Did you ever think that 'the powers that be' would simply let a technology take their wealth from them?
Seriously?
Crypto is not robust. It is fragile .
There's no getting around the fact that it relies on the internet to work. And electricity.
Two things that you have no control over.
There's also is no getting around the fact that corrupt institutions - from the SEC , FBI, all the way up to the federal reserve, and the BIS (the Bank of International Settlements) have zero interest in 'spreading the wealth' anywhere.
There is no getting around the fact that they control the internet, the power supply and, with that - control of the internet. By extension, cryptocurrency transactions.
You might not like this uncomfortable fact, as it tends to suppress the dopamine production, but facts don't care about chemically induced delusions in the brain.
Am I saying that this is a black swan event?
No.
I am saying that all the hopium in the world won't stop the central banks from taking control of 'the crypto money' if they so wish....
Regulations of exchanges, re-classifications of what crypto is - all of these these can be legislated , making crypto a hot potato that no one want to hold.
The fragility is in the choke points, and peoples fear of 'doing things that are illegal'...you only have to look at the last 12 months of willful slavery to governments around the world by their populations, to know this.
Covid? lol
...they were checking for ' cuck subservience'.
And they've now confirmed this, and the levels that the scared zombies will go to, for some approval off an authority.
Crypto regulations - and crypto national currencies may well be next.
If people will imprison themselves voluntarily for 12 months - just because they were told to - then what chance do think crypto has if it was regulated in such a way as to be made 'illegal'?
And if anyone thinks that the legislators and judicial system aren't in the pockets of the banking cartels, then I have some beach front property in Arizona to sell you.
What is a Black Swan?
A black swan is an unpredictable event that is beyond what is normally expected of a situation and has potentially severe consequences.
Black swan events tend to occur because people have their avaricious eye firmly fixed on the moon, and ignoring the Sun that's actively burning away the very feathers that's necessary for flight....
Black swan events are characterized by their extreme rarity, severe impact, and the widespread insistence they were obvious in hindsight.
I've never had the crypto hopium addiction, money hasn't been my god for a long, long, time....
Something are obvious without hindsight, but it requires 20/20 vision in the now.
Hopium doesn't work in the present, it's firmly rooted in the future.
A future that you have no control over in the big scheme of things - only the illusion of it.
Crypto isn't about just crypto, it's about decentralizing everything. Once you're a crypto millionaire, then what do you do? The dipshits gonna spend their money on Lambos and get guillotined by the mob. I'm going to be buying precious metals, water rights, sustainable energy generators, greenhouses... blah blah blah.
I'll be sure to give you an invite to my cult you can come check it out.
Decentralizing is the aim, I agree!
(woohooo...and with it, the end to this last 100 years of a nightmare of socialism BS)
Q:When do 'the powers that be', give up their power voluntarily?
A: Never.
Q: Who controls all the financial markets (very possibly including btc), and commodities
A: The powers that be , via the increasing wealth transfers from debt (fiat) to tangibles.
Q: If the powers that be see crypto as a threat to their financial hegemony (presuming they don't already control it) , why wouldn't they legislate it out existence, knowing full well that the sheep on the planet are more than happy to bend over and do as they're told?
(based on the last 12 months psi-op, called covid)
A: They would do.
I try to avoid cults , due to having a terminal sanity! lol
The goons in charge are way way way too greedy to pass up this opportunity.
They're already lining up to get a piece of the action.
Bitcoin is as good as co-opted.
There's way more to gain from just letting it happen.
That's the beauty of this new economy.
Saying that crypto won't be a thing because it will disrupt the powers that be is like saying the Internet won't be a thing because it will disrupt the powers that be. That's how this works: some of the powers get disrupted and those that take the top spot make sure that it happens. It's already obvious that the old-guard is going to fleece the peons all over again. Just look at NFT art... lol.
I think your perspective is correct - if you think it's just about the money.
One slight problem (imo) - It has nothing to do with money.
It's about control.
Thus making your perspective incorrect, if my perspective is correct.(based on psychology of the 4%, and history).
Saying that crypto won't be a thing because it will disrupt the powers that be is like saying the Internet won't be a thing because it will disrupt the powers that be.
No it's not.
That's a false equivalency.
Don't do false equivalency.... Baaaad sophist! lol
Disruption of power - when it 'just happens' to fall back into the hands of power - is not disruption, it's controlled restructuring.
The operative word here being controlled.
Offering illusions to the masses - who are incapable of seeing through the illusions - is not a new strategy....
Bread and circuses, anyone? (circa 1st century, AD)
Money and control will always be intrinsically linked.
As an abundance technology, crypto allows for an abundance of control and power.
This has always been a game of greed.
I don't see that changing anytime soon.
Crypto allows for those at the top to inject economic steroids directly into their veins and dominate the competition.
Those who don't use this tool will be left in the Stone Age.
....please define 'abundance technology'
Buzz words without clear definitions are vapid.
(is paper also an 'abundance technology?')
I don't know where to start with a reply to this - I might make a video about it, though!
When it boils down to it, crypto is just a digital fiat on a blockchain. I don't think they'll abolish it, because it seems blockchain is the latest step in digital recording. It's not as easy to wipe out multiple backups, I guess.
That said, I can pretty much guarantee it won't be left uncontrolled. Whether they do it in a way that leaves us believing we still have some freedom with it or whether it's as obvious as dictatorships remains to be seen.
Having the ability to earn using crypto online is to their benefit, because it's another income source. At some point it will be spent on real world applications and that's where their cut can come in, just like with taxes on fiat.
Exchanges already have to comply with registering you and reporting any transactions to your tax office, so I'd say the controls are already slotting into place.
Abolishing it isn't necessary if they control it.
And they will try to control it (if they don't already).
There too many scared people to stand up and say 'no', the pussies.
Covid could well have have been a test run to see the 'fear and compliance' levels.
If half the world will voluntarily suffocate themselves, imprison themselves, and have god knows what shoved into their veins , just because the authorities said so - banning any crypto that the establishment don't want , will be a breeze!
The only difference in my thinking on this is that I think there is a window of opportunity....a year or two...to make ashitload of cash before cryptos are fully controlled...starting with bitcoin
...will that shitload of cash just then be taken away , if the technocracy pushes forwards?
'they'.... want it all..
yes but that shitload of cash needs to have disappeared without trace by the time those fuckers come looking for it
Assets are just as much on list, I would presume....'you will own nothing and be happy'...
Game Over I'll just hit the reset button.
Would that be 'the great reset'? lol
Exactly.
Easy underhanded pitch just for you.
Th great reset -A communist technocracy for those spinless sheep that think it's a clever idea to have slave owner, rather than living as a fully fledged , responsible adult!
Hive is definitively the place to be for soft ball...The mid-wits love it !lol
The only way to protect yourself from government as a crypto project is to be ACTUALLY decentralized. If there's no one person you can arrest to stop a project, then that project will be resilient to government.
Ironically, in such a case, you are also less likely to be a target of the government, because you are more likely to pass the Howie test. And if you pass the Howie test, the banks will buy it up as fast as they can. That's why banks are quickly becoming the biggest owners of Bitcoin and Ethereum.
The LBC token can not be taken from the user's is the funny part. I can still use the token on https://www.odysee.com to see videos. The LBRY app might get deleted from mobile so some users could loose their wallet with mobile devices if they carelessly remove the app without backing up their keys.
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