THE CONSEQUENCE OF CRYPTO-CURRENCIES: PYRAMID STOCKS I love you all, and I know

THE CONSEQUENCE OF CRYPTO-CURRENCIES: PYRAMID STOCKS

I love you all, and I know we all seek power by means we understand. But you know, cryptocurrencies are bullshit. All you are doing is issuing growth stocks on speculation, and the government can easily suppress it. Now, to say that there are a lot of suckers who will chase a bullshit growth stock is nothing but saying that there are suckers for every possible pyramid scheme.

All you are doing is self financing the next fiat currency system (which is fine) – the world needs a method of circumventing the financial system.

Now, all fiat currency is stock in the state. And all fiat currency depends upon growth of some sort (or at least, relative stability) – in the sense that it is more stable than other market assets because its demand-price can be regulated by the state.

But you gotta understand. There is no future for private currencies. Just the opposite. The future will largely consist of even more fiat money exchange, with commodity money, like today, a more volatile insurance against rapid depreciation of the fiat currency.

If for some reason the blockchain (ledger) system succeeds, and all the techincal problems are solved (very questionable), the state will merely regulate it such that it is first an extension of the fiat currency, and then a partial replacement for it, and then a full replacement for it.

So, in effect, the crypto-currency research and development is assisting the state in developing the technology with which to deprive us of hard currency and our ability to conduct exchanges invisibly and outside of the government interference.

all little boys want secret boxes – but little boys have nothing to put in them. Big boys don’t use secret boxes. They leave the stuff for all to see, because they possess the arms to defend it.

The palaces in Minos, like Sparta, had no walls.