I'm starting to realize that blockchain platforms are being used by a lot of people as a quick Get Rich scheme, I also realize that there is a lot of benefit to having study the concepts of cryptocurrency. It's all just a matter of reading in between the lines and trying to figure out what the big boys are doing. Sometimes you have to look at what's right in front of you and try to to squint your eyes a little and see if you can see a bigger picture. The Bitcoin Revolution is just another cycle in the history of man and currency. You just have to look between the lines and see the bigger picture, Banks have no interest and watching Bitcoin succeed.
I'm just going to discuss the a point in history where Bitcoin ish moments happened. Here's a question, what do Abraham Lincoln and John F Kennedy have in common that no other presidents have? I'm sure everyone can guess the obvious answer and that is that they were both assassinated, But did you also know that they were the only two presidents ever who tried to sidestep the central bank and or the Federal Reserve?
[caption id="attachment_482" align="aligncenter" width="300"]
The only two Presidents in American History to attempt to go around the Federal Reserve[/caption]
During the Civil War Abraham Lincoln had to figure out how he was going to finance the battle against the Confederate States. He went to the banks in New York, which were the leading Centers of banking at that time and asked the banks to finance his War efforts. The banks agreed to bankroll his efforts but with a 36% interest rate. Abe Lincoln wasn't trying to have that. So what he decided to do was create greenbacks. Do you see where I'm going with this? By creating greenbacks he created a currency that sidestepped having to pay back the banks for Lending money.
[caption id="attachment_483" align="aligncenter" width="300"]
Greenbacks were paper currency (printed in green on the back) issued by the United States during the American Civil War. They were in two forms: Demand Notes, issued in 1861–1862, and United States Notes issued in 1862–1865. They were legal tender by law, but were not backed by gold or silver, only the credibility of the U.S. government.[/caption]
Cryptos are similar to greenbacks. That is why you are seeing all this push back in the Press from the banking industry i e the Federal Reserve. North America being the most used currency of trade, the concept of cryptocurrencies drives banking business out of business. One should ask themselves, why should Banks virtually make tons of money by administering fees on hard-working dollars for nothing? Banks no longer offered interest rates that were truly of any value to the consumer. Eventually becoming almost a utility in regards to being able to move money in any meaningful and trusting way. Once Banks controlled most of the wealth, Big boy banks were able to manipulate the value of the currency and force consumers to render under Caesar. After WWII, the dollar became the currency of trade: therefore controlling the politics of the world.
Another Bitcoin moment was during the Nixon administration. Everyone could remember a time when Urban Legend told you that back in the day, you could exchange your dollar for its proper weight in GOLD! Well, in theory that was true, the problem was, people rarely did. This trust was exploited by America....american banks & business men and started printing money like mad men. This breach of trust wasnt a secret for very long and it was all when the French decided to ask for their gold's weight in gold of American currency. That when old dick moved the goal post by turning cash into gold, into cash into the faith and credit of the United States.
[caption id="attachment_487" align="aligncenter" width="233"]
The Nixon shock was a series of economic measures undertaken by United States President Richard Nixon in 1971, the most significant of which was the unilateral cancellation of the direct international convertibility of the United States dollar to gold.[/caption]
So...if you look at these two moments, youll realize that U.S. dollar as you know it....is a cryptocurrency in and of itself. It simply is controlled by the Central Banks & Federal Reserve. Keep in mind that the Federal Reserve isnt a government institution, its a private entity whose purpose is to lend money to the Federal Goverment...at 36% perhaps?
Why do you think you see so much negative press about Venezuela and their attempt to create the Petro. A country rich with a limited Natural resource trying to escape the clutches of the IMF or World Bank is the last things Petrol banks want to succeed, so they must work hard to destroy the belief in the currency. Currency as we know it....truly only has value as long as we believe it has value. The problem for Banks is that if they push to hard, they will have to expose their hand as well.
[caption id="attachment_488" align="aligncenter" width="300"]
Citizens will be able to pay for fuel, airline and tourism services with cryptocurrencies, including the petro. Likewise, the government previously promised to accept petros for the payment of national taxes, fees and other public services.[/caption]
Crypto's are a threat because if people's belief in them begin create a direct peer to peer financial transaction, there is no way for Banks to siphon off of your money. If people's belief in crypto rivals the belief in the faith and credit of Central Banks, that will devastate banks. Well, not yet (maybe my next article....XRP, Big Banks and Bully Moves)!
So this is just one segment of my Bit from my piece of cyberspace.