Dude, encryption is just math used to prove something happened, and it puts power in the individual's hands.. the opposite of what a power-hungry banker wants.. The cryptowars were waged to put cryptography in the hands of the people. Bitcoin sucks but that is just absolutely nonsensical.
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power in individuals hands? http://www.zerohedge.com/news/2017-09-19/cryptocurrency-concentration-just-4-own-over-95-bitcoin?page=1
I know all about that - it's heavily manipulated. That being said, encryption is not the problem, nor is crypto. The problem is mining, fiat crypto, and overhyping of this old Bitcoin technology. Cryptocurrency is a banker's worst nightmare - especially now that we have anonymous transactions on Bitshares.
i think that blockchain was created by banksters, but they dont think that appear so many coins, now are 400 or more coins, that dilute the control over the market, but... maybe the game is only recognize less than 10 coins , and that is doing by countries and presidents.
I see what you're saying, we do live in a winner-takes all market, and there are a load of crappy ICO's rn. I think they want a shitcoin to win so when it crashes they can label cryptocurrency dangerous. That way they can justify massive government regulation and the rollout of a Fed-coin or UN Phoenix-coin.
the famous Phoenix coin that talk about the Economist, but i think that that is a symbolism, not the real name of the coin. NSA ( Nakamoto Satoshi agency) is trying to know is the crypto could be worldwide accepted. If not, a plan C could occur.