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RE: Necessity is the Mother of Invention

in #informationwar5 years ago

I can't remember if anyone has ever called me an optimist... ever.
Let me be very clear: I don't think I'm going to survive this.
I've already severely overplayed my position with nothing to show for it.
How many of us are on some BS government watch list? Who knows.

An individual is fragile.
Life in general is incredibly resilient.

We are approaching an age of mass extinction, radical environmental change, and hyper evolution.
If I happen to be cannon fodder for the first line of defense, so be it.

bitcoinshield.png

Bitcoin crashed from 20k because it was bubbled AF. Derivatives can't tame a beast that is doubling in size every year. If anything I thank the futures market for lowering the volatility of Bitcoin by crashing it early. Don't act like Bitcoin hasn't already bubbled and crashed in exactly the same way several times over with no futures market involved.

Also, Bitcoin is not the coin of the people. If anything it would serve as a great world reserve currency used only by governments, banks, and corporations to transfer around huge sums of money quickly and permissionlessly. This is exactly what's going to happen if enough fiat currencies go under and can't resurrect themselves. Oh but wait... wouldn't it be nice if they rolled out G5, facial recognition, banned cryptographic communications, and monitored all online transactions before they embraced Bitcoin?

Oh wait... that's happening right now. LOL. Bitcoin is going to go x???? over the next two years... and that's not a bullish statement. It's going to be fully co-opted. What I'm hoping for is the trickle-down effect to fund every other project. Maybe we'll fund something good out of Bitcoin's corruption. Crypto is exploring every available option. Most paths are dead ends.

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Derivatives can be structured to multiply exponential growth, or just as profitably quell it. I find it almost unbelievable that JP Morgan is keeping the price of silver down despite the immense crash of stocks, and at a time when silver is at its all time low relative to gold. It's quite a trick.

Hell, they dropped the price 25%, although it's bounced a bit.

BTC has far less financial interest, and is therefore far more manipulable. When you can conjure infinite amounts of money out of thin air and deploy it however you want, you sure as hell can control the price of anything.

I read Amazon has discovered one of their wagies is infected. Is that not in your neck of the woods? Stay safe.