The Scarcest Bitcoin On The Planet - BTCP

aurelius2001 (42)in #crypto • 7 years ago (edited)

Aurelius, February 12, 2018

"Debt is a prolific mother of folly and of crime" - Disraeli.

Lewis S. Raniere, whom many consider to be the Father of Mortgage Backed Securities, was named one of the “greatest innovators in the past 75 years" by Business Week; except MBSs actually incentivized terrible business practices that led to one of the biggest financial crises in history. In 2008, the securitization market reached a harrowing $10 trillion- and that's Trillion with a “T.” Unfortunately, my fellow readers, the backbone of the American economy is not the auto industry, the housing industry, or even entrepreneurship– instead, its debt. But not the “good” kind of debt (if there ever was such a thing), rather, it’s the kind of crippling and insurmountable debt that is bundled-up, packaged and presented to Wall Street in the form of an investment opportunity.

Consequently, MBSs and other Collateralized Mortgage-Backed Securities (MBS) have yielded a diminution in the value of the American dollar– as a majority of our Nation’s currency is tied to the repayment of these debts. Since the 2008 economic disaster, which almost created a present day Global Great Depression, Americans had no choice but to look to Government & Federal Reserve to bailout our banks. On the backs of its citizens, over a 700 Billion dollars of aid was provided in the form of a loan, debt! And the Federal Reserve invested over 9 Trillion in overnight loans through 2009.

There Is Hope!

Ten years have gone by, and the emergence of cryptocurrency has enabled Main Street to take back some of the power that Central Banks have been HODLing for decades. But they won’t go down without a fight. Interestingly enough, banks and other financial institutions are prohibiting its customers from the practice of utilizing debt to purchase crypto assets, "all in the name of protecting their consumers" right.....

Fiat money (currency that a government has declared to be legal tender), has been manipulated since the implementation of the Federal Reserve System and it took the 2008 Financial Crisis for the world to hear the warning alarm that a systemic financial crises is imminent. As of 2016, the amount of U.S. Securitization has an outstanding volume of $10.25 trillion, exceeding the that of $10 Trillion in 2008. Disraeli was onto something, yet debt is now on track to break records in 2018.

So if you want to know why Bitcoin has increased in value and are trying to understand how it will soon go parabolic, heed the ways in which the financial system has faltered in the past. See the writing on the wall. For if you do, this time, you will be able to do something about it. The Bitcoin Blockchain was Satoshi Nakamoto’s way of saying “Enough Is Enough” By creating a peer-to-peer electronic cash system, the Government cannot manipulate cryptocurrency the way it manipulated fiat money. And unlike paper currency, or commodities like gold or even corn, the amount in circulation is capped.

Once the last coin is mined, no entity in the world can demand we create more for Bank Bailouts! Imagine there only being 21,000,000 bars of gold, think the value would be higher?. Should Satoshi Nakamoto not be named one of the greatest innovators of all time? The scarcity factor alone makes Bitcoin one of the best stores of value in existence but a new version, a much more fundamentally sound version is set to fork this month with a snapshot date of 2-28-2018. Bitcoins current version doesn't go far enough post Edward Snowden Era, where our privacy is violated in the name of "security" and the tools available today make it easier for criminals to steal your wealth.

Bitcoin Private does what Bitcoin can’t indepenently, it brings privacy to the blockchain, with cheaper mining, lower fee's and faster speeds; but that's only half of the story. Only 21 million coins can be mined from Bitcoin. There’s no other way to obtain more, but here's the secret, this is a fork between 2 different coins; Bitcoin & Zclassic, a privacy coin that uses ZKsnark technology. Want to know why that matters? Currently there are roughly 16,800,000 Bitcoin mined out of a total 21,000,000 but Zclassic has been mining its own coin and currently there are 3,298,000 mined, meaning that on February 28 2018 we'll be at a little over 20,098,000 out of the total 21,000,000 minable coins. This makes Bitcoin Private the Scarcest Bitcoin On The Planet.