Whoever Has the Crypto Makes the Rules
“The past is never dead. It's not even past.” - Faulkner
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"I am talking about the creation of money and value out of thin air," he continued. "Governments now look at [cryptocurrency] like it's a novelty but the bigger it gets the less of a novelty it becomes."
“And that is different than what the banks do?”
“Yes much different. We don’t just “make up money” we have to do much more than that.”
“How do you account for fractional-reserve banking then?”
“Through accounting. It is a widely accepted practice and has been around for a long time and thoroughly tested”
“Accounting has changed though, there used to be daily audits, now they are done quarterly, which with the increase in technological advancement, that has increased in time to do so by 9000%! Plus traditional accounting methods cannot reconcile microtransactions, most of your software only allows two decimal places, which is utterly useless now.”
“Look, we don’t do anything wrong. We follow all the rules.”
“You and your kind made the rules.”
“That is just a popular lie told by conspiracy theorist.”
“Your ad hominems don’t change the truth.”
“Look, if you came here to argue you can leave.”
“You called Bitcoin a "fraud" and then your company basically bought the dip. That’s market manipulation, which is not new to your firm. That’s fraud. Plus you said, and I quote, “It's worse than tulip bulbs. It won't end well. Someone is going to get killed.”. That sounds like a threat if you ask me. You merely fear this cryptocurrency movement because it threatens your power. You will no longer be the debt-slave master on top of the world...”
“THIS INTERVIEW IS OVER! GET OUT! SECURITY...”
“Easy sir, you don’t have to shout. I’ll see myself out, sheesh...”
Stay tuned.
Stay interesting.
Stay Strange.
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Excellent post friend. I like crypto because there are transparency in change with the actual economic system of the bank all is about the banker earns.
The crypto are new but they in a future are going to replace the actual system of money.
Yes these are interesting times to be alive!