I am not sure of the "conspiracy" aspect of all this but it is in the bankster's playbook.
- Demonize...Dimon etal are still doing this.
- Send out government hacks to regulate which is code to put under bankster's control.
- Use their unlimited fiat to buy the threat up.
This is #3. All standard protocol. It is one advantage the banksters have...unlimited resources. I am not surprised they are buying up bitcoin and other alt coins. They can figure out the 51% rule and use it to their advantage. The snakes did not become so powerful because they were stupid.
The challenge they fact is how wide spread this is. It is rather simple to develop a token and people are willing to flock to whatever interests them. Controlling the entire Internet when unsiloed is tough.
They can buy up the top 300, that only means 300 more will appear. It could be an uphill battle for the banksters.
I guess the conspiracy element is that the promise of bitcoin and cryptos in general is decentralization and cutting out the banks. This theory, even if it really is business as usual, illustrates the ability of the banking cartels to find ways to infiltrate (and potentially defeat) their competition.
I'm not trying to suggest the idea is novel in any way, most of us have been expecting this move from the very start, it simply represents one of many ways that the banks can achieve their objective.
Great comments, thanks
I dont doubt that they will fight it....that is in their nature.
They are not going to give up easily. Their foundation is being rattled.
Personally, I feel they will not win out in the end for one simple reason: every industry, no matter how much money they had, could not stand up to the Internet penetrating that industry. The banksters have an unlimited source of fiat, but can the system stand up to the radical changes in how things are done that the internet provides. Blockchain is the internet blasting through the front door.
The battle looked good for retailers, newspapers, publishers, journalists, and music company for a long time too...for years in fact....but in the end, they all fell to the internet...or at least faced a radically scaled down industry with much slimmer margins.
Bagus