- Philosophy & Introduction - InziderX
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Philosophy & Introduction — Inziderx
HI, in my previous article, I explained the “Reasons, Concepts and Vision” of InziderX Exchange.
In this article, I want to dive into the white paper and explain the philosophical reasons that surround the birth of the idea.
This world, our reality, the human experience we live in, has always been tied to a historical epoch, where some characteristics weigh more than others.
The 21st century battle of what remains of capitalism and communism, after two world wars. And now we are confronted with what previously would be perceived as an Orwellian reality by the people who lived in the 1950s.
It is the game of Hegel: thesis / anti — thesis / synthesis.
The human condition has involved since, but it seems that we always want more of life, a better condition for all.
The blockchain is a tool, which has no opinion on these considerations by simply avoiding the subject, jumping over it; acting as if these realities were those of yesterday.
In fact, it may be the opposite, the blockchain takes the best in each of these concepts: capitalism — the incentive, the community — compassion, and makes its own synthesis! By passing what may have been intend for it.
Satoshi Nakamoto is still anonymous, the BTC the new world currency, part of that might seem fony. There is obviously more under the subject.
An watchful eye can see Kings and Queens moving on the board.
From the InziderX white paper:
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Abstract
Satoshi Nakamoto; the name itself looks like a pseudonym. As long as his identity is unknown, it will be impossible to know what his true intentions were when he made the Bitcoin code available to the public in 2009 — based on two technologies already in existence at the time: hascash and PGP but with the addition of an ingenious solution to the problem of double spending. The message included in the genesis block could be a clue: “The Times 3 January 2009 Chancellor on the second bailout point for banks”. Has he achieved his goal?
Introduction
The empire is on fire, the new game in town is the “digital assets”.
After the announcement of the future XBT, it was official. Despite the blame on this new intangible asset, the biggest players in the “old” market are silently positioning themselves on the new one.
On February 26, 2018, Bloomberg published an article claiming that Circle Financial Ltd, funded by the world’s largest investment bank, Goldman Sach, purchased the Poloniex stock exchange for $ 400 million.
The bank JPMorgan, whose famous director Jamie Dimon has repeatedly discredited those who invest in Bitcoin and called this technology a fraud, recently invented its own system of decentralized transactions named Quorum — a modified copy of the Ethereum code.
Blythe Master, a global investment personality, became CEO of Digital Asset Holding LLC in 2015, a financial technology company opened in 2014 to develop blockchain technologies for the entire investment industry, financial services such as: as market infrastructure providers. and the banks.
Ripple and his wealthy director, already present themselves as Bitcoin for banks.
For a watchful eye, the examples are not lacking and all he needs is to read between the lines to know what will follow.
After the collapse of the 2008 real estate market and the rescue of banks by the FED, the Dow Jones index has been inflated by more than 300% from its low of 6626 in 2008 to 26 667 in 2018. The Heng Seng of 200% from 10,600 to 33,642, the DAX 125% from 3458 to 7781 and Nekkei 245% from 6988 to 24171. These parabolic increases were financed by public funds but especially by the dilution of the value of world currencies, called quantitative easing.
The dollar USD, like the Denarius at the time of the Romans, dies while being diluting. In fact, all world currencies have only 5% of their purchasing power of 100 years ago, if not less. But when the price of foreign exchange does not drop dramatically because all countries are playing the same game, it is difficult to track its true purchasing power.
The currency war is very real and the side effects are disastrous. In India, the government only informed its population four hours in advance of the elimination of 500 and 1000 rupees, which represents 80% of its emission. Leaving its population, 95% of whom use paper money, in a dead end.
After inflating and diluting what might be, the money invested in the currency market and the stock market funds are looking for a new playing field; the old earth is burned, empty.
Indeed, the correction of 70% of the BTC price in January 2018 is an excellent level of long-term purchase and there is more reason to wait for a better moment to transfer the value. Was it planned?
At the beginning of 2017, the capitalization of digital assets was approximately 27 billion US dollars and 180 billion US dollars mid-year. In 2018, it is now about 800 billion US dollars and more than 325,000 transactions are processed in a day on the Bitcoin blockchain.
The daily volume on the New York Stock Exchange is about 75 million dollars in transactions, Forex exchange market volume is about 4.5 billion US dollars.
If we consider that part of the volume of traditional markets will be gradually transferred to this new market, its development is just beginning.
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In the next article, I’ll cover in more detail the exchange features — we had enough philosophy for now!
InziderX CEO
https://medium.com/inziderx-exchange/philosophy-introduction-inziderx-8495f3a30b39