My Letter to the Editor @ Bloomberg - Re: When the Bitcoin Bubble Bursts (Link to Article Inside)
This is a direct copy of the letter I wrote to the editor at Bloomberg in response to an article titled "When the Bitcoin Bubble Bursts" ( linked below ):
I will post any reply I receive - Will keep ya'll posted.
Hi there,
I will assume for the moment that you are an editor who whole wholeheartedly believes in providing well thought out, informative and above all unbiased pieces of writing to your readership. You would never "tow the line" or push an agenda simply because job security and upward mobility have ultimately become your sole prerogatives. I will also assume that when you hear the term "fake news" you don't make an off-the-cuff remark on it being a bogus, over-exaggerated phenomena. Finally, and possibly my biggest leap thus far, that you, at the very least, have a rudimentary understanding of cryptographic currency.
Now that I got that out of the way, what on earth has driven you to allow the inclusion of such an ill-conceived article on a platform held in such high regard by the fine folks on Wall Street and investment community at large? If you were an editor at the Washington Post, or the New York Times this (pardon my language) error in judgement would simply be one more shovel of b.s. in an inconceivably, almost infinitely massive mountain of crap. Is this article not the same as the hundreds before it who so disastrously made the same call when Bitcoin was $100, $200, $600, $1000... well, you get the point, even a broken clock is right twice per day.
Now, let us hypothetically throw out all prior assumptions and speak frankly if we may. Even the simplest understanding of currencies would make painfully obvious that any currency (or currencies) without a standard to base it against, and infinite in supply would leave the proverbial door unimaginably open to countless manipulations, distortions and downright criminality. Assuming that when governments or multi-nationals break the law it applies equally to them as it would to me or you. This then leads to one inescapable conclusion; any system or society built upon or around currencies infinite in supply and based without standard, given time, will lead to ever-increasingly disastrous consequences for the population and the earth itself.
Look, I understand you have a line to tow, an agenda to push, but as inconsequential as you may be in the grand scheme of things, selling out is still selling out.
Common man, you can do better...
-Mark K.