Central Banks Are Preparing To Take Control Of The Blockchain - Episode 1499a
The Canadian housing crisis is imploding, sales have dropped on existing homes. Inflation is starting to pick up, once inflation gets going the central bank will not be able to control it. The central banks are beginning to move into the blockchain arena, they are now working with Saudi Arabia to establish ripple as their cryptocurrency. Control is the game, control the currency at any cost as the system comes down.
I live in the communist paradise of Canada.... I am just going to add that there was a huge rule change to mortgage qualifications, making it more difficult for Canadians to get mortgages.. Still doesn't mean the drop off is a great thing cause it just shows how many people can't afford a house here... I guess there is always snow so we can make some igloos. =)
I could actually envision a time like this...Similarly, Governments of some nations have already imposed tax which perhaps is a form of control indirectly.
In the long run, Governments will not be able to hijack Cryptos
Lets see how far they can go with that with inflation picking up...
I wish the rate of inflation could be so fast That they'll get to understand that the blockchain arena is decentralized just to make them loss control.
If the governments can control the exchanges they can control the cryptos. The only way around that is to circumvent the exchanges by finding sellers who would be willing to accept the currency directly. This is slowly happening now.
Watch the OmiseGo plasma.io decentralized exchange project: https://blog.omisego.network/construction-of-a-plasma-chain-0x1-614f6ebd1612
I believe Bisq is a decentralized exchange? So, are there other p2p exchanges released? I don't think they'll be able to control crypto by the exchanges, but maybe, they can control markets by buying large sums of cryptos.
Bitshares is a really good DEX. Also, controlling the markets is the name of the game. All they have to do is buy enough of the supply, which even common men like us can do. Who's to say they don't control it all already via insider trading?
They buy any significant amount of crypto, it's going to drive the limited supply of coin through the roof. Not happening.
Were you even around for the last two years?
0_o
I find it significant that just a couple weeks before the crash, futures trading in BTC began. Derivatives are used to control markets, as we see in precious metals.
It is also very significant that during the crash there were no inflows to metals, RE, other assets, including cryptos, which also crashed, or even cash.
The only explanation is that money flowed into the dark pools. If this crash is a model for the ongoing dissolution of the markets, we can expect black markets to overtly control the world financially.
Thank You Dave, great information.
Thank you Dave.
There is DEX called ForkDelta which is a clone of the dead EtherDelta.