The Establishement's War of Attrition Against Cryptos is the Next Stage.
It's clear to me now that Wall St. is behind the failure of the New York Agreement and that Roger Ver was used as a stalking horse for their needs to destroy Bitcoin's ability to function in the marketplace. But, it is this very kind of attack that betrays the weakness of their position.
But, the news of the day is payment processor Stripe just dropped Bitcoin as a means of payment saying the fateful words, "It fails as a currency."
From the post at RT:
“Over the past year or two, as block size limits have been reached, bitcoin has evolved to become better-suited to being an asset than being a means of exchange,” the company said in a statement.
That's the bad news. The good news is that Stripe still believes in cryptocurrencies, just not Bitcoin. The company's statement makes it clear it understands the issues and that other projects may be suitable for future needs, most notably Litecoin and Steller Lumens.
Stripe added that it remains bullish on cryptocurrencies, naming the most promising projects, including Lightning, OmiseGO, Ethereum, Bitcoin Cash, and Litecoin. The company will probably include Stellar cryptocurrency in the list of services it provides.
What becomes immediately obvious is that governments and the banking industry/cartel are fighting a war of attrition against cryptocurrencies. By consistently throwing up roadblocks, perceived or real, to their adoption, they seek to simply slow down their development as a challenge to the existing financial order.
Ultimately, this is a good thing.
First They Laugh At You
Then They Fight You
Then You Win.
Never Attack Down
The establishment never attacks down if it isn't fundamentally threatened by something or someone. It's the first rule of politics.
In 2008, Rudy Guiliani ended his political career by attacking Ron Paul at an early primary debate. In their hubris, they thought they could blind-side and intimidate Dr. Paul by allowing then front-runner Adolph Rudolph Guiliani to grandstand on 9/11 to boost himself to the Republican nomination.
Dr. Paul stood his ground and famously said "NO!" and then proceeded to bring up the concept of blowback. It awoke an entire generation that there was someone running for President who wasn't a complete tool.
Guiliani was soon hounded out of the race and Dr. Paul started the counter-revolution here in the U.S. that culminated in Donald Trump's election in 2016.
Guiliani's mistake was attacking down. In politics, the front-runner has everything to lose in engaging with someone below him in the polls. It's a sign of weakness and insecurity in your lead. By even acknowledging Paul's presence on the stage to score cheap points, Guiliani showed weakness and Paul became a rock star.
The Future is Bright
I know we're on the right track here because they are fighting cryptos in the trenches now. And they are trying to kill the momentum of crypto being on everyone's lips. While the DOW is at all-time highs all anyone can talk about is Bitcoin.
Think about that for a second.
And then think about what's coming next. Because you can see what's happening within the market. The applications platforms projects like Ethereum, EOS, STEEM, NEO, OMG, KMD and others are all not only holding onto most of their 2017 gains, they are also the first to rally on any bullish day, outperforming Bitcoin and most of the alternate currency coins like BTG, BCH, LTC and the privacy coins.
It's especially gratifying to see STEEM do this. The only one of these offerings with a widely-used working product and a thriving user-base is not only attracting financial capital but intellectual and human capital (the most important kinds) at the right moment in the story.
It'll be the growth of STEEM which helps spear-head the acceptance of these other blockchain-based projects. It's frankly silly to see all of the developers on sites like Medium but not here. This place is the best advertisement for the potential of their products. It's not the competition, it's their advertising platform.
So, keep this in mind when you see yet another post on here about Bitcoin dropping. The Empire is striking back because it has to.
Curated for #informationwar by @stevescoins
Relevance: Deep State control of financial institutions
Our Purpose
Thx for posting that video of the debate with Ron Paul. You've mentioned it several times. I have wanted to see for myself what happened, but not enough to go try to find it. What was so interesting was the rousing applause that Guiliani received at the time when he opened his idiot pie hole - which makes Ron Paul's reaction that much more impressive, to me.
I remember that moment like it was yesterday. I went to work and watched it on YouTube and went nuts. I immediately e-mailed Lew Rockwell, who is one of Ron's closest friends and advisors, and told him to tell Ron to get ready, because the avalanche was starting
They were over-confident and that made them vulnerable. Guiliani's career was over literally within a week. A month later the first money bomb hit the internet and that was, as they say, that.
So, explain this one to me: you post this great article on Steem, and you get 21 votes for a total estimated payout of $3.23 in the first 10 hours after publishing it. Then, @zerohedge re-publishes that very same article, your article, 6 hours later, because of course the real zerohedge has picked up your article, and in 4 hours he gets like 60 votes with a potential payout of $35 so far. How the fuck does that make any sense?!?!?
Because no one of note reads my work here. Spread the word. What else can I say?
This is the key to the whole thing;
The traditional financial markets have lost the trust of Main Street. With the crazy ride the markets have been on since 1998, people recognize more and more that it’s a shell game and they are the mark.
Cryptos great promise is that it can put buying power in the hands of a villager in Africa with a cell phone as well as an investment banker on Wall Street.
Oh, BTC is going up, that is for sure, it is and will be attacked but ultimately the financial interests will accommodate themselves to crypto currency.
Agreed, but first they want control of it in the hopes that they can break the enthusiasm of main street in the process. It won't work.
They want BTC for themselves and use it like they use gold to wag the dog of the financial markets.
I'm 100% done with BTC until it is useable. Love what it gave us but the system is broken. The real development and innovation is on ethereum, monero, zcash, and so many other projects.
this is great investing sir and thanks for sharing this, this is something new to me.
wow very needed post .thanks for great video.
i do not know how to use steemit but your blog is beautiful......@goldgoatsnguns
crypto's are future, everyone should read this post, it's so important for all.
very needed post.