While having HDD trouble.

Luckily there was a Live CD and the fsck command.

Linux and EXT4 rock.

Now if only the cryptos market were that easy to repair. The harddisk with superblock trouble was restored in a simple way. But it appears that fear, uncertanty and doubt {FUD} really struck like lightning in the cryptos market. This is nothing new though, it happened before afte the market rocketed from one All Time High {ATH} to the other. And I remember that way back when I was making my first steps in crypto trading it did kind of scare me. It is at those times that panic sells are done, while it is best to HODL. And actually BTFD {Buy The Fogging Dip} at the lowest possible point. Rumours, gossip and hunches, hear-say, they can have quite the impact on the cryptos market. And it is quite easy to lose ones cool over it.

Check facts, check sources, because most of the time it is indeed rumours, gossip, or facts from hear-say. Take for instance the rubbish that Russia is going to forbid having Bitcoin addresses. Now, that had me question the intelligence level of the Russian government, if that were really true. So, that is quite surely to be casted away as: rumours, of the FUDding kind. As a matter of fact Russia wants to become the market leader in blockchain technology starting from 2018. An interlantional bank from Nederland wants to be the leading one in blockchain financial technology. It is all in the news, that can be checked for its resources. And I encourage you to do so. Because there are many self acclaimed, so called, blockchain news sites that just spread rumours, gossip and hear-say. It is unbelievable that they even get any traffic at all!

Some are just a bit short off news like: "Aliens from Alfa Centauri want to destroy Bitcoin satellites." And yes, there is the magic doom word: China. Now we can see that to be able to trade in centralized exchanges registered in that country is quite risky. But that goes for the United States of America based centralized exchanges too. Want to get yout BTC out? Well, you need to prove a lot before you are allowed to do so. Some do not mind. As having a bank account is the same at some point. Yet, for those who see free open sourced public blockchain technology as an alternative to the monopolized money governing banking system, this is something they do tend to dislike. It is all about centralized control, some are okay with that, others do dislike that. And huge governmental powers like the USA and China do make using centralized exchanges unpleasant, to say the least.

What is to expect from a broke system?

The future liberty developement solution for blockchains will be in decentralized exchanges. One thing the Chinese and American people could start to do is move their assets to the Decentralized Exchange {DEX} of Bitshares. Of course the dictating governments of these countries will dislike that. But as the masses make these movements, this is then what the people apparantly want. So, what are these governments that try to prohibit this for the people? Multinationals not paying taxes, through using tax-havens like Nederland. Banks disrupting the economy because they overspend and created bad economical tools called derivatives, had to be saved, right? And do you remember who payed for that? Does "we the people" ring a bell for you, perhaps? It is all out there for everybody to see and still that broke system wants to dictate humanity...

To me that is absurd. But, it is clear to me that it is possible to gain control over any blockchain by regulating centralized exchanges. It is even kind of strange to expect those governments to just let another value exchange system take over the totaly bankrupt money one. Is it strange that people rather speculate on something that grows than something that keeps devaluating? Even weirder is the claim that things like Bitcoin, Litecoin and the lot, would disrupt the economy. It gets spend, there is trade, and so there are, at any point, taxes being payed. Basicly it is not real value, but it could be seen as a stamp collection. Or as some do have it taxed as a kind of life savings. And yes, as it is volatile, it has certain risks, except when it is pegged like bitEUR, bitUSD on the Bitshared DEX...

Mundo, the averaged pegged Asset.

My idea for a Mundo is from a while back. Where I started it as a Vertcoin fork, because of the stealth technology that one had too. At a certain point though I did not see it as very logical to create yet another crypto. Now I do see a function for something like the Mundo. Idealisticly excisting on the Bitshares blockchain. Where it will have the function of being the weighted averaged pegged crypto asset. It will be an average of all money types. In the Bitshares system think of it like bitUSD, bitEUR, bitCNY, bitRUB, bitRUP, all added together in value and than taken the average of that. This creates a mondial value storage called the Mundo. The value held in a Bitshares wallet can then be denoted in Mundo as a term of value. This could create a new mondial payment system. Buy in China with Mundo, even if you have bitCNY it your wallet, just as an example. Free trade all over the world, thanks to the Bitshares blockchain, its Decentralized Exchange and the Mundo.

And in the meantime, stay calm and HODL, it is just another panic sell round, meaning cryptos are ON SALE again. It happened before and it will happen again. In the meantime though you might want to have a serious look at the Bitshares/ Openledger DEX. Bitshares are still very cheap, but not anymore if everybody moves out off the centralized exchanges and goes to the DEX. Still, remember to only invest in cryptos what you are able and willing to lose. And your speculation might be as good or as bad as mine.

Have a great one!

The Bitshares DEX on a Linux based Desktop.

screenshot cc-by-sa @oaldamster