Even though I am a bestselling author through a well known publisher, I believe self-publishing books on the steemit blockchain can spur the future of self-publishing. I am a full believer in bringing power back to the individual. Blockchain technologies do this brilliantly.

I have published books through numerous publishers including Wiley & Sons on investing. I have also published over 100 scientific research articles in various journals in the nuclear sciences. http://en.wikipedia.org/wiki/Chris_Kacher

I plan to publish here on steemit in installments. Profits made here on steemit will go to dogecoin-based charities and causes as well as other good causes that are managed efficiently. While most of my following remains unaware of the power of the blockchain, I hope to bring awareness to others with this book. Odds are they won't be members of this site so won't be able to upvote, but my intention is not to monetize but to educate.

I have advised pro bono cryptocurrency traders. As an early investor in bitcoin, darkcoin (before it changed to dash), ripple, and steemit, my personal returns have been massive. I have guided these investment platforms to allocate a certain portion of investment capital into steemit. I believe steemit has a first-mover advantage. Of course, the future technical action of steemit will confirm or disprove my thesis.

Introduction from my upcoming book:

The Revolution Will Not Be Centralized™: The Rise of the Blockchain

by Dr. Chris Kacher
http://en.wikipedia.org/wiki/Chris_Kacher

The blockchain of which bitcoin has first mover advantage is turning many disparate forms of scarcity into tokens just as packet switching turned many disparate forms of information (photos, video, audio, text) into packets.

Tokenization of traditional assets will massively disrupt the status quo. The global real estate market is valued at $224 trillion. Fractional ownership/shares in assets is made possible via blockchain.

The blockchain world is coming. Current systems will have to evolve. Those who benefit from the status quo will stand in the way of change by regulating. This is merely a speed bump, not a barrier.

Buckle up. We're going into a new era. ❤ ͜ʖ ͡❤

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A Brief History In Time

Cryptotech in 2017 is where the internet was in 1997 a year after Netscape, the first dot.com IPO, was launched.

The Power To Decentralize Power

Aside from the clean chart patterns in bitcoin, my interest in blockchain technology vaulted years back when a friend told me it has the power to decentralize power structures.

No More War

Satoshi created bitcoin as a way to prevent future financial collapses such as the one in 2008 and also to prevent governments from printing their own currency to fund their wars. Of course, one must connect many dots to reach this conclusion. But the same could be said for many of the other blockchain innovations which are just coming to light.

Humans Cannot Be Trusted

Blockchain is trustless. This means nobody has to trust anybody else in order for the system to function. Every form of digital currency before bitcoin required a central authority that you had to trust in order to use the currency. This was the weakness that ultimately spelled the end of the currency. With blockchain, multiple users collectively agree and digitally attest that a certain transaction took place without the need for a central authority.

The End of Corporations?

This has vast implications. Amazon, Ebay, and many other companies act as middle men. Blockchain will push these middle men platforms into obsolescence. This is why I've said, and Naval Ravikant agrees, that 90% of jobs on Wall Street will be gone in 7 years. Big statement, but no bigger than the things I was predicting in 1995 when I launched my first website Virtue of Selfish Investing (http://www.selfishinvesting.com).

Government One Massive Middle Man Operation

Government is one massive middle man operation. You can connect the dots to see where blockchain may lead humanity. A world without wars, without invasions of privacy, trillions of dollars saved on surveillance, trillions of dollars saved on weapons of mass destruction.

Sometimes, simple inventions have far reaching consequences. Eliminating the middle man has vast implications for corporations and governments which are built on middle men. Blockchain creates trustless interaction between human beings removing the need for the middle man.

George Orwell may stop rolling in his grave... in time.

Race to Zero between the Dollar, Euro, and Yuan

Meanwhile, central banks continue to print money at record levels. Ultimately, it's a race to zero between the dollar, the euro, and the yuan. The world has never been mired in so much debt. If 5000 years of recorded human history is any guide, governments have never been able to pay back the debt. The debt consumes much like a cancer, the system collapses, and rebuilding takes place. This time, the counterbalance is blockchain as well as the growing number of exponential technology such as AR (augmented reality), VR (virtual reality), AI, and nanotech.

Bitcoin As Store of Value

Bitcoin’s fixed supply is fixed at a total cap of 21 mln, while the supply of the US dollar in contrast is not fixed and has consistently been altered and manipulated by the Federal Reserve, using quantitative easing, or QE. Bitcoin thus represents an excellent store of value, vastly superior to gold since bitcoin has no physical storage or transport issues. Certainly, countries who are used to their currencies plummeting in value such as Venezuela, Argentina, and Brazil have embraced bitcoin.

From $1 to Millions in 8 Years

$1 invested in bitcoin in 2009 would be worth about $4 million in 2017. Even after the many 50-90% crashes in price due to regulatory issues, hacks, and/or technical issues, it still manages to reach new price highs.

And that logarithmic chart only covers from 7/18/2010 through late 2014. In 2009, bitcoin was worth around one-thousandth of a penny. As of this writing, the price of bitcoin is worth thousands of dollars.

NOTHING in the history of speculation has ever come close to this on a percentage or time-frame basis. To compare it to a ponzi scheme or tulips is to confess TOTAL IGNORANCE to the underlying technology.

More recently, in 2016, the total value of cryptocurrencies stood at $5 billion. They crossed above $100 billion in early 2017. In a couple of years, they should be worth between $1 trillion and $10 trillion, or yet another 10- to 100-fold rise from current valuations.

The Dollar's Days Are Numbered

Someday, cryptocurrencies such as bitcoin will replace fiat, and the cryptospace will be worth hundreds of trillions of dollars (in today's dollars since the future dollar is likely to be worth a lot less (͡° ͜ʖ ͡°). Indeed, as General MacArthur once said, soldiers never die. They just fade away. The same may be true of fiat currencies.

Are Bitcoin's Days Numbered?

Media exaggerates or gets it wrong. Broken record. Every year since 2010, there are scores of new, shocking reasons why investing in bitcoin or some equivalent has been foolish.
Bitcoin has "died" over 150 times since 2010: https://99bitcoins.com/bitcoinobituaries/

Most recently, the CEO of JPMorgan, Jamie Dimon, just called bitcoin a fraud. The delicious irony is he had to pay $13 billion in fines for fraudulent mortgages that caused the housing crisis. The HYPOCRISY of human beings is astounding!

Reminds me of the argument I had with Nouriel Roubini (Dr. Doom) in NYC back in 2013 at a friend's salon. He said bitcoin has no concrete value while ignoring the massive transformational utility bitcoin and other cryptocoins provide.

These old school guys just don’t get it. Or perhaps they're so deeply entrenched in the status quo, they fear the technology because it represents great change. They would rather see blockchain die.

Are the ICO's Days Numbered?

ICOs are initial coin offerings. The ideas being launched are nothing short of phenomenal. Most recently, two well meaning friends sent me these articles the other day:
https://www.inverse.com/article/36112-china-ban-ico-bitcoin
and
https://www.wsj.com/articles/china-to-shut-bitcoin-exchanges-sources-1505100862

China is smart. If they eliminate ICO tokenization, they get left behind. They know this. They will most likely come to some resolution/compromise regarding ICOs and investor safety. Otherwise ICOs will just move to jurisdiction-friendly countries.

As for shutting down the exchanges, if such actually did occur, trading will just reposition in other countries. Any instability in Chinese bitcoin exchanges will simply lead traders to the Japanese market, which has been efficiently regulated by the government over the past 12 months. Japan would grab significant market share.

Meanwhile, should bitcoin crash once again, it's a great buying opportunity if bitcoin price history since 2009 is any guide.

Decentralization of Everything

Blockchain technology decentralizes existing structures. The effects are transformational. Already we see ICOs offering a decentralized CPU (Golem), decentralized storage (Filecoin), decentralized gaming marketplace (Dmarket), decentralized insurance (Etherisc), decentralized exchanges (Bitshares), and decentralized web hosting (Substratum). We also have ICOs bridging crypto- and real economies by tokenizing shares of any asset (LAToken), unbanking the banked (OmiseGo), and banking the unbanked (HumanIQ).

To Be Continued

(͡:B ͜ʖ ͡:B)

About Dr. Chris Kacher

Dr. Chris Kacher has appeared on major television, radio, and print programs and is the bestselling author of "How We Made 18,000% in the Stock Market". He founded Creative Trading Ltd, a company aimed at helping others invest in cryptocurrencies. He is currently launching a pro bono cryptocurrency fund and has been an investor in various cryptocurrencies starting in 2013 including STEEMIT when it was founded in 2016. He is the co-founder of http://www.virtueofselfishinvesting.com and has co-authored several books in investments as well as over 100 scientific journal articles in the nuclear sciences. He helped to discover element 110 on the Periodic Table of Elements as well as confirm the discovery of element 106 which his team named Seaborgium after his UC Berkeley Ph.D. thesis advisor Professor Glenn Seaborg. His music has also charted on the iTunes music charts twice.
http://en.wikipedia.org/wiki/Chris_Kacher