Cryptocurrency Is a Chaos Op
It’s working
Here is Elon Musk’s bff Jack Dorsey diving face first into the most recent cryptocurrency crash. Apparently this is a hint to invest in a particular coin. Like Musk, Jack is an anarcho-capitalist, which means that he believes the current financial system of regulated capitalism monitored by a democratic government needs to be destroyed so he can get even richer. He knows very well that crypto is designed to replace the US dollar and therefore bring down the existing financial system.
ICYMI,the last few days have been a bloodbath for traders when a “stablecoin” called Luna lost 98% of its value overnight. Also Bitcoin is trading at half its highs.
Nonetheless there are still trillions of dollars wrapped up in artificial crypto markets that no one understands, and in generally worthless digital doodads called NFTs which are now offered as part of the Twitter sign up process.
The allure of free money, where one “invests” by following what a bunch of other people do rather than actually creating any value has been around since Tulip Mania in the 1600s. The proliferation of all manner of exotic financial instruments with names like DogeCoin creates the conditions for financial market manipulation and ultimately economic warfare.
There’s a reason that China and Russia ban crypto. Because they know it is a weapon.
Of course, I’m no Luddite. I think experimenting with new systems is necessary and good. I’ve done it all my life. What I object to is when the true purpose of innovation is hidden from the people that are investing in it.
Crypto has been used to pay for a huge amount of crime and propaganda. Someone just sent Alex Jones two million dollars in crypto, with no accountability for the source or the conditions of the money. The nazi that murdered 51 people in Christchurch made enough money on crypto scams to finance himself. Nearly every neo-fascist leader I can think of is a proponent of crypto, because it gives them a way to get paid with no paper trail. This is by design.
Remember that Elon Musk and Peter Thiel started PayPal with the expressed purpose of replacing the financial system with “electronic gold” before deciding to cash out to eBay instead.
A few years later a LARP called “Satoshi Nakamoto” popped up with the same idea. I’m sure it’s just a coincidence.
And as we speak, Elon Musk’s “joke” cryptocurrency called Dogecoin is trending as a result of the crash which will make him even richer.
ICYMI, 4191% is a lot. How much are those kinds of returns worth to a guy like Elon Musk if he can completely control the platform where he already manipulates markets?
More than $44 billion. That’s for sure.
#BlockTheSale #EvacuateTwitter
PS: Every celebrity taking a shitload of money to push this poison into America needs to stop immediately. Especially Matt Damon.
I need to point out some things about crypto.
Anyone can create a new "crypto currency" by looking for, finding and downloading a program that generates the code. Is something everyone can produce really worth tens of thousands per one unit?
Second, some code like BTC which is bitcoin is an investigative treasure trove telling where the code has been used and digitally by whom. I have read many indictments where the criminals thought that that stuff remained hidden. It's all stored within the ledger, which also makes BTC incredibly slow and worthless to use compared to any fiat currency.
Third, Russia, North Korea and other economic terrorist nations cybercrime units love crypto as it is far easier to steal than money held in actual banks. They then convert the currency to other needs quickly.
Love to see it! I am guilty of being a crypto bro for a while, I mined a a sizable amount of Dogecoin purely for some thing to do while I was board at work and sold last year which gave me to retire, though I do feel a sense of guilt because my good fortune came at a cost of others because Elon Musk inflated it. And I would never do it again.