The world is nothing short of those with enormous money and influence, so how likely is it that cryptocurrency is just another Ponzi scheme run by them to gain further power and money?
To be precise, very likely. But it isn’t ‘just’ another Ponzi scheme, its the greatest deception to be witnessed in the world economy.
The purpose however, remains unclear if you are keen to only scratch the surface. Obviously making money seems their sole perspective, but are they doing it just for the money involved, or is this the tip of the iceberg?
It is certain that a currency which isn’t governed or backed by any government can provide an easier tax evasion remedy for the rich across the globe, which further points to untraceable investments and profits. So an alliance of their kind, of the influential and the rich, is all that’s needed to dominate the world currency and control it in every extent possible all while the governments stay dumbstruck.
The scope of cryptocurrencies isn’t just limited to money laundering and mass domination, it also proves to be untraceable, for weapon, human, and drug trades, all of them being ultimately portrayed as to be by the people, for the people, and to the people with all their interests. This enables promising political influence and control and, needless to state, the very important support of the masses, already proved enough to overthrow governments over-night.
The total market capitalization of all cryptocurrencies is somewhere around 321 billion dollars as of today, and the 24-hour trade estimated to be 14.7 billion dollars. So if an alliance of the riches thinks about manipulating trades, it ain’t going to be a big deal for them at all. The total amount to shake the roots of the crypto market is estimated to be barely 50 billion dollars, and much lesser when considering simpler manipulations every day.
The rich has found the way, of getting richer by the end of each day. While the poor will be stuck in a loop of dirty gamble which will eventually make them beg at the end of the day.
Even the world’s greatest economists have failed to draw out the exact consequences of cryptocurrencies, given its fluctuating trade chart. Could it mean they are being paid to keep their eyes closed? Or do they happen to be blind actually?
What make cryptocurrency so special?
It is in the roots of its very design, the way it works, its implementation through blockchain.
The pure demand and supply trade chain seems impenetrable from the outside, but offers all you need to mend it from the inside, given you can provide for the investment. The crypto market runs purely on market capitalization and obviously foolish investors looking to make quick bucks, so a round of events and a bit of planning is all that’s required to fragment the system, and all while remaining in the shadow.
So is it so simple to wreck the crypto system, the best of the finest, block chain technology?
It is way simpler than you can imagine, given the enormous power and money, you can easily bribe even the most influential media channels in the world, and this is all you would never need. All it takes is a great non intrusive marketing strategy and shutting a few mouths, all you need is for people to blindly believe in a technology, just like we are convinced to believe in the ‘blockchain’.