The truth is, Americans and Western aligned people and entities have accelerated their dislike of the Giant Lizard (GL) with concrete actions. Most of these GLs are of unknown provenance. Many Americans increasingly want to nuke the GL, a job that many believed should have been performed in the 1950s. In the 1990s, Willy and W brought the GL into the WTO. It’s nothing more than greed and honey traps. When Bitcoin first got my attention, it was just a concept. If I did have a wallet, I probably given away all those worthless coins over a decade ago. I always thought the blockchain decentralization side was great for transparency and privacy at the same time, something that’s not easily achieved the same time. The biggest concern I have about crypto is its people. The reality is most of these people who are propping it up are the uneducated and inexperienced. If you tell that to them, they will tell you that you are a hater who hate their rugs to riches moving out of their parents’ baseball with their coins, stamps, collectible banknotes, bobbleheads and of course their sports and Pokemon cards story. The truth is, they have little sense of how the world works and how history repeat itself in patterns that they will likely be a part of. TPC, why you hating on the uneducated and the losers of society? You know we can unionize, vote and unite to form a strong coalition right? True, true and true.
You are only forgetting people are mostly in it for themselves. The unity if not trickle down beneficial to the individual level or give the illusion of such benefits, it will collapse faster you can say pardon. As a person, I want everyone to contribute their fair share, if they can’t, then I feel like they are useless to me in the short to medium term. Life is short with so many variable and diversity, long-term is usually for anyone who doesn’t plan to live to 150 and/or reincarnate. Fractionalization of financial instructions and alternative assets without the proper consumer education will create the kind of bubble that will 1929 all the people who know can’t tell two Giant Lizard apart. Getting the pour to spend on something they don’t fully understand will depress the market deeply. Regulation is not the answer unfortunately. It will only legitimize something people don’t understand and endorse risky behaviors. I think the 401(k) scheme is the best thing since Ben Rice but that’s just me. In business, having safeguards and removal of obstacles are both fundamentals. One of the biggest obstacles with the 401(k) system is the paperwork. When you first join an organization that offer such contribution plans it can take some time for one to be eligible. When one leaves the company, there are also unseamless obstacles in rolling it over or withdrawals.
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Cryptocurrency and Bitcoin are next: the rise of a nationalized 401(k) escrow system.
The main reason for this is the decentralized and privately administered nature of the 401(k) problem. Almost all 401(k) programs are provided by the sponsoring organization, typically the one that hired you, and a plan administrator which is typically a large asset management company. Here is the thing, no one wants to put all those money into some government bureaucratic account that can be raided anytime to fund other programs. Therefore I think the middle ground is an escrow service that can seamlessly help people transition their 401(k) and similar type of plans without making so many calls, fill out paperwork and wait for a long time to have it all completed. After all, I when you start out a new job, the last thing you need are distractions that may cause you to lose it. What is wrong with crypto? Are you not happy with the whales or is it something else. Every investment circle and as a matter of a fact in life itself have different types of people and entities operating within its realms. It’s just the nature of the beast.
So what’s your beef then? It’s about the concentration of power per knowledge token. Not trying to be facetious, it’s a fact that a small number of whales control the entire hoard. This happens in every industry with institutional investors but that’s just the issue. I just don’t believe many of these whales are actually qualified de facto institutional investors. All speculators are investors but not all investors make high quality investments. Get it? A lot of these people start out as used car salesmen then turn into the next wave i.e. stamps, coins, banknotes, sports cards, I don’t know phone center scammers? Some of the largest platforms for all I know could be ran by crap university low GPA graduates who embarrassed their own race living in the North America equivalent of Siberia studying at a no-name school and is a verifiable criminal. That’s the kind of shady people we are talking about here. Shame on the organizations that hire such low quality scumbag of a person if such a person/organism/organization actually exists and did such deeds. The Giant Lizard will do what the Giant Lizard does. I wouldn’t work for or trust any Giant Lizard or anyone who been to or have anything to do with the Giant Lizard and/or the Giant Lizard land though.
Funny though, although trading crypto is technically illegal in Giant Lizard land, it’s like with the VPN, they don’t care about breaking the law when it benefits them financially. In this case, a large percentage of the elites and the government officials and their family and friends use this GL created backdoor precisely to give an escape route to their elites. There is almost no legitimate business cases where crypto has a competitive advantage versus alternatives except for illegal business, even then, the lost tribes people already invented the money move people don’t move scheme through asset swaps to move large amount of assets surreptitiously. If we are talking about small scale privacy, prepaid gift cards and money orders only require cash and most security camera footages are cycled through once a few days/weeks. Plus, governments are already pushing digital currencies and the private ones are expanding their footprints. Something that is almost intrinsically useless backed by nothing not even good faith trust yet is selling for large amounts of money playing the supply and demand game, where did the valentine day I heard that one from along with all the other scams over the years.
I do not claim credit(s) for any of these photos/images with text(s) nor do I own these photos/images with text(s). These photos/images along with the accompanying text(s) were published online by the original owner/poster onto one of the world’s largest social media platforms months if not years ago likely intended to be seen by a large number of people/entities/organisms. Yet for some reason, you can’t find these anywhere else now nor do the organizations that are supposedly exposing all of this in question whatever the disputed version between the different entities are publishing any of these likely wouldn’t do so even if they had it. Those that may or may not still have these likely are either under gag order from share entrustment agreements and NDAs in the similar vein that impose huge fines and exposures that they can’t tolerate especially when they are still in Giant Lizard land facing daily potential torture and disappearance.