The last few weeks have seen a lot of churn in the crypto world. BTC briefly touched $5000USD/BTC and then fell back to about $3000. (But has been recovering nicely these past few days). I believe this churn is the result of blockchain technology based "currencies" getting their legs and continuing to disrupt business as usual. Central bankers are reacting, It is what would be expected in the early stages of the crumbling of an old financial system that is being displaced by something the end users want that the old system doesn't provide. There is lot's of volatility. This doesn't mean central bankers will completely block crypto's in the long term, it's more that they are trying to figure out how to get their fingers in the pie. Trying to figure out how they don't get disinter-mediated. 'Cause that's not a space that pays well. Duh.
There are many, many articles out there taking this position or that. Viewpoints abound. Nobody knows the details of how this will work out. I sure don't. Yet I do believe this is a transition that humanity collectively wants and so it will occur. We want our financial sovereignty. (Back?) We'll leave the how's and what's to the Universe to sort out (and it will) but we collectively want something better for ourselves than we have now so it will change.
I've posted here before how we are in the early stages of such a transition. Still are, and will be for awhile. Quite awhile. Things will be volatile....but will trend to more stability over time. There are opportunities to build wealth. And opportunities to lose wealth. Takes some knowledge and thinking, and some intuition, to come down on the favorable side. And patience and adoption of a long view.
Now we are getting to the phase where the big guys can no longer ignore the crypto space. In general they are trying to figure it out and how to play it to meet their own goals. And yeah, taking care of you in the process is probably not their number one design requirement. Same as it has ever been. A bit of evidence on this in the linked article about how BIS is starting to see things and shape the playing field. BIS, while not widely known, is behind what many of the central banks do collectively.
While the central bankers and power brokers will do their best, my bet is the Universe will out play them. Helps when you make, hold, and can see the cards before they are dealt. The bankers are fully in their illusion of control. A rude awakening for them at some point.
Yet the Universe will, I believe, seek balance. The Wild West environment now prevalent in the crypto space is also not sustainable as humanity will collectively move things towards more stability while preserving their desire for individual financial sovereignty. So there is yet a role for a means of providing that stability...will be interesting to see how that plays out.
Here's the article:http://www.zerohedge.com/news/2017-09-17/scramble-explain-bitcoin-bis-unveils-new-taxonomy-money-three-charts
There are many, many articles out there taking this position or that. Viewpoints abound. Nobody knows the details of how this will work out. I sure don't. Yet I do believe this is a transition that humanity collectively wants and so it will occur. We want our financial sovereignty. (Back?) We'll leave the how's and what's to the Universe to sort out (and it will) but we collectively want something better for ourselves than we have now so it will change.
I've posted here before how we are in the early stages of such a transition. Still are, and will be for awhile. Quite awhile. Things will be volatile....but will trend to more stability over time. There are opportunities to build wealth. And opportunities to lose wealth. Takes some knowledge and thinking, and some intuition, to come down on the favorable side. And patience and adoption of a long view.
Now we are getting to the phase where the big guys can no longer ignore the crypto space. In general they are trying to figure it out and how to play it to meet their own goals. And yeah, taking care of you in the process is probably not their number one design requirement. Same as it has ever been. A bit of evidence on this in the linked article about how BIS is starting to see things and shape the playing field. BIS, while not widely known, is behind what many of the central banks do collectively.
While the central bankers and power brokers will do their best, my bet is the Universe will out play them. Helps when you make, hold, and can see the cards before they are dealt. The bankers are fully in their illusion of control. A rude awakening for them at some point.
Yet the Universe will, I believe, seek balance. The Wild West environment now prevalent in the crypto space is also not sustainable as humanity will collectively move things towards more stability while preserving their desire for individual financial sovereignty. So there is yet a role for a means of providing that stability...will be interesting to see how that plays out.
Here's the article:http://www.zerohedge.com/news/2017-09-17/scramble-explain-bitcoin-bis-unveils-new-taxonomy-money-three-charts
