What is interesting about Bitcoin is it has been a 'proof
of concept' and the concept is now fundamentally proven. So what is
next? As with the emergence of the WWW there was this 'eye of the storm'
period when, for a while, the systems were in place and nothing much occurred. Then came the DOTCOM bubble. From the ashes today's enduring
players arose: formed and consolidated. It appeared to me that nothing
much was initially happening because nobody wanted to deal with
companies and brands they had no historical knowledge of in the
bricks-and-mortar world. Once these friendly faces emerged people went
on-line and started shopping with them and soon also with a few notable internet born
exceptions: Google, Facebook, Amazon and eBay. I recall Amazon was 'the one' - the big newcomer ground breaker.
Bitcoin has been victim of its optimistic supporters in so much as people have speculatively invested in Bitcoins whereas that is not its real purpose. It is first and foremost supposed to be a means of exchange - that is its strength. But as a means of exchange it has not started to be truly useful. I cannot see making my larger payments say from UKP to JPY is really helped by using Bitcoin as the mechanism of transfer. It needs me to hold funds as Bitcoin and sellers to want to do the same and that is a long way off. It is an unknown and subject to sharp value fluctuations.
Now if the IMF came up with a son-of-Bitcoin that was indelibly tethered to their SDR basket of currencies the day of the digital coin would happen immediately. And if every major bank offered access to the same service too: people would start doing business. This I predict is what is going to happen.
Now all that is fine and dandy but the Bitcoin has one more feature that I presume could not be the case with an IMF-SDR digital-coin which is: Bitcoin is not a fiat currency - there is a finite volume of possible Bitcoin algorithms - so Bitcoin will tend to grow in value if and when its uptake becomes more prevalent - be pro-rata deflationary with growing usage.
The people who understand this make the bulk of the speculative investors today and they have at least 'keep the wheels on the wagon' to this point in time. Bitcoin's potential growth in value yet to come is roughly (optimistically) equated to the value of all the fiat money in the world today.
Will it happen. I think not. There may be a limited volume of Bitcoin's possible to produce but there is no limit to the introduction of other technically comparable digital-coins that could share the supposed same deflationary quality (limited volume). So the idea of a limited volume is not really correct.
I predict there is a place for Bitcoin as an early market leader, an established brand, but it will be joined by a plethora of digital-coins backed by known brands and entities, including maybe even digital versions of existing national currencies, a PayPalPunt, an AmazonAmericano, an AppleSeed and the soon to be popular RothschildRenminbi. The water could become very muddy.
The only survivor could be the 'block-chain' which manages the Bitcoin records amongst other tasks too. But since the block chain is the keys to recording every financial transaction conducted I am very doubtful of its continued independence. I think the UN will claim that crown as the corner-stone to its new global tax regime. Then we can start to understand what may lay behind this anonymous experiment as has been similarly suspected of apparent 'new start' IT providers throughout the history of the digital revolution.
See also: Forming the SDR Global Monitary & Political Union
Bitcoin has been victim of its optimistic supporters in so much as people have speculatively invested in Bitcoins whereas that is not its real purpose. It is first and foremost supposed to be a means of exchange - that is its strength. But as a means of exchange it has not started to be truly useful. I cannot see making my larger payments say from UKP to JPY is really helped by using Bitcoin as the mechanism of transfer. It needs me to hold funds as Bitcoin and sellers to want to do the same and that is a long way off. It is an unknown and subject to sharp value fluctuations.
Now if the IMF came up with a son-of-Bitcoin that was indelibly tethered to their SDR basket of currencies the day of the digital coin would happen immediately. And if every major bank offered access to the same service too: people would start doing business. This I predict is what is going to happen.
Now all that is fine and dandy but the Bitcoin has one more feature that I presume could not be the case with an IMF-SDR digital-coin which is: Bitcoin is not a fiat currency - there is a finite volume of possible Bitcoin algorithms - so Bitcoin will tend to grow in value if and when its uptake becomes more prevalent - be pro-rata deflationary with growing usage.
The people who understand this make the bulk of the speculative investors today and they have at least 'keep the wheels on the wagon' to this point in time. Bitcoin's potential growth in value yet to come is roughly (optimistically) equated to the value of all the fiat money in the world today.
Will it happen. I think not. There may be a limited volume of Bitcoin's possible to produce but there is no limit to the introduction of other technically comparable digital-coins that could share the supposed same deflationary quality (limited volume). So the idea of a limited volume is not really correct.
I predict there is a place for Bitcoin as an early market leader, an established brand, but it will be joined by a plethora of digital-coins backed by known brands and entities, including maybe even digital versions of existing national currencies, a PayPalPunt, an AmazonAmericano, an AppleSeed and the soon to be popular RothschildRenminbi. The water could become very muddy.
The only survivor could be the 'block-chain' which manages the Bitcoin records amongst other tasks too. But since the block chain is the keys to recording every financial transaction conducted I am very doubtful of its continued independence. I think the UN will claim that crown as the corner-stone to its new global tax regime. Then we can start to understand what may lay behind this anonymous experiment as has been similarly suspected of apparent 'new start' IT providers throughout the history of the digital revolution.
See also: Forming the SDR Global Monitary & Political Union
The mirror is the story that DSK raped a chamber maid; a mirror because his sexual habits are clearly his known, predisposed, weakness. (No doubt all those in such positions of power have dark secrets, known before their appointments, which then can be used to control and ruin them should they start to trample upon the labyrinth).
The smoke is, once the likelihood of a set-up looked probable, a diversion must be presented for why. Certainly Sarkozy would be happy to kiss DSK adieu and even help to put him down for reasons of his own political motivation. But it goes deeper than that. After all the French knows well that Sarkozy is more pro-Americal than the Statue of Liberty.
DSK did not ‘forget’ his phone. He left his phone because he was told intelligence services were planning to arrest him and were tracking him via this phone. He subsequently called the hotel from the aircraft to ask for the phone to be sent-on and was so then found and arrested.
DSK’s sins may be many but that for which he is paying the price is more likely to do with the threat to the hegemony of US dollar he posed than spoiling Sarkozy’s election prospects.
DSK was a strong advocate of launching an IMF issued Special Drawing Rights (SDR) based currency to replace the US Dollar as the primary global means of exchange. And DSK was highly critical of US economic policy and deeply questions of the resilience behind the Dollar; especially demanding an audit of the Federal Reserve and questioning if indeed any gold actually remains in Fort Knox.
The globalist’s agenda may well include the formation of a single world currency but that does not mean that those who are enjoying the control of the US Dollar are ready for that yet or were sufficiently in control of a new global SDR based currency to be prepared to yield to that just yet.
Conjecture? Yes. But then so is the alleged assault and so is the notion this was politicly motivate by French national political adversaries. So take the pieces and decide for yourself which way do they look to fit together best?