Category: Cryptos

Is this new currency real?

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Cryptos Money

Is Bitcoin just another Fad?

Is Bitcoin a Trend or a Fad?

Is Bitcoin just another Fad?

In this conspiracy theory we will take a look at weather bitcoin is just another Fad.

Throughout modern history there have been many different fads.

The history of fads is an astonishing view into the human condition.

Fads in the last ten years.

From the Cabbage Doll to Pokemon Go, the history of fads runs deep.

Cabbage Patch Dolls

A man by the name of Xavier Roberts created the doll. In 1982 he signed a deal with Coleco to produce them. Then in 1989 Hasbro bought the rights to the doll. Later in 1989 Mattel’s had the rights and they sold the dolls through Toys R Us the giant retail toy chain.

The dolls had wool or yarn for hair. They had a chubby face, cloth bodies with a vinyl face and were around 16 inches in height.

The original dolls sold for $30 dollars, but during the craze they were selling into the multiple hundreds of dollars. It seemed that everyone needed to have at least one of these dolls.

Fads Come and Go’

I myself can remember this fad since we had small children at the time and my wife picked up one for our daughter.

My wife says she still has it put away somewhere.

Yo-Yo’s were another fad that I can remember around that same time period. Every child wanted the best yo-yo available to impress their friends.

You know that circular wooden device with a string that coiled up In the center as you repeatedly flung it out and brought it back in. You don’t see many children playing with these today.

Lego’s

These are rectangular blocks that you can use to make all kinds of different things with. From houses to cranes for lifting toys with. If you have an original set of these they are worth into the hundreds of dollars.

These are just a few of fads that are no longer really that relevant. These fads revolved around toys.

Is Bitcoin Money or a Fad?

Now I would like to compare the Bitcoin to another Fad back in our history.

That was the Tulip Mania.

In case you are not aware of this one, it took place in the country of Holland. What transpired there is an example of a fad that got out of control.

Tulips

The Tulip Mania

This took place in the country of Holland. Tulips are a relatively rare flower. The tulip bulbs are one of the most popular of the garden flowers. And thus are coveted by botanical gardeners. It is especially appreciated because of the beautiful colors that they come in.

The Craze happened between the years 1633-1637, these tulip bulbs became the thing to have and even to give as gifts during special occasions. Do to their popularity they began to become scarce.

As a result the prices on them began to rise dramatically. Soon people in the middle class took notice.

Now with the rising prices the ordinary people in the middle-class and even the poor wanted to speculate on this Tulip Market.

Some varieties of the bulbs sold for hundreds of dollars each. It doesn’t take much to imagine the temptation for these people at that time.

The Get Rich Quick Mentality

It seems that man has always been plagued with this weakness. The lure of gaining wealth without the struggle. This is the business model of the Gambling Industry out there.

Who among us doesn’t want to make a killing on a small investment? Well the people back then were know different.

The Bitcoin Mania

Do we not see the same forces at work currently with Bitcoin? As the price of bitcoin rises, more and more people will want to get involved. Many of these people will no doubt take chances, and even use borrowed money to get some bitcoin.

This is how these manias are created. There’s a term used often these days with people involved with the digital currencies and it’s called FOMO or Fear of Missing Out’.

FOMO

FOMO works on the same principles as when those people in Holland were attempting to make a fortune during the Tulip Mania. As people hear of the stories of those who have profited for the Fad. These individuals become more motivated to get aboard as they fear that they will miss the train, so to speak.

The problem with this is that most of these late comers to the party will not have done any home-work or even understand what they are getting involved with.

They won’t know anything about the block-chain, and how it works. Or the Distributive ledger, and what that’s all about. Most likely like with the Tulip Mania, they will just put their hard earned money on this digital coin.

It may or may not pay out for them no one can say for sure. But in these days of so many scams I think the prudent thing to do is to research first, to know what you’re putting your money on.

Admin

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Cryptos Money

IS A National Crypto Currency coming to a Smartphone near You?

Digital Money

Is A National Crypto Currency coming to a Smartphone near You?

Seems they are working on this even as you read this article.

Let’s take a look at this National Crypto Currency conspiracy now’

The Federal Reserve is preparing to issue electronic currency right to your phone.

So the Main Stream Media haven’t told you about this?

Negative Interest Rates

You’ve no doubt by now heard about negative interest rates’

Central Banks have wanted to implement negative interest rates for some time now.

Watch government-Backed Digital Currency Why You Should Be Terrified!

The way they will do this is by providing an App that you will download to your phone. No doubt they

George Gammon says we should be terrified!

But how they will get Adoption?

What the Fed will do is offer Fed coins to everyone who will use the app.

We are definitely living in strange times.

Block chain. Now we will see how the government and the banks are intertwined with this new currency.

This is how governments will track every single transaction made. The Fed coin will have a code that tracks the coin.

Programmable Digital Currency

With a programmable digital currency they the government or the banks can limit what you spend this currency on.

They can authorize uses for these coins for specific reasons. So you want to borrow to buy something and go to a bank to get a loan. If you qualify then all they need to do is to load the fed coins onto your account.

The coins are software based on block chain technology.

The Fed Coins

Who will control your money?

As the government can turn off your account any time they feel you are not doing what they tell you. They can do this because they will control the currency in your phone.

Austrian Economics

A teaching in Austrian Economics states that whenever new money is created, the first people to get that money actually get the most benefit from the new money.

That new money eventually trickles out into the economy where the average person gets it after it’s lost some of it’s purchasing power.

So average people don’t benefit from this new money.

The Means and Power of Exchange

Does the government have the constitutional power to do all of this?

Lynette Zang

Categories
Cryptos Money

DeFi what is it?

DeFi is Envisioned as Decentralized Finance

DeFi or Decentralized Finance is an area in the Crypto World attracting huge attention these days.

This is an attempt to create another financial system that would take advantage of blockchain technology. They say that even though bitcoin was the first blockchain technology created by Satoshi Nakamoto it is to slow, and couldn’t handle what DeFi can do for finance. 

They say that the advantage of this type of decentralized smart contract is that since it doesn’t reside on a particular companies servers, it essentially cannot be hacked. And we all know how many times financial institutions have been hacked in the past.

So DeFi is being touted as the new way to protect enforceable agreements, a fancy word for contracts.

This DeFi concept is still in its infancy, so I wouldn’t expect to be using it any time too soon.

Blockchain as Digital money

You may only be thinking of tokens like bitcoin as digital money, but it’s a lot more than that.

What was developed to protect these digital coins, namely the blockchain technology is actually a distributive ledger that keeps track of an asset.

The key that makes bitcoin attractive, is the fact that it’s independent of the normal monetary systems. This way it remains secure, because a copy of each transaction is copied to every computer on the bitcoin network.

What this does is it ensures that no two transaction can differ. This works because if there’s a discrepancy between any of the copies on its block chain, the transaction will not go through.

Defi

This area of finance has been in need of improvement for some time now, and this is what DeFi is intended to accomplish. Using the same technology that Crypto currencies use DeFi or decentralised finance can benefit from this system as well.

Many in the financial services business are looking into using these smart contracts, which are automated enforceable agreements that don’t require intermediaries like a bank or lawyer. These smart contracts use online blockchain technology instead.

Essentially what DeFi does is to use blockchain technology to not only create agreements but to also ensure their security. There should be a reduction in the cost of doing business as this technology rolls out.

By now I am sure you are familiar with the concept of a blockchain or the distributive network.

Not just a Blockchain

When anyone thinks about blockchain, they immediately think of bitcoin. That’s because bitcoin runs on a blockchain and is most widely known for it. And because it’s currently also the premier digital asset.

It’s believed that a system using this blockchain technology, could in fact be a more secure way to conduct financial transactions.

Ethereum

Now the Ethereum token was one of the first to create and use these smart contracts.

One of the benefits of this blockchain technology is that it has many different uses. And DeFi or decentralized finance is just one of them. This seems to be the direction that contracts in the future will take.

And by the way, this article is not all-encompassing by no means, since there is so much more to this stuff. So I suggest the reader continue to research this concept before getting involved with it.

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Cryptos

CRYPTO’S

Crypto Conspiracies

It wasn’t that long ago that no-one even knew to ask the question as to what Crypto’s were. And now so many are interested in knowing more about them.

Bitcoin was one of the first ones created. The bitcoin protocol as it is referred to, is thought to have been created by Satoshi Nakamoto a computer genius. All though that has not been totally proven to this day.

Many Crypto conspiracies are born every day, from, that they were invented to enslave mankind, to they will be the saviors of our old dilapidated money system.
The conspiracies run deep and wide. Let’s take a look at what they are before we get to deep in the conspiracies.

Distributive Leger’s

Crypto’s are the short name given to Distributive Leger’s. Sometimes called a block chain. It’s called a block chain because each transaction is carried in a block of computer information. It’s a distributive Leger, because computers around the world carry a copy of the Leger.

Each transaction must be updated each carry a copy of the transaction almost instantaneously.
This creates a Leger of all of the transactions, and all of the computers in that network must agree or contain the exact information in order for that transaction to be valid.

One of the first Crypto’s you’ve probably heard of is of course Bitcoin, I can remember so many people thinking that it was actually a real physical coin. But that’s not the case it’s just digits on computers.

BITCOIN IS MINED

The Miners what are they, and what do they do?
These minors aren’t people per say, they are special computers that have to solve complex math problems to create a new bit coin.

The minors get rewarded by getting to keep a certain amount of them for themselves to cover their expenses. 

The thing about bitcoin is that the protocol only allows for 16 million coins to ever be created. What will happen when all of them have been created then the numbers will become smaller, let’s say you may only get 1/100th of a bit coin or 1/1000th of a coin, you get the idea.

The New Money

Those in the Crypto’s World say that the problem with our current money is they can create to much of it, and thus have reduced its actual purchasing power. And they say that with every problem we tend to want to print our way out of it . And by doing this over creation of the currency, our money looses purchasing power.

The creators of Cryptos are very aware of this problem as this is what they want to prevent. For these reasons all Crypto’s tend to have a total limit on how many can be created. In this way they say that the value of their Crypto’s can actually rise in value.

There now are hundreds of Crypto’s created now and more on the way. They are finding uses for the distributive Leger’s every day. Crypto currency seems to be the way money is going in our near future.

Smart Contracts

The Ethereum coin was created to be used for Smart Contracts. What the purpose of this coin is to make sure that any contract that you create can’t be undone by anyone else.

How this works is that all crypto coins have what are called keys. There’s a private key, and a public key. And you must be in possession of both keys in order to create a transaction. 

This makes your documents very secure. When these get going they will help stop fraud.

New Coin

There’s is currently a new coin on the block chain and its called Theta. Theta it is said to be better than Ethereum, and that this coin will be used for things like movie streaming, and can be used in many of the same areas as Ethereum is used for. 

Those in the crypto community love to get involved with these new coins when they initially come out, while they are still cheap in price. Many of those that got involved with bitcoin when it first came out are millionaires today. 

To be continued…