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Any system you don't control, controls you - Blockchains as the new world control towers by badbitch

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· @badbitch ·
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Any system you don't control, controls you - Blockchains as the new world control towers
https://images.cointelegraph.com/cdn-cgi/image/format=auto,onerror=redirect,quality=90,width=1434/https://s3.cointelegraph.com/storage/uploads/view/897be89fd6dec7994c8f2e6606297f25.jpg

The governments are finally right about something and it's been years since they've been right, crypto is indeed a threat to the "Fiat Standard" that has helped several governmental bodies hold control of nation economies and effectively human lives.

It is only fair play by nature to periodically make adjustments to control towers that rule the world, else everything goes to shit sooner than it should. 

Call me a conspiracy theorist or whatever but the masterplan has nature pulling the strings and those who dare to dream drink from the passing on of rulership, almost sounds biblical? 

That's because it is!

The life line of fiat is growing shorter and that's a global scare because that means a transition in world power is taking place and crypto is the authority train.

Or at least the railway? 

Or maybe I'm terribly wrong and this current establishment actually has enough resources and freaking "hell-deep" might to fuck up her own people. 

I mean, usually nations go to war against nations, but the government fighting its own citizens? That's like killing oneself and it doesn't quite work across the broader spectrum, simultaneously. If one is dumb enough to strike its own people so furiously, a foreign would most likely leverage on the control it would get from taking refugees during the process. 

So who's going to be dumb enough to strike first? Surely a war is likely but who's going to be fighting who and how? 

Does it even matter though? 

Because from where I'm standing, what will matter is who doesn't go to war and is smart enough to build a shelter in the midst of such rain. 

### Blockchains as the new world control towers?

Trust me, even I can tell it sounds too good to be true, the cringe feeling just loves crawling under my skirt each time I think of a better world with a functional economy based on crypto, and I'm not freaking Irish. 

But let's dream a bit and conceptualize the potentials of crypto and blockchain technology in a new world.

Blockchains are dangerous, not for you obviously, for power thirsty individuals with ever burning desires to "overly" control, thus effectively extracting value from one ecosystem and the other. 

The reason institutions have stayed away from crypto for a long while is because it is a freaking hot iron waiting to burn those overreaching. 

Of a surety, institutions have always been in crypto - just simply not in the open. Venture capitals are basically the banking institutions, or do these people get their money thrown through the sky from the Angel of fortune? 

Surely such capitals pooled by these organizations can only be found in one place - the banking system. 

Off the books leveraged investment? (smells like Silicon in here) 

Well, probably something like that.

https://images.cointelegraph.com/cdn-cgi/image/format=auto,onerror=redirect,quality=90,width=480/https://s3.cointelegraph.com/storage/uploads/view/7af027ac6426989588113e2fcbf731ed.jpg 

That said, the sudden push for institutional involvement in crypto - openly - has two possible scenarios to thank(or blame?) for:

One would mean that institutions have acquired major influence in the Bitcoin mining network - which would be disastrous but at the same time a very expensive venture for an intending bad actor. 

And two is simply the fractional reserve banking push that would create massive "lowly backed" funds circulating the crypto markets. The tokenization of traditional assets with large traditional finance use cases has its own darkside so I'd stay away from it. 

So this begs the question: what's the big idea? 

At the end of the day, the blockchain in use controls the economy of every new development, so that's surely a greenlight to more so called "Enterprise Blockchains", will be fascinating to watch how they fair within a market seeking decentralization and wide network incentives, unless of course we are all just shitting ourselves and would quickly sign the nearest contract to fuck up everyone else on the network and take this shit back to a central point of failure. 

### Any system you don't control, controls you

This makes me think about the ideas businesses will come up with moving into crypto, not sure some of us are ready for the lies mixed with true innovations that are to come. 

The big idea is that most businesses will want to control their own economies so some might opt to having their own network or ecosystem token(currency) while others could simply start from the very basics: building a blockchain from ground up. 

But all of this will just be centralized anyways, so there comes their efficiency for being centrally managed but not many can wield this power effectively so lots of crash and burns are expected. 

To save oneself the hassle of building a blockchain from ground up, businesses are likely going to simply leverage the ease in token creation and programmability to usher in new business standards. 

The goal of blockchain developers would be to build a diverse network of chains that can seamlessly communicate and facilitate cross-chain transactions whilst maintaining security and profitability in order to avoid having a wave of innovation planted on a few chains, effectively creating a centralized crypto economy and a "wife threatening" structure. 

Lmao, feels so good to use that phrase. 

Until then, I believe we are about to experience some crazy power chase because it's getting scaring for the people in charge now having to picture a world where they end up being the people ruled. 


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@daniasi ·
That's why i guess the authorities are finding it difficult to embrace crypto. They cant find that needed control and hoardship if I should put it this way as compared to fiat currencies
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