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conspiracy realists

conspiracy - "a secret plan by a group to do something unlawful or harmful." reality - "possessing actuality, existence, or essence." theory - "an idea used to explain a course of actions." conspiracies are created daily and by their nature are obscured by denial, half truth, deception and subterfuge. here we explore the details of conspiracy theory, conspiracy reality and all that may exist in between!
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Cryptocurrency Market Crashes Can Be Created By Fiat Money System Controllers.. What Can We Do?

    ura soul
    by
    Cryptocurrency Market Crashes Can Be Created By Fiat Money System Controllers.. What Can We Do?

    As cryptocurrency markets see high volatility - with ups and downs over recent days of 10-20% being common across many tokens - is it time to notice that fiat money creators can disrupt crypto easily?

    Confidence in the stability of token prices is a key concern for many people thinking about trying them out in their daily lives. It's no use trying to pay for groceries with a token that has lost most of it's value in the few days since you bought it! Prior to the huge rise in price of Bitcoin and it's following crash at the end of 2017, I had imagined that maybe the prices would just continue to grow as adoption of cryptocurrency expanded. I was aware, of course, that prices could crash and return at any point and I was also aware that the people attached to 'old money' and specifically the controllers of the fiat currencies would be likely to take steps to slow down crypto's adoption. Now that we have a few years of data to look at, I feel it's worth coming back to this topic.

    One of the common motivating factors for people moving to use cryptocurrencies is the corruption at the core of the money creation process involved in fiat currencies. As I have pointed out many times, the money in use in banks and that is considered 'normal' is actually 100% fraudulent and basically only worth whatever we believe it to be worth. It is not backed by anything. At least Bitcoin and other tokens have a built in 'rarity' factor, meaning that while they aren't backed by 'gold' or something equivalent - their rarity and quantity is pre-determined. While this is a good selling point for cryptocurrencies, it's not such a good thing for the career criminals who have been running the world's banking systems and their lackies in 'government'. However, when you have unlimited money it's not difficult to make waves.

    When people have had enough of the corrupt captaining and are jumping ship, a noble Captain might just hang up his hat and make the best of it. However, a tyrannical and psychopathic Captain might actually try to prevent the 'mutineers' from getting to an alternative vessel. Making waves is exactly what he/she might do! Just like the 'mutineers' escaping a tyrannical Captain, the cryptocurrency adopters face the potentially huge waves being made by the actions of the controllers of the fiat money system.

    Not only is it possible for whoever has the most fiat money to pump/dump crypto markets to disrupt them to the point of making them unusable - they can even make a lot of money in the process. In short, the massive corruption of the fiat money system means that anyone in crypto can be shaken down routinely by these same manipulation experts. In fact, the current size of cryptocurrency markets means this manipulation doesn't even have to be done by banks, it could be done by a group of private billionaires if they wanted to.

    I wrote a post over 5 years ago on Ureka that pointed to these kinds of flaws in cryptocurrencies, however, we didn't have enough experience at that time for me to accurately predict how things might play out. Whether or not we can prove that such manipulation is taking place, the fact is that it absolutely could do at any moment. So what is the solution?

    I have thought about this a great deal and the inherent corruption of the 'wealth gap' on Earth means that I can't see any real solutions other than:

    • Stop using money totally and radically re-assess our perspective on who we are, such at we relate through the heart and lose interest in competition and money.
    • Have some kind of 'reset', where a new money system is adopted, perhaps with hard caps on how much any individual can own.

    I really can't see anything else that can make a deep enough change to the situation. Regulating cryptocurrency markets just leaves the door open to more of the same corruption that has plagued the banking and fiat currency worlds.

    What do you think?

    Wishing you well,

    Ura Soul

    https://www.ureka.org/thoughts/view/7266/why-digital-crypto-currencies-eg-bitcoin-keeps-us-in-the-same-self-created-traps-as-private-paper-currencies