OpEd: The Crypto Centralization Wars Begin – Beware Decentralized Systems!

Mainstream crypto adoption is here!

We’re ringing the bell a little late – but make no mistake – cryptos are a mainstream asset today.

Banks might be evil but they aren’t stupid. Same goes for the biggest governments on earth.

Anyone remember when we thought cryptos would be money?

Well they are today. Unfortunately, it isn’t the everyday person using them. It’s the biggest players on earth. And that trend is growing.

Decentralized money for the masses died. Greed and apathy killed it. But decentralized thinking is alive and well. Here comes the next age of empires!

Money Center Validators

There is a good chance that decentralized currency won’t be very decentralized for long.

A new policy stance in the US will allow banks to become blockchain validators. It’s not a bill in congress, so in theory banks could start running nodes tomorrow.

Money center banks in the US are connected directly with the Federal Reserve system – so the permutations these arrangements could take are endless.

Most people are in the crypto markets to make fiat currency returns – so the risk to decentralized transactions seems minimal at the moment. However, with money center banks as validators, other issues arise.

All of this is speculative for the moment. But it would be an amazing way to slurp up data!

OpEd: The Dark Side of Data: How Blockchain Could Enable Digital Tyranny

No bank has announced it will jump into the blockchain node game. But make no mistake – with a profit incentive – it is only a matter of time until US banks start sniffing around the blockchain node ecosystem.

You don’t have the kind of money you need to compete with them. No one does.

Paradigm Shift

We are getting decentralized systems – but not the kind that Bitcoin was supposed to create.

Unfortunately – crypto payments caught on at the highest levels – but not the lowest. Nations like Russia and China are dodging US sanctions with USDT and Bitcoin – but few actually use it as a currency.

In the US – banks have the green light to run decentralized blockchain nodes. We think they will also be interested in market making, given how quickly investors are adopting cryptos as an asset.

We know for a fact that Western money center banks use their power to rig markets. From gold to government bonds, the big banks work as handmaidens for central banks – and make sure the cartel maintains power.

But fear not!

Decentralized assets are alive and well. The idea of decentralized systems also thrives today – and it’s terrifying!

Trump’s Crypto Empire

US President McTrumper loves a deal. He also seems like love crypto. Last year’s Q4 pump was loads of fun – but something darker is metastasizing at the highest levels of crypto.

According to a post from Binance,

“…discussions are ongoing about the Trump family possibly acquiring Binance US or becoming shareholders, it was also mentioned in the Wall Street Journal that former CEO CZ had requested a pardon from Donald Trump.”

We never want to be accused of taking things out of context – so the headline of the post mentioned is – “Trump will not buy BinanceUS” – which is according to CZ. You know, the guy who wants a pardon, according to the WSJ.

Trump is clearly taking the long view on cryptos – and hell – maybe Binance US and World Liberty Financial (WLF) are going to team up in the form of a new bank that validates “decentralized” transactions.

Total speculation of course!

Unfortunately for CZ negotiating position, Trump is already going gangbusters in the crypto world via WLF. People seem to love the centralized-decentralized model, as most of his supporters are seduced by Trump’s wild rhetoric, or willingness to make deals on their behalf.

We suspect it is the have-nots who are flocking to WLF. Poor suckers. Trump knows a good thing when he sees one. Crypto is the next big bubble.

State Actors Using Crypto – As Money

Let’s be 100% clear – cryptos can be used as money!

While the hoi polloi are still ignoring cryptos – especially as money – nations across the planet are using it. Some, like El Salvador, see it as a new industry and way to insulate itself from Western fiat madness.

Other nations like China and Russia are actually using it for cross-border transactions!

It’s great to see cryptos used as money – but sad that it’s happening as a way to skirt sanctions. Cryptos should liberate people from centralization – not empower one of the most totalitarian nations on the planet (China).

North Korea also loves stealing cryptos – which fits – they also produce huge amounts of meth – just ask the great leader’s skinny @$$ sister…

The New Decentralization

Here’s the deal – decentralized money is dead. Unless you are clearing billions of USDT in oil trades outside of the Western financial system.

But take heart – decentralization is alive and well!

Prez McTrumper just sent a whole bunch of alleged Venezuelan gang members to El Salvador to be incarcerated. While we have zero respect for allegedly violent gang members – we are still not sure how we know this lot was guilty.

Regardless of the due process issue – the Tren de Aragua export shows how decentralization is taking hold in the post-CODIV19 world. According to the USA, incarceration in El Salvador will cost a small fraction of what it would in the USA.

Also, human rights in El Salvador aren’t quite up to the same standards as the USA.

The whoooooole situation is a demonstration of how globalized, and decentralized, our world is today. Gang members from Venezuela go to the USA – get busted – then sent down to Central America to work in a “mega prison” without trial.

Decentralization at its finest!

El Salvador is also home to a project that will tap volcanic heat to mine Bitcoin – so if the Tren de Aragua crew isn’t up to working in the Slaveadorean mega prison – into the volcano they go.

Take that IMF! Kali ma!

Mad, Mad Monkeys

Wish we didn’t have to say it – but these are all trends that have decades or more to run.

It the situation seems bat $#!t crazy to you – let us help you out…

The next human era is decentralized – but not in the way Bitcoin’s creators hoped.

Most people don’t have much. It sucks – but it is what it is.

Billionaires occupy the opposite position. Few in number, these people control 50%+ of global wealth. And they are tired of the constraints nations create for them.

Yep – that is the new model.

Still in its infancy, offshore network-states (decentralization) are the future of power and wealth. Why pay taxes to a government when you can pay the security forces yourself. Get some stars on that hat!

The top 10% of the global population actually controls over 80% of global wealth – but they just can’t seem to organize like the top 1% does.

What the above videos should tell you is that de-facto control over the world’s largest economy and military isn’t enough for this lot. They want MOAR!