The other day, I was discussing crypto-currencies with an acquaintance at our local Starbucks, and he informed me that he was working with a number of entrepreneurs who were previously academic experts in IT security. Of course, for crypto-currencies it is the safe transfer of all information, and the belief in the internal value of those and zero, or Q-bit. Perhaps, I can take a look at their business plans, although there were some obstacles in the way of the future of these digital currencies I am sure will be the trend of the future – this is how the world is leading.
Does this mean we will have distributable currency like distribution power in smart grid or will we have distributable information like internet? Well, people usually do what they do and there is both good and evil with centralization and distributable redundancy strategies.
Now, what is the last question you ask? Well, there are two meetings that I don’t read more than an hour after that meeting, because I was wandering through the information, first I’ll save for writing about this later; Extremely useful – Bitcoin itself may fail as a currency, but the underlying technology has begun to suggest valuable new applications, “wrote Paul Ford (February 18, 2014) and note that this article was written through one of the days just before Bitcoin was stolen. Top Exchange
Another article was written by Natty Byrnes on February 25, 2014, the day after these searches hit the newswires. “A major Bitcoin exchange has been shut down, raising questions about cybercurrency.” Are you surprised? No, me too.
The second article went; “Tokyo-based Mountain Gox, once one of Bitcoin Cybercurrency’s largest exchanges, shut down operations on Tuesday, spreading rumors that millions of companies had been stolen from firms and raising concerns about the long-term prospects for unregulated digital currencies. Goes and claims that they were still open for business. The value of the currency itself fell to more than 500 500 in the afternoon. In November, it reached an all-time high of 1, 1,100. “
What do you say about that? Ouch. Does this prove that the Naysayers were right to call it a register scheme? Do they get the last laugh, or is it just an expected evolutionary process to be disrupted once all the kinks are gone? Well, consider this thinking test of mine.
Suppose there was a Hanky-Panky involved, let’s say someone hacked the system or stole digital currency. At the moment, digital currency flies under the radar because it is not even recognized in banks with all the new two-to-two failing regulations, how can digital currency have value? Hard to say, how a piece of fictitious printed paper can be marked as ড 20 can be valuable, but if we all agree on it and trust the currency, then what it presents is worth it. What is the difference, is it just a matter of trust?
Okay, so let’s say the regulators, the FBI, or any other branch of government intervenes and charges the files – if they filed a criminal complaint that someone else cheated, how much fraud was involved? If government enforcement and the judiciary keep a dollar amount number for it, they unknowingly agree that the digital currency is real, and has a value, so, it acknowledges it. If they are not involved, any fraud that has occurred or not has left the whole idea behind and the media will continue to believe in all digital or crypto-currencies.
Thus, it is a catch-22 to the government, regulators and enforcers and they can no longer see or deny this trend. It’s time for rules. Okay, I personally hate control, but it usually doesn’t start it. Once it is regulated, the idea is given credibility, but the idea of its digital currency could undermine the whole One World Currency strategy or even the US dollar (petro-dollar) instance, and there could be hell to pay for it. Can the global economy disrupt that level? Stay, I think we’ll see.
In the meantime, what happens next will either change or break this new shift in how we view financial values, assets, online transactions, and how the real world will focus on the blurred reality of our future. I don’t see a lot of people here just thinking, but everyone should, a misstep and we can all live in a world of trauma – all humanity. Consider all this and think about it.