Strap on your seatbelts. The world of capitalism and finance could start to get a little bit funkier… if that’s even possible.
Question: Is central banking the problem or the solution to the recurring global financial crises encounter every five to ten years since the tulip craze?
Answer: Yes!
It’s the Bubblist here. Much has been covered in the MSM about crypto, bitcoin, blockchain, DeFi, NFTs, and the plethora of ideas, products, startups with mega-Unicorn valuations. But today was the first coverage (or perhaps first “uncoverage”) in the MSM of the profound potential impact of that which is upon us. Handled properly when rightfully understood the convergence of central banking with cryptocurrency could solve the dilemma of capitalism and open an entirely new paradigm for the betterment of mankind. Fog of War thinking, intellectual bankruptcy on both sides of the topic has the potential to send the global financial system into a tail spin. Not today, not tomorrow but sooner than you might think
“Proceed at your own advantage/peril. Finally, a mainstream media outlet, the Wall Street Journal no less, has covered or perhaps uncovered the super-anomaly that can change the face of capitalism.
Satoshi Nakomoto’s Blessing/Curse
“What is needed is an electronic payment system based on cryptographic proof instead of trust, allowing any two willing parties to transact directly with each other without the need for a trusted third party. Transactions that are computationally impractical to reverse would protect sellers from fraud…
The system is secure as long as honest nodes collectively control more CPU power than any cooperating group of attacker nodes.”
These passages from Nakomoto’s epic poem or some would say near -bliblical or certainly mythical proportions that might one day rank aside Homer’s Illiad and Odyssey.
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