If Ethereum blockchain technology is truly decentralized, why have the powers that be (TPTB) begun to make moves towards Ethereum in place of bitcoin?
They have created the Enterprise Ethereum Alliance, a collection of investors that include J.P. Morgan, Intel, Microsoft, ING, UBS, and dozens of other banks, investment firms and tech companies to:
“… build upon the only smart contract supporting blockchain currently running in real-world production – Ethereum …”
Bitcoin, on the other hand is technically a ponzi scheme … and like all ponzi schemes is doomed to fail.
Then you have the infamous cyber attacks, in which Microsoft systems were hacked and competitor cryptocurrencies to Ethereum, such as Bitcoin and Monero were targeted.
There is also a trend, in which cryptocurrencies, such as Bitcoin and Ethereum drop in value, exchanges go offline so regular investors cannot trade, new currencies or fundraisers are held, absorbing millions in digital currency, and once wealth has transitioned, exchanges come back up.
Just like a seesaw, the elite drive down the price of cryptocurrencies, while sky rocketing either a new currency or project, leaving us out until the end of the day to then attempt to feed on the scraps to salvage our losses.
Billions of dollars are moving into digital currency almost daily.
We’ve had the total market capitalization of all cryptocurrencies rising three-fold this year – from around US$25 billion to now US$75 billion.
The elites are transitioning their wealth because they know the dollar will soon lose all value.
Russia has already begun to transition their national currency into an Ethereum-based cryptocurrency.
In a Bloomberg report, Putin recently met with Ethereum founder Vitalik Buterin, who is Russian. He has now openly endorsed the cryptocurrency Ethereum.
Russia’s central bank has deployed an Ethereum-based blockchain as a pilot project to process online payments and verify customer data with several lenders.
“The digital economy isn’t a separate industry, it’s essentially the foundation for creating brand new business models,” Putin said.
Despite what you have read about Putin attempting to release his country from the grips of the international banking system, that could not be further from the truth.
Russia’s central bank is a part of the international banking system.
Central banks control Ethereum. It was, after all, funded by Bilderberg’s most prominent member Peter Thiel, the creator of Paypal.
The dollar will soon collapse. It will become worth what it actually is...a piece of paper. (Fiat currency)
Once the necessary amount of wealth is transferred into digital currency that will allow the banking system to restructure the planet as they see fit, they will allow this to happen.
A new world, built from the ashes.
"Order built out of chaos." (Ordo Ab Chao) - New World Order catchphrase.
Ethereum technology will be the new global solution for currency, internet, ecommerce, business, data storage, social networks …
A digital currency for an Ethereum-based digital age … with Russia leading the charge as the new world empire.
This is what the fighting over Syria, the Ukraine demands from the U.S., the Russian sanctions, accusations of Trump's collusion w/Russia, etc. are all about....whomever controls the new global currency, controls the planet.
So the oligarchs are trying to take advantage of new technology at the expense of the masses? Same shit different day...
Regarding the manipulation via the exchanges, this problem goes away when cryptocurrency is THE currency and not so susceptible to market speculation.
But a blockchain based financial system will be less able to be manipulated than the system we have now, wouldn't you agree?
...once the system is back up and running.
It's just another form of currency manipulation and the small investor is left holding the bag.
That's the whole point of blockchain.