On Tulip Manias and Fragility in our Nascent Democracy.for ethereum to have utility as a means of exchange what is needed is stability, money has several functions Store of Value means of exchange and unit of account being the most well known. The idea of Bitcoin and ethereum being in competition is unhealthy for both. Both currencies are complementary and their chief predator and enemy is FIAT money or Central Banks and issuers of FIAT money credit. Ether and Bitcoin are vanishingly insignificant in the context of the Trillion dollars Global FIAT derivatives market. Money is by definition debt in the current system and both Ether and Bitcoin are pegged to FIAT currencies and hence debt. The size of the FIAT debt market dwarves Bitcoin and Ether and they are both highly vulnerable to market manipulation, as such they are merely tolerated. As long as they are seen speculatively there is a potential problem but, if Cryptocurrency generally is seen as a complementary alternative system that is symbiotically connected and mutually supporting outside of a FIAT money framework then real value and enduring value will be created and become
un-manipulated by the structured/rigged and Coercive FIAT debt ´´Markets“`
Here are two blogs I did on Ether and Bitcoin over a year ago. Both Ether and Bitcoin are and have been in Bubble territory, diversification and balanced portfolios rule in what is a highly volatile and As I say very very small and therefore highly manipulated market place. Remember, Money and Value is make believe so have lots and lots of dreams, not just one.
MUSO MUSINGS : Fatherhood, Theory & Stuff · Post Extraordinary Claims Require Extraordinary Proof – Dr. Craig Wright Blog #Satoshi Who gives a Fuck. Who´s the Daddy? Posting as Roger Lewis Update Revert to draft Preview Close ComposeHTML Link
September 27, 2017
Threshold (Signature) of Greatness – Dr. Craig Wright – Hong Kong 2017