The Great Crypto Cleanup
The Bitcoin dropped from 65.000 to 28.000 US$,
The Terra from 60US$ to 0,0003US$.
And many other dropped too.
How could it be a surprise, as over 200 million investors started to dive into crypto-investment in the last 2 years — on 15.000+ different cryptos.
How many of those cryptos have a serious project backing it ?
How many of those investors know what they do, and understand what they invest in ?
And… why do they go into those markets ?
Greed + opportunism + losing trust into the other investment vehicles.
Most probably. Oups — wrong reasons.
Also, we tend to have a short memory: the “internet bubble” in 2000 ? Remember the collective hystery ? You want a remake, a 3.0 version ?
We are heading biblical collapses of many kinds, whether we like it or not. We have been warned thousands of times by thousands of experts, in all sciences and religions. This is not a BLACK SWAN (unexpected, different) — this is a GREY RHINO (loud, big, heavy, destructive, can see from far away).
It is now time for a new pragmatism, new visions, models, losing the naivity of a new golden age — back to “business as usual”. The latter being a destructive, extractive, neurotic, linear model. Well… who wants to go on destroying anyway ?
The golden age will come, but not without effort, and not where we think and through who we think. It will not be for everybody, unfortunately. And guess what… the next 1% is not the same as the old 1%. Guess what criteria the new 1% will have to respond to…
This is a true chance for every humble changemaker.
An incoherent system collapses under its own weight. No need to “fight against”. Just wait… the wheel is turning…
A new system is pushed up, in silence. Up to you to detect where, and work on it too.
Be careful and discerning. Our pathway is scattered with lures…
And for the road: why was the Terra/Luna attacked, directly ? Try to read between the lines… which agendas does it serve ? Who would win from a very weakened “stable coin” blockchain system ? Follow the power… Stop being naive. It is not the first time, and it is not the last time this happens. New currencies are, like all innovations, disrupting an old currency system with looots of people behind, and subsystems, living from it. And… they do not like what they see…
Michel A. de Kemmeter
#cryptocurrency #blockchain #collapse #transition #neweconomy