Random Informational Rants, 1 of many to come,Why I love Bitcoin.
Part 1: The Ugly Truth Behind The Bitcoin Revolution...
we’re going to spend some time, taking a
deep dive into the world of Bitcoin and Crypto-assets.
deep dive into the world of Bitcoin and Crypto-assets.
If you haven’t been paying attention to this space over the past few years,
or if you’ve just been ignoring because you don’t understand it,
we’re going to change that…
or if you’ve just been ignoring because you don’t understand it,
we’re going to change that…
With that being said, today’s post is NOT a rah-rah party for Bitcoin and crypto.
Instead, we’re going to zoom out, and take a look at the bigger picture of the technology behind it,
and how it could solve some of the world’s biggest problems…
and how it could solve some of the world’s biggest problems…
If Bitcoin is the tree, I’m going to show you the forest.
There’s a very good chance today’s post will change the way you look at the world forever.
Now before we dive in, let me give you a little bit of context about my involvement in this space…
I’ve been involved in crypto-land since 2010.
That’s when I bought my first bundle of Bitcoin on Mt.Gox for about $50.
yes I cashed out, made a small fortune
yes I cashed out, made a small fortune
I bought Ethereum when it was $10, (now $600), and today I’m invested
in several new start-ups/apps in this industry as an angel, alongside some of the
world’s biggest VC firms like Andreessen Horowitz, and Sequoia.
in several new start-ups/apps in this industry as an angel, alongside some of the
world’s biggest VC firms like Andreessen Horowitz, and Sequoia.
I certainly do not claim to be a “guru” when it comes to this industry,
but I know enough to see the opportunity that’s taking place, and how to capitalize on it.
but I know enough to see the opportunity that’s taking place, and how to capitalize on it.
My goal is to provide you with the knowledge you need to do the same.
So let’s start at the top…
What is Bitcoin, what are crypto-assets, and what is “blockchain”?
While Bitcoin is the house-hold name that’s symbolic of this new industry,
the real revolution was the creation of blockchain technology.
the real revolution was the creation of blockchain technology.
Think of a blockchain as an online ledger of transactions…
Kinda like a highly sophisticated version of your checkbook ledger.
The transactions on this ledger could be financial in nature…
Meaning that they show Sarah sent Tom $100.00, or they could track the transfer of
just about anything… Real Estate, inventory, information, stock certificates, etc…
just about anything… Real Estate, inventory, information, stock certificates, etc…
This ledger is decentralized, which means there are thousands of copies of it
on computers around the world that are continually updated.
on computers around the world that are continually updated.
You can even host one of these “nodes” yourself if you’d like.
This decentralized feature means that there is no central point of control over the ledger.
Banker Bobby doesn’t control it, the government doesn’t control it,
and because there are thousands of copies around the world,
it’s impossible to hack and change the ledger, which means it
can be trusted as accurate and true.
it’s impossible to hack and change the ledger, which means it
can be trusted as accurate and true.
Bitcoin was created as a virtual currency, and it’s the first working application
that uses blockchain technology.
that uses blockchain technology.
It allows anyone in the world can send Bitcoin to one another,
without the involvement of any third party…
without the involvement of any third party…
You don’t need a bank, or Western Union, or PayPal, or… Anyone.
So what’s the big deal?
Why is blockchain technology so “revolutionary”?
Well it makes me think about the famous quote from Dr. Alan Grant
when he’s on on Jurassic Park, and witnesses the birth of a
new baby Raptor…
when he’s on on Jurassic Park, and witnesses the birth of a
new baby Raptor…
“Life finds a way.”
John Hammond wanted to control life when he created Jurassic Park.
Dr. Grant new that life would always find a way to break free of that control.
When you zoom out and really pay attention to what’s happen around the world right now,
it’s all about control.
it’s all about control.
Centralized, privately owned technology systems are being used to take
control of every aspect of our lives…
control of every aspect of our lives…
Not sure what I mean?
Allow me to show you the forest…
Let’s start with movement.
The simple truth of the matter, is that your ability to freely move about the
world is now gone.
world is now gone.
You and I cannot go where we want, we can only go where we’re allowed to go.
Our movements are tracked and we must have permission from an authority to
enter and leave other countries.
enter and leave other countries.
If you live in the US, you are basically trapped in a cage that’s 1,582 miles tall, by 2,680 miles wide,
and the ability to temporarily leave that cage is controlled by the government.
and the ability to temporarily leave that cage is controlled by the government.
Then, there's freedom of speech…
Something most of us have taken for granted all of our lives is quickly disappearing as well,
and falling under the control of centralized, privately owned communication platforms
like Facebook, Twitter, and YouTube.
and falling under the control of centralized, privately owned communication platforms
like Facebook, Twitter, and YouTube.
Think you can still speak your mind?
Trying posting a “conservative” message on any of these platforms
and see what happens.
and see what happens.
Your content will be flagged, your reach will be drastically reduced, or you will be banned.
And that’s just here in the US.
If you live in the UK, you will literally be arrested at your home for sharing
an opinion that the government does not like.
an opinion that the government does not like.
We’re also losing the ability to think for ourselves.
Every major communication channel is now centrally owned and controlled,
which means you only think what they want you to think.
which means you only think what they want you to think.
These are no longer tools for open communication that benefits the public,
they are tools for manipulation of the public.
they are tools for manipulation of the public.
Doubt me? Watch this… https://youtu.be/HlnFuDCHpus
But it doesn’t stop there…
One of the signs of a free society, is the ability to transact...
To freely buy, sell, or trade goods with whomever you want.
Well that freedom is quickly disappearing as well.
Today, every aspect of the transaction processed is controlled and gated.
The currency is controlled by the government.
Your access to credit and your credit worthiness is controlled by three privately owned bureaus,
and your ability to send money to whoever you want, wherever you want
is monitored by the authorities, and controlled by banks.
and your ability to send money to whoever you want, wherever you want
is monitored by the authorities, and controlled by banks.
You cannot send a wire without a bank.
How much you send, and to whom is monitored.
Private companies like PayPal or Western Union can decline to serve you whenever they please.
And crossing the border with more than a $1,000 in cash will land you in a private interrogation room.
Should you end up on a “blacklist” through a lawsuit or criminal judgement, your bank accounts,
and every penny in them can be seized.
and every penny in them can be seized.
Now as bad as that is, it gets worse…
In addition to the loss of freedom when it comes to your movement, transactions, speech,
and thought, you’re also about to completely lose control of your identity.
In the past year, Adobe and other tech companies have created software applications
that will enable anyone, to make you say or do anything.
that will enable anyone, to make you say or do anything.
Adobe’s tech literally allows you to write a script, and then produce an audio file in your voice,
with your unique inflections and all, that’s indistinguishable from reality.
with your unique inflections and all, that’s indistinguishable from reality.
You can watch it in action here. https://youtu.be/I3l4XLZ59iw
But it gets worse...
MUCH WORSE.
That audio file can now be applied to your face in a video, and viola…
Your life and your identity are no longer yours.
Here’s an example of this tech in use…
(Watch the video) https://youtu.be/cQ54GDm1eL0
The video clip of Obama on the left?
It’s not him.
It’s not him.
I know… It looks completely real. But it’s not him.
Imagine when a disgruntled employee gets access to this tech, and creates a simulated version of their boss doing something highly inappropriate or illegal…
Anyone own Apple or Tesla stock?
Imagine what will happen when this tool is used for political purposes...
What if someone uses this tech to portray President Trump stepping up to the White House podium, and declaring war against Russia?
They can do that right now, and you can see it in action here...
Now what if they use it to make YOU say or do things that you could go to jail for?
What if someone creates a video of you admitting to a horrific crime you didn’t commit?
You think fake news is bad now?
You haven’t seen anything.
Within the next 3-5 years, this technology will destroy any last shred of trust
that we have between ourselves as society, and the chaos that will
ensue will be unimaginable.
that we have between ourselves as society, and the chaos that will
ensue will be unimaginable.
So at this point, private centralized entities effectively control where you can move,
what you can say, what you will think, your ability to transact,
and how you're portrayed.
what you can say, what you will think, your ability to transact,
and how you're portrayed.
Let's be honest here...
We’re all just on parole, and instead of wearing ankle bracelets, we voluntarily allow
the authorities to monitor our movements by carrying around a smart phone
that tracks everywhere we go, and everything we say.
the authorities to monitor our movements by carrying around a smart phone
that tracks everywhere we go, and everything we say.
And to make matters worse, the more powerful and centralized the technology
behind these platforms of control become, the harder it will be for
someone to stop it.
behind these platforms of control become, the harder it will be for
someone to stop it.
How is a young entrepreneur going to build a platform in his dorm room
that will disrupt Facebook which has access to unlimited money,
information, talent, and AI?
that will disrupt Facebook which has access to unlimited money,
information, talent, and AI?
He won’t. If he manages to make a dent, he will be purchased, knocked-off, or buried.
What’s taking place around the world right now is incredibly scary…
And yet… Somehow…
Life finds a way.
Just as the mechanisms of control are starting to reach a point of
no return, an antidote is invented…
no return, an antidote is invented…
____________________________________________________________________
A revolutionary new kind of technology that has the power to bypass
the central points of control, and that cannot be stopped…
the central points of control, and that cannot be stopped…
Bitcoin was the genesis application of blockchain technology,
and it is bringing freedom back to your ability to transact.
and it is bringing freedom back to your ability to transact.
For the first time in modern history, you can send digital money to any
person in the world that you want.
person in the world that you want.
You can send as much as you want, for any reason you want.
You don’t need anyone’s permission.
The authorities can’t stop you.
Your transaction is private.
It only takes minutes instead of days to process.
It’s virtually free to send when compared to traditional avenues.
And there is only a finite amount of Bitcoin that can ever exist,
so it’s value cannot be diluted.
so it’s value cannot be diluted.
It has become the world’s first virtual currency that no one controls or owns,
and as long as a single valid copy of the transaction ledger exists,
it cannot be killed.
and as long as a single valid copy of the transaction ledger exists,
it cannot be killed.
That’s why the value has risen from fractions of a penny, to over $7,000 today,
and it’s why the price will continue to dramatically rise in the years to come.
and it’s why the price will continue to dramatically rise in the years to come.
We take our traditional banking and financial system for granted here in the US.
There are banks and ATM’s on every corner.
But in reality, that is not the case for a billion+ of our fellow humans out there in
3rd world countries like the ones found in
Africa and parts of South America.
3rd world countries like the ones found in
Africa and parts of South America.
These people don’t have access to bank accounts or credit cards.
They rely on cash or barter.
Well now a cell phone can become your bank, and all you need to do to open an account,
is download a digital wallet.
is download a digital wallet.
“Ok Clink, that’s really cool and all, but what’s with all of the other coins and
tokens in exsistance lately like LiteCoin,Ethereum etc?”
tokens in exsistance lately like LiteCoin,Ethereum etc?”
Great question…
Blockchain isn’t about digital money.
That’s just one application for it.
Blockchain is really about TRUST.
Blockchain is really about TRUST.
Until now, trust had to be created through some form of human verification.
But whenever humans are involved, trust is far from perfect.
That’s why we’ve needed third-party institutions like banks…
These companies are required to verify transactions, process them, and audit them.
To provide these services, they charge fees.
Blockchain can replace all of these functions in an open verifiable manner
without the need for people, or third parties.
without the need for people, or third parties.
In other words, every privately owned part of our financial infrastructure,
from banks to stock and currency exchanges, are no longer needed.
from banks to stock and currency exchanges, are no longer needed.
The services they provide can now be done faster, cheaper, and more accurately on a blockchain.
There are already hundreds of decentralized cryptocurrencies available for use
right now including Bitcoin, Litecoin, ZCash, and Dash,etc,etc…
right now including Bitcoin, Litecoin, ZCash, and Dash,etc,etc…
Each with their own set of unique features and benefits of use.
And as for decentralized exchanges?
Yes, they already exist too… Idex, 0x, and Waves Dex are just a few examples.
All of these blockchain applications are being created to solve specific
problems in thousands of industries and markets.
problems in thousands of industries and markets.
For example, SHIP Chain is being developed to bring the benefits of
blockchain tech to the shipping and logistics industry.
blockchain tech to the shipping and logistics industry.
BlockV is allowing the creation of truly unique and secure digital objects of value.
It’s already being used in the events industry to fight fraud by creating
verifiable movie and concert tickets.
verifiable movie and concert tickets.
It will soon be applied to the online music and movie industries to fight piracy.
What about the identity-theft problem we discussed earlier?
Well, there’s a solution coming for that as well…
Civic is the first blockchain application that has started to tackle this problem.
Within a few years, everything you say and do will be documented in your own personal blockchain.
This will happen in real time as you talk on the phone, take photos, or send emails.
You won’t even know that it’s happening.
But what it will create is a true and verifiable accounting of your communications,
which will be used to combat false and fake versions of you created by others.
Got to love that one.
which will be used to combat false and fake versions of you created by others.
Got to love that one.
And then there’s BASIS.
This team is attempting to create the world’s first algorithmic currency and central bank.
Imagine a stable, global currency that is not controlled by any single government.
The value of these tokens is adjusted in real-time and pegged to a basket of
commodities and other currencies in order to create stability.
commodities and other currencies in order to create stability.
Countries that suffer from constant currency crises like Venezuela, Columbia, or Argentina,
could simply adopt Basis tokens as their national currency.
read more... https://bitcoinexchangeguide.com/basis-cryptocurrency/
could simply adopt Basis tokens as their national currency.
read more... https://bitcoinexchangeguide.com/basis-cryptocurrency/
This would allow them to stabilize their economies for the first time in decades.
So as you can see, the “Bitcoin Revolution” is infinitely larger than Bitcoin itself.
Which is why the people who really understand what’s being created here,
are so enthusiastic about the investment opportunities this technology is creating.
are so enthusiastic about the investment opportunities this technology is creating.
I know of a few, contact me.
I'm not finished yet!
my Part 2, coming soon...
my Part 2, coming soon...
William Clinkscales
Media Marketing Strategist
Eml: clink.nuwavemarketing@gmail.com
Skype: w.clinkscales
Media Marketing Strategist
Eml: clink.nuwavemarketing@gmail.com
Skype: w.clinkscales
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