Let's start off with this is an unfounded conspiracy theory but aren't those the ones to turn out to be true. I wasn't going to write about this but like the jewellery commercials says... "if you can dream it we can make it".
I have dreamt it so did someone make it?
One of the exciting things about the new blockchain revolution is the possibility of the redistribution of wealth. A real chance for money...no I should say wealth...to be moved into the hands of adopters of the dream.
Invest now, wait long, reap the rewards.
Now let me be a wet blanket.
What if this whole movement is in fact a transference of wealth. Not one that we envision but a way for traditional wealth holders to pull the last drops of money out of the masses.
It is not that far fetched. We see institutions and even governments legitimizing cryptocurrency almost daily.
When is the last time you remember these bodies relinquishing control of wealth? I don't remember it if it happened legitimately in my life. Never had a bank say to me "Oh you've created a new currency, let me replace/incorporate that with what I already own with absolutely no advantage to the bank, but us bankers aren't worried because they world is better if we all have money."
So why would they do it? Did the people controlling today's traditional economies wake up and say "you know what, I think I will give away my economic clout for the sake of the little guy out of the goodness of my heart."
Now hear me out.
Let's pretend that all of us currently non-wealthy people take to investing in crypto. All of the money not currently in the hands of the rich is now invested into a system where you can't physically hold it.
Here is the stretch... (or is it?)
Let's say "they" planned this, or at the least is guiding it and we are doing exactly what they want. All of the FIAT currency has now been traded in for crypto.
Then they hit the switch, or whatever "they" are planning. Viruses, hacked systems, media campaigns, quantum computers to be able to break block chain to devalue and destabilize crypto. There are too many methods to do this but I hope you get the gist.
Now crypto is devalued/worthless and all of our other forms of currency are gone from our control.
You know that old saying when there is a scandal "just follow the money". What if we are doing the reverse and allowing our money to be pushed to where it is no longer ours; buying assets that are easily erasable? At the end we will cry that our money is gone, it was unfair, and we will have to follow the news trails to see why our money ended up where it did.
This could be largest transfer of money some of us will see in our lives. Unfortunately it will be from people like you and I and putting the last bit of wealth that "they" don't own squarely where they want it.
Tell me I'm completely crazy and I'll tell you the story of a tulip bulb costing 10 times the salary of a skilled worker. Or of people without verified income owning multiple houses when they shouldn't have been allowed to buy one. Yes those were bubbles. But this is different you say...it can never be a bubble because blah, blah, blah...who is saying it can't be a bubble.
"If you can dream it we can make it". I just dreamt it; has someone already made it and we are happily playing along?
Meanwhile, I will watch my siacoin and digibyte portfolio devalue and pretend/hope that I am not being played by the very establishment we all dream of getting out from under. But what do I know? I said it was a conspiracy theory.
See you all when we're rich.
