No Fear For Rollercoasters

I just stumbled upon the best crypto-conspiracy in a long time, which I want to share with you all in today's short post. It shines a new light on the whole hash-war between Roger Ver and Craig wright, and that light might calm down some nerves.

It seems like there's a regularly returning need for calming down nerves in the cryptosphere. Of course part of the unrest among early adopters of new technology can be explained by the mere fact that they are early adopters; prices vary wildly during the adoption phases of new technologies in general, as competition starts of with a lot of small startups looking to make it big in the brand new market-segment. In the case of internet-based technologies this period is even wilder just because the internet is readily available for anyone and it has the best and fastest way of reaching new customers and investors. Add to that, in the case of cryptocurrencies specifically, the fact that we're not just talking about technology but rather the prospect of replacing actual money, which is used by everyone everywhere, and the ICO and Airdrop way of funding projects, and very little imagination is necessary to envision a wild ride toward mass adoption.

Booms and busts are to be expected. The term "HODL" refers to a talent found in the ones that manage to sit through the wildest parts of the ride, firmly holding on to their seats and their coins, while never losing sight of the end goal and trusting the rigidity and solidity of the firm ground beneath the twisty and bumpy road. This solid base we hodlers see, is in the basic idea of decentralization of money-power and the solidity of the basic technology used to implement that basic idea; Bitcoin is ten years old and has never been hacked (only points of centralization have been hacked, like exchanges), and banks still need to go, that's all we need to never lose faith in the basic idea of cryptocurrencies and decentralized public blockchains.

Hodlers and others that still believe in the future of those cryptocurrencies that manage to represent actual value, are the ones that actually know roughly how the technology works and know that inflation of the money-supply by centralized entities for the benefit of a chosen few is a dead end. I'd like to invite you to watch Hive account@meno's short vlog about the concentration of social and especially knowledgeable attending SteemFest to get a good feel of what I mean to say here; he does a much better job.

So now there's a new steep dip in the road a lot of folks ask: "is this another dip, or is it actually the cliff at the end of the road?" And I say what I've been saying during every rough patch of road we've passed before: "There is no cliff. The road has no end. It'll just transform into a multi-lane highway up ahead." I just hang on to my seat and wait for that shiny new asphalt to go easy on the rubber of my tires. But for those of you that need extra assurance that your time and money invested isn't a complete waist, I have a special treat.

Or rather; Michael from the popular YouTube channel Boxmining has a special treat for us all. He has waited for this whole hash-war between Bitcoin Cash ABC (Roger Ver) and Bitcoin Cash SV (Craig Wright, the self-proclaimed fake Satoshi ;-)) to settle down and comes with a surprising conclusion I certainly hadn't thought of before. And when I heard it from Michael I thought myself stupid for not considering that specific angle before.

Basically, if you look at this ugly crypto-soap-opera without focusing on the "spice", the characters involved, the big names and big figures, and just take the viewpoint of someone who simply wants to launch a new coin of their own, this whole episode suddenly makes sense. Now keep in mind: It's not sure at all that this is what caused the dip. And this is not financial, or any other kind of advice. I'll link the video now and wish you all a great day!

Thanks so much for visiting my blog and reading my posts dear reader, I appreciate that a lot :-) If you like my content, please consider leaving a comment, upvote or resteem. I'll be back here tomorrow and sincerely hope you'll join me. Until then, keep steeming!