Are Bitcoin and Bitcoin Cash two sides of the same coin? Some folks have accused the two cryptos of being part of the same incestuous family of elites - supporting different narratives for the purpose of a common or single goal.

Is it possible that BTC is Kim and BCH is Khloe, both working to steer the sheep to use a new shiny cryptocurrency (that they ultimately control)?

If that is the case... what Kardashian would Roger Ver be?

[Do you think that it's about time to start paying attention to Bitcoin Cash?]

Do you think that it's about time to start paying attention to Bitcoin Cash?

Below is the opinion of only one man - me.

This is how I see the 'war' going on between Bitcoin Core and Bitcoin Cash - and very open to hearing opposition to this viewpoint. However, please if you comment, do not just say things like 'bitcoin cash is garbage' or 'bcash is made by scammers', or 'i hate roger ver', etc. I think that we are WAY beyond that at this point and that serious facts need to be brought to the table. There is a lot at stake here.

Do you agree with this?


-Bitcoin Core (BTC) = Banking interests, corporate centralization, government sanctioned, etc. - ie. Lightning network layer, centralized blockstream corporation, etc.

-Bitcoin Cash (BCH) = Peer-to-peer cash transactions, no central authority, no corporate or banking interests, government feared - disparate players like john mcaffee, jihan wu, craig wright, Roger ver, etc.


Now... let's assume hypothetically for a moment that the banking and government systems are legitimately scared of Bitcoin and cryptocurrency in general because of how it threatens the existing power structure. Just try to imagine this is actually the real case scenario for just a moment.

That said and if it is a reality... what do you think the banking/gov power structure would do to kill and/or prevent something like an independent, p2p electronic cash system (Bitcoin Cash) from emerging? What lengths would they go to to stop it? How would they stop it?

Would they do it bluntly and directly (e.g. like a ban) or would they do it more subtly and methodically (e.g. like hijacking the movement, taking control of its development team, and incentivizing them to setup a 2nd layer on top of bitcoin that can be controlled...).

I personally think the government/banks would FIRST use the media to try to discourage others from investing (e.g. remember Jamie Dimon from Chase calling bitcoin a fraud? Remember Bill Gates and Warren Buffet coming out against bitcoin? - these people have influence). It's called propaganda. When that failed, they would then infiltrate the movement and dev teams to hijack and prevent the possibility of an independent currency from emerging (sound like blockstream? Look at the actors in the Blockstream corporation. Look at their background and ties. Follow the money). They would force out all opposition to the direction the 'company' would take bitcoin. Sound familiar? Lastly, they would setup networks of bots, trolls, and loyalists to bad mouth and talk trash on the emerging p2p electronic cash system.... why? To again use propaganda to discourage the public from using it.

Now bring on all the conspiracy theories.... I'm ready.

[1. Have bank runs happened in the past?]

Do you think so?

I certainly do. Not a matter of if, but when...

Here's the case:

1. Have bank runs happened in the past?
YES! Many many many times. Runs on the banks have happened since banks existed. Here are a few links to show you the proof:

-https://en.wikipedia.org/wiki/List_of_bank_runs
-https://en.wikipedia.org/wiki/List_of_banking_crises#21st_century

2. Are Governments scared of crypto? Could Crypto replace the dollar and fiat currencies?
YES! They are shaking in their boots because they know the end of Fiat is near. Governments are now running all directions trying to figure out what to do with crypto. Russian, Venezuela, and other governments are starting to create their own cryptocurrencies to coax the public to adopting them. India, pakistan, china and others are trying to ban crypto all together... but know their efforts will be futile. Europe, US and other nations are trying to 'embrace' cryptocurrency, because they know that it's inevitable that they adapt their business model or perish.

The dollar's days are numbered and will soon be replaced as the world's reserve currency. There is FINALLY an alternative to the dollar and the world knows this.

The truth is that cryptos WILL replace fiat currency. This will cause the price of crypto to skyrocket and the dollar to hyperinflate. The dollar will hyper inflate to crypto and many will wake up only to find out that their dollars are worthless.... because it will not require such a large amount of fiat to purchase any cryptocurrency of value (think if bitcoin in fact did go up to $100K).

Here is some proof for your reading pleasure:
-https://www.google.com/search?q=us+government+cryptocurrency&oq=us+government+crypto&aqs=chrome.0.0j69i57j0l4.4120j0j7&sourceid=chrome&ie=UTF-8
-https://www.google.com/search?ei=-VnWWsDaGoqq8APUzZuQCw&q=us+dollar+collapse+crypto&oq=us+dollar+collapse+crypto&gs_l=psy-ab.3...8052.9348.0.9526.9.9.0.0.0.0.100.790.8j1.9.0....0...1c.1.64.psy-ab..0.2.172...0i13k1.0.rkAR1-JYReQ
-https://www.google.com/search?q=dollar+hyperinflation+crypto&oq=dollar+hyperinflation+crypto&aqs=chrome..69i57.8042j0j7&sourceid=chrome&ie=UTF-8


3. What does the IMF and Big Banks Say about Crypto? Is the financial world worried about crypto?
YES! They are all very worried because their business models are all being threatened. The IMF has now come out multiple times saying that that crypto could disrupt business models, and will present challenges for banks  and central banks. They know fiat's days are numbered.

Today the IMF chief Christine Lagarde said this:

"Moreover, banks and other financial institutions will face challenges to their business models, should there be a large-scale shift away from government-issued currencies toward crypto-assets. Regulators might find it harder to ensure the stability of a more diffuse and decentralized financial system. Central banks might have more trouble acting as the lender of last resort in case of a crisis."

Here are a few more things the IMF has said about crypto: https://www.google.com/search?q=imf+crypto&oq=imf+crypto&aqs=chrome..69i57j0j69i60j0l3.1565j0j7&sourceid=chrome&ie=UTF-8


What does Bank of America and Chase Bank have to say about this? Well take a gander below....

-https://www.google.com/search?q=banks+crypto&oq=banks+crypto&aqs=chrome..69i57j0l5.5934j1j7&sourceid=chrome&ie=UTF-8
-https://www.google.com/search?q=bank+of+america+crypto&oq=bank+of+america+crypto&aqs=chrome..69i57j0l5.7669j0j7&sourceid=chrome&ie=UTF-8

They have repeatedly said that crypto is a threat to their business and that they need to adapt or die. They see the writing on the wall. They have also tried to claim bitcoin is a fraud/scam because they are scared of it.


What about Goldman Sachs?
They are trying to actual embrace and enter the market because they know that the revolution is coming. They have now started acquiring crypto-related companies such as Poloniex (crypto exchange) and Circle (app to text people cryptocurrency via phone). They have also stated that crypto is a threat to their business. See the proof below...

-https://www.google.com/search?q=goldman+sachs+crypto&oq=goldman+sachs+crypto&aqs=chrome..69i57j0l5.3560j0j7&sourceid=chrome&ie=UTF-8
-https://coincentral.com/goldman-sachs-funded-circle-purchases-poloniex-400mln-buyout/
-https://www.reuters.com/article/us-crypto-currencies-circle/goldman-backed-startup-circle-buys-major-crypto-exchange-poloniex-idUSKCN1GA1N4


4. So Where Does That Leave Us?
Well... we all need to embrace and transition to crypto from fiat. The sooner you do this, the better for you.

The writing is on the wall. This will happen.

There will be a digital run on the banks.

People will convert fiat to crypto at an alarming rate as this rocket ship takes off. This will cause hyperinflation of fiat currencies around the world... which will only accelerate the adoption of crypto and push the prices higher.

If you're reading this... you are doing something right.... welcome to the club.

Many of the 'new rich' and 'future elite' are amongst us. Place nice and help others understand what is going on.

Cheers!
Crypto Camacho

Would ZOFB be a good name for a crypto coin or token?

I own the domain name zofb.com if anyone is interested in it....

Anyone else feel that STEEM is going to be the next MySpace?

SMTs will be huge eventually, but honestly I've been a bit disappointed with STEEM so far... I think a lot of people have, which is why you're seeing the price drop and drop and drop.

I think the price does have A LOT of potential to go up, but STEEM needs to solve some basic basic issuess... like website building 101. The current community is so basic in functionality, that it is hard to see them revolutionizing the world/internet, when they can't build a well functioning website. So that leaves me with mixed feelings....

If they get their act together... we'll go to the moon with Steem. If not, someone else will eventually eat them up.

Who remembers MySpace?

How much would you pay for the domain name....



HODL.com



Would you buy it? Why? Why not?

I thought that it would be important to share this information about the current state of the crypto universe.

Here is the blockchain ecosystem: https://steemit.com/bitcoin/@dscenterprises/the-blockchain-ecosystem-in-pictures

Look at how many different types of companies and technologies have been created - in a variety of sectors. Namely, here are the categories that have so far been defined....

-Cryptocurrencies
-Developer Tools
-Sovereignty
-Fintech
-Value Exchange
-Shared Data
-Authenticity
-Other

Take a good look at the charts below....These are the smallest they will ever be.

This is what Digital Marketing looked like in 2010ish... It looked something like the charts below. Now Google 'Digital Marketing Ecosytem'.

...It has exponentially exploded - with tools, services, categories, resources, etc.

The Digital Marketing space is an example of where we're headed with blockchain...

...but blockchain will be much much bigger.

**Blockchain will disrupt virtually every industry. **

We are only just beginning.

Take a good look at those charts below and imagine what it will look like in 5-10 years.

Now is the time to act. Learn about this space. Understand the future impact it will have. Buy some Bitcoin.

If you don't,you will be left behind.

Here is the original article to see the breakdown:
https://steemit.com/bitcoin/@dscenterprises/the-blockchain-ecosystem-in-pictures

A Prediction of mine is that within a matter of just 10 years, the proliferation of cryptocurrencies and decentralised platforms will allow the vast majority of people to enjoy dozens, perhaps even hundreds of different sources of income. We'll no longer be bound by a single source of income or be single-source income dependant. Society will earn money according the merits of their work, not the corporate relationships that they have. A JOB will be a thing of the past and we'll work to our actual potential.

Here are a few examples...

-Steemit is one.
-AMP is another.
-Bitcoin another.
-Smart Media tokens another.

The list goes on and on...

Imagine a world where people earn money according to the value they provide.

This is the future. This is happening. Welcome to the revolution.

Enjoy the ride...

Thoughts? Agree? Disagree?

Does anyone know if there are affiliate programs for ICOs? The affiliate program doesn't need to be for a specific ICO, but could be tools for ICOs, etc.

Anyone know of a good affiliate program to promote ICOs?

Banks as we know it will go away. But banks in general are not going anywhere. It would be foolish to think that a multi-trillion dollar industry would evaporate overnight (after such a long history). They will put of a fight... a strong fight at that. Bitcoin may disapear too - but blockchain isn't going anywhere. That is key.

In the end banks will need to adapt to the new disruptive tech or be gobbled up.

My guess is that they will remain around for a long time to come, but their function and utility will signifcantly evolve as they try to figure out new ways to scam people for money (think about how wells fargo, chase, and all the other major banks do this today with hidden fees, etc.).

Governments are already in panic trying to create a new bubble economy through 'carbon taxes' and the 'green revolution'... which is all utter nonsense and really a ploy to keep the dollar (and other fiat currencies) bubble inflated...

You see, they need something to keep the house of cards from collapsing, in order to keep the current economic system afloat (e.g. mortgage bubble, tech bubble, etc.). That is how derivatives, equity swaps, mortgage default swaps work.... they create artifical economies that are virtually backed by nothing. They do this by 'cutting' up monetary value into smaller packets of 'value' and and then selling and reselling it... This in-turn creates something very vast out of essentially nothing. It is an engine that propels the world economy.

It is really quite ingenious of the banks to have done this, but also very irresponsible...

...and it is not sustainable.

Bitcoin is.

Bitcoin doesn't work like derivatives. It doesn't inflate. You can't create something from nothing with it. You can't use it to prop up a fake economy.

Do you think the banks would ever use Bitcoin and try to cut it up into derivatives?

Well that would be an interesting day....

[I'll give you a little hint...]

Just before a movement in the market which causes people to lose faith in one currency, you need to buy it's competitor. That one will soar and the other will drop, when 'your' investment reaches a dead point, you switch to the one that took a beating. That one will rise after the panic is over. That way, you get on the train up - on 2 occasions.

I'll give you a little hint...

Search for the following:
- China ban on bitcoin coming 30 September.
- Antshares commissioned by Chinese government

Ask yourself: What will this ban do to the price of bitcoin and what will trade to and from China use when the Chinese government has it's OWN currency. Don't be fooled by the name change of Antshares, because that is NOT a coincidence.

So Bitcoin will again 'crash', opportunists will carpe diem and buy the be-jesus out of Bitcoin, Antshares will skyrocket as part of the Chinese plan and the Chinese government will try to regulate Antshares as their new form of currency.... profiting heavily in the process.

Love it!

https://cointelegraph.com/news/breaking-all-chinese-bitcoin-exchanges-must-close-by-september-30

We keep referring to crypto markets in terms dollars and euros - "how much does a BTC cost in dollars or Euros. How much is a BTC worth (in dollars)?"

But think of this...

When the dollar crashes again, (because we learned nothing from 2008) - people will be upset and will say: "BUT bitcoin is worth 10,000 dollars! I lost all my money!"

This is the wrong way to think about it. ...

We keep seeing bitcoin as an alternative to dollars or euros, etc., but Cryptocurrencies will be the basis from which all other fiat currencies will be calculated. We will calculate the worth of a dollor or euro or yuan... in Bitcoin.

This won't happen very soon, it may take a while - but it will happen. It's inevitable.

You cannot inflate or deflate a virtual currency, which finds it's base value with the millions of users on the network - who have demonstrated proof of work. Proof of work is value.

This is the true value of calculation.

Wall Street will end... at least as we know it.

Say you have '$1000 dollars' worth of bitcoin and let's say it's equal to .25 BTC for simplicity.

When the dollar inflates so much that the value goes from $1000 to $5 dollars, you're still left with .25 BT

...Which is ultimately worth whatever it's worth in purchasing power, in any currency.

QUIZ:
1. Do you all think this will happen gradually or all at once?

2. When (not if) the dollar does crash, most people will make a run on the banks... but seems that right before hyper-inflation, would be good to load up on Bitcoin. How are you handling this with your money?

3. When do you expect this to happen (no messing around, want serious replies)

So, I'm loving that Bitcoin and other cryptocurrencies are crashing. It's been giving me plenty of opportunities to buy in on the markets. However, the markets are so low that I've bought ALL IN with my funds.

Here's the problem...

So many cryptocurrency markets are tanking... which means there are SO many opportunties to make money. But I can't buy anymore, because I'm all bought in.

Do I now wait until we go to the moon (or at least another high)? Do I try to day trade this?

How would you approach this?

The waiting is killing me and I want to play in the markets more!

Can you believe this... not even the Chinese can resist the allure of Bitcoin (or realize they don't have a choice). They say that they will ban ICOs, then regulate. They say they will ban crypto exchanges, then they regulate. They may be realizing that pandora's box has been opened. Blockchain isn't going anywhere. The game is over.

So.....

Meanwhile, back in government labs....

"How can we stop this?? Let's ban it! Wait, we can't....okay let's try to regulate it then" - classic land grab attempt.

That is the beauty. That is the power of crypto. That is the power of Bitcoin.

We've just begun folks.... Enjoy the ride.


Here is the article - for your reading pleasure:
https://themerkle.com/chinese-bitcoin-exchanges-will-likely-not-be-banned-after-all/

Okay this is crazy and I want to know the community's thoughts on this...

Here is a man (Jamie Dimon) who has spent his life at the center of some of the biggest scandals in the history of the world (banking, derivative trading, asset default swaps, etc.)... making claims that Bitcoin is a fraud.

He says "It's worse than tulip bulbs. It won't end well. Someone is going to get killed".

Is this surprising to anyone at all? The banking industry is MOST threatened by Cryptocurrency and this is only going to intensify as more and more people adopt Bitcoin and other cryptos. I'm alarmed at the arrogance and pure double-standard of these elite bankers. They can all go to hell as far as I'm concerned...

Here is the article if you want to read it yourself:
https://www.c[Suspicious link removed]m/2017/09/12/jpmorgan-ceo-jamie-dimon-raises-flag-on-trading-revenue-sees-20-percent-fall-for-the-third-quarter.html

Has anyone else seen this presentation that Craig Wright recently gave? I don't know if the guy is really Satoshi Nakamoto, but I have to admit that he does know just a 'little' about bitcoin and blockchain technology. If nothing else, the talk is very interesting and his vision for Bitcoin is truley pretty awesome. He says that Bitcoin is much more than currency... and will one day power and handle ALL data transactions for every individual on the planet - and it will all be accessible anytime/any place via the blockchain. Pretty amazing.

Here's his Preso for those interested:
https://www.youtube.com/watch?v=Zssu63rKT0Y

Would love to know your thoughts on this AFTER you watch the video. We can't ignore this guy forever....