The crypto currency market continues to produces new records with total capitalization that has exceeded $ 300 billion.
It will only be a bubble, like the famous Dutch tulips, but some less fanciful reflection a phenomenon of this magnitude deserves it. Bitcoin, the queen of crypto currencies, is about to exceed the $ 10,000 value threshold, while initiatives that accept crypto as a payment system grow worldwide.
Being a retail market, it is unfortunate that today, tens of millions of people in the world have crypto currencies. For these people a growing part of their wealth each day is influenced by the price
trends of the various crypts.
In order to try to understand why it is not just a speculative bubble, we need to get into the crypto operation mechanism.
Identify specific categories that highlight strengths and innovation. Cryptos are non-paper coins issued in a decentralized but totally transparent and competing way. Compared to a traditional currency there is no central authority that decides how and how to issue it and how to influence its price. Drivers driving the price of cryptos are the demand and the offer, as well as quantify the utility that a single crypto offers to those who hold it. While traditional coins are one of the last expressions of a planned economy within a decentralized capitalism and increasingly relying on consumer micro decisions, crypto currencies are the most technologically advanced response to embody the institutional dimension of an economy market driven. Centralized planning of traditional coins towards the decentralized production and exchange of cryptos.
This is the object of the controversy today in a world in which the power of individuals is increasing with regard to the ability to plan from the top of the states. Obviously in democratic regimes. The crypto then represent an evolution of the species with regard to the breed of bankers.
Recently, Jamie Dimon, number one of JPMorgan Chase, said people who buy Bitcoin are stupid. Dimon belongs to the class of shark bankers, those selected by financial capitalism in the pre-crypto currency season to be super-efficient in shedding a prey.
The shark is an animal with a low intelligence but a high operational ability to accomplish its missions. In a complex ecosystem, where strength counts less and capacity to elaborate much more, the shark is destined to succumb to the smell of smarter breeds.
This is explained why with the Bitcoins a new breed of bankers will emerge, which we could define as dolphins: with a much higher intelligence rate than other species and with a high degree of adaptation to a totally decentralized market.
Even evolution from shark bankers to dolphin bankers is a positive aspect that must be recognized in crypto currencies.
And if in the future there will be less bail-in bankers and less Ponzi scheme in circulation we should thank crypto currencies.
