12-11-2017, 12:00 AM
I am a little confused about cryptocurrency.
Firstly.. i consider the blockchain method of token accruel to be interesting
in that it is a very linear sequential energyform in the previously non concrete world of cyberspace.
banking and business computer use has always had a linear form but for some reason the
blockchain currency is dragging the whole cyber realm together into a single focus.
because of its linear, intangible and ever more concrete nature i believe blockchain to be
perfect as a tool for recapitulation.
unlike photo albums or diaries it will record our movements relative to its own progress
in a way which could be more unified than private esoteric diary or recapitulation research.
...............................
secondly i am worrying about cryptocurrency and inflation.
as billions are invested into the blockchain
where does that money come from?
initially i am aware that all money is just a token to represent wealth the bank already holds.
i.e. a 1000$ represents an equivalent amount of gold in the central reserve or bank of england etc..
but the growth of blockchain seems to be just creating numbers..
and once the trillions have been invested..
should the system collapse will physical gold double in price.
and much like traditional banks fear the day all its customers withdraw at once.
It seems largely immpossible that all people could sell their cryptocurrency AT the trillions
it would represent at the start of the day.
meaning if the system failed or if everyone decided to sell.. that these trillions would become worthless bits of code
and the money once paid for them would be in the pockets of who?
i am a bit afraid that this christmas millions of people will recieve bitcoin
and on january 3rd try to cash them in and the market will go into panic and crash.
who will have the money?
what is going on?
I kind of want to invest just so i have a handle on the global event..
but if it crashes.. what will i hold except a connection to the death of dreams.
should it collapse.. all the great recapitulative strength will be held in regret.
I find it very amusing that at the moment bitcoin has the contemplation of millions
of geeks all fantasizing about time travelling back to 2009 to buy it at $2
if only we could harness that timeline and start dredging up the keys to
awakening.. lets face it.. they aint gonna get no bitcoin out of it.
Firstly.. i consider the blockchain method of token accruel to be interesting
in that it is a very linear sequential energyform in the previously non concrete world of cyberspace.
banking and business computer use has always had a linear form but for some reason the
blockchain currency is dragging the whole cyber realm together into a single focus.
because of its linear, intangible and ever more concrete nature i believe blockchain to be
perfect as a tool for recapitulation.
unlike photo albums or diaries it will record our movements relative to its own progress
in a way which could be more unified than private esoteric diary or recapitulation research.
...............................
secondly i am worrying about cryptocurrency and inflation.
as billions are invested into the blockchain
where does that money come from?
initially i am aware that all money is just a token to represent wealth the bank already holds.
i.e. a 1000$ represents an equivalent amount of gold in the central reserve or bank of england etc..
but the growth of blockchain seems to be just creating numbers..
and once the trillions have been invested..
should the system collapse will physical gold double in price.
and much like traditional banks fear the day all its customers withdraw at once.
It seems largely immpossible that all people could sell their cryptocurrency AT the trillions
it would represent at the start of the day.
meaning if the system failed or if everyone decided to sell.. that these trillions would become worthless bits of code
and the money once paid for them would be in the pockets of who?
i am a bit afraid that this christmas millions of people will recieve bitcoin
and on january 3rd try to cash them in and the market will go into panic and crash.
who will have the money?
what is going on?
I kind of want to invest just so i have a handle on the global event..
but if it crashes.. what will i hold except a connection to the death of dreams.
should it collapse.. all the great recapitulative strength will be held in regret.
I find it very amusing that at the moment bitcoin has the contemplation of millions
of geeks all fantasizing about time travelling back to 2009 to buy it at $2
if only we could harness that timeline and start dredging up the keys to
awakening.. lets face it.. they aint gonna get no bitcoin out of it.