Dances with Wolves: Institutional entry will boost cryptocurrency prices | pdc darts world championship odds, rtp slot deluna4d, pertandingan basket nba

Judging from recent news coming out of Wall Street, it looks like 2019 will be the year that institutions get into cryptocurrencies.

Image source: pixabay

However, it’s like a double-edged sword when these institutions rush over the hurdles and join the cryptocurrency space. On the one hand, even if it is just a correlation factor, the price of cryptocurrencies will definitely increase in the short to medium term. On the other hand, we seem to be welcoming into our fold the very enemies that cryptocurrencies seek to defeat—the entrenched ancient lineage of the financial elite.

So there’s no doubt that institutions are definitely going to start moving into crypto, and if you think that’s a good thing, this might be a good time to ask where your loyalties lie.

Cryptocurrency’s “Overton Window” may get smaller

Cryptocurrency exchange Gemini, founded by the Winklevoss twin brothers, is heavily promoting itself as a “regulated” platform to attract institutional investors. |Source: Shutterstock

The "Overton window" refers to the range of ideas allowed to be discussed in the public sphere. Topics outside the window aren't necessarily banned or censored, they're just buried so deeply that most people don't know they exist. Until years later, when you stumble across them in some dark corner of the internet, they usually come in the form of red pills.

As we've seen on the r/bitcoin reddit, when people have a vested interest to protect, they will happily adjust the length and width of the Overton Window to make its field of view fit their preferences.

The removal of negative comments from the cryptocurrency subreddit is not surprising, especially considering how much avid cryptocurrency holders want to protect their investments. But there is ample evidence that the widespread scrutiny of r/bitcoin began around the time these institutions were founded.

These institutions are the financial backing of Blockstream, the leading Bitcoin development company. These include AXA Venture Partners, a subsidiary of AXA Group, the world's second-largest financial services company. Blockstream has been helping guide the development of Bitcoin since 2016, and if you haven’t heard about it, that’s probably because the Overton Window is dedicated toThe door is set up so you don't know.

Without getting into Bilderberg-like conspiracies, scrutiny of r/bitcoin provides a glimpse into how “old currency” institutions are reacting to the open-source, decentralized ideals of cryptocurrencies. They laugh and proceed to take your money.

Renaissance: Embracing Bitcoin without killing it

It’s hard to believe that Facebook was once hailed as the technological savior. Will cryptocurrencies suffer a similar fate? |Source: Joel Saget/AFP

"Oops! The Internet is not what we want in every way."

Those words were spoken by Sir Tim Berners-Lee earlier this year, when the inventor of the World Wide Web lamented that the original dream of the Internet had not come true.

Berners-Lee compared the early 1990s Internet's promised notions of freedom, openness, anonymity, and decentralization to the Internet we know today, which is censored, controlled, tracked, and surveilled due to collusion between governments and big tech companies.

Note: The Internet does not need to be destroyed to eliminate its destructive potential; it simply needs to be restored to the accepted way of doing things. This process happens so often that it has its own name - the Internet Renaissance, which is defined as:

"...in media culture and bourgeois society, politically radical ideas and images are distorted, co-opted, absorbed, dissolved, merged, merged and commodified, thereby being interpreted through a neutral, harmless or more traditional social perspective."

As early as 2014, some Bitcoin enthusiasts predicted the fate of a renaissance in the cryptocurrency field, such as early Bitcoin miner Stefan Molyneux.

Expanding the analogy to the Internet, Facebook was hailed as the savior of the tech sector in 2011 for its inadvertent role in helping organize protests in Egypt's Tahrir Square. Fast forward a few years, and Mark Zuckerberg's social network has become one of the biggest threats to privacy in the history of the Internet.

Cryptocurrency is a great medicine: but can we take it in time?

The only way we can avoid falling into the trap of the bankers, the globalists, the mainstream, or anyone else is to become independent and self-sufficient enough that we no longer need to buy what they are selling. In this case, no amount of publicity and salesmanship will be effective because there will be no void left in our lives that needs to be filled by them.

Yes, liberals’ ears should be perked up now.As a political ideology, the dilemma of liberalism is very similar to that of Bitcoin, both of which strive to liberate the masses from financial constraints.

The fate of liberalism does not depend on its effectiveness as a system of governance but on the ability of ordinary citizens to realize its ideals. Likewise, Bitcoin’s future success or failure as a tool for freedom will not depend on the efficiency of its technology, but on people’s ability to take on their own responsibilities as caregivers.

In today’s culture of dependence, the likelihood of any of these outcomes seem remote. The education needed to foster a new independent entrepreneurial spirit is hard to find in the public school system. If the sudden increase in Bitcoin usage in Venezuela is any indication, then, as is often the case when we look at history, we may first need to experience a disaster before we figure out what went wrong.

Perhaps this is a disaster similar to, or even worse than, the one that led a cryptographer named Satoshi Nakamoto to start working on Bitcoin in 2008.

"On January 3, 2009, the chancellor was on the verge of implementing a second round of bank bailouts."

Bitcoin’s future is uncertain—its fate is determined by itself

Look, if these institutions came and all they did was use cryptocurrencies to diversify and increase the size of pension funds, then that would be all well and good. As demand and exposure increases, cryptocurrencies will rise, benefiting all of us early adopters in the long run.

However, it is unlikely that the existing financial order will simply saddle up and play with the rules established by a group of eccentric programmers and cypherpunks. Yes, institutions will use the technology, but that doesn't mean they will follow its rules.

This is evidenced by companies like JP Morgan and Facebook turning to creating their own cryptocurrencies, based on their own privacy protocols and their own customized rules. Oddly enough, this is probably the most friendly solution between the cryptocurrency space and institutions: institutions create their own “cryptocurrencies” while we keep the real cryptocurrencies.

1. The Bilderberg Group is an elite team composed of political figures, corporate giants, and bankers from European and American countries. They control the world "from the dark". The various meetings of this secret organization discussed issues including globalization, international finance, freedom of immigration, the establishment of international police forces, the elimination of tariff barriers to implement free circulation of products, restrictions on the sovereignty of member states of the United Nations and other international organizations, etc., and are often considered to be a preview before important international conferences in the West. This supranational lobbying group is vividly called the "Bilderberg Club." ↵

Original text: https://www.ccn.com/sleeping-with-the-enemy-why-institutional-adoption-is-bad-for-bitcoin

Author: Greg Thomson

Translator: Libert

Source (translation): Babbitt Information (http://v1.8btc.com/sleeping-with-the-enemy-why-institutional-adoption-is-bad-for-bitcoin）