3 Things Everyone Missing With FTX
Could there be a deeper agenda?
(Listen to audio version of me reading👆)
Bitcoin and then there is….crypto.
FTX literally effects bitcoin in no way at all other than short term price moves down.
Makes for cheap sats for everyone to pick up!
Bitcoin is it a decentralized computer network that has nothing to do with any exchange at all.
The reason exchanges are blowing up is because they are all creating their own fake tokens and using them as collateral and using fractional reserve lending and re-hypothecating customers deposits (which is kind of like what the banks do where they take your deposit and then lend them all out and have nothing in reserves at the bank.)
So when people get scared they come to a bank (bank run) to get their own money out (or tokens.) When there’s nothing there for them to take and everyone gets word of it then the bank/lender goes under because they lent out more than they had in reserves, and cannot satisfy customer requests.
Crypto is the legacy fiat charade where there are a few people at the top who hold the power and the rest are pawns.
This is exactly what bitcoin has set out to solve.
Even if Sam Bankman-Fried wasn’t funneling money to the Democrat party you now know exactly what is possible and how the legacy system works.
In a bitcoin world this is very hard to do and more importantly people are incentivized to be rational actors and that’s exactly what Satoshi Nakamoto and every bitcoiner has set out to accomplish.
A world where you don’t have to worry or trust someone to manage your money and not just flee with it.
SBF just took billions of dollars and he can still go give it to whoever.
At the end of the day the bad people still win in inflationary monetary systems; a system that’s designed to win like the house at the casino.
Look at our country and the disaster it finds itself in; culturally, energy, monetary, voting, liberties, etc..
Someone with $10 million might think they’re winning in the short term but they’re losing because their money system is broken and in a few years they’re going to have to go to the grocery store and get gas with a shotgun sitting in the car waiting because we will be living in Biff Tannen’s “Pleasure Paradise” in Back to the Future 2.
When bread is $100/loaf how far will your $10million go?
You fix the money, to fix the world
Separation of money and state.
The 3 big things people are missing with FTX and aren’t talking about much;
1) Ruling class trying to buck you off bitcoin wagon…
They are trying to kick out average guy so “big money” can get in.
Remember all the people getting in to the dotcom bubble 20 years ago and front running Wall Street?
Wall Street realized that they were on the wrong side of the trade and they scared out the average guy in order to pile in first and then let the “normies” come back in to the trade.
Then the average guy got slaughtered and Wall Street rug-pulled everyone.
The same thing I presume is happening here in bitcoin.
How can it not feel like that when you have these news headlines just this year alone (many in just last few months):
BlackRock via Coinbase piling in quietly this year
Fidelity announcing their customers can now invest.
NY Bank Mellon announcing they are in.
SEC/regulators won’t approve spot ETF
Approved futures and Short ETF though so they can short it and help to drive price down.
Raising rates in general which they know will crush all assets.
Massive shorting of certain companies that might not be 100% to take them down or to actually take them down like FTX was allegedly doing to other firms?
2) Was FTX possibly laundering money to enrich themselves and keep power by stealing your time and energy?
Funneling money through exchanges and blowing them up to force liquidation and regulations but also funnel money to politicians on both sides of the aisle, allies in Eastern Europe, and regulators, etc..
All the money they stole was people’s livelihoods.
Literally the time and energy they spent away from their families for years and they invested in this kid who was a pawn for the ruling class at the top it smells like.
Then he is still being paraded around like a victim and has speaking engagements with the New York Times alongside other billionaires who just act like nothing happened.
How come Zuck and others aren’t protesting and pulling out of their engagements?
You know that many would if it was Donald Trump.
All animals are equal, some more equal than others.
The game is being played on each and every one of us.
How is this happening and the average person is ok being insulted and told they are an idiot?
3) Unproductive class want to get regulations in for bitcoin/crypto which this provides the cover to do it so that they can make it harder for people to be sovereign and take custody of their property.
Massive FUD campaigns from media to WEF to scare people out of bitcoin.
Crypto is one big casino where the ruling class is playing games and laundering money it seems.
Bitcoin is the true threat to their money monopoly.
They know they cannot stop it so anything they can do to slow it down or at very least scare people out of the trade and jump in the themselves (back to point #1) would be a win in their eyes.
As Cory Klippsten says, “bitcoin taking over is inevitable, but the adoption could take 10 years or 100 years. We want to win the race so we don’t have to fight the war.”
We have the chance to change this by voting in true free market capitalists who respect freedom and understand sound money.
This is the fight for the new internet and freedom for people all around the world.
Is America going to let other countries and snake oil salesmen like SBF, take away monetary freedom and power from the global leader in freedom?
Stay strong,