Josh Sigurdson reports on some of the latest news in cryptocurrency and blockchain technology as Facebook withdraws its ban on cryptocurrency ads while still keeping its ban in place when it comes to ICOs.
This creates new speculation that Facebook will buy Coinbase, the online exchange giant as rumors have circulated regarding for some time.
According to David Marcus, VP of Messenger, Facebook is also looking at potentially creating its own cryptocurrency.
So the moral of this story would be stay away from exchanges to begin with. They are not safe in our opinion. Stick with a hard wallet!
Then comes the claim that cryptocurrencies are the mark of the beast! This is misleading as blockchain technology can be incredibly coercive if centralized, but to claim something like Bitcoin would be beneficial to the global establishment as a world reserve currency doesn’t make any sense.
There is a massive move towards a cashless society which is clear. A centrally planned digital currency routed through the banks and legal tender laws is ideal for the global cashless society at the IMF with the use of the SDR. They need to be able to print endlessly and enforce. If your money’s in the bank, it’s not yours, it’s the bank’s. If your money’s always going through the bank’s via digital transactions and legal tender laws, it’s never yours, it’s ALWAYS the bank’s! That’s exactly where they want you.
However, with Bitcoin, there is a cap on creation, it’s based in scarcity, application use and demand. Can they create promissories? Sure. People will move to another currency instead. There are only thousands of them. It’s a free market, competing currency system.
So many confuse cryptocurrency, digital currency, blockchain and Bitcoin with each other when they’re all quite different with some similar fundamental qualities. Equating all of the above does a disservice to information.
We will continue to cover this issue as we see the bear market potentially coming to an end.
Video edited by Josh Sigurdson
Graphics by Bryan Foerster and Josh Sigurdson
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