Here's how it's going to go down.

submitted by [deleted] from (self.finance)

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[–]ReeferMadness 4 insightful - 1 fun4 insightful - 0 fun5 insightful - 1 fun -  (4 children)

Crypto is even easier to manipulate than fiat currency.

[–][deleted] 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (3 children)

Yes, of course.

[–]emanresu 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (2 children)

Which means they'll likely crash it.

[–][deleted] 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (1 child)

No. They won't because the crypto technological infrastructure that already exists is the perfect backbone for the future digital currency economy.

You can't ban the cryptocurrencies without banning the digital infrastructure that IS the cryptocurrency.

Why reinvent the wheel? The super rich, who own the governments, will do as they like. The super rich will buy up all the actual cryptos while the governments roll out their slave-bits.

So while they may very well be the ones keeping the valuations down somewhat lately, that's as far as they will go "crashing" it. Because it is needed.

[–]emanresu 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (0 children)

The super rich aren't buying digital fiat, they have real assets. There's no reason they won't tank the price of bitcoin etc. They could make it worthless tomorrow. Maybe they will offer a deal to convert your now worthless btc for slavebits. This is a reset after all, not a "make basement dwellers the new oligarchs".