Which is it?
Over the summer I read and bookmarked every article about Blockchain Technology I could find. I also have friends with whom I learn more and debate the subject.
I admit I am biased towards the enslavement camp but am well aware this is not the case for everyone. In my mind, once something becomes available for mainstream consumption, it’s in the hands of big money; common knowledge signals that the Powers-That-Be already co-opted a potential breakthrough for the people in service to their monopolistic agenda. This, at the expense of everyone else.
Bitcoin, and now Ethereum, exist as open-source, decentralized, peer-to-peer currencies outside the conventional monetary system. But I wonder if these and others are not simply the sexy seductions for a general buy-in to the crypto concept. Is it just a matter of time until this up-and-coming technology morphs into an institutional tool of greater control and surveillance for the power elite? Like so many come-on’s in the world of marketing, this, too, could simply be an introductory offer to hook us on an innovative approach to money, one that eventually transforms the financial system conveniently beyond individual control, and in the name of transparency, takes personal surveillance to an unimaginable new level.
Me thinks that given the tanking of the financial system in 2008 and its subsequent propping up thereafter by several iterations of “quantum easing,” Blockchain might just be the fulfillment (think: savior) of a broken fiat-currency world economy. The 1988 cover story of The Economist Magazine: Get ready for a world currency, eerily predicted 2018 as the year, opening with:
“THIRTY years from now, Americans, Japanese, Europeans, and people in many other rich countries, and some relatively poor ones will probably be paying for their shopping with the same currency. Prices will be quoted not in dollars, yen or D-marks but in, let’s say, the phoenix. The phoenix will be favoured by companies and shoppers because it will be more convenient than today’s national currencies, which by then will seem a quaint cause of much disruption to economic life in the last twentieth century.”
Enter Assets Collection Chain (ACCHAIN) in 2017. According to a June 3, 2017 Reuter’s press release, it is “an open global community and a decentralized asset digitization platform and tool created by Guiyang Blockchain Financial Co., Ltd, (GBF), an affiliate of Shenzhen Puyin Blockchain Co., Ltd. (PBG)The press release continues:
“Blockchain, first conceptualized in 2008, has been at the centre of conversation in the industry with several observers anticipating the technology to reshape the finance industry in the next few years, drawing parallels to the way internet has changed the media industry.”
A Newsfile press release, August 14, 2017, reported ACC held a conference in Beijing August 2017 for business, industry and political leaders to find ways to digitize global assets.
“ACChain’s goal is to increase awareness of the company as a tool for asset digitization. ‘We are helping to digitize our global assets in the global financial market. ACChain is part of developing the first real estate project commodity token,’ said ACChain representative Serena Yin. ‘Property leaders are excited because they stand to benefit the most from RET (Real Estate Token) as it aims to provide them with the liquidity to a popular fixed asset. We are changing the way our world does real estate transactions,’ concluded Yin.”
Still in its earliest phase of the roll-out and touted as advancement for global trade, what institutional Blockchain really is, in this writer’s view, is the beginning of the end of what’s left of sovereign currency. It’s now just a hop, skip and a jump to a one-world currency – the global monetary system on steroids. Intel Software designer Brad Peters:
“If a global crypto coin controlled by the Bank for International Settlements (BIS) comes to internationalize PROPERTY onto their crypto Blockchain, they get their one world government and one world currency all in the same stroke. This IS your 1988 (2018 prediction) Economist magazine cover.”
If you think crypto-digital currency is the flight-to-safety asset…I have a bridge to sell you.