Back to the Start - Why DCorp ICO Proves We've Learned NOTHING

in #bitcoin7 years ago

The Only Lesson History Teaches, is that History Teaches us Nothing.

We are at the terminal end of the Monetary Cycle.

  1. Money as Capital (Gold and Silver).
  2. Money as Hypothecated Capital (Historically Gold and Silver) and Lent Out.
  3. Money Fractionally backed by Capital (Historically Gold/Silver) and Lent Out.
  4. Money Fractionally Backed by Nothing and Lent Out (Fiat Money)
  5. Money as the Debt based on fractionally backed money backed by nothing.
  6. Derivatives Stabilizing the Debt Money which is based on fractionally backed money backed by nothing... until...

We are in the last stage.

The Global "Money" in Financial Markets isn't even Fiat - the preferred means of Currency in the Financial Markets is not Cash, it is the Financialization of Debt - and that is why people would rather have a NEGATIVE yielding Bond than Fiat - It's Called Gresham's Law, and Debt itself has become the preferred Money. To stablize this Ponzi Scheme, Derivatives were invented to "stabilize things".

DCorp, in its advertisements, claims that there is over $1000 Trillion in Financial Instruments. How is that possible, when the entire global Annual GDP is $70 Trillion? It's not, unless the entire system is so top heavy that it's about to implode.

All of those Derivatives, Bonds, and other "Financial Assets" are about to implode. Why would you create a new financialization for a system that's about to implode???

THIS ENTIRE SYSTEM IS ABOUT TO RESET. WE ARE HEADING BACK TO #1. THAT is the ENTIRE reason for the rise of Cryptocurrencies. (See my Article, "The Coming Cryptocurrency Superspike" - https://steemit.com/cryptocurrency/@cryptonomics/the-coming-crypto-superspike-this-bubble-is-small-compared-to-what-s-coming)

Let me say that again, in case you missed it. THE ENTIRE POINT OF CRYPTOCURRENCIES IS THE RETURN OF MONEY AS ASSET.

Money as Asset is NOT STABLE.
Money as Asset requires you to accept ASSET RISK in Money.
But NEITHER IS FIAT - 100% of over One Thousand Five Hundred Attempts at Fiat in Human History have FAILED. FAILED. History teaches us that Fiat is more unstable by orders of magnitude than Asset Money. The process of Hypothecation, Fractional Lending, etc always ends in Hyperinflation. ALWAYS. Fiat Money always returns to its intrinsic value - ZERO.

That's why Cryptocurrencies will spike to unbelievable heights, when the Fiat Ponzi Scheme implodes "like a Supernova" (as Bill Gross says is about to happen).

99.9% of people participating in the Cryptocurrency emergence as the new Asset Money, don't even understand WHAT they are participating in. They are just abandoning Fiat because Fiat is devaluing and the system looks unstable, so they're getting out - the continuation of Gresham's Law, and the restart of the Monetary Cycle.

That's why DCorp is the symbol of how we've learned nothing. Their whole goal is to re-create the System, within Cryptocurrency, which is the very REJECTION of the System that they're trying to re-create.

Ironic.

It won't work. Unless we really are that STUPID, that we just keep repeating history.

Alas, DCorp is proof...

We have learned NOTHING.