Will Caesar Assassinate Bitcoin and all Blockchains, This Time Around?

Dear Readers,

As the Ides of March approach, but this time Caesar lives?

In 44 BC Julius Caesar was assassinated. It was March 15th. Senators stabbed him to death next to a theater. Why? Because he dared to be king.

He had it coming.

Bitcoin, in the sphere of crypto, has been a dominant force since its inception. It was the first “successful” mover.

But it was never a bloody dictator. It never ordered you to buy it.

The ever-growing number of cryptocurrencies, vie for dominance. They want bitcoin dead. So does today’s Caesar. And you can name your own Caesar.

Certainly, the selection of contenders is vast. And there appear to be no experts about. Yes, there are those who code. The programmers. The computer wizards. The black hat hackers.

And there are the economists, bankers, government agencies, detractors and dictators.

Then the rest of us, holding onto our wallets, stocks and bonds, silver coins, collectibles, and homes. We are not the Caesars, however. We are the commoners – the Plebeians.

Maybe, as Plebeians, we’ve placed our crypto bets.

We know the score. We know that the dollar markets are volatile. The debasement of our currency ongoing. Inflation the result. Gold and silver prices, manipulated. The Catch-22 of the modern era. Until the “catch” breaks.

The only real market left – one with some measure of freedom – are the cryptocurrency markets. All others, to my knowledge, are regulated. Even my local flea market is regulated, somewhat.

In February of this year (2018) cryptocurrency bounced off a new low. I wondered then, if it was a reset of some sort. Now, over a month later, it appears to be doing it again. I fear another reset is looming. A much deeper one.

Some like to look to the past.

In 2013, bitcoin increased in value from a hundred dollars to over a $1000. It sparked the imagination of millions — do you doubt it? After three years, as a nerdy plaything, suddenly, it was here. But you ask – what exactly was here?

Then bitcoin sank in value. Giving back half. Yes, it could have been speculation. Mt. Gox. Whales. Take your pick.

In 2014, bitcoin seemed like it was dying. It lost over 60% of its value. Fluctuated. Maybe they were worth $300 buy years end. We wondered. Was it over?

Then 2015 came. Bitcoin gained at least 25% by years end. It was looking to match the latter part of 2013’s values. Could it once again hit $1000?

Many of us reinvested.

Then June of 2016 came. Bitcoin decided to go up. By years end, it was once again looking at the $1000 mark. People – investors took notice. Would it pop again?

What if?

That was the biggest question. What if this thing keeps on going? Where will it stop? Will the snake-oil salesman come out and paint the rosy pictures? They did. Millions each, they shouted.

In 2017 everything changed. The banner year – so far – for bitcoin. Exchanges, as bad as they were, slow, cumbersome — lit the fire. Bitcoin took off. Over 19 times in value. Almost holding at $20,000. But before the year was over…shaking.

And 2017 was like 2013 all over again. By years end, bitcoin was off almost 25% from its highs. The banner year was over. We felt deflated. Betrayed. We looked for scapegoats.

They were easy to find…

The financial world, which had been ignoring it, at least publicly, began kicking it steadily – and copying the technology. They were to blame. And the tax men. And the regulators. And China, Russia…and the endless bitcoin debates…and the bitcoin clones…and stiff competition from other altcoins…

Now 2018 arrived. From the highs of late 2017, bitcoin nosed over. No longer treading water, it sank. It halved and then some. Percentage-wise, 2018 – so far – has eaten bitcoin’s lunch.

If you hold (or hodl) you should be concerned. No other altcoin has yet to muscle in on BTC’s turf. There is no trusted replacement.

And this time, Caesar is sharping his sword.

If anyone can honestly say that bitcoin is not the touchstone of the cryptosphere, even as its “dominance” fades, beware.

Anyone can see the wag of that bitcoin’s tail. But he is a free dog. He survives in the wild. The Plebeians are his friends, but he has no master. Whether that dog lives, is the question. For Caesar hunts.

To those altcoins that joined them – you know who you are – you have not solved any problems. You have merely profited from the Plebeians and serve the Caesar. But Caesar is bankrupt, and you live in his kennel.

The joiners are like loyal dogs. They will serve any Caesar. Drink from any poison fountain, so long as it is sweet.

For now, I hope the joiners succeed, that I may profit from their folly. Then plow that money into the honest cryptos, if any still exist.

Caesar has sent his troops in. His tax collectors. His regulators. One by one. In plain sight. Brazenly. He knows not to attack the Plebeians directly. He attacks the places they frequent, instead. The watering holes, the bazaars, the money tables.

Right now, Caesar is cutting the supply lines. The flow of water — crypto. The great cisterns – exchanges – are being brought to heel.

Back to the kennels now, you Plebeians. No more dreams of roaming free.

Perhaps it’s time for the wolf. But even a good wolf needs his Spartacus.


Media Source: William Darby


Categories: Bitcoin, Cryptocurrency, Fintech, Freedom, Gold, Politics

Tags: , , , , , ,

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