#ADMP PRESENT: TALES OF THE CRYPTOWARS – S1E1
0. ZIMBABWEAN 2017 CRYPTO-BINGE?
Let’s take a DRONE-VIEW from history, as this tale of the new Crypto war starts in Zimbabwe, formerly known as Rhodesia, named after a ‘Dude’ called ‘Rhodes’.
His ‘House of cards’ collapsed in the 20th century (1980’s) under the ‘ Missile’ Mugabe and his cohort!
This BLOG is apolitical, by the way. We are purely focusing on the Business crypto ecosystem and its impact on the real world! When we make historical reference, it is mostly because it does feed into our demonstration–> We are ‘pragmatic’ Blockchain-maximalist in tone…
Links are verified and fact-checked, and then submitted to your good taste.
‘Crypt0-Geeks have never hurt nor offended anyone…’ :))
Therefore, consider this post as an exercise in Business Intelligence, rather than ‘political intelligence’
Which is not the case right now, as we write those lines, with both sides ‘throwing shades‘ at each other.
→ GOOGLE THAT 4 DATA!: Learning that a country, here the current Zimbabwe, used to belong to a single individual giant-plantation owner, in another time (19th to late 20th century) is probably not enough to excuse what happened later under the rule of Mr Mugabe, but it could help mitigate the potential horror stories, or show deep historical links to current events.
It does help to also highlight in many ways, the new front-line in the 21st century:
#DARK CRYPTO MARKET ?
→ Facing a huge financial crisis with trillions of zimbabwean dollar notes being used to buy bread ! #Hyperinflation
→ Facing political uncertainty, lack of cash and turmoil. …
…Score of zimbabweans rushed onto the Bitcoin and started creating a Bitcoin alternative market or ‘Dark crypto-Market’, where Bitcoin were being sold at a higher price than the prices available on the internet, as revealed in this CNN TV document !
The result, was a Boom, pushing the real ‘High street’ price up again, to the ‘Dark crypto-market level’ : It is a ‘Crypto-binge’
–> Whenever you have deep political resentment on the ground, and tensions, suddenly the Bitcoin Local Average Price, (or #BLAP) can gain a higher value, than the Bitcoin Global Average Price (or #BGAP)
→ You basically end-up with two competing crypto markets in one country, here Zimbabwe.
As a result, almost mechanically, the #BGAP was ‘PUMPED UP! When it happens, the overall crypto-market drive their price UP, too!
We will get to learn who are the 5 ‘Bull-currencies’ acting as the ‘GaS’ of that market later in Ep3. (also known as the Jackson#5 cryptocurrencies)
→ This coruscant crypto drive – Let’s face, it we are still talking about small ‘smart communities’, rather than the average ‘man on the street’- was dubbed as the ‘Great Zimbabwean crypto-binge of 2017’.
Taking a ‘drone-view’ of the problem, in most cases, the causes for crypto conflict might change depending on where you are on the globe, but often, it has to start with ‘FIAT-Currency’ or ‘paper
- Usually those mis-managed schemes are put together by the local central bank, supervised by political authority (or the World Bank), and often result in a loss of trust into the local currency by the financial and wider public.
- When it happens, somehow, military boots, hard politics, and mostly ‘Bitcoin prohibition’ get implemented, as in Algeria in 2017.
Bitcoin price goes up and down, on a hour-per-hour-basis. It’s called ‘Bitcoin Extreme Volatility‘. The #BEV, the ‘Bitcoin volatility’, can be explained by its scarcity and endogenous or ‘inside-limitations’ from a technological viewpoint:
21 millions of coins, in total, are being programmed, for example and the size of the network is definitely finite, and identified!
–> Bitcoin, has clear computer processing limitations (1 Block is 1 to 8 Megabyte large), too.
Check the original Satoshi PDF, probably, the single most important PDF file of the 21st century, here, as per the Satoshi Nakamoto’s protocol.
However, the Bitcoin price ‘volatility’ can also be explained by ‘Exogenous’ factors.
‘Outside ceilings’ or threats created by actors outside of the Bitcoin realm or community reach, and that are often correlated to geopolitics, as outlined by KERATI APILAK, here.
2. #GEOPOLITICS ??
ADMP does not do politics, as you know, since our prime concerns are about ‘Win-Win’ deals and situations for StartUpers, mostly. The ‘rest’ being just considered as ‘noise’ or ‘Distractions’… :((
– However, if we did…
…and had to do the ‘21st century Glocal Digital citizen Act‘ (i.e: Film with your smartphone, what is in front of you, and deal with THAT aspect of reality, FIRST!) and had to take a picture of what we saw, it would look a little bit like this:
>> Two sides unable to talk to each other, most of the time.
#STATUS QUO? = A stallmate, a ‘Face-off’, without the fun of John Woo, Nick Cage and Travolta!
With two sides avoiding each other. That is what the overall drone-view of the political world would reveal most of the times, in most places…
#THE ‘ANDROID (#AFROTECH) PARADIGM’?
Let’s segway into the ‘Millennial paradigm’ for a bit: The millennial’ in the ‘Western world’ or ‘Androids’ in Africa (Cameroon), and Brazil’, as outlined by social-anthropologist DIVINE FUH @ Cape town university (South Africa) will showcase different viewpoints, when compared to previous generations.
–> According to the scientist, the flexibility and myriad opportunities offered by the Android operating system’ could explain how ‘Androids African’ could as act as the first human ‘species’ or ‘generation’, that will be able to generate ‘drone-views’, for example.
That ability alone, coupled with the power of the internet, should affect their viewpoint on their immediate ‘reality’, as it should only get them closer to some sort of TRUTH, that escaped previous ‘humanoids’ generations.
Mr Fuh, summarizes his thought, by exploring the famous Afrotech resilience, with this quote :
Youth in African cities managed to cope with the many challenges that the weakness of the state, the economy and the many aspects of the on-going processes of globalization provokes.'(DF)
–> Technology will therefore offer ten thousands times more opportunities to affect your ‘immediate reality’ and transform society, than any political speech, in this current divided climate.
>> #JUST LOOK @ THE DATA! :))
Hence, why we will ‘stick to the technological aspects’ and see how regulations and historical events impact, shape and influence crypto-ecosystems around the globe.
>> Ideology will not drive our research, it will be technology!
3. BITCOIN PROHIBITION AGE (2009-200x) ?
– Yup, Gov…most people are still treated like unruly children, not mature enough to manipulate crypto-currencies, or ANY currencies for that matter! What it meant, was that #Bitcoin was ‘illegal’ and ‘Tolerated’ at the same time, from DAY1 of its inception, by Satoshi Nakamato.
However, one can’t help but understand that what is at stake is the old opposition between, an old wrinkled world and a ‘Brave new crypto-world’ with ‘utopian’ belief, as per the ‘Satoshi protocol’ document, too!
You don’t believe us?
>> Here are the OPTICS on Bitcoin Vs the 20th century ‘Dinosaurs’:
Bitcoin still has NO CEO
Bitcoin had NO BUSINESS PLAN
Bitcoin had NO VENTURE CAPITAL
Bitcoin had NO GOVERNMENT funding, backing it
areBitcoin had NO ELITES lobbying for it
Bitcoin had NO PRESS writing about it
Bitcoin had NO TV
Bitcoin had NO RADIO airtime
Bitcoin is NOT ANALOG
BITCOIN had no Telegram !!
Bitcoin did not RESPECT any of the settings, rules, regulations, and ‘seats pf powers’ of the ‘Old Analog World’! To finish with the famous ‘Afro-Beat‘ poet, Gil SCOTT-HERON analogy:
–> The ‘revolution’ was indeed not televised, but digitized …then went all the way, ‘CRYPTO‘ !
However ‘alternative facts’ like ‘Tech Bubble’, ‘trading’, ‘Lambo‘, ‘Scam’, ‘Hack’, ‘Dark web‘, ‘Fake money’, ‘Silk Road’, led to negative press thus, Bitcoin ‘prohibition’ was ‘enforced’ in many countries.
One sometimes running before the other –> Running Bitcoin, side-by-side, with the local currency, did not not suit the central mint (or Central Banks) of some countries:
And decided to miss on the many benefits of Blockchain AND Bitcoin, to solve problems within their population.
Especially, when it comes to money transfer, financial inclusion, cyber security, double-spending issues, speed, accuracy, resilience of the system, crowdfunding, insurance contracts and notary deeds, etc…</>
Do not forget that you will be missing out as a country, on the next technological challenges and will take a technological step backward.
–> Your YOUTH will be missing out on the knowledge of the 21st century!’
Check the Nigerian mint, here.
“ A mint, which by the way, just happened to not have been doing its job/homework, by providing another national ‘crypto-alternative’ to their paper-money problem! “
4. A NEW VIEWPOINT ?
>> On the other hand, THE OPTICS on the 20th century ‘Dinosaurs’ Vs Bitcoin are:
BITCOIN had a community
BITCOIN had even a ‘Smart Community‘
BITCOIN used Social Media
BITCOIN used the internet
BITCOIN used the ‘Dark web‘
BITCOIN is all DIGITAL
To finish with, Bitcoin is incredibly ‘Millennial‘, Bitcoin is made for the ‘Android Generation‘ !!
—> Algeria, China, the USA, the E.U. have banned the use of Bitcoin as a crypto currency, at some point in the crypto-cycle, before going back on their own words, a few weeks later – Some, even like the U.S might tolerate it, as a ‘Digital Asset Class’ and included it onto the ‘Future Market’ of ChicaGO as launched by Financial giant,CME Group.
- All this global agitation, only beg one question: What is the most accepted form of crypto assets, by the Old World Order?
– What exactly, do THEY want?
– Do You KNOW ?
TO BE CONTINUED …
Next week, the Season 1 Episode 2 of the CRYPTO WARS SAGA Carries on with Zimbabwean #BlacKFriday!!
The Dark #CryptoJeDi
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