The Changing of the Guard

Is money ending as we know it?

What is it that causes banks to fail? Oddly enough, it’s greed. Greed is the bastion of capitalism; it’s the chant of more, more, more, the dull echo that reverberates off the walls of its temples. Oh yes, money had its beginnings in the temples. Firstly, the temple of nature, then in the temple of religion until it moved out into its own temples named banks, where I want what he/she’s got was born in a manger of loose hundred-dollar bills surrounded by wise guys that promised to make everybody millions.

Now, let’s take a look at crypto-currency. It not only records its own birth, it also records every transaction ever made using that coin or token of money. A crypto money token — paid for in old currency — has the superpower of knowing everywhere it’s been and everything it’s done. So when someone asks if you have the money, you can show them a computer file, a provenance if you like, telling you it all exists and exactly where it is.

The old system is failing because it is about talking the cash you’ve got up, whether you have it or not. It’s not about proving things, and that’s why banks are going broke — a little too much pie in the sky. Until we actually adopt crypto it will keep getting worse because all of the world’s resources are stretched to the limit right now. We’ve more than tripled the world population from 2.5 billion to 8 billion since the fifties and all of our infrastructure everywhere is now serving three times the amount of people it was intended for.

I’m sure you’ve noticed more people on the roads, in the supermarkets, or getting in each other’s faces on the internet. More strange habits that have become normal: crowded planes, buses and trains, massively high property prices across the world, rising interest rates everywhere, rising prices everywhere, inflation, more tourists, and on, and on. Just a short while ago, I swear, we had a paradise, but we didn’t know it was a paradise. Then change came hurtling out of nowhere like a bowling ball and did what it always does; it made us realize what we had was indeed paradise.

So back to crypto currency. Crypto has laid siege to the worldwide monetary system; it’s sitting there right outside its walls just waiting to win, and it’s going to win, we all know it. Whilst laying siege it is also doing what it does best, using the capitalist system to make more money. I believe Bitcoin has been over thirty thousand dollars a coin, and pretty soon it will breeze through that barrier to one far beyond. Not bad for a coin that comes with a pedigree, a history built in — the Blockchain thingy. Will crypto make more millionaires, is it the stuff that dreams are made of, can crypto make dreams come true?

Is crypto a Trojan horse, or is it real money we’ve never seen the likes of before? Is it going to level the playing field for everyone? Or will power continue to corrupt those that try to sidle up to it, and make nice? I guess only time will tell.

These are a few thoughts I had while meditating this morning, just words that came out of nowhere and decided to assemble themselves in this configuration. We are indeed living in mysterious times and everything is changing so fast everywhere it makes you feel like we are being shook up by something out of our control. Maybe a new planet ten times the size of earth that’s about to orbit right across our path out of nowhere — just like the ancient people said and some universities are now reiterating. It would answer a lot of crazy nonsense going on all over the place. Yeah…I could see that.

Astronomers argue that there’s an undiscovered giant planet far beyond the orbit of Neptune, and a newly discovered rocky body has added evidence to the circumstantial case for it.