Gordon's Crypto Manifesto- A Must Read For the Crypto-Savvy Thinkologist
Gordon's Crypto Manifesto- A Must Read For the Crypto-Savvy Thinkologist

By BitcoinGordon | BitcoinGordon | 20 Feb 2020

The irony of Gordon Freeman, is that in all adventures (Half Life, 2, E1, E2 etc.) he never says a word. He is a man of action.

In reality, Gordon is, to an extreme, a verbose intellectual, and when he isn't on a campaign against science gone terribly wrong, Gordon tends to focus on the economic, philosophical, spiritual, fundamental theories of reality. Gordon aka myself, is here to do one of those things, regarding cryptocurrency. 

Take the time to read this if you are already in the crypto realm, and read this before spending 1 penny if you're a crypto newbie.

There are flaws in crypto on the lowest-base-level that I am going to discuss. No one is going to like them, and no one is going to agree with me. That's the beautiful thing about opinions, and it is okay, because I already know I'm right. The fact that I am going to point some of these out, does not mean that I am anti-crypto.

I am hugely, massively, gargantuan-ly pro-crypto. Therefore, it pains me to see it run by such dumb people. Brilliant, capable, sound-minded individuals who do not understand the first thing about their creation. So, this is a very fair critique of the things you probably have seen dash (not the coin) across your Twitter feed or in your Reddit threads. Or not, how do I know? This is not all-inclusive of the points made, but it covers some of the important ones.

False assumptions:

  • Bitcoin will never go away. Bitcoin will always be #1.
  • To the opposite, one of the current top tier alts is going to outperform Bitcoin and become the #1 dominant crypto.
  • Crypto is great because it is decentralized.
  • Crypto is great because it creates an immutable ledger that no person can rid the internet of.
  • Crypto is great because it will free all nations of poverty.
  • Crypto is great because it is government-regulation proof.
  • Trading is bad (traders are traitors).
  • Hodling is the best way to show your support for crypto.
  • Mass adoption will come from...
  • In the crypto news; Bitcoin went up on the great news that "x" is going to start using Bitcoin for payments.
  • In the crypto news; Bitcoin went down because the President of "fill in the blank country" said there was going to be sweeping legislation.
  • Not your keys, not your coins.
  • Never leave your coins on an exchange.
  • No one can take your coins if you keep them in cold storage, safe hardware, safe software and remember your codes or keys.
  • Crypto is the only asset class of its kind that cannot be confiscated.
  • Crypto will end fiat and central banks.
  • Bitcoin mining is killing the planet.
  • Bitcoin mining is not killing the planet.
  • There will be a single cryptocurrency that wins out above all others, and the entire world will be using that in the year 2340.
  • There will be 70,000 different cryptocurrencies in the year 2340 and each one will serve it's purpose.

These are just a few points in this lengthy epic of crypto wisdom, whether taken to heart or not. Some I'll go into deeper than others. I remind you, I am pro-crypto. This is not an argument to talk someone out of their belief in their crypto ideals.

Now, allow me to cover each of these, but the most important items will get the most lengthy explanations. Gordon is very efficient with his time.

Bitcoin will never go away. Bitcoin will always be #1.

All that it takes is one project like Facebook's Libra to take off, and people believe it will be the mass exodus from fiat banking notes and we will be crypto-freebians. Uh, when Facebook convinced you to let them track you via GPS, did it make you free because they traded you a coupon for free nachos? Did they give you a royalty for the millions of dollars it earned them to get that data and sell it to companies and governments? So, what about using Libra for every payment for everything everywhere, including their own platform? You want that instead of Bitcoin, or would you prefer they make Bitcoin more usable? I chose the latter.

But, yes, all it takes is one super-coin from a Google, YouTube (which is also Google), Facebook, Twitter, Instagram, and let's face it, all the above, and we will not see mass adoption the way you wish. If I am wrong on this point, trust me I WANT to be wrong about this point. But, the main reason I know I am right, is because they got more eyes on crypto with the announcement of Libra, than a decade of exposure from Bitcoin. 10 years to let more people know about crypto, folks, and I promise you, much fewer people are aware of it than you think.

When people say "the whole world knows about Bitcoin" no they don't! They Do Not!

Maybe 45% of the world has "heard" of Bitcoin, but maybe 20% have any idea what it is, and 10% have any idea there is a $200 Billion industry in the making, worth easily 3-5 Trillion dollars in real industry if it kicks into gear. They do not know! WHY? It isn't like magical internet money doesn't have a platform; it's the internet! It is THE money from, and for, the internet. You'd think it would come out to let a few people know every few months or years. 

The outside world heard about Bitcoin when 1 BTC = $1, when it broke $200, and when it broke $20,000, and the most it ever heard about crypto? When it dropped from $12K to $3400. Does that sound like an efficient use of a decade of mining and the growth of billions of dollars of exchanges? It sounds lame lame lame. "Well, if you don't think they are doing a good job, then what would you do better?" Easy, I'd focus on converting the people who do not know, instead of appeasing the people who already do.

Again, truth hurts.

People are not going to convert to crypto because their favorite candy bar or athletic footwear has a crypto-tracker or crypto-coupon. People are not going to close their bank accounts and go all-in on BCH because there are people who claim you can live on BCH and nothing else. They are not going to take all of their hodls and put them on credit cards either. All of these things will, and are happening, but they are not going to lead to mass adoption nor will they change anything positive inside the crypto world. 

I will speak to actual mass adoption in that section, but to wind this topic up, Bitcoin is dominant, it is the first, and the entire crypto economy currently requires some measure of BTC dominance in order to avoid crumbling. There are enough whales and institutional funds invested by professionals, that will prop up Bitcoin to a certain degree because they understand economics like Gordon understands economics, and they do not want to lose all of their funds. It is that simple. IF, IFFFFF something like Libra comes along and starts fueling a mass entrance into crypto, it will launch the arms-race of crypto, and China will sink all of it's economy into their national coin, and the U.S. will fight for the #2 position against Russia to launch their national coins, and the debate will become about instant pop-up regulation. Yes, before they were dragging their feet because they are earning so much with individuals flooding the market with manipulation, that they need the appearance of control over the market, but they are intentionally very slow to fold it out. That is about to change with KYC. So folks, we WANT Bitcoin to remain dominant, but to a lesser degree, and in so doing, the best alts have a fair shake at sharing growth in a healthy market.

Something, at some point, will likely overtake Bitcoin. It is a hard thing to happen, because of it's advantages (the first, the biggest, oldest hodls, no other coin will gain that much momentum from zero to billions), but it will happen, unless the core team uses a different thinking in it's development roadmap: no real advertising, no real change in blocks and buffers, no real scaling resolutions, slow transfers, expensive transfers, and centralized mining outfits. These will eventually be like horse and buggy giving way to a mooning lambo. Right now, most crypto enthusiasts are focusing on which kind of buggy is the most efficient, what kinds of wheels make buggies boogy, and what breed of horse handles the roads better. When crypto has formula 1 engineers, Bitcoin will start to take a backseat, and when the price goes down, people freak out.

To the opposite, one of the current top tier alts is going to outperform Bitcoin and become the #1 dominant crypto.

The point with the above is largely covered. But, generally speaking, there are altcoins designed for a myriad of good purposes, and some of them are even taking the crypto concept and converting it into the Model T Fords from the above metaphor. There are great teams making great coins that do many great things. And, there are also b.s. coins that are simply fun to invest in because the logo is cool or the team is groovy. To each their own, eh? Totally. But, I don't think GRIN or DOGE are about to hit a steady $20,000 and hold there in the near future. If they do, it means Bitcoin is at $50K and we are all very happy about it.

In order for a single top tier alt, let's say XRP, LTC, ETH and the other top 20-30 coins, to outperform Bitcoin, their growth would need to be fueled by such a larger percentage of growth metrics, adoption points, potential uses, marketing, ad sales, promotions, ways to mine, perfect scarcity modeling, and sheer number of people to invest, they would have to look at the current crypto options, and every one of those people look at Bitcoin as an option, and say "pass". 

If someone gets a Coinbase wallet and buys their first crypto, they heard about it because someone told them about Bitcoin. If you are an XRP maximalist, you believe that more people are going to buy XRP than Bitcoin. You are loyal, maybe even smart, but you are wrong. In the non-crypto world, nobody has any clue that XRP exists, and once they do, they probably don't know Ripple is the same outfit. They don't know what you think they know. Talking about Mexican remittance did not make them choose XRP. That is the marketing for XRP and it makes zero dent in the outside world. It is good news. It is great news for XRP. That is the same XRP that just took a -12% dive, and you know why???? Because Bitcoin just went down from $10,100 to $9400 and it forced XRP to do the same.

Guess what? XRP performed just as well today for Moneygram as it did yesterday. Nothing wrong with XRP except one thing; it ain't Bitcoin.

All of the great things about XRP, LTC (what does LTC do other than move fast and cheap? I don't know, but whenever I move my crypto, I convert to LTC and send hundreds or thousands of dollars for $0.40 and that works for me), ETH and the rest top tiers, will never matter if they don't discover basic economic principles that balance technology value with market value. 

It is impossible to think that one of the other top level coins will overtake Bitcoin in the same market we see now, and I don't suggest this concept by a catastrophic crypto event, meaning ETH becomes #1 because Bitcoin Core blows up. Anything can happen in a mess, a flash-crash and all other things considered. But, the current market run cannot take enough XRP from $0.30 to $10,000. All of the fiat in the world cannot provide the current market power that would require.  But, I am a huge fan of seeing 10-40 coins overtake Bitcoin's dominance together, because it would be healthy and help pump a lot of old hodl bags.

Crypto is great because it is decentralized.

True, but not really. People buy the talking points, but don't understand how in most economic theoretical principles, crypto is much worse than fiat. First of all, you cannot topple fiat when it is almost impossible to get crypto without buying it with fiat. One step further, you are arguing against the establishment's fake digital money by saying you prefer a total stranger's imaginary digital money.

The truth is, many of us know Vitalik, some know Dr. Wright, others may know Ant or Ver and the others, but what do we really know about any of them? I didn't grow up with them, and they aren't in the history books yet. Tomorrow, someone could cash out all of their ETH or BTC and take for the hills never to be seen again, and a thousand crypto warriors would hit the blockchain explorers trying to track where they buy their gas and plane tickets. Wouldn't mean a thing.

Part of crypto is the blockchain. Blockchain exists from a network of computers that sync up to a common database using code that a very small core team of software developers have written, and everyone chooses to trust that the code works right, that the ledger won't go away, and that high-paid analysts didn't miss something crucial. Critical errors are caught and fixed every month in crypto, and in most cases, nothing bad happened as a result. Crypto has had a few roll-backs and a few critical events, but the theory of blockchain has not failed; not once. That is a great thing. But, it doesn't mean it is really decentralized. To the top-level point being made, when you use a bank, you put money in, and they credit you that right to access to the digital representation of those funds, and that tiny piece of the global economy is yours. Your leaving it in the bank, taking it out, has a tiny affect on your local community and maybe the internet depending on your spending habits. But, if you log in one day and your funds are gone, and the bank says "watcha mean? you never deposited that" you are out of luck. That is centralization at its worst. So, blockchain does a great job at eradicating that problem for every successful transaction. On the flip side, if you happen to have a credit card stolen, issued from that same bank, you can call someone usually 24/7, and tell them to block all access, and go over purchases one by one, and you will not owe a dime for the stolen goods or use. That is a nice benefit of third parties.

For most of us who have been around longer than others, there is at least one instance where a bank lost or messed up funds, and we were angry for it. But, 99% of the time it does what we expect, to the point that we do not even give it thought. The very fact that the code team, the coin organization, the thinkers who represent projects, the CEO's of coin "X" are the people who made the coin, listed the coin, maintain the coin's web page and Twitter account, should make you understand how centralized it is. Unless they willingly break the laws in their country and get caught, anything goes. They can tell you it is one model today and change it tomorrow. They can tell you to trust them and stake day one and take all of your coins the next. It happens unbelievably few times (Bitconneeeeeeeccccccccccctttttt, XMRG etc.), but it can happen easier than any central bank gets away with similar things.

Crypto is more highly centralized from the groups that mine them to the people who code them, but you should be free to believe in the ideals that make for great projects, and it is okay to place trust in things you believe in. Just, don't make the mistake almost all crypto-lovers make, and love them blindly thinking they are decentralized. They are not. The blockchains are designed to operate by spreading use and proof across an entire network, and the code is designed to protect that network. But, anything that works and doesn't work, is ultimately at the mercy of a just and rational crypto tyrant who can change course whenever they decide. Otherwise, mutiny of bad decisions can also show the weakness of how centralized crypto actually is.

Crypto is great because it creates an immutable ledger that no person can rid the internet of.

Yes and no. The ledger's are designed to be immutable. But, if anyone thought enough bad things were happening on their ledger, technically anything can be re-written, rolled back, deleted, re-booted at any time, and it can happen from the decision of one person or a small group of people. No matter how many people are mining or staking a certain coin, they are powerless to the use from the code. That does not mean this will actually happen. Case and point (look it up yourself): When Binance, you know the most trusted and secure centralized exchange, was hacked and lost 7,000 Bitcoins, the Bitcoin Core team offered to roll back the ledger for them and pretend that the 7,000 coins magically popped back into place and were never owned by the crooks. WHAT????????????? Yes.

In fact, if you go searching it for yourself, you will see that CZ didn't even know that was a possibility, but it was something to be discussed. Then, he decided it was an important lesson to learn but it was not worth the potential impact to the community to roll it back.

Did you just become a little less confident in your worshipful Bitcoin masters? It is not immutable. It is designed to be immutable. The author of the code, the updaters of the code, can make changes to the code, and though an entire network of users will distribute that code across a vast landscape of separated ones and zeros, and mad geniuses were behind the whole concept, an evil government entity could be using the entire crypto experiment as a means of taking over the planet. Really, I do not joke. What if the worst dictator in the history of mankind, who we have no idea exists, used a pseudonym online called Satoshi Nakamoto, and he was patient to wait 12-15 years before calling in all of his Bitcoins by a small bomb in the code no one recognized? What if the whole plan was to take over the global economy? I don't think so, but I also don't trust Facebook any further than I can click "like". I certainly do not trust the national coins or legislative bodies that are about to enter crypto with a 1,000 ton weight.

Crypto is the least decentralized, least invisible, least freeing concept that has ever happened to money and value storage. But, it is the best thing we have at present, and if the originators of the top coins have nothing but good intentions, we are safe in the hands of their centralized operations. That will change despite best intentions, but for now, it works only because it seems to have positive motives and a little insurance brought by fear and greed.

Crypto is great because it will free all nations of poverty.

On the surface, I do believe crypto has the potential to help and the potential to heal a great myriad of problems, and that is great. But, in order for crypto to help poverty on the front line, there are other things that need to be addressed even more.

First, poor people mostly don't have money. So, how are they supposed to buy crypto? It's kinda stupid to miss that point.

Unless I am missing something, I think the primary definition of a poor person, is someone who ain't got cash.

But, there are answers to this which many don't realize. For instance, I am writing this article on a platform that let's me earn a few pennies for pouring my soul out in text, and I wish it earned 100X more, but it doesn't. But, in poor nations, wi-fi and computers, or at the minimum phones with text, are so cheap and so common, every village has one, and it won't be long before the United Nations uses money from all free nations to give them their human-right-protecting internet access. So, every individual will be plugged in, if not for cheap, then for free. They can open a free email account, open a free Publish0X account, write and tip, and earn money that, for now, the government cannot take. What is more exciting, is they can send that money to and from their free wallets, and a new economy does in fact occur. It would take massive efforts in number and quantity much bigger and more powerful than this one platform, to lift them from poverty, but it is proof of concept, and it can happen.

But it won't.

Well, it will, but under a false pretense from the very evil banks and governments crypto is designed to circumvent. Poor people could earn from STEEM, from here, and a handful of other places, but again, where is the mass adoption? If you get $2-3 per month for letting Brave serve you ads, then you cannot gain wealth from this unless BAT becomes worth $300 per coin or something like this. Nothing life changing comes from a poor person being able to buy a few extra bags of rice or a nicer pair of shoes. It is a wonderful thing, but it doesn't change their running water, local education or opportunities. It could if entire communities ganged up their BAT coins into the same wallet and used it for infrastructure, but I imagine the government would want to know where the money came from.

It is sad, but to truly reduce poverty, disease and the other infrastructure that change lives, crypto needs a true humanitarian mechanism, and that can be the true catalyst. But, organized fundraising goes through government every time, and it cannot go around the powers that be. Wealthy individuals can become whales, and then choose to anonymously send money to poor people, and that is not very likely to happen, but there is currently the potential for this. Sadly, the only way I can imagine someone actually freeing the poor through private coins, is on the dark web, and it is a sad statement to think that you have to join the worst elements of society in order to be free to do some good without being tracked. Therefore, once again, the good that crypto can do for the poor, is much more complex than people think. But, it is the citizens, the lower-middle class who survive the conditions of oppressive governments, who get the value of crypto that is in their control, and worth saving and using for local trade, in place of fiat. That is a real element of crypto. The rest of it is simply unlikely to happen in a naturally occurring economy.

Crypto is great because it is government-regulation proof.

Seriously? People are naive. Don't get mad; it's true.

If you bought crypto, you did so from an ATM that knows everything about you, from a bank account that tracks your funds, or from a credit card or electronic payment processor, and if it matters to any government entity, they already know about it. For now, they don't care a lot about any small investments. But, once they have blockchain that outperforms your blockchain, trust me everything idealistic about crypto will be 10 times worse than fiat.

Governments can tell every bank to deny connecting accounts to Coinbase and everything similar. Governments can require all DEX providers and centralized exchanges to require KYC. Forget the fact that there are few requirements for the safe-keeping of your ID, SS#, facial recognition, handwriting and the other elements that make this the worst version of Orwell's 1984. So, sure, you can believe your keys are your own, or your funds are sticking it to the man, so to speak, but the man has already won.

Crypto already needs a new crypto.

The government can regulate coins, and you think you can just use VPN and connect your private wallet to DEX. Sure, but who is to say you don't wake up tomorrow, and the United Nations requires all free wallet developers to require KYC. That's it. That's all it takes. And it has already happened with some of the most popular wallets. In fact, what if you store a wallet on one browser that you gave up your most precious identification information to, and then you want to access your funds from another computer and another IP, and suddenly there are laws that will not allow access to a wallet from different locations? You think the government won't place irrational rules in place to control the flow of funds wherever they wish? And, the pressure is going to be on the highest earning countries much more than poorer nations. The goal in global economics is to even out the wealth to less developed nations, and it isn't right or fair, but it is what will happen. Why? Because the best thing to happen is for individuals and independent organizations to choose to help directly, in place of the greed of central government entities making those choices for you and I.

It is easier for governments to grip control over crypto than their own fiat. It will be a dream come true to the technocracy when governments have nationalized coins required for payments, with every detail of our lives tracked. That is the future. There is a window of hope in the meantime, but that time is very short.

Trading is bad (traders are traitors).

That is one of the oldest notions of crypto and one of the dumbest things anyone can say or think. It proves a lack of understanding metrics, politics, economics and philosophy all combined.

Okay, here is the part I agree with. Most people should not trade.

Trading is hard.

It is not as easy as buying low and selling high, or every person would do it and the economy would explode into inflation because nothing would have value, because everyone would guess right all the time. If gambling, like futures and options on margin, was as easy as guessing right arbitrarily, the Casinos would not bother opening, because they would always lose. Since the opposite is true, Casinos always win, and honest exchanges do as well. They create programs that are tweaked to take advantage of your human nature. It is that simple. If you announce free deposit, most people forget to ask how much it costs to withdraw. Then, they tell themselves it is okay, because they will get rich first on the platform anyway, and then they can give their 2FA, KYC, ABCDEFG and all will be fine.

Trading on margin places a pre-determined mathematical equation to how low you can go from the value of your balance to the potential you guess right about a long or short. If you are right, you can still get liquidated, because you have to be the right amount-right, in order to earn. It may force you into a bigger position or larger required profit than you would normally choose. But, the lure of gaining 2-10X or even 100X leverage on your smaller principle, is gambling, and it is temptation. 

There is a reason, much like the bright lights and cheap buffets of Casinos, that centralized exchanges have contests, special lock-up investments, rewards for referrals and the such. All the glitter and fancy chancy contests are a distraction from the sound investment ideals of simple spot trading and limit orders. But, that is where the best potential to earn exists.

Hodling is good if you choose the right coin at the right price and wait it out. But, if you got Bitcoin at $.01 and saw it go to $200, and your goal is to make a profit, at what point do you perceive the right exit value in the future? No one is that good at guessing the market to know they wouldn't get burned at, say, $1000 Bitcoin, or a $5000 Bitcoin. It is super easy to see the right moves after it all happens, but it is nearly impossible to guess right when it is taking place. There is always that one person who called the short, or called the long precisely perfect, and working backwards from that one move (discounting the 20 others they called wrong), they can draw the correct triangle or Fibonacci line that proves they were the genius guesser of all time. It's all fluff.

I will get into specifics in the proper context below, but trading is good for crypto if it is done moderately and correctly. I will place it in traditional investment terms. If you buy stock and hold it, it could be the right long term investment. But, if you guess right, it will only earn a value one time. That's it. Hodls are a one-trick pony; buy at "x" sell at "y". They provide very short term, temporary liquidity and then the coin requires fresh blood. That is, until a much, much, much later date.

Trading provides volume and this gives a life-blood impression of value that ends the exact moment that trading slows down. It is like momentum to a car's speed. The engine gets a boost from good tires and going down a hill. That is volume as it relates to the speed of a car. Volume is good, because it creates the economic force called liquidity. When a fiat currency, for example, becomes illiquid, it has become useless and no one will touch it. It doesn't matter if yesterday it was $1, if it becomes impossible to trade day 2, literally buckets of dollars can't be unloaded. This is what happens to crypto if everyone buys and hodls.

It is true.

I don't care if you believe me.

I will talk about it more later.

The BEST way to show support for your favorite coins is to move them around. I personally think the most true and fundamentally effective way to do so is to buy and sell crypto to crypto. Choose only the best projects, and pay as little to no fees as possible. For instance, if you trade ETH and BTC and no fees, you can only lose by paying such a bad price for one or the other, that they will never go up higher than that. If you accidentally hodl ETH or BTC for months or years, most of us believe that if the whole internet doesn't blow up or regulators don't mess it all up for us, both will be double again in the near future. It gives liquidity to both projects, and it provides the measurable value of buying and selling, and that is what ultimately gives market value that leads to adoption.

So, shush about traders are traitors nonsense. It isn't true.

In the end, the best coins will benefit from the hodls that last the longest and are the biggest, but until that time in months or years, hodling is part of the reason it has taken so gosh darn long for crypto to get somewhere. Lame!

And also, thank you for hodling and contributing to the crypto economy, but just don't crown yourself victorious because you believed so much more than others. You slowed things down and could have helped this economy along much faster, bigger, and better by learning basic skills to add volume and liquidity. That's all I'm saying. The rest is for dramatic effect.

Hodling is the best way to show your support for crypto.

Again, not true. And now, since I placed the ground work, let me use an analogy. You have a local mom 'n'  pop shop that you want to support. You want to stick it to Megalomart (King of the Hill's WalMart) and only buy your locally-sourced soda pop from Freddie's suds and buds. You go there, buy a 24 pack of soda pop (yes, I imagine we are in the crypto 1950's, okay!?) and show your support for local economy. You even go so far as to leave your change in the tip tray. You give them a glowing review online and take a picture for your Twitter, smiling with the owners.

You have precious cargo that proves you support the local economy. They do inventory and replace the 24 pack you bought, because now they know you will only buy yours from them. You value this so much, you wouldn't dare pop open a can.

You keep that baby in a glass case in the garage as a living testament to your dedication to Freddie's. The problem is, Freddie is waiting for you to come by next week to get your 24 pack they already replenished, but you aren't buying. Nooooo, your hodling, baby. Yes, that really IS how it works. Now, if the economy really were that dire, then each person you encouraged on your Facebook to join in support, is buying a hodling their soda pop, and now the soda manufacturer has fewer orders. Because of fewer orders, they start firing people, part of the plant shuts down, and you're giving your online high-fives for Freddie's like an idiot. But, once the damage is felt industry-wide, word gets out to other people who didn't have a clue, because you did nothing but encourage other people who already like soda and already live next door, and thus not until there was a big issue did anyone else learn of all of this, now there is a shortage of soda pop.

Sure, NOWWWWW everyone wants one.

There is a finite amount. Now, Freddie wished he understood your wack plan for bringing him business, because if he knew, he would have taken the bite in his budget and bought, and hodled soda pop as well. Now, people would pay 30X the price just to have a can. But, it's too late. All the good soda is rotting in the garage in tribute to a great drink from a great store.

Pretend this is Bitcoin. Tell me how your single transaction that hodls is showing the rest of the world you care? Where are they going to go that is so far back in time, for your tiny purchase of BTC, that they can even find it on the blockchain? In fact, if you buy $20 of BTC here and there, that is a nice, small contribution. It does help. But, if you bought $20K worth 5 years ago and hodl it, you have every right to do so, but it is not going to help BTC grow in value until the next halving, if it survives the coming mining debacles and regulation that is coming.

If you bought some as investment, and bought some to trade against your ideological coins of choice, let's say ETH, XLM, TRX or whatever, you can do so while waiting for one to be higher in value than the other, earn a small amount more than you had, and this gives the market a signal that there is economic value in BTC, ETH, XLM and TRX. Now we're cooking with oil and that builds fire, baby! The best show of support is USE. Use it in the marketplace, but even better, trade it for other coins you like, and do so when there are economic opportunities. That is what makes an economy work.

In the Freddie's example, if you and your friends came in every week and bought the same 24 pack, they could rely on you to bring value to their store, and eventually those stupid thumb's up posts and selfies would bring them more business, and perhaps your simple coolness would bring people in from other counties just to show they also like Freddie. But, unless you hodl to the very end, and Freddie doesn't close shop from your backwards economic hodl premise, it will never reach the impact point of scarcity until it no longer needs your help. If you don't ever trade your garage-laden soda pop also known as Bitcoin, it will never be worth anything other than virtual space in a fake wallet only you know the password to.

In the end, for a scarcity model like Bitcoin's, if you hodl long enough, you are contributing exactly that amount to the growth and success of Bitcoin, and you did it without clogging up the network. But, it won't benefit you, or crypto, for at least another 5 years, and we could all use the help now before the whole thing blows up, yo.

Mass adoption will come from...

People have the most ridiculous ideas of what they think will deploy the crypto magico massive eruption of financial purity unleashed upon the world. If enough people make dapps like CryptoKitties, the world will learn about crypto. If enough people gamble using "x" coin, then everyone who plays online poker will use crypto. If a big video game lets you buy and sell assets with Bitcoin, the world will discover crypto.

When people start using "x" coin for "x" purpose, the world will know about crypto. When Starbucks takes Bitcoin, the world will know about crypto. When Bitcoin hits $30,000 the world will know about crypto.

Okay, merit given. All of these contribute to mass adoption.

They are all good things... well sorta.

But, here's the thing: all of them have reasonable success cases, and no one outside of crypto knows anything about them. Go to the mall, find a middle-aged man or woman, and ask them who Justin Sun is. Now do you believe me? Yeah, because you and I know that's Tron dude, but no one else does, and if you explain it to them, they still won't care.

When crypto is needed, it will be too late for most people to afford buying in. But, they will buy in anyway. Until then, it could have already happened 3-4 years ago. The crypto gold rush should already have happened. We're not even close. Every time a modern mechanism of crypto starts to grow, a stupid idiotic massively insulting hack or scam happens and it is the only thing a few news cycles include about crypto. There is plenty of proof why no one should bother being in crypto. But, there are a few really good reasons for it. At the top of everyone's list should be earning money.

What you do with your money is how you express your ideals. But, stop pretending you buy crypto because you are a humanitarian or you just believe SOOOOOO much you can't help but buy it Mother Teresa of freakin' crypto.


We want crypto to catch on, because it will go up in value, and one of those projects is something you are knee deep in. Even worse, a lot of us who started a serious conquest in crypto got burned in 2018, and perhaps again in 2019. We not only want mass adoption, we kinda need it.

So, mass adoption is not going to come from your hodls, it is not going to come from the Freddie's method of support, it is not going to come from the 5 things you can buy online with Bitcoin Cash aka Crash, and it is not going to come from buying your ridiculously bitter tasting over-priced latte thingy from Starbucks. All of these are cool. All of them are a tiny help for a blip in the cosmos, but they will not bring mass adoption.

Let me further this. Microsoft is in. Starbucks is in. WalMart is already in. The top banks are in. Amazon is in. Everything you can think of that is huge news is already in place. Even the stock exchanges announce crypto.


No one gets it, everyone thinks it is imaginary and will steal their funds, and honestly they could be right. But, we believe, right?

Right. Beyond any historical examples, we believe in this new thing.

Mass adoption comes from awareness, volume, and liquidity. I am right, and that is all.

You can argue every other point and it will not help a thing. I am not playing favorites or sides, but I'm going to give you an example. And, by the way, I am writing this entire manifesto from off the top of my head, but my research is solid. I am intentionally not giving any credit or links anywhere, because I want you to do your own research. That also means I am not direct quoting anyone or stealing any words from any other source.

Okay, there's this guy Richard Heart, who created Hex. Maybe it is a scam, maybe not. We will know in a year, in 5 years, in a decade, or we will never know. He is very smart, put his own money in, had the code tested, the economic model tested, and launched. It is designed to gain value in the thousands and thousands of percentage points by locking and staking coins and holding them long term, and as one holds and invests, it destroys the future coins of people who have yet to enter. So it actually leans on the economic pressure in our Freddie example, but places good sound principles in this. In a better Freddie's world, this model increases visibility and gets more people buying soda pop, and the demand does in fact drive up price. This reaches an extreme when it is both popular AND scarce at the same time. There are zero guarantees that Hex is or will be worth a darn, even though it already pumped some at market. It could crash to 1 Sat tomorrow. Who knows. The point is, most of us know about Hex because we follow crypto. Go ask your non-tech-savvy mother's friend about Richard Heart. She has no clue.

Mass adoption means that people who are NOT in crypto, learn about crypto.

What the industry is STILL doing, much to the annoyance of myself and seemingly NOBODY else, is telling crypto people more things about crypto. What the absolute flip is that going to do for mass adoption?

Listen, buddy, if I had more money to put into crypto, I would do it. I know where to spend, and how to churn that into more money with zero flash and no margins. But, despite being a fairly smart person, I have not found the power to reach outside the crypto world and change the world. You and I together, embracing the purpose of this manifesto, could make a difference. People will say, with ignorance, don't tell us the problem unless you have a solution. DUDE, isn't it obvious? 

Mass adoption, TRUE mass adoption, comes from volume.

Volume comes from liquidity.

Liquidity comes from cautious, well-educated trading to whatever capacity someone develops the skill.

Trading happens either through swaps, centralized exchanges, or DEX.

We need better options. Those do not presently exist.

The good choices have still been hacked, lost your KYC, and are chicken when it comes to standing up for our rights against government intervention. We should have the right to lose our money wherever we want. But even better, we should have the right to trade out in the open without the fear of being taken advantage of. The only time the law should intervene is when there is a hack, and they should care as fast as a Madoff makes off with our crypto. More on that later. (Also, how does spell check not know who Bernie Madoff is? lol).

Not everyone is brave enough to join, kyc, load thousands of dollars into crypto on an exchange. I get that.

But, if someone does it in stocks, they sure should discover the 24/7 market in crypto. It needs to be better. It needs to be safer. But, volume is required to get attention from the outside world. Next, projects need to recognize their correlation from project value to market value. I am a self-proclaimed expert consultant on this.

I usually have zero clients.

Why? Because the crypto kids with their multi-million dollar projects don't have a clue about economics. They know code, they know cool things about snarkyjarky crypto crap I can't learn fast enough before I forget it, they are absolute geniuses beyond compare, but they do not get a single thing about money; real or fake.

They don't. They really don't.

Even the scammers that steal money from crypto and convert it to fiat don't have a clue about money. So, nobody in cryptoCURRENCY understands how currency works. Well, maybe a few people, but they are only pandering to other crypto fans as well.

Listen, I'm almost as guilty as the rest of them. I'm writing this here, aren't I? I only know about this site because they offered to give me a little crypto. Now, I'm impassioned because I care about something that needs to happen.

When projects listen to consultants like myself, they can discover their weaknesses in getting the word out to the crypto community and outside the crypto community.

Got a great idea about fast free transactions that can save the banking planet? Great! Why isn't everyone using it? Who cares if you upgraded the blockchain? Not anyone who doesn't own your coin! That's who.

Who out 'there' knows you exist? No one. That's who. Why? Because if they have not heard of Bitcoin, they also have not heard of Bitcointalk or CryptoTwitter. So, how are they going to choose you over Visa, smarty?

That is the frustration here. These crypto project leaders are geniuses. They are so much smarter than the rest of us. But, they really cannot answer anything about what brings value to their coins, so therefore they do not know how to translate this to market. Want to tokenize Bit torrent? Great. It's almost worth nothing. Millions and millions of dollars of nothing. Want to put a picture of a dog on a fake token? Great! Here's 2 billion dollars for you to do nothing with, because the only value you bring to the crypto world is the preservation of an old meme. As long as people like dogs, people will be dumb enough to buy your coin. And, I support this! Buy it if you like it! But, if you tell 1 million people about Doge, it will probably not change the market price at all. It will go up, come right back down, and it will get pushed around by the big bully Bitcoin.

Don't believe me? Show me where 2 billion dollars of volume in Doge has grown the value of Doge? It is a bad economic model, and until it is improved, people are just spending to spend.

One of the most successful crypto projects ever is ETH. In truth, once it continued beyond ETC and those issues, it should have overtaken Bitcoin.

Why didn't it? It isn't designed to.

ETH is designed to bring value and technology for other coins and smart contracts that truly can revolutionize finance forever.

It probably won't, but models of ETH will be utilized by evil corporations and that will change a lot of things for sure. So, it actually proves my point that no one in crypto knows money, purely by the fact that one of the most expensive coins in crypto, is not designed to pump, but it does exactly in a positive and negative correlation to Bitcoin, because that is where people place their faith in coins.

The models are not designed for economics.

Secondly, those who do think they get it, base their ideas on closed market systems. I don't wish to get political, but it is telling the truth to say the better parts of capitalism are not modeled in crypto. They can be. To an extent they are exploited for this use, but overall, crypto needs a marketing and promotion plan, and everyone is so focused on the code and hodling, they forgot to tell anyone it exists.

True mass adoption comes from telling all of the other investors that they need to get over here in crypto land and trade this stuff. Therefore, for mass adoption, exchanges need the fear of God placed in them to be honest, have stellar (not XLM) security, fair protection of our KYC data we never should have to share, and to work their body parts off to give us amazing liquidity. Nothing less should be expected from a $200 Billion industry. But, thus far, it sucks worse than anything ever, and people get burned over and over. And, stop blaming the victims already; it sounds ignorant and I'll tell you why soon.

In the crypto news; Bitcoin went up on the great news that "x" is going to start using Bitcoin for payments.

Not true.

In the crypto news; Bitcoin went down because the President of "fill in the blank country" said there was going to be sweeping legislation.

Again, not true.

Crypto goes up and down because speculators who have large sums of money pump and dump crypto on the exchanges. I have yet to find a single example in crypto news, where an event happened first, that then caused the price of crypto to change after. There is intentional shill news when a group pumps a coin, and there is grasping at straws to find a correlation to price and events. It doesn't exist.

Now, a fair counter-point. When something is truly drastic, it does sometimes cause small adjustments in crypto. If something truly significant happens with semi-conductors or oil, for instance, sometimes people exit out of industry value to buy into crypto, let it sit, then wait for the dust to settle and buy back in. But guess what, hardly anyone ever reports that.

So, no points for you.

People look for reasons for the things they cannot understand. But, the news does an awful job representing this in crypto. There simply aren't enough people trained how to think in this world. It is, again, true. We have all spun information that later turned out to be bull in a bear market, and we should all learn from that and stop it! News follows pumps and dumps as a desperate way to try to explain how something everyone believes in could possibly be so fragile and so susceptible to manipulation. Learn to accept it now, or the regulators are happy to change it for you later.

Better news? That can make a difference.

Not you keys, not your coins.

Sure, it is sort of true. But, there is a blame-the-victim mentality adjoined that I strongly take issue with. I will cover that part in the next topic but you are already angry at me for disagreeing. So, let me make my point that will fall on your deaf ears, but maybe it plants a seed and you get it later on. Most likely not.

You think that you can buy Bitcoin and store it safely on your private wallet where only you know the way to get in. That makes you a true crypto idealist. But, did you use open source to code your own wallet where you store your coins? Almost no one does.

So, you are using one of the freely available wallets? What if THEY are a scam? Why are you better than a person who trusts a wallet on an exchange because you wrote your keys down?

There can essentially be zero difference between the team who makes a wallet (and, by the way supports the project through donated coins and also running advertisements, paid swap options and other features) and the team that places themselves at serious legislative and legal scrutiny by coding an exchange.

Listen, I DO get it. But, one of the smartest, safest things a person can do with their crypto, is trade it for very low fees, into other very valuable crypto, using changes in the market to build their wealth.

If you buy a coin and let it sit in a private wallet, you trust that code with your wealth, and you earn zero interest in the process of doing so. A favorite quote to me comes from the show West Wing, which I don't always join in the political perspective, but I love great writing and acting. The President shows disdain for James Bond, because he is ordering a weak martini and he is being snippety about it. It is a great moment in script writing."Shaken, not stirred" is the equivalent strength of the argument "not your keys, not your coins" and I'm sick of hearing it.

It is great advice for every crypto novice. But, it is like blaming the victim in every other use case. If you link your private wallet up to a DEX and trade coins with someone else, and there is a time-out, an error, someone's machine gives enough data to start confirmations but the price changes dramatically and you wish you could reverse the decision, or they are basing their market choice on a position that has timed out and they didn't notice, these are very challenging technical things that can go wrong. You screw that up, who are you supposed to blame? The other party no one knows, and no one could ever track down for you, because the whole thing was anonymous and immutable you freak? No, that is not possible. It isn't going to help you! Plus, did it take forever? Probably. Is there any tech support if you screw it up? No. Sorry, you are now a victim of the crypto dark ages also known as DEX.

So, you need volume and liquidity and want the very best exchange for your needs. You barely get started and run into a tech issue and get help, and it is wonderful. You trade for 2 months and then they steal your funds without any warning. Yeah, I'm talking about ZJ of FCoin and sadly basically no one has even the smallest clue what is actually happening. It is a tragedy of crypto. There are people who did the right thing; believed in crypto, and they got punished for it by getting robbed. Some people are scared to tell their families. Some people have lost everything. No one seems to even know or care. There should be go fund me projects to helps us, the victims of FCoin.

But, guess what is said instead, like some brilliant parrot that got access to your fiat: "not your keys, not your coins". What an incredibly stupid thing to say. Who says that if you have the keys, there isn't a bug or a virus on the wallet code? If that does happen, would you like all centralized exchange users to blame you for not having technical support?

Sure, blockchain works. Crypto works.

But, you are not better than any other person because you are choosing code spit out by a stranger, that works when you test it. You can get messed over by a wallet just as easily as Justin Sun could go to jail for being an idiot. I could get taken by an exchange by real people with real credentials. Anyone can do anything bad to anyone at any time. Does that make you a fool if you are one of those victims? I know a LOT about crypto. I have some funds that were taken that I may never get back. I did my research and still got burned. I hope it never happens again. It is a terrible feeling. No one offers consolation. They just said "blah blah blah not your keys, not your coins" like an evil parrot that doesn't understand the words, but likes the way they sound.

Now, here is the kicker. I actually agree. Not my keys, not my coins.

But, I am an incredibly gifted day trader. I do not believe that DEX will be friendly to my talents for a year, 2 years, maybe even 3, and likely never. I also believe that all private wallets will require KYC, as will all platforms to and from crypto. If you got in early, and have a lot, and hold it a long time, you are among the few thousands most likely to get your coins out of harm's way into reliable, good ole' fiat; you know, that stuff you hate so much.

But, we can all hope it really does not come to that. If the crypto-apocalypse doesn't happen, it will only be because the evil banks and wealthy elite get more from manipulating the crypto markets than by stomping them out. Pure fear and greed are the only true protectorate of our crypto; not keys, not DEX, but wealthy greed afraid of missing out.

The real keys to crypto are the mortal enemies of crypto.

Never leave your coins on an exchange.

Okay, and never leave your money in the bank, and never own a credit card, and never buy gas at a gas station. Now you are safe, but lonely, starving and need a ride from someone.

Again, this is one of the most idiotic things anyone can say. But, I agree.

The problem is there are no better options.

If smart contracts were used to place buy and sell limit orders ON the blockchain, which are fulfilled when a price mark is reached, then problem solved. I buy 1 ETH, place a contract to sell it at 1% more than I bought it, and I go about my day until the one hour or day when I get a notice that my smart contract fulfilled and it all happened on chain, and it cost less than 1 penny. Sounds perfect. I'll do that 3 trillion times per day if I can. But, I can't.


Because the whole crypto world is modeled on everything that is wrong with the other financial world. Remember my gripe about economics?

The exchanges are the casinos and people fall for glitter and shiny crap, while ignoring the true value of limit buys and sells only with what they can afford.

I would prefer undeniable security of funds over owning the responsibility of my own keys, if I am going to try to build my wealth with a few thousands trades into millions of dollars.

Can you imagine the day you turn your initial Bitcoin into $1 Million, and you can't find your freakin' private key? You think that can't happen to the very best example of a crypto lover?

You remember the day a few months back where CryptoTwitter lit up because a mandatory upgrade of a hardware wallet screwed up everyone's balances for the lucky ones, and gave zero access to everyone else? Yeah, it got fixed. But, it could have gone the other way, and probably will some day. Should they be able to roll back blockchain, or should it be immutable? Did you ever even think about it until now, or just churn out the same talking points as everyone else? I really want to know.

If you are a scalper, a day trader, you represent the most ideal user of crypto. The only higher ideal is to make a better coin.

If you do not leave funds on an exchange, it means you risk larger profit margins than anyone can be accurate with, and you should not trade at all. Why? Because it costs money to withdraw funds, and you are suggesting that every single time a person makes a successful trade, they should move that, or some of that, back to their private wallet. Why? So, they can never grow enough wealth to validate the time and accuracy it takes to be right in crypto? Again, that is just ignorant, it truly is.

That is great advice for whales who do NOT need any of our advice.

They are doing just fine. For the rest of us, DEX is crap with a lofty idea, and central exchanges are the Anti-Christ but they can improve.

We all have a better chance with safe, smart, massively liquid central exchanges than we do with our own private wallets (who cannot support you when you screw up, and the coders could be just as wicked as those who run exchanges, and who also will require KYC the split second the government requires it).

I hate that being the case, but it is true. The only way to avoid these issues and stay private in your wallets, your keys, is to use swap exchanges that do not require you to sign up, and take advantage of moments in the market. They are extremely high risk, and for the time of the transaction, they are centralized. There will be fewer of these options if regulation does what I think, but exchanges are catching on to the desire to swap, and offering more services like this. But, it is a good option for the idealist who doesn't understand money but wants to take good advice. If something goes wrong in a swap, there is limited tech support, which is better than no support when you need it the most. You can go from private wallet to private wallet and get a trade done. You just have to be right the entire length of the transaction, which can be 5 minutes or 5 hours. Your risk, sometimes backed up by a locked guaranteed value by... a central 3rd party!!!

No one can take your coins if you keep them in cold storage, safe hardware, safe software and remember your codes or keys.

Not true. I want it to be true, but if you wake up tomorrow, and your wallet will not allow access to your funds until you fill out KYC, tough tooties.

If you drop your hardware wallet cold storage ideal plastic stick dongle, you are going to feel incredibly stupid if it breaks and you can't get your 20 BTC. Maybe there is insurance and issuance to get you access to your funds via the company, via software etc. Probably so.

But, listen carefully, that means you trusted a 3rd party to make your storage device, and you are trusting them to help you recover it. ARGH! People get me so riled up not understanding this. We are all on the journey, and in the same boat. You have your ideals, I have mine. But, we are all trying to make it in crypto, and so few people know how to think for themselves it is laughable, except it should lead us to more tears. We all want crypto. We all need crypto to work. Stop pretending you know better than everyone else. We need better options.

Crypto is the only asset class of its kind that cannot be confiscated.

Sure it can. Why would you think that? If you are in a wallet, you can lose access to it if your country goes that direction, and the wallet provider is threatened to comply or go to jail.

You think these invisible parties are your friends? They aren't. Some examples I guarantee are kids in their parent's basement who threw some code together and people thought the UI was nice, and if they get in trouble and the folks take away their computer, you lose updates to your wallet. Prove to me I am wrong! You simply do not know! Now, you may heed this warning and go find out everything there is to know about xyz wallet and feel a little safer at night, but again, we are on the crypto journey together. Stop thinking nothing could ever break crypto. It can happen in a split second and there is nothing you can do about it. It probably won't happen that way, but until people start realizing we are in the same risky endeavor, this crypto thing won't remain in our hands for long. Ask anyone in China how easy it is to lose the rights to their crypto.

Crypto will end fiat and central banks.

Okay, and if so, there is also no longer any value in crypto.

You think Amazon is going to pay all of their employees in TRX? You're nuts.

You think that Bitcoin is more stable the the dollar? You're triple nuts with cheese, and you also really better be wrong.

For the 2000 people who are earning $1/month from platforms like this, there are billions of dollars invested in crypto that came from fiat. A lot of that is going right back into the economy. When someone is really bad at trading and they lose all their crypto value, they don't come back. It isn't because they stopped hoping for crypto, but it is because they do not have enough left to give value to their fiat.

Fiat is king and likely will stomp crypto for a long time. If it does not, it is WORSE news for crypto than it is good.

If fiat goes away, it means China's coin will be top billing, followed either by Russia or the U.S. Now everyone can track everything everywhere all the time. Welcome to the technocracy nightmare likely to come eventually.

Is that what you wanted, or did you prefer Doge? Yeah, me too. So, stop thinking that buying crypto is robbing the banks and eventually you will stick it to evil rich people.

Who do you think the whales are?

You think the only people with more Bitcoin than you are the first year miners? No way! You think that institutions are letting brokers trade billions of dollars of crypto, so much so that now banks are investing in their own blockchains, because they are going to empty their funds out of the unFederal noReserve? It does not work that way.

If you tell a friend about Bitcoin tomorrow, and they like it, and want to buy some, in 90% of the examples out there, they will get a referral link to Coinbase, get turned down 3 times before their bank lets them link their account, run the risk of maybe getting their account seized and maybe get it cleared up, but they will buy their first fraction of Bitcoin, and they will do it with credit backed by fiat, or digital ledger backed by fiat.

If there is no value left in the fiat, then it would cost 3000 Bitcoins for a pair of shoes, and I am not kidding. Again, if you don't understand economics, stop being so pious about your crypto rules and learn why all of this stuff matters. I want everyone in crypto to succeed who isn't trying to scam someone else. I don't care if we vastly differ on what coins are good and which ones I would never touch because I dislike the slimy ideals they represent. But, I believe we all should be able to make that decision. If crypto succeeds in trampling fiat, say goodbye to all control and wealth that exists, and be proud you contributed to the fall of man.

Bitcoin mining is killing the planet.

Bitcoin mining is not energy efficient. But, the solutions are incredibly easy and most coins will resolve this with increasing efficiency. The real question is whether anyone can bring a better formula to mining, because faucets and cloud mining are not helping at all. Bitcoin is inefficient, but if you compare a Bitcoin farm to Las Vegas, I think we have bigger problems. And, energy use itself can become much more efficient. So, I don't take on the premise that Bitcoin is to blame for climate change.

Perhaps it makes more sense to revolutionize the creation of energy than to blame the use of it.

Bitcoin mining is not killing the planet.

That isn't really the case either. It needs a better model, and so does the generation of electricity. This is a problem that miners are not in the right category to fix. Unless code can reduce energy use, which it can, it doesn't lower the requirements of the gpu's required.

In fact, you are better off stressing out NVidia or whoever makes the stuff needed... what ASIC or you know, whatever. Not my area of expertise. But, that is exactly the point. Bitcoin is the biggest. Bitcoin is the greatest. But oh oh oh.... it's blowing up the cosmos get the SJW police involved.

Make a better mouse trap.

Improve the wheel, but keep the wheel in the format. It works, it just needs to work better. It isn't killing the planet, but it could sure do a better job.

Efficiency is always better innovation.

There will be a single cryptocurrency that wins out above all others, and the entire world will be using that in the year 2340.

Who says crypto makes it to 2045, let alone 2340? The level of idealism behind this thinking goes so far beyond any measurable model, my real hope here is for people to look at the short term, a little history, and make logical assumptions.

Governments are not going to leave crypto alone.

Exchanges are going to get as much money out of us as they possibly can.

They will lend, liquidate, and put as many shiny contests up for you to get distracted by as it is possible.

DEX will slow things down, bog down the chains, and in the end improve trading by almost no degree.

People will hodl when they should trade until something like Libra or a few steps further puts the pressure on governments to say "halt!" Then, they will do the same thing that all of the other coins should have done: they will mandate what could have been resolved through good marketing.

If there are national stablecoins issued, there is an even chance they either can, or are required, to be used for trading, or they won't If we use independent stablecoins, they will now be competing with the real government issues, and the past has made one believe they will force exchanges to stop allowing trading in that format, either by replacing it with the real government coins, or shutting down trading all together.

If any of this happens, it will not be legal to own privately stored coins. It just won't. It has been done with fiat, it has been done with gold, and it won't be any different in crypto. But, perhaps we have years. Perhaps we even have decades. The best thing that can happen to crypto is that governments realize they get more for their greed IN crypto, then they get fighting against it.

But, tell me a time when governments made the right choice on such an option. I can't think of one either.

Eventually, I do think there will be a global standard, and if it is not digital and on the internet, it will be in some other mass-shared format. Perhaps it will be issued in every smart phone or whatever device replaces them? Who knows. In a very, very long time, there will likely be a global governance with a single issued credit of some sort and perhaps localized ways for it to be distributed from country to country. But, trust me, in 2340 that central currency is not going to be Bitcoin and it won't be Doge. It will be at a much higher level of management.

There will be 70,000 different cryptocurrencies in the year 2340 and each one will serve it's purpose.

That is equally unlikely. If the given path of ICO to IEO and whatever EIEIO comes next, crypto is going to get upstaged by something else. Be it ten years or 200, eventually this experiment in currency will take a new course and it will probably not be for the better. It is not often that freedom wins over tyranny, and it is said that anyone who chooses security over freedom deserves neither. Is this an exception? I don't think so.

There is a reason in economics, that we tend to end up with Coke or Pepsi, Ford or Chevy, Facebook or Twitter, Mac or PC. There are always other options. You know, the Linux option, the Plymouth option etc. But, the top competitors always tend to rise to the top, and crypto will be the same. Pumps and dumps will circulate the thousands of other coins out there, but the best of each category will win out over choice; plain and simple.

People want clarity, and they do not find it with Bitcoin Black, Bitcoin Cr...Cash, Bitcoin notSatoshi's Vision, Bitcoin Gold, Bitcoin Diamond, Bitcoin Blueintheface with fake Bitcoins. Bitcoin is the only Bitcoin.

The others are options, but none of them are the same and none are better.

At the end of the day, until another monster like ETH comes along, crypto means Bitcoin, and there will be options perhaps like ADA or NANO, TRX or XRP who knows, that do better than others at one thing. But, the losers will eventually fade.

Anything that sounds angry or bitter, I hope is taken with a measure of genuine interest. I love the potential of this industry. I wish I were entering with a great amount of wealth, so I could take even larger advantage of my ability to trade with nearly zero error. But, my only true hope in crypto wealth is to be allowed to trade my crypto on a legitimate exchange with almost no fees and generous volume.

That is an area that needs much better options, and some of the more affordable options need to reside somewhere outside of Asia.

Diverse spread of income potential needs to protect the future of crypto. Let us self govern the industry and not be taken advantage of. Then, crypto can reach mass adoption through volume, value growth, good news and use at market.

End manifesto. Please share this and get the word out. We can grow crypto into a massive new sector for wealth and use that wealth to help improve and shape the world. To so do, it requires each of us, yes each of you, to grow up a little and let go of some of these mantras that have gotten us nowhere grand in a decade.

We can all do better.

Not your keys, are your keys, DEX or centralized, hot wallet cold wallet, hardware wallet, we all want a better world through crypto.

So, let's all help that happen.

Gordon Freeman Out.


Hi! I'm Gordon Freeman (I hear they made a likeness of me in some video game... totally unrelated... or...).


Welcome! This is my blog for all things crypto, from my day trading and tutorials to general crypto news.

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