The 4-D Chess Game

Hello all! Welcome back once again to a blog of my current thoughts on cryptocurrency and everything related to it. The last post I published gave a bit of "hopium" and why I felt this cryptocurrency bear market was nothing to be afraid of, but for this post, I wanted to focus on something near and dear to my heart. Now hopefully, I don't end up dead or sued as a result of speaking about this topic, but it's something I really wanted to get off my chest.

THE BANKS ARE PLAYING YOU.

Yes, I know it's going into conspiracy theory land, but hear me out. There are a few things I wanted to point out to you, and I hope that by the end of the post, you will agree with me too. Cryptocurrency (the individual tokens used on top of a network) is actually a sister technology to what they call blockchain. If you didn't know this already, you can actually have a blockchain without a cryptocurrency. All blockchain is, is a digital database that records transactions...or really, any kind of info you want. It keeps a whole bunch of copies of those records across all the devices connected to and participating in that blockchain network. Cryptocurrencies on the other hand, are financial. Just like dollars or euros, they are used a form of money to help people in the exchange goods and services. Now blockchain (a record of transactions) + cryptocurrency (a form of money) together is what eliminates the need for any bank to be alive. This is especially true if the blockchain is public and the cryptocurrency is not controlled by any one person or organization. Banks hate this thing and do governments do too, but that will be covered in another post. I simply wanted to give you the back-drop of the main reason why banks don’t want you to use this new technology. However, here is the funny thing - they want to get in and invest in it before you do.

Good For Me, But Not For Thee

If you take a look at what banks have to say about cryptocurrency, it’s nothing nice (especially JPMorgan/Chase Bank!) In fact, Chase Bank’s CEO Jamie Dimon, recently testified in front of U.S. Congress calling cryptocurrencies a scam and Ponzi scheme; both of which are very bad things. If you’ve missed some of them, here are a few more negative views on cryptocurrency that have come out from other traditional banks.

• HSBC Bank has made public statements they aren't sure about the long-term value of cryptocurrencies and have no plan on even touching them.
• Chase, Bank of America, Capital One and Citigroup have taken public action to ban people from using their credit cards to buy cryptocurrency.
• The European Central Bank has publicly said Bitcoin is not safe for the world economy and is eventually going to be worthless.
• Goldman Sachs has publicly said they didn’t consider bitcoin a real asset and wonder why any rational person would invest in it.
• Credit Suisse has publicly said they dislike bitcoin and don't consider cryptocurrencies real assets that banks will ever take seriously.

And trust me, the list goes on. Which is all well and good because if you really look at cryptocurrency, the price is too volatile and all-over-the-place as they say. There really are a lot of coins that are scams, as they say. Crypto does have the power to break our current financial system, as they say. It is hard to predict what coins will survive and be around in another 10 years, as they say. But you know what? And here is what burns me up the most: the things they are going out and doing behind our backs while they tell the public (you and me) all this.

• HBSC Bank has filed trademark applications with the U.S. Patents and Trademark Office to use their logo and name on products and services that handle cryptocurrency.
• JPMorgan/Chase has filed trademark applications with the U.S. Patents and Trademark Office to use their logo and name on a digital wallet that holds and stores cryptocurrency.
• Fidelity Investments has filed trademarks with the U.S. Patents and Trademark Office to use their logo and name in the metaverse (digital world) to offer crypto trading, crypto investments, and an NFT marketplace.
• Bank Of America has filed trademark applications with the U.S. Patents and Trademark Office for the idea of a system that does wire transfers across the world using cryptocurrencies.
•  Fidelity Investments and and Charles Schwab Investments actually came together to team up and create a cryptocurrency trading platform that has just opened up to the public.
• BNY Mellon (U.S.'s oldest bank) has started holding cryptocurrency for their "big name" clients. And when asked why they did it, they answered because their institutional clients (companies) want it.
• Goldman Sachs is ready to spend millions of dollars buying up cryptocurrency companies that have been hurt because of the bear market and the recent FTX exchange collapse.

And trust me, the list goes on. Now doesn't it seem kind of fishy? Doesn't it seem like there's a bigger game going on? Well, that's because there is! It's a brilliant game of 4-D chess. While banks and other financial institutions are telling you and me the public, that cryptocurrencies are bad, their actions are telling everyone else they want to get into cryptocurrencies. They are literally lying to our faces! And people believe it! What these banks and financial companies really want, is for normal people like us to think cryptocurrencies have no value or are too dangerous to handle. Then, once they create all the things they need to control cryptocurrency and give their rich clients the opportunity to invest in them FIRST....THEN they will tell the general public that cryptocurrencies are okay. Then they will say its okay to invest in them, so we the general public can put all our money in and make the wealthy people who invested first, even richer.

It is insane and absolutely boggles the mind what kind of game they are playing with us now. Financially, cryptocurrency is an opportunity for regular people like you and me to take back money and power from these banks and financial institutions that have been robbing us for decades. I would gladly get into that, but I will leave it for another post. What I'm trying to say is, don't let them fool you. Don't be scared of cryptocurrency. Do your own research or ask the knowledgeable and trusted people around you what it is and how to use it. The banks are telling you cryptocurrency is bad but are scrambling behind your backs to get their grubby hands into it. Don't let them win. Don't let them rob you with your eyes open. Please, don't let them checkmate you in this game of 4D Chess.

*As I'm very passionate about this topic, in the future, based on interest, I may make a part 2 and 3 talking about why governments don't want you to get into cryptocurrency, how banks and governments work really closely together, and how things like FTX and the Terra-Luna collapse might actually be a part of it. If there's anything you want to ask or suggest, please feel free to comment below!