A few weeks back I was reading about market manipulation on a basic-bitch Investopedia page. I forget why I was doing it, but almost certainly something to do with my fascination revolving around cryptocurrency and the law.
The more I learn about cryptocurrency and the law in tandem, the more I realize they are completely incompatible, especially in the long term. This should be obvious given the definition of what "law" actually means, but even with this information: the light research I've done on these topics baffles the mind.
What does "LAW" imply?
Quite simply the rule of law heavily implies the existence of a sovereign centralized government that controls some other non-sovereign entity. At the core of law is a heavy implication that imperialism and control are a requirement, especially during this modern age.
Once we realize that crypto is self-sovereign and digital, it becomes quite obvious that the laws of government do not apply to it. Like: at all. Thus there is a tug-of-war going on with the regulators and crypto. While crypto is completely uncontrollable and digital/borderless in nature: people are not. Regulators do everything they can to capture the bottlenecks of the industry (crypto banks aka exchanges) and force people to act a certain way. After all: people are not digital (yet... as far as I know).
It's a sad state of affairs when an outdated governance model that involves Boomers (who should be retired) controlling everything we do. Not to mention this rulership is largely no longer consented to and basically revolves around the threat of violence and imprisonment. But that's a topic for another post that I've probably already written by now.
https://www.investopedia.com/terms/m/manipulation.asp
So I was reading about market manipulation and found some interesting tidbits.
Market manipulation is conduct designed to deceive investors by controlling or artificially affecting the price of securities. Manipulation is illegal in most cases, but it can be difficult for regulators and other authorities to detect and prove.
Simply the base definition is noteworthy.
Right off the bat it is admitted that it's easy to break the law and get away with it. This points to the concept that white collar crime is often worth the risk (especially if we strip the morality argument away). In fact, once we get to the top of the pyramid and look at high-level banking crimes: the fine is almost always lower than the profit of the crime. Talk about legal for a price. It's the ultimate pyramid scheme. Crime is profitable even when caught within these circumstances. It becomes absurdly profitable when undetected.
The pump-and-dump is a market manipulation often used to artificially inflate the price of a microcap stock before selling it.
Ah yes the classic pump and dump.
Quite impossible to be involved in crypto for any amount of time without hearing this phrase. It can be accomplished in a variety of ways, including spoofing the order books with fake buy walls or spreading false rumors to big high-risk investors (degens).
Less common is the inverse poop-and-scoop scheme, in which false derogatory statements are made about a stock in order to buy it on the cheap.
Wait hold on the actual name for a dump and pump is truly referred to as a poop and scoop? Wow how have I never heard this one before? My crypto vocabulary has just leveled up.
But then I scrolled down to this gem.
And what a ruby it was. Add it to the long list of reasons why under no circumstances are governments allowed to refer to cryptocurrencies legally as currency (even though they obviously are just that). Why? Because it breaks all the laws and makes them irrelevant!
If you'll recall...
You can't be sued for financial advice unless the thing being shilled is a security. You can't be convicted of insider trading unless the thing you're trading is a security (although I'm sure there some noteworthy exceptions like silver and other commodities).
Currency manipulation is a political term rather than a legal one because foreign exchange policies are set by sovereign countries. Currencies are fixed or allowed to float for a variety of internal and external motives, while currency manipulation claims are almost always the result of dissatisfaction with trade flows. As a result, whether a currency manipulation is taking place or not is often a subjective judgement.
And now we see that market manipulation itself is literally impossible when the asset in question is a currency.
What an insane revelation! This is the power of sovereignty. When an entity rules itself another entity can not tell it they are breaking the law. Such action requires imperialism and subjugation at the core. And as we all know crypto (combined with decentralization) is designed to be self-sovereign. Thus crypto manipulation is impossible on a legal level. Well... not yet, but it will be.
It's only a matter of time.
The value of crypto and self-sovereignty within this broken world of lies is simply too great. Crypto city-states will rise. Cryptocurrency will be legally currency within the next decade. It will be impossible to manipulate. It will be impossible to insider trade. It will be impossible to sue people for "financial advice". The city-state itself will be self-sovereign. And thus it's pretty obvious that war will follow, because imperialists are going to be damned if they let this all happen without reacting to it.
But it will be an unprofitable endeavor.
We've already gotten a taste of what it's like when vulture imperialists try to dominate our network. Not only is it madly unprofitable for the attacking party, there is even a good chance it will end up profitable for the community being attacked (which is insane when you really think about it). It's a complete paradigm shift from the parasitical worldwide empire model that we know and love.
If a crypto city-state is built in such a way that can repel invasion on a political level, then it's simply all over for the war-mongers. Yes, strong militaries will easily be able to overpower a sovereign city-state, but will they actually be able to profit from this action?
First off, the optics on such an invasion are going to look absolutely abysmal for the attackers, no matter how the propaganda machine tries to spin it. It will look very bad, and it will be very public and in-your-face. There's not going to be a whole lot of poor people living in a crypto city state. These people are going to have money, power, and they're going to be fucking pissed. That's not a good combination for the attacker unless they can siphon a lot of value into their own pocket: which they can't.
Why can't they?
Because like I said the politics of the city-state will be unassailable. How can you install a puppet government within the city-state if the city-state runs all elections with DPOS voting? It's not one person one vote. There are no paper or mail-in ballots. Everything is not only digital, but encrypted across the board. Good luck trying to hack it with rigged elections and puppet politicians. The old rule-by-force toolkit will be completely antiquated and neutered.
Okay, so you can't usurp the political machine, but what about the economy itself?
Maybe the city-state has a resource that the attackers want, but again how will they steal that resource if the resource is decentralized? We go into the middle east and station our soldiers at oil fields, this is how they are accustomed to stealing resources. It's simple, it's easy, it's centralized. It's a good strategy.
But what if the city-state has decentralized factories in play with parts being manufactured all over the city? What if food is being grown and harvested at dozens of locations? How do you capture something like that and still maintain profitability? Short answer is that you can't.
The cost of soldiers it would take to garrison a crypto city-state that operated in this way would be magnitudes greater than the value of the entire city-state. And thus war becomes totally unprofitable (and perhaps even valuable to the victims, who now hate the attackers with every fiber of their being). In short: crypto and decentralization can completely kill the profitability of an empire. Balkanization is at hand.
Conclusion
What a wild ride! How on Earth did we go from boring legalities to full on all-or-nothing warfare? The answer is simple: sovereignty. You know you doesn't like sovereignty? The empire. You know what provides sovereignty? Borderless decentralized digital assets. This is obvious and apparent even from the most cursory research into the law itself that governs us.
This clash of the titans is far from over I assure you. The regulators are just warming up. In fact the regulators are only the first line of defense. Military action can and will be taken against materialization of crypto in the physical world. This is bound to happen; probably sooner than we imagine.
Still, it's going to be a very weird war. Many would like to see a peaceful resolution. Simply allowing crypto to win in the end can be beneficial to all parties involved in the long run (including the powers that shouldn't be). At a certain point there will be no reason to fight it. Perhaps that's when the Age of Aquarius truly begins.
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The reality is that each individual human is self sovereign and this is natural law, the basis of reality. This is a free will planet and being subjugated under the weight of lies we were born into about the nature of sovereignty and that only nations or even 'royals' are sovereign - is extremely destructive. Thankfully, individuals only need realise this and start to come into alignment with their own true nature as a sovereign individual - acting within integrity - and they will find that doors open and opportunities are provided which they had previously believed to be impossible or extremely difficult.
The nature of reality itself is far more powerful than any human made rules - we have just been carefully misled by pure evil incarnate for centuries.
To some extent, the anarcho principles are very much part of the basis of free will and I will go as far as to say actually divine - depending on how they are utilised.
Various crypto projects were designed with all this in mind and in many ways, the crypto landscape is a way for us to play out 'the final battle of good and evil' in a digital/inforamtion setting, without many people being killed. Of course, crypto can't allow for every issue to surface and every ultimate truth to be proven, but it allows it sufficiently that many people will be moved to change their views and lives in response. Gradually, this will allow for a wider evolution in thinking and societal structures.
While this is all exciting, at the same time it is extremely sad to realise that all of this will only take us to a state of being that is really the neutral starting point for evolution. In truth, humans have been in states of relative devolution for a very long time - we are heading to a 'great reset' but not the one that the WEF is planning. They will get their version too - but will be massively outlived and outmanouvered by those channelling their natural energy and life plan.
right on cue, a devolving human with nothing real or intelligent to say. thankyou for the example.
Hmmn never heard of that.
Lol so you mean after regional bans they will even do more? Like stop and search people at random? Lol. Should be fun to see…or maybe not
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It's almost guaranteed that flailing powers all over the globe will do everything they can to maintain their power. The friction in some parts of the world will be red hot and overwhelming.
Age of Aquarius. This is my first time hearing this, thanks for that.
If cryptocurrency finally rules the world, it will give humans absolute sovereignty over their assets. This post was educative.
Market manipulation, cycles repeating themselves... I think we've seen these patterns over and over again. Just need to understand them and act accordingly on the market, just to be able to take the risk.
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Blink twice if you read the post.
😅
In theory this is achievable--a decentralised crypto city-state but the cost is heavy and almost unattainable in our current terrain, but that's the prize to pay for freedom at this point. So it begs the question is: are the people ready? It is certainly going to be a game of numbers and if there are not enough foot soldiers (believers) to fight and protect their sovereignty then we will never get to the level where crypto is equal or above the law(government).
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What will be truly interesting which is something I never seem to talk about are the tendrils of such a community reaching out into legacy cities. So many community members will be outside the city-state walls in regular towns and such. This makes the community as a whole much harder to attack as well... in fact it makes the military force allocated to domination at risk of being surrounded on all sides in the craziest of scenarios.
I do not understand why the owners of the communications infrastructure will provide access to it to cryptocurrencies in order to facilitate their defeat in a contest to control money. It is obvious that censorship is trivially available to them. Absent communications infrastructure owned and in the possession of cryptocurrencies themselves, all cryptocurrencies are dependent on commercial availability of communications infrastructure owned by corporations that are effecting the global economic reset. I am unaware of any reason they would have to allow cryptocurrencies to be transacted on their infrastructure.
Can you suggest some I may be unaware of?
Thanks!
So within the context of a crypto city-state built from the ground up: you can't use the Internet without getting permission from Comcast? And in this Scenario, said city-state has also been cutoff by Starlink or other satellite options? And in the face of this adversity the entire community just rolls over and dies like a little bitch with zero resistance? Yeah sorry I'm not going to do thought experiments on events that will never happen; ones that completely ignore the chaos theory associated with such events and the political ramifications and all the little details that go with it.
Crypto is profitable.
It will be allowed because people are greedy and they are making money off of it.
Those who aren't making money off of it will fight, and they will lose.
The Luddites are never going to win. Ever.
Even if it was only allowed to exist within a single country that would be enough to tilt the scales and open the floodgates.
The fact that there will be a fight and it will be a struggle is irrelevant.
You give this movement zero credit in terms of its ability to react to a changing environment.
And yet it will probably evolve faster than anything we've ever seen.
Correct. Whoever provides your access to the internet sells it to you. It is public knowledge that the USG is conspiring with major social media corporations to censor speech. When CBDCs are issued and we are required by law to use them, as will happen, it is a simple matter to censor any communications on the internet that enable cryptocurrency transactions. The Restrict act provides for 20 years in prison for using a VPN to access sites deemed threats to national security, or some such blather.
If they want us using CBDCs, they're not going to provide the means to use other money.
Would you?
There are dozens of reasons why what you say is going to happen can't happen.
I count about a dozen of them in this video alone.
None of that matters. They're issuing CBDCs and gaining that control of our economic assets. Cryptocurrencies won't be allowed to enable people to escape CBDCs. @taskmaster4450 points out they have been working to achieve this for decades. They didn't stop working on this when BTC was created, and they're still working on it today. BTC is not a problem for them because they can just turn it off by censoring encrypted communications, or unencrypted BTC transactions. The Restrict Act makes it a crime with a sentence of 20 years to access sites that threaten national security using a VPN. When CBDCs are issued, cryptocurrencies will be threats to national security.
Without it's own network, BTC is just digital data that can be censored. You point out rich people are greedy and BTC is profitable, so they won't ban it. Well, gold was profitable back in the 1930s, and they banned it. CBDCs are more profitable to multi-billionaires, because unlike BTC or dollars, CBDCs can keep people off their beaches, and out of their parks. They can keep people from traveling, from buying good food, or investing. Billionaires don't want to share those things and if they let cash or cryptocurrencies persist, they have to keep sharing with plebs. That makes CBDCs a lot more valuable to them than BTC or dollars, and they're the people that run the world.
That's the bottom line.
CBDC is not real.
The restrict act applies to one country and is also not real yet.
What point will you argue next?
That people aren't going to do drugs because it's illegal and they could go to prison for twenty years?
This entire line of thinking is dead on arrival.
CBDCs are also dead on arrival.
Nobody wants them except for the dozen people that control it.
It is untested tech with zero consensus across the board.
Retail bankers don't want it.
Corporations don't want it.
Other countries will not accept it.
It's a hot pile of garbage with zero extra utility compared to what we have.
The infrastructure does not exist and no one has a reason to allow it to flourish.
In the magic fairytale scenario where I'm wrong on all counts it will be implemented a decade from now.
So why are we speculating about it now.
This is not a now problem.
So many worse things need to happen first to pave the way.
You are under the impression that demand for an asset can be eliminated with threats and violence. When has this ever been the case? Did the war on drugs make drugs more valuable or less? The demand for crypto can not go down from here. All that can be reduced is the supply via the outlets it flows though.
But again you just reiterate that supply will be reduced by 100% with draconian internet controls. I do not live in this alternate reality where the war on drugs and the war against pirating IP had a 100% success rate. And even if I did: who gives a fuck? Such information is completely useless. Playing chess against a grandmaster with the realization that you have a 100% chance of losing the game is not helpful in any way. The end result can not change, only how we get there.
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Interesting stuff.
Seems to me there might be another/secondary "war" in this landscape: the war of control vs greed. When I first ran across crypto I wondered whether there would be a great war between those who would want to control it (and possibly ban/restrict it by LAW) and those who'd want to usurp/exploit it for their own gain. Consider a world in which every large (and smaller) corporation has its own "crypto" and different branches of government even have their own "crypto."
IRS Coin, anyone?
Point being, the idea is totally usurped and "embraced" and a largely ignorant public wouldn't know (or care) about the difference between "crypto" and the actual decentralized ideal... which then runs the risk of still being little more than a "irritating footnote" in the world of laws and governments. Yet most people would be "in crypto," except not really.
Poop and Scoop. I love it!
To add to your assertions Edicted, the ability for citizens of such entities to donate to causes anonymously via micropayment lotteries will definitely increase their viability against a superior military force. I don't want to elaborate too much so as not to be seen promoting a certain activity, but you may get the point dear readers if you do the research.
sneaky
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