''It was the best of times, it was the worst of times, it was the age of wisdom, it was the age of foolishness, it was the epoch of belief, it was the epoch of incredulity, it was the season of Light, it was the season of Darkness, it was the spring of hope, it was the winter of despair, we had everything before us, we had nothing before us, we were all going direct to Heaven, we were all going direct the other way .'' (Charles Dickens)
1.1 Crypto Lab is a decentralised autonomous organisation. Our mission is to empower the individual in society through media publication, research and development, and investment in technology. We are focused on technology which will broaden the human horizon, promote sustainable development, the descaling and deregulation of international borders, and anything that will contribute to the human endeavour. Our research interests and investments are focused on internet privacy, decentralised currency, de-censorship, individual autonomy and self governance, drone technology, and crypto investment. We will be releasing a series of articles on those subjects beginning with some ICO reviews, crypto investment strategies and crypto mining guides.
1.2 Historically, ideas, world views and paradigms have been determined by economic factors and political ideologies. The Crypto Lab foundation seeks to break down these barriers. We wish to see the emergence of a stable deflatory currency which can be used across international borders, privately, anonymously and without the need for any government or central bank. In global history, a fleet currency (a currency which is not pegged to physical assets e.g. the US Dollar), has an average lifespan of 36 years. It is usually liquidated or scrapped due to political and economic factors including hyper inflation. The de-facto bench mark for the USD is based on the productivity of all of the taxpayers in the economy. In recent months we have seen the emergence of asset backed crypto currencies such as Tether, pegged to the USD with a reserve, or Gold Ingot Coin pegged to both Gold and Bitcoin. These currencies are known as 'non fleet crypto currencies'. While more stable than a fleet currency and decentralised, they are not backed by high growth assets. An asset backed currency utilising a decentralised distributed public ledger may solve the problems associated with both traditional and fleet cryptocurrency.
1.3 The need for a new form of currency is thus demonstrated. In recent years we have seen the near collapse of the European Union, The Royal Bank of Scotland and the complete collapse of institutions such as Northern Rock. The situation in Greece and Cyprus was at one point so desperate, that ordinary people were left unable to make ATM withdrawals. The government in Greece was appropriated by the European Central Bank and austerity measures imposed which effected the economic and psychological well being of millions of people for many years. We have seen hyper inflation in Venezuela as a consequence of political factors and more recently, the devaluation of the Great British Pound in the wake of Brexit. Most people hold currency as a means of exchange for goods and services and not as an asset or part of an Investment portfolio. For example, instead of simply exchanging coffee for sugar, we use currency as a token representing an exchange asset. When a currency is subject to devaluation, fluctuation and inflation to the point it becomes better to simply exchange sugar for coffee: Fiat currency is not working in the interest of the consumer. International travel is becoming more affordable to the many yet border controls are becoming increasingly stringent. We have seen a massive influx of refugees from Syria in to Europe. People need a way of storing and moving currency across international borders; Without loosing value in exchange or devaluation.
We will shortly be releasing a series of articles on the subjects touched on here. Please follow us on our journey and help us to realise our goals
Great stuff. Waiting for more