Find Freedom with Cryptos

06.09.2017 • Switzerland

Bill Bonner – Strategy and Council Letter (Switzerland) –

Lausanne, Switzerland …

So many events going on … and theories to make sense of it …

In particular, bitcoin gives the opportunity to scratch your head …

Bitcoin serves as currency … and its valuation, in terms of euros, has reached 63 billion …

Bitcoin is part of the asset class of crypto-currencies … and many currencies cryptos have reached valuations of hundreds of millions – or billions – euros, in the space of months …

Ethereum has a valuation of 26 billion euros … “Bitcoin Cash,” a variant bitcoin, valued at 7.8 billion …

Ripple has a valuation of 7.1 billion … and Litecoin is worth 3.5 billion euros …

To my knowledge, no asset class in history has created so much value in such a short time …

These cryptos are exchanged like money … through their “blockchains …”

A crypto does not pay dividends … and does not claim any interest in any property or business …

These cryptos serve as money … like euros … but without BCE and without state …

The euro, the dollar, or the yen have the support of a government … because citizens have to pay their taxes in state money …

Moreover, the ECB requires banks in Europe to name their accounts in euros … and to have reserves of euro bonds in their assets.

In addition, the Labor Code obliges employers to pay salaries to a bank account … which prohibits companies from paying wages in bitcoin, for example, since the bitcoin does not “stock” in the bank.

In short, the States favor the currencies of State by a panoply of regulations and laws … complicating the use of the bitcoin in the life of every day …

Yet, bitcoin continues to climb again and again … reaching today the 3,800 euros per piece …

A Meaning to Contemplate

At the moment, markets for cryptos explode … and, for many, a “bubble” is forming on the horizon …

As in 2013, the courses of the cryptos could have a fall …

However, the bitcoin – and the cryptos – will not disappear …

Bitcoin and his companions report a change in term … in the currencies – and in the money …

The cryptos were born thanks to innovations in computer science, dating from the early 2000s … as the expert Pierre Noizat explains in his book “Bitcoin Book.”

These advances in the field of cryptography have made it possible to secure the Internet thanks to encoding algorithms without possibility of “hacking.”

Bitcoin has applied these cryptography techniques to create a form of money on the internet without the possibility of influence or hacking.

With the euro, or the dollar, the government always has a say. The euro, for example, is created on the accounts of the ECB … at the will of the leaders …

Your euro retains its value because the ECB is restricted, for now, in its creation of euros … but nothing obliges it …

Bitcoin, ethereum, ripple, and others do not offer a possibility to “break the rules …” No one can decide to afford a billion bitcoins on his account. With the euro, governments have the opportunity.

Currencies like the euro or the dollar put common people – the saver – at the mercy of banks, institutions, and governments … The citizen does not have the right to create euros … or dollars … His money is less valuable because the State creates it at will.

With the bitcoin, states and common people play according to the same rules … The bitcoin is obtained by the exchange … and is created by the process of “mining.”

Even in a crisis situation, the state can not change the rules in “the best interests of the country.” Cryptographic techniques block attempts to change the blockchain system.

No computer, no computer scientist can break the security of the system … No law can revoke it … nor can they decree a reduction in severity.

In a crisis situation, governments can block banks and life insurance … cause distributors to go out … or erase the value of your bank account.

On the other hand, the leaders have no possibility to “force” the bitcoin network to bend to them …

Potential in bitcoin and cryptos …

With their control of the currency, our leaders have a pedal to influence all sectors of the economy …

Injecting euros into the banks makes it possible to take off the stock market … and buy bonds allows to lower interest rates, benefiting real estate, and encouraging credit …

The influence of the states, thanks to the currency, extends from one to another of the economy …

A crypto-currency gives the means to get its money out of the system of controls by the State … and to continue to trade if ever inflation takes off, the State blocks bank accounts, and nobody wants to accept euros .

What to do… ?

Bitcoin could represent a weapon to guard against the power of states over money …

For more details on the bitcoin, see the video below with Dr. Herlin, expert on the subject of the bitcoin …

His book of 2013, “The Revolution of the Bitcoin” has allowed many people to discover the interest of the bitcoin and place a bet in the currency …

Dr. Herlin has just given us an interview to reveal the potential, according to him, of the crypto-currencies in the months to come …

Rendez-vous here  to inform you of upcoming events for bitcoin, according to a reference expert on the subject in France …

Truly,

Henri Bonne

-Read more at www.lettre-strategie-conseil.com (French)-

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