gATO wAs- reading Forbes' Jon Matonis article about the shadow economy and bitcoins.
The Bitcoin market is $10 Trillion and growing the crypto-currency is surpassing everyone's imagination and why is that.
System D is the answer, what is System D? It is a shorthand term that refers to a manner of responding to challenges that requires one to have the ability to think fast, to adapt, and to improvise when getting a job done. This can be applied to hackers, Anonymous, hacktivist and of course the Tor-Onion network. They are all System D and growing because of it.
"System D is a slang phrase pirated from French-speaking Africa and the Caribbean. The French have a word that they often use to describe particularly effective and motivated people. They call them débrouillards. To say a man is a débrouillard is to tell people how resourceful and ingenious he is. The former French colonies have sculpted this word to their own social and economic reality. They say that inventive, self-starting, entrepreneurial merchants who are doing business on their own, without registering or being regulated by the bureaucracy and, for the most part, without paying taxes, are part of 'l’economie de la débrouillardise.' Or, sweetened for street use, 'Systeme D.' This essentially translates as the ingenuity economy, the economy of improvisation and self-reliance, the do-it-yourself, or DIY, economy."
Essentially, Bitcoin is the ‘System D’ of currencies — global, decentralized, and non-state sanctioned. In todays world were Greece, Spain and the U.S economy are falling apart we now have a currency that is not controlled by one governments it’s control by the people, and the powers that be the bankers are really pissed off.
This is why the “deep dark web” is being vilified. You hear about Silk Roads selling drugs and all kind of scary thing but in reality the black market is only a small portion of the dark web, but Bitcoins are a big part in it’s e-commerce and it’s not traceable that the bad part and the good part.
You at home can set up a Bitcoin miner on your computer and start mining Bitcoins at home with a spare computer. It’s like a solar power cell on your roof top, or a windmill you can be in control of things again.
But the real issue is control! The bankers have no control of this new emerging economy. The 1% fear that if we the people start using this new currency we will diminish their power, their wealth and they can’t have that.
Bitcoins are barley 3 years old and you hear everywhere that only criminals use it, it’s part of the bad guy’s and another fact that escapes people since it’s a crypto thing and we are talking about MATH - they can only generate bit coins until 2030, so this is not the solution for a currency - but at least we know where the end lies and we can make it better when nobody is in control.
History tell’s us that the robber (banker) barons use the same trick to spread rumors and crash the stock market in the early 1920, then they put in laws to get every one to sell their gold so they control it. We did have a currency based on gold but they wanted this power and they paid the politicians off and got all our gold. Now they see this new currency and since it’s not under their control they want you to think it’s a bad thing.
Now a $10 Trillion dollar market will get these bankers up and ready for bear if they want to keep their power based and scaring the masses will not work when you can buy Bitcoins at any 7/11 or Wall Mart, you can see that smart merchants are now accepting Bitcoins for the goods and services these early adopters will see themselves grow financially and hedge their bets on what is a winning worldwide currency.
Governments will also go after this new market because bankers have politicians in their pockets, but this tidal wave of the new fiat currency will become de-facto very soon. Just in the last few months it has gone from $4.25 USD to today 6/25/2012 $6.28 according tomtgox.com, one of the new traders in this new economy. That’s about about a 30% percent increase— now that’s a better rate than anyone can give you on your investment. Ca$hing -mEoW- mEoW gAtO lIkes that….
So what does it mean to the average person well if you have Bitcoins in your portfolio you will make a killing as Bitcoins are expected to go to almost $30 USD by Christmas time 2012.
gAtO predicts maybe $20-25 by the end of year but I lost my tail in the stock market in 2008 what do I know. Well I know that In that time frame I had no control of the market and today because I am active in this field of Cyberspace and cryptology I can see the patterns and I trust Bitcoins better than USD or EUROs. ViVa System.
– gAtO oUt...
Cross-posted from US Cyber Labs