You May Be Feeling Like This Right Now...
Maybe you have chosen the road less travelled with cryptocurrency and you're feeling some real concern right now.
I get it...
The recent collapse of FTX (the third largest centralized exchange) in 2022, has all the markings of a dramatic movie - greed, corruption and political intrigue.
It can be very unsettling, especially if you are new to the world of cryptocurrency.
It has had a massive knock effect across the board for legitimate blockchain start ups and liquidity.
Unfortunately nothing is immune to corruption. People think Sam Bankman-Fried - CEO of FTX is bad, wait until you really understand about the people who print the currency you use every day….
The "money men' have just moved their antics from the traditional financial world into the cryptocurrency industry.
They're like a cross between locusts and junkies. They'll move whenever they can to score the next big hit of profit - without a care in the world who they ruin in the process.
They offer no innovation, productivity, creativity or true value. All they do is move money around and mis manage funds for personal gain.
Ultimately they (FTX & associated cronies) have just robbed 5 million people. It's got to be one of the biggest frauds in history...
Remember BTC, didn't fail us, nor did Defi, NFTs or more broadly crypto.
What failed us was a criminal group of insiders at a corrupt "centralized" exchange with political ties all the way to the top. There is also a benefit to the powers that be to keep the industry in a state of disarray so they can usher in the new programmable money - CBDC's.
Where does it leave us now?
There's always a breakdown before a breakthrough....
This whole s**t show has helped to expose the bad actors for who they are. We can use this to rebuild based on real utility with decentralised technology and true value.
We're moving out of SPECULATION (worthless s**t coins) into UTILITY (real world purpose and value)
This is where we needed to go. For those who are already in the know, we've been moving in this direction for some time.
However it takes time, Rome wasn't built in a day!
So for now we just ride it out, we move forwards with what we can affect and take effective action by sharpening our skills. We position ourselves in proven systems which CAN verify revenue / utility and we collaborate to forge a new way forwards
Keep Soaring and Stay Free!