Bitcoin and Cryptocurrencies: Internet Money or Intranet Money

in cryptocurrency •  7 years ago 

My basic premise for this peice is that cryptocurrencies (incld. Bitcoin) are infact going the way of Intranet Money and is already not Internet Money. Well...it is and it isnt. You see, as companies begin the sell off Bitcoin (a catchall term I use for all coins at large, because i hate typing" Cryptocurrencies" with my thumbs) at a fee they have in turn become middlemen. The whole concept of Bitcoin is peer to peer transactions with no middle man. The coins themselves able to be generated automatically (in some incidences) as if out of thin air. This is what happens when capitalism comes into to mix into what was essentially a supposed to be "internet money."
The internet is all free to all of us (minus fees for use [though there are companies who offer free data]). To others it is not, net neutrality has formed the basis for developed intranets. So it only makes sense in the light of where we've been headed, socio-economically, that Bitcoin...the sweet, innoccent, Bitcoin has been closed off because new middlemen want their fees for transacting data? Some middlemen are working toward a more secure network and for now it can only come in the form of Intranets (password logins, data mining of users, fees for transactions). Others seek to swindle, in the olde style of confidence man (conman) giving impressive projections for future growth but offering no real security for your assets. The only solution to fees is self management and external hd (Trazzor). Trading in Bitcoin is too far gone to the money hungry, but when fake coins start to fall to hackers the faithful few will remain to trade on closed networks (intranets).
What about the money, when all the fake coins die? Well, that's the thing about investing...it's like a box of chocolates...read the description card included and you'll know what you're gonna get. That's how far we've come in the data included in chocolate boxes! Which means Bitcoin is already almost antiquated as technology because too many people took advantage to make it exceed free peer to peer trades and transactions...hashgraph anyone?

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