The initial public offering of crypto

Up until the actual listing of the crypto exchange traded funds and now Ethereum the crypto investors with extensive experience praised the day of mainstream adoption and the embrace of wall street as the leading upward catalyst and a continual appreciation of historical comparison to the first ten years of bitcoin in terms of appreciation. The origins of bitcoin are flooded with mystery and rampant speculation from various programmers to the NSA and secretive banking cartels in the swiss alps. With over seventy percent of the supply being lost forever as well as the equivalent of an immaculate conception regarding its creation and up until blackrocks structured product release largely or entirely have had criticism and exclusion from the traditional financial system all contributes to a series of narratives surrounding its coin holders and miners. Taking a look at available network statistics; the data alone indicates a plethora of innovation in both its technology and permissionless aspects and the ability to take full custody among a dozen other attributes that make this currency/ digital asset class unique; which I am not downplaying at any point in this article; simply highlighting in conjunction with other aspects worth combining into analysis that is typically separated by onlookers. The framework of bitcoin has always been about having freedom and financial sovereignty yet the main narrative has always been about it somehow taking over the dollar; banks basing collateral off of its “intrinsic value”, a hedge against inflation and simultaneously a store of value with a host of thousands of duplicates imitations and comparable chains claiming to be an improvement on the initial architecture; With miners securing the network perpetually and governments and corporations as well as citizens all participating in various capacities and through various methods. The truth is far different than the narrative. three quarters of the supply is in an electronic wasteland which is the only true scarcity component that has validity justifying the price action; of which is my starting point. this supposed price action since the ETF listing is entirely comprised of when the global markets are closed; which at first glance may indicate manipulation somewhere at a Manhattan trade desk when in fact it is thousands of miles away; offshore and led by a cartel named BITFINEX who is owned by IFINEX inc. they have never allowed an audit only brief attestations with varying degrees and frequencies and claim to have investments in various government bonds and commercial paper across various durations of which rather than prove its accuracy has refused to do so since inception. The crypto ecosystem as a whole claims to have almost three trillion dollars in total market cap and similar amounts in “total value locked”. I would post exact numbers but the daily differentials and volatility of even the most rudimentary data points would quickly date and age this article and defeat the illustration as a whole and are easily verifiable unlike tethers reserves. The entirety of all crypto is denominated and referenced against tether and every exchange uses it as the comparable benchmark to interreact, trade, speculate via leveraged futures; in which crypto again is a victim to but again is all completed involving tether. The ability to create a digital representations of American dollars on demand offshore with no backing is clearly far worse than the central bank model which generates so much hatred amongst the incredibly financial illiterate market participants that exists in crypto; and hardly seems to be an improvement upon. Bitfinex has manipulated and shaped crypto since the first liquid exchange; causing drawdowns and short squeeze rallies that make natural gas look like a tame commodity to trade and Enron look like Microsoft. From plunge protection teams to accusations of international murders in the early seed rounds of large holders for its initial cache; if you can imagine it this illusive team has seemingly done it twice. Rather than join in on the critics or cheerleaders I will simply point out that a nighty percent positive correlation with the Nasdaq 100 in an asset class as complex as crypto can only be a mirrored trade achievable in such a fashion that algorithmic duplications of existing indexes and market fluctuations copy and pasted onto crypto markets with imaginary liquidity bootstrapping it combined with coordinated periods of enhanced volatility regimes targeting max pain trades for real money confiscation and random large divergences even liquidating people who see through the mirage of which I am no exception. A few whales control the entire liquidity of bitcoin of which there are under ten; including but not limited to kraken and justin sun through the tron coin as a starting point. the ease in which anyone can have observability of this comingling of funds and compounding of fraud with ongoing reconnaissance of such phenomenon is shocking. The international conspiracy get far worse the deeper one goes; from assistance of sanctions evasion on the sovereign level as the main use case additionally; money laundering from drugs and terrorist financing being the vast majority of on chain activity. The invention of the circle corporations USDC stable coin which blackrock is owner of up to a quarter of its equity is an effort to have a truly representative dollar attachment to crypto backed by actual treasuries; and institutionally accepted and auditable by regulators and to stop the flow to illicit finance jurisdictions for equally illicit purposes. ironically enough I deem it important to note all crypto being priced in the dollars it is supposedly a replacement to seems only to be a vehicle of dollars in transit to those whom have no access to it due to the illegality of its intended purpose. The brilliance of circle knows no bounds and its timing couldn’t be any more flawless. Each USDC purchased on legitimate exchanges calls the tether bluff and forces creations on non-compliant crypto exchanges; coupled with institutional exposure being through the ETF purchased using real dollars merge into a fast tracked collapse from within tactic for blackrock to retain the top rank in terms of ability to control the market at some point in the future; a question of when not if; and futures being introduced and conducted via Chicago Mercantile Exchange it indicates sooner rather than later. This method has proven far more lucrative and substantially easier than using INTERPOL and OFAC to conduct international arrest campaigns after decade long evidence collection and case building strategies have proven largely uneventful even after high profile ones like FTX+BINANCE. Due to the nature of how deeply embedded the roots of crime and fraud are in crypto the only one large enough and with a large enough budget and capable team seems to be blackrock. The current arrangement can only be assumed to be involving the federal alphabet agencies of the world on both the red and the blue team as they desperately attempt to help this shadow banking system survive in places such as Russia and destroy it on the united states and eurozone side (hence the inclusion of the EUROC coin). Tether is currently over triple the market capitalization of circle as an indicator of just how much clearing needs to be done and the infancy of this project. The fight also continues on multiple other fronts such as mining bitcoin itself as both countries listed subsidize the sector for dominance; nationalized operations for dictatorships and well funded public entities in western nations (ask yourself who in their right mind is under writing and holding those bonds?; these companies are producing more dilution than BTC!) BITMAIN has a complete monopoly on the ASIC chips required to mine and is a china based company; and only as of late are American alternatives being designed and slowly out innovating and taking market share. These miners even with all the assistance are still longer term shorts as they burn cash+ capex+ depreciation and replacement costs+ continuous natural gas/utility burdens in a desperate attempt to hold a coin with a questionable future, valuation and declining emission schedule.

The largest holder of all is the united states government; although Germany was close and liquidated it; and the source of all of this is from federal confiscation as proceeds of crime. Any BTC held outside the cartels reach hurts bitfinex ability to control the domain and the ETF and CME combination subdues their capabilities of the past even further; death by a thousand transactional declines. The stagnation is done by design; as to inflict maximum strangulation, isolation to bitfinex and their

other Companies that work as a leveraged or proxy to direct bitcoin ownership beyond the miners such as coin base have substantial insider selling perpetually since listings were completed and has not had a reduction in their rate of change; nor has his massive pending list of SEC violations, fines and indictments (google ben armstrong house price and location). WINTERMUTE is the global market maker for all of crypto and the entire thing is wash trading and disgracefully lazy execution as well; of course done in tether. This company claims to do dozens of billions is trading for “market efficiencies” annually but needed one hundred million recently in funding to remain solvent. With all this infrastructure and investment in all corners of the crypto universe and the abundance of diverse theaters of operation and truly talented programmers and dedicated users with a decade of development and now complete mainstream acceptance/tolerance what is holding this industry back? The clear answer is the bad actors; of which need to be fully removed and incarcerated for the true talent to shine through the void. For ten years crypto has been the equivalent of a da beers diamond mine located in the Chernobyl red forest; while the permits and land lease have been allowed for the excavation; nothing can safely travel within not only from contamination from outside but the deadly perils from even getting close. Nearly half of trillion capitals revenue streams come from mining a vast array of over 30 projects in different capacities and participation rates and capital injections into machinery, software etc etc and the radioactive poisoning is impossible to ignore at every interaction point. the miners (proof of work) are the equivalent to the bonds market (the smart money) of crypto; and the proof of stake Is the equity only perma bull retail, passive index fund types that represent the majority. These proof of stake chains are nothing more than software ledgers on an AWS server; many of which have an unlimited supply; guaranteeing dilution under any circumstance in perpetuity with massive insider sweeteners and governance aspects ensuring a golden parachute out no matter what the outcome. The downright shocking level of selling or shelling as Is a more appropriate description on to retail at an astonishingly frequent basis continuously and from every angle from onboarding money to an exchange; to send somewhere by the chains in gas fees, an endless maze of re written white papers and changes to initial tokenomics all to end up as exit liquidity for a development team that never had any intention of making let alone demonstrating a viable product; essentially a share of a non existent corporation with pre revenue characteristics and promises revolving around total addressable market to again trick uneducated retail into thinking they have slight chance at capturing any marketshare whatsoever rather than a true to form prototype of anything resembling functioning; and even when it works in some respect a magical (hack) happens whether on chain, wallet, exchange etc etc; and this just barely scratches the surface of things I alone have witnessed. Rinse and repeat with VC firms funding never ending sequels of shamelessly overvalued projects that shouldn’t have one at all. The interlocking fusion of absolute fraud and its abundance and acceptance is far more sinister than a few meme tokens and its foundation stems directly as a second derivative of bitcoin itself which again is highly speculative and also aging rapidly as a technology itself. You quickly come to the conclusion as time goes on that the entire broad way musical revolves around and depends upon the retail attendance being consecutively deploying capital into multiple pipelines propping up each sub sector continuously and without delay. Eventually this .com level pre revenue series A seed round private equity style fuelled bubble bursts; and on the other side of this comes the true

While various political quagmires are something regulatory agencies seek to avoid historically regarding crypto, the punishment of corrupted officials and executives seems to be in sequential decline year after year as does the organic user volume in crypto; combined with various geopolitical and sovereign default risks, social inequality, lack of trust in institutions, wealth disparity on a quantum level, reduced consumer sentiment and economic slowdowns on a rolling basis yet to truly recover since the lockdowns many people would be correct to as who cares about a trillion dollars globally; especially when compared to the national debt it’s a rounding error? It is simply under covered and misunderstood as a whole especially in regards to the multi dimensional aspects. The second dismissal would be regarding the replacement of tether with circle + bitfinex with blackrock. The horrendous anti trust suit that would be taking place if the original or shall we say competing company were legitimate would be a case study in a prestigious law school but it is not; therefore the gravity and consequences for the potential monopoly on the genuine research and development, departure of talent, and the standardization of many processes within blockchain have yet to be considered. the car could be discontinued before its even left the production line if blackrock and visa control the entire industry; which is dangerous from both a central bank digital currency that is not only tracked,traced, and lead to such draconian things as instant taxation, or the forced funding of the government via USDC bonds from holding it as the only legal tender; but also could smother the free flow and development of a technology only now truly beginning to experiment on a scale that will determine its viability and prove its worth; much like the weaponization of the internet by the current giants whether it is operating systems or hardware design. It would be foolish to assume anything positive or negative; long or short term for crypto It is inherently unpredictable but we do know bitcoin was never meant to be held in a blackrock etf; nor be governed by tether cartel; nor have centralized mining in massive industrial sites by large corporations, one company making all equipment. It either re decentralizes itself or its success becomes its own demise at least conceptually. As of the time of writing this initial public offering of crypto has been nothing more than another fee generating tool and consolidation of bitcoin into the hands of blackrock much like the voting rights of all the shares held in its other ETFS allowing them to govern the boards and alter the course of companies due to lack of involvement (passive investing side effects are infinite). This is an atrocious betrayal of the hacker origins and removes the most important aspect of it as a factor exposure; which is cold storage! The stagnation of the industry was already present as global excess liquidity continues to dry up which is cryptos true largest correlation and disposable income declines; this will cannibalize the sector into a coma if continued longer term. An interesting read on all these topics I briefly addressed regarding national security implications is a book named soft war. In closing I would like to highlight the fact that this is my first attempt at anything resembling a blog and any all criticism in more than welcomed. I will be making more frequent pieces as time goes on and depending on traction and demand for such commentary and research being requested as this was. I hope this raised much more questions then answers as that was its intention. Send an email if youd like to support our blockchain research and development ambitions in terms of token creation and integration into our work further than currently; and any support via token purchases is much appreciated and encourages further expeditions into actually using chains rather than just talking about them as we continue to experiment and develop. All purchases of TCTC are OTC due to the current nexa+kadena+kaspa chains being only testnet exchange capabilities requiring a nexa wallet as is the only mainet trillion token at this time. Etransferring CAD to trillioncapitaltoronto@outlook.com is an easy domestic support option if seeking so and for research options feel free to reach out as well; I would be happy to provide any assistance possible. Thank you for reading until the end; appreciate it!

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