No! The Market Has Not Decided

Thank you for the very informative topic. ❤️

“The CEOs and top execs will get their bonuses no matter what.”

You should have put this statement in ALL CAPS BOLD PRINT!!

That is what angered me the most when US had that banking and housing crisis during the Bush Jr. administration which was inherited by Obama. The economy is still recovering and the pandemic is not helping!

I often hear the politicians say “Let the market regulate itself.” If only that really did happen. But no matter what happens, the Top Dogs will always look out for Number 1, i.e. themselves.

A few years back, I listened to an interview of the Prime Minister of Singapore. This guy gets paid way more our US president. But the point he made was that he was being paid that kind of money because of how successful the country was being run. His salary was commensurate with his duties and responsibilities and apparently(?), he could even get a raise if the job was done well!

HOWEVER, at one point, the people in the country were experiencing financial difficulty. It was some sort of economic crisis. I don't keep up but what I heard this guy say in the interview, I filed it away in my mind for future reference.

The prime minister said he had a choice: (A) Increase his own salary OR (B) Use the money that would have been paid to him and instead take action to ease some of the financial difficulty of the people and fix the economy. He said he chose to forego getting a raise in order to use that money for the people. He said, after all, he gets paid enough to live comfortably. But the people are having a hard time.

Things that make you go Hmm? I thought to myself:
~ If a prime minister of a country can reason that way, then why can't corporate executives in America do the same thing?!

There was a financial crisis in the country! People lost jobs. People lost homes. People lost health insurance. PEOPLE LOST EVERYTHING!!

But the corporate executives kept their homes, their second homes, their expensive cars, their yachts, etc. And since they had “insider knowledge”, they sold their investments before they became worthless!

What happened to US was WRONG ON SO MANY LEVELS. I truly believe that many corporate executives could have saved their companies and assisted the workers; but they chose to bail themselves out!! That's what I BELIEVE. But what I KNOW is that we sure can't blame the market for not correcting itself!

“BTC is a toy today at the hands of the elite. “ Another statement that could be in ALL CAPS BOLD PRINT.

(Sorry for the longwinded comments.)

BTC maximalist surely want to hyjack the totall system of Crypto. This was the reason they gave their BTC to banks and banks will work with government to again debunk the freedom of money. Again they are ready to put piles of taxes on the people for non-sense task. When they find nothing to profit they let it put into garbage and take thier move.

That's an interesting take on it, having KYC and custodial accounts kind of takes away the whole purpose of crypto. I have read lots of stuff about why BTC deliberately kept the block size small, in order to facilitate lightning network solutions, which the banks are heavily invested in. BCH decided that to be able to scale and offering lower transaction fees was more in line with Satoshis original vision. As you say, the BTC maximalists may keep this thing going for a long time, but eventually move on.

BCH has a real world value and is better suited to frictionless transactions, cross borders for a small fee!

Centralized cryptocurrency services will become more restrictive every day. And will be more at the service of the power groups of banks and governments. That's not what cryptos were created for. Let's hope most people will understand that sometime before it's too late.

Just look at the BTC dominance over the years. It is clear where it will end.