Do Crypto Markets Suffer Outright Attacks?

When Bitcoin fell from over $60,000 USD to what some worried would be below $50,000 USD in a matter of minutes, it could be construed that an attack was underway. At the time, a report circulated about regulators eyeing the industry. Some blame the flash-crash on this report- simply and overreaction by investors.

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While on the surface the idea that a sort of flash-crash was due to exiting investors, a look deeper may cause one to rethink this position, or at least entertain that a more dangerous influence upon the crypto markets exists.

Blockchain and cryptocurrencies are often seen as the same thing. For many topics, they are interchangeable. However, they aren’t the same. A blockchain IS a ledger. Cryptocurrencies allow for exchanging assets on a blockchain ledger.

What happens when powerful entities are only concerned with blockchain and not crypto?

The lines of discussion of where blockchain ends and crypto begins will blur. So for the sake of this argument, limited-blockchains are those that grant access to only a few (e.g. blue chip tech companies). Limited participation blockchains are not distributed; meaning that not everyone can participate, let alone fairly.

There is certainly no need to develop a crypto market system when so few parties are involved.

Now consider how internet service providers, cloud-based companies, server warehouses, etc. have become centralized.

Does Big Tech have a vested interest in opposing ANY powerful application that’s decentralized in nature?

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Crypto is about Finance, a Subtly Violent Environment

Because cryptocurrencies are a medium of exchanging value, they raise the eyebrows of any powerful organizations dependent upon digital technology.

Where the Samurai is compared to the businessperson (manager), the Ninja can be seen as the spirit animal of the trader (finance expert).

Where top management is compared to sharks, navigating the world of finance is only possible by the savviest of dancers.

Given the above statements, are not company stocks more sensitive to financial markets than the supplies in a warehouse or the health of human resources?

The knock on finance being untrustworthy and a drain on those who work hard to deliver real goods finds comfort in smart contracts. These trustless, immutable and transparent contracts do away with uncertainty.

Smart contracts bring supply chains and financial markets closer together.

I hope this effort helps to illuminated the way that crypto represents a threat to those who FEEL in control of real-world supply chains. Imagine what such entities could do to manipulate and/or attack crypto markets if they believed it were possible to control not just the world economy, but the flow of goods.

4 Yet because of false brothers secretly brought in—who slipped in to spy out our freedom that we have in Christ Jesus, so that they might bring us into slavery— 5 to them we did not yield in submission even for a moment, so that the truth of the gospel might be preserved for you. 6 And from those who seemed to be influential (what they were makes no difference to me; God shows no partiality)—those, I say, who seemed influential added nothing to me.

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