- Nhận đường liên kết
- X
- Ứng dụng khác
- Nhận đường liên kết
- X
- Ứng dụng khác
Posted 46 seconds ago | by Catoshi Nakamoto
The Digital Currency Group is an organization that purports to be the accelerator of a “better financial system”. But the ownership and money behind the DCG points to something different. This is part one of a three-part series that is exposing one of the largest players in the cyptoverse, and how they are positioning themselves to be the first Crypto Cartel.
Read MoreLet’s get them!
My name is Ben and this is my channel, Bitboy Crypto. Every day on this channel we teach you about crypto. And this video in particular is extremely important for your crypto journey. Whether you’ve been in it for a while like me, or are just starting out. Knowing the landscape is important not just for SURVIVAL but for SUCCESS. This video is the first in a series of investigations into the big movers in the cryptoverse. I’m going to be digging up clues but I need you, the BitSquad to put on your deerstalker hats and light your calabash pipes. Foul play is afoot.
There is a threat to crypto and it’s from a pod of whales working under the umbrella of the Digital Currency Group. On the surface the DCG looks like any other crypto VC investment firm. But the more you look, the more bizarre things get. The DCG was “started” by a man named Barry Silbert back in 2011. But Barry Silbert gained influence early on in his career when he started the company, SecondMarket just a few years after he graduated from Emory University. SecondMarket drew over 30 million dollars in funding from all parts of the world…more on that in a moment. Barry soon got on the radar of the World Economic Forum..you know… the” “You’ll Own Nothing and Be Happy folks. Well here is Barry on their website and here he is doing a video for them. Probably harmless. But what was SecondMarket and what does that have to do with Crypto? SecondMarket was a website for trading and selling alternative investments.
Barry and his team made a lot of money during the 2008 financial crisis by profiting off many exotic investments including Collateralized Debt Obligations or CDO’s. CDO’s were one of the main drivers of people losing their houses back during the mortgage crash. All this profit during a time of incredible loss to the middle class drew the attention of Hong Kong based investment company, Temasek. Temasek invested 15 million into SecondMarket under the condition that SecondMarket turns its focus to Asia. And that they did. Barry and SecondMarket became embedded into Temasek and it’s leadership including billionaire Li Ka-Shing. The leadership of Temasek has several board members that served in political organizations from all over the APAC region but mostly Singapore and China. Two countries who’s governments don’t really have freedom on their list of priorities. In fact if you look at the board members of Temasek it’s populated with former CCP apparatchiks.
From there SecondMarket was spun off as the “we promise we’re not sketchy” NASDAQ PRIVATE MARKET and Barry moved his and his investors attention to Bitcoin. This was all happening in 2011, only a few years after the first Bitcoin had been mined. It was soon after that China started to assert itself as the technology leader for Bitcoin mining. A lot of crypto development was happening in Asia at this time as well. But while Binance wouldn’t get started for another six years. The money and influencers in China wanted to position themselves to maintain control of this new and possibly disruptive new form of money. Barry Silbert was their perfect candidate. The Digital Currency Group was started in 2011 with Barry installed as the CEO. But the money behind the DCG is the furthest thing from cypherpunk start up. Just look at their investors: Western Union, Mastercard, New York Life, CME Ventures. These aren’t just whales, these are institutions. But take a closer look. Novel TMT Ventures, a Virgin Islands based investment group….sketchy…and HCM Capital, a Beijing based subsidiary of none other than Foxconn. The worlds largest cell phone manufacturer and a company that is known to work hand in glove with the Chinese Communist Party.
The DCG is a front for whales and institutions to gain influence and control the cryptoverse. The sheer mass of the DCGs weight in crypto is staggering. They either own or have large financial stakes in an absurd number of projects. Here is a quick list: Acala, The Brave Browser, Circle, Coinbase, Etherscan, Kraken, Ledger, the Lightning Network, Ripple, Zcash and most importantly, they own Coindesk and Grayscale. Before we keep going I want to make it clear that just because a project or a company is in the DCG portfolio, doesn’t mean it’s sketchy, or bad tech or illegitimate.
For example we love Ledger, they have a great product for protecting your private keys and we have a relationship with them. Giant firms like this will have their capital put into anything they think will make them a return and it’s not always to serve another purpose. But the moves they make and the narrative they push are what you need to keep your eyes on. The fact that a mulit-national company with ties to the CCP has ownership in the largest Crypto fund; Grayscale AND the largest crypto news organization; Coindesk, should be concerning to you. Just like our old friend Jim Cramer was talking about, it’s part and parcel for whales to use their power to move markets in ways they want. They aren’t always successful but when they are they make big moves. For instance. Why do you think that Binance has been getting all sorts of regulatory pressure and bad press recently? Binance is outside of the DCG. They are a competitor with DCG “approved” exchanges, Coinbase and Kraken. So they are pushing and pulling every way they can to take Binance down off the top spot of crypto-exchanges. Binance is the embodiment of decentralization.
They don’t even have an office. The employees work literally all over the world. And it’s founder, CZ doesn’t even own a house, he rents hotel rooms. When you see an article on Coindesk, good or bad…always think about the DCG and check to see if what they are saying just so happens to benefit their portfolio. It’s not always the case. Coindesk can do good reporting. We use them as a reference all the time. But we are also aware when the DCG has stepped in and “re-centered” the work of the reporters at Coindesk.
Before I move on I need all of you who are watching to like this video and subscribe to the channel if you haven’t already. Youtube is doing their best to push down crypto information. So just by doing those two things you help us out a ton.
I’m making these videos to give you the edge you need to not get shaken down.
Am I saying that crypto is a rigged game just like the stock market? Far from it. Most cryptoassets on a public ledger, there are no special trading hours for whales only and the majority of projects are run in a decentralized manner. Crypto is still very much the wild west and there are few if any governments that a hedge fund can bribe or complain to when they are having a bad day. But crypto is big money so it only makes sense that big money people were going to come in. It’s been like this since the early days. It’s not rigged, you’re just in the big leagues. There is a lot of money to be made so the folks at the top are going to try and keep down the little guy, the retail investor as best they can. But it takes them a lot of effort. They don’t have governments to do their dirty work, although they are trying to get them involved as quickly as possible. It’s not surprising that governments around the world are suddenly taking a lot of time out of the post-pandemic schedule to get this whole Bitcoin thing under their control. You would think they would have other priorities, like getting the economy to recover, people getting their jobs back, the global mental health crisis that bloomed last year the list goes on and on. No, the governments want to get the magic internet money under wraps. Weird huh?
So here is how you can fight back.
Step one: Hodl your Bitcoin, Ethereum and ADA.
Step two: Think critically. That’s what got you into crypto in the first place, you started thinking critically about money and finance.
Step three: Be on the Bitsquad.
We’re on the trail of these whales and there will be more investigation videos coming very soon.
That’s all I got. Be blessed. Bitboy out!
2008 financial crisis
barry installed
barry moved
bitboy crypto
crypto cartel
crypto-exchanges
early days
fight back
gain influence
houses back
largest players
private keys
stock market
- Nhận đường liên kết
- X
- Ứng dụng khác
Nhận xét
Đăng nhận xét