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    Your Freedom and the Holy Grail of Cryptocurrencies
    Your Freedom and the Holy Grail of Cryptocurrencies
    Your Freedom and the Holy Grail of Cryptocurrencies
    Ebook120 pages1 hour

    Your Freedom and the Holy Grail of Cryptocurrencies

    By Dimitry Krasil

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    About this ebook

    The purpose of this book is to fill the knowledge gap and understanding between cryptocurrency enthusiasts and everyone else. To point out the fundamental reason for the creation of Bitcoin and the reason for its popularity. What enthusiasts like so much in Bitcoin and other cryptocurrencies.

    What need does it serve?

    To explain what is fundamentally wrong in present-day society it is trying to address.
    Why most people may experience a significant jump in their standard of living (potentially up to 20 times just in the standard of living) if a significant portion of the population and, therefore, the economy was to switch from using government currency to cryptocurrency.

    Why invest in cryptocurrency right now if you are still skeptical about its future? What natural forces will move the market up no matter what you believe in? What are the three stages of the bull market? What does it mean to an investor and where are we in the current bull market? Because there are over a thousand different cryptocurrencies and many more are created every day. So, how do you choose the best one to invest in? What is the holy grail of cryptocurrencies? Which of the cryptocurrencies would fit the description and why?

    Compare different categories. The perfect cryptocurrency. The right moment. The right price. The right category. The ideal answer to the market needs. A currently unique offer that the market demands. There is a huge incentive to use it, even for people who do not even use a computer!!! And incredible profit potential.

    LanguageEnglish
    PublisherDimitry Krasil
    Release dateMay 14, 2018
    ISBN9780463863169
    Your Freedom and the Holy Grail of Cryptocurrencies
    Author

    Dimitry Krasil

    Cryptocurrency & Blockchain Consultant, Writer/Publisher at iNews Network, Author, Independent Contractor

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      Book preview

      Your Freedom and the Holy Grail of Cryptocurrencies - Dimitry Krasil

      Your Freedom and the Holy

      Grail of Cryptocurrencies

      Dimitry Krasil

      License Notes

      The publication is protected under the U.S. Copyright Act of 1976 and all other applicable international, federal, state, and local laws. All rights are reserved, including resale rights. You are not allowed to reproduce, transmit, or sell this eBook in part or in full, in any form, or by any means (electronic, mechanical, photocopying, recording, or otherwise) without the written permission of the author.

      This eBook is licensed for your personal use only. This eBook may not be re-sold or given away to other people. If you would like to share this eBook with another person, please, purchase an additional copy for each reader. Thank you for respecting the hard work of the author.

      This eBook is for informational use only. Please, consult qualified professionals regarding the investment decisions.

      Table of Contents

      From the Author

      What this booklet is about

      Preface to Part I

      PART I - THE REASON YOU ARE MUCH POORER/WHO GETS YOUR WEALTH

      PART II - THE PLAN & STRATEGY TO GET THE REWARDS YOU REALLY DESERVE

      Chapter A - The stage is set

      Part II, Chapter B - So where are we now in this digital currency boom?

      Part II, Chapter C - What to do and not to do

      Preface to part III

      PART III - SO WHAT EXACTLY ARE WE GOING TO DO?

      Chapter A - Solutions to problems, the Holy Grail of cryptocurrencies

      Stablecoin History

      What do people mean by price stability?

      Part III, Chapter B - Price and growth potential

      Part III, Chapter C - What’s in it for you?

      From the Author

      I became very interested in the history of money during the crisis of 2008. That whole solution by the US government of saving too big to fail institutions at the cost of everyone else just didn’t make any sense to me. Those banks were responsible for this mess, they created it and actually knew what they were doing. They knew what eventually would happen. That crisis was intentional from the get-go.

      Back in 2004, a friend of mine asked me why I was not buying a house but instead was renting. I told him that the prices are too high and I can’t understand those prices. How can people afford to pay them? Don’t they have other expenses? The prices must come down. I knew it, because when I was much younger in 1989, I met a relative who was a real estate agent and during the conversation about real estate and its prices, I asked him what would happen if prices went down. To which he assured me that real estate prices could only go up and never down, because they don’t make it anymore (land). But a little bit later, sure enough, prices went down. So, in 2004, I knew that something was wrong and prices must come down. I was not an expert, but I knew that there was an imbalance between income and monthly mortgage payments. It was just common sense and a little bit of short history that we all saw with our own eyes just a little while ago.

      So, in 2008, those who intentionally and knowingly created this mess got rewarded for destroying the economy. And instead of letting them go bankrupt like any other business for doing stupid things, bankers were actually rewarded. At first, I couldn’t believe it. So, I started learning about how this system operates by reading and studying the history of banking and money.

      What I learned shocked me even more. For example, US productivity gains used to be distributed through wages. During the gold standard days, the standard of living approximately doubled with each new generation. If you look at the chart below, you can see that because of productivity gains from 1948 to 1973, wages almost doubled.

      But after 1971, productivity gains were mostly absorbed by the banking system by monetizing them through the printing press. Depending on the way we calculate the effect of inflation, we can say that they absorb even more than that. Just look at the chart below. Banks are eating into existing wages.

      So, this means that whatever you are currently making, you should be making about four times more than that. So, if you were making $50,000 a year, if we were to abolish the Federal Reserve system, your income would probably quadruple to $200,000 a year. But that was not all. Actually, without the Federal Reserve, that whole mess of 2008 would not even be possible. ALL the financial crisis that we had was the by-product of the Federal Reserve. Even the depression of the 1930s was created by the Federal Reserve and they even admit it. The Chairman of the Federal Reserve, Ben Bernanke, even said they are sorry and promised not to do it again. Do you believe it? He promised not to do it again. That was on November 8, 2002. Then he turned around and created the crisis of 2008.

      So, I was very interested to hear about BitCoin. I was ready to learn about it. I was impressed; that’s what the world needs, I thought. A monetary system that can’t be controlled by the banks and the government. But to get the maximum benefits of that system, we need to create a separate economy where we minimize interactions with the fiat economy. Like two independent countries just without the borders. We can trade with each other, but we must have our own unit of account in which we price our products and count our profits. And that’s the challenge for most cryptocurrencies because they are so volatile. They are only used as transactional units similar to someone in one country buying something in another but using the third country’s currency. And then I found it. I found what many describe as the Holy Grail of cryptocurrencies.

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