“A cryptocurrency, crypto-currency, or crypto is a collection of binary data which is designed to work as a medium of exchange wherein individual coin ownership records are stored in a ledger which is a computerized database using strong cryptography to secure transaction records, to control the creation of additional coins, and to verify the transfer of coin ownership. Cryptocurrencies are generally fiat currencies, as they are not backed by or convertible into a commodity.” https://en.wikipedia.org/wiki/Cryptocurrency
There are hundreds of cryptocurrency types. Bitcoin is number one. In October 2021 Bitcoin started trading on the New York Stock Exchange. “ProShares is set to launch a Bitcoin futures exchange-traded fund (ETF) on the New York Stock Exchange tomorrow, in what would be a first for institutional investors in the U.S.” https://www.nasdaq.com/articles/proshares-bitcoin-futures-etf-to-launch-on-new-york-stock-exchange-tuesday-2021-10-18
“Coinbase Global, Inc., branded Coinbase, is an American company that operates a cryptocurrency exchange platform. Coinbase operates remote-first, and lacks an official physical headquarters. The company was founded in 2012 by Brian Armstrong and Fred Ehrsam, and as of March 2021 was the largest cryptocurrency exchange in the United States by trading volume.[4]
On April 14, 2021, Coinbase went public on the Nasdaq exchange via a direct listing.” https://en.wikipedia.org/wiki/Coinbase
“Coinbase is a company that processes crypto transactions. “We are building the cryptoeconomy – a more fair, accessible, efficient, and transparent financial system enabled by crypto. We started in 2012 with the radical idea that anyone, anywhere, should be able to easily and securely send and receive Bitcoin. Today, we offer a trusted and easy-to-use platform for accessing the broader cryptoeconomy.” https://www.coinbase.com/abou
Crypto Corporation also a publicly traded company website states the following:
“OUR VISION Cryptocurrency in Every Wallet ™”
“OUR MISSION Accelerate the world’s transition to cryptocurrency.”
“WHY IT MATTERS Powered by cryptocurrency, the future of the internet: Web3 will be more fair and equitable, owned by the builders, creators and users. You. We believe it is your basic right to control your money, data and identity.” https://crypto.com/us/about
According to Coinbase own words they are building a cryptoeconomy. What is cryptoeconomics? “A formal discipline that studies protocols that govern the production, distribution, and consumption of goods and services in a decentralized digital economy. Cryptoeconomics is a practical science that focuses on the design and characterization of these protocols.” The blockchain technology runs on the principles of cryptoeconomics.” blockgeeks.com/guides/what-is-cryptoeconomics/
What does this mean for you and me? Cryptocurrancy is a non-secured currency, not backed by gold or silver. The United State went off the gold standard many years ago, so this concept is not new. You cannot touch this currency physically; it only exists in the computer’s memory. You cannot take dollars to the store and exchange it for food.
The administration of President Nayib Bukele, 40, plans to spend more than $225 million on the rollout, including a $30 credit in bitcoin to those who take up Chivo—local slang for “cool”—the government-run e-wallet that can be used for purchases in bitcoin or U.S. dollars.” https://www.wsj.com/articles/bitcoin-comes-to-el-salvador-first-country-to-adopt-crypto-as-national-currency-11631005200
“Of the most complete data on the subject come from Statista, which combined 55 different research reports from the Statista Global Consumer Survey to identify the countries where Bitcoin and other cryptocurrencies are most popular. The results reveal a clear trend. People from countries in Africa, Asia and South America are much more likely to own or use cryptocurrency than those in Europe, North America or Australia.”
The world’s top ten crypto countries, according to the Statista data, are:
“Dubai launched the world’s first state-backed cryptocurrency in 2017 known as Emcash. Emcash tokens run on their own native blockchain and can be used for various government and non-government services, such as daily coffee, children’s school fee, utility charges, and money transfers. With this step, Dubai is all set to become the world’s first blockchain-powered government by 2020." https://coinsutra.com/national-cryptocurrencies/
In my opinion a blockchain powered government could create real privacy intrusion issues into individuals lives.
Other countries have created their own cryptocurrency:
| Name Of Country | Name Of Cryptocurrency |
| Dubai (UAE) | Emcash |
| Venezuela | Petro |
| Estonia | Estcoin |
| Russia | Crypytoruble |
| Sweden | E-Krona |
| Japan | J-Coin |
https://coinsutra.com/national-cryptocurrencies/
Other countries are thinking about creating their own cryptocurrency: India
China
US
UK
Ecuador
Canada
Israel https://coinsutra.com/national-ryptocurrencies/
Where does the United States stand on cryptocurrency? “Some lawmakers see cryptocurrency as a font of technological innovation, especially in the development of blockchain, the digital ledger that records transactions.
Top U.S. regulators, on the other hand, are flashing danger signs. Gary Gensler, the chairman of the Securities and Exchange Commission appointed by Biden, said last week that investors need more protection in the cryptocurrency market, which he called “rife with fraud, scams and abuse” and “like the Wild West.” While the SEC has won dozens of cases against crypto fraudsters, Gensler said the agency needs more authority from Congress — and more funding — to regulate the market.
The Federal Reserve, meanwhile, is considering developing its own digital currency pegged to the U.S. dollar. A so-called digital dollar could enable faster payments among banks, consumers and businesses.
“You’ve got federal agencies not talking on the same page,” says Suzanne Lynch, a professor at Utica College who focuses on financial crime. “It’s so grey right now.”” https://www.nbcmiami.com/news/national-international/explainer-how-cryptocurrency-fits-into-the-infrastructure-bill/2526443/
The following is attributed to Representative Paul Gosar “A U.S. congressman from Arizona has introduced the Cryptocurrency Act of 2020 while under coronavirus quarantine. The bill clarifies which federal agencies regulate which type of crypto assets. “It’s crucial that America remains the global leader in cryptocurrency,” the lawmaker said.” https://news.bitcoin.com/cryptocurrency-act-of-2020/
I believe the cryptocurrency in its present form could be a precursor to a global currency needed for a one world order. Bitcoin is already used globally. With the rise of many global partnerships such as G20, COP26, Troika, Troika Plus, and the European Union, how long will it for some to decide a one world government would be best?
Today citizens of the United States are at risk from an EMP attack.
“WASHINGTON - The U.S. Department of Homeland Security (DHS) continues to prepare against ever evolving threats against the American homeland, most recently highlighting efforts to combat an Electromagnetic Pulse attack which could disrupt the electrical grid and potentially damage electronics. Today, the department is releasing the Electromagnetic Pulse (EMP) Program Status Report as part of an update on efforts underway in support of Executive Order (E.O.) 13865 on Coordinating National Resilience to Electromagnetic Pulses. E.O. 13865 establishes resilience and security standards for U.S. critical infrastructure as a national priority.
EMP weapons have the potential to disrupt unprotected critical infrastructure within the US and could impact millions over large parts of the country. Since the President’s signing of the E.O. in March 2019, DHS, through the Cybersecurity and Infrastructure Agency (CISA), in coordination with the Science and Technology Directorate (S&T) and the Federal Emergency Management Agency (FEMA), has taken key actions to address known EMP-related vulnerabilities to critical infrastructure. The EMP Program Status Report highlights efforts taken across the public and private sector to foster increased resilience to EMP events. Through data analysis, vulnerability and risk assessments, testing and pilot programs, and government and industry engagement, the department is identifying critical infrastructure and associated functions that are at greatest risk from an EMP, and developing and implementing best practices to reduce the risk.” https://www.dhs.gov/news/2020/09/03/dhs-combats-potential-electromagnetic-pulse-emp-attack
EMP is only mentioned to point out the possibility of losing all cryptocurrency data should an attack happen.
President Biden certainly favors globalism over nationalism. You see this in policies being set forth from his administration.
According to the Bible global government will rule in the latter times.
Revelation 13:16-17 New American Standard Bible 1995 “16 And he causes all, the small and the great, and the rich and the poor, and the free men and the slaves, to be given a mark on their right hand or on their forehead, 17 and he provides that no one will be able to buy or to sell, except the one who has the mark, either the name of the beast or the number of his name.”
One must wonder how close we are to that time.