A Short Preview:
“The object of life is not to be on the side of the majority, but to escape finding oneself in the ranks of the insane.”
~ Marcus Aurelius
By Catherine Austin Fitts
The Internet has supported explosive growth of private digital currencies and payment systems since the start of the financial crisis in 2008. Given the push for total control by the central bankers, the crypto communities face the possibility of being used by the central banks to institute total control and the end of freedom—or of being regulated out of business.
Already a subscriber? Log in
New to the Solari Report? Check out our Welcome Page
Not a subscriber yet? Subscribe now
With a Solari Report subscription, you get access to:
- ✔ The popular and informative Money & Markets show co-hosted by Catherine Austin Fitts and John Titus
- ✔ Weekly interviews with top guests, and quarterly deep dives into major trends affecting you day-to-day
- ✔ Aggregation of the most relevant news stories
- ✔ Subscriber-only events and a digital platform to connect with other subscribers
Informative interview! Helped me understand some of the terms I hear getting thrown around about crypto. Agree with some other comments here that it would be great to know how crypto is being used to help communities locally and how to replicate those efforts.
Catherine, can you speak more to how crypto would help make gov at all levels be more transparent? Isn’t crypto all about privacy of transactions? Do you mean the un-editable ledger aspect of crypto?
If it is digital, it is not private. Those who control physical force and enforcement will control. And all digital system in all cases will make it easier for them to do so.
Hi Catherine,
Are you aware of the takeover of Bitcoin by Mastercard and other companies?
People used to be able to use BTC blockchain to put blockchain functionality in their software. The coin was intrinsically valuable because it could be spent in order to write things to the blockchain (based on what the software needed to do). An immutable ledger has a lot of uses.
This means that when software companies adopt blockchain technology in their software, there will be a demand for the coins even if nobody is speculating on them or using them as a store of value.
This is truly the creation of a new commodity that is liquid and digital.
BTC was taken over and this software-use blockchain functionality was taken out and it is now only a coin that can be traded between people. Ethereum was created in an attempt to enable people to use blockchain in their software again but it is slow.
The next project to retain the original protocol was Bitcoin Cash but that project was also hindered with a block size limit, limiting transactions per second. Now the original Bitcoin protocol with all its functionality is in the BSV blockchain and it scales better than any others as the block sizes are not limited.
If we want a coin that has an intrinsic value whether people are trading it or not, BSV seems to be the blockchain that will scale the best and therefore provide the least friction (very low transaction fees) for people to use software with blockchain technology.
Then when we transact with one another, we know it will retain its value (and can even increase its value as more software uses the blockchain and requires coins to be spent for it).
Adoption of BSV for use in software is in early years so the price is still heavily influenced by speculation. Many people do not even know BSV is an option. Local currencies can also be created on top of the blockchain if desired which can have a separate supply and therefore price from the actual BSV coin.
I would recommend looking up Kurt Wuckert Jr if you want to learn more about this coin. Kurt is a Bitcoin historian who talks about the Bitcoin takeover and he also runs a mining operation mining BSV. He does interviews and also writes blogs on CoinGeek.com.
On the 58th minute of the Interview Catherine asks Darren a very important question – if there is some kind of system in place that helps local communities to grow, add value and be independent by using crypto.
Connecting crypto with local communities could become a strong pushback against Mr.Global. I would gladly read more about this, possibilites and already established projects, if there are any. Very important topic.
I agree. Would love to find out who is doing anything effective in this area. Will keep my eyes out.
Excellent interview … so many opinions of crypto are dogmatic one way or another … I liked the message that any tech can be used for good or evil. Please keep more like this coming!