I have long speculated as to “Why iEthereum has not blown up in terms of acknowledgement, awareness, adoption and price over the past 7 years?”
According to Rainbows and Unicorns, I can tell you “Why?” I can also speculate to the reason and intention.
I have long suggested that there is heavy manipulation and powerful efforts to constrain iEthereum. This includes many avenues including lack of development, expired websites, inactive social media, typo generator software being used on the whitepaper, misguidance by coin market cap indexes, unreported volumes, deterring wash trades, token price manipulation and so much more.
So according to rainbows and unicorns; this is “why iEthereum has not blown up in terms of acknowledgement and price?”
Explain to me why?
All these things listed above cost money and takes time and resources to manage. For an open source, fully decentralized project, why would there be hidden hands to constrain this technology to this degree?
It is my opinion there has to be a greater return on investment by managing these constrainment logistics. This makes sense coming via friend or foe. Are the actions attempting to destroy and bury iEthereum OR are they designed to protect the iEthereum technology. This is a good question.
In case of malevolent intent; the iEthereum Advocacy Trust was born to protect and advocate for this solid technology. Who doesn’t want true open source, immutable, censorship resistant technology with finite supply that includes the most identifiable logo of the #1 technology hardware company and the #1 open source smart contract technology in the world combined? Stupid question. There are probably many powerful forces in the world that would wish to stop this from culminating.
However, I am of the opinion it has to do with the protection and thus survival of this technology. Price and power come later.
What do I mean by iEthereum survival?
The best analogy I can draw is the dot com bubble burst. The inflated bubble was at its peak in 1999 and continued through 2004. Pinpointing an exact event that led to the bubble bursting is up for interpretation by economic historians.
Many events took place between 1999 and September 11, 2001 that were financial signs of what was to come. Imagine a domino effect of sorts. Of course, 9/11 is such an imprinted historical event in our minds that most would say that this event in history was what accelerated the dot com bubble bursting, if not the cause.
The charts will show that the tech industry was at its trough on October 9th, 2002 losing 5 trillion dollars in market capitalization. The aftermath continued through 2004, with 52% of tech companies bankrupting.
What I see coming, whether tomorrow or in ten years, is a crypto bubble. And, I see that bubble bursting. The point of this article is not to predict or forecast an exact date. The point of this article is to say that a bubble in digital assets will occur and it will burst; just like any asset class throughout history.
Many people smarter than me say that bubble has already arrived and the bubble bursting is coming. There are many other people smarter than me that say we have a few cycles left before the big bubble burst occurs. These contradictions from smart people are why I am not here to forecast a date.
I am here to record why this pertains to iEthereum and the genius behind constraining it. Let me give you all a little more back drop to my thesis.
My opinion has always been that we are in a massive economic, financial and geopolitical transformation. It has always been my belief that the cryptocurrency market will be used as one of the financial instruments, a tool, a weapon, to manage inflation and deflation while this transition occurs. This transition is happening now.
Although we can expect certain major events; this wealth transition will occur over several years. During these transitions in history; massive wealth will be created, transferred and destroyed. That is the best way I can put it simply. It will be managed. Or at least attempted to be managed.
One way of looking at the above statement.
Wealth created = inflated wealth.
Wealth destroyed = deflated wealth.
Wealth transferred = wealth moving from one system to another.
What is actually occurring as we watch digital asset prices going up, down and sideways is that the real wealth is being managed. The real wealth is not the artificial digital price of the cryptocurrencies that the market is trading and you see on the screen. The real wealth is the technology behind the tokens, blockchain or distributed ledger that is being managed; ie being created, transferred and/or destroyed. And/or all the above via all encompassing industries and markets. It is a wealth transfer that is occurring.
And in terms of a transition within the economic, financial and geopolitical systems, the inflationary /deflationary mechanisms of the money printing financial wars are able to be controlled and managed. Thus attempting to create winners and losers as an end result.
As mentioned above, this transition will take several years. But, And, BTW, this started several years ago. Economic historians will identify, such as they did in the dot com bubble, that the peak was on “this date” and it lasted through “this date.” Pertaining to the cryptocurrency space, history will write “THESE X” cryptos survived, “THESE X” cryptos did not.
Everything I just stated; makes the case that the crypto industry is still in its infancy and is very speculative in nature until this bubble bursts. From the ashes….giants will be born.
“IF” iEthereum is an Apple product….. Apple does not speculate. They release and develop real products with real use cases for their ecosystem and users. Therefore, it is my belief that a proper time and place will be for when Apple enters the market. And again, it will not be speculated upon. It is well planned and organized.
In this hypothetical situation, the timing right now for cryptos is still speculative. “IF” Apple makes a connection to iEthereum via public announcement or integration into their ecosystem, iEthereum is going 1:1 with Ethereum overnight, perhaps 1:1 with BTC. It is that valuable. Let me remind everyone, that Apple’s future cryptocurrency will be extremely valuable whether its iEthereum or not. These statements are all speculative in nature. However, iEthereum happens to have the features; ie finite supply, security, immutable, open source, transparency that couples with the branding to make it the best crypto in town as far as market appetite goes.
Does this make sense? If iEthereum was created for a future use within an Apple ecosystem that is not developed yet, would they be able to survive a massive bubble burst if iEthereum was worth thousands of dollars in inflated speculative price value prior to the bust and no real world value? There needs to be real world use case and function to make this work.
Why I believe iEthereum will survive the big crypto bubble dot com type crash?
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