Monero
$212.88 2.17%
XMR · 196w

Hackernoon: "In the wake of the ongoing attack on crypto, privacy focused currencies like Monero, PIVX, Dash, and Zcash are looking hotter than ever."

On Sept 1 2017, Bitcoin roared to a new all-time high, touching the $5000 mark for the first time in history.

And then the bottom fell out.

While Twitterverse crypto enthusiasts called the sudden drop a natural correction, it quickly became clear there was nothing natural about it.

Over the course of two weeks, Bitcoin and every other crypto faced a sustained assault of relentless negative press designed to crash the price, spread fear and destroy the trust in decentralized money.

And it wasn’t random at all.

It was a coordinated attack on crypto.

To understand why you just have to know a little about the history of power in the world.

The Empire Strikes Back

David Smooke, the king of Hackernoon, called decentralized cryptocurrency “this decade’s iconic battle of government vs. business.”

But it’s more than that.

It’s not a battle between business and government. It’s a battle between the centralized empires of the world and a decentralized rebel alliance of every day people, an eternal battle.

And it’s not just a battle.

It’s a war.

It’s been raging since humans first crawled out of the primordial swamp. It’s a battle of freedom versus control, power to the people versus the power of a select group of elites who’ve kept their jackboot on the face of humanity for thousands of years.

Each generation must face the fight anew. Like a pendulum that swings back and forth forever and ever, when the world goes too far in one direction it must swing back in the other.

Today, overcentralization is a disease. The pendulum only has one way to go.

Gollum, the Return of the King, (copyright New Line Cinema.)

But centralized empires don’t give up easily. Like Gollum clutching the dark ring, they’ll do anything to hold onto that precious power at all costs. It’s not even about what’s good or right. It’s about power for the sake of power.

At first the Dark Lords of the world...

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