CryptoIzzy

The Bitcoin Flaw: Monero Rising By Izzy Otomakan Follow @cryptoizzy I recognize the irony that barely a few months after I shared The Power of Money: A Case for Bitcoin I am now releasing this piece - critical of Bitcoin. I wrote TPOM largely because I was fed up with people and institutions claiming Bitcoin was a fraud, ponzi scheme or bubble. It is none of those things. It is however, in a critical respect, over. Bitcoin has been beaten[1]. We don’t need to wait any longer for further evidence of this fact.[2]There is sufficient evidence now. At this point, what we see playing out is largely pantomime - as governors of the status quo introduce more mechanisms to increasingly neuter Bitcoin and enforce control over it – whether the general public is aware of it or not. Bitcoin has been compromised as the standard bearer for cryptocurrencies, and the wound is mortal. I recognize this may sound outlandish, so please allow me to explain. No matter wh...

Additional Note: within a couple of hours of posting this article to the Reddit/Ripple forum, i was banned without warning or reason given. It's worth noting a few things: 1) over the course of the last several months, i have seen literally tens of thousands of referrals from the same subreddit to my blog - particularly my initial analysis. though i knew it might upset some people (and i swear, i take no joy in receiving angry messages), i felt an obligation to share my updated views on the forums where my previous work had gotten the most attention. 2) It has been about a week now, and despite thousands of reads (and public calls to those 'smartest people in the room' on ripple, there have been no meaningful refutations, rebuttals, or even serious questionings of the piece below. just ad hominem attacks, expressions of faith and hope that ripple will be successful (without addressing why a higher price for the XRP coin is necessary for that). 4) That Reddit banned m...

Below is a (largely) un-edited Q&A correspondence on Cryptos and The Power of Money between me and a reader. Thanks to him for consenting for me to share. Even though English isn't his first language, I think he's done a solid job of outlining some questions that may be on the mind's of other readers. ------------------------------------------------   Hi Izzy, I just finished your script and again I am deeply impressed with what you wrote also the sarcasm towards the famous 1% of this world with the truth in it made me laugh. I already shared your paper with my brother and my friends but here are some questions from a simple mind: Let’s say that bitcoin and crypto currency take over the current monetary system how is that going to work out at the end? Right now crypto currencies are valued against the fiat currency but if they are going to take over then the fiat currency is going to collapse - how will we then value crypto currencies and who is going to de...

To facilitate reading and sharing I've uploaded the document to Scribd.com Please click on this link to access. The Power of Money: A Case for Bitcoin Izzy

I thought I'd share an email exchange I just had, as it offers the opportunity to discuss some of my more updated views. Copy/Pasted as is, with the exception of protecting the individual's name. ------------------------- Hey  @CryptoIzzy Was going through some old research and re-stumbled across your blog post regarding the XRP use case. To date I believe that's the single most reasonable and comprehensive guide I've read on XRP. Thanks for putting that out there. I'm curious, do you have any additional thoughts or amendments to your previous thoughts regarding Ripple and XRP? Thanks so much. And no worries if you're far too busy to engage in such a conversation. Really appreciate your comprehensive and thoughtful analysis.  ------------------------- hi *******- thanks for the kind and supportive words. it means a lot to me to receive constructive feedback. i do have additional thoughts, but they get complicated fairly quickly, as a lo...