It’s a very Bitcoin Christmas.

 It's a very Bitcoin Christmas. Drawing Luke Hockley.

It's a very Bitcoin Christmas. Drawing Luke Hockley.

Dear Self,

I have this palpable sense that I am about to miss out on something. It feels like a rising anticipation and anxiety in my stomach.

It feels like a game that others are playing that I could play too.

It’s gambling, I’m clear about that.

But gambling on what?

In the short and long term that gamble is different.

Short term I would be gambling that others will get super excited about the game and invest their money and that I can then pull my money out before the things has a ‘correction’.

Long term I would be gambling that it is a ‘correction’ and not an all-mighty-house-of-cards collapse and that cryptocurrency becomes a genuine alternative to ‘money’ as we know it.

Long term the idea, as I understand it, is to be able to use cryptocurrency in the same way we use every day currency. To buy your bread and milk and the like. Then the banks will have less control over the way things are done.

Banks are pretty rotten. They have too much control, it is very tempting to want to be involved in something that disrupts the financial system as it is.

The problem is that it is not really clear to me who exactly is in charge of this new world and what they plan to do with it in the future.

Is it a global scam?

Even if it is not a scam what are the people who thought it all up really planning?

You see Governments and banks and regulations…well as bad as it all is at least I get to vote for the government that is controlling those regulations. And, in the past, there has been some very good things that have happened as a result of the financial market being regulated.

One thing for certain…there is going to be a lot of Bitcoin conversations this Christmas around the dinner table and that is only going to fuel the cryptocurrency hysteria…that doesn’t feel good.

It doesn’t really feel good at all.

Luke

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