- Where do I go from here?
- Now that we have been entrusted with the funds that we need, how do we execute our plan in accordance with the pledges and representations made in our white paper?
- From a "Corporate Governance" standpoint, how do we now actually create and staff a "real organization" with the minimum administrative and technical support, operations, leadership, legal, regulatory, technological, and logistical infrastructure we need to have in place in order to fully implement our goals and objectives?
(After all, just putting a bunch of names and photos of a so-called "Leadership Team" and "Advisors" from people scattered all over the globe who have agreed to allow us to list their names on our website will no longer do.) Welcome to the real world!
- From our motley group of dedicated volunteers, supporters and collaborators, which ones do we get to formally bring on board on a permanent full-time basis? The same goes for the Leadership Team listed on the website. As for the list of Advisors, from whom will we actually seek their advice, if any?
- Moreover, now that the foregoing motley group knows that we have obtained funding, going forward, most of them (if not, all of them) will most certainly want to be "paid in cash" for all future services instead of just coins and tokens with relatively little short-term value. But since we can't afford to bring them all on board, which would drain just about every dollar raised from the ICO in no time at all, how will we make do with the huge decrease in number of people-powered assistance as we try to make it to the finish line?
Why? That's because the cause that you are fighting for will determine the make-up of your entourage: your Sympathizers, Supporters, Collaborators and your Executive Leadership Team.
However, here is the real world.
A sitting or former Chief Justice of the Supreme Court of the United States and any Associate Justice of the Supreme Court :: any current or former Circuit Judge of our federal courts of appeals, or District Judge of our federal district courts :: any current or former President of the United States, member of the President's Cabinet, Director of the United States Secret Service and Secret Service Agent, down to the last member of the White House Staff :: any current or former United States Senator or Representative :: any current or former Chairman of the Joint Chiefs of Staff and staff members, any recipient of the highest military awards and decorations, any current or former Air Force or Navy or Army or Coast Guard Pilot, any member of the most elite units of the military, down to the last member of the Armed Forces of the United States :: any current or former Attorney General of the United States and the 93 US Attorneys throughout the 50 States, any current or former Director of the Federal Bureau of Investigation down to the last member of the Department of Justice :: any current or former Director of the NSA (National Security Agency) down to the last member of this 45,000 member organization :: any current or former Director of the Central Intelligence Agency down to the last member of the agency :: any current or former Commissioner of the Internal Revenue Service down to the last member of this 77,000 member organization :: any current or former private practice or city, county and state Attorney :: any local, county, state and federal Prosecutor :: any current, former or retired Chief of Police, Police Officer, Detective, down to the last member of any local law enforcement agency :: any current, former or retired Fire Chief, Fireman or Firewoman, down to the last member of a Fire Station :: any current or former Governor, County Chief Executive, City Mayor, all the way down to the last City Official and member of the respective government agency :: any current, former or retired Chairman, Chief Executive Officer, Chief Human Resources Officer, Chief Revenue Officer, Chief Marketing Officer, Chief Information Officer, Chief Innovation Officer, Sales and Marketing personnel, Computer Programmers, Administrative and Technical Support personnel, all the way down to the last employee of the largest to the smallest organization :: any current or former Titular Head of any Religion, Mega Church Pastor, Mullah, Ayatollah, all the way down to your local Pastor, Parish Priest, Imam or Rabbi.
Nor is there a need for anyone to worry about being cast with the label "you must have something to hide."
Mr. Justice MARSHALL, dissenting.
In California Bankers Assn. v. Shultz, 416 U.S. 21, 94 S.Ct. 1494, 39 L.Ed.2d 812 (1974), the Court upheld the constitutionality of the recordkeeping requirements of the Bank Secrecy Act. 12 U.S.C. 1829b(d). I dissented, finding the required maintenance of bank customers' records to be a seizure within the meaning of the Fourth Amendment and unlawful in the absence of a warrant and probable cause. While the Court in California Bankers Assn. did not then purport to decide whether a customer could later challenge the bank's delivery of his records to the Government pursuant to subpoena, I warned:
"(I)t is ironic that although the majority deems the bank customers' Fourth Amendment claims premature, it also intimates that once the bank has made copies of a customer's checks, the customer no longer has standing to invoke his Fourth Amendment rights when a demand is made on the bank by the Government for the records. . . . By accepting the Government's bifurcated approach to the recordkeeping requirement and the acquisition of the records, the majority engages in a hollow charade whereby Fourth Amendment claims are to be labeled premature until such time as they can be deemed too late." 416 U.S., at 97, 94 S.Ct., at 1535, 39 L.Ed.2d, at 861.
Today, not surprisingly, the Court finds respondent's claims to be made too late. Since the Court in California Bankers Assn. held that a bank, in complying with the requirement that it keep copies of the checks written by its customers, "neither searches nor seizes records in which the depositor has a Fourth Amendment right," Id., at 54, 94 S.Ct., at 1514, 39 L.Ed.2d, at 836, there is nothing new in today's holding that respondent has no protected Fourth Amendment interest in such records. A fortiori, he does not have standing to contest the Government's subpoena to the bank. Alderman v. United States, 394 U.S. 165, 89 S.Ct. 961, 22 L.Ed.2d 176 (1969).
I wash my hands of today's extended redundancy by the Court. Because the recordkeeping requirements of the Act order the seizure of customers' bank records without a warrant and probable cause, I believe the Act is unconstitutional and that respondent has standing to raise that claim. Since the Act is unconstitutional, the Government cannot rely on records kept pursuant to it in prosecuting bank customers. The Government relied on such records in this case and, because of that, I would affirm the Court of Appeals' reversal of respondent's conviction. I respectfully dissent.
(I am a perfect example of a Commensalistic ("Lone Wolf") Collaborator and this article is a great example of the sort of lone wolf activities such person engages in. Other than through my publishing activities, as of the date of this article, I have never met Sean Worthington nor have I ever had any discussions with him or any member of his organization on how I can assist them and on what terms.)
The Parasitic Collaborator. There are three (3) types of parasitic collaborators: 1) opportunistic, 2) immovable, and 3) invasive. What they all have in common is that they are all Fake Collaborators (i.e., collaborators in name only); they don't give a damn about the Cause; and they are only there to receive and not to give. So, let us explore them in detail:
Opportunistic. The Opportunistic Parasitic Collaborator is a person who sees a tremendous opportunity that is just too good to pass up and, although he could care less about the Cause itself, he is however willing to pretend (i.e., say all the things that he thinks you may want to hear) in order to enter into a formal agreement to collaborate even though he has absolutely no intention to contribute anything to the Cause.
His primary intention is to execute the formal agreement in order to get his foot through the door; survey the landscape and attempt to obtain as much information as possible; contribute absolutely nothing while, in the meantime, he is trying to figure out how much he can actually extract from the relationship before you are able to figure out that he is full of shit. In other words, this person behaves like a "bloodsucking parasite."
Should you ever decide to inquire from him about what kind of response that he has received from all these "Senior Level Executives at the highest levels of business, academia and government" that he is alleged to be on a first-name basis with, get ready to be blown away into the stratosphere by a whirlwind of hot air.
His primary attraction to your organization: Any groundbreaking or innovative endeavor wherein there is almost no significant barrier to entry to become a Collaborator and where performance is the ultimate determinant of a Collaborator's abilities and representations (i.e., you have to bring them on board first before you find out they are worthless, and by that time, it's too late - the damage has already been done).
Immovable. The Immovable Parasitic Collaborator is a person or entity who is basically blind, deaf and dumb (to nearly everything that you and your organization are all about), thus unable to mentally and physically move or venture outside their zone of comfort (in order for them to understand the mountain of opportunities that you are making available to them).
Therefore, his only asset is his unique ability to launch a dazzling display of fireworks and smoke and mirrors in order to lure to his location all those who venture anywhere near the perimeter of his environment. He then patiently waits for you to enter into his environment and get yourself all settled and comfortable. At which point, he will then latch onto you and begin the process of sucking the blood out of you.
This means that he only knows of one way with respect to how things are done in his line of business (the way he has always done things over the years); and regardless of what you say or write or do in order to explain to him what your organization is all about and how he stands to hugely benefit from the opportunities that you are making available to him, he will ignore every single word that you say and every single document that you provide - to a point where you'll come to believe that "this person must be blind, deaf and dumb." As well, you will wonder, "how can anyone be that stupid?" and "how in the world did he get to be in the position that he is now in?"
Moreover, he doesn't really give a damn about the Cause or how you intend to collaborate with him. His only Cause is the advancement of his own personal agenda. If that means, taking you out for a ride and screw you over, then so be it.
His primary attraction to your organization: Any groundbreaking or innovative endeavor wherein there is no barrier to entry and where he believes (that he can lead you to believe) that he has a significant amount of leverage that he can exercise in order to ensure a successful outcome. He may also feel (that he can lead you to believe) that he holds one of the most significant keys to its success - that ace in the hole. At which point he begins to dazzle you with a display of fireworks and smoke and mirrors (i.e., he makes known all the beautiful and exciting things that he has to offer and that you desperately need from him - and all you have to do is to follow his instructions).
Most Washed-Up Corporate Executives (who have throughout their long career left a long trail of shit behind them and burned too many bridges in the corporate world) as well as many narrow-minded and moronic investors of all stripes and persuasions (Angel, Venture Capital, Investment Banking, Institutional) fall into this "immovable" category of parasitic collaborators.
Invasive. The Invasive Parasitic Collaborator is a wolf in sheep clothing who is very shrewd; has his own agenda; tends to operate in Stealth mode; and is nothing but a Silent Enemy Within. He is perfectly aware of what your organization is all about and how he stands to hugely benefit from the opportunities that you are making available to him. The only problem is that, he wants everything all to himself and his partners in crime, and the best way to go about that is to first gain your confidence and try to gather as much confidential information as possible for either his own personal use or for sharing with his cohorts and others who are willing to make a deal.
Once that is accomplished, he will then go about and use the "divide and conquer" strategy in order to sabotage your operation and inflict maximum damage throughout your entire organization. Amidst the resulting turmoil, he will then make a quick dash to the nearest exit.
For example, throughout the ages, many leading and illustrious scientists, innovators and pioneers from around the globe, including the much revered Nikola Tesla, have succumbed to these invasive parasitic collaborators. The evidence is in the 10's of thousand of grievances, complaints and lawsuits worldwide which are initiated every year with respect to theft or infringement of intellectual property.
Their primary attraction to your organization: Any groundbreaking or innovative endeavor wherein there is no barrier to entry and where security is nearly nonexistent and the inventor is naive and lax. Spies (infiltrators from corporate, governments and other criminal organizations) are well-versed in these tactics and strategies.
Due to the cultish nature of their message and followers, and the lack of an urgent need or interest for such leaders on the part of the global population, their numbers are so minuscule and their impact on Conscious Evolution of the human race is so negligible that, collectively, they barely register on the social scale. As well, their activities are primarily confined to authoring, publishing and book sales; lecturing, keynote speaking and panel discussions at local and global events; and private group workshops and one-on-one personal development sessions.
It's really a children's game that should be called "Watch Baby Joe Square the Circle."
Bottom Line: Ideally, you should only staff your Executive Leadership Team with executives who share the attributes of a Visionary Leader or Principled Geopolitical Leader :: or, at a minimum, those who share the attributes of a Strategist Leader. Anything less means that you have put in place the seeds of your company's failure or destruction.
To digress a bit, thus the reason why I am always "a cheval sur les principes" and why I have incorporated in the curriculum of the "virtual organization management discipline" at VOMI a practicum and dissertation on the 271-page treatise "A Global Need for Principled Geopolitical Leaders" :: in order for our 2-year program participants to obtain any of the following designations: Chief Virtual Organization Architect (CVOA), Master Virtual Organization Management Trainer (MVOMT), Master Virtual Organization Recruitment Trainer (MVORT). (These are designed for independent students - 18 to 26 years old - and not for professionals and corporate executives.)
For those of you who are either too young; too indoctrinated (or zombified); too naive; or just downright indifferent and very disconnected from everything that is happening around you in order to understand what I've just said, the answer is just a few paragraphs away.
- Digital Currency: It's just a digital currency.
No different than holding a Dollar bill, a 50 Cent coin, a Quarter, a Dime, a Nickel or a Penny in your hand, except that you are holding a digital version of it. That is all!
- What It Looks Like: It's just a file.
No different than any other file that you have on your computer.
- Just Like Regular Currency: There is a 1 CloudCoin bill (file); a 5 CloudCoin bill (file); a 25 CloudCoin bill (file); a 100 CloudCoin bill (file); and a 250 CloudCoin bill (file).
No different than holding in your hands a 1 Dollar bill, a 5 Dollar bill, a 20 Dollar bill, or a 100 Dollar bill. That is all!
- Just Like Having Cents Too: When CloudCoin becomes very popular all over the world, there may also be a number of different CloudCoin Cents to enable people to pay for extremely small transactions (e.g., a bubble gum, cup of coffee, etc.). Thus, I propose the following: a CloudCoin Cent™, a CloudCoin MilliCent™, and a CloudCoin MicroCent™. (Trademark reserved for CloudCoin.)
For branding (and other) purposes, it is critical that each denomination is preceded by the word "CloudCoin" as illustrated above. With respect to other digital currencies, it should be the "digital currency unit" (e.g., Monero Cent, Monero MilliCent, Monero MicroCent).
No different than having (in US currency) a Penny (1 Cent) :: Nickel (5 Cents) :: Dime (10 Cents) :: Quarter (25 Cents) :: Half-Dollar (50 Cents) :: and 1 Dollar bill (100 Cents)
In this case, 1 CloundCoin bill (file) will also equal 100 CloudCoin Cents :: or 1000 (One Thousand) CloudCoin MilliCents :: or 1,000,000 (One Million) CloudCoin MicroCents.
However, since CloudCoin is meant to be a Global Reserve Digital Currency as well as a widely used digital currency for more than 7 billion people on our planet, then I highly recommend that these digital currency denominations be introduced immediately, without delay. CloudCoin will become popular because the CloudCoin Team will make it happen and not if it happens by chance or due to some twist of fate. Therefore, why wait to introduce the other denominations? They should also be part of today's narrative. After all, Creating Your Own Narrative means that You Are Creating the Future instead of waiting for the future.
- Gives You the Power of Cash Without Holding Physical Cash: Let's face it, it's no big secret that Totalitarian States and Tyrannical Governments all over the world hate CASH for the simple reason that once you have it in your hands, they are literally powerless to track your activities and control you like a dog on a leash.
Therefore, they use the phony, bogus and laughable excuse that cash is primarily a tool used by criminals; oligarchs who want to avoid full reporting of their income; oligarchs moving money in and out of the country (i.e., capital flight); tax evaders, tax cheats, drug dealers, terrorists, financiers of terrorist organizations, mobsters, thieves, crooks, and money launderers; therefore, they have no choice but to control it and severely restrict its use by criminalizing your transport OR deposit OR withdrawal OR use of Cash in excess of a certain amount (USD $10,000 or Euro 10,000 etc.) without prior notification to the government - all for your own good and in order to protect you and society from these evil people. (Stop laughing so hard!)
What they failed to tell you is that since the first income tax was introduced in the United States in 1861 all the way to the passage of the Bank Secrecy Act of 1970, CASH - not checks or credit cards or electronic cash - was the primary form of currency used by the American people, yet the US government had no problem with generating its revenues from both individuals and businesses. And that, throughout all of recorded history, the world has always had its share of criminals, oligarchs engaged in capital import and flight, drug dealers, corrupt politicians, terrorists, financiers of terrorist organizations, mobsters, thieves, crooks, and money launderers - yet there was never a need to ban or restrict the use of Cash.
In other words, other than the fact that today's technology makes it possible for a bunch of gangsters to have absolute control of an entire population while they are busy roving and roaming around in marble halls under the facade of government, acting under color of law - nothing has really changed. As the old saying goes, "absolute power corrupts absolutely."
Of course, since they already knew that people are like sheep and we are accustomed to being treated like a bunch of retards, imbeciles, fools, idiots, domesticated animals and little children, they correctly assumed that the minute that they passed a law, people would automatically comply out of fear of what their government might do to them. (I don't know about you but, at a minimum, this seems like coercion, extortion, and just raw gangsterism.)
- Where You Can Keep Your CloudCoins: Just use your imagination, the sky is the limit! Remember, it's just a bunch of files sitting on your computer or on the internet in various denominations: 1 CloudCoin bill file(s); 5 CloudCoin bill file(s); 25 CloudCoin bill file(s); 100 CloudCoin bill file(s); and 250 CloudCoin bill file(s).
You don't have to keep them all in one place. You can encrypt these files and store them on an old computer that is never connected to the internet :: on an encrypted USB flash drive :: in your safe deposit box :: in a vault :: in one or more encrypted email accounts that you never use :: and, literally, millions of places anywhere on this planet. You can also backup these files and then create backups of the backup files.
No different than a billionaire stashing bales of cash at 30 different locations throughout the world for liquidity reasons in the event of some Armageddon-type apocalypse :: or stashing a bunch of gold bars in 30 different locations. However, there is one exception: there is no one and no government anywhere on planet Earth which can gain access to and steal your CloudCoins.
- Cannot Be Stolen. Your CloudCoin is 100% Theft-Proof. There is no central place on the internet to gain access to your CloudCoin files. You are the only person who has them. And since you literally have millions of places anywhere in the world where you can store these files, a thief would have to know the exact location of hundreds of different places (both online and off-grid) in order to steal them.
You can send a flash drive that contains only a few CloudCoin files to a distant cousin living in some little remote village in Croatia to hold for you. You can send it through the regular post office in a regular envelope to some distant relative in some little remote and primitive village in Africa or Asia which is full of headhunters and cannibals; and which has no paved roads, cars, electricity or computers.
Even if it were possible to steal them, a safety mechanism in the currency would allow you to retrieve every single stolen CloudCoin.
No different than having to know the combination of 10,000 locks before a thief can open a vault.
- Cannot Be Hacked Into. Your CloudCoin is Hack-Proof for the same reason that it cannot be stolen.
No different than having a whole army of Cyber Security Experts watching over your computer network making sure that no one can penetrate your system.
- Cannot Be Counterfeited. CloudCoin uses a 100% Counterfeit-Proof Technology called RAIDA (Redundant Array of Independent Detection Agents) that makes it impossible for anyone anywhere in the world to make copies of your CloudCoins and spend them.
No different than having a huge laboratory full of scientists in white robes scanning every single CloudCoin in order to make sure that it is not a counterfeit.
- 100% Attack-Proof from Any Future Technologies. The technology behind CloudCoin guarantees that it will never become the victim of any sort of attack based on any future technologies such as Quantum, Plasma, etc.
No different than putting an invisible and impenetrable force field around you that can withstand any kind of attack, even the most powerful nuclear blast.
- 100% Privacy. There is no server or central location or registry that keeps track of how you use your CloudCoins. What you buy, when you bought it, and how much it costs is your business and no one else's. The inventor of CloudCoin assumes that we are living in The Free World instead of a STASI or Orwellian Totalitarian State.
No different than going on a European Cruise vacation, stopping off in London, England to do some shopping and sightseeing. You walk into a shop, purchase a scarf, pay with a 50 pound sterling bank note and put the change in your pocket; and then take your receipt along with your scarf, say good-bye and walk out the door.
Now Just Imagine How Aghast You Would Be, and the insult and invasion of privacy that you would feel if the cashier, instead of giving you a receipt for your purchase, had asked you to fill out a form to document the transaction and to prove your identity before you could purchase that scarf due some KYC (Know Your Customer) and AML (Anti-Money Laundering) laws that the government has in place in order to catch fraudsters, hardcore criminals, drug dealers, money launderers and terrorists.
What is the very first thing that would come to your mind? I am positive that any human being with an ounce of intelligence and common sense would think, at the very least, if not, outright say to the cashier, "Either you must think I was born yesterday, or you must somehow believe that I am a born idiot. This is nothing but bullshit and you can keep the damn scarf," and then walk out the door.
Well, if you stop to think about it, there is absolutely no difference between the foregoing scenario and the inbred fear of the Totalitarian State that 99% of these blockchain technology companies out there exhibit in their zeal to comply with this KYC/AML obscenity.
They are deathly afraid that this Totalitarian State Monstrosity could, at any point in time, under color of law, use its heavy hand in order to crush and reduce to rubble everything that they would have built; and that their blind compliance to this KYC/AML obscenity is one sure way to immunize themselves against such possibility.
In fact, KYC/AML has absolutely nothing to do with fraudsters, hardcore criminals, drug dealers, money launderers and terrorists. This is all about Total Spectrum Dominance and Absolute Control of the global population by the powers-that-be (i.e., financial terrorism). Thus, it should be appropriately renamed: TSD/AC requirements. Therefore, next time someone tells you they need certain information from you in order to comply with their government's KYC/AML requirements, just tell them to be honest about it and that they are really trying to comply with their government's TSD/AC requirements.
One More Time. Now Imagine What Would Happen if every single person who received an invitation to participate in an ICO did the exact same thing that you did in the previous scenario (say "This is nothing but bullshit," and then get off that blockchain technology company's website...). That's exactly what I do for one simple reason: I refuse to willingly participate in my own enslavement.
Now my question to you is this: How long do you think it would take for every single blockchain technology company out there conducting an ICO to begin to refuse to put that KYC/AML obscenity on their website? Quick Hint: Money talks!
Once they realize that their potential clients are not "born idiots" and will refuse to participate in their own enslavement, then and only then will they be able to stand up in unison and say:
"We refuse to be cowered and brutalized by an Orwellian Totalitarian State. This requirement is an obscenity. We side with our clients and three (3) former Justices of the United States Supreme Court. We are willing to take our chances. If need be, we are willing to challenge this obscenity all the way to the Supreme Court (or the highest court of the land in your country, assuming, of course, that they haven't been compromised and reduced to being only puppets and figureheads)."
- Easy to Spend. For Big Ticket Items, Average Ticket Items, and Micro Transactions (in the near or distant future, subject to demand).
For Big Ticket Items, all you have to do is purchase what you need online and upload your CloudCoin payment directly from the encrypted order form. Upon receipt of the order and the validation of the authenticity of your CloudCoins (which takes a few seconds) your order will be processed. With respect to applications which require approval prior to billing, you will receive an invoice for payment upon approval. That's all!
For example, VOMI and partners now accept CloudCoin for ALL services offered. See :: It Was Only A Matter of Time: We Now Accept ALL Digital and Crypto Currencies :: (You can read the article later.)
For Average Ticket Items, ditto the process for big ticket items. The only caveat is that you need to be extremely careful that you haven't landed on a honey trap site (i.e., a fake retail site). It only takes a few minutes to do a quick Google check to make sure that it's a legit business you are dealing with.
If a site deliberately conceals all phone, email contact, and mailing address information and no information about any of the principals of the company which can be cross-referenced to Linkedin or any other social network or social media venue, (I've come across thousands of them over the years), then your antennas should go up immediately.
Although you may have recourse in the event someone tries to swindle you out of your CloudCoins on the internet, nonetheless, an ounce of prevention is worth (more than) a pound of cure.
No different than the sort of due diligence you conduct for every online retail store you frequent that you are not familiar with or which looks very fishy.
For Walk-In Transactions at any retail outlet which accepts CloudCoin, just purchase what you need and pay the merchant instantly from your Android device (not currently available from iOS devices). Upon receipt of your CloudCoins and the validation of their authenticity by the merchant (which takes a few seconds), your purchase is complete and you just walk out the door.
For Micro Transactions Online (in the near or distant future, subject to demand) or at Walk-In Locations, the CloudCoin team hopes to make these transactions occur in an automatic and seamless fashion. This feature should be implemented immediately, without delay. I have already outlined why in a previous commentary.
No different than walking into a store and using your pocket change to make your purchase, obtain a receipt and then walk out the door.
Moreover, regardless of what type of transaction it involves, you can always make a payment to a merchant via plain email. That is as simple as it gets!
- 100% Immune to Any Cryptocurrency Extinction-Level Event. First let's define a cryptocurrency extinction-level event: That's when global market forces (either through social, economic, political, military, force majeure, purposely engineered false flag operations, market manipulation by large holders of cryptocurrencies, and any number of cataclysmic or seismic events) create a condition whereby the price and value of all cryptocurrencies get instantly obliterated across the board and become either nigh or totally worthless.
In which case, CloudCoin is 100% immune from the possibility of such occurrence. "Pierre, how can you back such a far-out claim?" you might ask. Easy!
For the simple reason that CloudCoin, although a digital currency, is not a cryptocurrency and its technology has nothing at all to do with blockchain technology. It's a pure digital currency just like any other fiat currency (but a million times more valuable).
It does not depend on Centralized or Decentralized Crypto Exchanges at all which makes it immune from any sort of price manipulation (will cover that in more details in subsequent CloudCoin attributes). That means, while the price of every single cryptocurrency could be getting hammered and going down across the board, CloudCoin's value and price will have no choice but to remain steady or go in the opposite direction - an upward trajectory.
However, that being said, there is nothing wrong with having it listed on any of these exchanges - although from a personal, strategic and tactical standpoint, all, if not most CloudCoin owners, should maintain physical custody of their CloudCoin. (No, I am not tripping on acid or Ambien. I know that sounds nuts, however, the reason for that is so simple that only the most simple mind will be able to understand it.)
Moving on, it does not rely on any Distributed Ledger Technology, any Bitcoin blockchain technology platform, any Ethereum blockchain technology platform, or any other current or future blockchain technology platform. All it needs is the Internet, thus the reason why it is called a Cloud Currency.
NO Wallets. No Accounts. No Private Key. No Public Key. No Password. (I know it's hard to believe or comprehend - good thing I am not being paid to write this, otherwise I'd be in serious trouble making such claim).
No miners. No Proof of Work. No Proof-of-Stake. No Off-Chain Transaction. No Lightning Network. No Raiden Network. No crypto mining rigs. No crypto mining software. No expensive crypto mining graphic processing unit (GPU). No crypto mining browser. No expensive crypto mining ASIC (Application-specific integrated circuit) machines. No crypto mining data centers. No crypto mining cities. No crypto mining electricity bills that can power a small country. No transaction speed issues - can theoretically operate at over 8 million transactions per second:: whereas Bitcoin does 7 transactions per second and Ethereum has a hard cap of 15 transactions per second.
The only thing that CloudCoin is not immune to is a "Human Civilization Extinction-Level Event," in which case, 99.99% of humanity would cease to exist and the remaining survivors would all go back to living in the Stone Age. A world without electricity, internet, cars, etc.
- 100% Immune to Hacked Exchanges. How often do you hear that exchanges are being hacked left and right? What about the hacking incidents that are kept quiet? Well, CloudCoin does not have to worry about that for the simple reason that none of your CloudCoins reside on any exchange or wallet. However, that being said, you do have the option to upload your CloudCoin to Bitshares, in which case, this 100% hacking immunity may be questionable. Otherwise YOU get to control where to store your CloudCoins. It can be in an unlimited number of places anywhere online or off-grid. (I know I am being redundant but it doesn't hurt to repeat it).
- 100% Immune to Control and Power of Both Centralized and Decentralized Exchanges. Were you to ask any digital currency issuer or user how much of their current or future success depends on being listed on one or more Centralized Exchanges, I can guarantee you this very second that the following answer would be unanimous: A great deal.
Why? It's the path of least resistance for global digital currency exposure, acceptance and trading for fiat currency. The key word here is "fiat currency." That means, most people don't really give a damn about these digital currencies themselves, it's their value in fiat currency that they are interested in. Thus the reason why these Centralized Exchanges have such an extraordinary hold on all these blockchain technology entities out there (including all digital currency companies).
But if it were just about exposure, acceptance and trading of these coins, the power of these exchanges could somewhat be mitigated by market forces as more and more exchanges continue to sprout worldwide. However, the by-product of the trading itself is what ultimately determines the FIAT VALUE of the digital currency.
Taken within that context, this is where a Centralized Exchange can have an inordinate amount of Control and Power over the success or failure of a digital currency. This means it can have a cascading and exponential (positive or negative) effect on the value of each currency through a variety of either government mandates, currency manipulation; as well as illicit, coordinated, manufactured, unpredictable, unforeseen or market-driven events. (I won't bother going into any details lest I be accused of being a "conspiracy theorist." I prefer the term "fact realist".)
Ditto with respect to Decentralized Exchanges for the simple reason that you need permission to List your digital currency there and any government can pass a law which forbids such exchanges from hosting your digital currency. Honestly and truthfully speaking, do you really believe that some Decentralized Exchange on God's green earth is going to go to war against the federal government over one digital currency? They would boot you off their exchange faster than a toad licking a fly.
Now, here is what you've been waiting for: How is CloudCoin 100% immune to the power of Centralized and Decentralized Exchanges?
To refresh your memory, you will recall me saying in the previous paragraphs that the REAL POWER that these Exchanges have over the success or failure of a digital currency is based on their ability to assign a constantly fluctuating market-driven (and not so market-driven) FIAT VALUE to it. This fiat value assignment is used primarily for speculative investment purposes as well as to convert such coin or digital currency into fiat currency.
After all, honestly speaking, how many people who purchase Bitcoin, Bitcoin Cash, Ethereum, Ripple, Monero, etc., do so for the purpose of buying groceries at their local supermarket, to pay for their rent or mortgage, to pay for utilities, to pay the gardener, to buy a car, for car repairs, to purchase major appliances, to pay for dinner at a restaurant, to shop at Amazon, to pay their accountant or attorney or consultant, to pay the plumber or repairman, to buy office supplies, to meet payroll, to pay taxes, to travel, to pay for airfare, to go on vacation, etc., and better yet, for the intended purposes outlined in an ICO white paper?
A real conservative answer, to say the most, and I am being extremely generous, is no more than one tenth of 1% (.1%) of digital currency and token buyers. That means 99.9% do so strictly for investment purposes. Buy and Sell when the fiat value either goes way above, or drops too far below, the original purchase price. Or Buy and HODL (hold on to dear life) or Hold and Sell when the fiat value is on bitcoin-fire.
Therefore, the answer I am about to provide you to the "100% Immune to Exchanges" question is so simple that it requires a very simple mind to understand it:
That's because CloudCoin, by virtue of its previously outlined features, is in reality the world's first Decentralized, Distributed Digital Currency and the only digital currency to date that is really suited for ordinary, everyday transactions by every single individual in every single sector of the global economy :: from the smallest transaction in the most remote village on the planet you can think of to the largest transaction in the world that you can imagine.
If you recall, this currency is just a file that cannot be counterfeited and something that I can just email, upload or text to anyone. That means, the only people who need to set the FIAT VALUE of CloudCoin are the People Who Own the Currency as well as the people, vendors, merchants, organizations, institutions and governments ("Trailblazers and Avant-Garde Pioneers") Who Are Willing to Accept CloudCoin :: and NOT some Centralized or Decentralized Exchange teeming with a bunch of modern-day gold rush settlers and prospectors and robber barons ("Speculative Investors") who see these digital currencies and tokens as an investment opportunity of a lifetime :: which it is and, I am very pleased to say, I don't begrudge anyone for wanting to take advantage of an excellent opportunity when it presents itself.
Therefore, as an Owner of CloudCoin, "How do you set the VALUE of CloudCoin?" For every single reader of this treatise, I am going to let each and every single one of you determine its value TO YOU and ONLY YOU at the end of this article because the best features of CloudCoin are yet to be revealed. That is how precious CloudCoin is!
Power of Creator of CloudCoin to Set the Value of CloudCoin. For example, let's say that Pension Fund X in the Democratic Republic of Maganda on the Asian continent is interested in converting some of their currency portfolio into CloudCoin and wants to know the currency conversion rate. (Soon you will understand what I mean by "currency conversion rate".)
As the creator of CloudCoin, you may decide to set the CloudCoin/USD exchange rate:: for Pension Funds only :: on a 1:15 basis (One CloudCoin equals USD $15). No need to worry about the listed value of CloudCoin on Centralized Exchange A or Decentralized Exchange B.
Why? Being the Creator of CloudCoin, You Are in reality the Central Bank for your Digital Currency :: instead of some Centralized or Decentralized (Stock) Exchange. That means, You Get to Set Whatever Digital Currency Exchange Rate tickles your fancy. The choice is yours!
That is the beauty of "not being listed on an exchange" although the idea that you should not get your currency listed on an exchange sounds so preposterous and is anathema to nearly ALL digital currency creators and owners.
For them, not being listed on an exchange conjures up the image of a baby in the womb who is disconnected from the mother's umbilical cord. Their first intuition and reaction is: How will we survive? How will anybody get to know about our currency? How will people be able to buy our digital currency? How will people be able to trade our digital currency? How will we or anyone else get to know or determine the market value of our digital currency? How could our digital currency ever get a chance to reach top bitcoin-dollar status? How will we be able to make any (fiat) money to pay our bills, for payroll, marketing, innovation, expansion, etc.? Is Pierre insane, some sort of lunatic who is telling us to commit suicide; or is he on to something or seeing something that we are unable to see?
Nonetheless, whether or not CloudCoin is listed on one or a dozen Centralized and Decentralized Exchanges, the Creator of CloudCoin, in its de facto Central Bank capacity, still has the prerogative to set the digital currency exchange rate for those who are not going through such exchanges. The fun is just getting started, so read on because the best is yet to come.
Power of Any Merchant or Service Provider to Set the Value of CloudCoin. As a Merchant Who Is Willing to Accept CloudCoin, one of these Trailblazers and Pioneers, "How do you set the VALUE of CloudCoin?" It's also up to you.
For example, not long ago, I decided to accept CloudCoin pegged to the US Dollar on a 1:1 basis. Lately, I decided to accept CloudCoin based on an artificial currency conversion rate listed on an alpha CloudCoin Exchange site. Within the next 30 days, I intend to use a new CloudCoin pricing mechanism for ALL our services (e.g., 1 CloudCoin for each USD $.20 ::20 Cents:: of services listed on our websites). At some future date, I may decide to accept 1 CloudCoin for every USD $2 of services offered on our websites. At some later date, I may even decide to accept 1 CloudCoin for every USD $10 of services. No need to worry about any Centralized or Decentralized Exchange rate or the Creator of CloudCoin's digital currency exchange rate. As a merchant willing to accept CloudCoin, I am the Exchange. I am my own digital currency Central Bank. I set the digital currency Exchange Rate for my organization. The Choice Is Mine!
Power of Any Ordinary Individual to Arbitrarily Set the Value of CloudCoin. For example, let's say that the CloudCoin:USD exchange rate on Decentralized Exchange A is 1:$0.15 (One CloudCoin for 15 Cents). Your car is a gas guzzler. You live from paycheck to paycheck. You are just 2 days away from getting your paycheck directly deposited into your bank account. Your car's fuel gauge is sitting on empty and you doubt you'll be able to make it to work.
However, you got about 10,000 CloudCoins which you acquired from CloudCoin at an exchange rate of 1 CloudCoin::$.03 for a total of USD $300. These CloudCoins are sitting in your Currency portfolio as a hedge against any kind of bank failure or emergency :: but also to help you to establish some sort of fiscal discipline since you have a tendency to buy things on impulse when money in your pocket or on your debit card is burning a hole in your pocket and begging you to spend it.
So you text your friend Jack and offer to exchange 20 CloudCoins for $20 so you can put gas in your car. Jack, who doesn't know diddly squat about digital currencies, agrees and goes online and sends you the $20 via Zelle. Within a couple of minutes, the $20 is deposited in your account. Within seconds, you email the 20 CloudCoins to Jack. Within seconds, Jack sends you a "Thank you for the CloudCoin" text message. You just accomplished all that within 3-5 minutes without the need for an exchange. You drive to the gas station and problem solved.
One year later, Jack hears something in the news about something called CloudCoin. It suddenly dawns on him that he does have 20 CloudCoins and, out of curiosity, he decides to get on Google in order to find out how much it's worth. Lo and behold, he finds out that there is a Decentralized Exchange which has a CloudCoin pegged at a $5 exchange rate.
But, he also finds out that there are a bunch of merchants out there who are using their own CloudCoin exchange rate for their products and services. The digital currency conversion rate on all these merchant websites ranges anywhere from $2 - $10 per CloudCoin. That's when he realizes that his 20 CloudCoins have a value which ranges anywhere from $40 - $200. Not bad at all for helping out a friend in need.
TO ILLUSTRATE, here is a live and glaring example that every single CloudCoin owner can duplicate: A Private CloudCoin Exchange
This Power That We All Have Is Possible Only Because of CloudCoin's Features. The decision to forego the monkey see, monkey do ICO and the blockchain route and to instead focus on: (a) independence from centralized currency exchanges (I believe that the freedom from exchanges feature was out of necessity instead of some grand strategic design - as the old adage goes, necessity is the mother of invention); (b) simplicity in terms of ease of acquisition, storage, transfer and use of CloudCoin; and (c) 100% security, nearly instant authentication, and survivability; does indeed demonstrate "genuine thinking-out-of-the-box." That is the beauty of it all.
Although what I am about to say may seem to be very counter intuitive, nonetheless, I personally believe that this total and absolute independence from both Centralized and Decentralized Exchanges is a real game changer feature for CloudCoin. It allows all CloudCoin holders the power to begin to make a transition from economic slavery to economic freedom.
Otherwise, the most progress that CloudCoin users could have ever hoped to achieve would have been an opportunity to make a transition from economic slavery to economic serfdom. These exchanges, be it centralized or decentralized, primarily exist for the purpose of making sure that you are always tied down to the slave plantation or that you remain connected to it in some fashion or another. Not being obligated to use any exchanges gives you a sense of Total Economic Freedom.
Moreover, CloudCoin empowers every single stakeholder in many other ways. When you take into consideration all of the features I have already outlined, it provides an unprecedented amount of Decentralized, Distributed and Real Power to each and every single one of us. Thus the reason I have described CloudCoin, in addition to being a "perfect digital currency," as the very first and only Decentralized, Distributed Digital Currency.
Sometimes, I am not quite sure if the creator of CloudCoin has taken the time to fully understand the significance, importance and ramifications of what he and his colleagues have unleashed unto the world as well as the positive, breathtaking and lasting impact it will have on our civilization - and humanity, in general.
I say that for one primary reason: Wherever he goes, you can almost predict every word he is going to say about CloudCoin. I view that as a mistake since CloudCoin appeals to so many constituencies around the globe. And since Sean Worthington can't be at all places at once, then this treatise should, at the very least, help him to communicate to each and every single constituency around the globe.
The Beauty of It All. There Is a Method to the Madness. This decentralized and distributed power will bring out an army of software developers and blockchain technology developers who will in turn develop apps and bots that will crawl the internet in order to review and analyze merchants which accept CloudCoin; the smorgasbord of prices for a range of products and services; actual sales figures; sales comparison data using various filters; and all sorts of CloudCoin indices in order to arrive at a statistical fiat market and exchange value of each CloudCoin. That is how we can all spur the adoption of CloudCoin worldwide - through actual everyday transactions instead of investment speculation on Exchanges.
In other words, these everyday transactions are designed to thwart the undue influence of a few Exchanges, CloudCoin whales, government interference and intrusion, and the perverse incentives of the financial markets; and put the power of setting the FIAT VALUE of CloudCoin into your very own hands.
- 100% Resistant to any Witch Hunt, Coercion, Blackmail, Abuse, Confinement, Torture, Theft, Extortion, Racketeering and Financial Terrorism by Any Government. CloudCoin makes you invisible to rogue and tyrannical governments around the world who persecute and try to rob or render destitute their citizens under color of law.
(By the way, can you imagine how frustrated Saudi authorities would have been if the Saudi Royals who were recently abducted and confined to the Ritz-Carlton hotel in Riyadh (in 2017) - so they could learn how to properly bond with fellow royals - had a good share of their fortune in CloudCoins?)
Since there is no third party or central location that any government can go to in order to compel anyone to provide access to your CloudCoins, that means there is no one and no government anywhere on planet Earth which can gain access to and steal your CloudCoins under color of law.
No different than having an invisible shield around you or some guardian angel looking over you (that is, of course, assuming that you are a religious person or one of the good guys).
- 100% Resistant to any Witch Hunt, Coercion, Blackmail, Abuse, Confinement, Torture, Theft, Extortion, Racketeering and Financial Terrorism by Any Money Laundering, Criminal or Terrorist Organization. CloudCoin also makes you invisible to money launderers, drug dealers, rogue intelligence agencies and other criminals, but for a different reason. By keeping your financial information private, CloudCoin prevents these bad actors from contacting you and trying to co-opt you through stings and various human compromise operations so you can do their bidding. (You'd be amazed at the number of these shady characters from all over the world who have tried to approach me, to a point where I had to write a long article to share with them and get them to back off.)
No different than having a long wall between you and some very disgusting people that you don't care to associate with.
- For Ordinary People: The Power to Diversify Your Currency Portfolio: A Hedge Against Bank Failures. Now any ordinary person :: regardless of your socioeconomic status :: can instantly take a look at the total amount of your Currency portfolio and take steps to diversify it by converting a percentage of your existing currency (i.e., Cash in the form of banknotes, central bank notes, circulating coins, commemorative coins, numismatic coins, bullion coins, etc.) into one or more alternative currencies.
As of today's date, the best and safest alternative currency is the perfect digital currency CloudCoin, although that status could change at any time due to the fast and furious pace of innovation in the digital currency field.
That means, no matter where in the world you are located (USA, US Territories, Italy, Greece, Russia, China, Korea, Turkey, Venezuela, Iran, etc.) if your bank fails, you don't have to worry about losing everything that is not insured by the federal government, if any. Even if the US government were able to recoup most of the losses suffered and cover your uninsured deposits and other investments, at best, you are talking about waiting for a good five to six (5-6) years.
Diversifying your Currency portfolio means you won't have to worry about not being able to pay for your regular monthly expenses when your bank fails. Depending on where in the world you live, you can always convert some of your CloudCoin currency back into US dollars or some other currency like Euro, etc., and then convert them into your local currency, if required.
Ask any Wall Street insider and they will tell you that the US financial system we have in place today is really no different than the one we had 10 years ago during The Great Recession of 2008.
In a recent Daily Intelligencer article by Nick Tabor, August 9, 2018 "Sheila Bair on What Hasn’t Changed Since the Great Recession," according to Sheila Bair, President of Washington College and 19th Chairman of the Federal Deposit Insurance Corporation ("FDIC") from June 2006-2011, "Set the morality aside; it’s just dumb economics to have a system like this where you’re propping up inefficient, bloated institutions. So there are good economic reasons to not have the system we had in 2008 .... I think we won’t know until a big bank gets in trouble again. Then we’ll see what happens."
- For Retirees: The Power to Diversify Your Currency Portfolio: A Hedge Against the Decimation of Retirees' Savings. During The Great Recession of 2008, in just the last two quarters of that year, over $2.5 trillion was wiped out of American retirement savings which were held in IRA and 401(K) accounts. Contrary to public opinion, the investments made by the managers of these retirement funds are NOT as conservative as you might think. These investments are all subject to the vagaries of the volatile financial markets.
As a result, many retirees who were enjoying the peace and comfort of their retirement saw the value of their retirement accounts decimated by nearly 43-60%; and many had no choice but to get back into the labor force doing menial labor or working at Walmart and other places as door greeters, etc. It is estimated that the 2008 Financial Crisis wound up costing Americans anywhere from $13-15 trillion.
Just Imagine, you bought into the idea of retirement, Social Security, employer-provided pension, IRA and 401(K) plans, other investments, personal savings, and your time finally comes to say a retirement good-bye to your fellow colleagues.
One day you wake up and take a look at your retirement portfolio Currency balance and see $600,000. And the next day you wake up, you turn on the television and begin to hear a lot of talk about "some big financial crisis," just like a tsunami that comes without warning out of nowhere. So you hurry up online to review your Currency portfolio again and, lo and behold, you see a total Currency balance of $270,000. How could this happen? Thus the reason why you need to diversify your Currency portfolio!
If you think that this will never happen again, guess what! According to a recent Daily Intelligencer expose, "Ten Years After the Crash, We Are Still Living in the World It Brutally Remade," the market today is just as much a Casino as it was during the years which led to The Great Recession of 2008.
Moreover, over the past couple of years, David Stockman who served as Director of the Office of Management and Budget under President Ronald Reagan (1981 - 1985), and a renowned veteran financier, has been very adamant about the risks of an even greater crisis than The Great Recession of 2008. His views are well-documented in Adam Taggart's August 10, 2018 article, "David Stockman: The World Economy Is At An Epochal Pivot :: A 'Great Reset' approaches."
Therefore, existing retirees should take immediate steps to diversify their Currency portfolio by converting a percentage of their existing Currency (i.e., Cash in the form of banknotes, central bank notes, circulating coins, commemorative coins, numismatic coins, bullion coins, etc.) into one or more alternative digital currencies.
At the risk of sounding like a broken record, as of today's date, CloudCoin is the best and safest alternative digital currency to consider from such list.
- For Pension Fund Members: The Power to Diversify Your Currency Portfolio: A Hedge Against Pension Fund Failures. There are so many pension funds all across the United States that are on the verge of failure or extinction that it is highly likely that just about every single reader of this article will fall into one or more of these categories: a) is either directly affected, b) will be affected, c) has one or more family members who either are now affected or will be, and, last but not least, d) knows of one or more friends, colleagues and associates who either are now, or will soon, be affected by this wave of pension fund failures.
In the grand scheme of things, what exactly does that mean? That means most pension funds are only 50-68% funded and a major disaster in the financial markets is all it takes in order for them to outright fail or file for bankruptcy. Moreover, since 2014, thanks to the US Congress, it has become legal to slash retiree benefits. The only exception to this nightmare is current retirees who are at least 80 years old. If you are younger than 75 years old, then it's open season.
I know that some of you are probably thinking: "I thought that these pension funds were insured by the federal government agency Pension Benefit Guaranty Corporation (PBGC)."
Well, you are partly right! However, when a pension fund fails, retiree benefits are substantially reduced for the pension funds that are covered by PBGC.
The following information is taken directly from PBGC's website:
What types of plans does PBGC insure?
PBGC insures defined benefit plans offered by private-sector employers. Most promise to pay a specified benefit, usually a monthly amount, at retirement. Others, including cash-balance plans, may state the promised benefit as a single value. PBGC does not insure defined contribution plans, which are retirement plans that do not promise specific benefit amounts, such as profit-sharing or 401(k) plans.
These FAQs cover only single-employer plans, which are normally sponsored by an individual company for the benefit of its workers. Another PBGC program insures multiemployer plans covering unionized workers of non-related employers in the same industry, such as trucking or construction.
Generally, PBGC's guarantee is based on a pension for each year of service a person earns under his or her pension plan. We sometimes summarize the maximum guarantee as $12,870 per year (for a retiree with 30 years of service).
Seriously, can anyone in the United States survive on $12,870 per year? Thus the reason why you need to diversify your Currency portfolio by converting some of your existing currency into alternative digital currencies. (I won't try to remind you that CloudCoin is the safest and best alternative digital currency.)
- For Pension Funds Worldwide: The Power to Diversify Your Currency Portfolio: A Hedge Against the Vagaries of Financial Markets. No doubt your pension fund allocation for exotic, high-risk alternative investments involves anywhere from 18-22% of the total fund; which makes it susceptible and vulnerable to any kind of Black Swan event in the financial markets.
As of this writing, a number of investment banking firms and traditional commodity and stock exchanges around the world are making a mad dash to include cryptocurrencies in such list of exotic, high-risk alternative investments - starting with Bitcoin and a small number of others. These current and potential players include Goldman Sacks, Chicago Mercantile Exchange (CME) Group, Chicago Board Options Exchange (CBOE), Jamaica Stock Exchange, Swiss Stock Exchange, Intercontinental Exchange (ICE) - parent of New York Stock Exchange and 22 other leading stock exchanges around the world, Gibraltar Stock Exchange:: through Gibraltar Blockchain Exchange (GBX), Coinbase Custody, etc.
According to Coinbase CEO Brian Armstrong,
"Over 100 hedge funds have been created in the past year exclusively to trade digital currency. An even greater number of traditional institutional investors are starting to look at trading digital assets (including family offices, sovereign wealth funds, traditional hedge funds, and more).
"When we speak with these institutions, they tell us that the number one thing preventing them from getting started is the existence of a digital asset custodian that they can trust to store client funds securely."
According to a Pantera Capital's advertisement, "They also discussed the importance of having a diversified investment portfolio, which is why Pantera’s digital asset funds typically hold 30 different cryptocurrencies."
As well, Charles Hodge of Milliman explores in a March 9, 2018 article: "Bitcoin: Should plan sponsors consider it for retirement plans?"
I know I am about to confuse you a bit since the latter paragraphs seemed to indicate that I was building a case for pension funds to invest in cryptocurrencies, However, That Is Not At ALL The Case. The problem is that these cryptocurrencies are merely being assimilated, embedded or integrated into the list of exotic, high-risk alternative investments that are currently embraced by the financial markets. In other words, these cryptocurrencies are being treated as "more of the same" :: just another exotic, high-risk alternative investment vehicle - a very dangerous path that I believe will lead to many far-reaching and unintended consequences.
Instead, I propose that these cryptocurrencies and cloud currencies ("digital currencies") should be treated in a manner which befits and reflects their actual status and purpose:: a pure Currency just like any other official fiat currency.
In which case, these digital currencies should be part of a diversified Currency portfolio instead of being considered a part of a diversified Investment portfolio. It is important to note the nuances between the two of them which I'll explain in a couple of seconds.
(Please note I am not referring to tokens or utility tokens which are required to operate within a permission-based environment; or any other investments in blockchain technology.)
For example, to continue with the CloudCoin analogy, converting a certain percentage of your current Cash position in US dollars into CloudCoins would be no different than diversifying your Currency portfolio to include more than one currency (e.g., US, Euro, Swiss Franc, Bahraini Dinar, British Pound, Caymanian Dollar, Kuwaiti Dinar, etc.) in order to protect your organization against any volatility in the financial markets.
Nor would it be any different than setting up an international bank account which allows you to maintain balances in multiple currencies. Other than incurring a foreign exchange conversion fee, switching from one currency to another does not trigger any ordinary income or capital gain since you are not an official trader of foreign currencies. In which case, you have a diversified Currency portfolio instead of a diversified Investment portfolio.
However, if you are actively purchasing (trading) these cryptocurrencies as part of a diversified investment portfolio strategy--instead of converting Cash to another currency--then you are actively trading and investing in cryptocurrencies; no different than investing in any other investment assets; thus becoming subject to all applicable income reporting requirements in your jurisdiction.
Hence the reason why you need to diversify your Currency portfolio by converting some of your existing currency into alternative digital currencies. In this particular case, being a pension fund, it would be best to convert some of your existing exotic, high-risk alternative investments into Cash and then convert such cash into alternative digital currencies. (I won't try to remind you that CloudCoin is the safest and best alternative digital currency. Contact Sean Worthington, Inventor)
For Corporate Treasury Departments Worldwide: The Power to Diversify Your Currency Portfolio: A Hedge Against the Vagaries of Financial Markets.
Ditto the above info for A Pension Fund's Hedge Against the Vagaries of Financial Markets. Regardless of where in the world your country is located, every single corporation's treasury department should take heed of this information.
For Federal Government Treasury Departments: The Power to Diversify Your Currency Portfolio: A Hedge Against the Vagaries of Financial Markets.
Ditto the above info for A Pension Fund's Hedge Against the Vagaries of Financial Markets. Regardless of where in the world your country is located, every single nation's treasury department should take heed of this information.
For City Government Treasury Departments: The Power to Diversify Your Currency Portfolio: A Hedge Against the Vagaries of Financial Markets.
Ditto the above info for A Pension Fund's Hedge Against the Vagaries of Financial Markets. Regardless of where in the world your country is located, every single city government's treasury department should take heed of this information.
For County Government Treasury Departments: The Power to Diversify Your Currency Portfolio: A Hedge Against the Vagaries of Financial Markets.
Ditto the above info for A Pension Fund's Hedge Against the Vagaries of Financial Markets. Regardless of where in the world your country is located, every single county government's treasury department should take heed of this information.
For State or Provincial Government Treasury Departments: The Power to Diversify Your Currency Portfolio: A Hedge Against the Vagaries of Financial Markets.
Ditto the above info for A Pension Fund's Hedge Against the Vagaries of Financial Markets. Regardless of where in the world your country is located, every single state or provincial government's treasury department should take heed of this information.For Venture Capital Firms Worldwide: The Power to Diversify Your Currency Portfolio: A Hedge Against the Vagaries of Financial Markets.
Ditto the above info for A Pension Fund's Hedge Against the Vagaries of Financial Markets. Regardless of where in the world your country is located, every single venture capital firm should take heed of this information.
For Angel Investment Firms Worldwide: The Power to Diversify Your Currency Portfolio: A Hedge Against the Vagaries of Financial Markets.
Ditto the above info for A Pension Fund's Hedge Against the Vagaries of Financial Markets. Regardless of where in the world your country is located, every single angel investment firm should take heed of this information.
For the Average Person: The Power to Diversify Your Currency Portfolio: A Hedge Against Currency Devaluation. What is currency devaluation? In a nutshell, that's when your nation's currency loses value against another nation's currency. For example, if $1 (one US dollar) were worth CS 5 (5 Cawonda Shillings), and next week, that same $1 is now worth CS 10 (10 Cawonda Shillings), that means the Cawonda Shilling currency has suffered a 100% devaluation against the US dollar.
Which means it now costs a Cawonda citizen twice as much to purchase one item that is traded in or tied to US dollars. However, there is one problem with that: your Cawonda wages haven't gone up 100% to make up for that 100% price increase (100% inflation rate with respect to purchases tied to USD). And if the devaluation of your country's Currency keeps increasing, pretty soon the inflation rate could go up to 1 billion %, to a point where your nation's currency is not even worth the value of one sheet of toilet paper and you won't be able to afford to buy anything that is traded in or tied to US dollars.
For those of you who know very little about the world of finance, I know what some of you may be thinking: "Surely, Pierre has a flair for dramatization." Well, it is happening right now this very second in Venezuela. To illustrate, not long ago, the currency exchange rate of $1 (one US dollar) for Venezuelan Bolivar was 10 Bolivars. However, ever since the US began to take a great deal of interest in Venezuela (I am being very kind here with my choice of words) $1 today is now worth 207,100 Bolivars which are practically worthless.
Just Imagine That, practically overnight, an entire economy destroyed and a currency made worthless. You would need to push several wheel barrows of Bolivars down to a local store in order to purchase something that only costs USD $1. This amounts to the collective punishment of every single ordinary Venezuelan who is not an oligarch or super wealthy; thus does not have Swiss bank accounts and other foreign bank accounts in different currencies to fall back on.
Therefore, in reality, the Venezuelan government had to practically abandon their own official currency and Switch to An Alternative Digital Currency, the national crypto currency Petro (petromoneda) in order to survive.
But this is not a fluke event. It has already happened in Zimbabwe, whereby the currency devaluation percentage went to such a high number that you could not even pronounce it (way past the quintillion range); to a point where they had to use exponents to describe the number. As a result, the Zimbabwean dollar had to be dissolved completely in 2009 and replaced with a basket of foreign currencies (i.e., Zimbabwe no longer has an official currency).
I could give you countless more currency devaluation examples in terms of what is happening right now, this very second (with Russia, China, Turkey, Iran, Brazil, Argentina, South Africa, Nigeria, etc.), however, the foregoing examples should be sufficient.
The point being, regardless of where in the world you are located, and no matter how rich or poor you may be, it's time for you to diversify your Currency portfolio by converting some of your existing currency into alternative digital currencies before your country's official currency is attacked by the powers-that-be and becomes worthless. (Again, I won't try to remind you that CloudCoin is the safest and best alternative digital currency.)
- For the Average Person: The Power to Diversify Your Currency Portfolio: A Hedge Against Foreign Currency Manipulation. Even when there is no coordinated attack by malevolent state actors to destroy your country's currency and economy, you must keep in mind that we have always lived in a world of people who are full of greed and could care less if their actions result in wiping out all of your savings and possessions.
Moreover, how many ordinary folks know anything at all about stocks, exchange-traded fund (ETF), ultra ETF, water ETF, synthetic ETF, ETF wrap, ETF sponsor, inverse ETF, credit default swap (CDS), derivatives, fixed-income derivatives, credit derivative, mortgage-backed derivative, inflation derivative, price swap derivative, weather derivative, exchange, over-the-counter (OTC), exchange rates, spot rate, forward rate, interest rate differentials, floating exchange rate, options, short option, long option, call option, put option, swaps, interest rate swaps, futures, currency futures, forward contracts, futures contracts, counterparties, hedging, etc.?
The point being, why invest your hard earned income in things that you don't understand? Why trust others to make the right decision on your behalf (even when they are acting in good faith)? But the financial markets is One Big Casino. It is the turf of all these financial wizards or elves dealing with all these exotic financial products that most of us know absolutely nothing about. Regardless of what they tell you or may want to lead you to believe, they know it's a risky business that is full of highs and lows. And whenever they make the wrong call, or the cookie crumbles, guess whose money is at risk?
Thus the reason to diversify your Currency portfolio by converting some of your existing currency into alternative digital currencies before "the game of numbers" catches up with you and most, if not all, of your Currency portfolio disappears into a cloud of smoke. (Again, I won't try to remind you that CloudCoin is the safest and best alternative digital currency.)
- For the Average Person: The Power to Diversify Your Currency Portfolio: A Hedge Against Currency War On Your Country. In a recent Seeking Alpha article by The Heisenberg, August 11, 2018 "I Called A Currency Collapse," he states "On Friday evening, Bloomberg reported that banks in Turkey were struggling to meet customer demand for foreign currency."
We are talking about "ordinary people" trying to safeguard whatever little currency that they have -- not a bunch of wealthy folks, tycoons or oligarchs. You'll notice that they weren't trying to pull their money out of their account, instead they were merely trying to do what I have been recommending to each and every single one of you, regardless of where in the world you are located: Diversify your Currency portfolio by converting some of your existing currency into alternative (digital ) currencies. In fact, many of these ordinary people in Turkey who could not convert to a "foreign currency" got smart (without the benefit of my advice) and decided to switch their demand to alternative digital currencies (e.g., Dash, Monero, Bitcoin, Ethereum, etc.).
Although they have the right idea, what they are failing to understand is that, no fiat currency is exempt from attack or volatility. Thus the reason why the conversion of their existing Currency must be into alternative digital currencies. Keep in mind that any quantity of digital currencies can always be converted back to fiat currencies when the need arises in order to meet your regular daily or monthly financial obligations. The Key is to Park your existing currency within the relatively safe environment of an alternative digital currency. (Again, based on all the attributes of CloudCoin I have already shared with you, I believe that CloudCoin is the safest and best alternative digital currency on the market today.)
- For the Average Person: The Power to Diversify Your Currency Portfolio: A Hedge Against Financial Sanctions and Financial Terrorism by State Actors. And, last but not least, I want to be very clear about this Hedge recommendation. It is not intended for specific individuals who are currently under sanctions by the US government or any other government. It is strictly intended for the benefit and welfare of the general population of our entire planet.
This qualification statement is not out of fear of any existing US laws (or any other laws anywhere in the world) but rather out of a sober realization that I am not privy to any of the reasons or justifications for such actions :: be it bona fide, bogus, bullshit, tit-for-tat, stupid games that state actors play, palace intrigues, or just the game of realpolitik :: and it's neither my job nor responsibility to take sides, intervene or adjudicate. Therefore, I will not allow myself to get sucked into or be drawn into a stupid game that a bunch of overgrown children as well as primitive and barbaric savages are playing. Now, that I have gotten that out the way, let us move on.
Let's face it, whenever a country is under attack from sanctions, regardless of what the State Actor Attacker(s) may say, the idea is always to make the people :: innocent men, women, children, babies, the elderly, the infirm, and the sick :: suffer so horribly that they will associate their pain with their current leaders. Thus will do whatever needs to be done; utilizing whatever means they have at their disposal (including a little help from the State Actor Attackers); in order to make the pain go away.
Therefore, whether or not your country is currently under sanctions, this information is intended to insulate you, individually, from the pernicious and evil effects of sanctions inflicted by a horde of diabolical, primitive and barbaric savages on any country's general population whenever that monster decides to rear its head.
Since all sanctions include a devastating "financial component," then you need to insulate yourself from such weapon by doing what I have been spouting throughout this article at every opportunity: Diversify your Currency portfolio by converting some of your existing currency into alternative digital currencies. (Thus, I believe that CloudCoin is the safest and best alternative digital currency on the market today.)
The key is to begin NOW. If you wait to take action when you start to hear the news that Country A is about to level biting sanctions against your country, by that time the diversification of your Currency portfolio might be a little too late to be of significant help over a long period of time. Nonetheless, it will be of some benefit.
As the old saying goes, an ounce of prevention is worth a pound of cure.
- How You Can Get CloudCoin: The easiest way to convert any small amount of Currency into CloudCoin if you are based in the United States is at this location. Here is an alternate location where you can also convert your fiat Currency into CloudCoin. With respect to foreign currencies, you will find contact information for inquiries.
No different than going to your local bank or branch before making a trip to London; request to convert some of your dollars into British Pound Sterling; put your new sterling pound Currency in your pocket, pouch or purse; say good-bye and then walk out the door.
Corporations, Governments, Pension Funds are encouraged to contact Sean Worthington at CloudCoin directly.
Therefore, in order to keep you focused on Your Own Digital Currency Narrative, always keep in mind that a currency is good for two things: 1) To pay for things (i.e., Goods, Products, Services, Fixtures, Equipment, Real Estate, Investment Securities - regardless of the underlying asset(s), Investments, etc.), excluding pure currencies. 2) To convert or exchange into another pure currency.
(Although the value of a basket of pure currencies may be used as the underlying assets for structuring certain investment securities - at which point, you are no longer dealing with a pure currency but rather an investment security.)
Therefore, the people who deserve preferential treatment with respect to the currency exchange rate for your digital currency are the people who can bring stability to its value.
Who are these people? It's every single member of the global population. From every city, town, village and hamlet. It is the meek among us who will have the greatest influence on the value of your digital currency. As the old saying goes, the meek shall inherit the earth.
How are you going to introduce them to your digital currency? Contrary to conventional wisdom, the focus should be on their Community Leaders who are well-educated on the need for your digital currency - not on Centralized or Decentralized Exchanges.
Thus the reason for my taking the time to write this extensive document that I fondly refer to as "The Digital Currency Adoption Bible":: with the expectation that you will share this learning document with every single Sympathizer, Supporter, Collaborator, Executive Leadership Team Member, Staff Member, and Community Leader in every city, town, village and hamlet around the world.
However, out of deference to as well as respect and sensibility for atheists and believers around the world who practice various faiths, I made a last minute decision to omit the word "Bible" from the title of this treatise in order to keep everyone focused on the message and knowledge that I seek to impart. (By the way, I have absolutely nothing to do with religion.)
Thus the reason why I strongly believe that CloudCoin should immediately introduce the Cloud Cents concept that Sean Worthington mentioned in a previous video. His idea is that, to paraphrase, when CloudCoin becomes very valuable and its exchange rate balloons to a bitcoin-stratosphere, then would be the right time to introduce the Cents.
Instead, I believe it should be the other way around. As I previously recommended under the section :: The Story About Your Digital Currency (Item #3) :: I believe that CloudCoin should introduce [yesterday] not only Cents but also MilliCents and MicroCents to be formally named: CloudCoin Cent™, a CloudCoin MilliCent™, CloudCoin MicroCent™. (Trademark reserved for CloudCoin.)
(For all other digital currency creators, you are more than welcome to introduce your own Monero Cent, Monero MilliCent, Monero MicroCent, etc. I release all claims to such trademark or service marks.)
The introduction of these various cent denominations for local currency or barter value micro transactions across the globe will have a Monumental Effect in spurring the adoption of CloudCoin in every hamlet, village, town and city around the world and make it so valuable that its exchange rate may eventually balloon to its very own CloudCoin-stratosphere.
In fact, I can even envision many of these remote communities eventually shunning their local currencies altogether in favor of using CloudCoin as their de facto local and official currency. Here is something that could be pure ecstasy: the introduction of the MicroCents could spur the creation of an entirely brand new local economy all based around it.
Just Imagine this for a brief second: Some goat herder in a remote village in Kenya places a Currency Exchange request for 1,000,000 (Million) CloudCoin MicroCents at an exchange rate of USD $1 per CloudCoin. (Keep in mind that 1 CloudCoin equals 1 Million Microcents).
After getting his One Million Cloudcoin MicroCents, what do you think he is going to do with it? I started to tell you what I have in mind in terms of the awesome possibilities that I see, etc.. However, I had to control myself and contain my enthusiasm. Otherwise, I would have wound up adding another 20 pages to this treatise. Instead, here is my answer:
There is one thing that I've learned during my entire time here on this planet. I have never come across another human being who was really that much different than any other human being.
That means, whatever it is that might be going through your mind right now this very second, you can be guaranteed that there is a whole bunch of these goat herders out there who are thinking the exact same thing.
It's like betting in 2003 on how a big a share of the search engine market that Yahoo is going to gain by the year 2013. Google would have been very amused, to say the least. I am sure you know why.
It's also like betting in 2005 on how big a share of the online social network space that MySpace is going to grab by 2015. Facebook would have also been very amused.
With respect to Bitcoin, I guess betting today in 2018 regarding how high its dollar value is going to be in 2028 is also bound to amuse CloudCoin or any other new digital currency kid on the block. I'll place my bet on CloudCoin strictly on the basis of what I already know about it as well as how much more interesting I know it could be down the road. But it can just as well be any other digital currency since none of us has a crystal ball or time machine that can give us a glimpse of the future.
- Tier I. General Public Worldwide
1 Digital Currency Unit : USD $ .01 - .99 (A Flat Exchange Rate for Year 1)
100 Cent Stack: Ditto exchange rate of 1 Digital Currency Unit
1,000 MilliCent Stack: Ditto exchange rate of 1 Digital Currency Unit
1,000,000 MicroCent Stack: Ditto exchange rate of 1 Digital Currency Unit
Minimum Number of Digital Currency Units per Conversion: None
Maximum USD amount per Digital Currency Conversion: $500
In this particular instance, you will notice that the general population gets a preferential exchange rate for the simple reason that it is them who will have the greatest impact on driving up both the value and the global adoption of your digital currency as well as bring stability to its value - not the big shots. Moreover, it is the big shots with their large portfolio of your digital currency who stand the most to gain from the efforts of the general population. Thus, it can be said that the general population justly deserves their preferential exchange rate. As you can see, it's a Win-Win for all parties involved.
- Tier II. Small Businesses (Up to $50 Million in Revenues)
1 Digital Currency Unit : USD $ 1 - 12 Exchange Rate (Phase 1 - 12)
100 Cent Stack: Ditto exchange rate of 1 Digital Currency Unit
1,000 MilliCent Stack: Ditto exchange rate of 1 Digital Currency Unit
1,000,000 MicroCent Stack: Ditto exchange rate of 1 Digital Currency Unit
Minimum Number of Digital Currency Units per Conversion: 100 Units
- Phase 1 / Month 1 Exchange Rate - $1
- Phase 2 / Month 2 Exchange Rate - $2
- Phase 3 / Month 3 Exchange Rate - $3
- Phase 4 / Month 4 Exchange Rate - $4
- Phase 5 / Month 5 Exchange Rate - $5
- Phase 6 / Month 6 Exchange Rate - $6
- Phase 7 / Month 7 Exchange Rate - $7
- Phase 8 / Month 8 Exchange Rate - $8
- Phase 9 / Month 9 Exchange Rate - $9
- Phase 10 / Month 10 Exchange Rate - $10
- Phase 11 / Month 11 Exchange Rate - $11
- Phase 12 / Month 12 Exchange Rate - $12
Maximum USD amount per Digital Currency Conversion: $10,000
In this instance, I have applied the very same principle that I used to provide a preferential exchange rate for the general population (i.e., who will have the greatest impact on driving up both the value and the global adoption of your digital currency as well as bring stability to its value). In this case, it is small businesses which will have the next best impact. And it is the big shots with their large portfolio of your digital currency who stand the most to gain from the efforts of the general population and small businesses. As you can see, it's a Win-Win for all parties involved.
- Tier III. Medium-Sized Businesses ($50 Million - $1 Billion in Revenues)
1 Digital Currency Unit : USD $ 5 - 16 Exchange Rate (Phase 1 - 12)
100 Cent Stack: Ditto exchange rate of 1 Digital Currency Unit
1,000 MilliCent Stack: Ditto exchange rate of 1 Digital Currency Unit
1,000,000 MicroCent Stack: Ditto exchange rate of 1 Digital Currency Unit
Minimum Number of Digital Currency Units per Conversion: 10,000 Units
- Phase 1 / Month 1 Exchange Rate - $5
- Phase 2 / Month 2 Exchange Rate - $6
- Phase 3 / Month 3 Exchange Rate - $7
- Phase 4 / Month 4 Exchange Rate - $8
- Phase 5 / Month 5 Exchange Rate - $9
- Phase 6 / Month 6 Exchange Rate - $10
- Phase 7 / Month 7 Exchange Rate - $11
- Phase 8 / Month 8 Exchange Rate - $12
- Phase 9 / Month 9 Exchange Rate - $13
- Phase 10 / Month 10 Exchange Rate - $14
- Phase 11 / Month 11 Exchange Rate - $15
- Phase 12 / Month 12 Exchange Rate - $16
Maximum USD amount per Digital Currency Conversion: $500,000
Ditto the same principle and criteria I have applied with respect to providing a preferential exchange rate for the general population and small businesses. In this case, it is medium-size businesses which will have the next best impact. And it is the really big shots with their large portfolio of your digital currency who stand the most to gain from the efforts of the general population and small-to-medium size businesses. As you can see, it's a Win-Win for all parties involved.
- Tier IV. Large Businesses (Over $1 Billion in Revenues)
1 Digital Currency Unit : USD $ 10 - 21 Exchange Rate (Phase 1 - 12)
100 Cent Stack: Ditto exchange rate of 1 Digital Currency Unit
1,000 MilliCent Stack: Ditto exchange rate of 1 Digital Currency Unit
1,000,000 MicroCent Stack: Ditto exchange rate of 1 Digital Currency Unit
Minimum Number of Digital Currency Units per Conversion: 200,000 Units
- Phase 1 / Month 1 Exchange Rate - $10
- Phase 2 / Month 2 Exchange Rate - $11
- Phase 3 / Month 3 Exchange Rate - $12
- Phase 4 / Month 4 Exchange Rate - $13
- Phase 5 / Month 5 Exchange Rate - $14
- Phase 6 / Month 6 Exchange Rate - $15
- Phase 7 / Month 7 Exchange Rate - $16
- Phase 8 / Month 8 Exchange Rate - $17
- Phase 9 / Month 9 Exchange Rate - $18
- Phase 10 / Month 10 Exchange Rate - $19
- Phase 11 / Month 11 Exchange Rate - $20
- Phase 12 / Month 12 Exchange Rate - $21
Maximum USD amount per Digital Currency Conversion: No Limit
Ditto the same principle and criteria I have applied with respect to providing a preferential exchange rate for the general population and small-to-medium size businesses. However, in this case, large businesses will have nil to none impact ondriving up both the value and the global adoption of your digital currency. They merely stand to hugely benefit all around and from every possible angle from everybody else's efforts. Thus the reason for a fair exchange rate which reflects the extent of their contribution to the digital currency ecosystem.
- Tier V. Pension Funds and Treasury Departments of Governments Worldwide
1 Digital Currency Unit : USD $ 15 - 26 Exchange Rate (Phase 1 - 12)
Minimum Number of Digital Currency Units per Conversion: 1 Million Units
- Phase 1 / Month 1 Exchange Rate - $15
- Phase 2 / Month 2 Exchange Rate - $16
- Phase 3 / Month 3 Exchange Rate - $17
- Phase 4 / Month 4 Exchange Rate - $18
- Phase 5 / Month 5 Exchange Rate - $19
- Phase 6 / Month 6 Exchange Rate - $20
- Phase 7 / Month 7 Exchange Rate - $21
- Phase 8 / Month 8 Exchange Rate - $22
- Phase 9 / Month 9 Exchange Rate - $23
- Phase 10 / Month 10 Exchange Rate - $24
- Phase 11 / Month 11 Exchange Rate - $25
- Phase 12 / Month 12 Exchange Rate - $26
Maximum USD amount per Digital Currency Conversion: No Limit
Ditto the same principle and criteria I have applied with respect to providing a preferential exchange rate for the previous tiers of stakeholders. However, in this particular instance, pension funds and governments, contrary to public perception and conventional wisdom, will have absolutely NO impact on driving up both the value and the global adoption of your digital currency. Yet they stand to be the biggest beneficiaries from everybody else's efforts. Thus the reason for a fair exchange rate which reflects the tremendous amount of benefits they stand to gain from the global adoption of your digital currency.
- After reading this document, take some time to pause on it for at least a good 24 hours. There is no need to take any notes. Your brain is going to need a little bit of time in order to partially absorb all the information you've read. This is only natural, because the longer a document, the quicker people tend to want to read it and get it over with.
- Upon completion of the latter, then come back and read it again as if it were your very first time. However, this time around, you will begin to absorb more of it. Again, no need to take any notes. But this time around, be sure to plan to come back to this document within no more than 24 hours while everything is still fresh in your mind and beginning to make a bit of sense.
- Read it again a third time around. However, when you get to the section "The Story About Your Digital Currency," start breaking it down into the individual story ideas that I have outlined for each constituency you need to target, to wit:
1. Creator of Digital Currencies (Yourself!) :: 2. Your Sympathizers :: 3. Your Supporters :: 4. Your Commensalistic Collaborators :: 5. Your Mutualistic Collaborators :: 6. Any merchant or service provider :: 7. Any customer, client or buyer of goods and services :: 8. Any owner of a digital currency :: 9. Any ordinary saver :: 10. Any ordinary individual investor :: 11. Any ordinary bank customer :: 12. All retirees :: 13. All pension fund members :: 14. All Pension Funds :: 15. All corporate treasury departments :: 16. All federal government treasury departments :: 17. All city government treasury departments :: 18. All county government treasury departments :: 19. All state or provincial government treasury departments :: 20. All investment banking firms :: 21. All venture capital firms :: 22. All angel investment firms :: 23. Average person in any country suffering from Currency Devaluation :: 24. Average person in any country suffering from internal and external Foreign Currency Manipulation :: 25. Average person in any country affected by a Currency War on their country :: 26. Average person in any country affected by Financial Sanctions on their country.
Therefore, you are going to create 26 (twenty-six) separate draft documents that you are going to use as Initial Talking Points for each constituency. The idea is to prevent you from getting overwhelmed by the amount of information provided in this document so you can begin to FOCUS on developing your very own narrative for each constituency.
You will notice that I specifically omitted one constituency: potential members of your Executive Leadership Team. There is a critical reason for that. The only message you need to convey is the following:
"Our company is engaged in an epic effort and struggle which may have a lasting impact (on our civilization and the whole of mankind). You're welcome to provide me with your contact info so I can share with you the link to a treatise which captures the essence of what we are about:: Digital Currency Adoption Strategy for Cloud and Crypto Currency Companies. Should that be of interest to you, then you're welcome to reply to me directly. Upon receipt of a reply, I will forward your information directly to a Virtual Organization Recruitment firm which we have retained to handle our searches for us." (Omit the part in parenthesis if it is not CloudCoin; and customize it to suit your own organization.)
Why is that? The answer lies under the section: Where You Can Find Strategist Leaders, Visionary Leaders and Principled Geopolitical Leaders
The bottom line is this: It's such a thorough process that 99% of candidates won't stand a chance to go past the first round. Thus the reason why you need to create some distance between yourself, your organization, and the recruitment process. You don't want to alienate well-meaning, good, decent and smart people who can be useful and beneficial to your organization now or down the road in other ways (e.g., as Sympathizers, Supporters, Collaborators, Potential Clients, etc.) just because they are not a good fit for your Executive Leadership Team - at this stage of the game.
As well, the last thing that you need is a Trump administration turnover rate. This isn't The Apprentice, Washington or Regular Corporate Public Relations politics where crises can be engineered and people are forced to resign overnight. The Digital Currency Adoption effort promises to be an epic struggle and very brutal sport; and the only people you can afford to have on your Executive Leadership Team at this stage of the game are Visionary Leaders and Principled Geopolitical Leaders. Executives with nerves of steel instead of weak-kneed executives. Otherwise, the Established Order will crush your team faster than you can blink your eyelids.
Therefore, you cannot impose a time limit on when to bring them on board. That would be tantamount to suicide. That means, in the interim, your organization must be designed in such a way so that it can function efficiently without them.
(Hopefully, you're beginning to understand the beauty of the virtual organization management and virtual organization recruitment disciplines I have pioneered over the past 20 plus years.)
- So, Go ahead and Create the files for these 26 draft documents. Only assign a file name to each document using the aforementioned corresponding titles. The next action item will show you where to get the content.
- Next, Copy the basic info I have provided in this document for each constituency within the section "The Story About Your Digital Currency," and Insert it into the corresponding file.
- Once you have completed the latter, your job is done (for now).
- Look at your current short-term agenda and event schedule and take particular attention to the various constituencies you will either encounter or be addressing between now and the next 6 (six) months; that is, of course, assuming that you plan that far ahead.
- Next, Create a small list of these constituencies.
- Now go ahead and review the draft document(s) that you prepared for the constituencies on that small list in chronological order.
- In chronological order, now go ahead and write down your very own Initial Talking Points inside the draft document of each constituency you are about to encounter or address. Be sure to use the guidelines that I have highlighted in this document in order for you to be able to Create Your Own Narrative. As stated earlier, it's all about Creating Your Own Narrative. (Whoever Controls the Narrative, Controls the Agenda; and Whoever Controls the Agenda, Controls the World.)
For now, don't worry too much about having to Write a Story About Your Digital Currency for this constituency if you are pressed for time, thus unable to do so right away. The Initial Talking Points will suffice for now.
Otherwise, use this opportunity to do so right away in accordance with the guidelines I have previously outlined under the following section: The Story About Your Digital Currency (Item #1 - 3).
- Ditto the latter for all other encounters and events which fall beyond the 6-month horizon.
- In the interim, as time permits, you want to make sure that you complete writing both your very own Initial Talking Points and The Story About Your Digital Currency for every single one of these constituencies as soon as possible.
A small confession: Been there, done that, and paid the price. I knew better but I was hoping against the odds, and thus deserved everything I got.
Create a List of Believers in Your Cause. Don't be a lazy ass! You don't have to stop everything that you are now doing but, nonetheless, Take the Time to Gather a Reasonably Accurate List of the Human Assets who believe in your Cause (theSympathizers, Supporters and Collaborators) that are mentioned at Step #2 (a-c) under the herein referenced section: Time to Execute Your Digital Currency Adoption Strategy.
That is the most important thing to do right now. Disregard Step #2 (d) for now (the Executive Leadership Team). We'll discuss that later and you'll understand why.
Write the Story About Your Digital Currency for Human Assets at Step #2 (a-c)under the section: The Story About Your Digital Currency. All you have to do is follow the foregoing instructions.
The fact that you have read this treatise all the way to this point means that you can now see the Big Picture in terms of what sort of assistance you are going to need from these Human Assets at Step #2 (a-c). (Your Sympathizers, Supporters and Collaborators.)
Therefore, don't be bashful about telling them at every single touchpoint what your immediate needs are in terms of letting the word out and whatever assistance they can provide.
But most importantly, as I have previously outlined, it's critical that you do not tell the same story to each constituency. Otherwise, they will begin to tune you out for the simple reason that your Sympathizers are not really interested in supporting you through concrete action - only through passive endorsement which can have a very beneficial and powerful network effect; whereas your Supporters want to take some limited, concrete action to show their support; and your Collaborators are willing to go above and beyond the call of duty in order to help you accomplish your objectives. Thus the reason why you must fashion an appropriate message for each constituency. (Something that politicians really excel at, the only difference being that your message is not a bunch of lies and bullshit.)
This is no time for Amateur Hour or Fly By The Seat of Your Pants Experiment because there is too much at stake and time is of the essence. This is the type of search which must be conducted by a Virtual Organization Recruitment firm which understands all the intricacies involved in such a search and also practices what it preaches (i.e., will accept digital currencies for its services). And the time is NOW.
This is not the sort of task which can be undertaken by In-House Staff or any Executive Search Firm anywhere in the world. The information provided in The Ultimate Global Collaborator: An Official Global Ambassador AGENT and in this treatise is just the tip of the iceberg.
Simply put, the world's leading and most prestigious global executive search firms are nothing but Babes in the Wood when it comes to the sort of knowledge, experience, sophistication, understanding of principled geopolitical leadership and the virtual organization recruitment discipline which is required in order to understand the breadth and scope and requirements of such search.
If you are inclined to ask "What does Principled Geopolitical Leadership have anything at all to do with virtual organization recruitment and digital currencies?" then, a fortiori, the most compelling reason for the latter paragraph.
Please note it is highly likely that you already know or have come across at least a couple of individuals who may be excellent AGENT candidates. They may already be on your list of current or potential Commensalistic and Mutualistic Collaborators, excluding myself. The same can be said for potential Official Global Ambassadors, however, this is not about who you might know. It's about the entire onboarding process from A-Z. As the old saying goes, a little knowledge can be very dangerous. Therefore, you should refer them directly to the Virtual Organization Recruitment firm you have engaged to assist you in such search.