Tonight I sat quietly in front of the computer , witnessing a panic escaped from the crypto market; 100% red filled the screen. For hours, hundreds of billions of USD have evaporated from the market. I imagine and imagine millions, millions of people are also sitting in front of the screen like me, fainted, panicked and rushed to flee the market. What’s going on? In my face is the latest news on Coindesk — The governor of China’s central bank is reportedly seeking a wider ban on services to cryptocurrency trading in the country. The Korean government is also preparing for similar prohibitions. Whether it’s rumors or facts, its impact on the market is really terrible.
is it crash ?
I just glanced at Coinmarketcap, minutes passed and total market has lost more than 20 billion USD. After tonight there will be many people bankrupt. Is the party over? What will be left of the battlefield? It was not the Satoshi Nakamoto’s idea to create Bitcoin, a money for all, not bound by national boundaries, free from any political institution. It was to bring freedom, equality, and common prosperity to human; so after nearly 10 years that ideal collapses? Vitalik Buterin, the clear-headed young aspirant of Ethereum, of the Crypto world, who inspires millions of hearts, wants to create a truly democratic economy based on the decentralized foundation of Ethereum blockchain.That dream also collapsed? Is there no way out of the dominance of political institutions? Does the human race in the world ever get the absolute dominance of some political institution? Please try my analysis. Satoshi Nakamoto’s Bitcoin has the strength to be anonymous, avoiding direct impacts from governments, but it does not have the application ecosystem, so it is prone to abuse of speculation and manipulation. Ethereum has built the foundation for the various applications of the economy on it, thereby creating the demand for itself, reducing the impact of speculation and manipulating prices. But Ethereum has the deadly weaknesses that a host of other platforms have, namely identity. Identity determines how vulnerable the system is to each other when it comes to enforced sanctions, by force from the major political institutions in the world.
We all know who’s behind Ethereum.
To maintain and develop human freedoms, it is necessary to create a system of inheritance and eliminate the weak points of the two systems. It’s a blockchain platform that must have both a rich ecosystem on it that creates the real need for its token and is an anonymized system. These two factors will ensure the stability, permanence and unbreakability of the system, thereby creating a solid foundation for the application platform on it to create a practical need for the system token. Difficult forces can interfere directly with the system as well as indirectly, literally as well as figuratively, because it is anonymous.
Dear friends, those who desire freedom, tonight the volunteer development team and I take on the mission of following the people ahead, introducing the world to a third generation blockchain platform, for a variety of different applications of the economy, of life on it and anonymously. This anonymous blockchain system is called CryptoKami and its cryptocurrency is Kami Token.
CryptoKami blockchain takes on the mission of bringing the blockchain industry and the crypto market that Bitcoin has explored to make capital in the Wild-West industry more orderly, controlled and regulated. It is safe for investors, traders, holders, the whole industry to develop more sustainably. So how does it perform its mission? While all other blockchain systems are focused on improving currency trading as faster, safer, and less costly … CryptoKami blockchain focuses on regulating its crypto supply and demand as KAMI tokens.
So you may ask how does it regulate? It simulates the mechanism for issuing and regulating the supply and demand of the US Federal Reserve (FED) for commercial banks.
FED — Federal Reserve System
The Federal Reserve regulates the supply and demand of the dollar flowing through commercial banks by the compulsory reserve mechanism. CryptoKami applies Compulsory Reserve Mechanism based on Comreme Algorithm (CryptoKami’s invention) through the Regulate Contract (CryptoKami’s invention) to regulate KAMI tokens circulating in the market. Thus, with a total supply of no more than 210M KAMI tokens mined and gradually used in Proof of Stake, as demand for KAMI tokens increased, the amount of KAMI tokens forced into compulsory reserves also increased, which makes the KAMI token supply curve always slower than the increase in demand for KAMI tokens. The supply is always smaller than the total demand, so according to the rule of supply and demand, the value of the KAMI token will always increase over time and in the frequency of use.
Compulsory Reserve Mechanism + Comreme Algorithm + Regulate Contract = SELF-GROWTH ENGINE of KAMI token.
A new generation of anonymous blockchain system called CryptoKami with KAMI token with SELF-GROWTH ENGINE will work in the world, let’s quietly observe or start with its train to maintain heritage of Bitcoin way .
Love you,
Hiroshi Kobayashi
About CryptoKami
CryptoKami is a Decentralized Reserve System and The New 3rd Generation Blockchain Infrastructure for Global Financial Services
These are the ONLY official channels affiliated with CryptoKami:
Facebook : https://www.facebook.com/cryptokamipage/
Reddit : https://www.reddit.com/r/CryptoKami
Medium : https://medium.com/cryptokami
Twitter : https://twitter.com/crypto_kami
TelegramChannel : https://t.me/cryptokamichannel
TelegramGroup : https://t.me/cryptokami
Youtube : https://www.youtube.com/channel/UCWLXIwlDpWbj_ldQ8WNNdmQ
Article by Hiroshi Kobayashi, CryptoKami
Original article: https://medium.com/cryptokami/the-power-of-anonymous-83ddd5ecdc18