I also wasn't trying to say that money does not corrupt, or that banks would not want to have a stake in the crypto-action as well. But not at the current minuscule market caps, the current evaluation of the entire crypto scene wouldn't cause them to bat an eleyid. The points I was trying to make was that the new systems we are trying to setup, should be resistant to them doing bad things. Disillusioned bankers might actually be a great help in this space, because of their unique insights and expertise.
To me, the fact that I think 20+ central banks have issued warnings over Bitcoin suggests that they are batting an eyelid. Also JPM actually filed for that patent Fuznuts linked to over 170 times, so I'd say they were pretty keen. Goldman has also made a play in the space via Circle I think. I would also contend that the current valuation of crypto has been deliberately limited by central bank & gov intervention. Limited big bank access as well as access to Wall Street $. (See Fidelity + Bitcoin for example.)
Actually the last link illustrates the point I was trying to make and what I fear has become irreversible, the whole thing has gotten completely out of hand. Nobody controls anything anymore, they are just keeping up appearances and all the while the deceptions keep on going and misconduct and problems keep piling up one after the other. I have no trust in banks being able to regulate themselves and I am completely abhorred by the invention of the too-big-to-fail principle. However, I do not see it as the acts of a disciplined, controlled well thought out strategy, such as for example causing disruption along the old-silkroad while maintaining control of the sea-trading-routes (The old England rules the waves strategy). But I look at it as the reaction of a gambling addict trying to hide the fact that he has messed up, while at the same time trying to get more cash to feed his addiction. Junkies won't kick the habit on their own volition, but they never stop talking about how clean they are.
The Bank of England was implicated as being complicit in the LIBOR rigging by a few Bloomberg reports if I recall. I think they've denied it, but that would indicate the central over-arching manipulation you're referring to. Also bear in mind that the Gold Fix has almost certainly been manipulated by the major banks colluding. Deutsche Bank has just finally relinquished their prestigious seat on the Gold Fix in the last week, too bad no-one wants to touch it with a barge pole.
So while there will be a lot of messy, uncoordinated gambling and rigging going on out there, don't forget our current fiat & debt based money system will fail by design (none has lasted more than 50 years) So for all the major banks not to be colluding behind the scenes on the next system would actually be quite irresponsible. Unfortunately their preferred system is even worse for us - as if having national currencies controlled by central banks isn't bad enough - what they're pushing for is a global currency (or basket of currencies) based on SDR's issued by the IMF.
I'll try add some relevant links in a bit -
Edit: Love Zerohedge...
http://www.zerohedge.com/news/2013-12-15/jpmorgans-bitcoin-alternative-patent-rejected-175-times
http://www.zerohedge.com/news/2013-12-28/bitcoin-catches-attention-goldman-sachs-and-walmart-and-cisco-goldman-director-joins
http://www.zerohedge.com/news/2013-12-12/fidelity-bans-ira-bitcoin-investments-days-after-permitting-them
http://www.zerohedge.com/news/2014-04-29/gold-fix-manipulation-crackdown-deutsche-officially-resigns-london-fix-seat
http://www.youtube.com/watch?v=MRswPAz_Rnk 0:20-01:05 (Just Rotschild broadly referring to single currency, but thought I'd add it.)
"None Dare Call it Conspiracy" -- A good read:
http://www.amazon.com/s/ref=nb_sb_noss_1?url=search-alias%3Daps&field-keywords=none%20dare%20call%20it%20conspiracy&sprefix=none+da%2Caps&rh=i%3Aaps%2Ck%3Anone%20dare%20call%20it%20conspiracyAn excerpt from the first chapter:
1. DON'T CONFUSE ME WITH FACTS
Most of us have had the experience, either as parents or youngsters, of trying to discover
the "hidden picture' within another picture in a children's magazine. Usually you are
shown a landscape with trees, bushes, flowers and other bits of nature. The caption reads
something like this: "Concealed somewhere in this picture is a donkey pulling a cart with
a boy in it. Can you find them?" Try as you might, usually you could not find the hidden
picture until you turned to a page farther back in the magazine which would reveal how
cleverly the artist had hidden it from us. If we study the landscape we realize that the
whole picture was painted in such a way as to conceal the real picture within, and once
we see the "real picture," it stands out like the proverbial painful digit.
We believe the picture painters of the mass media are artfully creating landscapes for us
which deliberately hide the real picture. In this book we will show you how to discover the
"hidden picture" in the landscapes presented to us daily through newspapers, radio and
television. Once you can see through the camouflage, you will see the donkey, the cart
and the boy who have been there all along.
Millions of Americans are concerned and frustrated over mishappenings in our nation.
They feel that something is wrong, drastically wrong, but because of the picture painters
they can't quite put their fingers on it.
Maybe you are one of those persons. Something is bugging you, but you aren't sure what.
We keep electing new Presidents who seemingly promise faithfully to halt the worldwide
Communist advance, put the blocks to extravagant government spending, douse the
tea of inflation, put the economy on an even keel, reverse the trend which is turning the
country into a moral sewer (
http://cdn.24.co.za/files/Cms/General/d/2499/9bec1c2bf59b40f78f124b9ef7fd1e27.jpg), and toss the criminals into the hoosegow where they belong.
Yet despite high hopes and glittering campaign promise these problems continue to
worsen no matter who is in office.
Each new administration, whether it be Republican or
Democrat continues the same basic policies of the previous administration which it had
so thoroughly denounced during the election campaign. It is considered poor form to
mention this, but it is true nonetheless. Is there a plausible reason to explain why this
happens? We are not supposed to think so.
We are supposed to think it is all accidental
and coincidental and that therefore there is nothing we can do about it. FDR once said "In politics, nothing happens by accident. If it happens, you can bet it was
planned that way." He was in a good position to know. We believe that many of the
major world events that are shaping our destinies occur because somebody or somebodies
have planned them that way. If we were merely dealing with the law of averages, half of
the events affecting our nation's well-being should be good for America. If we were
dealing with mere incompetence, our leaders should occasionally make a mistake in our
favor. We shall attempt to prove that we are not really dealing with coincidence or
stupidity, but with planning and brilliance.
P.S. Love zerohedge too
...you should also check out a guy named brotherjohnf--Marine, Silver Bug and prior Series-7. Have reached out to get him onto the Mumble someday for a chat with us. We'll see if that happens...Here is a link to his latest video:
https://www.youtube.com/watch?v=oGtjzH2wqrY