Restarting the Crypto Ponzi is a fresh path to Serfdom.

With digital tokens in place of gold, the Cryptadors—modern-day conquistadors—have taken control of America’s political and financial institutions and are working to replace national currencies with speculative assets. But according to Srinath Sridharan, a corporate counselor and independent director on corporate boards, and Anand Venkatanarayanan, co-founder and CTO at DeepStrat, countries like India are the last line of defense, refusing to allow digital oligarchs determine their economic future.

The “Price Revolution” that swept through the Spanish Kingdom between the 15th and 17th centuries devastated the working classes as prices for all items increased gradually and without interruption. The discovery of gold in the Americas, which the conquistadors took at great expense to the indigenous people and ultimately destroyed the Incan and Aztec civilizations, was one of the main factors that led to this revolution. 

But today’s crypto brethren are far smarter than the conquistadors. They have gained control of the imperial machinery of a contemporary American kingdom that identifies as “The United States of America” in addition to attempting to mine bitcoins by using more energy than was required to mine gold. 

The Cryptadors’ accomplishment is astounding. They portrayed themselves as rebellious pioneers in the early days, overthrowing the previous financial system in the name of financial independence and decentralization. They fought a ceaseless war against traditional banking and promised a new global order free from the grip of dishonest and ineffective central banks that plotted to keep the masses in poverty.

Many of them were actually only operating the longest-running casino in the world, where the house always wins and gullible players are left to pay the price. Conveniently, their utopian vision disregarded the practical difficulties of consumer protection, regulatory supervision, and economic stability that sustain financial systems. They established exclusive circles of hype and speculation where the strongest voices could be heard, rather than democratizing the financial industry.

The exact laws they mocked are in place to stop the catastrophic events that occur in cryptocurrency markets far too frequently. Once heralded as the future, FTX, Celsius, and Terra-LUNA are now cautionary tales. Their revolution, which collapsed in a whirlpool of secret dealings and outright theft in less than two centuries, was far worse than the Spanish price revolution. Regulators cry foul whenever they attempt to control the chaos, blithely ignoring the practical repercussions of their actions while enveloping themselves in libertarian language.

Additionally, they spent enormous sums of money purchasing influence in the halls of power to abolish entire regulatory bodies as well as regulations, which they saw as obstacles to their ultimate solution to the tyranny of

The Cryptadors have long dreamed of doing away with governments and establishing their own blockchain fiefdoms in which the rich determine the laws, there are no regulators, and taxes are only a relic from a time when the wealthy still had to pretend to pay taxes. Coinbase CEO Brian Armstrong has spent years advocating for a future in which nation-states are replaced by “network states”—a future in which the number of tokens held determines government rather than democratic institutions. A society in which corporate boards set legislation, citizenship is determined by purchasing the correct blockchain, taxes are voluntary (i.e., nonexistent), and the new ruling elite is answerable to venture investors rather than voters.

The utter inanity of Emperor Trump has even surpassed that of Emperor Motecuhzoma of the Aztecs, who allowed the conquistadors to enter his realm, lavished them with rich presents, and soon lost his kingdom to them. His decision to include cryptocurrencies in the strategic reserves supports the Cryptadors’ trend line theory that their digital tokens would eventually replace all national currencies.

In the same way that the Spanish Conquistadors used gold to pillage entire civilizations, the Cryptadors hope to replace sovereign currencies with their own tokens. Consider El Salvador, which was heralded as a Bitcoin success story but is now experiencing even more economic unrest. They think it will have a cascading effect and compel other nation states to follow suit, given the prominence of Emperor Trump and the American Kingdom. However, they fail to recognize the final line of defense, which consists of countries like India, whose regulators are able to expose this neocolonial scheme.