User:King David 05

In the early ages of mankind as a store of value people created coins to serve as a medium of exchange that allowed people to trade goods and services, in addition to coins people traded precious metals along with efficiently controlled elements such as sea shells, and other rarely natural occurring elements to serve as local currencies however, this system of exchange proved too slow and cumbersome for many individuals. As the necessity to innovate grew, governments began to mint and produce legal tendered coins and bank issued notes to serve as a single form of currency for each nation. Power hungry governments began to mint currencies that were backed by gold stored in vaults. The rapid accumulation of wealth enjoyed by gold rich countries resulted in a ferocious greed for power and capital.

Currency became an instrument of political control, a store of value was established, taxes could now be extracted, goods information and services exchanged, armies raised, currency now differentiated between rich and poor. Centralized bankers and governments soon replaced the representative form of currency designed by goldsmiths with a Fiat currency where currency notes would no longer be backed by gold reserves “The gold standard”, new notes could now be created out of thin air exclusively created by the increasing debt of the people, this greed perpetuated an inflated value of currency and a financial system that pitted a seemingly eternal struggle between the have's and have nots.

In the early stages of currency production the weight of the struggle led to a worldwide monetary revolution known as “The Insurrection”. The accumulation of currency became the ideal, what people lived for, actively pursued, and desired most, coupled with the idolatry of currency and failed  fiat monetary system the overarching debt of the people led to financial slavery. In the year 2006 the world's financial system began to show signs of an impending crisis not seen since the great depression. Satoshi Nakamoto is the name presumed pseudonymous person or persons who developed a revolutionary new decentralized digital currency, block-chain based ledger, and a crypto-currency token known as “Bitcoin”. Satoshi's invention encouraged people of the world to trust this new financial system, over a short period of time the decentralized “proof of work” accounting ledger proved to be a more fair and stable method than the current corrupt fiat model created by unscrupulous bankers and governments.

The power of money creation was no longer exclusively held by central banking monopolies, operating under Satoshi's system early founders created  over 100,000 various other crypto currencies including Decentralized Autonomous Organizations (DAO's). A DAO is a blockchain-based form of organization or company that is often governed by a native crypto currency token, DAO's allowed crypto currency communities to automate decision-making, including assigning voting rights to community members. DAO founders pledged to spread the wealth with community members through newly created currency utilities unfortunately, the founders strayed from their promises motivated by the love of wealth, new found power and control DAO founders and community team leaders began to follow the same tract of the corrupted political figures and dictators of old, currency values began to briskly loose value, lower ranking community members were unable to earn enough currency to make a living, as a result people began to fear death by starvation. To protect themselves from the mob of angry community investors, the founders became dictators using their wealth to hire mercenaries and raise armies. As previously demonstrated in the Insurrection, people turned on the DAO founders, they began to take back the cities hunting down and toppling them one by one in a attempt to restore democracy, thus creating “The Currency Wars.”