Australian banking bans on Bitcoin credit card transactions likely to push cryptocurrency industry underground; Potential civil war type consequences says Media Man agency

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Who is to say that Australia's Commonwealth Bank ban on cryptocurrency credit card transactions won't actually increase the worth of the somewhat controversial, and always topical, Bitcoin - the world's most famous cryptocurrency. Stranger things have happened in the history of the commercial world.

Questions: How do you make a book more popular? Answer: Ban it?

Many experts state that part of the reason for the popularity and invention of cryptocurrencies was born out of frustration and lack of faith and trust in traditional financial institutions and systems.

Numerous world leading businessmen such as Richard Branson have often been quoted on matters such as new systems being invented when entrepreneurs and consumers see room for improvement in a business sector, in this case the finance sector.

Bitcoin and other cryptocurrencies such as Ripple, Bitcoin Cash, Monero and such may not be exactly "stable", but traditional financial sectors have not exactly being enjoying stability over the past month, witness the volatility of the Australian Stock Exchange. This is even without the influence of the Trump Factor, which some analysts point to potential war, and that means the military will be poised to profit from war again, as it has since the beginning of time. Interestingly enough, the military has seen strong merit in Bitcoin cousin, Blockchain, which can offer accountability in systems, to name just one application of the often misunderstood process.

Does the Australian government realise that by allowing a ban on the cryptocurrency credit card transactions the industry is one step towards becoming totally underground, which will present its own new set of challenges, threats and opportunities. And you thought Monero was mysterious! This is all great fodder for an Australian based documentary, something in the winds a little birdy told us. Insiders point to poker games, both online and in person events becoming more below the surface on Australian soil since online poker became all but outlawed in the land down under. There are still legal gray areas in the poker industry across the Asia Pacific industry, but there's still plenty of games to be found across the internet and in Sydney suburbia. Think Molly's Game with an Australian convict edge. Gritty stuff for another Aussie documentary. Hello George Miller, Richard Bradley and Mel Gibson (Icon Productions), to name but a few.

Stay tuned to the Media Man network for more of the cat and mouse game between the Australian banks, starting with the Commonwealth Bank, and the crypto kids. There's more controversy yet to come - you can bet on it.

To be continued...

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