Elon Musk / Tesla making financial moves in Bitcoin before The Great Awakening
(media.greatawakening.win)
BREAKING NEWS
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except this is decentralized and peer to peer essentially. To control bitcoin you would have to control computers all over the world. My philosophy is make money off it, buy gold, make money off of it then buy gold.
Its an econmy like anything Rich will use their collective weight to steer it and other currencies. This ome easier to control.
Also tied to electricityso that goes good luck
Already have done, Goldman Sachs and co are all over the development and whoever has 51% of the hashrate obfuscated can do whatever they want.
Only on certain coins. Thousands out there now.
You take a majority of the hash rate, what's that got to do with computers all over the world? One or two NSA super center type server farms and they outright own btc. If the network says your wallet is now empty, it's empty.
To steal bitcoin you would have to have all of the computers agree with the ledger that is hacking. You can create as much bitcoin as you want by controlling hundreds of thousands of computers and dominating the hashrate but to get all the computers to agree with the ledger that is not true or fraudulent, it has yet to be done. Unless you lose your passcode.
I get it's exciting having 0.001 btc on your own computer for the first time but you need to understand you know everything about btc by reading blog posts about it.
Okay, so a bad actor steals coins. It will only happen once, EVER.
That actor won't be able to spend them anywhere because no one will give money for their coins due to mistrust.
No, the point is that a series of colluding NGOs, research centres, universities, chinese ASIC farms and Pakistan etc could bring online enough hashrate to form a majority consensus on 10% inflation per month, that Tor nodes no longer work for broadcast, that only approved partners can handle transactions above 1kUSD.
It's not the theft of the btc that is the point, the point is you can effect any arbitrary changes to a system that too many people believe is "immutable because God said it is immutable", it's not. What exactly is your plan when the majority hashrate decides you can only sign and send transactions on presentation of your covid implant? Now what?
Yeah, except that currently to out money in and get it into you generally have to show your ID and create an account with a trading company. Aka...not decentralized at all
You can remove everything from those sites. So buy on Kraken or coinbase. Kraken better. Then remove to your cold storage. They no longer have access, control or chain of custody of those assets.
What if you own 40% of the bitcoin in circulation??? Chyna been mining since 2010 at least. GL!!
If you control 40% you can dump it and lower the value. how does that help china? Their money is worthless. A high bitcoin helps them.
You got it. They have the power to manipulate the market. Just like the FED does with the US dollar. Of course they want $$, but “control” is the true prize. Who created bitcoin and why? If you can answer those questions then decide if you want to invest in it.
They will get the populous used to crypto with Bitcoin, than flip us to a central bank crypto later. People buy into it cause now cause Bitcoin itself is pretty good.
If you think there will be a future central bank, you're on the wrong website.
Praying you are correct!
They think they're going to get rich. Too stupid to see the signs. I've been slowly growing more confident that btc is a tool of globalists (possibly even China) to weaken the US.
Where does this confidence come from? Honestly, I’m very interested. I can see upsides and downsides to it, but a healthy discussion would be useful.
People think BTC is private, scarce, and clever. It's public, the amount mined can change whenever "consensus" says it can, and it's no more clever than PGP + a ledger, replicated. It's backed by ignorance, it's USPs are not really USPs in a ground breaking way and something like gold backed dollars that can be insta-sent via XRP would be better.
BTC mining takes a colossal amount of energy, there's whole industries behind making things that can mine it better to consume more energy for the pretense of a digital equivalent of gold, the whole thing is so stupid you have to be an upper midwit to buy into it, I say this as someone who used BTC frequently.
But that is the beauty of Bitcoin. "Consensus" is very transparent, unlike a Central Banking System which can print money without telling people.
Actually, you have it backwards. Those industries are devoted to REDUCING the energy expenditure. No miner buys equipment that increases his operating costs.
You can use BTC frequently and still have misconceptions about it.
That they're going to get rich? It's sort of tautological. People who believe in btc believe it will gain value, ergo people who believe in btc buy btc and think they're going to get rich.
I'm not sure btc is from China or a globalist plot, but it's obvious that its purpose is to weaken fiat currencies, of which the USD is the most prominent.
The fact that the interest is purely speculative is just another piece of the puzzle.
The USD has lost 98% of its value since the start of the current Central Banking System.
Tell me USD is better than Bitcoin again.