I'm sorry, but you're totally wrong about a "backdoor or master key" to the blockchain. I suggest you familiarize yourself with how it works.
The IRS and hackers can not touch your crypto if you keep it off exchanges and in cold hard storage.
Crypto is only being pushed by NWO because they want a centralized crypto--like what they allow in China--which is evil and is the antithesis of decentralized crypto which is meant to circumvent the banks, middlemen, and governments and give financial independence back into the hands of the people. No one can control decentralized crypto. I recommend this video if you want to find out more: https://www.bitchute.com/video/jUQ8XJzsmLf7/
It’s not that simple with cryptography. Once we have powerful enough quantum computers in the public sector then all cryptography will have to be upgraded to quantum or anyone with said quantum computer could hack any bank or block chain. I do agree in general though with the statement “if man made it then man can defeat it”
Actually any quantum computer can break blockchains like bitcoin very easily since the cryptographic algorithms used are not quantum proof.
Also, if you control 51% of computing power in the blockchain, you can take control of the blockchain.
Also, since 90% of people leave their crypto on the exchanges, the exchanges can manipulate the market including crashing the value, or even steal these cryptos while saying they got "hacked".
I can go on and on, but people on both sides of this debate have a lot of misconceptions and usually both are right to some extent and wrong to some extent.
The power of crypto is not primarily as a currency, but as a authoritative digital contract / smart contract that allows people to operate in whatever systems transparently. People seem to miss this point.
Ok, why aren't they destroying the blockchain yet? Because this tech is not feasible yet. In theory quantum computers can mess up a lot more than just the blockchain, so if we haven't adopted better tech by then we are all in trouble.
Control 51% of the blockchain...
They estimate that there are 1 million unique BTC miners meaning +510k miners would have to be hacked at the same time.
90% of people leave their crypto on exchanges, the exchanges can manipulate the market including crashing the value, or even steal these cryptos while saying they got "hacked".
Yes, that's why you keep your crypto on a ledger. The exchanges and big institutions manipulate the price, I'm not arguing that. Exchanges allowing leverage trading has really synched the price movements to the S&P, NASDAQ, etc. But ultimately, the coin holder decides when they want to sell out.
The power of crypto is not primarily as a currency, but as a authoritative digital contract / smart contract that allows people to operate in whatever systems transparently. People seem to miss this point.
Why can't it function as both? Due to it's decentralized nature, it's better than fiat. It's more easily accessible and transferable than precious metals.
The power would have to go out permanently world wide. And no one can "freeze" your crypto if you keep it in cold hard storage like a ledger. But let me ask you this: if you think the world's going to turn into some post-apocalyptic hell like you see on TV, what is silver, gold or any currency going to do for you, old timer?
This is again a misconception that you can "store it in a hard storage". The value of the crypto is always stored on the blockchain. Only the keys to your account (literally the private keys) are stored on your cold storage. By itself it has no value.
I'm sorry, but you're totally wrong about a "backdoor or master key" to the blockchain. I suggest you familiarize yourself with how it works.
The IRS and hackers can not touch your crypto if you keep it off exchanges and in cold hard storage.
Crypto is only being pushed by NWO because they want a centralized crypto--like what they allow in China--which is evil and is the antithesis of decentralized crypto which is meant to circumvent the banks, middlemen, and governments and give financial independence back into the hands of the people. No one can control decentralized crypto. I recommend this video if you want to find out more: https://www.bitchute.com/video/jUQ8XJzsmLf7/
whomever built it, can get into it, don't delude yourself
It’s not that simple with cryptography. Once we have powerful enough quantum computers in the public sector then all cryptography will have to be upgraded to quantum or anyone with said quantum computer could hack any bank or block chain. I do agree in general though with the statement “if man made it then man can defeat it”
Actually any quantum computer can break blockchains like bitcoin very easily since the cryptographic algorithms used are not quantum proof.
Also, if you control 51% of computing power in the blockchain, you can take control of the blockchain.
Also, since 90% of people leave their crypto on the exchanges, the exchanges can manipulate the market including crashing the value, or even steal these cryptos while saying they got "hacked".
I can go on and on, but people on both sides of this debate have a lot of misconceptions and usually both are right to some extent and wrong to some extent.
The power of crypto is not primarily as a currency, but as a authoritative digital contract / smart contract that allows people to operate in whatever systems transparently. People seem to miss this point.
Ok, why aren't they destroying the blockchain yet? Because this tech is not feasible yet. In theory quantum computers can mess up a lot more than just the blockchain, so if we haven't adopted better tech by then we are all in trouble.
They estimate that there are 1 million unique BTC miners meaning +510k miners would have to be hacked at the same time.
Yes, that's why you keep your crypto on a ledger. The exchanges and big institutions manipulate the price, I'm not arguing that. Exchanges allowing leverage trading has really synched the price movements to the S&P, NASDAQ, etc. But ultimately, the coin holder decides when they want to sell out.
Why can't it function as both? Due to it's decentralized nature, it's better than fiat. It's more easily accessible and transferable than precious metals.
And what if the enemy decides to freeze accounts or the power goes out? Permanently? Yeah, you youngsters assume that technology will always be there.
The power would have to go out permanently world wide. And no one can "freeze" your crypto if you keep it in cold hard storage like a ledger. But let me ask you this: if you think the world's going to turn into some post-apocalyptic hell like you see on TV, what is silver, gold or any currency going to do for you, old timer?
This is again a misconception that you can "store it in a hard storage". The value of the crypto is always stored on the blockchain. Only the keys to your account (literally the private keys) are stored on your cold storage. By itself it has no value.