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127
The Truth About Cryptocurrencies: A Clearheaded Guide to the Crypto World (www.expensivity.com)
posted 4 years ago by ashlanddog 4 years ago by ashlanddog +127 / -0
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– Space_Monkey 2 points 4 years ago +2 / -0

Actually the market was captured via the same psychological tactics that the DS uses now and the promise of regulation and stability. I remember the glory days of bitcoin when it was all cryptoanarchist cypherpunks and the government had no clue what to do about it. It wasn't until Wikileaks announced they were accepting Bitcoin that the CIA caught wind of it and Satoshi disappeared.

Then, somewhere along the line, the narrative changed from "peer-to-peer digital cash to free the world" to "HODL HODL HODL LAMBOS TO THE MOON" and everyone seemed to forget that Bitcoin was always capable of scaling for global adoption. They convinced everyone that Bitcoin had an inherent flaw that was like a technological brick wall that they could not overcome. That "flaw" was actually put in by design by Satoshi and he always intended to remove it eventually.

The reason for the big crash at the end of 2017 was that BTC blocks were full due to the artificial 1MB block limit which caused transaction fees to hit over $100. The network was backlogged for weeks and for the first time in history some bitcoin transactions failed. Raising and/or removing that limit is all that needed to be done, but the Core team absolutely refused to do this citing that it would lead to centralization because average people would not be capable of running a full node (a completely illogical red herring argument).

Nevermind that non-technical people have no idea what a full node is or what it does, but that ideology meant that bitcoin would only ever be useful to tech-savvy people. Even though there are hundreds, if not thousands, of examples of people using bitcoin to survive in communist countries. This shows it is not necessary to understand it all on a technical level, as long as you understand the principles of how it works and how to use it properly, you're good to go.

Bitcoin Core developers, who are employed by Bilderberg, work on attracting the legacy financial system to adopt Bitcoin as a parallel currency, and also leading the masses to believe it's a financial lifeboat. I believe they are manipulating the price through stablecoins and planning on another big crash after a big pump where BTC will hit over $100k and then quickly crash to below $10k, and it will be engineered using the same "flaw" that caused the 2017 crash that no one ever did anything to fix (except Bitcoin Cash did, and still works perfectly to this day).

Everything Core has done since they were taken over by Blockstream, including Taproot, SegWit, Lightning Network, etc has been an elaborate system meant to distract from that fundamental argument while clearing the way for institutional investors, third-party surveillance, making transactions less private, reversible, and slow while steering newbies onto their custodial services they have set up.

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