We get to see now just how much control the Cabal has on the crypto currencies!
(www.thegatewaypundit.com)
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Lots of discussion on crypto coins/currency. All currency is simply a common medium of exchange. It helps with standardizing a method of value assessment. Whatever you choose to use for exchange has to have some way of assigning value to your commodity or service. Crypto is simply another form of standard exchange medium. It can be secure or insecure depending on the method of exchange. The point where they are vulnerable is at the exchanges that allow conversion to fiat currency, this is where you are personally exposed. This is the reason they want verified identity attached to your account. The important attribute that must be included is the encryption of the sender and receiver. This is a threat to government and globalist controls over the mediums of exchange. They desperately need to control this. They spent centuries gaining control over all the worlds fiat currencies. All this being said, crypto relies on the internet. This is the fatal flaw. No internet, no means of exchange, except direct exchange, but then there is no verification of authenticity of the coins or if the coins have already been traded to someone else. If the world is in disarray, crypto is useless. Tangible assets are the only real value that you can truly own and use. Bartering is pretty much the only secure means of exchange with minimal risk of detection. It carries its own inherent drawbacks, but it is the only one where we have the most direct control. Invest in crypto or don't, it is up to you. Decide how much risk you want. Diversify between hard tangible assets, crypto and fiat for the level of comfort you want. All we can do is prepare as best we can for the most wide array of possible outcomes and hope for the best.
FBI already confiscated some crypto a few months ago.
https://www.bitcoininsider.org/article/137818/fbi-confiscated-around-23-million-crypto-tied-ransomware-gang-revil
All those people who have promoting cryptocurrencies, time to see the light.
Digital currency was part of Klause Schwab's great reset.
Although, I guess they could shut your bank account down also.
Take every spare fiat dollar and buy silver bullion, dig a whole and bury it, hide it under your mattress, buy yourself a gun to protect it.
You gotta understand that the keyword here is control, not the fact that something is digital or physical. Here's how that works:
Assume I'm your bank, now you take your most secret files, your most private photos and you send it all to me plaintext. Only to let me store it for you, in plaintext. Now just imagine how much trust you must have in me to not fuck you over with this information. You're basically giving me full control over your most valuable possessions.
Now instead assume that you knew anything about crypto, what happens now is that you download and compile a open source software, which takes your most private files, encrypt them on your device, then split them up in chunks up to 50 pieces then send these pieces to the blockchain network. I run a storage node for profit (also open source software), and one of your chunks end up on my server.
See the difference here? I don't have your full file, and the fragment I have is encrypted by you anyway, which means there's no way for me to know what's in it, or recover it. Hence you don't need to trust me at all.
Metals are great too, but let's be real, without crypto as the main digital currency, there's no way you'll ever be able to pay directly in metals, it's too inconvenient, too risky because the average Joe doesn't understand the basic concepts of market value, which was completely normal back in the days when metals where the primary medium of exchange.
Thanks for the explanation…I like how you have “dummied it down” for those of us that have a hard time wrapping our heads around the whole crypto and blockchain world. NCSWIC
What happens if they take down the electrical grid or china hits us with a EMP? What if a CME takes out our satelites? How do you access your money?
No electronic device will work obviously. Big box stores, with their monopoly and their inventory systems goes down. Heck previous outages has already proven they can't even open their cash registers if power or internet connectivity goes out. Hence no medium of exchange matters. Tho idiots still think cash or gold will save them in such event.
First night, the light won't come on, the malls will get burned, looted and some people murdered, already happened in some places. After that the collapse will slowly starve people to death, some will evolve into cannibalism after a few weeks. Something like that is gonna happen.
Then you'd better hope there's another way to access other network devices. Assuming there's still a place to spend your money, that hasn't been looted yet.
Why would I need to? You're talking about a collapse so severe that there won't be any place to spend money. If it ever comes down to that I don't give a fuck about what happens to anything electronic. I'd be busy breeding chickens, chopping wood, hunting boar, salvage the ruins of what's left of society after the vast majority of people have died.
This is a ridiculous argument against crypto, as it assumes anything else will still be operational. Which it wont.
Using silver pieces for trade worked fine up to 1964. Do you really need a cash register to barter? Pen and paper is a great substitute. Gold and silver has been the medium for trade for thousands of years. If something like a EMP was to occur, ya it would be chaos for a few weeks but I think the people would ban together to maintain order. Just like they are doing to end mandates today. Klause Schwab just called, he said make sure you get your crypto.
This question is flawed. You don't need anything to barter. But tell me which big box store you think would accept bartering. There's the real issue I'm referring to. Some local farms with a little shop may accept bartering, silver or similar but they aren't many, and can't just scale up their capacity by 1000x overnight.
Because 200 years ago and further back, nothing better existed. Gold and silver are also pretty useless for online trading. We live in a digital world where almost everything depends on computers. Have you ever actually experienced a longer power or internet outage? would you survive such event?
Klaus Swab want you to keep your money in your bank account.
In the event of a CME or EMP, which box store will accept crypto currency that you can't access? Will the big box stores close their door and go out of business or will they convert to a new business practice?
If some electronic calamity occurred, do you think the farmers, the people with the food would accept a form of payment that just caused the calamity? I bet these farmers don't have wallets or bitcoin accounts.
The power went out on the eastern half of the country for a week about 20 years ago. We managed just fine, there wasn't any mass looting and burning of stores, we survived.
In my first comment I said take any extra money in the bank and buy hard assets. Something you can have on hand in case of emergency. Yes, I understand crypto is safe from hacking but I don't let that cloud my judgement. I understand there are many scenarios that could separate you from your crypto. Nothing will separate me from mine. You will have to go through a wall of hot lead to get it. To take yours all they have to do is flip a switch.
Once again a flawed question, in the event of an EMP these stores can't take cards, which is what you use for bank payment, neither can they take cash because the register won't open and the inventory system won't work. The stores will shut down. However, soon as there is power, crypto works in all these stores.
What the hell kind of question is this? It's the EMP or whatever event causing the power outage that is the problem, not digital currency in itself. Besides, you've completely missed my point. I've been arguing that no medium of exchange will work in such event.
You think the farmers will accept gold and silver? not being able to verify if it's real actual gold? Of course not, they will keep their food for themselves obviously. Bartering with neighbors is the best bet.
Hardware wallet, it takes a wall of hot lead here too. And not only that, if they kill you they just take your gold, if they kill me they have to first find the well hidden device and crack encryption as well.
Tell me, which stores are you currently able to pay in silver at? And how many of those have a 100% paper based inventory system, cash registry, diesel generators for freezers, lights and other important infrastructure. You live in a fairy tale if you think your local stores will survive an EMP.
In most blockchains there is no concept of storing fragments in different locations. Everyone can download the entire blockchain (and infact they should). So the only protection remaining is the cryptographic algorithms.
Everyone here believes with all their heart that C_A does not have the ability to break these algorithms.
If you have ever developed an application that uses encryption, you have to fill out an encryption release form from US. One of the restrictions you have is not to export any app that uses an algorithm with more than 1024 bit key. It is widely believed in the dev community that CIA can decrypt algorithms <1024 bit keys without access to the keys.
Bitcoin, for instances, uses SHA256 - 256 bits. I would be willing to make a cautious bet that C_A, or some other entity has been able to break this algorithm for a long time.
You mean 1024 bit RSA keys? Well that's been broken for a very long time. Anyone with enough computation resources could easily crack that. What kind of retarded restriction is that anyway? I've never used anything smaller than 2048 bit keys for RSA, and in the later years, 4096bit keys.
So that's it? all the fuss is about some retarded US law that essentially bans encryption? You do realize Bitcoin is worldwide and has nothnig to do with the US. It doesn't obey that law.
SHA256 is used for mining, if you knew how to crack it you could earn $2 000 000 hour in untraceable wealth, or you could fuck up the network completely. Forcing a fork somewhere down the chain with the change of the algorithm to say scrypt, which requires more memory than computation.
No wonder all the innovation has stopped in America, what kind of communist shithole have you become?
Let's break it down a little to see if your thinking is correct. If SHA256 could be cracked (and I am not arguing it can be, I am just making an educated guess that it most probably is) then as far as the people who are able to crack it, the system is broken. Think about this carefully. A broken system has no value. If you mined a million bitcoins, you wont be able to sell them at even a fraction of the current price of Bitcoin. So the only value you have from a broken system is to keep it running with the intention of taking it down at the right moment and depending on who has this ability, the right moment might have nothing to do with monetary gains.
Firstly, you have no idea where I am from, but you just assume I am from America. Secondly, if I question Bitcoin I am a communist? Whatever is the logic behind this? Don't you realise that communism rolls in when people stop questioning?
Well, I sincerely hope you have invested a substantial amount of your wealth in Bitcoins so if your faith is well placed you will be mega rich!
That's not how it works, you don't just print new coins out of thin air, even if you do manage to crack SHA256, all you can do is to beat every other miners on the network and take home the reward of currently 6.25 BTC every 10 minute for yourself.
That said, if you did, the network would be compromised, and everyone would agree to do a fork where SHA256 is replaced with another mining algorithm, such as scrypt for instance, which relies on more RAM, hence much harder to crack centralize.
In the meantime, most people would exchange their Bitcoin for Monero, Ethereum and other coins.
You brought up a law regulating encryption, which you claimed Existed in America. Go figure, where else would you be that would make that law relevant to you. And what's not communist about enforcing such retarded law?
Its relevant to any developer anywhere in the world who sells their product in US market.
I sell stuff to the US market, never even heard of this law, and if they think they can enforce it, then they can go fuck themselves. That said, the source code proves that Satoshi doesn't give a fuck either. 1024bit RSA keys... wtf.
I took a security course few years ago, one of the tasks was to design a cluster to crack RSA with 1024 bit keys. It took a bunch of virtual machines running on a simple work station computer 4 hours to crack that.
If people obey that level of retardness, why even use encryption in the first place.
But muh blockchainz.
They were the one's doing the ransomware, that's how they were able to seize the coins without even moving them from the ransomware wallet.
They are counting on being able to scare you into not using crypto, because you don't understand it. If you knew how it worked, you'd know that properly secured, your crypto is untouchable.
Bitcoin and Monero are the only two that I would trust. Everything else can be manipulated.
I noticed during recent Congressional hearings, crypto executives were bending the knee. Occasional Cortex was giving them a bad time about stable coins not having enough dollars to cover each and every Tether. NOT ONE executive made the point that banks function on fractional lending. (Plus the original purpose of stable coins was to hold value not cash liquidation.) If "big crypto" isn't already corrupt, it's on its way.
Yeah, I dont want to start that argument here, everyone has their strong opinions so I will leave it at that :)
There was rumour that Tether is massively exposed to Evergrande - would be interested when that comes out and it crashes, taking a lot of things with it.
My prediction is that al the stable coins, the exchanges and the ETFs - all those will get wiped out soon.
That's why I run a node. 😀
Whats running a node got to do with exchanges?
You can bypass exchanges by making a peer to peer transaction with a node.
You can do it with or without running a node!
Not if the app you're using is no longer supported or deleted from your device. You can't verify it's a legitimate Bitcoin payment yourself without a full copy of the ledger. You also have more privacy options running a node wallet than a hot wallet on your phone.
Never trusted them, always seemed dodgy.
Not all blockchains are the same. Blockchains are indeed the future, but I am curious to see just how badly the legacy cryptos are compromised.
You are doubtless right, I've never had enough interest to look into this. Or enough knowledge to know who to trust, it all seemed too nebulous. Maybe I'm just getting old.
Well considering our intelligence agencies are some of the most bitcoin wealthy entities on earth, I would say they know a thing or two. Not sure why people think its so safe, but I guess we will find out either way.
According to who? Have you ever seen one of their wallets? Did they say it? Did fake news media say it? By now it should be obvious to most people that you can't trust commies.
Lol I don't know what the media says, but if you think our intel agencies don't own bitcoin, I think you should probably research alittle more
So you have no proof, you just assume stuff based on ignorance.
I base stuff off the years of research I have done on bitcoin, if you cannot do the same thats on you.
Such as?
If you've really done any research at all, you wouldn't mind sharing it. Specifically what makes you fearful. Market manipulation excluded, because that's something they do to every single market.
Thats fine, oh shucks a random person on the internet thinks because I don't share, I don't know. I can live with that.
Secrecy don't imply any trust. But hey, at least you got a stash of toilet paper the day shit hit's the fan.
Cannot wait to see how useful your virtual currency is when they decide to bring down communications.
I'd wish, that means none of their surveillance system would work either. Banks would go down, big box stores would get burned, looted and people murdered in the cities.
At this point, no medium of exchange would matter anyway, so why would I even care about Bitcoin if shit hit the fan for real. I'f got chickens to breed, crops to grow, boars to hunt and other more important things to do in that scenario.
Forgot to respond to the first part, if you think that cannot block your communications while still being able to communicate, well I think the pot is calling the kettle black.
Haha, I want to see the technology capable of blocking the blockchains, while still having frequencies, ports and bandwidth open to other protocols. But I guess all you have one again is a whiny "dude trust me".
Yes because no means of exchange would happen. You are quite the intelligent one!
If you read the whistleblower transcript that Lin Wood released a while ago (and never contestd by anyone), it talks about how people in FBI were laundering tons of money they collected from bribes and from infiltrating Silk Road task force and their bitcoin market, all through bitcoin. There is is even a mention of one guy who supposedly manipulated the bitcoin market.
This is just one small tip of the iceberg. The fact remains that tons of money from human trafficing and other crimes have been laundered into bitcoin, and who is the master of all these criminal networks? Intel communities.
Just like they do with every other asset and market on earth. Why do you think they would treat Bitcoin differently?
And all these assets and markets will go, including all kinds of derivatives, all kinds of ETFs, and most of Wall Street stocks.
Why would they use a broken system?
A broken system that they control
Evidence or GTFO
Same thing my friends said to me when I told them its probably not the best idea to jump in head first into vaccines. I guess jumping in head first into bitocoins is totally different.
Yeah. For one, its an easily reversible decision. You can just sell Bitcoin if you don't like it. You cannot undo vaccination. Also, the inserts for the vaccines are blank, but Bitcoin is open source, so you can know more about how it works than any fiat currency in the world.
Its ironic the same people who say take your money out of the banks, are the same ones who say buy virtual currency! Let me ask you a question, who controls all communicstion and data transfer means around the world? Those same people own your virtual currency as well. Everyone can name call and be a bitcoin battler, but when shit hits the fan and your isp says no internet for you, well your cold storage becomes what the metal it was used to make it is worth.