I put it in " " for a reason as it's not centralized by definition. But there are a few whales that hold a good amount of the total supply. Don't also forget that China, by far, has the largest mining operations that have been running for years now. I don't fully trust BTC, even though I believe in crypto as a whole.
China banned mining and still couldn’t stop it. It doesn’t matter who has the most. You will not stop people who can put in the work from becoming rich, if that’s China, so be it. But a little known fact — “Satoshi Nakamoto”: "Satoshi" means "clear thinking, quick witted; wise." "Naka" can mean "medium, inside, or relationship." "Moto" can mean "origin" or "foundation." — connect a few dots, you get “Central Intelligence”. Maybe the white hats knew they had to get rid of USURY, which is the root of all issues we fight against, and created Bitcoin.
China banned mining to solely manipulate the market. They've done it multiple times, including banning trading it all together. They were only manipulating the market, and I've watched them do it through a few cycles. It had nothing to do with trying to stop it.
And I've seen the whole name theory many years ago, and even if it was created by the CIA, that doesn't mean it was a white hat operation. It can very well be a black hat operation, nobody knows minus the insiders. It's easy to "connect the dots" as you put it, but that doesn't make it the right answer either.
You will never stop rich people from wielding the majority of money. All you can do is REMOVE THEIR ABILITY TO PRINT MORE BECAUSE THEY CONTROL THE MOST, which BITCOIN is the only thing that does.
What are you even go on about? I wasn't talking about the rich will always have more, that's a given. Also, BTC is definitely not the only crypto blockchain that has a finite supply that can never change.
Money can be laundered in many ways, crypto is one of them but I would be surprised if white hats were behind it. Anything is possible though.
I think crypto is a major threat to whatever they replace FIAT with so they want it gone so they can bring in their CBDC's.
The US government spent 6 trillion in the last year, BTC market cap was just over a trillion at it's peak. They could have easily have been buying in just to sell and crash it later, they have the means to do so. After all it's not their money they're using so they don't care about the cost, they just want BTC dead and gone.
That's plausible as well. The crypto markets have been taken over by gov't/Wall Street/exchanges. Watch how there's little movement in the entire crypto market until Wall Street opens up. We are now also seeing corruption in the big exchanges, even though we've known a few has been this way for years now.
I do believe blockchain tech will be around for the long haul. But we cannot lose sight that it's plausible some of the main chains we know of were created/founded by the DS. We need to question everything, including the things we believe to be good.
I remember, maybe 6-7 years ago, when there was a good dig on the chans trying to show BTC was created by the CIA. Who knows if that's true or not. The point i'm trying to make is that we just don't know. We won't know until the dust is settled.
That doesn't mean i'm selling my bags either though. I will sit and watch, knowing it's a high risk/high reward play.
As a fellow crypto holder, I'll also play devil's advocate here. What if that's the white hats tanking one of their money laundering schemes?
I'm also still very leery about BTC and ETH surviving. Both are majorly "centralized" with the small amount of whales holding most the supply.
We can only speculate until this is over.
Bitcoin is not centralized at all.
I put it in " " for a reason as it's not centralized by definition. But there are a few whales that hold a good amount of the total supply. Don't also forget that China, by far, has the largest mining operations that have been running for years now. I don't fully trust BTC, even though I believe in crypto as a whole.
China banned mining and still couldn’t stop it. It doesn’t matter who has the most. You will not stop people who can put in the work from becoming rich, if that’s China, so be it. But a little known fact — “Satoshi Nakamoto”: "Satoshi" means "clear thinking, quick witted; wise." "Naka" can mean "medium, inside, or relationship." "Moto" can mean "origin" or "foundation." — connect a few dots, you get “Central Intelligence”. Maybe the white hats knew they had to get rid of USURY, which is the root of all issues we fight against, and created Bitcoin.
China banned mining to solely manipulate the market. They've done it multiple times, including banning trading it all together. They were only manipulating the market, and I've watched them do it through a few cycles. It had nothing to do with trying to stop it.
And I've seen the whole name theory many years ago, and even if it was created by the CIA, that doesn't mean it was a white hat operation. It can very well be a black hat operation, nobody knows minus the insiders. It's easy to "connect the dots" as you put it, but that doesn't make it the right answer either.
You will never stop rich people from wielding the majority of money. All you can do is REMOVE THEIR ABILITY TO PRINT MORE BECAUSE THEY CONTROL THE MOST, which BITCOIN is the only thing that does.
What are you even go on about? I wasn't talking about the rich will always have more, that's a given. Also, BTC is definitely not the only crypto blockchain that has a finite supply that can never change.
Money can be laundered in many ways, crypto is one of them but I would be surprised if white hats were behind it. Anything is possible though.
I think crypto is a major threat to whatever they replace FIAT with so they want it gone so they can bring in their CBDC's.
The US government spent 6 trillion in the last year, BTC market cap was just over a trillion at it's peak. They could have easily have been buying in just to sell and crash it later, they have the means to do so. After all it's not their money they're using so they don't care about the cost, they just want BTC dead and gone.
I don't have any crypto at the moment.
That's plausible as well. The crypto markets have been taken over by gov't/Wall Street/exchanges. Watch how there's little movement in the entire crypto market until Wall Street opens up. We are now also seeing corruption in the big exchanges, even though we've known a few has been this way for years now.
I do believe blockchain tech will be around for the long haul. But we cannot lose sight that it's plausible some of the main chains we know of were created/founded by the DS. We need to question everything, including the things we believe to be good.
I remember, maybe 6-7 years ago, when there was a good dig on the chans trying to show BTC was created by the CIA. Who knows if that's true or not. The point i'm trying to make is that we just don't know. We won't know until the dust is settled.
That doesn't mean i'm selling my bags either though. I will sit and watch, knowing it's a high risk/high reward play.