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.
And indeed, China doesn’t want Bitcoin to succeed in the minds of people, yet wants to control the most of it that it cans. The two go hand in hand, you attack the price in a multitude of ways, such as Binance creating a bailout fund which will generate a leverage spiral of death since you can’t print more to bail people out, and further crash the market. Instead of incentivizing people to hold their own keys and OWN THEIR MONEY, they want “proof of reserves”, meaning; they want you to feel comfortable with them holding your fucking money.
You control the nodes/hash power, you control it all...easy 51% attack, especially if you have the early advantage on day 1. Even today, that's always been BTC's weakness, and it's been close to being exploited in the past.
And they would create it for easy offloading of large sums of money without nobody knowing, were you around to witness Silk Road? I was. Today is different compared to what it was in the beginning, it wouldn't be as easy.
51% attacks are noticeable. You never delete a copy of the blockchain, you keep the entire history. Like a git repo. Once you realize what’s happening, the honest nodes block out the attacker and resume from where they left off. All you need is a consensus from the honest nodes.
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.
And indeed, China doesn’t want Bitcoin to succeed in the minds of people, yet wants to control the most of it that it cans. The two go hand in hand, you attack the price in a multitude of ways, such as Binance creating a bailout fund which will generate a leverage spiral of death since you can’t print more to bail people out, and further crash the market. Instead of incentivizing people to hold their own keys and OWN THEIR MONEY, they want “proof of reserves”, meaning; they want you to feel comfortable with them holding your fucking money.
why would black hats create something they have no way of controlling, and puts the power of OWNING money back into peoples’ hands?
You control the nodes/hash power, you control it all...easy 51% attack, especially if you have the early advantage on day 1. Even today, that's always been BTC's weakness, and it's been close to being exploited in the past.
And they would create it for easy offloading of large sums of money without nobody knowing, were you around to witness Silk Road? I was. Today is different compared to what it was in the beginning, it wouldn't be as easy.
51% attacks are noticeable. You never delete a copy of the blockchain, you keep the entire history. Like a git repo. Once you realize what’s happening, the honest nodes block out the attacker and resume from where they left off. All you need is a consensus from the honest nodes.