Ben Garrison cartoon: The Fall of Crypto
(grrrgraphics.com)
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Also Bitcoin isn't Bitcoin. Central bankers captured/hired all the devs and have been directing it since 2017, disabling planned features and basically making it useless for anything other than speculating.
Bitcoin Cash (BCH) forked the project and kept the original ethos alive, and it became one of the most heavily vilified coins for it.
Hitching this on to this post so that more people see this!
I would argue that the takeover was much earlier than 2017. In 2013 Gavin Andresen went to Langley to talk with the CIA about Bitcoin. Not long after (in 2014) Blockstream (A very CIA-y name, I might add) came onto the scene and became a core part of the development group, eventually becoming the main (group of) developer(s) as Gavin set aside his lead developer role to work on the Bitcoin Foundation. Around this same time (end of 2014 - 2015) Blockstream became the lead committer and in conjunction with that, Jamie Dimon spoke at the WEF (from 2014 and on) numerous times about Bitcoin and how he predicts that the end-result of Bitcoin is a payment system much like what he have had up until now (read: under banker control, in addition to the CBDC push we are seeing now, this was from 2014!).
Then skip up to 2017 we have the Blocksize War, the result of the blocksize stranglehold Blockstream permitted and actively advocated for.
See, Bitcoin wasn't a creation of TPTB, but it was co-opted and broken into this Frankenstein of a system. We can see that it happened rather early in Bitcoin's life with Gavin, (!speculation!) who was probably given an ultimatum after visiting Langley to develop Bitcoin the way they wanted it. He didn't want to capitulate but he also didn't want to bring harm to his family and so he handed off the commit keys to Blockstream in the end (/!speculation!).
It was supposed to be more than a numbers-go-up ponzi scheme, it was supposed to be CASH, and Bitcoin is still alive today as CASH, Bitcoin Cash.
https://www.youtube.com/watch?v=eafzIW52Rgc
WATCH THIS! They took over Bitcoin to sell us a solution to a problem that they created! Where has this happened before? Who operates under this premise? We Anons know!
Bitcoin is sketchy as hell. And I'm a huge crypto nerd. If you critically and honestly think about all the claims made about it being better than fiat, it doesn't make sense. So what if there's only 21m supply if it can divide almost infinitely? And when that happens, a single Bitcoin inflates vastly in value. How does Bitcoin solve inflation? Imagine the whole world on Bitcoin. Cool. Now imagine owning 1000 Bitcoin in this world, you're a God. It's actually got runaway inflation built into it.
Makes me think the whole thing was actually invented by the FED and CIA to begin with
Read the original whitepaper and then tell me the fed created it.
https://bitcoin.org/bitcoin.pdf
The original design of Bitcoin destroys all the scam models of the fed - no central authority, private keys to spend funds, predetermined inflation rate, decentralized issuance.
Only people who haven't studied Bitcoin history believe the fed created it.
HOWEVER as I've said elsewhere, there was a hostile takeover of the crypto space around 2015-2017 and since then the Bilderbergs have had control of Bitcoin development.
Inflation is just adding more currency supply. Price/value is a secondary effect of this.
You don't understand inflation. Inflation is just adding to the currency supply. The 21m bitcoins will not be completely mined until around the year 2140. After that there will be no more inflation, ever. The value of 0.000001 BTC may be the equivalent of $1,000,000 in today's fiat terms, but that is not inflation. Actually it's deflation because every little bit will go further and as time goes on, supply will dwindle lower and lower driving the value up even further.