i'm not against crypto as a general rule, in fact I expect Crypto /blockchain to be used in the new stock market that will come to pass. that being said, i believe bitcoin was designed from the ground up to just be another way to steal (among other things). and not simply co opted by black hats
You can make a pretty good case that bitcoin has been positioned to, and is successfully diverting a massive amount of investment away from physical precious metals. This is buying them time and preventing the fraud in those markets from being exposed.
Just about everything bad happening in the world, all of the wars, child sex trafficking, etc, is funded with printed money. The national debt per taxpayer is $260,000+ because of fiat currency. The powers that be exist because of printed money. There is no earthly hope for freedom while we are being evermore enslaved by their debt-based currency system.
Bitcoin is the only earthly hope that I'm aware of. Do you have any arguments for your hunch that it's designed for theft? Do you have a better idea than crypto for saving the world? Keep in mind we tried gold and it failed.
That's a bit disingenuous - gold didn't "fail", they shut it down so they could spend and print to oblivion. The gold window was closed via executive order by Nixon in August 1971, literally over a weekend at Camp David with almost no explanation. Executive orders can be overridden by another executive order.
Another fun fact, the FBI was created via executive order.
My .. large issue with bitcoin, and other non backed cryptos.. it's still a fiat currency. there is nothing backing it.
and it's always sold , as if it isn't. the people that promote it, they always say "well there's a fixed amount of bitcoin, therefore it's limited. but the reality is, that doesn't matter, just because something is scarce doesn't make it valuable, or intrinsically worth anything. and it's all a lie anyway for two reasons, , it's nearly infinitely divisible (just like the fiat dollar) and anyone ANYONE, can make their own cheap crypto and put it on the market. , you cannot do that with gold, , in order for crypto to be worth anything, and become a good currency, it has to be backed by something in real life.
bitcoin is not the savior of the world,, pretty much just the opposite so far, you say the US dollar has been used for all these crimes, so is bitcoin. explain to me how Bitcoin stops any of it? because so far it's just been used as pump and dumps, and manipulations
there is a REASON, these assholes got rid of Gold, . it didn't let them steal as easily.
That's the thing with bitcoin. It either works or it doesn't. You can't just confiscate it. You can't ban it. You can't do anything about it. Not in theory, at least.
I love the idea of bitcoin, but I think the technology exists to crack or confiscate it. Anything that is created digitally can be destroyed digitally.
There seem to be a few plausible narratives that could support a diabolical strategy with totalitarianism, slavery, eugenics, population reduction, population control and wealth transfer as its end goals:
TPTB want to phase out cash, force through CDBCs to get us to digital IDs and the prison planet, aka digital - or actual - gulag.
Fiat and cash are how the whole thieving, corrupt shitshow survives and thrives: any suggestion to replace with CDBC is fearporn / psyop / distraction / chaos etc
CDBCs are co-opted cryptos. Cryptos are a scam / trap set up by TPTB. Use catastrophic Black Swans to force through the upheaval. (See Cyber Polygon and Catastrophic Contagion)
Bait and switch is now possible: move the slaves to CDBC cryptos and digital ID, rollout the surveillance, social credit and control grid, continue with fiat and printing cash. Or crypto. Or not. At that point, all will be moot. They could introduce barter, Monopoly money or no system at all. The slaves would be powerless.
TPTB want to phase out cash, force through CDBCs to get us to digital IDs and the prison planet, aka digital - or actual - gulag.
Decentralized cryptocurrency is the only tool we have to avoid that, afaik. CBDC's are not decentralized, and are unlikely to be cryptocurrencies at all.
Fiat and cash are how the whole thieving, corrupt shitshow survives and thrives: any suggestion to replace with CDBC is fearporn / psyop / distraction / chaos etc
CBDC are not decentralized cryptocurrencies. Your dollar is already almost 100% digital. Banks are already freezing people's bank accounts. Decentralized cryptocurrency cannot be frozen.
CDBCs are co-opted cryptos. Cryptos are a scam / trap set up by TPTB. Use catastrophic Black Swans to force through the upheaval. (See Cyber Polygon and Catastrophic Contagion)
You're conflating CBDC and crypto again.
Almost all dollars are digital currently. If the grid goes down, the dollar is not going to save us.
It's possible to have paper notes for crypo as well, using the same system as banks used to issue gold certificates. That's how paper money began circulating.
Bait and switch is now possible: move the slaves to CDBC cryptos and digital ID, rollout the surveillance, social credit and control grid, continue with fiat and printing cash. Or crypto. Or not. At that point, all will be moot. They could introduce barter, Monopoly money or no system at all. The slaves would be powerless.
Unlike the dollar and CBDC's, crypto is voluntary. You can't be forced to use it.
Thank you for your patience with this layman. So if cryptos are truly voluntary and independent, dare I say incorruptible by TPTB hands, able to weather a collapse of fiat and cash or a forced push to CDBC but always digital, never physical, then our only concerns about them losing value or indeed being vanished would be:
blockchain sequestering / confiscation
civilisation collapse / no electricity
cyber crime by state / institutional actors
Fungibility is still important right up to the moment the lights go out.
I actually don't have any. I'm not interested in it to get rich. I'm interested in it because it's the only known hope to the biggest problem the world faces.
During the Trump Administration. there was crackdown on illegal criminal activity, especially human trafficking, fueled by Bitcoin and this did change criminal behaviors, especially after Backpage was shutdown.
Back to business under Biden...
Crypto Increasingly Used In Human/Drug Trafficking Says GAO
I can understand this sentiment, but i have a more nuanced theory. Bitcoin was a "schrodinger's tech" much like everything else that has developed since the turn of the millenium.
By this, what I mean is that both the white hats and black hats allowed the creation of Bitcoin for different reasons. BHs definitely needed a new vehicle to hide their financial crimes after the 2008 Fed money printers were turned on to full speed. The timing of the Bitcoin whitepaper is not a coincidence.
WHs on the other hand realised that the blockchain provides the best way to track criminal activity and allowed this to hit the society, because they knew that it would provide the taste for a "freedom currency", becoming especially crucial in the final stages of Awakening (as in now).
BHs on the other hand made sure that Bitcoin implementation ended up becoming clunky and inefficient, so that it could never actually become the "freedom currency" and give us freedom.
WHs were perfectly fine with this, because the taste of freedom is good enough. Once people hunger for something, even if its yanked away, they will create it for themselves in future.
Over all, Bitcoin has shown us the dream of the future - what a really free free-market society would look like, but at the same time given the BHs the false sense of security that seems to be so prevalent everywhere as part of this Devolution plan.
BHs on the other hand made sure that Bitcoin implementation ended up becoming clunky and inefficient, so that it could never actually become the "freedom currency" and give us freedom.
The way this happened was with Satoshi inserting the 1MB per block limit. It was always meant to be removed but after Satoshi left the project and it was commandeered by Blockstream, they made sure to cement it in permanently to create artificial scarcity so it couldn't scale.
It's like if we talking about the printing press, and if back then they said "we have to limit all printing presses so that no book can be longer than 100 pages, because if books are longer than 100 pages, nobody would be able to afford to print their own books!"
Good analogy, but I have always found it a bit difficult to understand how people fell for a 1MB limit in 2010 - when computational scarcity was already a thing of the past. Its not like they couldnt foresee that it would become a bottleneck soon down the road.
At the time Bitcoin was just a few people running the software on consumer laptops and desktops which was not providing much hashpower. Satoshi wanted to prevent potential bad actors from renting out a massive server farm to spam attack the network with 1GB blocks which would have basically stopped Bitcoin dead in its tracks in those early days.
Satoshi left instructions for how to gradually increase and eventually remove the limit altogether, but Blockstream insisted on making it permanent. Bitcoin Cash is now at a 32MB limit and will be changing to dynamic block limits later this year.
i'm not against crypto as a general rule, in fact I expect Crypto /blockchain to be used in the new stock market that will come to pass. that being said, i believe bitcoin was designed from the ground up to just be another way to steal (among other things). and not simply co opted by black hats
You can make a pretty good case that bitcoin has been positioned to, and is successfully diverting a massive amount of investment away from physical precious metals. This is buying them time and preventing the fraud in those markets from being exposed.
absolutely
Just about everything bad happening in the world, all of the wars, child sex trafficking, etc, is funded with printed money. The national debt per taxpayer is $260,000+ because of fiat currency. The powers that be exist because of printed money. There is no earthly hope for freedom while we are being evermore enslaved by their debt-based currency system.
Bitcoin is the only earthly hope that I'm aware of. Do you have any arguments for your hunch that it's designed for theft? Do you have a better idea than crypto for saving the world? Keep in mind we tried gold and it failed.
That's a bit disingenuous - gold didn't "fail", they shut it down so they could spend and print to oblivion. The gold window was closed via executive order by Nixon in August 1971, literally over a weekend at Camp David with almost no explanation. Executive orders can be overridden by another executive order.
Another fun fact, the FBI was created via executive order.
That's how it failed. Woodrow Wilson, FDR, and Nixon killed it.
that isn't a Fail, that's deliberate maleficence.
My .. large issue with bitcoin, and other non backed cryptos.. it's still a fiat currency. there is nothing backing it. and it's always sold , as if it isn't. the people that promote it, they always say "well there's a fixed amount of bitcoin, therefore it's limited. but the reality is, that doesn't matter, just because something is scarce doesn't make it valuable, or intrinsically worth anything. and it's all a lie anyway for two reasons, , it's nearly infinitely divisible (just like the fiat dollar) and anyone ANYONE, can make their own cheap crypto and put it on the market. , you cannot do that with gold, , in order for crypto to be worth anything, and become a good currency, it has to be backed by something in real life.
bitcoin is not the savior of the world,, pretty much just the opposite so far, you say the US dollar has been used for all these crimes, so is bitcoin. explain to me how Bitcoin stops any of it? because so far it's just been used as pump and dumps, and manipulations there is a REASON, these assholes got rid of Gold, . it didn't let them steal as easily.
edit pardon the run ons.
Tried gold and failed or had gold confiscated and people back in 1933 didn’t have any recourse besides watering the tree of liberty?
That's the thing with bitcoin. It either works or it doesn't. You can't just confiscate it. You can't ban it. You can't do anything about it. Not in theory, at least.
I love the idea of bitcoin, but I think the technology exists to crack or confiscate it. Anything that is created digitally can be destroyed digitally.
Just a few of the many wonderful qualities it has.
There seem to be a few plausible narratives that could support a diabolical strategy with totalitarianism, slavery, eugenics, population reduction, population control and wealth transfer as its end goals:
Decentralized cryptocurrency is the only tool we have to avoid that, afaik. CBDC's are not decentralized, and are unlikely to be cryptocurrencies at all.
CBDC are not decentralized cryptocurrencies. Your dollar is already almost 100% digital. Banks are already freezing people's bank accounts. Decentralized cryptocurrency cannot be frozen.
You're conflating CBDC and crypto again.
Almost all dollars are digital currently. If the grid goes down, the dollar is not going to save us.
It's possible to have paper notes for crypo as well, using the same system as banks used to issue gold certificates. That's how paper money began circulating.
Unlike the dollar and CBDC's, crypto is voluntary. You can't be forced to use it.
Thank you for your patience with this layman. So if cryptos are truly voluntary and independent, dare I say incorruptible by TPTB hands, able to weather a collapse of fiat and cash or a forced push to CDBC but always digital, never physical, then our only concerns about them losing value or indeed being vanished would be:
Fungibility is still important right up to the moment the lights go out.
good luck with your bitcoin.
I actually don't have any. I'm not interested in it to get rich. I'm interested in it because it's the only known hope to the biggest problem the world faces.
I think the next gen stock market/ exchange will use gold backed crypto. I do not think it will be bitcoin thou.
Virtual currencies, especially Bitcoin, are often used by criminal drug and human trafficking operations.
Not quite sure I follow your logic here.
The ability to print money is the ring of power. Printed money pays for every evil thing that governments do.
And what do you mean especially bitcoin? It's a public ledger. Darknet drug markets won't even accept it because it's too easily tracked.
2014 article -
Bitcoin Fuels the Human Trafficking Market
https://humantraffickingsearch.org/bitcoin-fuels-the-human-trafficking-market/
What happened in 2017 after Trump was elected?
Follow the Bitcoin to Find Victims of Human Trafficking
New Machine Learning Algorithms Will Trace Authors of Exploitative Advertising
https://engineering.nyu.edu/news/follow-bitcoin-find-victims-human-trafficking
During the Trump Administration. there was crackdown on illegal criminal activity, especially human trafficking, fueled by Bitcoin and this did change criminal behaviors, especially after Backpage was shutdown.
Back to business under Biden...
Crypto Increasingly Used In Human/Drug Trafficking Says GAO
https://www.forbes.com/sites/tedknutson/2022/01/10/crypto-increasingly-used-in-humandrug-trafficking-says-gao/?sh=411466c5637e
I can understand this sentiment, but i have a more nuanced theory. Bitcoin was a "schrodinger's tech" much like everything else that has developed since the turn of the millenium.
By this, what I mean is that both the white hats and black hats allowed the creation of Bitcoin for different reasons. BHs definitely needed a new vehicle to hide their financial crimes after the 2008 Fed money printers were turned on to full speed. The timing of the Bitcoin whitepaper is not a coincidence.
WHs on the other hand realised that the blockchain provides the best way to track criminal activity and allowed this to hit the society, because they knew that it would provide the taste for a "freedom currency", becoming especially crucial in the final stages of Awakening (as in now).
BHs on the other hand made sure that Bitcoin implementation ended up becoming clunky and inefficient, so that it could never actually become the "freedom currency" and give us freedom.
WHs were perfectly fine with this, because the taste of freedom is good enough. Once people hunger for something, even if its yanked away, they will create it for themselves in future.
Over all, Bitcoin has shown us the dream of the future - what a really free free-market society would look like, but at the same time given the BHs the false sense of security that seems to be so prevalent everywhere as part of this Devolution plan.
The way this happened was with Satoshi inserting the 1MB per block limit. It was always meant to be removed but after Satoshi left the project and it was commandeered by Blockstream, they made sure to cement it in permanently to create artificial scarcity so it couldn't scale.
It's like if we talking about the printing press, and if back then they said "we have to limit all printing presses so that no book can be longer than 100 pages, because if books are longer than 100 pages, nobody would be able to afford to print their own books!"
Good analogy, but I have always found it a bit difficult to understand how people fell for a 1MB limit in 2010 - when computational scarcity was already a thing of the past. Its not like they couldnt foresee that it would become a bottleneck soon down the road.
At the time Bitcoin was just a few people running the software on consumer laptops and desktops which was not providing much hashpower. Satoshi wanted to prevent potential bad actors from renting out a massive server farm to spam attack the network with 1GB blocks which would have basically stopped Bitcoin dead in its tracks in those early days.
Satoshi left instructions for how to gradually increase and eventually remove the limit altogether, but Blockstream insisted on making it permanent. Bitcoin Cash is now at a 32MB limit and will be changing to dynamic block limits later this year.