Yeah the changes they instituted during the fork of BTC was how the swamp took over. But the problems go way beyond just that.
Here is my biggest gripe. There is no single commodity that has been consistently bought and sold for pure BTC without any middle men or currency conversion in the mix.
If enough people really believed in BTC, this would have happened - either gold / silver or real estate or anything else. If enough people truly believed that BTC holds value and USD is the one getting devalued, and put their BTC where their mouth is, and used BTC as the true means of exchange of goods, guess what would have happened?
The USD (FERN) would have collapsed by now.
If BTC only works in a free world but not in a corrupted world, how would it stop future corruption ?
There are a lot of cool things happening in the payment space though, but this is a vendor supplier economic loop that needs to be dealt with. Vendors cannot keep crypto revenue if their expenses towards their suppliers are in fiat. Some places in Australia and the Caribbean islands have started to deal with this and do not convert more than necessary.
Also the naked shorting fraud that the banking industry are getting away with point to the face that money will never work if there is no integrity in the population to deal with actual corruption like you suggest here.
I envision this is now more of a drip drip flood, where the creator of OG Bitcoin (now BCH) saw a potential for a massive shakeup of the corruption in the release of this technology.
The battle for our future is real and tether is just another corrupt tool that have been able to cause a lot of destruction because of the corrupt people in charge of law enforcement.
Bitcoin have to a massive extent exposed universal plunder.
Like... How fucked up and immortal did the FED seem in 2008 vs now in 2024? Only 14 years since the release of the Bitcoin Whitepaper and the actual shutdown of the FED seems to be only one election away.
Not to forget that during Trumps previous term the FED got placed under the Treasury. Absolutely amazing!
but this is a vendor supplier economic loop that needs to be dealt with. Vendors cannot keep crypto revenue if their expenses towards vendors is in fiat.
This brings up another crucial problem with BTC (and all cryptos so far). There is no intrinsic value to these cryptos, and there arent enough people in all areas of economy who believe in its value.
If a crypto has an intrinsic value, no one can manipulate it. People can always arbitrage any manipulation attempts and not only make money, but also thwart the manipulation.
An intrinsic crypto example would be one where you add your computing devices to the network, and get paid in a crypto for each unit of compute you allow access to. Every crypto represents an unit of compute. If someone can build this efficiently, it will end the current financial system in short time.
I envision this is now more of a drip drip flood, where the creator of OG Bitcoin (now BCH) saw a potential for a massive shakeup of the corruption in the release of this technology.
You are correct, but I would qualify this a bit further. OG Bitcoin was an double-edged sword endeavour that the Cabal allowed the creation of to absorb the $25T bank bailouts afteer 2008, without causing uncontrolled inflation. They put in enough loopholes in the tech to make sure it wont get out of their control, one way or another.
The WHs, allowed this to happen, but ensured this would give people the taste of a "freedom currency" and also expose the Bank frauds. Specifically, they used Cabal's tool as a tool for Financial Great Awakening.
Now people have gotten the taste, there is no putting that genie back in the bottle. When the time is right, a perfect implementation of this technology will be released and people will be ready for its implications.
Wait until you see what Nockchain is going to build for medical research and decentralized peer network, zero knowledge data validations in El Salvador.
Its a distributed ledger. As long as someone solves accurately, cheaply and efficiently the problem of double spend in a distributed ledger, without compromising the distributed nature or the security and anonymity, it would be a HUGE deal.
If not a distributed ledger, the only other option is (as far as my brain can think), an offworld Ledger where the entries are stored and protected from tampering by an benign off world entity
Blockchain technology is the future, agreed. But not Bitcoin. Too many problems for it to become the "future"
BTC is a swamp/mossad takeover now.
Bitcoin Cash did their due diligence to avoid the takeover.
Bitcoin Cash is the technical real Bitcoin.
The whitepaper has the reasoning why.
Yeah the changes they instituted during the fork of BTC was how the swamp took over. But the problems go way beyond just that.
Here is my biggest gripe. There is no single commodity that has been consistently bought and sold for pure BTC without any middle men or currency conversion in the mix.
If enough people really believed in BTC, this would have happened - either gold / silver or real estate or anything else. If enough people truly believed that BTC holds value and USD is the one getting devalued, and put their BTC where their mouth is, and used BTC as the true means of exchange of goods, guess what would have happened?
The USD (FERN) would have collapsed by now.
If BTC only works in a free world but not in a corrupted world, how would it stop future corruption ?
Very much agree with you.
There are a lot of cool things happening in the payment space though, but this is a vendor supplier economic loop that needs to be dealt with. Vendors cannot keep crypto revenue if their expenses towards their suppliers are in fiat. Some places in Australia and the Caribbean islands have started to deal with this and do not convert more than necessary.
Also the naked shorting fraud that the banking industry are getting away with point to the face that money will never work if there is no integrity in the population to deal with actual corruption like you suggest here.
I envision this is now more of a drip drip flood, where the creator of OG Bitcoin (now BCH) saw a potential for a massive shakeup of the corruption in the release of this technology.
The battle for our future is real and tether is just another corrupt tool that have been able to cause a lot of destruction because of the corrupt people in charge of law enforcement.
Bitcoin have to a massive extent exposed universal plunder.
Like... How fucked up and immortal did the FED seem in 2008 vs now in 2024? Only 14 years since the release of the Bitcoin Whitepaper and the actual shutdown of the FED seems to be only one election away.
Not to forget that during Trumps previous term the FED got placed under the Treasury. Absolutely amazing!
All good points.
This brings up another crucial problem with BTC (and all cryptos so far). There is no intrinsic value to these cryptos, and there arent enough people in all areas of economy who believe in its value.
If a crypto has an intrinsic value, no one can manipulate it. People can always arbitrage any manipulation attempts and not only make money, but also thwart the manipulation.
An intrinsic crypto example would be one where you add your computing devices to the network, and get paid in a crypto for each unit of compute you allow access to. Every crypto represents an unit of compute. If someone can build this efficiently, it will end the current financial system in short time.
You are correct, but I would qualify this a bit further. OG Bitcoin was an double-edged sword endeavour that the Cabal allowed the creation of to absorb the $25T bank bailouts afteer 2008, without causing uncontrolled inflation. They put in enough loopholes in the tech to make sure it wont get out of their control, one way or another.
The WHs, allowed this to happen, but ensured this would give people the taste of a "freedom currency" and also expose the Bank frauds. Specifically, they used Cabal's tool as a tool for Financial Great Awakening.
Now people have gotten the taste, there is no putting that genie back in the bottle. When the time is right, a perfect implementation of this technology will be released and people will be ready for its implications.
That’s like saying the Constitution doesn’t work because of how bad things have gotten.
None really. Most of them have lost their path and try to be anything but money, so they end up being exactly that (anything but money).
I recommend reading the whitepaper several times and yearly. Mainly to understand the incentive structure of the OG Bitcoin.
BTC lost the plot even at the title of the Whitepaper.😂
Oh god lol you are a Craig Wright believer aren’t you?
Craig WRONG is most likely blackmailed by the Australian (five eyes) government to try to destroy Bitcoin.
He tried like the BlockStream swampers, to take over the real Bitcoin.
He also failed.
Monero and Dero
Monero is almost exactly like Bitcoin, except for extra encryption / hashing to make transactions anonymous.
Not sure Blockchain is that big of a deal either. Just a ledger that's, I guess, very difficult to make edits to past entries.
Wait until you see what Nockchain is going to build for medical research and decentralized peer network, zero knowledge data validations in El Salvador.
Its a distributed ledger. As long as someone solves accurately, cheaply and efficiently the problem of double spend in a distributed ledger, without compromising the distributed nature or the security and anonymity, it would be a HUGE deal.
If not a distributed ledger, the only other option is (as far as my brain can think), an offworld Ledger where the entries are stored and protected from tampering by an benign off world entity
Yeah, the distributed part I don't consider as a big deal.
But that’s the reason why you can be sure that the past entries have not been changed
100% spot on… block chain yea, btc neah…. Problem is to many retards think they are the same (mainly the btc crowd)