Welcome to General Chat - GAW Community Area
This General Chat area started off as a place for people to talk about things that are off topic, however it has quickly evolved into a community and has become an integral part of the GAW experience for many of us.
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Rules for General Chat
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Be respectful to each other. This is of utmost importance, and comments may be removed if deemed not respectful.
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Rules For the rest of the Site also accessible on the sidebar.
Election Countdown special! High quality wallpaper for your enjoyment.
Today's wallpaper is Pepe Trump to the Rescue !
You know how they say to trust your gut instinct?
My gut says that Bitcoin is bullshit. I've never trusted it.
And yet, Trump speaks highly of it, even being caught on video a couple of weeks ago paying for a meal with it.
I bring this up because I just learned that some documentary filmmaker claims he has found the real "Satoshi Nakamoto" and will reveal his identity.
Except this is the same guy that made an anti-Q documentary.
Bullshit.
Remember what Elon said and then deleted?
First you have to understand WHY Bitcoin is unique. Forget what you've heard.
Bitcoin is unique because even if you control 99% of it, you still cannot prevent those who own the remaining 1% from doing whatever they want with their money.
To do that, you need to control the world's energy supply. An entirely orthogonal (and very expensive) resource. I think I have pretty good intuition, and the CIA simply would never design a currency that is fundamentally uncontrollable even for them. There are so many easier ways to accomplish what they want than the proof of work algorithm in Bitcoin.
Instead, the CIA would (and did) develop Ripple to thwart Bitcoin. They saw the danger that BTC represented, and in 2017 infected the crypto community with green nonsense, creating proof of stake, and eventually, proof of authority coins like XRP. Ripple (XRP) has always been a CBDC with a thin veneer of blockchain to hide its truly centralized nature.
These are coins where if you control enough of the currency you absolutely can stop people from transacting. That is the marker of a CIA operation.
If you understand the history of the Liberty Dollar, you can also understand why the creator(s) of Bitcoin were so careful to hide their identity. The only thing we are reasonably certain of is that Nick Szabo was at least one of the people behind the Satoshi nom-de-plume. Baysian analysis of the original Satoshi emails confirms that.
So if you want to begin your research on the real identity of the group calling themselves Satoshi Nakamoto, begin with researching his life.
TBH though, most of the world's tapped energy supplies are already defacto government monopolies via licensing schemes, so positing needing to control energy supplies as a requirement to undermine Bitcoin ain't exactly a strong point.
Yes, but you also need to restrict it from everyone else so ONLY you can use it. It's not enough just to operate the supplies. And restricting energy has a tendency to piss off the very people you are trying to control with your programmable currency. It is a very difficult and unprofitable scenario. I don't believe the CIA would ever intentionally create something like this when there are so many better/easier options.