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Bitcoin -- the Emperor's new clothes 
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Post Re: Bitcoin -- the Emperor's new clothes
:lol:

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Tue Mar 11, 2014 6:07 pm
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Post Re: Bitcoin -- the Emperor's new clothes
BUMP

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Wed Mar 12, 2014 2:22 am
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Post Re: Bitcoin -- the Emperor's new clothes
After being correctly accused of not contributing anything of value to the forum, but working instead to undermine the forum with his grab-bag of annoyances, Andy quickly back-pedaled and made a small effort to contribute something useful.

Nice game-playing, Andy. Consistent as usual.

I looked into this new method of testing gold bars and the impact it could have on our economic system. Here are a few interesting things I found:

Quote:
But a 400 ounce bar with 1/16″ gold surrounding a tungsten slug would cost about $50,000 to make (and sell for about $700,000 if undetected) and would likely pass sound, feeling, chemical and weight tests along with an x-ray fluorescence scan.

Detecting a high-quality fake tungsten gold bar would be extremely difficult. It would likely require significant and material alterations to the bar being tested and this would negatively affect the marketability if its hallmark veracity were vindicated

As of October 2010 GoldMoney begun using ultrasound scanning technology to verify that each of the gold bars we store for you is free of foreign materials and defects. Any bar that fails the ultrasound test is melted down, assayed and then recast into a new bar. -- source

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Until recently, short of drilling into the bar, there was no convenient, reliable way to separate the genuine from the fake - that's where GE's portable ultrasonic detectors come in.

Imagine the pandemonium if the central banks not only had less than half the gold they claim but if of the gold they have the majority of it is really tungsten gold. Tungsten gold bars being ferreted out in Germany is disturbing. -- source

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Wed Mar 12, 2014 7:11 pm
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There is no doubt what the ruling sociopaths consider money. It's what they were reportedly taking out of the WTC shortly before 9/11. It's also what they were reportedly taking out of Ukraine just recently.

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“There are now reports coming from Ukraine that all of the Ukrainian gold has been airlifted, at 2 AM Ukrainian time, out of the main airport, Boryspil Airport, in Kiev, and is being flown to New York -- the presumable destination being the New York Fed....

Now that’s 33 tons of gold which is worth somewhere between $1.5 billion - $2 billion. That would amount to a very nice down payment to the $5 billion that Assistant Secretary of State Victoria Nuland boasted that the United States has already spent in their efforts to destabilize Ukraine, and put in place their own unelected government.” -- source

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The location and disposition of national gold reserves is a secret far more sensitive than the location and disposition of nuclear weapons. The possession of gold enables the rigging of all markets. The possession of gold and the control of the gold market and currency markets are far greater mechanisms of power than military mechanisms. -- source

Crypto-currency? That's just the opium of the masses.

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Tue Mar 18, 2014 1:03 am
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Post Re: Bitcoin -- the Emperor's new clothes
BUMP

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Tue Mar 18, 2014 7:29 pm
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Andreessen said that his contact with unnamed US agencies suggested that they now see advantages to Bitcoin over the dollar, for example, in the way all Bitcoin transactions are publicly recorded in a digital ledger commonly referred to as the blockchain.

"The smart people in the government have figured out this could be an immense tool for them," Andreessen said. He is certain it’s a pretty attractive thing to be able to mine the blockchain for sensitive data on individuals.

Academic research suggests that analysis of the blockchain could make it possible to trace and identify the flow of bitcoins in a perfectly detailed way, since all of them get registered and pop up on every client’s computer.

Bitcoin is not, in fact, anonymous, and far from being immune to investigation, law enforcers stress. -- source

Every transaction for every user is recorded in the blockchain, and no user is anonymous to those who really want to know all about your spending habits. Crypto-currencies were designed to benefit the money masters, not the ordinary people. But crypto-currencies were falsely sold to the people as the weapon to bring the banksters down. The gullible and the greedy were cheerleading the crypto-currencies all the way, exactly as the money masters planned.

Crypto-currencies are basically a trick, a very clever way to make the people demand their own enslavement via a one-world digital fiat currency that the people were never intended to control.

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Mon Mar 31, 2014 7:28 am
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Quote:
Andreessen said that his contact with unnamed US agencies suggested that they now see advantages to Bitcoin over the dollar, for example, in the way all Bitcoin transactions are publicly recorded in a digital ledger commonly referred to as the blockchain.

"The smart people in the government have figured out this could be an immense tool for them," Andreessen said. He is certain it’s a pretty attractive thing to be able to mine the blockchain for sensitive data on individuals.

Academic research suggests that analysis of the blockchain could make it possible to trace and identify the flow of bitcoins in a perfectly detailed way, since all of them get registered and pop up on every client’s computer.

Bitcoin is not, in fact, anonymous, and far from being immune to investigation, law enforcers stress. -- source

Every transaction for every user is recorded in the blockchain, and no user is anonymous to those who really want to know all about your spending habits. Crypto-currencies were designed to benefit the money masters, not the ordinary people. But crypto-currencies were falsely sold to the people as the weapon to bring the banksters down. The gullible and the greedy were cheerleading the crypto-currencies all the way, exactly as the money masters planned.

Crypto-currencies are basically a trick, a very clever way to make the people demand their own enslavement via a one-world digital fiat currency that the people were never intended to control.


Excellent post, Chico.

I echo the arguments.

The money chameleons know when to change color to fool the unsuspecting ... Bitcoin is a fresh color on an old scam: fiat money.

Again, if Diebold and electronic voting machines showed us something, it's that electrons can be manipulated to an ends. In the beginning, when tokens were primitive and the only electrons that mattered were orbiting the shells of atoms, anyone and their Uncle Benny could counterfeit and make a bit of profit (before the counterfeit was discovered). Today, the black art of counterfeiting is limited to the very dedicated and capable few. Tomorrow, it will be limited exclusively to rogue elements in the state, for the state effectively owns the machinery of electron-based counterfeiting.

Diigital currency (crypto- or otherwise) removes the need for human interaction and any oversight that that entails. As well, tomorrow promises to converge the sundry crafts of currency counterfeiting into one small gathering tent, namely, the single electronic mint of a one world state. That is, if we allow it.

In short, Bitcoin is a road into the totalitarian state of FSD. We need to shout "Plague!" ... so it becomes a road out.

Pax

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Mon Mar 31, 2014 4:35 pm
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UncleZook wrote:
Today, the black art of counterfeiting is limited to the very dedicated and capable few. Tomorrow, it will be limited exclusively to rogue elements in the state, for the state effectively owns the machinery of electron-based counterfeiting.

I actually think the means to clandestinely counterfeit crypto-currency is built into the examples we have been presented, like Bitcoin. They are designed to give the impression that they are secure, and they are indeed secure in the sense that the general public does not have the sophistication to counterfeit the currency. The money masters, however, have ensured that they will be able to gain control of the currency when the time is ripe, which means when the general public has placed its complete trust in the currency and accepts it without question.

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Mon Mar 31, 2014 5:53 pm
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Post Re: Bitcoin -- the Emperor's new clothes
I can't even give Zook credit on being able to discern crypto currencies, because his default mechanism is to discredit. Discredit not for knowledge, but to reinforce his own pathology. It's amazing stuff. A total chameleon.

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Tue Apr 01, 2014 9:43 am
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magamud wrote:
I can't even give Zook credit on being able to discern crypto currencies, because his default mechanism is to discredit. Discredit not for knowledge, but to reinforce his own pathology. It's amazing stuff. A total chameleon.

I agree. It is amazing stuff. Like I said, it's beyond belief.

I bow to your perceptive observation and succinct analysis here. I had not thought enough about how sociopaths reinforce their own pathology. That is, of course, why they expend so much effort trying to brainwash the population into thinking like them, just like Zook does. It's an amazing parallel, the microcosm reflecting the macrocosm (or vice versa) once again.

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Tue Apr 01, 2014 7:12 pm
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