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The problem with crypto-currencies 
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“The government should out rightly ban buying, selling, investing and otherwise dealing in cryptocurrencies by any person resident in India,” the resolution, passed at the SJM national meeting, demanded.

According to the resolution, cryptocurrencies have no underlying value, their issuers are not identifiable, they lead to heavy speculation that can damage the financial market, and their recognition may result in money laundering and financing terrorism.

“Cryptocurrencies such as Bitcoin, Ethereum, etc should not be recognised as asset or digital asset because it will indirectly become medium of exchange like currency.” -- source

Quite right. Cryptocurrencies are a total scam.

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The SJM also asked the Reserve Bank of India (RBI) to launch its digital currency as soon as possible to check the “unauthorized use” of private digital currency.

“The law relating to issuance of digital currency by the Reserve Bank of India should be framed quickly. The CBDC [Central Bank Digital Currency] should be considered as legal tender,” it said.

:face: :face: :face:

Load gun, aim at right foot, pull trigger. Act surprised at wound.

"The only good cryptocurrency is the one we create." Doesn't that pretty much tell you all you need to know about the legitimacy of cryptocurrencies?

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Tue Dec 28, 2021 7:04 am
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Biden will reportedly be signing an executive order later this week which will outline the government’s strategy for cryptocurrencies, marking the first step towards the regulation of digital currency. -- source

So much for no one being able to control crypto-currencies. This was, of course, the primary advantage of crypto-currencies that all the promoters were parroting in the beginning of the crypto-currency mania. It was an illusion then because the central banksters already had crypto backdoors built into the so-called "secure and decentralized" crypto-currencies. It is additionally an illusion now because the governments, totally controlled by the ruling sociopaths who are the central banksters, can also regulate crypto-currencies whenever they want via government.

It is amazing how stupid most people are. No wonder the ruling sociopaths see us as sheep only fit to be used as a resource.

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Tue Mar 08, 2022 7:39 pm
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Canada's Rogers Communications Inc. reported widespread network outages on Friday morning, affecting financial institutions, government agencies, law enforcement, businesses, and wireless phone and home internet customers. -- source

How well do crypto-currencies work without the Internet?

Answer: They don't work at all.


How well do silver and gold coins work without the Internet?

Answer: They work just fine.

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Sat Jul 09, 2022 4:13 am
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Meanwhile, the data tracked by website CoinGecko shows that the value of global crypto assets has fallen over 70% from a record peak of just under $3 trillion recorded a year ago.

The price of bellwether Bitcoin tumbled 22% in the seven days through Sunday, its worst weekly performance since mid-June, while its market cap fell to $305 billion. The top crypto has lost three-quarters of its value in one year.

At the same time, Ether dropped 24%, its market cap declining to $144 billion. Solana was the biggest loser, dropping over 60% in the past seven days. Dogecoin fell by 30% over the same period.

FTX filed for Chapter 11 bankruptcy protection on Friday. Its CEO Sam Bankman-Fried stepped down. -- source

Nine years ago I was laying out my evidence for crypto-currencies being a total scam. The vast majority of people had swallowed the official narrative on crypto-currencies hook, line, and sinker, and so they thought I was stark, raving mad. Time has proven them all to be wrong, despite the overwhelming consensus they had in their favor. The same thing happened with the COVID-19 fake pandemic and fake vaccine. I was one person against the mob. And I was right.

My success is easily explained. 80% of the human population are Followers. The ruling sociopaths target them with their scams, and the Followers believe what they are told. Not only that, they parrot the official narrative incessantly among themselves. As a result, consensus is solidly on their side. But consensus does not guarantee accuracy. In fact, once you understand what is actually happening, that consensus is a warning signal indicating massive deception and manipulation. Followers cannot think for themselves very well, so when they are all on the same page, they have been led there. They've been conned. They've been fooled.

It's the same story regarding the conflict in Ukraine, 9/11, or the Holocaust Lie. The masses get duped, all while being convinced the facts are solidly on their side.

It's absolutely astounding to witness.

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Thu Nov 17, 2022 2:43 am
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Crypto-currencies are secure? Are you kidding me!?

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2022 turned out to be less than a stellar year for cryptocurrencies, with a series of crashes of major coins capped by the meltdown of FTX, a Bernie Madoff-style Ponzi scheme with suspected links to both major US political parties and the Biden White House.

‘North Korea-linked’ hackers purportedly made off with at least $630 million in cryptocurrency in 2022, sanctions monitoring agents have indicated in a report to the United Nations Security Council. -- source

Nope, not secure.

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Fri Feb 10, 2023 7:02 am
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The crash of the LUNA coin in May added to the decline. At one point, LUNA was ranked as the seventh biggest cryptocurrency in the world. But following an unsustainable business model and other issues, LUNA declined by 96 percent in a single day in May 2022. -- source

The insanity of crypto-currencies is about the same thing as our current monetary system, where paper and digital money backed by nothing is created out of thin air by central banks owned and controlled by the ultra-wealthy Rothschild family.

Hey, wouldn't you be ultra-wealthy if you had a global monopoly on the creation of money from nothing?

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Sun Feb 26, 2023 2:45 am
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First is that cryptos lack a “sound nominal anchor.” Cryptocurrencies themselves are highly volatile.

Meanwhile, stablecoins, a type of crypto where its value is pegged to an asset like the U.S. dollar, “borrow credibility from real money issued by banks.”

Second, fiat money is anchored in a trusted institution like a central bank that guarantees the stability of the currency as well as the final settlement of transactions and their safety.

Crypto does not have such centralized government-level guarantees.

Third, the decentralized nature of cryptocurrencies means that it relies on incentives to anonymous validators to confirm transactions in the form of rents and fees.

This prevents scalability and results in congestion. -- source

First, the U.S. dollar lacks a “sound nominal anchor.” It is backed by nothing but misplaced faith resting on deception. The dollar is also highly volatile, having been devalued today to 1% of the value it had in 1913.

Second, central banks are not trusted institutions. The American privately held (by foreigners), for-profit central bank has systematically eroded the value of the dollar over the last 110 years, and today the central bank is trying to crash the dollar completely to usher in their New World Order and One World Currency that will allow them to exercise total control over the value of the money you hold. Only ignorant or brainwashed people trust the central banks.

Third, the monopoly of the monetary system in the hands of the Rothschild family highlights the centralization of this criminal empire where audits and transparency of monetary manipulations are not even allowed. There are no legitimate validators, because that might expose the crimes and con-artistry of the central bankers.

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Sun Feb 26, 2023 4:24 am
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2022 was a disastrous year for the crypto industry, seeing most crypto assets lose more than 70% of their valuation from their market highs. Outside the crypto winter, the collapse of crypto lending giants, exchanges and asset funds became a more significant concern. Many then questioned regulators for not ensuring investor security and enforcing regulations. In 2023, the tables have turned, with regulatory agencies coming out in full force against crypto firms. -- source

Crypto was a scam right from the beginning, with Bitcoin being introduced as a test run for fiat digital currency by the international central bankers themselves (the Rothschild cabal) via DARPA in the typical clandestine deception. I realized this with my first investigation into Bitcoin, and continued inquiry into crypto-currencies simply confirmed my suspicions. The current fiat paper money system is a scam, so its proposed replacement, at the hands of the scammers themselves, is bound to be an even bigger scam. Who could fail to see it? Unfortunately, just about everyone.

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Tue Feb 28, 2023 5:50 pm
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Didn't I provide evidence, many years ago, for why crypto-currencies are a scam, starting with Bitcoin?

I dug into Bitcoin, studied how it worked, and then pointed out how they were lying about it, and why it was a scam.

Was I right? Of course I was.




Crypto: The World’s Greatest Scam.
(duration 54:18)

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Sun Apr 23, 2023 6:32 am
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Now that we have had the 9/11 psyop, the fake climate change psyop, the rigged 2020 U.S. presidential election psyop, the fake COVID-19 pandemic psyop, the fake COVID-19 vaccine psyop, and the ridiculous Ukraine conflict psyop, it may be easier to wrap your mind around crypto-currrencies being another psyop from the ruling sociopaths (i.e. the Rothschild central banksters).

Remember that the operating strategy of the ruling sociopaths is "Order out of Chaos". So why not fund the creation of the first crypto-currency (Bitcoin), open source it to ensure hundreds of copy cat crypto-currencies, which creates a chaotic mess, then come to the rescue with a single crypto-currency blessed by the central bank cabal called a CBDC (Central Bank Digital Currency). Et voila! A financial slavery system par excellence!

Quote:
The paper acknowledges the CBDC role in the elimination of cash (banknotes) and that they effectively end anonymity in transactions and prevent both “illicit transactions” and “store of value”, because CBDCs – through tiered remuneration – “Allows overcoming the ZLB as one may impose negative interest rates on CBDC”. -- source

So what you do with your CBDC is determined by the central banks. They can decide what you are allowed to spend it on, how much time you have to spend it, and how much it is worth at any particular time. This is far worse than the scrip ( 1 2 3 ) workers were receiving over 100 years ago that could only be spent in the company store run by the employer.

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In the United States, payment in scrip became illegal in 1938 as part of the Fair Labor Standards Act. -- source

In effect, the central banks will become the company store, and we all become the captive workers slaving away for the Masters.

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Mon Jul 10, 2023 4:46 am
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