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The problem with crypto-currencies
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Chicodoodoo
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Joined: Tue May 03, 2011 6:06 pm Posts: 11864
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Re: The problem with crypto-currencies
Bitcoin uses one level of encryption. Quark uses six levels of encryption. Does it matter how many levels of encryption a crypto-currency has if all can be broken? It has already been revealed that the NSA is active in the development of "highly secure" encryption protocols. They participate so they can build in their own back doors and eavesdrop on the secured messages. That's just one way to do an end-run around "unbreakable" codes. Here's another. Note that it's the Israelis doing this kind of research. Of course, the NSA is way ahead of them, for their back door has been in the RSA code for quite some time. Who knows how many other encryption protocols they have compromised. All of them would be my guess.
_________________ It's not that we can't handle the truth. It's that they can't handle us if we know the truth.
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Sun Jan 19, 2014 3:22 am |
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UncleZook
Joined: Fri May 06, 2011 5:11 pm Posts: 1400
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Re: The problem with crypto-currencies
Israel is the Rothschild banksters' virtual estate. Furthermore, all major western governments are BOGs/ZOGs, having been co-opted decades earlier by public complacence and the execution of the bankstering agenda (as prescribed by the Protocols of The Learned Elders of Zion, e.g. PoTLEoZ). So we have the NSA essentially controlled by the banksters; we also have Israel controlled by the banksters ... which means there exists no important distinction between the NSA and their Israeli counterparts. They both work for the same interests ... and those interests were founded on the issuance of currency. It comes as little surprise then that Tel Aviv (and the NSA) are both interested in cryptocurrencies, and almost certainly jointly interested. With this kind of private hidden undersight, Bitcoin is poised to do to paper money what Diebold did to the paper ballot in the 2004 US Presidential elections. The elites have long owned the vote and the issuance of money ... soon, they will own any healthy resistance to their double monopoly. And that's PoTLEoZ humming down the line on the maglev rails of the 21st century. Pax
_________________ Flight that sends into the clouds brings wings to rest upon the boughs. Then further down to the liquid lawn, to serve as sentries for the gliding swan. Curve, a perfect turning of the line between here and Heaven, with extensions into infinitum.
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Mon Jan 20, 2014 5:12 am |
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Chicodoodoo
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Joined: Tue May 03, 2011 6:06 pm Posts: 11864
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Re: The problem with crypto-currencies
Good analogy. We agree on this one. You say banksters, I say sociopaths, 9eagle9 says "their mind", but I think we are talking about the same deviants that are running this insanity, controlling and manipulating everything within reach in pursuit of their kind of utopia, where they are the masters, and the vast majority are the slaves.
_________________ It's not that we can't handle the truth. It's that they can't handle us if we know the truth.
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Mon Jan 20, 2014 5:38 am |
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nox
Joined: Tue Feb 14, 2012 12:28 am Posts: 25
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Re: The problem with crypto-currencies
one of the basic problems with any socalled "crypto-currency" is that it is inherintly dependand on a functioning " grid " and maintanance of systems forr electrisity and data, and .... Many poeple mistake it for a rebellion against the FEDss and big banksters in general. Not necessaraly so, as you so nicely lay out on UP, here Chico, from you (U) It is another way to entice us and lure us into a (one) complete digital currency . (too) Far away from the basic simple exchange of goods and services , etc .... Including our current understanding of the word "democrac(z)y" . ( from someone ..). And a link (for a laugh) or maybe pure imagination , ( is that even a nation ...) http://www.youtube.com/watch?v=MKXIJw-s ... D6&index=2- from babylon5 series where they called it " credits" for short .. the money unit/extract/derivative ; u.n.i.t ( a perceived value, set by who ? ) So, or anyway : be (a) well U and all n
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Sat Jan 25, 2014 10:33 pm |
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Chicodoodoo
Site Admin
Joined: Tue May 03, 2011 6:06 pm Posts: 11864
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Re: The problem with crypto-currencies
I agree with you, and those are very important points. I just posted the following on one of the Quark crypto-currency discussion forums, where I have been accused of being a troll for posting similar information the cheerleaders of crypto-currency do not want to hear. The dissenting voice is often subjected to false accusations and unfair treatment. It's a shame that human behavior is so unhealthy and self-destructive.
_________________ It's not that we can't handle the truth. It's that they can't handle us if we know the truth.
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Sun Jan 26, 2014 7:29 pm |
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Chicodoodoo
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Joined: Tue May 03, 2011 6:06 pm Posts: 11864
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Re: The problem with crypto-currencies
This article, from December 3, 2013, claims there were 143 Bitcoin copycats out there in cyberspace. If you click on the source link for that information, you will see that there are already many more. As of today, January 26, 2014, about seven weeks later, there are 231 Bitcoin copycats. That's already greater than the number of national currencies ( 180) that exist in the world today. Given how easy a new digital currency is to create, that number will probably continue to grow. If it continues to grow at the same rate we've seen in the last seven weeks, when can expect to see over 2500 competing crypto-currencies before the year is out. It reminds me of the thousands of religions in the world today. Each one is different from the others, and each claims to be the only "true" religion. Many of these religions are full of hypocrites who are ready to kill you for not believing as they do, all while preaching "Thou shalt not kill." Come to think of it, a religion is almost as easy to create as a crypto-currency. It requires just about the same things too, mainly gullibility from the flock and the desire to get rich from both the flock and the shepherds. Hmmm, as a crypto-currency "atheist", I suddenly realize why the crypto-currency faithful are calling for my head.
_________________ It's not that we can't handle the truth. It's that they can't handle us if we know the truth.
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Mon Jan 27, 2014 12:34 am |
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Chicodoodoo
Site Admin
Joined: Tue May 03, 2011 6:06 pm Posts: 11864
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Re: The problem with crypto-currencies
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This article, from December 3, 2013, claims there were 143 Bitcoin copycats out there in cyberspace. If you click on the source link for that information, you will see that there are already many more. As of today, January 26, 2014, about seven weeks later, there are 231 Bitcoin copycats. That's already greater than the number of national currencies ( 180) that exist in the world today. Given how easy a new digital currency is to create, that number will probably continue to grow. If it continues to grow at the same rate we've seen in the last seven weeks, when can expect to see over 2500 competing crypto-currencies before the year is out.
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The rate may be a bit slower than it was before, because on March 11, 2015, there were about 740 crypto-currencies, and that number is growing fast. Does anyone remember tulip-mania? Now we have Russell Brand and Max Keiser teaming up to encourage the use of a new crypto-currency as a means of "revolution" against the criminal monetary system. Do you need any more evidence that these two talking heads are working with the ruling banksters to rob us blind? Want to bet that they each hold a big chunk of the newly created hoard of StartCoins? What an insane circus this planet has become. All because psychological degenerates lead humanity. I agree more and more with Sylvia Browne that Earth is the insane asylum of the universe ( 1 2 3 4 ).
_________________ It's not that we can't handle the truth. It's that they can't handle us if we know the truth.
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Fri Apr 17, 2015 3:23 am |
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Chicodoodoo
Site Admin
Joined: Tue May 03, 2011 6:06 pm Posts: 11864
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Re: The problem with crypto-currencies
As Bill Ryan's loyal hatchet man, Avalon administrator Paul has been quite instrumental in the "suppression of honest evidence and investigation". He banned me from Avalon forever on the flimsy excuse of "not being in alignment with the purpose and energy of the forum." The real reason I was banned was that I was beginning to expose all the unjustified banning going on behind the scenes at Avalon, something Paul was intimately familiar with. Six years after my banning, Paul is still faithfully beheading Avalon members according to Bill Ryan's desires, apparently with no shame or moral misgivings. So the glaring hypocrisy of Paul's implied condemnation of "the destruction of free and well informed speech" is hereby highlighted. And I speak from direct experience. Too often, Paul's unethical actions do not match his sweet-sounding words. That said, I think Paul makes some solid points in this Avalon thread about the flaws and deception inherent in crypto-currencies. I hate to agree with sociopathic types that faithfully serve con-artists like Bill Ryan, but I will agree with them when I believe they speak the truth. Yes, it is a sophisticated con. I too came to the same conclusion after much study that I have documented in this forum ( 1 2 ). I was also active in two Quark coin forums, exposing con-artist and forum administrator Kolin Evans (a.k.a. digitalindustry). I posted extensive information there about the short-comings of crypto-currencies, resulting in the eventual deletion of the entire forum by Kolin, and the demise of Quark crypto-currency.
_________________ It's not that we can't handle the truth. It's that they can't handle us if we know the truth.
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Tue Apr 11, 2017 7:33 am |
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Chicodoodoo
Site Admin
Joined: Tue May 03, 2011 6:06 pm Posts: 11864
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Re: The problem with crypto-currencies
Hello, gullible public. You were sold on crypto-currencies by being told they were secure! I've been here telling you as a retired professional computer programmer that they are not secure! They are not even real, and the intent behind them is not to serve you, but to cheat you, to fool you, and to "take you to the cleaners" (i.e. to clean you out). But people with "crypto-currency fever", so afraid that they will "miss the bus", don't have time to listen. They have to dive head-first into the shallow end quickly or risk missing a potentially huge return on investment! It's 1849 "gold rush fever" all over again. At least gold was real.
_________________ It's not that we can't handle the truth. It's that they can't handle us if we know the truth.
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Sat Jul 22, 2017 5:07 am |
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Chicodoodoo
Site Admin
Joined: Tue May 03, 2011 6:06 pm Posts: 11864
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Re: The problem with crypto-currencies
A quick check now shows 1062 crypto-currencies (up from 45). Welcome to the age of con-artistry. Will Filecoin be number 1063? Scam alert! No viable product, well-orchestrated media hype campaign, private "pre-sale", $250 million raised, and 1062 competitors. Are people really that gullible? Well, yeah, they are.
_________________ It's not that we can't handle the truth. It's that they can't handle us if we know the truth.
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Wed Aug 16, 2017 6:36 am |
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