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Bitcoin -- the Emperor's new clothes 
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Post Re: Bitcoin -- the Emperor's new clothes
Good Work Chic...

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Fri Aug 01, 2014 9:36 pm
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Post Re: Bitcoin -- the Emperor's new clothes
Another update on the Quark crypto-currency saga:

Well, well, well. A lot can happen in the Quark world 8 months. It turns out digitalindustry (Kolin Evans) is a scam artist to the very core of his demented being, just like I pointed out in the Quark forum. He is quite literally a game-playing, deceiving, manipulating, shameless, irresponsible, selfish, greedy, lying, uncaring sociopath. He also hid behind numerous sockpuppets, one of which appears to be jpmorgansnose, an account he liberally used to heap ridicule and venom upon me and anyone else opposing him while keeping his digitalindustry account relatively "clean". Quark was a scam from the beginning, as all crypto-currencies are, whether there are well-meaning people behind them or not. The granddaddy of them all, Bitcoin, was a false-flag creation of the global banking controllers. Bitcoin, or any of its off-spring, would move the banking money masters closer to a one world fiat currency that they quietly control behind the scenes. Meanwhile, the stupid populace buys into the con believing it is the "anti-banker" currency of the people.

That Kolin duped so many people in his forum is tragic and an indication of the incredible vulnerability of trusting people in the hands of sociopaths. The global banking controllers are sociopaths of the highest order who make forum administrator Kolin look like a mental patient. Let that sink in before you defend any crypto-currency derived from Bitcoin as the decentralized money that will free the people from the bankers' control. The Bitcoin model was designed to do the exact opposite. And people are still falling for the con.

As for Kolin, he is still out there working on his next great scam:

Step One (1) The creation of the Units to sell.
Step Two (2) The glorious Sale; an amazing success !
Step Three (3) Price manipulation at zero cost and creating the illusion of value.

He's not exposing fraud in his blog, as he likes to claim. That's just plausible deniability, the con-artist's best friend. No, arrogant and egotistical sociopath that he is, he's just showing off the skills he has developed as a con-artist! He has done all three steps with Quark and publicly brags that he knows all the tricks of the trade. That's because he practices them all the time!

The Quark forum Kolin administered is basically shut down, though it is still visible to members who sign in. A new forum (without Kolin on board) has been created as its replacement here. It's just another church in a world where there is no God. I won't be attending services there, needless to say, because crypto-currency is a con, just like organized religion.

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Wed Dec 24, 2014 7:18 am
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Bitcoin, the grandaddy of the crypto-currencies, with ultra-security to keep your imaginary money safe, just can't seem to avoid being hacked, and hacked again, and again, and again...

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News about bitcoin exchanges being hacked has become all too commonplace. Today several exchanges are announcing that they have become the victims of malicious hacks resulting in a loss of bitcoin from their wallets. -- source

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Mon Feb 16, 2015 8:18 am
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Here's Max Keiser a year ago in an interview with Alex Jones, lying through his teeth about Bitcoin:

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"In that situation, people are going to be scrambling for hard currency -- gold, silver, and Bitcoin. Bitcoin is a hard currency, because there is a finite number of Bitcoin in circulation, it's scarce, and it's highly desirable." -- Max Keiser (source at 16:09)

Gold and silver are hard currencies, because they don't get conjured into existence out of thin air like magic. Bitcoin and all other crypto-currencies do. Crypto-currencies are not hard currencies. No sane person would even make such a claim, and yet here's Max Keiser doing exactly that.

Now why would Max Keiser be selling a Big Lie like that to the public? Could it be that the ruling sociopathic banksters want the public believing that Bitcoin is as good as gold? Ask yourself why they might want the public believing that... It would only make sense if the banksters know that they can ultimately control any crypto-currency that can succeed on the world stage. Given that they created the underlying structure upon which all crypto-currencies are based, I think they do know exactly that, and that it has been their plan all along.

It's the same scam as in the political arena. They don't care who the public ultimately votes for, as long as they (the banksters) secretly have control over the candidates.

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Sat May 02, 2015 3:14 am
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Crypto-currency believers, including the Bitcoin faithful, live in La-La Land.

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As part of a newly published roadmap for the Bitcoin Foundation, executive director Bruce Fenton has suggested removing bitcoin creator Satoshi Nakamoto as a founding member.

Though he called for the removal of all founding members from the organisation, Fenton singled out Nakamoto's inclusion as "not accurate", arguing that he or she was never involved in the group's creation. -- source

Right, it's officially time to strip Satoshi Nakamoto of his privileged status. :face:

Satoshi Nakamoto is a non-entity, a fiction, an imaginary friend. He/she/it doesn't even exist! It's like saying we need to remove Santa from the Board of Directors of the North Pole Toy Factory.

Well, there must be some kind of rationalization as to why the creators of Bitcoin must keep their identities secret.

Quote:
Why Be Anonymous?

There are two primary motivations for remaining anonymous. One is privacy. As Bitcoin has gained in popularity, indeed becoming a worldwide phenomenon, Satoshi Nakamoto, if a public figure, would likely garner a lot of attention from the media and from governments. By staying anonymous, Satoshi is able to remain out of the spotlight.

The other reason is safety. One may conclude that only Satoshi and perhaps a few other people were mining through 2009, and that they possess a majority of that $900 million worth of BTC. Someone in possession of that much BTC could become a target of criminals, especially since bitcoins are less like stocks and more like cash, where the private keys needed to authorize spending could literally be kept under a mattress. It would make sense, however, that the inventor of Bitcoin would take precautions to protect his/her bitcoins and make any extortion-induced transfers traceable. -- source

The real reason for the creators of Bitcoin to remain anonymous is because they are committing a crime. They are running what could become the replacement for the biggest con-game in the history of the planet, the global reserve currency counterfeit fiat money scam, i.e. the dollar.

The real creators of Bitcoin are the very same people running the current monetary scam, the Zionist banksters who control the currency of the world. They hired the most sophisticated computer scientists that the best intelligence agencies had to offer to design the next great con ( 1 2 3 4 5 6 7 ).

When you are the most successful parasite gorging on all of humanity, you have to remain anonymous lest all of humanity should properly decide to heal itself by smiting you into oblivion.

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Mon May 04, 2015 8:51 pm
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Dang it! I hate it when I'm right! Somewhere on here I posted more than once that crypto-currency (i.e. Bitcoin) was a New World Order psy-op designed to give the ruling sociopaths more power and control over the masses. Another confirmation of that is here:

Quote:
For a quick primer for those who don't know, the Federal Reserve is the sole issuer of US Currency (not the US Mint, who prints notes and coins.) The Federal Reserve is a private institution, owned by the banks. It was previously thought that, the idea of a one world currency was preposterous, because, how would all countries agree on having a single central bank? But here's the workaround - the Forex banks have a monopoly on the global monetary system. So by forcing their central bank partners to use "Settlement Coin" in order to save on hefty settlement fees (and it will solve the problem of the recent SWIFT hacks as well - part of the plan??? )

A few scenarios here - one, the banks knew that if they didn't do it, some new players might do it. Two, this plan was hatched long ago by some clandestine CIA op, starting with the release of Bitcoin, leading into the global one world cryptocurrency, all sponsored by Illuminati. Three, central banks have legitimate concerns about security (such as because of recent hacks) and have no real way out of QE, they can't stop it and they can't continue it. This is a parallel financial system in which assets can be transferred over to. -- source

So now the all-powerful central banks of the world, owned by the Rothschilds and their minions, create their own brand of crypto-currency and essentially arrange things so that we eventually have to use it. They phase out cash, provide incentives to move to the new One World digital currency, and control everything through their cryptographic "back doors", including the creation of new money whenever they decide it benefits them (which is basically all the time).

The tyranny before us is beyond belief. But it is real.

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Mon Aug 29, 2016 3:17 am
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To herd us into using digital currency exclusively, the option to use physical cash is being banned. India plans on eliminating the most used paper notes of their currency.

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But the announcement, made on national television in both Hindi and English, led to an immediate upheaval in the country. Abolishing the current version of the 500 and 1,000 rupee notes, worth about $8 and $15, will effectively remove 80 percent of the currency in circulation. -- source

The United States "government" is trying to eliminate the $100 and $50 notes.

Quote:
The European Central Bank is considering eliminating its highest paper currency denomination, the €500 ($558) note. Now former Treasury Secretary Lawrence H. Summers is calling for a global agreement by monetary authorities to stop issuing notes worth more than $50 or $100.

While Benjamin Franklin wouldn’t immediately lose his place on the face of American money, no new $100 bills would be issued under Mr. Summers’s plan. -- source

Yes, that's the financial crook Larry Summers of "too big to fail" bank bail-out infamy.

Quote:
In Australia, Citibank has just become the first to declare that it no longer will accept notes or coins. Only digital transactions. This follows on the heels of India banning large cash denominations.

The cash-oriented changes of these two countries are especially troubling in light of the eventual plans to phase out large denomination euro notes and the US 100 dollar bill by 2018. -- source

Citibank! Another benefactor of the "too big to fail" financial con-game!

This is classic "problem - reaction - solution" manipulation of the public. The money masters want the public to turn to Bitcoin as a perceived safe haven, when Bitcoin is nothing but a cashless system that the money masters can secretly control and manipulate.

Quote:
There are currently riots occurring in Greece upon O’Bomber’s arrival. The Greek banking system has been nearly shuttered now for years. Cyprus depositors found their funds confiscated over one weekend in 2013. Italian and German banks are on the brink of failure. Indians are dying in the streets amidst mass chaos as the government has demonetized much of their currency. And in places like Sweden and Australia they are quickly moving to get rid of cash as well.

Imagine if in all these places people used bitcoin for transactions. All of these things would be a non-event. -- source

They would be a non-event because people foolishly believe Bitcoin cannot be compromised. The public has a false sense of security concerning Bitcoin, which is continually reinforced mostly in the alternate media (very clever). But it is also a con. Bitcoin was created by the foremost intelligence-agency talent at the behest of the money masters! The encryption "protecting" the crypto-currency is an illusion, with back-doors and secret key access designed-in for the money masters to control matters clandestinely!

Yes, we are being played big-time. Remove access to cash, and people will defiantly turn to Bitcoin to "stick it to the Man", not realizing that this is the plan. The entire world ends up using a single digital fiat currency (a one-world currency) that the money masters can totally monitor, control, and manipulate. We become complete economic slaves.

This is the way sociopaths think, people. The typical mistake of the non-sociopath is to believe that no one would think in such an evil way. Big mistake!

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Wed Nov 16, 2016 6:15 pm
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Post Re: Bitcoin -- the Emperor's new clothes
Catch the excitement! Bitcoin will set you free!



Magic Money - Available Now


Yes, it's magic money! It's a miracle! We're saved!

In fact, it's just the opposite. It's exactly what the money masters, the ruling sociopaths, ordered. They got some of the best programmers in the intelligence agencies to create their next monetary control structure for controlling the sheeple. Then they patiently sold the scam to the gullible public using the best understated techniques. For example, they invented the bogus story of the mysterious Satoshi Nakamoto who supposedly wrote the computer code for Bitcoin. It's complete propaganda, just like claiming Bitcoin can't be controlled, or monitored, or gamed. It's computer code, folks, instructions to a machine, which absolutely can be controlled, monitored, and gamed! Didn't the Internet start out the same way? Isn't the Internet being controlled, monitored, and gamed more and more as we incorporate it into our lives?

The real future of humanity lies in removing money and other sociopathic control structures from our society. Money ruins everything. The pursuit of selfish profit ruins everything. Competition at the expense of cooperation ruins everything. Sociopaths ruin everything. Bitcoin is just the next evolutionary step in ruining everything for humanity.

In case anyone has forgotten, think back on how much harm the pursuit of gold as money has done to humanity. A history racked by thieving, plunder, murder, war, and genocide has been the result. Remember how the Conquistadors (literally "conquerors") decimated the natives of the so-called "New World" to steal their gold. And all the while, the ruling European sociopaths grew richer and more powerful, with greater control over the wretched masses, who grew ever more wretched. Bitcoin is the new gold, only better, because it is imaginary. It doesn't really exist. It's just computer code. It's an even more insidious form of mind control than gold was before it.

Is that the future we really want? More of the same thieving, plunder, murder, war, and genocide? Is that our destiny? Is that the best we can do?

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Sat Feb 18, 2017 6:59 pm
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What's the current total number of bitcoins in existence?

Current count. Also see Total bitcoins in circulation chart

The number of blocks times the coin value of a block is the number of coins in existence. The coin value of a block is 50 BTC for each of the first 210,000 blocks, 25 BTC for the next 210,000 blocks, then 12.5 BTC, 6.25 BTC and so on. -- source

Note that the first link is broken! Even if it wasn't, you wouldn't really know how many Bitcoins there are. You accept the word of some "authority" without any proof whatsoever. It's like a religion! Supposedly, anyone can count the number of angels that fit on the head of a pin, or calculate the number of Bitcoins in existence as "the number of blocks times the coin value of a block". How strong is your faith in those statements? I strongly suspect that there are ways to make it look like there are X number of Bitcoins by going through the calculations when there are in fact far more Bitcoins than the calculations would indicate. It's called "cooking the books", and it's a well established art. After all, Bitcoins are created out of thin air by the master program, and that master program is coded by unknown controllers (originally identified as one Satoshi Nakamoto, another ridiculous "lone gunman" deception).

Quote:
A blockchain (aka ledger) is a data structure (think of it as a file in your computer) that stores a history of all the transactions (actually groupings of transactions, called blocks, i.e. forming a chain of blocks) that took place in the network. Currently, it is around 65 GBs big and it is getting bigger with time as new blocks (of transactions) are added. Each node has a copy of the blockchain which is the same in all nodes via a consensus process enforced by computer algorithms.

Thus, in bitcoin, there is one common blockchain with copies in each node. -- source

And all the copies can be different (because of transactions local to a given node), and some programmed method of merging the differences into the master blockchain must be executed, and that program code must be logically sound, handle all exceptions, be transparent, be verifiable, be bug-free, and be impervious to hacks and other dishonest manipulations. Yeah, like that is going to happen with computer code...

People are absolute idiots to trust this faith-based monetary system of digital fiat currency when our current faith-based monetary system of paper fiat currency has taken us to the cleaners by robbing us blind over the last 100 years!

But computers, like gods, move in mysterious ways. Ordinary people cannot understand the ways of these computers, so they must trust the high priests to interpret things for them.

Jesus, people! Are we going to fall for that again?

Yep.

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Thu Mar 16, 2017 7:48 am
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So why just point out bitcoin as being "screwed" in a SHTF situation?

The reason is because these people have a subconscious hatred for bitcoin because a) Gold has not performed as well as bitcoin and b) because they missed out on the massive gains to date. -- source

:face:

Bitcoin is electronic and digital. It requires computers. When computers don't function or communicate properly, Bitcoin becomes exactly what it started out as -- much ado about nothing. That is not the case for gold and silver coin, or ammunition, or skills, or common sense, or empathy, or truth.

Jeff Berwick gets it right sometimes, but sometimes he strikes out, just like Jon Rappoport. I bet I do too. We should remember that we all make mistakes, we can all be fooled, we are all being brainwashed, we should question everything, and we shouldn't dismiss anything.

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Thu Mar 16, 2017 8:21 am
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