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Bitcoin -- the Emperor's new clothes 
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Post Re: Bitcoin -- the Emperor's new clothes
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For years, one of the major original selling points of bitcoin was that it was “anonymous.” It always surprised me that so many people in the liberty movement bought into this scam.

Because every transaction exists on a public blockchain ledger, an enterprising organization – say like the NSA or IRS – could conceivably implement blockchain analysis tools to track down Bitcoin fund transfers around the globe.

In fact, so exposed is the blockchain to Big Brother monitoring and interference, that the Internal Revenue Service has now implemented blockchain analysis tools to help them track down individuals who are profiting off the crypto currency and not declaring these profits on their tax returns. -- source

Every "advantage" used to convince people to buy into Bitcoin was a lie, including that it's secure, anonymous, and "sticks it" to the bankers. If you want to be anonymous in your transactions, use gold or silver coins. No one is tracking physical exchanges of coins for goods. Using real cash in a private, one-on-one transaction is as anonymous as it gets.

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Tue Aug 29, 2017 3:13 am
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Post Re: Bitcoin -- the Emperor's new clothes
Clif High has found religion in Bitcoin and preaches it all over the Internet land! I used to think Clif High had a good mind in his skull, but not any more.



Crypto Conundrum with Clif High and Dani Katz


I'm only an hour and 30 minutes into the video, and still have an hour to go, but what I am hearing from Clif High is bordering on stupidity. Let me count the ways:

  • Clif High likes Bitcoin because it is decentralized. Wrong. There is a centralized ledger, the blockchain, where all transactions are recorded. So that's not really decentralized at all, any more than any other database. Just because there are multiple copies of the blockchain doesn't qualify it as decentralized. The controlling data itself is quite centralized -- it's in the blockchain. The worker bees (miners) that gather up the data may be somewhat decentralized, but the blockchain hive where all the honey is found is not.

  • Clif High likes Bitcoin because it is anonymous. Wrong. Were ledgers kept in the past of all private gold and silver coin transactions? Heck no, those transactions were typically unrecorded. If all of your transactions are recorded, even under an encrypted name, you are identifiable, even if the encryption is unbreakable (which it isn't).

  • Clif High likes Bitcoin because it is egalitarian. Wrong. Early users and Bitcoin founders hold large quantities of Bitcoin. There is nothing egalitarian with stacking the numbers in favor of pioneer developers. Why do you think hundreds of alternative crypto-currencies have popped up? It's because pioneer developers can potentially make out like bandits, because they are bandits! Plus the best miners get newly created Bitcoins at a decelerating rate for providing the supporting infrastructure of the blockchain. So early "miners" also make out like bandits, because they are bandits, exactly as pre-planned!

  • Clif High likes Bitcoin because "It's intended to free humans." (at 36:30). Wrong. That's just the con, the false advertising, the "fake news". Bitcoin is deliberately intended to continue the economic enslavement of the human race. A one world digital fiat currency is exactly what the money controllers want.

  • Clif High likes Bitcoin because "there's no dilution of crypto-currencies" (at 49:00). Wrong. As planned, the dilution starts out at maximum in the very early stages and diminishes with time. Most dilution is loaded at the front end. This is not to say there can be no dilution later in the game. Money is consensus-based, so if consensus can be reached (or manufactured), then dilution can occur. It can also occur clandestinely by "cooking the books". This is precisely how the gold-based dollar was undermined between 1913 and 1971. If you believe the false advertising that the blockchain is totally secure or that x number of Bitcoins currently exist and no more than y number of Bitcoins will ever be created, then you are a perfect mark for the Bitcoin scam!

But wait, there's more... Yes, it gets even nuttier around 1:25:00. Stay tuned as Clif High invites you into bizarro-world.

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Thu Nov 23, 2017 4:53 am
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Before we get into Clif High's bizarro-world, let's just verify that he's already talking nonsense with his claims that Bitcoin is decentralized, anonymous, egalitarian, and liberating. He's just parroting the "fake news" that Bitcoin promoters repeat like religious dogma. It's best to examine the other side of the coin coming from the solitary voices that point out, with oh so much embarrassing truth, that the emperor has no clothes:




1% OWN 99% of ALL BitCOiN

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Fri Nov 24, 2017 1:14 am
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Anonymous my ass!

Brandon Smith wrote:
For years, one of the major original selling points of bitcoin was that it was “anonymous.” It always surprised me that so many people in the liberty movement bought into this scam.

Surely after the revelations exposed by Edward Snowden and organizations like Wikileaks, it is utterly foolish to believe that anything in the digital world is truly “anonymous.”

The feds have been proving there is no anonymity, even in bitcoin, for some time, as multiple arrests using bitcoin tracking have indeed occurred when the FBI decided it was in their interest. Meaning, when the feds want to track bitcoin transactions, they can, and it does not matter how well the people involved covered their actions. -- source

Don't think the feds can track you down? Here's a Bitcoin trader who is going to the penitentiary for four years for having done nothing wrong except buy and sell Bitcoin:




Crypto trader heads to Fed Prison - Randall Lord interview

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Fri Nov 24, 2017 6:18 am
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Post Re: Bitcoin -- the Emperor's new clothes
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So the monetary policy of bitcoin is immutable, it isn’t going to change, and since the supply is strictly limited and the network is distributed and nobody can control it, we might just have the digital equivalent of gold. -- source

The author felt this statement was so important, he both italicized and emboldened it!

Or is it just a mind control technique to get us to accept an inaccurate statement?

Let's examine the logic, which is in the form of "If A and B and C, then D."

A = Bitcoin is never going to change.
B = The Bitcoin supply is strictly limited.
C = No one can control Bitcoin.
D = Bitcoin is the digital equivalent of gold.

First of all, D is not the logical conclusion of A and B and C. An analogy is being implied that says "Bitcoin" can be replaced by "gold" in A, B, and C, and those three statements will still be true. Only they will not be. Even worse, all three statements are not really true to begin with when describing Bitcoin. The truth has been twisted for each one. It is the same for gold:

A. Gold has changed. It is often alloyed with other metals for practicality. We have reports (often suppressed or dismissed) of counterfeit gold bars currently sitting in protected vaults that are mostly gold-clad tungsten.

B. The gold supply is not strictly limited. The discovery of the New World in 1492 resulted in a surge of gold into Europe. Currently, the mining of gold is controlled by the price of gold, and the price of gold is currently controlled by the money masters who manipulate the "paper" gold markets. Besides these contemporary means of manipulation, it is even possible that gold can be manufactured cheaply via nuclear cold fusion techniques that are kept secret from the public.

C. Gold is thus tightly controlled. Wherever there is power to be gained, a means of control will be exercised by interested sociopaths.

So, doesn't that make Bitcoin the digital equivalent of gold, since the truth is being twisted in both cases?

:face:

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Sat Nov 25, 2017 4:24 am
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Post Re: Bitcoin -- the Emperor's new clothes
Back to the Bitcoin sales pitch from Clif High, which is so deceptive.

Quote:
"Cryptos are actually life-enhancing because they are against the New World Order. They're against depopulation. They allow us to keep the system going in spite of the fact there's no intrinsic worth in them in your view." -- source at 1:25:36

Right, like con games are life-enhancing. Cryptos are the NWO plan. The ruling sociopaths have long wanted a centralized, fiat, one-world digital currency that only they can manipulate. How is Bitcoin not that very model, or its precursor? And how are cryptos against depopulation? Are they like some kind of fertility drug? Do they enhance the human libido? Do they protect against war, pestilence, and ruling sociopaths? Hell no! They do keep the corrupt system going while having no intrinsic worth, which is precisely why the ruling sociopaths love cryptos, so much so that they have to pretend to hate them to keep us all fooled.


Quote:
"The good part about Bitcoin is they can't make my Bitcoin go away." -- source at 1:25:58

Are you kidding me?! The rulers of the entire world, who clandestinely created Bitcoin via black ops, can't make it go away... It's a digital currency that relies on digital computers. If the ruling sociopaths take the Internet down, or otherwise filter out undesirable digital traffic through censorship or some other means of control (maybe even a computer virus similar to Stuxnet), Bitcoin loses all its value! It literally becomes useless overnight. The money masters giveth, and the money masters taketh away. It's what they do, for Pete's sake! Clif High evidently is having his own "emotional response" towards Bitcoin to spout this kind of nonsense. Too bad he has totally lost any objectivity he might once have projected.

But wait, there's more Clif High bizarro-world to come...

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Sun Nov 26, 2017 3:08 am
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Post Re: Bitcoin -- the Emperor's new clothes
Clif High gets higher than a kite selling the Bitcoin snake oil! Here is what he says:

Quote:
"It's an attention marketplace." -- source at 1:27:52

Clif High's explanation that follows of an attention marketplace is no different than the evolutionary path that religions took to become accepted by their believers. It literally comes down to faith, meaning believing in something despite evidence to the contrary. Bitcoin is the same type of "religion". Clif High has found religion and a personal / public savior in Bitcoin.


Quote:
"We're at the point of moving into a life-affirming world. And yes, there are aspects of it that feel dehumanizing, but they're far less dehumanizing, in my opinion, than the stuff we have dealt with for the last 30 or 40 years, and the direction that these bastards were trying to take us into. And they are collapsing, and their ability to take us forward any longer -- the cabal, the elite, etc. -- is dying off. They don't have the oompf anymore because it's all flattened out. -- source at 1:28:18

If the elite cabal are behind the creation of Bitcoin, which evidence suggests, then this is all part of their plan to further enslave us economically. They are not dying off, they are just fooling us in new and better ways.

Here's the key: Win-win exchanges are life-affirming, not money. While money can support win-win exchanges, which are life-affirming, it can also support win-lose exchanges, which are not life-affirming. A new form of money is not the solution. It is just a continuation of the problem, which is the proliferation of the win-lose exchange. The win-lose exchange is the way the ruling sociopaths gain and maintain power and control. We need a system that will support win-win exchanges and eliminate win-lose exchanges. Money in the form of crypto-currencies is not the answer. In fact, money, in any of its forms, just makes things worse.

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Mon Nov 27, 2017 4:19 am
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Here is Clif High trumpeting the open-source nature of Bitcoin software with his usual short-sightedness:

Quote:
"Therefore, anyone that wanted to disrupt the system is given the ability to do so with no barrier to entry. And it's totally egalitarian." -- source at 1:29:14

:face:

That's not disrupting the system, it's continuing the system! Yes, it's totally egalitarian to continue the money system that enables the win-lose exchanges that benefit the ruling sociopaths!

It's too late to change Bitcoin, even if it is now advertised as open-source. Bitcoin was initially released totally complete from a closed source. It was not an idea derived from the public, nor was its code written by public collaboration. The open-source moniker is a carefully planned deception. It simply allowed the public to easily copy Bitcoin, resulting in hundreds of variations of the same scam. At last count, there were over 1100 of them!

Quote:
"There's a lot of scams out there, right? They're Ponzi schemes, they're trying to take advantage of you and hook you on the greed and that sort of thing, so you have to be an adult about this and use a rational mind and analyze it." -- source at 2:21:15

And your analysis has to be accurate and truthful, otherwise it's defective. That pretty much sums up Clif High's analysis -- it's not accurate and truthful, even though it may appear to be to those who have less understanding than Clif High pretends he has.

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Mon Nov 27, 2017 6:16 pm
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Post Re: Bitcoin -- the Emperor's new clothes
Bitcoin value in dollars -- exponential growth.


Image


The "market" value of Bitcoin has doubled in a very short period of time recently, rising from $5000 to $10,000. Proponents of Bitcoin will point to this trend as proof of Bitcoin's value, but that is faulty reasoning. Another highly lucrative racket is war, but there is nothing "life-affirming" about war. The monetary profits of war for a few can be outrageous, just as the monetary profits of Bitcoin "investment" can be, again for a few. But the end result for the many is destruction.

The selling of Bitcoin is like the selling of war. It's all about fear, patriotic fervor, and mind control via deception and manipulation. No matter how high the perceived value of Bitcoin rises, when viewed from the broadest perspective, it is a win-lose exchange. Like any con-game, it seems too good to be true, but the "facts" convince you and you take the plunge, unaware of the fleecing you will experience in the end.

The few win, the many lose. Bitcoin is a scam that profits the few at the expense of the many. Is it any wonder why the ruling sociopaths love this kind of game?

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Tue Nov 28, 2017 6:31 pm
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Post Re: Bitcoin -- the Emperor's new clothes
Bitcoin continues its exponential growth, while Jeff Berwick of The Dollar Vigilante continues to hawk Bitcoin with twisted truths and outright lies.

Quote:
The Continental currency was created by central banks, forced upon people by government violence and financed war and eventually went to zero as all fiat currencies do.

Bitcoin has no central bank, isn’t forced upon people via violence and due to its non-inflationary nature, cannot be used to finance war. Because of all these benefits, not only will it not go to zero… but many are wondering if it will eventually be worth more than $1 million dollars in today’s dollars. -- source

Continental currency was not created by central banks, but issued by the U.S. Congress. It was not "forced upon people by government violence". It did finance defensive measures the colonies took to defend themselves against England during the Revolutionary War, but the currency was not the cause or critical enabler of that war. Berwick is deceptively implying that Bitcoin cannot be used to finance war, when currencies almost always do exactly that.

Jeff Berwick then claims all fiat currencies eventually go to zero, but follows this up by saying Bitcoin will not go to zero, even though Bitcoin is indeed a fiat currency.

Quote:
We’ve been right on cryptos since the beginning and made, so far, 460,000% gains on bitcoin since recommending it at $3 in 2011. -- source

It's clear that Jeff Berwick associates being "right" not with being truthful, but with making a profit. His analysis of Bitcoin is exceptionally biased, maybe even 460,000% more biased than mine. My bias is towards the truth, not profit.

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Sun Dec 10, 2017 10:14 pm
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