The colossal Bitcoin (and crypto currencies generally) scam
The bankers are 50 years ahead of the masses, they realized that people are discovering them, now many people have understood what the public debt is , what the piloted devaluation is, what the creation of money from nowhere called seniorage is, the biggest scam of all time.
The bankers know that the days are numbered, before the people turned against them, also because the system of seniorage, - to feed himself is forced to print more and more money, which is now becoming waste paper, or if the diamonds were pebbles, diamonds are not worth anything. it is the rarity that makes them expensive.
What to do?
Aha ... Here is the solution Bitcoin virtual currency, free and without devaluation.
This way:
One person (maybe a group of bankers is more plausible) can decide through a computer around the world what to do with the money in circulation, as long as he has access to the Bitcoin program and I believe that this possibility exists.
He can thus, increase or decrease the Bitcoins in circulation (diamonds) with a finger.
It will be able to control all those who use them, while they using them, in real time.
Forcing everyone to have an electronic device and to use it, an apparatus that also controls what you buy, what you cover, where you are, what you do, what toilet paper you use when going to the bathroom.
Since there is no paper money => no one has the stocks, no one to complain to for anything, if the money disappears from a userΒ΄s computer "it's the fault of a virus or a thief", certainly not the bank that does not exist.
In case of great speculation, the defrauded client cannot kick the director or even the bank, nor his government, because now, with the Bitcoins outthere there will be no more banks or directors, neither borders, nor governments.
Thanks to this clever idea, bankers will no longer have to pay for institutions, staff, trade unions, they will no longer have to bribe politicians.
In this way they have achieved total control of the individual, the new world order starts from the world of currencies.
What do the ordinary people, holders of Bitcoin or other electronic currencies think?
They are enthusiastic, they think that there are no more banks, that there are no more costs, that there is no longer seniorage and interests, they think that the freedom of transaction between two or more individuals has finally been reached.
It is true as exact opposite, we are in total control of the individual, where no one can even exchange cash to buy tomatoes, because even those will be controlled by computers, nobody there, a computer, a button and everything under control by artificial intelligence (AI).
But I wonder, how can you think that the current banking system that everything and everyone has, allows you to find competition from a Japanese dude who invents a virtual program without doing anything to him?
They killed hundreds of people like Kennedy or Aldo Moro, corrupt governments, set off wars to keep the power and you think they will surrender to a Japanese programmer and a virtual program called Bitcoin? ;) in chinese rusted hangars?
( re- read also: "π
±ππ
² π
·π
Έπππ
Ύππ & π
Όπ
Ύππ
΄" )
- Than you must be naive my friend.
It is as if the US military were afraid of the San Marino army, a bunch of 300 people; it is madness just to think that and idiocy to believe it.
Bitcoins can be produced by "mining" using powerful computers that do calculations, who ever can ban bankers from buying a million powerful computers and making themselves their own Bitcoins?
What difference is there between undermining Bitcoin or printing paper money or inserting Euros into a bank computer?
Or, since Bitcoins can be bought with Euros or Dollars, who forbids bankers like the ECB to produce billions of dollars from thin air, and buy all the 21 million Bitcoins that will have to circulate in the future?
They would simply make an electronic Euro exchange against electronic Bitcoins, it would not cost them anything, but it takes a lot of intelligence to understand this new scam?!
I started to see News Anchors and various broadcasts that speak well of Bitcoin, horror, this is enough to understand that they are always the same beast changing its skin, that change the face, change the economic structure from virtual seeds into virtual total currency.
Reveal spoiler
But this new "Bitcoin" will be the dust and bust for everyone, and it will not be the only one crypto-currency, not even the taste of seeing banknotes in your hard working hands will remain to you, only numbers in a cell phone and nobody can do anything because it's all virtual, evasive, ... smoke in the eye.
- I also think that soon the banks like the ECB or the FED will say:
"unfortunately we have to surrender the Euro and the Dollars are worth nothing more, sorry" now there are the Bitcoins, goodbye and thank you, we close!"
But maybe I'm wrong, I'm not an expert in economics, but I know how clever bankers thieves act since centuries.
P.S. little Recap:
"all that only means somebody is loosing money so you have a gain, like playing poker, so either there is a bunch of idiots you are stealing from, or somebody that has money in unlimited supply is losing them on purpose to get people to play the new game, and once is done and all are in, the old money will vanish, period."
remember:
"Nobody Wins The Money Game. ... I repeat ... No one won or wins the money game"
the next step : we take the coins into space
P.S.S.
This post has received gratitude of 1.00 % from @jout
Thanks @jout, very appreciated
You got a 0.35% upvote from @postpromoter courtesy of @jout!
this is nonsense. You really need to read bitcoin's whitepaper.
sure @pedrocas, will follow your advice and relate on it - Thanks
.... well here's my conclusion:
"once there is 21 million bitcoins there wonβt be any need for mining this coin"
I've not quite got my head around this one, AIUI it's the act of mining that encodes the blocks of transactions in the chain. I.e. the mining activity is essential to the operation of bitcoin trading.
So when the limit of 21 million bitcoins is reached, why is there any more incentive for anyone to perform the necessary transaction encoding?
My other issue is the size of the block chain itself. Today it's roughly 173Gb. I.e. the blockchain is a file / database that's a complete history of every bitcoin transaction ever.
Times by the current 11,380 bitcoin nodes out there (each of which I believe stores the whole bitcoin blockchain) and you get just about 2 petabytes of collective storage being consumed by just the bitcoin network! God only knows how much internet bandwidth that's consuming on a daily basis ?!
That's a data store that's only ever going to get bigger. And the Bitcoin will drop.