Cryptos: The Ultimate Fiat
12-08-17
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Bitcoin
Has A "Whale" Problem: 1,000 Investors Control Nearly Half
The Market
Who Are The "Whales"?? - (That's the KEY question
to Bitcoin's "popularity", and if, or more likely when,
the plug will be pulled - mpg) - Related Article -- A
quote...."Perhaps the most blatant hypocrisy perpetrated by
bitcoin evangelists is their insistence that bitcoin and
other digital currencies represent a return to a truly
democratic financial system beyond the control of banks and
other special interests, where players small and large can
earn enormous profits simply by HODLing."
Let's make this clear. Crypto
"currencies" have one big problem. ANYBODY
can issue them, for any reason, in any number of tokens
they choose to create, anywhere they want to, anytime they
wish to.
Each type of token can of course be limited to a
particular quantity by their inherent algorithm. -- Even
more stringently than the current favorite de jure
Bitcoin, which can be "split". They can also be
created with a greater ease of transaction, and even
better security than Bitcoin currently has.
But in a few years, there could be BILLIONS of various
types of these tokens.
How is that not creating even more fiat than the current
Bankster fiat regimes? How is that a limited supply??? How
could the supply ever be limited?? -- It can't -- As the
proponents of Bitcoin constantly stress, cryptos are not
under anybody's control.
The ONLY reason Bitcoin is at the price it is,
versus the thousands of other cryptos, and the millions
soon to follow, is because it's "popular".
Popularity, like any fad, can disappear overnight. -
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Cryptomania!
A quote...."There is a lot of attention currently being paid
to cryptocurrencies. On the one hand there are those who
claim that their rise in value is actually a symptom that
conventional, fiat currencies are crashing. This begs the
question as to why precious metals aren’t skyrocketing, and
the usual answer is that their prices are being manipulated
using the futures market that keeps “paper” gold cheap while
“physical” gold is growing scarce...." - One
ZeroHedge commentator on another Bitcoin article
stated.....
"The NSA has the capability, the motive, and the
operational capacity – they have teams of cryptographers,
the biggest fastest supercomputers in the world, and they
see the need. Whether instructed by their friends at
the Fed, in cooperation with their owners (i.e. Illuminati
banking families), or as part of a DARPA project – is not
clear and will never be known (unless a whistleblower
comes forward).
In fact, the NSA employs some of the best mathematicians
and cryptographers in the world. Few know about
their work because it’s a secret, and this isn’t the kind
of job you leave to start your own cryptography company.
-- But the real smoking Gun, aside from the huge amount of
circumstantial evidence and lack of a credible
alternative, is the 1996 paper authored by NSA “How To Make A
Mint The Cryptography of Anonymous Electronic Cash”
available here
The NSA was one of the first organizations to describe a
Bitcoin-like system. About twelve years before Satoshi Nakamotopublished his
legendary white paper to the Metzdowd.com cryptography
mailing list, a group of NSA information security
researchers published a paper entitled How to Make a Mint:
the Cryptography of Anonymous Electronic Cash in two
prominent places, the first being an MIT mailing list and the
second being much more prominent, The American Law Review
(Vol. 46, Issue 4 ) --EXPOSED:
The real creator of Bitcoin is likely the NSA as One World
Currency-- Exposed: The real creator of Bitcoin is
likely the NSA as One World Currency" -- *jimmy
c korn*
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