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What does Bitcoin look like under "the hood"
breighton ^ | 14 december, 2021 | Gabriels' Horn

Posted on 12/21/2021 7:53:02 AM PST by norsky

I am sharing this because I purchased a bit and a friend sent me a vid explaining what it really is. the domain spoken of in this vid re crypto currency is .io, apparently in on Diego Garcia and run by CIA

The REAL Creator of Bitcoin ,, Excellent vid below. – Philip J. Venables

This week we reported on “The Reveal” that was released by Ivy McLemore, a sophomoric website claiming that Bitcoin was started by a man named James Bilal Kahil Caan. We called a PROPAGANDA ALERT and informed our audience that this is just more CIA disinformation to cover-up their global Ponzi crypto scheme and hide the actual creators of Bitcoin.

Listen to our audios and see the info we found at this link below:

Satoshi Nakamoto Dossier Reveals CIA Ponzi Scheme

Chuan Tian. (Jul. 13, 2017). Goldman Sachs [Paul Walker and Phil Venables] Granted ‘SETLcoin’ Cryptocurrency Patent. CoinDesk. https://www.fbcoverup.com/docs/library/2017-07-13-Goldman-Sachs-(Paul-Walker-and-Phil-Venables)-Granted-%E2%80%98SETLcoin%E2%80%99-Cryptocurrency-Patent-by-Chuan-Tian-CoinDesk-Jul-13-2017.pdf

Venables was an international delegate to a Highlands Group forum in Singapore in 2009. https://www.fbcoverup.com/docs/library/2017-10-09-Highlands-Group-Highlands-Forum-accessed-Oct-09-2017.pdf

Inventors: Paul Walker, Phil J. Venables. (Issued Jul. 11, 2017). CRYPTOGRAPHIC CURRENCY FOR SECURITIES SETTLEMENT, Assignee: Goldman Sachs & Co. LLC; Appl. No. 14/528,289, filed Oct. 30, 2014; Examiners: John Hayes, Jason Fenstermacher; Attorney: William A. Munck et al, Munck, Wilson Mandala LLC; Venables OATH. USPTO.

https://www.fbcoverup.com/docs/library/2017-07-11-US-Pat-No-9704143-CRYPTOGRAPHIC-CURRENCY-FOR-SECURITIES-SETTLEMENT-Inventors-Paul-Walker-Phil-J-Venables-Goldman-Sachs-issued-Jul-11-2017-USPTO.pdf

Philip J. Venables was a Goldman Sachs advisor to Barack Obama in 2016 (while he was simultaneously applying for a Bitcoin/Cryptocoin PATENT at the USPTO The Real Satoshi Nakamoto is Philip J. Venables

The bogus confessions of operatives claiming to have created Bitcoin seem to be diversions to keep attention away from the real bitcoin creators and owners – Goldman Sachs and Philip J. Venables, a member of the Highlands Group (1995), and a member of Obama’s Commission on Enhancing Cybersecurity (2016).

https://fbcoverup.com/docs/cyberhijack/cyber-hijack-findings.html#highland-forum

Executive Order 13718. (Feb. 09, 2016). Commission on Enhancing National Cybersecurity. Barack Obama. The White House. Federal Register, Vol. 81, No. 29, Feb. 12, 2016. GPO.

https://fbcoverup.com/docs/cyberhijack/cyber-hijack-findings.html#obama-fascist-eo-13718-iot

The REAL Creator of Bitcoin

vid below.

What does Bitcoin look like under "the hood"


TOPICS: Computers/Internet; Miscellaneous; Society
KEYWORDS: adspam; banks; bitcoin; clueless; scam; vaxxadvicetoo
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1 posted on 12/21/2021 7:53:02 AM PST by norsky
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To: norsky
Bitcoin is easy to explain.

It's a unit of trade that devalues itself over time to the producer.

It's also a form of trade where your transaction is never guaranteed to be mined - without you throwing in "something sweet" to get it in a block.

It's slow - in terms of how many transactions it can handle in a second.

It's inflationary - (see devaluation above)

It's a way for people who know nothing about economics to play craps.

2 posted on 12/21/2021 7:58:35 AM PST by politicket
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To: norsky
a friend sent me a vid explaining what it really is ... run by CIA ...

You've got a great friend there!

I've been learning about this over the past year, and concur. I've said as much and a lot more in FR postings.

BTC is a Deep State Cabal faux-currency used for money laundering and trafficking (arms/drugs/humans). The fact that many good and honest people also use it is by design of the creators, to give it a palatable veneer as their cover.

I believe it's days are very numbered - months? weeks? maybe even days. It will come down, along with the Deep State that controls it. NESARA/QFS is sitting on the sidelines now for our recovery from the resulting financial shock.

3 posted on 12/21/2021 8:03:18 AM PST by C210N (Everything will be okay in the end. If it’s not okay, it’s not the end.)
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To: bitt; LucyT; WildHighlander57; Jane Long
What does Bitcoin look like under "the hood"

Satoshi Nakamoto Dossier Reveals CIA Ponzi Scheme

I am sharing this because I purchased a bit and a friend sent me a vid explaining what it really is. the domain spoken of in this vid re crypto currency is .io, apparently in on Diego Garcia and run by CIA

The REAL Creator of Bitcoin ,, Excellent vid below. – Philip J. Venables

This week we reported on “The Reveal” that was released by Ivy McLemore, a sophomoric website claiming that Bitcoin was started by a man named James Bilal Kahil Caan. We called a PROPAGANDA ALERT and informed our audience that this is just more CIA disinformation to cover-up their global Ponzi crypto scheme and hide the actual creators of Bitcoin.

Satoshi Nakamoto Dossier Reveals CIA Ponzi Scheme

Philip J. Venables was a Goldman Sachs advisor to Barack Obama in 2016 (while he was simultaneously applying for a Bitcoin/Cryptocoin PATENT at the USPTO The Real Satoshi Nakamoto is Philip J. Venables

The bogus confessions of operatives claiming to have created Bitcoin seem to be diversions to keep attention away from the real bitcoin creators and owners – Goldman Sachs and Philip J. Venables, a member of the Highlands Group (1995), and a member of Obama’s Commission on Enhancing Cybersecurity (2016).

Executive Order 13718. (Feb. 09, 2016). Commission on Enhancing National Cybersecurity. Barack Obama. The White House. Federal Register, Vol. 81, No. 29, Feb. 12, 2016. GPO.

The REAL Creator of Bitcoin

The REAL Creator of Bitcoin – Philip J. Venables

vid below.

What does Bitcoin look like under "the hood"

4 posted on 12/21/2021 8:05:15 AM PST by norsky ( <a href=></a> <img src=""></img>)
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To: C210N

“I believe it’s days are very numbered - months? weeks? maybe even days. It will come down, along with the Deep State that controls it. NESARA/QFS is sitting on the sidelines now for our recovery from the resulting financial shock. “


It will be over when the top tier elites sell out their positions. Then the next three tiers will sell and the the people on the bottom will be left holding the bags, the top tiers will be trading or buying hard assets like real estate, precious metals (gold silver etc) Commodities (oil natural gas water lumber) stocks, they would be able to do this on the backs of ignorant lower tier investors.

It only worked since the elite own the media that helped pumped this garbage to the everyday consumer. It also helped keep the prices of other investments down so they could load up.

It is basically criminal

But since out government is basically in on it, nothing will happen.


5 posted on 12/21/2021 8:26:24 AM PST by Trump.Deplorable
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To: norsky

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6 posted on 12/21/2021 8:29:40 AM PST by Pollard (PureBlood -- youtube.com/watch?v=VXm0fkDituE)
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To: Pollard

You missed an ‘0’


7 posted on 12/21/2021 8:31:12 AM PST by Mr. K (No consequence of repealing obamacare is worse than obamacare itself)
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To: Mr. K

> You missed an ‘0’ <

Good catch. I missed that at first.


8 posted on 12/21/2021 8:34:35 AM PST by Leaning Right (The steal is real.)
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To: Pollard

Good point - couldn’t agree with you more.


9 posted on 12/21/2021 8:40:42 AM PST by C210N (Everything will be okay in the end. If it’s not okay, it’s not the end.)
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To: norsky

So don’t buy it.

It’s pretty simple.


10 posted on 12/21/2021 8:41:40 AM PST by Vermont Lt
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To: politicket

Your assumptions are mostly wrong. How can a limited supply be inflationary?

Adding a transaction fee is something that’s been going on since the first interbank transaction was done.

If you’ve ever sent a wire to a foreign country, you know that Bitcoin is faster and cheaper than any alternative.

I am ok with people not “liking” cryptos…but come on…your statement is almost entirely false.


11 posted on 12/21/2021 8:44:44 AM PST by Vermont Lt
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To: norsky

Math ,LOL


12 posted on 12/21/2021 8:46:39 AM PST by butlerweave
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To: Vermont Lt
How can a limited supply be inflationary?

Easily. If you understand Bitcoin.

Inflation happens when a "monetary" source is devalued.

Bitcoin only adds to its "money supply" via the reward that a miner gets when a block is successfully mine. That labor is called a "Proof of work".

Every so often, the reward gets halved (which is how there will be an eventual cap on the "money supply".

When the reward gets halved then it takes twice as much labor (mining of a block) to achieve the same unit of return.

That's called devaluation - and it is inflationary.

13 posted on 12/21/2021 8:58:37 AM PST by politicket
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To: politicket

Actually, there is a 21 million unit limit. You would know this if you understood Bitcoin. 90% of that has been mined. Every couple years the “reward” for mining is halved. When the last mined Bitcoin is done, the miners will be paid through transaction fees.

So…not sure where you are getting your information…but you are skewing the crap out of it to make your point.


14 posted on 12/21/2021 9:24:15 AM PST by Vermont Lt
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To: politicket

The value of it to dollars inflates…if that is what you are talking about? But dollars are unlimited and backed by no fiscal policy and an ever weakened tax base.

So, if that’s what you meant…you are right.


15 posted on 12/21/2021 9:26:19 AM PST by Vermont Lt
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To: C210N; politicket

Thanks guys, I am glad there are people that are aware of this.


16 posted on 12/21/2021 9:31:28 AM PST by norsky ( <a href=></a> <img src=""></img>)
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To: Trump.Deplorable
It only worked since the elite own the media that helped pumped this garbage to the everyday consumer. It also helped keep the prices of other investments down so they could load up. It is basically criminal But since out government is basically in on it, nothing will happen.

Well, I was hoping it was real but I ,we have been fooled before. Puppets we are.

17 posted on 12/21/2021 9:36:13 AM PST by norsky ( <a href=></a> <img src=""></img>)
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To: Vermont Lt
The value of it to dollars inflates…

Or any other currency.

Bitcoin does not stand by itself. It is not a legal currency of any form.

It's sold for money, and bought with money - no different than most anything else.

You admit that it's inflationary against money - so you prove my point. Your Economics 101 lesson has been completed.

18 posted on 12/21/2021 10:03:27 AM PST by politicket
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To: politicket

Yes very succinct. It is a vehicle of speculation. Not saying one cannot make big money on it but way too volatile to be a replacement currency.


19 posted on 12/21/2021 10:59:21 AM PST by Sam Gamgee
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To: norsky

Those three in the video are about the most uneducated I have heard about BTC and crypto. They made claims that were not only incorrect, but the first I have ever heard of, and just silly.

Really? The CIA made crypto? On Diego Garcia?

And if the electricity goes out then there is no more bitcoin? It would have to be the whole world with no more electricity at all, ever, because if one node was left and there was electricity to re-power the internet the blockchain would be back up and running. There are thousands of miners in countries all over the world. Perhaps if there were an 1859 Carrington event sort of situation, that might be possible, but if I can think that then those billion dollar mining companies will have thought through the need and tech to essentially put a faraday cage around a copy of the block chain.

Security? A back door, making it possible to steal bitcoin off the blockchain? I HIGHLY doubt these digital geniuses understand the intricacies of 256 Hash rate algorithm. That is like national security level of cryptography, but then again if the CIA was the designer of bitcoin then they MUST be right... (Sarc)

That right there should have been to close the page, but it went on with other wild accusations that, well if they are right then the world is over anyway. What a waste of my time chasing idiots who clearly have no knowledge, but if it can help someone who would be misled from the truth then maybe it was worth it.

These three yahoos are ignorant of the subject entirely, and I don’t mean that as an insult, but fact.


20 posted on 12/21/2021 12:26:02 PM PST by Wildbill22 ( They have us surrounded again, the poor bastards- Gen Creighton William Abrams)
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