Posted on 03/22/2025 3:55:41 PM PDT by delta7
Mr. Armstrong, I just had to write in to say thank you for explaining that Bitcoin was just a trading asset, not some new currency that would replace the dollar. I understand that money must be elastic to grow with society in economic booms and population. I just read a quote reported by Bloomberg: “After four years of political purgatory, Bitcoin and the entire digital-asset ecosystem are on the brink of entering the financial mainstream.”
I know a programmer who said you were correct that the Deep State created blockchain. Has this recent rise been orchestrated to get us to surrender paper money and rejoice so they can track us all?
ANSWER: I participated in a documentary that will be released soon. There is no question that the blockchain code was developed in the intelligence community. We all know that in the programming world. In 1996, the US government released a white paper entitled “How to make a mint: the cryptography of anonymous electronic cash.” Released by the National Security Agency Office of Information Security Research and Technology, this document basically explains how a government agency could create something like Bitcoin or another cryptocurrency. (SEE BELOW).
Has Bitcoin been manipulated more to make people think digital currencies are better than paper? There is a strong probability of that. This is clearly a dream of tyrants. If I give you $100 bill they do not know where I got it from. If I pay you in Bitcoin, they can trace it to everyone who has ever handled it. This is a control system. This is the END OF MONEY! A new documentary film will be coming out soon on this topic.
Here is Lagarde on digital currency. She states this object is “control” everything you do. Europe is a Marxist Paradise. Everyone is an economic slave and whatever they earn belongs to the state – not them. The state will decide how much you are allowed to keep. I really do not understand these Bitcoin people if they deliberately try to convince us to surrender all liberty. With digital currency, they can block even a donation to a political opponent like Trump.
Even when creating the Euro, the commission took the entire back row of our conference held in London in 1997. I do not understand why it is so hard to comprehend what a currency is – but then again, some have trouble defining a woman. They were selling the Euro, which would defeat the dollar. That, too, never took place. They were preaching that everyone would pay the same interest rate as in the USA. I warned them that would only take place if they consolidated all the debts as Hamilton did following the American Revolution.
Kohl took Germany into the Euro as a dictator because if the German people were allowed to vote, he admitted he would have lost 7 to 3. We do not live in a democracy. That is sheer propaganda. They make the decisions, and when they know the people will not accept that, even like war, they do it anyway. We mean nothing at the end of the day.
They sold Bitcoin as it would be free of central banks, a store of wealth, and eliminate inflation, all absolute total BS that was impossible in the real world. I have warned that this has been a fantastic sales job, and pushing the price up creates the image that it is somehow worth more than paper money, so surrender everything and go digital.
People have been braindead when it comes to comprehending what money is and love to cling to stupid theories that will only lead to a major depression. They do not even understand that because the Fed was fearful of inflation during the Great Depression, to support the dollar, they failed to expand the money supply, fearing that the dollar would crash.
Over 200 cities issued their own money because there was such a shortage of cash that businesses could not function. It was impossible to pay employees, and people had no cash to spend. This was called depression script…..
……. Bitcoin is a trading vehicle as people buy into the propaganda. In the end, the truth always prevails.
Just do not expect it to become the reserve currency or stop inflation singlehandedly.
It’s a trading vehicle because people will buy because of the propaganda – just keep it real.
In 1996, the US government released a white paper entitled, “How to make a mint: the cryptography of anonymous electronic cash.” Released by the National Security Agency Office of Information Security Research and Technology, this document basically explains how a government agency could create something like Bitcoin or another cryptocurrency.
I encourage those interested to read the contents of the link above. This document was released during the dawn of the dot.com bubble before the technology existed to create such a currency. The NSA quickly realized that it could weaponize this technology to create a cashless society.
As explained in the introduction:…..
……. The US government released this document in 1996, 27 years ago. Bitcoin was allegedly anonymously created in 2009, and numerous other blockchain-based payment coins have followed. This, paired with the push for CBDC, where the government simply does not need to pretend payments are anonymous, should make one question the security and longevity of cryptocurrencies.
https://groups.csail.mit.edu/mac/classes/6.805/articles/money/nsamint/nsamint.htm
I was going to go to the range in my wife’s hometown a couple years ago. They wanted a scan of my DL.
I noped right out.
Does that mean that I checked my bank account online I really have no money in the account?
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If their computers go down, are hacked, or loss of electricity, the answer is yes. Just ask the people in NC and FL.
Bitcoin is good stored value but wont replace money. Still cant do transactions in a timely manner.
“If their computers go down, are hacked, or loss of electricity, the answer is yes. Just ask the people in NC and FL.”
If the computers go down the backups can take over or restore.
If the account is hacked they have ways to recover funds. In any case, the accounts are insured.
If the power goes out you still have the money but may be delayed in being able to retrieve it. Anyway, it is better than hiding it in your mother’s old house.
I’m in Florida. What do you want me to ask myself?
You can use Layer 2 protocols to do small transactions like retail in a timely fashion.
My grandfather had a Tulip farm. Too bad he sold the farm before tulip mania hit the market.
Bitcoin is good stored value
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With up to 40 percent swings in “ value”, I disagree. The primary qualification for “ money” is to be stable, not a roller coaster. Carry on.
“I was going to go to the range in my wife’s hometown a couple years ago. They wanted a scan of my DL.
I noped right out.”
Good for the range.
“My grandfather had a Tulip farm. Too bad he sold the farm before tulip mania hit the market.”
Good thing he sold it before the tulip BULB mania hit. He wouldn’t have been able to afford them.
People think AI is like the robot from Lost in Space ( the original ).
Whatever dude.
Wear your chains lightly.
Me, I prefer to avoid the surveillance state when I can.
(H,You are paranoid. Don’t take it out on me with your blather.
A PENNY for your thoughts.
“If I pay you in Bitcoin, they can trace it to everyone who has ever handled it.”
False, The block chain contains no personal information.
Please update Socrates.
A PENNY for your thoughts.
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Thank you, it is tangible, but please make it a copper penny, not our current copper plated zinc……the ones I dug up on the beach in Florida were decomposed beyond recognition….much like our USD’s.
“I do know it does not facilitate anonymous transactions, “
FALSE.
“A PENNY for your thoughts.”
You overpaid.
Thank you.
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