[DariusBane]

I cannot help but wonder if bit coins were under State sponsored attacks and thefts.

Is it possible that the biggest interest in destroying bit coins would be Nation States? If Bit Coins works, and eliminates State control of currency that would be an unparalleled form of freedom.

Just wondering.

[babble-on]

There were some rumors that Chinese nationals were using bitcoin, especially on the Mt.Gox exchange to get around capital controls and expatriate funds. Nothing but a rumor, but has a whiff of plausibility to it that speculation about the Fed does not.

[bert]

-——Just wondering——

or, by Occam’s Razor, it was an inside job. They chose a day when the Wallet was stuffed and robbed it. They ran off with a big payday and can now go do something else, rich

[Portcall24]

Excellent point. This approach has pushed the concept back ten years...something that legal action could never have done as effectively.

[PieterCasparzen]

Is it possible that the biggest interest in destroying bit coins would be Nation States? If Bit Coins works, and eliminates State control of currency that would be an unparalleled form of freedom.

Central banks "manage the money supply", not government departments like the US Treasury.

Central banks are a creation of the financial elites, who have business roots that go back to the old banking families.

In the US, this goes back to Rockefeller and Peabody/Morgan, which were financed by European banking families.

International banking needs to protect its monopoly on the the creation of money. International banking (in the US this was the "old money" families in New England/New York, with the Rockefeller/Morgan houses sitting atop it all) does not tolerate any challenge to their Federal Reserve central banking system, and (co-inkadently) they also always have placed operatives at the top of the US espionage operations. The old banking families were always the leaders in the espionage business, and their modern American "descendants" are aware of the need for this. Thus we see the Wall Street/CIA connections at the highest level. Of course, in the UK there is a parallel relationship between the leaders of UK finance and UK espionage. It comes in delightfully handy in cases like this, where this is without a doubt a "black" operation embarked upon to "safeguard the US dollar", as this is "key to national security".

The silliest thing about bitcoin was the people who created it thinking that financial elites would ever let it displace the major currencies of central banking.

Of course, if somehow it was technically infeasible to "attack" it in the way they did, they could always legislate it out of existence.

The best way to defeat central banking is, oddly enough, by accumlating their currency and not borrowing at all from them. As you gather cash, you'll get rid of your debt, and it's through debt that the financial elites actually enslave the "sheeple". Only borrow directly from other real people (appropriately) to acquire capital required to put to work in a business, do not borrow for consumer spending of any kind. If you borrow, borrow directly from a real person. Distribute excess cash to secure vaults instead of keeping it in bank accounts, or lend it directly to real business owners as an investment. Only use the banking system to conduct transactions, not as a place to park your money or borrow.

This is the only way "out" of the financial elites' capital markets and banking monopoly.

[Jmouse007]

Just look at/research what the "Big Three" American auto makers did to Mr. Tucker and his revolutionary 1948 "Tucker Torpedo" automobile and you have your answer.

The so-called "powers that be" do NOT like ANY competition which may threaten their power, monopolies or position over the masses.

[TurboZamboni]

Could be the IRS/NSA tag teaming .