Bitcoin And 'The Elite' - Why Bitcoin Is Not Revolutionary

03-01-2021, 11:05 AM

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#1

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Bitcoin And 'The Elite' - Why Bitcoin Is Not Revolutionary

After research, Bitcoin has IMO been subverted by the government and bankers. They lead the anti-Big Block Bitcoin brigade. Big block Bitcoin would enable Bitcoin to scaled, and would enable DApps to be built and microtransactions to be build on-chain. No need for layer 2 smart contract or lightning network to solve the problem.

(If anyone doesn't know what I'm talking about, just check out BSV DApps. BSV DApps are built on-chain, and can handle microtransactions. Everything built on Ethereum can be built on Big Block Bitcoin, with less than 1 cent transaction fees - Ded Srs. Craig Wright is the worst thing to happen to BSV, unfortunately and is IMO the reason why it won't catch on - he pisses off and alienates developers with his lawsuits. Bitcoin ABC has a planned 1TB blocksize limit, enabling DApps to be built on it.

https://www.bitcoinabc.org/2018-08-2...in-abc-vision/

Bitcoin ABC is a fork of Bitcoin Cash. It's soon to be rebranded to it's awful name, Ecash... Truly awful.)

Gold does not challenge the traditional financial system, and so 'Digital Gold' doesn't challenge the system either.

Intro to the controversy.

These 2 videos break down specific names involved in keeping Bitcoin 1mb, so that Bitcoin can't scale. Lightening Network - 'the solution' - is centralized.

Roger Ver is a well known promoter of Cryptocurrency, Voluntaryist, and Entrepreneur.

24:20 - 31:30Why Block Size Matters

41:30 - 52:30Roger Ver's experience and observations inside the Bitcoin community of state actors being 'interested in' and infiltrating the community.

BANKS Hijacked Crypto - Hidden Puppeteers Exposed

'The Elite' are bringing out CBDC's Central Bank Digital Currency. Which is centralized blockchain digital currency. 'Digital Gold' will sit beside their CBDC just like Physical Gold sits beside fiat currency.

There are crypto projects that do challenge the establishment, but it ain't BTC or the Lightening Network.

Projects that emphasize; privacy, decentralized governance, decentralized mining and validation, microtransactions, DApps built on-chain, etc.

Cliffs:

Big Block Bitcoin enables DApps to be built directly on the Bitcoin blockchain. It also enables scalability, and low transactions fees (less than 1 cent).

(Proof of the above can be found if anyone has used the forks of Bitcoin... Bitcoin Cash - which has less than 1 cent transactions. The BSV ecosystem - which has DApps built directly on their blockchain, and has low cost transaction fees less than 1 cent.)

Low cost financial, data storage, and media services via low cost DApps threatens 'the system'.

There was a big campaign to keep Bitcoin's block size small. Involving open and exposed employees of the state.

The campaign was successful, and Bitcoin has a 1mb Block Size limit. Bitcoin can't scale without centralized solutions like the Lightening Network, and Dapps can't be built directly on the Bitcoin blockchain.

03-01-2021, 03:45 PM

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#2

zyzzliftswjesus
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Intredasting. I think preventing crypto from being subverted by big banks and government actors is important because clearly the financial system has a lot of issues and it would benefit everyone to remove those issues instead of just making billionaires richer. Nothing wrong with being rich, but at a certain point farming the plebs is just greedy and to the detriment of everyone else (as opposed to say those with an actual working product that makes money and provides value and gets you rich)

Newb question, what crypto/coins are actually ideal and things you would want to support/succeed if you were looking to create a truly decentralized unmanipulable economy free from large institutions that basically exploit them for profit? XMR?

03-15-2021, 04:41 PM

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#3

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in for later reading, thank you for your well researched and well informed threads bro

03-15-2021, 05:06 PM

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#4

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Bitcoin..????.... more like BeastCoin... Mark of the Beast incoming....

03-16-2021, 10:14 AM

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#5

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Originally Posted By zyzzliftswjesus⏩

Newb question, what crypto/coins are actually ideal and things you would want to support/succeed if you were looking to create a truly decentralized unmanipulable economy free from large institutions that basically exploit them for profit?

I don't think that's a newb question, I think that's one the most recurring and important questions in crypto IMO...

I don't think that any single crypto project can decentralize the financial system, so I support interoperability and multi-chain projects. Like the internet, I think a decentralized system will be compromised of interoperating networks. So projects like Polkadot, Kusama, Wanchain, Horizen, Thorchain, etc, IMO are really,reallyimportant.

There's a concept called blockchain trilemma; security, scalability, and decentralization. Blockchains vary where they rest within the triangle.

Cardano, Polkadot, Tezos, etc, all have their way of trying to solve the trilemma. In case you don't know, those projects are simultaneously a cryptocurrency and a smart contract platform that DApps can be built on.

There's a project which I think is head and shoulders above the rest when it comes to solving the trilemma,ifit delivers on it's promises because it hasn't launched yet. I'm not going to say which one it is currently, because I'm still trying to accumulate a hefty bag.

XMR?

XMR/Monero works using Ring Signature for privacy which is a decoy method, and can be cracked probabilistically.

https://www.finder.com.au/researcher...o-transactions

ZkSNARK tech is stronger and can't be tracked probabilistically, but few have default privacy. Even if something has Zksnark but has optional privacy, transactions can be cracked probabilistically. Zcash and PivX have zkSNARK but they also have optional privacy.

Pirate Chain and Firo are projects that have default privacy and are built on zkSNARK Pirate Chain already has default privacy and is flying under the radar, and last time I checked Firo is in mid-stage development).

https://firo.org/guide/privacy-techn...omparison.html

So, when it comes to a private cryptocurrency IMO Pirate Chain and Firo have the potential to be the strongest IMO, along with Zcash and PivX if they drop the optional privacy. Monero has first mover advantage as far as marketing goes, but it's not the strongest privacy tech - though it is a good option for decent level of privacy. (Haven/XHV also has ring signature tech, and takes Monero's tech to another level, letting people mint their own stablecoins with Monero level privacy.)

Another issue is the ecosystem. Just having the cryptocurrency IMO will not change things economically, there needs to be an ecosystem built around it. As anyone knows financial system is more than just a currency, it's lending, borrowing, mortgages, CDs, shares, etc. Also it needs to give people benefits and convenience over the traditional system.

IMO the 2 best ecosystems that I've come across for a cryptocurrency are Bitcoin Cash, Smartcash and Pirate Chain.

Bitcoin Cash is the strongest out of the 3, due to network effect. There's a lot of tribalism when it comes to Bitcoin, and any time Bitcoin Cash is brought up Bitcoin Maximalists tend to talk bad about it. However, IMO it has a very, very impressive ecosystem. As things start rolling out in 2021, IMO many people will jump on the Bitcoin Cash train unless they are ideologically committed to only Bitcoin...

https://k.im/(Kim DotCom will be incorporating Bitcoin Cash as the primary method of payment for his new platform. He also has a big problem with government, after the US government literally robbed him.)

https://be.cash/- People won't need to use their smartphone to receive and send Bitcoin Cash.

https://anyhedge.com/- Gives people the ability to lock in the fiat value of their Bitcoin Cash.

03-16-2021, 10:16 AM

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#6

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Wtf is all this chit? Just tell me the next coin to hop on for a pump and dump dammit!

03-16-2021, 10:19 AM

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#7

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You know anything about hedera hashgraph?

03-16-2021, 10:22 AM

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#8

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Originally Posted By PenorBrahNoHomo⏩

You know anything about hedera hashgraph?

So people people keep advising to research into it. I still havent...

I know you're a switched on dude, what do you think of it?

03-16-2021, 10:24 AM

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#9

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Originally Posted By N0stradamus⏩

Bitcoin..????.... more like BeastCoin... Mark of the Beast incoming....

I'm ded phuckin srs when I say that I've seen evidence of a new project that will prove every single NWO conspiracy theorist right.

I'm not bullchitting, it's actually terrifying.

No point in announcing it now, because it's still in it's early stages. This project looks like it will take 5 years or so minimum to be launched, however if they actually pull it off... I swear to you, every single conspiracy theorist who has been talking about will have been proven right.

There's still time for decentralization to build up steam though. I thought CBDCs (central bank digital currencies) was all that's coming... Seems like I was wrong. When/if they render fiat Cash worthless and irredeemable, whoever hasn't embraced decentralized tech IMO will jump on the centralized and biometric based tech that is coming.

03-16-2021, 10:27 AM

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#10

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Originally Posted By overtrainbrah⏩

in for later reading, thank you for your well researched and well informed threads bro

Can't rep, but thanks for the appreciation.

03-16-2021, 10:29 AM

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#11

XcelerateNYC
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Originally Posted By PenorBrahNoHomo⏩

You know anything about hedera hashgraph?

In at 4 cents. To the moon boyos!

03-16-2021, 10:32 AM

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#12

yewotm8
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BTC is not private enough and has too high a transaction cost to replace anything. It was a proof of concept that people really liked and tried to make into something.

A new crypto will replace it, that will totally replace the world financial system. It will also allow people to be completely pseydonymous, at the very least, if they so choose. People just hate government and banks (with reason) to continue using fiat. The power of government to enforce the use of fiat will diminish rapidly in the next decades as it collapses from bureaucratic bloat, enforced affirmative action/other ideological constraint, and lack of willingness of normal people to listen to it.

We already have the mark of the beast. A decentralized currency, based on proof of stake rather than proof of work (so greedy miners don't get too much say over the longterm development of the coin) cannot be worse than fiat.

03-16-2021, 10:32 AM

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#13

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Originally Posted By BetaAsPhuck⏩

So people people keep advising to research into it. I still havent...

I know you're a switched on dude, what do you think of it?

I don't know much about crypto. I watched this documentary about it and bought some of their coin. Google joined their governing board so if it could be revolutionary I'm sure it will be subverted too, but it pushed the value up!

03-16-2021, 10:32 AM

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#14

messomi
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Originally Posted By BetaAsPhuck⏩

I'm ded phuckin srs when I say that I've seen evidence of a new project that will prove every single NWO conspiracy theorist right.

I'm not bullchitting, it's actually terrifying.

No point in announcing it now, because it's still in it's early stages. This project looks like it will take 5 years or so minimum to be launched, however if they actually pull it off... I swear to you, every single conspiracy theorist who has been talking about will have been proven right.

There's still time for decentralization to build up steam though. I thought CBDCs (central bank digital currencies) was all that's coming... Seems like I was wrong. When/if they render fiat Cash worthless and irredeemable, whoever hasn't embraced decentralized tech IMO will jump on the centralized and biometric based tech that is coming.

link? video?

03-16-2021, 10:34 AM

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#15

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Originally Posted By PenorBrahNoHomo⏩

You know anything about hedera hashgraph?

This one is actually a game changer in a sea of other projects claiming to be game changers with nothing to back it up.

03-16-2021, 10:34 AM

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#16

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I wish to have more options in the real malls to convert bitcoins to dollars, and the contrary.

03-16-2021, 10:49 AM

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#17

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Originally Posted By yewotm8⏩

BTC is not private enough and has too high a transaction cost to replace anything. It was a proof of concept that people really liked and tried to make into something.

A new crypto will replace it, that will totally replace the world financial system.

I don't believe any single crypto will do the job. I think it will be a mix. I think the days of 1 system/protocol/crypto ruling all others belongs to the age of when 1 government, etc ruled a land. Decentralization IMO also means not relying on 1 protocol. Not putting all our eggs in one basket.

We already have the mark of the beast.

I promise you, it can get a lot worse.

03-16-2021, 10:52 AM

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#18

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Originally Posted By messomi⏩

link? video?

I think that some Alt Media journalists will make videos about it soon enough, and they'll do a deep dive.

It seems to be known to blockchain devs, so it's not 'hidden' or 'secret' it's just not known to the public. Think of ID2020's biometric ID agenda, and then combine that with a cryptocurrency... Terrifying.

I don't want to give away links or vids, because then my identity on a video site might be given away. Honestly, this will likely spread like wildfire amongst the Alt media/conspiracy theory community this year.

03-16-2021, 10:54 AM

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#19

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Originally Posted By alvin15tq⏩

I wish to have more options in the real malls to convert bitcoins to dollars, and the contrary.

It's coming, there's a bunch that are being worked on.

I believe that what you are asking for is crucial for transitioning people to crypto. We need Apps (web and phone) that give people a hybrid system.

Swipe/SXP is one of the strongest projects out there, there are others but being honest (and selfish) I'm still accumulating those projects.

03-16-2021, 11:00 AM

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#20

messomi
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Originally Posted By BetaAsPhuck⏩

It's coming, there's a bunch that are being worked on.

I believe that what you are asking for is crucial for transitioning people to crypto. We need Apps (web and phone) that give people a hybrid system.

Swipe/SXP is one of the strongest projects out there, there are others but being honest (and selfish) I'm still accumulating those projects.

so what you are saying is that I was rite when I said that crypto and ****coin was a one way ticket to the beast system?

03-16-2021, 11:28 AM

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#21

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Originally Posted By messomi⏩

so what you are saying is that I was rite when I said that crypto and ****coin was a one way ticket to the beast system?

Not at all.

I've repeatedly said that there are different options regarding crypto, and it's a good idea to support decentralized options.

Digital currency is not new, the majority of money in existence is not M1. If you've used debit, credit cards or bank transfers (which I'm guessing you do), then arguably you've helped 'pave the way' for a fiat cryptocurrency - it's an extension of the currency system. To use modern fiat digital money you have to give state ID to get a bank account, in the future it will be a biometric ID... People already have been 'groomed' by the current system to accept the one in the future.

Fiat is fiat, whether blockchain or non-blockchain based. Decentralized crypto is non-fiat.

At some point they will likely make fiat Cash irredeemable then what will you propose people do, other than use decentralized digital currency?

03-16-2021, 11:40 AM

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#22

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So what's the real endgame mark of beast crypto stuff? Somehow getting human DNA mixed into the blockchain?

03-16-2021, 11:43 AM

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#23

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Originally Posted By Seamanbeast⏩

So what's the real endgame mark of beast crypto stuff? Somehow getting human DNA mixed into the blockchain?

Revelation 13:16-18 (KJV) And he causeth all, both small and great, rich and poor, free and bond, to receive a mark in their right hand, or in their foreheads:

And that no man might buy or sell, save he that had the mark, or the name of the beast, or the number of his name.

Here is wisdom. Let him that hath understanding count the number of the beast: for it is the number of a man; and his number is Six hundred threescore and six. (666)

Revelation 14:9-10 (KJV) And the third angel followed them, saying with a loud voice, If any man worship the beast and his image, and receive his mark in his forehead, or in his hand,

The same shall drink of the wine of the wrath of God, which is poured out without mixture into the cup of his indignation; and he shall be tormented with fire and brimstone in the presence of the holy angels, and in the presence of the Lamb:

And the smoke of their torment ascendeth up for ever and ever: and they have no rest day nor night, who worship the beast and his image, and whosoever receiveth the mark of his name.

____

Choose wisely misc.

03-16-2021, 01:08 PM

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#24

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There is a reason why the central banking system doesn't like cryptocurrency. Their fiat money will eventually turn to chit in the long run while crypto will give power back to the people. No more stupid fees and banks phukking us over. Go fist yourself rothschild family.

03-17-2021, 02:39 PM

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#25

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OP....I look forward to seeing your breakdown of HBAR when you investigate it. I have high hopes.

03-17-2021, 06:00 PM

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#26

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Originally Posted By PenorBrahNoHomo⏩

I don't know much about crypto. I watched this documentary about it and bought some of their coin. Google joined their governing board so if it could be revolutionary I'm sure it will be subverted too, but it pushed the value up!

Originally Posted By Vexidi⏩

This one is actually a game changer in a sea of other projects claiming to be game changers with nothing to back it up.

Originally Posted By XcelerateNYC⏩

OP....I look forward to seeing your breakdown of HBAR when you investigate it. I have high hopes.

This brah tries to be fair when it comes to asses crypto projects. He tries to talk about the concerning and the good parts.

There was a lot to be concerned about with his break down. It's honestly one of the few projects that I've seen him be scathing about...

The most concerning thing IMO: The HBAR council is made up of big corporate players, and they are able to vote to remove any smart contracts that they don't like.

His vids are my first point of call researching a project, if I can find he's done a vid on them. Not a good intro, tbh.

Cardano, Polkadot, Avalanche, etc, he points out concerns, but it's no where near as many as he points out with HBAR.

04-13-2021, 10:58 AM

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#27

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Bitcoin being favoured by 'the elite' confirmed.

Ex CIA director backs Bitcoin (not a good sign for freedom lovers, a lot of them have been fooled into thinking that Bitcoin is anti-establishment)...

"Bitcoin just received a strong vote of confidence from an unlikely source, a former acting director of the Central Intelligence Agency. In so doing, he put senior government officials who issue public warnings about bitcoin’s alleged use by criminals, such as Treasury Secretary Janet Yellen, on notice. "

https://www.forbes.com/sites/stevene...h=605c23319bb7

The 'elites' plan is to ensure that government ID is attached to crypto transactions, which is why they are aggressively pursuing KYC and AML policies for exchanges, and even wallet ownership and DEFI apps...

https://www.coindesk.com/coinbase-ce...o-wallet-rules

https://www.coindesk.com/fatfs-new-guidance

04-13-2021, 11:01 AM

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#28

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Originally Posted By BetaAsPhuck⏩

Bitcoin being favoured by 'the elite' confirmed.

Ex CIA director backs Bitcoin (not a good sign for freedom lovers, a lot of them have been fooled into thinking that Bitcoin is anti-establishment)...

"Bitcoin just received a strong vote of confidence from an unlikely source, a former acting director of the Central Intelligence Agency. In so doing, he put senior government officials who issue public warnings about bitcoin’s alleged use by criminals, such as Treasury Secretary Janet Yellen, on notice. "

https://www.forbes.com/sites/stevene...h=605c23319bb7

The 'elites' plan is to ensure that government ID is attached to crypto transactions, which is why they are aggressively pursuing KYC and AML policies for exchanges, and even wallet ownership and DEFI apps...

https://www.coindesk.com/coinbase-ce...o-wallet-rules

https://www.coindesk.com/fatfs-new-guidance

so am I right now?