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Thread: This Time Is Different - Part II: What Bitcoin Really Is

  1. #11
    Great Value Carrots
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    Re: This Time Is Different - Part II: What Bitcoin Really Is

    Quote Originally Posted by Ares View Post
    Is Software a noun or a verb?
    How about vaporware? Is that software?

    Quote Originally Posted by Ares View Post
    Is Ziero0 a sockpuppet for Palini?
    I had a panini sandwich once. This is a cubano with grill marks. Does that make me a panini?

  2. #12
    Unobtanium Serpo's Avatar
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    Re: This Time Is Different - Part II: What Bitcoin Really Is

    Quote Originally Posted by ziero0 View Post
    Ification is the process of being. It involves the conversion of a verb to a noun. Is bitcoin a verb or noun?



    If you said noun the is bitcoin a people? A place? Or a thing?

    What?



    The Cabal...........“Humpty Dumpty sat on the wall. Humpty Dumpty had a great fall. All the King’s horses and all the King’s men couldn’t put Humpty back together again”.

  3. #13
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    Re: This Time Is Different - Part II: What Bitcoin Really Is

    Quote Originally Posted by Serpo View Post
    What?
    Reification is the process of being again. Ever hear of born again Christian? Ification is the original process of becoming a noun. Perhaps the process involves baptism in Christian society.

    Reification is where a manufacturers certificate of origin gets converted to a certificate of title. This is used for cars, boats, motorcycles, airplanes and birth certificates.

    In a communist society an owner has no being. In a socialist society the owner is the society and anyone who has being in that society has a use but not a usufruct.

    Perhaps a bitcoin is a measure of the use you are permitted in said socialist society.

    If the FRN is incapable of transferring ownership I really doubt if bitcoin works in this capacity either.

  4. #14
    Bitcoin Miner Ares's Avatar
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    Re: This Time Is Different - Part II: What Bitcoin Really Is

    Quote Originally Posted by Serpo View Post
    I guess if the power stays on everything is fine,if not then bitcoin dosnt exist at all.
    Not really a valid argument, since society as a whole is 100% dependent upon the power staying on. If power goes out on a large scale you'll have a societal collapse, either regionally or nationally.

    I dont care if the power goes off with gold/silver because they will still exist.

    Intrinsic value.
    That's not intrinsic value, that is a durable value. Look at regions of the world where the power is out (Puerto Rico after Hurrican Maria). They did not use Silver and Gold to commerce they bartered. In any national disaster which is a regional collapse scenario, Silver and Gold have not (from what I've been able to find) ever been used. It always resulted to bartering, food, water, drugs, alcohol etc.

    If you love bitcoin then that person will be biest and have arguments for bitcoin.
    I have holdings of other cryptos and not just Bitcoin. My lowest valued holding is worth all of 0.12 at the moment. My arguments are biased for a decentralized medium of exchange. Taking the power away from government to control peoples medium of Exchange should be our generations defining moment. I doubt it will happen, but that doesn't mean it shouldn't be tried.


    You should also know that there are better cyptos now then bitcoin but still bitcoin gets all the glamor. This is suspicious to me.
    I do know, I had a BTC transaction stuck for almost a month because the wallet I used (older wallet) didn't calculate the fee correctly, so I reached out a mining pool and donated the correct fee to them and they included my transaction in the next block.

    i expect arguments from bitcoiners because they have to have an argument to support it, especially when it is worth so much, this is human nature.
    I'm for whatever allows for the free-est way for human beings to engage in commerce without force or coercion. At the moment that's crypto currencies.
    Last edited by Ares; 14th December 2017 at 02:17 PM.
    "Paper is poverty, it is only the ghost of money, and not money itself." --Thomas Jefferson to Edward Carrington, 1788
    "The greatest threat to the state is when the people figure out they can exist without them." - Twisted Titan
    "Some Libertarians are born, the government makes the rest."
    "Voting is nothing more than a slaves suggestion box, voting on a new master every few years does not make you free."

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    Unobtanium Serpo's Avatar
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    Re: This Time Is Different - Part II: What Bitcoin Really Is

    Evidence points to Bitcoin being an NSA-engineered psyop to roll out one-world digital currency

    Sunday, December 10, 2017 by: Mike Adams
    Tags: bitcoin, cryptocurency, cryptography, NSA, one-world currency, Trojan Horse









    [COLOR=#FF3300 !important]57KVIEWS
    [/COLOR]
    https://www.naturalnews.com/wp-conte...e-Spy-Data.jpg

    (Natural News) I’m going to assume the readers who make it to this article are well informed enough that I don’t have to go into the history of the global money changers and their desire for a one world currency. (If you don’t yet understand the goal of the globalist banking empire and the coming engineered collapse of the fiat currency system, you’re already about 5,000 posts behind the curve.)
    With that as a starting point, it’s now becoming increasingly evident that Bitcoin may be a creation of the NSA and was rolled out as a “normalization” experiment to get the public familiar with digital currency. Once this is established, the world’s fiat currencies will be obliterated in an engineered debt collapse (see below for the sequence of events), then replaced with a government approved cryptocurrency with tracking of all transactions and digital wallets by the world’s western governments.
    NSA mathematicians detailed “digital cash” two decades ago

    What evidence supports this notion? First, take a look at this document entitled, “How to make a mint: The cryptography of anonymous electronic cash.” This document, released in 1997 — yes, twenty years ago — detailed the overall structure and function of Bitcoin cryptocurrency.
    Who authored the document? Try not to be shocked when you learn it was authored by “mathematical cryptographers at the National Security Agency’s Office of Information Security Research and Technology.”
    The NSA, in other words, detailed key elements of Bitcoin long before Bitcoin ever came into existence. Much of the Bitcoin protocol is detailed in this document, including signature authentication techniques, eliminating cryptocoin counterfeits through transaction authentication and several features that support anonymity and untraceability of transactions. The document even outlines the heightened risk of money launderingthat’s easily accomplished with cryptocurrencies. It also describes “secure hashing” to be “both one-way and collision-free.”
    Although Bitcoin adds mining and a shared, peer-to-peer blockchain transaction authentication system to this structure, it’s clear that the NSA was researching cryptocurrencies long before everyday users had ever heard of the term. Note, too, that the name of the person credited with founding Bitcoin is Satoshi Nakamoto, who is reputed to have reserved one million Bitcoins for himself. Millions of posts and online threads discuss the possible identity of Satishi Nakamoto, and some posts even claim the NSA has identified Satoshi. However, another likely explanation is that Satoshi Nakamoto is the NSA, which means he is either working for the NSA is is a sock puppet character created by the NSA for the purpose of this whole grand experiment.
    The NSA also wrote the crypto hash used by Bitcoin to secure all transactions

    On top of the fact that the NSA authored a technical paper on cryptocurrency long before the arrival of Bitcoin, the agency is also the creator of the SHA-256 hash upon which every Bitcoin transaction in the world depends. As The Hacker News explains. “The integrity of Bitcoin depends on a hash function called SHA-256, which was designed by the NSA and published by the National Institute for Standards and Technology (NIST).” THN also adds:
    If you assume that the NSA did something to SHA-256, which no outside researcher has detected, what you get is the ability, with credible and detectable action, they would be able to forge transactions. The really scary thing is somebody finds a way to find collisions in SHA-256 really fast without brute-forcing it or using lots of hardware and then they take control of the network.” Cryptography researcher Matthew D. Green of Johns Hopkins University said.
    In other words, if the SHA-256 hash, which was created by the NSA, actually has a backdoor method for cracking the encryption, it would mean the NSA could steal everybody’s Bitcoins whenever it wants. (Call it “Zero Day.”) That same article, written by Mohit Kumar, mysteriously concludes, “Even today it’s too early to come to conclusions about Bitcoin. Possibly it was designed from day one as a tool to help maintain control of the money supplies of the world.”
    And with that statement, Kumar has indeed stumbled upon the bigger goal in all this: To seize control over the world money supply as the fiat currency system crumbles and is replaced with a one-world digital currency controlled by globalists.
    Think cryptography is bulletproof? Think again…

    Lest you think that the cryptography of cryptocurrency is secure and bulletproof, consider this article from The Hacker News: Researchers Crack 1024-bit RSA Encryption in GnuPG Crypto Library, which states, “The attack allows an attacker to extract the secret crypto key from a system by analyzing the pattern of memory utilization or the electromagnetic outputs of the device that are emitted during the decryption process.”
    Note, importantly, that this is a 1024-bit encryption system. The same technique is also said to be able to crack 2048-bit encryption. In fact, encryption layers are cracked on a daily basis by clever hackers. Some of those encryption layers are powering various cryptocurrencies right now. Unless you are an extremely high-level mathematician, there’s no way you can know for sure whether any crypto currency is truly non-hackable.
    In fact, every cryptocurrency becomes obsolete with the invention of large-scale quantum computing. Once China manages to build a working 256-bit quantum computer, it can effectively steal all the Bitcoins in the world (plus steal most national secrets and commit other global mayhem at will).

    Ten steps to crypto-tyranny: The “big plan” by the globalists (and how it involves Bitcoin)

    In summary, here’s one possible plan by the globalists to seize total control over the world’s money supply, savings, taxation and financial transactions while enslaving humanity. (And it all starts with Bitcoin.)
    1) Roll out the NSA-created Bitcoin to get the public excited about a digital currency.
    2) Quietly prepare a globalist-controlled cryptocurrency to take its place. (JP Morgan, anyone?)
    3) Initiate a massive, global-scale false flag operation that crashes the global debt markets and sends fiat currencies down in flames. (Hoax alien invasion, hoax North Korean EMP attack, mass distributed power grid terrorism network, etc.)
    4) Blame whatever convenient enemy is politically acceptable (North Korea, “the Russians,” Little Green Men or whatever it takes…).
    5) Allow the fiat currency debt pyramid to collapse and smolder until the sheeple get desperate (i.e. Venezuela-style desperation with people eating out of dumpsters).
    6) With great fanfare, announce a government-backed cryptocurrency replacement for all fiat currencies, and position world governments as the SAVIOR of humanity. Allow the desperate public to trade in their fiat currencies for official crypto currencies.
    7) Outlaw cash and criminalize gold and silver ownership by private citizens. All in the name of “security,” of course.
    8) Criminalize all non-official cryptocurrencies such as Bitcoin, crashing their value virtually overnight and funneling everyone into the one world government crypto, where the NSA controls the blockchain. This can easily be achieved by blaming the false flag event (see above) on some nation or group that is said to have been “funded by Bitcoin, the cryptocurrency used by terrorists.”
    9) Require embedded RFID or biometric identifiers for all transactions in order to “authenticate” the one-world digital crypto currency activities. Mark of the Beast becomes reality. No one is allowed to eat, travel or earn a wage without being marked.
    10) Once absolute control over the new one-world digital currency is achieved, weaponize the government-tracked blockchain to track all transactions, investments and commercial activities. Confiscate a portion of all crypto under the guise of “automated taxation.” In an emergency, the government can even announce negative interest rates where your holdings automatically decrease each day.
    With all this accomplished, globalists can now roll out absolute totalitarian control over every aspect of private lives by enforcing financial “blackouts” for those individuals who criticize the government. They can put in place automatic deductions for traffic violations, vehicle license plate taxes, internet taxes and a thousand other oppressive taxes invented by the bureaucracy. With automatic deductions run by the government, citizens have no means to halt the endless confiscation of their “money” by totalitarian bureaucrats and their deep state lackeys.
    How do you feel about your Bitcoin now?

    https://www.naturalnews.com/2017-12-...-currency.html



    The Cabal...........“Humpty Dumpty sat on the wall. Humpty Dumpty had a great fall. All the King’s horses and all the King’s men couldn’t put Humpty back together again”.

  7. #16
    Bitcoin Miner Ares's Avatar
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    Re: This Time Is Different - Part II: What Bitcoin Really Is

    This is why Mike Adams is an idiot when it comes to crypto currencies. The paper he touts as "proof" that the government invented crypto currencies fails to mention that their design is a CENTRALIZED model. From the paper Mike Adams linked too:

    http://gold-silver.us/forum/attachme...0&d=1513341942

    I love this comment from Mike Adams to prove just how stupid he really is:

    What evidence supports this notion? First, take a look at this document entitled, “How to make a mint: The cryptography of anonymous electronic cash.” This document, released in 1997 — yes, twenty years ago — detailed the overall structure and function of Bitcoin cryptocurrency.
    Bitcoin network:

    http://gold-silver.us/forum/attachme...1&d=1513342277

    Honestly does this even remotely look similar to how the above diagram shows their model working? Yet this idiot says it details the "structure and function of Bitcoin"? He should stay with what he knows, which is health and wellness. He doesn't have the understanding to delve into the crypto space.

    Try as he and Brandon Smith may, they cannot form any logical arguments on how a decentralized system is government controlled. They tried with the cryptography (SHA-256) AES-256 was also created by the government and is used extensively in securing data. Does the fact that the government invented the protocol (and open sourced it by the way) mean that it's insecure or that they control it? Nope.
    "Paper is poverty, it is only the ghost of money, and not money itself." --Thomas Jefferson to Edward Carrington, 1788
    "The greatest threat to the state is when the people figure out they can exist without them." - Twisted Titan
    "Some Libertarians are born, the government makes the rest."
    "Voting is nothing more than a slaves suggestion box, voting on a new master every few years does not make you free."

  8. #17
    Moderator madfranks's Avatar
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    Re: This Time Is Different - Part II: What Bitcoin Really Is

    Quote Originally Posted by Serpo View Post
    Why go through the struggle and hardship required to become an effective producer of tangible necessities when it is far easier to join a collectivist drive for socialism and a structure in which little to no work is required to obtain such necessities? Why not steal from a productive minority and spread it thinly enough to keep the unskilled majority fed? It is only within this kind of culture that virtual production, a virtual society and virtual "money" is seen as an ideal solution.
    The author is making a conclusion which is not warranted by the preceding statements. There is no natural link between socialism/collectivism and blockchain technology. And digital != virtual. Just because some people call them "virtual" currencies does not make them that, and their digital nature doesn't mean they're not real. This forum is digital, does that mean it's "virtual?"
    "Liberty is so creative, and the government is so stupid, that I’m very optimistic about the future"
    - Lew Rockwell

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    Great Value Carrots Norweger's Avatar
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    Re: This Time Is Different - Part II: What Bitcoin Really Is

    https://steemitimages.com/0x0/https:...12/chaart5.jpg

    Those effers are planning way ahead. I wonder if any anagrams can be made that makes any sense from the text as well.

    Can britain keep booming? anagram for something with bitcoin?

    Takeshita comes to town. Satoshi something?

  11. #19
    Moderator madfranks's Avatar
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    Re: This Time Is Different - Part II: What Bitcoin Really Is

    Quote Originally Posted by Serpo View Post
    1) Roll out the NSA-created Bitcoin to get the public excited about a digital currency.
    2) Quietly prepare a globalist-controlled cryptocurrency to take its place. (JP Morgan, anyone?)
    3) Initiate a massive, global-scale false flag operation that crashes the global debt markets and sends fiat currencies down in flames. (Hoax alien invasion, hoax North Korean EMP attack, mass distributed power grid terrorism network, etc.)
    4) Blame whatever convenient enemy is politically acceptable (North Korea, “the Russians,” Little Green Men or whatever it takes…).
    5) Allow the fiat currency debt pyramid to collapse and smolder until the sheeple get desperate (i.e. Venezuela-style desperation with people eating out of dumpsters).
    6) With great fanfare, announce a government-backed cryptocurrency replacement for all fiat currencies, and position world governments as the SAVIOR of humanity. Allow the desperate public to trade in their fiat currencies for official crypto currencies.
    7) Outlaw cash and criminalize gold and silver ownership by private citizens. All in the name of “security,” of course.
    8) Criminalize all non-official cryptocurrencies such as Bitcoin, crashing their value virtually overnight and funneling everyone into the one world government crypto, where the NSA controls the blockchain. This can easily be achieved by blaming the false flag event (see above) on some nation or group that is said to have been “funded by Bitcoin, the cryptocurrency used by terrorists.”
    9) Require embedded RFID or biometric identifiers for all transactions in order to “authenticate” the one-world digital crypto currency activities. Mark of the Beast becomes reality. No one is allowed to eat, travel or earn a wage without being marked.
    10) Once absolute control over the new one-world digital currency is achieved, weaponize the government-tracked blockchain to track all transactions, investments and commercial activities. Confiscate a portion of all crypto under the guise of “automated taxation.” In an emergency, the government can even announce negative interest rates where your holdings automatically decrease each day.
    With all this accomplished, globalists can now roll out absolute totalitarian control over every aspect of private lives by enforcing financial “blackouts” for those individuals who criticize the government. They can put in place automatic deductions for traffic violations, vehicle license plate taxes, internet taxes and a thousand other oppressive taxes invented by the bureaucracy. With automatic deductions run by the government, citizens have no means to halt the endless confiscation of their “money” by totalitarian bureaucrats and their deep state lackeys.
    How do you feel about your Bitcoin now?
    None of this is possible without a world government, which isn't going to happen. The global trend is decentralization, not centralization.
    "Liberty is so creative, and the government is so stupid, that I’m very optimistic about the future"
    - Lew Rockwell

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    Iridium Jewboo's Avatar
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    Re: This Time Is Different - Part II: What Bitcoin Really Is

    Quote Originally Posted by Serpo View Post

    With all this accomplished, globalists can now roll out absolute totalitarian control over every aspect of private lives by enforcing financial “blackouts” for those individuals who criticize the government. They can put in place automatic deductions for traffic violations, vehicle license plate taxes, internet taxes and a thousand other oppressive taxes invented by the bureaucracy. With automatic deductions run by the government, citizens have no means to halt the endless confiscation of their “money” by totalitarian bureaucrats and their deep state lackeys.
    How do you feel about your Bitcoin now?


    PayPal (and everything else known to man) has banned this site and me as an individual person from using their services, so right now all we have is cash and bitcoin.


    I'm the infamous Fred of GIM - Jewboo kindly turned over his account to me.

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