I think the OP is talking about a potential 'honeypot' or 'trapdoor' where people trade their fiat for blockchain and then one day the value goes to zero
How or why that woudl happen? Well the stock market can plummet, and the value of the US dollar can plummet and THAT would make the value of blockchain drop to zero in tandem with the US dollar because blockchain is valuated in US dollars (world reserve currency) rather than, say the crustal ratio of precious metals or some other thing, such as a [world consensus average energy unit fungability value] (which doesn't yet exist, but MAY soon, as 'carbon credits')
The other way is that if the exchanges are all being controlled by a vicious elite, and that is how they collude / conspire / coordinate to set the value of bitcoin or other blockchains (because it / they certainly isn't / aren't based on supply / demand / scarcity)--then they could collude to one day set the value to zero; or use their fee-less, bulk, flash-trading AI transaction agents to conspire to make very weird, fast, and sometimes lossful trades to fool and/or coax the market into falling, which is something I believe they are already doing and have done in the past, as a 'crypto pump and dump strategy'...allowing crytpo exchange runners (aka 'the house') to win by fixing the outcome.
The stock market is rigged as we saw with $GME, crypto markets are more like gold, real estate or used car market, only digital so that nobody is stupid enough to buy "paper crypto" which is just fractional reserve crypto.
Now imagine if the big banking cartel where to manipulate the market of used cars, fist they would have to buy up a shitload of used cars, mostly at terrible prices. Then to dump the price they would have to sell them all, at massive loss. And when they do, a lot of people are gonna take this opportunity to get a cheap used car which will go up in value once the market stabilizes.
Of course they could trick people into some sort of honey pot or trap door, but not like this. Why choose the most expensive way possible with huge risk of failure as they cannot control these sort of markets? It makes no sense at all.
One very easy way that the 'illuminati' (or just the cia deepstate shadow government global security state or whatever you want to call it) will steal your money is through backdoors and zeroday vulnerabilities in your PHONE's CRYPTO WALLETS
so that's 1) PHONE
Another way is by stealing your accounts away on the "Cloud"--the online crypto exchange / banks that store your crypto with them. Like for example, coinbase
CLOUD ACCOUNTS
and finally
YOUR COMPUTER -- same problems as phone. Insecure wallet.
How to mitigate?
A) Use a hardware wallet like nano ledger
B) Use yubikey or some other form of 2-Factor-Authentication (2FA), and make sure you order directly from the manufacturer and ensure that your package has not been tampered with.
C) Use a PAPER WALLET but make sure you print it on something that will NOT fade over time, and maybe laminate or vaccuum seal it.
D) Make sure you laminate, vacuum seal or write on / emboss on copper or stainless steel your blockchain recovery seed phrase and then seal THAT in a chemical resistant, totally waterproof thing (like time capsule) and bury it somewhere deep, then bury a rock on top of that, then dirt, then a shrubery on top of that. No one thinks you'll bury something under a shrubery under a rock, right?
we don't know who created bitcoin. We have a name and not a face.
There is a good chance it was created by the NSA as a honeypot. After all, they created the underlying technology (the encryption)
High level ex NSA people like the VIPS members BIll Binney in particular, who basically spearheaded the bulk collection programs we have today (and he left because this didn't stop 9/11 from happening); have said that the ONLY reason that we the consumers have the encryption we have is because it's deprecated technology that the NSA already knew how to crack
The NSA can crack things that are said not to be able to be cracked. They have much more powerful toys than most think we have. Prism is just one facility, there are two others I know of, one in denver and one in texas the cryptologic faiclity I think it's in ... Houston? nope san antonio; there is also titanpointe at 33 thomas in nyc but I think that is more like echelon, for bulk collecting phone, internet and sms data
my point is, nsa has better stuff now than we have, and they have allowed us to have these things, including for export (encryption algorithms we make open source and able to be downloaded abroad)
the NSA has quantum computers now. We don't know the capability. If we read in the news that the industry or universities have achieved a certain qbit capability, the us military and other miliataries of the world ALREADY HAVE SOMETHING well IN ADVANCE of that technology.
We know this because intel has 5 generations of CPUs ahead of what they've released. Lockheed Skunkworks has essentially ufo type crafts. The US Navy has patents on exotic energy, vacuum energy and fusion devices, and electrogravitic ufo vortex technology which I still don't understand. Real patents, you can look them up.
what's the point of mentioning quantum computers? They can crack linear computer encryption all-at-once, should the qbit capability exceed the bitwise encyption level.
Industry people say we're no where near that yet. But the TRUTH is this: we really don't know what they have. Get the latest state of the art Dwave qbit capability and quadruple it and that's probably what the NSA has.
Blockchain technology, the algorithms behind it are not quantum safe. There may be ONE blockchain that claims to have quantum resistant encryption; I know of two and one of these blockchains is not ready for production, the other one is. I don't know the production one (you can look it up) but the other is swiss and it's QRL quantum resistant ledger, and it sounds like they know what they are talking about. that said, they did not respond to my request for comments and that kind of unprofessionalism says they are not ready for primetime.
Bicoin can be BLOCKED at ANY moment by a government, specifically the US military, which can embargo your internet traffic
a) they can bust through VPNs
b) they can bust through TOR (nsa technology created tor, and the people too, as exposed by julian assange)
c) they can just call your ISP, shut you down.
d) supercookies
e) browser fingerprinting
f) MAC ID database
g) firmware backdoors in your router (all domestic routers), and equipment. example: all cisco, linksys, netgear, ubiquiti, apple, are backdoored. All INTEL cpus are backdoored thru remote management engine; AMD has an internal cpu with its own Operating system inside the AMD CPU and there is shadiness going on there as exposed by german microcontroller experts. Officially, amd has it to protect against hardware and memory hacking
I am not sure if blackberries are backdoored, they may be the ONLY devices that aren't and that's why DC loves them so much. After hillary / biden's blackberries I bet you anything they are all firmware backdoored
I don’t trust Bitcoin at all. Even the people pushing gold im not so sure about. Whatever the case is it is correct that you shouldn’t keep your money in banks or a globalists controlled stock market. Physical resources are where to put your money. Land being number one, food and water number two, and weapons and ammo number 3. This fight is getting interesting to say the least
The best asset to own is the one you don't have to trust, which you can also verify. You buy some land and it's obvious that this piece of land you bought is now your and you can do what you want with it. You buy a gun and you can test shooting at some stuff and verify how powerful it is. You buy food and you can taste it and make sure that it taste well and has the nutrients you need, and that it doesn't make you sick.
If you have use of gold during a SHTF situation, you may want to get some of that too, assuming that you can identify real gold to avoid getting scammed. If you have technical knowledge you could verify Bitcoin and other crypto too, it's all about verification, but no trust. Blind trust is how you get fucked over.
You'll be doing just fine in the new world order as a free human being.
Correct, anyone pushing profits has fallen for the biggest scam in history. The trade of imaginary things for time and real world assets.
Blockchains have real legitimate use cases to solve problems and make the world a better place. The trading of cryptocurrencies has impeded all progress.
Blockchains can empower a decentralized internet which is free from censorship and everything else that plagues the current internet, but everyone just wants to make a fiat dollar.
How could Bitcoin bankrupt people who refuse to be controlled and flee? What mechanism?
I think the OP is talking about a potential 'honeypot' or 'trapdoor' where people trade their fiat for blockchain and then one day the value goes to zero
How or why that woudl happen? Well the stock market can plummet, and the value of the US dollar can plummet and THAT would make the value of blockchain drop to zero in tandem with the US dollar because blockchain is valuated in US dollars (world reserve currency) rather than, say the crustal ratio of precious metals or some other thing, such as a [world consensus average energy unit fungability value] (which doesn't yet exist, but MAY soon, as 'carbon credits')
The other way is that if the exchanges are all being controlled by a vicious elite, and that is how they collude / conspire / coordinate to set the value of bitcoin or other blockchains (because it / they certainly isn't / aren't based on supply / demand / scarcity)--then they could collude to one day set the value to zero; or use their fee-less, bulk, flash-trading AI transaction agents to conspire to make very weird, fast, and sometimes lossful trades to fool and/or coax the market into falling, which is something I believe they are already doing and have done in the past, as a 'crypto pump and dump strategy'...allowing crytpo exchange runners (aka 'the house') to win by fixing the outcome.
Most of what you are writing is not only wrong, but entirely illogical to the point of being completely backwards.
The stock market is rigged as we saw with $GME, crypto markets are more like gold, real estate or used car market, only digital so that nobody is stupid enough to buy "paper crypto" which is just fractional reserve crypto.
Now imagine if the big banking cartel where to manipulate the market of used cars, fist they would have to buy up a shitload of used cars, mostly at terrible prices. Then to dump the price they would have to sell them all, at massive loss. And when they do, a lot of people are gonna take this opportunity to get a cheap used car which will go up in value once the market stabilizes.
Of course they could trick people into some sort of honey pot or trap door, but not like this. Why choose the most expensive way possible with huge risk of failure as they cannot control these sort of markets? It makes no sense at all.
Gold is priced in dollars, just like oil is.
Will they both be worth zero too, when my BitCoins are?
One very easy way that the 'illuminati' (or just the cia deepstate shadow government global security state or whatever you want to call it) will steal your money is through backdoors and zeroday vulnerabilities in your PHONE's CRYPTO WALLETS
so that's 1) PHONE
Another way is by stealing your accounts away on the "Cloud"--the online crypto exchange / banks that store your crypto with them. Like for example, coinbase
and finally
How to mitigate?
A) Use a hardware wallet like nano ledger
B) Use yubikey or some other form of 2-Factor-Authentication (2FA), and make sure you order directly from the manufacturer and ensure that your package has not been tampered with.
C) Use a PAPER WALLET but make sure you print it on something that will NOT fade over time, and maybe laminate or vaccuum seal it.
D) Make sure you laminate, vacuum seal or write on / emboss on copper or stainless steel your blockchain recovery seed phrase and then seal THAT in a chemical resistant, totally waterproof thing (like time capsule) and bury it somewhere deep, then bury a rock on top of that, then dirt, then a shrubery on top of that. No one thinks you'll bury something under a shrubery under a rock, right?
Your'e already digging a hole, what's another 2'?
You have a lot of pretty massive lies here, so I don't even have time you show you how wrong you are.
All of the bitcoin source code is opensource and heavily audited. It's not impossible there's malicious code in there, but highly unlikely.
Bitcoin sucks though, there a dozen projects which are more decentralized, faster, have real utility, etc...
Bad premises = bad theory
Not such a bad premise
we don't know who created bitcoin. We have a name and not a face.
There is a good chance it was created by the NSA as a honeypot. After all, they created the underlying technology (the encryption)
High level ex NSA people like the VIPS members BIll Binney in particular, who basically spearheaded the bulk collection programs we have today (and he left because this didn't stop 9/11 from happening); have said that the ONLY reason that we the consumers have the encryption we have is because it's deprecated technology that the NSA already knew how to crack
The NSA can crack things that are said not to be able to be cracked. They have much more powerful toys than most think we have. Prism is just one facility, there are two others I know of, one in denver and one in texas the cryptologic faiclity I think it's in ... Houston? nope san antonio; there is also titanpointe at 33 thomas in nyc but I think that is more like echelon, for bulk collecting phone, internet and sms data
https://en.wikipedia.org/wiki/Texas_Cryptologic_Center
my point is, nsa has better stuff now than we have, and they have allowed us to have these things, including for export (encryption algorithms we make open source and able to be downloaded abroad)
We know this because intel has 5 generations of CPUs ahead of what they've released. Lockheed Skunkworks has essentially ufo type crafts. The US Navy has patents on exotic energy, vacuum energy and fusion devices, and electrogravitic ufo vortex technology which I still don't understand. Real patents, you can look them up.
what's the point of mentioning quantum computers? They can crack linear computer encryption all-at-once, should the qbit capability exceed the bitwise encyption level.
Industry people say we're no where near that yet. But the TRUTH is this: we really don't know what they have. Get the latest state of the art Dwave qbit capability and quadruple it and that's probably what the NSA has.
a) they can bust through VPNs
b) they can bust through TOR (nsa technology created tor, and the people too, as exposed by julian assange)
c) they can just call your ISP, shut you down.
d) supercookies
e) browser fingerprinting
f) MAC ID database
g) firmware backdoors in your router (all domestic routers), and equipment. example: all cisco, linksys, netgear, ubiquiti, apple, are backdoored. All INTEL cpus are backdoored thru remote management engine; AMD has an internal cpu with its own Operating system inside the AMD CPU and there is shadiness going on there as exposed by german microcontroller experts. Officially, amd has it to protect against hardware and memory hacking
I am not sure if blackberries are backdoored, they may be the ONLY devices that aren't and that's why DC loves them so much. After hillary / biden's blackberries I bet you anything they are all firmware backdoored
I don’t trust Bitcoin at all. Even the people pushing gold im not so sure about. Whatever the case is it is correct that you shouldn’t keep your money in banks or a globalists controlled stock market. Physical resources are where to put your money. Land being number one, food and water number two, and weapons and ammo number 3. This fight is getting interesting to say the least
The best asset to own is the one you don't have to trust, which you can also verify. You buy some land and it's obvious that this piece of land you bought is now your and you can do what you want with it. You buy a gun and you can test shooting at some stuff and verify how powerful it is. You buy food and you can taste it and make sure that it taste well and has the nutrients you need, and that it doesn't make you sick.
If you have use of gold during a SHTF situation, you may want to get some of that too, assuming that you can identify real gold to avoid getting scammed. If you have technical knowledge you could verify Bitcoin and other crypto too, it's all about verification, but no trust. Blind trust is how you get fucked over.
You'll be doing just fine in the new world order as a free human being.
Correct, anyone pushing profits has fallen for the biggest scam in history. The trade of imaginary things for time and real world assets.
Blockchains have real legitimate use cases to solve problems and make the world a better place. The trading of cryptocurrencies has impeded all progress.
Blockchains can empower a decentralized internet which is free from censorship and everything else that plagues the current internet, but everyone just wants to make a fiat dollar.
At least you tagged this as a theory.
Can't spell flee = you are an idiot = disregard your stupid post.
Its a bad theory.
"FLEE"