Sure, but it's not so much that they are mining it, but that they are skimming a little bit with volume. The higher the volume, the more they get and the more control they have over it.
I think a good chunk of transactions are to launder dirty money, or to exchange money for unlawful/immortal actions. I'm talking things like drug running, human/sex trafficking, prostitution, hits.
Perhaps, all we see is transaction not what they where paying for. So this is all in your head. And even if some transactions does pay for illegal stuff that's just "guilt by association" which is a terrible argument. See anyone who want to pay for "immoral stuff" don't want to get caught, so what do they do? well obviously they pay with whatever has the best privacy and reasonable convenience.
I also think a majority of bitcoins are owned by a very few people. These people then have the financial means to mine more bitcoins and other crypto.
There's a rich list showing all the addresses with the most coins, pretty much all the major ones are exchange wallets, i.e shared wallets or DeFi smart contracts which means multiple people owns the coins in them, beside that there's millions of active wallets.
While unequal distribution is indeed a problem, keep in mind that the same applies to every fiat currency (top 1% of the richest owns 99% of the money) and gold (Rothschild owns at least 60% of all physical gold).
I think the acceptance of crypto in general planting the seeds for a one world currency. The government opposition you see now is mostly controlled.
While this might seem like a threat, the actual threat is all about country. A one-world currency doesn't have to be a bad thing in itself. 200 years ago and further back gold was the one world currency and it did work pretty well because nobody controlled it. Same applies to crypto.
Besides, with Bitcoin and Ethereum's scaling problem and slow block times there's already dozens of viable alternative cryptocurrencies that does a better job, not only generically speaking but coins that's targets specific industries. Take Sia coin and StorJ for instance, those are relevant if you need object storage (competes with Amazon S3 for 1/10 of the price) but you probably wouldn't use it to buy a cup of coffee.
Same thing if you gonna do something very illegal, or just secret. You'd probably use Monero because of it's privacy features.
Eventually a crypto might come along that promises stability, privacy, acceptance, and liquidity. But, that might have backdoors to allow govt to watch every transaction.
I doubt there will ever be one for everything, there's gonna be multiple coins in circulation with various usage areas, libraries and wallets are gonna improve so that it's easy for merchants and customers to use without risk of confusion. Also keep in mind that the cryptocurrency is not just a currency, it's a payment protocol for it's own blockchain and the relevant usage area is what that blockchain was designed to do.
What you really should fear here, is carbon credit, which by definition is not a cryptocurrency, but a smart contract on blockchain. This is just the back-end part of it tho and completely irrelevant to you as a user. The globalists plan is to devalueate the dollar and other fiat currencies until it's worthless, then they show up as saviors offering you carbon credit.
Now think of carbon credit as glorified digital food stamps, they will control the price of everything, they will control your salary, and just like your bank they can see your history and freeze your funds at any time for any reason. Unlike fiat it's also said carbon credit will have an expiry date which encourage a certain level of consumption, tho in reality you'll never have enough to live a decent life, just enough to survive.
This is how they force you to eat bugs, this is how they make you move into a pod, drink sewage and own nothing, because it'll be the only life you can afford.
I also remember Alex Jones mentioning that George Soros was once asking him to talkup and push bitcoin to his audience. I think this was a show with Joe Rogan.
More guilt by association, AJ would have called Soros out if he tried something like that. Besides, Soros have an extremely diversified portfolio including all different fiat currencies, precious metals, stocks and crypto too obviously, he then manipulate the markets and play all these assets against each others in ways that would have been illegal for people like us, but when Soros does it it's ok. 🤡
Every time you get scared during a market crash and panic sell, Soros is there to scoop up the value, then he steals the value fro your devalueated "safe heaven", which is the dollar before you buy back at loss. Of course this process takes a few months so you might not even notice, but at some point you'll notice how much more expensive everything is and how you suddenly can't afford the stuff you used to be able to afford.
Sure, but it's not so much that they are mining it, but that they are skimming a little bit with volume. The higher the volume, the more they get and the more control they have over it.
I think you are unfocused.
Perhaps, all we see is transaction not what they where paying for. So this is all in your head. And even if some transactions does pay for illegal stuff that's just "guilt by association" which is a terrible argument. See anyone who want to pay for "immoral stuff" don't want to get caught, so what do they do? well obviously they pay with whatever has the best privacy and reasonable convenience.
There's a rich list showing all the addresses with the most coins, pretty much all the major ones are exchange wallets, i.e shared wallets or DeFi smart contracts which means multiple people owns the coins in them, beside that there's millions of active wallets.
While unequal distribution is indeed a problem, keep in mind that the same applies to every fiat currency (top 1% of the richest owns 99% of the money) and gold (Rothschild owns at least 60% of all physical gold).
While this might seem like a threat, the actual threat is all about country. A one-world currency doesn't have to be a bad thing in itself. 200 years ago and further back gold was the one world currency and it did work pretty well because nobody controlled it. Same applies to crypto.
Besides, with Bitcoin and Ethereum's scaling problem and slow block times there's already dozens of viable alternative cryptocurrencies that does a better job, not only generically speaking but coins that's targets specific industries. Take Sia coin and StorJ for instance, those are relevant if you need object storage (competes with Amazon S3 for 1/10 of the price) but you probably wouldn't use it to buy a cup of coffee.
Same thing if you gonna do something very illegal, or just secret. You'd probably use Monero because of it's privacy features.
I doubt there will ever be one for everything, there's gonna be multiple coins in circulation with various usage areas, libraries and wallets are gonna improve so that it's easy for merchants and customers to use without risk of confusion. Also keep in mind that the cryptocurrency is not just a currency, it's a payment protocol for it's own blockchain and the relevant usage area is what that blockchain was designed to do.
What you really should fear here, is carbon credit, which by definition is not a cryptocurrency, but a smart contract on blockchain. This is just the back-end part of it tho and completely irrelevant to you as a user. The globalists plan is to devalueate the dollar and other fiat currencies until it's worthless, then they show up as saviors offering you carbon credit.
Now think of carbon credit as glorified digital food stamps, they will control the price of everything, they will control your salary, and just like your bank they can see your history and freeze your funds at any time for any reason. Unlike fiat it's also said carbon credit will have an expiry date which encourage a certain level of consumption, tho in reality you'll never have enough to live a decent life, just enough to survive.
This is how they force you to eat bugs, this is how they make you move into a pod, drink sewage and own nothing, because it'll be the only life you can afford.
More guilt by association, AJ would have called Soros out if he tried something like that. Besides, Soros have an extremely diversified portfolio including all different fiat currencies, precious metals, stocks and crypto too obviously, he then manipulate the markets and play all these assets against each others in ways that would have been illegal for people like us, but when Soros does it it's ok. 🤡
Every time you get scared during a market crash and panic sell, Soros is there to scoop up the value, then he steals the value fro your devalueated "safe heaven", which is the dollar before you buy back at loss. Of course this process takes a few months so you might not even notice, but at some point you'll notice how much more expensive everything is and how you suddenly can't afford the stuff you used to be able to afford.