Bitcoin - who does it benefit?

[Morbid]

hi. i been into cryptocurrencies for almost two years now and have been learning about this particular technology quite in depth. who created it remains a mystery. but, after disovering new perseption of the geopolitical structure of our world i would like to build a fresh understanding of this phenomenon. maybe we will have a better view of financial development ahead of us.
so as per title. who do you recon created it taking into account that the kabal literally owns our current financial system?
thanks.

[indigopete]

You may find this an instructive commentary...

https://www.rebelmouse.com/GetIntoTheDark/base-and-credit-money-101-by-t-930453623.html

[A Voice from the Mountains]

Whoever started it, the conventional financial institutions probably aren't big fans, considering Bitcoin has had at least one CEO turned up dead, and the currency has been the target of several major hacking incidents.

[Morbid]

idea has been thrown at us in the form of satoshi's whitepaper. few have picked it up, made it work and the rest is history. could it be another one of the balansing acts targeting current financial system? how does the avalon community view such technology?

[sigma6]

I think it is 100% legitimate, and could be the foundation of many other technologies and IS a serious threat to the existing pyramidal control system of currencies existing today by the inbred banking families...and their masters, the Vatican, Inner City of London (Secret Societies)

The encryption itself to date has stood the test of time, there are definitely issue of protocol on how to handle it. General education and understanding what it is, is still in its infancy... The infrastructure is not there, the current wallet size is about 35 GB... at the very least 64-128GB mobile devices will be needed in the market (cheap memory!) That would at least allow you to download it on your main computer and copy it to a mobile device. (as direct downloading would kill bandwidth (which should be flat rate, avoid pay per bandwidth at all cost!)

The Bitcoin does have inherent value (Peter Schiff is wrong) whether that is equivalent to gold is another question... And the model of the encryption protocol itself could be used as a form of fiat, tied to tangibles... i.e. bitcoin gold receipts instead of bitcoin dollars for example (To make Peter Schiff happy... as an option) I don't think is necessarily a far leap theoretically, but would be a huge infrastructure change. This might be where 3rd party vendors can take a piece of the pie... I think somewhere down the road someone is going to add a cost to it...

Since there has to be an interface with the public, and the public is controlled by the Banks, Government and the Courts, (the Pirates and their peons/minions) That creates a gatekeeper problem... And that is what we are seeing around the world. Governments trying to forbid banks from exchanging currencies, and attacks on holders, atms, etc... always at the point of exchange...

Because of this, I think there will be charges associated with bitcoin in the future, the pirates, (skull and bones) may very well be behind the thefts and takedowns of all the bitcoin 'houses' attacking this weakness, just like gangsters forced all the legitimate businesses to accept insurance (which is really, outside of accidents, protection against the gangsters themselves... ie. extortion tax...)

Bitcoin is under heavy attack right now... because it is a REAL threat. I think it will survive...

Also I think there was some good speculation floating around who Satoshi was/is, I read it somewhere, it sounded pretty reasonable, but he's denying it in any event... Right now it's a wild west of covert government/banking family/Vatican (i.e. pick your preferred variant) underworld putting this "new vehicle" of commerce through it's paces... i.e. someone someone who has a lot of money who can buy hackers to pull off precision attacks... I don't think they are going to break the Bitcoin encryption protocol itself...

For now if you have any bitcoin keep it in your own wallet, and for 100% cyber security (if you are ultra paranoid...) disconnect the ethernet cable on that device/computer. My 2¢ ; D

[Morbid]

just to confirm. mobile wallet runs without the blockchain download. its 'plug & play'. though apple dont allow it in appstore which tells us something.

[Anchor]

You dont have to run a full node with a complete copy of the blockchain but it helps the system if you do. One of bitcoin's problems right now is the size of a block limits the maximum number of transactions per block, and thus there are real scalability issues to overcome.

Another coin I am looking at is Darkcoin - horrid name, but really clever technology that gives users the anonymity that bitcoin lacks.

There are substantial security issues - and a lot of people have fallen prey to scams and hackers because they have incomplete or inaccurate information regarding the security of their machine and trusting people who do not deserve their trust.

One of the challenges for someone using crypto-currencies, is that it getting increasingly hard to maintain a secure PC - and forget about having any kind of security on most smart phones. The Nation State threat is getting more real for people on the fringes.

[Morbid]

banks of the future will provide you with an account that they will keep secure on the blockchain. all you get is a plastic card and a record of your balance. some companies already do that. user dont have to worry about the security. though you have to trust the entity enough to use them. obviously savings wont go there..

[Silo]

MegaNet would be a decentralized, non-IP based network in which the blockchain used by Bitcoin will play an "important role". Decentralizing the Internet means to take the power of the Web away from powerful hands of governments and corporations and put it back in the hands of online users.

This move would offer users a truly free space, where they can communicate privately with anyone else without censorship.

Mr. Dotcom continued to inform his followers that they "would be surprised" about "how much idle storage and bandwidth capacity mobile phones have", adding that "MegaNet will turn that idle capacity into a new network".

The entrepreneur also assured its followers that the consumption of the battery won't be a problem for a large number of phones in the network carrying MegaNet.

"MegaNet won't rely exclusively on mobile networks at launch. But the more powerful phones become the more data & traffic they will carry."

http://thehackernews.com/2015/02/meganet-decentralized-internet.html

This one's more in depth:

xUNGFZDO8mM

[Limor Wolf]

Bitcoin - who does it benefit?


Originally posted by Morbid: "so as per title. who do you recon created it taking into account that the kabal literally owns our current financial system?
thanks."

Hello Morbid, Warm welcome to Avalon. There are a couple of threads on this subject which may be of interest to you: see this Advanced search

http://projectavalon.net/forum4/search.php?searchid=11057595

I have posted on this question here (http://projectavalon.net/forum4/showthread.php?57349-World-financial-affairs-coming-to-a-head-...-potentially-within-weeks&p=653524&viewfull=1#post653524) and I feel it is still relevant-

Bitcoins raise eyebrows, It might be good for only a short period of time, and not as any substitute for securing funds . A couple of questions need to be asked:

-Who is behind the bitcoines exchange? If it is indeed (hard to believe) an anonymouse start-up company under the name of Satoshi Nakamoto (https://en.bitcoin.it/wiki/Satoshi_Nakamoto), why would the government/Cabal would allow it to develop? we need to remember that everything which is financial is under their complete control

- Very much like the physical currency : ) this is a virtual currency which represents the same old scheme of things, a system that needs to break-up in the next very short couple of years.

- Easy to assess that if the internet is going to be in danger of being supervised, so does everything else under it's radar. virtual banks, virtual coins and transfers included.

- Changes in our earth echosphere system and radical climate change whether from the sun or any other celestial space orbit can affect the grid. This is not a wild conjecture but is based on some form of evidence.

No grid= no internet= no money.

-Professional hacking and games of espionage are becoming more and more popular, as well as some 'mysterious' viruses such as Stuxnet under the US and Israel flag

All this can easily beat the coin and make it disappear as fast as it came :ohwell:

[Morbid]

i highly doubt a long-term situation without power/internet in future. ether way even if a small part of the world at any time has some power/internet - blockchain will be ok. it really is that safe. if used properly crypto can be much more secure than any currency or commodity. lack of will for self education in financial terms is what really dragging the societies down at the moment as we gave away all the power of our finances to the moneychangers, for them to abuse.

[Silo]

Hi Limor, I too have mis-givings about security.

I keep seeing all these stories about how good pgp works and tor, and for all I know it might be true.

On the other hand, it might not be...and all those things are just honey traps for those looking to skirt...well, whatever they're trying to skirt.

Piggy, in Lord of the Flies, when asked if he believed in ghosts says, "Of course not...if they were real, things wouldn't work...like tv."

If I were a bully, or a ghost, I would definitely want those whom I bully or scare to believe that my capacity for evil was FAR greater than reality.

Maybe, we should keep that in mind....after all tv does work.

[Limor Wolf]

Hi Limor, I too have mis-givings about security.

I keep seeing all these stories about how good pgp works and tor, and for all I know it might be true.

On the other hand, it might not be...and all those things are just honey traps for those looking to skirt...well, whatever they're trying to skirt.

Piggy, in Lord of the Flies, when asked if he believed in ghosts says, "Of course not...if they were real, things wouldn't work...like tv."

If I were a bully, or a ghost, I would definitely want those whom I bully or scare to believe that my capacity for evil was FAR greater than reality.

Maybe, we should keep that in mind....after all tv does work.

Hi Silo, I just saw your post today. It seems there is enough evidence that such scenarios are real and on the plan, it is enough to view the on going regulations on the Internet and the centralization of everything to do with money to be concentrated on computure based data storage, and the birth of the Bitcoin as (if) an 'alternative' tool is clear (for those who like to see). the Bitcoin is not a free currency that has nothing to do with the current global financing system, we are not there yet. But I understand what you mean and I agree that there is a rule of thumb to inflate and hype certain capacities and images, that is part of the psychological strategy of any battle.

[Silo]

I feel like we need a new thread for this conversation.

It seems to me that there are 3 major control structures under fire right now and the FCC rules, along with other regulatory/legislative pushes we have seen lately tell us that we are seeing the push back against them.

1. The internet is undermining the MSM and communication networks

http://www.leichtmanresearch.com/press/081514release.html

These top broadband providers now account for over 85.9 million subscribers -- with top cable companies having nearly 50.7 million broadband subscribers, and top telephone companies having over 35.2 million subscribers.

2. Bitcoin (or some other peer-to-peer, distributed system) threatens to undermine the financial system.

(this thread already contains some good links to the possibility of a distributed network)

3. Solar threatens to undermine the energy monopoly.

http://i59.tinypic.com/2gxqiwy.jpg

These things are legitimate ways out for the regular folk and if we sit around waiting to see if, sooner or later, the PTSB are going to give us a pat on the head and the go-ahead then we deserve all the stupid rules we get.