Bitcoin, the war on cash, Clif High, and the NSA's long range plans

[mountain_jim]

SciFi World

Oh...i see now why the spike in building emotional tension today even though the FTX flame-out went down a few days back...
it is the 'run on the exchanges' as all those people caught by surprise wonder if their account on their exchange has anything in it.

Yes, big emotional building tension rise.

Source: https://youtube.com/watch?v=QQ5mW1bOUOg

SciFi World
so historical perspective here.
If this were the 1890s, we would all be invested in new fangled **** like automobiles, oil, and electric companies & going through nearly the same emotional waves as the Engineered crash of 1893/1894 came on. Then it was designed to bring in the Fed some 10 years later (they were off a few years in their planning), while now this is intended to bring the largest ever 'bill' in sheer word numbers to Congress to 'regulate' cryptos. Yep, it's already been written.

[aoibhghaire]

FTX Bankruptcy Will Seem Like NOTHING | This is 10X Bigger!

1. FTX used clients money to take risky bets. Those bets lost as the market fell further.

2. Many companies saw their assets grow as clients saw crypto gaining. Once the trend changed companies problems started showing up.

3. TETHER is the third largest coin. It is a stable coin that aims to have parity with the USD. However, it has never been audited. Audit is every 5 years. It’s audit was meant to be carried out last August. This is suspicious having this hesitancy.

Again, if it turns out that its not fully backed then the we have another FTX X ten. This is very dangerous for the whole financial industry.

https://www.youtube.com/watch?v=V57_yJjQv1w&t=1006s

[mountain_jim]

https://gab.com/groups/4204

eetBets
Copied from Bitboy:

DAN FRIEDBERG DID IT: SBF IS JUST A FALL GUY!!!
BIGGEST FRAUD IN HISTORY MISDIRECTION

All images of Dan Friedberg have been deleted from internet!

As the scale of the fraud, mounting into the deca-billions, is discovered, we are distracted by the pantomime being played out with SBF and his “gang of 4”. It is all misdirection! The puppet master behind the scenes is Dan Friedberg, FTX “legal Counsel”.

While the world is leaked stories of drug fuelled sex orgies at the Bahama penthouse of SBF, Harry Potter Math defect, Caroline Ellison and strange hacks on FTX draining the last remaining value of client funds, we don’t see much about Dan Friedberg. He is back at home scrubbing the internet, destroying all evidence and draining any remaining funds.

Sources confirm that search warrants are prepared, freezing orders have started, and arrests await the finalisation of immunity deals with witnesses turned state’s evidence.

One lawyer close to Friedberg, is saying that Friedberg is making the rounds laying the foundations for the reconstructed narrative that it was the “gang of 4” and he was “on the outside”. The financial reporting system was designed deliberately so that only the “gang of 4” and Dan of course who created it, knew the real financials. That way, like the latest hack that by-passes any alerts, is part of the Friedberg GOD MODE back door.

Frieberg deliberately chose young millennials, he could manipulate. The baby General Counsel for FTX that Frieberg installed, Can Sun, is reported as having a break down and in tears. It appears that the true ‘boy scout’ that remains at FTX, is General Counsel Ryne Miller. He is prosecutor’s best bet at piercing the Friedberg narrative.

Frieberg is not just an attorney pulling the strings. He has a long history of fraud. He set up several on-line businesses, especially in on-line Poker with in infamous “GOD MODE”, that allowed him and his associates to see all the bets the players were making, their cash position and vulnerabilities and would be able to swoop in at the right time to fleece them of their funds. Sounds familiar? It should. It is the same set up with SBF exchanges, Alameda as market maker and competing projects like the ****coin Solana.

But there is more. Occasionally, Dan would get caught. You can’t rob all of the people all of the time, forever. Dan nearly did. High Profile people like Ben Affleck get scammed too. But when he got caught, he has a playbook:

(1) find a patsy and pay them well;

(2) use GOD mode to drain all the funds from the operation, so there is nothing for the victims to go after;

(3) fabricate the evidence – backdated transactions so empty corporate shells are elevated and get sworn statements from persons who can support the perversion of justice;

(4) pay off anyone you absolutely have to and shut them up with an NDA – invariably they are so financially decimated.

The absolute Poker/Ultimate Bet Superuser Scandal had voice recordings where Dan Friedberg is caught red handed. Even, his coaching of witnesses to give false evidence was leaked. Yet somehow, he escaped. He didn’t even lose his New York law licence. Will his connections over the NY Bar Association save him in this global scandal, now?

As Mr Hussein Faraj, CEO of NuGenesis, wrote to Friedberg back in April 2022, when Friedberg thought he ruled the world as its puppet master:

“You are a deeply stupid person”.

And so it appears!

Dan is widely said to be a “one trick pony” with limited intellectual capacity allowed to developed in his overinflated hubris. Sure, there will a deluge of stories about the weird SBF, baby executives at Alameda and FTX too inexperienced to understand how Dan pulled the strings.

The final FTX hack to drain what is left of client funds on FTX exchanges, was precisely a GOD MODE style operation. Whilst Kraken claimed to have one side of the transaction: the FTX response team trying to counter the hack, the hacker remains unknown. NuGenesis, sworn to take down Dan Friedberg as the Puppet master, have deployed a multi-level AI system, NAVIS, to isolate the Dan Friedberg modus operandi going back as far as chain analysis allows. NuGenesis have identified, what is now confirmed by Huboi, that SBF was behind the collapse of Luna, UST, 3AW and many more which feature the trademark patterns of un-commercial trades which are huge loss makers in themselves, to trigger the price crash. The market makers do the rest.

Part 2 coming:

[mountain_jim]

Part 2 from Bitboy:

Frieberg appears to create single use corporate shells for each dirty transaction. This may give investors hope that these fraudulent conveyances can be clawed back for the full 6 years permitted under US law, but few hold any real hopes of any recovery.

Who is behind Friedberg that could protect him? Friedberg was instrumental to using USDC as means of effecting intelligence sources paying off the Venezuelan opposition forces to ‘test run’ the USDC for ‘dirty dealing’ with conditions built into the crypto to ensure those receiving it, do what they are paid to do. However, USDC has moved to the control of Blackrock. The intelligence community, especially intellegence, have no real use for Friedberg anymore. He is now a liability.

Frieberg may hope that if there is an accident where the ‘Gang of 4’ might no longer be among the living, his problems are gone. All the most damaging and direct evidence of what happened, particularly tying to him, would die with them. Whilst dead men don’t talk, NuGenesis boasts that Friedberg has continued to underestimate their pioneering technology. That is, the same technology that exposed the counterfeit crypto created on FTX exchanges and the fake volume manipulating the markets.
As the Biden administration and officials are being dragged into the crypto fraud scandal, the most convenient outcome is that Friedberg is the one who has the accident.

In the meantime, the side-shows and misdirection goes on. Crypto influencers are blaming those of their brethren with $50-$100K plus per month in FTX sponsorship, for endorsing the influx of users on the FTX controlled exchanges. Whether it is the sycophantic Max Maher who shilled SBF as the modern-day JP Morgan to save the Crypto industry, or Andrei Jikh, Tom Nash and many others. In defence, they point to the deluge of advertising money that worked with the Miami Miami Heat (FTX Arena), enveloped huge investments from Sequoia capital amongst a large number of VCs and the celebrity power of Tom Brady, Tom Leary, Larry David and the list goes on. F1 Team Mercedes, TSM Esports and Major League Baseball even signed up a long term partnership with FTX. A blame game that keeps Dan Friedberg out of the spotlight.

The greatest misdirection is the case for regulation. We have the world almost begging to be regulated. Simple minds need simple solutions, clutching for hope that technocrats will fix things for them. Is any more law than common law fraud is relevant here? There is no loophole that SBF avoided. It was simply fraud: counterfeit crypto and fake volume.

This ‘lack of regulation’ misdirection has its own misdirection: that it is portrayed as crypto currencies need to be regulated. It is not crypto currency that failed here. Decentralisation did not fail. It was the anti-crypto, centralised exchanges and monopolies that failed here. Regulating crypto currencies and their evolution to put more control in the hands of fewer monopolists close to regulators is precisely what SBF was advocating.

There is substantial evidence that at least NuGenesis was making submissions to regulators and administrators internationally since March 2022. NuGenesis had supplied evidence of counterfeit crypto used on SBF exchanges, fake volume and consequent fraudulent accounting. Box loads of data and AI-based Chain Analytics proved the case. They provided video recordings from exchange executives admitting to being instructed from Friedberg to destroy evidence and shift crypto (without consent) from client accounts. Exchange staff even resigned over it.

However, no one listened. All the way, Dan Friedberg and team stalled, delayed and procrastinated to keep NuGenesis from going to Court and exposing it all. Where were your regulators? Gary Genzler was meeting with SBF. Where were the legislators? They were meeting SBF lobbyists. Draconian regulation will not substitute for ineffective enforcement. This is a simple case of common law fraud which all countries of the world have in common.

The editors of Inside Crypto make an invitation to Dan Friedberg. We will pay your airfares to come to Lebanon begging that you sue us. The Lebanese Police will take care of your accommodation costs.

[aoibhghaire]

https://www.thegatewaypundit.com/202...an-government/

the CEO of FTX admits in an interview it was a money laundering operation for Ukraine

[mountain_jim]

https://twitter.com/WallStreetSilv/s...yuuLmg1UPYf-oA

[norman]

Victoria Jones explains Bitcoin, for me, better than anyone else I've heard yet. Her view is that Bitcoin is still the real alternative to what the bankers are trying to do. She insists people should stick to calling it Bitcoin instead of using the trendier term of 'crypto'. Her descriptions of how it works are clear and easy to grasp.

Al and Victoria met each other via Johnny Vedmoor and the tone of Victoria's expression of things is very similar to Vedmoor's. If you enjoy listening to Vedmoor you'll enjoy listening to Victory too, I'm sure.

This was recorded late last year, so doesn't refer to anything going on with the banks right now, but if current developments have got you reconsidering bitcoin, this is a good educational listen.

Forum Borealis - PRE-RELEASE: Victoria Jones - What you should know about Bitcoin (Pt. 1 of 2: End Game: Class War & the Great Reset Plot)
2 hour 1 minutes - Posted Mar 18, 2023

SHOW NOTES
Recorded: 7 December 2022

This is a pre-release. All show notes will come when it is officially out on the video platforms.

[Dennis Leahy]

This presentation by Whitney Webb is months old, and might be posted somewhere else on this site (or even this thread), but I didn't see it.


Whitney is an excellent researcher and very articulate. Here, she covers the US government + global "partners" war on Bitcoin in particular and non-CBDC cryptocurrency in general.

Source: https://youtube.com/watch?v=epWbaeuGICc

[mountain_jim]

IN the news today

https://www.zerohedge.com/crypto/bit...s-focus-crypto

Bitcoin Pumps'n'Dumps After SEC Spot ETF Confirmation Denied; Ed Snowden Says 'Focus On Crypto Fundamentals'

BY TYLER DURDEN

(excerpts)

CoinTelegraph has tweeted an apology:

We apologize for a tweet that led to the dissemination of inaccurate information regarding the Blackrock Bitcoin ETF.

An internal investigation is currently underway. We are committed to transparency and will share the findings of the investigation with the public once it is concluded within 3 hours.

We suspect a few day-traders will be more than a little upset still.

* * *

Following the surge in crude oil, gold, and bonds late last week as tension escalated in the Middle East, it appears Bitcoin is the latest to feel the squeezey alternate/safe-haven flows as the crypto currency has exploded higher this morning, topping $30,000 for the first time since August...



< snip >

Additionally, as CoinTelegraph reports, prominent Bitcoiners and contemporary adopters highlighted the need to focus on the fundamental value proposition of Bitcoin to continue its push to mainstream acceptance in the packed Genesis Stage hall at Bitcoin Amsterdam.

“We’re contorting ourselves to pass through the keyhole of tyranny.”

Edward Snowden’s words ring out , stressing the preeminent cryptocurrency’s ever-increasing importance in a world beset by creeping government surveillance, devaluing fiat currencies and restrictive policies.

The renowned whistleblower’s address summed up a recurring theme during the conference hosted in Amsterdam, driving home the role of decentralized protocols like Bitcoin and Nostr in handing individuals some semblance of control over their wealth and privacy.

Cointelegraph spoke to prominent Bitcoin developers, investors, builders and supporters attending the two day conference at the picturesque Westerpark. In the midst of the ongoing cryptocurrency bear market that has tested the wider industry, the event managed to attract a couple of thousand event-goers looking for the latest news and insights from the BTC industry.



Edward Snowden delivers a live virtual address during the conference.

While these prominent figures highlighted the value proposition of Bitcoin as a store of value against diminishing purchasing power of fiat currencies, Snowden was critical of the continual focus on the value of BTC over its importance as decentralized tool:

"We are all part of a bigger game and Bitcoin is one of the strongest levers in that. The systems that we are influencing, that we are exerting leverage on - payments and finance - will shape what the world of tomorrow looks like."
Snowden’s address attracted arguably the biggest gathering of visitors during the conference, as he revisited the role that Bitcoin played in his own journey rebelling against the hegemony of the U.S. government and its wanton surveillance of its citizens.

In 2013, Snowden used Bitcoin to pay for the servers that hosted classified information that was sent to journalists that would reveal the overreach of the National Security Agency. As Snowden elaborated, Bitcoin’s increasing prominence has led to increasing opposition from governments, lawmakers and legacy financial institutions.

“We don’t want to focus on things like ETFs (exchange-traded funds), we need to focus on the fundamentals.”

Snowden added that the potential influence of Bitcoin ETFs on the value of the cryptocurrency represents "subordination, a kind of subjugation, a process of taming" that is being played out by institutions that regulate traditional financial spheres.

Source: https://youtube.com/watch?v=H-fQ7i8q5C8

Snowden also shared his belief that Bitcoin has ‘a privacy problem’, highlighting the emergence of obfuscation tools like coinjoin and mixers as important, but equally indicative of the pressure facing the decentralized protocol.

“Acting in secret is not freedom. The necessity of coinjoins and so on - that is because you are un-free. Proof of funds is proof of unfreedom.”

Snowden said that society needs to stop asking for permission by continuing to innovate with the creation of decentralized tools that do not heed to the powers that be, referring to the Securities and Exchange Commission's actions against the wider cryptocurrency space in 2023 as a prime example of the control that currently exists:

"All of the people tracking price and looking at headlines involving the SEC. Gary Gensler is not Daddy Bitcoin. I don't really care what he thinks and I don't think you should either."

The whistleblower also tipped his hat to the creation of Nostr, which he described as powerful in conceptualizing the integration of free speech and free trade. The creators of Nostr would later unpack the genesis of the platform at the conference, which also drew a significant crowd.


< more at link >

[mountain_jim]

Bump as BTC hits new high of over $72,000 today, surviving every 'black swan' event so far.

Posted by mountain_jim (here)
https://www.zerohedge.com/crypto/bit...o-backed-notes

Finally, it appears more people are realizing 'why' alternative currencies (like crypto and precious metals) have seen such demand recently.

As CoinTelegraph reports, in an X post on March 11, entrepreneur and angel investor Balaji Srinivasan argued that Bitcoin is the only realistic solution to escape the inevitability of unsustainable government spending and potential asset confiscation.

“We’re in the looting-the-treasury phase of imperial collapse,” the former Coinbase chief technology officer told his 994,000 followers.

Srinivasan argued that government debt and wasteful spending continue to grow rapidly at unsustainable levels. U.S. national debt is currently at a record high of $34.5 trillion, increasing 25% since 2020.

[TrumanCash]

Schiff on Market Overtime: Bitcoin Has No Value

Source: https://youtube.com/watch?v=rGuPwAiHVJM

https://schiffgold.com/interviews/sc...-has-no-value/

[ThePythonicCow]

Some more Bitcoin thoughts ...

If the Federal Reserve managed a gold backed currency, it might control the money supply by controlling gold mining.

If the Federal Reserve managed a debt backed currency, it might control the money supply by controlling lending rates.

🤔 hmmm ... I wonder which applies at present.

=== ===

... on second thought ... the above misses a key point.

When gold nugget (or sea shell or whatever was used for money) supply was primarily controlled by the "little people's" activity, then little people controlled the money supply.

But the Banksters are always keen to own and control the bulk of the core basis of monetary value, be that land, gold, oil, the prime debt of nations and corporations ... or Bitcoin.

Once the Banksters control most of a supply of primary monetary units, then they can use those units as debt collateral. When they also control the markets, regulation and dominant narrative of such an asset, they have essentially unlimited room for fraudulent leveraging of those units, whatever they be.

Bitcoin is in an earlier phase - Phase (2) on the following progression:

1. Lots of little "miners" making good money mining new Bitcoins (and developing crypto technology).
2. Big bankster money buying up most of the quantity of mined Bitcoin, and leveraging up its price.
3. Capping of Bitcoin supply, exactly as Satoshi Nakomoti planned.

Like land, gold, and prime debt, if the Banksters have they way, then Bitcoin too is on a path to become yet another basis of Bankster controlled debt money, albeit adapted to the digital age.

[ThePythonicCow]

Is Bitcoin "anonymous" ?

Yes and No.


Bitcoin is "pseudo-anonymous". Nothing on the Bitcoin block-chain directly reveals that it was an old North Texas geek who identifies as a cow who sold a few hundred dollars worth of Bitcoin a few months ago.

But crypto's "on and off ramps" do reveal that event and who did it - yours truly. I had to make that sale through an authenticated (selfie holding my drivers license) account on a regulated crypto exchange, such as Coinbase or Kraken, and then transfer the funds to a regulated bank over a regulated "wire" network ... and long before I had spent one Satoshi of those funds, the "Big Computer in the Sky (and Bluffdale, Utah)" knew, even before I verified the success of each transaction, exactly who was doing what.

That may be why Trump could recently support Bitcoin and unregulated person-to-person crypto exchanges ... his Bankster funders know full well that they are now well along the way to owning most crypto and regulating all crypto-exchanges. They will easily surveil our every micro-transaction in or out of the crypto world, as well as any intermediate transfers connecting such on the block-chain, while they obfuscate all their mega-transactions (which of course are NOT done on fully authenticated Coinbase or Kraken accounts).

[palehorse]

I bought a pitcher pump and paid with Monero (XMR), cash was my first option, but I do have Monero and the dude selling the pump accepted it, so this was my purchase using crypto, 100% peer to peer, no 3rd party involved at all, my Monero is from my wallet, there is no exchange or middle man involved on it, so who in the hells and heavens will know that I bought a pitcher pump from that guy and paid in Monero?

My Monero I get online in places like `localmonero`, `bisq network` (for BTC) and personally, there is no verification at all of who you are, all transactions are anonymous.

When selling something second hand or freelancer work I always ask for payment in crypto, that is how I tested many different ones, some has no liquidity (like `namecoin`) and you will end up having trouble selling/paying. So stick with the major ones is imperative unless you know a niche that will accept those exotic ones, also if you are getting crypto for "spending" purposes like I do, Bitcoin is far from ideal, it is expensive and slow, Lightning Network backed by BTC is an attempt to speed up transaction, but it is junky tech, use it and you will get the feeling. So Monero feels alright for spending purposes, I am sticking with that in the crypto world for now.

[ThePythonicCow]

Posted by palehorse (here)
My Monero I get online in places like `localmonero`, `bisq network` (for BTC) and personally, there is no verification at all of who you are, all transactions are anonymous.

Yes - for small transactions, Monero, like cash, is anonymous.

However, also like cash, large transactions in crypto are, or will be, not allowed or will require special reporting ... can't let those criminals hide you know ... unless of course you're one of the big dog's favored parties ... then a 40 foot container full of $100 bills is no problem.

As a practical example, that I have direct knowledge of ... it would have been illegal for me to pay for dental work with $10,000 or more in cash. The IRS wanted to make sure that my dentist didn't avoid income taxes, or so the excuse was.

Also, when a U.S. bank receives a cash deposit or withdrawal of $10,000 or more, they are required to report the transaction to the Internal Revenue Service (IRS) by filing a Currency Transaction Report (CTR). This is a federal requirement outlined in the Bank Secrecy Act (BSA).