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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?


To: TobagoJack who wrote (164217)10/24/2020 4:00:59 AM
From: sense  Read Replies (2) | Respond to of 217752
 
Bitcoin (Breakout) versus Tesla (Crash)?

What if...

Elon Musk = Satoshi Nakamoto ?

Perhaps they'll collaborate on writing "Extraordinarily Popular: On Sustaining the Madness of Crowds" ?
That does seem the same sort of thing that you'd expect printers of fiat would specialize in ?

I believe bitcoin (et al) was/are "allowed" (it seems rules were changed or ignored to enable it... as counterfeiting of any sort used to be illegal... and those laws rabidly enforced ?) as a beta test of digital currency concepts, which experiments the banks (or, central banks) would normally be unwilling to take any risks to conduct themselves. Bitcoin allows them to slave the power of innovation in experimenting with money, in lots of new ways, using only others risk capital... without (them) taking any risks at all.

But, the brochure for bitcoin touts its inherent safety or security, and its inherent secrecy... paired with its immutability ?

Since the brochure first came out, though... the "secrecy" is proven an entirely "optional" feature... and one in which you do not control the option. The secrecy is not intrinsic to the function. The safety or security is also proven not different at all than it is in other digital transferable media, while the immutability seems purposed mostly to ensure that every transaction, ever, using "new money"... is permanently recorded, logged and filed for later scrutiny (if needed)... also ensuring (as certain to be needed) that every transaction on which a tax may be due will have that level of scrutiny, ensuring that tax will be paid... and... slippery slopes...

Musings on slippery slopes:

Banks are already moving on from the beta test... to designing their own cryptos... if only cautiously so far.

At the point they have them full up, they will pull the plug on the competition, based on some pretext.

Looks to me like it is "money" as re-designed by the NSA... but, "trust us"... the FISA court ensures we'd NEVER check your communications history... Nah. We just like to store... ehhhh.... everything... and, you know, never look at any of it... because... yeeeaahhh.... that's what we do... at massive expense... just to, ahhhh, you know... have it... in case....

And now.... they're allowing trading in derivatives based on bitcoin... ? And that makes sense... because... ??? Even though no one really knows... who created bitcoin... or how much bitcoin exists that is held by "early adopters"... or who they are ? So... as a transferable asset... its just like a bearer bond that's been melded to a verified wire transfer from a bank... only one that ensures you will never be allowed to know what bank it is that's backing it ? And, its one in which the value is a variable... controlled by the derivatives trade... which means... controlled by the derivatives TRADERS... pretty much like silver and gold are ?

So, its just another tool to enable manipulation by the banks... when that was supposedly EXACTLY what it was created to prevent, and avoid ?.



Hmmm. OK. Got it.

It has the certainty of counter-inflationary guarantees built into a certified "limited edition" status ? Because.... we've never seen that same thing done anywhere else before and fail ? Ooooohhh. Nice. I see its got a certificate of authenticity ?

And, with this thing... you can be just as sure of its permanent limits on issuance... as you can be that no computer anywhere, ever, can ever be hacked ?

Best of all... if they do change their minds about allowing it... they don't even need to make it illegal as a counterfeit, again... they can just turn it off... and filter it out of the flow...

But, as it is both "issuer-less" AND "un-backed"... ?

That makes it money that is "supra-national"... "above the control of nations"... also making it a globalists wet dream... as it also makes banks adopting it... "above sovereign control" ?

They want to use it... to bankrupt every country on earth... in hostile take-over of money ?

If you allow the banks, having already captured it through the derivatives trade.... to redefine the value of it because "the price went up" it means they can also re-value... and destroy... everything else as they wish ?

Looks like maybe its a scam... designed to dig the banks out of their post-2008 derivatives black hole... by running the price up... quickly balancing the books at the peak... then crashing it and pulling the plug ?

Designed as a game for traders... but only those adept in the "falling knife" trade... ?

/musing