Trump: Not a fan of Bitcoin (which is not money)

[Swordsmyth]

Admittedly it's damn close..

Exchange the C for a K, and add a missing A.

Both "a"s are there and so is the "k".

 

[Swordsmyth]

Trump is right to warn people away from it even if he can't tell the real reasons why:

[h=3]Do Rothschilds Control Cryptocurrencies?[/h]

[h=3]EXPOSED: The real creator of Bitcoin is likely the NSA as One World Currency[/h]

 

[dannno]

Both "a"s are there and so is the "k".

There are three a's, so it's still missing an a, but you're right the k is there.

 

[Swordsmyth]

There are three a's, so it's still missing an a, but you're right the k is there.

You're right, devil spelled it with an "e" instead of the 3rd "a".

Satoshi Nakamoto

Could it be a transliteration difference?
Japanese doesn't use the Roman alphabet.

 

[dannno]

You're right, devil spelled it with an "e" instead of the 3rd "a".

Satoshi Nakamoto

Could it be a transliteration difference?
Japanese doesn't use the Roman alphabet.

I'm guessing the guy who invented bitcoin, his name was not Satoshi Nakamoto. But he believed in his exhaustive writings on the subject of the federal reserve system, and the control of money by the banks. He may well have loosely transcribed the name from the cover of that magazine as a way to take a shot from his proverbial cannon against the banking elite who wished to institute a global one world government and controlled single global currency.

So it may not have been "predictive".

 

[Swordsmyth]

I'm guessing the guy who invented bitcoin, his name was not Satoshi Nakamoto. But he believed in his exhaustive writings on the subject of the federal reserve system, and the control of money by the banks. He may well have loosely transcribed the name from the cover of that magazine as a way to take a shot from his proverbial cannon against the banking elite who wished to institute a global one world government and controlled single global currency.

So it may not have been "predictive".

And it just is a coincidence that it means Central Intelligence?

 

[dannno]

And it just is a coincidence that it means Central Intelligence?

https://steemit.com/bitcoin/@decentro/satoshi-nakamoto-a-comprehensive-translation-of-an-enigma

 

[UWDude]

And it just is a coincidence that it means Central Intelligence?

Alex Jones told Joe Rogan He Refused $5M to Pump Bitcoin by Soros Associates.

I knew someone personally who was heavy into crypto, trying to get me to buy, and this gave me great pause when I heard it on the podcast that same week.

Also, that person had lost tens of thousands on "Scam" sites, on two different occasions.

Both times, the sites were shut down as scams by the US government, and all his bitcoin were lost.

"Hmm..." I said "they said it was a scam, you never got your bitcoin, the government seized the bitcoin, but they never really said what the scam was?"

This guy was really into alt-coins. So I started to look into etherium based coins, one in particular I am still interested in.

The reason I was interested in it, I'll not go into here, but lets just say I saw the value of authentication of digital assets.
But then I thought I could just as easily create my own token chain, for my own project, and use that for authentication and perfect ledger.

And in the end that is why I decided not to get into crypto. It is great for an unbreakable ledger, but there just is no reason for it to have any value, IMHO.

If I make my own chain, I will provide the value, via what I create, and that could be sold or traded for whatever currency anybody wanted.

 

[UWDude]

Back on topic,

Trump says "bitcoin bad, Libracoin good."

Trump also says "AOC bad, Pelosi good. "

I know why he said the second, for sure.

 

[dannno]

Back on topic,

Trump says "bitcoin bad, Libracoin good."

Trump also says "AOC bad, Pelosi good. "

I know why he said the second, for sure.

He didn't say libra coin was good.

 

[UWDude]

He didn't say libra coin was good.

whew, thank you. I re-read what he said. Now I am not so confused.

 

[Zippyjuan]

Back on topic,

Trump says "bitcoin bad, Libracoin good."

Trump also says "AOC bad, Pelosi good. "

I know why he said the second, for sure.

Trump said that if Facebook wants to come up with their own currency they need to form a proper bank and comply with all the regulations of a bank. He did not say Libracoin was good.

 

[Zippyjuan]

Whatever. The letters are right there. And the Economist is known for coding stuff into their covers.

You just have to fold it in a certain way and then change every third letter to a different one and then re-arrange it. It is so obvious! You can't see it?

Curious, have you read the actual article or just seen the cover?

For those interested: https://altcoopsys.org/wp-content/uploads/2017/01/ArticleEconomist1988GetReadyforthePhoenix_001.pdf

It calls for one central bank controlled money deciding fiscal policy for all countries- eliminating economic borders.

 

[Pauls' Revere]

Not sure I am a " fan " either because it is not money which makes it as least as good as FRN's . I will sell mine when it hits 1 million . Until them I am still all in on land , weapons , ammo , lead , copper , nickel , aluminum , silver , gold , tools , parts etc

just curious, what do you use for liquidity? Thanks.

 

[Pauls' Revere]

Except anybody can create their own blockchain, with their own rules.
So assigning value to it because it is a "perfect ledger" doesn't really mean anything.
It is as much a currency as sea shells or summer camp beads, is my current feeling on it.

But when they regulate a chain:

https://news.bitcoin.com/fedcoin-u-s-issue-e-currency/

In “Some Thoughts on Fedcoin – a Fed backed cryptocurrency” (March 9, 2015), Albert Szmigielski suggests, “[T]he Fed should premine all the currency that they want to issue on a blockchain….A premine happens where all (or part of) the cryptocurrency is issued in the first block, the genesis block. Then the Fed would just exchange the fedcoin for a dollar each.”

In the article entitled “Fedcoin” (October 19, 2014), J.P. Koning speculates, “The Fed would create a new blockchain called Fedcoin. Or it might create a Ripple style ledger by the same name. It doesn’t matter which. There would be an important difference between Fedcoin and more traditional cryptoledgers. One user—the Fed—would get special authority to create and destroy ledger entries….The Fed would…provide two-way physical convertibility between both of its existing liability types—paper money and electronic reserves—and Fedcoin at a rate of 1:1.”

https://moneywise411.com/executive-order-6102-fedcoin/

 

[oyarde]

just curious, what do you use for liquidity? Thanks.

Oh , I keep some cash . Equivalent to what some might call an emergency fund . rarely more than 5K though . At that point I would be buying more land , ammo, fruit trees , equipment or silver etc and if I was young a few shares of a few stocks maybe. I have a new roof , windows , doors so basically no need for me to ever keep more than a furnace or central air replacement or property taxes for six months or a year would cost.

 

[Pauls' Revere]

https://medium.com/cryptomuse/how-the-nsa-caught-satoshi-nakamoto-868affcef595

Using stylometry one is able to compare texts to determine authorship of a particular work. Throughout the years Satoshi wrote thousands of posts and emails and most of which are publicly available. According to my source, the NSA was able to the use the ‘writer invariant’ method of stylometry to compare Satoshi’s ‘known’ writings with trillions of writing samples from people across the globe. By taking Satoshi’s texts and finding the 50 most common words, the NSA was able to break down his text into 5,000 word chunks and analyse each to find the frequency of those 50 words. This would result in a unique 50-number identifier for each chunk. The NSA then placed each of these numbers into a 50-dimensional space and flatten them into a plane using principal components analysis. The result is a ‘fingerprint’ for anything written by Satoshi that could easily be compared to any other writing.
NSA

The NSA then took bulk emails and texts collected from their mass surveillance efforts. First through PRISM (a court-approved front-door access to Google and Yahoo user accounts) and then through MUSCULAR (where the NSA copies the data flows across fiber optic cables that carry information among the data centers of Google, Yahoo, Amazon, and Facebook) the NSA was able to place trillions of writings from more than a billion people in the same plane as Satoshi’s writings to find his true identity. The effort took less than a month and resulted in positive match.

This wasn’t the first time efforts had been made to unearth the identity of Satoshi using stylometry. Various reporters and members of the Bitcoin community have used various open source stylometry tools to attempt to uncover the true identity of Bitcoin’s creator. Their problem? They didn’t have access to trillions of emails from a billion people and they weren’t able to plug them into a supercomputer. The NSA’s proprietary software, bulk email collection ability, and computing power made it possible for them to conclusively identify Satoshi.

But why? Why go to so much trouble to identify Satoshi? My source tells me that the Obama administration was concerned that Satoshi was an agent of Russia or China — that Bitcoin might be weaponized against us in the future. Knowing the source would help the administration understand their motives. As far as I can tell Satoshi hasn’t violated any laws and I have no idea if the NSA determined he was an agent of Russia or China or just a Japanese crypto hacker.
Your words are your fingerprint

The moral of the story? You can’t hide on the internet anymore. Your sentence structure and word use is MORE unique than your own fingerprint. If an organization, like the NSA, wants to find you they will.

 

[UWDude]

thats always been the case. unabomber got caught with "eating your cake and having it too"

 

[jmdrake]

No biggie. This is just Trumps way of telling us he actually likes bitcoin but can't come out and say it due to the many threats on his life that he gets on a daily and weekly basis.

LOL

 

[jmdrake]

https://steemit.com/bitcoin/@decentro/satoshi-nakamoto-a-comprehensive-translation-of-an-enigma

Are you on Steemit?