With Bitcoin and Ethereum on the tip of everyone’s tongue I wanted to sit down with my friend Crypto Rich to discuss what I feel are the two areas where both of these behemoths fall short, governance and privacy.
Governments are moving into hyperinflation of not just their money supplies but also their surveillance powers, which is what they are spending a lot of that newly printed money on. Rich and I delve into the BPSAA, the recent meteoric rise of Pirate Chain and where the industry is headed along that front as well as the pros and cons of he current state of the Decentralized Finance, DeFi, space.
Show Notes:
Luongo
The Central Bankers are Coming, The Central Bankers are Coming…. for your Bitcoin!
Bitcoin, It’s Not a “Real” Truck
Crypto Rich
YouTube: https://www.youtube.com/c/CryptoRich
BitTube: https://bit.ly/bitubevideo
Odysee – https://bit.ly/odyseecryptorich
Youtube – http://bit.ly/youtubecryptorich
Telegram: https://t.me/cryptorichofficial
Twitter – https://twitter.com/CryptoRichYT
Lbry – https://bit.ly/cryptorichlbry
Major Projects Mentioned:
Pirate Chain
Komodo
Waves
DigiByte
Previous Episodes:
Podcast Episode #71 — Patron Q&A #2 – Will Crypto Save the World from the Great Reset?
Podcast Episode #70 – Ryan Cristian and the Censorship of the World We Want
Podcast Episode #69 – Alistair Crooke and the Costs of Civilizational War
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Beyond the few million they pay Snowden each year to keep reminding us all about the mythical data centres, I don’t imagine the Deep State spends any money at all on surveillance. A cosy backdoor into Amazon, Google, Apple, Twitter, Facebook and Netflix gives them all the data they need, which is why they prop them up. They just need us to believe in the MDC so we keep handing over our data to their proxies and Congress keeps handing over the billions (I wonder who gets that money cough economic hitmen cough?)
And the opening shot has been fired in the war on private crypto – all they had to do was remind Elon about his lovely taxpayer subsidies and he dropped crypto 10% in a day for them.
And the narrative reversal in the mainstream media is getting underway.
How much damage will they have to do to convince the Millennial Horde to start bleating about their losses and demanding oversight, so they can club it like a baby seal and launch their CBDC (Diem?)
“Private crypto is too volatile, too useful to criminals and too unsafe for investors. We are announcing a 30-day private crypto amnesty and then it will be outlawed”
However much you think it will be it will be twice that. But at some point the narrative heroin loses its kick.
The fight is just beginning
The beginning? The beginning of the end more like.
This has been going for a decade – time they have spent laundering their invention out in the private sector, suckering in as many dupes as they can to legitimise it for them and enthral the masses with CNBC fawning all over it.
Now there are enough people involved, they can cripple it and allow the cries of pain to justify their intervention, and then stampede us all into THEIR version.
It’s just judo – use your enemy’s weight against him, to drive your own strategy.
They have used HODLers as a Trojan Horse – HODLers have popularised crypto and now CBDC (Diem?) will come pouring out into the world through the breach.
Sorry Tom – I wish it were otherwise, but this is not your revolution.
It’s theirs.
Another hack I see, with the supposed hackers paid in Bitcoin?
And Binance under investigation?
You’re being slimed Tom.
Read the bbg article closely. The headline is bs. Binance is working with the DoJ to find money laundering. You are being gaslit Ivor
Yes of course the headlines will all be BS.
None of what they say will be true – the key issue is not that they will tell us the truth, but that the sliming has begun.
And that most people will believe it enough for their intervention to seem justified.
Just like Satoshi, Darkside are almost certainly a front for Deep State operations.
The sliming of private crypto is ratcheting up.
https://www.marketwatch.com/story/bitcoin-extortion-how-cryptocurrency-has-enabled-a-massive-surge-in-ransomware-attacks-11621022496
The Deep State tricked HODLers into developing monetary weapons of mass destruction for them, and the HODLers don’t yet have the wit to understand that they are become Monetary Death – The Destroyers of the World.
Cryptocurrency has been IP-laundered.
My view is they rolled out Bitcoin to get this into mass popularity. Their plan was then to get rid of Bitcoin and promote other, better (for them) cryptos. To their horror, people like Bitcoin and it has gained network effect. This is how history is written. There are often amusing side effects that change the trajectory and create new branches of historical deliciousness. I have my Bitcoin and my popcorn. Ready for the fight.
Fair enough Cornelius. I too have both bitcoin and popcorn at hand. It would be hilarious if they created it only to have it be more effective than their real virus at spreading. :)
Bitcoin I think is probably best understood as a spectacle, a drama, a phenomenon. It has its fans and it has its critics. It has its faithful and its skeptics. And it may be unique in being the first financial instrument tradable strictly on the basis of its technical indicators while appearing at least in principle to exist entirely detached from any fundamental indicators.