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★ Bitcoin & Cryptocurrency

Bitcoin & Cryptocurrency: see Computer & Internet & Currency & Money & Business & Economics & Capitalism & Corporation & Company & Credit & Stocks & Dollar & Coins & Market

Cartoon - Satoshi Nakamoto - Max Keiser - The Corbett Report - Panorama TV - Bitcoin: Beyond the Bubble TV - The Bitcoin Gospel 2015 - The Bitcoin Phenomenon 2014 - Tyler Winkevoss - John McAfee - Rick Falkvinge - Nassim Taleb - Bitcoin: The End of Money As We Know It 2015 - Banking on Bitcoin 2016 - The Bitcoin Billionaire’s Club TV - Jeff Booth TV - Brad Michelson - Dark Web TV - World Economic Forum online - The Unexplained with William Shatner TV - Cryptocurrency: Has the Bubble Burst? TV -    

 

 

Daughter on daddy’s lap: Daddy, what did you do, as the world was going to shit in 2022?

 

Daddy: Bought Bitcoin like a psychopath.

 

Boy with toy soldiers: Fucking legend.  Cartoon, tweet 15 June 2022  

 

 

It might make sense just to get some in case it catches on.  If enough people think the same way, that becomes a self-fulfilling prophecy.  Satoshi Nakamoto  

 

 

We must continue to educate the masses and encourage savings in Bitcoin to truly drain the kleptocratic swamp ruling our financial system.  Max Keiser

 

 

Yes, the block chain is truly revolutionary.  Yes, Bitcoin is Tulipmania 2.0.  Yes, cryptocurrency is a nail in the coffin of the bankster parasites.  Yes, digital currency is a tool of the totalitarian tyrants.  No, these statements are not contradictory.  The Corbett Report, The Bit-Coin Psy-Op, James Corbett online 2018

 

Bitcoin is a peer to peer cryptocurrency whose transactions are recorded in a public block chain ledger.  ibid.  

 

 

Bitcoins made some people very rich indeed.  At least on paper.  For some investors here it’s a rollercoaster ride as values plunge.   Panorama: Who Wants to be a Bitcoin Millionaire? BBC 2018

 

Behind the hype we uncover a plain old-fashioned scam.  ibid.

 

If you had bought £50’ worth of Bitcoin at the beginning of 2011 it would now be worth more than £1,000,000.  ibid.

 

And wherever there’s the promise of gold there’s also those who want to exploit the prospectors.  ibid.

 

 

1999: ‘The one thing that’s missing that will soon be developed is a reliable e-cash.’  Bitcoin: Beyond the Bubble, 2018, Milton Friedman

 

Beneath all the hype and hysteria lies what could be the most important technology of our lifetimes.  ibid.

 

It’s a digital currency, much like the electronic currency we use today.  But it’s also the payment network which facilitates the transfer of this new digital currency from one person to another.  ibid. 

 

The Bitcoin network is decentralised.  ibid.

 

All Bitcoin transactions are crytographically verified by thousands of computers on the Bitcoin network.  ibid.

 

Bitcoin hits $11,000 as cryptocurrencies fuel renewed interest. ibid.  RT news header

 

Bitcoin jumps 1,000% this year.  ibid.  CNN news header

 

 

Welcome to a world in which we can be our own bank.  We take it for granted that money creation is controlled by governments and banks.  But there’s a community of people who don’t see this as a given and who get quite worked up about it.  This community is switching to what they think is a better monetary system.  The Bitcoin Gospel, VPRO 2015

 

‘It is not a system based on debt.  It is a system based on ownership.’  ibid.  Andreas Antonopoulos

 

Proponents speaks passionately about a digital miracle that can save the world from financial ruin.  The Bitcoin story starts off like a gospel revelation.  ibid.

 

The block-chain technology: a global open ledger which can be used to share much more than just money.  ibid. 

 

 

‘Bitcoin is cash for the internet, so it’s a new kind of money and it’s also a payment network.’  The Bitcoin Phenomenon, SQ1 2014, Gavin Andresen, Bitcoin lead developer

 

‘It is the protocol for money on the internet.’  ibid.  expert  

 

 

We have elected to put out money and faith in a mathematical framework that is free of politics and human error.  Tyler Winklevoss  

 

 

It will be everywhere and the world will have to readjust.  World governments will have to readjust.  John McAfee

 

 

Bitcoin represents a significant threat to the currency domination of the USA, which is the only thing propping up the nation’s status as a worldwide superpower.  Rick Falkvinge, founder of first Pirate Party

 

 

Bitcoin is the beginning of something great: a currency without a government, something necessary and imperative.  Nassim Taleb, author

 

 

The price bounced back within days.  Bitcoin: The End of Money as We Know It, 2015

 

There is no governing body and it’s available to everyone.  ibid.

 

A cryptocurrency is created by a global network of computers that communicate via the internet: this set up is known as miners.  ibid.

 

All the transactions are kept on a public ledger called the block-chain.  ibid.

 

There is nothing in our history that compares.  ibid.

 

 

The first Bitcoin was created on 3 January 2009.  Banking on Bitcoin, Netflix 2016

 

‘This is a monetary revolution.  Bitcoin is the honest currency.’  ibid.  enthusiast

 

‘I’ve been working on a new electronic cash system that is fully peer to peer, with no trusted third party.’  ibid.  Satoshi Nakamoto

 

[Ben] Lawsky opens a firm to consult Bitcoin companies navigating the BitLicense application process.  ibid.  

 

 

Today, technology means anyone can become a porn star.  Cryptocurrencies are creating some unlikely billionaire.  And one barrel-clip can make you famous overnight.  The Bitcoin Billionaire’s Club, Channel 4 2019  

 

I’m meeting the extraordinary people behind this digital revolution … I’m travelling to Puerto Rico.  Where a Bitcoin billionaire and his followers are trying to create a radical new community.  Puerto Rico is a US territory in the Caribbean.  ibid.    

 

‘Invest now.  Before it’s too late.’  ibid.  crypto dude   

 

The Garden of Eden: and it’s a community living off the grid.  The city he wants to build here in Puerto Rico will be called Garden of Eden 2.0.  ibid.

 

 

Transitioning from an inflationary world to a deflationary world – people should be scared.  There is going to be disruption and that disruption is coming no matter what.  There is nothing fundamental that governments can do to stop the rate of technology progress.  Jeff Booth, interview The Keiser Report August 2020, author The Price of Tomorrow: Why Deflation is the Key to an Abundant Future

 

You have technology moving at an exponential pace driving prices down, and governments all around the world [are] caught in an inflationary trap that they created themselves our of monetary policy, fighting that force.  And I would ask a simple question – isn’t it good when the value of your money goes up, and prices go down?  ibid.   

 

The abundance of technology would be broadly distributed.  ibid.  

 

It’s not going to go on for ever no matter what … It doesn’t matter until it does.  One giant thing they miss that this is they assume a reserve currency goes on for ever, right, and you can just keep printing and people just trust in your currency.  ibid.   

 

What if a country, let’s say China, created a currency and decided to keep on printing for ever, and they used the currency and they used it to buy the world? … Would we trust that currency?  ibid.   

 

And so you can see from that thought experiment that if you just keep on printing money, people lose faith in your currency, and so you don’t have a reserve currency any more.  So there’s a whole bunch of people like I think are like brainwashed in this ‘debt doesn’t matter’, that this can go on for ever.  And it’s going to happen gradually … There is nothing that can that stop this.  We are going to have deflation for sure.  Structurally, technology requires it.  The path to get to deflation could end up through hyper-inflation first – currency default, debt default – it could happen a whole bunch of different ways but we are going to have deflation anyhow.  ibid.   

 

The concentration of wealth because you’re fighting a natural force – Capitalism can’t work, right, so effectively the Government is the market today.  Free market principles don’t work any more.  ibid. 

 

Deflation we’ve never seen in our lifetimes.  What if next year everything around you got cheaper?  All it does is increase the value of your savings, and decrease the value of your assets.  ibid. 

 

Why do you think the top five technology companies are at historic heights?  ibid.                 

 

Everybody knows it.  ibid. 

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