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BANKS CONTROL BITCOIN AND BITCOIN CASH WE ARE BEING PLAYED

 
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thomas davison
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Joined: 03 Jun 2005
Posts: 3204
Location: northumberland

PostPosted: Sat Nov 25, 2017 2:05 pm    Post subject: BANKS CONTROL BITCOIN AND BITCOIN CASH WE ARE BEING PLAYED Reply with quote

NOV25 2017
SQUAWKER.0RG
I have come to see Bitcoin not as a currency, but as a form of value and rebellion against the central bankers and their overgrowing lust for power over our lives. Though fiat, just like every other currency, I saw a core energy of entrepreneurs, innovators, and everyday people sick of the same day, every day 9 – 5 monotony that separated Bitcoin from all of the other fear based fiat currencies.

Though I believe the concept of Bitcoin is unstoppable, I no longer believe Bitcoin itself will be the chisel that shatters the wall of centralization.

Banks have taken control of Bitcoin and all subsequent forks.

Central Banks Own the WorldThe drama we are now witnessing between Bitcoin and Bitcoin cash is a game where institutional investors are playing both sides, squeezing the average joe for everything they’ve got.

These past few days following the news that Bitcoin would no longer upgrade to 2MB blocks, we have seen the price of Bitcoin drop to almost $5,600, then suddenly surge back up to almost $6,800.

Bitcoin Cash went from just above $600 to nearly $2,500, then drop to nearly $1,100 in under 24 hours.

Miners profit regardless and merely switch over to the more profitable chain without skipping a beat – taking everyone else to the cleaners, which then feeds up the banking pipeline.

Bankers Control Bitcoin

Lightening network and SegWit derive from Blockstream, as well as many of the Bitcoin core developers, including Adam Back (President, Blockstream), Gregory Maxwell (CTO, Blockstream), Mark Friedenbach (Co-founder, Blockstream), Pieter Wuille (Bitcoin Core developer), Samson Mow (CSO), and Christopher Allen (co-author of IETF Transport Layer Security).

AXA Strategic Ventures is one of the core investors in Blockstream, having funded $55 million. They are the investment arm of French insurance giant AXA Group, who are well known for refusing to honor billions of dollars in insurance claims to Holocaust survivors for several decades.

AXA Group CEO Henri De Castries also happens to be the chairman of the Bilderberg Group since 2012. (source)

The Bilderberg Group represents the banking and government power elites who would have the greatest means (and the greatest motivation) to try and destroy or control Bitcoin.



At the same time, the most popular Bitcoin reddit, /r/Bitcoin, has become almost completely censored in the last few years and only allows pro-Blockstream related content.

Blockstream is against increasing the Bitcoin block size because their entire business model is based on creating sidechains which profit from a slow or expensive Bitcoin network.

Control the coders, control the narrative, implement their own code (SegWit) into Bitcoin, which then strips it of its digital signatures and thus creates a backdoor.

Bitcoin Cash IS NOT Decentralized


Bitmain, the all time global manufacturer of Bitcoin mining hardware was responsible for the creation of Bitcoin Cash and is now the dominant miner on the BCH network.

Excerpt from ZeroHedge:

Major bitcoin mines in China’s northwest are being given access to government supported low cost wind and solar power. Powering the computer servers needed to mine digital currencies is one of the biggest financial challenges that bitcoin miners face. The Peoples Bank of China (PBOC)’s logic here is easy to spot:

The more bitcoin miners who set up shop in the China, the greater the control the PBOC exercises over the global bitcoin market.

The PBOC is the central bank of China.

The Banking Tendrils Extend Deeper

Barry Silbert, Head of the Digital Currency Group (DCG), which was founded by the New York Federal Reserve and is now the sole owner of the Bitcoin Investment Trust (BIT) sits on the board of Blockstream.

Larry Summers, another Federal Reserve officer, also sits on the board.

DCG controls Blockstream, Ripple, ZCash, Coinbase, Bitpay, Civic, Kraken …

… Coindesk

According to Matt Corallo, one of the Bitcoin Core developers, DCG may be able to:

“shift significant value towards one cryptocurrency over another. As an investor in numerous bitcoin startups, DCG further has a strong incentive to encourage rule changes and adoption of cryptocurrencies that benefit their portfolio companies and their own operation. They may overrule changes that benefit the investors in the proposed [Exchange-Traded Product {ETP)].”

Could the Bitcoin War Have Been Preplanned?

Earlier this year, a closed door Satoshi Roundtable meeting took place in a secret location that many deemed the “Bilderberg meeting” of the crypto-world, which included representatives from all of these companies DCG controls.

This meeting also included executives from large financial operations such as IBM, World Bank, and Fidelity Investments …

Interesting to note that Coinbase and Fidelity are now teaming up … and will soon be accepting Bitcoin Cash.

DCG quietly pushes Bitcoin Cash.

Initially, SegWit2x was proposed by Barry Silbert (DCG) as a follow up solution to the Hong Kong agreement. Coindesk then began hinting at using BCH just before the August 1st SegWit implementation:

“In this light, some see Bitcoin Cash as a possible backup plan if SegWit2x goes awry before the block size parameter increase expected in three months.”

Then in the statement regarding the SegWit2x suspension:

“As fees rise on the blockchain, we believe it will eventually become obvious that on-chain capacity increases are necessary. When that happens, we hope the community will come together and find a solution, possibly with a blocksize increase.”

Conclusion

Now all of the drama and pumping and dumping over the last few days might make a bit more sense. In the coming days, if the narrative to switch over to Bitcoin Cash as the new Bitcoin begins to make headlines, you will know I am on to something. Even my last couple of articles fell victim to this bandwagon, as I too believed BCH was more in line with Satoshi Nakamoto’s original vision.

I was wrong.

I hate to say this, but I believe Bitcoin is lost.

The solution is to stop playing their game. Invest in the alt coin you believe can actually break us free from the chains of central banking.
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