Cryptocurrencies: The Unfolding Fiat Digital Scheme

from The Daily Coin:

The feature image (on the left) is a depiction of Satoshi Nakamoto. We think it’s the person in the middle, because he looks “active” but we’re not sure which image was tied to “him” so we just used several. You can decide which image actually represents Satoshi.

When I wrote the  three part series detailing how the banksters could potentially unleash the next level of enslavement through cryptocurrencies I hadn’t even discovered ACChain. Two months later we find out that ACChain is unfolding right now – it is here and it is growing, daily. Quantum computing is here.

Now we find that some of the most respected voices in the alternative economic/financial analyst space are turning towards a new type of illusory, fiat wealth and proclaiming it will “save us from the banksters”. The magic bullet has arrived and we should all jump on board. Sounds like something a bankster would hope we would do with their latest pile of derivatives nonsense.

A ghost, “named” Satoshi Nakamoto developed bitcoin – no one knows if this is a person, a tadpole, a group of people, a space alien or an NSA/CIA operative, but, it is accepted, on blind-faith, that it is a person, a man of Japanese origin. This story, which is akin to a fairy-tale because it is only a story since no one has ever seen this “person” or provided any photographic evidence or any published works outside of the bitcoin illusion. I am suppose to believe “he” gave us the keys to the kingdom that will “save us from the banksters”. Is this the story that I am suppose to believe and place my families wealth and security in this mechanism? Seriously?

Andy Hoffman, during a recent interview stated he “will never do another interview with people that believe in conspiracy theories” while he, and all the other bitcoin fans, believe in the fairy-tale spelled out above. Never mind the fact the NSA, in conjunction with MIT, produced a white paper in 1996, spelling out how an anonymous cryptographic currency could circumvent the current cash system. This was a full 12 years ahead of Sat-on-sushi’s white paper explaining bitcoin. Never mind the fact, as The Daily Economist pointed out, Sat-on-sushi’s white paper just happened to hit the wire during the 2008-2009 economic meltdown, actually being released on Halloween 2008. Personally, I gave up on coincidences decades ago.

In 1996 the NSA (that’s right, a government agency) published a White Paper titled, HOW TO MAKE A MINT: THE CRYPTOGRAPHY OF ANONYMOUS ELECTRONICCASH.  And in this white paper, analysts and researchers laid out the entire breadth and scope of replacing cash and other fiat currencies with a completely digital one, based on anonymous cryptocurrencies.

And they did this 12 years before the anonymous ‘Satoshi Nakamoto’ published his/her White Paper on the very eve of the financial collapse. Source

Stating that a fellow analyst’ work is  “a dime a dozen” [at the 28:20 mark] doesn’t really shine an appropriate light on the alternative economic/financial analyst community. Most everyone is doing the best they can to present factual, alternative viewpoints and analysis that dispel the continual stream of lies, deceit and propaganda we are sold as truth by the mainstream media. Not really a confidence builder when we are discussing our wealth and the financial security of our families. To attack one is to attack all, including the one speaking. I feel the work I do is worth far more than a dime-a-dozen.

One of the more disturbing revelations over the past several months is how once tried and true hard asset advocates have suddenly become a voice for a new digital illusion of wealth. Cryptocurrencies “value” are derived from the fiat currencies of financial enslavement like the Federal Reserve Note, Japanese Yen and Euro. I must have missed something along the way as I have been under the impression these were completely worthless scripts, printed out of thin air and backed by nothing more than “faith and credit” – translation – “faith means you believe in something that can not be proven and credit is the ability to take on more debt”. Dave Kranzler explained this to me one day and it seems to fit pretty nicely.

The first question Sean ask during the interview is – “What is our cause?” For me, this is an extremely important question. One that each of us should ask ourselves everyday, especially, the people discussing economics, finance, money and currency with a wider audience.

I am so sick of FUD [fear, uncertainty, doubt]. I am so sick of conspiracy theory. I am so sick of BS that goes on. It stops the ability for people to save themselves with honest money and the same goes with bitcoin. I’m not proselytizing. I’ve been the one bridge between precious metals and bitcoin. I follow the bitcoins saga for; I’ve been an owner for two years and learned as much about bitcoin as I have about precious metals and I understand how it works. I don’t need to watch a video to know it’s ridiculous [refering to the interview with SGTReport and Lynette Zang about ACChain].

If a person builds a financial bridge, a safety-net, and one pillar of this bridge is a digital illusion, backed by faith and credit and the other is money – actual money, not fiat currency, how stable will that bridge be once it is complete? Gold is money and everything else – everything else – is credit. “Everything else” would include bitcoin or any other cryptocurrency not backed with physical gold and even gold-backed cryptocurrencies, in my opinion, are suspect.

Read the rest of the article @ TheDailyCoin.org