Bitcoin – The Grand Deception

BATTLE FOR WORLD – March 2, 2018 (updated March 6): Bitcoin was created by American Intelligence according to the Russians, and it will one day replace the fiat US Dollar money scheme used currently in business and personal transactions. Bitcoin is called Dollar 2.0 by the Russians.

Crypto-currency is referring to money like Bitcoin, it is digital money. Things are moving ahead in that realm of currency, and the United States was the first out the door (in the theme of the internet, email, Tor, etc.) with the crypto-currency Bitcoin. Right now, Bitcoin is going through the first phases: popularization to spread its dominance, and now talks are moving forward about regulation. But regulation will probably not materialize quickly until there has been an extraordinary amount of abuses in the world of crypto-currency.

(According to a source about a decade ago, who was informed in the 1990s, that they can create money out of thin air. They had the mechanism where they could generate the digits of dollars inside the computer and the mechanism to translate those digits into the real world of money. It was something that they boasted about.)

The big problem Bitcoin has is that it is not accepted in many transaction exchanges because it is not a mainstream currency tender and this is because the digital currency is new as well as the concept and that is the reason for its popularization movement linking it to investment, means of exchange to avoid paper currency, etc. and the people are falling for the con/deception in the theme of investment with great returns.

If and when Bitcoin matures and become regulated which is the key, it will try to dominate the world when the US reshuffles its debt after the economic collapse and bring Dollar 2.0 online, the US Bitcoin- and peg it to oil transactions and other things like what is now done with the US Central Bank controlled fiat paper money the US Dollar. Bitcoin appears to be racing to become something global in the world governance currency transaction space.

And the big unanswered question is, after the economic crash, with regulation in place, will their be a revaluation of Bitcoin, returning less than what was purchased by investors? And as always, the elite investors with inside information will know when to quietly dump and get out of the current setup of Bitcoin before its revaluation and the ones who will see losses in profits are the low-level investors.

One thing that cannot be denied is that the Bitcoin Pied Pipers are out in force spreading the popularity of the digital currency and why you need to invest in some.

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Fake Flash updates upgrade software, but install crypto-mining malware

ENGADGET / BATTLE FOR WORLD – October 13, 2018: The article highlights that according to the cybersecurity firm Palo Alto Networks, it discovered a fake Flash updater that has been duping conscientious computer users since August. The fake updater installs files to sneak a cryptocurrency mining bot called XMRig, which mines for the cryptocurrency Monero. The cybersecurity researchers were searching the internet for fake Flash updates, and found Windows executable files starting with AdobeFlashPlayer.

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Dr. Doom says Bitcoin represents the ‘mother of all bubbles’

MARKET WATCH / BATTLE FOR WORLD – October 11, 2018: The article highlights that according to ‘Permabear’, the prominent Bitcoin detractor, Nouriel Roubini, blockchain is only as good as a spreadsheet. And Roubini, a professor of economics at the New York University Stern School of Business, has, not for the first, nor probably the last, time denounced the emergent technology that is blockchain and cryptocurrencies.

In a prepared testimony for a Senate Banking Committee hearing Thursday (October 11), the Turkish-born economist, known colloquially as “Dr. Doom” for his seemingly permanent bearishness, said digital currencies are the “mother of all bubbles” (BattleForWorld: Touché. Much of the cryptocurrency companies coming out of the West will merge, sellout, etc. and the only one standing likely to be the US intel created Bitcoin [also known as Dollar 2.0], until it has faded away after the US dollar transition and into the new order.) and, in fact, have entered an apocalypse.

Roubini goes on to say crypto-proponents have turned to blockchain, the underlying ledger technology that cryptocurrencies run on. “The new refuge of the crypto scoundrels is blockchain, the technology underlying crypto that is now alleged to be the cure of all global problems, including poverty, famines and even diseases,” his statement reads.

Roubini cited scalability issues and a lack of decentralization, the Bitcoin skeptic adds blockchain technology is “nothing better than a glorified spreadsheet or database.” And “scalability” refers to the ability of cryptocurrencies to process increasing volumes of transactions efficiently and has proved to be a significant roadblock to real-world use cases.

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Bitcoin bloodbath nears dot-com levels as many tokens go to zero

SFGATE – June 30, 2018: The article highlights that Bitcoin’s meteoric rise last year had many observers calling it one of the biggest speculative manias in history.

The cryptocurrency is seeing weakening demand, which is putting pressure on prices. “We’ve slipped back in terms of people that accept it, so the transactional network is smaller today than it was a year ago,” says Paul Johnson, senior adviser at blockchain consulting firm Harbor Peak. “We’ve got this speculative demand that’s gone away because FOMO’s gone”, according to Cheddar TV.

While bitcoin has bounced back from bigger losses before, it’s far from clear that it can repeat the feat now that much of the world knows about cryptocurrencies and has made up their mind on whether to invest. Bulls point to the Nasdaq’s eventual recovery and say institutional investors represent a massive pool of potential cryptocurrency buyers, but regulatory and security concerns have so far kept most big money managers on the sidelines.

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Bitcoin backlash as ‘miners’ stress power grids

SEATTLE TIMES – May 28, 2018: The article highlights that reduced electric rates are attracting digital currency entrepreneurs, but that three public utilities districts are reassessing how they deal with the surging demand of this new business, and whether they should even try to keep up. And that residential customers are in fear and worry that their rates might go up because of this trend.

(BattleForWorld: Years ago in the early stages of conserving energy, residents and businesses were being constantly blitzed with reminder about updating light bulbs, electronics and appliances that were energy efficient to save on electrical power usage. And at this juncture regarding how things are unfolding the question has to be asked if the energy utility companies were all in on the knowledge of the arriving crypto-currency businesses and that they would have to reroute energy demands from residents to start and expand the crypto-mining business sector.)

The article notes that entrepreneurs earn Bitcoin by decoding increasingly complicated mathematical problems established by the shadowy creators (BattleForWorld: The American intelligence community.) of the digital currency. The process, which the industry calls mining, involves trillions of computer calculations, 24/7 nonstop of electrical usage that sucks up huge amounts of power!

And as a result residents are starting to take note of what is going on and the trend. The article goes on to say that the public hearings for rural electric utilities were once rarely attended events, but that crowds are showing up in Wenatchee, Washington at hearings about Bitcoin mining in Chelan County where the gathering was so large that the utility staff had to open a second room with a video feed for the overflow.

And most certainly utility companies will be paying attention to all this drama about crypto-currency mining gobbling up massive amounts of electrical energy.

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Twitter Follows Google, Facebook in Ditching Cryptocurrency Ads

SPUTNIK NEWS – March 27, 2018: In the immediate footsteps of two major tech giants, Google and Facebook, the world’s top news and social media platform has announced an intention to curtail the rapidly evolving virtual currency segment in order to prevent fraudulent attacks on investors.

Twitter has stated it will put a ban on cryptocurrency advertising starting on Tuesday. It is set thereby to curtail the online promotion of initial coin offerings, or ICOs, which are now a popular way to raise funds.

“We are committed to ensuring the safety of the Twitter community. As such, we have added a new policy for Twitter Ads relating to cryptocurrency,” a Twitter spokesperson told CNBC Monday. “Under this new policy, the advertisement of initial coin offerings (ICOs) and token sales will be prohibited globally.”

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Russia Discussing Crypto Currency Regulation

PUP – March 6, 2018:  The work in the market of crypto-currencies is associated with certain risks, and therefore the state regulation of this sphere is necessary, the chairman of the State Duma Committee for the Financial Market Anatoly Aksakov opened the discussion. According to the instruction of President Vladimir Putin , the relevant laws should be adopted by July 1, 2018.

Two draft laws on the regulation of blockchain technology have been developed: the Central Bank has prepared a draft law on alternative ways of attracting investment (crowdfunding), the Ministry of Finance – On Digital Financial Assets. The documents establish the legal basis for the primary release of tokens (ICO) in Russia and regulate the turnover of the crypto currency, the implementation of the mining and ICO. And although the main positions on the regulation of digital money have already been agreed upon, there remains a key contradiction between the Bank of Russia and the Ministry of Finance on exchange operations with crypto-currencies, Aksakov said. “The Central Bank is against the legalization of this type of digital currency, since in this case, citizens can start actively investing in crypto-tools, not taking into account possible risks,” the deputy explained.

However, in addition to interdepartmental contradictions, there are comments on both documents from the Expert Council under the Youth Parliament under the State Duma. In particular, according to the draft law of the Central Bank, only commercial organizations and individual entrepreneurs can attract investments in crowdfunding. Because of this, non-profit organizations will not be able to attract investments, said Venera Shaydullina, senior lecturer of the Department for Legal Regulation of Economic Activities of the Financial University under the Government of the Russian Federation. Foreign start-ups that have registered a branch on the territory of Russia will not be able to participate in the process, since such representations, according to the Civil Code, are not legal entities. (BattleForWorld: Non-profit organizations like NGOs, the West would use crypto-currency to fund civil disturbances in countries. And Russia is drafting regulation to prevent that.)

As for the draft of the Ministry of Finance, the document establishes that owners of digital financial assets have the right to make transactions for the exchange of assets of one type to another only through the operator of the exchange of digital financial assets. “This rule prohibits barter transactions between legal entities and individuals, the subject of which is the exchange of crypto-currencies. It turns out that the initiative defines a token and a crypto currency as securities, “- explained the senior instructor of the Department of Legal Regulation of Economic Activity of the Finance University under the Government of the Russian Federation Nina Efimova. Such a norm, according to the expert, can lead to an outflow of investment from Russia, since most countries (the same Switzerland, Australia, Japan, etc.) do not prohibit such transactions. Therefore, experts propose to consolidate the conduct of barter transactions on the basis of contracts on civil legislation. (BattleForWorld: The “outflow” loophole is going to be exploited to the maximum in the unregulated Western world of crypto-currency.)

The future parliamentarians pay special attention to the mechanisms of state support. In their opinion, it is necessary to subsidize the participation of such projects at international exhibitions, placement on specialized online resources, the installation of international sites for crypto-investors. “We need to think about the legal mechanisms for the acquisition and sale of national currency (a conventional cryptor, validated by real ruble reserves with zero volatility relative to the exchange rate of the national currency as other property -” PG “comment),” Mostovshchikov added.

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Is the cryptocurrency market quietly dying out?

RT – April 1, 2018: The skyrocketing price of bitcoin gave rise to ethereum, ripple and other altcoins. However, the bullish market, which has spawned over 1,500 cryptocurrencies, has turned bearish, and some cryptos are imploding.

Bittrex, a major US-based cryptocurrency exchange, said it would remove a total of 82 altcoins from ‎its listings by March 30. The majority of the delisted alternative cryptocurrencies have broken blockchains, were abandoned by their developers, or were acknowledged as scams or pump and dump schemes.

Some of the de-listed coins have a multimillion-dollar capitalization. For example, neutron, which is now worth less than $5 million, peaked at $32.6 million in January. Sprouts, a cryptocurrency currently worth $3 million, was once pumped to the level of $60 million.

Bitcoin dominance on the cryptocurrency market, tracked by Coinmarketcap, is slowly growing again. At the dawn of cryptocurrencies, it had a more than 90 percent share in the market.

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Bitcoin Becoming Powerful

OIL PRICE – March 3, 3028 (posted ): Cryptocurrency may be one of the biggest threats to governments, security and the entire financial system that we’ve ever seen. And banks see it as their new Enemy No. 1 can’t be fought; it can perhaps be controlled. Banks have figured that out and are bringing crypto currency into the fold.

And this new financial system phase is seen as the new balance of power, funded by cryptocurrency.

“Bitcoin is the catalyst for crypto-mining the way emails were for the Internet. When we first heard about the Internet it was for the ‘dark world’, but with email, it exploded and became mainstream. Ethereum takes crypto-mining further with smart contracts,” Holmes told Oilprice.com

“Cryptocurrencies could become the new driver of international business and financial transactions, and that would be transformative, if not revolutionary,” says Dr. Makarenko, whose consulting firm advises Fortune 500 companies.

The U.S. might be of the same mind—broadly speaking, but it’s moving at a slower pace in the race to control the world’s new currency.

“The U.S. is rightfully concerned about cryptocurrencies, but like anything that may have a negative impact on national security, there are way too many stakeholders that need to be brought to the table to discuss, so the U.S. is not capable of acting quickly,” Dr. Makarenko told Oilprice.com.

“The right conversations are taking place, but at the end of the day, it is in the U.S. interest to secure the value of the global position of the dollar.” Cryptocurrency is stateless, and that is its real power. It can be regulated, but not enslaved.

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Gold Vs. The U.S. Dollar. Move over US Dollar, it’s Bitcoin’s turn, also known as Dollar 2.0 by the Russians

BATTLE FOR WORLD – March 3, 2018: When elite investors and analysts appear on corporate media they will tell you that the U.S. dollar is the global flight-to-safety currency of the world and they will laugh at those who buy gold.  And some will even refer to the US Dollar as the new gold standard.

But something strange is emerging, many have switched out the US Dollar in their speaking and are now recommending Bitcoin as the new gold standard. I do not know if many have caught the change – the switch bait.

GLOBAL BALANCE: “In essence, the dollar is like the gold standard. Most global contracts, especially those for oil, are denominated in dollars. Many large economies, such as China, Hong Kong, Malaysia and Singapore, peg their currency to the dollar. When the dollar weakens, so do the profits of their exporters. These countries also hold large deposits of U.S. Treasurys. In theory, they could sell their holdings and cause a dollar collapse.”

FINANCIAL POST: “the “flight to safety” of the last four years was uniformly perceived to be U.S. bonds, the real negative yields (though nominally still at 1.6 per cent for the ten-year U.S. treasury) has catalyzed a sell-off in bonds and U.S. stocks.  Bitcoin’s value proposition is similar to gold’s. More can only be created by mining. And similarly to gold, mining bitcoin is limited to the rate at which the underlying equations and algorithms yield more bitcoin. It’s reliant on computing power. To me, bitcoin is just a technology-based fiat currency.”

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Expect to see a revaluation of bitcoin: Former director of the U.S. Mint

BNN – March 3, 2018: Edmund Moy, former director of the U.S. Mint, joins BNN to discuss the rise of bitcoin and blockchain technology. Note: Video interview at link.

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Global Currency Reset. Revaluation of Currencies- Historical Overview Of Currencies

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Icahn dumps $31 million in steel-related stocks before White House tariff talks

THINK PROGRESS – March 3, 2018: Billionaire investor and longtime Trump confidant Carl Icahn dumped $31.3 million of stock in a company heavily dependent on steel last week, just days before Trump announced plans to impose steep tariffs on steel imports. The filing came just seven days before a White House event where Trump announced his intention to impose a 25 percent tariff on steel imports. (BattleForWorld: How did an elite investor like Icahn know when to quietly dump his steel investment before the stock drops? The decision was very timely. Maybe he’s probably psychic. Chuckle.)

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