Cryptocurrency

Cryptocurrency  (currency,  p2p,  COVID-19/Economy)
Interest of	• Daniel Bruno • Agustín Carstens • Dollar Vigilante • Nikolai Mushegian
Digital currencies with computer generated security protection. Called a WMD by American geopolitical analysts.

Cryptocurrency, sometimes called crypto-currency or (confusingly) just "crypto", is a form of currency that exists digitally or virtually and uses cryptography to secure transactions. Cryptocurrencies don't generally have a central issuing or regulating authority, instead using a decentralized system (e.g. a blockchain) to record transactions and issue new units.

Process

"In cryptocurrency networks, mining is a validation of transactions. For this effort, successful miners obtain new cryptocurrency as a reward. The reward decreases transaction fees by creating a complementary incentive to contribute to the processing power of the network". "Individual coin ownership records are stored in a digital ledger, which is a computerized database using strong cryptography to secure transaction records, to control the creation of additional coins, and to verify the transfer of coin ownership. Not reliant on any central authority, such as a government or bank, to uphold or maintain it draws people who favour anonymity. Bitcoin is pseudonymous rather than anonymous in that the cryptocurrency within a wallet is not tied to people, but rather to one or more specific keys (or "addresses")".

WMD

During the rise of computer mining farms with thousands of computers combined together (growing Bitcoin to a $60k US Dollar exchange rate), analysts such as Peter A. Thiel argued cryptocurrencies to be a Chinese WMD aimed at destabilizing the US, by making the cost of living too high for the average American, getting quoted in a large number of US corporate media.

Usage

Trade War

Full article: US-China trade war

Although the Cold War 2.0 concept was originally formulated with Russia in mind, China has emerged as a focus of the US Deep State. Controlled media focused on China's rapidly structural influence in technology, even being responsible with their state companies such as Huawei for securing European governments their vital ministerial departments.

As a result of the shutdown of many parts of the global supply chain, Taiwan came under scrutiny for being the de facto sole supplier of computer chips (or semiconductors specifically) for a wide variety of products.

Shortages for every product requiring computer chips, tariffs by the US & EU and increased tensions surrounding Taiwan and Hong Kong, caused prices for computer chips and similar components to skyrocket, making the world extremely dependent on a rapid recovery of the Chinese (or Asian) economy, fuelling tension between Asian and American consumers.

Ban

As bitcoin was blamed for the supply chain shortages - with millions of people in lockdown and computer data centres emerging "mining crypto" - China banned the mining or using computers their power to get cryptocurrencies in 2021, drawing attention from the WEF.

 

Examples

Page name	Description
Bitcoin	A cryptocurrency
CBDC	Blockchain hosted replacement for cash, run by central banks
Lightening network	Bitcoin micropayment protocoll

 

Related Quotations

Page	Quote	Author	Date
CBDC	“We intend to establish the equivalence with cash and there is a huge difference there, for example in cash we don’t know who is using a 100 dollar bill today ... the key difference with the CBDC is that the central bank will have absolute control on the rules and regulations that will determine the use regarding that expression of central bank liability and also we will have the technology to enforce that.”	Agustín Carstens	October 2020
Whitney Webb	“Bitcoiners should pay close attention to these developments as the DOJ in particular has attempted to paint bitcoin as the payment of choice for well-known terror groups like ISIS and al-Qaida, signaling that the working group proposed by this bill will likely seek to specifically target bitcoin. Adding to this concern is the fact that a slew of recent mainstream media reports — which cite Treasury and FinCEN officials, DOJ officials and CIA analysts — have claimed specifically that “terrorists are turning to bitcoin, and they’re learning fast”, that bitcoin is the “new frontier in terror financing”, and that “bitcoin is helping terrorists secretly fund their deadly attacks”. Even the prominent military think tank RAND Corporation has argued that “bitcoin and the dark web” are the newest terrorist threat.”	Whitney Webb	September 2023

 

Related Documents

Title	Type	Publication date	Author(s)	Description
Declaration of Currency Independence	declaration	May 2021	John McAfee	The main author, John McAfee, died mysteriously in jail the next month.
Declaration of Monetary Independence	declaration	2021	Mark Maraia Mike Hobart
Document:Silicon Valley’s Trump supporters are dicing with the death of democracy	Article	4 August 2024	John Naughton	Speaking to a Christian convention in Florida the other day, Donald Trump said: “Get out and vote. Just this time. You won’t have to do it any more. Four more years, you know what: it’ll be fixed, it’ll be fine. You won’t have to vote any more, my beautiful Christians.”

Many thanks to our Patrons who cover ~2/3 of our hosting bill. Please join them if you can.