How Cryptocurrency Is Destroying The Jewish Globalist Banking Cartel

Gentlemen, I do not speak lightly when saying that cryptocurrencies such as Bitcoin, Ethereum, and File Coin, are the biggest financial revolutions since the creation of paper currency. If you’ve been keeping up to date with the financial markets, you’ve likely heard CNN, MSNBC, and the other fake news media outlets claiming Bitcoin is in a bubble, that it’s unsafe, not secure, and other lies.

I’m here to tell you that cryptocurrencies are not only going to revolutionize the entire world, but they’re going to bring power back to the people, make a new class of millionaires, and put an end to the corrupt global cartel of bankers, who’ve long preyed on our country’s economy.

Bitcoin: Destruction of The Globalist Elite

cryptocurrency bankers

The cryptocurrency market is completely disrupting the IMF, Federal Reserve, and globalist banker elite. First, you need to understand that Bitcoin is a peer to peer digital transaction system.

In other words, there’s no middle man, as there is with an ACH, wire transfer, credit purchase, or cash purchase. In addition to this, cryptocurrency can be stored in a number of ways, such as on a portable flash drive, or on the cloud. While these two characteristics of cryptocurrency may seem insignificant, they’re actually going to completely revolutionize Western Civilization for the better.

With no middle man, the bank can’t take their 5% fee for transferring your money. They also aren’t required to hold your money, meaning that they can’t operate based off of the fractional reserve system, and give out billions, even TRILLIONS in faulty loans, which destroys the economy (like it did in 2008).

Furthermore, Bitcoin is mostly anonymous, meaning that it’s hard to be tied to any name or what it’s used to purchase. If you use a VPN or the Tor browser while purchasing something with Bitcoin, as many dark web drug dealers did, the government can’t even identify the location of your transaction.

This means that Bitcoin, among other digital currencies, are 100% tax free. No government, no bankers, no middle men. For centuries, the bankers have thrived off of debt and printing currency, but with Bitcoin, this is impossible. There is a built in algorithm designed to make the expansion of Bitcoin’s supply slowly decrease, until it becomes equal to the rate of loss (forgetting passwords, losing hard drives, etc).

Can The Government Regulate It?

cryptocurrency bankers

No. Several governments have tried to regulate it, and they will like continue trying to regulate it, but due to Bitcoin’s peer to peer transaction system, it’s virtually impossible to track or regulate. The government can’t print it, they can’t loan it, and they can’t tax it—which the globalists despite.

They’re terrified of Bitcoin and other cryptocurrencies, which is why they’ve ignored it for so long. When it began making people literal multi-millionaires in 2015 and 2016, however, a number of activists such as Andreas Ontonopoulos and various Silicon Valley executives began to spread awareness.

The fake news media was forced to address it, but they did so reluctantly. They’ve made it seem like cryptocurrencies are a fad, a thing that kids are trading for some quick cash, but that will fade out of popularity. They’ve pushed the idea that Bitcoin is a dangerous investment, it’s too volatile, and it’s in a bubble, and they’re doing everything they can to stop it from gaining popularity… but they’re failing.

The people have, and will, always find a way to ensure their own freedoms. Whether it be by using IP-masking software or even trading cryptocurrencies in person via flash drives, there will be a way.

It’s Not Just Bitcoin (Ethereum, Lite Coin, and more…)

cryptocurrency bankers

As a testament to the public’s faith in Bitcoin, hundreds of other cryptocurrencies have emerged, creating a rich ecosystem of peer to peer, digital currencies that can be used for a multitude of purposes.

Ethereum, which is often called Bitcoin 2.0, is the next big player—similar to Bitcoin in that it’s digital, peer to peer, and has a controlled growth rate to minimize inflation, there’s one thing that distinguishes it from its peer.

It’s on a block chain. In layman’s terms, this means that it’s part of a global, decentralized infrastructure that easily allows developers to create markets, store registries of debts and credits, create contracts, and more. In other words, it’s the developer’s best friend.

Many games, such as League of Legends, are playing with the idea of accepting Ethereum for in-game skins, boosts, and new characters—even sports organizations have been toying with this idea, where sports fans across the US could use Ethereum to bet for or against various teams, which require a contract (Bitcoin cannot do this).

When the public caught wind of this revolutionary new technology, Ethereum shot up from around $10 to nearly $400 in a matter of 5 months. This whopping 4,000% increase has made teenage nerds and seasoned investors alike the new wave of millionaires.

And it’s just beginning.

Stratis: How to Gain 35,000% in Less Than a Year

cryptocurrency bankers

Another example of public faith in cryptocurrencies is Stratis, a coin compatible with C#. The coin’s programming compatibility makes it easy for developers to create a rich ecosystem of contracts, markets, and trading systems around it.

So when the public caught wind of it, it jumped from around 3 cents to $10.50 in under a year. This is a roughly 35,000% increase. In other words, if you had purchased just $1,000 worth of Stratis in late 2016, you would now have $350,000.

Now, I know what you’re thinking. “Holy shit Jon, how do I get in on this? Is it too late?” Thankfully, it isn’t too late. In fact, it’s projected that the cryptocurrency market will continue to grow over the next 30+ years, reaching new heights and bringing about a new and improved era in global commerce, free of the (((bankers))) and their greedy little hands swiping away your money.

Jon’s Personal Strategy to Make $1,000,000

cryptocurrency bankers

There’s several ways that you can cash in on this new and incredible technology. The first, and most stable, is mining. Without going into too much detail, this entails of purchasing an expensive processor, which uses complex algorithms to “crack the code,” and create new cryptocurrencies. This is how the market avoids needing a centralized bank—anyone can use their computers to slowly multiply the volume of cryptocurrencies.

As more and more people create more Bitcoin, the algorithms slowly grow more difficult to crack, which is what puts a peak on the coin’s inflation rate. While you can buy a professional grade Bitcoin miner for $3,000 and expect to profit $500 a month, I do something that’s even better.

There’s a service known as Genesis Mining, which effectively allows you to rent out processing power on an incredibly complex and powerful supercomputer based out of Iceland. Everything from the computer itself to the environment, which is freezing cold, is made to minimize energy expenditure and maximize profit.

Furthermore, you can also “reallocate” your rented out processing power DAILY, meaning you can choose to mine different coins which may be more profitable depending on whether the market goes up or down. Again, I use the service Genesis Mining, and it’s phenomenal—cryptocurrencies are deposited into my account every single day, and it’s fully automated. I just purchased a 2 year contract, and let their computer do all the work. I don’t have to do a single thing, and the money keeps rolling in every day.

For a wallet, I recommend you use Coin Base—it’s a free mobile app which gives you $10 worth of Bitcoin when you join, and you can link it directly to your bank account for easy transfers, to either buy or sell cryptocurrencies, or to cash out and deposit money into your non-crypto bank account.

You can also try day trading, but I don’t recommend you use large amounts until you get the hang of it first. Start off with $50 and scale your way up to the $1,000’s. Many men across the manosphere have been swing trading, as well, meaning they buy/sell over an intra-day period, to take advantage of multiple day, or weekly trends. If you’re going to do this, there’s plenty of tutorials on YouTube for you to watch.

Summary

cryptocurrency bankers

In summary, Bitcoin, among other cryptocurrencies, are absolutely demolishing the globalist financial structure that they’ve spent centuries trying to build. It’s peer to peer, meaning there’s no middle man. It doesn’t require a bank to hold it, a middle man to transfer it, or a government to print it. Cryptocurrencies are entirely open to anyone with internet access, and seeing that only 50% of the world has this so far, it’s bound to explode as we advance into the technological age.

Don’t get left behind—cryptocurrencies have already made numerous millionaires, such as the pizza man who accepted bitcoin as a payment in 2010, who’s now worth $7 million.

I recommend that you start mining, as it’s the safest option. Use Genesis Mining and slowly rack up those coins over time. Use Coin Base as your wallet, because it’s convenient, there’s a mobile application for it, and they’ll give you $10 just for signing up.

And lastly, I’d like to recommend an upcoming ICO (Initial Coin Offering) called File Coin. The developer, Juan Benet, has an enormous amount of connections in Silicon Valley and the cryptocurrency market. In addition to this, there’s several components of File Coin which make it a revolutionary new technology, but I’ll leave it on you to research it. Just know that I’m investing probably $10,000 into the coin before it even goes public.

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Read More: How to Make Money Trading Cryptocurrency

468 thoughts on “How Cryptocurrency Is Destroying The Jewish Globalist Banking Cartel”

  1. block chain to enslave the mine craft generation
    the mining burns energy like hell
    Oh, even LoL accepts it? How funny.
    What’s the difference in outcome to a petrol dollar?
    Who will provide you with the battery to store the needed energy? When the government offsets you from the power grid? The globalist solar power mafia and Elon Musk.
    The mining tools of choice, like in mine craft, are CPU and GPU power, so still we have to get that stuff out of the ground.
    And your article just instills greed and fear of being late to the party in ROKs readership.
    Bitcoin has today a problem, amazingly similar to high-frequency-trading.
    https://github.com/bitcoin/bips/blob/master/bip-0141.mediawiki
    I’m just another idiot on the net, maybe the dude who wrote that article outsmarts me big time, who knows, I don’t.

    1. A lot of people are promising huge returns on these investments, and I think some of it is crazy talk. And there are far too many currencies for all of them to survive. So, there will be a culling in the future, and that is not an unhealthy thing.
      But as for the big picture, crytpocurrencies are either a huge scam or a legit revolution. For me, the evidence points toward revolution. We’ll find out, together.
      Either way, it’s fun.

      1. The initial problem of interest rates or usury is (un)just – cryptic – hidden.
        In – funnily enough – consumer entertainment products.
        Umlaufgeld looked more promising tbh. So promising, historically bankers payed very fast for tanks to move in.
        Around currency, corn, coin, cunt,culture isn’t possible, indeed.

    2. I was mining a couple of years back, but stopped because the price of electricity rose above the profit of mining.
      The bitcoins I made then though increased in value and paid off the initial investment of GPUs, new computers, etc.

  2. I only just got into crypto. It is a rush.
    What’s missing is the ability to accrue interest. My bitcoin wallet does not have an interest rate attached. All you can do is watch your value fluctuate with the market. When there is a technology that rewards savings (like loaning out some of the coin code for processing power), I think cryptos will go mainstream in a major way.

    1. This, but it basically boils down to re-inventing fractional reserve banking.

      1. That is a badass observation. Gonna let that one soak in.
        I look at crypto currency almost like premodern money, in that it has to be more than a promissory note – it has to have some type of value itself. For example, an ancient coin made of bronze, iron, or copper had intrinsic value, because it could be beaten and fashioned into some useful tool. Similarly, I think that crypto currencies have to have some useful application, such as performing specific calculations or tasks. Golem is one such crypto currency.
        If there is no useful application for the currency code, then I tend to think of that particular bit of code as valueless, and unworthy of investment. The exception to that rule is Bitcoin itself, which has become the “reserve currency” of the market.

  3. I’m tired of repeating that there exists good debt vs bad debt and that a deflationary currency wouldn’t be good for an economy and that past performance is a poor indicator of future performance etc etc.

  4. To the author:
    I was looking into FileCoin, the concept is interesting… But why would FileCoin gain mass-support when the average user could just use GoogleDrive as hard-drive space on the cloud?

    1. Good question – if you’re only storing small amounts, it doesn’t matter that much. But with massive companies that need literally terabytes stored, that can get quite expensive w/ fees on Amazon SE3, GoogleDrive, etc. File Coin, due to the nature of the product, will be able to offer lower, more competitive rates every single time.

      1. Yeah fair response. I feel similarly about GolemCoin.
        Not sure which industries need mass-distributed processing, but it seems like the kind of thing that there is a market for or might even create a market for through innovation.

        1. Basically one can pay in GolemCoins to a distributed network of receiving users in exchange for processing power that they host on their computers.
          It’s similar to torrent in that it breaks up a processing project into smaller pieces that are managed on different host computers in the network.
          Imagine you are a game-designer and need to render a massive 3D scene but it would take 3 entire days to complete on your own computer. With GolemCoin/network the designer can break up the processing into smaller pieces and have each piece processed by different users who send back the processed information.
          The game-designer gets his processing done on time, and the hosts on the Golem network make GolemCoins they can trade for Bitcoins.

  5. I believe that the elite fully embrace cryptocurrency. Because if they didn’t, it wouldn’t exist. People have been known to “disappear” for way less egregious transgressions. And yet, the elite banksters aren’t crushing cryptocurrency, which is a major tell in itself.
    The reason why is because it plays right into their hands. The elite have had a hard-on for a cashless society for a very long time now. Back in the 1990s I knew some “conspiracy nuts” who gave lectures on the subject. People laughed at them. They aren’t laughing now.
    That being said, the woo-woo alt. media is stating that Bitcoin is collapsing even as we speak – which, if true, would imply that the central bankers are getting ready for a replacement version, which is what I’ve been thinking all along…first, they create the demand for the product (check); then they get rid of the competition and/or or buy it out.

        1. Nobody’s going to use that shit, though. That’s what makes Bitcoin so unique – the (((bankers))) can’t track it or print it. It’s cashless, but they have no control over it.

        2. But once They have their own cryptocurrency, won’t They begin dismantling, sabotaging, outlawing, etc., other cryptocurrencies?

        3. they really ought to name crytocurrencies something that sounds less like it is from Superman II…like iMoney

        4. it also needs to be easier. You need like multiple accounts or apps and one of our friends says his phone crashed and he straight up lost money.

        5. yup. When someone says cryptocurency i picture it is how Lex Luthor paid for the Hall of Doom

        6. Maybe. They are late to the game, so who knows? I think there’s actually a sense of adventure here, and the feeling that how all of this shakes out is not a foregone conclusion.

    1. VISA is paying restaurants $10,000 to stop accepting cash…not sure if thats monthly or yearly, no matter, they will keep tweaking the amount offered until it starts to work

      1. only 50 restaurants who took in a very small amount of money (as a trial for now). I am talking to visa about lowering our rate if we take only cards.

        1. no, at first for expendable items at our gyms o parking at our garages. We don’t sell. It is our belief that there is x amount of Manhattan and it is very valuable and the more you own the better. We rent. We are talking about a trial building where we only take rent with a credit card. It is good for tenants and possibly good for us if Visa is willing to pony up some perks.

        2. ah, interesting. Sometimes i wish i could see the matrix, I would love to see what a 24/7 assault on visa’s servers must look like(or amazon’s etc)

        3. Hypothetical. You eat and incur a debt at at the restaurant, but are unaware of the no-cash policy. Time to pay the bill, and you have no card, you only have cash.
          Is it now a legal matter for the police to be involved? You have the money and are willing to settle the debt. Just because the business refuses to accept the cash, have you committed a theft?

        4. I imagine in that situation it is the same as in any other situation where you don’t cover your tab….the police are called. I have seen it happen.

        5. and now youre on the list of people who talk to people on the list. even better going

        6. Let’s take it to court, then. Will a court enforce some random business policy? I suppose, perhaps, if there are laws prescribing how such a policy must be conveyed to the customer, and this was followed, .. Seems sticky at a minimum, but to me just plain wrong.

        7. Honestly couldn’t tell ya. But isn’t it always a sticky situation at a restaurant like that. Whether they take both cash and cards or just cards…you are incurring a debt in consumables which are already consumed by the time the bill gets there.

        8. The court would enforce that policy depending on state law. The Federal law states that Federal money is legal tender, but there is no law requiring anyone to accept it as such.
          State law would decide that.

        9. Well, for the sake of the argument, I’m presuming we’re operating in a place where there are no explicit restrictions on a business to decline to accept cash. If they were required to accept cash, the argument is moot.
          I want to know what happens when the policy isn’t known to the customer, hasn’t been made perfectly clear, or an honest mistake is made.

        10. I’d hope. Might be easy to overlook a sign, though. I’d hate to see people thrown in jail for a misunderstanding.

        11. I suppose it is down to how much of an asshole the owner/manager is, and if so, how hardnosed the cops decide to treat it.
          And, of course, the attitude the customer gives.

        12. That’s no way to run a civilized society!
          I can see it now… “Haha! We only accept payment in revolutionary-era Connecticut shillings! Officer, take him away!”

        13. I wonder about that. You are offering a legal and valid form of payment that is GUARANTEED to be accepted for “all debts both public and private”. You’re not skipping your bill and you are in fact offering something that they CAN take right there on the spot with no special equipment.

        14. Visa don’t give a fuck. They will have the cops beat your skull in and then ruin your life on CNN. Fuck your rights.

      2. Went to U.S. Bank yesterday to cash a $2500 check from a client. I’ve cashed this woman’s checks there for years. Oops, “We don’t have that much cash on hand today.” WTF? The lady then called seven branches and finally found one that had enough cash on hand. I whipped over there and cashed it, after they vetted me for half an hour. This was not a coincidence. They are tightening the screws on cash and cash transactions (and most especially, people who don’t bank at the branch where the check is issued), and they are going to start coming down harder and harder on it.

        1. It’s funny you mention this Bob. I recently had a conversation with my bank manager and he candidly confirmed what I’ve been told by the guys on my construction crews… the branches that cater mostly to Hispanics have larger sums of cash on hand.
          I’ve worked with Hispanics for years and I’m very close with my guys. They all have bank accounts, but they typically keep very little in them. They’re still big Cash-Only people and they’ve told me many times that they don’t trust the banking system…

        2. Interesting. The branch I went where I finally got the check cashed was in a Hispanic neighborhood, and the bank staff was comprised of mostly Hispanics…

        3. That’s how I am too. Some things you have no choice, but in my day to day spending it’s cash on the barrel head. Nobody’s business what I’m doing, where I’m at or what I choose to spend money on.

        4. I do the same exact things. And my tips are always in cash, even on the rare occasion that the meal is put on plastic (which I try to avoid). Helps the wait staff and I do so ever trust them to “report” their tip income honestly and not, you know, pretend that they didn’t get a tip, which nobody could actually prove.

        5. Same here. I’ve always been a cash guy myself – especially with my day-to-day purchases as you mentioned. The whole “tracking your every move” thing has never sat well with me… it’s absolutely nobody’s business what I choose to spend money on.
          I remember years ago, reading about a child custody case in the local newspaper… this dates back to the mid-90’s when grocery stores were starting to hand out those “discount club cards” to put on your keychain. I don’t recall all the details of the case, but it was somewhat unprecedented at the time. The case was about a father who recently lost custody of his children because his shopping records were presented in court which showed his “club card” purchases. There just so happened to be a couple of alcohol related purchases, and with this information, they were able to convince the court that this man had a drinking problem and was unfit for custody. The sad thing is, it was the the ex-wife that was the deadbeat and the husband was an accomplished professional that really adored his children.
          I remember reading that story, way back then in my mid-20’s and thinking “why the hell would I want to have something track my every move?” To this day, I always think of that story when I’m asked to sign up for club or discount crap, and on the off chance that I do sign up, it’s with a fake name and number.

        6. See how much they inconvenicenced you?

          Cashless would just be so much easier.
          ….
          Its easy. Do it.
          ..
          Why arwnt you doing it already?
          Look how much easier it is!

          The thing goes beep! So cool and futuristic!
          So easy!

        7. Yep. Don’t be behind the times. Get with the program. Your kids are doing it. What’s the matter, are you totally lame. Etc.

        8. “Never give out your right name.”

          One of my favorite names to use is
          Alias (ugh-lias) fakename (fah kay nom ay)

  6. Seriously?
    Any sane person will see that crypto-currencies are just a stepping stone towards a complete cashless society, which is the ultimate banker’s dream come true.

    1. Yes and no – it’s complicated. On one hand, I still think we should have physical silver and gold to purchase items, but BTC is great for long distance transactions and it’s basically untraceable, immutable money.

      1. It’s untraceable right now…but that doesn’t mean it won’t be illegal to do untraceable transactions in the future. A guy could make a bundle if they gave odds on that particular prop bet, because sure as god’s vengeance it’s coming.

        1. Yep. I’m all for it and I think it’s great…I just don’t trust the snakes at the top of the greasy flagpole. Any challenge to their banking prowess would not be tolerated. They run the world. Including standing armies.

        2. Everything else is already illegal. Fuck their laws and carry on.
          I’m not even comfortable putting money in the bank. Cryptocurrency is likely not going to be my thing.

        3. Between interest rates lower than inflation and the occasional fee or penalty you’re basically paying rent to store your money there.

        4. I think that the Ethereum blockchain could be extremely traceable! It could be like the debt ledger written by the finger of God, himself. Decentralized, and inescapable. No blowing up the credit card company buildings, like at the end of Fight Club. It is a debt ledger that is everywhere and nowhere. Potentially, very good or very, very oppressive.

        5. Derp. It’s been a long night. I’d actually buy in once BTC crosses the 2200 mark and sell around 2500-2600. If it doesn’t, then buy the breakthrough at 2400.

        6. John, I didn’t realize how bad it was until I found out that Murphy’s Law wasn’t even written by Murphy. It was set down on paper by a different man of the same name…

        7. But….others have run the world in the past, and made fatal errors that toppled their families/dynasties out of the limelight. Eventually their lines devolve to the point where their sole DNA line left is sitting on some manosphere website engaging in intellectual masturbation as a way to avoid productive work.

        8. To be clear, I was not indicting you, heh.
          The very notion that I am not King of England today burns me to my core. When I get to Valhalla I’m going to have some serious skull smashing to do with the grandparents who dropped the ball centuries ago.

        9. Those that have fallen, I believe, were pushed, rather than slipped. A la the Kennedys. JFK might’ve doomed them all with his rebellion.

        10. I’m talking a much longer trip in the Wayback Machine man. Much longer.

        11. I hear ya.
          “People who complain bitterly about those who run the show, do so because they secretly wish that they were running the show themselves. Kind of like the little bitch who isn’t as hot as her sister, but secretly wishes she were. And by the way…I tapped that little bitch’s ass.” – Gandhi

        12. I don’t know the full story but I think the 5 dollar bills jfk printed with the red ink on them cutting the fed off sealed his fate

        13. Yeah, further down the timeline providence played a bigger part in politics than the talmud did. True

        14. not familiar with that story-line. I just know both Joe Kennedy Sr. and Johsnon himself were into a lot of shady shit.

        15. Yeah bro, look that up. Executive order 11110. He signed that in, died months later. Then it was repealed shortly thereafter. I hear he was privy to the monarch program and other shady shit but that didn’t most likely hurt him with the powers that be

        16. When the Russian tsar blocked a Rothschild Cleen sweep of Europe they promised to remove them. Less than century later the tsar family were completely eliminated and the Marxist communist revolution was the new order.

        17. That may be so to some extent but others may not enjoy the subjugation or elimination by those that ‘run the show’ and long for the freedom of unperverted self determination.

        18. This. Like grow a pair and improve your life over bitching about the fucking elites all the time. They rule you even more when you’re scared to even breathe for fear they might kill you. This discussion is about as beta as it gets.

        19. Patient, calculated and determined they are…. Meh…Every story has a bad guy…let’s see how this one shakes out.

        20. If it can be cracked as this author is saying he is doing right now then it’s obviously traceable…. and obviously worthless.

        21. That’s not how block chain works. They use one-sided hashes. Where you can verify, but you cannot tell what happened unless you already know. Basically I can say “hey I paid you” and you can verify yes I was paid, but if you just look at the hash you can’t tell what transaction took place.

        22. But could you PROVE you paid–say, if somebody sued you for nonpayment? (How is an off-the-books transaction enforced, anyway?)

        23. Yep you could prove it. With blockchain every transaction is recorded but as seemingly random numbers generated by a 1 way hash.
          Like lets say you have the transaction “bob gives jill 10$”. You would put it through the hash and it would output 27363626263625 or something. When people see the 273… number they cant tell what the transaction was, they just see the number. But if you are like “I want to prove its bob gives jill 10$” you put that transaction through the hash and it outputs the same 273… number. There are so many combinations you cant just guess and try to get the 273…. number cause it would take forever, but you can tell if the thing your trying matches a transaction. Its like a combination to a safe, you can tell you have the right one, but you cant tell what that is unless you already know it and guessing all the combinations takes too long.

    2. india wages a war on cash (last year) yet is supportive of bitcoin. Seems pretty suspicious to me

    3. Yes. Except the people that don’t understand the fed and central banking concepts in the first place. This is free ad space for the cashless society that they want.

    4. The fact that I’ve been seeing MSM articles promoting it as a great thing signals a red flag to me.

      1. Google is paying 97$ per hour! Work for few hours and have longer with friends & family! !pz101d:
        On tuesday I got a great new Land Rover Range Rover from having earned $8752 this last four weeks.. Its the most-financialy rewarding I’ve had.. It sounds unbelievable but you wont forgive yourself if you don’t check it
        !pz101d:
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    5. Oh yeah, now I remember, there was this thing called cash, government couldn’t track your location on those transactions either >_>.

    6. Rich! Is this the real you? Your books have had a profound effect on me and the friends who I’ve given them to. We hope you come back to YouTube or write more stuff. Thanks!

    7. I mean I like the idea of untraceable cash, but of you really want that, invest money in a bank with STRICT privacy laws.
      A bank in EE, for example, just make sure it isn’t connected to terrorist groups.

    8. Already paper currencies are used electronically. Take a look at your AtM card or smartphone. And that is using regulated currencies. The bankers hate this new currency.

  7. As with everything, there are benefits and drawbacks.
    One of the biggest drawbacks seems to be the arrival of ‘me-too’ currencies and the sort of market fragmentation it creates. Businesses need to make a not-insignificant commitment to the currency in order to have a reliable transaction processing system in place, and a reliable currency conversion system in place. I see multiple competing currencies as discouraging adoption and standardization.
    I also see the potential for a fair amount of regulation occurring on the business end of things. Legitimate business will not want to or be able to hide transactions, making them visible to the government and taxable, etc.
    As a related aside, the idea that Bitcoin suffering volatility and being in a bubble was dismissed without further discussion. I see those as legitimate concerns, that likely are true on some level. At least they deserve a proper analysis and understanding of the risk before you go converting all your assets to cryptocurrency.

    1. They may not want to hide transactions, but they sure as hell will be able to do so. The moment you get a BC fragment you can set its identity to something else entirely and there’s no way to prove who sent it or that you even received it (by the authorities). It’s scary anonymous.

  8. JA: is there a website you can point the EXTREMELY computer illiterate to with step by step instructions to setting up a bitcoin account which is suitable for morons, the brain damaged and illiterates?

      1. I went to coinbase.com and couldn’t figure out what to do. I mean I am really fucking at middle ages level of tech ability

        1. You have access to the World Wide Web? Whatever you do, make sure you back everything up on a floppy disc. When you figure it out, tape it so you remember what to do next time.

        2. Coinbase is essentially an exchange, so treat it like setting up an exchange account. They will ask for a credit card and a bank account, which you can use to purchase the crypto currencies that they sell (only three of them, right now). They will also hold them for you, although you can transfer them to your own “wallet ,” which is a unique program that stays resident on a computer hard drive (so do not use a work computer for that). My suggestion is to go through the rigmarole of setting up a Coinbase account, and getting $50 worth of Bitcoin. Once you have a teeny bit of stake, everything will crystallize and become sensible in a big hurry. It did for me.
          If you want to buy the up and coming crypto currencies, you need to purchase them with Bitcoin. To do that, you will need a “wallet,” like I described. I like one called Exodus, that has a built-in interface with exchanges.

        3. that is actually my normal tech solution. As groucho says “look here now it says so easy even a 12 year old can do it….quick, someone fetch me a 12 year old”

        4. Im laffin my ass off at the fact hippo is trying to buy bitcoin via an atari 5200

      2. coinbase requires you upload a photo-id with your laptop / phone camera. They also have a slightly variable repuation

        1. I think there are different tiers of ID verification required depending on the level / nature of what you want to do. Alternatively it might also depend on which country you’re in – I’m in UK not US

      1. there was like two things. The first was the coin base then you had to chose some other app to link to it or something?

    1. ” EXTREMELY computer illiterate”
      You are fucked in the future without computer literacy. Even more than now. Start learning.

      1. I seem to be doing just fine. Email, websurfing, word processor, using Spotify. Not sure what any other part of the computer is for. Respect to those who do but it’s just not necessary in my life. The thought of me being “fucked” is absurd

  9. Also curious: other than illegal guns and drugs is there anything you can actually buy with bitcoin

      1. The tech savvy ones use to let you swipe your card through their gash, but now you have to insert chip

    1. Are you saying that there is some other way that you use to buy your illegal guns and drugs?

      1. Until I can pay my rent or car lease with it it is still a fringe thing, but i like the future. I just wish it was more accessible to us computer dipshits.

        1. It’s getting pretty close to that level now. And the beauty is the anonymity. If used correctly you make taxes a fiction that you’ll never have to deal with again, involuntarily anyway.

        2. It does seem that it will be something much more than a niche in our lifetimes. I would imagine, though I am not sure, that the problem with the anonymity is that if your money vanishes what are you going to say? If it is a few hundred bucks, fine. But what happens when you log into your account and your life savings is gone. Who do you call? What do you do? With no paper trail it would seem like you are just kind of fucked.

        3. I have this level of uncertainty with a 401k! I’d really have a hard time trusting the legitimacy of something ‘untraceable’

        4. The money vanishing is a valid concern. Not that somebody else can take it (if you keep it in your personal e-wallet) but I’d sure hate for that e-wallet to fall into the ocean when you’re on vacation.

        5. ….or just become “corrupt” or “unreadable”
          Shit, I had a kindle just die. Whats the difference?

        6. It is new still. I will be watching. I think there is a ton of potential but still too problematic to put any real flow into

        7. Personally, and this is just me, I’d distribute the cash to different wallets. Think like you throw $5000BC in your wallet for vacation in Alaska but leave the rest in e-wallets back home. That kind of thing. I agree though, that is the one fatal flaw I see in it. It’s so anonymous and un-traceable that you have no way to recover it if you lose it.

        8. same. At least you can get an audit from your 401k. Even with that there is concerns.

    1. “That cash is so nasty anyway. Germs and such. And some of it features photos of infamous patriarchs. Bigoted, racist patriarchs who owned slaves.” – A. Liberal


    1. Pumpkins have been going up all october and i feel they will peak in January and that’s when ill sell.

        1. I love truffles but hate truffle oil.
          If you really want to get involved with the truffle biz I have a connection at Urbani on 10th ave. I am sure they can help you out.

  10. “I know how to make my girlfriend scream during sex, I just call her and tell her about it.” -Bob Smith.

  11. After fat shaming week, perhaps it’s time for a “Jewish question” week.
    Triggering guaranteed.

  12. Goldman Sachs adds Blockchain to its main website –
    http://www.investopedia.com/news/goldman-sachs-adds-blockchain-page-bitcoin-cryptocurrency-gs/
    Here’s the page the article above is referencing (scroll halfway down, look on right side)-
    http://www.goldmansachs.com/our-thinking/pages/blockchain/index.html
    Here’s a screen shot of that page; dig that snappy lead-in verbiage: “A new technology is redefining the way we transact…Blockchain has the potential to change the way we buy and sell, interact with government (huh? – WTF?) and verify the authenticity of everything from property titles to organic vegetables.” (Click to enlarge.)
    https://uploads.disquscdn.com/images/a530d4560f311d39b84477c8e7a7fbabff3853a5ac84e50437e0f00b8c7e8522.jpg

    1. Good catch. I was also very skeptical at first, Bob, seeing that so many banks are backing it – until I see what advantage they get, however, I’m going to wait on forming an opinion.
      Like you said, the only thing I can imagine them doing would be to make their own version of it, to try to tax it, or something – but so far, none of these are possible, and if they did make a shitty version of cryptocurrencies, nobody would buy in since that defeats their whole purpose.

      1. I see your point. I’m just leaning toward an elitist takeover at some point. With Goldman Sachs embracing it, I’m leaning even harder in that direction…time will tell and we shall see.

        1. whatever you do with cryptocurrency just remember: once its the cover story on Time or Newsweek, SELLSELLSELL

        2. Digital Currency Regulations Coming Soon to Iran –
          “Although the NCC is leading the way in regulating digital currencies in Iran, some believe the Central Bank of Iran (CBI) needs to get involved too. ‘Bitcoin activities include money creation, so the Central Bank of Iran needs to set the ground rules and supervise related activities, otherwise this would disrupt the economic cycle,’ said Faramarz Khaleqi, the CEO of Bank Melli Iran’s Sadad Informatics Corps.”
          (Those are the magic words – the Central Bank of Iran needs to set the ground rules and supervise related activities, otherwise this would disrupt the economic cycle…cough-cough.)
          https://news.bitcoin.com/digital-currency-regulations-iran/
          Bitcoin Regulatory Guidelines Are Coming to the Philippines –
          https://news.bitcoin.com/bitcoin-regulatory-guidelines-philippines/

        3. Too late then. I used to read investment rags in the 90s and noticed that anytime they were hocking a stock or fund, you know it peaked a long time ago and they were just sucking others in.

        4. “I’m just leaning toward an elitist takeover at some point.”
          Didn’t that happen in the 60s when they whacked JFK? What is left to take over. Announcing everything to the world isn’t going to help them runs things easier

        5. An elitist takeover (of the cryptocurrency systems). The Big Takeover happened a long time ago. Some things slip through the cracks but they snap ’em up all in due time.

        6. No they don’t, though. I understand your cynicism, but people become red pilled at an exponential rate – just 10 years ago the whole globalist/bilderberg conspiracy would make you look like a loon, but now everyone and his brother is aware of it.

        7. A lot of people consider themselves to be awake. But it’s a matter of degree, isn’t it. The really out-there shit, is still hidden from the view of most people. And if someone were to offer up some of those nuggets to a “red-pill guy”, he’d laugh in that person’s face and call him a loon. Infinity is a big place. There’s a lot to know. Whatever we know, it’s just data on the head of a pin. I do see your point though…it’s all perspective, isn’t it. One day we think the Bilderbergers are baloney. Then we find out they are real. The only absolute law is the law of change…changing perspectives, being just one of many such examples.

        8. Id just as soon go back to sleep- at least I can sleep with alyssa milano circa 1999 in my dreams

        9. Moon landing was fake.

          That’s a good one to gauge peoples reactions.
          Some say that’s crazy it could never be faked.
          Ha

      2. Even if they adopt Bitcoin as the official currency and try to regulate it, a new crypto can be made to replace it.
        So long as there are people who want to be off the grid, there will be a market of unregulated crypto currencies.

        1. Did you know that you can issue paper money legally yourself? Questions is who is going to use it.

        2. They can’t regulate it. They can write regulations, yes, but there’s no way to actually regulate it outside of counting on people to be really virtuous and honest. It is designed to thwart government tracking.

        3. I think too many people on this site give the elites, illuminati, nwo, Jews, whatever too much credit . They are human not Gods. They’re not even demi gods. They make the same errors as all of us. They are probably of average intelligence. There is no way they can monitor everything at all time they don’t have the manpower.

    2. They can add anything they want, if you don’t use *their* blockchain currency then it doesn’t matter a whit. Security is built into things like Bitcoin that guarantee anonymity if used correctly and you can even verify the source code (I believe) if you’re a programmer if you think something smells wrong. With GS, well, just don’t use it. It doesn’t mean that other blockchain coins are suspect. It’s a totally decentralized system, which makes it basically impossible to control.

      1. I’d lay odds that the Feds will get involved and heavy regulations will come down at some point, and the private central banks, which people don’t realize are private (like those that comprise the Federal Reserve; and, surprise, Goldman Sachs just happens to be one of those outfits) will be the only players in the game. (See the links I posted below about regulations coming to Iran and the Philippines, for more proof of this.)
        At that point, the rich will get richer – same old shit. It will probably take the form of the Feds claiming that any form of cryptocurrency other than that which they designate as being legitimate, is counterfeit. And if somebody uses another form, they will be put in jail, and declared to be a user of counterfeit currency. We’ll have to wait and see though. As for it being totally untraceable…I would lay odds that the government can track anything it wants to track online. This can’t be proven, and they’d have to admit to it, but I think it’s a safe bet (albeit an unwinnable bet).

        1. They can write all the laws that they want, but end of the day there’s nothing, at all, they can do to stop its use, nor tax its use. That’s the beauty of something like this, it literally makes control freaks obsolete in the currency/regulation game.
          Untraceable as in unprovable. If you use this correctly they have no way of proving that you actually received a valid bitcoin, even if they monitored the TCP/IP stream it was sent to you over. You change the “identity” of the BC on receipt. It would be like them putting marked bills in a bag of stolen bank money in order to track you, but then the marks on the bills disappear.

        2. Well, I don’t know for sure (who does), but I’d still lay odds that what I said would happen, will happen. And I think a guy can make anything he wants – if it’s online, you can bet it’s traceable. But that’s just my opinion and it is not provable. So I’m going to let the Wizard of Oz weigh in here; as he hangs out with Gandhi (or so I’m told; you guys will have to click this to enlarge it to a readable form)…
          https://uploads.disquscdn.com/images/1f68e2e574a0d0c9ac6e11aa28c5d7ebb4f4cac50f30690780d49a0fff123d07.jpg

        3. What I’m saying is that they can easily I’d wager track a transaction from point A to point B. By the time they get your house to arrest/tax you, they have to prove that you have the BC in question. The BC in question no longer “exists” in a way that they can say “See, you received BC Hash# 44400d4ed2233a”, because that identity has vanished.
          Let them write laws. I find it funny that they’ll try (and they will).

        4. Well that’s interesting. I think the threat of jail will dissuade most people. That being said, is there a futures market for Blockchain? A guy could make some bank if so, solely because Goldman Sachs is touting it.

        5. What Jon said below. How would they know that I changed it without direct surveillance (cameras, real life stuff)? They won’t. No way to know. At all. If they “threaten jail” they’d have to prove that I did something. It’s not possible with this type of currency. It was designed to literally stymie governments Bob, this kind of thing can topple the whole damned system, bankers included. THIS is why they’re trying to implement their own proprietary block chain currencies and hope nobody notices that theirs will be the opposite of BC regarding anonymity.

        6. That sounds wonderful. They have had their noses in the trough for a long time. We’ll have to see what happens…I have my popcorn ready.

        7. you used to get a new IP address every time you connected to the net, no? they got rid of that

        8. No they didn’t. Every time I log into my isp it’s with a new IP. Not using dynamic DHCP would be disastrous for huge ISP’s.

        9. Maybe. I don’t think IP’s have ever been truly anonymous, assuming that ISP’s do normal logging (which is a good assumption). You might be anonymous to the general public, but come a warrant the logs go to the cops.

        10. okay, this is your wheelhouse. I was under the impression it was all pretty untrackable with dial up and DSL connections, but fiber optics did away with that

        11. That’s right. They can write as many laws as they want, but it won’t do shit. Ripple is the unique crypto-currency promoted and supported by the bankers, but currencies like Monero or Verge (which is quite new but in my opinion has a superior tech than BTC and Monero in terms of privacy) are very hard to trace, and in the case of Verge, literally impossible.

  13. I use the service Genesis Mining, and it’s phenomenal—cryptocurrencies are deposited into my account every single day, and it’s fully automated. I just purchased a 2 year contract, and let their computer do all the work. I don’t have to do a single thing, and the money keeps rolling in every day.

    Let’s say I take the 30$ starter pack, what kind of ROI can I expect?

  14. Okay, I don’t understand this. Traditionally hard money advocates say that we should trust gold as a form of real money because people have used it as a reliable store of value for thousands of years.
    Now these hard money obsessives say we should trust digital currency gimmicks that started just a few years ago, when we simply don’t have enough experience with them to show that they will work over the long run.

    1. So you’re saying that groups speak as a collective Hive, and that individual opinions don’t vary within a group? I’m all about gold and silver, but don’t trust digital currency that much yet (although I do dabble i it).

        1. ok i don’t know about the heinz stuff but i freaking love spotted dick.

      1. I just wonder why we should value mankind’s long experience regarding gold, and then turn around and ignore our relative absence of experience regarding cryptocurrencies.
        By way of comparison, the Federal Reserve System, for all its faults, has already operated for 104 years. According to Gott’s Principle, the Fed has a 95 percent chance of lasting between another 2.7 years and another 4,056 years. The odds favor that it will survive all of its currently living critics who keep demanding its abolition.

        1. Same question should be asked of most very-quickly adopted mindsets we’ve seen in the last ten years. Cursive? Nah, who needs it, we have iZombies! Hard cash? Nah, who needs it, we have iZombies! Etc.

        2. Nassim Nicholas Taleb argues that things which have already lasted for a long time won’t mysteriously go away now that we have become “modern.” He uses examples like drinking wine, eating with silverware and wearing shoes. I would add patriarchy as another example.
          Fiat money arguably started many generations back as well, and I think it will hang around for a long time to come.

        3. crypto is no different than a stock at this point. most people are either miners hoarding or speculators trying to buy low and sell high.

        1. The new Italian snow tire. Dago through mud, dago through ice, dago through snow, and when dago flat, dago wop-wop-wop…

        2. Italian helipcopter: “WOP WOP WOP WOP”
          (tail-rotor): “guinea guineaguineaguineaguineaguineaguinea”

        3. that’s another. There is one more about an Italian tourist on vacation talking to the hotel operator but I can’t recall how it goes. I do remember the line “i wanna sheet on da bed” and he say “you no-a shit on the bed”

        4. Groucho Marxatorre was the tourist. Chico Marxatorre was the hotel operator. I saw it on Discovery Channel.

        5. My brother had one of those. He had to pull the motor in it to fix it. At the time, he was living in this apartment complex several hundred miles away, and we were moving out the following day. The only way you could get the motor out was to jack up the car and slip the motor in from underneath then lift it up into place and bolt in the engine mounts. As time was running short, and we didn’t have access to a cherry picker, my brother (big guy) got a tow strap, put it over his shoulders and attached to the motor, climbed on top of the engine and held it in place while my other brother and I bolted it in place. By 3 AM, we fired up the engine, and started down the road with all his crap. Got about 10 miles down the road, and the thing overheated from a pinched and leaking radiator hose. So there, on the side of the road, we just said “eff it” and hooked on a tow rope. Towed that car about 300 miles to my parents house with a Chevy Luv. Never saw it run again.

        6. You guys are real nice. I expected this one to end with you guys dousing it in gasoline and then burying it in a forest somewhere.

  15. ROK readers, insider tip, buy Vertcoin. It’s an old ASIC resistant coin that is finally about to see its day. The price will shoot up once Atomic Swaps are able to be done between Bitcoin>Litecoin>Vertcoin!. Its 52 cents at this moment, get it before it goes 10$+. (Also join the Vertcoin reddit)
    (I am a longtime ROK reader and this is the first time I have felt the need to shill for something, I never even shilled for Kratom).

      1. I have invested in it and am currently HODLING. I figured there is still time for ROK people to buy in before it goes to the moon!

      2. pyramid scheme. think about it ben, anyone can make a crypto currency and then be the first to mine it with their friends too. they hold most of the coin as it gets harder to mine as it goes along. so what do you need? more people on the bottom to buy and use the coin, bringing the prices up and then after a while you and your buddy’s can sell all your coin and make a fat profit. Pump and dump

    1. It’s interesting how no one notices your very important comment and why ROK is pushing cryptocurrencies and why my comment exposing it as ponzi scheme was deleted as spam.

      1. Not sure why your comment was marked as spam – I’m able to read the rest of your comments. I’d like to think the belief that cryptos are genuinely government control-proof is genuine, and that ROK is sincere in pushing the idea. Personally, I don’t believe for a moment this isn’t a phenomenon that isn’t being shaped, and if it is being shaped the question is for what purpose. The volatility of cryptos is extremely worrying, Its a rug that can be pulled from under us at any time, even more so if it rises to silly levels. The blockchain aspect is something else entirely however

        1. I just think sometimes the commenters might be better informed than the writers..Im not knocking anyone btw

      2. for a moment I thought you were suggesting my comment was subject to a shadow ban or something, but since you can read it that wouldn’t make sense

      3. they could easily be a ponzi. hell I’m trying to find s way to start my own crypto so I can pull off a good ol pump and dump on it

    1. No, that’s not how it works. It is utterly decentralized.

      1. Whats stopping people from hijacking it? The maths behind it? It’s a nice concept but it’s only a matter of time before someone takes it over.
        Curiosity knows no bounds, hackers and some smart guy will find a way.
        The government always somehow manages to take away a right and sell it right back. So there’s a likelihood that there will be brokers in the future.

      1. Bem, if you ever need a good broth I’m the soup guy.
        But we ain’t doing any Soup Kitchen shit.

  16. what about all the friggin beanie babies my ex left behind? Anyone want to trade them for some Bitcoin?

    1. There’s this mystical place where you can sell any of the old shit in you attic to some weird dude somewhere that is obsessed with it. It’s called eBay.

        1. if only we could spendit on roids AND chinese military surplus…we could change the world

  17. This is interesting and something I would be down to try (especially as a college student). However, I’m confused on something. Let’s say I transferred money from a debit card and that money was used to purchase bitcoins. I then sold those bitcoins for more cash (if I properly understand how Bitcoin works based off this article). Could I transfer this money to my card and withdraw it at an ATM, or is that money only restricted to be used to buy more bitcoins and use those as currency?

      1. That’s it? Looks easier than I imagined it, to be honest. Or maybe I’m just overthinking it.

        1. I mean it can be a pain in the ass sometimes, if you have to wait. But I trade on Poloniex, and whenever I want to put it into my “secure” wallet, I put it in coinbase. You can also buy hardware wallets, which are unhackable, since they’re basically just flash drives.

        2. I see. But I could still put it on my card if I wanted to, even though it’s associated with a bank (and hardware wallets make sure that the money is 100% yours, based off what I’ve read in your article).

  18. Somewhat OT:
    I don’t understanding some libertarians’ obsession with auditing the Federal Reserve System, when it gets audited regularly (you can find the audits online as public documents) and we know where the Fed’s profits go:
    https://www.federalreserve.gov/newsevents/pressreleases/other20170110a.htm
    They seem to assume that the Fed engages in criminal activity, and that their gratuitous audit will get the goods on the racketeering Fed bankers.
    But what if such an audit finds the Fed’s books generally in order and it doesn’t support libertarians’ fantasy belief system about this institution? Then what?

    1. The intent isn’t to get them in some “gotcha”, it’s to have them *for real* audited by a third party. What you posted is the same as Goldman Sachs releasing an investment disclosure form, which means, that you basically are taking their word on the data without third party verification.
      If nothing turns up bad, then great. But they do deserve an impartial third party audit.

    2. It certainly needs to be more transparent. It was founded in murky conspiratorial circumstances, with dodgy politicians manoeuvring behind the scenes, and it remains opaque and from what I understand relatively unaccountable for an institution that serves a public function (but isn’t a government institution). Where I agree with you is that it’s quite possible all this obsessing with auditing the fed is in fact a red herring: people are looking for over fraud / criminality in the mechanisms under the bonnet (monies being somehow secreted into the hands of the Rothschilds or whatever through some private bank acting as a front or whatever). In fact there is probably little that is scurrilous in such matters. The real scrutiny needs to be given to the actual over practice of the fed: the setting up of an institution in dubious circumstances (as aforementioned), the fact that that Milton Friedman (and Bernanke) have admitted that the Fed caused, or helped cause the Great Depression (when it’s rationale was precisely to prevent a massive crash from occurring) and above all in the way the central banking system, both nationally (in the US) and internationally works to control politics in ways that bypass democratic oversight and control. More recently the feds policy – courtesy it seems of Friedman – of quantitative easing / money printing has produced enormous dividends for the rich while generally being agreed to have failed to achieve its purpose. Likewise there is increasing evidence that both private banks and central banks are actually buying not only bonds but also stocks and other assets, and doing so almost indiscriminately. Finally there is the err. ethnic diversity issue which bests the top level. This article will probably get flak for talking of a ‘jewish globalist banking cartel’ yet the hierarchy does absolutely nothing to reverse the kind of stereotypes it always claims it is concerned about

  19. Fiat currency is as valuable as the trust of the population in the government not to screw things up. Cryptocurrencies are as valuable as the trust of the population in the programmers not to have screwed things up. Neither are the basis for money.

    1. Like from Office Space…
      “Ok! Ok! I must have, I must have put a decimal point in the wrong place or something. Shit. I always do that. I always mess up some mundane detail.”

    2. Cryptocurrency is valued on most exchanges at the average amount schmucks will exchange for a unit of that currency. If there are 5000 BitCoin and they sell for an average of $1/coin, the BItCoin has a value of $1. When the market starts to go up (i.e. when people are willing to spend $1.50 per BitCoin), people see it as a gambling opportunity and bid it up higher.
      This is why the BItCoin is so expensive these days – millions of dollars have changed hands for the coins that exist (and, according to what I know of the algorithm, only so many coins can ever exist). There are only two ways out of this: either the currency collapses, leaving everyone with BitCoin holding the bag, or the currency continues to climb indefinitely, until one BitCoin is worth more than the universe (unlikely).
      You want something of value when the global economy collapses? Spend your dollars acquiring skills and goods. At the end of the day, it’s all a barter system.

  20. Folks on this side of the ideological divide should look into Social Credit ideology. Its an obscure idea that achieved some popularity in Canada but has faded. I can’t vouch for its effectiveness..im not an economist. But it does offer a non-socialist alternative to the current banking system.

        1. Grazie…Scarlett was just one of those bitches you wanted to fuck until you fucked that bitchiness out of her system, eh.

    1. Shouldn’t we burn all copies of Margaret Mitchell’s novel and all prints of the film adaption because they show white Southern slave owners in a positive light?

    1. The liberty dollar consisted of overpriced silver and gold rounds. Just about every other form of gold and silver that would be useful for monetary purposes was less expensive. In any case the US federal government stomped them out business.

        1. Except anyone could buy the commodity in round form with much lower premiums. Even bullion silver and gold eagles from the USMint had lower premiums. Same with bullion coins from the Canadian Mint, the Perth Mint and so on. If I had people who were willing to deal with me in gold and silver they would take coins from any of these government mints or rounds from any of the major private mints so why would I buy liberty dollars’ product?
          Their product to the best of my knowledge was not a scam it was simply over priced relative to the competition.

        2. But that’s where the minting comes into play. How would you know whether a blank round is 1 oz of silver or gold or whatever? Yes, you could take coins from other private mints, but no other private mints were trying to create a currency where I could take paper notes and know that they were good.
          Mexican businessman Hugo Salinas Price has written much about monetizing silver for Mexico.
          http://www.plata.com.mx/mplata/articulos/articles.asp

        3. “How would you know whether a blank round is 1 oz of silver or gold or whatever?”
          Probably the same way millions of other people buy precious metals.

        4. The idea that the liberty dollar people were creating a currency is what got them arrested and charged. They were very clear that is not what they were doing. From a legal standpoint they were minting rounds not coins. The government gets rather angry if someone mints something and calls it a coin.
          There are private mints with very good reputations. Their rounds were cheaper than liberty dollar’s. People who know PMs are well aware of them.

        5. You are missing the point. The purpose of a minted coin is to know that is meets a certain standard. Hence the mill marks around coins of old.

    2. Oh, it got off the ground, strait into federal monkey court, the creator being charged as a ‘terrorist’ for daring to empower the people.
      Note that a supposed creator of BitCoin was arrested in Australia.
      Any government doesn’t like it when you start playing their game.

  21. We were discussing underhanded shit that people pull, somewhere in the comments section. Can’t find it as the comments are getting pretty numerous. Anyway, this female real estate broker I was working with for a couple years, suddenly stopped working with me, hired another web developer, and tried to copy my website designs. But she and her developer modified the designs to the point where it was legal for them to do it. I laughed. They thought they would get high rankings in the search engines, by copying me. Nope. There are off-page factors involved, and hidden on-page factors, tons of shit involved. It’s harder than Chinese math. The cunt broker’s business tanked as a result. Hahahahaha – you clueless cunt.
    This has happened four times, that I have found about. People do the most underhanded shit. It’s funny as hell in this case, however, as they wind up with nothing when they try it. One mother/daughter real estate team, I worked with an agent in their same office. Years after they tried to steal what I did, and failed, they kept asking this other agent about me. The other agent would tell them how she still got laydown listings deal from my work, had people flying in to buy houses from all over the country, etc. The daughter’s face would turn purple. Greed is a bitch. But if shit’s over your head, it’s best to pay the expert. Lest you fuck yourself in the ass. This concept is lost on most people. They all know some “computer genius”, usually a family member. That person may be a genius, but the computer is a computer, and the Internet is the Internet and the two are entirely different animals – and search engine optimization is a beast, and it is only one part of the equation: you have to know how to design sites that get the job done (in this case, sell real estate). Not an easy task.
    So the average agent thinks, “Hey! I’ll show my son, Skippy, these cool websites! And Skippy can clone them and make it work!” (This is how they ALL think, pretty much.) The mother/daughter team, the first thing out of their mouths was, “We’re good Christians.” Whenever I hear that one, I run screaming in the other direction. Never do business with somebody who claims that they are a deeply religious person, right out of the gate, within two minutes of meeting you. They use it as cover, so they can justify the heinous shit they are about to do to you. Every. Single. Time.

    1. There’s a lot of magic hidden in websites that most will never see. Even most web designers don’t have a clue how much hidden magic you can use to improve the SEO of your sites.
      It’s like building any piece of code. Most people see something like Microsoft Word and say, “Yeah, if I knew how to program I could create this.” But what they don’t realize is that you need some interesting algorithms to even open document files, algorithms that frighten many developers (because, let’s face it, most computer scientists are scared of their computers’ shadows).

      1. Yessir. I actually went in for a follow-up appointment once, with two real estate partners, about 15 years ago. They were busily printing out the pages of my websites and circling various elements on them, as they were getting ready to make a run at trying to do what I do. I walked in and caught them. People are soulless thieves. This real estate broker once owed me $5000. He’d already paid me $5000, but was balking at paying me the other 5K. I walked into his office without an appointment, sat down opposite him, turned the photo around that he had of his wife and daughters on his desk, looked at it, and said, “Nice family. Fucking pay me.” He fucking paid me. They understand that kind of language. Real estate agents and cockroaches, I think they rank neck and neck, along with politicians, in popularity polls.

        1. When I do design for local businesses (not high-end development, granted, but I’m new in town), I hold their pages hostage. Usually they let me set up hosting and domain rights, and they don’t even think to ensure they have administrative access.
          If they want the site, they have to pay up. I don’t know if this is viable at higher stages of the field, but it sure works for this nickel-and-dime work.

        2. Good call. That’s what I do now. They lease my work from me. I take no suggestions, no design advice. If they don’t pay me what I require, I walk and take the sites with me.

        3. Honestly, I stole the idea from something you said a few months back. I don’t lease sites yet, but I’m trying to do the next-best thing.
          Incidentally, if anyone offers you a contract to develop with Magento (e-commerce), double your usual rate. It can be a mess-and-a-half to work with.

        4. Glad my rants have some merit. Never worked with Magento. However…even though I make this clear with everybody, I still wind up having a few clients who think they own the sites I lease to them. After they start making big money, dementedness takes hold of their brains.
          One bitch, she had an MLS feed that she paid for, monthly, which we used on the sites to show properties to the public. She somehow thought that if she shut me out of the second-party-MLS-feed account (changed the password), she would somehow manage to keep the sites that featured the MLS feed. Heh. What a fool. It all started because she had pushed me to go out with her, and I agreed finally, and then I backed out. So it goes.

        5. Please tell us you “backed out” after ATM. Otherwise you’ve sullied your otherwise sterling reputation.

    2. If a guy ever calls you “brother” in a business setting, punch him in the mouth immediately. Dead on about people proclaiming faith to hide their shady deeds.

      1. eh Ive done that with certain people, not many…dont think that merits a sock in the kisser

        1. In a business setting that would a red flag for me.
          I knew a guy who had a business partner and he would lay it on thick with his christian brother talk. He robbed him blind and got away with it.
          Never start a business partnership.

    3. I could talk with you about this subject all day long Bob!
      When dealing with clients, there are Absolutely certain Red Flags that you come to recognize once you’ve been in business long enough. Luckily, I’m at the point now where I turn down more business than I accept, but it’s never because of the scope of the work – it’s always because of the type of client. The absurd part of all of this, especially for a small or local business, is that customers have the ability to “Rate” their experiences on dozens of websites, yet no website exists for Business Owners to “Rate” their customers…

      1. I like telling war stories and passing them along to guys, and hearing other guys’ war stories. That’s how we learn about things they don’t teach in school. I’d love to see a website that rates customers. Turnabout is fair play.
        If somebody ever tells me they’d like to go for coffee to talk about business, I always pass. Any clown who wants to go to coffee isn’t serious. He probably has no money and wants to turn the tables and sell you on something. Networking events suck, too, in my experience – the only guys who go to those things are broke guys (pretty much). And the people there, if you should wind up selling them, they are usually terrible clients.
        I sold a home builder out once – the guy was a billionaire (or close to it). Most difficult asshole I ever met. He had a reputation for suing everybody. My friends said I was nuts to do business with him. So the guy ended up owing me money. I went to his office and sat in the lobby for two hours while he put me off. Finally, I just walked into his office. He said, “What are you doing, I’m busy.” I said, “I’m here to get that $3000 you owe me this month. Did you already tell Cassie to cut the check?” Then I waited. He crumbled and called the girl to write me the check. Then, I just let him have the site I built for him, although he was leasing it from me. I got probably $30,000 out of him – but I knew he had a propensity for suing people. I figured it was only a matter of time. So I gave him a deal – “This $3000 payment, it’s your last one – you don’t owe me any additional money! And you own the site now, I’m turning the domain over to you.”
        He couldn’t believe his good fortune. Patted me on the back and thanked me on my way out the door. A week later I sabotaged the site (prove it; oh, that’s right, you can’t, and neither can anybody else) and it started to drop in the search engines. He never noticed. That damn thing is still online, he pays the monthly hosting for it, and it’s buried in the search engines and…he doesn’t even know,and it gets him zero business. Ha. Have another asshat agent who fucked me, so I took his site down. He still pays hosting on it – I think it’s $30 a month or something – and there is no site on the domain. When you click it, it reads, “This website is temporarily offline.” (I put a placemat up, just one page, that says that.) He has been paying the monthly hosting for a site that doesn’t exist for over 12 years now. And he never even noticed. I pull up the domain every six months or so, just to make sure it’s still there. Yep. He’s paid probably $4000 in hosting charges for a site that doesn’t exist. Ha. Douchebag.
        Another clown, he told me he was a good Christian – but he told me this AFTER I got his check. So I hustled to the bank and cashed it. He called me up and left a voicemail while I was out on other business that day. “I see you CASHED MY CHECK. Probably SKIPPED TOWN already.” (Good Christian, right?) I called him up when I finished my business (that same day) and said what did you want me to do, frame it and put it on the wall? I’ve gotten so many bum checks from real estate agents, I could start a paper airplane factory. That shut him up. Only worked with him for a year – he was a loser who got divorced and switched fields and thought he could sell real estate. He was wrong. He was unlikable.

        1. I have a story for you…
          I’ve owned my Landscape Construction business here in Texas for about 12 years now, 80% of which is custom residential and 20% commercial. About 8 years ago, we were contracted to install a custom patio/outdoor kitchen/fireplace on a home in a quiet little new gated community (15 homes). It started as a nice little $35k job, and it quickly generated interest from the other neighbors. Within the first week of construction, we signed 3 of their neighbors for very similar jobs and worked on all 4 jobs simultaneously, which isn’t uncommon in most new neighborhoods
          Now, here’s where it gets interesting – as we were nearing completion on each job (3-5 days remaining), 1 client each day began to alert us that they need to leave out of town for either an emergency or business. I was immediately suspicious, but we have a schedule to keep and we’re on the hook to complete the job. Once they left, they were gone. No phone calls, no emails, nothing. The gate code to the neighborhood was even changed!
          We immediately started researching these people and it turned out that they were all Irish Travellers. Up to that point in my life, I had never heard of these people. They all owned paving companies and would leave town for months at a time to other states to scam homeowners by paving their driveways. As we dug deeper, we found that the entire neighborhood was comprised of all their family members. In retrospect, all of the neighbors looked alike and had the same voice inflection – fucking creepy.
          Without collecting their final payments, I lost over $40k. We filed suit and obtained judgments on all of them, but these people are literally judgment proof. Texas is great for business growth, but it’s also a very debtor-friendly state.
          Needless to say, we’ve since instituted a pretty rigorous system to check everybody out – even before we send a salesperson to their home for the initial consultation.

        2. I have never heard of such an outfit. That is good to know. The Irish Travellers, huh? And it sounds like the whole development was infested with them. Probably some organized crime protection there, I would imagine…awesome story, and I learned something new today. Thanks.

        3. Yea, like I mentioned, I had never heard of them prior to this incident. All you have to do is a simple google search for “irish traveller scams” and you’ll discover a whole new world. The more we researched them, we found that many states have these little pocketed communities where they live. Crazy stuff.

    4. The “Good Christian” and “I come from a good Catholic family” phrases are so disingenuous. A good Christian wouldn’t brag to you about it in the first 5 minutes after meeting you.

      1. It’s an obvious attempt at overcompensation. I will not work with anybody who whips that one out and tries to sell me on it.

        1. Never in my life have I ever started a business transaction with “Well I’m a practicing Mahayana Buddhist”

    5. I used to work for a company that leased equipment, doing collection. Every time I heard ” Have a blessed day!” , I knew that I was going to spent huge amounts of time chasing down the deadbeats for the equipment and/ or payments, with it returned in shit condition and at a loss. They would always act like it was my fault too, that they were such scumbags.

  22. To anyone interested in blockchains, it’s a fairly simple bit of design with some fairly complex computation.
    In essence, the blockchain is a long chain composed of blocks (go figure). Each block in the chain contains data (usually encrypted), some security parameters like random numbers (to make it harder to break the chain), and the hash of the previous block in the chain.
    The hash is really where the magic lives. A hash function takes a bunch of data (say, a block) and works its magic to produce a magic number we call a “hash”. With most hash functions we have today, it’s hard to have two sets of data that produce the same hash, and since every block has the hash of the previous block it’s very difficult to edit the chain without being caught.
    Some have referred to it as an ideal audit trail. You can’t change the ledger without being caught (well, you can, but on an active chain it’s nigh impossible).

  23. I see no mention of any word containing “jew” in it in an article called “Destroying the ‘jewish’ globalist banking cartel”

        1. Yeah, let’s see what each and every jewish invention and nobel prize has contributed to humanity. 🙂

        1. After googling jewish achievements since the enlightenment, it’s safe to say he’s serious 🙂

        2. I guess if you consider False Flag operations and manipulation of the media achievements then you’re spot on

  24. OT but Alex Jones had reached out to Pewdiepie on Twitter for direct communication and possible collaboration.
    I know that’s an imperfect alliance but their combined audience is vast and could redpill millions of young people across the world.

    1. The slander of PewDiePie was a turning point for a lot of kids. Sure, I suspect most of his audience is under 18, but they’ve already been exposed to their first tastes of the red pill.

  25. I just looked at the Genesis Mining website and it lacks a lot in the way of actual information. What is the length of the contract? How much can you expect to earn if you plunk down $350 for a week? Month? Year?
    Seems pretty scammy (or just incompetent when it comes to clearly presenting information). Either one is a bad look.

  26. Let’s face it, nothing electronic is safe from the Criminal Elite. If “they” don’t want Bitcoin to succeed, they’ll crash it by sophisticated hacking / theft / devaluation. It exists because they can manipulate and profit from it and allow the plebs to dream about an alternative to fiat currency so they don’t get too randy.
    In reality, the only thing the Elite fear is old-school mob violence directed at their physical places of business or where they live. But, one must be prepared for the higher tech they have in terms of monitoring / preventing / defeating said attacks. Plus, they’ve got many thousands of brainwashed security / police / military forces they can use as human meat shields.

    1. I see so many people that simply do not understand hash collisions, or the mathematics behind 256-bit encryption. No wonder they don’t understand bitcoin et al

    2. there was a hack in which coins with the worth of 65 million $ were stolen from bitfinex

    1. Nah!!! ((( (((crypto))) ((((((CURRENCY)))))) ))): (((global))) (((subjectively valued))) (((untraceable))) (((money))).
      What could go wrong? Oy vey!!!

  27. In the words of the good Admiral, “It’s a trap”.
    Look at the successful prosecutions the US federal government has made because the blockchain allows them to follow transactions. The crypto-currencies are laying important ground work for the cashless society. Where negative interest rates and total financial transparency of your affairs to the government exists.

        1. I’m curious how many will die this time.
          In Germany they now have a new denunciation stasipedia database where some NGO collects names of Anti feminists, alt rights and also “familists” (people who like family are considered as radical now)
          Of some people who had their flag on their website (required in Germany) they have posted their adress so they antifa or who ever can take care of it.

    1. This is blatantly wrong. Bitcoin is far less traceable than credit card or debit card, which would be used to purchase items online.
      I still advocate for using gold, silver, etc. in person, but when it comes to an online money transfer, Bitcoin is the way to go.

      1. The argument presented is that bitcoin is untraceable. That is false. Credit cards are irrelevant to this fact. The US government has already proven it can determine who did what through the blockchain. Then there are a number of others who have achieved the same to various degrees.
        But since you bring up credit cards, considering that the US government can trace both if it wants to and prosecutions are based on them wanting to, we have to consider factors other than privacy. Actually the government still needs to serve the banks etc to get CC info, the blockchain requires no such warrants. Anyways given the number of bitcoin exchange problems and so forth the CC industry is at least not going to have my funds go poof. In fact I simply dispute and not pay should invalid charges appear. No recourse with bitcoin.

        1. Can you give me a source showing that the government can trace block chain? I believe they can if you make privacy mistakes, but if you ever wanted to avoid being tracked, you would just use a moneygram in exchange for BTC, then deposit to an anonymous wallet.


        2. This seems to be as good of place as any to start:
          http://gizmodo.com/a-friendly-reminder-bitcoin-is-not-anonymous-1682885318
          “This is not a secret. I know a lot of you will be all, duh. Bitcoin.org very plainly states “Bitcoin is not anonymous” in its “Things You Need to Know” section.”
          And more specifically:
          https://www.wired.com/2015/01/prosecutors-trace-13-4-million-bitcoins-silk-road-ulbrichts-laptop/
          “In Ulbricht’s trial Thursday, former FBI special agent Ilhwan Yum
          described how he traced 3,760 bitcoin transactions over 12 months ending in late August 2013 from servers seized in the Silk Road investigation to Ross Ulbricht’s Samsung 700z laptop, which the FBI seized at the time of his arrest in October of that year. In all, he followed more than 700,000 bitcoins along the public ledger of bitcoin transactions, known as the blockchain, from the marketplace to what seemed to be Ulbricht’s personal wallets.”
          ….
          “In fact, Berkeley computer science researcher Nicholas Weaver had already shown that he was able to follow more than 29,000 bitcoins from the Silk Road to Ulbricht’s laptop based only on publicly available information.”
          Cash and PMs offer privacy. Bitcoin does not and Swiss bank accounts have largely been rendered a relic of a past age.

        3. Thanks for that, I had no idea. I suppose it’s only anonymous until the feds raid your computer and get access to your wallet address, but that’s certainly a hell of a lot better than credit cards/PayPal which take a % fee, can shut you down (like PayPal did to Roosh), and are incredibly easy to track since all the info is available to a 3rd party.
          I still advocate for using cash/silver/gold in person, but when it comes to online transactions where you have to make a digital purchase, I think that bitcoin is the way of the future.

        4. The computer was taken when he was arrested. The government already knew enough to arrest him. What they got from the hard drive was to secure the conviction.
          As I understand it there fees at the bitcoin exchanges to go from bitcoins to dollars (or euros or whatever) as well as from dollars to bitcoins. The fee taking simply moves locations.

  28. Just discovered a couple of recent articles which indicate that the Feds and their regulators are making serious moves regarding the legislation (and ultimately, the total control) of cryptocurrency.
    De Facto Legislation of Cryptocurrency Is Nigh (the attack dogs and legal eagles are meeting even as we speak) –
    “The Uniform Law Commission (ULC) is holding its 126th Annual Meeting in San Diego on July 14-20. The ULC is a body of legal experts who create model templates for statute law on issues that are considered to be inconsistently or insufficiently legislated throughout the various states. The July meeting will address how state statutes should define terms like ‘bank, create’ and it will hammer out a draft proposal entitled the ‘Uniform Regulation of Virtual Currency Businesses Act’.”
    https://news.bitcoin.com/federal-legislation-cryptocurrency-nigh/
    Prepare for SB1241’s Pit Bull Assault on Bitcoin Freedom –
    “Senate Bill 1241 defines digital currencies as ‘monetary instruments’ and digital exchanges/tumblers as ‘financial institutions’ for purposes of enforcing anti-money laundering laws. If successful, the ‘Combating Money Laundering, Terrorist Financing and Counterfeiting Act’ would inflict unhappy consequences on bitcoin freedom.”
    https://news.bitcoin.com/prepare-for-sb1241s-pit-bull-assault-on-bitcoin-freedom/

  29. Bitcoin will fail, as the majority prefers the collective safety approach over a free for all chaos approach.
    So cryptocurrency is eventually going to become the ultimate financial centralization for daddy government.
    Current value will be manipulated based on historical value, to suit future value.

    1. “So cryptocurrency is eventually going to become the ultimate financial centralization for daddy government.”
      Correct. Its a scam !

    2. every currency will fail…sooner or later.
      Yiu dont have to put all your money into crypto coins but some. if you would have bought 2013 you would have made decent money

  30. Google is paying 97$ per hour! Work for few hours and have longer with friends & family! !pz101d:
    On tuesday I got a great new Land Rover Range Rover from having earned $8752 this last four weeks.. Its the most-financialy rewarding I’ve had.. It sounds unbelievable but you wont forgive yourself if you don’t check it
    !pz101d:
    ➽➽
    ➽➽;➽➽ http://GoogleFinancialJobsCash391OfficeGroupsGetPay$97Hour ★★✫★★✫★★✫★★✫★★✫★★✫★★✫★★✫★★✫★★✫★★✫★★✫★★✫★★✫★★✫★★✫★★✫★★:::::!pz101l..,..

  31. I was discussing cryptocurrency with a friend of mine who has a strong leftist bent. He made the statement that crypto was nothing but fiat money.
    After I stopped laughing, I said, “and just what do you think regular currency is?”

    1. If they allow it it cant be any good , bitcoin is a scam . Land ,Gold ,silver ,Copper, brass, lead ,and powder!

      1. It looks like they play with gold and silver all the time too..having naked shorts worth two times the whole market value. But their long term value has been about inflation.

      1. diamonds maybe? But mostly you get less money for a resell. But at least they are something that exists.
        High class whiskey can also work.
        Know some guy who has bought luxury whiskey from Fukushima area. The bottles that were produced before the accident. The price got really high over the next years, not becuse of Fukushima but because rich guys decided that Japanese whiskey is cool now.

  32. Filecoin is limited to accredited US investors that have more than 1 million $ in their wallet.
    When ICOs become US-centric, like the browser Mozilla Firefox that is also becoming US-centric by the replacement of Brendan Eich by a stupid CMO,I can say the quality is no longer there.
    And speaking about the website Genesis-mining, there is a 504 Gateway Time-out right now.
    Seriously.

  33. Very interesting article and you make a nice bit of extra cash to invest from referrals. Always skeptical of easy money articles but crypto-currencies seem to be worth considering, despite the negative protestations of other readers who on the contrary have very probably already signed up.

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