Showing posts with label Bitcoin. Show all posts
Showing posts with label Bitcoin. Show all posts

Friday, May 17, 2013

The Bitcoin US Government Attack Proves Our System is Slavery

by Jason Liosatos

The US Government’s attempt to close the conduit ‘Dual’ to usurp the Bitcoin phenomenon, absolutely proves they are committed to keeping everyone enslaved to their own money system only, and their action has made a clear statement to everyone that ‘You are our slaves, you can only use our currency and we will punish anyone who tries to leave the prison of debt and slavery that we keep you in for your entire lifetime’. The US governments reaction is yet another whiff of smelling salts to re mind, and re awaken people to the prison they are in, which they were told was freedom and democracy, though of course it is the complete opposite: Imprisonment and slavery.
Bitcoin, the digital, virtual online currency is the canary in the cage, and has shown us that we are indeed prisoners to this system, designed for debt and to trap the people in its lifetime web like a spider does, though the spider is less cruel than the unscrupulous oligarchs, at least the spider lures you into its web, ties you up, rendering you helpless then eats you in a couple of weeks, whereas the ruthless governments who have enslaved humanity, trap people in the web of debt, and keeps them alive feeding off their energy for their whole lives, literally as slaves in their work camp using their currency and nothing else, which they give us then we give it back when we spend it again.
Governments worldwide have made it illegal to use any currency other than theirs, what an audacity, making it clear that we are their slaves and we will not escape the prison they have forced us into. They are literally the heroin dealers and the populations are their addicted users, having been rendered virtually helpless without their money system they have told us we can use.
Bitcoin and other virtual currencies are a nightmare for the governments, our slave masters, and captors because these new currencies are allowing humanity to turn their backs on the system of complete control and fear via complete slavery, and creating a sort of escape tunnel away from the government prison of debt and despair.
At last the chloroform and amnesia is lifting for humanity, and the shocking truth is emerging from the fog of fear and deception that we have been coerced and manipulated to think we are free, but in truth we are all born into a prison of debt and a lifetime of slavery where we literally have our lives and time bought, but that is changing as people everywhere are at last feeling and seeing the chains that bind them.
It is a fact that the realization that you are in a prison only becomes evident if you try to leave, whether you ask nicely, or make a break for it, because only then do you feel the wrath of the prison warden who tells you to return to your cell and get on with it.
Bitcoin is an attempt to break out of prison, and although it is a better alternative to governments notes and coins, it is still another prison of debt via a money currency, albeit an illusory, virtual one, which further highlights the insanity of our system generally. As Gurdgieff said: ‘If you want to escape from prison the first thing you must do is recognize you are in prison’. I have been telling people for years that we will only be free when we can operate completely free from government control, I believe that point is upon us now, and it is us the population that will ultimately make the decision and distinction between freedom or continued slavery. – Jason Liosatos. www.jasonliosatos.com
 

Thursday, April 18, 2013

Breaking News! Bitcoins for Booze - Digital Coins Is Becoming Legal Currency Again!!!

Breaking News! Pay Your Tab With Bitcoins - Digital Coins Is Becoming Legal Currency Again!!!
Bitcoin is attracting the attention as a wildly-volatile, all-digital currency. How does it work? How are criminals taking advantage of it? How risky an investment is it?

BITCOIN The Digital CURRENCY: What is It ? Can This Be The New GOLD Standard

It's even gotten the attention of economic heavyweight Paul Krugman, who has said it's like a reimplementation of the gold standard.

Bitcoin (sign: BTC) is a decentralized digital currency[9][10] based on an open-source,[11] peer-to-peer internet protocol. It was introduced by a pseudonymous developer named Satoshi Nakamoto in 2009.[12]

Bitcoins can be exchanged through a computer or smartphone locally or internationally without an intermediate financial institution.[13] In trade, one bitcoin is subdivided into 100 million smaller units called satoshis, defined by eight decimal points.[4]

Bitcoin is not managed like typical currencies: it has no central bank or central organization. Instead, it relies on an internet-based peer-to-peer network. The money supply is automated and given to servers or "bitcoin miners" that confirm bitcoin transactions as they add them to a decentralized and archived transaction log approximately every 10 minutes.

The log is authenticated by end-users through hashed ECDSA digital signatures (similar to a username and password) and confirmed by intense calculations of varying difficulty, performed by dedicated servers called bitcoin miners. Each 10-minute portion or "block" of the transaction log has an assigned money supply that is awarded to the miners once a "block" is confirmed. The amount per block depends on how long the network has been running and how much in transaction fees has been paid. Currently, 25 new bitcoins are generated with every 10-minute block. This will be halved to 12.5 BTC during the year 2017 and halved continuously every 4 years after until a hard limit of 21 million bitcoins is reached during the year 2140.[1][12]

Bitcoin is the most widely used alternative currency[3][14] and accepted by various merchants and services internationally. As of March 2013, the monetary base of bitcoin is valued at over $1 billion USD.[15][16][17] The large fluctuation in the dollar value of a bitcoin has evoked criticism of bitcoin's economic suitability as a currency.[18]

Bitcoins can be sent and received through various websites and apps. They interface with bitcoins stored locally or with a service. They use a system of ECDSA digital signatures to make and verify transactions.
List of bitcoin wallets
Armory http://bitcoinarmory.com Bitcoin-Qt Coinbase Electrum Flexcoin Multibit
My Wallet https://blockchain.info/wallet Proprietary Web application w/ encrypted hosting

Users obtain new bitcoin addresses as necessary; these are stored in a wallet file with links to cryptographic passwords or "private keys" that enable access to and transfer of bitcoins. A file or "wallet" containing bitcoin addresses is usually encrypted with an additional password.
The network's software confirms transactions when it records them in the transaction log or "blockchain" stored across the peer-to-peer network every 10-minutes. Confirmation of future transaction records makes the ones before it increasingly permanent. After six confirmed records or "blocks" (usually one hour), a transaction is usually considered confirmed beyond reasonable doubt.

Initiators of a bitcoin transaction may voluntarily pay a transaction fee for the confirmation of these records. Any fees are collected by the operators of bitcoin servers -- often called nodes or "bitcoin miners". However, transaction fees may not cover the cost of electrical power required to operate a bitcoin miner. As a result the network server operators often rely on "mined" bitcoins as their only significant revenue.[19

Various vendors offer banknotes and coins denominated in bitcoins; a bitcoin private key is sold as part of a coin or banknote. Usually, a seal has to be broken to access the key, while the receiving address remains visible on the outside so that the balance can be verified.

Saturday, April 13, 2013

Why Bitcoin Could Be Revolutionary





Bitcoin threatens the monopoly that is the issuance of currency, units, debt, money and the very money masters of the world economy. They will be attacked. Bitcoin MAY be a truly revolutionary global financial instrument. why Bitcoin crypto-currency provides an alternative to central bank traditionally issued currencies . Bitcoin, although volatile and in its early stages as a technology, may be one of the most important inventions of the past several CENTURIES. It would be utterly insane and irresponsible to allow a handful of PR hacks, bank executives, and bought politicians to discredit something with so much potential. America used to be a place that actively encouraged innovation in our financial products and technology -- we should be that place again.

Friday, April 12, 2013

The Great Gold vs Bitcoin Debate: Casey vs Matonis






Doug Casey of Casey Research (www.caseyresearch.com/) debates e-money researcher (themonetaryfuture.blogspot.co.uk/) and "crypto economist" Jon Matonis on the virtues -- or otherwise -- of Bitcoin, and how it compares to gold as a form of money.

Casey, a Bitcoin sceptic, notes that Bitcoin satisfies Aristotle's definition of what constitutes "good" money in all but one important aspect: that it doesn't have value in any kind of non-monetary sense, unrelated to its use as a medium of exchange. This is in contrast to precious metals, which have unique chemical properties and uses in an industrial context.

Matonis argues that this is unimportant set against Bitcoin's strengths: notably the ease of transacting in them and its decentralised nature, meaning that there is no central point of attack for its enemies (whoever they may be). He also points out that -- unlike gold -- physical confiscation of Bitcoin, a la FDR in 1933, is for obvious reasons impossible.

This podcast was recorded on 11 April 2013.

Thursday, April 11, 2013

Max Keiser : Bitcoin Millionaires vs Paper Billionaires





Max Keiser and Stacy Herbert discuss both the Dow and bitcoin hitting an all time high as the Fed continues to print $85 billion per month for Wall Street handouts whilst the sequester cuts $85 billion from services to the poor, the elderly and soldiers. They also talk about house prices tripling to all time highs in Hong Kong (thanks to quantitative easing) whilst 'surreal' ghost cities are built in mainland China but which nobody can afford and about how incomes in America are collapsing - thanks to quantitative easing. In the second half of the show, Max Keiser talks to Charles Hugh Smith of OfTwoMinds.com about both socialism and capitalism leading to debtism.

The Bitcoin Debate: Economics vs. Virtual Reality




What is bitcoin, and why is it suddenly the hottest thing in global currency markets?
April 11 (Bloomberg) -- Bloomberg's Sara Eisen and Economics Editor Michael McKee debate the intrinsic value of Bitcoin as the virtual currency has seen its value plunge due to increased interest. They speak on Bloomberg Television's "In The Loop."

Max Keiser : Bitcoin The New Currency to Stick it to the Banks



Max Keiser on Bitcoin Currency : Abby Martin talks to Max Keiser, host of the Keiser Report, about the global economy and the growing popularity of the decentralized digital currency known as the Bitcoin.
 it has a limit. you can't cointerfeit  Bcoin, due to the energy used to make a transaction. plus Bcoin can't inflate, lose purchasing power or be diluted ergo 1BC=1BC.
Bitcoin and other digital currencies using the code of BCoin will make a decentralised plethora of currencies ie. Bcoin, Tcoin, FCoin, even Fed coin.
though because of the consensus of Bcoin, Tcoins and alt currencies will NEVER expand Bcoin AS Bcoin, the code wont register. the data can't be converted into 20+ million Bcoins
it's an asset, it's not fiat (unlimited)
there will be only 20 million in the world.
thereby Bitcoin, is like a comodity, (gold standard)
plus Bitcoin's velocity is quite fast thus because it's not a currency.
it's like metal.

Bitcoins much safer than Money in Banks



Bitcoin's 'anything goes' nature has made it a target for hackers, who quickly learned to steal the virtual money. But William Mook, an entrepreneur who tracks bitcoin markets, says the actual damage is being exaggerated.
bitcoin specifically has *many* great things. where i think fails:
>its user base is growing when it should be stable;
>people are trying to use it to earn money;
>speculators scaring newcomers;
>hoarders holding on to it until it is worth a gazzilion other value.
Its a currency, for trading, measuring value, you know... stretching rubber as a ruler is not good. So, not using it solely for the purpose of facilitating trading actually removes value from it.
The bubble has the size of the lack of actual trade being done with it, the sum of it's users unwillingness/inability to get paid in bc, and ability/willingness to pay with bc.

Is Bitcoin The Future of Money ?

Bitcoins are a digital, decentralized currency used by thousands worldwide, and the idea is growing quickly. We take a look at the pros and cons of the controversial replacement for cash which aims to take on the banks.

Bitcoin is the world's first fully decentralized, peer-to-peer (p2p) virtual currency. It allows users to make anonymous and untraceable cash transactions anywhere in the world without any sort of real-world intermediary. So unlike PayPal and other online services, it can't be squeezed in the same way by governments or other control agents.

Created in 2009 by a shadowy figure who goes by the name Satoshi Nakamoto, there are currently about 6 million bitcoins in circulation. That number will eventually rise, in regular intervals, to a total of 21 million by 2033. A money system without any sort of central bank? A currency whose supply increases at a steady and predictable rate according to a concept elucidated by the Nobel laureate economist Milton Friedman?

Just how revolutionary is Bitcoin?

Wednesday, April 10, 2013

Webbot Clif High : Bitcoin, Global Currencies Collapsing, Alternative Media Agents of TPTB


25-Mar-2013 Clif High Wujo, Bitcoin, Global Currencies Collapsing, Alternative Media Agents of TPTB

Title: 25-Mar-2013 Clif High Wujo, Bitcoin, Global Currencies Collapsing, Alternative Media Agents of TPTB
Recording Date (start): 25-Mar-2013 05:49 AM Pacific Coast of North America Daylight Savings Time
Release Date: 25-Mar-2013
Runtime: 46m 40s (2800s)

Topics Discussed:
Bitcoin as Early Warning for the Global Currency Collapses Coming Soon.
Hyperinflation, Gold and Silver, and US Dollar as Debt, Blood and Death Currency.
Global Coastal Event and Electronic Currencies including Bitcoin.
Bitcoins Mined at the rate of 25 Bitcoins every 10 Minutes.
Clif sees Bitcoin Passing $500,000.00 USD per Bitcoin, although he is always wrong about such things.
Piscean Age vs Aquarian Age Centralized Criminal Banking vs Peer-to-Peer Currencies.
Threshold for the Death of the US Dollar Coming in 8 to 11 Days.
Alternative Media Agents of TPTB (The Powers That Be) Coming Out on Mass for you for Labeling.
Buy Food, Stock Up on Food, Store Food. Buy Seeds, Store Seeds and Grow Food.

Friday, April 5, 2013

A GUIDE to BITCOIN - Will the Federal Reserve Allow This Digital CURRENCY to go MAINSTREAM?





You've probably noticed people talking and tweeting endlessly about "Bitcoin" lately.

It's even gotten the attention of economic heavyweight Paul Krugman, who has said it's like a reimplementation of the gold standard.

Bitcoin (sign: BTC) is a decentralized digital currency[9][10] based on an open-source,[11] peer-to-peer internet protocol. It was introduced by a pseudonymous developer named Satoshi Nakamoto in 2009.[12]

Bitcoins can be exchanged through a computer or smartphone locally or internationally without an intermediate financial institution.[13] In trade, one bitcoin is subdivided into 100 million smaller units called satoshis, defined by eight decimal points.[4]

Bitcoin is not managed like typical currencies: it has no central bank or central organization. Instead, it relies on an internet-based peer-to-peer network. The money supply is automated and given to servers or "bitcoin miners" that confirm bitcoin transactions as they add them to a decentralized and archived transaction log approximately every 10 minutes.

The log is authenticated by end-users through hashed ECDSA digital signatures (similar to a username and password) and confirmed by intense calculations of varying difficulty, performed by dedicated servers called bitcoin miners. Each 10-minute portion or "block" of the transaction log has an assigned money supply that is awarded to the miners once a "block" is confirmed. The amount per block depends on how long the network has been running and how much in transaction fees has been paid. Currently, 25 new bitcoins are generated with every 10-minute block. This will be halved to 12.5 BTC during the year 2017 and halved continuously every 4 years after until a hard limit of 21 million bitcoins is reached during the year 2140.[1][12]

Bitcoin is the most widely used alternative currency[3][14] and accepted by various merchants and services internationally. As of March 2013, the monetary base of bitcoin is valued at over $1 billion USD.[15][16][17] The large fluctuation in the dollar value of a bitcoin has evoked criticism of bitcoin's economic suitability as a currency.[18]

Bitcoins can be sent and received through various websites and apps. They interface with bitcoins stored locally or with a service. They use a system of ECDSA digital signatures to make and verify transactions.
List of bitcoin wallets
Armory http://bitcoinarmory.com Bitcoin-Qt Coinbase Electrum Flexcoin Multibit
My Wallet https://blockchain.info/wallet Proprietary Web application w/ encrypted hosting

Users obtain new bitcoin addresses as necessary; these are stored in a wallet file with links to cryptographic passwords or "private keys" that enable access to and transfer of bitcoins. A file or "wallet" containing bitcoin addresses is usually encrypted with an additional password. bitcoin "federal reserve" "digital currency" digital currency produce money printing print nothing internet "internet currency" payment "payment system" code bank show owner guide beginner learn truth future trade trading virtual buy sell gold anonymous amount price value "accept bitcoin" accept buying purchase shopping fed hack deals crime cash paper theft account 2013 2014 america u.s. "united states" american agenda economy dollar usd collapse crisis banking interest risk gold silver bullion "gold bullion" trust sheeple alex jones infowars gerald celente trends trend trending national geographic inside vault money vault david icke system matrix lindsey williams elite control mafia jp morgan spot price farrakhan 829speedy
The network's software confirms transactions when it records them in the transaction log or "blockchain" stored across the peer-to-peer network every 10-minutes. Confirmation of future transaction records makes the ones before it increasingly permanent. After six confirmed records or "blocks" (usually one hour), a transaction is usually considered confirmed beyond reasonable doubt.

Initiators of a bitcoin transaction may voluntarily pay a transaction fee for the confirmation of these records. Any fees are collected by the operators of bitcoin servers -- often called nodes or "bitcoin miners". However, transaction fees may not cover the cost of electrical power required to operate a bitcoin miner. As a result the network server operators often rely on "mined" bitcoins as their only significant revenue.[19

Various vendors offer banknotes and coins denominated in bitcoins; a bitcoin private key is sold as part of a coin or banknote. Usually, a seal has to be broken to access the key, while the receiving address remains visible on the outside so that the balance can be verified.

Webbot Clif High: How Bitcoin will collapse currency as we know it

Recorded on April 4, 2013 . In this episode, Clif High gives a primer on Bitcoin, which he believes will collapse currency as we know it

The Clipper chip was an attempt by the gov't to have access to everybody's encrypted information by forcing them to use an encryption chip which had a private key accessible by the gov't at all times. It is analogous to the gov't attempting to seize somebody's Bitcoins, it was a failure with the Clipper chip and it would be a failure with Bitcoin. Unless the government is torturing you, there is no way for the to steal your private key which you use to sign Bitcoin transactions.

Friday, March 29, 2013

Bill Still ~ Bitcoin Is Not A Democratic Money System and cannot serve the public Interest





Bitcoin may be a good investment, but are they a good investment in freedom Bill Still (wikipedia ) Bitcoin (sign: BTC) is a decentralized digital currency based on an open-source, peer-to-peer internet protocol. It was introduced by a pseudonymous developer named Satoshi Nakamoto in 2009. Internationally, bitcoins can be exchanged by personal computer directly through a wallet file or a website without an intermediate financial institution. In trade, one bitcoin is subdivided into 100 million smaller units called satoshis, defined by eight decimal places. Bitcoin does not operate like typical currencies: it has no central bank and it solely relies on an internet-based peer-to-peer network. The money supply is automated, limited, divided and scheduled, and given to servers or "bitcoin miners" that verify bitcoin transactions and add them to a decentralized and archived transaction log every 10 minutes. The log is authenticated by ECDSA digital signatures and verified by the intense process of bruteforcing SHA256 hash functions of varying difficulty by competing "bitcoin miners." Transaction fees may apply to new transactions depending on the strain put on the network's resources. Each 10-minute portion or "block" of the transaction log has an assigned money supply. The amount per block depends on how long the network has been running. Currently, 25 bitcoins are generated with every 10-minute block. This will be halved to 12.5 BTC during the year 2017 and halved continuously every 4 years after until a hard limit of 21 million bitcoins is reached during the year 2140. Bitcoin is the most widely used alternative currency. As of March 2013, the monetary base of bitcoin is valued at over $800 million USD. The large fluctuation in the dollar value of a bitcoin has evoked criticism of bitcoin's economic suitability as a currency

Monday, March 11, 2013

Max Keiser ~ Buy Bitcoin and Kill the FED



Max Keiser admits that he has become a bitcoin millionaire after bitcoin increased by 200 percent this year , Forget 10,000 US. This will be the Moon Shot the stackers have been dreaming about. We now live in a Digital Electronic Age. When Bernanke said 'Barborous Relik' he was Spot-On. Maybe the only sensible thing this guy ever said. I will now let you into a little secret. Ever heard of the New World Order ? The 'Global Digital Currency' ? Well here it is. You can jump on or be left behind. Your choice - The Slave Queeen ??? LOL - Get yourself an ASIC Miner - that's future of Global Digital Money.
The entire Internet exists only in Cyber Space. All of the current payment systems are Old World pre-internet. The Internet is desperate for a digital peer-2-peer currency. This is the New World Order currency , you can either adopt it or be left behind.

Sunday, March 10, 2013

Is Bitcoin The New Economic Revolution ?

(CNNMoney) Bitcoin sounds like something from science fiction: A purely digital currency, created by an anonymous hacker, that operates outside the world's traditional banking systems. The four-year-old currency is very real, though, and it's trading an all-time high, tripling in value in the last two months alone. One bitcoin is was worth about $40 U.S. dollars on Tuesday, and surged on Wednesday to nearly $49. That's up from around $13 in January, and 5 cents in 2010, according to Mt. Gox, the bitcoin market's main exchange. On that and other trading sites, buyers can swap their digital coins for cold, hard cash.


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