Honorable Bitcoin

Authorities should be aware of simple principles.

Who's leading the crypto market?
It's the crypto oligarchs, not the people, not the free market.
(mining ogre companies, big exchanges...)
Good bye, TRUST and PRIVACY for the small people!

Who can control oligarchs ? Nobody! ...except the civil LAW.
The supply and demand are not enough. Because monopols and oligarchies are not contrallable by the market.
They are actually subjugate the free market!
It's only the civil law.

How can the civil law tolerate oligarchy ?!?
Only if the representatives of the people are not aware of how this crypto sht is really working and scamming

Again...
Here's how is working...
How could the crypto system be private, safe, trustworthy???
They are "nobodies" ...and the ones we know are only alike those hams Craig-McAfee-Not-KPMG crooks and clowns !!!

But they have your stake amounts, your private personal data... !

I didn't meant the blochchain!
I mean those: Huobi (Singapore) , Bittrex (USA), Bithumb (Korea), OKEx (Malta), Bitfinex (Hong Kong), Coinbase (USA), Bitstamp (UK-EU), Kraken (USA).
Who are these guys? What's behind them? Where they keep my private data? If any leak or they just disappear, who's responsible and how can I get my funds back?
Do you trust those private slicks ?!?
I don't!

Here's the crypto system privacyfor dummies!

1. I personally have faith in the UK Parliament for instance.
2. The Bank of England has huge resources behind it to maintain the stability of the pound.
3. The Monetary Policy Committee exists purely to maintain this stability not to rob people! They're not perfect, but generally they do a very good job.

So that's why I would trust the pound or the cryptographic pound, dollar or yen and not cryptocurrencies.

Nope, is not that. They don't use AML as an excuse to centralize the "blockchain money".
Because money laundry happens in fiat as well.

It's because the anonymity of the transactions in the crypto systems.
It gets harder for the law enforcement to follow the money if ML operations.
Which makes crimes, terrorist financing, scams and frauds much more easy in the crypto ecosytem.
It's real, it's not an "excuse".

So it's the crypto system itself...:
- xyz transferred to yxz, a few (?) pieces of shitcoin
- yzx transferred to xzy, a few (?) pieces of shitcoin
- zxy transferred to zyx, a few (?) pieces of shitcoin
- yxz transferred to xxy, a few (?) piece of shitcoin
- xzy transferred to yyz, a few (?) pieces of shitcoin
- zyx transferred to zzx, a few (?) pieces of shitcoin

Woooooooooow, is that what you call transparency, "trustless" ???
Just because everybody can see this meaningless list - ledger ?!?

Now, any of those transfers could be the payment for a coffee ...or a "laundry shop" bill !
If any of that it's a ML operation, who the fck knows who are: xyz, yzx, zxy, yxz, xzy, zyx, xxy, yyz, zzx,... ?
Law enforcement will beg Brian Armstrong to tell ?!?
Get the fk outta here!

Bitfinex to launch options and gold-backed stablecoin

Those tether scammers... smart now, betting on gold... gold is magic Hoarding value seem fantastic for big money. But cryptic-gold is not that magic ...yet

Bad for bitcoin.

Again...

Crypto at its best might replace gold. Wooow, great!
But the financial world has already given up on the gold standard. Long time ago.
Why?
Because it deepens the recessions. Simple as that!
If you're not blind, history shows that any artificial rigid "stable" value transforms the recessions into depressions!
BAM! Just like that!

That's why they have invented that flexible monetary policy, to alleviate the peaks and troughs inherent to the free market economies.

Gold enriches the rich, but it creates deflationist spiral and makes the poor even poorer!


So what are those McAfee-Not-KPMG monkeys playing here?!? ...just bullshitting the naive

Ok, say bitcoion is the new gold.
The holy fkn cornerstone of value. Ok.
That will save the Big Money against the macro backdrop. Perfect.

But a cornerstone of value will suck in all the Big Money if recession ...because the risk aversion.

And deflationist spiral goes like this:
The Big Money will start hoarding money because its value is now increasing.
No more investment appetite.
Just hoarding bitcoin. Expensive bitcoin hoarded by the rich will make miserable the poor.
The rich will become even richer ...and the poor even poorer.

And there we go spiraling:
...buy expensive bitcoin -> low investment -> low busines -> low jobs -> low income -> low spending -> low life - it results more expensive bitcoin -> buy bitcoin -> low investment -> low busines -> low jobs -> low income -> low spending ...low life -> more expensive bitcoin -> buy bitcoin

So those illiterates are talking a new gold standard? A new item standard?
After all that depression history and the gold standard problems ???

Why those imbeciles never learn?
Simple. Because they are crooks, shills, business councilors for the big money ...they just don't want to learn!

Bye, byeee, bitcoin!
...aaand the crypto whales and orcas are dumping their shit. Fair enough.
Nobody is that stupid to be left alone holding the bag

The show isn't over yet but it certainly is looking bleak today.

Going down???
...and it's totaly clear for everybody that bitcoin is a hoax.

Casino chips money ???
Private money???
What is this little children idea, anyway ???
Toy money???

The Exchanges:
- no decentralization,
- still distrustful middle man,
- high vulnerability, hackers,
No sustainability on large scale because the huge energy wasted ...per block!!!
No sustainability on large scale because only 7 transactions ...per second !!!
The highest volatility ever seen...

Only crooks, speculators, gamblers, criminals, oligarchs...
...and their victims, the stups, the naive, dreamers...

Miners should be worried.
Their electric power bills feels like inflationary now!
...their profit is fading

Hey, it wouldn't be the first time when bitcoin worth nothin' more than the electricity they waste to produce it
___________________________
Crypto industry is doomed by definition only because the crypto system alone.
Bitcoin mining will fall under the Tragedy of Commons principle ...at some future point in time the mining reward will drop to zero.

There will be fewer bitcoin miners available due to little to no block reward from mining.
The only profit will come from transaction fees which will rise over time as oligarchic mining plant owners will grow greedy and nobody can stop them to rise fees for their transactions processing business.

Billions of daily transactions will cost huge amount of electric power and they won't be able to low the fees at a sustainable level.
And BOOOOOOOOOOM!

Yeah, fantastic, and I pay for coffee $2 every day and $0.32 fee, ...WTF, 16%?!?!

...how many times per day people move $310 millions ?!?

Your example is ridiculous for most of the people's payments !!

Why are those guys keep repeating the same bad idiot exmples???
Oooh, because there are so many stupid believers!

...oh, excuse me, are you actually promoting Visa in fact, not crypto??? Now it makes sense

...and ok, if ALL world get high on crypto, I promised Greta to stay at one cup of coffee per day, no more!
I mean if every dude could afford 2 cups of coffee a day, the crypto system would fry!

Disaster-prone areas are not liable to ruin because they are unbanked, sub-banked, no financial freedom, inflation, whatnot...
It's not the money's fault there !!!
Money problems are just consequences, not the causes!
Consequences of bad politics and corruption.

Those nations can't be helped on the long run only from donations.
Even if it's good business for the Red Cross there and it justifies the RC "saints"!

The solution is to help them to rebuild the economy, investments, trade!

Crypto solely can't save the world from stupidity, greed and corruption!
On the contrary, crypto will add more stupidity, greed and corruption.
Just take look at the crypto oligarchic companies, exchanges... those will suck all the money, making those areas even more "disaster-prone"!
Yeah, just give them time... patience!

We've already seen the bitcoin at $50000 a piece in some poor corrupted countries, FFS!!

So, inflationary effect is a FACT! It's there and it's really working!
Rigid artificial value assets are deepening the crisis! (gold standard, bitcoin... )
It's fkn elementary economy knowledge!

So the crypto is not a solution where is poverty and high corruption !
Because it catalyzes all the smart money deepening the crisis!
...you cunning crypto shills!

It works like this:
Disasters and poverty generates also investment risk aversion, and all that particular national currency will fly after more valuable assets as bitcoin, sucking all the smart money in the country ...it follows: no risky investments ...just hoard attractive valuable bitcoin ...economy will become even more miserable and the poor will become even poorer!

How stupid is this, McAfee-Ignatov?

Oh, there are some honest crypto people who recognize that bitcoin is centralized

But wow, here's solution: "...redistributing mining reward based on mining power contributed" ?!?
Seriosly!

As the mining reward tends to zero, the competition will make its natural selection eating up the small ones,
therefore only the big sharks will be left standing at the end of the mining game.
That will leave the protocol, the 51% attacks,... at their moods!

Crypto oligarchy pretend to be much trustworthy than the Fed or the Bank of England ?!? ...smooth jokers!

Enter the Bart Simpson pattern!

Bitcoin is the most easy to manipulate asset.
The ogre 4-5 bitcoin addresses have total control.
And the stups use to blame the banking system! Pathetic!