Bitcoin and Cryptocurrencies.
The New Algorithms of Total Control.
Has Bitcoin simply become a mental training exercise to get us used to the idea of Electronic Money?
What are the Biggest lies being put out by the Big Banks and Governments?
The cryptocurrencies, among which Bitcoin is the most famous, have had an exponential growth, and many speak of cryptocurrencies as a real revolution in the Financial World.
But Bitcoin it is neither "crypto", nor does it qualify as a real currency. Crypto means secret, and while the Blockchain does have an element of secrecy, it does not do a very good job of protecting Users' data, and does not guarantee the anonymity of the transactions.
Finally, the Bitcoin it is not a currency, it is only an instrument of speculation, one that doesn’t have much actual utility value and though many holders of Bitcoin won’t like what I’m saying, but within a couple of years Bitcoin could become a piece of discarded historical garbage.
No matter what anyone might wish for there are simply too many reasons to even take the time to go into concerning why it doesn’t have the capability to be an international currency.
Next, and for better or for worse, though they’re claimed not to be, cryptocurrencies are controlled by people with tremendous influence over them, people who are trying to change the world economic system.
There’s nothing wrong with changing the economic system, because it is in a desperate need of change; however, with the blockchain and the cryptocurrencies it supports, the ultimate beneficiary often depends on the corporate director’s political convictions.
For a new system to be truly liberating it cannot have any political affiliation. And cannot be under the control of any private entity, be it a bank or a private corporation.
It is curious that Satoshi Nakamoto’s first letter was dispatched only one and a half months after the bankruptcy of the investment bank Lehman Brothers, when the financial crisis reached its peak...
Тhe idea of a global currency is not new because in 1988 there was already talk of a new means of payment that would appear in the future and it would be called Phoenix, and it was the Rothschilds who generated this idea.
The very name “Phoenix” conjures up images of something rising-up out of the ashes. Ashes like the collapse of a financial system or a society.
There is too much historical evidence all the way back to the Greeks and the Roman Empire showing us how the bankers have engineered the takeover of finances and entire civilizations through the manipulation and degradation of currencies and the engineering of stock market crashes.
For those of you who might be critical of this viewpoint, here’s something to consider. I refer you to the stock market manipulation engineered by Nathan Rothschild in 1815 when he premeditatively (intentionally) caused the English stock market to crash using fake news. He collapsed the English economy and then bought it all up for mere fractions of its worth.
Here’s what he is reported to have said after his takeover of Brittan’s money supply:
This is history, not conjecture.
IT CAN’T HAPPEN HERE
But you might say “It can’t happen here” or “That could never happen again!”
To that I offer this quote attributed to the famous American author Mark Twain:
“History doesn't repeat itself but it often rhymes,”
Mark Twain
The Bankers current line of attack is to create a single world currency which is sponsored and controlled by the major Central Banks including the Federal Reserve of the United States, the Central Bank of England, the European Central Bank, the Central Bank of Japan, the Central Bank of Switzerland, the World Bank and the Bank of International Settlements, all of whom are members of a globe straddling cartel determined to control the Finances of the World.
But how can it happen? Won’t the Government and Independent business step in and prevent it? In short, not likely. Big Corporations, all the politicians and the stock market all feed at the same trough.
PLEASE don’t think that any politician in office doesn’t know what’s going on. Ever hear of deficit spending?
Here’s a quote from our friendly 19th century Banker family to answer that.
“The few who understand the system, will either be so interested from its profits or so dependent on its favors, that there will be no opposition from that class."
Rothschild Brothers of London, 1863
This guy knows what he speaks. For all practical purposes after he engineered the crash he owned England. And his family probably still does through complicated contracts and corporate structures. He even has his own sovereign land in the middle of London. Two square miles called “The City” for short that even the Queen cannot enter without permission. Don’t believe it, look it up.
Even the Chinese have been adopted or coopted by the world bankers. They have been included in the World Bank network since 1980, and who are reputed to owe the World Bank over US 40 Trillion, and are involved in the scheme. Their objection to Facebook’s currency is part of it. They want their currency to be included in the basket of international currencies that will make up the new monetary system and don’t want a big gorilla like Facebook to assume too much power.
It is the currencies of these countries or unions of countries that at the moment work as means of international payment, this new world currency would be like a kind of current federal reserve banking system which is composed of regional reserve banks.
Before you embrace the thought that such an arrangement might be OK, you must consider that the only difference between good and evil is how something is being used and what its purpose is. In that light, realize that these financial institutions don’t just issue currency … they loan it to the people … and then charge an interest.
Then when they run into problems with their balance sheets they buy up assets to justify their inflated figures. In the USA, the Federal Reserve has been buying up a large number of US Government Bonds, thus pushing up the price of those bonds for the ordinary investor, and they’re buying up Mortgage-backed securities, which are liens on real property. They are buying up America with invented money created out of a magical checkbook with a zero balance.
This is insane. They create money out of nowhere, and by fiat declare it legal tender, and then charge interest on it. And what is it backed by?
It’s backed with your life, the sweat of your brow, and your property as security.
Then when their scheme which requires continual inflation and economic expansion runs into problems they buy up private assets to make their balance sheets look good. This is once again not assumption. It’s hard fact and available for all to see, written in their own words. Doing exactly what’s happening today has been in their plans since 2002 and can be read in a recorded statement by former Fed Chair Ben Bernanke.
These Banks are not giving anything to the world. They are issuing currency into existence as debt.
Debt that all citizens assume as a liability whether they want to or not and then have to pay it back with interest.
But the debt is already so large it can’t be repaid. The US and most other countries are in very serious debt, but Switzerland, the assumed seat of finance, is in far more debt that the US. China is also a financial time bond. The EU is tottering with banks, such as Deutsche Bank, on the brink of collapse.
So, they try to wave a magic wand and create more magical money, but it’s dark magic. The money being loaned to the people is in effect creating a society of indentured slaves. They make it look like they’re helping, but they’re not.
It reminds me of a song lyric in a piece by the band “America” written in 1974 which goes:
“OZ never gave nothing to the tin man that he didn’t, didn’t already have.” (https://www.youtube.com › watch)
Let’s keep it simple, a country’s money is the property of its people, it’s an expression of their productivity, not the property of the banks.
The Banks issuing fiat money is in effect, the greatest con game and Ponzi scheme ever created and it has all the legal (and even regal) trappings. What gives the banks the right to issue currency? And please don’t say the government, because they’re part of it.
And even if Banks did have the right to issue money, how can they get away with LOANING that phony money to the people.
How could that be? How could it be legal and accepted? It could only be legal if the Governments, “the law makers” are involved.
This is madness, who will benefit from this development of the situation and the confusion it creates?
Certainly, it would be the owners of the money, who are now the shareholders of the Federal Reserve and the other interlinked member organizations.
They’ve already done it with England and the USA but the owners of the money want to become owners of the whole world, so they are creating the cryptocurrencies to be issued by what might become known as the GBC (Global Central Bank.)
Some of the current cryptocurrencies have already been coopted or subverted. Unfortunately, I believe that blockchain based monetary systems like Bitcoin now basically exist as a psychological preparation for a world without paper currency in which all people would find themselves in an electronic-banking concentration camp.
Whether it was originally intended to do that or not, they have set the stage. The central banks have embraced the concept of the blockchain and are in the process of using it for total financial control.
Right now, there are increasingly strict controls of over people’s bank accounts, but a part of the transactions - the transactions with banknotes – with paper - is not totally under their control. So, they’re doing whatever they can to make paper money disappear.
Without a better solution, when the paper monies are eliminated, financial freedom will disappear.
EU example
What steps are being taken toward the elimination of cash and total control of your finances?
Many countries are on that road. Such as in Sweden and Denmark, where the Central banks have already switched to “offering” negative percentage rates on savings. They intend over the next three years to finish the construction of a “cashless Paradise.”
The Danish are now beginning to issue negative interest rate mortgages – meaning they pay YOU a small amount each month. When you make a payment it all goes straight to reducing the principal and the negative interest they give you does the same. Sounds fantastic, but they’re only doing it to buoy up their account ledgers so it appears they have valuable assets to reconcile their books and avoid bankruptcy.
Right now, cash operations in Sweden do not exceed 2% of the total volume of payments. According to Visa, the Swedes use debit cards three times more often than other Europeans. The spread of Bank cards has significantly changed the appearance of the business Sweden: the sellers of fruits and vegetables, and even street performers and vendors of Newspapers and magazines accept “plastic”, due to its popularity and the appearance of the application for a smartphone Swish.
There is no doubt that this type of system is convenient, but it creates dangers.
Once again, something of power can be used for good or evil.
The cashless society is a tremendous benefit to credit card companies like VISA and MasterCard. It also benefits the banks who can charge more transaction fees and to governments who can use the multitude of deposits as derivatives that they can use to raise more debt from.
Countries around the world are trying to get rid of cash so they can control the finances. India is well on its way, so too is China.
It’s all being billed a great thing, but we suspect not.
The “cashless Paradise” may actually be a hell, an electronic-banking concentration camp.
In it, the Banks will control the finances of every citizen, everyone from infants to the elderly will be have a complete financial history kept of everything they earn or spend.
Combined with the other growing forms of surveillance there will be a complete dossier for every citizen, and people will be graded on the quality of their actions as determined by the Bureau of Correctness or some other fine-sounding institution.
Don’t believe it? It’s already happening with China’s Social Credit System. It was initiated in 2014 and by 2020, it is intended to standardize the assessment of citizens' and businesses' economic and social reputation, or 'Social Credit'. People can be rewarded or punished according to their scores. Like private financial credit scores, a person's social scores can move up and down according to their behavior. The system will be one unified system. A single system-wide social credit score for each citizen and business. In a system like that, jay-walking could lower your social credit rating.
When you tie this together with the total control over finances, any deviations by citizens from the “General line” as prescribed by the government and large owners of money can have dire consequences such as the freezing of personal bank accounts, the confiscation of funds, and restrictions on who and where you can do business.
We understand that this will mean not only the end of cash, but also the death of money as we know it.
The abolition of cash will allow the Banks to routinely use negative interest rates. You will not only be controlled, you will also be charged for being controlled.
What a deal, imagine having to pay to be imprisoned. That is essentially what negative interest rates do. I say imprisoned because you will still be subject to the fine print in the contract you sign when opening an account. You can be prevented from withdrawing your money in any form. You can be prevented from buying things the bank feels you should not.
But how could that possibly be done. The answer is through …
The answer is through the use of the Blockchain
The blockchain is a powerful piece of technology. One that is perhaps sociologically more powerful than atomic energy, which of course can be used for good or evil.
The blockchain was supposed to free mankind from the controls of a central authority. Freedom from controls by centralized banking and governments, but it is being coopted. The public is like the frog in a pot of slowly heating water who doesn’t notice soon enough to jump out before it is boiled to death.
It’s simple.
All that needs to be done to change the blockchain from a freedom train to a series of railroad box cars filled with people being taken to an economic concentration camp is to switch the decentralized nature of the blockchain to a centralized one.
When that is done, the blockchain no longer consists of a decentralized pseudo- anonymous ledger, it turns into a centralized ledger that tracks everything you do by ID number and name.
It will be passed off through the media as a great innovation that will stop crime, prevent human trafficking, put a stop to child pornography, stop terrorism. and prevent your grandmother’s pension from being lost. In effect, “Big Brother: will take care of things for you. Excellent propaganda … but that is what it is.
“BIG BROTHER IS WATCHING YOU”
(and he’s after your wallet)
In a blockchain controlled society you probably won’t even need to do your taxes, the government will automatically calculate them for you … and will automatically deduct them from your account. If you think they are incorrect you can always take them to court (at your own expense,) and if you win you can get your money back. This will be promoted as a way of ensuring that everyone pays their fair share.
You might automatically pay fines too when you jay walk or don’t stop at an intersection. Perhaps even if you’re declared guilty of violating some internet protocol like using unsanctioned language or making derogatory statements about someone in authority. They will say that you will be protected against many bad things; such things like “slander” or false news as defined by the whim of the government, and it will all be done automatically. You won’t need to do a thing.
Everything will be taken care of for you by the elites who know best what is good for you.
Need some reference? Try reading two eye-opening and seminal books. The first is George Orwell’s book “1984”. The second is Aldous Huxley’s book: “Brave New World.”
But if you haven’t read them or don’t want to read the books then we suggest you listen to a seven minute video on YouTube which will give you an overview.
https://www.youtube.com/watch?v= 37N0aFmO19o
Our view is that what is going on as a combination of the two.
The visions of both of these famous authors has not yet fully come to pass, but they are well on their way and already visible if you look for them.
That said, if that doesn’t open your eyes to what is happening then I fear that nothing else is likely to do it.
Once you read the books or listened to the YouTube video the question in your mind should no longer be will it happen, but how it will happen, and the coopting of the blockchain for control over people’s finances should be evident as:
A CLEAR AND PRESENT DANGER
It is time to act, and the first action to take is to arm yourself with the information you need to ensure the survival of you, your family, your businesses and your freedom.
Who needs Bitcoins and other cryptocurrencies?
We though that Bitcoin – could been the development of the Intelligence Services and World Banks for world total control and rapid financing of different activities of the United States, England and Canada in different countries. (see our previous article). It “privatized” as well as the Internet, GPS, TOR. In fact, it is the New Dollar Economy. Control of currency is in the hands of the owners of the Secret Service, Centralized Exchanges and Banks.
And they are already started to open the doors...(mass media started to prepare people...)
We are in contact with lot of specialists, which are closely with blockchain, especially with bitcoin protocol, and:
– architecture of bitcoin was first described in the white paper of the US Intelligence long before the mythological developer under the pseudonym Satoshi Nakamoto;
– in the texts of the code and “Satoshi Nakamoto” is full of Americanisms, so we think that it’s typically American product – experts can easily determine country-specific style of programming tools, design methods program, and used the momentum of the English language in the description of the technology and review;
– there was a lot of work on the implementation of bitcoin (design and coding), that work invested many many-years, and doing it all not the genius alone, and a group of professional cryptographers; they were able to predict the future for the total control;
– SHA-256 is used in several different parts of the Bitcoin network. SHA-256 is a member of the SHA-2 cryptographic hash functions designed by the NSA;
– when they finished with technology, they started Global Marketing and today all the world speaking about cryptocurrencies and use them. They received total control.
Bitcoin arrives seemingly from nowhere, conjured by a magical crypto wizard by the name of Satoshi Nakamoto, a label supposed to represent a person or group of people that no one has ever seen or heard from. We are simply meant to have faith that they don't work for the NSA or a similar entity. But who cares who they are, right!? It doesn't matter because bitcoin is such a work of art it is nearly infallible — the perfect countermeasure to a monetary world lorded over by the dollar and the Federal Reserve.
Numerous libertarians and anarchists collectively orgasm. They join what appears to be a grassroots effort to bring bitcoin and blockchain technology into the mainstream. They stop trading as many of their fed notes for gold and silver as before and buy crypto nothings instead. To question the validity of the idea elicits dramatic displays of indignance from the bitcoin cult bordering on zealotry. The "smartest guys in the room" know bitcoin is the solution to everything — don't you want to be one of those guys, too? Bitcoin is the way, the truth, the life...
Some of us are unconvinced, and even rather suspicious, and with good reason. For example, the advancement of cryptocurrencies into mainstream consciousness has been helped expertly by the corporate media, which frankly, does not make sense if they are a real threat to the central banking monolith. As they say, when the real revolution happens, it will not be televised. Bitcoin is televised everywhere.
On top of this, nearly all major International Banks are ingraining blockchain tech and cryptocurrencies into their business models, including globalist foundation banks like Goldman Sachs. Goldman Sachs LOVES blockchain technology; they even refer to it as the "new technology of trust." Just take a look at their rave reviews on how it will change the world here.
What is Goldman's favourite aspect of the blockchain and crypto? The fact that every single transaction is compiled, catalogued and tracked in the blockchain "ledger."
For years, one of the major original selling points of bitcoin was that it was "anonymous." It always surprised me that so many people in the liberty movement bought into this scam. Surely after the revelations exposed by Edward Snowden and organizations like Wikileaks, it is utterly foolish to believe that anything in the digital world is truly "anonymous." The feds have been proving there is no anonymity, even in bitcoin, for some time, as multiple arrests using bitcoin tracking have indeed occurred when the FBI decided it was in their interest. Meaning, when the feds want to track bitcoin transactions, they can, and it does not matter how well the people involved covered their actions.
The promises of anonymity in cryptocurrencies was a lie
Thus, we have the reason why central bankers and international financial conglomerates are piling into bitcoin like it's the hottest tech stock on the Nasdaq. Imagine a trade system in which every single transaction is compiled, and nothing is private; that is the blockchain. Now, anonymity might not matter much when you are dealing with regular people, but what about when you are dealing with governments with the tendency towards corruption and the power to imprison and confiscate?
The loss of all privacy in trade IS the next quantum leap in monetary centralization, and cryptocurrencies achieve this in spectacular fashion. Not only this, but complete loss of privacy becomes rationalized, because without "transparency" the blockchain does not properly function. This is what makes the blockchain different from all other digital trade mechanisms - with the blockchain, surveillance of transactions is no longer a violation of privacy rights, it is expected.
While the fantasy is that crypto is about decentralization and freedom, it is actually a key to institutionalizing the opposite. I believe the incredible amount of capital being dumped into blockchain developments by major financiers and verbal support from central bankers is a signal that blockchain technology IS the basis for the currency system of the "new world order."
Where do you think are modern cryptographers employed, what are their duties? Obviously, they are mainly work in the Security Services.
Interestingly, more than 25% of all bitcoins are in the hands of “the founders”, 927 people own 50% of all coins, and 64% of bitcoins are simply “idle”. The exchange rate of bitcoin, which is already more than a year closely following the most authoritative financial media, is speculative and is governed by the owners of the cryptocurrency exchanges.
It’s not only about Bitcoin. It's possible that the entire infrastructure of the blockchain and cryptocurrency was developed by Americans. Control over the cryptocurrency can be done through the creation of a Super Corporation with key technology and key points, as it happened with the Internet. As well as through the Centralized Exchanges, through raising money for startups, etc...
And here comes to the fore the issue of economic, state security. We all know that the Internet created by Pentagon (DARPA, Office of advanced research projects U.S. Department of defense) but is actively used across the globe. While Russia and other countries are aware of the huge scale of the risks – the laws are about restricting bad content, protection of large user data, blocking sites with drugs and child porn, is fighting against viruses and malicious software.
The creators of digital technologies automatically become their monopoly, claiming the control over the entire digital space. With the space of cryptocurrencies, the same story. And risks of their use are so great that their level is not possible. Bitcoins cannot be controlled by the state, transactions are not transparent (cannot be installed, who pays), there is no way to control the circulation of these “money” in the country.
Among holders of bitcoin a huge amount of fraud and lost money – from 50 up to 400 million dollars! And in some cases, the victims were taking conventional loans in the cryptocurrency, and now lose their homes and jobs. Where, in what Bank or market area it is possible without criminal cases and investigation?
To decrypt party transactions using bitcoins is not that difficult. Of course, all these mining network are monitored. Suffice it to recall that in 2013-2014, operated a large facility in the shadow Internet under the name “silk road” (Silk Road), which sold drugs for bitcoins. Now the role of U.S. intelligence has already played – derived cryptocurrency in the world orbit, legalized in several States and continue to be actively implemented. What is all this done: digital private currency is a tool of loosening traditional monetary systems.
May 2008 – launched Bitcoin, the basic stage in the formation of a decentralized economy. Initiated program of Education in the field of cryptographic peer to peer currency.
The double lie of bitcoin and any cryptocurrency lies in their very name. By and large they are neither "crypto" nor a currency – because nothing is guaranteed and fully open to control their developers. People all around the world, experts and enthusiasts, burning in their minds with the idea of digitizing everything, must take all these facts into account. No one is saying that our world must turn into a stronghold of insane reactionaries fighting against all manifestations of technical progress. But in order to determine the future, we need to understand clearly who and in whose interests are driven by the most progress – then we will never fall for the beautiful bait in the same “crypto currency” and other “crypto economy”.
NSA, CIA, FBI took control of Bitcoin
Total Manipulation
Coinbase is among the most well-known platforms used to buy and sell cryptocurrencies like bitcoin and ethereum.
Coinbase is a digital currency exchange headquartered in San Francisco, California. Coinbase lets users to create a Bitcoin wallet and start buying/selling Bitcoin by connecting their bank account. They broker exchanges of Bitcoin, Bitcoin Cash, Ethereum, Ethereum Classic, and Litecoin with fiat currencies in approximately 32 countries, and bitcoin transactions and storage in 190 countries worldwide... Coinbase operates under US Regulation.
Coinbase, is among the clear leaders in the crypto industry, helping to shape and define the future of the space and what products are offered to the market’s participants. It is also the most commonly used fiat-to-crypto gateway in the United States – a market that consists of the largest portion of investors across the globe.
According to new data shared by renowned Bitcoin entrepreneur and startup investor Alistair Milne, Coinbase has amassed a massive user base of 30 million users, with as much as 5 million new users added over the last ten months as Bitcoin found its bottom and began to rise once again.
After such a major milestone, where does the world’s most well-known crypto exchange go from here? Coinbase is created in June 2012 by Brian Armstrong and later Fred Ehrsam became CEO too, Fred worked for Goldman Sachs. In Sept.2012 Coinbase received $600k in Seed funding and in May 2013 received $6.11M in Series A funding. In December Coinbase received $25M in Series B funding.
There is list of investors, and 2 of them worked for NSA.
Greg Kidd worked for Booz Allen which is sub-contractor of NSA, Edward Snowden worked also for Booz Allen.Garry Tan is a Partner at Y Combinator and earlier he worked for Palantir. Palantir created Prism software for NSA, Palantir is worth $9 billion and in December 2013 they raised another $107.5 million. Their clients are NSA, CIA, FBI and Banks. Investment bank Morgan Stanley & Co. earned a $7 million commission on the funding round. Palantir was founded in 2004 by Peter Thiel, the investor and PayPal co-founder, and Alex Karp. Its last funding round, of $196.5 million, was in September. Backers include Thiel’s Founders Fund and the CIA’s venture arm, In-Q-Tel.
Other investors are: SV Angel, IDG Ventures, Union Square Ventures, Y Combinator. Adam Draper, Ribbit Capital, Start Fund, FundersClub.
Another investment in Coinbase, mentioned 25M in Series B funding, has been led by Andreessen Horowitz with participation from investors Union Square Ventures and Ribbit Capital. This money will be used to attract more people to use Bitcoins. But again, partner manager in Union Square Ventures is Brad Burnham who is co-founder of advertising company Tacoda that spies our browsing habits the same as Google and Facebook, and he is manager at AT&T Intellectual Property which invest in business of interest for AT&T which again cooperate with NSA.
American politicians started to tolerate bitcoins, if it is not conflicting with anti money laundering policy, it means politicians are now corrupted with help of this millions. The largest Bank in the US, JPMorgan, in 2013 has filed a patent for an electronic currency with many similarities to bitcoin, it means, bitcoin will get competition from very rich bank, JPMorgan doesn’t need to collect millions, they have it already, it means they can kill bitcoin with their new currency, but they will need time for that. In 2018 J.P. Morgan Chase has applied for a patent to facilitate payments between banks using the blockchain. Details of a patent filing by JPMorgan Chase & Co. (JPM) was published by the U.S. Patents and Trademark Office in June 2019, which was originally filed by the bank in October of last year and lists how the leading investment bank plans to utilize the distributed-ledger-based system.
In 2013 chinese politicians decided to refuse bitcoin although they didn’t forbid it, therefore bitcoin value dropped from $1000 to $700. But after this investment of 25M, its value raised. They got more users of bitcoins, investors was profit because they had made fictive transactions at exchangers and they decide what is the value of bitcoin. When they invested 6M, BTC value jumped from 150$ to 800$. It's only about speculation, investors make big profits, but they must attract people to buy bitcoins, to use it.
But when investors are right hand of NSA, we can be speculative the same as BTC and say: it is very possible that bitcoin software developers are paid to make lower level of anonymity of users of bitcoin.
Beside investors, and people are using BTC more as commodity than as digital currency, it means they keep BTC waiting that it changes its value so they can sell it and make profit. 70% of Coinbase customers now holding bitcoins in their digital wallets, but not using them for conducting commerce.
Coinbase Will Now Reward Users for Holding This Cryptocurrency.
And once again! Remember please, they are already started to open the doors...(mass media started to prepare people...)
It turned out that the IRS and NSA receives information about the all flows of the cryptocurrency. US intelligence agencies can identify bitcoin wallets addresses. This was reported by cyber security from New York with reference to the copy of the contract the IRS with the New York company Chainalysis in November 2015. That document was in public access due to the request of American journalists.
Themselves blockchain-transactions are open to monitoring by anyone, but the essence of the system was based on the impossibility to associate the account number with a specific person. Now it turned out that the American Tax office all the time receives information about the cash flows of cryptocurrency with the company’s software Chainalysis.
The NSA has been snooping around the bitcoin blockchain – and maybe a little more. The National Security Agency (NSA) has kept a careful eye on digital currencies, including bitcoin, through codenamed projects like OAKSTAR and MONKEYROCKET.
SHA-256, a cryptographic hash function used in parts of the bitcoin network, is part of SHA-2 (Secure Hash Algorithm 2), which was designed by none other than the NSA...
SHA-256 is a member of the SHA-2 cryptographic hash functions designed by the NSA. SHA stands for Secure Hash Algorithm. Cryptographic hash functions are mathematical operations run on digital data; by comparing the computed "hash" (the output from execution of the algorithm) to a known and expected hash value, a person can determine the data's integrity. A one-way hash can be generated from any piece of data, but the data cannot be generated from the hash.
SHA-256 is used in several different parts of the Bitcoin network:
- Mining uses SHA-256 as the Proof of work
- SHA-256 is used in the creation of bitcoin addresses to improve security and privacy.
Now, Regulators want to standardize approaches to managing the cryptocurrency industry as much as possible. Real decentralized private money cannot and should not be regulated. Crimes existed long before the advent of crypto and will always exist. The role of cryptocurrencies in this process tends to zero.
Governments are simply afraid of losing power over people. If 100 years ago the share of governments in money and tax turnover was 7-8%, now their share has increased to 48% on average around the world. And in some European countries this figure is 60% and higher.
Money earned by people is a concentrated supply of time spent by people on work. Global welfare created by ordinary people. The average person spends half his life at work. Bankers and Governments have learned to take this half in completely legitimate ways.
But the world will see the light, and private decentralized Digital Currencies will give people the opportunity to manage their earnings, and therefore their own lives.
If governments, having collected half of the money they earned from their subjects, are not able to ensure security and defeat crime, then they are ineffective and will soon be swept away with private money.
And all these centralized pseudo anonymous crypto projects will die along with a multi-level ineffective management system. They will die out like mammoths, since no one will feed them voluntarily...
