Owners of money: Who spins Bitcoin? What are the true goals of such a global project.

Encryption: Simply put, that is the basis of cryptocurrency payments

What is the basis of a cryptocurrency network?

Many will confidently answer that the main idea is blockchain - a technological system that allows you to store information that cannot be counterfeit. Actually, we are talking about a system that utilizes a hash function that encodes information, in particular, the Bitcoin network uses the SHA-256 function. It’s an algorithm which is a kind of signature. In addition, there is another set of algorithms that are responsible for the reliability of the system, control the complexity of emissions and the confirmation of transactions, however, all these are add-ons that form an ecosystem in which users can exist.

Actually, the idea of hashing is not something fundamentally new - similar functions are implemented in a digital signature for electronic document management, which is adopted by the vast majority of countries in the world. Bitcoin, as already noted, uses SHA-256, this function belongs to the SHA-2 family. SHA-256 are comouted with 32-bit words.

But who invented this algorithm, because of which the existence of bitcoin became possible in principle? Getting information about who the author of “SHA” was turned out to be easy - Wikipedia states that the software solution was developed by NSA (National Security Agency, USA).

But why would a state security service like the (NSA) share SHA technology?

Already at this stage of examination certain questions arise.

Why did the one of the most powerful intelligence agencies release such an effective encryption technology into the public domain, the development of which most likely cost a considerable amount?

Moreover, the dissemination of this technology was seemingly fundamentally contrary to the interests of that government organization, the tasks of which, among other things, included collecting information (including decryption).

As it turns out, the NSA voluntarily provided other governments, shadow structures, drug dealers and terrorists with a tool to hide important information.

Only one conclusion suggests itself: and that is that it is likely that the NSA has the tools to hack this function. In this context, the actions of the security agency begins to gain logic - with the intentional spread of the technology. A technology that is then advertised as a way to reliably protect data, but specialists in the NSA can actually read all encrypted records at any time and, perhaps, even imperceptibly make changes to the data they intercept.

Based on this, it is quite possible to assume that the American special services can control not only cryptocurrencies on the SHA-256, but also absolutely all blockchain networks.

This is a terrible possibility for users of the blockchain, as it would also include state projects of different countries aimed at optimization in the areas of healthcare, industrial and trade logistics, as well as in the field of security (police, and military).

Reasons for Nakamoto's secrecy (stealth)

Now we can discuss about Bitcoin, or rather, of mysterious creator of Bitcoin, who worked under the pseudonym Satoshi Nakamoto.

This character worked in conditions of total anonymity and for several years, in fairly tight communication with developers who never gave out any information, not even indirect information, about his identity or whereabouts.

Firstly - why such secrecy, if, according to the stated principles, no one, even himself, can interfere with the network?

Secondly, in the modern world it is hardly possible to be completely anonymous on the Internet, especially if powerful government organizations, who has serious resources are following you.

However, there is no such information, so it seems that it was probably someone who was very knowledgeable in computer technology and coding and had advanced intelligence skills who was responsible for publishing the messages using the pseudonym of Nakomoto.

The next question is: Who receive benefits from mining?

Mining - earnings through the search for "beautiful" hashes, is carried out due to the work of very expensive equipment that consumes a huge amounts of electricity. Moreover, the overwhelming majority of “miners” have little understanding of what their “Asics” actually calculate, yet the programs work without human intervention, and the system pays a remuneration fee.

The next factor is that the mining difficulty is constantly growing, so new devices quickly cease to be profitable, and miners are constantly balancing on the verge between the costs of acquiring new, more efficient devices, while struggling to pay electricity bills while fighting against incomes that are constantly decreasing.

Who really wins? First of all, of course, there are the equipment manufacturers. That equipment produced mainly in China and a number of neighboring countries, moreover, manufacturers “tie” the cost of devices to the Bitcoin exchange rate, so the higher the exchange rate, the more expensive the equipment costs.

Everyone in the world is forced to invest in the economy of China and other countries of Southeast Asia.

By the way, it is in this part of the planet that the most crypto mining facilities are concentrated, causing investors to come there and create more and more new capacities. Favorable conditions in the form of reasonably moderate prices for electricity, inexpensive labor, and the ability to purchase equipment “on the spot” (which also determines its minimum cost) provide a good influx into the treasury in the form of taxes.

This reflects in the real value of the electronic registry in public ledger (entry)

But there is the final product - the Bitcoin network cryptocurrencies, and this product needs to be somehow implemented in order for the crypto miner to make his profit.

Coins in themselves have no value, as they are only an entry in a chain of blocks (blockchain). In other words, considerable resources spent on obtaining coins - electricity, depreciation of equipment, were wasted.

Nevertheless, cryptocurrencies have an exchange rate due to hype and group agreement and high liquidity - that is, those who want to sell or buy coins can always do that.

The value is constantly growing, and heated on the one hand by the media, and on the other hand by skillful speculation on and by the cryptocurrency exchanges. Media around the world popularize the subject of cryptocurrencies and form a certain public opinion in such a way that more people want to become the owner of coins. But speculation which is really capable of dramatically influencing the prices can only be carried out by players who have enormous resources, which leads us to institutional investors operating directly or indirectly. In turn, the work of the media has always been controlled (and is unlikely to change in the future) by government agencies.

Possible profit for creators

Thus, the listed factors of influence on the course of the industry can be traced to an orderly organized pattern of work that can be done only by government agencies who have the ability and resources and a reason to influence the media, the resources for manipulating the stock exchange game, etc.).

But if that is the case, why do you need to burn electricity aimlessly and force the whole world to buy something that does not have real value?

Based on these indirect signs it may indicate that the development of cryptocurrencies is an orderly and very controlled process. If so ,we will try to imagine what profits the United States can get from the project.

What conclusions can be drawn if we assume that the NSA can somehow “read” all the transactions in blockchain? Firstly, that gives the secret service full information for the analysis of the vast majority of terrorist acts, and even the possibility of taking individual terrorists groups under control.

In the same way, they can gain control over the entire shadow business, where large revenues rotate involving international circulation of drugs and weapons.

The existence of cryptocurrencies could allow the state (through specialized structures, in particular the CIA) to freely finance private armies (under the guise of militants of various sects, etc.), exert influence on the economies of other countries, buy up the assets of large companies, and then collapse their stock. Covert financing makes it possible to aggravate the political climate in any country, arranging riots and coups on the basis of a pre-default state.

An economic model without real values

Of course, we can consider crypto networks as a kind of economic model, but only without reference to real values, the presence of which should reflect the course of digital records. However, this can only be compared with similar business models, the functioning of which does not lead to the creation of any product or the formation of added value, but only to the redistribution of funds.

In particular, Bitcoin can be compared with a financial pyramid, such as Bernard Madoff Ponzi scheme, which also aims to redistributing funds.

In the crypto industry, there was the well known scheme "Bitconnect". On January 16, 2018, the cryptocurrency token "Bitconnect" (BCC) plummeted in value after from a high of $331 to $21 within six hours, Its market cap declined from a high of $2 billion to $130 million. Bitconnect, which promised 1% daily returns through a "crypto-currency trading bot" was forced to close. The scheme also had a particularly lucrative affiliate program, which promoted users to lure an expanding stream of others into the scheme, ultimately leading to lack of new users and collapse in the value of Bitconnect tokens.

With this analogy, it is worth taking into account the experience of a number of participants in similar projects whose funds were "distributed" among more successful "partners." It is difficult to deny that it was the creators of the pyramid who received the greatest profit. And if we suppose that Bitcoin is probably a US project, it can be assumed that this state (which “produces” and sells a pyramid of green dollars to the whole world) is quite capable of solving its problems with exorbitantly bloated external debt.

Could it be that by simply converting dollars into bitcoins or alternative cryptocurrencies, and gradually reducing the dollar exchange rate to zero, the national debt will automatically cease to exist. The country will very quickly pay its debts with pieces of papers falling in price, and then continue speculative games with a cryptocurrency exchange values.

Conclusion

So, it is entirely possible that the Bitcoin project, which throughout its development history has been actively advertised as a way out of financial slavery and achieving freedom of economic relations, is not in fact such.

It cannot be ruled out that in fact, that it is a tool designed for total surveillance of users all over the world and a tool designed to manipulate various social groups (including other states).

The use of the blockchain to control the finances of the people of the world is already in motion. You barely need to read between the lines to see it.

And if the above assumptions are true, then the United States is already close enough to victory in the global economic war.