Bitcoin point-missing and point-catching
Most point-missing on bitcoin is fully intentional, coming from the fraudsters and scamsters who promote this nonsense.

Via Eurekalert, here's a misunderstanding by academics who are trying to explain the nonsense objectively.

The concept of cryptocurrency has settled in general public for some time. This financial instrument has both enthusiastic supporters and implacable opponents. What does this term mean? Simply put, a cryptocurrency is a digital or virtual means of payment that exists only in a computer system and therefore has no physical equivalents in the form of banknotes or coins. More technically, it is a type of decentralized register consisting of independent devices, based on blockchain technology, using cryptographic solutions and storing assets information in contractual units. All transactions carried out in the world of cryptocurrencies are anonymous, but each of them is publicly available.

Nope. Simply put and wrongly put.

Clearly none of these academics have ever done bookkeeping, and clearly they don't understand what REAL currency is.

"Existing only in a computer" is not a relevant variable. Real currency can certainly exist only in a computer. Before computers, real currency existed only in real ledgers, which evolved from clay tablets to wood sticks to paper books. Transactions were made and marked by various devices, from beads to gold coins to paper bills to checks.

When real currency was transferred from paper books to computers, only the physical form of the record changed (again). The overall structure of modular and private ledgers for each account and business remained intact.

Bitcoin is EXACTLY NOT "decentralized". It's EXACTLY centralized. Blockchain intentionally destroys the modularity and privacy of real ledgers by forcing all ledgers to be global variables. A global variable can be changed by the global controller, forcing all businesses and individuals to adopt the same number. This can't happen in a modular system.

HOWEVER! The same article catches one point that I hadn't noticed before.

The first of them - Bitcoin - was proposed in 2008 by a person or group of people nicknamed Satoshi Nakamoto. This event coincided with the epicenter of the global financial crisis.

As an old bookkeeper and programmer, I was able to spot the fraud instantly, and as an old Deepstate-watcher, the NSA and CIA connections leaped out with Sucker-Filter transparency. But I didn't notice the temporal synchronization. (I had the impression that bitcoin started in 2012.) So bitcoin was an integral part of the 2008 globalist coup. Crash real business, replace real business with the Dow, replace real modular ledgers with global ledgers for total control.

Labels: AI point-missing, Sorosia, Sucker Filter

  ¶ 6:46 AM