Bitcoin does not function if made illegal.  First off, the network traffic is not obfuscated.  Second, the mining pools are too huge of an attack vector.  Third, it's usage would be barter only in the black market.  Unless bitcoin captured every transaction from the entire drug market on earth it's market cap would be tiny.  So basically a small market cap with an insecure chain.  If you outlaw gold it does not incur a penalty on gold's security; it does for bitcoin.  As for mining the actual coins, it would be even less decentralized than it is now, or maybe entirely controlled by one single guy.  

You can't mine it with commodity hardware so all mining would be controlled by some shady guy in the backstreets of Shanghai.  It would be like having to visit the Mogwai dealer in gremlins in order to mine.  In fact, it's already basically like that in the first place.

Why would they be?  Mixers and things like monero (just a built in mixer on-chain) aren't illegal...yet.  There will come a time when using a mixer will be a conviction for laundering by default and all transactions will be to and from fixed address alias systems.  Everything outside of that will be considered criminal and the coins will be blacklisted.  The side effect of a non-fungible currency = permissioned ledger.  You're not getting around governments co-opting any digital currency system made.  Even Satoshi says the same thing via two quotes:  "bitcoin does not solve political problems" and "bitcoin will buy us only a few years".

Of course mentioning a non-fungible currency where every transaction is traced with white and black lists - making it a permissioned ledger - is not going to lead everyone to the promised land of economic freedom and sound money is going "full retard".  It can possibly give you an end to debt based currency in the short term, but I believe govt will co-opt it and turn it into infinite coin count anyway.  Like I said before, the newest attack vectors point to the fact that bitcoin will likely have to turn inflationary in the first place to defeat them.

Then after they put their alias system wrapper around bitcoin and force you to use it, they'll probably use that to auto-deduct taxes from you in some manner (at the 90% rate for people like Roger Ver), so you're just trading debt based currency for "confiscate everything" currency.  We might be able to make money in the short term, though.  Just don't forget to use the profits to buy gold and silver - the only known, real decentralized currencies on earth and base of Exter's pyramid.

I still own bitcoin, but there is no possible endgame for Bitcoin whatsoever where having bitcoin become the world reserve currency would be better for humanity than using gold and silver.  Kaczsynky was right and increasing technology is always inherently anti-freedom.  Bitcoin isn't even fungible and all transactions are traced for fucks sake.  It's already an Orwellian system by default, and it's inevitable the entire thing from top to bottom will be co-opted by govt the further it goes.

Like I said before, government is going to create a fixed address alias system wrapper that goes around bitcoin and force you to use it or be considered a launderer.  You think you've defeated "the man" (or jew as the case may be) by using bitcoin, but the jokes on you if you think that's the case.  After they get you into that system, then they'll turn the entire thing keynesian with infinite coin count.  Bitcoin probably already needs to turn inflationary to defeat it's newest discovered attack vector in the first place.

The end result by herding everyone into bitcoin will be nothing more than bankers accomplishing their cash ban with the added bonus of full surveillance police state built into it and you willingly accepted it.  Deep down, everybody fucking knows what I'm saying is true, but they're in it for the short term profit gains.  If you could play god and invest X amount of money into silver or bitcoin then physically delete the one you didn't pick from time and space afterwards, there is no reason whatsoever to choose bitcoin if you value having some type of freedom in the long term.


No, I still obviously have a lot of BTC or I wouldn't be posting here.

Just about all these exchanges are MtGoxs.  Huobi and their constantly running algorithm that moves the price around wherever it wants at will is even more shady than MtGox was.

Bitcoin can't defeat them for numerous reasons such as mining centralizing via economy of scale where you need to be a corporation-level entity to participate at all.  Bitcoin will be ruled by oligarchs with the last name "Goldstein" just like every other financial product on earth.  Attempting to remove the economy of scale aspect usually opens you up to Sybil attack.  To actually make bitcoin decentralized, you would have to use more advanced cryptography and invent decentralized captchas or puzzles where users manually solve them by hand instead of oligarchs creating giant, automated farms where they rule over bitcoin as slumlords, rigging the fee markets and siphoning off all the transaction fees until they own them all, maintaining their slavery over you.

In other words, it's EXTREMELY difficult for Bitcoin to make a real positive impact on the financial world in current form.  The only real decentralized currencies on earth known to man are using the noble metals as currency in physical form (not "backed" paper).  Of the noble metals, only two qualify for use as currency:  gold and silver.  Of those two contestants, "they" have already cornered one of them - gold, leaving you with silver as the only real decentralized currency on earth in the current state of affairs.  Although JP Morgan supposedly owns more silver than the Hunt Brothers did now - 550 million ounces ($10 billion).

Interesting quote from someone named "Weinberg" considering the first thing the Jews did after Moses left is build a statue out of gold and worship it as their god:

https://en.wikipedia.org/wiki/Golden_calf

There is a LOT of buy support over the last few days, much higher than normal.  Instead of 5, 10, or 20 blocks of coins being purchased, there's a steady stream of larger whale buys of 100 coins at a time.  This indicates one of three things:

1)  Someone is front running a Bitcoin ETF approval w/ insider trading

2)  Someone has no idea if the ETF will be approved but is buying just in case

3)  There were some insolvent Chinese exchanges that are now having to purchase at top dollar

More Armstrong lies.  The only source of Marxism is the Jews, it does not originate from anywhere else.  This is always where it comes from.  They do not "believe" Marxism is some great form of ideology, they only use it as a political weapon to subjugate real civilizations (unlike their own).  You see, for all the Jews claims of being intelligent and superior thinkers, they have never once built a civilization superior or even equal to anyone else's.  The entire history of the Jew is infiltrating real human civilizations and trying to insert themselves as middlemen parasites to live off usury (i.e. scammers).

Since all homogeneous human civilizations always expel the parasites that try to subjugate them - which has happened to the Jews in at least 109 countries now - the Jew's only hope to practice his parasitical usury is to try and run a divide and conquer strategy of Marxism.  You flood a country with 3rd world cavemen to create a bunch of warring factions, then the homogeneous population is marginalized and no one can come together to overthrow the parasites (or so they think).

This is the basis of everything going on now.  It's all just parasitical Jewish banking and media trying to mold the world into some form that allows them to practice their scams without being expelled or holocausted in the process.  Armstrong is a known dirtbag shill for the Jews and can't be trusted as far as you can throw him as evidenced by his past posts:

https://www.armstrongeconomics.com/uncategorized/anti-semitic-and-pro-nazi-activities-rising/

https://www.armstrongeconomics.com/history/europes-economic-history/jewish-bankers-vs-all-bankers/

Bitcoin is fully traced with white and black lists and not fungible, which also in turn makes it a permissioned ledger.  Bitcoin essentially is a part of the war against cash and against freedom unless someone magically makes it fungible overnight.  No, not optional fungibility mixers or sidechains that "authorities" will claim is laundering, but fungible by default.

Germany just printed up their debt because they considered their creditors malevolent.  If Trump is not a shill, or anyone who isn't that takes control of the US, they're going to deal with debt in a similar manner as Germany - taking as easy of a way out as possible whether it's defaulting or printing.  Trump might just try to ignore it and kick the can down the road but it will probably blow up on his term anyway, and he will deal with it in a manner irrespective of creditor interest.  For someone like Armstrong to consider govt debt sacrosanct he has to be arguing from the position of a creditor shill (banker) from the get go.

I just skimmed over some of Martin Shillstrong's past posts and noticed 90% of the crap he types is propaganda claiming it's impossible to make money by buying metals.  He even used the following nonsensical quote to try and claim it's not possible for govt printing to get out of control:

"The hyperinflation scenario is government merely goes willy-nilly into the light printing money. We have a debt market. Government is restrained by that and cannot simply print into oblivion and yet still sell the debt."

HAHAHAHA

He claims govt can't monetize the debt.  This guy is 100% without a doubt a paid shill.  It's not possible for anyone to exist that claims to have studied markets and type such things without being a shill.  Yes, they will try to raise taxes to make up for it when no foreign countries will purchase the debt, but you can't draw blood from a stone.  They will print up the leftover difference (which will be a lot).

Not quite as scary as Larry Summers (Jew) wanting to ban cash to help further enslave the goyim while also promoting Bitcoin/"blockchain" and being involved in Digital Currency Group.

I honestly do not believe this is true at all.  For one thing, the altcoin market tends to be a good canary in the coalmine.  If there's a flood of new interest in bitcoin, there's typically a flood of new activity in altcoins as well.  The alt markets are currently imploding with volume going down to nothing, so it sure doesn't seem like there's a flood of new people in bitcoin.  The price of bitcoin is also a lot higher, so small guys who want to purchase one bitcoin could have done so when it was $200-400, but it takes a pretty large leap of faith to buy one when the price is $1000.

If anyone is moving the price of bitcoin around, it's the usual suspects of Chinese mining cartel, Digital Currency Group, Pantera Capital, Winklevoss, fraudulent exchanges, etc.  One thing that's a giant red flag to me is that ever since Bitfinex goxed, the western price is still determined by that insolvent, scammy exchange with all the big moves occurring there and not places like Bitstamp.  There's no market maker on earth who is going to risk his funds at an insolvent exchange like that, yet with Finex being the market maker, this tells me the people running these fraudulent exchanges might be the main people moving price.

Finex has a great history of walls going plus or minus 4000ish coins at random from a single entity in the past and as of very recently.  Would you store $4 million on Bitfinex post Finex goxing?  I sure as hell wouldn't.  It's probably the exchange owner/employees themselves.  Here was Finex's walls right after they came online after they goxed everyone.  The sell side is clearly all from one single entity (around ~3600 coins), likely from the exchange owners since nobody on earth is gonna keep all those coins stored there right after they stole everyone's money:



Nothing ever changes.  Karpeles controlled the Bitcoin price then he passed the baton onto another exchange owner.

There's some guy named Graham Hancock who seems to of made a career talking about this; that the written record of human history only goes back 5000 years and around 13,000 years ago the mythical flood talked about in things like the bible and other mythology actually did take place.  I think his hypothesis is that some type of projectile like a comet hit one of the poles and released a bunch of water somehow, but it seems like any type of object large enough to do that would have also extincted all life in the process.

Perhaps someone else can chime in on the viability of a comet melting huge amounts of ice but not exterminating all life at the same time?  I would imagine some type of eruption/activity from the sun could have caused the ice to melt as well.

Well, one thing is for sure, they're either going to make a large amount of money or be holding a large bag.  I think their average buy-in price is around $100.  They would make a lot selling right now, but I'm sure people monitor their addresses and if they started to sell they would probably tank the price themselves.  This is one reason the ETF is important to them - it's their exit scheme.  If the ETF is rejected and they start to dump they will still make a decent amount, but not a stupendous amount since everyone else is going to be selling if they are.

Other ETFs of much less complexity took longer and underwent more scrutiny, so if they approve this one, it basically means bitcoin is a trap.

Stop playing dumb.  The overhead to monitor packets on a network or parse transactions on a blockchain is hundreds of orders of magnitude lower than creating a police state that can monitor every inch of space in the physical world for what people do there.  This is why governments aren't attempting to ban bitcoin whatsoever because you just make their job of controlling your life easier and cheaper by using it.  That is, unless someone makes bitcoin fungible by introducing anonymity, then governments won't like it anymore.

The last draw for me was two things in particular:  Coinbase asking me where my bitcoin is from, who are the addresses I'm sending my coins to, etc.  Then a friend made a large bet on a fight using bitcoin sent from Coinbase.  Coinbase apparently actively monitors all transactions and addresses already and said they're banning his account for participating in a gambling site.  If bitcoin is already such a police state while nobody even uses it, you need full blown down syndrome to want this thing to become mainstream.

A lot of you people just sit on your coins to try and profit and don't even use them.  The second you actually try to use them you're in for a shock.  I always knew this was the endgame that bitcoin would have eventually since it's not anonymous and all transactions are traced, I just thought it would be YEARS down the line.  Nope, the bitcoin police state is 100% in effect already.  It's like what that Aaaron Russo guy said 10+ years ago, the goal is to force people into a digital currency and then whoever does anything they don't like, they simply turn off/black list that wallet address - which is going to be associated to your real name with something like chain anchor.

I own bitcoin and metals but I'd much rather prefer metals went up and bitcoin didn't because the odds of bitcoin being turned against us and co-opted by govt are much higher than not.  Here's another new predictable govt co-opting of crypto coming out of japan recently:

"Only approved virtual currencies by the authority are considered legitimate and can be traded, sold or promoted to public"

This means government now arbitrates what forks are valid and which are not, so even if you were pretending it was decentralized before, it's definitely not going to be with things like that adopted by national governments.  Laws like this do not mean the govt just plays judge on forks either, it means the govt will create their own fork and force you to use it. (hint: forced chain anchor)

People need to stop being morons and pretending like the govt isn't going to completely control every aspect of cryptocurrency in the endgame.  Every transaction will be traced with white and black lists and more regulation than has ever been seen on earth, aka a permissioned ledger.  The term is called "creeping fascism", when you trick someone into a system while slowly piling on the regulation one by one until it's a police state.  It's like willingly accepting their cash ban and complete control over all transactions once all has been said and done.

Oh please, we all know Armstrong is full of shit.  Seconds after he said gold is going under $1000 it skyrockets then he makes up some lie afterwards instead of admitting he was wrong.  He also pretends Jewish fiat paper makes up the base of Exter's pyrmaid.  Most debts being denominated in USD doesn't mean people are short the dollar, it just means those debts are a toxic asset and nobody is going to pay them.  The second the system actually experiences defaults that would trigger deflation, you don't actually get deflation, you get bank holidays from everything being insolvent.  

Once there are bank holidays, the system is for all intents and purposes over.  All digital fiat is essentially value-less, while physical paper may be worth a premium for a short time span, but who do you actually know that keeps enormous amounts of physical paper around while taking the risk the govt decrees $50, $100, or even $20 bills worthless like they did in India?  The Trump and Mnuchin agenda is also clearly to inflate the system and weaken the dollar.  If that agenda fails or not is a different story, but the act of creating more fiat or devaluing the dollar is not "bearish" on metals or deflationary by any means.  

The fact that Armstrong did NOT adjust any of his predictions at all depending on who won the 2016 election is another giveaway to the fact he doesn't really know what he's talking about.  At any given time, all debt based fiat systems are teetering on the brink of either deflationary collapse or hyperinflation.  Neither of those binary outcomes are predictable by ANYONE except the person centrally administering the system = all Armstrong data is useless because he can't predict which one of those outcomes will occur.

It's entirely possible we could have a deflationary collapse with hyperinflation after as a response, or we could just go straight into Venezuela-style inflation from the start with no deflation at all.  As for which option is better or more "humane" if a ruler were to pick one, the system grinds to a halt in deflationary collapse, which screws everyone no matter rich or poor.  In inflation at least the doors to the buildings are still open.