[2020-06-25] Jim Rogers Warns Governments Will Have To ‘Eliminate' Bitcoin

[Darker45]

And now they're having a hard time killing this son of a bitch. But it doesn't mean they not acting on it.

~snip~

If a government tries to shut down bitcoin, all they will end up doing is justifying its existence.

I definitely agree. Anything the government does to kill Bitcoin is self-inflicting.

But they're somehow caught in a damned-if-you-do-damned-if-you-don't situation. Bitcoin is fast rising while fiat is fast crumbling. They are certainly aware that they need to do something about Bitcoin. But they cannot seem to find neither a secret nor an open way to fatally attack Bitcoin.

And, as if to make things worse, it seems the tides of time is on Bitcoin's favor with a crisis-inducing pandemic coming after another crisis, making their whimsical financial and monetary systems' flaws, shortcomings, and abuses more vivid as ever and Bitcoin's arguments more convincing as ever. 

I think he's confused between government wants to "eliminate" Bitcoin and government will "eliminate" Bitcoin. But i'm sure people know government wants to eliminate something they don't like (due to various reasons) already, so this kind of news isn't really meaningful.

I reckon someone should irritate Jim Rogers on social media and show him Monero. Ask him how the government might stop this hehehe.

"It's easy, all government needs to do is turn off internet connection"

I reckon the politicians behind the government would have done anything or eliminate what they wanted if they knew how it can be done within the law.

~snip~

And now they're having a hard time killing this son of a bitch. But it doesn't mean they not acting on it.   

Similar to what you said, what will they act on? Outside the law, bomb mining farms, murder miners and assasinate developers?

Also, within the law, Bitcoin is protected by the 1st amendment.

Well, as I've said, the state operates beyond the letters and acceptable interpretations of the law, certainly beyond the 1st amendment or even the most basic and sacred right as the right to life.

They cannot directly attack Bitcoin because there is nothing to attack in the first place. Well, at least there is the name. And they've been labeling and smearing it for a long time. There's the BTC owners and users whom they could imposed all kinds of taxes on. There's the Bitcoin or crypto businesses which they may not allow to operate. And so forth.

But, for sure, they've been also closely studying Bitcoin itself. We can recall how Gavin was even invited by the CIA as early as 2011 to present Bitcoin to them in details. So, their intelligence radar must have already caught the infant technology early on and might have recognized there and then the potential threat this revolutionary invention could bring to them and their system of control. So I guess they're really acting on it for several years now but all to no avail.

[Carlton Banks]

I reckon the politicians behind the government would have done anything or eliminate what they wanted if they knew how it can be done within the law.

These guys want money and power and are willing to do practically anything to get it.

This group wants (and has currently) power over the money supply via the Fed in the US and similar institutions around the world.  They can surreptitiously steal a few percent of everyone's wealth every year forever and most people don't notice the hidden tax of inflation.  When you are talking about trillions in assets, that adds up quite quickly.  Not to mention, they have the power to create money at will and lend it to favored groups, politicians etc.  Anyone that can be bought and then control a huge government.

This is why bitcoin is critical, it prevents the power-hungry politicians from controlling people and stealing from them.

this

Many politicians, particularly the ones who are in it for money and power over other people, will do anything within the law or without the law to defeat the people who want liberty.  Look at how far some of the politicians went to defeat Trump in 2016 and then again to delegitimize him after he won.  They were willing to break the law to "unmask" people, attempt to entrap people, lie to the people in public (e.g. Clapper and Brennan - based on the congressional testimony which was opposite what they were saying on CNN/MSNBC etc).

...but not this

I've always been more of the mind that president Trump as a phenomenon is some kind of reality-show-as-real-life power play conducted by the US elite to manage big changes to the typical way of life for people living there (and all indications thus far suggest that Trump's period in office is on track to be just that kind of presidency)

If Bernie Sanders and Ron Paul could both lose the candidacy race despite being by far the most popular candidates, there's no reason at all why Trump couldn't have been similarly prevented from acceding to the Republican candidacy. It makes far more sense that the Republican Party and the US media were largely play-acting, as Trump has been intended to play the role of a highly divisive leader who can act as a scapegoat for acts that other establishment figures (e.g. the Federal Reserve) in the US do not want to take responsibility for.

[stomachgrowls]

Another shit news came from those so-called popular personalities on investment industry but this one definitely knows on whats BTC. Trying to Eliminate?

I doubt if they can and im sure that they are already doing such thing underground but they cant find a way even up to now. So i would say that it would really be pointless!

[bbc.reporter]

@Carlton Banks. On your comment about Trump, does that imply that the established leaders who might also be the kingmakers, will make it a certainty that Trump will win on November? The present crisis in America might need another 4 years of a scapegoat hehehehe.

[peterurb]

We should erase him  . Cryptocurrencies are in the way of transferring same as cash - no one can stop you from buying something with them and if you will not tell where is that money or private key no one will have access to your money. And cash is legit. But after few years crypto will be the same and there will be no more this articles.