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Benefits & Looming Dangers of Bitcoin

Featured Replies

 


A long and complex talk covering how Bitcoin, intended to offer independence from a financial system designed to fail, and to lead to neo-feudalism, is being taken control of by a "Financial-Industrial Complex" which syphons up the wealth of ordinary citizens, most notably at each successive economic crisis.
Wealth does not disappear.  It changes hands.

 

We are entering a crisis now, as witnessed by the depreciation in the value of fiat currencies against precious metals.

 

The interviewee, who held Bitcoin when valued at 3 USD, ends on a partially positive note with advice on how to resist the threat of a hostile take-over disguised in sheep's clothing.

 

For those who have not exposed themselves over the past few years to some of the scandals mentioned, or at least their darker hidden aspects, this will sound like pure "conspiracy theory".  But for those who have already troubled themselves sufficiently to glimpse into the shadows, this may help to give some coherence to otherwise disjointed 'news' … to "connect the dots".

 

 

It should have been obvious for many years already that crypto was created to make the rich richer, or in other words, to enlarge the gap between rich and poor.

Of course, the middle class also can pick up some grains from the extra wealth crypto has created for the super rich, but most of them don't understand crypto, and the whales are the super rich, who determine the price, because the price of crypto depends on demand.

So they create a high demand, then when they have sucked in a lot of middle class, they dump it and middle class will sell with little profit or even a loss. Rinse and repeat.

Trump then took it to a new level with creating his coins, which were purchased by his cult base, not the known crypto whales, and then declined by about 90% in only a few months after they were issued.

So he created a whole lot of new poors among his own supporter base

Crypto currency is the key to open the door and expand cybercrime and political and bureaucratic corruption globally. 

  • Author
1 hour ago, Middle Aged Grouch said:

Crypto currency is the key to open the door and expand cybercrime and political and bureaucratic corruption globally. 

Crypto is more transparent to law enforcement than many imagine, unless you are using Monero :

 

 

1 minute ago, ericbj said:

Crypto is more transparent to law enforcement than many imagine, unless you are using Monero :

 

 

Then why does ransomware usually ask for payment in crypto and gets away always ? 

  • Author
23 minutes ago, Middle Aged Grouch said:

Then why does ransomware usually ask for payment in crypto and gets away always ? 

The video answers your question.

9 hours ago, Middle Aged Grouch said:

Then why does ransomware usually ask for payment in crypto and gets away always ? 


They don’t always, Bitcoin is not anonymous and often the US government seizes it.

  • 2 months later...

Any updates ?

On 12/7/2025 at 12:27 AM, CallumWK said:

It should have been obvious for many years already that crypto was created to make the rich richer,

I was well off, not rich before I bought my dozens of Bitcoins in 2015 but if I was to sell today I'd be richer.

well for Gods sake sell them, stay lucky!

On 2/25/2026 at 6:43 AM, SAFETY FIRST said:

I was well off, not rich before I bought my dozens of Bitcoins in 2015 but if I was to sell today I'd be richer.

For your sake stay lucky and keep them.

  • 2 weeks later...

Why not sell half ?

Just in case !1

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