I would not have predicted this due to my ignorance of the details of BTC management, but in hindsight it seems obvious that Epstein would be involved in legacy financial involvement in BTC. It has become apparent of late that the legacy financial interests have become the primary recipients of the cryptocurrency, and have employed the mechanisms that enable them to capture and manipulate other currencies and assets to BTC.
Here's the receipts, briefly sketched out and easily understandable, even for relative n00bs like me.
I have consistently noted that BTC is just data, and there isn't a secure FOSS physical network over which BTC can communicate transactions at scale. The infrastructure on which the internet is dependent is wholly owned by legacy financial interests. Additionally, the panoptic surveillance in recent decades has created a Big Data pool that is perfect to enable AI to manage by algorithm based on that data, and this allows every specific user, every specific crypto, and each specific transaction to be individually managed automatically at the whim of the owners of the physical infrastructure. They own the pipes, and decide what flows through them, at their sole option.
This granular control transforms every cryptocurrency functionally into a CBDC, and whatever metrics they find desirable can be applied to each and every transaction. This means that the value of BTC is whatever they say it is, because even if you have 1M BTC, they can prevent you personally from spending one satoshi on steak, stock, or anything at all anytime they want, for any reason whatsoever. Every communication of data over their pipes depends on their permission, and their surveillance data about everyone in the world enables them to use AI to apply selected algorithms to granularly permit communications, including transactions, based on any metrics they choose.
Rather than freeing us from banksters, cryptocurrency actually renders us completely at their mercy.
YMMV, but you pays your money and you takes your chances. Do you feel lucky? Do you trust your overlords? Nothing is easier than censorship, and they demonstrably have the unitary power to censor anything they want that depends on their permission, which the internet demonstrably does.
More information is better, and oddly the release of some Epstein files is vital information regarding BTC. Have a look at this brief (<10M) video.
Update: @valued-customer, I paid out 0.252 HIVE and 0.000 HBD to reward 7 comments in this discussion thread.
Dear @valued-customer !
In the world I live in, Bitcoin is used for speculation by individuals and to hide the funds of criminal organizations.
State has not yet created a way to tax Bitcoin.
I don't know much about Bitcoin!
Because private parties own the hardware on which the internet protocol is dependent, the public/private partnerships (Fascism) that states today are enable the corporations to manage cryptocurrency transactions that far more effectively manage the economic assets people can apply than crude taxation enables. States do not need taxes to have economic assets. States today borrow money to effect all their purposes. They tax us to prevent our accumulation of capital and become competition to the corporations that are increasingly replacing government by states as the rulers of the world. They don't tax us to gain money. They tax us to keep us from having too much money.
The only solution to this threat is to use non-financial assets such as goodwill to create economic power. Cryptocurrencies are not a means of escaping economic control, but the means of exerting that control by Fascist power to enslave their users by the exact social credit mechanisms CBDCs exert. Every cryptocurrency enables this control, or is useless to prevent it, because all of them depend on the permission of the investors that own the physical network infrastructure to be used. Encrypted cryptocurrencies like Monero can simply be censored and prevented from being transmitted, making them useless. The massive surveillance database that has been acquired in recent decades on all of us enables AI to manage our communications with granular specificity. Every user communicates every digit by permission, and AI can permit only our communications algorithms allow.
This does not apply to precious metals, nor goodwill.
Thanks!
Bitcoin is open source & transparent, horrible to use for criminal purposes. Unless you’re well aware of adding additional layers of anonymity which isn’t for the non tech expert. Monero far more used for anonymous transactions. Bitcoin is terrible choice unless many extra actions are taken to prevent being tracked. !LADY !PIZZA
Dear @geneeverett !
Thank you for kind answer and pizza! 😃
Thanks. Sold everything
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I really recommend actually reading and viewing the sources I post before commenting.
This exemplifies my caution, because the point of the post wasn't Epstein using BTC. Epstein was integral to the corporate involvement in Blockstream, consulted and arranging corporate investment to the point where he was considered an investor whose involvement constituted principal management of the project. This despite no actual financial investment on his part.
Epstein was a principal architect of the formation of the corporate control of BTC, not merely someone who bought some tokens. I can understand skimming content to form a gestalt, but as our interaction here shows, this risks leaving our biases unchallenged by new information presented in content we skim, or only read the headlines.
I do appreciate you including me in your extensive list of sources, and I don't resent you skimming my content or something. I intend to provide you useful criticism that enables you to avoid misunderstanding going forward, as your comment suggests happened here, and regarding my last post about the Mississippi River. I do this not because I find your commentary lacking, but because I find your capacity to understand and cogently comment of great value. However, since you haven't read and fully understood what I posted, you do not apply your ability to understand and comment cogently. I think this robs you of understanding, and me of valuable critique that can improve mine.
I don't think Epstein's involvement is a reason not to use it. I think the fact that all cryptos are dependent on the permission of the owners of the physical hardware the internet protocol itself depends on makes them completely dependent on the permission of the investors that own that hardware and the massive database produced by the holistic surveillance all of us have been sources of, and that enables granular specificity of censorship of our communications, is. Since cryptocurrency is just data, granular censorship produces every possible control over our crypto transactions CBDCs enable. It turns every crypto, including Monero, into a CBDC applying social credit scores to enslave users.
That is THE reason I find compelling to not depend on cryptocurrency to secure myself from economic control of malevolent overlords, because it is exactly the mechanism of economic control I seek to avoid.
Thanks!
I don't think they're ready to pull the trigger yet, but when they do using the internet to transact with crypto is kill. I also think crypto can remain very useful - and valuable - if we can create independent comms. I have looked into mesh networks using the LoRa spectrum that is used for IoT, and therefore has innumerable sources already and is pretty easy to bury signals in all the toasters, microwaves, refrigerators, and lightbulbs sending surveillance data back to corporate from every home with smart appliances in them. That helps to prevent triangulation which can locate radio sources, if there's ever a problem using that spectrum. Meshtastic and Meshcore are both exploding in popularity RN, with my sources claiming that meshcore is the better protocol.
For folks that can solder and flash esp32 firmware, devices can be had for as little as ~$20 per unit, but turnkey units run from $50 - $80 or so that I've seen. These tools are line of sight, but in populated areas like the E. coast and W. coast of the USA, rapidly growing mesh networks are up and running. I think these are a viable mechanism to keep crypto valuable and useful, because there's no owner of that spectrum, and no one can censor comms using it. I also think that if the internet becomes unusable to transact with crypto, these networks will virtually explode as folks adopt them so they can continue to transact with crypto. Particularly privacy coins will become useful again in that scenario, at least for a while. Because the problem isn't the crypto but the network, and folks are establishing free open networks on inexpensive hardware, the problem is halfway solved already.
These networks aren't presently high enough bandwidth to stream video, but they're fine for texting, which is all that is necessary to transact. They may be able to upscale considerably as well, since all that is necessary is higher end devices. A hurdle is backbone and long distance comms, such as across oceans, or vast deserts where few people live. The nearest meshtastic node to me in the very popular PNW network is ~30 miles away, which wouldn't be a problem except the Coast Range of mountains separates us. Lashing some solar powered nodes to some tall trees could solve that problem, if someone had a few hundred bucks and an open weekend.
Presently there's still time to prepare for the internet to become KYC and our use of it to transact outside the legacy financial system hasn't yet been terminated. I think the imposition of complete control over our use of the internet to communicate and transact is inevitable, and is happening incrementally by the day. I am unaware that anyone is using mesh networks to transact - but I think it's time to start spinning up that capability.
Edit: God, I hope Epstein isn't Satoshi Nakamoto. I've already been convinced he isn't dead, if he's a googolillionaire that's just a terrible outcome. So far no one's touched the SN accounts to my knowledge, so it seems not to be the case, at least at present.
That's why piggybacking on the LoRa frequencies is so useful. It's the space set aside for smart appliance surveillance, so there's at least some time before they can shut it down.
You're thinking right.