[2022-11-27] Hillary Clinton Warns of China and Russia ‘Manipulating’ Crypto

bbc.reporter

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Quote from: Kakmakr on December 03, 2021, 12:40:59 AM

China could have collapsed the whole Bitcoin experiment if they really wanted to, but they did not do that. The Chinese had the most hashing power in mining, but their government "banned" Bitcoin mining. So why would China do this, if they had the power to monopolize the whole Bitcoin mining scene? They even have a monopoly on the manufacturing of ASIC mining ....but they are still exporting those chips to the rest of the world.

Hillary Clinton should go to the old age home (74 years) and run the Chess committee there, because her time has past as a good politician. Roll Eyes

China only banned mining because Beijing has decided to stop importing thermal coal and to reduce their carbon footprint. This caused energy shortages all over China which also caused Beijing to ban energy usage that are not essential to the economy of the country. They had to do this to protect their manufacturing sector. I reckon if there were no energy shortages, cryptomining would remain allowed.

Another cause of the ban might be because Beijing does not want the cryptospace in any type of presence in China. This is because OTC desks were using the cryptospace to become the facilitators of laundering money from illegal activies and scams.

magneto

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Hillary's points have all been quite ridiculous so far.

How can bitcoin even destabilize the dollar when it is imminent to collapse in the first place? And if a currency that is backed by the people and no one else was able to destabilize the dollar, perhaps there was something wrong with the fiat system to begin with?

Now the manipulation narrative. You can manipulate centralized fiats, but certainly not bitcoin's supply and demand.

Kakmakr

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China could have collapsed the whole Bitcoin experiment if they really wanted to, but they did not do that. The Chinese had the most hashing power in mining, but their government "banned" Bitcoin mining. So why would China do this, if they had the power to monopolize the whole Bitcoin mining scene? They even have a monopoly on the manufacturing of ASIC mining ....but they are still exporting those chips to the rest of the world.

Hillary Clinton should go to the old age home (74 years) and run the Chess committee there, because her time has past as a good politician. Roll Eyes

bbc.reporter

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@cr1776. Agreed! It is very clear that the politicians are protecting their friends in the banking guild and their monopoly over money and everything how money is used. In the cryptospace it is easier for everyone to do moneylaundering, tax evasion or donate to their favorite far right white supremacist group hehehe.

The Daily Stormer website advocates for the purity of the white race, posts hate-filled, conspiratorial screeds against Blacks, Jews and women and has helped inspire at least three racially motivated murders. It has also made its founder, Andrew Anglin, a millionaire.

Anglin has tapped a worldwide network of supporters to take in at least 112 Bitcoin since January 2017 — worth $4.8 million at today’s exchange rate — according to data shared with The Associated Press. He’s likely raised even more.

Source https://apnews.com/article/cryptocurrency-coronavirus-pandemic-technology-business-europe-f7f754fc2c68b0eb0d712239323f26c3

cr1776

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It is only superficially the banks that she wants to protect. The fear is that if the authoritarians lose control of the currency, they lose their power over money and consequently over people. Sure, that would hurt the banks, but the root fear goes much deeper than that: free people not controlled by them.

bbc.reporter

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Quote from: DooMAD on November 30, 2021, 07:43:25 AM

Quote from: bbc.reporter on November 29, 2021, 08:47:00 PM

I predict the American government to become very desperate and begin calling cryptocoin users as terrorists and they will create a storyline that they are part of a larger conspiracy to destabilize everything.

Probably. And yet the US are effectively the biggest threat to themselves. When your domestic policy can't pay for your foreign policy, it's time to stop looking for new enemies to make.

Go on, America, start another fight you can't possibly win. I dare you. After all, you've accomplished so much with the 'war on drugs' and the 'war on terror', I can't wait to see how the 'war or crypto' pans out for you. Roll Eyes

However, I am very skeptical if the American government wants to win the war on drugs, the war in terror or their new war on crypto. They will let it continue and grow for as long as it will take for them to collect funding from the national budget. They are not fighting to win, they are fighting to scam.

In any case, would it be better for the cryptospace if Trump won? Where are those democrat larpers in the cryptospace? They have been very quiet in social media.

davis196

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How the hell can cryptocurrency manipulation "destabilize the US dollar"?
WTF?This doesn't make any sense.
China is basically out of the crypto world,but this b***h is trying to continue the "China is manipulating cryptocurrencies" FUD shit.This is pure ignorance.
Guess what.Cryptocurrencies are supposed to destabilize the US dollar,because they are created as an alternative to the US dollar.Unfortunately they have turned into investment assets,which are valued in USD and stablecoins like Tether pretty much helped for this process.This means that there's no threat for the dominance of the US dollar coming from the cryptocurrency world.
Basically Clinton is using a good old manipulation tactic,which is being used by all politicians.Using a foreign enemy as an excuse to reduce people's freedoms and impose fascist laws and regulations over the society.

DooMAD

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Quote from: bbc.reporter on November 29, 2021, 08:47:00 PM

I predict the American government to become very desperate and begin calling cryptocoin users as terrorists and they will create a storyline that they are part of a larger conspiracy to destabilize everything.

Probably. And yet the US are effectively the biggest threat to themselves. When your domestic policy can't pay for your foreign policy, it's time to stop looking for new enemies to make.

Go on, America, start another fight you can't possibly win. I dare you. After all, you've accomplished so much with the 'war on drugs' and the 'war on terror', I can't wait to see how the 'war or crypto' pans out for you. Roll Eyes

bbc.reporter

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@DooMAD. Agreed and as I have mentioned in my post before this already. On Hillary’s statement, a non-state actor can be the hustlers behind Tether, the cryptocoin developers including Bitcoin’s development team or it can also be the cryptospace community.

I predict the American government to become very desperate and begin calling cryptocoin users as terrorists and they will create a storyline that they are part of a larger conspiracy to destabilize everything.

DooMAD

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Leave no FUD unchallenged

Quote from: bbc.reporter on November 26, 2021, 10:15:24 PM

non-state actors

Technically, isn't every single Bitcoin user a non-state actor?

I'm sure they'd feel super bad about it if their proposed regulations impacted us in any way. Roll Eyes

Please surrender your freedoms because . Except it won't work because we're not that stupid.

NeuroticFish

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Quote from: bbc.reporter on November 26, 2021, 10:15:24 PM

It appears Hillary is acting on the orders of her masters from the banking guild.
[...]
She added that, “We’re looking at not only states such as China or Russia manipulating technology of all kinds to their advantage.

While I agree that the declarations are meant to be beneficial for her banking friends, not necessarily to reflect the reality, at least in theory it is possible a state - especially a dictatorship - act like a whale, manipulate the price and gather wealth through crypto markets.

People were crying in 2017-2018 for more regulation in crypto, especially because they've got too greedy and got scammed.
Now the regulations are getting real and they obviously mean also more surveillance and less privacy.

The fact the politicians keep telling this is to show that they've been thinking at fixing a problem as they see it (i.e. they did work, didn't sit for nothing), I don't think that it's that much (any longer) about bashing bitcoin.
Nice picture though Cheesy

bbc.reporter

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Quote from: SFR10 on November 28, 2021, 02:24:12 AM

Quote from: bbc.reporter on November 27, 2021, 08:28:58 PM

Bitcoin has become more as a speculative investment.

Unfortunately, that's true.

Quote from: bbc.reporter on November 27, 2021, 08:28:58 PM

also the cryptospace market proved this. Have you noticed how USDT has hyperdollarized everything in the cryptospace? Every altcoin was priced in BTC before 2017, presently it is in USDT.

Yes, I've noticed that in some of the platforms, but I still think we're giving them way more credit than they deserve ^{[it's just more practical and feasible]}.

Quote from: bbc.reporter on November 27, 2021, 08:28:58 PM

Also, based on her interview non-state actors imply people who are not working for the government. It can be those hustlers behind Tether, it can be the cryptocoin developers or it can be the community.

You're right, but I was referring to the part that said: "in concert with states ^{[sorry, I forgot to highlight it (my bad)]}".

I am sorry, however, I disagree. I do not know where some people might have been for the last 3 years if they argue that Tether’s hyperdollarization has not occured. But hyperdollarization has not only occured in some platforms, it has occured in the whole cryptospace. USDT is carrying the highest volume, it is the most used stablecoin on most of the exchanges and much of the market makers use it to maintain orderbooks.

Also, you are mistaken, Hillary’s statement is telling everyone that non-state actors is the danger with or without the help of corrupt officials. We might witness stricter rules and regulations for the cryptospace beginning on 2022.

Woodie

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I am sorry, I just don't trust politicians, and why does it have to be China and Russia involved whenever the topic is in the lines of technology?? You had Russia implicated in elections that saw Trump come out as the victor, and for China well lets just say these are your biggest threats when it comes to all things tech & trade and you are trying to use the public to turn against these guys. Let crypto be, it does not need one country calling the shots about it, its survived this long for a reason and keeps going strong thanks to its decentralized nature.

SFR10

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Quote from: bbc.reporter on November 27, 2021, 08:28:58 PM

Bitcoin has become more as a speculative investment.

Unfortunately, that's true.

Quote from: bbc.reporter on November 27, 2021, 08:28:58 PM

also the cryptospace market proved this. Have you noticed how USDT has hyperdollarized everything in the cryptospace? Every altcoin was priced in BTC before 2017, presently it is in USDT.

Yes, I've noticed that in some of the platforms, but I still think we're giving them way more credit than they deserve ^{[it's just more practical and feasible]}.

Quote from: bbc.reporter on November 27, 2021, 08:28:58 PM

Also, based on her interview non-state actors imply people who are not working for the government. It can be those hustlers behind Tether, it can be the cryptocoin developers or it can be the community.

You're right, but I was referring to the part that said: "in concert with states ^{[sorry, I forgot to highlight it (my bad)]}".

bbc.reporter

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@SFR10. I was not arguing about that hehe. Bitcoin has become more as a speculative investment. It can be used as a currency, however, Tether has the power to print its own dollar derivative pegged to the dollar and accepted as similar to the dollar. Money launderers in China proved this, also the cryptospace market proved this. Have you noticed how USDT has hyperdollarized everything in the cryptospace? Every altcoin was priced in BTC before 2017, presently it is in USDT.

Also, based on her interview non-state actors imply people who are not working for the government. It can be those hustlers behind Tether, it can be the cryptocoin developers or it can be the community.

SFR10

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Quote from: bbc.reporter on November 26, 2021, 10:15:24 PM

Also, I reckon the real threat to the banking guild is not bitcoin. It is Tether and other stablecoins because they can redollarize countries without the need to own a Federal Reserve printer.

You have a point but since "most of the stablecoins can be frozen", that still leaves BTCitcoin as the biggest threat to their banking system!

Quote from: bbc.reporter on November 26, 2021, 10:15:24 PM

non-state actors ‘manipulating’ it and other technologies to destabilize the dollar.
~Snipped~
We’re looking at non-state actors, either in concert with states or on their own, destabilizing countries, destabilizing the dollar as the reserve currency.”

Based on her interview, I get the impression that instead of going after the corrupt officials, they'd prefer to indirectly restrict their movements ^{[personally, I wouldn't even consider that as a workaround, let alone a proper solution]}!

bbc.reporter

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It appears Hillary is acting on the orders of her masters from the banking guild. I reckon the reason why she is being moved to call on the Biden administration to regulate the cryptospace is to protect the banking guild’s monopoly in destabilizing countries and their currencies.

Also, I reckon the real threat to the banking guild is not bitcoin. It is Tether and other stablecoins because they can redollarize countries without the need to own a Federal Reserve printer. El Salvador will be the first experiment of this.

Former presidential candidate Hillary Clinton has warned that the United States must act to regulate cryptocurrency in the face of states and non-state actors ‘manipulating’ it and other technologies to destabilize the dollar.

She added that, “We’re looking at not only states such as China or Russia manipulating technology of all kinds to their advantage. We’re looking at non-state actors, either in concert with states or on their own, destabilizing countries, destabilizing the dollar as the reserve currency.”

Read in full https://decrypt.co/86829/hillary-clinton-warns-of-china-and-russia-manipulating-crypto

Topic: [2022-11-27] Hillary Clinton Warns of China and Russia ‘Manipulating’ Crypto (Read 161 times)