Topic: A Reddit user is claiming to be a whistleblower from the Federal Reserve... (Read 2648 times)
August 06, 2014, 05:06:45 PM
Hard to believe in 2021. It maybe possible in 2041 or 2051.
August 06, 2014, 09:39:17 AM
It is an interesting story but without verification it is to be taken with a grain of salt. 2021 sounds good for mass adoption but I am not sure it will be quite that fast.
August 06, 2014, 09:27:03 AM
now I would have believed him if he said
we discovered bitcoin is an nsa/cia project to fund their drug dealing for black ops and secret government agendas
and if he said here's proof
Satoshi Nakamoto is CENTRAL INTELLIGENCE in Japanese
Then I would be interested
Bitcoin enjoyed the logarithmic spiral of fast growth, and it's hyper deflation in value will be an amazing thing to watch
A true currency needs one central thing, TRUST, now that the world can easily find out how it's a CIA project, the trust value is destroyed so in a short time it will go bust
My .0004 satoshi
Or 2 cents at these inflated values
we discovered bitcoin is an nsa/cia project to fund their drug dealing for black ops and secret government agendas
and if he said here's proof
Satoshi Nakamoto is CENTRAL INTELLIGENCE in Japanese
Then I would be interested
Bitcoin enjoyed the logarithmic spiral of fast growth, and it's hyper deflation in value will be an amazing thing to watch
A true currency needs one central thing, TRUST, now that the world can easily find out how it's a CIA project, the trust value is destroyed so in a short time it will go bust
My .0004 satoshi
Or 2 cents at these inflated values
August 06, 2014, 09:15:14 AM
Complete bullshit.
'Developing currency' is not simply not economics terminology. Perhaps the writer means 'minor currency' to a 'major currency', however actual researchers who know what they are talking about are pedantic.
You cannot perform normal simulations of interest rates on Bitcoin, as it's properties are widely divergent compared to fiat currencies. For one, the concept of federal funds rate (central bank rate) does not apply to Bitcoin. Complete signs of BS right here.
These two bears zero relevance to any impacts of Bitcoin, and are completely irrelevant to modelling currencies and specially assessing a 'tipping point' of adoption.
Monetary policy is macro. No economist would specify 'macro monetary policy'.
But quite simply, Bitcoin is vastly different and cannot be modeled a fiat currency, which is what the author of the post claims to have done (while sprinkling terminology that actual economists never say, and usually irrelevant to their point).
TL;DR: BS. You're welcome.
Quote
We were directed to upgrade our modeling of bitcoin from developing currency to a major currency.
'Developing currency' is not simply not economics terminology. Perhaps the writer means 'minor currency' to a 'major currency', however actual researchers who know what they are talking about are pedantic.
Quote
In addition to all of the common modeling and forecasting that task entails, we were instructed to do full simulations of money flows, interest rates
You cannot perform normal simulations of interest rates on Bitcoin, as it's properties are widely divergent compared to fiat currencies. For one, the concept of federal funds rate (central bank rate) does not apply to Bitcoin. Complete signs of BS right here.
Quote
multi currency derivative baskets, risk metrics
These two bears zero relevance to any impacts of Bitcoin, and are completely irrelevant to modelling currencies and specially assessing a 'tipping point' of adoption.
Quote
and their effects on global macro monetary policy and trade agreements.
Monetary policy is macro. No economist would specify 'macro monetary policy'.
But quite simply, Bitcoin is vastly different and cannot be modeled a fiat currency, which is what the author of the post claims to have done (while sprinkling terminology that actual economists never say, and usually irrelevant to their point).
TL;DR: BS. You're welcome.
August 06, 2014, 09:02:20 AM
I highly doubt anything is true that he writes....
The problem with the internet I guess and always will be, its really hard to find out who is actually typing the information here..
The problem with the internet I guess and always will be, its really hard to find out who is actually typing the information here..
August 06, 2014, 09:00:40 AM
Wow, reading that post is like a good movie. The collapse of the federal reserve predicted by one of their researchers. 
It's natural to question the validity, considering, the provided info would easily allow the Feds to identify this person.
If true, this could rival Snowden's revelations and could make this nameless person a mark for Fed mercenaries.
It's natural to question the validity, considering, the provided info would easily allow the Feds to identify this person.
If true, this could rival Snowden's revelations and could make this nameless person a mark for Fed mercenaries.
August 06, 2014, 07:12:09 AM
Quote
He seems a bit more serious than other "whistleblowers" I've seen, promising proof to come and an AMA. Basically, he claims to be a researcher, and that his team was put to work on an economic simulation involving Bitcoin. They concluded that Bitcoin would overtake the US dollar as early as 2021, and that it completely disrupts everything they understand about economics and monetary policy. He claims their superiors didn't like these conclusions, and hid the research while relocating the researchers to lesser roles.
Not really a whistleblower if it's an AMA, I think he wouldn't use reddit then. According to this prediction there are only 7 years left
I think the story in itself sounds plausible.
Quote
I don't see why they need all those complicated statistical models, projections and simulations to realize the obvious: Bitcoin is the ultimate FED killer, and it is designed to go viral.
Academics need these kind of models to convince their peers, who still think fiat is the future. and nobody will publish their work if there are no models, projections and simulations. The government in general has no idea, a lot of talk but no vision.
August 06, 2014, 06:19:22 AM
Let's hope its true....
I don't see why they need all those complicated statistical models, projections and simulations to realize the obvious: Bitcoin is the ultimate FED killer, and it is designed to go viral.
Anyhow, I don't see anything good or bad in this "whistleblower" report. Big bosses of the FED are realizing that Bitcoin is their big black Nemesis and that will kill their business model rather soonish? They had to realize it, sooner or later. They can only try to slow BTC adoption as much as possible, but they cannot stop it - Bitcoin is resilient by design.
Fill your Bitcoin wallets, grab popcorn and enjoy the show.
August 06, 2014, 04:10:43 AM
This is why reddit is useless. That user has no proof to support any of his claims. Downvote and upvote bots manipulate what makes it to the top.
https://www.techdirt.com/articles/20140224/17054826340/new-snowden-doc-reveals-how-gchqnsa-use-internet-to-manipulate-deceive-destroy-reputations.shtml
https://www.techdirt.com/articles/20140224/17054826340/new-snowden-doc-reveals-how-gchqnsa-use-internet-to-manipulate-deceive-destroy-reputations.shtml
August 06, 2014, 03:54:44 AM
This is not looking real for me, he is too open with risk of loosing job completly
August 06, 2014, 03:38:41 AM
Until this is verified I'm going to ignore it. This is quite a claim to post with no evidence whatsoever.
Exactly. more than likely a ploy to help the op sell higher than the price he bought in at. August 06, 2014, 03:32:39 AM
If I get this right, than some economist was hired by US-government to make a study about how Bitcoins influences the economy. After he presented his result, they told him, that they are not interessted in any more studies about Bitcoins from him.
Sounds believeable. So, what exactly is the big fuse?
Most likeley they just thought that his results are bullshit and hired someone else to make a better study.
Sounds believeable. So, what exactly is the big fuse?
Most likeley they just thought that his results are bullshit and hired someone else to make a better study.
August 06, 2014, 03:16:37 AM
Although I enjoyed the read, I highly doubt that this is remotely true. Hope to see some proof.
August 06, 2014, 03:05:48 AM
Just saw this. Interesting story, if unverified.
Hahaha, it's an interesting story if it's unverified? Meaning, if the OP made this shit up you'd find it interesting but you wouldn't find it interesting if it's a TRUE story?
Not a native speaker but from what I gather here and there I understand "foo if bar" is an idiom for "foo and bar" or maybe "foo but bar". Not an actual, literal "if".
I'd say it's more an idiom for "foo, despite bar".
August 06, 2014, 02:47:00 AM
Just saw this. Interesting story, if unverified.
Hahaha, it's an interesting story if it's unverified? Meaning, if the OP made this shit up you'd find it interesting but you wouldn't find it interesting if it's a TRUE story?
Not a native speaker but from what I gather here and there I understand "foo if bar" is an idiom for "foo and bar" or maybe "foo but bar". Not an actual, literal "if".
August 06, 2014, 01:47:32 AM
some people just to fucking around with other people online.. for now, that's my opinion on this. the story just doesn't check out.
August 06, 2014, 01:34:03 AM
Sounds like it could be the same guy who had a friend at the Marshall's office and leaked the bids:
https://bitcointalksearch.org/topic/fbi-us-marshals-auction-prices-leaked-bullish-671011
https://bitcointalksearch.org/topic/fbi-us-marshals-auction-prices-leaked-bullish-671011
August 06, 2014, 01:16:28 AM
Well, guess what? You can't verify it if it's a estimate. So, bye-bye common sense there!
August 06, 2014, 01:13:20 AM
I am intrigued. And I patiently wait for validation.
if thats will never come what will we do? wait until satoshi life again ?
August 06, 2014, 12:36:03 AM
Until this is verified I'm going to ignore it. This is quite a claim to post with no evidence whatsoever.
Jump to: