Topic: Is Bitcoin the "one world currency" the elites want us to adopt? - page 2. (Read 10222 times)

Lol no, absolutely not. The reason is that the "elites" are simply not competent enough to do something like this. When they want to make a "one world currency" they do something stupid like, the Euro. A one-region currency. Which is a big disaster, obviously.

Sure, the elites are going to try and hijack the currency. With the help of very large bitcoin businesses who (naturally, in an attempt to increase profits in the short term) will do things that aren't necessarily in consumers' best interest, like move all their USD accounts to the U.S., or in the future perhaps cooperating with gov't officials looking for account data to track tax evaders, etc, etc, etc. I'm not specifically poking fun at Mt. Gox but just saying that this kind of thing is bound to happen.

The only issue to overcome is really that a lot of people don't have the healthy level of skepticism required for a free market - bitcoin is kind of a free market microcosm trapped within the various socialist markets of the world. You don't need a tin-foil-hat level of skepticism, but when there are exchanges that boast of having 80% of trading volume, and when there are huge firms getting involved or large bitcoin-related companies starting to do things that seem a wee bit shady - rather than responding to concerned folks with "Lol its a good investment, you need to lay off the Alex Jones and stop calling for a big evil company boycott at the drop of a hat" we need to realize that, where Bitcoin is concerned there is NO government to protect us from our lack of healthy skepticism. (Not that governments do a good job protecting us from monopolies anyways, heck, they were implicit in creating the ones that exist currently.) Bitcoin consumers need to be more responsive in terms of ceasing to do business with irresponsible companies, rather than this expectation that nothing bad can really happen, it's Bitcoin, they're all good guys.

You'll noticed mixed doses of skepticism and enthusiasm in regards to Ripple. This is healthy. Ripple is new. Soon we'll find out what it's really about. However, some of the concepts behind Ripple are what is important. A p2p network that allows one to trade ANY asset - for instance, gold, USD, etc - over the internet instantly via a trust network. Even if one has one's doubts about the way it was initiated and the motivations behind its management, at the very least a competitor will arise with the same concept and more integrity. Or, the consumers will decide that Ripple is to be trusted, for now. We'll see!

I would steer clear of ripple.

+1

Take a look at Ripple if you still want to find the "elites" currency https://ripple.com

http://www.bos.frb.org/education/pubs/wishes.pdf

Federal Reserve Bank of Boston-Wishes and Rainbows

Comic book children's story about the introduction of colored flowers into a town that has never seen color. Designed to stimulate students' imagination as they explore the economic problem of scarce resources, various methods of allocation, and how societies react to alleviate such problems.

Road to roota

Roota's flower = Bitcoin?

Why would they want to create Bitcoin?
Bitcoin allows for fast and simple transfers across the globe. This allows anyone with an internet connection to fund any group.

Bitcoin allows the powers that be to maintain their economic powers.

The government most probably have technological advances which we haven't heard of that probably is able to break the bitcoin system.
They can easily track, hack and steal bitcoins using exploits and other technologies not available to the common person. I.E Van Eck phreaking to obtain private keys.

Thesis: We need money decentralized money independent of governments.
Antithesis: Bitcoins.
Synthesis: Crash the market and have everyone beg for a world government.

To me I recognize it as a global control mechanism and I think it is of the beast system.
Now they even got an incentive to create the mark of the beast it would cause all the Christians who have bitcoins to sell them off in an instant.

This medium of exchange can be anonymous which makes it harder for governments opposed to this system to impose financial aggression in the form of taxes and so on.

The Illuminati already travelled back in time and implanted all of us with bitcoin wallet RFIDs.  Really.  See that bump on your ankle?  That's where they put it.

Now dig it out.

As an active and due paying member of the Illuminati, Skull Masons, Stone and Bones Society, and Teamsters Local 455 I can assure that yes, yes it is.

No,

Bitcoins cant be controled, even legislation are ineffective.. It can be use at will, anonymously, by anyone.. The "One world currency" will not be similar to BTC, more like a new fiat !

Well the whole New World Order crap is obvious bullshit, but here's a thought:

Is it possible Bitcoin was created by one of the large Wall Street firms? These guys, especially Goldman Sachs, have a reputation of hiring the best and the brightest fellows you could find. The whole point of these firms is to make obscene profits, usually by inventing complicated financial products such as Collateralized Debt Obligations, Credit Default Swaps and the like.

It would be conceivable some of these guys found out it was possible to create a digital decentralized currency and it was only a matter of time before someone eventually would. The creator of this currency would get a head-start in mining, thus accumulating enormous amounts of it. Only one digital currency would survive, due to the network effect. It is important then that the currency you are building is the most likely to become the favorite currency of the people. The creator, whether it be some lone programmer hiding under the name Satoshi Nakamoto or the experimental department at the Goldman Sachs Tower at 200 West Street, New York, could become the ruler of the world.

You know a thread is fail when things like "implantable RFIDs" appears  

I have heard they will implant the hardware wallet via an anal probe  

Then you don't talk about "world currency", rather about an efficient international exchange market.  And yes, it would be great and again, ripple is going in that direction.  But it's not something that bitcoin should do, since bitcoin is not designed to do that.  It is something that should be done by whoever/whatever can do it.

I am looking at this from a lay perspective.  A world currency is one where people don't have to think too hard.  Now, when you go from the US to Europe, you have to change your currency, and things are priced differently.  Its a hassle.  Its a noticeably different currency.

If everyone had a currency with the same name, you would be getting closer to a world currency, but you would still have the problem of the exchanges.  What bitcoin can and should do, is to make that cross currency transaction so easy that nobody notices that we are using different currencies. You can even keep your own name for your currency. You can do that if you have decentralized exchanges everywhere which cost nothing to operate.
That is when you will end up having a practical world currency that actually works!

This is something I would like to see happen, but I'm a bit lost at the moment in how big the whole idea is and how many feet you will tread on to make it work!

The difference is that bitcoin does not plan on being a unique world currency.  It's a liberal currency so it is supposed to compete in a free monetary market.


A decentralized exchange market would indeed be very much welcome, and Ripple seems to be a serious step in that direction.  I don't know why you say it would be a world currency though.

I have been wondering about the single world currency issue and if it is bitcoin, its doomed to failure!

The Euro was a mini new world order currency, and it doesn't work because the world isn't set up to allow everyone to work, live and earn at the same level.  This is why bitcoin isn't going to become the huge dollar replacement the speculators imagine.

What does make sense though is an exchange system that allows various crypto currencies to exchange for practically nothing. That would give you your world currency, and your decentralization - a bit like ripple, but more so.

But specialists never make it to the top.  It's the generalists that employ and use them.


I agree with this, and it's part of the solution.  Bitcoin brings more freedom and equality to specialists.  For example software engineers can stay independent/anonymous, and eschew enslavement by their employers.

Maybe elites want you to adopt bitcoin.

The important question is which elites? The ones you feared or new benevolent ones?

If nobody forces me to wear one, and if they are fully open-source, I'm not sure why it would be a bad thing.


Instead of centralization, I'd rather talk about specialization.  The more difficult a task is, the less more specialized people do it.  It's a perfectly normal process that has existed pretty much since neolithics.   What matters is that everybody has the right to specialize in whatever field they want to invest their time/energy/brain in.

So as long as bitcoins remain a public and open-source protocol, there's nothing to worry about.


If it was that simple to control bitcoin, Silk Road would have been shutted down long ago.

If draconian laws were imposed on the bitcoin protocol, in violation of community consensus, the result would almost certainly be a fork. 

Then there would be 2 bitcoins:  heavily regulated Bitcoin1, accepted by government-sanctioned businesses, and decentralized Bitcoin2, rejected by government-sanctioned businesses but accepted by system D businesses and dissenting users.

Joe Average would probably end up using both: Bitcoin1 for paying his utility bills and Bitcoin2 for getting a haircut.

If the rules got too draconian for Bitcoin1, eg. if there was a 50% tax on every Bitcoin1 transaction, people would abandon Bitcoin1 en masse, move their savings in Bitcoin2, and only use Bitcoin1 when absolutely necessary.

Then government would have to start subverting Bitcoin2, causing it to fork into Bitcoin3 and Bitcoin4. 

And so on.

No!
Bitcoin is the ultimate democratization of currency, precisely the opposite of what any "elite"/controlling group would want.
 

No.