unfortunately, I need to agree with Jamie Dimon when he said that Bitcoin might be shut down by the governments.
They can’t shut down private keys. And have many reasons not to do so!
They can go after the ICO scams though to some extent.
Presumably Dimon has been told by his bankster buddies that the BItcoin bubble will be popped soon. He apparently does not realize how they are planning to pop it (the elite employ compartmentalisation to prevent their underlings from knowing all their plans and schemes). I am giving you a plausible theory.
They might increase regulation of the exchanges but they can’t stop decentralized ledgers (however there are no sustainably decentralized ledgers yet).No government in this world can stop bitcoin technically as this would require to turn off the internet, what isn't possible as every decent developed country highly rely on it.
Yes, they can declare it as illegal but this will not stop it as people aren't able to understand why it should be illegal? To declare it as illegal could have a negative impact on the government's credibility and this isn't good if you want to rob your citizens.
Somebody please email Armstrong!
Okay I decided to email him:
---------------------------- Original Message ----------------------------
Subject: Expert info about Bitcoin that Martin doesn’t know
From: "Shelby Moore" <
[email protected]>
Date: Fri, October 13, 2017 8:36 pm
To:
[email protected]--------------------------------------------------------------------------
Hi Martin,
I want to explain some EXTREMELY IMPORTANT facts—which you may not be
aware of—about cryptocurrencies and blockchains (or more generally
“decentralized ledgers” because for example my altcoin design has no
blocks and currency is not the only use of a decentralized consensus on
time-stamps).
I called your receptionist at your Wilmington, Delaware office and asked
what is the best way to get an important message to you and I was told to
email you, and if I really felt it was necessary I could follow up with a
short voice message. I stopped emailing you some years ago, because I know
you’re busy, and my emails were getting more and more “deranged”
(discombobulated, etc) because of my illness. I’m a programmer and
autodidactic polymath similar to yourself. My illness was finally
diagnosed as gut TB in January 2017. Didn’t even know TB could be present
in the gut with no cough. So that explains my autoimmunity decline of the
past several years. Now I’m battling liver and endocrine damage from that
ordeal. I started following your writings when you were unjustly
incarcerated and I have worked tirelessly to correct incorrect information
about you on the web. I even for example recently slapped down the 160 IQ
creator of the term “open source” when he slandered you about Civil War
history:
https://bitcointalksearch.org/topic/m.22683719I had in the back of mind that one day I will meet you at one of your
conferences, but I had not had the time nor the funds lately (several year
debilitating illness devastated my career and finances). But I presume it
will happen eventually (because for example I will launch a very important
altcoin soon). So I figured we could talk in person at some future
juncture, about the things we agree on and our differing perspectives in
other areas if ever you had the time. But I presume you’re a very busy
person as I am also. So let me shoot off this email to you with some
important information.
I am one of the foremost experts in this area known by other such experts
(but my name is not highly publicized) which I will document for you
below:
https://www.linkedin.com/in/shelby-moore-iii-b31488b0https://steemit.com/introduceyourself/@anonymint/anonymint-from-bitcointalk-introducing-myselfhttp://steemit.com/@anonyminthttps://bitcointalksearch.org/topic/m.16925985(list of all my past usernames on that discussion site)
My current username on the venerable Bitcointalk discussion site is
Hyperme.sh. I recently defended your warning about Bitcoin and governments
w.r.t. “black money” or the money laundering “crime”:
https://bitcointalksearch.org/topic/m.22488770However, you’re failing to understand that the private keys for
cryptocurrency can never be destroyed by the government. It’s even more
difficult than the government confiscating physical gold from every
household. How will they find all those private keys! Impossible. Thus
cryptocurrency is like an endospore bacteria that can’t ever be
permanently killed. It will if necessary lay dormant and come back to life
as soon as there is a communication channel for the decentralized ledger
to begin functioning again. There will exist a plurality of copies of the
state of the decentralized ledger spread out all over the global. The
governments can play Whac-A-Mole but they can never shut it down unless
they turn off the Internet, but they can’t turn off the Internet because
their own systems rely on it. And even if they did turn off the Internet,
hackers have short wave radio and even [electronic drone
pigeons](
https://bitcointalksearch.org/topic/m.22655189).
While it’s true that the national governments can shut down physical
commerce within their borders, they’re powerless to shut down commerce
which lives entirely in the virtual realm, such as everything related to
information technology which trades entirely on the Internet, especially
that which is done by nanotransactions. Is the government going to track
down every sex chat on WeChat? China can’t even stop it, as the people
have become wise enough to use VPNs and even joke phrases which have
obfuscated double meanings so the thought police are impotent. The
national governments will try, but they will fail to regulate the
Knowledge Age. They will kill the industrial age and everything tangible,
but that is because the Industrial Age is dying. I had a series of blogs
about this phenomenon which you seemed to also write about, but I was
writing about it before I ever read you write about this epochal
transition in technology:
https://bitcointalksearch.org/topic/m.3799720http://unheresy.com/Information%20Is%20Alive.htmlhttps://steemit.com/science/@anonymint/the-golden-knowledge-age-is-risingNow you’re sort of correct that up until now the predominant use case of
cryptocurrency is speculation in cryptocurrency. But decentralized ledgers
are diversifying. For example, Steemit put blogging on a blockchain, so
that no one can be censored. I’m working on applying this to
disintermediating every centralized website on the Internet, as I plan to
overturn Facebook, Github, Reddit, Wikipedia (so they can’t print lies
about you!), etc..
You’re missing about on a epochal transformation that is perhaps as earth
shattering as the Internet. It is like the Second Computer Revolution
applied to networks. Do not miss this train.
I know so many technological details about for example Byzantine agreement
versus probabilistic Byzantine fault tolerant consensus that I can't
possibly put it all in this email. For example, review my explanation of a
massive miner attack coming against the SegWit “fork” of Bitcoin:
https://bitcointalk.org/index.php?topic=2259054.0;viewResults(archived:
http://archive.is/cQTM1)
The above discussion is highly detailed and will introduce you to just how
presumably ignorant you likely are about the myriad of deep details
required to be able to understand what is really going on in our sector.
As you often said, experience is the best teacher. I have been doing
blockchain research non-stop since I wrote the following essay in March
2013 about Bitcoin — The Digital Kill Switch:
https://bitcointalksearch.org/topic/bitcoin-the-digital-kill-switch-160612Btw, I was investing in silver before that, in fact buying Comex bars
during the 2008/9 crash and minting rounds and shipping them to @rpietila
in Finland for example. In January 2013, @rpietila asked me if he should
sell $100,000 of silver and buy BTC at $10 and I concurred. He became a
multi-millionaire during the 2013 run to $1200 (but apparently he lost it
all since then). I was not able to invest because my illness had
devastated my life and I had lost $75,000 in 2012 because I was not
following you yet closely and I followed some idiot promoter Graham
Summers into shorting China. So it was around August 2012 that I started
to notice you were calling for a long-term bull market in the DJIA. But it
was some months until I understood better your theme and by that time it
was too late for my former depleted savings. Any way, I will earn it back
as an altcoin programmer soon. I’m no longer a silverbug. I learned a lot
over the past decade. Before that I was basically just a programmer with
an interest in marketing and economics.
Tangentially, my theory is Mossad created Bitcoin as a creative
destruction to undermine the national central banks and bring about their
destiny in Revelation. I offer some technical evidence and arguments that
Satoshi planned it out this way in advance (you’re going to have to dig
into my many posts to find all my arguments which are spread around,
similar to your blogging style):
https://bitcointalksearch.org/topic/m.22604852I hope you have updated yourself on the evidence that Mossad did 9/11. It
is much more compelling now than it was when I heard about that theory
several years ago:
https://steemit.com/politics/@anonymint/israel-s-mossad-did-9-11https://bitcointalksearch.org/topic/m.22399270In particular, I want you to understand that recent research has modeled
that Bitcoin can’t converge to consensus as the revenue from transaction
fees becomes more significant than the revenue from protocol dictated
block rewards (and I’m presuming you understand some of the rudimentary
technical details about how block chain mining works):
https://gist.github.com/shelby3/e0c36e24344efba2d1f0d650cd94f1c7Some further discussion of that:
http://archive.is/8TEFu#selection-20289.0-20289.23(also
https://bitcointalksearch.org/topic/m.22889412)
Note my religious or philosophical beliefs are nuanced:
https://bitcointalksearch.org/topic/m.22430869(you will need to read one or two pages of discussion between myself and
the USA doctor @CoinCube to get the full Gist of my existential
philosophical stance on religion)
I think one major difference between your and my world views has been that
you do not believe there is any elite in control, and while I agree with
you because I understand the inviolable Second Law of Thermodynamics, I
believe the facts will show that the Zionists have a trend going on
towards world domination in terms of the world of finance. I would be
interested to delve into this deeper however. I believe you’re correct
that the cycles are inviolable, but I also think during the current cycle,
the Zionists become very strong before they ultimately fail as written in
Revelation.
I’m not claiming for example that the Ukrainians did not have a real
revolution or that your predictions about rising separatism is not correct
and not due to a cycle. No. What I am saying is this cycle is aligned with
the rise of the diabolical Zionist plan. Again this requires deep
discussion which we can’t achieve in email. We could easily misunderstand
the details and nuances of each others’ arguments if only in email.
I want to thank you for all that you do. And we’re in this fight on your
side for benefit of humankind. God bless.
P.S. I’m available on Skype: shelby.h.moore.iii From there other contact
information can be provided if anyone wishes to talk with me. Again I am a
very experienced programmer as well, but I’m not particularly
kwowledgeable about machine learning although I did some autodidact
research on A.I. in the 1980s.
I received the following auto-reply:
---------------------------- Original Message ----------------------------
Subject: Thank You For Your Email Re: Expert info about Bitcoin that Martin doesn’t know
From: "Martin Armstrong" <
[email protected]>
Date: Fri, October 13, 2017 8:36 pm
To:
[email protected]--------------------------------------------------------------------------
Thank you for your email. This inbox is not actively monitored by our customer service team. If this is a customer service inquiry, please visit
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