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It's gonna be a 'no' from me, dawg.
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I don't think governments & the WEF will adopt ETH simply because they don't hold the lions share of it.
CBDCs will be popular with the lemmings though. Airdrops, coupons, accepted everywhere by the gun
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They don't have to own it if they can regulate those that do.
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The purpose of bitcoin is to rebase the dollar, to fix the banking system and to hold congress accountable to reality, that's why the CIA created it. The long term play is bitcoin plus dollar, not one or the other. Thinking there is a war on bitcoin is silly, that's like saying there's a war on gold in the US. The smart play is to HODL because you want that thing they will (need to) peg the dollar to. Ethereum is meaningless and just another way to fleece the gullible.
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that's why the CIA created it
lol?
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Oops did I let that slip? :)
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What are your thoughts there?
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I don't think I can do justice a full explanation here, but I'll give it a try.
The history of the dollar leads me to believe the main purpose of the CIA is to maintain dollar dominance around the world. Everything they have their fingers on leads to some kind of change in how finance is done after one of their color revolutions. If the dollar is to remain dominant beyond this final and vertical phase of debt growth, it eventually needs to be rebased and to do so without doing something as silly as reverse splits which would lead to certain demise it rather needs to be pegged to something that cannot be manipulated such as a commodity yet is abundant enough that everyone can own some of it.
The 'old money' behind the banks is only interested in maintaining world control. If you control the money, you control the politicians, regulations, business, and the media. It was in the US's best interest for a time to allow this to continue on, but there have been revolutionaries in high places who tried to disconnect us from these monied interests.
As you know, President Jackson was successful for a time at resisting the succubi, Lincoln tried financial independence with his greenbacks, but then Grant hamfistedly lost grasp of the reins with his war-debt payoff gold-market collusion fiasco. This lead to the great bimetallism debate (The Wizard of Oz) where the US tried to play both sides of the gold/silver fence. On one hand we were swimming in wealth from the gold rush, and on the other hand our gold-centrality exposed us to world-market manipulation by the ancient European gold baron families. After decades of the US back under control of European gold markets, though prospering under a regime of peace and freedom, this hard-money system prevented the socialists in government from exploiting the tax chattel to fund an overseas meat grinder in the name of their honor. Thus the creation of the federal reserve, the income tax (16th amendment), and the restructuring of the states into subject provinces by removing representation in congress from the respective legislatures (17th amendment).
This new centrally controlled system worked so swimmingly it allowed congress to spend the wealth out from under each and every individual (effectively subverting the 13th amendment) for the benefit of their cronies with supposed "social programs" and "defense spending" out of which we have the birth of the military industrial complex (eternal war) and federal nanny state (18th amendment).
Somewhat by accident, during our continued overseas virtue-signaling, we found ourselves in possession of the world's biggest boom stick. As it would be some time before our competitors/allies would figure out how to make their own big boom sticks, and us coming out of this war with mostly unblemished infrastructure (other than a few mountains of dead fathers), we had a unique opportunity to force the world at-large to transact under our system of Washington issued fiat. Thus was born the petro-dollar. Out of the bowels of Naval Intelligence a new agency was created to maintain this overseas banking dominance, the CIA.
Since the CIA was created, every president who attempted to muddle with our system of fiat was either from the CIA, threatened by the CIA, politically destroyed by the CIA, or assassinated by the CIA. And with good reason, its from their good work that we are able to delude ourselves that the world is a safe place and when there's a potential pandemic we panic off to a department store and squirrel away heaps of toilet paper knowing nothing about how to survive outside the grid.
So to put it all together; If the purpose of the CIA is to maintain stability of the dollar, regardless of the irresponsibility and theft of congress and the president, they also knew full well for decades that the dollar would not survive as a world currency unless hyperinflation were to somehow be avoided. Thus our friend "Central/Moto" "Intelligence/Satoshi" "Agency/Naka" himself came to the rescue to introduce a new grass-roots system of value, seemingly designed with the aid of a time machine. Such a digital scarcity system could not take hold without it being grass-roots, and thus the obscurity of his anonymous identity and now disappearance.
What does this mean to us maxis? In my opinion, none of it matters. Bitcoin rests on the laurels of its merits alone and whether its yet another fiduciary manipulation documented only in a super-secret SCIF matters nothing at all. It is still the only truly scarce asset in the knowable universe, next to energy and space itself if at all.
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Bitcoin has over estimated how eager the government would be in shutting things down. This has allowed Ethereum to shoot ahead, cut corners, with more or less no intervention from government. Now it has a massive network effect and may as well be a store of value, and as this narrative gains credibility, bitcoins network effects will wane, and so will its security budget. So at this point, its up to Ethereum, will it fail from technical or politicial miscalculations? Thats the only way bitcoin "wins" now. If Ethereum ceases to exist, which seems unlikely. And once Bitcoin seizes to be relevant, so will the caring about decentralization and sound money, and Ethereum will show its true face.
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https://nitter.it/SGBarbour/status/1572259985698226184 <-- Shows the thread in a single, easy-to-read, web page
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Of course. Government could just declare Bitcoin's market cap is zero tomorrow. In fact that's about the only thing they can do when it comes down to it.
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