Bitcoin is a hash function called SHA-256 ?!!

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
we can see 5000 ?? i hope no :0

The government invents Bitcoin to get people excited about digital currency. Then they create their own, or partner with a mainstream bank to create digital cash.

Next, they initiate a global scale false flag attack, like a fake alien invasion, an electromagnetic pulse from North Korea, or a terrorist attack on the power grid. This chaos tanks the economy and the financial system. They blame Bitcoin for funding the terrorists (or aliens?) and outlaw it.

Then the government “saves the day” with their own cryptocurrency, and allows everyone to trade in their fiat dollars for the digital token. The government’s digital token tracks every financial transaction you make. They outlaw Bitcoin , gold , silver , and cash in the name of security so that terrorism cannot be funded.

Then some Biblical prophesies get brought in, and the government requires their crypto transactions be authenticated with RFID chips: the mark of the beast! So no one can transact in the economy without a tracking chip.

The government has complete control over the population. They can roll out automatic taxation, negative interest rates, and any other kind of control they want.

The creator of Natural News, “The Health Ranger” Mike Adams, concludes: “How do you feel about Bitcoin now?”

Well damn Mike, that sounds pretty scary! You know, I check my closets and under my bed after watching horror flicks too. That doesn’t mean being scared has actually increased the risk of a spooky story coming true.

Natural News has some good content. I like what Mike Adams does in general. But he has a clear bias against Bitcoin and basically flings crap against a wall until something sticks.

Take Bitcoin out of that conspiracy theory, and nothing changes. Bitcoin is not at all an integral part of that scenario. Insert cash where it says Bitcoin . And insert digital-cash in place of government-sponsored cryptocurrency. Government creating Bitcoin is an unnecessary extra step.

It’s not that I think the government wouldn’t try (or want to try) that scenario. But I do have serious doubts about their competence to carry it out.

Mike has also criticized Bitcoin speculators for thinking the government is going to allow them to hold onto their gains. So I guess people are supposed to abandon technological progress if the government is likely to outlaw it down the road. Might as well abandon gold and silver while we are at it since those will also be outlawed in his scenario.

In fact with this doomsday attitude that resistance is futile, why bother owning guns, collecting rainwater, or doing anything else to prepare for disaster? Does Mike really think the government is going to let him keep his ammo and solar panels?

He also criticizes Bitcoin enthusiasts for participating in a bubble, Ponzi scheme, or tulip-mania. That’s possible, but then why would these people have to fear the government outlawing something that is going to destroy itself anyway?

Mike has intelligent well thought out insights on many subjects. Bitcoin is not one of them.

Comment: now a big chance to go down to ~5000
shiva don't discount the article. i haven't read it. But your summary isn't as far fetched as many might think imho, and yes 5k is in sight...
@qdoc, yes we hope will not be 5k
qdoc shiva8
@shiva8, yes but i'm saying you need to take mike adams whoever he is seriously ;-)
qdoc qdoc
@qdoc, they won't ban btc though, even though they will and are reigning it in, in fact they told us they would
it's called pre programming
qdoc qdoc
@qdoc, also mike adams (and you!!! need(s) to look and think about their future which is ethereum imho
@qdoc, yes man you are right ethereum maybe will the number 1 this year
:) "the government" one have to be one world order, of course.
shiva8 userbeauty
@userbeauty, yeap
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