Bitcoin Cash; Somebody is Propping Up a Dying Cryptocurrency!
There was bitcoin and then Roger Ver wanted faster transactions and lower fees, so he
and others did a fork of bitcoin
That fork was named 'bitcoin cash'
Maybe you have heard of it and heard about the fork and the debate about why there should
be a fork
It had to do with the block size
Transactions have to be processed and put on the blockchain
The blockchain is the record of all transactions and this is why we no longer need a bank to
be the third party in transactions
We trust a distributed ledger and everyone who has a copy of the chain of transactions
is the new third party
Nobody has to trust any person
We now trust the blockchain, instead
It's brilliant and was not possible until Satoshi Nakamoto invented it
You may not realize it now, but this is the new technology that will revolutionize money
and banking
Reflecting back on history...
Recall that there was movement of cargo by sail and Andrew Carnegie was in the shipping
business, using sail boats in the Chesapeake
Robert Fulton rolls right past him with a steam ship and Carnegie knew he had to switch
to the new technology and he went for ships powered by steam
A new technology came along, following the Bessemer process for making steel in large
quantities, very cheaply, and Carnegie sold all his steamboats and opted out for railroads
Up until then, rails were made of cast iron
They were very brittle and expensive
Bessemer improved the strength of steel, by adding carbon
It could then be made in large quantities, very cheaply!
With carbon added to iron, steel was born and it was much more durable than cast iron
What is the lesson in all of this and how did Andrew Carnegie make so much money?
He watched technology and adapted, as the new inventions came along
He made money in all stages of his development and of course he was a very smart man and
worked hard
He had a reputation for being honest, as well
The technologies in those days was largely adding to one's muscle power
We are now in the information age and it's about increasing the power of the mind
What we are capable of today is far greater than any achievement of the past and so it
will pay for each of you to watch technology, look for opportunities and make a thorough
study of anything, BEFORE you jump off the 'high dive' into the swimming pool
What you see happening in cryptocurrencies today is a new form of gambling, not anything
to resemble investment!
Gamblers kiss the dice and investors ask thousands of questions and never quit asking questions,
because they want to make the BEST investment and not just buy a lottery ticket!
Know the difference between real investing and gambling!
Today, it's not about steel or railroads
The computer is the 'bicycle for the mind' and the internet links them all in series
Networks multiply the strength of the system
We are entering an age of enormous power and this power is going to change the world
Much of it will reside in the hands of the people who take up the new technology
The dying system is defending and they are going to fight the development, but will lose
in the end
They want us to continue bailing out their failed banks and supporting their fiat system
They want total control over our currency and they don't like the fact that they can't
print bitcoin and spend it, buying up all the best businesses and real estate in the
world
They will do something to gain control and further enslave us, so we have to back the
core developers who want to get our privacy back and get government out of our business
and our private financial affairs
They have been using terrorism and drug dealing as their reason for intervening in our lives,
but they are the drug dealers, the money launderers and the terrorists!
As the evils of Hillary Clinton come to light, there will be a revelation that government
is directly tied to all of her criminal activities and Dyncorp is closely associated with her
Since Congress is part of the huge crime syndicate in Washington and many members of Congress
have been photographed having sex with children, you can be sure they will not expose much!
The blackmailers send members of Congress to a brownstone where the kids are
Members of Congress have sex with the kids and it's all photographed
Jeffrey Epstein is directly involved in such blackmailing techniques and Bill Clinton has
made 20+ trips to Epstein's Island where kidnapped kids are kept
Kids disappear from national parks and the Department of the Interior doesn't keep track
of how many kids disappear each year, because they are part of the network and David Paulides
has done extensive work to find the facts on these disappearances!
Government is evil and there is a huge apparatus behind those puppet elected officials with
many departments and agencies with alphabet soup names
They have budgets that are illegal, deeds that are immoral and unconstitutional and
every year, their power grows!
We must expose them, spread truth and maybe one day, they will be where Hillary is, facing
a long prison sentence!
Much of the country now sees that Hillary should be sent to prison for her criminal
activities
How long will it be, before the deeds of these other nefarious players are exposed and prosecuted?
Forever, because the corruption in Washington is vast and everyone is owned by some group
and that's how they maintain control
Bitcoin comes along and there is hope, at last
First we must gain control over the currency
Then we need to get our privacy back
We have a huge endeavor to get back on the US Constitutional track, but I'm doing what
I can
Are you?
Money is at the center of all the evil
Cryptography makes it possible to do away with banks, speed up transactions and lower
costs
Bitcoin is the leader and there are problems
The blocksize is too small, so they are considering Segregated Witness, which means taking some
of the information out of each transaction and storing it, separately
That move effectively doubles the block size
It's like you have storage in your closet and one large tote has shoes and sweaters,
but you have too many shoes and too many sweaters and so you split them up and now your tote
has much more room
Miners are processing bitcoin transactions, but the system is flawed
Instead of taking these transactions in chronological order, as the system was intended, miners
are cherry picking the most profitable transactions and not processing the smaller ones with the
small transaction fees
This destroys one of the most advantageous attributes of bitcoin, the micro transaction
If you have a web site and you want to charge 1/10 of a penny and have viewers pay in bitcoin,
you could earn a lot of money, if you're Justin Bieber and one song has 2.3 billion views!
That's $2.3 million and who would object paying 1/10 of a penny?
Many people have ideas and web sites which could earn money
Some people are funny and they might have a following who would like to hear their jokes
Some are writers and they write science fiction time travel episodes and they want to get
paid
All of these new businesses are possible, because of micro payments and bitcoin is a
way to send value over the internet, but miners demand a tip and if the tip isn't large enough,
they refuse to process the transaction
You could offer them $20 for a large transaction and if they want $50, they don't budge
This is too much power in the hands of a few and that puts us right back where we started
from with bureaucrats in Washington gaining power and control and using it to enslave
the rest of us!
Miners are slowing down the rate at which transactions are being processed and they
are trying to get rich off those who transact in bitcoin
Too slow and too expensive!
That's what bitcoin has become
That's why Roger Ver forked bitcoin and he wants the blockchain doubled and he thinks
this will relieve the bottleneck and stop miners from being so powerful
Competitors are also doing something else which is unethical
They are spamming the mempool
The mempool is comprised of those transactions which are submitted, but not yet processed
These bitcoin cash aficionados are creating fake transactions and flooding them in, so
that there seems to be a bottleneck on bitcoin, which isn't actually there
This is dirty pool and it might be coming from Roger Ver's group
That's what most of the cryptocurrency crowd suspects
Did Roger Ver put them up to this?
I doubt it!
It's more likely a rogue group, that is trying to make a buck on the increase in price of
bitcoin cash
Roger Ver is respected by many and hated by some, as a result of his position against
high fees and slow transaction time
The bitcoin cash fork didn't help!
He remains very bullish on bitcoin cash and he was very clear about that, in an interview
I saw
Shortly after that interview, we see someone manipulating the price of bitcoin cash and
I suspect that Roger Ver is buying up all the cheapest bitcoin cash tokens, to prevent
the price from discovery
The term in a free market is 'price discovery' which means the buyers and sellers set the
price by their own 'ask and bid' system, but when there is manipulation, someone with deep
pockets decides to buy all cheap tokens, drive the price up and then sell when there is a
stampede of buying and by the way, I suspect this is going on in ALL 2,000 cryptocurrencies
They are luring gamblers and showing a nice graduation of the price, making it a wonderful
investment and it's a sucker's game, just like Las Vegas!
Suckers are going to get conned!
I suspect that the enemies of bitcoin and other cryptocurrencies are behind this, because
they can print all the money they need to fund this scam of the participants!
It wouldn't surprise me at all to hear that many of the new ICOs (initial coin offerings)
are created and financed by the Jamie Dimon crowd and the Wall Street/Goldman Sachs crooks
Government today is a Mafia and all the banks are in this Mafia
Government agencies work for this Mafia and you are the fool who plays their game
They skin you alive and it's like owning one of the casinos in Vegas!
I think it's quite possible to make $200 million on each ICO and if you delve into this and
study it, you might also find that this is attainable by the enemies of cryptocurrencies
They will do what they always do, commit atrocities against the people and then come up with the
solution, which is strict regulation on cryptocurrencies, which means they want to know everything you
do, every minute of your life!
They have asset forfeiture laws in place to take what's yours, if you fail to dot an 'i'
or cross a 't'
Government is a big fucking crook!
This is not going to change!
I see two possible paths
Government wins and we all lose
We win and government loses!
We abolish government and take away all their power, starting with money!
We end all wars and live in harmony and peace, from this time forward
Bitcoin has a major role to play, but we have people in Congress, like Charles Schumer and
Chuck Grassley who are globalists, working for the crooks, the fascists, the totalitarians,
the enslavers and the Nazis!
They are more likely to win, but I have hope!
Roger Ver felt that the fees should be lower and the confirmation much faster and I'm with
him on that!
Bitcoin is a great invention and I feel that miners are getting greedy
One of the cryptocurrencies is planning to do away with miners
It might be Ethereum
The blockchain is another great invention and we are seeing it embraced across the board
by the Wall Street crooks, banks and the dark, evil government
Everyone has a choice; Go down with the fiat Titanic or ride up, in the bitcoin hot air
balloon!
Everyone who switches, finds riches, but bitcoin is a long term investment!
It's also a roller coaster ride, guys, that will scare your socks off and for the ladies,
your pink panties, so don't get your panties in a bunch ...all you lite beer drinkers!
OK?
Lite beer drinkers are like, 'What did he say?
I was in the bathroom peeing!
Something about panties?'
Bitcoin is one application of the blockchain, but you can bet your ass that this blockchain
technology will solve many of our problems
Just as steel allowed us to build expansive bridges and tall buildings, the blockchain
will have applications that will transform our corrupt government
If the blockchain is used to tell us where all of our tax money went, that would have
an impact on our society
The civilization will advance now, as a result of the blockchain
Does that mean that every copycat of bitcoin will prosper, once the ICO is launched?
That's a very interesting question for you and everyone else to ponder!
I have some ideas about that and you will hear them, by the end of this video
You might agree or disagree, but the debate will leave everyone buzzing with ideas and
I can't think of a better way to kick it off than to make a video and tell you what I think!
Here's where we are at this moment
Bitcoin came out 3,244 days ago
Since January 3, 2009, which is 8 years 10 months 2 weeks and 4 days ago, bitcoin has
been like the cat that was let out of the bag
Today is November 21, 2017 and since bitcoin came out, it has made a sensation
I've heard that if you put $100 into bitcoin at inception, your $100 would have grown to
$300 million today!
That's what they say, but it's not true
Even at 5 cents, it doesn't pencil
I did the math!
It comes out to just $16 million; $16,340,000
If bitcoin was a nickel, you would get 2,000 bitcoins for $100
Today's price is $8,170
So that's $16,340,000
Even if bitcoin was only a penny at inception, that would only be 5 times more; $81,700,000
This tale that's being passed around doesn't pencil!
People repeat things and you must do the math
That's how you find out that they are wrong!
Let's summarize
The blockchain came out and bitcoin was born with it
Everyone thought that bitcoin was the BIG news, but actually, the blockchain was the
BIG news and bitcoin was minor
In the future we will look back on all the disruptions and see that it was the blockchain
was the carbon in the Bessemer process for making steel cheaply
The blockchain was the prize in Cracker Jack
It was the ethanol in Lite Beer.... wait!....wait!....wait!....
No!
Scratch that
Do you remember the song by the Coasters, 'Poison Ivy'
The blockchain is like that part that goes Measles make lumpy and mumps will make you
bumpy and chickenpox will make you jump and twitch
I can do that
Let me record a few tracks... that's it.... good...
OK
I'm ready!
Here goes: (Play the part of the song where they sing the special chorus)
You're gonna need an ocean (bump ba dump ba dump)
Of calamine lotion (bump ba dump ba dump)
You'll be scratchin' like a hound (bump ba dump ba dump)
The minute you start to mess around
Poison Ivy Poison Ivy
Late at night when you're sleepin' poison Ivy comes a creepin' around
That's what the blockchain is like!
The blockchain was the real cryptographic innovation and bitcoin was the first application
of this new technology
Do you see this as the new technology that is going to change the world?
Can you correlate it with Robert Fulton and the steam engine, Bessemer and carbon steel
and Andrew Carnegie with his railroads?
How about the song, 'Poison Ivy'
Sing it with me now...
(Play the part of the song where they sing the special chorus)
It pays to know the history, because this is the new technology and you must see it
as a continuation of our progress as a species!
First there were the Coasters, then Yakety Yak, then Charlie Brown, Poison Ivy and many
other hits, as I recall
Before that there was Bessemer, Andrew Carnegie and his railroads... a lot of people got rich
riding the wave of innovation, change and new technology, right?
Now we have a new technology to fold into our culture and it's the blockchain!
Here is something else to consider
When the earth changes, entire groups of animals die out
The ones that survive are the ones most adaptable or those who are gifted in some way
They possess something that makes the new conditions just right for them
If you knew how to program in computer languages and you were a young person, say 25 or 30
years old, you were at the right age when bitcoin came along
You are old enough to see the possibilities of this new technology and you quickly seize
opportunities and study, intensely, in order to keep up
When someone like Trace Mayer says he can't keep up, that tells you something
He's a very smart guy and when he says he can't keep up, that means we are in a steep
learning curve with revolutionary ideas sprouting everywhere, as you will see when I tell you
what Trace Mayer said, in just a minute
Get a pencil and paper ready so you can write them down
I have been telling my friends that I study around the clock and I can't keep up!
This new technology has so many things happening that I can't keep up!
It would be poor writing to say that, without some examples, so I'll do my best to give
you a clue
If you're wise, you will research each and master all of them, in order to have the most
advantage of this new technology
1.
SegWit 2.
Merkelized Abstract Syntax Trees 3.
Schnorr Signatures 4.
The Lightning Network 5.
Mimblewimble (one word) 6.
TumbleBit
These six are cutting edge innovations, as of late November 2017, but maybe soon, everyone
will be talking about them and they will become household words, like email and malware
These are relatively new words in our lexicon
Anyone who claims to travel to the future must bring back new words or they are either
liars or they have been drugged and hypnotized by the wicked, evil, sinful, iniquitous, egregious,
heinous, atrocious, vile, foul, abominable, odious, illegal, depraved, monstrous, fiendish,
diabolical, unspeakable, despicable; villainous, criminal, corrupt, unlawful; obsolete, dated
and dastardly government!
Can you tell I'm an anarchist?
I hate government!
I hate fascists, socialists, communists
I hate controls and legislation based on lies
Everything about government, is a lie!
Everything they put out is fake, false and felonious!
We need government, like we need a finger up our ass when we try to board an airplane!
Bitcoin gives us all hope for a world without continuous and endless wars, invasions and
occupations
It is going to be the 'Battle of Armageddon' but we can't back down from this fight to
be free, can we?
For the first time in history, the people have a weapon against government, that just
might be more powerful that a standing army or a nuclear weapon!
Government committed two acts of treason against us and they used nuclear weapons in both
One was 9/11 and the other was the Oklahoma City Bombing
There is strong evidence that tactical nuclear weapons were used in both false flags
Our government committed terrorist acts against our people and a foreign government participated
in these attacks
That government is Israel, a country that has been receiving foreign aid from us, since
they killed 34 sailors on the USS Liberty in 1967
There are too many people in high places in this government with a greater allegiance
to Israel than to America and Donald Trump is one such person!
He's a chump!
Donald Chump!
If we, the people gain control of the bitcoin cryptocurrency and it becomes the world's
reserve currency, we have a lot of power!
We could end all wars and dethrone those who are now king!
If we wanted to, it is now possible to exclude government from any cryptocurrency transaction!
They sowed the seeds of their own downfall, by implementing Know Your Customer laws, or
KYC laws
We use the KYC laws to learn who is behind each transaction and deny access to all those
we deem our enemy!
We could say, this bitcoin thing is for the people, not YOU guys who wage wars and tax
us to death!
We could make demands, like 'We are opposed to aid to Israel and we're not going to allow
anyone who supports aid to Israel to be part of the bitcoin thing!
We want a real investigation of 9/11 and we want all 900 military bases closed!'
Demand for bitcoin today is too weak, but there is a day when demand will be very strong
and bitcoin will be worth millions each
When oil deals are done in bitcoin, we can demand that only peaceful nations will have
their transactions approved
Any nation that is currently occupying any other nation is excluded
Like the miners who refuse transactions because the tip isn't large enough, the same miners
can boycott any group that promotes wars, invasions and illegal and unconstitutional
occupations!
Israel's terrorism will just have to end!
We could let all the people become filthy rich and close out those who wage constant
wars of aggression!
If bitcoin rises in price 1% per day, $100 grows to over $5 million in just 3 years
If we close out those with nuclear weapons, their pile 0f fiat turns to dog shit, as the
printing presses of the Federal Reserve ruin the USD!
The more USD there are, the less scarce they are and that means that the value evaporates
into thin air!
(Holds back a laugh!)
Sorry, I couldn't help that!
Federal reserve notes become worthless and if that's all they have, they have nothing!
The wealth has transferred to the people, for a change!
A radical change!
Peace breaks out, worldwide!
Prosperity returns!
All the FEMA camps are closed!
The first time in history that we see a turnover of power and control, from them to us!
They created a Social Security problem by seizing all the money in the fund and spending
it on wars!
We could require them to put it all back or they don't get in on bitcoin!
They have hundreds of trillions in unfunded liabilities, like Medicare and we could require
them to stop spending on war equipment and channel all that money into Social Security
and Medicare, so old people have what they paid for, in taxes!
If states want to get in on bitcoin, we demand that they stop dumping toxic chemicals into
our water supply!
Here is something you may not realize about cryptocurrencies
When money flows in, it's a small amount of money, but it affects the value of all existing
tokens of that cryptocurrency
If there are 16.6 million bitcoins and someone pays $9,000 for one, the price of all 16.6
million rises to the new level
This is like fractional reserve banking, only this is under OUR control, not under THEIR
control!
We are in the driver's seat and if they don't knock off all their bullshit, we're not going
to let them in on our new system of money; The Satoshi Nakamoto invention!
Satoshi Nakamoto didn't invent bitcoin so they could continue with their unnecessary
wars and their fractional reserve banking rackets
He had in mind to overthrow them with a new currency that they can't control and look
at how popular this new cryptocurrency is!
It is so popular that it has spawned 2,000 copycat cryptocurrencies that people are calling,
'altcoins'
There are even cryptocurrencies originated from the bitcoin leader and they are called,
'forks'
We can tell the Fed to 'FORK OFF!'
GO FORK YOURSELF!
I don't give a fork!
Roger Ver led the disciples toward the fork known as 'bitcoin cash' and it opened with
a bang!
The price was about $800
The trend line immediately began to decline and the value slumped to $300
There was intervention by someone!
I suspect Roger Ver with his 300,000 bitcoins worth about $2 billion now!
At $8,170 they are worth $2,451,000,000
He can afford to buy every bitcoin cash token that drops below $1,000 and he can resell
it when the world sees the rapid rise in value of bitcoin cash and he can make a profit by
propping up his pet cryptocurrency!
If you own bitcoin, what happens when there is a fork?
You own the new currency, as well!
It's automatic!
Anyone who owned bitcoin received just as many tokens from the new fork
The year 2018 is going to be the 'year of the fork', according to Trace Mayer
I agree!
We already have 2,000 cryptocurrencies, most of them, copycats of the bitcoin advance in
technology and why do we have 2,000 more altcoins?
Because speculators want to turn back the hands of the clock and buy bitcoin in its
infancy
Their reasoning is faulty and it goes like this: If bitcoin went from 5 cents to $8,000,
then maybe, just maybe one of these altcoins will rise to such heights and so they put
$100 into each
To me, this is like kissing the dice, before rolling them
This is gambler mentality, not investor mentality
Why?
Because a real investor does his homework
What is the homework?
It's knowing which cryptocurrency is most secure!
What is meant by secure?
It has to do with hashing power, but it's not my job to do your homework for you
If you're investing your money or your family's money, it's YOUR job to do YOUR due diligence
on the investment
I worked with private investors for 25 years and it took at least 10 years of that for
me to understand security
If you lend your friend money, will you get it back?
Not likely, if your friends are like my friends........ ex-friends!
I lent one long time friend $15,000 and he went back to Pakistan and cut off all contact
with me
Apparently, the money was worth more than our friendship!
Ripple is based on lending people money, from what I have read
This is why I never liked Ripple and why I feel it won't last!
I never liked Litecoin and I have seen it slip from being worth 1/29th as much as bitcoin
to what it is today 1/115; Bitcoin is $8,170 and Litecoin is 71 bucks!
Bitcoin used to be worth 29 times as much as Litecoin and now it's worth 115 times as
much as Litecoin
I have been watching this relationship for four years
When I began, Bitcoin had 98% of the market share and Litecoin was #2, with 1.5% of market
share, meaning capitalization
All other cryptocurrencies had just 1/2 of 1% and today, they represent about half of
all capitalization for cryptocurrencies
Today, Litecoin's capitalization market share is nowhere near 1.5% as it was in 2013
What's the future?
It's clear to me that we are going to see a flood of cryptocurrencies, each one a gamble
and so my opinion is that this cryptocurrency arena is the 'New Gambling Attraction' and
in this casino, the odds are with the gambler!
Here's why; If you begin a new cryptocurrency and launch an ICO or initial coin offering,
you can begin with a price of five cents, just as bitcoin did and speculators will quickly
come in and buy up $20 worth of your tokens
After the rush, things get quiet and the cryptocurrency is going nowhere, so what do you do?
You start buying up every token that comes up for sale below 10 cents
If there are no coins for sale at less than 10 cents, new buyers compete for those that
are available and the price begins to rise
A rising price attracts attention
People start investing, like speculators, gamblers and those who buy lottery tickets!
After a while you change your strategy and buy any token offered at less than 15 cents
and then 20 cents and then 50 cents, in a move to drive the price up
When the public sees the constant rise in price and begins to jump into the 'UP ELEVATOR',
it's time to unload all those tokens you bought at 5 cents, 20 cents 30 cents and 45 cents
and since the current price is 50 cents, you make a huge profit on most of them!
Since you are hugely profitable, you start five more cryptocurrencies and do the same
It's a cookie cutter and you repeat it, right?
You're cultivating suckers, like fattening up cattle, by feeding them hay!
You're going to cut their throats, in the end!
You're a businessman and your job is to make money!
Is there any shortage of gamblers and speculators in the world
Just look at Las Vegas!
Can you get a room there?
The occupancy rate is 98% and it's been that way for 20 years!
When there is a lottery, is there any shortage of buyers?
There was a fork of the bitcoin currency and the first fork was orchestrated by a group
that felt that the transaction fees were too high and wait time, too long
They felt that something had to be done, at once!
I sympathize with that view and feel that miners should be paid according to the design
of Satoshi Nakamoto and not be allowed to refuse transactions, because the bribe isn't
high enough!
Miners should be required to take transactions in chronological order and cut out this discriminatory
practice of looking at the tips and only waiting on customers who tip the most!
I was a waiter in college and one day the owner of the restaurant, Barbecue Heaven,
on Ventura Boulevard in Studio City, California said to me, 'These people at this table do
not tip and I want you to provide them service, anyway!'
I said, 'Sure Sylvia!
I'll wait on them!'
For me, it wasn't about money!
It was about service to customers!
If I like my job of waiting on tables, I'll do it for free, if I can!
I made plenty of money, as a waiter and so I could easily endure the hardship of not
getting paid on one table
I enjoyed seeing the smiles of people who came to enjoy barbecued sandwiches and ribs!
I also remember when I was just starting out, as a waiter and I worked at another restaurant,
where my service was not so good!
The boss, Adolph, fired me and it was long overdue, because I just wasn't cutting it,
as a waiter in those early days, having just arrived in California
I had owned clothing stores in Illinois and my mind was trained for that
Being a waiter was unfamiliar territory to me and my customers knew it
I recall one very, very nice, attractive, sweet and young Jewish lady who was so sympathetic
and understanding and tipped me, in spite of my inadequate skills, as a waiter
So, I got paid more than I deserved to be paid by that table and years later, when I
was better skilled, I worked for free on a table, where the patrons did not tip!
It all evens out in the end!
I worked in the loan business and got screwed out of many, many commissions, one of which
was $10 million!
A casino in Las Vegas was bankrupt and they needed a loan of $40 million
It was called the Vacation Village, located just south of the strip at 6711 Las Vegas
Boulevard,
The deal made no sense at all
I applied my skills and restructured the loan so that it made perfect sense
The Vacation Village was located on a 25 acre parcel, near the freeway
The owner was already bringing in Holiday Inn, with 2,000 rooms on the front portion
of the lot, but they had no plans for the back part of that lot
The idea of building time shares on the back, is what made the deal a winner!
It was a cash cow and the property would be worth, based on income, $650 million!
I was very proud of my creativity and skill, as a loan broker and I deserved to be paid!
My share was part of $10 million in commission for arranging a hard money loan of just $150
million against a value of $650 million!
The loan to value ratio was mouth watering to a huge investor!
That was August of 2001 and before the loan could be funded, the government did the false
flag known as 9/11, the following month, killing our people on our own soil
They also killed my deal, which killed me!
The $10 million commission never happened and I lost the biggest deal of my life!
That's alright, because things work out in the end
I am a veteran of many businesses and I have learned a lot, working with private investors
Here is what I learned
Security, that is, return OF capital, is much, much more important than return ON capital!
Most of you won't have any idea what I'm talking about, but there is one guy in the cryptocurrency
field who is very, very sharp and he knows what I'm talking about
His name is Trace Mayer and in one of his interviews, he spoke about security and he
most definitely knew what he was talking about!
Bitcoin has it!
Bitcoin cash will NEVER have it!
If you see the price of bitcoin cash rising, it's not because the cryptocurrency has security
More likely it's the money people jumping in to defraud the public by pumping up a cryptocurrency
so they can dump it when the flood of money comes in
They know exactly what they are doing and if you want to play with them, be sure to
sell too soon, OK?
You can come out ahead, but you must sell too soon!
Sell, before they sell and that will screw up their plan!
You walk away with a big bag of money, that belongs to THEM!
High risk, high return!
So I see bitcoin cash, which was dead on arrival and now it appears that things have changed,
suddenly
Someone with a lot of chips or money to blow is taking money out of bitcoin and putting
it into bitcoin cash
If you had a flat on the road, what would you do?
Would you fill the flat tire with air from other tires?
Taking money out of bitcoin and putting it into bitcoin cash, is like having a flat tire
on the road and your solution is to take air from a good tire and put it into the tire
with a hole in it!
This is stupid, isn't it?
You started out with one flat and now you have two!
Is that stupid?
How are you going to get home, with two flat tires?
If you have $2 billion, as Roger Ver has, you don't take air from one tire and put it
into the tire with a hole in it!
Somebody, possibly Roger Ver is moving money from bitcoin to bitcoin cash and the price
of both reflects it!
Everyone knows that Roger Ver is the main actor in this fork of bitcoin and that bitcoin
cash was created to solve two problems; the time it takes to do a transaction and lower
fees!
You see, bitcoin can only do about 7 transactions per second and Visa can do 25,000 transactions
per second!
Bitcoin can't scale up!
There was a large company in Japan, as I recall that wanted to bring in bitcoin and allow
their millions of customers to use it, but the scaling problem prevented it!
This is a bottleneck for bitcoin and something had to be done about it!
Roger Ver, being a leader, took the lead and resolved the issue, but the public didn't
buy it
We saw his pet cryptocurrency headed straight for extinction, before he intervened, to save
it!
If he is the one who started buying up all the cheap bitcoin cash tokens, then Roger
Ver turned bitcoin cash around and the price started moving upward!
We know at the peak that there was a lot of volume and we know that it was coming from
South Korea
As I recall, the peak occurred at $2,399 and it was 151% ahead for the past 24 hours!
Amazing!
Coinmarketcap.com is where I got this!
As the price was moving toward the peak, somebody pulled the plug and cashed out!
Was it the Koreans?
Likely!
In the stock market, they call this, 'taking profits'!
Human greed always pushes some to sell off and take profits!
Nobody can control that and Roger Ver seemed to be unaware of this
He is new at this game and his inexperience might have caused a big loss, if I'm right
I believe that he is the one running up the price of bitcoin cash, through market manipulation
Market manipulation is quite easy with the cryptos and I suspect the Wall Street crooks
and the Goldman Sachs crooks are in this, creating a new racket for themselves
I hope so, because if they can scam gamblers, they just might allow it to exist
If it exists, it's going to suck money out of everything they own; stocks, real estate,
bonds, treasuries and even gold
If bitcoin isn't dead yet, it's because Wall Street sees a chance to scam billions from
cryptocurrencies
Now, back to what I was saying
Investors didn't want to wait until others took profits and left them holding the bag,
so they sold out early and cashed out!
Roger Ver could have used his 300,000 bitcoins to save bitcoin cash from collapse, but he
might not have the experience to know what to do when a bubble expands too quickly and
bursts!
You're operating the gas pedal and the brake pedal at the same time!
The gas pedal is selling bitcoin and buying bitcoin cash to support the price and the
brake is when you see a bubble and you begin to unload bitcoin cash at a higher price to
avoid a bursting of the bubble
In this way you don't lose
You avoid the crash, as well
You slow things down
Some sellers might not sell, because the price isn't high enough, yet!
If they wait, no bursting of the bubble!
Bitcoin cash is not worth $2,399 to those investors who felt it was time to jump ship,
with all the gold!
When the stock market makes the big dive that has been predicted by so many experts, you're
going to see all the insiders sell off all their stocks, just before the big collapse
This leaves small investors holding the bag of worthless stock certificates!
This is what happened in 1929
Insiders bailed out before the crash, a famous trick on Wall Street and that's what I'm going
to tell you about, later!
The stock market should have already crashed
What prevented the impending stock market crash?
The Fed printed money, passed it out to all the big banks and they bought stocks with
that 'stimulus' money, instead of lending it to us!
Some 'stimulus'!
The banks were instructed to NOT MAKE LOANS TO US, the common people!
If they had, we would have seen a real recovery, but instead, the stock market bubble was puffed
up much larger and when it finally does implode, a lot of wealth is going to vanish, before
your eyes, in the biggest wealth vanishing act, ever!
Bitcoin will very likely be the safe haven
All that money in the stock market that gets out early enough will flee to save havens,
like gold, silver and bitcoin
When the crash comes, the government will have the perfect excuse to call in all the
gold and silver
Today they have so much power that you will be lucky if they pay you anything over $20
per ounce for your gold, because they don't have to give you anything!
Everything YOU own belongs to them, including YOU!
They even own the rain that falls on YOUR property!
They can put their finger up your ass at the airport, because they own you!
You are their slave!
So, people in the know are fully aware that gold is not safe!
Silver is not safe!
I don't even think that bitcoin is safe, because the NSA has everyone's passwords for everything
and we have assholes in Congress, like Charles Schumer and Chuck Grassley!
Both want Draconian laws for bitcoin and I think government is already obsolete!
We need to look at ways to end government and let the people rule themselves without
a totalitarian dictatorship
The bitcoin wallet, Armory, might provide security from the NSA spy agency, but I'm
not sure
Armory has a way to do the transaction offline and then broadcast the result to the blockchain
for inclusion
Is this absolutely safe?
Not with the NSA collecting so much information on each of us
How does one allow for technology that we don't even know about, because it's secret?
There is always a way to hack a computer, I've read!
Can the NSA hack a computer that is offline?
They might be able to do that!
You don't know!
If they can, it might have something to do with smart meters
They installed them for a reason!
What was that reason?
Was it mind control or was it to pick up signals from a nearby computer, even when it's offline?
You need to talk to the folks at Armory about this!
If you plan to invest in bitcoin, you better know a lot!
Security is more important, than return on investment!
Gold might go to $50,000 per troy ounce, but if government calls your gold in, they might
pay only $20 per ton for it and WHAT ARE YOU GOING TO DO?
Cry?
That's all you can do, because government is force and they use their force to take
from you and those in foreign countries who have oil, gold or natural resources, like
lithium, rare earth metals and so on
China has a monopoly on some rare earth metals
Those who own and control the USA would like to dominate China, so you hear a lot about
nuking North Korea so they can invade and occupy this strategic land, right there at
the doorstep of China!
The plan is for world domination by the fascists and the Nazis and China and Russia are not
cooperating with the takeover!
Everything you hear from the Ministry of Propaganda, is one piece of the puzzle, but few can assemble
the puzzle to see the big picture!
Bitcoin is screwed, if they do!
The best hope we have, is if bitcoin succeeds, because it puts control over money into our
hands and transfers wealth from those who have it now to those who have bitcoin!
Now, with all that said, let's return to what's happening with Roger Ver's pet project, bitcoin
cash
It was headed for extinction as I said and just before it reached what I thought was
the high point, $2,399 'bitcoin cash will NEVER replace bitcoin, because it doesn't
have the one thing that all smart investors need, SECURITY!'
I typed it as a comment on a video I was watching and I was getting a lot of comments under
my thread, when KABOOOOOOM!!!
Bitcoin crash cashed out!
Bitcoin cash, had crashed at last
All hopes, dashed!
It happened in a flash!
People swapped their bitcoin cash for cash in the crash
It went up, over the top and then the big splash!
It was that fast!
I was right and I'm not being brash!
The author of the video said it isn't going to end well and he was right!
He said this when bitcoin cash was moving up, briskly!
People saw the move up and thought it would never end!
They didn't see bitcoin cash, as risky!
The discussion I was having with the debating team was about security
I said bitcoin has it and bitcoin cash doesn't!
There is that word, again!
Security!
What is it?
Security is hashing power!
Security is the number of full nodes!
Bitcoin has security and bitcoin cash doesn't and never will!
I sympathize with Roger Ver
I want faster transaction speed and lower transaction fees, for the good of this new
innovation, bitcoin and the blockchain
I want to see this new technology succeed!
The details I am relating to you are actual and factual, but my involvement in the debate,
is intellectual
A lot of people are involved in the debate
Some top shelf and others, second rate
Some are core developers
Some are spectators with an interest in cryptocurrency, as a new sport
Some are actively involved in bitcoin and a few have made a fortune!
The growth rate is 1% per day now and that can turn $100 into $5 million in 3 years,
so this is interesting, to say the least!
There is another type of participant and that's the cryptocurrency creator of an ICO
LISTEN CAREFULLY!
There is a huge fortune to make in that endeavor and it involves market manipulation
I will tell you about that in a few minutes!
When you own bitcoin and there is a fork, you get an equal amount of the new cryptocurrency,
derived out of bitcoin, but with a new name
There has already been bitcoin cash, bitcoin gold and I've been hearing about bitcoin bronze
If you owned bitcoin, at the time of the forks, you got both bitcoin cash and bitcoin gold
free!
You own them already with more forks to come!
These two forks effectively tripled the tokens held by bitcoin holders, but neither of the
new forks are worth as much as bitcoin tokens
Most of the people who received a free gift of bitcoin cash are selling it and having
fun with the windfall profits!
If too many of them do this, it's going to be fatal to bitcoin cash
Everybody will sell!
It's just a matter of price, isn't it?
When you look at the bitcoin cash chart, it looks like an endangered species
For example, California's kangaroo rat!
The environmentalists in California think they can keep the kangaroo rat from going
extinct by making each builder pay $5,000 in costs associated with tests to look for
endangered species
Roger Ver, might be the one who thinks he can save bitcoin cash from extinction
I feel that whoever is doing this, that is, selling off bitcoin, driving the price down
and buying up bitcoin cash, driving the price up, is taking air out of a good tire and putting
it into the tire with the hole in it!
If you owned bitcoin before the fork that created bitcoin cash, maybe you have had thoughts
of selling off bitcoin cash and using the money to buy more bitcoins!
I honestly believe that there are those waiting for Roger Ver to drive the price up, so they
get more when they betray him
Watch them cash out at higher prices!
How much is bitcoin cash worth?
Is it $500 or $1,000?
Would YOU sell, if the price reached $5,000?
There is one thing you have to know and that relates to 'security'
There is that word, again!
Security!
Are you going to bet on the cryptocurrency that has no hope, which is like putting air
into a tire with a hole in it or are you going to cash out and spend Roger Ver's money?
As I said, I'm not sure it's Roger Ver, but he has 300,000 bitcoins and he said, publicly
that he is very bullish on bitcoin cash!
His ego would be deeply offended, if bitcoin cash failed!
Clearly, he wants bitcoin cash to succeed!
Would he purposely drive down the price of bitcoin, by selling them, and use the money
to buy bitcoin cash to prop it up?
How much of Roger Ver's money do you want?
When should you act, now or when the price has been driven back to $2,399?
Roger Ver took the high profile!
He does interviews and the videos are on YouTube
He said he's very bullish on bitcoin cash and I just put all the pieces of the puzzle
together to hypothesize that he is the one who is leading the charge to raise bitcoin
cash to where he thought it would be, without his intervention!
Can Roger Ver make it happen for bitcoin cash or is this the kangaroo rat of Southern California,
doomed to extinction?
Is there a buck for you to make in all this or should you just sit it out and see what
happens?
I don't have any advice for you, other than to study what's happening in bitcoin and other
cryptocurrencies, because this is the future of money, one way or another!
The bitcoin cat is out of the bag and a gigantic wealth transfer is taking place
If Roger Ver owns 300,000 bitcoins, that's nearly $8,000 so what's that worth?
$2.4 billion?
He owns another 300,000 tokens of bitcoin cash at about $1,100 as of November 18, 2017
and that's another $330 million!
Bitcoin doubled over the last 51 days, I calculated from the historical record of coinmarketcap.com
and if bitcoin doubles over the next 51 days, that puts Roger Ver at about $4.66 billion
What if it doubles again in 51 more days?
Why would he gamble it all on a loser?
What's wrong with the guy?
I wonder what the Winklevoss Twins are thinking about all this
I read that they own 1% of all the bitcoins out there, some 16.6 million now
Do they own 166,000 bitcoins?
If you want to know, you have some research to do, don't you?
That's it for this video
Oh wait!
I want to tell you about the gambling aspect of altcoins and the Ponzi Scheme model that
I see
Suppose you want to duplicate bitcoin and you come up with a blockchain and a new name
A blockchain and a new name!
That's all you need!
You have to have money to do this, so don't think that anyone can do this
You launch your altcoin and it's trading at 10 cents
People figure, 'What the heck!
I'll buy 10 of them!
Here's a dollar!'
A million buyers put up $1 or more!
The guy who launched the ICO is watching for any tokens that sell under 10 cents and he
buys them!
What does this do?
It sustains the price at 10 cents
Wait a week!
Now start buying everything that is offered at 10 cents or 11 cents and what does this
do?
It causes a price move, up!
The gain is 10% in a week without wild fluctuations!
This gets the attention of everyone who has a few hundred dollars and wants to double
it in a short time!
Banks are paying 0.3% annually!
If you could make 10% on your money, in a week, what would you do?
Would you move it out of the bank and into a new cryptocurrency?
What do you think others would do?
They would do what you would do!
You'd throw more into it and watch it rise, wouldn't you?
OK, so it goes up 20% in a month!
Now what do you do?
Like any other gambler, for every dollar you have in, you make it two!
You double down!
You're putting your mother's money in it and money you had under the mattress
You're selling your gold, your silver and a savings bond that an uncle gave you 20 years
ago and you're putting it all into the new altcoin
People hear about your success, the 'genius of the investment world' and others are moving
money out of the bank and into your new investment vehicle too
What is the guy who created the altcoin doing?
He's creating tokens which cost him nothing and he's selling them to suckers, LIKE YOU!
People look at the chart and they think this is the greatest thing since postage stamps
from Spain in the 1920s!
That was Charles Ponzi's scam and it worked so well that he had a large amount of money
coming in
He had to use large trash cans to put all the money in!
He was arrested and sent to prison!
You won't believe what happened, next!
While in prison, he received another $200,000!
Can you believe this?
Well that's what we have today with cryptocurrencies
People find it easy to buy cryptocurrencies and every time a new one comes out, they put
a little money into it and hope that one of them turns out like bitcoin!
Of course, virtually all of them are going to end up like Ponzi and his scheme!
Altcoins are created with billions of tokens
When there is any kind of crisis, what happens
Billions of tokens come back to be unloaded to new buyers
There aren't any and that cryptocurrency crashes
What is a cryptocurrency actually worth?
How does one put a price on it?
It's a great way to scam $200,000,000 from speculators, hoping to be part of the next
bitcoin!
It is also a new form of legal gambling, but not for long!
There will be a government crackdown on these cryptocurrencies and until then, those in
the deep state will try to skim billions from suckers and they will allow it to continue,
as long as it appears as a new tax revenue source for them!
Those who create the new altcoins can use all the money they made on the first round
to launch the next round and they can parlay a few million into a few dozen billion in
a single year!
Will suckers ever figure it out?
Is it gambling or is this is a new kind of game to play?
I think you have the idea now and so I will go
Thanks for watching
Thanks for lasting to the end
Thanks for pondering the ideas I presented!
See you next time!
For more infomation >> Reward Of Up To $1,000 Offered For Information On 2014 Fatal Fire - Duration: 0:37. 
For more infomation >> Reguarding Up Throw Rest - Why I wont be including uthrow rest in my videos - Duration: 1:45. 
For more infomation >> Beware! Using mouthwash daily can up diabetes risk !! || Must Watch - Duration: 2:25. 
For more infomation >> HUNGRY DOES MY MAKE UP / #isshehungry Drag Transformation / Candy Crash - Duration: 16:32. 
For more infomation >> CYBER MONDAY: Amazon workers gear up for a busy Cyber Monday - Duration: 2:41. 
For more infomation >> To Come Up With - Duration: 0:51. 
For more infomation >> Crime Rate Up In Martin County - Duration: 1:45. 
For more infomation >> (Sous-titre)Mario Odysée super Jump Up - Duration: 4:16. 
For more infomation >> South Shore Pop Up Festival - Duration: 0:22. 
Không có nhận xét nào:
Đăng nhận xét