Bitcoin Crashes 20% Amid Growing Fears Of Crypto Crackdown | Zero Hedge: Asian governments are finally cracking down on this obvious scam. Eventually, all will do this. This ‘money’ system eats up energy like crazy, at the same time all our governments are yelling at us about fake ‘global warming’. We are supposed to not use energy even to stay alive, it is ‘killing the planet’ while at the same time, this fake money scam eats up energy like crazy. Some people justify this claiming falsely that they use ‘only renewable’ energy doing this but that is a lie. They do use ‘cheap energy’ only because it is now very expensive to ‘create money’ out of thin air.
Tag Archives: fake money
Company in Europe Harvesting Human Body Heat to Mine Cryptocurrencies illustrates how insane people have become. Humans as money machines, sleeping while being used to drive useless computer activities…a living death for wealth is very connected to death. Meanwhile, Zuckerberg, a rich man with a poor future, told the Bilderberg gang today that he will censor Facebook to get rid of anyone who annoys the Real Rulers and this will bankrupt him for who on earth would want to use his ‘service’ now? Censorship is all that is left for our annoying, crude, irritable rulers.
The obvious scam of the bitcoin mania is finally forcing governments to intervene due to the dangers of an army of fools losing all the hoped-for loot in real money that the founders of this scam promised them. When I was a child, I was very angry with the boy with the magic beans story, he foolishly sold a cow for a handful of beans and then climbed a vine to the heavens to find lots of loot but he had to kill the giant by making it fall to its death. Well, as an adult, I see the wisdom of that story: the only way a person starting a scam can get rich is if they kill the authority system so they can keep the illicit, stolen goods.
Yesterday, one of the founders/holders of a very silly ‘cryptocoin’ con game suddenly sold all his holdings causing it to crash and then the big fraud, Bitcoin, took a nose dive, too. The fraud behind these fake money schemes was always obvious to me: you cannot spend it! If it isn’t held for speculation, it crashes. It is purely fad speculation of the worst sort and will eventually be worth nothing. The history of money shows that this will always happen and the only security against this is a sane government that spends money carefully (ahem, unlike the present systems).
Bitcoin Climate Dilemma: Mining Bitcoin Consumes an Entire Country Worth of Electricity | Watts Up With That? Yes, ‘bitcoin mining’ is energy expensive. And utterly useless. Its basic design is to consume more and more computer energy in order to ‘create’ this ultimate fake money. It takes real resources of the planet to made basically a number/code system! This is the earthly equivalent of a black hole infinity nexus. It is a destroyer of life. Money has always been a dark place. Original money came out of the earth, was dug up and then made very hot and then turned into ‘coins’. The Dark Arts surround ‘money’ in all its incarnations with this latest one being all about crimes and the recent sudden rise in ‘bitcoin’ value is fueled by the Chinese mainly who have a very short history with ‘money’ of less than 30 years.
After more than two years of internecine struggles over how to expand bitcoin’s ability to quickly process transactions,the long-feared bitcoin “day of reckoning” has arrived. The bitcoin network has split into two separate blockchains, causing the creation of a new cryptocurrency twin to the original bitcoin.
Zero Hedge has lots of news about the really fake fake currency, the Bitcoin business. Well, it has suddenly morphed yet again showing utter lack of stability, indeed, the treasure of this fake money came from its total lack of stability, it shoots up and crashes down making it a very fun toy to play with but it has zero intrinsic value, less than ‘collectibles’ and other desired objects. It is near nothingness which is interesting to me since humans conning themselves over absolute nothingness is the ultimate in collapsing civilizations. Reminds me of the ‘get into heaven’ money schemes cooked up by the Catholic Church during the Middle Ages.
While the main driver of this selloff is undoubtedly anxiety over the looming scaling deadline on August 1st, we note that, as CoinTelegraph reports, none other than the Albanian central bank has joined the chorus warning about the dangers to the public of virtual currencies…
HAHAHA…when the Bank of ALBANIA points out the obvious, then it is obvious. Virtual currencies are backed up by nothing. Absolutely nothing. They are basic ‘conspiracy/trade’ items. Believers believe in the value of these fake things and voila: they are worth something to believers.