Tuesday, June 12, 2018

No Crypto Company Can Operate Without Complying With N.S.A – CHAPTER[1.12]

No Crypto Company Can Operate Without Complying With N.S.A – CHAPTER[1.12]

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No Crypto Company Can Operate Without Complying With N.S.A – CHAPTER[1.12]

Posted: 12 Jun 2018 09:26 AM PDT

Without those leaked global surveillance disclosures of 2013 by a former CIA employee, N.S.A contractor and now a Russian resident, Edward Snowden, the world would have never known or believed, that the very corporate companies that they trust, are providing private information of its customers through back doors, willingly to CIA, FBI and N.S.A.

No cryptocurrency can operate without complying with NSA

Most importantly bitcoin community would have simply ignored what I had shared so far and what I am about to reveal in this chapter.

Who would have known that the email we send via Gmail or Yahoo or Hotmail are being read in real time through electronic eavesdropping by a NSA employee.

Who would have imagined that the video or audio calls we make on Skype, Facebook or Apple Facetime are being watched by a CIA spy, sitting in Washington D.C.

N.S.A exists even before the birth of internet, the first home PC or the first operating system(OS). For the past 65 years since its birth in 1952, N.S.A has been waging a war against encryption protection of everyday Internet communications.

N.S.A.'s success lies in weakening encryption standards either by:

  • making design changes to cryptographic software and then lobbying for international encryption standards it can crack,
  • or building secret relationships with technology companies in USA and abroad to build entry points (back doors) into their products.
With an annual budget of over $11 billion, N.S.A has deployed its own custom-built, superfast computers to break widely used Internet encryption technologies that the normal world considers unbreakable or impossible to decrypt.

N.S.A's code-breaking capabilities are the best in the world and unbeatable in terms of advanced technology. A short trailer was seen when NSA's Eternalblue exploit was used in WannaCry Ransomware attack, that infected 300,000 computers, across 150 countries within a span of just 4 days!

WannaCry Ransomware attack was a bitcoin publicity stunt by NSA

WannaCry was a perfect "Bitcoin Publicity Stunt" by N.S.A to bring mainstream media attention to Bitcoin with no fingerprints attached. . Bitcoin became an internationally discussed topic since then.

After WannaCry Ransomware attack(May 2017), Bitcoin price increased by 931% within 7 months! Contrary to its 8 years of almost no exceptional price movement.

More details (images, graphs and facts and figures) on how NSA was involved in WannaCry Ransomware attack, has been discussed comprehensively in Chapter#2. Stay tuned because Chapter#1 is just 40% of our research, lost of untold secrets will be shared in Chapter#2.

NSA has acquired the capability to crack almost all the private communications encryption tools used by webmasters and cryptocurrency sites such as HTTPS, TLS/SSL, SSH, VPNs, VoIP or encrypted chat.

New York Times mentioned N.S.A's capability to bypass private communications in following words:

But some experts say the N.S.A.'s campaign to bypass and weaken communications security may have serious unintended consequences. They say the agency is working at cross-purposes with its other major mission, apart from eavesdropping: ensuring the security of American communications.

Some of the agency's [N.S.A] most intensive efforts have focused on the encryption in universal use in the United States, including Secure Sockets Layer, or SSL; virtual private networks, or VPNs; and the protection used on fourth-generation, or 4G, smartphones. Many Americans, often without realizing it, rely on such protection every time they send an e-mail, buy something online, consult with colleagues via their company's computer network, or use a phone or a tablet on a 4G network.

— N.S.A. Able to Foil Basic Safeguards of Privacy on Web

NSA influence tech companies to insert backdoors into commercial products

According to an intelligence budget document leaked by Edward Snowden, N.S.A. spends more than $250 million a year to influence tech companies to insert back doors into encryption products.

The N.S.A.'s Sigint Enabling Project is a $250 million-a-year program that works with Internet companies to weaken privacy by inserting back doors into encryption products.

The agency works with companies [such as Google/Facebook/Microsoft] to insert back doors into the commercial products. These back doors allow the agency, and in theory only the agency, to gain access to scrambled information that it would not be able to view otherwise.

NSA's compaign against encryption

New York Times discussed an encryption standard that was engineered by NSA with a fatal weakness and which was recommended as a secure protocol by both NIST and ISO in 2006, but the newspaper does not mention explicitly the name of that standard.

Can you guess which encryption standard (which is very much related to Bitcoin) is NYT referring to?

Cryptographers have long suspected that the agency planted vulnerabilities in a standard adopted in 2006 by the National Institute of Standards and Technology (NIST) and later by the International Organization for Standardization (ISO), which has 163 countries as members.

Classified N.S.A. memos appear to confirm that the fatal weakness, discovered by two Microsoft cryptographers in 2007, was engineered by the agency. The N.S.A. wrote the standard and aggressively pushed it on the international group, privately calling the effort "a challenge in finesse."

"Eventually, N.S.A. became the sole editor," the memo says.

The standard in question was the Dual Elliptic Curve Deterministic Random Bit Generator(Dual_EC_DRBG), standardized in NIST SP 800-90A.

Experts and researchers had widely protested this algorithm, which according to experts included a potential back door that only NSA knows.

Despite criticism, NSA succeeded in bribing RSA security with over $10 million to include the algorithm and surprisingly for seven years it was used as cryptographically secure algorithm in commercial products.

Bitcoin software helps its users to create 256-bit long private keys using the Operating System's default pseudorandom number generator (PRNG) which works a lot similar to Dual_EC_DRBG to create a random number.

Bitcoin community claims its the most secured PRNG and its impossible to guess a private key. They often give examples such that guessing a private key (2256 = 1.158 * 1077 ) is like picking an atom from universe. The probability of which is 1/1077

Such examples are fairly impressive practically but theoretically, the existence of a potential back door (master key to predict the stream of "random" bits) can never be ignored because N.S.A is far more unpredictable than one can imagine.

NSA has hired the best mathematicians and programmers across the world. Free encryption algorithms they propose for commercial use are so smartly created that it is almost impossible for general public or independent cryptographers to find a vulnerability in it using a home PC or laptop or an ASIC. NSA's success is its custom-built super computers that are not accessible to general public.

A collision attack to the hashing algorithm SHA-1 (created by NSA) was found 20 years later by Google, surprisingly bitcoin uses SHA-256 (also created by NSA) all over its infrastructure from creating bitcoin addresses to hashing blocks during mining.

Can anyone guarantee there exists no back door to SHA256? It took a giant company like Google to find a vulnerability in SHA-1 after 20 years, how can any bitcoin user in his full senses make bold statements that there exists no backdoors to bitcoin protocol features which uses SHA256?

What would you call it: Stupidity or Ignorance? I leave it to you.

NSA Is Known For Bullying Tech Companies

Classified documents provided by Edward Snowden made it quite clear how tech companies operating within United States or abroad are being bullied and forced by N.S.A for their voluntary collaboration, either through judicial court orders or by altering their software or hardware.

Companies that don't surrender to NSA's non-stop bullying, have to shut down their services.

One such example is an e-mail encryption company called Lavabit, that closed rather complying with the agency's illegal demands for access to customer information. Another example include the e-mail service company called Silent Circle which preferred closing its service than facing such demands by NSA..

According to New York Times:

Ladar Levison, the founder of Lavabit, wrote a public letter to his disappointed customers, offering an ominous warning. "Without Congressional action or a strong judicial precedent," he wrote, "I would strongly recommend against anyone trusting their private data to a company with physical ties to the United States [referring N.S.A]."

NYT

NSA combined with IMF is far more unpredictable than one can imagine and no socio-political thing can happen on a large scale on this planet without taking them into confidence.

N.S.A, Bitcoin and the Cashless Society

It is nonsense to believe that the large scale media coverage worldwide given to Bitcoin and billion dollar investment being done to promote bitcoin network, is a result of voluntarily participation by some libertarians, internet activists or "freedom fighters".

Isn't it weird that an agency that can crack through VPNs, TSL/SSL, HTTPS, SSH, Encrypted Chat and Encrypted VoIP, is so silent at disclosing the creator behind bitcoin who remains online 24/7, uses social media actively, posts on forums and emails colleagues on daily basis.

Satoshi Nakamoto (Szabo Nick) uses the same tools (Google, Microsoft, Facebook, Twitter, Apple, Reddit, Github, Web hosting companies etc.) on daily basis that provides easy access/back door to NSA through Sigint Enabling Project and Bullrun Program, but the most advanced spying agency of the world acts as if it is completely ignorant of who created bitcoin. Interesting isn't it?

In a nutshell it is impossible for crypto companies to operate with so much freedom online, in presence of the Five Eyes: N.S.A. and its counterparts in Britain, Canada, Australia and New Zealand.

The speed and momentum at which crypto community is organizing seminars, workshops and running cryptocurrency promotional campaigns online and offline across the globe is impossible to occur without complying with this unforgiving spy agency i.e. National Security Agency.

The utter silence of N.S.A towards the massive development going on around Bitcoin and Ethereum, is a clear indication of who controls the strings.

Bitcoin is the Same Old Tea In a New Cup

Cryptocurrency is indeed an extension of centuries' old financial practices. It is just an innovative representation of the entire world banking system, in which real assets are converted into bogus digital assets. Its the same old tea in new cups!

The ruling elite mercilessly bombed two nations when they posed the slightest threat to their bogus monetary system, killing up to 600,000 people. i.e. Iraq for trading oil for Euros and Libya for trading oil for gold.

How can anyone in his full senses believe, you could build an electronic monetary system under the nose of N.S.A without it being able to react? Anyone who believe in such fairy tales, surely lives in Disney World.

Bitcoin is created and controlled by N.S.A

Through bitcoin, the elites are studying human reaction. For the success of bitcoin it is important that the elites may condemn it softly on mainstream media to let people believe on this bogus currency even more and blindly trust it as act of opposition to the Elites.

Once they have convinced at least 50% of the people, they can come out of the curtains to show their real faces through strict regulation policies and complete take over of exchanges. Bitcoin holders and the puppet bitcoin foundation will be able to do nothing but surrender to the new laws put forward by them.

This is how they will unveil the second biggest monetary scam in the history of mankind. Forcing the entire world towards an electronically controlled monetary system. This new cryptocurrency by NSA will be the final version and it will completely wipe out Bitcoin and all other cryptocurrencies when it's launched.

All it would take for the elite to have the masses begging for a solution is a global collapse (probably the dollar collapse) that may last a few months to a year. When people are in chaos and panic they'll beg for whatever solution the ruling elite are willing to offer.

N.S.A and The Banking Elite Won't Impose Anything By Force

Be it a cashless monetary system via cryptocurrencies or Universal Digital Identification using blockchain technology and biometrics(Iris scanning and RFID), none of these goals will be implemented by force because the trick is to convince people that such technologies is in their own self-interest and may even deliver personal benefits. The people will be brainwashed enough to demand it themselves.

The recent incident where the European Parliament approved the General Data Protection Regulation (GDPR) in April 2016, is the first move towards programming people to demand the right to be forgotten and full ownership of their user data. That is one practical feature of an editable blockchain technology only.

GDPR is proudly mentioned by ID2020 on their website and they also mention that the demand for digital identity is naturally coming from the public side (thanks to their convergence tactic):

Global Calls for a New Model of Identity:

  • Consumers are demanding both a more seamless digital experience and increased privacy.
  • In April 2016, the European Parliament approved the General Data Protection Regulation (GDPR), which is designed to improve the security and privacy of personal data in the EU and which requires that the control of personal data rests with the individual.

ID2020

Conclusion

The greatest magic trick ever pulled on mankind was the theft of the world's money.

100 years ago everyone around the world had gold or silver in their wallets. Today, nobody does. It all disappeared and ended up but where and in whose wallet?

Today we are just passing around worthless paper receipts from one hand to another(which we call currency) which used to represent the money that everybody no longer owns.

The reason it is the greatest magic trick is that most people today don't even know that their true wealth was stolen right in front of their eyes.

The magic trick used a simple tactic of deception which was:

"Let me trade with you this awesome piece of paper for your crappy gold coin."

With bitcoin, the trick has not changed the slightest but the toy did:

"Let me trade with you this awesome digital gold coin for your crappy gold coin."

--------***---------

Congratulations on completing Chapter#1!

Your journey is 40% complete. Please proceed to read Chapter#2 where you will discover shocking secrets and technical reasons backed by logics and rationality to prove Bitcoin as the greatest scam and fraud in the history of mankind after paper currency.

Chapter#2 is 60% of this comprehensive research and the soul of what we have discussed so far.

Read it to believe it, as we continue unfolding the darkest secrets of mankind's lust for power.

45+ Reasons To Prove "Bitcoin is Scam and Fraud"

Note: Productive discourse does only make sense, once full picture is shown. You can surely post your queries or feedback below but I encourage you to comment only after you have read Chapter#2.

Bitcoin, RFID, Blockchain and the Cashless Society Agenda – CHAPTER[1.11]

Posted: 12 Jun 2018 09:26 AM PDT

If your were to ask: What can NSA and the banking Elite achieve with Bitcoin?

Simple Answer Global Control

More than 2.5 billion adults do not have a bank account or use formal financial services. To bank the un-bank is one of the primary goals of cryptocurrencies.

Electronic currency such as Bitcoin, will snatch away the right of even seeing or touching your true wealth. Thus moving the mankind towards a complete cashless society (They have already achieved it in Sweden) for global domination and far greater control through microchips embedded in your mobile phones followed by biocompatible microchip implants such as NFC RFID chip under your skin.

The biggest constraint in the path of NSA to track human activity is wireless money or cash. With a cashless society run by cryptocurrencies, NSA will literally get the "eye of the god" that it has always sought to achieve.

With cashless society run by cryptocurrencies, NSA will get the "Eye of the god"

CASHLESS = NSA Can Trace Your Source

CASH = NSA Can't Trace Your Source

GOLD = FED Can't Corrupt It + NSA Can't Trace It

(Any monetary system backed by Gold)

Today all fiat currencies are in a race to zero – competing with one another on who can print more money faster. Since the elite and their think-tanks have already realized that they can no more fool the world with Quantitative easing, they have already laid down the framework for a new monetary system that is modern, electronic and based on cryptography. A System that will discredit the real money i.e. Gold with a bogus electronic imposter such as Bitcoin.

By providing a 'modern' currency as a tool, NSA can collect sensitive information from around the globe and just like for Facebook/Google, users will voluntarily provide this information themselves. Thus helping spy agencies to bypass local government cyber laws without detection.

It's the exact same strategy like putting the listening device in the electronic chips at the manufacturing level, thus saving NSA the trouble of wiretapping or electronic eavesdropping that can fail or be blocked. It's impossible to stop a smartphone from listening to you today, unless you physically rewire the device.

Bitcoin is the same strategy on a financial level. By using Bitcoin you're giving up your private financial information voluntarily. All your bitcoin transactions are on the blockchain's public ledger that can easily be traced. Bitcoin exchanges & wallet services are already under the surveillance of this American intelligence agency.

What? Aren't Bitcoin transactions anonymous and untraceable? Yes that's exactly true but solely for you not THEM, thanks to several backdoors that are always unknown to the end user. NSA's Dual_EC_DRBG and collision attacks in earlier SHA-1 algorithm are the biggest examples.

Those people who don't get this point resembles a kid who hides his toys in the garage and assumes that his dad will never find them.

The Biggest Problem With Blockchain Technology

Note that Bitcoin is not a blockchain. Bitcoin is an electronic currency protocol (software) that uses blockchain technology to store all its transaction records in this distributed immutable ledger.

Blockchain in layman terms is an electronic ledger or database that records every Bitcoin transaction. Blockchain is where your bitcoin balance is stored.
There is no doubt that blockchain technology is a new innovation that has unimaginable use-cases in future. But the blockchain technology has one serious security problem caused due to limited memory power of humans to remember long random numbers.

A human brain can hardly remember 10 characters long random password then how can it possibly remember 64 characters long random alpha-numeric number such as this SHA256 hash value for our hashtag: #BitcoinIsScam

87253b318850e6e4095ef97e36ff3ff3690251ebf92141982f61fb6168e1cb17

Since a blockchain is secured by cryptographic algorithms, the passwords or private keys used to access Bitcoin balance stored in the blockchain are 256-bit in size or in other words 64 characters long hexadecimal passwords.

Memorizing these random alpha-numeric strings is extremely difficult and that is why bitcoin users use wallets to store their private key and public key. Saving these lengthy passwords in a wallet is the biggest security problem faced by every blockchain user.

The private key is the soul of any Bitcoin funds similar to your ATM pin code or card validation code (cvc). If you forget or loose the private key, all your bitcoin fortune is lost forever!

Wallet is where Bitcoin private key (32 bytes) and public key (33-65 bytes) is stored. You use this ECDSA key pair to access your bitcoin balance on the public blockchain. The public key is used to receive bitcoin funds while the private key is used to sign (prove ownership) transactions in order to spend those bitcoin funds

A wallet can be a software (e.g: Coinbase, Electrum, Bitpay), hardware (e.g: Trezor or Ledger Nano S) or even a paper (also called cold storage). For more technical details on this topic refer Chapter#2.

Unfortunately none of these wallet options is secure.

Software wallets are easily hacked, hardware wallets get crashed or misplaced and paper wallets can easily be lost, misplaced or even stolen via a mobile camera!

To see how bitcoin users have lost as high as $1 Billion dollars due to exchange hacks, please see the full list of cryptocurrency hacks on Chapter#2.

So What Is The Ultimate Solution To Safely Store Bitcoin Keys?

This reminds me of the same tactic of deception used by the elites i.e:

Problem (long strings)Reaction (difficult to memorize or store)Solution (RFID)

We will come back to how Bitcoin key pair is stored inside a RFID chip and how Bitcoin influencers are encouraging users to implant RFID wallet under their skin but first lets discuss what exactly is RFID chip and why it is the biggest threat to an individual's most precious asset i.e: Privacy.

What is RFID Tag and how many Private Keys can it store?

RFID stands for Radio-frequency identification. This system uses electronic tags, or labels attached to the objects. These tags help to automatically identify and track objects using electromagnetic fields. In layman terms, RFID tags are the automatic version of manual barcodes that you see on food items.

RFID tag is in short a small, programmable barcode historically used to track pets or products. Unlike a barcode, RFID tag does not need to be within the direct line of sight of the tag reader, so it is either embedded or implanted in the tracked object.

A RFID chip aka NFC (near-field communication) chip can be re-written a 100,000 times and costs less than a dollar. These tags may either be read-only or read-write. They can be made as small as you want, make it ant-size or dust-size (0.05 mm × 0.05 mm).

Passive RFID tags requires no battery, instead, it receives power and data from a nearby RFID reader's interrogating radio waves. Active RFID tags uses a battery and can operate at a distance of hundreds of meters from the reader.

RFID tags contain three major parts:

  1. An integrated circuit (IC) that stores and processes information,
  2. A power source either using a battery or from emitted signals of the reader,
  3. An antenna for receiving and transmitting the signal.

RFID tags are used for tracking and identifying any imaginable thing, from clothes to medicine, electronics, food, supply-chain, motor vehicles, books, door locks, and airplanes, tracking humans, animals or goods.

  • First RFID experiment on objects: RFID was first used by the Royal Air Force in WWII during 1939-1945 to differentiate between friendly and enemy aircraft.
  • First RFID experiment on humans:: The first human publically reported to get an RFID chip implanted in his arm was a British professor of cybernetics Kevin Warwick, in 1998.
Note that 1998 is the exact same year when Nick Szabo (Nakamoto Satoshi) had a P2P digital currency design ready for a cashless society under the name "Bitgold" (aka digital gold), that was later re-branded by Nick Szabo as "Bitcoin" in 2008 using the pseudonym "Satoshi Nakamoto".

Surprisingly 1998 is also the same date when Wei Dai proposed his B-money concept which inspired Nick Szabo so much that he started working on Bitgold that later became Bitcoin. Wei Dai's b-money is mentioned in the Bitcoin whitepaper. Refer Chapter#1.7 for all details.

It could be just a mere coincidence or synchronized efforts of one organized group working for the cashless agenda since the birth of internet and integrated circuits.

RFID chips are implanted easily inside a human body using a surgical process. The chip is injected between the thumb and index finger of a human.

The RFID tag is considered to be "safely" shielded inside a tiny glass capsule (2x12mm in size), slightly bigger than a grain of rice.

RFID microchip implants in humans is advertised to be biocompatible without causing any harm to human health although there are several cases of microchip–induced tumors (cancer) in animals caused by RFID implants.....

RFID chip compared to a grain of rice

RFID chip compared to a grain of rice

RFID chip implants by Bitcoin users is done frequently these days for two reasons:

  1. Use RFID chip as a cold storage for Bitcoin private keys
  2. Or use it as a hot wallet for making bitcoin transactions
Bitcoin RFID chip can store up to 888 bytes of data at present that equals 888 keyboard characters. Since a Bitcoin private key is 32 bytes in size, a Bitcoin RFID wallet can thus store up to 27 private keys in total.

The chip can store data for a decade, thus a rewrite will be required every 10 years to avoid data loss.

RFID Surgical Implants Increased Rapidly after Bitcoin

RFID human implants and Bitcoin development has a lot to share in common. The first RFID tag was implanted under a human skin in 1988 when bitcoin was under development and b-money concept was already public.

Just one year before Nick Szabo's "Bitgold" announcement, the Food and Drug Administration in the United States approved the surgical implant of RFID chips in humans in 2004. Please note that the work on bitgold started in 1998, way before the announcement by Nick in 2005.

The secret power (can name it in my book only for censorship reasons) behind promotion of RFID chips is so strong that they even advertise its use on main-stream media in front of kids, teenagers and the adults. Watch Dr Oz promoting RFID live on American Television by calling it:

"Meet the RFID microchip – a new technological breakthrough that's changing the way information and identification is stored and shared."

Click here to watch the video

Dr Oz promoting RFID live on American Television

In 2009 when bitcoin software was released for the first time, the same year a British scientist called Mark Gasson surgically implanted a RFID glass capsule into his left hand.

British scientist Dr. Mark Gasson getting a surgical implant in his left hand with an RFID microchip (March 16, 2009)

British scientist Dr. Mark Gasson getting a surgical implant in his left hand with an RFID microchip (March 16, 2009)

He did this to demonstrate how an RFID tag can be infected using a computer virus. In other words it was a public awareness stunt to make RFID implants more secure to any hacking attempts.

Any guesses for this man in long moustache standing next to Gavin Andresen in the photo below?

Martijn Wismeijer standing next to Gavin Andresen

Note that Gavin Andresen is the lead developer of Bitcoin software appointed by Satoshi Nakamoto (Nick Szabo) and also the founder of Bitcoin Foundation. Refer Chapter#1.9 to see all important members of the secret Bitcoin team.

This guy in long brown moustache is a rich Dutch entrepreneur called Martijn Wismeijer, also known as 'Mr Bitcoin'. He hit news headlines in 2014 after he injected two RFID chips into the back of his hands during a biohacking event to store his bitcoin private keys.

He used one hand as a cold storage for his bitcoin keys while the second hand as a hot wallet for purchases. The chip can store 888 bytes of data.

This action by Martijn Wismeijer was promoted so much in crypto news sites (of course by the elites) as if it was the best thing every Bitcoin user must do in order to protect their bitcoin wealth and make bitcoin a part of their bodies.

Following is an extract of his interview to press:

"[There's] no charging required, no toxic batteries inside. The chip can be written to about 100,000 times before it needs replacement so in theory it should last a lifetime,"

"As long as you can export your private key, you can write that into your hands,"

"I have real-world uses for it today, my phones and tablets are all compatible (Android only, sorry iOS users) and have been for the past two years,"

"I personally feel that by supporting these biohacking developments we can learn what works and what doesn't."

Martijn Wismeijer interview to CoinDesk

Wismeijer also confessed that he is not alone with such a weird implant but that there are around 3,000 people with a RFID implant in their hands and the number keeps growing.

Upon diving deep into who is actually sponsoring or creating these NFC compliant RFID chips, I stumbled upon Dangerous Things which is a company located in Seattle USA and which sells a complete pre-loaded injection kit for DIY RFID implants called xNT NFC Tag for just $99.

Dangerous Things is the same company that implanted RFID chips in many bitcoin users including Martijn Wismeijer.

Following is the logo and slogan of the company which speaks for itself. Rockefeller's favorite symbols i.e. the circle and the triangle. I have also quoted Nicholas Rockefeller famous leaked secret to Aaron Russo when he told Aaron in 2000 on what have Rockefeller dynasty planned up for future:

"All money will be in RFID Chips and there will be No Cash"

Bitcoin RFID Chip implants - hot Wallets

Following are some more (mind programming) videos by bitcoin influencers with RFID chip implants.

World first bio-payment with BTC (2015)

Chip Implants - The New Credit Cards (2016)

NFC Chip Implant Bitcoin Payments in Paralelni Polis [Again a triangle..] (2016)

Convergence of all such technologies is surprising as you will discover ahead.

Future Plans for RFID chips and Blockchain Technology

Throughout my research on Bitcoin I saw astonishing number of synchronized events that can't happen naturally without the backup support of a global, extremely skilled and resourceful organization. The organization has immense influence over intelligence agencies, banking elites and all major world governments working under its umbrella.

This secret organization looks so motivated and dedicated towards its ultimate goal, that it leaves no finger prints behind while achieving a goal just like they did during the great American depression of 1930s, during WW2, 2008 Arab spring, 9/11, war on Afghanistan and Iraq and the unrest in Middle east.

This organization is extremely advanced when it comes to science and technology. The gadgets and tools they use today, the world sees it 20 years later.

Note: You can request a copy of my book once I announce it for uncensored details. There is a limit to what I can share or express online.

The two biggest victim cards that this organization often use to mind program masses are:

  1. Fighting terrorism
  2. Fighting diseases

When they wish to bomb an entire nation, they will simply play the terrorism card and turn that nation to ashes. Global domination tactic.

When they wish to infect an entire future generation with mind programming viruses (mankind has never heard or seen before), they will play the health card to vaccinate every child through force and power. Parents who oppose it, faces consequences at the hands of law enforcing agencies. Global enslavement tactic.

Poor or developing countries where these vaccines are given, don't have a single laboratory, advanced enough to find the actual chemical composition for themselves. They just follow as guided.

Feed a lion like a mice, it will act like a mice.

Human mind is an advanced version of a microcontroller. You can feed any information into it that you want. In computers its done through a code, in humans its done through food and media.

Some people may strike me for sounding more like those conspiracy theorists but as a computer system engineer and as a father to a 2 years old baby girl, I was as astonished as you are when I saw government officials forcing me and my relatives on gun point to allow polio vaccination to our kids in Karachi, Pakistan.

Our mistake was just one: As parents, we just inquired about the exact chemical composition of the vaccine but the armed officials had nothing to present expect force.

When I was a teenager, I was so distracted by music, movies, fashion and celebrity lifestyle all around me that I never bothered investigating anything but as I grow mature and became a father, I started connecting the dots to see the full picture.

Believe it or not, right now while I am writing this section of my research on BitcoinIsScam, I am sitting in general ward of Medicare Hospital Karachi, next to my mother's bed. My mother is a CLD and diabetic patient and she is suffering through a lot of mental and physical pain.

To confirm my doubts and further bring proof to these observations, just 5 minutes ago, I asked a group of 5 doctors and nurses about the chemical composition of polio vaccine but I found them dumb found. When I asked if there exits any laboratory in the city or entire country that could figure out the chemical ingredients of this vaccine, the answer to this question was again in negative.

Then I asked where exactly are these vaccines created, they all answered: United States of America.

I leave the rest to you.

How are these two Cards related to Blockchain and RFID?

The elites want to identify and track every living human being via blockchain technology before 2020 and via RFID chips before 2030 respectively.

ID2020 and the Editable Blockchain

ID2020 was launched in 2014 as a so-called nonprofit organization that claims to improve lives by giving every individual a digital identity. As expected It is funded by the same elite dynasty of The Rockefeller Foundation (yes you heard it right), and technology provided by Accenture.

On its website, ID2020 first offers its usual cheese cake by playing the health card and criminal card and the Rockefeller's favorite card i.e. Woman card. According to ID2020 a digital identity is important because:


NECESSARY TO ACCESS BASIC SERVICES
Individuals are required to show identification to access healthcare and education, vote, and access other social assistance programs.


CRITICAL FOR ACCOUNTABILITY AND GOVERNANCE
Governments without an accurate system of identification struggle to provide well-coordinated social services, .... And without clear registries, the risk of leakages and corruption are high.


IMPORTANT FOR GENDER EQUALITY
Women with an official identity are empowered to play a greater role in household decisions and maintain financial independence. Furthermore, identification can be an important defense against child marriage, exploitation and trafficking.

ID2020

I wish what they mentioned in their website was their actual goal and ambition behind digital IDs because this world is not as idealistic as it is shown. If ID2020 and other organizations talking about peace and human development such as UNO, World bank and IMF were so sincere than there would have been no wars where innocent women are raped, no 20 million refugees looking for shelter, no hunger in Africa and no fireworks in daylight in Syria.

After giving the cheese-cake, ID2020 came straight to the point on how it will achieve its goal. I have bracketed and highlighted some details to give you an idea of what they actually mean:

A unique convergence [referring pre-planned synchronized efforts that I discussed earlier] of trends provides an unprecedented opportunity to make a coordinated, concerted push towards the goal of universal digital identity.

Growing Political Willpower: In September 2015, all United Nations member states adopted the 2030 Sustainable Development Goals: 17 interrelated goals and 169 associated targets to promote social, economic and environmentally sustainable development. In Target 16.9 all countries made a global commitment to "provide legal[digital] identity for all, including birth registration" by 2030. This global commitment sets an ambitious timeline and there is an urgent need to harmonize existing approaches, bring in diverse voices, and accelerate action.

Emerging Technologies: New technologies, including blockchain[editable blockchain], when used in conjunction with long-proven technologies, such as biometrics [RFID chips], now make it possible for all people to have access to a safe, verifiable [using Private keys], and persistent form of technology.

ID2020

Note that by biometrics, ID2020 refers to RFID chip implants only, not Iris scanning or fingerprints because they are too slow, expensive and offers no automatic tracking or identification.

The blockchain technology used by Accenture for serving ID2020 agenda will be an editable one contrary to immutable blockchain where a record once uploaded can not be changed or deleted by anyone thus guaranteeing 100% transparency.

Accenture has published its report too with title "Editing the Uneditable Blockchain".

Editable blockchain in layman terms means, the control-switch of your digital identity will remain in Uncle Sam's hands with no transparency. You will act as he wants else you will be switched-off (pulled off the blockchain a.k.a off-chain) of the cashless system and socially boycotted from access to food, health or education.

David Treat, who is Accenture's global head of blockchain says blockchain will be made editable using a "surgical fix", referring to Bitcoin creator Nick Szabo's smart contracts which can be used to program the blockchain features as you want. He says immutable blockchain is not practical because:

"If I put some enormously sensitive piece of my medical information by mistake into your health wallet, there's no reversing transaction, no regulatory, cultural or social construct that would say that's OK and it can stay there, which it would in a traditional on-chain structure."

"[The data] would have to be removed or shut the system down. We've designed it with the ability to do that, but it has a very narrow use case."

David Treat

I hope you get the entire point of who offers a lollipop and who snatches it back.

Decentralized cryptocurrencies and immutable blockchain was a cheese-cake while centralized (state controlled) cryptocurrencies and editable blockchain is the ultimate objective of these elites.

It always comes down to the same tactic of deception: problem > reaction > solution.

To give you an idea of how public is brainwashed by showing only the positive side of so-called trusted digital identity with blockchain and biometric, watch the video below by Accenture and observe something that only people reading this research will get it:

Did you observe something weird in this video? There are two things worth mentioning:

  1. The biggest sponsor of this entire ID2020 agenda is not mentioned in this mind programming video. i.e. The Rockefeller foundation. Weird isn't it?
    Probably they knew the backlash that could come from activists on Youtube and people who know this centuries old richest dynasty and their evil agendas towards humanity.
  2. Another weird thing was the slow waving of the hand against the sun rays when the narrator says: "What if your identity was always in your hands, an identity you can trust"
    From what I understood from this symbolic clip, the sun rays were depiction of radio waves emitted from RFID reader and the waving of the hand was depiction of the hand waving required for correctly reading an RFID chip, implanted under the skin.

At present the UN is experimenting with Iris scanning to gradually prepare refugees and society towards digital identity and cashless transactions but in future they will ultimately move towards RFID chip implants because people with no hands have no fingerprints and those with no eyes (the blind) can't get an identity with iris scanning.

Watch the video below to see it for yourself how the World Food Program is using iris-scanning combined with blockchain technology to allow Syrian refugees in Jordan to purchase food without coupons, cards or cash. The biggest experiment of the cashless society agenda on over 100,000 Syrian refugees.

No doubt helping humanity is a great thing but Imagine those Syrian refugees who fail to comply with UN policies, how easy would it be to identify them and get them off-chain?

Chipping people is impossible unless the society is first gradually convinced to a cashless medium of exchange to pay for food, health and education as you have seen in the case of Syrian refugees.

The execution of digital identities via Iris scanning and ultimately with RFID chips will come next as people will be ready to accept it by will.

Bitcoin and its army of 1800 cryptocurrencies is doing their job quiet well in gradually motivating people to become habitual to cashless transactions using digital identification.

What is Wrong About Digital Identity, Doesn't It Sound Cool?

With digital identities on an editable blockchain and RFID chip implants (or even Iris scanning), you will literally be no different than a chained slave with a swinging sword on your head. You will either comply to the rules set by the cashless system or starve to death.

With an RFID chip under your skin your privacy is over and you are no more a free human being.

With further improvement in RFID system such as long-distance detection of the chips by tag readers, greater memory sizes and power source, you can easily be located physically by coordinates, speed, and direction of movement, just imagine the misuse of such power by a government to enslave its civilians or torture its opponents.

In the book SpyChips: How Major Corporations and Government Plan to Track Your Every Move, the author emphasizes on the fact that how FRID tags embedded inside consumer products only can invade your privacy:

"imagine a world of no privacy. Where your every purchase is monitored and recorded in a database and your every belonging is numbered. Where someone many states away or perhaps in another country [referring NSA]has a record[blockchain] of everything you have ever bought. What's more, they [RFID tags] can be tracked and monitored remotely".

The convergence of cryptocurrencies, blockchain technology, and RFID chips will inexorably lead to the end of the cash and privacy.

Digital Identities on blockchain and RFID chip implants - cashless society

Massive unfair taxes, inflation, negative interest rates, unjust rules, immoral public freedom, anti-religion laws, different laws for poor & rich and fiat monetary system worse than paper currencies will be imposed by force, with an individual having no right to even object or participate in public protests.

You will do as guided else you will be kicked out of the system (i.e. off-chained or socially boycotted).

Assigning digital identity to humans is the complete transfer of an individual's God gifted freedom, liberty and privacy to the tyranny of the elite, the final suppression of all means of escape.

Banks Don't Hate Bitcoin Because They Funded It – CHAPTER[1.10]

Posted: 12 Jun 2018 09:25 AM PDT

Banks don't hate bitcoin because they funded Bitcoin development

We all know that power in this world reside in the hands of the wealthiest of the society and by that I mean the banking elite who are the biggest tricksters on earth.

Bitcoin is marketed using the deceptive tactic that bitcoin means death to centralized banking system or death to the Rothschild and Rockefeller family. Really?

Imagine that you (Banks) know that your enemy (Bitcoin) is coming towards your home (FED) with a burning torch in his hand to set it on fire, yet you are welcoming (Silently marketing bitcoin) him with open arms. Either you are insane or you already know that, the one holding the torch is in fact on your payroll to just fool the world.

When a monster is bitten on its legs and it does not even reacts, know that the monster was bitten as per its will.

Imagine a currency which is a threat to Bankers is openly promoted on corporate TV channels like Bloomberg by the very same bankers who own it?

Throughout history the banking elite succeeded because they changed the very definition of money and convinced the laymen in believing that economic activity depends "more on psychology than physical attributes".

This bogus ideology is the biggest tool the elites have used to brainwash the society and have helped them to lay the foundation to a corrupt monetary system.

The elites are using the exact same logic this time to legalize the use of fiat cryptocurrencies this time. Precious metals were replaced by fiat tangible paper currency and this time it will be replaced by fiat intangible electronic currency.

Both of which have zero intrinsic value, are inflationary in nature and are easily corrupted because they are backed by nothing but lies.

Want to know how they brainwash public to gradually shift the monetary system to a cashless society? Keep reading!

Former director of the US Federal Deposit Insurance Corporation (FDIC) Sheila Bair who according to Forbes ranking is the world's second most powerful woman after German chancellor Angela Merkelhas, has now been given the task of mind programming the public towards cryptocurrencies.

Sheila Bair is now a member of blockchain startup Paxos' board of directors.

FDIC Sheila Bair in support of Bitcoin

She openly supported Bitcoin and emphasized that it should not be banned and instead it should be legalized after regulating it. She used the same bogus logics of deception to declare bitcoin as a currency despite clearly knowing its fiat nature.

In an interview with Barrons, Sheila Bair said:

"I don't think we should ban it [Bitcoin] – the green bills in your pocket don't have an intrinsic value, either. The value is based on what others think is its value. That's true of any currency."

"Let the market figure out what it's worth. That is what it is doing now."

Her last line should have been "That's true of any fiat [bogus] currency" but no she didn't because this is not what she is hired for. She just gave a green signal to yet another fiat currency and welcomed it to further poison the monetary system.

You will be surprised that Bank of England is already working on a cryptocurrency called "RScoin".

RSCoin - Royal Scots Coin

Bank of England is the second most oldest bank of the world established in 1694 and is the model on which most modern central banks have been based.

Bank of England is largely responsible for reshaping financial policies globally. They are in short the founders of the corrupt fiat monetary system that we are living in.

On 21st February, 2016, the Bank of England announced that it had partnered with researchers at University College London to create RSCoin, a cryptocurrency designed for central bankers.

RScoin is coded and created by two students from University College London called George Danezis and Sarah Meiklejohn.

The students have even released a whitepaper entitled as "Centrally Banked Cryptocurrencies" where they offered a protocol based on the same blockchain technology offered by Nick Szabo (Satoshi) but which is far superior to that of Bitcoin solving problems of scalability and computational cost.

The abstracts reads like this:

"..We introduce RSCoin, a cryptocurrency framework in which central banks maintain complete control over the monetary supply, but rely on a distributed set of authorities, or mintettes, to prevent double-spending. While monetary policy is centralized, RSCoin still provides strong transparency and auditability guarantees.

We demonstrate, both theoretically and experimentally, the benefits of a modest degree of centralization, such as the elimination of wasteful hashing and a scalable system for avoiding doublespending attacks."

Bitcoin users, Congratulations for acting as good test dummies!
If it were not you guys, the elites (Bitcoin creators) would have never realized the flaws with Bitcoin and would not be able to fix it in coming optimized versions. Continue singing anthems of freedom while they continue studying your reactions.

What does the letter "R" and "S" stands for in RScoin?

No where in the whitepaper have the developers explained why did they gave this coin this name. Based on my wild guesses the letters "R" and "S" in RSCoin could stand for Royal Scots Coin or Royal Scottish Coin.

According to wikipedia:

The Royal Scots (The Royal Regiment), once known as the Royal Regiment of Foot, was the oldest and most senior infantry regiment of the line of the British Army, having been raised in 1633 during the reign of Charles I of Scotland.

The legendary Unicorn of Scotland is often seen onto a range of collectable coins such as the Royal Mint. The mythical Unicorn of Scotland can be seen all round Britain in places from pub signs to passports and city badges to sport.

I am sure the RSCoin stands for Royal Scots Coin or Royal Scottish Coin, a symbol of power, wealth and global control for the British ruling elite.

FEDcoin - Cryptocurrency by Federal Reserve Bank

The story does not end with RSCoin, the second biggest cryptocurrency which is under development and will soon be released is the U.S. Government's Fedcoin.

Fedcoin is a cryptocurrency funded by the U.S. government and managed by the Federal Reserve Bank, where the complete history of all transactions will be visible only to the Fed authorities via the centralized blockchain.

Its a centralized digital currency powered by a private blockchain, owned and controlled by the Federal Reserve.

The Fedcoin idea was presented by David Andolfatto (yes on a Blogger blog!), Vice President, Federal Reserve Bank of St. Louis, at the International Workshop on P2P Financial Systems 2015.

Andolfatto's blog post confirmed the agenda of a cashless society further when he mentioned that cash does not leave a paper trail but digital currency like Fedcoin and Bitcoin does leave a trail:

"Imagine that the Fed, as the core developer, makes available an open-source Bitcoin-like protocol (suitably modified) called Fedcoin. The key point is this: the Fed is in the unique position to credibly fix the exchange rate between Fedcoin and the USD.

What about consumers and businesses? They will have all the benefits of Bitcoin – low cost, P2P transactions to anyone in the world with the appropriate wallet software and access to the internet.

In short, Fedcoin is essentially just like digital cash. Except in one important respect. Physical cash is still a superior technology for those who demand anonymity. Cash does not leave a paper trail, but Fedcoin (and Bitcoin) do leave digital trails."

FEDcoin by David Andolfatto

Former FDIC director Sheila Bair on Capitol Hill in Washington June 26, 2013. REUTERS/Yuri Gripas

Former FDIC director Sheila Bair

The banking elite are in full action now to gradually convince masses about accepting cryptocurrency. What shocked me the most and proves this research transparent is the recent blog article on Yahoo Finance by Sheila Bair (Former FDIC chair that we discussed earlier) in full support of FEDcoin. Sheila says the Fed needs to get serious about its own digital currency and she openly explained how it can be achieved:

In start she acted like all banking elite as if she doesn't even know who Satoshi Nakamoto (Nick Szabo) is by saying:

Lack of confidence in our banking systems motivated the mysterious Satoshi Nakamoto to develop bitcoin. He (she, they?) [like if she doesn't know Nick Szabo] originally intended it as a widely accepted method of payment that could function completely outside of the banking system.

Go back to chapter#1 and read when I predicted that bitcoin's current problems of scalibility, volatility and energy consumption are intentionally planted by banking elite so that when the final version of the centralized bank-issued cryptocurrency is introduced, all these current problems of bitcoin will be used as an excuse to mind program people to switch to a more secure cryptocurrency model. Read it yourself what Sheila wrote:

Unfortunately for M. Nakamoto, bitcoin has failed miserably as a method of payment. Its extreme volatility has made it popular as a speculative investment and store of value, but who wants to pay for something in bitcoin when its value could double in a month, or accept it as payment if its value could just as precipitously drop?

Sheila Bair on Yahoo Finance

and then she came straight to her point:

"But what if the Fed or other central bank issued their own digital money? Though it sounds radical, the idea is gaining credibility among an increasing number of mainstream economists and central bankers themselves. Presumably, a central bank-issued digital currency (CBDC) would be as stable as traditional fiat currency, while reducing the risk of financial crises and improving monetary policy tools. "

"However, suppose consumers and businesses could convert their bank deposits into a digital currency that would be issued and backed by the Fed? Let's call it FedCoin. They would no longer need to worry about bank instability. Since the Fed can print its own money [just imagine how is she manipulating people's mind], by definition, it can always make good [has Fed ever done good to people?]on its financial obligations. What's more, the costs and inefficiencies in the current payments system would be greatly reduced. Consumers would no longer need to maintain checking accounts, with their expensive maintenance and overdraft fees, to effectuate payments. At the same time, businesses accepting Fedcoin could avoid the interchange fees charged by banks and their card networks — fees that are particularly burdensome to small firms."

Sheila Bair on Yahoo Finance

And finally she uses the same emotional card of poor and rich to hypnotize people with her horrible solution to current fiat monetary system by providing the public with yet another bogus solution to keep them enslaved for yet another half century.

"This is a nice deal for the banks, but hasn't done a whole lot to help the rest of us. The past 10 years are proof positive that current monetary tools are woefully inadequate to stimulate broad-based economic growth. The super rich have gotten a lot richer, while the middle class has struggled."

Sheila Bair on Yahoo Finance

I leave the rest to you. In a world of thousand dotted lies and trickery, only knowledge helps one to connect the dots and make sense out of it. These are the same

 

You have seen the plans of the world's two biggest and most powerful banks for national cryptocurrencies and how they are using Bitcoin as a testing tool, and since both these banks come under the umbrella of the real banking gods (Rothschild and Rockefeller), I hope you might have a clear idea now about what to expect next.

By the time I was writing this article, the bankers who were merely acting to hate bitcoin have actually started embracing it!

According to the details provided, Rothschild Investment Corporation has acquired shares of Bitcoin Investment Trust (GBTC) for $210,000. Rothschild, the banking elite family has now become a bitcoin stakeholder - Reported by the Bitcoin official website itself. Funny isn't it?

Furthermore the Rockefeller family's venture-capital arm Venrock ("Venture" plus "Rockefellers") has recently announced its partnership officially with the cryptocurrency investor group, CoinFund, to fund and sponsor blockchain based startups and cryptocurrency businesses.

The Rockefeller dynasty is one of the richest families with an estimated net worth over $1 trillion USD. I hope its is now crystal clear who funded all this cryptocurrencies drama behind the curtains and now the same actors are coming in public after having successfully hypnotized the world once again.

Bitcoin is just their test dummy to study human behavior to electronic currencies. Their biggest aim is to get people addicted to the use of cryptocurrencies as much as possible.
Their ultimate goal is releasing central banks issued cryptocurrencies backed by nothing but the same lie that backed fiat paper currencies to this date.

Want to see a real-life proof? Carefully read the press statements of MasterCard top officials from 2016 to 2018 in favor of digitization through private blockchain technology.

MasterCard in favor of digitization through private blockchain technology

In 2016, during an interview with Indian news publication the Business Standard, Rob Reeg, MasterCard president for operations and technology, said:

It [Blockchain] is an interesting technology and we are working on it. I personally don't care about Bitcoin, but I do care about blockchain technology.

In 2017, MasterCard president and CEO Ajay Banga has broadly dismissed all non-regulated cryptocurrencies such as Bitcoin as 'junk'.

In a media interview given to the Economic Times, Ajay said:

If the government creates digital currency, we will find a way to be in the game. We will provide rails for moving currency from customer to merchant. The government mandated digital currencies are interesting. Non-government mandated currency [Bitcoin] is junk.

In 2018, in an interview with the Financial Times, MasterCard Asia-Pacific co-president Ari Sarker openly expressed their willingness to support national digital currencies that are issued and backed by central banks.

"If governments look to create national digital currency we'd be very happy to look at those in a more favorable way"

Did you get the idea now? This is how people are brainwashed gradually by the very same elite.

Bitcoin is nothing but a well planned experiment to make people addicted to electronic currencies so that when the curtains are pulled, they may face no serious agitation.

Rothschild and Rockefeller are the only two families that rule over 50% of banking industry. To prove they are not behind bitcoin, they often give rivalry statements just to increase the public faith more into their bitcoin paid puppets who talk ill of banks. This is a preplanned script played just before they could unveil their final plan..

CEO of JP Morgan, Jamie Dimon recently came forward and said:

Bitcoin cryptocurrency is a fraud. It's worse than tulip bulbs. It won't end well. Someone is going to get killed

He also said he would "fire in a second" any JP Morgan employee who is found trading Bitcoin for two basic reasons:

It's against our rules and they are stupid.

Ironically in media they do give such statements but in reality they are more hypocrites than you can think. The same JP Morgan Chase is a public member of Enterprise Ethereum Alliance. Ethereum is the second most popular cryptocurrency after Bitcoin and it also provides the technology to create new cryptocurrencies and blockchain applications.

If JP Morgan thinks bitcoin is fraud so its CEO must also confess that Ethereum is fraud too because the founder of Ethereum, Vitalik Buterin was a programmer involved with Bitcoin and is the co-founder of Bitcoin Magazine. Vitalik was so impressed with Bitcoin, that he went on to create his own OS for cryptocurrencies called 'Ethereum' (though he was backed by Nick Szabo) which was initially crowd funded using Bitcoin. Funny isn't it?

UPDATE: As expected these bankers only act according to a script. The hypocrite banker of JP Morgan now actually supports bitcoin and even his daughter has bought two bitcoins recently.

His initial drama was only to let people believe that Bitcoin is actually a threat to banks so that more and more people could buy bitcoins. This is how banks play with people's minds. They have always fooled humanity through the art of hypocrisy.

In other words Bitcoin and Ethereum work similar to how Rothschild and Rockefeller banks have been working to fool general public till this time.

Despite knowing how bitcoin has made criminal activities such as child abuse imagery, terrorism, money laundering, tax evasion and drug sale extremely easy on Darknet marketplaces, the intelligence agencies are refrained from talking ill of bitcoin.

In October 2013, the Silk Road marketplace, which used to sell illegal drugs online, was shut down by U.S. law enforcement.

Instead of requesting the Govt to start a campaign to ban bitcoin trading worldwide with the help of its allies, the FBI indirectly supported bitcoin with its statements of love for it.

Astonishingly FBI will keep all the seized bitcoins with them but will never give it back to the rightful owners. This is enough an evidence, how NSA and its sponsors (the Rothschild) are experimenting with Bitcoins to study human reaction.

"Bitcoins are not illegal in and of themselves and have known legitimate uses. However, bitcoins are also known to be used with cybercriminals for money-laundering purposes, given the ease with which they can be used to move money anonymously." Source

FBI Special Agent Christopher Tarbell.

To prove our point more with a solid proof, check out the love message of IMF Chief Christine Lagarde, given in favor of cryptocurrencies to central bankers.

She told bankers to start giving importance to the rising popularity of digital currencies instead of being Luddites. She said that this new digital currencies which are created and exchanged without involving banks or governments could in time be embraced by countries with unstable currencies.

"In many ways, virtual currencies might just give existing currencies and monetary policy a run for their money.

The best response by central bankers is to continue running effective monetary policy, while being open to fresh ideas and new demands, as economies evolve."

She said, digital currencies are unlikely to replace traditional ones, as they are

"too volatile, too risky, too energy intensive and because the underlying technologies are not yet scalable."

— IMF Chief, Christine Lagarde

In order to let people believe that bitcoin is not a product of these banking elites, they are playing the propaganda on both sides:

On Crypto-Community Side:
"Abuse banks and talk bad about fiat currencies and governments. Convince people to start treating bitcoin as a digital asset created by a Jesus like Messiah called Satoshi. Convince people that all this billion dollar investment in digital currencies and the ICOs, is being done by internet keyboard warriors with no support of Rothschild/NSA at all".
On NSA and Banking side:
"Let them keep on issuing negative statements against central banks and national financial authorities. Let people believe cryptocurrencies can save them from this cruel financial system. Once more and more people have adopted it, we will unveil our true cashless-agenda through power, influence and crypto-gods that we have been breeding".
Anyone who thinks all this cryptocurrency trade is powered by individuals like you and me with no hidden power, is too fond of watching Marvel Studios movies!

These banking elites have been ruling us for over a century because we are easily fooled emotionally and psychologically. Anyone who comes to us with a solution to our financial problems, we blindly trust them in hope of a better future. History repeats itself. Its just the same corporate scam of PROBLEM - REACTION - SOLUTION.

Thus, one can surely conclude:

BITCOIN = ( Created by NSA's Nick Szabo ) + ( Funded by Banking Elite )

Unveiling The Bitcoin Team Led By Nick Szabo – CHAPTER[1.9]

Posted: 12 Jun 2018 09:24 AM PDT

Now that when we know "Satoshi Nakamoto" is the Pen Name of the polymath "Nick Szabo" and that Bitcoin is a test dummy of NSA which is surely not coded by Nick Szabo alone. Let us see a partial (roughly just 20%) list of Nick Szabo's core team of developers and government agents that made practical implementation of Bitgold a reality by coding the Bitcoin client software.

The picture below was leaked by a reddit user. This meeting of 20 core bitcoin developers was privately and secretly held at Princeton University in March 2014.

Princeton university surprisingly did not publically share any details of this supper on there official website where they only mentioned about a public workshop on Bitcoin awareness and blockchain technology. The public conference was organized after that secret meeting.

I present to you the real Satoshi Nakamoto (Nick Szabo) and his secret team of core bitcoin developers all sitting on a single supper table.

This is the biggest proof of who created Bitcoin!

[Click here to see enlarged view]

The secret team of Bitcoin developers led by Nick Szabo

Following is the complete list of people in the picture above along with there twitter handles.

Matt Green (Above picture was taken by Matt)
Ittay Eyal
Zooko Wilcox-O'Hearn
Andrew Miller
Nick Szabo
Peter Todd
Greg Maxwell
Arvind Narayanan
Sarah Meikeljohn
Emin Gün Sirer
Rainer Böhme
Joe Bonneau
Sergio Demian Lerner
Gavin Andresen
Steven Goldfeder
Ed Felten
Josh Kroll
Nicolas Christin
Ian Miers
Christina Garman
Jeremy Clark

Almost most of these attendees participated in the public workshop but guess who didn't participate? Yes you are right: Nick Szabo!

The meeting at Princeton University Prospect House was kept secret for one single reason: Nick Szabo, the creator of Bitcoin was present there along with Gavin Andresen (the lead developer of Bitcoin appointed by Satoshi Nakamoto (Nick Szabo) and also the founder of Bitcoin Foundation) thus to avoid public exposure, it was made sure the two are never seen together but sometimes nature has other plans....

Did you recognize Dr. Edward Felten among this group? He was Deputy U.S Chief Technology Officer during Obama administration appointed in May 2015. He was responsible for making technology and science policies.

A future government officer, Bitcoin creator and 20 core developers all on the same table and meeting secretly... Interesting isn't it?

All public videos were uploaded to Youtube and also to Princeton webpage but as expected none of these videos included Nick Szabo.

I am sharing one such video from that Bitcoin workshop and conference held at Princeton University, which includes Edward Felten amongst the panelists.

Watch with your own eyes the gradual mind programming of academia in United States towards a bogus currency that is banned in many countries, marked as an illegal tender and which acts as the perfect tool for tax evasion, money laundering and darknet million dollar daily drug sale(all figures will be shared in Chapter#2). 

Building collaborations between developers and researchers

    Video Panelists:
    Edward Felten, Department of Computer Science, Woodrow Wilson School, and CITP, Princeton University
    Greg Maxwell, Core developer, Bitcoin Project
    Andrew Miller, Department of Computer Science, University of Maryland
    Alan Reiner, Core developer, Armory Bitcoin Client

Once this picture was leaked a staff member at Princeton University had no choice but to confess that such meeting actually took place.

Although he tried acting like if it was nothing too big to be discussed and that Nick Szabo's attendance was nothing exceptional. Read his excuses here.

Where Did ‘Nick Szabo’ Code Bitcoin Software? – CHAPTER[1.8]

Posted: 12 Jun 2018 09:24 AM PDT

N.S.A created Bitcoin through Nick Szabo

The email letters that Hal Finney (First person to receive bitcoin transaction from Satoshi. He died in the same year, 2014. Surprisingly Finney is Nick Szabo's closest friend since 1993..) supplied to The Wall Street Journal in the spring of 2014 and which were written in Jan 2009, has a bitcoin address that Satoshi shared with Finney which has initials matching Nick Szabo's name.

"Unfortunately, I can't receive incoming connections from where I am, which has made things more difficult. Your node receiving incoming connections was the main thing keeping the network going the first day or two."

"You can send to my Bitcoin address if you want to, but you won't get to see the full transfer sequence:"

1NSwywA5Dvuyw89sfs3oLPvLiDNGf48cPD

This bitcoin address starts with 1NS as the first two Base-58 capital letters where "1" is the default prefix for Bitcoin pubkey hash while the string that follows after "1" is generated upon desire (Vanity address). In this case the custom address starts with "NS" and not "ns" or "Ns" but both Capital alphabets which looks like a desired abbreviation to:

NSNick Szabo

Instead of writing it as SN to match Satoshi Nakamoto, Nick mistakenly chose NS because the original name is always strongly fed at the back of one's mind and during instant emailing, keeping your self focused on both the algorithm and secrecy at the same time is quite difficult sometimes. This is where Nick made another big mistake.

Some critics may argue that I am intentionally making a story out of it and the above address could be just an arbitrary address generated by chance? Or that if Satoshi Nakamoto really wished to use his name then he could have simply created a vanity address with his complete surname i.e. 1Satoshi

Let's use some old school mathematics to prove my stand:

What is a Vanity Address?

Vanity address is valid bitcoin address that contain a custom message in human-readable format. Such as this address: 1MBTki12847iopshWBop2189HJyusqi248 , where MBT is the message encoded inside this public address.

To create a Vanity address you will need to generate and test billions or trillions of candidate private keys, until you get the desired pattern for your bitcoin address.

A base58 encoded bitcoin address is 34 characters long and it consists of numbers between 1-9, uppercase alphabets A-Z (excluding O) and lower case alphabets a-z. The characters excluded are: 0, O, I, and l.

Now lets analyze how many bitcoin addresses can be created with prefix 1Satoshi and how much time is required to create such vanity address using a general purpose desktop computer PC.

We know that an average PC not attached to any specialized hardware such as GPU or ASIC can search approximately 100,000 keys per second.

The search for a pattern like "1Satoshi" (i.e. 8 characters) means searching for an address in the range from "1Satoshi11111111111111111111111111111" to "1Satoshizzzzzzzzzzzzzzzzzzzzzzzzzzzzz".

So total possible combinations of bitcoin address that can be formed starting with 1Satoshi are: 58(34-8) = 5826 addresses (~ 7.0652549e+45)

Quite a large set of addresses isn't it? Then why didn't Satoshi used it then?

Because if he had chosen this vanity address then it would have taken his computer up to 8 months {(587/100000)/60*60*24*30} to find this perfect match out of (587) 2.2 trillion possible addresses!

The table below shows the frequency of a vanity address pattern and search time required to find it on a desktop PC.

Note: I used my mobile phone's calculator, frequency and time values are estimates, rounded off to the nearest integer.

Length Pattern Frequency Search Time
1 1S 1 in 58 keys < 0.58 milliseconds
2 1Sa 1 in 3,364 < 33 milliseconds
3 1Sat 1 in 195,112 < 1.95 seconds
4 1Sato 1 in 11.3 million < 1.8 minutes
5 1Satos 1 in 656 million < 1.8 hours
6 1Satosh 1 in 38 billion < 4.4 days
7 1Satoshi 1 in 2.21 trillion < 8.5 months

I am sure Hal Finney could not have waited for that long to receive Nick Szabo's email response!

Thus Nick Szabo chose to create a vanity address using just two characters "1NS" which might have taken his PC less than 50 milliseconds to search the desired public key. Simple math!

If you notice Satoshi Nakamoto's (Nick Szabo's) email to Finney in 2009, Satoshi said:

"I can't receive incoming connections from where I am"

How can basic computer network connections turn to be a headache for a genius programmer like Satoshi (Nick)? Why couldn't he troubleshoot the network connection issue to allow incoming connections? Or is it that, he was in a highly secured building where computers require special administrative privileges that Nick Szabo didn't had or could not access? Which secured or secret building could it be, where Satoshi was coding the Bitcoin software?

This takes us to our second most interesting part of the story.

Is Bitcoin The Work Of A Single Man?

Nick Szabo's 575 forum posts published at bitcointalk.org on a small interval of time from Nov 2009 to Dec 2010, suggests that, Bitcoin is not the work of Nick Szabo alone or a group of independent cypherpunks but an organized secret project backed by the world's best mathematicians, programmers, investors and cryptographers.

The most likely suspect, capable, willing, and motivated to embark on such a massive monetary project could be none but NSA (National Security Agency).
N.S.A headquarters where Bitcoin software was coded

Not everyone around the world knows that NSA is America's cryptologic organization, tasked with making (encrypting) and breaking (decrypting) codes and ciphers. No one can even reach the level of expertise NSA has in cryptology thanks to its 40,000 employees compromising of the world's best engineers, physicists, mathematicians, linguists, computer scientists and every other polymath around the world. Yes you heard it right, "cryptology", the basic science behind cryptocurrencies.

NSA is a high-technology organization with the world's most powerful super computers that helps it to intercept any communication taking place around the world. It is responsible for global monitoring, collection, and processing of information and data for foreign intelligence and counterintelligence purposes, i.e. Signals Intelligence (SIGINT)

The history of the National Security Agency dates back to 1917, when U.S declared war on Germany in World War I. During that time U.S military intelligence established a code and cipher decryption unit known as the Cipher Bureau. Communication Intelligence (COMINT) helped the United States and Britain to achieve significant successes against Japanese and Hitler's Nazi Germany diplomatic communications. it was officially formed as the NSA by President Harry S. Truman in 1952

Since then NSA has grown into a massive intelligence organization and is often engaged with global controversies. Every email that you send online via gmail, hotmail or yahoo can easily be read by an NSA employee thanks to the database access. Secret programs gives NSA backdoor access to Apple, Google, Facebook, Microsoft data.

This is one reason why Google and Facebook is banned in China.

Every social media mobile app or web app, can't do business in Silicon Valley unless NSA is given secret access to the user database. The recent controversy of Mark Zuckerberg selling user data to Cambridge Analytica is just tip of the Ice berg. Things only seem impossible untill the secrets get leaked out.

NSA also has offensive cyber-warfare capabilities, like injecting malware into remote computers. I will explain in Chapter#2 how they helped in launching Ransomeware Attack worldwide using the EternalBlue exploit created by NSA.

Ransomeware attack was a bitcoin publicity stunt made by NSA for Bitcoin promotion to increase its public adoption rate.

NSA's spying, both foreign and domestic, was revealed for the first time to the world by former NSA contractor, Edward Snowden, in a series of disclosures beginning in June 2013.

Today NSA's headquarter is located in Fort Meade, Maryland, U.S. with over 30,000-40,000 employees and with an annual budget of $10.8 Billion. All these heads are busy 24/7 to spy upon every targeted individual living on the face of the earth. Indeed they invent the toys that we play with and Bitcoin is just one of them.

NSA was already working on cryptocurrencies, publishing its first white paper in 1996, twelve years before Satoshi's white paper was made public in 2008.

Even the hashing algorithm ( SHA-256 hash function ) used by Satoshi, to secure bitcoin is surprisingly designed by NSA back in 2001! No one in the entire bitcoin community can claim, SHA256 is not vulnerable to collision attacks or it has no backdoors setup by NSA.

NSA can afford to hire the best mathematicians and programmers. When any one of them proposes something, only a few people are able to understand the mathematical proof it's based on. A flaw could exist for decades before someone else find it by accident.

As it happened with SHA-1 (created by NSA) when Google found flaws in it by performing a successful collision attack in 2017. Google and CWI was able to publish two dissimilar PDF files which produced the same SHA-1 hash.

A collision attack in cryptography means you can achieve a single hash value using two different inputs or in other words, same output for two different inputs. In layman terms, two different keys for one single lock..

Any guesses when was SHA-1 released?

  • In 1995, a collision was found two decades later..

A silent message for Bitcoin worshippers whose foundation is based on SHA-256, an upgraded algorithm designed and crafted by the same spy agency in 2001.

Only the original programmer of the script knows all backdoors/keys to the encrypted code. NSA is known to bribe institutes like NIST and RSA to include algorithms of its choice. The most popular incident of which is Dual_EC_DRBG.

Dual Elliptic Curve Deterministic Random Bit Generator is an algorithm that was presented as a cryptographically secure pseudorandom number generator (CSPRNG) using methods in elliptic curve cryptography (used in Bitcoin to create private and public key).

Experts and researchers had widely protested this proposed algorithm by NSA, which according to experts included a potential backdoor that only NSA knows.

Despite criticism, NSA succeeded in bribing RSA security with over $10 million to include the algorithm and surprisingly for seven years it was one of the four CSPRNGs standardized in NIST SP 800-90A.

According to wikipedia:

In December 2013, a Reuters news article alleged that in 2004, before NIST standardized Dual_EC_DRBG, NSA paid RSA Security $10 million in a secret deal to use Dual_EC_DRBG as the default in the RSA BSAFE cryptography library, which resulted in RSA Security becoming the most important distributor of the insecure algorithm.

According to Zero Hedge Team:

The NSA has the capability, the motive, and the operational capacity – they have teams of cryptographers, the biggest fastest supercomputers in the world, and they see the need. Whether instructed by their friends at the Fed, in cooperation with their owners (i.e. Illuminati banking families), or as part of a DARPA project – is not clear and will never be known (unless a whistleblower comes forward). In fact, the NSA employs some of the best mathematicians and cryptographers in the world. Few know about their work because it's a secret, and this isn't the kind of job you leave to start your own cryptography company.

Even if we ignore this huge amount of circumstantial evidence, still the most surprising evidence is the 1996 paper published by NSA itself, almost twelve years before the introduction of Bitcoin!

"How to Make a Mint: the Cryptography of Anonymous Electronic Cash"

You will be surprised to figure out, how smartly did NSA launch Bitcoin as a test experiment using the Pseudonym of "Satoshi Nakamoto" and by employing Nick Szabo and his entire team.

According to "Crypto Coins News" Website:

The NSA was one of the first organizations to describe a Bitcoin-like system. About twelve years before Satoshi Nakamoto published his legendary white paper to the Metzdowd.com cryptography mailing list, a group of NSA information security researchers published a paper entitled "How to Make a Mint: the Cryptography of Anonymous Electronic Cash" in two prominent places, the first being an MIT mailing list and the second being much more prominent, The American Law Review (Vol. 46, Issue 4 ).

The paper outlines a system very much like Bitcoin in which secure financial transactions are possible through the use of a decentralized network the researchers refer informally to as a Bank. They list four things as indispensable in their proposed network: privacy, user identification (protection against impersonation), message integrity (protection against tampering/substitution of transaction information – that is, protection against double-spending), and nonrepudiation (protection against later denial of a transaction – a blockchain!).

"We will assume throughout the remainder of this paper that some authentication infrastructure is in place, providing the four security features." (Section 1.2)

It is evident that SHA-256, the algorithm Satoshi used to secure Bitcoin, was not available because it came about in 2001. However, SHA-1 would have been available to them, having been published in 1993.

Milton Friedman, one of the most successful economists, predicted crypto currency in 1999 and NSA had a design built already in 1996. NSA started working on crypto currency ever since Internet was born.

According to Silicon Angle:

The CIA Project, a group dedicated to unearthing all of the government's secret projects and making them public, has released a video claiming Bitcoin is actually the brainchild of the US National Security Agency.

The video entitled CIA Project Bitcoin: Is Bitcoin a CIA or NSA project? claims that there is a lot of compelling evidences that proves that the NSA is behind Bitcoin. One of the main pieces of evidence has to do with the name of the mysterious man, woman or group behind the creation of Bitcoin, "Satoshi Nakamoto".

According to the CIA Project, Satoshi Nakamoto means "Central Intelligence" in Japanese.

A Russian lawmaker also claims that Bitcoin is a CIA conspiracy:

Nonetheless, Svintsov's remarks count as some of the more extreme to emanate from the discussion. Svintsov told Russian broadcast news agency REGNUM:"All these cryptocurrencies [were] created by US intelligence agencies just to finance terrorism and revolutions."

Svintsov reportedly went on to explain how cryptocurrencies have started to become a payment method for consumer spending, and cited reports that terrorist organizations are seeking to use the technology for illicit means.

Want to know how secure Bitcoins hashing algorithm is? Read this:

Claims that the NSA created Bitcoin have actually been flung around for years. People have questioned why it uses the SHA-256 hash function, which was designed by the NSA and published by the National Institute for Standards and Technology (NIST). The fact that the NSA is tied to SHA-256 leads some to assume it's created a backdoor to the hash function that no one has ever identified, which allows it to spy on Bitcoin users.

Cryptography researcher Matthew D. Green of Johns Hopkins University also said:

"If you assume that the NSA did something to SHA-256, which no outside researcher has detected, what you get is the ability, with credible and detectable action, they would be able to forge transactions. The really scary thing is somebody finds a way to find collisions in SHA-256 really fast without brute-forcing it or using lots of hardware and then they take control of the network,"

SHA-256 is used in two major parts of the Bitcoin network:

  1. Mining uses SHA-256 as the Proof of work algorithm.
  2. SHA-256 is also used in the creation of bitcoin addresses.

And finally here is the statement of former CIA employee and NSA contractor Edward Snowden. In an interview at 'The Internet Engineering Task Force 93', he talked on Bitcoin and its flaws and weaknesses.

image9

"Nobody really likes to talk about Bitcoin anymore. There are informed concepts there. Obviously, Bitcoin by itself is flawed. The protocol has a lot of weaknesses and transaction sides and a lot of weaknesses that structurally make it vulnerable to people who are trying to own 50 percent of the network and so on and so forth."

- CIA Employee and NSA Contractor, Edward Snowden

Why Is Nick Szabo Given a Japanese Pen Name?

The first reason I shared was that since Dorian Prentice Satoshi Nakamoto lived just two blocks away from Hal Finney's home, this name might have looked interesting to Nick Szabo as it sounded like a good pen name which matched Nick Szabo's starting letters of his name. (i.e. N & S). So Satoshi Nakamoto translated just perfectly to Szabo Nick.

The first reason is based totally on facts but my second reason could be my mere speculation or imagination that could be completely wrong but this is my best wild guess so far.

My Wild Guess:

Geographical background plays a vital role in diverting people's attention. Especially when it is Japan which in other words is a military base of USA and a strong political threat to China's growing economic influence in Asia.

Japan and U.S are military allies and both are free open Markets and strong foes of China and Russia.

Japan is located in Asia and Asia is world's largest and most populous continent. About 60% of all human beings living on earth reside in Asia.

Using an Asian pseudonym for Bitcoin creator means attracting a large audience of 4.436 billion as test objects.

Japan, South Korea, Taiwan and China are nations with average IQs over 104. Having them as test dummies and the lower belt of South Asia (i.e. India) to understand human behavior to this new electronic currency is of immense importance before a One-World Centralized Cryptocurrency is introduced by the banking elite.

Using a Japanese name will also divert the attention of U.S citizens and Europeans away from the Rothschild and Rockefeller families. This is one reason why 73% Bitcoin ATMs are in North America (USA & Canada) and 20% Bitcoin ATMs are in Europe while only 4% are in Asia.

Bitcoin users are more in USA, Canada and UK because they are being brainwashed to believe that Bitcoin is created by an unknown libertarian by the name Satoshi Nakamoto, who hates the fiat based monetary system and who created Bitcoin to free everyone from debts, taxes and inflation.

Surprisingly this tactic is working as people always act like a sheep, believing in any fairy tale that may give them a hope of freedom from financial slavery. Because they always forget, that Devil is the master of all trickery.

Number of Bitcoin ATMS by country

The elites diverted all attention towards Asia because this is the region that has always showed extreme resistance to their bigger plans and agendas. They could have only used Asia's 4.436 Billion population as test dummies through a decentralized monetary system that could support cross-border transactions without any control of the local government to stop such financial activity.

Thus Bitcoin with a public blockchain is the best suited system, the banking elite could use to achieve their experimental goals. Indeed, Bitcoin is just a test case!

A complete cashless society is all that they are aiming for, to keep all masses under strict financial scrutiny for ultimate global domination through the power of a centralized cryptocurrency.

How Did We Hunt Down ‘Nick Szabo’ To Be ‘Nakamoto Satoshi’? – CHAPTER[1.7]

Posted: 12 Jun 2018 09:24 AM PDT

I would have not been able to hunt down the real Satoshi Nakamoto if he had not tried to alter the timestamps on his blogger blog.

After having thoroughly examined Nick Szabo's blog activity which is hosted on Google Blogger (same as ours), I have gathered enough evidence to prove that Satoshi is none other but Szabo.

How nick szabo created bitcoin?

Just like how every bitcoin transaction is timestamped and recorded in the distributed ledger, Google blogger records it inside JSON Feeds. The JSON feeds data can be easily viewed publically just like Blockchain! That was a nice comparison btw!

A timestamp is a sequence of characters that provides information when a certain event occurs, usually giving date and time of day. Every article, comment or video that you publish online, has its unique timestamp.

In Blogger CMS platform, all data of the blog (users data, category list, authors names, profile links, post title, post URL, article content, thumbnails, published timestamp, updated timestamp etc.) is stored inside human-readable files called XML.

Accessing data through XML is slow because it requires a XML parser to parse data. Therefore Blogger Data API provides JSON support which is a smart alternative to XML files. Using JSON Feeds, a developer can easily fetch information about blog posts or comments. You can read more about it by reading our comprehensive guide:

Blogger platform records data by assigning two different timestamp objects.

  1. published timestamp provides the exact time when the article was first published.
  2. updated timestamp provides the time when the article was last edited or any of its settings were modified.
In blogger blogs an administrator can easily change Post timestamps but he can not change comment timestamps and neither the URL structure called permalink. Even if the administrator tries to hide date inside blog comments (as Nick did by only showing time not date), we can easily get the exact date and time through Blogger JSON Feeds.

Bitcoin's original name was Bitgold and it took Nick Szabo about a decade from 1998 to 2005 to convert his Bit Gold idea into Bit Coin reality. He shared his idea of a decentralized cryptocurrency entitled "Bit gold" for the first time publicly in 2005 on his blog. Those who have read the contents of this blog post, are shocked to find over 99% resemblance between Bitgold and Bitcoin key features or in other words the same concept but with slight difference of terminologies used for.

Read the major points of his blog post below to get an idea of how he came up with the idea of bit gold to replicate gold in digital form and then match it with the Bitcoin whitepaper, everything will become crystal clear of how Nick Szabo made Bitcoin a reality:

A long time ago I hit upon the idea of bit gold. The problem, in a nutshell, is that our money currently depends on trust in a third party for its value. As many inflationary and hyperinflationary episodes during the 20th century demonstrated, this is not an ideal state of affairs. Similarly, private bank note issue, while it had various advantages as well as disadvantages, similarly depended on a trusted third party.

Precious metals and collectibles have an unforgeable scarcity due to the costliness of their creation. This once provided money the value of which was largely independent of any trusted third party. Precious metals have problems, however. It's too costly to assay metals repeatedly for common transactions. Thus a trusted third party (usually associated with a tax collector who accepted the coins as payment) was invoked to stamp a standard amount of the metal into a coin. Transporting large values of metal can be a rather insecure affair, as the British found when transporting gold across a U-boat infested Atlantic to Canada during World War I to support their gold standard. What's worse, you can't pay online with metal (underestimating gold here).

Thus, it would be very nice if there were a protocol whereby unforgeably costly bits (referring to bitcoin here) could be created online with minimal dependence on trusted third parties, and then securely stored, transferred, and assayed with similar minimal trust. Bit gold.

My proposal for bit gold is based on computing a string of bits (referring to bitcoin addresses) from a string of challenge bits, using functions called variously "client puzzle function," "proof of work function," or "secure benchmark function.". The resulting string of bits is the proof of work. Where a one-way function is prohibitively difficult to compute backwards, a secure benchmark function ideally comes with a specific cost, measured in compute cycles, to compute backwards.

Here are the main steps of the bit gold system that I envision:

  1. A public string of bits, the "challenge string," is created (see step 5).
  2. Alice on her computer generates the proof of work string from the challenge bits using a benchmark function.
  3. The proof of work is securely timestamped. This should work in a distributed fashion, with several different timestamp services so that no particular timestamp service need be substantially relied on.
  4. Alice adds the challenge string and the timestamped proof of work string to a distributed property title registry (referring to blockchain) for bit gold. Here, too, no single server is substantially relied on to properly operate the registry.
  5. The last-created string of bit gold provides the challenge bits for the next-created string.
  6. To verify that Alice is the owner of a particular string of bit gold, Bob (referring to miner) checks the unforgeable chain of title in the bit gold title registry.
  7. To assay the value of a string of bit gold, Bob checks and verifies the challenge bits, the proof of work string, and the timestamp.

The main problem with all these schemes is that proof of work schemes depend on computer architecture (justifying why he created bitcoin on C++ for cross-platform support), not just an abstract mathematics based on an abstract "compute cycle." Thus, it might be possible to be a very low cost producer (by several orders of magnitude) and swamp the market with bit gold. However, since bit gold is timestamped, the time created as well as the mathematical difficulty (referring to bitcoin difficulty)of the work can be automatically proven. From this, it can usually be inferred what the cost of producing during that time period was (this is how bitcoin is priced today).

Unlike fungible atoms of gold, but as with collector's items, a large supply during a given time period will drive down the value of those particular items (referring to why he chose a fixed 21 Million supply). In this respect "bit gold" acts more like collector's items than like gold. However, the match between this ex post market and the auction determining the initial value might create a very substantial profit for the "bit gold miner" who invents and deploys an optimized computer architecture.

Unenumerated blog article by Nick Szabo aka Nakamoto Satoshi on Bitgold aka Bitcoin.

Carefully read the red highlighted text where I have pin-pointed how through this bitgold protocol that he published in 2005, he led the foundation for bitcoin. Almost everything that is the building block of bitcoin is mentioned in this extract from blockchain, proof of work (PoW), mining, difficulty, computational cost, to the coins supply.

But there is something more interesting with the timestamps of this article which confirmed my doubts on Nick even more as being the sole mastermind behind bitcoin.

The following is a internet archives screenshot of bitgold article that Nick originally published on 29th Dec, 2005. Almost three years before Bitcoin white paper was released in Oct 31, 2008.

Original publishing date of Bitgold article by Nick SzaboHe starts the article by saying "A long time ago I hit upon the idea of bit gold." which means that he actually started working on bitgold/bitcoin protocol before 2005. In May 28, 2011 Nick Szabo confessed that the work on Bitgold actually started in 1998, almost 10 years before Bitcoin was introduced.

Only a few people had read of the bit gold ideas, which although I came up with them in 1998 (at the same time and on the same private mailing list where Dai was coming up with b-money -- it's a long story) were mostly not described in public until 2005, although various pieces of it I described earlier, for example the crucial Byzantine-replicated chain-of-signed-transactions part of it which I generalized into what I call secure property titles.

Bitcoin, what took ye so long? by Nick Szabo

Note that Nick published this response just few hours later after an author by the name gwern published an article on 28th May, 2011, on Bitcoin weekly entitled "Bitcoin Is Worse Is Better". This article has been deleted by Bitcoin weekly (this is how agency react) because it raised some serious questions. You can read the article by checking this archive.

Gwern argued why Bitcoin protocol was introduced so late when almost everything was ready almost 8 years before Satoshi's whitepaper i.e 2000?

The interesting thing is that by even the most generous accounting, all the pieces were in place for at least 8 years before Satoshi's publication, which was followed more than half a year later by the first public prototype (Satoshi claims that before he write the whitepaper, he wrote a prototype). If we look at the citations in the whitepaper and others, and then order the relevant technologies by year in descending order:

  1. 2001-2005: Nick Szabo, Bit Gold
  2. 2001: SHA-256 finalized (by NSA)
  3. 1998: Wei Dai, B-money
  4. 1997: HashCash
  5. 1992-1993: Proof-of-work for spam ("Pricing via Processing, Or, Combating Junk Mail, Advances in Cryptology", Dwork 1993, published in CRYPTO'92)
  6. 1991: cryptographic timestamps
  7. 1980: public key cryptography. (This is Satoshi's citation date; Diffie-Hellman, the first published system, was in 1976, not 1980.)
  8. 1979: Hash tree

I've guessed a bit with the first item: it's hard to figure out when exactly Szabo devised bit gold; his post claims to be from December 2008 but the URL indicates 2005 (Same What I mentioned) and it is linked in November 2008 emails. Szabo has long been interested in proof-of-work systems, writing on them in ~1998. A paper started in 2001 motivates the existence of bit gold and describes, but that may be material from the 2004 or 2005 revisions. Hal Finney mentioned bit gold in 2008 (in the context of a bitcoin discussion) describing Szabo's proposal as 'many years ago', and inasmuch as Hal has been active in cryptography circles since the '80s (was a member of the Cypherpunks mailing list etc.), it seems unlikely Hal was speaking of something then just 3 years ago.

Carefully read the points raised by gwern and you can easily connect the dots to draw the picture of the actual bitcoin creator. This is one strong reason why his post was probably deleted, although an edited version still exits on Gwern's blog.

Nick was very quick in defending his position and promptly replied to this critic within hours but he had no time to answer Gwern emails nor his counter questions. Gwern even provided counter-evidence when Nick Szabo tried to divert the attention of his audience by calling Finney or Dai as possible Bitcoin creators in his post:

image73

Wei Dai, [25 February 2011
> ...If you read the Wikipedia article, you should know that I didn't create Bitcoin but only described a similar idea more than a decade ago. And my understanding is that the creator of Bitcoin, who goes by the name Satoshi Nakamoto, didn't even read my article before reinventing the idea himself. He learned about it afterward and credited me in his paper. So my connection with the project is quite limited.

But as soon as Bitcoin whitepaper got published, in order to give an impression that Bitgold idea was actually inspired from bitcoin or that it came after bitcoin, Nick Szabo changed the timestamp (published date) of the blog post to a later date i.e. Dec 27, 2008. When he tried to change the permalink (date in URL), he could not edit it nor could he edit the comment timestamps because Blogger editor does not provide any such option. I will prove that through JSON feeds. How Nick Szabo changed timestamps on his bitgold blog

Notice the first comment posted on that "Bitgold" post is by "Kay Bell" at 2:16 PM.

timestamp of comment posted on Nick Szabo blog post

Choosing a timestamp for comments with no date mentioned but mentioning only time [ 2:16 PM ] makes no sense, although Google blogger offers several useful ISO 8601 date and time formats as shown below:

comment timestamp format in blogger

May be Nick enjoys keeping suspense in everything. :)

To prove that the first comment posted on Nick's bitgold blog post is from 2005, I will use the following URL containing special parameters to extract the comment feed in JSON format:

https://unenumerated.blogspot.com/feeds/comments/default?alt=json&start-index=1000&max-results=500

Open the above URL inside a browser and search for "Kay Bell", you can then clearly see the published and updated timestamps for this comment as shown below:

Bitgold concept was published before Bitcoin Whitepaper

You can clearly observe the published and updated times in ISO format to be:

    2005-12-29T14:16:00.000-08:00

The Date is 29th Dec, 2005 and Time is 14:16:00 or 2:16 PM

This clearly proves the article was published in 2005 and not in 2008. The Published and Updated (Edited) times are same because Blogger does not allow editing of comments just like Twitter statuses.

But surprisingly the Published time and Updated(edited) time of the Blog post timestamp in JSON Feeds has a one minute difference.

To browse the Post Json feed, type this in your address bar and then search "A long time ago":

https://unenumerated.blogspot.com/feeds/posts/default?alt=json&max-results=76

Note: The timestamp in Blogger Post JSON feeds can be easily changed to reflect the new timestamp unlike the comment timestamps which can't be changed. So the post feed will show date as 2008 and not as 2005.

how to set date and time in blogger posts

Now locate the bitgold text by typing "a long time ago"

Bitgold post published before Bitcoin Whitepaper

You can then clearly locate the published time as:

2008-12-27T16:16:00.000-08:00

and updated time as:

2008-12-27T16:17:00.164-08:00

You can see that the dates are same as 27th Dec, 2008 but the times (GMT pacific time) have a one minute difference. The post was published on 4:16 PM but was updated on 4:17 PM.

I checked full content of the bitgold post in 2005 and 2008 and found not even a comma difference then what did Nick edit during that one minute?

you can't edit permalink in blogger for a published post

My wild guess is that after publishing the post, Nick might have observed the "2005" string in the URL and then went back to blogger editor to try editing the permalink from 2005 to 2008 but since Blogger does not allow that (unless you delete the post/comments and republish a new post loosing all old comments), he had no choice but to publish the post without any edits.

Hence it is proved that Nick Szabo tried to deceive the non-techy internet community by tampering/altering his blog post timestamp to narrow down his connection with Bitcoin.

What Kept Nick Szabo Busy after 2009?

What is even more striking is that if you carefully monitor Nick's blog activity through the blog archives, you will notice that his post frequency decreased significantly from 2009 on wards when Bitcoin software was first released in Jan 2009.

Nick's blog archives from 2005-2018

► 2018 (1)
► 2017 (3)
► 2016 (4)
► 2015 (3)
► 2014 (3)
► 2013 (3)
► 2012 (8)
► 2011 (12)
► 2010 (9)

[————-What happened after 2009?—————-]
► 2009 (29)
► 2008 (55)
► 2007 (47)
► 2006 (130)
► 2005 (44)

He was posting over 40 posts per month from 2005 to 2008, but his activity decreased immensely from 2009 on wards when he posted just 29 posts. From 2010 to 2018, you can see he hardly managed time to write over 3 posts per month.

The big question is: "What kept Nick Szabo so busy after 2009 that he could not manage time to blog?"

Only one thing might have kept him busy:

Transforming bitcoin dream to a billion dollar crypto-industry could have been the only activity that kept Bitcoin's original writer busy from 2009 onwards to this date i.e. 2018.

Similarities Between Nick Szabo Whitepaper Vs. Bitcoin Whitepaper

I compared Nick Szabo's Secure Property Titles whitepaper with Bitcoin whitepaper and this is what I found out:

similarities between Nick Szabo whitepaper and Bitcoin whitepaper

  • Both Whitepapers start with a headline in Capitalized style and using "Times New Roman" font as the preferred font throughout the two documents.
  • Followed by copyrights info and author name.
  • What you see next is not a cover image, Index table or Table of Contents but plain text introduction (Abstract) in both papers.
  • The writing style, vocabulary pattern and choice of words match a lot.
  • You can easily feel the same rhythmic tone in introductory paragraph of both papers.

Now lets analyze the headlines and reference section.

Writing analysis shows Nick Szabo wrote the Bitcoin Whitepaper

  • Both papers had simple 1-4 words Capitalized headlines
  • Words like to, of, and are written in lowercase
  • All headlines in both papers are written in "Times New Roman" font with weight 700.
  • The "Notes" section for citation has same heading of "References" for both papers with no use of colon. (Most papers prefer writing it as "References:")
  • I found extreme resemblance in choice of words and language fluency. It felt like the authors of both papers is One.

Throughout my life I have read different whitepapers released by Google, Facebook, Data scientists, Computer scientists but almost none has any resemblance to Bitcoin whitepaper or Nick Szabo's whitepaper which are both written in the same classical style and with almost same formatting.

Stylometric Analysis Proves Nick Szabo is Satoshi Nakamoto

In Dec 2013, an unknown blogger, who created a wordpress blog entitled "Like In a Mirror" analyzed the vocabulary patterns and speech patterns used in Bitcoin Whitepaper to compare them with writing materials of various cryptographers especially Nick Szabo, by running textual similarity metrics on several pages of their writing.

His analysis of the stylometric characteristics of the Satoshi whitepaper indicated a much stronger match for Nick Szabo compared to other cypherpunks, such as Wei Dai, Hal Finney, David Chaum or Adam Back.

He also emphasized that Bitcoin whitepaper indicates a match with Nick Szabo's writing tics, at a level that only has a one in a thousand chance to be a coincidence.

According to him:

"...what originally led me to this hypothesis is that reverse-searching for content similar to the Bitcoin whitepaper led me to Nick's blog, completely independently of any knowledge of the official Bitcoin story. I must stress this: an open, unbiased search of texts similar in writing to the Bitcoin whitepaper over the entire Internet, identifies Nick's bit gold articles as the best candidates."

Satoshi Nakamoto is (probably) Nick Szabo

Some of the major similarities he found are:

    • Repeated use of "of course" without isolating commas, contrary to convention ("the problem of course is")
    • Expression "can be characterized", frequent in Nick's blog (found in 1% of crypto papers)
    • Use of "for our purposes" when describing hypotheses (found in 1.5% of crypto papers)
    • Starting sentences with "It should be noted"(found in 5.25% of crypto papers)
    • Use of "preclude" (found in 1.5% of crypto papers)
    • Expression "a level of " + noun ("achieves a level of privacy by…") as a standalone qualifier
    • Expression "timestamp server", central in the Bitcoin paper, used in Nick's blog as early as January 2006
    • Repeated use of expression "trusted third party"
    • Expressions "cryptographic proof" and "digital signatures"
    • Repeated use of "timestamp" as a verb

He also took writing samples of other researchers involved with cryptocurrencies, such as Wei Dai, Hal Finney, David Chaum and Adam Back and ran several speech pattern recognition tests.

The writing samples were from 5k to 40k word long. He then computed histograms of word length frequency and character frequency, and compared them with that of the original Satoshi whitepaper.

His results were shocking as they showed a much stronger match between Bitcoin whitepaper and Nick Szabo's text patterns.

Please note that units are arbitrary (smaller scores mean closer histograms).

Word length distribution

  1. Diff Nick Szabo / Bitcoin: 0.160
  2. Diff Wei Dai / Bitcoin: 0.241
  3. Diff David Chaum / Bitcoin: 0.257
  4. Diff Adam Back / Bitcoin: 0.337
  5. Diff Hal Finney / Bitcoin: 0.510

Character frequency distribution

  1. Diff Nick Szabo / Bitcoin: 0.191
  2. Diff Wei Dai / Bitcoin: 0.208
  3. Diff David Chaum / Bitcoin: 0.228
  4. Diff Hal Finney / Bitcoin: 0.284
  5. Diff Adam Back / Bitcoin: 0.342
He thus proved that Nick Szabo's writing matches the Bitcoin whitepaper, not only in the vocabulary pattern, writing style, but also on hard-to-fabricate style metrics.

Another stylometric analysis was carried out by a Data scientist by the name "Michael Chon", who ran tests in two parts to find out which author(s) in the tests are linguistically and semantically similar to Satoshi Nakamoto.

Even according to Michael Chon, Nick Szabo is the best candidate who is linguistically similar to Satoshi's Bitcoin paper and email texts.

In 2014, a study, entitled 'Project Bitcoin', was undertaken in England by a team of 40 final-year forensic linguistics students led by Lecturer Dr Jack Grieve at Aston University.

It compared the linguistic similarities of Bitcoin whitepaper with writing texts of eleven candidates who are often suspected to be writers of the Bitcoin whitepaper: Dorian S. Nakamoto, Vili Lehdonvirta, Michael Clear, Shinichi Mochizuki, Gavin Andresen, Nick Szabo, Jed McCaleb, Dustin D. Trammel, Hal Finney, Wei Dai, and Neal King, Vladimir Oksman & Charles Bry.

According to Dr Jack Grieve:

Notice just like many web pages which are deleted, the following Aston university page also no more exists but fortunately I could extract the contents of the page using Internet archives here.

"The number of linguistic similarities between Szabo's writing and the Bitcoin paper is uncanny, none of the other possible authors were anywhere near as good of a match. We are pretty confident that out of the list of people regularly referred to as possibilities, Nick Szabo is the main author of the paper, though we can't rule out the possibility that others contributed."

"Our study adds to the weight of evidence pointing towards Nick Szabo. The case looks pretty clear-cut. Szabo is an expert in law, finance, cryptography and computer science. He created 'bit gold', a precursor to Bitcoin, and was looking for collaborators in 2008. Did Nick Szabo create Bitcoin? We're not sure, but we think he probably wrote the paper so it's certainly worth a closer look."

Nick Szabo is undoubtedly the mastermind who hides behind the pseudonym of "Nakamoto Satoshi". He invented Bitcoin and made peer-to-peer electronic cash system a reality with his years of research in the fields of legal laws, origins of money, technology and dedication to cryptology.

Nick Szabo Never Protested Against Satoshi Nakamoto

As a blogger, if someone violates our copyrights without taking our permission or without crediting us, we miss no opportunity to reach that violator, requesting him to either remove the content or face the DMCA take down or any other legal penalty.

Imagine a polymath who has dedicated all his life (Since 1998) to create a decentralized digital currency is completely silent on no mention of his name in the Bitcoin whitepaper and who abandons all his research on Bitgold software (which is the direct precursor to the Bitcoin architecture) after Bitcoin whitepaper is published. Weird Isn't it?

In Bitcoin whitepaper's reference section, Satoshi Nakamoto mentioned Wei Dai's b-money, as well as Adam Back's hashcash, while none of them seem like a direct inspiration to Bitcoin. Surprisingly, Satoshi made no mention of Nick Szabo's bitgold at all, which is the original formula behind bitcoin protocol.

If Satoshi Nakamoto had not been Nick Szabo, he would have surely given all due credits to Nick Szabo as per good scientific etiquettes.

Do you know what is more surprising? Nick showed almost no public reaction to this mistreatment by Satoshi. Instead he post-dated all public mentions of his bitgold research in order to appear posterior to the Bitcoin announcement date of Oct 31st 2008.

Furthermore the Bitcoin whitepaper was published on the cryptography mailing list, which Nick Szabo was very familiar with and had been actively participating in. For a man who was so actively involved with cryptography and was looking for ways to create a software for his bitgold idea, Nick remained silent for almost three years after Bitcoin was released and spoke for the first time about Bitcoin on his blog in May 2011! Funny isn't it?

This utter silence and not even protesting against a person who had stolen your entire idea without even giving you due credits, only prove one thing: Satoshi Nakamoto is the Pen Name Of Nick Szabo. Bitcoin is a practical implementation of Bitgold by none other but Nick Szabo.

When Did Satoshi Mention Nick Szabo For The First Time?

After having realized that he made a big mistake by not mentioning Bitgold in the reference section of the bitcoin whitepaper, and that all fingers are now pointing straight at him, Nick Szabo made another mistake..

It took me hours to get to this extremely precious forum post on bitcoin official forum where Satoshi Nakamoto (Szabo Nick) finally confessed publically that Bitcoin is an implementation of Nick Szabo's Bitgold proposal! :)

Satoshi Nakamoto mentioning Nick Szabo for the first time

It took Nick Szabo two years to realize that not mentioning Bitgold in his Bitcoin whitepaper was a blunder and in order to divert the attention of the crypto-community, he mentioned bitgold on official bitcoin forum under his pen name Satoshi. This mistake strengthen everyone's doubts that Satoshi is none other than Nick Szabo himself.

The harder you beat a drum, the harder the noise.

"I Designed Bitcoin.." Says Nick Szabo in a Tongue Slip

Near June 4, 2017, Nick Szabo was interviewed by Tim Ferriss on "The Tim Ferriss Show". This interview was a two and half hour long podcast conversation between Tim Ferris, Naval Ravikant and Nick Szabo.

Nick Szabo said he designed bitcoin in Tim Ferriss show

I spent an entire night listening to this 2.5 hours long conversation and what I found are pieces of interesting information that will further help the internet community to decode the Satoshi mystery which is already 99.9% unlocked in this chapter of our research.

Before going any further let me first introduce Tim Ferriss to readers who might not know him a lot.

According to wikipedia:

Ferriss has been called the "Oprah of Audio" due to the influence and reach of his podcast "The Tim Ferriss Show" which as of 2016 had over 80 million downloads. It covers topics ranging from personal and character development, to exercise routines, acting, venture capital and metaphysics.

The show was voted "Best Podcast Episode of 2015" by users of Product Hunt in their "Golden Kitty Awards.

The New York Times listed Ferriss among their "Notable Angel Investors" while CNN said he was "one of the planet's leading angel investors in technology". Wired called Ferriss "The Superman of Silicon Valley"

I hope you may now understand the importance of this podcast interview. Also note that this interview was intentionally organized as an attempt to promote Bitcoin (Cashless Currency) to millions of non-techy listeners.

The Interview included the following core questions:

    • What is Bitcoin, what are cryptocurrencies, and what problem do they solve?
    • What is "social scalability?"
    • What is Ethereum and what makes it unique? Strengths and weaknesses?
    • How will smart contracts actually get adopted or go mainstream?
    • What are ICOs (Initial Coin Offerings)?
    • Blockchain governance — is there any existential risk?
    • "Wet" versus "dry" code
    • Pascal's scams
    • Quantum thought
    • What fields will you be working on in the future?

In this entire 2.5 hours long interview Tim Ferriss never asked Nick once if he was Satoshi Nakamoto or why Satoshi has not given credits to Bitgold. The interview seemed like it was mutually decided that no such question will be asked that may further draw public attention towards Nick Szabo.

It felt like they didn't want the listeners to know that they were actually listening to the man who invented bitcoin.

]Hear it to believe it, how a deep memory hard coded in a human's mind can slip off so easily via the tongue despite a human's best efforts to camouflage the truth.


[1:35:25] Naval Ravikant : and and so Nick, I know you don't want to get into the middle of the politics of it, but just from a pure computer science perspective - like if you were designing, you know, you were re-designing a Bitgold today, and you wanted to incorporate some of these learnings, where would you fall-in on? Would you go for larger blocks? Would you go for a second layer?

[1:35:40] Nick Szabo: Oh no, I'd definitely go for a second layer, I mean I designed Bitcoi... gold with two layers becoz...

[Nick pauses, realizing the mistake he just made and Ferriss jumps in quickly to cover him]

[1:35:45] Tim Ferriss: And can you explain, just - I must have lost something - just what that second layer is, one more time?

Podcast Transcript from "The Tim Ferriss Show"

No one understands Bitcoin and its problems more than the original creator. This is one reason when Tim Ferriss asked Nick if he would go for two layers and out of curiosity he abruptly replied: "I'd definitely go for a second layer" and then since Bitcoin was hard coded in his memory, he made a serious mistake of a tongue slip and he paused by saying: " I designed Bitcoi... gold with two layers becoz... "

Critics will say: "Oh come on that was just a slip of a tongue and it happens with everyone"

Indeed tongue slip is a common mistake but carefully listen to the flow of conversation (click the audio button again). Nick took a brief pause showing his nervousness and loss of control over his words.

Suppose If he was not the original creator of Bitcoin, he could have just laughed and said "Oh I am sorry, I meant Bitgold not Bitcoin..." and people would have considered it as a normal tongue slip mistake but he got so much nervous when the word "I designed Bitcoi.." came out of his mind that he quickly uttered "..gold" as if his mind had instantly detected the blunder and told him to stop immediately and correct himself.

Also note that Naval Ravikant had full knowledge of cryptocurrencies and especially how bitcoin works. He is the person who actually invited Nick Szabo to Tim Ferriss show. This means Naval knew clearly the rumors revolving around Nick Szabo as a probable creator of Bitcoin. But Naval Ravikant remained quite throughout the program on this aspect of Nick Szabo's profile and didn't react at all (though he enjoyed interrupting Nick often..) when Nick made the tongue slip.

The two layers question is quite technical to be discussed in a podcast and Naval intentionally asked this question from Nick by saying: "..if..you were re-designing a bitgold today" in order to broadcast the Satoshi version of the solution to the ongoing Bitcoin scalability problem. Naval knew quite clearly who he was talking to.

Note that the original creator of Bitcoin would never support a hard fork or splitting of bitcoin through larger blocks, instead he would prefer a two layer network as Nick Szabo supported in this conversation.

The biggest issue with respect to Bitcoin is high number of unconfirmed transactions waiting in queue and high transaction fees due to a limited block size. This bottleneck is called the Bitcoin scalability problem and the only sensible solution according to Nick Szabo's interview to Tim Ferriss is peripheral or second-layer network on top of the bitcoin blockchain to settle smaller transactions more efficiently.

Nick was never a supporter of larger blocks (> 1 MB) and this is why he is not a fan of Roger ver who hard forked Bitcoin and created a whole new bitcoin out of thin air called the "Bitcoin Cash". Nick didn't liked Roger because that so called Bitcoin-Jesus hard forked (split) his original bitcoin into two separate cryptocurrencies.

This is another ugly aspect of cryptocurrencies that I have discussed in Chapter#2.

Just few days after this interview, Nick Szabo (Bitcoin creator) tweeted this which became breaking news  for many crypto news blogs.

Nick Szabo tweet on premium global blockchain

The level of attention Nick Szabo (Nakamoto Satoshi) receives within seconds is another proof of his hidden authority in crypto-world. Such respect and say in the bitcoin community is enjoyed by none other than Nick Szabo.

Meet Nick Szabo: The Silent Genius Who Created Bitcoin – CHAPTER[1.6]

Posted: 12 Jun 2018 09:00 AM PDT

If you read the white paper released by Satoshi on 31st Oct 2008 to Metzdowd.com cryptography mailing list or his 575 forum posts at bitcointalk.org, you will observe that his written style has the flawless, fluent and idiomatic rhyme of a native English speaker. Which proves that, Satoshi was not Japanese at all but someone living among native English speakers.

Satoshi Nakamoto is for sure not Japanese but in fact of Hungarian descent and his true name is Nick Szabo.

NaKamoto SAtOshiNicK SzAbO

Nick Szabo Created Bitcoin in 2005 by rebranding Bitgold to Bitcoin

Note: How did Nick Szabo came up with this fictitious name and how is Nick related to Hal Finney. We will discuss later in this chapter. Keep reading as we unfold this mystery sequentially.

Nick Szabo is a polymath and a genius in short. He is a computer scientist, legal scholar, and extra ordinary cryptographer. Nick is best known for his pioneering research in smart contracts and cryptocurrency. His revolutionary Smart contracts are the building blocks of cryptocurrency and the programming language E.

Smart contracts is the second big thing Nick is working on after having successfully implemented his concept of Bitcoin or Bitgold.

Smart contracts will make traditional contract laws decentralized, through which two strangers will be able to sign commerce or legal agreements online without the need for an intermediary to act as a law firm. Exactly similar to how two strangers can send and receive bitcoin transactions without needing an intermediary to act as a bank.

In future through smart contracts you will be able to do more things with cryptocurrencies. For example you will be able to send Bitcoins automatically to a service provider after he fulfills all the requirements of the contract which was signed by both of you. (i.e. online decentralized agreement stored on ethereum blockchain).

In an Ethereum Developer Conference, Nick Szabo presented a historical course to Ethereum smart contracts which can literally replace an army of lawyers and accountants if Ethereum is deployed across the globe for automating law and accountancy corporations.

Today Ethereum is in short the operating system platform on top of which you can code and design any decentralized app (DApp) or any new cryptocurrency that you want. It is the engine that powers all Initial Coin Offering (ICO) campaigns (cryptocurrency crowd funding).

Anyone who believes Ethereum is an idea of a 24 year old Russian-Canadian programmer by the name Vitalik Buterin is brainwashed by the same bogus fairy tale story which tells a non-techy that Bitcoin is invented by a Japanese Jesus-like Messiah called Satoshi Nakamoto.
Both Bitcoin and Ethereum [Original unedited Ethereum whitepaper published by Vitalik under Nick Szabo's supervision back in in Dec 2013] whitepapers have no mention of Nick Szabo while both these technologies are based on the concept of Bitgold [Source] and Smart Contracts [Source] respectively, which are protocols designed, conceptualized and coded by Nick Szabo during 1997-2005.

I will explain in Chapter#2 why Vitalik does not qualify to be called the Ethereum founder and why he is just a stage actor like the pseudonym used for Bitcoin. I will also explain how this teenager who was badly in need of money was picked to lead this new million dollar venture. You will learn a lot there about this Japanese-Russian Drama.

Vitalik Buterin is not the actual creator of Ethereum. It's Nick Szabo' working behind the mask.

Saying that Ethereum was designed and coded by Vitalik (who could barely afford to create a portfolio website) is same as saying that the biggest platform for decentralized apps & smart contracts is invented by a 19 year old teenager in 2013:

Vitalik Buterin mentioning Nick Szabo in his tweet

Nick Szabo often corrects Vitalik when he goes wrong and often reminds him of who the real boss is and who leads Ethereum network. I found an interesting tweet on Nick Szabo's profile. Read the tweet below to see it for yourself:

Nick Szabo telling Vitalik who the real boss is

The above tweet is a perfect example to prove the exact role of Vitalik in Ethereum network which is nothing more than an employee hired for a job. While legal and accounting decisions are always dictated by the employer. Which for both Bitcoin and Ethereum is none but Nick Szabo himself.

To further prove who is the mastermind behind the Ethereum's code why don't you give a look at the denominations of Ether currency.

Look carefully at Ether's denominations written as JSON name/value pairs inside unitMap and see it for yourself what is hard coded deep inside the heart of Ether.

var unitMap = {      'wei':          '1',      'kwei':         '1000',      'ada':          '1000',      'femtoether':   '1000',      'mwei':         '1000000',      'babbage':      '1000000',      'picoether':    '1000000',      'gwei':         '1000000000',      'shannon':      '1000000000',      'nanoether':    '1000000000',      'nano':         '1000000000',      'szabo':        '1000000000000',      'microether':   '1000000000000',      'micro':        '1000000000000',      'finney':       '1000000000000000',      'milliether':   '1000000000000000',      'milli':        '1000000000000000',      'ether':        '1000000000000000000',      'kether':       '1000000000000000000000',      'grand':        '1000000000000000000000',      'einstein':     '1000000000000000000000',      'mether':       '1000000000000000000000000',      'gether':       '1000000000000000000000000000',      'tether':       '1000000000000000000000000000000'  };

Note the highlighted names above and go back and read Nick Szabo's 2011 blog post on bitcoin when he mentions his closest friendly circle of the cypherpunks team:

Myself, Wei Dai, and Hal Finney were the only people I know of who liked the idea enough to pursue it to any significant extent until Nakamoto. [Source]

Did you notice something else?

We are being told that Ethereum is coded by Vitalik along with some other programmers. Vitalik and his friends mentioned almost every cryptographer in ether denominations but he didn't mention Nakamoto? I think it was Nakamoto who created Bitcoin (according to the crypto enthusiasts and their masters) and who inspired Vitalik to build an OS platform for Bitcoin called Ethereum.

How come he forgot mentioning his mentor? Although there were plenty of denominations(name/value pairs) to be allocated as tribute to Nakamoto. Funny he mentioned Wei Dai four times but didn't mention Satoshi Nakamoto even once anywhere.

Why? Simple answer: Why mention a pseudonym when you can directly mention the original name of the Bitcoin creator as Ether denomination i.e. Nick Szabo.

Vitalik did that just beautifully by mentioning his mentor Nick Szabo and also Nick's University friend Wei Dai and his Cypherpunk friend Hal Finney.

The tribute to cypherpunks is given in ascending order of ether denominations as metric prefixes as shown below:

Smallest Unit – 100wei

kilo – 103kwei

mega – 106mwei

giga – 109gwei

tera – 1012szabo

peta – 1015finney

When asked why did he choose such denominations, Vitalik replied on a ethereum stackexchange forum arguing:

I would say as a matter of style, stick to using wei, shannon, finney and ether. Ether = main unit. Finney = for micropayments. Shannon = for gas prices. Wei = for discussion around APIs and other use cases where you need to talk about the underlying unit.

https://en.wikipedia.org/wiki/Hal_Finney_%28computer_scientist%29
https://en.wikipedia.org/wiki/Nick_Szabo
https://en.wikipedia.org/wiki/Claude_Shannon
https://en.wikipedia.org/wiki/Charles_Babbage
https://en.wikipedia.org/wiki/Ada_Lovelace
https://en.bitcoin.it/wiki/Wei_Dai

The names aren't all meant to be used at the same time; the goal of specifying suggestions for all of them was to have some schelling point on what to use for smaller denominations so that people could easily talk about varying quantities of ether regardless of whether the ETH price was $0.01, $10 or $100,000. In Bitcoin, the community is finding it hard to agree on a smaller denomination (though I suspect that the choice of 10^8 as the base denomination instead of something 10^3n also wasn't helpful), and so we see people talking about 0.0037 BTC, etc all the time; this was what I wanted to avoid. "Millibitcoin" is hard to pronounce in a way that "finney" isn't (also, do you reallywant to tell a cashier at a bank that you want to purchase "five hundred mETH"?).

Again Vitalik skipped discussing why he used szabo.. He only discussed wei, finney and shannon. According to Vitalik's logic it is difficult to pronounce kilo but easy to pronounce kwei, difficult to say peta but easy to say finney and difficult to pronounce tera but easy to say szabo.. Really Vitalik?

Anyone who has completed his basic schooling would know what kilo, mega or giga means because it is a standard matrix prefix used in mathematics widely but to understand what zabo means, they will need to Google first!

If all this evidence of who actually created Bitcoin and Ethereum still sounds nonsense to you than you can continue celebrating this young kid as the 21st century Einstein whose name must be printed in Guinness book of world records...
Nothing impressed me more than his Google Blogger blog entitled as Unenumerated and I will tell you why in a short while.

If your read his articles on his blog or hear his podcasts, you will clearly observe that only a man with IQ 160 could sound such.

You will hardly find his image online with his family or friends. Not even wikipedia has his photo of how he looks like. His blog and social media accounts have no pictures of him. The conferences he attends are private or never made public. The companies he joins, don't share his information with anyone (eg:- Vaurum). The images if any you find online of Nick Szabo before 2015 are leaked images.

From May 15, 2015 onwards (when New York Times first mentioned Nick Szabo as the most possible creator of Bitcoin, although even they didn't share his pictures...) his images and interviews are now coming frequently after people started questioning him if he is the bitcoin creator. Although he always preferred staying under the shadows.

As a computer programmer myself and as a student of further mathematics and developer of Google hosted Blogger blogs for the past 10 years, I am 101% sure that the only man capable of coding and crafting Bitcoin protocol is none other than Nick Szabo.

Why Nick Szabo Used a Japanese Pseudonym?

Pseudonym is defined as a fictitious name or pen name, especially one used by an author. Many best selling authors have used pseudonyms to mask their real identities.

Popular examples include British novelist, J.K. Rowling, who used a male pseudonym of Robert Galbraith to write the famous crime fiction novel "The Cuckoo's Calling" in 2013. She was later exposed to have betrayed her honest readers but surprisingly instead of her sales going down, the sales skyrocketed!

Why did Bitcoin creator use a Japanese Pseudonym

This is enough proof to say that the world today loves imaginary characters more than real characters.

Another popular example is that of Erika Leonard who used the Pen name: E L James to author the novel: "Fifty Shades of Grey"

NicK SzAbO who used the pseudonym of SAtOshi NaKamoto and authored several interesting blog posts on history, economics, technology and law is no exception. There could have been no better pen name for the author of Bitcoin whitepaper than this Japanese pseudonym that translates perfectly to its original creator.

NaKamoto SAtOshiNicK SzAbO

Now coming to the question that how did Nick Szabo get an idea to use this Japanese name as his pseudonym?

Hal Finney was Nick Szabo's Closest Friend Since 1993. Hal finney was the same man who received the first Bitcoin transaction from Satoshi and who helped Satoshi in coding the Bitcoin Software before releasing it officially in 2008.

In a cypherpunk's email log on "Cypherpunk trends & visions", Nick Szabo expressed his wish-list. Creating a digital cash was amongst his priorities in the wish-list. Which is a clear evidence that Nick was working on a decentralized digital currency since 1993.

Nick said that his own vision of cypherpunks evolution runs along the following
lines.

Digital cash: accumulating credits/debits for use of on-line
services (including travel services, concert tickets, etc.
purchased on-line), eventually paid for by some "real" currency:
FRNs, yen, etc. Implemented with Chaum-style protocol to prevent
forgery
and assure privacy.

Among the cypherpunks team members, Hal Finney was the only one who replied instantly the same day (Sun, 15 Aug 93) to his email and openly expressed his support for a Digital Cash. Finney replied:

"I have a shorter-term focus than Nick's proposals for digital coupons
and cash. Here's what would be on my cypherpunks wish list:"
...
...

"Digital cash: We badly need some implementation to start playing with;
some net-based game which uses the digital cash. Digital postage
stamps for the remailers."

Thus the only man who was extremely close to both Satoshi Nakamoto and Nick Szabo was Hal Finney. Which makes it quite obvious that Satoshi and Szabo are not two different people but a single man whose original name is Nick Szabo...

Relax! We have tones of more evidence to prove it more strongly as you continue reading this article.

If you read the full contents of the above emails by following the links, you will realize that Nick Szabo also lived in California (he attended several Silly Valley Cypherpunks meetings) where Hal Finney and Dorian Nakamoto also lived.

Since Dorian Prentice Satoshi Nakamoto lived just two blocks away from Hal Finney's home in San Bernadino, California, the last two words of Dorian's name might have looked too interesting to Nick Szabo as it sounded like a good pen name which perfectly matched the starting letters of his name. (i.e. N & S).

Satoshi Nakamoto translated just perfectly to Szabo Nick and vice versa.

Thus Nick took it as a great idea to use this fictitious name in the Bitcoin Whitepaper and all his electronic accounts to divert the attention of all crypto-community towards Japan so that he could remain camouflaged behind this name to avoid getting exposed.

Through all this evidence that I have shared so far and much to come ahead, it is crystal-clear that Satoshi was none other than Szabo, a polymath wearing the mask of a Japanese pseudonym.

Who Actually Created Bitcoin and Who Did not? – CHAPTER[1.5]

Posted: 12 Jun 2018 08:58 AM PDT

Imagine the most popular digital currency, which is advertised through celebrities like Richard Branson, Paris Hilton, Floyd Mayweather, Mike Tyson, Corporate giants like Sheila Bair, Cyber Security legends like John McAfee, TV channels like Bloomberg, platforms like TED Talks and having a net worth of $115 billion dollars as of June 6th, 2018, has an unknown inventor!

The so-called Japanese creator of Bitcoin who mysteriously disappeared in 2010, has the official name, "Satoshi Nakamoto". He is more like a Jesus-like character for bitcoin community who came from nowhere to "help the humanity against central banks" and gift everyone with a decentralized monetary system owned by none and controlled by none. Surprisingly everyone believes blindly in this fairy tale.

Bitcoin official website says, that inquiring about who was the inventor of bitcoins is same like if you are asking who invented the paper.

As such, the identity of Bitcoin's inventor is probably as relevant today as the identity of the person who invented paper.bitcoin.org

They make it look so simple so that the bitcoin users may use the same baseless and illogical statements to discredit anyone who asks who was "Satoshi Nakamoto".

Bitcoin lollipop logic - Bitcoin is Scam

If an unknown man comes out of nowhere and offers you to lick a lollipop, will you start licking it? Of course not! You will try your best to first identify this man.

On contrary the top bitcoin developer team asks everyone not to question who this lollipop man is and just keep licking.. I call it the Bitcoin lollipop logic.

By licking I meant mining and trading of worthless computer bits. By lollipop I refer to Bitcoin and by lollipop man I refer Satoshi Nakamoto.

According to bitcoin community, this lollipop man almost single handedly laid the foundation for the first practical implementation of decentralized blockchain technology, that has taken everyone by surprise worldwide.

Lots of stories revolve around the fairy tale of this mysterious character but none of the stories has enough evidence to prove who exactly is this man.

For the first time online, we are sharing the most comprehensive and detailed research to expose the real identity of Satoshi Nakamoto, along with his rarely seen leaked pictures, public podcasts and videos.

We will also expose the secret security agencies and organizations who funded his research and are responsible for world wide promotion of Bitcoin.

It's time to end the hunt for Bitcoin creator who has tried his best to remain camouflaged behind the pseudonym: Satoshi Nakamoto.

What does "Satoshi Nakamoto" Means in Japanese?

According to popular yet funny theories, SATOSHI NAKAMOTO could be sly portmanteau of four corporate tech companies: SAmsung, TOSHIba, NAKAmichi, and MOTOrola.

Sounds funny? Indeed it does! because this is how the elites spread deception to keep people confused.

According to some other strange yet interesting theories:

"Nakamoto SAtoshi" in Japanese means "Central Intelligence"

Satoshi is usually a name given for baby boys which means "intelligent, clever, wise" while Nakamoto is a Japanese surname which means 'central origin' or '(one who lives) in the middle' . Combining Nakamoto and Satoshi can be loosely interpreted as "Central Intelligence".

In Japanese, the surname comes before the given name. Thus, a person with surname Yamamoto and given name Sanae is referred to as Yamamoto Sanae. In the name order of English, this would be "Sanae Yamamoto".

sci.lang.japan

The Bitcoin creators might have purposely used the word Nakamoto which is often used as surname by many Japanese people. Because of this tactic anyone with this surname can be doubted to be Satoshi Nakamoto and this doubt only helps Elite's plan of buying more time to keep people confused and busy while they continue crafting bigger plans.

People Who Claimed To Be Satoshi Nakamoto Are All Paid Actors

Some people in the past claimed to be Satoshi Nakamoto but they all clearly seemed to be paid actors except one innocent man by the name Dorian Nakamoto who was trapped by Bitcoin creator into this mess.

On 14th March, 2014, NewsWeek published an article where one such man who was doubted to be Satoshi Nakamoto, was a 64 year old Japanese American by the name Dorian Prentice Satoshi Nakamoto.

Dorian was suspected to have a libertarian mindset, a background in military engineering, and a love of model trains. He lived in San Bernadino, California, almost 2 blocks away from Hal Finney's(first person to receive bitcoin transaction and who was in direct contact with Satoshi Nakamoto) home and in the same city where Bitcoin creator(will disclose his original name in a short while) attended Silly Valley cypherpunks meetings.

Dorian was undoubtedly staged into this mess by Finney and Bitcoin creator as you will discover later in this article.

This poor man's life was completely disturbed thanks to allegations and criminal law suits.

Dorian's personal identity was used as pseudonym by the Bitcoin creator in order to hide online exploits.

After Dorian's drama ended, in order to keep media distracted, bitcoin evangelist Andreas Antonopoulos raised over 67 BTC (worth $32,000 at that time) for this Japanese-American as a thanksgiving and was requested not to cash out those coins for three years so that people may not loose trust in BTC. Interesting compensation!

Dorian now enjoys media limelight and is treated no less than a celebrity.

You know what's more surprising?
This guy just sold out his 67 BTC coins in June 2017, making him $273,000 richer. This news has further shaken the confidence into Bitcoin saga. How long can such crypto currency survive when even people like Dorian has no trust left on it and quickly emptied his digital wallet showing a clear sign of a bubble burst.

In 2016 another funny character came forward and claimed to be Satoshi Nakamoto. Australian entrepreneur Craig Wright gave interview to BBC News in May 2016 and publicly identified himself as Bitcoin creator. If you watch his interview below, you will clearly notice that he is nothing more than a bad actor. I wonder how much the agency and core development team of Bitcoin headed by Satoshi paid him to make such bogus claims.

A programmer is easily identified by the level of intellect (IQ) in his verbal speech but this guy looked nothing more than a good story teller through his verbal expressions, poor eye contact and nervousness in body language. His bold statements conflict themselves.

I wonder how hard it would be for the real Satoshi to show those One Million BTC owned by him or prove ownership of Satoshi's old electronic accounts or the best would be to make a signature from the first Bitcoin block (Genesis Block) and put the signature out in public rather playing around words like this paid actor.

Craig Wright is probably paid by Gavin Andresen (I will expose him shortly) through the real Satoshi to spread deception and keep mainstream media distracted.

Wait... make sure Craig Wright does not show you those 1.1 Million BTC that he is accused of stealing from a disabled man: Dave Kleman!

Ira Kleiman — acting on behalf of the estate of his brother Dave Kleiman — has sued Wright for more than $10 billion, alleging that Wright stole as much as 1.1 million BTC — worth $10.2 billion at the time the lawsuit was filed — belonging to one of the forensic computer investigator's companies following his death in 2013.

Before you watch this video also know that Ethereum co-founder, Vitalik Buterin called out Craig Wright as "Fraud" at a two-day Deconomy 2018 conference in Seoul!

Want to know how the real Satoshi Nakamoto sounds and looks like? How a real programmer talks and appear in public? Stay tuned as we disclose that genius in a short while.

These were the internet stories shared by people online to give a justification of who Satoshi is. Now kindly sit back and relax to read the most comprehensive research done on our side in the next chapter to unveil the man behind the mask.

Why Banking Elite Hates Gold Standard But Loves Fiat? – CHAPTER[1.3]

Posted: 12 Jun 2018 08:56 AM PDT

Why banking elite hates gold standard - Bitcoin Is Scam

Because Gold can't be corrupted (distorted) or created (counterfeited). A monetary system based on Gold will bring economic stability through a free and fair market and just circulation of wealth.

The banking elite succeeded because they changed the very definition of money and convinced the public in believing that commerce depends "more on psychology than physical attributes". In other words this wrong and bogus ideology laid the foundation to a corrupt monetary system.

They are using the exact same logic this time to legalize the use of fiat digital currencies this time. Precious metals were replaced by tangible paper currency and this time it will be replaced by intangible electronic currency.

Its funny when you see crypto-enthusiasts saying, no one can take Bitcoin away! No one can stop bitcoin. Really?

They need to read the monetary history and discover how people were forced in 1933 to submit all gold to the U.S Federal reserve bank and redeem it for paper. Those who didn't listen had to face 10 years imprisonment and with an extra doze of financial penalties.

The banking elite hates Gold so much that in 1933, Federal Reserve suspended gold convertibly and made it illegal for U.S citizens to own gold or trade in gold. Strict penalties were imposed on those who didn't obey.

I wonder how come bitcoin holders are so confident that their worthless bits can't be snatched by force by the very elite who funded it?

To understand how we have been fooled with a bogus and fraudulent monetary system for over a century, you need to first educate yourselves with the basic difference between money vs. currency that is never taught in schools or universities and which is the primary reason why thousands of youngsters are falling a prey to worthless crypto-currencies.

Money Vs. Currency Major Difference

Money is a store of value and maintain its purchasing power over long periods of time. Example: Gold/Silver

Gold as a perfect store of value - money vs currency difference

Currency is not a store of value and looses its purchasing power drastically over short periods of time. Example: U.S Dollar

Value of US dollar in terms of Gold 1795-2005

Money is the trading tool that stores the economic energy that is your time and freedom, whereas currencies leak them away.

Your true wealth is your 'Time' and 'Freedom'. It is your economic energy that you can store inside a commodity (such as Gold/Silver) and use it whenever you want. But the whole world has been turned away from real money and has been fooled into using currency (bogus money), a deceitful imposter that is silently stealing away your two most important assets i.e. your Time and Freedom.

National currency is only a tool used by the government financial sector to leach away your time and freedom by stealing your purchasing power rather than storing your economic energy. Paper currencies leak in value over time thus causing inflation.

Dollar has lost 96% of its purchasing power since the start of federal reserve in 1913. The price of things does not change, its actually the purchasing power of your paper notes that loose their value.

Decline in purchasing power of dollar 1970-2010 - Bitcoin Is Scam

Wages don't increase instantly with rising prices thus giving rise to a chaotic situation like French revolution and Egyptian uprising. To pay their expenses, people take debts and those debts are lended with interest, that they die paying all their lives.

US dollar lost 96% of its value since 1913 - Bitcoin Is Scam

Before 1933, a classical gold standard was implemented as a monetary policy

In 1933, 1 oz Gold = $20

But soon gold coins ceased to be minted as a circulating currency in the 1930s, and the world gold standard was abandoned for a freely floating fiat currency system in 1971 by U.S President Nixon.

Nixon deserved to be hanged by humanity for cheating the whole of world (Watch Why). But these elite so smartly fooled the world through lies and diplomacy that we are all suffering from the consequences of inflation ever since.

Today 1 oz of Gold = $1,239

Which means: U.S Dollar has fallen by over 98% in value compared to Gold - 98% of your wealth is stolen from you and it got transferred in the hands of the elite.

You know how it effected human life? It caused artificial inflation (rise in price of goods/services) which gave rise to:

  • poverty,
  • civil wars
  • and millions of deaths due to hunger and thirst.

The graph below looks almost the same for all countries. Inflation in USA causes inflation in the rest of the world. Because all paper currencies today, are backed by the worthless U.S dollar.

Consumer price index U.S.A 1775-2012

Why Did Nixon Abolish Gold Standard?

Nixon Abolished Gold Standard  - Bitcoin Is Scam

Because USA was caught red handed doing cheating!

After world war 2, in 1944, United States gathered all the world nations and signed the Bretton Woods agreement(First greatest scam ever before cryptocurrencies). United States, which controlled two-thirds of the world's gold, insisted that the Bretton Woods system rest on both gold and the US dollar.

At this time it was agreed upon that 1 oz Gold = $35 and all currencies will follow this fixed exchange rate.

Everyone gave their gold to USA and in return took US dollars at an exchange rate of $35/oz.

Bretton Woods System 1945-1971 infographics - Bitcoin Is Scam

In layman terms, United states promised that it will print as much Dollar bills as much Gold it has in its vault. But later the world realized that USA was printing more paper than the actual amount of gold it had!

USA was cheating and lying to the world by printing more paper currency than their Gold reserves. Nations began to demand redemption of their dollars for gold.

Germany left the agreement in 1971. Switzerland redeemed $50 million in July. France acquired $191 million in gold. As the dollar dropped in value against European currencies, Switzerland also left the Bretton Woods system.

1959 - France call USA's bluff - Bitcoin Is Scam

Finally as the pressure began to intensify on the Cheater United States, they also left the Bretton Woods agreement.

In France, the Bretton Woods system was called "America's exorbitant privilege" as it resulted in an "asymmetric financial system" where non-US citizens "see themselves supporting American living standards and subsidizing American multinationals". — Wikipedia

Also read this interesting paragraph by Australian Aim Media Network :

The US has a long history of imposing its currency on the rest of the world, often by force. The Breton Woods pact of 1948 established the US dollar as the world reserve currency, backed by gold at $35 an ounce. By the 60s many countries began to panic, fearing that the US did not have enough gold reserves to back its currency, and decided to repatriate their gold. Fearing a total economic collapse, in 1971 Richard Nixon unpegged the USD from the gold standard, effectively hitching the global economy to a floating 'fiat' currency. At the same time deals were done with Middle East and North African countries to ensure that oil – by far the most important commodity of our age – would be sold exclusively in US dollars. This meant that in order to buy oil, other countries would need to hold reserves of US currency. Thus the primacy of the USD was secured in what would come to be known as the 'petrodollar'.

What is Fiat Currency?

Fiat currency could never have been embraced by world unless the elite had not convinced people into believing:

"Gold is bulky, old fashioned and is not compatible with modern day transactions!"

Money backed by nothing but only blind trust or faith is called fiat currency. Fiat in Latin means "Let it be done."

During Bretton wood, world currencies were backed by dollar and this dollar was backed by Gold.

world currencies backed by dollar - Bitcoin Is Scam

But after 1971 and till now it is backed by nothing tangible but a bogus trust/faith on government issuing the currency. Its a free floating fiat currency. World currencies now depend on dollar which is backed by nothing!

US dollar crash impacts in 2020 - Bitcoin Is Scam

Any effect on US Dollar supply indirectly also effects the other nations as well. They are all now tied up to this useless paper currency which is printed on will.

If the U.S government says that this worthless paper (Dollar bill) is money so it is! When federal reserve prints more dollars, it dilutes the value of other currencies because they are all backed by fiat dollar as the reserved currency. Printing more paper currency means inflation and thus a state of panic where a rich gets richer but poor gets poorer.

dollar lost 96% of its value since 1913 - Bitcoin Is Scam

China and Russia are hated by US because they have realized the scam of paper currency and are redeeming that useless paper back in Gold and asking USA to give them back their real Money (GOLD) by taking back the paper dollar.

China asking USA to give back its gold reserves - Bitcoin Is Scam

Nothing has caused more harm to humanity than a artificial monetary system led by few individuals with an ambition to control the masses and bring them under one common order. This dream of global domination has effected the world so badly that it is causing thousands of people to die because of thirst and hunger in under developed nations.

In Africa more than 40% of all children aged 5–14 labor for survival, or about 48 million children. Artificial poverty caused by the this bogus monetary system is considered as the primary cause of hunger and thirst in Africa. No matter how much they work hard, their wages do not increase but inflation (artificial rise in prices) keeps on increasing.

While on the other side, The world's need for dollars as reserve currency has allowed the US government as well as Americans to borrow at lower costs, granting them an advantage in excess of $100 billion per year!

People who live in a country that issues a reserve currency (US Dollar today) can purchase imports and borrow across borders more cheaply than people in other nations because they do not need to exchange their currency to do so.

wikipedia

That's how they fooled us all, with magic of mathematics and lies! They invented paper and this time they have a new product called cryptocurrency, a digital currency that you can't see or touch, which is far more horrible than fiat USD as you will discover shortly.

Abolish fiat currencies to end hunger in Africa - Bitcoin is scam

Africa has the second largest mineral industry in the world but they are facing poverty because they are selling all these rich resources such as gold, diamond, copper, Iron, aluminum, coal, oil, cement, steel and much more precious minerals for worthless paper currency that has no real value!

Introduction of cryptocurrencies will simply wipe out these poor people from the surface of the earth which is currently the biggest agenda of the elite. Because neither can these poor afford a smart phone or internet, nor do they have the basic tech know-how to understand this complex money structure and how on earth will they afford cellular charges?

What Happens When U.S Creates More Money Out Of thin air?

A bogus and fraudulent monetary system never survives longer than 30-40 years. When ever the US monetary system is on the verge of collapse, the elites hide behind the magic of Quantitative Easing to get rid of the growing financial crisis.

Quantitative easing in simple terms means easing the financial crisis (temporarily) by increasing the quantity of the currency in the market. i.e. Creating more worthless currency with a click of a button!

More currency supply in the market means, further leaking the purchasing power of the paper currency thus causing inflation. For those brainwashed by elite who think QE does not cause inflation, they may better search the internet or read this interesting article by Guardian - Must read the comments there!

Quantitative easing is done repeatedly like QE1 and QE2 and so on.... QE2 (Artificial inflation) caused the Arab spring and destroyed almost half of Middle east and North Africa in 2010. Arab spring happened because the price of food reached the critical point i.e. 40-60% increase.

quantitative easing 1995-2018

Inflation effects the most productive of the society i.e. the poor, because the poor have their savings in fiat currency which is just a tissue paper.

There is nothing economists hate more than a fiat currency. USA does not need nukes to destroy under developed nations, there fiat dollar is enough a weapon to destroy all of South Asia, Middle East and South Africa through quantitative easing.

Food price index during Arab spring - Bitcoin Is Scam

It happened during Arab Spring or French Revolution and this will happen again in the history of mankind because the coming US economic collapse won't only set USA on fireworks but it will impact all of the nations holding paper currencies. Want to see how horrible it is: just give a glance to the ever increasing national debt of USA:

US national Debt - Bitcoin Is Scam

The wisest of all nations who have already foreseen the collapse are China and Russia. The USA National debt has crossed 21 Trillion Dollars while the fact is that if you put all the Gold of the world in one place they will hardly cost more than 10 Trillion Dollars. Where did those extra 11 Trillion dollars came from? Of course they were created out of thin air!

Civil uprising and inflation helps to depopulate the earth, which is what the elite strives for so much in order to achieve their goal of global domination. This time the biggest victims will be US citizens themselves.

A human acts as a human with belly full but it wont take longer to turn him into an animal with hunger and thirst as seen in Arab spring 2008 and Great depression of 1930s.

The elites have already prepared the tool to reassemble the world under a new umbrella of one world currency. Once the Dollar collapse occurs, the elite will uncover their second greatest and fraudulent monetary system - The Electronic Currency also referred to as Digital Currency, Virtual Currency or Cryptocurrency.

Major Differences Between Gold Vs. Bitcoin Vs. Paper – CHAPTER[1.4]

Posted: 12 Jun 2018 08:56 AM PDT

Following are unique functions and properties of money vs. currency, that differentiates between gold, paper and Bitcoin.

Note: Remember that both paper currency like US Dollar and cryptocurrencies like bitcoin are fiat currencies backed by nothing.

Major differences between gold vs bitcoin vs paper currencies

FUNCTIONS & PROPERTIES GOLD BITCOIN PAPER
Medium Of Exchange
Unit Of Account
Durable
Fungible
Portable
Divisible
Tangible
Intrinsic Value*
Store Of Value*
Final Rating BEST WORST POOR

Watch the video below from the selected time frame to understand each of these properties more clearly using a video illustration:

Money Vs Currency Basic Differences

Gold came out as best candidate for money because of these reasons:

Gold has been used as money for many reasons. It is fungible (interchangeable), with a low spread between the prices to buy and sell. Gold is also easily transportable (portable), as it has a high value to weight ratio, compared to other commodities, such as silver. Gold can be re-coined, divided into smaller units, or re-melted into larger units such as gold bars, without destroying its metal value. The density of gold is higher than most other metals, making it difficult to pass counterfeits. Additionally, gold is extremely unreactive, hence it does not tarnish (durable) or corrode over time.

-- Wikipedia

Both gold and fiat currencies have almost all properties in common just like in the case of "Cowry shells" except for the most important two properties i.e. Intrinsic Value and Store of Value.

Having no Intrinsic value means that you can not use the currency for anything else except as a medium of exchange. You can't eat paper or bitcoins, you can't make tools using them, you can't use them for any industrial purpose.

Whereas you can use Gold in both IT, Jewelry and medical sectors as we have discussed already. Just for sarcasm sake and to shut the elite propaganda which tries to defame gold, gold can also be eaten as we have discussed earlier!

Bitcoin enthusiasts argue that, since millions of dollars are invested to mine bitcoins and expensive computer hardware and electric energy is used to solve the hash functions, every bitcoin created actually has a lot of worth!

True no doubt in it, but wait! Does acknowledging this, changes the fact that If I invest millions of dollars to buy cents for dollars (creating nothing out of something), are those cents better than dollars in true value? Of course not!

Without gold, bitcoin mining is not possible - Bitcoin is scam

Intrinsic value does not mean that crap served on a gold plated plate is now worth something, a crap remains a crap in its true physical or virtual form.

A currency has intrinsic value only when it can be used for multiple purposes other than just being used as a medium of exchange. Bitcoin can be used for nothing except partially as a medium of exchange. That's where the debate of whether Bitcoin has intrinsic value or not, simply ends!

For a money to act as a store of value, it must be able to be reliably saved, stored, and retrieved.

Having no store of value means that the currency does not maintain its true worth or value over a long periods of time, thus losing its purchasing power drastically.

If $200 could buy you a home computer (PC) twenty years ago, then the same $200 wont buy you even a mediocre smart phone in 2017. Because the fiat/bogus US dollar leaks its purchasing power every single year. But the same One oz of gold, twenty years back ($288 at that time and $1298 today), can buy you the same product even today! It will even save you a lot of money as savings. Around $700 as savings if you buy a quality home computer at $600 today!

That's the power of true money because it never looses its purchasing power. This is why ancient civilizations or todays great powers like China and Russia has always trusted Gold over the fraudulent paper dollar, for trade and commerce.

A bitcoin worth $3,000 today, could be worth $2,000 after a week due to its extreme rate of volatility. A Bitcoin can loose 20%-30% of its value within few days. Which is far worse than paper currencies where a one percent (%2) change in local exchange rate vs. US dollar, could simply crash the stock exchange and set the economy of the country on red alert.

Bitcoin is undoubtedly the worst kind of currency ever introduced that is hardly a store of value and whose foundation can shake with slightest media speculation.

Without the intrinsic value and store of value, every currency is a scam, a lie and a deceitful imposter that is silently stealing away your two most important assets i.e. your Time & Freedom.

This is how US dollar has betrayed us for decades and after its collapse, this bogus legacy will be carried over by cryptocurrencies i.e. Making the rich, richer and poor, poorer.

It will transfer the real money (Gold/Silver) silently to the rich through the power of mathematics, technology and media speculation. Ultimately gaining complete population control via electronic scripts and artificial intelligence to monitor every single economic activity going on earth.

Bitcoin has no intrinsic value says the legendary investor and philanthropist, Warren Buffett in an interview to CNBC.

Stay away from bitcoins, its not a currency. The idea that it has some huge intrinsic value is just a Joke. Warren Buffet on CNBC

Stay away from bitcoins, it is not currency - Warren Buffet

Warren Buffett: "Bitcoin Is An Asset That Creates Nothing"

The same man who has taught half the world on how to invest carefully is now being mocked and trolled as "Outdated white guy" by bitcoin community who are always driven by greed. Greed makes one both blind and arrogant.

From Barter To Bits – History Of Money – CHAPTER[1.2]

Posted: 12 Jun 2018 08:54 AM PDT

Lets first discuss how money evolved through this meaningful timeline infographics on origins of money.

From Barter To Bits – History Of Money infographics

If I ask you how old is human history, you will never be able to give an exact date and time because the span of recorded human history is roughly 5,000 years i.e. 30th Century BC.

Humans living during Old Stone Age were mostly hunters and nomads with no system of writing or accounting (ledger recording). Their sole purpose of life was survival through hunting, gathering food, fishing or scavenge wild animals.

Since there was no medium of exchange (money) people would rather exchange (barter economy) one product for another near 9000 BC. A hunter would give another hunter meat, stone axe or leather for an exchange with a good of equal importance in value. Thus exchanging food for food, tool for tool and clothing for clothing.

Barter trade was a real goods exchange system with perfect transparency and no residual effects or distortions.

But as time passed and humans grew wise, their lifestyle changed from that of hunting and gathering to one of agriculture and settlement. With Agricultural Revolution between 8000 and 5000 BC, most humans transitioned from a nomadic to a settled lifestyle as farmers living in permanent settlements in large villages.

Humans living in large groups lead to the problem of "Coincidence of Wants". One person having surplus food and looking for exchanging it for a tool, could do so only if there was someone who could accept his food for a tool. Thus this clash of wants introduced commodity economy as the first medium of exchange(money). Where instead of only exchanging a product for another product, they started accepting a useful good such as wheat, grain or salt as commodity/money in exchange for a product or service. That useful good could then later be used to buy new products.

At this time money was recognized as anything that had intrinsic value (could be used as food, tool, or spent) and store of value (kept as stock for a longer period without loosing value).

Examples of popular ancient commodities include agricultural products used fro micro transactions such as cotton, wheat, grain, seeds, salt, sugar or dates. They could either eat it, store it for future use or trade it when in surplus.

In fact the word "Salary" is originated from the word salt. In ancient Rome, Salary meant the amount of money allotted to a Roman soldier to buy salt, which was an expensive but essential commodity.

Domestic animals were also used as a commodity for macro transactions such as goat, sheep, horses, donkeys, pigs or cow. Same concept here: eat it / use it, store it, or trade it.

Can you eat Bitcoin or Paper or at least use them as tools for industrial use? If no then I believe the prehistoric people were far smarter than crypto and fiat enthusiasts today...
Like barter commodity based economy was also a real goods exchange system that broadened the trade possibilities. The transactions were instantly completed with perfect transparency and with no residual effects or distortions (i.e. money could not be corrupted or faked).

It was commodity economy which first gave birth to a free and fair market with transparent circulation of wealth.

Cowry Shells was bogus currency - Bitcoin Is Scam

Near 1200 BC, humans started using Cowry Shells as more direct medium of exchange. Shell currency was first used in China and then in societies living off the coast of the Pacific and Indian oceans.

Cowries were a popular medium of exchange in Asia and it was considered as money for as long as early 19th century in India. Cowry also called "kaudi" in India was used till 1805 which was then replaced by the British East India company which was one of the major causes of "Paik rebellion" in 1817.

In western Africa, shell money was a legal tender up until the mid 19th century. Western nations, through the slave trade, introduced huge numbers of Maldivian cowries in Africa.. Cowry was also called as the currency of the Kingdom of Kongo locally "nzimbu".

Cowries were smooth, shiny, portable, divisible, durable and arguably rare at that time thus they survived a much longer time to be used as both currency and jewellery.

Why Cowry Shells are no more used as Currency?

Though cowry shells had most of the characteristics of money but they lacked true intrinsic value and could be extracted easily from Indian ocean over time. Currency looses its value when it is in abundant supply and this was the reason why Cowry shells could not survive long enough and were permanently replaced by a much better hard commodity that was extremely difficult to extract (rare in nature) and had unimaginable practical uses in centuries to come. Yes I am talking about Gold!

Bitcoin worshippers often quote cowry shells to defend the zero intrinsic value of Bitcoin. Cowry could not survive as currency because it lacked true intrinsic value, it had no other major use except being used as a medium of exchange or as jewellery. Like all bogus currencies it could be created on will by breeding snails!

Snails reproduce every six weeks throughout the year. Snails can lay between 30 and 140 eggs at a time; that's nearly 480 snails a year! Thus 480 cowry shells in your pocket! Who said money can not lay eggs? Because it did in the past as humans are being fooled by the elite time and time again...

People stopped using cowry shells after it devalued due to increased supply and especially after everyone realized how for centuries they have been fooled by the elite empires (especially during slave trade) to treat these worthless shells as money.

Thus two wrongs does not make one right. Both cowry and paper is bogus money with zero intrinsic value and using them as defense to prove Bitcoin right is the same brainwashing tactic being used by the elites to keep fooling the layman.

In 700 BC Gold and Silver coins were first used in ancient Lydia (modern day Turkey) and coastal Greek cities. It was a usual State practice to stamp the coins with pictures of gods and emperors.

First minted gold and silver coins. Lydia, modern day turkey - 700BC

It was this time when mankind's journey for finding the perfect currency finally ended.

Civilizations which had abundance of Gold reserves and good defense, always remained the super economies on earth and this applies even to this date of 21st century.

Gold is the ultimate stable currency and the true wealth. Mankind strives so hard to find (mine) it even to this date because it's the only currency which is deflationary in nature and does not loose its purchasing power even if you dig it underground for 5000 years. Gold will always retain its truth worth for millenniums to come thanks to its money characteristics and chemical properties.

Gold and silver is a perfect medium of exchange, store of value, portable, durable, rare, unit of account, divisible, fungible and which has a true intrinsic value. Most importantly you can't counterfeit or imitate gold using even the best of 21st century science and technology.

Guess what? Unlike printing Paper or forking Bitcoin, Gold can't be created on will!

Who Invented Paper Money and who Corrupted it?

The Chinese merchants during Tang Dynasty (618 - 907) invented paper money backed by Gold/silver and the Mongol Yuan Dynasty (1271 - 1368) corrupted paper currency (printing on will) by creating fiat currency to overcome government spending.

In China copper coins were designed with square holes in the middle so that they could be carried on a string. People would then trade by calculating the price in strings of coin.

For large macro transactions, as these strings of coins (gold, silver, copper) became heavy to carry, the traders would deposit the heavy strings of coins with a trustworthy agent (bank), who would record how much money the merchant had on deposit on a slip of paper (banknote).

This paper slip was a promissory note / claim check that could then be traded for goods or redeemed back for the strings of coins anywhere across china.

These banknotes were mostly in the form of privately issued bills of credit or exchange notes. In 1265, the Song government officially introduced a national paper currency, which was backed by silver or gold.

This gold-backed currency only lasted for nine years, as Song dynasty fall to the mercy of Mongols in 1279.

Yuan Dynasty Printing Plate and first banknote used in history

The Mongol Yuan Dynasty issued its own form of paper currency called chao which was not backed by gold or silver.

The Mongols started printing paper currency on will to overcome its growing government expenditures. This was the first time in human history when a government cheated its people by printing more paper currency than its reserves of precious metals. This is when the first fiat currency was born.

As the currency supply increased, its purchasing power reduced thus leading to run-away inflation. The Yuan dynasty could not survive longer and thus collapsed in 1368.

As financial crisis increased and Chinese learnt the lesson of what happens when you "print paper on will", the Chinese government eliminated paper currency completely in 1455 and wouldn't adopt it again for next five hundred years (till 1890s). During that time, gold/silver was adopted back as the currency of choice.

This Mongolian dark practice of printing paper currency on will, attracted the Devil's eye in Europe in 17th century!

Goldsmiths in England were both money changers and money lenders. Merchants would store their hoards of gold with the goldsmiths in 17th Century, who would then charge a fee for providing that service. Just like Chinese, the goldsmiths also issued promissory notes or claim checks certifying the quantity and purity of the metal deposited.

The goldsmiths would charge no fee or even pay interest on the deposits, if the depositor allowed the goldsmith to relend on his behalf. The depositor's gold could be lended on interest to someone else looking for a loan.

The promissory notes (banknote) were payable on demand but the loans which were given by goldsmith to his customers were repayable only over a longer time period.

This is the modern day example of fractional reserve banking where you can create a current account or savings account with the bank. The banks invests your money from the savings account by giving you a monthly share of the profit or provides you services by charging you a fee on your current account.

Everything sounds fine so far, isn't it? Of course not because the goldsmiths were liars and cheaters!

The goldsmith were supposed to create banknotes equal to the total amount of gold deposited in their vaults. Not a receipt less or more, because every banknote was a promise from the goldsmith that each note is backed by equal amount of gold present in his vault.

The goldsmith knew that since depositors keep their gold with them for a longer time period like for months or years, and that they will certainly not all rush back at once on a single day to redeem the banknotes for their deposited gold, the goldsmiths started creating banknotes out of thin air and distributed them as loans to borrowers at an alarming rate.

The total loan given by goldsmiths was often more than the actual amount of precious metals they actually had to back it up. The loan was more like a circular debt which when not paid back on time would continue adding more burden on the borrowers shoulder.

The borrower could use the banknote to buy goods and services in the market, the seller of that good or service would willingly accept the banknote as a legal tender because everyone thought that these banknotes could actually be redeemed to gold on demand as promised by the goldsmith.

Thus that bogus banknote travelled from one goldsmith's bank to another goldsmiths bank. Both these banks would make fortunes on public's money without even letting them know about how they were all scammed psychologically.

Inspired by the trickery of London goldsmiths, many private banks started operating and issuing banknotes with the same bogus promises.

This dark practice of fiat banking even reached United States in 19th century. During that time in USA there were more than 5,000 different types of banknotes issued by private banks, each containing the false promise that said: "repayable to the bearer on demand."

"repayable to the bearer on demand" - biggest lie and scam in fiat currencies

Later only national governments were authorized to issue bank notes.

Both US dollar and sterling pound were partially backed by precious metals and were only theoretically repayable to the bearer on demand (redeemable into gold or silver).

The Goldsmiths (Bankers) did not stop poisoning the Gold standard which partially existed between 1870-1930 AD.

After Rothschild sponsored World War II ended and using the artificially created Great Depression as an excuse, the banking elite gathered all leaders of 44 allied nations to create a more stable monetary system. This conference was called the Bretton Woods Conference which was held in United States in 1944.

The banking gods created two new institutions which are known as The International Monetary Fund (IMF) and the World Bank.

The world was promised that both these two institutions are established solely to achieve these common missions:

    • Eliminate extreme poverty,
    • Facilitate international trade,
    • Reduce unemployment,
    • Achieve greater financial stability,
    • Promote sustainable economic growth.

But wait... these are just lollipops that the richest elite gives to the smaller countries to cash their emotions. Exactly same bogus promises are given by crypto-gods to cryptocurrency holders to liberate them financially.

Through puppet institutions like IMF and World Bank the richest countries in the world was given the right to arrange the affairs of smaller nations by effectively depriving them of their economic autonomy. Examples of which can be seen how one nation is economically boycotted through blackmailing and threats of economic sanctions.

The recent examples of nations bullied by IMF include the sanctions on Venezuela, North Korea and Iran by disconnecting them from the global financial system and disrupting cross-border flows including trade finance and remittances.

Through Bretton Woods System the U.S. Dollar was established as the world's reserve currency because thanks to WW1 and WW2, so much gold had fled to USA from European countries that USA had two-third of all world gold reserves.

The member nations were promised that Uncle Sam's dollar will be backed by gold at a fixed rate of $35 per ounce i.e. $35 = 28.3495 gram gold.

All major world currencies were pegged to the dollar by a fixed exchange rate, while the dollar itself was pegged to gold at $35 per ounce, This weird currency relationship was called (bogus) "The Gold Standard"

Bretton Woods System (1945-1971) Infographics - Greatest scam in history

Due to the same poor habit learnt from the Goldsmiths, USA was printing more and more dollars secretly and would pump it overseas to pay for government expenditure on the military and social programs.

Dollar pegged rate to gold was no more $35/oz. thanks to worthless dollar bills spread all across the globe. Instead of accepting their mistake, USA blamed the unstable rate on gold being sold out at lower prices on free market and black markets. (I have discussed it in detail later in this chapter)

When the member countries started asking for their gold by redeeming back the worthless dollar. Uncle Sam shocked everyone in 1971.

President Nixon cancelled The Gold Standard in 1971 and put the dollar on free float exchange rate i.e. "Uncle Sam bluffed everyone and will no longer redeem U.S. dollar for gold!" . Not even member nations could redeem dollar holdings.

From 1971 onwards, the world's currencies were all floating, with not even a single currency having a fixed value. A weird economic system that led to the establishment of foreign exchange markets(Forex).

These free floating currencies which exit to this date are called Fiat currencies. Fiat currency is backed by nothing but 'faith' in the government. A blind faith based on the bogus promises of the central banks.

The effect was such that within next 10 years, dollar devalued from $35/oz. of gold to $800/oz in 1980.

Foreign reserves of poor countries got eroded. It was the greatest scam and fraud on the world where the richest countries flooded the world financial system with worthless paper dollars. And this fraud continues to this date.

On 15 August 1971, Nixon issued Executive Order 11615 pursuant to the Economic Stabilization Act of 1970, unilaterally imposing 90-day wage and price controls, a 10% import surcharge, and most importantly "closed the gold window", making the dollar inconvertible to gold directly, except on the open market. Unusually, this decision was made without consulting members of the international monetary system or even his own State Department, and was soon dubbed the Nixon Shock.

Wikipedia

Behind every great depression, hyper-inflation, recession and panic there is always the invisible hand of the Banker. Because none of these events occur naturally instead they are injected artificially to an economy by the banking elite for serving some cruel agenda.

hungry american family living in cabin in 1936 during great depression of 1930s

The biggest examples include the Great Depression of 1930s (caused by bankers by crashing stock market) and Great Recession of 2008 (caused by FED by debasing dollar).

When a nation's money is given in control of few men (banks), poverty, hyper-inflation, unemployment and chaos becomes the fate of that nation and its ripple effect also causes crisis in all other nations who depend on them for trade and commerce.

The life of every American is controlled by the Federal Reserve Bank (FED) which is a privately owned bank. When the US Government fails to pay its national debt, they seek FED for help. FED then simply creates virtual money out of thin air by typing few digits on a computer screen through a process called "Quantitative Easing".

The American nation owe a national debt of $21 Trillion as of 10th April 2018 which is increasing at a shocking interest rate of 190 Billion per year!

Can you guess what that means? It means that every American from a kid to an adult, poor to rich, man or woman, owe a total debt which is $64,579 per citizen, and $174,191 per taxpayer....

Wait it does not end here... The US national debt is 110% higher than the total GDP of USA which is just 19 Trillion.. If the American nation even decides to pay this debt at $10,000 per second, it will take them 67 years to pay all the debt provided that there is no interest applied on the debt by the FED....

Moral: The Americans are forever enslaved by the never ending interest rates imposed by Rothschild and Rockefeller.

All nations have a national debt but few understand what it means or who we owe.

Watch this great sermon given in Sept 2003 by Pastor Rod Parsley at Breakthrough Church in Columbus Ohio, where he explains in plain English how Banks enslave and control a nation by printing worthless paper currency.

Founding Fathers of USA, Thomas Jefferson warned the American nation some 200 years ago about the consequences they will face if they give the control of national currency to the greedy banks.

"I believe that banking institutions are more dangerous to our liberties than standing armies,"

"If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around(these banks) will deprive the people of all property until their children wake up homeless on the continent their fathers conquered."

"The issuing power of currency shall be taken from the banks and restored to the people, to whom it properly belongs."

— Thomas Jefferson (Third President of the United States from 1801 to 1809)

Henry Ford quotation 1863-1947

The two oldest and most vicious goldsmith families that has survived over 200 years and still present today are the Rothschild and Rockefeller families, who currently own the biggest corporations of the 21st century and have a net worth in trillions of dollars.

These banking elite print money, we borrow it and we pay them interest. This is how it works to this date since 1913 and before.

These are the same greedy dynasties who are now financing cryptocurrency and blockchain startups through their usual psychological art of deception to achieve their agenda of a completely cashless society.

Before discussing who exactly created bitcoin and who is sponsoring it, lets first understand why the banking elite hate a monetary system backed by gold!

Why am I discussing so much History?

Because the original monetary history is never taught in schools or intentionally made complex to understand, it is censored in main stream media and without understanding it, you will never get what have they planned once they impose cryptocurrencies on all of us to snatch even that 10% of the financial freedom that we currently enjoy.

It all Started With "Gold is Worthless!" – CHAPTER[1.1]

Posted: 12 Jun 2018 08:47 AM PDT

bitcoin users think gold is worthless  - Bitcoin is scam

Gold is the only form of real money with intrinsic value, that has survived over 5,000 years to act as a sustainable and reliable medium of exchange and measure of value. Behind every prosperous and progressive civilization such as Egypt or Athens, you will find gold and also silver as the sole medium of exchange for macro and micro transactions, thus opening gateway to global trade and commerce.

Gold and silver are also referred to as Dinar (gold) and Dirham (silver) in Arabic.

Gold (Ag) and silver (Au) are precious metals or in other words they both contain stored energy that can neither be created nor destroyed.

What Makes Gold So Valuable?

Bitcoin enthusiasts brainwashed by the elite believe that Gold is considered to be valuable just because the humans trust it to be precious else it is just an ordinary stone like the rest....

Really? Were the history's largest human empires so stupid that they would fight for generations with each other just for some shiny stones with no good use?

Well read the following 10 reasons why Gold is so valuable and what gives gold its intrinsic value. These reasons are enough to crush the elite's propaganda against gold:

  1. Gold is rare! It is estimated in 2015 that the whole gold of the world that is mined so far equals a total of 186,700 metric tons.
    To visualize this volume, imagine a room with sides of about 19 meters in length. The entire gold of the world mined so far would hardly fill a room of this size! This is why gold is so precious and considered valuable by mankind. Unlike paper or digital currency, you can not artificially create gold out of thin air.
    Hence thanks to gold, the ancient market was always free and fair where no one could manipulate the value of money owned by you.
  2. Gold is the most malleable and ductile of all the metals.
    One ounce (oz) of gold can be drawn into more than 80Km of thin gold wire. One oz of gold can also be beaten into a sheet covering 9 square meters and 0.00018 mm thick! It can be made so thin to look like a transparent sheet.
    This property of gold enabled civilizations to do trade at both micro and macro level by minting coins of different weights.
  3. Gold is the least reactive metal in electro-chemical series. It does not decay, corrode or tarnish.
    Dig it underground and take it out after thousands of years and it won't loose the slightest of its value!
  4. Gold is a good conductor of heat and electricity.
    Without gold, your smartphones, laptops and computers today would have been several times slower.
    The computer CPU chips contain Gold. Without Gold, bitcoin mining would become dead slow! The IT industry which uses 10% of gold, could not have progressed so sustainably without it.
  5. Gold has the highest corrosion resistance of all the metals. This is one of the major reasons why gold is used in integrated circuits to carry current instead of copper.
  6. Gold is a noble metal because it does not oxidize. It does not rust or tarnish if exposed to wet or dry air.
  7. Gold is shiny and attractive! This is why you wear them as jewelry (50% of gold) or use them in medical fields such as tooth restoration.
  8. Gold is so precious as a store of value that every government keeps it in their reserves, to use it as a backup during economic crisis. France survived the damage caused by WW II by exchanging its reserve gold for food & ration with USA.
  9. Gold accounts for 40% of its use as investments. People love it as a hard commodity for its intrinsic value and as a good store of wealth.
  10. Gold is a symbol of pride and honor because of its relative rarity.
    Thousands of labors, worked day and night, for years, to place millions of stones weighing 50 tons each upon one another to build the great pyramids of Giza so that the top of the pyramid could be caped with Gold! Funny Bitcoin users call it worthless and just a jewelry stuff.

Can You Eat Gold?

Sarcastically, yes you can!

This is probably the most popular yet the most illogical question asked by gold haters. The elite does so just to confuse the public and make gold look inferior to a valueless paper and digital currency. A contrary question would be can you eat paper or digital currency? Of course you can't!

Gold is money and a perfect store of wealth. Money is not necessarily something to be eaten but its a tool required to purchase resources (wants/needs) essential for your survival as a human on earth.

For argument sake and to kill this baseless objection raised by the elite, I guess I have something interesting to share.

I know this sounds weird but a New York City food truck was reported to be selling a $666 hamburger dubbed the "Douche Burger," which contains lobster, caviar, truffles, and a beef patty wrapped in six sheets of gold leaf.

$666 Douche Burger with gold flakes - Bitcoin is scam

Pure gold (i.e. 24-karat) is chemically inert and easily passes through your digestive system without being absorbed into the body. You can eat pure gold or silver leaf, flakes or dust without falling ill.

chocolate-cake-with-gold-leaf

Europeans have been adding gold leaf to food and liquor since ages. Gold leaf can also be found in Japanese and Indian candies and South Asian pastries.

Homeopathic experts have even recommended gold as a treatment for heart disease, arthritis, depression, and other ailments for hundreds of years. People in India and Pakistan even eat "Paan" wrapped in a golden leaf costing around $100 each.

paan-wrapped-in-silver-foil

I just hope now the Bitcoin enthusiasts won't mind trying out gold in a dinner! =)

Did you know? Gold is such a precious and useful metal that it exits even in human body. The average 70 kg (150 lb) adult human body contains approximately 0.2 milligrams of Gold!

Gold plays a vital role in maintenance of the joints and also in the transmission of electrical signals throughout the body.

The true value of gold is surely based in its relative rarity, easy handling and minting, easy fabrication and smelting, corrosion resistance, thermal stability, its nobility to chemical reactions and lastly its unique shiny color.

Bitcoin creators call gold worthless in order to devalue the intrinsic value of gold which their bogus digital gold(Bitcoin) don't have. By defaming intrinsic value they try to build a justification to prove Bitcoin as a digital gold and thus brainwash people that bitcoin has almost all the money characteristics of real gold.

Bitcoin Is The Second Greatest Scam In The History Of Mankind – CHAPTER[1]

Posted: 12 Jun 2018 08:44 AM PDT

90% people investing in Bitcoin either don't understand the difference between 'Money vs. Currency' or they are driven by 'Greed'.

Our research on Bitcoin and Blockchain technology, is based solely on rationality and objectivity. It won't only help the internet community to decide whether or not to trust cryptocurrencies but it will also educate everyone about the second biggest and greatest scam in the history of mankind after paper currencies.

Both scams are engineered ideas of one common global organization that we will expose later in this chapter. 

Note: You can give any powerful meaning to the word Elite used in this research. To avoid censorship or banning of this valuable research by the very elite forces, we are using a more careful term intentionally.

Some specific details which can not be shared in this online edition of my research book have been included inside the contents for the physical copy.

The PDF version of that book will be shared once I receive enough constructive feedback, to get an idea whether you are ready enough to hear more about this darkest side of the world that is forbidden to be discussed in academia or mainstream media.

If you read both Chapter#1 (40% research) and Chapter#2 (60% research) thoroughly with patience and open mind, then you will discover several hidden secrets of how mankind fells a prey to the same trickery and deception time and time again. This combo if read chapter-by-chapter will help you understand almost everything behind this Bitcoin saga.

You will also find far secure options of investment than these bogus cryptocurrencies and a lot more knowledge regarding cryptology and origins of money dating back to Hitler's Nazi Germany (WWII, 1939 to 1945), World War I (1914 to 1918), and 9000 BC, but if you are a bitcoin user and you intentionally skip reading it in detail, than greed and ignorance leads one to nothing but self-destruction.

Bitcoin is the second greatest scam in history of mankind

You can access all parts or sub-chapters of this in-depth research via this uniquely designed Contents Blockchain that I designed exclusively for better accessibility. It could also be the first "Blockchain of Contents (BoC)" UI created using pure CSS/HTML contrary to "Table of Contents (ToC)" that we often use to give a quick look at the main contents.

For those of you who may find the above Blockchain of Contents a bit confusing, I have shared below the simple list of all sub-chapters for Chapter#1 :

This Research Is Not Against Blockchain Technology

Yes, I love blockchain technology as much as you do because its indeed one of the biggest scientific breakthroughs and a result of 20 years of research in distributed systems. Indeed credit goes to Bitcoin's inventors who introduced this revolutionary new technology by practically implementing the first decentralized consensus mechanism based on Proof-of-Work (PoW) algorithm, which has solved the long stuck problem of double-spending. 

Thus making digital transactions and smart contracts a possibility without the need for an intermediary or central authority, to act as trust authority.

Blockchain technology will indeed give way to a wave of innovation in financial services, economics, distributed systems, voting systems, medical records, digital identity, corporate governance, and legal contracts provided that this technology is not misused.....

The idea of a decentralized shared ledger impressed me so much that I started learning its core basics (creating a simple blockchain in Node.js with PoW and mining rewards features) ever since I heard about blockchain after completing my graduation in Computer Information Systems Engineering in 2013.

CIS graduation ceremoney 2013

For die hard crypto-fans, Blockchain technology is one of the biggest Internet revolutions that is as big a technological breakthrough as was the steam engine for the industrial revolution in 18th century.

For me I would rather choose to be more realistic and say that blockchain technology is as important development to the Information Age as was the first web browser written by English scientist Tim Berners-Lee in 1990, who also invented the World Wide Web in 1989.

World Wide Web is the primary reason why billions of people today can easily interact with each other on the Internet. In future, Blockchain technology will play a similar role to become the new gateway to a lot of creative innovations that are currently beyond human imagination.

With that said let me now explain why I created this in-depth research paper to prove Bitcoin as the mother of all scams and frauds in monetary history.

What I don't trust or can't buy as a student of monetary history and programming, is the lack of transparency and the lies being told to the internet community by the Bitcoin creators and its sponsors.

A revolutionary blockchain technology that could be used for the welfare of mankind is instead used to achieve the vicious agenda of a cashless society, through the introduction of cryptographically generated worthless computer bits called cryptocurrency, where its users enroll voluntarily (signing up for Digital Identity via an Immutable Distributed Ledger) to act as test dummies

The primary aim of Bitcoin creators is to use Artificial Intelligence (AI) and Data mining to study human reaction towards a cashless monetary system via a lawless / trustless (decentralized) Peer-to-Peer electronic cash system and Immutable (Un-editable) Blockchain technology on its initial testing phase.

ULTIMATE GOAL:
  1. Executing the cashless agenda through imposing Centralized Fiat Cryptocurrencies issued by central banks for Absolute Financial Enslavement.
  2. Using Editable Blockchain technology along with Biometric technologies (with faster adoption of RFID chips from 2020 onwards) for creating Universal Digital Identity (UDI) to record general data of every living human being from birth to death for mass population surveillance and thus Absolute State Domination.

Fulfillment of both these goals means violation of two basic human rights i.e. Liberty and Privacy. Both these basic rights will be systematically snatched from everyone once this testing phase ends.

None of these goals will be implemented by force because the trick is to convince people that such technologies is in their own self-interest and may even deliver personal benefits. People will be brainwashed enough to demand it themselves.

The recent incident where the European Parliament approved the General Data Protection Regulation (GDPR) in April 2016, is the first move towards programming people to demand the right to be forgotten and full ownership of their user data. That is one practical feature of an editable blockchain technology only.

It is the same trap where a rat is offered a piece of cheese, before its hunt down.

What is so bad about a Cashless Society? Doesn't it sound so cool?

Through introduction of puppet organizations like IMF and World bank via Bretton Woods System (1st Greatest Scam) in 1945, the global elites snatched the economic autonomy from third world countries (every developing and under-developed country). It was now possible to punish or bully any nation across the globe that may not bow down to their One World Order.

Governments who dare to oppose, are socially and economically boycotted internationally, through strict economic sanctions and are defamed via mainstream media. The citizens of such oppressed countries are forced towards poverty, unemployment and civil war.

Latest examples include Iran, North Korea, Syria and now Venezuela. Not so old examples include Iraq and Libya.

IMF's vicious policies are scripted in Washington D.C. by the richest elites and they are simple to understand: "Comply or starve to death"

Now how come is IMF or World Bank related to Cashless Agenda?

Through IMF, the globalists succeeded in controlling, tracking and dictating the financial affairs of puppet governments but what they could not control, dictate or track was the economic freedom and privacy of individual citizens.

In layman terms, they can economically boycott governments but they can't boycott an individual from his access to food, health and education.

They know how much money do you have inside your bank account but they are ignorant of your savings at home or the pennies your kids have collected inside their money box.

With cash, they can't trace your source but with no-cash (digital currency) they can trace every single penny that you own and where you spend them.

The central banks led by IMF want to trace and control every single penny that you own and this dream can only come true when the society is forced to become cashless.

Following are the voodoo and hoodoo of a Cashless Society:

  1. In a cashless society, tangible cash will be replaced with intangible digital cash.
  2. Everyone's wealth will be in the control of the banks, who will work as tax collectors for governments.
  3. You will no longer have the freedom to store your wealth outside the system.
  4. Governments can impose Negative Interest Rates (NIRP) on your money. Which means, government can confiscate your wealth from bank deposits whenever they want.
  5. You will be an easy victim for all bank bail-in scenarios. You will face all loses if your bank goes bankrupt.
  6. Governments can cause inflation or deflation more easily with the saver having no ability to even react. 
  7. Your money might be set to "expire" and be worthless if not spent in specific ways or by specific times.
  8. Government can block(boycott, off-chain) you out of the cashless system or confiscate all your wealth with a click of a button.
  9. Government will be able to watch and track all your savings, income information and transaction records through a centralized transaction log a.k.a blockchain.   
  10. Your wealth will be more vulnerable to fraud, scams and hacking that could destroy your life savings in seconds. Online data breaches is already expected to reach $2.1 trillion by 2019....
  11. Governments and corporations can use data mining to create consumer profiles based on their spending patterns. Thus your eating and spending habits will be 24/7 in strict surveillance. 
  12. The aged, poor or near poor population neither have the power nor knowledge to understand this high-tech cashless system. Their insecure wealth will become easy target for hackers and cyber criminals.
  13. People will become literally helpless with no control over the wealth that they once owned.

The elites will impose this cashless agenda upon every country by giving lame excuses of reducing money laundering, tax evasion, criminal transactions etc. (note that all darknet usage of cryptocurrencies is part of this plan so that it could be used as an excuse) but the sharp criminals will always find alternative ways to carry their business.

The wealth of those 5% criminals is of less concern to these elites (partners in crime) as compared to the hidden life savings and spending habits of those 95% hard working people across the globe. 

Governments and central banks have already started eliminating cash in dozens of countries. Visual Capitalist calls it as the Global War on Cash.

Australia, Singapore, Venezuela, the U.S., and the European Central Bank have all eliminated (or have proposed to eliminate) high denomination notes. Other countries like France, Sweden and Greece have targeted adding restrictions on the size of cash transactions, reducing the amount of ATMs in the countryside, or limiting the amount of cash that can be held outside of the banking system. Finally, some countries have taken things a full step further – South Korea aims to eliminate paper currency in its entirety by 2020.

But right now, the "War on Cash" can't be mentioned without invoking images of day-long lineups in India. In November 2016, Indian Prime Minister Narendra Modi demonetized 500 and 1000 rupee notes, eliminating 86% of the country's notes overnight.

While Indians could theoretically exchange 500 and 1,000 rupee notes for higher denominations, it was only up to a limit of 4,000 rupees per person. Sums above that had to be routed through a bank account in a country where only 50% of Indians have such access.

...there have now been 112 reported deaths associated with the Indian demonetization. Some people have committed suicide, but most deaths come from elderly people waiting in bank queues for hours or days to exchange money.

What started in USA and Europe has now entered Asia. The experiment has been forcibly deployed in India overnight and it will now move towards Bangladesh, Pakistan and middle east in no time.

Those 20%-40% discounts on your credits cards during Ramadan, Christmas or Diwali is your gradual mind programming by transforming your spending habits towards a cashless medium.

They have already tested several digital currency systems like Paypal, Square, Visa, and MasterCard but they will ultimately make centralized cryptocurrencies as the primary digital currency for all day-to-day payments once its testing phase ends.

Bitcoin which is their test-dummy, is probably made in-efficient intentionally with energy intensive mining algorithms such as Proof of Work (PoW) so that when the final version of the centralized cryptocurrency is introduced, the bitcoin problems of scalability and energy cost could be used as an excuse to propose a far better solution to existing problems faced by crypto community worldwide.

Cryptocurrencies that are based on public blockchain such as Bitcoin, that is believed to be a revolutionary digital currency created by an unknown(will be exposed shortly) Jesus-like Messiah (Satoshi Nakamoto) to fight central banks, is surely a nice fairy tale but it has more cruel long-term impact on an individual's freedom and privacy than one can possibly imagine.  

I consider all fiat & unregulated digital currencies created using public blockchain technology as a corporate scam, fraud and a white lie, controlled by crypto(hidden) players and sponsored by secret agencies and corporations(will be exposed shortly).

Not just words! We have over 60,000 words of research to prove it..

Note that I have used the word "corporate scam" rather than simply using the word "a scam" because this research article does not aim to prove bitcoin as a "pump and dump" scheme but to prove bitcoin as a corporate scam having a magnitude far bigger than that of fiat paper currencies.

Cryptocurrencies rising support by the mainstream media match the exact same pattern when the first corporate scam (paper currency) was imposed upon us back in 1945 through the Bretton Woods System (giving birth to foreign exchange market rate system, bogus convertible currencies and ultimately World Bank and IMF) and our true wealth was corrupted due to the greed and ignorance of early adopters.

Paper dollar corrupted money and Bitcoin will make it worse.

This time the early adopters are crypto-enthusiasts driven by greed worldwide but the big players/inventors are the same who corrupted the monetary system by introducing cotton & linen i.e paper as money.  

Cryptocurrencies are a speculation and just electronic scripts that can never be money, based on the facts and figures that you will discover today.

The Tactic Of Deception

The second greatest economic crisis in the history of mankind after the Great Depression of 1930s is just a few years away or it can happen anywhere between 2020-2022. This is not what we believe but economic analysts and corporate investors worldwide. Coincidently or may be intentionally made symbolic, 2021 and 2022 are also the domain expiry dates of bitcoin.org and bitcoin.com respectively.

Throughout history the elites have deceived mankind through one simple tactic of deception i.e:

Problem (Created by them)Reaction (Given by us)Solution (Offered by them)

Wisdom says that if you want to fool the fool, tell him fairy tales and he will blindly follow it. But if you want to fool the wise, bring mathematics in your discussion.

Human mind by nature favors simple calculations but resist complexity. With math, you can do wonders and fool almost the entire world just like how the Elite powers have played our Governments till today with a bogus monetary system.

This time as they know the U.S dollar is going to collapse, they are preparing to roll down the curtains for a cashless society to achieve maximum population control through a new monetary tool.

Is is the future's One-World-Currency, Bitcoin, Fedcoin or RScoin? A straight answer would simply mean throwing mud on walls with no logics. Read it to believe it, as we unfold the darkest secrets of mankind's lust for power.

Today there are more than 1,800 cryptocurrencies available over the internet as of 25 May 2018 and growing. The total market cap of all these cryptocurrencies now mount over $340 billion USD.

Anyone can create a new cryptocurrency in less than 2 hours, you just need to apply the "Greater Fool Theory" in convincing people that these worthless computer bits are as precious as gold just like how its been done today through Initial Coin Offering (ICO) crowdfunding programs.

These new cryptocurrency startups introduced every month, match the exact same pattern of e-commerce startups during the dot-com bubble period. Some did survive but most of the companies ended up worthless.

Surprisingly about 50% of all ICOs sold in 2017, failed by Feb 2018. Details will be shared in Chapter#2.

Our focus would be mainly on Bitcoin because currently its the first and most popular cryptocurrency with highest market capitalization of $128 billion dollars. Bitcoin is currently the largest blockchain network with a strong mainstream media coverage. Bitcoin has many serious red-flags as we will unfold, than just problems of scalability, regulation and security.

Two wrongs don't make a right. This article will prove:

  1. Paper Currencies and Banks are the First Corporate Scam.
         1% owns 50% of all Word Wealth - Source
  2. Crypto Currencies and Exchanges are the Second Corporate Scam.
          1% owns 90% of all Bitcoin Wealth - Source: Chapter#2

Same script, same audience and same players. The humanity is led to financial enslavement once again through the art of deception and human greed.

Before getting to bitcoins, let us first discuss the interesting history of "Gold" which is loved by the poor but hated by the Elite.