Sunday, May 9, 2021

Central command planning or government hostile takeover.

The easiest way to find out that something is a government planned it by looking the way things are named, it is very simple look at the name and you will see that is centralized government planning.

Let me give you the easiest of them all. The Federal Reserve Bank in United States, it is not federal and it is not a reserve, federal it is not because that bank is privately own, and it is not a reserve of anything because they don't have any reserves, they print money out of thin air.

Now let's go to Bitcoin. Blockstream, it is not about blockchain it is about blockage of an stream that was already running, in other words let's block the stream.

Wallet of Satoshi, it is not something that Satoshi Nakamoto created because he proposed a decentralized network, not a bank account, and it is not a wallet either, it is a service just like your local bank or your exchange, so it is a service not a wallet and as such you can lose your funds to confiscation or any other reason you don't control your funds, welcome to the future, which is more of the same old, same old.

Core is a hostile takeover and even the censorship proves it, that is that. A government's attempt to stop on its track the destroction of central banks fiat systems. But the only thing they can stop is for people to learn about it and to actually see, Bitcoin Cash must survive because it is the true vision of peer to peer currency without compromising decentralization, unfortunately BCH had to implement checkpoints in the network but that's something we needed to have let me explain why next.

Core is not a store of value nor a hedge against inflation as a matter of fact the moment inflation and hyperinflation hits the United States the whole world will be in the same boat, because the dollar is held everywhere, so it will be a world wide event, and if you were not out of the dollar before that event you will lose it all. That day people will try to use their so call hedge and store but they will discover everyone else and their mothers will be trying to use the service at the same time and Core can't handle that so fees will go up and many users will lose their funds to coin burn thanks to fees to also market collapse of Core because those who can still afford to get out will sell at any price, those with small amounts will have no choise but to wait. The rich with large amounts are telling the poor to buy today the only difference is that the rich will have funds to get out in case of an emergency but the poor will be trap between market depreciation and high fees.

At the moment many will try to buy BCH that's when the miner of Core could try to attack BCH network, because they know they are dying they will try to take the competition with them as well, that's why we need the checkpoint.

Now once the small investors lose their money in the Core inflation event, which I have called it before The Medusa Attack, they will demand that the governments does something about it, that's when the government will say Bitcoin is ban at request of the people.

https://read.cash/@francis105d1


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