Bitcoin As a Law Enforcement/Natsec Honeypot?
October 16th, 2013Via: Easy Questions Are Boring:
Paranoia appears to be the order of the day, given what we know about the NSA and GCHQ thanks to Edward Snowden. Absent from the stories so far is any mention of Bitcoin. I find this odd – Bitcoin is the most cypherpunky of all crypto technologies, after all.
I want to make the case, without necessarily endorsing it, that we should be much more suspicious of Bitcoin than we are at present.
Posted in COINTELPRO, Covert Operations, Dictatorship, Economy, False Flag Operations, Surveillance, Technology | Top Of Page
The way I see it: if Bitcoin is the huge threat so many people have said it is, then why hasn’t it be regulated to death (like raw milk, and other true threats to the establishment)? Which makes me think: 1) it’s not as big a deal as some people think it is; or 2) it is, as this author suggests, a rouse of some kind, controlled by our plutocratic overlords.
I am admittedly not a finance and economic expert like many of the people who visit this website, but I have been deeply suspicious of Bitcoin from the get-go. To me, it’s always sounded like an easy market to manipulate. It’s certainly not immune to the hype and dump schemes that permeate more “traditional” markets. Then there’s the simple fact that one entity seems to control ~25% of all Bitcoins and that really sets off bells and whistles for me. Call me crazy, but my inclination is to stay far, far away from anything whose value could be altered by one person on a whim (or through a sinister long-game plan).