Now is the time… I’ve been talking about releasing a podcast on the subject of bitcoin and crypto currencies and I think I’ve got a grasp on some basic ideas that we all should consider regarding this technology. I’ve been studying this subject for weeks– taking information in from a variety of sources including: Cryptoassets book by […]
Now is the time... I've been talking about releasing a podcast on the subject of bitcoin and crypto currencies and I think I've got a grasp on some basic ideas that we all should consider regarding this technology.I've been studying this subject for weeks- taking information in from a variety of sources including:
- Cryptoassets book by Chris Burniske and Jack Tatar
- FaceLikeTheSun
- David Seaman on THC (from 2013)
- Crypto Conundrum with Clif High
- Documentaries like Magic Money and Banking on Bitcoin
- Speaking with friends, acquaintances, and pretty much everybody that I meet that seems educated in either economics, technology, or both.
This show is my understanding of this somewhat-confusing technology and how things could easily go wrong...
Show Topics:
- I'm NOT a financial expert and these are my opinions
- What IS Bitcoin?...
- Decentralizing currency
- Fiat Currency & the value of Bitcoin
- We left the gold standard in 1971- the US dollar is already inherently "worthless"
- Cryptos get value from their FIXED quantity (supply is fixed- they can't "print" more)
- Only 10% of total money exists on paper and coins- we're already working off illusory money system
- Cryptos are "trust-less" systems that operate on "proof of work"
- The "proof of work" is available of all to see on the Blockchain (ledger)
- Computer mining to build the Blockchain
- How to obtain Bitcoin and Cryptos- cold wallets, Coinbase, and more
- Theory #1: The NSA Created Cryptos
- Who is this mysterious Satoshi Nakamoto?
- SHA-256: The NSA built encryption that bitcoin uses
- Who funded Coinbase? You'd be surprised...
- 1996's NSA paper: "How to Make a Mint: The Cryptography of Anonymous Electronic Cash"
- Comparing the NSA paper to Satoshi's "White Paper"
- Theory #2: Artificial Intelligence (A.I.) Created Bitcoin
- Decentralized Autonomous Organizations (DAO)
- Sophia- the android paid in cryptos
- A.I.'s private 'language'
- Theory #3: The Devil Created Bitcoin
- Revelation 13: 16-18 "...no one could buy or sell unless he had the mark..."
- Daniel 2:43- a disembodied spirit can be manifested through technology
- Theory #4: Bitcoin is the Savior from Banksters
- The mainstream media is already condemning it as a terrorist funding machine
- Conclusion: Deus Ex Machina
- Is the appearance of Bitcoin after the economic downturn of 2008 simply tooconvenient?
- Cash is already more anonymous than Bitcoin
- Privacy vs. Anonymity
- The Economist article from 1988 calling for a global currency called "Phoenix" that would come to prominence in 2018
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