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Thread: Do Rothschilds Control Cryptocurrencies?

  1. #1

    Do Rothschilds Control Cryptocurrencies?

    In December, the Rothschild family reportedly purchased bitcoin exposure, via the Grayscale Bitcoin Trust, for the first time. They were not alone as later in the year, as we detailed here, Venrock, the official venture capital arm of the Rockefeller family, has partnered with crypto investment group Coinfund to support cryptocurrency and Blockchain business innovation, Fortune reported April 6.
    So the involvement of some of the oldest-money-families in the world in what Warren Buffett and Charlie Munger call "unproductive turds" has raised more than few questions about whether the Rothschilds and the like can control crytpocurrencies.

    The conspiracy theories around Rothschilds’ cryptocurrency control are being heated up by a 1988 publication in The Economist, a magazine controlled by the family.
    Thirty years from now, Americans, Japanese, Europeans, and people in many other rich countries, and some relatively poor ones will probably be paying for their shopping with the same currency. Prices will be quoted not in dollars, yen or D-marks but in, let’s say, the phoenix. The phoenix will be favored by companies and shoppers because it will be more convenient than today’s national currencies, which by then will seem a quaint cause of much disruption to economic life in the last twentieth century...
    The biggest change in the new world economy since the early 1970’s is that flows of money have replaced trade in goods as the force that drives exchange rates...
    The alternative – to preserve policymaking autonomy- would involve a new proliferation of truly draconian controls on trade and capital flows. This course offers governments a splendid time. They could manage exchange-rate movements, deploy monetary and fiscal policy without inhibition, and tackle the resulting bursts of inflation with prices and incomes polices. It is a growth-crippling prospect.
    Pencil in the phoenix for around 2018, and welcome it when it comes."
    And now, as RT reports, the founder of the world's second biggest cryptocurrency Ethereum, Vitalik Buterin, has questioned whether the Rothschild conspiracy theory extends to digital money.

    “Are 'the Rothschilds' even well-coordinated enough to be worth caring about as a group these days?” Buterin asked on Reddit.
    Are "the Rothschilds" actually remotely as powerful and coordinated as the conspiracy theorists seem to believe, or are they just a group of old-money socialites and all that other stuff is overhyped?

    Help me learn and decide! https://t.co/rYcyEHhM6F
    — Vitalik "Not giving away ETH" Buterin (@VitalikButerin) May 26, 2018
    Buterin raised the issue as cryptocurrency enthusiasts are discussing the opaque IMMO blockchain project the banking dynasty is reportedly investing in.
    Reports about IMMO first surfaced in the local cryptocurrency industry press last week. While all information is based on rumors and leaked information, the crypto-society has said it can be a digital token backed by natural resources like gold or somehow related to real estate.
    The project is reported to be watched personally by Alexandre de Rothschild, the newly-appointed head of the family’s banking dynasty.
    After fielding responses from Reddit users about the knock-on effect for sentiment regarding cryptocurrency should the rumors be true, Buterin, however, remained unconvinced of the Rothschild dynasty’s providence.
    “[M]y updated view after seeing the replies is that they are just people born into various old-money-type high-society positions, and the theories that they are anything beyond that are fairly baseless,” he added in a later edition of his original post.
    Will we ever really know?


    https://www.zerohedge.com/news/2018-...yptocurrencies
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  5. #4
    where is there any evidence?

  6. #5
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    What better way to crush cash than to create and spread digital currency, you have to have Internet access to even use it, that's just more control, not more freedom.

    Hey, I'm rich.... click (poof)..... hey, where's my money?
    Politicians are the only people in the world who create problems and then campaign against them
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  7. #6
    Never attempt to teach a pig to sing; it wastes your time and annoys the pig.

    Robert Heinlein

    Give a man an inch and right away he thinks he's a ruler

    Groucho Marx

    I love mankind…it’s people I can’t stand.

    Linus, from the Peanuts comic

    You cannot have liberty without morality and morality without faith

    Alexis de Torqueville

    Those who fail to learn from the past are condemned to repeat it.
    Those who learn from the past are condemned to watch everybody else repeat it

    A Zero Hedge comment

  8. #7
    Quote Originally Posted by Mach View Post
    What better way to crush cash than to create and spread digital currency, you have to have Internet access to even use it, that's just more control, not more freedom.

    Hey, I'm rich.... click (poof)..... hey, where's my money?
    What would u folks recommend? Keep on the fiat paper scam. If you're not willing to learn, then you shouldn't use it.

  9. #8
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    It's just a... you never know.

    Once they get rid of CASH you, your money, and your spending can be tracked globally....

    Last edited by Mach; 05-30-2018 at 11:38 PM.
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  11. #9
    Quote Originally Posted by Mach View Post
    What better way to crush cash than to create and spread digital currency, you have to have Internet access to even use it, that's just more control, not more freedom.

    Hey, I'm rich.... click (poof)..... hey, where's my money?
    That's not how crypto works.
    "He's talkin' to his gut like it's a person!!" -me
    "dumpster diving isn't professional." - angelatc


    "Each of us must choose which course of action we should take: education, conventional political action, or even peaceful civil disobedience to bring about necessary changes. But let it not be said that we did nothing." - Ron Paul

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  12. #10
    Quote Originally Posted by kfarnan View Post
    What would u folks recommend? Keep on the fiat paper scam. If you're not willing to learn, then you shouldn't use it.
    Fully backed currency.
    Never attempt to teach a pig to sing; it wastes your time and annoys the pig.

    Robert Heinlein

    Give a man an inch and right away he thinks he's a ruler

    Groucho Marx

    I love mankind…it’s people I can’t stand.

    Linus, from the Peanuts comic

    You cannot have liberty without morality and morality without faith

    Alexis de Torqueville

    Those who fail to learn from the past are condemned to repeat it.
    Those who learn from the past are condemned to watch everybody else repeat it

    A Zero Hedge comment

  13. #11
    Quote Originally Posted by dannno View Post
    That's not how crypto works.
    It can, all it will take is a government takeover and if they built it (which there is good reason to believe) then they have a plan for that.
    Never attempt to teach a pig to sing; it wastes your time and annoys the pig.

    Robert Heinlein

    Give a man an inch and right away he thinks he's a ruler

    Groucho Marx

    I love mankind…it’s people I can’t stand.

    Linus, from the Peanuts comic

    You cannot have liberty without morality and morality without faith

    Alexis de Torqueville

    Those who fail to learn from the past are condemned to repeat it.
    Those who learn from the past are condemned to watch everybody else repeat it

    A Zero Hedge comment

  14. #12
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    Quote Originally Posted by dannno View Post
    That's not how crypto works.
    CRYPTO
    Politicians are the only people in the world who create problems and then campaign against them
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  15. #13
    They also control all the gold and all the central banks fiat.
    Truth forever on the scaffold, Wrong forever on the throne,--
    Yet that scaffold sways the future, and, behind the dim unknown,
    Standeth God within the shadow, keeping watch above his own.
    ‫‬‫‬

  16. #14
    Quote Originally Posted by Swordsmyth View Post
    Fully backed currency.
    Yeah, the gold standard was a success.. They would still be able to manipulate a gold backed currency.

  17. #15
    Quote Originally Posted by Mach View Post
    CASH


    Have you ever owned crypto? It's much more secure. I can walk around with my hardware wallet and even if somebody steals it from me, all they have is a worthless device and I still have my crypto.

    Crypto > Cash
    "He's talkin' to his gut like it's a person!!" -me
    "dumpster diving isn't professional." - angelatc


    "Each of us must choose which course of action we should take: education, conventional political action, or even peaceful civil disobedience to bring about necessary changes. But let it not be said that we did nothing." - Ron Paul

    "Paul said "the wave of the future" is a coalition of anti-authoritarian progressive Democrats and libertarian Republicans in Congress opposed to domestic surveillance, opposed to starting new wars and in favor of ending the so-called War on Drugs."

  18. #16
    Quote Originally Posted by dannno View Post
    CASH


    Have you ever owned crypto? It's much more secure. I can walk around with my hardware wallet and even if somebody steals it from me, all they have is a worthless device and I still have my crypto.

    Crypto > Cash
    So how much crypto do you actually spend in say a month? How much cash?
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  20. #17
    Quote Originally Posted by Zippyjuan View Post
    So how much crypto do you actually spend in say a month? How much cash?
    Do you believe this line of questioning is going to lead to a good argument about why crypto will not gain significant value in the future?

    I definitely do spend crypto, have spent a fair amount and I spend it fairly often but it is not a real significant portion of my spending right now. But can you see how that actually plays in favor of having it as an investment?
    Last edited by dannno; 06-02-2018 at 11:30 PM.
    "He's talkin' to his gut like it's a person!!" -me
    "dumpster diving isn't professional." - angelatc


    "Each of us must choose which course of action we should take: education, conventional political action, or even peaceful civil disobedience to bring about necessary changes. But let it not be said that we did nothing." - Ron Paul

    "Paul said "the wave of the future" is a coalition of anti-authoritarian progressive Democrats and libertarian Republicans in Congress opposed to domestic surveillance, opposed to starting new wars and in favor of ending the so-called War on Drugs."

  21. #18
    Quote Originally Posted by dannno View Post
    Do you believe this line of questioning is going to lead to a good argument about why crypto will not gain significant value in the future?

    I definitely do spend crypto, have spent a fair amount and I spend it fairly often but it is not a real significant portion of my spending right now. But can you see how that actually plays in favor of having it as an investment?
    So you see it more as an investment than as "cash". Most people buying Bitcoin do. Hardly any of it is actually used to buy things with.

    Too volatile and risky an investment for me but others may have a better tolerance for risk than I do.
    Last edited by Zippyjuan; 06-03-2018 at 03:00 AM.
    Donald Trump: 'What you're seeing and what you're reading is not what's happening'

    "Truth isn't truth"- Rudy Giuliani

    "China has total respect for Donald Trump and for Donald Trump's very, very large brain," - Donald Trump.

    I am Zippy and I approve of this post. But you don't have to.

  22. #19
    Quote Originally Posted by Zippyjuan View Post
    So you see it more as an investment than as "cash". Most people buying Bitcoin do. Hardly any of it is actually used to buy things with.
    Uh, ya that's what I said, that is precisely why it makes a good investment... Because it is BETTER than cash, but it is hardly used at the moment. That is what gives it potential. If everybody used it all the time, you would just get some if you needed to spend it, not as an investment. In the future when cash becomes obsolete and bitcoin and crypto take over, the value of bitcoin will be tremendous.

    Microsoft was the best investment when barely anybody used it. It was not a very good investment when everybody was already using it.
    Last edited by dannno; 06-03-2018 at 02:22 PM.
    "He's talkin' to his gut like it's a person!!" -me
    "dumpster diving isn't professional." - angelatc


    "Each of us must choose which course of action we should take: education, conventional political action, or even peaceful civil disobedience to bring about necessary changes. But let it not be said that we did nothing." - Ron Paul

    "Paul said "the wave of the future" is a coalition of anti-authoritarian progressive Democrats and libertarian Republicans in Congress opposed to domestic surveillance, opposed to starting new wars and in favor of ending the so-called War on Drugs."

  23. #20
    Quote Originally Posted by dannno View Post
    Uh, ya that's what I said, that is precisely why it makes a good investment... Because it is BETTER than cash, but it is hardly used at the moment. That is what gives it potential. If everybody used it all the time, you would just get some if you needed to spend it, not as an investment. In the future when cash becomes obsolete and bitcoin and crypto take over, the value of bitcoin will be tremendous.

    Microsoft was the best investment when barely anybody used it. It was not a very good investment when everybody was already using it.
    Bitcoin is today's Napster and Myspace. There will be some other crypto to take it's place at some point that will dominate. One that does not have the technical limitations of Bitcoin with superior tech, probably something like Ripple/XRP or another.

  24. #21
    Quote Originally Posted by kahless View Post
    Bitcoin is today's Napster and Myspace. There will be some other crypto to take it's place at some point that will dominate. One that does not have the technical limitations of Bitcoin with superior tech, probably something like Ripple/XRP or another.
    I don't think that is necessarily true. Ripple/XRP is certainly NOT superior considering it is centralized. Bitcoin is dynamic, there is no reason to move away from it because the best tech (like lightning network) is or can be built in. Lightning network was recently tested by some MIT scientists, it went well and they were even able to use it similarly to ETH with contracts.

    What will likely happen is bitcoin will be like crypto gold, a lot of people may not own it but it will be used by larger institutions for higher stores of value and larger transactions that need to be really secure. ETH and some other contract based crypto may be used for some niche purposes. LTC and possibly ripple and some others including coins with privacy features may be used for day to day transactions.
    "He's talkin' to his gut like it's a person!!" -me
    "dumpster diving isn't professional." - angelatc


    "Each of us must choose which course of action we should take: education, conventional political action, or even peaceful civil disobedience to bring about necessary changes. But let it not be said that we did nothing." - Ron Paul

    "Paul said "the wave of the future" is a coalition of anti-authoritarian progressive Democrats and libertarian Republicans in Congress opposed to domestic surveillance, opposed to starting new wars and in favor of ending the so-called War on Drugs."

  25. #22
    One of the greatest instruments used by the financiers to impoverish and stupefy us is the stock
    market. What everyone knows, but few admit, is that the value of a stock has absolutely
    nothing to do with the value of the company. Just look at Amazon stocks, which have risen
    around 1300% in the last decade despite the company’s earnings being next to nothing. But
    Amazon isn’t a weird anomaly. This is how the stock market works.
    It was set up this way by design.

    By whom? By the industrialists, of course. Who benefits more than they do? Instead of
    spending their own capital to grow their business, they let millions of poor shmucks buy
    “ownership” in the company. This provides a huge infux of capital investment with no strings
    attached. If you invest your life savings in Amazon stock and the company tanks, Jeff Bezos (or whoever really owns Amazon, since we know Jeff is just a pretty face) doesn’t owe you a dime.
    Unlike traditional investors in a company, who expect their business loan to be repaid with interest, you the stockholder aren’t legally entitled to ever see your money again.

    This is called
    gambling. The stock market is kind of like a casino, and the house always wins.
    Lots of mainstream economists admit as much. David Stockman even calls it “the casino.”
    He
    also calls the crypto coin market a casino. But Stockman is just controlled opposition; he’s planted there to get you 90 percent of the way to the truth and insert just enough spin at the end that you miss the truth completely.
    That’s because Bitcoin, like the stock market, is not
    really a casino.
    It feels like one, but it’s not. At a casino, the house always wins because statistical

    probability is tipped in its favor. Everyone knows this going into it. But with LIBOR, insider
    trading scandals, and other drips and drabs of leaked information over the years, we have a
    pretty good notion that the stock market is rigged. Its volatility is intentional; the super-wealthy
    have enough leverage to manipulate stock prices at their will so they can buy low and sell high.
    That’s not a casino, that’s a con. That’s using weighted dice, which even a casino doesn’t do.
    Stockman and the rest want you to believe the rise and fall of stocks and commodities (like
    Bitcoin) are due to irrational speculative investing, as if the prices are determined by trading
    volume. But they don’t give you the most important piece of information, which is that those at
    the very top are controlling the trading volume, not to mention manipulating the exchange
    rates. When these tricks don’t work, they can just straight-up falsify the data, like they do with
    voting numbers. They can simply tell you a Bitcoin is worth $15,000, sell it to you for that much,
    then turn around and make the price drop to $5,000. They can do this because they created the
    market, and they own most of the commodity.
    Lots of people, especially younger people who came of age during the 2008 recession, are
    skeptical of the stock market and the big banks. So the financiers had to create a new fake
    market to lure these younger folks under the guise of a “private,” “sound money” system. It’s
    no coincidence Bitcoin came right on the heels of the Great Recession. We’re told the mythical
    inventor of Bitcoin, Satoshi Nakamoto, was inspired by the recession to create Bitcoin as a
    sound money alternative. The truth is exactly the opposite: it was created as another unsound
    money alternative, to catch all the fies that were getting wise to the great Wall Street scam and making a mass exit from its tangled web.
    Bitcoin claims to be a fully encrypted form of digital currency that offers total financial
    anonymity. But that’s not true at all. You see, there are two primary ways to buy Bitcoin.
    You
    can send and receive it directly from other Bitcoin owners using a “digital asset wallet” or
    “crypto wallet” and making the transactions directly on the blockchain, which is a ledger of all
    Bitcoin transactions. Or you can buy them through an intermediary exchange service like
    Coinbase or Bitfinex, similar to brokerage sites for stocks (like Etrade or Fidelity). When you use
    the exchanges, you have to jump through at least as many hoops to set up an account as you
    would to open a bank account, including several forms of photo ID, proofs of address, your
    social security number, etc. In other words, you have no more anonymity than a bank account
    holder. Even so, using an intermediary exchange is far easier and less confusing than doing it
    the direct, anonymous way with a wallet. Just Google “how to buy Bitcoin anonymously” and
    see how long it takes you to figure it out. It’s immensely confusing and technical. Strike one.
    This is why the overwhelming majority of all Bitcoin owners use intermediary exchanges –
    they’re a whole lot easier. But this means that Bitcoin is no more anonymous than a bank card,
    and just as subject to taxation as fiat money. Strike two.
    Another supposed value proposition of Bitcoin is that it’s decentralized. No single political
    entity or group has monopoly control over it, unlike fiat currency which is controlled and issued
    by the central banks. Again, this is bogus. Just look at the chart at
    howmuch.net and read the results:
    Over 95% of all Bitcoins in circulation are owned by about 4% of the market. In fact,
    1% of the addresses control half the entire market.
    Please read that again. That’s an astounding fact. It means the power to infuence the value of
    Bitcoin in the hands of a very select few. Consider that strike three. And what’s worse, there’s no
    way of knowing who these few are. This is where the anonymity of the blockchain becomes a
    drawback rather than a benefit. You have no way of knowing who the Bitcoin millionaires and
    billionaires are. Yet because they have most of the world’s Bitcoin, they have tremendous power
    over it.

    More at: http://mileswmathis.com/bitfraud.pdf

    Last edited by Swordsmyth; 07-06-2018 at 11:43 PM.
    Never attempt to teach a pig to sing; it wastes your time and annoys the pig.

    Robert Heinlein

    Give a man an inch and right away he thinks he's a ruler

    Groucho Marx

    I love mankind…it’s people I can’t stand.

    Linus, from the Peanuts comic

    You cannot have liberty without morality and morality without faith

    Alexis de Torqueville

    Those who fail to learn from the past are condemned to repeat it.
    Those who learn from the past are condemned to watch everybody else repeat it

    A Zero Hedge comment



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