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This article is directed at those who follow the Golden Jackass, Jim Willie. This is not a pro or anti Bitcoin article. This is a theory. I started jim willie bitcoin the earlier posts first, which he started doing jim willie bitcoin summer of With the research I had done into blockchain technology and rumors that I had heard that it would be a key element in the next global trade unit, I had a thought.
What if Bitcoin is the Scheisse Dollar? He describes the concept being very similar to the adoption of the Euro in January of The Euro was adopted by most of the general population within weeks jim willie bitcoin its launch, countries then made the Euro their legal tender by March giving citizens only three months to switch over their old national currencies before they became worthless.
According to Jim, the United Sates has been under pressure from China to come up with a new currency to replace the jim willie bitcoin Dollar for domestic jim willie bitcoin only. I assume then that the old dollars would be used in global trade only while the Chinese transition to their gold backed RMB, which would explain why they have been stocking up on gold. In we had the introduction of Bitcoin by a supposed Japanese programmer named Satoshi Nakamoto.
There are many who believe that Satoshi is not Japanese but may be a pseudonym for a section of the US government, or even Alan Greenspan as Bix Jim willie bitcoin speculates.
The timing is all too convenient for a Schiesse Dollar to be introduced in its infancy. Right after the financial crisis, the deep dark depths of the internet are already coming up with the solution.
Satoshi continued to support this supposedly free market solution up until after he disappeared and has not been heard from since. This was right around the time that the United States started its second and much larger Quantitative Easing program QE2and embarked on its mission to destroy its currency in order to prop up its insolvent Wall Street banks.
Bitcoin has been in the works ever since and has not gained much attention until recently as the price has skyrocketed. The price discovery of Bitcoin makes sense.
This is not shocking, nor is it an issue for use as replacement for the dollar since Bitcoin is almost infinitely divisible. Bitcoin also serves the powers-that-be as an all digital currency. Jim is not of the belief that a digital currency will jim willie bitcoin as he has explained in the past in these public interviews. He cites examples of street food vendors and corrupt politicians taking bribes and indulging in hookers and blow who require cash for their transactions.
Jim however does not understand the utility of Bitcoin which is completely available to any who have a jim willie bitcoin, which is a huge portion of the world population including many poor countries. And since Bitcoin jim willie bitcoin not entirely anonymous, there is a method in place that allows for the US government to, at the very least, track transactions.
We are also not aware of any other methods that could be used against Bitcoin users. A lack of understanding of the technology is not an excuse for possibility that hidden deep in the infrastructure of Bitcoin, is a control mechanism that could serve as means for the government to exploit this technology. The lack of enthusiasm on the part of the US government for Bitcoin is also not convincing to me.
It is strange that those who are not inclined to believe the US government completely trust its official public position on Bitcoin which is blocking new entrepreneurial ventures, not including Bitcoin on traditional exchanges, and banning its use etc. I translate this as the government rejecting Bitcoin, not because they do not want it used, but rather rejecting it on the basis that it is not ready and then sending it back to the computer nerds in the free market to improve upon its faults.
This essentially makes them do the dirty work for the government. As for the inevitable devaluation of the Schiesse Dollar, looking at the forums, it is clear that even a Satoshi smallest unit of bitcoin can be subdivided.
Could this be a method for flooding the world with a higher supply and thus devaluing Bitcoin? There is another possibility: Bitcoin was introduced by a foreign jim willie bitcoin such as the Chinese. If this is the case, then Bitcoin may be a real solution to the currency issues at hand since it would seem jim willie bitcoin though the Chinese tend to act with more integrity in their financial system the Jim willie bitcoin government does in its.
This would also not be surprising since blockchain jim willie bitcoin surly has implications in this realm.
In fact, as I jim willie bitcoin writing this article and checking Bitcoin news sites, I continue to see China taking a very amorous stance on Bitcoin. Because of this, I am of the belief that this theory may be a much stronger possibility.
I am jim willie bitcoin that these theories are wrong since I would like to see Bitcoin as a free market solution, but these theories cannot be ruled out as a possibility. Even if they are true, there is still hope for the free market to take control and use this technology for good through the use of alt-coins alternative crypto currencies which are based on the blockchain, but can exist independently of Bitcoin.
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These theories are up for scrutiny, please replay and let me know what you think about them. Authors get paid when people like you upvote their post. Trending Trending Votes Age Reputation. You have completed some achievement on Steemit and have been rewarded with new badge s: For more information about SteemitBoard, click here If you no longer want to receive notifications, reply to this comment with the word STOP By upvoting this notification, you can help all Steemit users.
