Back in April this year we discussed 'Bitcoin' - a so-called 'virtual currency'. Touted as a solution to people's concerns with online privacy and protection from overbearing and centralized fiscal authorities, Bitcoin has steadily risen in popularity and value since its launch in 2008. Its dollar value
suddenly plummeted in early April, leading us to wonder what had happened to make people suddenly lose interest?
Later in May, the US govt began breathing down its neck by
seizing one of BitCoin's biggest exchanges. This was followed up with the'Liberty Reserve' digital currency
being shut down completely, allegedly because it was "running a $6bn money-laundering scheme that became a bank of choice for the criminal underworld." Is BitCoin also being used for this purpose? Or is that the official line to dissuade people from using a potentially viable alternative to the international central banking cartel's 'funny money'?
Just yesterday, August 26th, it emerged that the BitCoin Foundation has been
meeting representatives from FinCEN (a U.S. Treasury agency), the Internal Revenue Service, the Federal Deposit Insurance Corporation, the Federal Reserve, the Office of the Comptroller of the Currency, the FBI, the Drug Enforcement Administration, the Secret Service, the Department of Homeland Security, and legislators on Capitol Hill.
At a time when services founded on complete user privacy are
folding left and right, is this a last-ditch lobbying effort to stave off govt-enforced closure? What kind of compromise can a virtual currency that attracts users because of the privacy it offers make with a National Security State that is determined to know everything about everyone?
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Comment: If you do nothing else, just take the time to watch the Sott.net/QFG produced version of 'Evidence of Revision', a three disc set that presents archive footage that will leave you in no doubt who killed JFK and why.