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Bitcoin Plunge Reveals Possible Vulnerabilities In Crazy Imaginary Internet Money


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2017 Dec 10, 9:49pm   7,920 views  44 comments

by Patrick   ➕follow (59)   💰tip   ignore  

https://www.theonion.com/bitcoin-plunge-reveals-possible-vulnerabilities-in-craz-1821134169
NEW YORK—Saying it may account for the precipitous drop in the digital currency, financial experts on Friday told reporters that the recent plunge in bitcoin value could reveal vulnerabilities in crazy imaginary internet money. “This should serve as a clear indicator of how susceptible weird invisible money that only exists online can be to sudden fluctuations in the market,” said economist Bernard Gregerson, explaining that the 18 percent decline in bitcoin’s value might be a predictor of more drastic fluctuations to come in the price of bizarre make-believe cryptocurrency that has no reality in the physical realm. “This volatility may be connected to the fact that we’re dealing with a pile of ones and zeros with no attachment to any bank or government and calling it legal tender, but we can’t say for certain.” At press time, bitcoin had recouped some of its losses, which experts attributed to the fact that even ghost money best suited for anonymously buying heroin could sometimes rebound.


#finance

(ok, really #humor)

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44   JZ   2017 Dec 14, 12:39pm  

In my mind, there are 2 games with BTC
Game 1: The utility of BTC is NOT to add anything other currency CAN not do. It’s original purpose is to neuter the banks. Cut their dicks off so that they can NOT screw the mass. We do NOT need bank account to trade stuff. What we trade, nobody knows and nobody tax us. If the .gov wants to cripple me by freezing my asset, they can NOT do it. If the lenders fucked up, there will be NO bailouts because there is NO central banks to print BTC. Sure, nobody can lend recklessly as well because there is NO BTC printer. YES, this is revolution after the smart ones knew how banks and .gov fucked everybody in 2008. The trust was lost and BTC was born. If you want your 250K to be “protected”
by the banks and .gov, just remember that you are their sheep and they can fleece you at any moment. Do you want “protection” or do you want power in your own hand? that’s up to different people’s nature. Are you sheep or are you dogs?

Game 2: The mass sheep always wants to transfer other sheep’s $ into their own pocket. BTC become such an vehicle. Sheeple wants $ as much as sheep wants food. they donNOT care they are fed and they will get fleeced by the masters. They just compete with each other. Then BTC come in as the emperor’s clothes. All the sheeple praise the BTC and everybody is excited and happy and okay the game until the girl shouts “the emperor has NO clothes” AKA “BTC has no military or police violence power backing”. Then the sheeple will turn 180.

The bankers know the true threat is game 1, so they distract the sheeple with game 2. Let the sheeple get burnt by the BTC “bubble” give it a bad name, so sheeple will NEVER even realized the perspective of Game 1.

You are being played.

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