Socio-Economics History Blog

Socio-Economics History Blog

Flashback: Snowden Releases NSA Documents Showing Bitcoin Was “#1 Priority”

by mosesman

  • BitCoin was designed as a diversion from physical gold/silver. If gold/silver were to rise phenomenally, the sheeple will know there is hyperinflation. In, the same way, billions/trillions flowing into BitCoin will prevent them from flowing into the Commodities market. When commodities rise, general price inflation will rise and the sheeple will awaken to the realization that the dollar is being devalued into hyperinflation.
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  • The Deep State has been channeling the increased money printing/supply into financial assets, stocks, bonds … Cryptos. They have been successful in hiding general price inflation until last year. Commodities market has shot up. Gold and silver has also risen greatly.
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  • In so far, as BitCoin is able to do a great job at channeling money away from gold, silver, commodties … to dampen hyperinflation, I think the Deep State will continue to allow BitCoin to boom. But when it fails in the role and is irrelevant, when their own digital currency is revealed, it is near time to get out.
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  • BitCoin will not be allowed to threaten the Deep State’s global monetary hegemony. If BitCoin does become a major threat ie. replaces the dollar, BitCoin will be killed. What is the intrinsic value of BitCoin? What is the intrinsic value of about 1700 Crypto-currencies that have died to date? ZERO! I am not saying that it is definitely certain the Deep State will kill BitCoin and drive it to ZERO. But be careful and understand the risk/reward. BitCoin to me is a HIGH RISK but HIGH REWARD investment. Never ever think of holding BitCoin like forever as a long term investment. And Yes, IMO, the “Kill Switch” has already been build into BitCoin.
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  • See also:
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    Fed’s Powell says bitcoin is more of a substitute for gold than the dollar
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  • Snowden Releases NSA Documents Showing Bitcoin Was “#1 Priority”
    by C. Edward Kelso, https://www.bitcoin.com/
    Xkeyscore. MAC addresses. OAKSTAR. MONKEYROCKET. Edward Snowden is at it again. This time the world’s most notorious whistleblower has handed over National Security Agency (NSA) documentation to online investigative news outlet The Intercept revealing an invasive covert program to track bitcoin users using spy tools he uncovered during his infamous first go-round. The implications include the future of privacy along with warrantless data collection being used to prosecute bitcoiners such as Ross Ulbricht of Silk Road.
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    Snowden Reveals How NSA Tracked Bitcoin Users
    Ever get the feeling you’re being watched? Department of Homeland Security (DHS) Acting Assistant Secretary for Legislative Affairs Brian de Vallance, in a November 2013 letter to Congress, worried that “with the advent of virtual currencies and the ease with which financial transactions can be exploited by criminal organizations, DHS has recognized the need for an aggressive posture toward this evolving trend.” Infamous whistleblower Edward Snowden seems to have found a trove of heavily redacted, classified NSA documents attesting to that “aggressive posture.”
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    It’s fitting Mr. Snowden should share them with The Intercept, an online investigative news organization founded by his benefactor, attorney turned journalist Glenn Greenwald. Mr. Greenwald was then writing for The Guardian, and the two unleashed the largest batch of government security documents ever revealed about US and UK global surveillance.
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