Witness
14733 followers2852 posts387 following
Saint Petersburg, Florida jerrybanfield.com Joined May 2017
FOLLOWUNMUTE
Blog
Comments
Replies
Rewards
Wallet
Have Quantum Computers Already Unlocked Cryptocurrency Exchange Wallets?
3 hours ago by jerrybanfield 71 in cryptocurrency
Why have most governments been relatively friendly to cryptocurrencies when we all see how obvious the threat digital…
$61.37
471 78
Why I Love Steemit More Info Google Chrome Extension!
16 hours ago by jerrybanfield 71 in steemit
Would you like to see an extension by 
$77.05
665 72
Advertise New Steem Smart Media Tokens White Paper?
yesterday by jerrybanfield 71 in steem
Will we promote our new white paper by 
$297.82
644 93
Sleep Tight Tonight! #171
2 days ago by jerrybanfield 71 in happierpeople
Would you let me tell you what works for me to consistently get an amazing night of sleep and share all the details…
$229.63
705 88
Going to SteemFest²! Witness Update #5
2 days ago by jerrybanfield 71 in witness-update
SteemFest² in Portugal this November will be awesome! Thank you for another amazing week together as a witness on…
$134.09
600 43
Meet Steem's Top 30 Witnesses!
3 days ago by jerrybanfield 71 in witness-category
Will you join us in getting to know 
$304.32
975 114
•••
Build SteemJ into Busy.org, ChainBB, or eSteem?
3 days ago by jerrybanfield 71 in steemit
Will we add a freelancer marketplace to our existing Steem apps because this will provide the value of SteemJ while…
$162.16
610 52
Meet 
4 days ago by jerrybanfield 71 in upvotable
Bindu Khanal as
$126.81
655 105
#1 Coinbase Tip: Transfer Wallet Funds to GDAX!
4 days ago by jerrybanfield 71 in tutorial
How do we lower fees and get access to trading using our Coinbase accounts to place BTC, ETH, and LTC orders on the…
$119.38
703 73
Get Retweeted By the @Steemit Twitter Account! #10
5 days ago by jerrybanfield 71 in steemsecrets
Learn how to earn a retweet on Twitter by the 
$168.20
711 67
•••
Attend SteemFest²?
5 days ago by jerrybanfield 71 in steemfest
Would you like me to go to SteemFest²? Up until today I was not planning on going because no strong feeling of…
$252.96
678 144
The Real Season I Started Eating Vegan! #170
5 days ago by jerrybanfield 71 in happierpeople
Would you let me tell you the story that converted me to eating vegan because this might help you avoid an amazing…
$102.52
612 75
Meet @TeamHumble and @Dayleeo in Upvotable 36!
6 days ago by jerrybanfield 71 in upvotable
Would you join us in discovering two Steemians that I just fell in love with after browsing MONTHS of posts each has…
$107.01
666 78
Buy Bitcoin with a Credit Card on Bitstamp and Exchange to Steem with BlockTrades!
6 days ago by jerrybanfield 71 in bitcoin
What is the fastest way to buy into Bitcoin, Steem, or any cryptocurrency? With a credit card, Bitstamp, BlockTrades…
$137.96
762 98
•
3,245,273 Facebook Users See Ads for Steem on $4,622.37 Ad Spend!
7 days ago by jerrybanfield 71 in growth-projects
Will we fund our fifth Steem video ad for Facebook and YouTube which features a pitch to investors named "Which…
$212.19
806 127
What Do I Do Every Day? #169
7 days ago by jerrybanfield 71 in happierpeople
Would you like to go through my day with me one step at a time to see the things I do every day, because my routines…
$117.09
622 78
$190+ Given to Authors and Curators in Upvotable 35!
8 days ago by jerrybanfield 71 in upvotable
Enjoy a love story, adopt a dog, discover a Steem meetup in Colorado on Saturday, explore the river in Vancouver, see…
$87.32
659 169
I Found $63,278 of Private Keys on Steemit.com in 10 Minutes!
8 days ago by jerrybanfield 71 in steemit
Will exchanges like Bittrex and Poloniex help warn users against sending a private key in a memo because Steem users…
$97.14
759 105
Lunch and Dinner at Mojo Burrito in Chattanooga, Tennessee!
8 days ago by jerrybanfield 71 in food
After safely returning from the hurricane Irma evacuation, I am getting hungry remembering my favorite meal at Mojo…
$129.93
644 58
Full Time Steem Witness Update #4
9 days ago by jerrybanfield 71 in witness-update
I am doing Steem full time now as a witness which includes my work as an author, curator, video producer, advertiser…
$142.02
743 100
Back
Have Quantum Computers Already Unlocked Cryptocurrency Exchange Wallets?
3 hours ago
jerrybanfield71 in cryptocurrency
Why have most governments been relatively friendly to cryptocurrencies when we all see how obvious the threat digital currencies pose to control? After asking this question repeatedly for months I got an answer which came in a vision in the shower. I call it the "private key spreadsheet" because this is how the person that has access to it thinks of it.
This simple Microsoft Excel document has nearly all of the information necessary to open the wallets of all the major cryptocurrency exchanges such as Poloniex, Bittrex, Coinbase, Bitstamp, etc. All of these were cracked by quantum computers most likely under the control of the National Security Agency (NSA) which monitors all electronic communications on earth in real time as was already leaked by former employee Edward Snowden several years ago along with details of how the US government has been actively collaborating with extraterrestrial forces since World War II. Over the last 70 years, these eight foot tall white humans from another planet have given the USA the majority of the advanced technology we use today in exchange for helping them to discretely rule this world.
Over the last two years as Bitcoin, Ethereum, Litecoin, and the rise of altcoins showed the highest levels of governments the rising power of blockchain technology in the hands of users not under direct supervision, the logical response was to put a few of the agency's best computer scientists to work using quantum computers to basically brute force the private keys and encryption on the most vulnerable targets which were the exchange wallets because these wallets are easy to locate and hold massive amounts of digital currency.
Armed with the ability to instantly destroy the top exchanges and end user trust in these cryptocurrencies, the government now can afford to play nice without having to fear a revolution in money. Would you join me in learning more about this, because I think this is critical information for all of us investing in cryptocurrencies to be aware of in considering our future?
The Cryptocurrency Kill Switch
I'm grateful today that I have about $100,000 in Steem which is the only cryptocurrency I feel has mass adoption potential going forward. Meanwhile, I realize this can be all taken away with just an email because of simple facts we can each look up online.
How did I figure this out? Since I've been investing in cryptocurrencies over the last several years, I've continued to ask one question:
Why are governments not acting more scared and confrontational with cryptocurrencies? Governments are looking at potentially being wiped out by all these cryptocurrencies, these revolutionary financial instruments that allow individuals like you and me to take control of money.
With us taking control of money as individual citizens, we are also potentially taking the power away, the number one instrument of power away from governments.
I've continued to ask:
Why aren't governments fighting back the way say I would fight back if my wife invited another attractive man to stay with us and kept bringing more and more of them home?
Why don't governments try to just ban cryptocurrencies or regulate them to death, or take other actions that are hostile or confrontational towards cryptocurrencies? I continue to ask this question because as an investor in cryptocurrencies, this one thing kept not adding up and kept bothering me.
I got an answer.
I call it the "Private Key Spreadsheet."
Now, what I'm showing you here is a publicly available Bitcoin private key database located here http://directory.io. This has all the private keys for every Bitcoin wallet apparently in this.
Now, at first you might think, “Oh my god.”
It’s no big deal because as you can see there's a lot of pages. If we go over here, that's a thousand, then that's a million, a billion, a trillion…
You can see Bitcoin works because while you can generate every single private key, then how would you know which wallet to load this address into? On top of that, how would it be possible to break encryption on a wallet with that private key in it?
Theoretically, if just by dumb luck you loaded up these private keys, you could use a private key and just randomly open a wallet assuming it wasn't encrypted which is probably true of many wallets in all different digital currencies. For months I had a Dash masternode in a wallet that was unencrypted because I was scared of locking myself out of my own wallet!
This means you could theoretically, in simple terms, just pull a private key and load up a wallet, but the odds aren’t very good if you look at all these numbers.
There's one thing that's going to essentially ruin this, it’s called "Quantum computing."
The current computers we have are powerful, but Quantum computers are predicted within five years to be able to essentially crack the algorithms that protect cryptocurrencies.
This means that computers could sit there and just figure out exactly which private key to un-encrypt information, just by Brute Force, essentially, by using an algorithm that the computer is so fast, it can sit there, and just figure it out.
Google expects to achieve what's called "Quantum Supremacy" by the end of 2017. IBM says that the best classical computers will be beaten on some task within about five years.
Quantum Supremacy has not been achieved yet and some skeptics doubt it will ever be. There are obstacles to it, there are various reasons people suggest it's not achievable, but here's the thing.
Do you think our governments give out the very best technology as soon as it is available?
Or is it more likely our governments have the best technology first, and then allow it to be publicly released through companies afterwards?
Let’s look back in history a little bit.
In World War II, when we were researching atomic bombs, do you think this was immediately publicly available as well?
No, in fact, that information was kept secret, and an atomic bomb was dropped on people, and killed hundreds of thousands of people, before hardly anyone even knew about it.
Yet our government — I'm in the USA — had this information way before anyone else did.
Now, do you think that process has simply stopped?
Do you think the government makes available the very best computers in public when companies are sitting there and making new discoveries?
Do you think the government just lets this go on?
Or do you think they come in and say, “Hey, you're going to give this to us first, and then you can make this publicly available in five years.”
I am certain that the government already has Quantum computers.
The government not only has one or a couple working Quantum computers, the government has a lot of Quantum computers already. The government has had Quantum computers for years, that's why we are seeing things like this where companies are expecting to achieve Quantum Supremacy.
Why are they expecting to achieve that?
Google expects to achieve Quantum Supremacy in just a few years. The government already has computers powerful enough to crack almost every single cryptocurrency, and not only does it have computers powerful enough to do that, the government has already done that.
All these cryptocurrencies we see here, the government has gone through, just to make sure it's possible, and cracked the private keys on the biggest wallets.
You can see exactly that the addresses each have matching private keys to them, and I call it the "Private Key Spreadsheet," but obviously there's more than that, that's the simple version of it.
The government has a spreadsheet in something ordinary like Microsoft Excel or something like that. It literally has a spreadsheet that could be given to a hacker who could allow all the Bitcoin and all the other currencies with high volume and high value, to just be taken all off an exchange at once.
With one email, this spreadsheet could be sent out to any hacker or done internally to make sure things didn't get messed up. The government has the ability to wipe out all user trust in cryptocurrencies at the drop of a hat.
Now, this is just simply logical, when we look at the things that are available and that are already publicly being discussed, it's only reasonable the government is at least 5 if not 10 years ahead on these things.
It's only reasonable that what was done in the past such as secret research projects, is continuing now, it is public knowledge. The government has gigantic secret research bases often referred to as Area 51 and 52. It is even theorized that there's a secret government that really runs the country, and makes phone calls to politicians, and tells them what to do, and they end up having accidents or being killed if they don't follow the instructions.
Now, you can get further out into those things if you want to, this is just logical. The government has technology that’s superior to our own. The government has the addresses which are easily obtainable directly from cryptocurrency exchanges. The government use Quantum computers to crack all the wallets open, and at any time can clean the wallets out for all of the top exchanges just by sending an email and that would immediately crush the whole market.
Imagine if one or two huge exchanges got their whole wallet cleaned out at the same time. It would ruin all trust, there’d be a massive sell-off, and cryptocurrencies would essentially die.
Now, I'm not saying this is something we should be afraid of, this explains why governments do not need to fight cryptocurrencies. Governments do not need to attack cryptocurrencies because governments — I don't know if every government in the world per se, but I'm certain the US government and allies — have the ability to crush cryptocurrencies at the drop of a hat.
I would guess China does not have this ability. You can see their responses, and essentially the regulations and the fear there.
Think about it this way, if you could end the cryptocurrencies at any time, there’d be no reason to fear them. When you can just push a button, send an email and cryptocurrencies will be wiped out, there's no reason to attack them or be afraid of them, in fact, it's kind of a fun game.
“Oh, let's see what these people do with these cryptocurrencies. If they get out of hand, we will regulate them at a minimum just to keep things reasonable, but if they really start to make a big difference, we can just wipe them out, and it won't be a big deal.”
I think this is really valuable information to have a hold of, I'm very grateful today that I just logically put this together: a Bitcoin and private key database, plus Quantum computers to crack encryption, and that's it, that's all you'd need to do.