SUMMARY: In this video, Stephan Molyneux describes the 'hidden dangers' of Bitcoin, one of which is the US trust based service sector about $3.4 TRILLION YEARLY! US bank fees alone generate $250 BILLION/year, global payment related revenue exceed $300 BILLION/year.... So if the Bitcoin price continues rising at the same pace, the transition to Bitcoin would cause an economic systemic shock, and possible entire collapse of the world economy. But with all the ongoing mania, this is too late now for potential Bitcoin owners to self-restrain. Bullishness has an price. That is why Goldman Sacks and other big sharks jumped in and will make sure that it doesn't happen under the guise of hunting crime. If the machinations go according plan, they will make it more and more difficult for people to use Bitcoin, the exuberance/mania will lose steam. In this scenario, psyops will deter investors from rushing in as time goes and Bitcoin will falter by much, what could cause its crash if too many decide to throw in the towel.
These TWO breakthroughs could WIPE OUT Bitcoin
SUMMARY: whoever controls more than 50% of the mining of the bitcoin blockchain, effectively controls the whole blockchain and can steal all the Bitcoins, which is why it is a system said "decentralized", to avoid that.... but... who could do this if the Bitcoin success continues? China and Russia, Mike Adams says. Quantum computing is the 2nd danger that could take down Bitcoin, almost instantly. Quantum computing is not longer sci-fi and will crack any cubit encryption, and sooner than we think.
EARTH CUSTODIANS COMMENT: The fear of the possibility of Chaos is the fear of true Freedom! Yes it is but in this case, many Bitcoin players are completely oblivious to the threats they have helped shape. Earth Custodians know that it is the end of the monetary paradigm so they watch all the events at play and only have invested in their higher-self. They have nothing to lose.
PREVIOUS BLOG ENTRIES
Vital Information for Crypto-hunters... What Ron Paul On Dollarvigilante Did Not Say | Mystery Unveiled: Why was 21 million picked as the number of bitcoins to be created? | Are PM's/Fiat/Cryptocurencies Sharing The Same Flaw? Here Comes **The** Rabbit Hole! | Value Of Bitcoin? Global Monetary System Has Devalued 47% Over The Last 10 Years | From Gold To Fiat And Cryptocurrencies, And The Fate Of Irrational Exuberance | Bitcoin & The Manic Bullishness Of The Crowds Struck Again (WAM/Jeff Berwick Talk Cryptocurrencies) | Materialism At Odds With Freedom And Decentralization | 'Life First' To End Money! Beyond Anarchy| The Problem With Power VS The Zero-Sum Game Economy
The Earth Custodians is not a "gloom and doom blog" as it promotes a different way of thinking to address any current human crises. We cannot resolve the problem with the same mindset that created it.
Human emotions being ruled by physics, Earth Custodians call for the adoption of a different way of thinking to promote conflict resolutions. Different but not new, because such concepts were already debated two thousands years ago: they are keys to grasp the unhealthy mechanics driving people's need for power structures, and as how to overcome them as well. Mainstream Psychology is on its death bed. Yes, it is possible to see way ahead of the curve, and if it takes one generation for a money-free society to take shape, that shouldn't prevent anyone from taking action, and using money to spread the word until a critical mass (20% of population) is reached. Please do not hesitate to visit our website and forum