Part V A Brief Introduction to Bitcoin.

Kristin Lund- Mathers

26 Dec 2023 • 31 min read

"Those who would give up essential liberty, to purchase a little temporary safety, deserve neither liberty nor safety." Benjamin Franklin

Q drop 1269 04/25/2018 16:33:17

Are you awake?
Do you SEE (for yourself) the MSM = propaganda tool of the LEFT?
Do you SEE FB/Twitter/GOOG censoring non LEFT POVs? (POV = points of view)
Do you SEE the corruption?
Do you SEE the EVIL?
Are you a SLAVE?
Are you CONTROLLED?
Are you a SHEEP?
ARE YOU AWAKE?
DO YOU THINK FOR YOURSELF?
LEARN THE TRUTH.
FACTS.
HISTORY.
THE GREAT AWAKENING.
THEY ARE LOSING CONTROL.
RESPECT OPINION OR ATTACK THOSE WHO DARE CHALLENGE THE NARRATIVE?
IT’S RIGHT IN FRONT OF YOU.
WHO ARE THE TRUE FASCISTS?
WHO ARE THE TRUE RACISTS?
WHY DOES THE ANTIFA FLAG MIMIC THAT OF THE NAZIS?
COINCIDENCE?
FOR HUMANITY - WAKE UP - LEARN.
FIGHT FIGHT FIGHT
WHERE WE GO ONE, WE GO ALL!
Q

Based on everything you have read so far, we know the following: (If you have not read earlier parts, go "to view in browser" above and you can see all the previous parts, as well as future parts (I polish one weekly and unpublished and republish it, so if it hasn't been republished it might be dated.)

fiat banking is evil/based on theft, encourages corruption and theft. (See Part I)
The banksters and government gangsters lie to you and want to keep you in the dark about their con. (See Part II)
The banksters want to create a CBDC in order to solidify their control over you and your progeny forever (note: the link goes to a google page for CBDC news. Notice how the MSM tries to frame a CBDC in a good light, notice how other articles tell you what is really going on. Learn to read the psyop). We know they will not give back freedoms they have already taken. No tyrant gives freedoms, once taken, back to the people. (See Parts I and II)
We are at war with the banksters and government gangsters, not each other. (See Parts I and II)
We cannot fight this war kinetically, because the enemy has infiltrated our country. This is not a traditional war, it is a war for your mind and soul. We fight this war by learning and disseminating the truth so others may also awaken from the brainwashing in our public schools, in television and entertainment, and even in medicine. (See Parts I, II, and III)
Your taxes and government bonds fund the evils of war, pedophilia, human trafficking, drug trafficking, an alien invasion, paying for those aliens to be transported and organized into cells and to live until they are "activated" and we are invaded kinetically from within, and all things that are colluding for the demise of America. By funding this in any way, you give them your consent to continue their plague on humanity. By staying in their system and paying their unconstitutional, voluntary taxes, and seeking the "safety" of their bonds, you are funding your own demise. It is the opposite of God's command to do unto the harlot what she has done to you and to all the martyrs and saints and Jesus. You fight back by withdrawing your consent. You fight back by "Render(ing) unto Caesar what is Caesar's" (See Parts I, II and III)
The Bible gives us sign posts for defeating this evil and choosing sound money. Money that is a tool, not a toll. Money that cannot be created or controlled. (See Part III)
The Patriots have a plan to defeat the invisible enemy, and vanquish the cabal of banksters and their henchmen and save humanity. That plan is to “not interfere with an enemy in the process of destroying itself”. Let the evil banksters, collapse the dollar, while we the people move out of their system, aiding them in their demise. That plan is bitcoin. (See Part IV)
Just as the banksters offered better exchange rates for savers who converted early, when they “restructure” a dying fiat currency, early adopters of bitcoin are getting better exchange rates, than bitcoin will be in the future. (See Parts I and II, we will delve deeply into this in Part VI)
As Jesus said, “The last shall be first and the first shall be last.” People who have had economic hardship take in this info with much less bias, than people who have profited off of the fiat system. I know, I have talked to them. The people who have profited off of fiat, are far harder to reason with when it comes to this. They ridicule me because they have no true actual argument, and they do not seek to understand and instead rely on their own uninformed preconceived notions rather than fact. But the people who are last currently, listen with greater intent, they are open to the logic. (See Parts III and IV)
the Bible gives us multiple signposts and parables that tell us to prepare for the coming of the "Bridegroom". Is the Bridegroom also the "Promised Land"? It also tells us to adopt "gold refined by fire" that God will come and vanquish His enemies with "the last Trump". In Revalations, God tells us to rug pull the central banks and to "render to her double what she has rendered to all of man". (For more on this read Part III.)

I have made the case, that bitcoin is the answer to all of the above issues. In the next issue, we will discuss the financial case for bitcoin, but before we do that, let’s talk about why bitcoin is the soundest money we have on the planet today, and how it defeats the cabal.

First, let's look at various forms of money/currency throughout history. Sound money/money you can trust is characterized by the following principles:

Scarcity - Is there a finite amount? Gold has continually emerged as sound money throughout history because it is scarce, and the miners can only add a small amount of supply each year.
Portability- the ability to transport money with the least amount of risk or loss. Paper money came about, because gold was too hard to transport.
Fungibility - this means that one unit is like all other units so merchants can trust that what you give them is like any other unit of exchange, so they can accept it and trust it.
Divisibility - can it be broken into smaller units of account?
Does it hold value over time?
Does it hold value across space? Can you bring it to another country and use it?
No entity can control it or debase it through counterfeit, or excess printing or double spending (layered money).

What is Layered money? We will discuss after we look at a brief history of gold and how double spending/layered money came into existence.

Why can’t we go back to a Gold standard?

Up until now, gold and silver have continuously emerged as the agreed upon money when fiat currency fails. Unfortunately, the temptation to print more paper than the banks hold in gold, has shown throughout time, EVERY TIME to be too great. Mortals cannot avert the temptation. Furthermore, gold is at the root of many wars, with the invaders intent on stealing the wealth (I.e. gold, and oil and other resources from the nation they are invading). Another temptation that is too great.

With gold, it has good properties of money, and some bad. The good are that it is scarce, must be mined/earned into existence, and it holds value over time. The bad are that it is cumbersome and not portable. Throughout history, to get over the portability factor, people deposited their gold in vaults and received paper IOU’s for their deposits, which they then traded as though it was the actual gold itself. The vault owners (the banksters), soon realized they had all this gold sitting around that could be lent into the economy, so they lent out the gold in order to not just make the storage fee off the depositor, but interest off of the loaning of the gold itself. This is theft.

They also had a tendency to print more IOU’s than they had gold in the vault. This is also theft, because it inflates the currency and devalues the paper in existence (there is no gold to back it). The first is outright, loaning someone else’s assets to make a profit without their knowing, the second, is more subtle, the debasement of purchasing power though printing more “dollars” (or whatever fiat name you choose) than they have gold to back them. They also knew how to use layered money, to lend more money into the economy that there was gold in the vault.

Eventually there is not enough gold in the vault to cover all their crimes, and so the money goes full fiat. The Ponzi scheme fails every time, but the government gangsters bail out the Banksters, and the taxpayers are on the hook for the corrupt cabal’s little party and evil scheme. Nixon took the dollar off the gold standard in the US in 1971. This cycle goes back millennia.

Going back to a gold standard ALWAYS involves 3rd party counter risk because of the portability issue with gold. And that bleeds into eventually going full fiat, because the people in power cannot resist the temptation.

The definition of insanity is doing the same thing over and over again, expecting a different result. You cannot go back to a gold standard and expect a different result, when history has shown this to FAIL EVERY SINGLE TIME. Going back to a gold standard is INSANE. Man has advanced technologically enough that we can create and use a new system, ideally one that is decentralized, so that there is no 3rd party counter risk, one that allows the owner of his own money to be self sovereign, wherever he goes on this planet, under whatever government he chooses. Under a new system, the government would be forced to serve the people, not the banksters.

5) Is gold sound money?

Is it scarce? Yes, although more can be mined, so it is eventually not as scarce as bitcoin.
Is it portable? Ultimately, no, not without 3rd party counter risk.
Is it fungible? It is in that one gold coin is like another, but people are crafty, and in ancient days, people tried to counterfeit gold by taking a cheaper metal and overlaying it with gold. It even happens today. Gold has a lot of 3rd party counter risks for this reason. People want to trust someone who says the gold is real, so they don't accept it as a medium of exchange. Given our propensity to do things the easiest way possible, I don’t see people walking around with gold coins in their pockets, and making change, especially when most young people barely know how to make change!
Is it divisible? Yes but requires lots of coinage to do so.
Does it hold value over time? Historically yes, but if people can hold digital assets far more easily, and not have to pay to store them, or worry about theft, or pay taxes on them, which option will they choose? People are lazy/seek the most convenient path and bitcoin is the easiest to hold and transact. For all these reasons, gold and silver have not been chosen without a paper wrapper for hundreds of years (except in short term scenarios of chaos) as money.
Does it hold value across space? Yes, but the portability issue and the issue of 3rd party counter risk come into play. If you live in Naples, Florida and want to buy a property in Rome, Italy with gold, you may have the gold, and the seller may accept the gold as a medium of exchange, but how are you going to transfer the gold to the seller without 3rd party counter risk, or the risk of loss or theft in transporting it yourself?
Can it be counterfeited, printed , or double spent? Because it is hard to transport, this has always led to 3rd party counter risk, and eventually the bankster who holds the gold, prints more IOU's than there is gold in the vault and lends more IOU's that can default, putting the depositors' money and the whole system at risk. So, yes.

What is Layered money?

Let’s first review what a Ponzi scheme is.

As, the linked article points out the key points of a Ponzi scheme are as follows:

“The Ponzi scheme generates returns for older investors by acquiring new investors, who are promised a large profit at little to no risk.” In the case of central banks and the smaller banks, the return fluctuates according to their whims, but it is still marketed as a return with little to no risk.
“The fraudulent investment scheme is premised on using new investors' funds to pay the earlier backers.” As you will see in this section. This is what the banks do.
“Companies that engage in a Ponzi scheme focus their energy into attracting new clients to make investments, otherwise their scheme will become illiquid.” In other words, what keeps a Ponzi scheme going is LIQUIDITY.
“The SEC has issued guidance on what to look for in potential Ponzi schemes including guarantee of returns or unregistered investment vehicles with the SEC.” I left this in here because it is irony and hypocrisy at the same time! The government is protecting you from OTHER Ponzi scheme’s while perpetrating the largest of all time on you!
“The largest Ponzi scheme was carried out by Bernie Madoff, conning thousands of investors out of billions of dollars.”

I would beg to differ on the largest Ponzi scheme of all time. As you will see, the largest Ponzi scheme of all time is the central banks of the world, and their creation and control of fiat currency. Ponzi schemes fail, when more investors want to get out than there are new investors coming in. Ponzi schemes fail due to a lack of liquidity. The banking Ponzi, is more complex than other Ponzi schemes because the banks are backed by the guns of the federal government. Until people lose faith, and the currency collapses, the Ponzi continues. OR if there is too much debt, (meaning there is too much interest owed and there is not enough money in the system to keep the Ponzi alive) the Ponzi collapses. Either way, we are at that point. The banksters like to collapse their currencies in a controlled demolition under the cover of war, so they can keep the con going. This time will be different.

The Fed is not the only entity that prints money. The banks carry on the tradition of loaning out other people’s gold, now currency. In essence printing currency because they still owe the debt to the depositor, but they also loaned it out to the borrower to make a profit. This is called Fractional Reserve Banking, or layered money (a Ponzi scheme). Again, never printing into existence the interest on the debt.

But, it is worse than that. When you deposit, your $1000 into a bank, and that bank loans $900 of it to Sally to buy a coat, let’s say. Sally buys her coat and the seller deposits $900 in his bank, and that bank loans 90% of that money to Bob, to buy something else, the receiver of that money deposits it in his bank and that bank loans out 90% of that deposit. Your $1000 becomes $9000 of layered money/ liquidity in the banking system.

The constraints on the growth of the system are that deposits must remain 10% of the outstanding loans made (at what they paid for them). If depositors withdraw their money and the bank falls below that 10% threshold (an awfully small margin for error, but in England it is only 3%), then the bank fails to meet it’s fractional reserve requirements and it is insolvent. If the bank holds assets that they cannot sell for what they paid for them, because they need to pay back depositors, the bank is also insolvent. And no interest was ever created to pay the interest on the debt. Eventually when there is too much debt in any fiat system, it collapses. Fiat currency is a Ponzi scheme.

The banks also are complicit, or forced to be, in the feds criminal activity; they must buy the government bonds with some of their deposits. When the Fed lowers rates, the banks lend a portion of their deposits to fill up on loans to both the government and to the general public in the form of business loans, credit card loans and real estate loans, so the bank can make a profit.

When the Fed raises rates and creates a crisis, the banks are stuck with mostly fixed rate loans that are now lower than the rate that depositors can earn elsewhere. Since bond yields are inverse to price, if these underwater banks wanted to sell their existing portfolio, a buyer would want it at a discount, in order that the portfolio would yield the prevailing rate for the new investor.

The banks and credit unions, etc. are caught upside down. They used their depositors existing capital to make loans at much lower rates than the now prevailing higher rates, making them under water and their businesses, nearly insolvent. The only way the banks can make it through this, is if, their depositors remain depositors in their bank AND the fed lowers rates to whatever the prevailing rate on the banks portfolio AND the bank can sell their loans or hold those loans to maturity.

The banks do not want to suffer the losses and the fed pretends to help them by kicking the can down the road, BUT that is all they are doing. And, as you will see in Part VI, they can’t do it much longer.

3) Does Fiat have the properties of sound money?

Is it scarce? No, they print it until the con is up and everyone realizes that its is worthless. Then they “restructure the debt” to roll it into a new Ponzi. No one ever asks the question of how the debt was obtained and if it is legal or theft?
Is it portable? No. We were recently in Italy for my sister’s wedding. The vendors all wanted cash, but we did not know in advance and had not brought enough with us, and could not get it. Not through Western Union, not through banks, not through ATM’s ($250/day limit), not through the hotel ($500 for the entire group for the entire trip). Can you really go to another country and withdraw your wealth in fiat currency? No. But you can through bitcoin. We could have also paid them in bitcoin instead of fiat.
Is it fungible? Yes, for now, but with inflation your purchasing power erodes over time.
Is it divisible? Yes, to a degree, but not to the degree that bitcoin is. It does not need to be, they just print more.
Does it hold value over time? Obviously not! The dollar has sort of (it has lost 98% of its value in the last 110 years) so far, because it has been the world reserve currency. But all fiat currencies die whether they command world reserve status or not. So, eventually no. The question is when? And we will also get to that in Part VI.
Does it hold value across space? The dollar has for the better part of the last 50 years, but all fiat currencies are failing. The dollar is just the prettiest pig. Bitcoin does truly hold value across space, as you can convert it into any fiat currency in the world if you want to.
Can it be printed, counterfeited or double spent? Yes, that is what layered money is.

2) What is bitcoin?

Bitcoin is a number of things. Bitcoin with a capital B is a system for creating smart contracts and digital assets (like the NFT’s we discussed in Part IV); while bitcoin with a small b is a digital asset that can be spent like currency, only it is sound money "digital gold", not currency. For this, we are concerned with bitcoin as a sound money.

Like gold, bitcoin assets must be “mined” into existence/earned. Bitcoin is earned by cyphering the code for each block that is released. This involves solving a series of complex algorithms. The goal is for one of these problems to be solved every 10 minutes, if more computing power is directed at “mining” bitcoin, then the problems get harder to keep the timeframe, fewer attempts and the problems get easier in order to keep the 10 minute block release.

The “prize” halves every 4 years making bitcoin more scarce, until there is no “prize” after 2140. Right now the “prize” is just over 6 bitcoin for each successfully solved algorithm, in April of 2024, the prize will halve to just over 3. Making bitcoin more and more scarce until we reach 2140 when the is no "prize". This every 4 year reduction in the "prize" is called "the halving".

There are currently millions of computers mining bitcoin. When a computer mines a block of bitcoin, the other computers must authenticate it in order for the reward to be released. They authenticate it by using the newly created solution to backtest the problem, if the solution provided, does, in fact solve, the problem, then it is authenticated and the miner who solved it wins the prize, if the solution cannot be authenticated (a false block), then everyone goes back to mining, but the miner who presented the false block is put on notice by the other miners. Miners are incentivized to be honest and to keep each other honest.

Because it is a decentralized network, everyone has aa copy of the ledger, a copy of the software, and a block history. It all has to match for the system to work. Likewise, using the lightning network, that separately verifies transactions, they upload all the bitcoin transactions that have taken place in the marketplace, so that the ledger is always kept up to date, on every node.

It is for this reason, that bitcoin cannot be hacked, you would have to hack ALL 1 million plus computers and their ledgers and the code, and all the blocks AT THE SAME TIME. And you would have to alter every block since the inception of bitcoin. As of this writing, this is roughly 840,960 blocks, so the odds of being able to hack bitcoin are 840,960 to the POWER of the number of mining nodes. It would be far too costly to hack, actually impossible. The energy required would be that of 3.5 US Navy's! Better to mine bitcoin yourself and obtain it honestly. The blockchain is the ledger, the cryptography is the cipher in order to send it and keep it safe, and millions of computers are competing every minute of every day to solve the next block and earn the coins associated with it. You can buy one of these computers for under $1000 and mine bitcoin yourself. This has the added benefit that it further decentralizes the network and creates more nodes to keep everyone honest.

This is a lot to process, but said simply, since the code is open sourced and decentralized, and the ledger is open sourced and decentralized, it keeps everyone honest, because everyone has a vested interest, and a copy of the ledger and the code. No one can change the code without 51% of the nodes agreeing on the change. The more nodes, the more decentralized, and the more bitcoin adheres to the will of the free market. In 2140, all the bitcoin in existence will have been “mined”. After that miners will earn small fees on transactions. Currently this is far less than credit card processing fees, so merchants love it.

For those of you concerned that when there is no more prize, the transaction fees will be high or that miners will consolidate and agree to screw up the whole thing, miners say that the network will probably become more decentralized over the next 116 years, and anyone will be able to use an idle computer to mine. In fact, mining basically started in people's garages or basements. So, there are lots of individual miners out there. In the future, I will write about my experience mining bitcoin for you, so you can see how easy it is to do this yourself.

Developers are also using Bitcoin (with a big B) to write code that makes bitcoin (small b) more effecient. Lightning is one of these tools. Lightning uses peer to peer access points to confirm previous transactions and bundle them into the next block, so the miners do not have to do this work of confirming transactions as valid. This increases the efficiency of the whole network, as well as transaction speeds, it also drives the cost per transaction down massively.

I also believe, that not all other crypto will fail, there will be other crypto currencies that are useful for transacting, and there should be competition! But with thousands of crypto-currencies, why try to choose which ones will survive? It is far easier to just wait in bitcoin; the only crypto that is sound money.

Bitcoin (with a capital B) as a system, or program, is far more complex, but can be used in a myriad of ways to make the currency safer and more robust. We talked about one of these earlier, when we discussed NFT’s in Part IV. But, it is more robust than just NFT’s. For example, if you wanted to invest in someones business, you could use Bitcoin (With a capital B) to set up a contract where the capital (bitcoin) is only released after the receiver performs certain tasks. Or you could write a will where your heirs only receive bitcoin if they reach a certain age or perform certain tasks.

Bitcoin: The End of Money as we Know it- This is an excellent video that sums up many of the concepts we have explored so far, and also provides some context for Part VI.

4) How do we know bitcoin is sound money?

It is scarce, there will only be 21,000,000 bitcoin ever created. Within each bitcoin, there are 100 million Satoshi. Currently, there are just over 19,000,000 mined. The next 2 million will be released over the next 116 years. As bitcoin becomes more scarce, and the dollar loses value through the printing press, bitcoin’s price relative to all fiat currency will rise dramatically while real yields on fiat denominated currency fall in value. Because bitcoin is finite, it is deflationary, which is a good thing.
Bitcoin is portable, you can literally take it with you in your mind along with the clothes on your back and set up again elsewhere, taking your wealth with you. You cannot do that with fiat, gold, or silver. No other currency or money has ever existed that is more portable than bitcoin. Michael Saylor asks the following questions to illustrate this point. If you brought $100,000 worth of gold bars with you to the airport and tried to travel with it, what would happen? They would confiscate it and consider that you obtained it illegally and assume you are a criminal. What about $100,000 in cash? Same thing. But they would not even know if you had bitcoin.
It is fungible. All bitcoin is the same, except it is held in cryptographically locked addresses. Unless we have crazy times, the grocery store is not going to take your silver and gold coins in exchange for groceries. A friend of mine is patenting a gold backed credit card, but the credit card company still holds your gold, which gives way to 3rd party counter risk, and the whole vicious cycle discussed in parts I and II. And they then have to divide the gold and transport the gold to the merchant, which is costly and invites theft. With bitcoin, you can buy almost anything, with the reading of a QR code, and you can do it almost anywhere in the world. Not all merchants take bitcoin, but that is rapidly changing.
It is divisible. With gold and silver, they are not infinitely divisible without physically breaking the coins into smaller pieces, or having smaller coins. Bitcoin in and of itself is infinitely divisible. Each satoshi, can be broken down into 1000 milli satoshi. What is interesting about this, is a few things, if a satoshi, ended up settling at the end of all this for more than $1 per satoshi, millisatoshi can be used for price discovery, and the system does not need any alteration to it. Lightning has brought millisatoshi into use because the fees have dropped below 1 satoshi, and can be paid in millisatoshi. Bitcoin is infinitely divisible and does not involve making change or clipping coins in order to be divisible, it just is designed that way. No other money in history offers the divisibility, scarcity and portability of bitcoin.
Bitcoin holds value over time. As more and more countries devalue their worthless fiat currencies, people are recognizing bitcoin for the true value that it provides in this aspect. In fact, as we now have something to compare it to, we see it rising in value, relative to other things. At the end of the day 1btc=1btc and whatever you can purchase with it. Because bitcoin holds value over time, prices of everyday goods and services will fall relative to sound money, because of technology and increased efficiency of production over time. The only reason everyday goods rise in price over time, is because an increased supply of money chasing fewer goods causes prices to rise. But if you flip that scenario, everyday goods become less expensive over time.
Bitcoin holds value across space. Eventually the same goods priced in bitcoin will be a similar price all over the world, unless those items are obtained in remote areas where the expense to transport them is higher.
Because bitcoin is based on math, no one can change it. They cannot create more, like they can with fiat currency. Because bitcoin adheres to a set of math principles, it cannot be altered or controlled without consensus. With advances in technology consumer prices will fall relative to bitcoin, without the inflation tax and income taxes robbing people’s productivity. Additionally, it cannot be used to create layered money. Once bitcoin is housed in the ledger, you cannot lend it out multiple times at the same time, you cannot spend it more than once.

6) Why not choose some other crypto currency or some basket of cryptocurrencies?

Other crypto currencies, are still currencies. Only bitcoin fits the concept of sound money. The others are centralized and can be created out of thin air, so they are therefore inflatable and not scarce. They do have to be earned into existence, but they are not limited in scarcity, all have a CEO (centralization) who can create more coins at the touch of a button, without any input from the miners or users. They all follow the formula of Wall Street’s “Pump and Dump” stock operations of the 1980’s. They are all fiat currency. I do think that competition is good for bitcoin, and other cryptocurrencies will survive, however,choosing which one is too difficult a task.

Bitcoin objections

“I don’t invest in things I don’t understand.” There are all sorts of things you might not completely understand, but you own them so you invested in them. Do you know how to work on your car? Repair your cell phone? In war, you might have to learn some of those things or go without them if they break. We are at war, it’s time to start understanding some things you don’t understand, so you can not only fight, but survive the war. Boone Cutler, who wrote 5gw, and AI with General Flynn suggests having a network of people who know how to do things you don’t know how to do. I can’t fix your car, but I can help you get out of their system and to Galt’s Gulch, or the Promised Land, which is bitcoin. Furthermore, when I talk to people about fiat money, few know that the Federal Reserve is not Federal and has no Reserves. If they do know that, then many do not understand that it is a private banking cartel, that does not pay taxes on the money they create out of thin air, or that every dollar created in their system has interest attached to it, that they set. You have used/invested in the dollar without truly understanding that it is a Ponzi scheme.
“I’m trying to preserve wealth not grow it.” If we have hyper inflation, nothing will preserve wealth like physical property. Bitcoin is digital physical property, it is the only thing you can own that’s free and clear of taxes (if you keep it, or spend it) besides gold and silver, and maybe other commodities (again, if you keep them, or use them). Physical property is taxed/has to be insured/has to be maintained/has to be stored somewhere safe, so it’s an asset and a liability. While bitcoin, once you own it, is an asset that can be easily traded anywhere in the world. If you had to flee the country, bitcoin is the only thing you could easily take with you without having to smuggle it because you can carry it in your mind and it exists on a decentralized network. If we go through a "dark winter" and get to hyper inflation, stores will accept your gold and your bitcoin, but they may not take your dollars. And if they do take dollars the prices will be going up as the dollar goes down. However, relative to the dollar, Bitcoin will be going up, so it’s a hedge against inflation. Eventually, do you think it will be easiest for people to price things in terms of worthless currencies, or gold or bitcoin? Too many countries and citizens of countries with hyper inflation, have successfully used bitcoin. Unfortunately, people are inherently lazy, which makes them choose the most efficient system. That system is bitcoin. Gold is not easy, or portable. You cannot carry gold on your cellphone, or a digital wallet. Nothing will preserve wealth like bitcoin. It is the only asset you can own without the cost of storage, taxes, etc.
“Bitcoin could be hacked.” No it cannot because it’s decentralized and transparent. In early October of 2023, someone tried to register a false block and it got rejected by all the other nodes on the network. You and I can run our own node. Everyone can. Because everyone has a vested interest in keeping the network honest, bad actors get shut down immediately. It’s not the block chain that’s unique about bitcoin, the blockchain is the ledger, the cryptography is the cypher to keep bitcoin safe, and the decentralized network and the cryptography used to encode transactions is what makes it unhackable, and the open source network and transparency keep it honest. Furthermore, because of all the nodes/computers on the decentralized network (1 million of them) in order to hack bitcoin, you would need to hack all the nodes and all the blocks at the same time, it is impossible. Using AI would be more costly than just buying some bitcoin, or setting up your own node. Furthermore, bitcoin has been in existence for over 15 years, it has never been hacked. Go ask your bank if they can say the same. Even if you combined all the world's super computers, you could not hack bitcoin. The bitcoin network is so vast, that you would need the entire existing network of the world's supercomputers times 10,000!
“Someone could hack your bitcoin”, not if you self store it and keep it safe, honestly the biggest risk to owning Bitcoin is YOU, the owner, somehow losing it.
“bitcoin can’t do enough transactions.” Now with the lightning network on top of it (using Bitcoin software), it can. And it can be done instantaneously because lightning verifies and stores all those transactions and they are immediately written to the next block when it’s created.
“It will happen slowly, I have time.” Chat gpt had 150 million users its first month. With today's technology, when people realize the dollar is a con job and can no longer be conned, they will find bitcoin and S curve adoption will be swift. When currency dies (which they all are everywhere in the world) people fly to safety; commodities and property. Bitcoin is digital property. However it is scarce and finite. What will you buy it with if no one will take your dollars? And if it flies up the S curve, how much will you be able to afford with your worth less currency? Better to buy now and HODL (Hold on for Dear Life). Furthermore, currently 70% of the bitcoin in existence is in cold storage. That means those wallets are holding bitcoin, not trading it. We are very close to hyperbitcoinization, you do not have the time you think you might have. Bitcoin is VERY cheap compared to where it will go, but it is getting less cheap by the day. Of the 19 million in existence, 70% is held in cold storage. Prior to the introduction of ETF's in January, there were roughly 5 million coins for sale, that number is now dwindling at a pace of about 10,000 bitcoin per day while 908 are being created (this number halves in April). Bitcoin has outpaced gold in investor portfolios, and at the current rate of purchase we will run out of the existing stock of bitcoin in the Fall, at which point only 454 will be released per day, and those who wake up late, will have to pay an exorbitant price to get some satoshi's, never mind a full bitcoin. Why not prepare for a dark winter, and buy a little bitcoin to be safe?
“If the central bank wins, America will still be the best place to be.” Not if they truly get what they want, it will be CCP on steroids (See Parts I and II and III). They will confiscate your wealth and property, but they cannot confiscate your bitcoin, and as an owner of bitcoin you can take it anywhere in the world. You become a citizen of the world, and you can go to whichever country is free. When people were trying to flee the communists in China, they sewed their valuables into their clothes, but the guards searched their clothing, and confiscated it. When people were fleeing Rome when it was under attack and currency was worthless, they swallowed their precious stones, not the metals they were set in. People are fleeing blue states and those states want to impose exit taxes! You can’t swallow anything you own in enough quantity to set up someplace anew, besides stones,(but how would you get on a plane to get out, unless you owned one?) Your Bitcoin keys can exist in your mind, so you could escape with the clothes on your back, and your bitcoin in your mind, and go anywhere.
“Bitcoin was created by bad actors.” Then why does it have all the properties of gold and more? Why is it decentralized and therefore cannot be controlled? It and its owners force governments to be honest, because it is not currency, it is money, money that can’t be confiscated, controlled or counterfeited. The bad actors of the world, want you ignorant and enslaved, bitcoin demands that you be self sovereign and informed. Even if bad actors created it for whatever reason, no one can control it.
“What if the power goes out?” There are bitcoin miners all over the world, there’s one in the Philippines that uses a volcano to power it, even a “solar flare” won’t take out its power.
“What if the internet goes down?” Starlink. Plus other back up systems. Every miner holds the same ledger, so as long as at least one node exists, anywhere in the world, so does your Bitcoin. Better get a node, so you can mine and hold a copy of the ledger. Commerce might be shut down for a few days, but it would not destroy or devalue Bitcoin. I suppose if you took out all the nodes except your own you would effectively control bitcoin and could upload false coins (or just mine with no competition), but as soon as they got back on, the other nodes would have to go back and verify your false uploads. The worst thing that would happen in the case of a power/internet outage is that there would be fewer miners mining, so those miners still on the network would have less competition for the new blocks.
“But I can’t touch it.” That’s sort of the point. If you can’t touch it, it can’t be touched/stollen by others. Q said “gold will DESTROY the Fed.” Central banks are buying gold in unprecedented quantities. If gold will destroy the fed, will it destroy you too? 80% of the worlds gold is held as a physical store of wealth, not to actually use it. What happens to gold if it loses its value as a physical store of wealth, and becomes traded on the basis of usefulness alone? I also believe this phrase from Q has "multiple meanings". Bitcoin is referred to as "digital gold"; it will destroy the Federal Reserve and all the central banks of the world, along with their fiat currencies, and their reserve assets of physical gold and silver will not save them, or you.
“It requires too much energy.” This is hype, the energy exerted to mine bitcoin is actually a firewall that makes it safer. As this article explains, bitcoin at its zenith uses .1% of the world's energy usage, and it does so efficiently. Most of these miners are also on the forefront of creating renewable, more efficient forms of energy. The globalist cabal has been lying to you about energy, health and all sorts of things to keep you sick and enslaved in their system. On the other side of this, the bitcoin miners are creating ways that we will have free energy, and be able to use our devices to divert toward mining in their downtime. Currently, AI, in it's nascency, uses more energy than bitcoin.
“You should be diversified.” Too many people who say this to me are not diversified. All their assets are in dollars. They own stocks in dollars, they own bonds in dollars, they own loans in dollars, they own businesses that deal in dollars. You should be diversified… out of the dollar! We are so accustomed to the dollar and being the world's reserve currency that this paradigm shift is very hard to wrap your mind around. I know how you feel, I felt the same way too, but after reading all of this (and seeing the supporting material), I hope you will see the truth and find what I have found. You have to prepare for what’s coming and that means you need to A. Get out of dollars. Cash is king after a financial crisis, but what if your cash is no longer cash? You only need to look to Argentina to what happens to your assets denominated in fiat when it fails; you need bricks of paper to buy milk. What if you hold your cash in dollar denominated debt instruments that you lent to businesses or the government in the form of bonds? When that cash is wiped out so is the debt, so not only does your cash die, your outstanding loans do too (unless you go along with the CBDC, which will eventually enslave you). What you have borrowed and what you have lent, and what you have saved denominated in fiat, when the dollar dies to bitcoin, will be wiped out. Anything you must be paid back in dollars/other fiat will be worthless, including stocks. As the saying goes, “neither a borrower or a lender be.” We will cover this in depth in Part VI.
"Bitcoin is used by drug dealers and for illegal activity." The percentage of illicit activity financed by US dollars both in government and with the banksters as well as the general public, dwarfs the transactions of these activities done in bitcoin. The government only prosecutes the general public, not their cronies.
"Why would anyone in power want to go away from the dollar?" The people in power are corrupt and evil and have controlled the U.S. and other countries through the currency and, therefore, controlled the people. They do not care about the dollar or any other fiat currency; they care about CONTROLLING it. The swamp has to roll the dollar into another Ponzi; the dollar and all other fiat are at the end of their lifecycle. The central banksters know this and want a CBDC. The Patriots know this, and know "not to interfere with an enemy in the process of destroying itself." Financial analysts suggest putting in anywhere from 2-40% of your net worth in bitcoin. Based on everything you will learn throughout this paper, I hope you will "see" bitcoin and understand, that the plan is to force the people to "vote" with their money and either be enslaved forever, or rugpull the banksters as God commands.
"The dollar will last longer than other fiat currencies, and they can always kick the can down the road." We will delve deeply into why this is not the case in PartVI, but for various reasons explained previously, and the facts of the financial system, their plan has been accelerated.

The Great Reset and the Rise of Bitcoin - this is an excellent documentary that explains a lot of the concepts above in even more detail.

PLEASE NOTE: IF YOU DECIDE TO BUY BITCOIN. YOU MUST OWN IT YOURSELF IN ORDER TO BE ABLE TO TRULY USE IT. DO NOT USE A BANK OR BROKERAGE TO DO SO. YOU WILL LEARN WHY IN PART VI. YOU MUST CUSTODY YOUR OWN BITCOIN. PART VIII DESCRIBES HOW TO DO THAT. IF YOU WANT TO BUY BITCOIN. I USE RIVER. THEY SELF CUSTODY AND DO NOT BORROW OR LEND AGAINST YOUR ASSETS. HERE IS MY QR CODE TO LINK TO RIVER. I ALSO HAVE AN ACCOUNT REPRESENTATIVE, WITH WHOM YOU CAN WORK ALSO. HER NAME IS LINDSAY, AND HER CONTACT INFO IS IN THE REFERENCES IN PART VIII. RIVER DOES CHARGE A FEE, UNLESS YOU SET UP A RECURRING BUY ORDER. IF YOU WANT TO GET AWAY FROM FEES, I ALSO USE STRIKE. STRIKE DOES NOT CHARGE FEES ON BITCOIN PURCHASES UNDER $1000, AND YOU CAN SET UP DIRECT DEPOSIT FROM YOUR EMPLOYER, OR AS AN EMPLOYER FOR YOUR EMPLOYEES. YOU CAN USE THIS LINK ON YOUR PHONE ONLY, TO SET UP A STRIKE ACCOUNT, AND ONCE IT IS FUNDED YOU WILL RECEIVE $5 (THAT YOU CAN CHOOSE TO ACCEPT IN BITCOIN. HOW TO SET THIS UP IS IN PART VIII, BUT IT IS ALL PRETTY SELF EXPLANATORY. https://invite.strike.me/GPI99O You can also use the QR code below, to download river on your phone.

THIS IS NOT INVESTING ADVICE. DO YOUR OWN HOMEWORK. I HAVE INCLUDED LOTS OF RESOURCES HERE FOR YOU.

References:

If you still have faith in the dollar watch, Alpha Warrior's series with Colonel Towner on Rumble - This should be required watching. Even if you are down the rabithole and think you know, until you understand OPERATION GLADIO, you cannot know how our dollar and our CIA have been used to control the other nations of the world. There is a reason other countries hate us, and it is a good reason.

Alpha also co-hosts a show on Badlands called the Sitrep, they have been interviewing the Colonel recently about Operation Gladio.

GoldSilver Channel on YouTube 1929 vs. Now

Layered Money, by Nik Bhatia (How fiat banking works)

"Bitcoin for Dummies" - this does a good job of explaining some of the basics of bitcoin, however, it is dated (even the updated version). The link is to the cheat sheet that is published with the book. You can buy the most recent version on amazon or another book website.

The Bitcoin halving

Further explanation of Fractional reserve banking

Hidden Secrets of Money Series This is an excellent history of money, why gold has failed every time, and even your children can watch it. What he fails to understand is that gold has always failed, so going back to gold is insane. He does also cover bitcoin, and while the material is dated (bitcoin as a technology has vastly improved since he did the episode), he now also has bitcoin in his portfolio.

The Great Reset and the Rise of Bitcoin - this is an excellent documentary that explains a lot of the concepts above in even more detail.

The Bitcoin Standard bySaifedeam Ammous

The Bitcoin Whitepaper by Satoshi Nakamoto

Bitcoin under the hood - how the math and cryptography work to protect you in transactions. This is 10 years old, so it does not explain the lightning network, but describes the basics in cryptography.

The Lightning network; What is it and why should I care? with Andreas Antonopolis, an early bitcoin adapter and programmer.

See the references in previous parts.

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