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Can crypto be stopped by a government?

Discussion in 'The Kruse Longevity Center' started by Jack Kruse, Apr 3, 2021.

  1. Jack Kruse

    Jack Kruse Administrator

    The short answer is no.

    The growing success of Bitcoin is increasingly frightening the governments of most countries in the world. In the world’s major economies, the danger still seems remote, and so political leaders limit themselves to attacking Bitcoin with words without going any further.

    In emerging countries or countries with authoritarian regimes, things are already going further.

    This makes total sense because, in these countries, Bitcoin is already an everyday payment solution. Bitcoin is already a plan A for millions of people. Local currencies are therefore gradually being abandoned in favor of Bitcoin, which offers many advantages to these populations.

    The governments of these countries cannot stand such competition. Consider Morocco or Nigeria.

    Despite the complete ban on the use of Bitcoin and cryptocurrencies since 2017, Moroccan citizens continue to embrace the Bitcoin revolution.

    P2P trading volumes on the Bitcoin network continue to grow in Morocco. Citizens simply need Bitcoin daily.

    Not far from Morocco is Nigeria, which ranks among the countries with the highest volumes of P2P exchanges in the world with Bitcoin. This reflects several realities for Nigerian citizens.

    Bitcoin was created to give money power back to the people. To ban it is to show that the problem Bitcoin solves is real. Many politicians, therefore, do not want to take the risk of finally making Bitcoin even more popular.

    Because the problem with Bitcoin is insoluble for politicians: how can you ban the use of a decentralized payment system?

    It is simply impossible. Solutions have already been created that allow the Bitcoin network to continue to be used even without the Internet. As such, Bitcoin is anti-fragile. On a human level, it is important to understand that something that is forbidden attracts even more people.

    Prohibiting the use of something will drive more people to it.

    A good example can be seen in Morocco. In this North African country, only 29% of the inhabitants have access to a bank account according to a 2019 World Bank report. For Moroccans, a payment system like Bitcoin is, therefore, a necessity.

    The Central Bank of Morocco has undertaken research to develop its own digital currency in the future. Since 2017, Morocco had decided to ban Bitcoin and cryptocurrencies on its territory. The government had made it clear by the way that Bitcoin and cryptocurrency transactions were illegal in the country.

    Anyone found guilty of making such transactions would be severely punished.

    Despite the risks hanging over their heads, Moroccan citizens continued to use Bitcoin for everyday transactions. Remember what American political activist Fred Hampton once said when he was fighting for black civil rights in America:

    You can kill a revolutionary but you can never kill the revolution.

    So governments can go after Bitcoin revolutionaries, but they can’t kill the Bitcoin revolution. It has grown far too big now.

    The first is Nigeria’s difficult economic situation. The second is the devaluation of the local currency, the naira. With no easy access to the U.S. dollar, Nigerians are turning to Bitcoin.

    Bitcoin allows Nigerians to protect themselves from the economic mismanagement of often corrupt political leaders. Bitcoin protects them from both monetary inflation and the risk of censorship.

    This risk increased further in February 2021 when the Central Bank of Nigeria (CBN) reminded people that Bitcoin and cryptocurrencies are illegal in the country. The ban dates back to 2017, but until now, few sanctions had been taken against citizens using Bitcoin.

    The current success of Bitcoin in Nigeria is now such that the Central Bank of Nigeria has asked commercial banks to “identify individuals and entities” transacting to cryptocurrency exchange platforms to close their bank accounts immediately.

    This puts Nigerian citizens at risk when they want to exchange their BTC and other altcoins tokens for naira. Such transactions to repatriate fiat money to their bank accounts could mean the immediate closure of their bank accounts.

    In the past five years, Nigeria has traded over $566 million worth of Bitcoin on the Paxful platform. This trading volume puts Nigeria just behind the world leader on this platform, the United States.


    While the CBN plans to be uncompromising from now on, the people have plenty of reasons to continue to embrace Bitcoin regardless. In February 2021, inflation reached 17.33% in the country. This figure is all the more worrying as it is the highest it has been in 4 years.

    One U.S. dollar now trades for 480 nairas. While the Central Bank of Nigeria maintains an artificial exchange rate of 1 dollar for 380 nairas on the official market, no one in Nigeria is fooled.

    So Bitcoin is already a plan A for millions of Nigerians who want to preserve the fruits of their labor. The same will be true for all of us soon.

    While the use of Bitcoin for drug trafficking or money laundering does exist in Nigeria, as it does everywhere else in the world, it represents only a tiny portion of the ever-increasing Bitcoin trading volumes in Nigeria. The government is trying to fight Bitcoin when it goes against common sense.

    The battle that the Central Bank of Nigeria has embarked on is a losing one.

    People cannot give up on Bitcoin, because it is already their best option in every way. Bitcoin makes it easy for them to make everyday payments while protecting their wealth. Exchanges can be made via Telegram or WhatsApp to avoid possible checks by the Central Bank of Nigeria.

    Payment in fiat currency is then made via a simple bank transfer so that no mention is made of the cryptocurrency transaction.

    Merchants also see Bitcoin as an incredible tool for trading across borders while avoiding some exorbitant taxes. As the most populous country in Africa, Nigeria also has a strong diaspora around the world. Nigerians simply want to use the most convenient and advantageous system for their commercial or personal exchanges.

    Bitcoin is the most convenient system right now.


    You can’t stop a revolution like Bitcoin that meets the expectations of an entire people.

    It is all the more difficult when the political powers that be in a country like Nigeria are not able to offer Nigerians a real alternative.

    The attempt to ban Bitcoin will only strengthen its existence and use. This is already happening elsewhere in the world when governments ban Bitcoin and tighten controls on its use.

    This is a lesson for us all.

    It is always about control.

    Like anything in life, truth has its price. Are you willing to pay it for your health? Your wealth?

    The American public doesn't know that an economic reset is on the way, and the taxpayer doesn't even know that they don't know. They have been focused on COVID for a year by those helping the bankers by design. COVID was a compliance test for the greatest wealth transfer in human history.

    The current push for vaccine passports comes from the same governments that told us BTC is bad for us and “safety” meant hospital patients dying alone, families going hungry, and children being isolated to the point of suicide. Like lockdown, COVID passes have nothing to do with health. This is about economic and biologic control.
     
  2. Jack Kruse

    Jack Kruse Administrator

    Some people, like Ray Dalio recently, continue to explain that when Bitcoin becomes too great a threat to the fiat system, governments will do everything they can to ban it. I reject this notion.

    The example of Morocco, which can be seen in Nigeria or Pakistan for example, clearly shows that the United States, Canada, or Europe will have no interest in going in this direction.

    To guard against this kind of ban, Bitcoin must remain the most secure decentralized system in the world. It is Bitcoin’s decentralization that makes its users totally resistant to government censorship. If the fruits of your labor are stored within the Bitcoin network, no one can tell you how to use them, or take them away from you for arbitrary reasons.


    This is what all Bitcoin users in these emerging countries or authoritarian regimes are looking for above all else. BTC is the last bastion of the virus that infected our colonist Founding Fathers. The latest iteration of our government is an embarrassing shell of our Constitutional Republic.

    [​IMG]

    So you can rest assured. As long as Bitcoin will have the fundamental properties it has today, not even the banning of governments can prevent its adoption by the general public. We The People still have a chance to make a more perfect union and BTC is the wedding ring to seal that deal.

    Once a popular currency revolution like bitcoin is underway, there is no way to stop it. The powerful at the helm of the current system will have to accept it and adapt, or risk being totally overtaken in the future by the Bitcoin revolution.
     
  3. Jack Kruse

    Jack Kruse Administrator

    Whether we’d like to admit it or not, governments, in general, are some of the shadiest organizations out there. The bigger and more powerful the country, the more likely it is to sit on a massive pile of shocking secrets. Such is the United States case, which perhaps has the most significant number of conspiracy theories drafted in its honor.
    MK Ultra program
    The entire MK ULTRA program officially ran from the early 1950s until the 1970s. The CIA attempted to develop mind control methods, experimenting with LSD, among other things, on non-suspect/non-voluntary subjects in the United States, Canada, and elsewhere, in violation of the Nuremberg Protocols on Human Experiments.

    The Tuskegee syphilis experiments
    The Tuskegee Syphilis Experiments were experiments in which the US government claimed to treat African American men in Tuskegee, AL, for health problems. Instead, they gave them injections of saline to observe the long-term syphilis effects on them. This was also in violation of the Hippocratic Oath and the Nuremberg Protocols.

    Operation Northwoods
    Operation Northwoods was a document from the Joint Chiefs of Staff and the intelligence services. They brainstormed to conduct all kinds of operations to get the public to allow the US government to invade Cuba. They did this by organizing actual terrorist attacks in major American cities, accusing the Cubans, and shooting down a student charter plane going to Guatemala, pretending that the Cubans had done so.

    The Manhattan project
    Other medical experiments on unwitting/unwilling Americans violate the Nuremberg Protocols as part of the Manhattan Project’s post-WWII follow-up and spin-off programs. People were given plutonium and other radioactive substances by injection.

    Biological warfare experiments
    Biological, chemical, and electromagnetic warfare experiments were carried out in major US cities by the US military and navy (illegal and very immoral) — including San Francisco, Los Angeles, Chicago, and New York. Dangerous chemicals and biological agents were released into the air inside or outside the city to study the modes of spread and the affected areas (some of which have led to health problems, allergic reactions, and even some deaths).

    The FBI’s COINTELPRO program
    The FBI’s COINTELPRO program, which came to light after decades of operation under J. Edgar Hoover aimed to collect blackmail material illegal surveillance. He did this to Einstein and to a Beatle. More seriously, the program falsified cases against “dissidents” such as John Lennon and others involved in the peace movement.

    Operation Underworld
    Operation Underworld consisted of the FBI and organizations in the intelligence community making deals with organized crime members from WWII and at least until the Nixon administration. This is the program that Lee Harvey Oswald was part of. The operation made it possible for the crime lords to conduct their activities free from any federal interference, on condition that they occasionally carry out intelligence operations, thefts, and some attempted murders (including several failures against Fidel Castro). The official FBI position under J. Edgar Hoover was that the Mafia did not exist and was a myth.

    There are so many more things our government has done to us over the last 250 years, but this list is enough to get started. You can find documents on all of these topics in the Declassified National Security Archives at George Mason University, much of which can be found online.

    Another place to learn a lot about this — including COINTELPRO, MK ULTRA, and so on — is by looking up archived transcripts of the Church Commission hearings of 1975 — the Congressional hearings in which much of this has been revealed.

    In addition to the above, I recommend that one take a good look at archival footage from some Iran-Contra audiences from the mid to late 1980s, which are very revealing, especially some of the things said by Colonel Oliver North and Admiral James Poindexter. BTC is the vaccine for what ails us all.

    CITES:

     
  4. May I underscore Dr. @Jack Kruse statement -> "COVID was a compliance test for the greatest wealth transfer in human history."

    The American public is ready for its great reset.
     
  5. When asked why I've put so much of all I have into BTC, I reply -> it's a decision of social values not just for myself but others.
    January 7th 2021, my 401K became available; I put it all into GBTC IRA. Within one month, I "lost" over $100K.
    But this purchase is not a get rich intent for me.
    I see it as an investment into the lives of others.
    We may never see the results of the impact we make by our purchases.
     
    Victoria B. and Johan Lindstrøm like this.
  6. Penny

    Penny New Member

  7. Jack Kruse

    Jack Kruse Administrator

    She is an untrusted source.
     
    John Schumacher likes this.
  8. Michael CULLEN

    Michael CULLEN New Member

    Governments do not rule, Rothchilds do. Period.
     
    Helio Silva likes this.
  9. JanSz

    JanSz Gold

    That was within a month.
    But as of today before open,
    you have made $13 on each $100 invested. Not spectacular but at least positive.
    GBTC
    upload_2021-4-5_9-23-24.png

    But if that was actual BTC it would make a difference
    for some reason it does not looks like GBTC takes only 2% cut.
    @caroline
    here is an example of why it is a good idea to stay away from
    (sweet-talking and friendly) financial advisors,
    who are taking (desperately) low commission for their "advice".


    upload_2021-4-5_9-35-29.png
     

    Attached Files:

    Last edited: Apr 5, 2021
    caroline and John Schumacher like this.
  10. Penny

    Penny New Member

    Interesting... she had a great interview with Patrick Wood (technocracy.news) about Opportunity zones and the FED - it is here:

    https://www.technocracy.news/cather...ck-wood-on-technocracy-and-opportunity-zones/

    She seems to be spot on and knows her stuff sideways, backwards and forwards... honestly, what level of the movie "Inception" are we in anymore?

    I think the noose is tightening - I also don't know how one would even purchase goods using gold or silver - and if you could even sell it if you owned it - when the SHTF... but I also think without liberty, the Stasi can do whatever they want...

    I also like Martin Armstrong of www.armstrongeconomics.com - and here is some more historic perspective on the Rothchilds and the queen even:)

    https://principia-scientific.com/vi...ntl+(Principia+Scientific+Intl+-+Latest+News)
     
  11. Jack Kruse

    Jack Kruse Administrator

    Roughly 30% of ALL of the debt accumulated by the United States of America since 1776 was incurred in the last 12 months. This is NOT sustainable.
     
  12. Penny

    Penny New Member

    Freebird and Richard Watson like this.
  13. Martina

    Martina Gold

    Richard Watson and caroline like this.
  14. caroline

    caroline Moderator

    Martina likes this.
  15. Martina

    Martina Gold



    I got it from Hope.com on this website is so much free education on Bitcoin.

    Also videos explain Bitcoin it’s our security in cyberspace Bitcoin.



    Video :
    Michael Saylor of @MicroStrategy: “Bitcoin is a Dominant Monetary Network” | SALT Talks

    This Michael Saylor nails it!

    Removes all the doubts and fears!
    We are on solid ground in cyberspace (Bitcoin)

     
    Last edited: Apr 6, 2021
  16. caroline

    caroline Moderator

    that is Michael Saylor's website - I forgot about that

    Thanks again!
     
    Martina likes this.
  17. Jack Kruse

    Jack Kruse Administrator

    [​IMG]
    [​IMG]
    It's time to protect bitcoin and the US' financial standing in the world. Encourage US citizens and businesses to aggressively accumulate bitcoin

    US has to go longer than the CCP. It is the only answer.
    The wise move is to JUST PRINT FIAT MONEY now TO GO LONG BITCOIN
    Game theory kicking in and Thiel is playing it
     
  18. Jack Kruse

    Jack Kruse Administrator

    Biden says he is raising taxes on the wealthy only: Wrong answer.
    We have to appreciate that a lot of Americans that do have exposure through their 401(k)s, through their IRAs; they have automated type of investing mechanisms that don’t allow for them to be as nimble as wealthier investors.

    This is another money grab for people who have used IRAs for decades.
     
  19. Jack Kruse

    Jack Kruse Administrator

  20. ND Hauf

    ND Hauf Pleb

    I've enjoyed this Robert Breedlove series with Booth.
     

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