Cointime

Download App
iOS & Android

How Financial Hitmen Infiltrate Crypto and Obstruct Global Adoption

Banks infiltrated Bitcoin since the first few years with evident motives.

The early Bitcoin community consisted of genius developers and brilliant entrepreneurs but inexperienced with how ruthless competition can be.

Anyone getting close to executive levels of banks can taste the venom in their words and smell the sulfur in the room.

Infiltrators live in every decentralized society acting against their values and the people that support the blockchains. They will slowly rise into prominent positions and reach a level of power, perhaps as admins in communication channels, or developers who will pursue to divert consensus following their ambitions.

They will exercise their power and discourage others from participating in these decentralized communities. They will also act with hostility toward the fanbase, making a genuine part of it feel unwelcome.

Yet, we can locate them with ease, as they will also promote scams that negatively influence communities, and undermine the common goals of the project.

The Next Stage Of The Crypto Takeover

The infiltrators proceed with a textbook plan similar to the Bitcoin takeover in any network or cryptocurrency community considered a threat.

They take control of forums, related websites, social media accounts, and communication channels, centralizing anything possible under their control.

Bitcoin (BCH) has already tasted this venom with the BSV fork and the hash wars, where a group of greedy individuals planned to destroy the Bitcoin that worked.

BSV was another takeover attempt on the working version of Bitcoin, although that one failed.

Those that lived similar situations firsthand understand it better.

Many cast their doubts and consider that it might be too extreme that banks ever wanted to control and suppress Bitcoin.

Well, no, this was it. This is how banks work. They would be foolish to allow Bitcoin untamed gaining adoption and mess with their business.

It does not stop by stalling Bitcoin with Blockstream, though.

The holier-than-thou bankocracy will not stop until it dissolves any last trace of competition to the plans to modernize fiat currencies.

CBDCs have to march uncontested.

The Hodl But Never Use Mentality

Centralized servers are not the solution for money with a trusted authority in control.

Who would have thought a new form of internet money could be decentralized, permissionless, and borderless?

Satoshi had it all figured out.

Take the server from its trusted environment and spread the ledger to thousands of locations. Have initially everyone running the software and mining, with the best rewards for the first four years, and make it capped. Inflation would have killed internet money, but designed scarcity provides value as demand increases.

We could have been living today in a Bitcoin economy, working and getting paid in Bitcoin, paying with Bitcoin, and saving in Bitcoin.

Yet, the maximalists will claim:

“No!, You shouldn’t use Bitcoin to pay for stuff. Are you an idiot? You want to be the next pizza guy?”.

How would it matter if I had all my money in Bitcoin?

I will still pay for everything with Bitcoin instead of fiat and save in Bitcoin. Get paid in Bitcoin and pay in Bitcoin. This is an economy.

What maximalists suggest is a rather absurd concept that supports fiat currencies.

Maximalists suggest using only fiat and saving in Bitcoin, which contradicts Satoshi’s intentions, limits Bitcoin’s potential, and distorts its purpose.

The current inflationary system pushes consumers into excessive purchases, as many expect prices in fiat money to increase. The inflationary system destroyed the wealth of the population and increased poverty.

A fully developed Bitcoin economy was the logical next step that would empower and free people from the financial constraints of fiat.

In Conclusion

A long time ago, Hugo Chávez took the UN podium to deliver a historic speech.

Crypto, today, stinks of sulfur.

The legacy banking establishment dominates the world, with the last chapter of enslavement to conclude with CBDCs.

When Goldman Sachs executives appear at the doorsteps of a revolution, you know trouble is coming.

When bankers grab a share, it becomes a dangerous place. Their plan is always to exploit for profit and destroy anything that doesn’t align with their recipe.

They don’t just appear out of nowhere but carefully execute their plans.

The deals they will offer are irresistible. Those deals were accepted and Bitcoin’s exponential adoption halted and reversed.

The new devil is CBDCs, and only one way is there to protect our wealth and families from the march of the financial antichrist:

Permissionless and decentralized money networks that work for the people and not just a small elite.

This money is not Bitcoin-BTC.

Content published in this article is used for research and educational purposes and falls within the guidelines of fair use. No copyright infringement intended. If you are, or represent, the copyright owner of images used in this article, and have an issue with the use of said material, please notify me.

Comments

All Comments

Recommended for you

  • U.S. July Nonfarm Payrolls Fall by 23,000, Missing Market Expectations

    On August 7, U.S. nonfarm payrolls decreased by 23,000 in July, compared with market expectations of an increase of 80,000, and the previous value was an increase of 57,000.

  • US May and June Nonfarm Payroll Additions Revised Down by 103,000 Combined

    On August 7, the US Bureau of Labor Statistics: May nonfarm payroll additions were revised down from 129,000 to 63,000; June nonfarm payroll additions were revised down from 57,000 to 20,000. After the revisions, the combined additions for May and June were 103,000 lower than previously reported.

  • U.S. Rate Futures Market Sees Lower Odds of Fed September Hike

    On August 7, the probability of a Fed rate hike in September as priced by U.S. interest rate futures declined.

  • New York Gold Futures Top $4,400 per Ounce

    New York gold futures topped $4,400 per ounce, up 2.36% on the day.

  • Japan Finance Minister: FX Market Affected by Moves Not Driven by Actual Demand

    Japanese Finance Minister Satsuki Katayama said she and U.S. Treasury Secretary Bessent agreed that the foreign exchange market has been affected by moves not driven by actual demand.

  • BTC Breaks Through $65,000

    Market data shows BTC has broken through $65,000, currently reported at $65,007.44, with a 24-hour increase of 0.6%. The market is highly volatile, please exercise risk control.

  • Brent Crude Drops 2.00% Intraday to $81.07/Barrel

    Brent crude oil fell 2.00% during the day, now at $81.07 per barrel. (Jin Shi)

  • Trump: Data Centers May Be More Important Than Oil

    August 7 news, U.S. President Trump said in an interview with Punchbowl News, "I saw the other day that Texas seems to be opposed to building data centers. I think that's a mistake. I'm not taking a position—I just think it's a mistake, because there are other communities that want to build data centers. When a community is willing to accept data centers, it means a lot of money will flow into that community. I don't think they're ugly. Some of the data centers I've seen are the most incredible buildings I've ever seen. They are very important to the economy. If Texas says no to data centers, that's a mistake, because data centers may be more important than oil."

  • Trump to Meet with Mining Executives

    On August 7, according to CCTV International News, US President Trump will convene executives from some of the world's largest mining companies at the US State Department on August 7 local time, in an effort to take action to 'secure critical mineral supplies for the US and its allies.' Reuters reported that the US urgently needs critical minerals to replenish weapons inventories depleted during the war against Iran. During the more than five-month war with Iran, the US military expended large quantities of precision-guided missiles and air defense interceptors. US defense officials and lawmakers have warned that given existing production capacity constraints, replenishing some stockpiles could take years—although the Trump administration has denied reports of a so-called 'severe shortage of ammunition stockpiles.' According to Pentagon officials and defense companies, supplies of minerals such as rare earths, tungsten, germanium, and scandium are essential for manufacturing precision-guided missiles, fighter jets, armored vehicles, infrared sensors, and other advanced weapons systems. Expected attendees include industry giants such as global mining giant Rio Tinto Group, Australia's BHP, US Freeport-McMoRan, US Mountain Pass Materials, US Rare Earths, US Energy Fuels, and Canada's Metals Company. According to sources, the Trump administration plans to announce multiple deals and memorandums of understanding.

  • US Regulators Systematically Review Chinese AI Firms' Third-Country Computing Power Leasing

    August 7 news, according to Bloomberg, people familiar with the matter revealed that the U.S. government department responsible for investigating chip export control violations is reviewing Chinese AI companies' leasing of computing power in third countries to obtain Nvidia advanced chips.