Abstract:-
1.BitCoin is a crypto-Currency.It is reported to be the brainchild of NSA.
Reportedly a Rothschild said:-
"Allow me to control the Currency of a nation and I do not care who makes the Laws".
BitCoin is the brainchild of the .NSA
So NSA [USA} is going to control the World,when the US Dollar goes bust!
Samsung,Motorola and two other Japanese Cos are reported to be involved in the evolution of the same.
2.It has No intrinsic value
3.It may work well against FIAT money
4.Mining is required to get BitCoins.Powerful chips are needed for this.
5.UK Co Elliptic Vault has offered to insure BitCoins.
6.Without mentioning Satoshi Nakamoto,any discussion on BitCoins will be incomplete.
Satoshi Nakamoto is reported to be from the four Corporations:-
Samsung first two letters SA taken from this
Toshiba " five " TOSHI " " "
Nakamichi NAKA
Motorola MOTO
The letters in Capitals make SATOSHI NAKAMOTO.
The meaning of this name is:-
"The name Satoshi Nakamoto is believed to be a pseudonym for a person, a group, or even a larger, possibly
governmental organization. In Japanese, Satoshi means “clear-thinking” or “wise.” Naka can mean “inside” or
“relationship” and moto is used to describe “the origin” or “the foundation.” Put it all together and you get
“thinking clearly inside the foundation.” There’s scant evidence that Nakamoto existed outside the context of
Bitcoin"
Satoshi Nakamoto,is a REAL person.
His, following photo,is pasted,following Internet
etiquette.Anything in Public Domain is free.If there is any
complaint, please let me know.I shall remove the same.
-------------------------------------------------
It is reported on the net,that NSA is the brain behind,the virtual Currency, BitCoin.
NSA's report.
The aims may be:-
1.Suppression of the prices of,and demand for,Gold,Silver etc.
2.And the more dangerous,one,A Cashless Society,wherein those with sophisticated technology can steal the wealth of others by Electronic and other means.
One's wealth is safe [ maybe,UNSAFE],but open in the "cloud"!
3.To discourage the use of tangibles in/for, business.
THIS link mentions,about the dangers and drawbacks of BitCoin.
THIS link mentions about CIA' desire to Control Currencies,MISUSING Crypto-Currencies like BitCoin.
The diagram below,used following the Fair Use Policy, on the net,shows,that the exchange rate using BtCoin is about 2 to 3 times less.
One can get the value of BitCoin in real time from THIS link.
In a Letter dated 6th September,2013,Bernanke endorses BitCoin.
Limitations of BitCoin.
Now UK Royal Mint joins the party and may issue Gold-backed "PHYSICAL" BitCoins!!!
Greenspaan calls, BitCoin a bubble, while, China bans it.
THIS link mentions the following regarding BitCoin;-
""However, americans don’t exist as physical currency. There are no “american bills” like there are dollar bills, and no coins either. Instead, americans are a fully digital currency: They exist in the ether. You need a card—be it a credit card, debit card, or EBT card—to spend americans. And to receive americans, either from employers, customers, government, etc., you need a “central account” which is tethered to your Social Security number.
The rationale for these measures is convenience—but the implication is, no one can earn, save or spend money without the government being aware of exactly what you are doing. ""
In India Aadhaar Card will be linked to BitCoin.This is why,the UPA is pursuing Aadhaar with such a fanatic fervour! The NDA,which rules India from may,2014,is even more fanatic about Aadhaar,though the main party in the coalition,the BJP,opposed,it when it was in Opposition,till May 2014.
7/12/2013:-
It may take 50 years,for BitCoin ,to become THE Crypto-"currency".
8/12/2013:-
Indian Regulators worried about BitCoin.
Some more information on BitCoin.
Norway imposes tax on BitCoin. Says, it is risky during power outages.I have raised the same point, in a letter to the RBI,regarding,their paper,on ,"LESS CASH SOCIETY"!!!
J.P.Morgan's Crypto-Currency patent application rejected.
RBI, warns against, the use of BitCoin.Operators stop activities in India.
27/12/2013:-
TV Anchor loses US $20 BitCoin,after the close up of the Certificate is shown ONLY for 10 seconds,allowing one person to note the "key".
5/1/2014:-
BITCOINS ARE LEGAL.
8/1/2014:-
Ads in Yahoo site spreads BtCoin mining malware in European Computers.
12/1/2014:-
UK Co,Elliptic Vault offers to insure BitCoins,being the first to do so.
15/1/2014:-ilve,
BitCoin operators,resume Business in India.
7/2/2014:-
First BitCoin CRISIS.Mt Gox "run".Its CEO, is also on the run!
14/2/2014:-
BitCoin software has bugs and hence is flawed.Hackers can prevent transactions and hence they can be,"re-sent",making them unreliable.
19/2/2014:-
Robocoin to install ATMs later this month,for BitCoin.
25/2/2014:-
Finally,Cyber Attack on BitCoins. 7,40,000 BitCoins missing from Mt Cox.
10/3/2014:-
Some reflections on Gold,Silver,Crypto-Currencies and the Fiat US Dollar.
27/4/2014:-
World’s First Bitcoin Debit Card
6/5/2014:-
Dark Wallet software to make BitCoin money-laundering easier.
14/6/2014:-
BitCoin may usher in Anarchy.Centralization may disappear.Masses may control,the World.
1/12/14:-
BitCoin transactions can now be tracked:-at least by some Luxemburg researchers!
31/12/14:-
Russia bans BitCoins
5/2/15:-
Bank Of Italy allows BiCoin if AML/KYC requirement are O.K.AML means Anti Money laundering.
7/2/15:-
Bank Of Italy says AML NOT REQUIRED for Digital Currency Cos!!!
14/2/15:-
Coinbase,a Crypto-Curency Co, starts first Global Bank via Crypto-Currencies.
20/4/15:-
Singapore-based Interpol to use its own Crypto-Currency to fight Cyber-crime/s.
23/4/15;-
BitCoin Exchange in Chile gets Government Funding making it legitimate there.
30/4/15:-
Goldman Sachs invests $ 5 Crores in the Chinese BitCoin start up,"Circle Inc".
28/5/15:-
Switzerland to open BitCoin Bank!
4/6/15:-
BitCoin hacked.Multiple Wallets were created for the same address,resulting in loss for a few.
5/7/15:-
26/6/15:-
Bitstamp,becomes a Licensed BitCoin Exchange in EU.
14/5/17:-
Much water has flown since m last update.SEC is considering both BitCoin and Ethereum,for ETF!Japan has legitimized BitCoin,which has soared to $ 1788,(115345.83 Indian Rupee).
THIS link shows Gold price manipulation may be end,due to Blockchain technology and Digital Gold.
19/5/17:-
BitCoin can ralease only 21 million Units.
26/5/17:-
Russia approves BitCoin.
Cryptos gain further ground.
28/5/17:-
The proliferation of the Cryptos.
1/6/17:-
Is BitCoin standing in for Gold?
Ethereum may surpass BitCoin in 2018.
17/6/17:-
BitCoin not a threat to Gold or US Dollar.
20/6/17:-
INDIA MAY LEGALIZE BitCoin.
Crypto site Hacked and over $ 7 Million stolen .
21/7/17:-
BitCoin's TRANSACTION CAPACITY to be increased.
12/8/17:-
BitCoin Cash introduced.
India may legalize BitCoin.
14/8/17:
USA concerned about the Cryptos! To be continued......
CME lunches BitCoin Futures.Derivative of virutal Coin & NOT tangible
$300 Million locked Ethereum,due to silly mistake
RBI not for BitCoin,now [.as in November,2017].
Cryptos Mining consumes HUGE amount of Electric Power.
CME starts BitCoin Contracts on 17/12/2017.
Yapian Korean BitCoin Exchange files for Bankruptcy after being hacked and losing Cryptos
2/1/2018:-
23% of the BitCoin may have been lost.
Will be updated..........................
1.BitCoin is a crypto-Currency.It is reported to be the brainchild of NSA.
Reportedly a Rothschild said:-
"Allow me to control the Currency of a nation and I do not care who makes the Laws".
BitCoin is the brainchild of the .NSA
So NSA [USA} is going to control the World,when the US Dollar goes bust!
Samsung,Motorola and two other Japanese Cos are reported to be involved in the evolution of the same.
2.It has No intrinsic value
3.It may work well against FIAT money
4.Mining is required to get BitCoins.Powerful chips are needed for this.
5.UK Co Elliptic Vault has offered to insure BitCoins.
6.Without mentioning Satoshi Nakamoto,any discussion on BitCoins will be incomplete.
Satoshi Nakamoto is reported to be from the four Corporations:-
Samsung first two letters SA taken from this
Toshiba " five " TOSHI " " "
Nakamichi NAKA
Motorola MOTO
The letters in Capitals make SATOSHI NAKAMOTO.
The meaning of this name is:-
"The name Satoshi Nakamoto is believed to be a pseudonym for a person, a group, or even a larger, possibly
governmental organization. In Japanese, Satoshi means “clear-thinking” or “wise.” Naka can mean “inside” or
“relationship” and moto is used to describe “the origin” or “the foundation.” Put it all together and you get
“thinking clearly inside the foundation.” There’s scant evidence that Nakamoto existed outside the context of
Bitcoin"
Satoshi Nakamoto,is a REAL person.
His, following photo,is pasted,following Internet
etiquette.Anything in Public Domain is free.If there is any
complaint, please let me know.I shall remove the same.
-------------------------------------------------
It is reported on the net,that NSA is the brain behind,the virtual Currency, BitCoin.
NSA's report.
The aims may be:-
1.Suppression of the prices of,and demand for,Gold,Silver etc.
2.And the more dangerous,one,A Cashless Society,wherein those with sophisticated technology can steal the wealth of others by Electronic and other means.
One's wealth is safe [ maybe,UNSAFE],but open in the "cloud"!
3.To discourage the use of tangibles in/for, business.
THIS link mentions,about the dangers and drawbacks of BitCoin.
THIS link mentions about CIA' desire to Control Currencies,MISUSING Crypto-Currencies like BitCoin.
The diagram below,used following the Fair Use Policy, on the net,shows,that the exchange rate using BtCoin is about 2 to 3 times less.
One can get the value of BitCoin in real time from THIS link.
In a Letter dated 6th September,2013,Bernanke endorses BitCoin.
Limitations of BitCoin.
Now UK Royal Mint joins the party and may issue Gold-backed "PHYSICAL" BitCoins!!!
Greenspaan calls, BitCoin a bubble, while, China bans it.
THIS link mentions the following regarding BitCoin;-
""However, americans don’t exist as physical currency. There are no “american bills” like there are dollar bills, and no coins either. Instead, americans are a fully digital currency: They exist in the ether. You need a card—be it a credit card, debit card, or EBT card—to spend americans. And to receive americans, either from employers, customers, government, etc., you need a “central account” which is tethered to your Social Security number.
The rationale for these measures is convenience—but the implication is, no one can earn, save or spend money without the government being aware of exactly what you are doing. ""
In India Aadhaar Card will be linked to BitCoin.This is why,the UPA is pursuing Aadhaar with such a fanatic fervour! The NDA,which rules India from may,2014,is even more fanatic about Aadhaar,though the main party in the coalition,the BJP,opposed,it when it was in Opposition,till May 2014.
7/12/2013:-
It may take 50 years,for BitCoin ,to become THE Crypto-"currency".
8/12/2013:-
Indian Regulators worried about BitCoin.
Some more information on BitCoin.
Norway imposes tax on BitCoin. Says, it is risky during power outages.I have raised the same point, in a letter to the RBI,regarding,their paper,on ,"LESS CASH SOCIETY"!!!
J.P.Morgan's Crypto-Currency patent application rejected.
RBI, warns against, the use of BitCoin.Operators stop activities in India.
27/12/2013:-
TV Anchor loses US $20 BitCoin,after the close up of the Certificate is shown ONLY for 10 seconds,allowing one person to note the "key".
5/1/2014:-
BITCOINS ARE LEGAL.
8/1/2014:-
Ads in Yahoo site spreads BtCoin mining malware in European Computers.
12/1/2014:-
UK Co,Elliptic Vault offers to insure BitCoins,being the first to do so.
15/1/2014:-ilve,
BitCoin operators,resume Business in India.
7/2/2014:-
First BitCoin CRISIS.Mt Gox "run".Its CEO, is also on the run!
14/2/2014:-
BitCoin software has bugs and hence is flawed.Hackers can prevent transactions and hence they can be,"re-sent",making them unreliable.
19/2/2014:-
Robocoin to install ATMs later this month,for BitCoin.
25/2/2014:-
Finally,Cyber Attack on BitCoins. 7,40,000 BitCoins missing from Mt Cox.
10/3/2014:-
Some reflections on Gold,Silver,Crypto-Currencies and the Fiat US Dollar.
27/4/2014:-
World’s First Bitcoin Debit Card
6/5/2014:-
Dark Wallet software to make BitCoin money-laundering easier.
14/6/2014:-
BitCoin may usher in Anarchy.Centralization may disappear.Masses may control,the World.
1/12/14:-
BitCoin transactions can now be tracked:-at least by some Luxemburg researchers!
31/12/14:-
Russia bans BitCoins
5/2/15:-
Bank Of Italy allows BiCoin if AML/KYC requirement are O.K.AML means Anti Money laundering.
7/2/15:-
Bank Of Italy says AML NOT REQUIRED for Digital Currency Cos!!!
14/2/15:-
Coinbase,a Crypto-Curency Co, starts first Global Bank via Crypto-Currencies.
20/4/15:-
Singapore-based Interpol to use its own Crypto-Currency to fight Cyber-crime/s.
23/4/15;-
BitCoin Exchange in Chile gets Government Funding making it legitimate there.
30/4/15:-
Goldman Sachs invests $ 5 Crores in the Chinese BitCoin start up,"Circle Inc".
28/5/15:-
Switzerland to open BitCoin Bank!
4/6/15:-
BitCoin hacked.Multiple Wallets were created for the same address,resulting in loss for a few.
5/7/15:-
26/6/15:-
Bitstamp,becomes a Licensed BitCoin Exchange in EU.
14/5/17:-
Much water has flown since m last update.SEC is considering both BitCoin and Ethereum,for ETF!Japan has legitimized BitCoin,which has soared to $ 1788,(115345.83 Indian Rupee).
THIS link shows Gold price manipulation may be end,due to Blockchain technology and Digital Gold.
19/5/17:-
BitCoin can ralease only 21 million Units.
26/5/17:-
Russia approves BitCoin.
Cryptos gain further ground.
28/5/17:-
The proliferation of the Cryptos.
1/6/17:-
Is BitCoin standing in for Gold?
Ethereum may surpass BitCoin in 2018.
17/6/17:-
BitCoin not a threat to Gold or US Dollar.
20/6/17:-
INDIA MAY LEGALIZE BitCoin.
Crypto site Hacked and over $ 7 Million stolen .
21/7/17:-
BitCoin's TRANSACTION CAPACITY to be increased.
12/8/17:-
BitCoin Cash introduced.
India may legalize BitCoin.
14/8/17:
USA concerned about the Cryptos! To be continued......
CME lunches BitCoin Futures.Derivative of virutal Coin & NOT tangible
$300 Million locked Ethereum,due to silly mistake
RBI not for BitCoin,now [.as in November,2017].
Cryptos Mining consumes HUGE amount of Electric Power.
CME starts BitCoin Contracts on 17/12/2017.
Yapian Korean BitCoin Exchange files for Bankruptcy after being hacked and losing Cryptos
2/1/2018:-
23% of the BitCoin may have been lost.
Will be updated..........................
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