Monday, July 28, 2014

What is a Bitcoin?

Bitcoin:  "Bitcoin is a new currency that was created in 2009 by an unknown person using the alias Satoshi Nakamoto. Transactions are made with no middle men – meaning, no banks! There are no transaction fees and no need to give your real name. More merchants are beginning to accept them: You can buy webhosting services, pizza or even manicures."

Good ol' Frank Fontaine keeps the emails rolling in!  As discussed in The Last Degree which is FREE today on Kindle, one currency for the world is a big part of New World Order.

The bitcoin is like cash, but cash in the cloud.  One can buy things without a trail, at least in theory.  There are bitcoin exchanges with Mount Gox as the largest one.  One can send bitcoins to others like digital cash.  One would have his/her wallet in the cloud with no FDIC guarantee on funds.  
There is an online log involved in order to purchase these coins, but again it's supposedly anonymous and without any governmental regulation.  One doesn't have to use his/her real name or provide any real details about his/her identity. China wants to become the biggest bitcoin bank or dealer in the world.  So far, bitcoins are a favorite among drug dealers, kiddie pornographers, and others who don't want a paper trail.
Some of the conspiracy behind bitcoins lie with the inventor, Satoshi Nakamoto, who is as anonymous as his invention.  At first he was supposed to be a thirty-something year old man from Japan.  It appears that he is not a real person, but might be a group of people possibly from South America.
The Square App

Links to New World Order
The bitcoin is much more than an underground currency for criminals.  Give it some time and it could be every one's enforced currency.  95% of today's money is already digital and based in the Federal Reserve System.  Many businesses want a cashless society.  Jack Dorsey of Twitter also developed the Square, an app used in conjunction with a smartphone.
So what does this mean?  Is cash no longer king?  Will it be worthless paper?  Will our finances be intangible, only seen from a computer screen?  Where does gold fit into this new and growing form of currency?  Are we losing control of our money?  Signs of New World Order...  And don't forget, The Last Degree touches on this issue and much more-help yourself to a free copy this week!  Leave a comment.  Very interested in your thoughts and views. 


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