☸️Ⅹ.Bitcoin - the devil's fruit

Bitcoin, abbreviation BTC, is a cryptocurrency based on decentralization, using peer-to-peer networks and consensus initiatives, open-source code, and blockchain as the underlying technology. Bitcoin was created by Satoshi Nakamoto in 2008. A paper was published on October 31, 2009, and the Genesis Block was born on January 3, 2009. In some countries, central banks, government agencies, and academia, Bitcoin is regarded as a virtual commodity rather than a currency. Monetary Finance Scholars believe that currency has four essential functions: transaction medium, unit of account, store of value, and deferred payment. However, due to its high volatility, it does not have the latter two primary functions and is not a currency.

Some people believe that the advent of Bitcoin is the result of people’s hatred of the over-issuance of national sovereign currencies in the commodity economy and monetary policy intervention and their yearning for community consensus currency autonomy in a free economy; Bitcoin’s exchange rate is a reaction to the increase or decrease of global investors; The underlying technology of Bitcoin, blockchain, can be applied in all walks of life.

Usually, "Bitcoin" with an initial capital letter refers to the Bitcoin technology and network it uses, while "Bitcoin" with an initial capital letter refers to the currency itself. Bitcoin is also a blockchain payment system and virtual pricing tool. Because it uses cryptographic technology to control the production and transfer of currency, it cannot be issued arbitrarily without a central issuing agency. Transactions run in a global network and have particular confidentiality. In addition, there is no need to go through a third-party financial institution, so it has become increasingly widely used and a medium for illegal transactions. Users can use the crypto wallet software on personal computers and smartphones to directly exchange items and services on the Internet anytime and anywhere without intermediaries such as banks, credit cards, and online payment companies. According to a 2017 study by the University of Cambridge, there are as many as 5.8 million active crypto wallet users worldwide, most of whom use Bitcoin. At the same time, some people believe that Bitcoin technology has been widely recognized and used, ushering in the blockchain era for mankind.

Bitcoin does not rely on a central agency to issue new money or maintain transactions as an accounting system. Instead, it is completed by the blockchain. It uses digital encryption algorithms and the entire network to resist 51% computing power attacks to ensure the security of assets and transactions. All network computers collect and maintain transaction records, and the blockchain must verify the validity of each transaction.

As a unit of account, the smallest unit of Bitcoin is 0.00000001 (one hundred millionths), called "1 Satoshi". The protocol can be modified to divide into smaller units to ensure convenient circulation. The block reward is halved every 210,000 blocks produced, with a cycle of approximately 4 years. The most recent halving was in 2020. May 12, 2011, and the sum of this convergent geometric sequence must be finite. In April 2018, 17 million Bitcoins had been mined, with 4 million Bitcoins remaining, and production exceeded 80% of the total. As of May 12, 2019, the total stock of Bitcoins was approximately 17,695,512, and the actual circulating amount will be further reduced due to factors such as the loss of private keys. The total circulation of Bitcoin has reached 19.1 million, and more than 90% of the entire network's Bitcoins have been mined. By 2140, all Bitcoins will be mined, and the total amount will be slightly less than 21 million.

"Bitcoin allows people to trade their property on the Internet for the first time, and it is safe, and no one can challenge its legality." A16Z founder Marc Andreessen said, and he is also Jewish.

How was Bitcoin born? Who created it? Why is it suddenly famous all over the world? These questions have troubled many people. We consulted and understood many information and puzzles and finally found a few core points. It is traceable and aligned with specific organizations' core spirit and development needs.

Why is this new currency that emerged in Europe and the United States prevalent not in their countries but in China? In October 2021, data released by the Alternative Finance Research Center of the University of Cambridge in the United Kingdom showed that the United States has surpassed China and become the world's largest Bitcoin mining country. Data shows that China's share of the computing power connected to the global Bitcoin network, known as the "hash rate," has fallen from 44% in May to zero in July after being as high as 75% in 2019. Miners elsewhere have filled the Chinese void, mining equipment manufacturers are turning their attention to North America and Central Asia, and China's larger miners are also moving, although the process is fraught with logistical difficulties. Therefore, data shows that the United States currently has the most significant mining share globally, accounting for approximately 35.4% of the global hash rate as of the end of August, followed by Kazakhstan and Russia.

We understand that some organizations use the original currency system, especially SWIFT, the abbreviation of "Society for Worldwide Interbank Financial Telecommunication," founded in May 1973. It is a non-profit international cooperation organization among international banks. The SWIFT system is a high-security network connecting thousands of financial institutions worldwide. Financial institutions use it to send secure information and payment instructions. It is a financial information exchange system. It can no longer influence the big Eastern countries because it has powerful protective barriers. Through the rapid expansion of wealth, can quickly penetrate China's bottom society and, at the same time, awaken the consciousness of freedom at the bottom of China and consume a large amount of Chinese energy. At one time, 75% of the currency rights were in China, which affected The vast majority of Chinese miners and stimulated the government to react. In 2021, the Chinese government took coercive measures to curb the mining of Bitcoin mining machines. However, their purpose has been achieved, significantly affecting the Chinese economy and the relationship between the government and the Civilian free radical awakening.

Secondly, Bitcoin is not controlled by the government, is relatively anonymous, and is difficult to trace. Like other currencies, it has also been used to conduct illegal transactions, become a criminal tool, or a tool to conceal the proceeds of crime. But there are still legal or legitimate uses for Bitcoin. There are many ways to use Bitcoin. Through electronic currency exchanges, Bitcoin ATMs, service providers, and individuals, you can exchange it for local cash or gold coins or, buy Bitcoin with cash or gold coins or use it directly. Purchase items and services, or use Bitcoin debit cards. Especially after WikiLeaks announced that it would accept Bitcoin donations, the number of individuals, organizations, and companies recognizing the use of Bitcoin has increased rapidly. Coinmap (page archive backup stored in the Internet Archive) is a website that explicitly lists physical merchants around the world that accept Bitcoin payments. The Bitcoin Wiki has a page that lists legal online merchants that accept Bitcoin payments. With the activation of the Bitcoin financial card, even if the merchant does not accept Bitcoin, you can still pay with Bitcoin according to the real-time exchange rate between Bitcoin and legal currency, just like using a financial card in a RMB account to pay for foreign currency (U.S. dollars, Euros, etc.) consumption. You can still complete the payment by debiting the RMB deposit account according to the real-time exchange rate between the foreign currency and the RMB. This way, merchants can use it if they support credit cards such as Visa or Mastercard or mobile payment functions such as Apple Pay. The scope of use is The number of merchants that can directly accept Bitcoin has been greatly expanded from 10,000 to tens of millions of merchants (Visa 29 million, MasterCard 32 million), including online shopping, store shopping, dining in restaurants, and cafes, transportation, gas stations, etc. if permitted, you can use more than 30 million general fiat currency ATMs around the world to withdraw local cash in Bitcoin. So many countries and institutions can recognize Bitcoin in a short period. It would be impossible if there were no behind-the-scenes organizations to promote it. This can be seen from the Federal Reserve's attitude towards Bitcoin.

On February 27, 2014, U.S. Democratic Senator Joe Manchin issued an open letter to the federal government, hoping that relevant departments would pay attention to the negative phenomenon of Bitcoin disrupting the financial market and proposed to ban Bitcoin. While testifying before the Senate Banking Committee, Federal Reserve Chair Janet Yellen said in response to a question about Bitcoin from West Virginia Senator Joe Manchin that the "Fed has no jurisdiction over Bitcoin." Manchin was disappointed with Yellen's statement.

On February 22, 2014, the "Bitcoin Assessment Report" released by the internationally renowned investment institution Goldman Sachs stated that Bitcoin will likely become a milestone in the standardization of virtual currencies.

Let's take a look at the most significant address that holds Bitcoin and who its holders are:

1) Grayscale Bitcoin Trust: 654,885 pieces. Grayscale Bitcoin Trust, its English abbreviation GBTC, was established in 2013 by Barry Silbert, the founder and chief executive of Digital Currency Group (DCG) Executive Officer. The Group is a Bitcoin and blockchain investment firm. Grayscale Bitcoin Trust is sponsored and established by Grayscale Investments, LLC (Grayscale Investments, LLC), a subsidiary of the Group. Grayscale, the holding company of Grayscale Bitcoin Trust, is the most prominent digital asset management company on the market and one of the largest Bitcoin buyers in the world. It launched the trust fund in September 2013 with the trading code "GBTC," GBTC is one of its most oversized products, a fund primarily designed for investors who want to invest in Bitcoin but are worried about the risks. Investors hand cash or Bitcoin to Grayscale in exchange for GBTC shares, so they don't have to worry about how to store Bitcoin, whether it will violate the law, and how to pay taxes. These shares are supported by a certain number of Bitcoins, deducting a 2% annual fee, and can be traded in the secondary market. Grayscale has been one of the major holders of Bitcoin for many years. The current BTC holdings of Grayscale Bitcoin Trust are 654,885, worth more than 17 billion U.S. dollars, ranking first.

2) The top CEXs have about 2.5 million BTC. As the place with the most concentrated liquidity, the head CEX's cold wallet address usually hosts BTC belonging to the platform and many users' recharges. It is listed as a whale as a whole because the centralized CEX can move these BTC without restrictions, and the BTC wallets of these top CEXs were also focused on. Once there is a large inflow or outflow (diversion or theft), it may have a significant impact on the market.

3) United States Government: 164,004 BTC. The United States Government holds a total of 164,004 BTC, which is held in 2 addresses. According to relevant information, U.S. authorities primarily confiscated BTC from three incidents: They seized 69,369 BTC from Silk Road, the most prominent black market on the dark web, in November 2020; Bitfinex hackers confiscated 94,643 BTC in January 2022; and Silk Road hackers lost 94,643 BTC to confiscation in March 2022. James Zhong confiscated 51,326 BTC. In March this year, 9,861 Bitcoins were sold at a lower-than-market price of $21,877, netting $215.5 million in fee income. Because the United States holds a considerable amount of Bitcoin, many market investors are always concerned about whether the United States plans to sell Bitcoin. After all, such a large amount of BTC will likely cause violent market shocks.

4) Block. One: 164,000 BTC. Block. one is a technology development company founded in 2017 with blockchain technology and is committed to building decentralized applications (DApps) and blockchain solutions. One of the most famous products is the domain name EOS.IO. According to relevant news, from June 2017 to June 2018, they obtained US$4 billion in funds through a year-long sale and then exchanged them for Bitcoin and U.S. Treasury bonds.

5) MicroStrategy: 152,333 BTC. MicroStrategy Incorporated is a US-listed company that provides business intelligence, mobile software, and cloud-based services. Founded in 1989 by Michael J. Saylor and Sanju Bansal, the company develops software for analyzing internal and external data to make business decisions and develop mobile applications. In August 2020, MicroStrategy announced that it would buy Bitcoin for US$250 million and subsequently bought another US$175 million of Bitcoin.

6) MTGOX KK: 141,686 BTC. Mt. Gox KK (Essentials Co., Ltd.) is a well-known platform that collapsed due to hacker attacks. It is headquartered in Tokyo, Japan. It was once one of the largest Bitcoin trading platforms in the world, founded in 2010. "Mt. Gox," whose full name is "Magic: The Gathering Online eXchange," was originally an online trading platform for buying and selling virtual magic cards. However, Mt. Gox gradually became a Bitcoin-focused CEX, becoming the center for thousands of transactions worldwide. However, it was hacked in 2014, stopped trading, and announced that many Bitcoins were lost in the hacking attack, which caused its users to lose billions of dollars in funds and triggered a severe financial and legal crisis. Subsequently, Mt Gox's bankruptcy filing and liquidation proceedings lasted several years. , holding a total of 141,686 BTC.

7) Marathon Digital Holdings: 12,964 BTC. Marathon Digital Holdings is an American digital asset technology company focusing on Bitcoin block production and blockchain technology. The company's mission is to support the security and reliability of the Bitcoin network by producing blocks and to pursue growth and innovation in the digital asset space. As a publicly traded company, it has grown from an approximate entry price of nearly $1.9 billion in 2021 to $3.9 billion today. Their total Bitcoin holdings also increased by 28.94%, from 10,054 BTC to 12,964 BTC, currently ranking seventh.

8) Tesla: 10,800 BTC Tesla's cryptocurrency holdings have experienced significant volatility over the past two years. In February 2021, Musk's innovative automotive company purchased approximately $1.5 billion in Bitcoin at an average price of $36,000 per coin. Shortly after adding Bitcoin to its balance sheet, Tesla announced it would accept cryptocurrency payment options, with the option to purchase certain products using Bitcoin and Dogecoin. However, they later removed Bitcoin from the approved payment methods.

In addition to these large investors, Satoshi Nakamoto owns 1.14 million Bitcoins. On December 12, 2010, Satoshi Nakamoto published his last article in the Bitcoin forum, stopped appearing publicly, and only communicated with Bitcoin through email. Contact a few people from the coin core development team. On April 26, 2011, after contacting Gavin Andreessen, the Bitcoin core development team leader, Satoshi Nakamoto immediately closed the email and never communicated with anyone again. At this point, Satoshi Nakamoto disappeared utterly.

More than 1 million Bitcoins are in his account but have not been touched yet. Once these Bitcoins are sold, Satoshi Nakamoto will be the wealthiest person in the world. As for why he hasn't appeared yet, there may be one reason: he doesn't want to destroy the current decentralized situation. Some say Bitcoin is just a decentralized social experiment for Satoshi Nakamoto. Once he appears, it will effectively break the decentralized pattern of Bitcoin. His words and deeds will also impact Bitcoin holders and Bitcoin trading prices. Therefore, it would be better if Satoshi Nakamoto did not appear.

When a person has such a vast wealth and does not move a penny, I think it is a great challenge to human nature unless he is a god. Or what he values is not wealth but a greater conspiracy. The same is true when Bitcoin has such a severe impact on the current monetary system. Sovereign countries have not taken more serious measures to allow the development of Bitcoin and designated a series of bills to make it more legal. It is difficult not to think this has to do with the government or specific interest organizations. Related.

Let us not forget the financial crisis of 2008. Bitcoin was also born in 2008, and the international financial crisis that broke out in 2008 was primarily premeditated - the American and European Freemasonry attempted to use a series of financial crises to weaken the U.S. dollar, The euro, and the renminbi went bankrupt, and collapsed one after another, becoming junk coins, thereby getting rid of the U.S. dollar debt that the United States could not repay.

The current accumulated debt of the United States has reached nearly 60 trillion U.S. dollars, equivalent to four times the US GDP of about 14 trillion U.S. dollars in 2009 and 12 times China's 2009 GDP of about 5 trillion U.S. dollars. And the interest rate is growing every day. Coupled with the massive burden of the hidden liabilities (fiscal deficit) of the United States medical and pension funds in the next 10 years, the United States can't pay off these debts. This means that the U.S. economy is essentially a debt economy, and the United States uses debt to maintain the illusion of prosperity. The United States is a country that relies on long-term borrowing and is on the verge of bankruptcy.

In November 2009, the U.S. Financial Prosecutor's Office issued a "Declaration of Fiscal Crisis," stating that "the cumulative deficit of the U.S. government has exceeded 53 trillion U.S. dollars, and the possibility of rescue is zero." Therefore, it implemented a strategy of "controlled return to zero" of the value of the U.S. dollar. , is the choice that best serves the long-term interests of the United States. Only a crisis can bring about change. This is the fundamental reason why the American Masonic chaebols have passed the "subprime mortgage crisis" since 2008 and triggered successive international financial crises.

The Federal Reserve's "quantitative easing" of printing trillions of dollars to rescue the market has gained legitimacy through this crisis. The Federal Reserve (FRB) "rescued the market" with vast amounts of white bars of U.S. dollars, doubling the issuance of U.S. dollars and promoting the development of worldwide inflation.

To avoid the risk of dollar depreciation, speculative funds flowed into the gold, silver, and resource commodity markets in large quantities, causing the prices of oil, gold, silver, and food to continue to rise (it is a fundamental law of modern financial economy that capital determines market prices). At the same time, the U.S. dollar exchange rate continued to decline, causing capital inflows in the U.S. financial market to weaken significantly.

Therefore, the Federal Reserve's economic countermeasures to strengthen the supply of funds and lower interest rates have caused the continued depreciation of the U.S. dollar and increasingly severe global inflation. After China's exports plummet due to the renminbi's appreciation, global inflation will become more serious.

There is much evidence that the Masonic plutocrats have already formulated plans to destroy the dollar gradually. The Fed has no intention of saving the dollar. The U.S. dollar is gradually heading towards a substantial collapse. Before 2010, the United States, Canada, and Mexico jointly established the North American Economic Circle (NAU) to prepare for the North American common currency AMERO issuance. One of the purposes was to prepare options for new currencies that would replace the U.S. dollar in the future.

North America's common currency might have replaced the U.S. dollar and become the world's unified currency.

When everything is ready, one day in the future, the U.K. and the E.U. may suddenly announce that they will no longer accept U.S. dollars. There is no one to save the global stock market from collapse and no one to care about the collapse of the U.S. dollar. Overnight, all U.S. debt disappeared, along with the Chinese's U.S. dollar foreign exchange reserves. In recent years, Western economic theory has begun to criticize the "evil sovereign currency," public opinion calls for establishing a unified, honest currency. The "international dollar" for the world has also emerged.

In the future, Freemasonry will also detonate a series of large-scale global financial crises, forcing countries around the world to agree to transfer their national sovereignty and incorporate them into the international crisis management system controlled by the Freemasonry's golden boss and then replace the U.S. dollar with a unified world currency "World Dollar." Eventually, the world will lead to a unified world financial system managed by the American and European Masonic plutocrats. This is a necessary step for the American and European Freemasons to dominate global finance, resources, and population. The ultimate goal of American Freemasonry is to establish a future unified world government under Freemasonry control by unifying the world currency. For this reason, the United States will not hesitate to launch a new world war if it encounters intense confrontation. You can know it by calmly looking back and thinking about the significant events that have occurred in the world after the end of the Cold War and every step of global integration.

The emergence of Bitcoin is the best way to implement this plan. We can quickly check the consortium behind it. Bitcoin is a new means to replace the U.S. dollar in controlling the global economy and is in line with mutual aid. This has become a fact regarding the optimal means to formulate a globally unified anarchic currency. Satoshi Nakamoto is a virtual character created by the so-called Freemasonry.

The Masonic slogan "New Era, New World, New Order" also means "World Currency, World Bank, World Government". The eye of God and the pyramid in the picture represent the ruling structure of American society - "Let God and God's messengers rule the world and other people." The pyramid structure is an "exclusive concept" within classical Freemasonry, and all non-Masons are "barbaric subordinates." In Christianity, Lucifer, the "fallen angel" and "king of demons" who opposed God and was expelled from heaven, is regarded as the "angel of light" in Judaism and is a deity revered by Freemasonry and the Illuminati. The "radiant one eye" is Lucifer, the pagan spirit of Freemasonry, Satan.

And Bitcoin is the devil’s fruit.