Zero Hedge: Uncle Sam does have one weapon… one way they could potentially disrupt Bitcoin. Some day the US government and Federal Reserve might actually wake up and realize that crypto is the future.
And when that day comes, the obvious tactic would be to create their own version of the Blockchain that uses “crypto-dollars”.
Cryptodollars would be equivalent to US dollars. So $1 in physical cash = $1 in your bank account = 1 cryptodollar.
Cryptodollars would be legal tender and accepted everywhere in the country– Wal Mart, Amazon, etc., but without any of the wild gyrations and fluctuations that we see in the Bitcoin price.
The introduction of cryptodollars would clearly have an impact on the demand for Bitcoin. more …
Opinion: Excerpt from our post from October 13, 2017: “What I didn’t realize in 2008 is that Bitcoin and its multitude of new clones could be the catalyst for central bankers to create their own version of a digital currency and make any other version illegal. Once the bankers take that position it is a small step to creating a digital mark on each person to verify that the currency is approved for commerce.”
I think it is fair to say that we are witnessing the compete and total collapse of paper money and that the world is now in the process of a global monetary shake up that is unprecedented in history.
Banker Jamie Diamon has been overly vocal calling Bitcoin a fraud, the US government and central bankers are pretending to ignore it while the value of bitcoin now exceeds the market capitalization of Goldman Sacs and Morgan Stanley.
Revelation 6:5-6 calls for a financial breakdown so severe that only the mega-rich (oil and wine) will be be exempt from for a time. But before that, Revelation 6:1-2 introduces a rider on a white horse who will bring a false peace (bow with no arrows) followed by war (Rev. 6:2-3).
The false Christ will be able to deceive those on the earth because the Church of Jesus Christ will be gone. It will happen at the last trumpet blast of the Church age (1 Corinthians 15:51-52) after which the Church of Jesus Christ will be caught up to meet Christ in the air (1 Thess. 4:16-18).
Cryptocurrencies appear to be the catalyst for a single global currency that will hand the final dictator total control of global commerce (Revelation 13:15-16).
Somebody Call Somebody!