Now is the time… I’ve been talking about releasing a podcast on the subject of bitcoin and crypto currencies and I think I’ve got a grasp on some basic ideas that we all should consider regarding this technology. I’ve been studying this subject for weeks– taking information in from a variety of sources including: Cryptoassets book by […]

Now is the time... I've been talking about releasing a podcast on the subject of bitcoin and crypto currencies and I think I've got a grasp on some basic ideas that we all should consider regarding this technology.I've been studying this subject for weeks- taking information in from a variety of sources including:

• Cryptoassets book by Chris Burniske and Jack Tatar
• FaceLikeTheSun
• David Seaman on THC (from 2013)
• Crypto Conundrum with Clif High
• Documentaries like Magic Money and Banking on Bitcoin
• Speaking with friends, acquaintances, and pretty much everybody that I meet that seems educated in either economics, technology, or both.

This show is my understanding of this somewhat-confusing technology and how things could easily go wrong...

Show Topics:

• I'm NOT a financial expert and these are my opinions
• What IS Bitcoin?...
• Decentralizing currency
• Fiat Currency & the value of Bitcoin
• We left the gold standard in 1971- the US dollar is already inherently "worthless"
• Cryptos get value from their FIXED quantity (supply is fixed- they can't "print" more)
• Only 10% of total money exists on paper and coins- we're already working off illusory money system
• Cryptos are "trust-less" systems that operate on "proof of work"
• The "proof of work" is available of all to see on the Blockchain (ledger)
• Computer mining to build the Blockchain
• How to obtain Bitcoin and Cryptos- cold wallets, Coinbase, and more
• Theory #1: The NSA Created Cryptos
• Who is this mysterious Satoshi Nakamoto?
• SHA-256: The NSA built encryption that bitcoin uses
• Who funded Coinbase? You'd be surprised...
• 1996's NSA paper: "How to Make a Mint: The Cryptography of Anonymous Electronic Cash"
• Comparing the NSA paper to Satoshi's "White Paper"
• Theory #2: Artificial Intelligence (A.I.) Created Bitcoin
• Decentralized Autonomous Organizations (DAO)
• Sophia- the android paid in cryptos
• A.I.'s private 'language'
• Theory #3: The Devil Created Bitcoin
• Revelation 13: 16-18 "...no one could buy or sell unless he had the mark..."
• Daniel 2:43- a disembodied spirit can be manifested through technology
• Theory #4: Bitcoin is the Savior from Banksters
• The mainstream media is already condemning it as a terrorist funding machine
• Conclusion: Deus Ex Machina
• Is the appearance of Bitcoin after the economic downturn of 2008 simply tooconvenient?
• Cash is already more anonymous than Bitcoin
• Privacy vs. Anonymity
• The Economist article from 1988 calling for a global currency called "Phoenix" that would come to prominence in 2018

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