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RED ALERT – IBM Moves to Create a Centralized, Central Bank Controlled Blockchain for Currency Control International Business Machines Corp is considering adopting the underlying technology behind bitcoin, known as the “blockchain,” to create a digital cash and payment system for major currencies, according to a person familiar with the matter.
– From the Reuters article: IBM Looking at Adopting Bitcoin Technology for Major Currencies Many activists and thinkers in the anti-status quo world were understandably very suspicious of Bitcoin when it first entered mainstream consciousness during its run-up from $10 to $260 in spring 2013. I myself had heard of Bitcoin years before I publicly expressed my interest and support of the technology. With no tech background, I was immediately overwhelmed with the concept, and so I initially dismissed it and forgot about it. It was only in 2012, that I started asking questions of tech experts who I had become friends with it about it in order to calm my concerns. Considering these people have similar political leanings and are even more paranoid than I am about the corporate-gulag state, I felt somewhat reassured. Then, when I recognized the powerful political implications of the technology, I wrote my first public thoughts on it. The post was titled, Bitcoin: A Way to Fight Back Against the Financial Terrorists? Here’s a key excerpt from the post, and what really got me interested in Bitcoin:
The problem with Bitcoin, was that once it exploded onto the scene, everyone suddenly had to have an opinion. Whether or not this opinion was informed, or based on even the most basic understanding, wasn’t important. What was important is that you had to take a stand: yay or nay. This was unfortunate. It led to many well-meaning, but technologically challenged people to claim Bitcoin was the currency of the anti-Christ. The dreaded “one world currency” that would usher in the reign of Lucifer. These opinions were almost always based on ignorance, and it led to decent people who care about freedom to dismiss Bitcoin. In contrast, the real status quo was able to see Bitcoin and understand the threat it posed to the control system. Now IBM is working on a solution for Central Banks, and if this takes hold, it could be very, vey bad for liberty. From Reuters:
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