Big Brother is coming to the blockchain - Crypto-kill by legislation - soon a reality?

Government Crackdown Coming To Crypto Currency Exchanges?

Cryptocurrencies and the Super-Elites Plan

The current crypto-hysteria is distracting many from a scary truth no one is yet willing to talk about. There is increasing indication that governments, regulators, tax authorities, and the global elite are moving in for the crypto-kill. The future of Bitcoin may be a dystopia in which Big Brother controls what’s called “the blockchain” and decides when and how you can buy or sell anything and everything.

Furthermore, cryptocurrency technology could be the very mechanism used by global elites to replace the dollar based financial system.

Consider the following additional developments:

On August 1, 2017, the SEC announced “Guidance on Regulation of Initial Coin Offerings,” the first step toward requiring fundraising through blockchain-based tokens to register with the government.

On August 1, 2017, the World Economic Forum, host body to the Davos conference of global super-elites, published a paper entitled “Four reasons to question the hype around blockchain.”

On August 7, 2017, China announced they will begin using blockchain to collect taxes and issue “electronic invoices” to citizens there.

Perhaps most portentously, the International Monetary Fund (IMF) has weighed in. In a special report dated June 2017, the IMF had this to say about blockchain:

“Distributed ledger technology (DLT), in particular, could spur change in the financial sector. …. DLT can be categorized as “permissionless” or “permissioned” depending on who can participate in the consensus-driven validation process. Permissionless DLTs allow anyone to read, transact on, and participate in the validation process. These open schemes (that underlie Bitcoin, for instance) could be very disruptive if successfully implemented. By contrast, in permissioned DLTs, the validation process is controlled by a pre-selected group of participants (“consortium”) or managed by one organization (“fully-private”), and thus serve more as a common communications platform.” (emphasis added).

Governments don’t like competition especially when it comes to money. Governments know they cannot stop blockchain, in fact they don’t want to. What they want is to control it using powers of regulation, taxation, and investigation and ultimately more coercive powers including arrest and imprisonment of individuals who refuse to obey government mandates with regard to blockchain.

Blockchain does not exist in the ether (despite the name of one cryptocurrency) and it does not reside on Mars. Blockchain depends on critical infrastructure including servers, telecommunications networks, the banking system, and the power grid, all of which are subject to government control.

So as long as the majority of people accept total surveillance and control by government, the Bitcoin-mania may probably sooner than later come to an end by governments coming out with legislation that will demand total transparency of all cryptos, or declare them illegal to trade in, or mandate their own one-world-crypto currency. Those who do not comply will then be rewarded with jail-time!

Never forget that the Internet was invented by Darpa https://www.darpa.mil/about-us/timeline/arpanet (back then actually called Arpa), a military-industrial-complex organisation that is not in the business of simply making our lives better. Their aim was to spy on everybody in every possible way and soon the Internet may become our worst nightware because government will use it to intrude into the deepest privacies of our lives - our homes, our bathrooms, our bedrooms...

More on the origins of internet:
https://www.internetsociety.org/internet/what-internet/history-internet/brief-history-internet-related-networks

People still don't realize the more we hand over self-responsibility to government by voting the more they will use this "power" to suppress humanity to the extent of total loss of freedom.

Source:
https://www.technocracy.news/index.php/2017/09/10/global-elites-secret-plan-cryptocurrencies/