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    Author Topic: Bitcoin blackhats ruining the currency?  (Read 3892 times)
    Luckybit (OP)
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    April 16, 2013, 11:28:55 PM
     #1

    It seems to me the community is divided between whitehats who want Bitcoin to be a success and blackhats who don't care about Bitcoin and who just want to make a quick profit. The blackhats currently have the winning hand because apparently the blackhats are better at high frequency trading, speculating, and coming up with algorithms to manipulate markets. Whitehats in the Bitcoin community haven't caught up to the fact that they are in an arms race against these blackhats from Wallstreet who care nothing about Bitcoin and only want to make profits and who professionally design algorithms to bend or manipulate exchanges to do it.

    These are professionals, they know what they are doing, and have been doing it since before Bitcoin existed. And it appears to be coordinated as well, because talking heads predicted in advance that Bitcoin would "crash" and even discussed how. Mike Adams for example wrote about it in his Bitcoin hit piece http://www.naturalnews.com/039850_bitcoin_bubble_crash_globalists.html

    In the hit piece Mike Adams discusses how the central banks can criminalize Bitcoin. He gives step by step solutions in how to drive prices down, he uses the oft-used meme we hear floating around that it's a pyramid scheme, a ponzi scheme, and he claims this is the plan of the central banks. Yet he is the one who predicted approximately 24 hours prior that Bitcoin would crash and now has the detailed plan on how it will be stopped.

    There is a reason Alex Jones and Mike Adams don't like Bitcoin, it's a global currency which means it benefits globalists. Alex Jones and Mike Adams are nationalists, so why would anyone expect them to support a globalist currency?

    Bitcoin whitehats need to get up to speed about what is going on. If you believe in Bitcoin you need to fight by producing the greatest algorithms to defend it. Blackhats are probably coding and scheme this minute on how to exploit Bitcoin for personal gain, how to game the system, or on how to destroy Bitcoin.
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