Cryptocurrency: Good investment or One World currency(Part 2 of 2)

 

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Bitcoin, which is the de-facto digital currency is being talked about as being a one world currency. Talks of Illuminati have been brought up ever since people think that a group of people all over the world want to create a one world currency. Well the good part is, Bitcoin isn’t going to be the only cryptocurrency so Bitcoin can’t be the only one. Bitcoin is actually better off as a store of value. A one world currency is good but can also have its disadvantages. Here are our reasons why Bitcoin will not be the one world currency everyone is scared of.

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  1. No Regulations: Bitcoins do not have any backing authority for its operation nor is it backed by any country. It does not have any regulations. People already don’t trust it by nature but no country would be for a currency that can’t be backed by anything. They also won’t allow a currency without a central bank.
  2. Illegal Purchase: Lots of illegal purchases can be possible with Bitcoin transaction. Drugs, chemical, radioactive materials cannot be easy to purchase in normal transaction methods. Many illegal purchases are done with cash but it’s easier to transfer $50 million to someone through Bitcoin than it is with cash.
  3. Not the Only Currency Crypto: Bitcoin isn’t the only digital currency being used as a currency. With over 1200 altcoins, many of them have different use-cases like privacy coins, supply chain operations, enterprise solutions and more. Litecoin and Vertcoin will join Bitcoin as an everyday currency.
  4. No Trust: Since it doesn’t have headquarters, it doesn’t have any customer care. It is difficult for a normal person to grasp the idea of Bitcoins. Because of this problem, people won’t trust to join Bitcoin. The fact that you can’t touch it, smell it or hold it also makes people not trust it.
  5. Lack of Awareness: Awareness about Bitcoin is much lower than most people think. Less than 1 in 10,000 people own cryptocurrencies. This also aids the trust issue.
  6. High Fluctuations: Day by day, the value of Bitcoin is increasing. As good as this sounds, there are many more days when the price of Bitcoin drops and this creates a volatile market. This is one of the reasons that big corporations like Amazon and Uber are not adopting Bitcoin as a form of currency to accept.Bit5...A new Department of Justice (DOJ) directive from Attorney General Jeff Sessions makes it more important than ever to own cryptocurrency and to do so outside of digital exchanges which function like traditional banks; translation, they will rush to obey law enforcement agencies. The new directive expands the power of civil asset forfeiture for federal agents, allowing them to sidestep laws in the 20 states that currently restrict the practice.Civil asset forfeiture allows federal or local law enforcement to confiscate property and wealth from anyone suspected of committing a crime or of being connected to one. The targeted person doesn’t need to be charged or arrested. No crime needs to be proven.Even in the presence of a crime, the person’s property may have been used without their knowledge. For example, Russ Caswell fought for years to retain ownership of his motel in Massachusetts which was worth $2 million. Federal and local law enforcement claimed the motel was theirs because drug deals had happened without Caswell’s knowledge. He ultimately prevailed but it required backing from the powerful Institute for Justice and an intense media campaign. Success in contesting the seizures is rare.Because the process is a civil and not a criminal one, there are no due process protections and law enforcement has a free hand. The evidentiary standard reduces to a police officer’s alleged suspicions; for example, cash is always suspected drug money.

    Conclusion: Own Cryptocurrency like Bitcoin

    Sessions’ letter rings the dinner bell for federal, state and local thieves. You are the dinner.

    Civil asset forfeiture is here to stay. As economic times get tougher, the practice will only accelerate. It is the main method by which law enforcement self-financewithout needing the approval of taxpayers or officials on budgets. Many police departments could not sustain themselves without the thievery of civil asset forfeiture.

    As a huge fan of cash, I advise you not to carry much more than you immediately need. The only portable wealth you can depend upon keeping is cryptocurrency maintained in a private wallet under a key you control. Avoid “policing for profit,” avoid “theft by cop.” It is about to become much more common.

Presidential Bloodlines:Hillary Clinton and Donald Trump are cousins

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Presidential candidate Donald Trump may criticize rival Hillary Clinton regularly, but the Republican and Democratic front-runners are actually distant relatives. 

Both the real estate tycoon and former Secretary of State are the direct descendants of 14th century 1st Duke of Lancaster John of Gaunt and his third wife Katherine Swynford, according to the ancestry site MyHeritage.com.

Clinton claims the lineage to her 18th great-grandparents through the Rodham family of her father’s side while Trump is related to her through his mother Mary Anne Macleod, who was born in Scotland. 

The common relative means that the Democrat and Republican are 19th cousins.

John of Gaunt, a royal in the 14th century, was the son of King Edward III and featured in the Shakespearean play Richard II, named after his nephew.

Swynford was at first Gaunt’s mistress, but they later married and their offspring were legitimized.

Gaunt’s children by Swynford include Trump’s 17th great-grandfather John Beaufort and Clinton’s 17th great-grandmother Joan Beaufort, according to MyHeritage.

The Duke of Lancaster’s son by his first wife Blanche, would later go on to become Henry IV.

Various other descendants of Gaunt would claim his lineage to Edward III during the War of the Roses, a conflict that makes today’s political scandals seem laughably tame in comparison.

The war ultimately ended when Henry VII, a member of the House of Lancaster, defeated Richard III in battle and became the first Tudor king.

We must face the reality.  These elections are rigged.  How can so many Presidents be cousins?  How can so many candidates be related?  It’s hard to believe this is all a coincidence.  I know people are very scared of conspiracy theories.  It’s because people don’t want to do research and are scared of anything that doesn’t fit their perspective.  Even if that perspective is wrong.  It’s time for black people to wake up and use some critical thinking skills.  They told you as a kid that anyone could become President of the United States.  But it’s all a lie.  If you are not blood related to the King of England you can’t become President. This is just my opinion….you might disagree with me. I just provide the information. You can draw your own conclusion.

https://realitybloger.wordpress.com/2014/01/13/how-all-presidents-are-related-to-king-john/