How was Bitcoin hacked? CoinGeek’s Kurt Wuckert Jr Explains The History Of Bitcoin On CJTV
Why is BTC no longer Bitcoin? How and why have companies around the world taken control of BTC and derailed it?
In the CJTV episode, titled “BANKS Hijacked Crypto – Hidden Puppeteers Exposed,” Kurt Wuckert Jr., Chief Bitcoin Historian at CoinGeek, gives audiences a detailed look at how Bitcoin was hijacked and how outside influences may have derailed BTC from what the white paper defined. Bitcoin in the making.
Host “CJ” begins the show with a statement, “Exhibit the puppeteers, whose strings are pulled, whose sponsors what and what is really going on!” Pull back the curtain, drop the bombs of truth, mercilessly.
From there, the two take an in-depth look at who funded the industry, what their specific interests are, what group of individuals might be with significant influence over the end goal of the BTC network, why BSV is Bitcoin as described. in the white paper, and much more.
“All of a sudden, Blockstream received a payment of $ 55 million from a company called AXA Insurance, a large European financial institution that has a venture capital arm. Curiously, at the time, the CEO of AXA was a certain Henri de Castries, a French multibillionaire who was at the time president of the Bilderberg group. He paid $ 55 million to help found the Blockstream company to professionalize Bitcoin developers, so now you take these software guys and say okay, now you’re making a couple hundred thousand dollars a year developing what I want on Bitcoin – who are you going to debate with as a professional developer? Who will fight, who will argue? they control the narrative, ”Kurt said.
He added: “It’s not just Blockstream if you look at who else has moved on in this area, Blockstream also has ties to Digital Currency Group, Blockchain Capital, and Digital Garage – these are all other big groups of. venture capital – and if you step up, they all have a very close connection to Mastercard… They say let’s raise the money, pay each developer to do what we want – and then from there, it’s all over. suddenly, Bitcoin cannot scale, Bitcoin cannot do any of these things, unless! You are using technology Lightning Labs, another company owned by Digital Currency Group and MasterCard, or Coinbase, also owned by Digital Currency Group and MasterCard, and the same people. So all of a sudden you have this walled garden of things under the guise of decentralization. “
Throughout the conversation, Kurt follows the money and uses the paper trail to show the public that decisions made on the BTC network are influenced by companies and venture capitalists who have a stake in the entities that pay. the main BTC developers. Which begs the question, why do the companies and individuals with a stake in these BTC companies want to control the narrative? What do they want from this?
CJ asks Kurt, “What’s the end of the game for the puppeteers?” Basically they subverted space, they hijacked Bitcoin, they sponsor like 90% of the projects if not more in space, what’s the end goal?
To which Kurt responds, “It’s kind of like when you patent something to keep it from killing your business model. If you make a lot of money selling chemotherapy, but you can cure cancer for a dollar, you will want to patent this remedy and not sell this remedy because you are selling something that costs $ 20,000 a month (chemotherapy), so if you try to sell the thing that is worth a dollar, you will go broke.
“So there is a business incentive to retain the best technology if it is not profitable. So that’s really really what I think it is. Bitcoin allowed to scale without limits anywhere completely replaces the entire fiat economy, it not only replaces MasterCard, it replaces the banking system, MoneyGram and Western Union. It replaces all global remittances, it all goes away, and it’s replaced with something that’s pretty much free, pretty much free to the user, frictionless, it works every time, and then you actually have the ability to do it. do.
Bitcoin as presented in the white paper is a threat to many existing businesses. One way to curb this threat is to take a stake in it, “if you can’t beat them, join them.” With the ability to control the BTC network, individuals and companies funding BTC development can effectively determine the capabilities and future of the network.
To learn more about who is funding basic BTC development, why they want to control BTC, and the effect their influence has had on the BTC network, you’re going to want to watch “BANKS Hijacked Crypto – Hidden Puppeteers Exposed (AMA with Kurt Wuckert Jr.) ”on CJTV.
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