Below is a debate on Bitcoin between AIM member Yohan Tengra and another AIM member, Brian Fernandes. Brian Fernandes : Why am I a Bitcoin skeptic? Bitcoin, a cryptocurrency, is said to be free from manipulation by the globalists and the governments. Indeed, in the recent Canadian Truckers movement, when the Canadian government, credit card companies and GoFundMe, blocked funding to the movement, it was Bitcoin that came to the rescue. However, can Bitcoin be considered as a long-term investment option, to counter the New World Order that the globalists have planned for us? This article addresses this question. The globalists, such as Bill Gates, and many governments have been critical of Bitcoin. Just because they are critical of Bitcoin does not make it an attractive option. Bitcoin has to be considered on its merits. A review of the Bitcoin Whitepaper available on https://bitcoin.org/en/bitcoin-paper , reveals that Bitcoin is intended as an electronic payment system for the purpose of commerce on the internet. The Whitepaper absolutely does not mention Bitcoin being offered as a long-term investment option. Additionally, this statement on https://bitcoin.org/en/bitcoin-core/features/validation is noteworthy – “The bitcoin currency only works when people accept bitcoins in exchange for other valuable things.” There is no mention of Bitcoin being backed by something of value, such as gold or silver. In this respect Bitcoin is like Fiat currency, it has no intrinsic value of its own and only works when the public at large accepts it. Bitcoin is open source, but this is not enough. Information whether and to what extent the globalists are holding bitcoins and whether miners are majorly controlled by the globalists is not available in the public domain. For all we know, the globalists may be secretly holding major chunks of bitcoins and may be controlling a major part of bitcoin nodes and bitcoin mining activity. The globalists may be honestly trading in Bitcoin for now, but can easily turn hostile in the future. The globalist asset management company Blackrock has built an electronic system (aka robot) called Aladdin that automatically trades in the stock and bond markets. https://www.youtube.com/watch?v=AWBRldjVzuM Is there anything stopping such robotic systems from trading in Bitcoin? Decentralization is touted as a major attraction of Bitcoin. In this context, there is a noteworthy statement on https://bitcoin.org/en/bitcoin-core/features/validation “Unfortunately, many users outsource their enforcement power. This leaves Bitcoin’s decentralization in a weakened state where a handful of miners can collude with a handful of banks and free services to change Bitcoin’s rules for all those non-verifying users who outsourced their power. “ This statement is accurate and also the common man has no way of checking the current level of decentralization of Bitcoin. Moreever, the story of Mike Hearn needs to be told. Mike Hearn had quit his lucrative job at Google to work full time as a Bitcoin Core developer. However, a few years later he quit working for Bitcoin and sold all his bitcoins. He wrote a blog https://blog.plan99.net/the-resolution-of-the-bitcoin-experiment-dabb30201f7 wherein he stated “What was meant to be a new, decentralised form of money that lacked “systemically important institutions” and “too big to fail” has become something even worse: a system completely controlled by just a handful of people. “ The decentralized nature of Bitcoin is thus to be suspected. Finally, Bitcoin needs internet connectivity. In this age of censorship, if internet of specific people gets blocked because they are spreading say anti-vaccine messages online, then access to Bitcoin is gone. If life-savings are invested in Bitcoin, this would be catastrophic for the investor. To conclude, while Bitcoin has its uses as an electronic payment system, it is suspect as a long-term investment avenue. [Article written by Brian Fernandes, NSC member of AIM. Views are personal.] Response by Yohan Tengra : 1) Bill Gates and Musk have not just been critical of bitcoin, they’ve dismissed it because it uses too much energy, something which goes against the UN Agenda 2030 for sustainable development (technocracy) – https://www.forbes.com/sites/jonathanponciano/2021/03/09/bill-gates-bitcoin-crypto-climate-change/?sh=55c9d2a36822 They are critical of it because a blockchain with actual mining power behind it makes the transactions irreversible and lets people send their money to anyone in a permissionless fashion, among other reasons. This is also the reason why globalist institutions have no problem promoting blockchains which aren’t based on mining but are instead based on proof of stake (like ripple). The world economic forum has actually shared posts which promote proof of stake (which is what most cryptocurrencies use) over proof of work (which is what bitcoin uses). Proof of stake coins make it easier for the globalists to control that currency, proof of work is what creates real decentralisation, something that makes Bitcoin far more superior to other cryptos. To learn more indepth about the difference between proof of work and proof of stake and why the globalists prefer the latter and dont prefer bitcoin – https://endthefud.org/PoW 2) The Bitcoin whitepaper does talk about it being an electronic payment system for the purpose of commerce. But thinking of it simply as a currency ignores the knowledge of monetary history and the evolution of money. Sound money has certain properties which have decided which commodities have won in history in the race to become money. Everything from seashells to stones have been used as money in the past. What made gold win in this race to become money? Its properties, which are its limited supply, divisibility, fungibility, unit of account and store of value. Bitcoin shares all of these properties and actually offers some advantages over gold. Before gold became used in commerce, people first used it as a store of value. This is a similar phase that bitcoin is in while its on its path to full monetization. Gold is a store of value and at the same time can be used in commerce, and the same applies for Bitcoin. Sound money is not just used to exchange value but is also used to store it over long periods of time, this is an important property of any good […]