Bubble, bubble, toil and trouble: Mt. Gox goes poof!

Mt Gox has gone bust.

Ahem.

We’ll take a quick bow (along with Gary North, Robert Wenzel, Bionic Mosquito, and several others).

We Bitcoin-deniers stood our ground in the face of relentless and shameless]pumping, supported by rent-a-libertarians, like the former chief editor of the Daily Reckoning, Joel Bowman and shameless other opportunists

[On rereading this, I think I want¬† soften my tone, since the anti-BTC’s have been proved by events.[

See the two MBP posts below:

BTC: My Comments at EPJ

Bitcoin: My Comment at EPJ and Block’s Reversal

See also the following anonymous comments at EPJ in December and November 2013:

My comments are anonymous, because I was worried that the elites might attack people who criticized BTC, just as they trashed Assange critics all over the net:

Comments at EPJ on December 3

 

  1. Anonymous (Lila )
  2. Stick with Gary North, Wenzel.

    Better the known devil than the unknown.

    And talking about unknown devils, who is this Paul Rosenberg from Cryptohippie?

    Who owns Cryptohippie?

    Might they have connections to TOR, Wikileaks, Assange, and/or the Internet billionaires (Zuckerberg, Brin, Thiel, Omidyar)? If so, can DARPA be far behind?

    How would we know since Bitcoin is so mysterious……

    In fact, how would we know if Bernanke himself wasn’t moonlighting as an “anti-Fed” bit-coiner?

    Answer is we wouldn’t.

    Also, what reason could there be for the inventor of an invention of this magnitude (purportedly) to coyly refrain from taking any credit or recognition?

    Another question, why does Julian Assange tout it?

    These are the things which must be investigated before anyone other than fools and gamblers will go near this scheme.

    Anonymous (Lila Rajiva)
  3. Maybe they gain something personally from promoting Bitcoins? Credibility with the hacker-anarchist world, for instance. Maybe even money. How do you know?

    It takes a big person to stick to his guns, even when peer pressure might suggest otherwise.

 


 

Comments at EPJ on December 12:

 

  1. Anonymous (Lila)
  2. @anonymous

    I don’t have time to refute step by step.
    Just the obvious points.

    You claim bitcoin allows you to transfer any amount of wealth anywhere in the world almost instantly and almost free.

    Actually, you can already do that with an ACH transfer (upto 10K), wire transfer ($25 for any sum) cash (as much as you can stuff undetected into your suitcase or cash cards. You can also do hawala.

    The limits in all these cases don’t arise from the medium, but from government restriction, which could be enforced much more thoroughly through BTC than by other means.

    Second. Bitcoins aren’t “free.” They require not only a very good computer, but an excellent internet connection, encryption of a very high order not only for the connection but for the hard drive.. and considerable technical knowledge to thwart the net-savvy people who swarm around bitcoin users.

    None of that is free or widely prevalent.

    In most countries, you don’t even have good enough internet.

    Plus, all of it can be snooped on and shut down.
    That is just one objection out of dozens I could raise.

    Reply

 

1.  Nov. 25, 2013 comments at EPJ

 

  1. Anonymous (Lila)
  2. Shame on anyone who is so credulous to believe this is the “free market” at work.
    Shame on anyone who supports this kind of elaborate con played by the very cartels that anarchists are supposedly fighting.

    Bitcoin is a Rothschild-backed intelligence-funded pump-and-dump. The purpose is to destabilize the dollar and provoke demand for a global single currency.

    It is the global elite-backed “controlled opposition,” using spokesmen from the CIA-infiltrated/ hard-money or “libertarian” community. The ones pitching it will make money as the proles rush in.

    It is easily tracked, easily gamed.
    More so than the dollar or gold.

    This massive swell of interest and pumping by all and sundry is a sure sign of intel involvement.

  3. People promoting this might as well have INTEL stamped on their forehead.
  4. Or FRAUD.

 

Anonymous (Lila)

 


 

 

@Philip, Anonymous, edward.

 

Intelligence and government are multi-layered, not unitary.

 

The right hand doesn’t know what the left hand is doing. Sometimes even the left hand doesn’t know. Just a finger or a nail knows.

 

Intelligence might take a while to understand the potential in something their scientists come up with. So it might take a year or two or more. Then they embrace it.

 

The MSM media is brain-washed one way – the obvious mainstream, Keynesian brainwashing.

 

The alternative media, including hard money people, are past the mainstream brainwashing, but they fall for the second-level brainwashing – they fall for Snowden, Assange, Hacktivism, Crypto-currency, Wikileaks, and all such black operations, meant to appeal to gullible, egoistic anti-govt types.

 

There are legions of agencies involved who profile dissent and come up with the red herrings that will be swallowed by the maximum number of fools and opportunists.

 

The economic dissenters trust their hard-money gurus, but that crowd is filled with two-bit cons who will fit their agenda to whatever the intelligence agencies tell them.

 

Please go back and look at when Bitcoin mania started and look at who has promoted it.

 

Be wise as serpents, my friends. Wenzel’s instincts are right. I hope he will not be dazzled by Mayer’s “expertise” and misled into supporting this con game.

 

As for sources. Do some research directly yourself and see what you find.

 

Reply

 

their ‘endgame’ …. .

 

 

Anonymous (Lila)

 

 

@Phil McKreviss, EndtheFed,

 

There are a few libertarian (rightist and leftist) blogs where Assange and Snowden have been deconstructed thoroughly. No need to reinvent the wheel here. Let your fingers take a walk and you will see that they are both mouthpieces for the global elites.

 

Some reliable sources you could read: Cottrell, Rappaport, Creighton, Rajiva, Madison…off the top of my head.

 

China – China is a COMMUNIST country, my friends. Goldman Sachs has a big presence there.

 

End-game is control – maximum control over your assets, your money, your movements, your writing, your thoughts – so they can harvest it all for themselves.

 

The elites would be gods…and for that, they need for you to be less than men. They need for you to be little BITS of a machine.

 

Read everything critically, inwardly, not in this trusting fashion.

 

Rest assured, when something shows up on the internet, with this much fanfare, the elites approve.

 

Freedom is hard.

 

It will not come without sacrificing some time, effort and along the way, some favorite delusions and consolations too.

 

Biggest delusion is to believe that there is any quick simple remedy whereby you get to make a ton of money quicker and liberate “the world” too.

All that is Grimms Fairy Tales in a special edition for libertarians.