Blockchain’s processing capacity is inadequate for worldwide use
The false monetary system has blocked reasonable thinking
Humanity today is struggling to maintain itself, to further the industrial and commercial activity of the world that was established when gold was money. To realise; what we have today is deliberately total chaos. Look at real estate and share prices, these are completely loose from reality. This chaos prevails because humanity is no longer in contact with the realities of the physical world: rational human activity is disconnected from those realities, due to the false money numbers, that are between us and the physical world, upon which people must act accordingly to reason, which is an impossibility.
The only special characteristic of numbers is that they move about the Internet within a carefully controlled system, that prevents unauthorised access to it. Only the owner of e.g. a Crypto-digit, can dispose of it by sending it to someone else.
Humans are not behaving reasonably because the false monetary system has blocked their thinking. And when, gold should come back into use as the world’s money, we have to consider how a totally confused world might cope with that change: could it be, perhaps, by opting for a wholesale, suicidal destruction of the human race, rather than an adaptation to new habits, new employments and reordering of priorities, which the rational understanding of the world will require once the mental block of “numbers-money” is removed?
Look at the stellar rise of the number of cryptos, 2.000 or more are around with every day new cryptos arriving on the scene. All this is the result of the illegal central planned central bank controlled money system, that has confiscated people’s free market aspirations.
Crypto-currency is without legal right to ownership of anything tangible
What is a “crypto-currency”? What are Bitcoins and all the rest of the crypto-currency pack? They also are digits on computers, and nothing more. What is “a digit on a computer”? The definition would seem to run along the lines of “an electric charge in a computer memory”.
If the ownership of a crypto-currency digits on a computer, or more exactly, on a “blockchain system” of computers, constituted a legal right to a thing with real physical value, say 1 kilo of copper, or 1 ounce of silver, or 1 ounce of gold, or any other physically existing commodity in a legally constituted depository, then there wouldn’t be a problem with such a “crypto-currency”. However, so far as is known, none of the crypto-currencies carry with them any legal right to the ownership of anything tangible at all.
In this regard, they are like today’s fiat-money, which has no relation at all to any underlying physically existing good. The crypto-currencies are regarded as valuable assets because when they were born, someone had the bright idea of saying that they were money.
That simple affirmation impacted masses of people anxious to make a buck quickly and easily, and these poor innocents are not able to think things through carefully. If something – whatever it is – appears to have a rapidly increasing monetary value, there will be thousands – or millions – of individuals anxious to get into the scheme. This has happened, time and again, throughout history. And doubtless this will happen again, ending in inevitable disappointment and losses for all these naive investors.
What distinguishes the Cryptos from all the world’s currencies today, is that the currencies of the world – the dollar, the euro, the Yen, the Yuan, the British pound, etc. – all are issued by Central Banks that regulate as carefully as they can, the price of their currencies in terms of each other.
The great mass of the world’s currencies, is like the Bitcoin and its fellows, simply digits on computer memories. No Central Bank wants its monetary digits to rise substantially in value against the other Central Bank’s monetary digits, because that would affect their country’s exports; and conversely, no Central Bank wants to see its currency digits depreciate against other Central Bank’s currency digits, as that would lead to rises in national prices and Capital Flight, since investors would sell those falling currency digits in order to purchase others which would be rising in relation to the falling currency digits. Central Banks are the “shepherds” of the currency digits they issue.
The Bitcoin was able to rise to some $20,000 dollar digits in value, when the appetite for it was voracious, but it will also be able to fall to virtually nothing.
The hype around Crypto-currencies is a modern example of the sheeple-herd mentality. Apparently, there is total lack of logically thinking; when buying a piece of value, it is rational to exchange it for an equal peace of value represented in the exchanged money. Since cryptos don’t carry any intrinsic value there never can be a balanced deal. In other words, cryptos have become The Madness of Crowds because these crypto- enthusiasts don’t think independently and are clearly unfamiliar with rational through thinking, which eventually will result in a lot of grief.
In the case of “Bitcoin”, its spectacular rise in value has emerged because it is an object of a world-wide speculation; because of the Zero Interest Rate policy of the Central Banksters, the public is anxious to obtain huge profits quickly, they are pushing its price skyward. There is at present a strong majority of buyers and a small minority of sellers. Its spectacular price is quite disconnected from the universe of goods which serve humanity.
The lack of stability in the value of “Bitcoin” and for the same token other cryptos is part of the essence: that they will never achieve stability between buyers and sellers, like any other merchandise, because similar a tossed coin cannot fall on its edge. There will always be either a majority who wishes to buy, as is the case at present, or there will be a majority who wish to sell.
There can be no “middle ground” for Cryptos because the only reason that “Bitcoin” is soaring in value, is because its value is soaring. And conversely, at some point it will be collapsing in value, simply because it is collapsing in value. The public has no real organicreason to own “Cryptos”, based on its utility in the world of goods: when for example “Bitcoin” begins to fall, there will be no buyers to stop its fall, because at no point will there be buyers who will say to themselves, “At this price, I have a use for “Bitcoin”.
Therefore, after the apparently unstoppable rise in value of the “Bitcoin”, there will inevitably come a moment when this rise will turn into a sudden and swift fall: this will happen when the sellers become the majority and want to realise their enormous profits: they will suddenly find there are no takers and the value of “Bitcoin” will collapse.
The stability of prices in the world of goods – the prices of copper, iron, oil, aluminium, wheat, etc., derives from the use the world gives to goods. “Bitcoin” and its imitations are not goods, they are simply digits that move outside the purview of Central Bankster’ control of the transfer of property of quantities of money – their only real service. Bitcoin for example runs on an independent transfer system called Blockchain. Which, has its transfer-limitations.
Blockchain’s processing capacity is inadequate for worldwide use
That is why, Blockchain is already outdated in accordance to insiders. A faster and more efficient system than blockchain technology is the Full consensus distributed ledger technology, it is far more Superior, Secure, Faster, Decentralised, Energy efficient, and Profitable.
Increasing bitcoin’s processing capacity has been a testy topic in the crypto world and has mostly amounted to a battle between those who are so-called miners of bitcoin, who verify bitcoin transactions, and those who develop software to run atop the so-called blockchain, or distributed ledger that underpins the virtual asset. Critics have argued that increasing the number of units, or megabytes, that can be processed in a transaction will drive up costs for miners and in turn drive out miners, disrupting the natural, decentralised community of verifiers of bitcoin transactions that support the currency.
Citing scalability – the ability to measure according to scale – issues and a lack of decentralisation, the bitcoin sceptics adds blockchain technology is “nothing better than a glorified spreadsheet or database.” – Scalability refers to the ability of cryptocurrencies to process increasing volumes of transactions efficiently and that has proved to be a significant roadblock to real-world use cases. Bitcoin on blockchain can process around five transactions per second. Ethereum, the popular smart-contract based blockchain, can process anywhere between 10 and 15 per second. Whereas companies like Visa and MasterCard can handle more than 5,000 per second.
Moreover, people want privacy, without anyone spying on them, and not funded by advertisements. This is being materialised with the Hashgraph system, that is something that appears out of nothing living in your computer. Enabling anyone to participate on multiple levels in a shared world, that connects everyone to each other.
This is being realised with the so called, Hedera hashgraph platform that provides a new form of distribution consensus; a way for people who don’t know or trust each other to securely collaborate and transact online without the need for a trusted intermediary. The platform is lightning fast, secure and fair, unlike some blockchain-based platforms. It doesn’t require computer-heavy proof of work. Hedera enables and empowers developers to build an entirely new class of distributed applications, never before thought possible.
Anyhow, the existing cabal owned SWIFT-transfer-network system, must be destroyed, which will happen when the economy collapses. This network is going to be replaced by the Quantum Financial System – QFS that once implemented also would initiate GESARA, that will be timely announced in order to prevent chaos.
A New Monetary System is ending the corrupt Cabal’s criminal usury,
This system will cover the new global network for the transfer of gold or asset backed money. Initiated by Russia and China to replace the US-centrally controlled Swift system.
This new Quantum Financial System – QFS is run on a quantum computer based on an orbiting satellite, and protected by Secret Space Programs, to ensure that it cannot be hacked. The quantum technology was provided by the benevolent Galactics. The purpose of the new financial system is to put an end to Cabal corruption, usury, and manipulation within the banking world. The key is to implement limitations that will prevent corrupted banksters from gaining significant profit.
So, the question for independence from the existing centralised system has already been adequately resolved. At least there is no need for blockchain technology as that has been superseded on its shortcoming by at least two other transfer networks, putting the need for cryptos very much into doubt. Moreover, after the Revaluation all sovereign currencies are gold or asset backed, being of sustainable value which makes the need for unbacked cryptos obsolete.
Now, it is time people learn to think for themselves, to becoming detached from hypes, which comes as multitudes think that something is valuable, whereas by logical thinking this does not seem to be the case. Much in the world has been intentionally misinterpreted by the media. There is a great lack of independent critically thinking people. This can easily be improved by reading and studying my book THE GREAT AWAKENING, by sequentially experiencing and consciously understanding the upcoming developments with enjoyment.