All in on Bitcoin

I’ve spent some time today listening to Peter Schiff talk about Bitcoin and his arguments against this particular cryptocurrency.

To begin with. I like listening to Peter Schiff. He’s one of the few economists out there who is able to communicate effectively without devolving into eco-babble.

That’s probably why he has been a successful author.

He has an engaging personality.

Nevertheless I disagree with his arguments against Bitcoin.

I will go over a few of his arguments with my comments.

Number one, he says that Bitcoin is not unique. He states that anyone can make a cryptocurrency. This argument is as valid as saying that anyone can make a burger.

Yes, this is true, but not everyone can be McDonald’s.

McDonald’s is a multi-billion dollar corporation because they have figured out a way to make a reliable burger that is tasty. McDonald’s value also comes about because they invest a tremendous amount of money in advertising.

This is Bitcoin‘s primary advantage. They were there first, and they are always in the news.

That’s a big advantage. That’s why they’re number one.

If Ethereum had been first out of the block, they would have been the primary cryptocurrency.

The same could be said of Polkadot or Cardano.

But they weren’t. Bitcoin was first.

Secondly, Peter Schiff makes the argument that there is no value in Bitcoin.

He says that you can’t eat it like a commodity. You can’t wear it like a piece of gold. It doesn’t provide interest as a bond does, nor does it provide a dividend as a stock may do.

All of this is true. And yet it is not true.

Bitcoin does have value in that it provides a store of value. That’s what Bitcoin is. It is nothing more than a giant ledger that is distributed out on thousands upon thousands of servers around the world.

The whole point of Bitcoin is to provide a standard which cannot be inflated by man.

Peter Schiff points to the wild swings in Bitcoin as evidence that it is a pyramid scheme.

He sees those wild swings as evidence that Bitcoin is nothing more than a scam in which the early investors sell to the suckers who come in later.

Well, perhaps to a certain extent that is true. I don’t doubt that there are people who are cashing in their winnings.

But isn’t that also true of the stock market?

I’ve listen to Jim Cramer for years now, and he is always advising people to sell high and buy low.

That’s just human nature.

But does that mean that the stock market is a pyramid scheme?

Not necessarily, although I do believe it is. Ha ha.

I suppose if we look at the stock market and Bitcoin as a market place where early investors sell high and make a profit, we can view it as a pyramid scheme.

But that doesn’t mean that everyone is viewing the stock market or Bitcoin in that way.

There are many people who are investing in Bitcoin because they are tired of fiat currency destroying the value of their money.

There are many people who are investing in Bitcoin because they feel that the ledger that is Bitcoin will grow in value as more people come on board.

That’s one of the reasons why Bitcoin is increasing in value.

Bitcoin is increasing in value because more and more people are buying into the concept of this distributed ledger as a means of safeguarding their money.

Just as McDonald’s increases in value through goodwill, that intangible asset that signifies that this company provides a valuable service, Bitcoin is also increasing in value through goodwill.

That’s part of the reason why Bitcoin exploded in value.

Nevertheless, Peter Schiff demeans Bitcoin while extolling the value of gold.

To begin with, gold is not all that useful a metal when it comes to industry. Silver is the far more useful metal. Gold is used more for ornamental value – jewelry.

Yes, it’s true you can’t wear Bitcoin like you can wear gold.

However, Bitcoin is far more useful as a fungible asset than gold.

I don’t want gold bars being shipped to my house. I don’t want to have to worry about someone stealing my gold bars.

I don’t fully trust these gold funds either.

Bitcoin is attractive to me because I can purchase it on my phone and I can access it readily. If I want to dispense of it I can do that also, and I can do that very easily. That makes Bitcoin extremely useful and therefore valuable to me. Actually, it makes it more attractive and more useful than gold.

These are the reasons why I am investing in Bitcoin.

To tell you the truth, after this recent drawdown, I took the rest of my cryptocurrencies and converted them into Bitcoin.

I got rid of everything else. I got rid of Ethereum, Cardono, Polkadot, OMG, Ankr, Dogecoin, Shiba.

I am all in on Bitcoin.

Just so you know, my initial investment was 53,000. Today my value stands at 20,000.

I don’t like taking the hit, but I have to go with my gut.

I don’t think the powers that be will shut down Bitcoin. I think they would be fools if they did.

Bitcoin cannot only serve the needs of the regular people, it can also serve the needs of the rich. The rich need a hedge against inflation also.

Bitcoin will never replace the dollar or other national currencies, nor should it.

In that respect, Bitcoin is necessary and therefore valuable.

Sincerely,

Archer Crosley

Copyright 2022 Archer Crosley All Rights Reserved

All In on Bitcoin

I’ve spent some time today listening to Peter Schiff talk about Bitcoin and his arguments against this particular cryptocurrency.

To begin with. I like listening to Peter Schiff. He’s one of the few economists out there who is able to communicate effectively without devolving into eco-babble.

That’s probably why he has been a successful author.

He has an engaging personality.

Nevertheless I disagree with his arguments against Bitcoin.

I will go over a few of his arguments with my comments.

Number one, he says that Bitcoin is not unique. He states that anyone can make a cryptocurrency. This argument is as valid as saying that anyone can make a burger.

Yes, this is true, but not everyone can be McDonald’s.

McDonald’s is a multi-billion dollar corporation because they have figured out a way to make a reliable, tasty burger. McDonald’s value also comes about because they invest a tremendous amount of money in advertising.

This is Bitcoin‘s primary advantage. They were there first, and they are always in the news.

That’s a big advantage. That’s why they’re number one.

If Ethereum had been first out of the block, they would have been the primary cryptocurrency.

The same could be said of Polkadot or Cardano.

But they weren’t. Bitcoin was first.

Secondly, Peter Schiff makes the argument that there is no value in Bitcoin.

He says that you can’t eat it like a commodity. You can’t wear it like a piece of gold. It doesn’t provide interest as a bond does, nor does it provide a dividend as a stock may do, or at least used to.

All of this is true. And yet it is not true.

Bitcoin does have value in that it provides a store of value. That’s what Bitcoin is. It is nothing more than a giant ledger that is distributed out upon thousands upon thousands of servers around the world.

The whole point of Bitcoin is to provide a standard which cannot be inflated by man.

Peter Schiff points to the wild swings in Bitcoin as evidence that it is a pyramid scheme.

He sees those wild swings as evidence that Bitcoin is nothing more than a scam in which the early investors sell to the suckers who come in later.

Well, perhaps to a certain extent that is true. I don’t doubt that there are people who are cashing in their winnings.

But isn’t that also true of the stock market?

I’ve listen to Jim Cramer for years now, and he is always advising people to sell high and buy low.

That’s just human nature.

But does that mean that the stock market is a pyramid scheme?

Not necessarily, although I do believe it is. Ha ha.

I suppose if we look at the stock market and Bitcoin as a market place where early investors sell high and make a profit, we can view it as a pyramid scheme.

But that doesn’t mean that everyone is viewing the stock market or Bitcoin in that way.

There are many people who are investing in Bitcoin because they are tired of fiat currency destroying the value of their money.

There are many people who are investing in Bitcoin because they feel that the ledger that is Bitcoin will grow in value as more people come on board.

That’s one of the reasons why Bitcoin is increasing in value.

Bitcoin is increasing in value because more and more people are buying into the concept of this distributed ledger as a means of safeguarding their money.

Just as McDonald’s increases in value through goodwill, that intangible asset that signifies that this company provides a valuable service, Bitcoin is also increasing in value through goodwill.

That’s part of the reason why Bitcoin exploded in value.

Nevertheless, Peter Schiff demeans Bitcoin while extolling the value of gold.

To begin with, gold is not all that useful a metal when it comes to industry. Silver is the far more useful metal. Gold is used more for ornamental value – jewelry.

Yes, it’s true you can’t wear Bitcoin like you can wear gold.

However, Bitcoin is far more useful as a fungible asset than gold.

I don’t want gold bars being shipped to my house. I don’t want to have to worry about someone stealing my gold bars.

I don’t fully trust these gold funds either.

Bitcoin is attractive to me because I can purchase it on my phone and I can access it readily. If I want to dispense of it I can do that also, and I can do that very easily. That makes Bitcoin extremely useful and therefore valuable to me. Actually, it makes it more attractive and more useful than gold.

These are the reasons why I am investing in Bitcoin.

To tell you the truth, after this recent drawdown, I took the rest of my crypto currencies and converted them into Bitcoin.

I got rid of everything else. I got rid of Ethereum, Cardono, Polkadot, OMG, Ankr, Dogecoin, Shiba.

I am all in on Bitcoin.

Now, with that stated let me make one more point. Gold was not chosen as a standard for money in years past because it was flashy, useful, or had a return on the dollar.

It was chosen because it was rare. It couldn’t be suddenly inflated. And it was unlikely to be thrown in trash.

Bitcoin shares those qualities. If administered in an uncorrupted manner Bitcoin can work for everyone.

Sincerely,

Archer Crosley

Copyright 2022 Archer Crosley All Rights Reserved

OMG! Others Can See My Bitcoin Transactions! SFW!

OMG, Bitcoin doesn’t have privacy!

Quick, ring the fire bell!

Lack of privacy is the latest broadside attack against Bitcoin.

Moment of Awareness Statement: I think the government and the criminal elite do understand why regular people desire Bitcoin.

I think the rich who have hijacked our government do understand why regular people desire Bitcoin.

They know full well the threat that Bitcoin poses to them.

Everyone needs a protection against inflation and government mismanagement, even the honest rich.

The latest and most recurring attack on Bitcoin is that it’s not really private.

Because it’s not private, the wealthy elite argue, the government can now immediately know what you’re spending your money on.

No shit, Sherlock.

And, umm, yes, I did eat at Bobby’s Barbecue last week.

SFW!

I don’t give a flying fuck if you know that I ate there because a) I’m not a criminal, and b) I haven’t done anything wrong. But, even if I had done something wrong, I understand that my true salvation lies within the truth, not in “getting away with it.”

Perhaps the rich care about hiding their financial chicanery, but most regular people do not.

Regular people don’t care about hiding their finances; they don’t care because they’re not doing anything illegal.

They aren’t sequestering stolen loot in Panama.

In addition to that most transactions have been recorded for decades now as people have increasingly used credit cards to buy everything at their local Targets and Walmarts.

If the government really wants to know if there was a local “commie” meeting at Bobby’s Barbecue, they already have the ability to cooperate with their puppets at the credit card companies to gather information to prove that ten “commies” were eating there at the same time.

You go, girl!

Early adopters of Bitcoin couldn’t care less if the government knows that they bought a can of shaving cream last Sunday.

Bitcoin adopters are willing to trade financial anonymity for security in the money supply.

That’s why Bitcoin is becoming popular.

Bitcoin is being adopted because regular people are tired of governments inflating the currency artificially while awarding the bulk of it to wealthy families who build bombs, incendiary devices and lots of other stuff that’s used to kill people.

Bitcoin didn’t accelerate in value because the government decreased the amount of Bitcoin which is the opposite of what happens in regular currency.

Bitcoin accelerated in value because people recognized the benefits of Bitcoin. What occurred was increased demand in the face of a controlled supply of Bitcoin.

Bitcoin is a political statement as well as an economic statement.

People are saying to the government: You don’t have any right to manufacture money and give it selectively to people who have paid you off. You don’t have the right to steal our money.

The criminal rich, who love anonymity, and who prefer to steal money from regular people through their government cronies and government puppets, continue to not listen to the desires of the people.

Ultimately, as the centuries go by the regular people will win.

It is a moral good that people be able to protect them selves from thievery.

The rich who have acquired their money legitimately should recognize this as well.

The current system of privately owned anonymous cash isn’t working.

There exists too much counterfeiting of money both illegally and legally.

Too much effort is expended on catching the illegal counterfeiters, and no effort is spent on catching the legal counterfeiters in the government.

Bitcoin adopters are stating that this must stop.

The wealthy elite who are making their money legitimately and not through government chicanery should welcome Bitcoin as well.

Yes, we will have to give up a bit of privacy, but we are doing that already.

Honest people should have no fear of Bitcoin.

OMG! Others Can See My Bitcoin Transactions!

So Fucking What!

Sincerely,

Archer Crosley

Copyright 2022 Archer Crosley All Rights Reserved

Charlie’s Looking Out For Us

Here’s another laugher.

Guy Spier, one of Warren Buffet and Charlie Munger’s puppets and mouthpieces, has rushed to the defense of Charlie Munger.

Here it is, right here.

He says that Charlie Munger did small investors a favor by calling Bitcoin “rat poison” back in 2013.

He was looking out for us, you see.

Charlie Munger was actually looking out for us.

Yes, it’s true.

Charlie Munger was scaring us away from cryptocurrency because he didn’t want us to lose our money on a speculative investment.

Is that a joke?

Of course he didn’t want us to lose our money on cryptocurrency. If we lost our money on cryptocurrency, how would we ever lose our money to him in the casino that he and Buffet are running?

Thanks but no thanks, Charlie.

Thanks but no thanks, Guy.

Then amazingly, Spier goes on to say that Charlie Munger probably doesn’t give the same advice to his wealthy friends as he does to the rest of us suckers.

Is this guy brazen, or what?

Well, of course he’s brazen. Guy Spier is one of the anointed elites.

One only has to look at his résumé to see this. He attended both Oxford and Harvard.

That makes him privileged, stupid, and entitled.

Only someone who attended Harvard and Oxford could get away with saying something so stupid.

The rationale behind such a statement was that cryptocurrency was a speculative investment, unlike stocks, and that investing in cryptocurrency was like betting in a large poker room.

Some of the tables in the poker room, according to Guy Spier, are speculative scams in which we are likely to lose our money.

The average investor, according to Guy Spier, isn’t smart enough to pick the right table.

Savvy investors, however, most likely Charlie Munger‘s friends, are able to pick out the better tables and are therefore more likely to win.

Do you mean like the stock market, Guy Spier, a contrived, phony casino if ever there was one, a rigged joint where whales like William Ackman can short a stock and then get on television and trash companies like Herbal Life into submission so that they can make a fortune.

Do you mean like the stock market, Guy Spier, a good old boy game, where, in the midst of an IPO, wealthy elites at the major investment banks dole out hundreds of thousands of shares of stock to their friends for nothing?

Do you mean like the stock market, Guy Spier, a Texas Hold’em table if ever there was one, where large investors can afford to pay Harvard trained quants to write sophisticated high-frequency trading programs that run over high-speed networks in order to see everybody’s pocket cards before fleecing them out of their money?

Are you talking about that legitimate poker table?

I’ll tell you what, Guy Spier, why don’t you and your scam-meister, Munger, let us figure out what’s legitimate or not.

Or maybe we already have.

Maybe that’s why people are investing in cryptocurrency, fuck face. Maybe they already have figured out Munger’s game.

Maybe that’s what you don’t like.

Sincerely,

Archer Crosley

Copyright 2022 Archer Crosley All Rights Reserved

A Wolf in Sheep’s Clothing

Hey, Bitcoiners, do you trust Michael Saylor of Microstrategy?

Michael Saylor is the founder and head of Microstrategy. He is also a big proponent of Bitcoin.

Now, he came to the game a bit late, but he is still a big player in Bitcoin.

So do you trust him?

I don’t.

I don’t trust him at all.

He’s a mole.

I did at first, but I didn’t know who he was.

Then I found out that he went to MIT.

MIT is one of the Empire’s top schools.

Michael Saylor is a billionaire who made it big on Microstrategy

I can tell you right now, that he wouldn’t have gone anywhere near the heights that he did unless he’d had the Empire’s backing.

His story is one of rags to riches.

He made it big because the big boys invested in his firm.

He owes his bones to the Empire.

Here’s rule number for those of you caring to join.

Never betray the Empire.

Never.

The Empire can make you and break you anytime they want, and betrayal is the only crime we never forgive.

We say we forgive; we lie. We are not noble.

Michael Saylor doesn’t look like a fool to me.

Nor does he look like a stupid guy.

This guy is betting the ranch on Bitcoin.

If he’s betting the ranch on Bitcoin, he has the blessing of the Empire.

If he has the blessing of the Empire, nothing is going to happen to him financially if Bitcoin crashes.

Somehow, someway he will be able to escape with selling his Bitcoin early should the price crash to zero.

He’s not going to get hurt. The Empire won’t allow him to get hurt -not in the real sense of getting hurt.

If he makes money on Bitcoin, it will be because the Empire plays the same game with Bitcoin that they play with the stock market – take it up, take it down, take it up, take it down.

In such a scenario, the regular guy loses out.

One way or the other, Michael Saylor isn’t going to lose.

So what’s his game?

How should I know? I am not him. I am not the Empire.

Whatever it is, it’s not good for us.

What Michael Saylor is doing is bringing the big boys into Bitcoin. That’s not what we want.

What we want is for Bitcoin to grow organically from the bottom up until one day it surprises the Empire and crushes it.

Michael Saylor is one of King Louis’s advisers waking him up and letting him know that the French citizenry is unhappy and is planning a revolt.

That’s not what we want.

Michael Saylor has allowed the big boys to come in and exploit Bitcoin and play their stupid little stock market game with it.

That’s bad for us.

King Louis has awoken.

Sincerely,

Archer Crosley

Copyright 2022 Archer Crosley All Rights Reserved

Unsound Advice

Honestly, where do these leaders of cryptocurrency get their education?

Jesse Powell of Kraken, he’s the CEO, says that the dollar is going to zero.

Therefore he urges us to stock up on milk and gasoline.

He also tells us to go out and borrow money, presumably because money will be worthless in the coming months.

He wants us to pre-pay our tuition and healthcare costs.

Does this guy live on the planet?

Surely he must be exaggerating.

Or maybe he got his degree in bullshit.

How much milk and gasoline can we stock up on?

And how long would the milk last?

Where would we store the gasoline? In our bathtub?

As far as healthcare and tuition costs are concerned what bank is going to loan the working stiff hundreds of thousands for those items?

Does this guy have any idea what kind of budget people live on?

At the same time that he is telling us that the dollar is going to zero, he tells us that Bitcoin will crash.

I need to be educated. There’s clearly something I don’t understand here.

If the dollar crashes, presumably it’s because people believe that the dollar is more worthless.

So why would Bitcoin, which is used by many people as a store of value, go down?

Since people are using Bitcoin as they would gold, the price of Bitcoin should go up.

If people think the dollar is worthless, they’re going to try to get rid of it in one way or the other.

They will either commoditize to the degree that they can, or they will put their dollars in an inflation hedge or a stock that they think will go up.

Am I missing something? Shouldn’t the value of Bitcoin go up?

It should.

But let’s never underestimate the elites.

We shouldn’t underestimate their evil nature, nor should we underestimate just how truly stupid they are.

Now, if the elites were smart they would put a nice portion of their money in Bitcoin.

Maybe they are on the sly.

If the United States government were smart it would store some of its money in Bitcoin.

This makes sense.

Instead of fighting Bitcoin, the US government should embrace it and ask each citizen to store some of their value in Bitcoin.

Why not?

Why wouldn’t the US government, if it truly represented us, want a hedge against inflation?

Gold is no longer as good an option.

Gold is clumsy, and quite frankly, a little scary.

Do you really want to keep $100,000 in gold bars around your house?

I don’t.

Well, then don’t.

Here comes Bitcoin with many advantages over gold. 1) It is much easier to store. 2) You don’t have to worry about someone breaking into your house and killing you in order to get it. 3) It is easy to buy and sell.

In truth Bitcoin has always been with us. We just never invested the energy to fully follow through with it.

Bitcoin at one time was called the banking system where the local banks acted as middlemen to handle accounts and transactions.

The only thing that was missing was the blockchain, which could have been handled by scribes. We just chose not to write everything down.

Instead we floated dollar bills in which the bearer was theoretically the legitimate owner.

That system, the one we currently use now, could’ve worked had it not been for counterfeiters big and small.

The biggest counterfeiters were the government and its crony capitalists in the large corporations. They printed up money and gave it to themselves.

Thus Bitcoin.

What Bitcoin does is add accountability into the system that we already have. Now, we can know where people are getting their Bitcoin. Now we know when someone is fabricating Bitcoins.

This is why Warren Buffett and Charles Munger oppose Bitcoin.

These two knuckleheads, Tweedledee and Tweedledum want you to fear Bitcoin. They believe that Bitcoin will be the end of the universe.

We’ll, maybe it will end their crooked enterprises.

Bitcoin does not cause economic catastrophe; Bitcoin prevents economic catastrophe.

As to why Jesse Powell is stating that Bitcoin will crash is anybody’s guess. He attended a regular school, so he may be just another goofball who wants to sit with the cool kids in the cafeteria.

Walk away, Jesse.

You are a second class citizen in their world. And you always will be.

Sincerely,

Archer Crosley

Copyright 2021 Archer Crosley All Rights Reserved

The Harlequin in the Corner

The latest laugher on Bitcoin comes from the Bank of England. I’m going to print to excerpts first, then comment.

“The market capitalisation of crypto assets has grown tenfold since early 2020 to about $2.6tn, representing about 1% of global financial assets. About 0.1% of UK households’ wealth is in Bitcoin and similar crypto assets, such as Ethereum and Binance coin. As many as 2.3 million people hold crypto assets, at an average amount of about £300 each.”

And …

“The Bank of England has said that Bitcoin could be “worthless” and people investing in the digital currency should be prepared to lose everything.”

In a related article …

“A senior Bank of England policymaker has warned that digital currencies such as Bitcoin could trigger a financial meltdown unless governments step forward with tough regulations.

Likening the growth of cryptocurrencies to the spiralling value of US sub-prime mortgages before the 2008 financial crash, the deputy governor Sir Jon Cunliffe said there was danger financial markets could be rocked in a few years by an event of similar magnitude.”

Let me see if I can get this straight. I’m a pretty stupid guy, so I might struggle.

You’re telling me that a currency, like Bitcoin, that represents only 1% of total global financial assets and only .1% of UK household wealth is going to upend the system? Then you have the guts to equate it to the subprime crisis that you, the powers that be, created?

How does that happen? If Bitcoin is so inherently worthless, how come so many people cannot see that? And how does a currency that represents only .1% of the UK’s wealth upend the system?

0.1%?

That doesn’t sound like a gold rush to me.

It doesn’t sound to me like people are trying to get something for nothing.

Bitcoin has hardly been an explosively profitable investment, not when you consider the amount of time that people hold on to these cryptocurrencies.

The value of Bitcoin is roughly at the same level if not lower than when I purchased it over a year ago.

That is principally because the friends of the Bank of England, people like Charles Munger and Warren Buffett, have been chopping Bitcoin’s value down by trashing it; and because quants that the Bank of England befriends have been engaging in high frequency trading through their high speed networks in order to buy and sell Bitcoin quickly.

I’m not buying Bitcoin to get rich quick, although I do hope it goes up in value.

I like many others purchased it because our elites are printing money like crazy. I hope to use this principally as a hedge against inflation. I think many others do as well.

If I can make a little extra, fine, but I don’t expect to make a fortune.

The only thing holding me back from investing more is the uncertainty that the Bank of England and other scaremongers engender.

I suppose it’s worthwhile pointing out again that Bitcoin is nothing more than a ledger that keeps track of everyone’s investment.

Think of it as a giant QuickBooks accounting program.

You invest money into the system, and the ledger keeps track of that investment.

The value of the investment will only go up and down depending upon how many people desire to use this giant ledger.

Theoretically, as more people use the ledger and decide to believe that it is a good thing, the more valuable Bitcoin will be.

If no one believes in the ledger, and if they decide to believe that it is a bad thing, the less valuable Bitcoin will be.

Bitcoin’s value depends solely on whether people choose to believe that it is a good thing.

In that respect, Bitcoin is no different than gold.

The price of gold is dependent upon how valuable people choose to believe that it is.

If one day, people choose not to use gold as jewelry, the price of gold will drop.

Gold has very few uses other than jewelry. Silver is the far more useful metal in industry.

The value of these elements rise and fall depending upon how much utility they have for people.

Bitcoin is a little different in that it is not used in chemical reactions, nor is it used to wear around one’s neck, wrist, or fingers.

Bitcoin’s principal reason for being at this point time is as a store of value. We haven’t reached the stage where people are commonly using Bitcoin as a currency to purchase things.

It is not even necessary for people to use Bitcoin in that manner.

That Bitcoin has no ornamental value, or industrial value, does not make it weaker, but stronger.

Bitcoin is no different than a promissory note from a legitimate bank that agrees to pay you money based upon your deposits.

So why is the Bank of England terrified?

On the surface, there is no reason for the Bank of England to be terrified. They should be investing in Bitcoin as well.

Well, maybe they are, and they’re just not saying anything about it.

As a student of the powers that be, I have an idea why the Bank of England is terrified and why they are scaring you the regular person away from it.

Throughout history, the Bank of England couldn’t have cared less about regular people.

The saying goes that the sun never set on the British empire. This is true, it is also true that the sun never rose on the slums of London.

You can thank the Bank of England for that.

The Bank of England works for the powerful elite in the United Kingdom.

They work with the crooks ( the Harvard cabal) in the United States to impoverish people.

If it’s one thing the elites cannot stand, it’s when you the regular person are not being impoverished into a state of serfdom by them.

They don’t want you to get financially stronger; they want you to become weaker.

Yachts, boats, beach houses, Gucci clothes, fine jewelry, great vacations, fast cars, Broadway plays: those are for them, not you.

That regular people could go to Broadway plays and enjoy vacation spots just like the elites tore their guts up.

What they have been engaging in with their nonstop wars over the past 50 to 75 years is to inflate the currency and give themselves a disproportionate share.

In this manner their share of the world’s wealth goes up. Your share goes down.

Bitcoin is a threat to that.

Thus the Bank of England’s response.

Fuck you, Bank of England.

Fuck your filthy monarchy, and your filthy peerage.

Do the world of favor: take your Kings and Queens, your peerage, your Oxford and Harvard henchmen, and go away.

Put on a harlequin outfit and dance like a fool in the corner of the room.

You’re pretty good at telling jokes anyway.

Sincerely,

Archer Crosley

Copyright 2021 Archer Crosley All Rights Reserved

Reforming Bitcoin

What Bitcoin desperately needs is a methodology to curb the speculation.

In fact, all the cryptocurrencies need a methodology to curb the current speculation.

Concomitant with that must exist the realization and actualization that Bitcoin and the other cryptocurrencies should be used as a store of value not as a medium of exchange.

I suppose it’s okay if some cryptocurrencies decide that they want to be used solely as an exchange mechanism, but for Bitcoin to survive our Machiavellian elites, mechanisms must be put in place to ensure that Bitcoin be used as a store of value.

My recommendation is that the Bitcoin community enforce a rule that Bitcoin may only be purchased or sold by an individual once per day. And there may be no proxy sales by institutions.

So, I, Archer Crosley, may buy Bitcoin once per day, sell Bitcoin once per day, buy and sell Bitcoin once per day, or do neither.

But I may not do that in any greater frequency than that.

Such a methodology or similar methodology will stop the speculators in their tracks.

It will certainly stop the high frequency traders, sharks and killer whales.

It will definitely stop Wall Street and the elites from hampering the effectiveness of Bitcoin.

The elites of course have no desire for Bitcoin to work in our lifetime.

Bitcoin is a threat to fiat currency, their money printing scam.

Plus, if it’s one thing the elites cannot stand it is when you the regular person are not becoming impoverished by them.

You really ticked them off when they fell asleep at the wheel and allowed you to make money hand over fist on Bitcoin this past year.

They had to correct that.

They don’t want you becoming wealthier. Wealthier people become competition to them. Wealthier people might be able to buy back the politicians that they bought off years ago.

What they want are more serfs.

Thus Bitcoin must be destroyed.

They are attempting to accomplish this in three ways. First, by creating what are known as shit coins in order to dilute the power of Bitcoin. Second, by speculating in Bitcoin with high frequency and high volume trading. Third, by sowing the seeds of doubt about Bitcoin and other cryptocurrencies through the main stream media that they control.

In order to combat this, the Bitcoin community must prevent the elites from engaging in high frequency trading. Plus they must yank the rug out from under them in their ability to produce mass panic.

By restricting the opportunities to buy and sell Bitcoin, we can prevent the elites from ruining what is a good idea.

I can assure you the elites will move heaven and earth to destroy Bitcoin as a store of value.

You must come to understand that our elites are not like us, do not think like us, and have no sense of morality or honor.

I know, you don’t like cynicism like that. You prefer to believe that our leaders are good people.

They are not.

The cynicism that I have for our leaders is well deserved.

Jesus is not going to strike you down and kill you if you have cynical thoughts about our leaders.

Jesus was not a stupid guy.

Did Jesus have cynical thoughts about the Sanhedrin?

Yes he did.

Did Martin Luther have cynical thoughts about the Catholic leadership of the day who were selling indulgences and engaging in immoral behavior?

Yes he did.

Our leaders are evil, meaning that they put their own financial interests above our welfare.

To combat that, we must put controls on an idea whose time has come.

To do so, of course, will mean that we will be restricting potential gains for ourselves. If we make Bitcoin less of a speculative investment, then it means that we must forgo becoming the next John D Rockefeller.

We will have to kiss that 500 billion away.

Ditto to the 75,000 acre ranch in Montana.

Double ditto to the 250 million dollar yacht complete with personal helicopter, basketball court and IMAX theater (Daniel Snyder’s yacht has a basketball court and an IMAX theater).

Likewise to the NFL team.

And the private jet.

And the 80,000 square-foot mansion.

Many people may not be able to handle this, but it must be done.

This doesn’t mean that Bitcoin becomes a dead instrument.

It doesn’t mean that we can’t make a little money off Bitcoin.

There’s plenty of money to be made by investing in Bitcoin.

But, the money that we make by investing in Bitcoin after controls are implemented will be honest money.

The money will come to us because we were the early ones who invested in this wonderful idea.

There’s nothing wrong with that.

But that will never happen unless controls are put into place.

There is precedence for this.

It’s called Christianity.

Christianity tempers one’s greed.

It was Christianity that defeated the Roman Empire.

Christianity accomplished what no standing army could do.

The Romans weren’t worried about foreign armies; they were worried about the Christians.

They had a reason to worry.

Christians were renouncing the foundational building block of the Empire: greed.

Christianity freaked the Romans out. They didn’t know what to make of them.

“Who are these people,” the Roman elites asked themselves. “Who doesn’t want to get rich?”

Sincerely,

Archer Crosley

Copyright 2021 Archer Crosley All Rights Reserved

Why Bitcoin Crashed

Do you understand why Bitcoin has crashed and why it is where it is?

Do you understand why Bitcoin may go down a bit further?

It’s important that you do, because having this information will enable you to fully understand our elites and what kind of people they are.

Pollyannas go no further.

It is of course the elites who have crashed Bitcoin and kept it where it is – foundering haplessly like a clueless dolt in a swimming pool.

If it’s one thing the elites cannot stand, cannot tolerate, it is when regular people, plebes, make a bundle of money when they do not.

It keeps them up at night.

It’s like a hot knife in their guts.

They don’t like missing the boat, and they don’t like the fact that you’re on it and they’re not.

That’s not the way life is supposed to work.

They are supposed to be the winners.

You see, our elites have been trained and indoctrinated, just like you, to believe that they are the best and the brightest, the smartest guys in the room.

So when upstarts like you, common swill, make money and a lot of it, it upends the false value system that they believe in.

They can’t have that.

Their brains physically cannot tolerate that pain.

So to alleviate that pain, they have crashed Bitcoin so that they can buy it cheaper in order to jack it up.

They did this through their various allies in the media and the business world.

From out of the woodwork, their puppets and officers came forward to denounce Bitcoin. All the members of the orchestra were there. You know their names and where they went to school.

All they had to do was create a lack of confidence in Bitcoin.

They presented Bitcoin as a threat to the environment. Really? How about the threat that Fortune magazine presents to the environment? What’s the carbon cost in chopping down all those trees and making all that ink? The same can be said for all the other rags the Empire puts out. Should we shut down the Wall Street Journal, the New York Times, and The Economist?

The lack of confidence that the elites created was false and bogus; but no matter, they did it.

If they have to, the elites will kill you.

You the plebes cannot be seen as smarter than they.

For them it is a fate worse than death.

That is why Bitcoin has crashed.

Is important for you to know this to understand the ruthlessness and the commitment of our elites.

They are totally immoral people.

They are not like you.

They couldn’t care less about the beautiful philosophy behind Bitcoin.

What they care about is money, profits, and power.

In spite of this, they can be beaten.

They have flaws, and me talking about them will not alter that reality.

They are who they are, and we are who we are.

While the elites have incredible biological smarts, but no more on average than you the plebes, they are morally dumb.

They are also incredibly lazy and careless.

That’s why they create so many calamities in the world.

They’re just like Tom and Daisy Buchanan, leaving chaos in their wake.

If we look at the following mathematical formula, this makes sense.

Effectiveness = Smarts x Moral Quotient x Diligence x Technology

What saves us is the moral stupidity of our elites.

Plus their laziness.

Of course that laziness will temporarily correct itself when plebes move across the finish line in first place.

We saw this in the Brexit referendum in the UK just a few years ago. We are seeing that in Bitcoin today.

It’s the story of the tortoise and the hare, except in this story, the hare gets to wake up and move the finish line so that he can win the game.

That is what we see in Bitcoin today. The elites have woken up and moved the finish line so that they can win.

King Louis has spotted a potential rival and chosen to confiscate his estate.

Just like that.

They can do it, they will do it.

Indeed, they have done it.

Welcome to reality, Pollyanna.

All that talk about building a better mousetrap, the cream rising to the top, you too can be President – all of that is a myth, a vapor and a dream.

Sincerely,

Archer Crosley

Copyright 2021 Archer Crosley All Rights Reserved