Added ANOTHER Update about Bitcoin and Blockstream (MUST READ!) if you want to learn more about what is happening to BITCOIN! (down below)
And in today's news (13 June 2021), Bitcoin has announced that 90%+ of the miners have approved for a new layer to be built on top of Bitcoin that will allow SMART CONTRACTS and DAO (distributed autonomous organizations) script. All supported by the same people that split (fork) Bitcoin back in 2017 and introduced the 2nd Layer Lightning Network Protocol (segwit), a bankers channel, Blockstream. Yes, Blockstream, the AXA funded company whose CEO was head of Bilderbergs.
The name of this new layer is Taproot. Created by Blockstream's chief engineer.
Now, Bitcoin become PROGRAMMABLE money that has a built-in conditional script that will be used to determine under what conditions money is released and for whom and when. On top of that, the coins becomes more traceable, despite what they are saying.
Just so you know!
EDIT: So what does this mean?
This means that the so-called untouchable bitcoin, has been converted to a smart contract coin that can now be programmed by big institutions to put restrictions on you at the merchant gate. No jogging today? Higher cost in insurance premiums. Complaining to much about government? No access to your account. Too much hate speech on your post? No access to any social media. No passport ID? No access to anything. Your money is frozen. The applications are endless.
EDIT: ----------------------------------------------------
Bitcoin miners have now approved an upgrade called Taproot. The Taproot that is now being added to Bitcoin is bad news. It introduces smart contracts into Bitcoin. Created by Blockstream, once again! Smart contracts allows anyone to write contracts for transactions. Allowing multiple segregated witnesses transactions into the mix means that Bitcoin can be used for transactions that need multiple signatures for approval like from a government, for example or some other big institutions. Maybe even the UN. Smart-contracts in bitcoin is bad news. This will create a prison planet with a cashless society and UBI. And with this Lightning 2nd layer protocol along with the new Taproot combined, you can have a fast smart contract totalitarianism system implemented. Especially once the entire supply chain is tied to blockchain and everyone is under blockchain ID passport.
The lightning network creates private channels between multiple parties, bypassing the blockchain consensus. Those transactions can be guaranteed by banks. This is not what Bitcoin was intended for. There's more to this, including block size issues etc.
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In case people are not familiar with Blockstream (and Adam Back) are the company responsible for Bitcoin being forked and splitting into both Bitcoin Core and Bitcoin Cash in 2017! They are also the company responsible for having a 2nd layer added on top of Bitcoin called "The Lightning Network" that, in effect, was the end of the original Bitcoin. That 2nd layer allowed banks, corporations, insurance companies, etc. to act as financial middlemen in quicker transactions, bypassing the proof-of-work consensus protocol (that Adam Back co-invented in 2002!).
http://www.hashcash.org/papers/hashcash.pdf
In other words, Bitcoin was hijacked by the institutions and the banks were back in business!
Also, Blockstream, in case people are not aware, was/is funded by AXA Strategic Ventures, a company run by the former head of the Bilderbergs! Also associated with AXA is/was Larry Summer, former U.S. Secretary of the Treasury.
I'll leave this last bit for you to read along with many links below:
"Blockstream finagled their way into control of the main media sites of the time (
bitcoin.org, r\bitcoin, and
btctalk.org), they also got their way into the editors room at Coindesk and took over bitcoin magazine.
After gaining control of most the media they proceeded to use censorship to manipulate newcomers and drive away old users. The goal of the manipulation was to think it was okay to change Bitcoin away from the fundamental features that made it useful.
This is how Blockstream contributed to stealing the name bitcoin. "Bitcoin" from the Bitcoin whitepaper still exists, but it isn't BTC."
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"The CEO of AXA Group is also the chairman of the Bilderberg Group - not merely some random attendee, but the friggin chairman of the Bilderberg Group, since 2012.
The Bilderberg Group includes top bankers from Goldman Sachs, HSBC - plus guys like Timothy Geithner - Henry Kissinger - Richard Perle - and many many more members of the worldwide banking and political elite.
The Bilderberg Group represents the power elites from banking and government who would have the greatest means (and the greatest motivation) to try to destroy Bitcoin.
Is it possible that guys like Blockstream CEO Adam Back /u/adam3us are simply so immersed in programming that they've never even heard of the friggin' Bilderberg Group?
How much money has Blockstream accepted from AXA Strategic Ventures, and what did Blockstream promise in return?
This is absolutely outrageous (but maybe not totally unexpected), that an investment group associated with the Bilderberg Group is now part-owner of Blockstream.
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The truth about who is behind Blockstream and Segwit. As the saying goes follow the money.
http://steemit.com/.../the-truth-about-who-is-behind...
Why Blockstream Destroyed Bitcoin
http://www.reddit.com/.../why_blockstream_destroyed_bitcoin/
Blockstream is funded by the bankers that bitcoin was born to defeat. Proof inside
http://www.reddit.com/.../blockstream_is_funded_by_the.../
Blockstream is now controlled by the Bilderberg Group - seriously! AXA Strategic Ventures, co-lead investor for Blockstream's $55 million financing round, is the investment arm of French insurance giant AXA Group - whose CEO Henri de Castries has been *chairman* of the Bilderberg Group since 2012.
http://www.reddit.com/.../blockstream_is_now_controlled.../
Henri de Castries, AXA Group, Chairman and CEO
http://www.theguardian.com/.../axa-boss-henri-de-castries...
Henri de Castries might just be the most powerful man in the world. He is chief executive and chairman of one of the world’s biggest insurers, AXA Group, and a member of France’s illustrious noble house of Castries. But De Castries is also chairman of the Bilderberg group, a collection of political and business leaders from Europe and North America that meets in private every year to debate “megatrends and major issues facing the world” – or which is secretly running the world if you are a conspiracy theorist.
Blockstream is an Anti Bitcoin opposition group funded by the AXA bank foundation.
http://www.reddit.com/.../blockstream_is_an_anti_bitcoin.../