Bitcoin world beginning to resemble the Syrian Rebels ( in - fighting set to tear apart the bitcoin movement more than the banksters can ? )
Fed just couldn't resist giving bitcoin a kick today.....just like the banksters gave bitcoin a kick s Mt Gox was hitting the wall.....
Fed's Dudley "US Dollar Wins"; Bitcoin "Not a Good Store Of Value"
Submitted by Tyler Durden on 03/07/2014 15:29 -0500
While the volatility of Bitcoin has been considerable, perhaps merely reflective of the early days of a revolution, the fact that the "value experts" at the Fed have pronounced:
- *DUDLEY SAYS BITCOIN 'IS NOT VERY GOOD STORE OF VALUE'
- *DUDLEY SAYS 'U.S. DOLLAR WINS' OVER BITCOIN ACROSS MANY METRICS
..raised an eyebrow or two on our furrowed brows. We thought a look at the following two charts since the inception of Bitcoin and the inception of the Fed would help clarify "value" stability...
Bitcoin since inception...
And the USDollar since the Fed's inception...
Digging under the surface of Satoshi Nakomoto
reveals he did classified work for the US Miltary !
Newsweek writer asks if Satoshi Nakamoto is working on behalf of government
Paul Joseph Watson
March 7, 2014
Satoshi Nakamoto, the alleged Bitcoin founder who was outed yesterday by Newsweek, did classified work for the U.S. military and major corporations, a fact that will sit uncomfortably with many Bitcoin proponents should it be confirmed that Nakamoto is indeed the father of the cryptocurrency.
After Newsweek’s Leah McGrath Goodman tracked Nakamoto down to a humble home in Los Angeles’s San Gabriel foothills, she was apparently able to verify his role as the founder of Bitcoin when Nakamoto remarked, “I am no longer involved in that and I cannot discuss it. It’s been turned over to other people. They are in charge of it now. I no longer have any connection.”
However, after a scrum of journalists later descended on Nakamoto, he immediately backpedaled, telling the Associated Press, “It sounded like I was involved before with Bitcoin and looked like I’m not involved now. That’s not what I meant. I want to clarify that.”
McGrath’s profile of the 64-year-old Japanese-American man portrays him as a highly secretive individual with a murky past.
“My brother is an asshole. What you don’t know about him is that he’s worked on classified stuff. His life was a complete blank for a while. You’re not going to be able to get to him. He’ll deny everything. He’ll never admit to starting Bitcoin,” said Nakamoto’s younger brother, Arthur Nakamoto.
Nakamoto did “classified work for major corporations and the U.S. military,” according to the report, including Hughes Aircraft, now part of Raytheon, as well as classified electronics and communications work for what is now L-3 Communications. Nakamoto also did secretive work for the FAA immediately after the 9/11 attacks.
“Did he act alone or was he working for the government? Bitcoin has been linked to everything from the National Security Agency to the International Monetary Fund,” asks McGrath.
Nakamoto’s close ties with government and military contradict his libertarian political beliefs, which according to his daughter centered around being, “very wary of the government, taxes and people in charge.”
Whatever the truth behind Nakamoto’s history, his background in working on classified projects for the military-industrial complex will only make those who believe Bitcoin is some kind of trojan horse for a global one world currency even more nervous.
March 7, 2014
LA Sheriff's Department: Newsweek Writer Accurately Quoted Nakamoto
A spokesperson for the Los Angeles County Sheriff's Department issued a statement Friday confirming the accuracy of quotes that appeared in Leah McGrath Goodman's Newsweek article allegedly outing the founder of Bitcoin.
The Department said two sheriff's deputies were called to Nakamoto's home in Temple City when Goodman came there to interview him Feb. 20 and they both "agreed" that the quotes in the story were correct.
"I spoke to the two Los Angeles County Sheriff’s deputies who handled the call and who were present for the conversation," Los Angeles County Sheriff’s Department Captain Mike Parker said. "Both sheriff’s deputies agreed that the quotes published in the March 6, 2014, Newsweek magazine Bitcoin article that were attributed to the resident and to one of the deputies were accurate."
After Goodman's story was published Thursday, Nakamoto denied having anything to do with the cryptocurrency and said he was misunderstood by Goodman when he told her, "I am no longer involved in that and I cannot discuss it." Nakamoto said he was referring to his engineering career and not confirming he was involved in the creation of the cryptocurrency. He did not claim he was inaccurately quoted, only that his words were misunderstood. Goodman also quoted one of the deputies as having said, "This is the guy who created Bitcoin? It looks like he's living a pretty humble life."
The Los Angeles County Sheriff's Department also provided details about why the pair of deputies responded to Nakamoto's home when Goodman came to interview him.
Read the other details the Department provided about the incident below:
At 2:09PM, on Thursday, Feb. 20, 2014, Temple Sheriff’s Station of the Los Angeles County Sheriff’s Department received a suspicious person call in Temple City. The caller reported an unknown woman in her 20’s was knocking on the door at his home, and sitting on his porch for the past hour. The caller said he was afraid to open the door.
Two deputies responded and spoke to the male resident caller and the woman. The woman identified herself as Newsweek reporter Leah Goodman and the resident expressed reluctance to talk to her. The deputies were present for the brief conversation between the two, and then the resident went back inside his home and the reporter left.
Earlier today, Arthur Nakamoto, Dorian's brother, indicated to BI that Goodman had misquoted or misunderstood his comments.
And more mystery at MT GOX.........