How The Banks Bought Bitcoin | Lightning Network

This is the finished version of my original video « The truth about the lightning network »

Treat this video as a menu to start at. As i add videos i will link the relevant ones. Upcoming videos on Bitcoins censorship by r/theymos, Blockstreams connections to the banks, How Blockstream took over Bitcoins development, as well as videos on Asicboost, Jihan Wu, Roger Ver and a variety of other topics.

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22 thoughts on “How The Banks Bought Bitcoin | Lightning Network

  1. FukU2222

    It’s now becoming increasingly evident that Bitcoin may be a creation of the NSA and was rolled out as a “normalization” experiment to get the public familiar with digital currency. Once this is established, the world’s fiat currencies will be obliterated in an engineered debt collapse, then replaced with a government approved cryptocurrency with tracking of all transactions and digital wallets by the world’s western governments.
    NSA mathematicians detailed “digital cash” two decades ago
    What evidence supports this notion? First, take a look at this document entitled, “How to make a mint: The cryptography of anonymous electronic cash.” This document, released in 1997, detailed the overall structure and function of Bitcoin cryptocurrency.
    Who authored the document? It was authored by “mathematical cryptographers at the National Security Agency’s Office of Information Security Research and Technology.”
    The NSA, in other words, detailed key elements of Bitcoin long before Bitcoin ever came into existence. Much of the Bitcoin protocol is detailed in this document, including signature authentication techniques, eliminating cryptocoin counterfeits through transaction authentication and several features that support anonymity and untraceability of transactions. The document even outlines the heightened risk of money laundering that’s easily accomplished with cryptocurrencies. It also describes “secure hashing” to be “both one-way and collision-free.”
    Although Bitcoin adds mining and a shared, peer-to-peer blockchain transaction authentication system to this structure, it’s clear that the NSA was researching cryptocurrencies long before everyday users had ever heard of the term. Note, too, that the name of the person credited with founding Bitcoin is Satoshi Nakamoto, who is reputed to have reserved one million Bitcoins for himself. Millions of posts and online threads discuss the possible identity of Satishi Nakamoto, and some posts even claim the NSA has identified Satoshi. However, another likely explanation is that Satoshi Nakamoto is the NSA, which means he is either working for the NSA, he is a sock puppet character created by the NSA for the purpose of this whole grand experiment.
    The NSA also wrote the crypto hash used by Bitcoin to secure all transactions
    On top of the fact that the NSA authored a technical paper on cryptocurrency long before the arrival of Bitcoin, the agency is also the creator of the SHA-256 hash upon which every Bitcoin transaction in the world depends. As The Hacker News explains. “The integrity of Bitcoin depends on a hash function called SHA-256, which was designed by the NSA and published by the National Institute for Standards and Technology (NIST).” THN also adds:
    “If you assume that the NSA did something to SHA-256, which no outside researcher has detected, what you get is the ability, with credible and detectable action, they would be able to forge transactions. The really scary thing is somebody finds a way to find collisions in SHA-256 really fast without brute-forcing it or using lots of hardware and then they take control of the network.” Cryptography researcher Matthew D. Green of Johns Hopkins University said.
    In other words, if the SHA-256 hash, which was created by the NSA, actually has a backdoor method for cracking the encryption, it would mean the NSA could steal everybody’s Bitcoins whenever it wants. That same article, written by Mohit Kumar, mysteriously concludes, “Even today it’s too early to come to conclusions about Bitcoin. Possibly it was designed from day one as a tool to help maintain control of the money supplies of the world.”
    And with that statement, Kumar has indeed stumbled upon the bigger goal in all this: To seize control over the world money supply as the fiat currency system crumbles and is replaced with a one-world digital currency controlled by globalists.

  2. Anthony Leach

    If we want to pay p2p with btc we can yeh ? If we want fast micro payments for low fees using a LN AKA smart contract we can yeh ? How is this not good for the up scale of btc?

  3. E L

    Cryptos some day are going to need regulations, it can’t be the Wild West forever. And to be honest until we can use bitcoin at McDonald’s it’s never going to be practical. I wouldn’t mind having wallet that’s declared to my ownership. Hopefully if we use hubs they will be able to protect the small guy who doesn’t understand the technology. You shouldn’t need to know how money works for you to spend it, it should just work

  4. mrdave2112

    The banks didn't but Bitcoin. One doesn't buy something they created and own already. They are just directing you to their local branches from their regional ones. Got your Bitcoin.

  5. Timothy Boylan

    I stopped watching at 1:10. If you bought $30 of bitcoin and paid $15 in fees YOU ARE AN IDIOT. Also, you paid $15 and had to wait 5 hours? Are you high? It's not Bitcoin's fault, it's your fault. At the peak of unconfirmed transactions when fees where high, I paid a maximum of $1 tx fee. Now I pay a couple of cents.

  6. MrDevilishWolf

    Ever increasing fees, WHAT ARE WE TO DOOOO……… oh wait, its fixed guys 🙂 low fees again in a matter of weeks…… fast transactions again. What were we worried about again?

  7. Xi Lin

    This is interesting, because this is a good path to merge our current system and the new crypto system. Outside the dark tone – this seems like a good way forward for now. It seems to me the BTC may be more valuable because if this.

  8. Hendrik Vanger

    Fuck the banks. Fuck bitcoin. Take your money out of the banks. Buy stuff, REAL WEALTH, that effectively no one can take away from you; buy gold, buy land, buy property. These things will keep their value pretty well, regardless of what the banks do.


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