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Bitcoin Compromised By The Fed and The Bilderberg Group?

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First published at 16:30 UTC on November 25th, 2022.

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In this video, I discuss one of the most poorly constructed conspiracy theories that I've ever seen, wh…

In this video, I discuss one of the most poorly constructed conspiracy theories that I've ever seen, which alleges that the Fed, Mastercard, and the Bilderberg Group somehow "compromised" Bitcoin through their investments in the company Blockstream.

This particular conspiracy theory betrays a kindergarten-level understanding of both Bitcoin and venture capital investing, and is being pushed mainly by BCH propagandists. It contains laughable lies like the assertions that Blockstream controls the Bitcoin transaction fee market and that Blockstream does most of the development work on Bitcoin Core.

What actual history, including the failure of the New York Agreement in 2017, shows us is that it is virtually impossible for Bitcoin miners and crypto companies to collude to try to force through unwanted changes at the Bitcoin protocol level.

Not investment advice! Consult a financial advisor.

Bitcoin compromised by the Fed, Mastercard, and Bilderberg Group?
https://twitter.com/ColinTCrypto/status/1595172338185736194
https://twitter.com/thelukepryor/status/1595188033808396289

AXA Strategic Ventures invests in Blockstream:
https://www.axa.com/en/magazine/axa-strategic-ventures-blockchain

Mastercard invested in Digital Currency Group:
https://techcrunch.com/2015/10/27/barry-silbert-launches-digital-currency-group-with-funding-from-mastercard-others/

Glenn Hutchins at DCG:
https://insights.dcg.co/digital-currency-group-adds-new-investors-board-members-and-advisors-d9390aa76056

New York Agreement:
https://en.bitcoin.it/wiki/New_York_Agreement
https://dcgco.medium.com/bitcoin-scaling-agreement-at-consensus-2017-133521fe9a77

GrayScale abandons Segwit2X:
https://www.prnewswire.com/news-releases/grayscale-investments-llc-announces-abandonment-of-bitcoin-segwit2x-300622765.html

History of the 2017 SegWit2x failed hard fork:
https..

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