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Well he puts it in simple terms, but each transaction being back up by previous transactions seems good but not scaleable. It would get to a point where there would be needed too much computational power or energy to keep up with every transaction.
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He is so cynical – looks like he is thinking in the human improvement – but this is the NOVUS ORDO SECLORUM – total fascist-like control over all mankind. And these claps – so naïve. The future is a great tribulation. And it is soon, really imminent. The only coube be saved are those new born in Christ.