Secret Squirrel Solves The Problems With The Devalueing Canadian Dollar...Create A New Dollar, The BitBuck

    Squirrel's attention has suddenly been drawn to a statement,a serious one, by the Bank Of Canada,as it were, that the Canadian dollar which presently is on par,as in equal to, with the US dollar is to be devalued to 88cents versus the US dollar.For some reasons the Canadian Government, and Bank Of Canada is all ecstatic about it, stating great advantages, but then when they upward valued the Canadian dollar from a previous devaluation,to parity with the US dollar,the Canadian
Government and The Bank of Canada were all ecstatic about it stating great advantages.Of course, the Canadians,having the Canadian Government, are in very serious trouble, and it is up to Squirrel to help them as much as he can out of their present currency value dilemma.

Now devaluation is a reduction in the value of a currency with respect to other monetary units. In common modern usage, it specifically implies an official lowering of the value of a country's currency within a fixed exchange rate system, by which the monetary authority formally sets a new fixed rate with respect to a foreign reference currency. For some weakening currencies, devaluation is a process without end that leads to completely worthless currencies.When a country experiences hyperinflation, the central bank prints money in larger denominations as the smaller denomination notes become worthless.
Of course this is not the first time that the Canadian dollar has been devalued, indeed one recall the 60's in the colony of Canada whereas the Canadian Prime Minister of the day, one specific John Deifenbaker,a Conservative devalued the Canadian dollar to 92 cents US whence it became known as the DiefenDollar, or DiefenBuck.He was a conservative and he lost the next election which is a safe bet will happen to the present incumbent Canadian Prime Minister,one Stephen Harper, also a Conservative,who will unquestionably go the same way for his nostalgia trip to bring back and celebrate the DiefenDollar/DiefenBuck.Well now,Squirrel has pondered the Canadian economy,if it can be termed that, and it's problems centered on and/or being related to, the Canadian currency, the Canadian dollar, and has discovered that,actually, in the world of today, in the financial and economic world of today, there may be a solution for the Canadian dollar problem.You see the Canadian government thinks highly of it's lowly dollar,and is seemingly stuck with and on it,in short it thinks is is
valuable and has value,and merit, and substance,but does it really.No, and that's the problem, they can't seem to realize nor be made to see that.
  
  The financial world of today has actually created working currencies,monies,money or financial species and whatever out of and based on, absolutely nothing at all.And it has,indeed,worked, and is working.In Canada, the company,Canadian Tire, a hardware store, created it's own money, printed it up, and gave it to it's customers in a certain percentage,based on purchased items.It accepts this currency back for purchase against further store items, hence giving it an actual working value, based on,specificaly,it's value printed on said paper! Indeed it can even work in other stores, whom so ever might be
willing to accept it,including local Canadian hookers who in the day and age of the Canadian economic depression era will accept anything they're afterwards offered.In short they printed up their own money and it works.
And so too for Canada did it work, in and after the same fashion, but nations of the world today have grown tired of the Canadians and their currency,and so the Canadian dollar is having problems being accepted as a viable working currency in the world of today. There were other currencies in effect,in play as it were, in the financial world of the internet. A certain group tried for a time, and created and sold, an internet currency, based on purchases to be used on certain sites of the internet that accepted it for purchase and exchange of goods and services.However after awhile it collapsed it seems, there having been a suitable number of it's value purchased in excess of demand via sites and so,well it,sort of collapsed as those selling it for working currencies, took the money and ran as it were,the useful money, leaving the purchasers of said internet currency holding their useless currency as a value on paper which had no value. And there lies the problems of the Canadian government and it's currency, a value of currency, and the numbers of people willing to accept it at a certain specific value if at all.
Let us now look at yet other forms of present day currency,accepted quite readily on the internet and other places round and about the world....here quoted directly and excerpted from, and found at..........

http://www.theguardian.com/technology/2013/nov/28/bitcoin-alternatives-future-currency-investments

And we here commence to directly quote.......

"A bitcoin Bitcoin is just one of over 60 different alternative digital peer-to-peer cryptographic currencies.
Bitcoin’s recent meteoric rise in value to over $1,000 has shone the spotlight on alternative currencies, but bitcoin is not the only new digital currency vying for relevancy in 2013.

Like bitcoins most of these currencies are mined by computers solving hard mathematical problems. The "coins" do not exist physically, of course, as the currencies are virtual existing only as computer files.
As they are based on peer-to-peer protocols, no one computer controls the currencies, but networks keep track of all transactions made using these digital currencies, but they do not know what the coins were actually used for – just the ID of the computer "wallet" they move from and to.

Here are nine alternatives to think about before putting your time, effort and money into bitcoin.
Litecoin

Like bitcoin, litecoin is another crytography-based digital currency, which has also seen a dramatic rise in value in recent months. Litecoin, a peer-to-peer opensource digital currency, could be described as an offshoot of bitcoin. In fact, it is based on the bitcoin protocol, but instead of requiring extraordinary computing power to mine effectively, can be mined efficiently using standard computers due to its algorithm originally designed by Dr Colin Percival for the Tarsnap secure online backup
service for Linux and other opensource operating systems.
Namecoin

Also based on bitcoin, namecoin is another opensource offshoot. A cryptocurrency, namecoin also acts as a decentralised DNS –
the protocol on the internet that turns human-comprehensible website names such as theguardian.com into addresses understandable by machines. By acting as its own DNS, the currency operates outside the regular internet and therefore outside the governance of the Internet Corporation for Assigned Names and Numbers (Icann).The currency values and domain names are stored within the blockchain record, which limits the total number of namecoins to 21m, with each coin divisible down to eight decimal places.
Peercoin

Another variant of the bitcoin-like peer-to-peer currency principle, peercoin promises increased efficiency of mining, improved security and safeguards to avoid abuse by group mining, which has recently been highlighted as a potential flaw with bitcoin. Peercoin has the fourth-largest market cap among “altcoins” as these alternative digital currencies are known, according to CoinMarketCap.com, which tracks emerging and traded currencies.
Primecoin

A cryptocurrency like bitcoin, primecoin differs at its core because it uses a totally separate mathematical basis for mining. Instead of relying on bitcoin’s “Hashcash” algorithm, primecoin finds long Cunningham chains – a certain sequence of prime numbers named after the mathematician AJC Cunningham – to build value into the currency.
Unlike bitcoin, primecoin’s mining difficulty increases slightly with each new coin created, scaling more evenly than bitcoin’s bigger shift in mining difficulty every 2016 blocks.
Feathercoin

Based upon litecoin, feathercoin adjusts its mining difficulty more often than litecoin and was announced in April 2013. Unlike some other digital currencies, feathercoin updates regularly to incorporate new features and enhancements, including protections from abuse and forking by group mining.
Novacoin

Yet another peer-to-peer digital cryptocurrency, Novacoin differs from most of the other altcoins by integrating protection schemes within the core of the currency, which deters abuse by mining groups.Novacoin also has a technical cap of 2bn coins, a much larger number than most of the other digital currencies which top out in the millions, rather than billions of coins. The cap could also be increased if it was ever reached, giving novacoin a theoretical dynamic inflation.
Infinitecoin

Announced in June 2013, as another litecoin spin-off, infinitecoin differs with more frequent difficulty adjustment rate during mining and the total number of coins that can be created, which is 1142.86 times as many as litecoin.
Megacoin

A bitcoin analogue in its infancy, created within the fourth quarter of 2013, megacoin is limited to 42m total coins and is mined like every other crytocurrency. Each coin worth around $0.50, and its main selling point is its overt branding, something quite a few other digital currencies lack.
Quark coin

Another altcoin in its infancy, launched in 2013, Quark coin takes the security elements of the cryptocurrency very seriously employing nine separate rounds of encryption using six different algorithms.If those nine bitcoin alternatives weren’t enough for you, there are over 60 different altcoin currencies currently being traded at various exchanges like Cryptsy, including AndroidsTokens, AlphaCoin, AmericanCoin, AnonCoin, Argentum, AsicCoin, BBQCoin, BitCar, ByteCoin, BitGem, BottleCaps, CryptoBuck, CryptogenicBullion, CopperLark, Cosmoscoin, CHNCoin, ColossusCoin, CopperBars, CraftCoin, CasinoCoin."

and here the quoted epistle does end.


Now we have discovered the rise of a new currency from out of the nothing, the BitCoin. Let's look at the BitCoin shall we
as there are valuable lessons to be gained from it,not only by the Canadian Government, but yet also other governments of the
world which are having problems with their currencies and their values and willingness of other nations to accept their currencies.You can use it to buy beer in Berlin, order pizza in Amsterdam, hire a taxi in Edinburgh, schedule a dental check-up in Ljubljana, do a degree in Nicosia, purchase Alpaca socks from Massachusetts - or even blast off into space with Virgin Galactic.Can it be argued that it is not a viable and real currency whence it is being stolen,pirated and counterfeited on the internet, much more so than the Canadian dollar which round and about the world, and in Canada simply isn't worth the bother!

Every day, it seems, another service joins the Bitcoin revolution, accepting payment in the so-called virtual currency.As its popularity has soared, so has its price. On Wednesday it breached the $1,000 (£614) mark on Japan's MtGox exchange for the first time. That's nearly five times the price it was at earlier in the month.However all things considered It has no intrinsic value unless you qualify the electricity used to generate it (no that is not a common misconception!) it has no
more actual value than a strippers pasties, and much less than her panties which frequently drop.However the service she provides for a set amount of value $ the so called F*ck, is worth the value of said F*ck but varies as to time of day,clients etc, but still her value could be stated in F*cks, or services rendered......so there is a realistic value there,but BitCoin as such actually has none. And yet it exists,and has value, as it is accepted at a certain and specific value agreed upon at any given time.It could at any day,be replaced by the banana,if somebody decides to accept bananas as currency.But it gets worse. Bitcoin is mostly just a speculative vehicle. Yes, there are PR stunts about bars and other shops accepting bitcoins.

And there is a Bitcoin ATM for some reason. But mostly Bitcoin is a speculative vehicle. And really, you'd be insane to actually conduct a sizable amount of commerce in bitcoins. That's because the price swings so wildly, that the next day, there's a good chance that one of the parties will have gotten royally screwed. Either the purchaser of the good will have ended up totally blowing a huge opportunity (by not holding longer) or the seller will be totally screwed (if Bitcoin instantly plunges). The very volatility that excited people to want to play the Bitcoin game is death when it comes to real transactions in the real world.BitCoin,has no INTRINSIC value.Consider now this idea of "intrinsic value" when it comes to currency bothers people, and Bitcoin Bugs will immediately ask why the U.S. dollar has intrinsic value. There's an answer to that. The U.S. Dollar has intrinsic value because the U.S. government which sets the laws of doing business in the United States says it has intrinsic value. If you want to conduct commerce in the United States you have to pay taxes, and there's only one currency you're allowed to pay taxes in: U.S. dollars. There's no getting around this fact. Furthermore, if you want to use the banking system at all, there's no choice but to use U.S. dollars, because that's the currency of the Fed which is behind the whole thing.

On top of all these laws requiring the U.S. dollar to be used, the United States has a gigantic military that can force people around the world to use dollars (if it came to that) so yes, there's a lot of real-world value behind greenbacks.Bitcoin? Nada. There's nothing keeping it being a thing. If people lose faith in it, it's over. Bitcoin is fiat currency in
the most literal sense of the word.And yet so too is the Canadian dollar, and people ARE loosing faith in it, hence the coming devaluation.
Well how did BtiCoin come in to being?In November 2008, a paper was posted on the internet under the name Satoshi Nakamoto titled Bitcoin: A Peer-to-Peer Electronic Cash System. This paper detailed methods of using a peer-to-peer network to generate what was described as "a
system for electronic transactions without relying on trust".n January 2009, the Bitcoin network came into existence with the release of the first open source Bitcoin client and the issuance of the first bitcoins, with Satoshi Nakamoto mining the first block of bitcoins ever (known as the "genesis block"), which had a reward of 50 bitcoins. The value of the first
bitcoin transactions were negotiated by individuals on the bitcointalk forums with one notable transaction involving a 10,000 BTC pizza.So,it was off and running,a fake currency,created out of nothing.The price of a bitcoin reached previous all-time high of US$230 on 9 April 2013, up from just $13 at the start of the year. The current all time high was set on 17 November 2013 at US$575.21 on the Mt. Gox exchange.As the market valuation of the total stock of Bitcoins approached US$1 billion,
some commentators called Bitcoin prices a bubble.In early April 2013, the price per Bitcoin dropped from $266 to around $50 and then rose to around $100. Over two weeks starting late June 2013 the price dropped steadily to $70. The price began to recover, peaking once again on 1 October at $140. On 2 October, The Silk Road was seized by the FBI. This seizure caused a flash crash to $110. The price quickly rebounded, returning to $200 several weeks later. The latest run went from $200 on 3 November to $900 on 18 November. Bitcoin passed a US$1000 all time high on 28 November at MtGox.
Investigations into the real identity of Satoshi Nakamoto have been attempted by The New Yorker and Fast Company. Fast Company's investigation brought up circumstantial evidence linking an encryption patent application filed by Neal King, Vladimir Oksman and Charles Bry on 15 August 2008, and the bitcoin.org domain name which was registered 72 hours later. The patent application (#20100042841) contained networking and encryption technologies similar to Bitcoin's, and textual analysis revealed that the phrase "...computationally impractical to reverse" appeared in both the patent application and bitcoin's whitepaper.All three inventors explicitly denied being Satoshi Nakamoto. In May 2013, Ted Nelson speculated that Japanese
mathematician Shinichi Mochizuki is Satoshi Nakamoto.Later in 2013 the Israeli researchers, Dorit Ron and Adi Shamir, pointed to Silk Road-linked Ross William Ulbricht as the possible person behind the cover. The two researchers based their suspicion on an analysis of the network of bitcoin transactions. These allegations were contested.So on faith, Canada must initiate a similar plan, or process,since faith in the Canadian government by anybody out in the world is nil and less in Canada,they must create a Satoshi Nakamoto is a pseudonym for the unknown person or people who designed the original Bitcoin protocol in
2008 and launched the network in 2009. Nakamoto was responsible for creating the majority of the official Bitcoin software and was active in making modifications and posting technical information on the BitcoinTalk Forum.Nakamoto's involvement with Bitcoin does not appear to extend past mid-2010. In April 2011, Nakamoto communicated with a Bitcoin contributor saying he had "moved on to other things". A patsy, tho working for the Canadian government,the Italians would call him a pazzo,but the Canadian government would have to find somebody to front the currency and them,somebody like say,Simon Legree,Snidley
Whiplash,(who else would front for them)and create the BitBuck.
 
   However,once nations are dealing in their BitBucks, they could convert the Canadian currency over,buying BitBucks with Canadian currency till there was no more,generating yet more as they needed using stolen,err borrowed,BitCoin generation software, and abandon the Canadian currency thence entirely. However the BitCoin has been referred to as a ponzie scheme, and also should Canadian government involvement be found out within the BitBuck, then in all faith, that lacking in the Canadian government, it would collapse anyway in similar fashion to the Canadian dollar, so why really bother...but then, it has worked for Bitcoin, so too it could work for the BitBuck.


Secret Squirrel,
MRL,MP(Dunny On The Wold),
Minister For Re-Deranged Re-Engineering.