Tag: Bitcoin
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China is helping more
Via Protos, China is rooting out and executing fraudsters and mafia leaders. They’ve closed down several ‘pig-butchering’ factories operating in China and nearby countries, especially Burma. Before Mao the Chinese government was sometimes operated BY the tongs and mafias, but the post-1980 version is hardass. The US government has mostly been operated BY the gamblers,…
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Swindlers vs salesmen
First input, unquestionably true: Social media is THE OPPOSITE OF AN ECHO CHAMBER. Algorithms are designed with GREAT PRECISION to give you what you hate, not what you want. After you’ve seen an item, sometimes you think about it and want to go back and look again. YOU CAN’T GET THERE. The algorithm knows that…
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Supersuckers as fucking usual
Via Protos: = = = = = Crypto exchanges Kraken, Crypto.com, and BitMEX, alongside a raft of DECENTRALIZED crypto industry websites, have been impacted by Tuesday’s widespread Cloudflare outage that caused swathes of the internet to grind to a halt. = = = = = DO YOU EVEN KNOW WHAT YOU’RE SAYING? A money-handling business…
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Good for Delaware!
Via RealClear: The major bitcoin fraudster Coinbase played the usual corporate trick of incorporating in Delaware because Delaware has rigged its laws to favor tax evaders and fraudsters. Amazingly, Delaware has finally lost its patience with the worst criminals. WSJ has an “editorial” written by Coinbase’s head criminal. His words in bold followed by interlinear…
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SubSPAC
SPACs are money-laundering devices for new entries in the stock crime index. The sole purpose of a SPAC is to evade the few remaining regulations on initial offerings of crime shares. When a fake company wants to enter the NASDAQ Murder Index but knows it’s too blatantly bankrupt to get past the weak rules, it…
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Start with quality.
Last week I wrote up a contest between the first coast-to-coast airmail flight and a group of Essex cars. The cars won. Hudson touted the event in a 1922 pamphlet which omits the airmail comparison entirely. By this account the project was originated by the Post Office in an attempt to widen the range of…
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Ponzi is a fake argument
Too many arguments sink into irrelevance when one side insists A is a Ponzi scheme and the other side says it isn’t. Bitcoin and Social Security are both called Ponzi at times. The definition of Ponzi is much more nuanced and fuzzy than we usually think. Intention is important. Two classic examples show the real…
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The Metal-typer
Third of three old coin-op machines. Setting the scene again: The metal-typer is another old coin-op I used a few times. Back around 1960 I used one of these to make a medallion while waiting in the Topeka train station. I kept the medallion for a long time but don’t remember what I engraved on…
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Machiavelli works
While I’m doing poll type stuff, here’s an unsurprising but worthy Gallup poll. Who owns bitcoin and related frauds? Men. More specifically, wealthy “conservative” men from 18 to 50. About 25% in this group own fraud, and 37% of all men. Only 17% of all women own fraud. Partisan advertising works for frauds like politics…
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What good is writing?
If you aren’t writing you aren’t thinking. Variations on this theme, allegedly quoted from the usual suspects, are common in substack and other literary places. It doesn’t make a lick of sense. Humans were thinking in constructive ways LONG before writing was established. They were thinking well enough to selectively breed plants and livestock, to…
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Fish in a barrel
Just having fun with a standard bit of Libertarian and Bitcoiner silliness. = = = = = START QUOTE: How do you know you live in a privacy enthusiast bubble? You look around a commercial airplane and you’re the only one using a privacy screen on your devices. Still so much work to do! =…
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Just the same!
Bitcoin news site Protos warns people to be super-careful when attending the annual Bitcoin Conference. = = = = = START PROTOS: Long also advised to keep your eyes on your drink to avoid the risk of anyone spiking it. Others suggest watching your back “literally” in case there are any “wrench attacks,” a phrase…
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Tally sticks
= = = = = MEDIEVAL METROLOGY PART 2 = = = = = In the first part of Medieval Metrology I showed a medieval ruler for measuring length, as used by the ale tasters. It was notched in fractional parts but not numbered. The ruler bears a close resemblance to the medieval way of…
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Deserves a serious answer
Question in the bitcoin-skeptic section of Reddit, titled ‘A genuine good faith question’. = = = = = START QUOTE: I’m a huge crypto skeptic. But I see that a core principle here is the belief that blockchain as a concept or technology (unrelated to BTC) is useless or a “scam”. My question is, why…
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More harm by court than Wright
Since I’ve been steadily writing about Craig Wright, I feel obligated to continue until it’s settled. Basic task-completion drive. Last week Protos reported on his latest grandiose fraud, remaking agriculture now that he’s remade money and banking. This week Protos notes that he’s blithely disobeying the British court order. He hasn’t paid the plaintiffs anything…
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