Tag: Bitcoin
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Two Matts
Nice clean comparison between two major Substack writers doing similar exposures. = = = = = Matt Taibbi has pulled together some internal emails from Twitter ex-employees, showing how Twitter favored D over R. This is not SHANNON INFORMATION because anyone can see that Twitter is pure D. This is also meaningless information because it’s […]
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Sharp distinction
Sharp observation from Matt Levine at Bloomberg. It’s hard to feel bad for bitcoin “victims”. Semiquoting: 1. Bitcoin requires a tremendous amount of knowledge and familiarity to make any transactions at all. 2. After you’re thoroughly immersed in the reddits and discords and systems needed to understand just one transaction, you ALSO see constant reports […]
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Launderette
Protos writes up a peculiar story about a tiny bank in a Palouse town that ended up as a node in Bankman-Fried’s crime syndicate. Farmington is a typical leftover small town between Spokane and Pullman. It briefly flourished as a rail terminal, then faded down to the magic number of 150. The Farmington Bank remained […]
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Thankful for?
This year I can finally see one point of gratitude. QT. Jerome Powell at the central bank is RESOLUTELY turning away from infinite counterfeit and infinite debt. He can’t solve the problems that began before 2008, but he is QUICKLY solving all the shit that started in 2008, including social media, tech craziness, bitcoin, and […]
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More wasted energy
Rehashing from a few weeks ago: = = = = = START REHASH: What the world needs now is NOT love, sweet or otherwise. The real tragedy of the bitcoin/NFT/DAO crap is identical to the real tragedy of the hippie crap. Both were motivated by youthful idealism, and both ruthlessly exploited the idealism to gain […]
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Mark of aristocracy
The Buttcoin reddit notices a year-old picture of Bankman-Fried speaking to his political slaves in a congressional meeting. His shoelaces are weirdly tangled up, just barely making it through the holes. He responded to the earlier twitter thread by saying that the shoes “came that way”. Well, okay. Shoes do sometimes come with the laces […]
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Penthouse > basement
Via Reuters: Bankman-Fried’s luxury party pad / office / crackhouse was bought by his parents two years ago. The best way to get rich is to choose rich parents. Overall I’m tired of the mommy’s basement shit. It’s used as an insult against poor people but never hurled against rich fuckheads. Through most of history, […]
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Aqua regia
Tablet mag has an interview with Edward Luttwak, a classic galaxy-brain bully. He’s a HARDASS realist about everything from politics to fighting to smoking. And he firmly believes in bitcoin. Yes, my son has made me a believer in the almighty blockchain. It creates an irrevocable past. A tweet is a blockchain of statements. Before […]
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Stop the goddamn fake surprise.
The latest official line about Bankman-Fried is the old “Nobody expected!” “Missed warning signs!” Raw ratshit. The regulators and political operators knew full well what Sam was doing. Many of them were in constant contact with him, and he certainly wasn’t shy about stating openly and clearly what he was doing. He said “I AM […]
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Somebody finally gets it!
Finally some belated SENSE from the establishment stock-scammers at Financial Times. Actively intervening would convey undeserved legitimacy upon a system that does little to support real economic activity. It also would provide an official seal of approval to a system that currently poses no threat to financial stability and would lead to calls for public […]
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Unanswered question
An observation that deserves explanation. I don’t have a good explanation yet. Bankman-Fried and his cohorts are dramatically different from the usual pro-coin influencers in two ways, and I think the two are related. (1) SBF is influencing the elite. He donates to D candidates and says all the things the elite say, with added […]
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Best parody of the decade
The Buttcoin section of Reddit mocks blockchain with (sometimes) less ad-hominem bigotry and bullying than the big anticoin influencers like David Gerard and Molly White. Buttcoin seems to recognize that you don’t persuade people by kicking them in the balls. Punching your adversary in the face makes him defend his position. Here’s an ingenious and […]
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Weirder and weirder
The Ankler substack, devoted to entertainment industry news, says that author Michael Lewis has been “embedded” with the Bankman-Fried bunch for six months, gathering material for his next book. Lewis is famous for The Big Short about the 2008 “crisis”, and he also wrote a disgusting celebration of the 2020 “virus” genocide, hymning the godlike […]
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BRAVO!
I was wondering if some of the D-brand supporters of Bankman-Fried would start to regret their suckerdom. Yes. Jeff Roberts at Fortune magazine is asking the right questions about the political connivance, but still not perceiving the TOTAL PERFECT COMPREHENSIVE FRAUDULENCE of the ENTIRE blockchain enterprise. Gary Gensler blew it again. After his agency failed […]
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Exception to the delta rule
Following on previous and especially pivoting from the discussion of money as DELTA of value. Whether we’re talking about a clock mainspring or a storage battery or a capacitor or a dam or a grain elevator or a bank account, we are always storing a DELTA produced by work. The work comes in many forms. […]
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