Tag: Bitcoin
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It’s all Sucker Filter
Looking at the post “debate” discussion, I was struck by the total absence of non-suckers. Everyone in the discussion stays inside a carefully constrained set of Shared Lies. This led to an extremely simple conclusion, which I’ve been nibbling around for a long time without quite getting there. Sucker filter explains EVERYTHING in politics. Politics…
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Not that kind of store
Via Protos: Canada is requesting bids to develop a system to “store” bitcoin for local police. The headline and description imply secure storage of the private key numbers after cops seize them. Struck me as odd. Storing a number isn’t a problem. You just have to keep it away from the web where anyone can…
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Held accountable!!!!!!!!!!
Sammy is IN jail! Sammy continued blackmailing witnesses after all the gradually increasing restrictions. After a year of wack-a-mole, JUDGE Kaplan finally got serious. This is uniquely important because Sammy was uniquely aristocratic, uniquely top status in every way, uniquely exempt from all “laws”. He bribed and blackmailed all the Correct Persons and until now…
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Thanks to DailyMail
I’m always bitching that modern media fail to warn about classic swindles. Here’s a good solid exception to the rule. DailyMail tells the stories of several people who fell for the classic romance swindle. It hasn’t changed in a hundred years, and the older shows like Racket Squad told the story in many forms. The…
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Nature’s ledger
Thinking again about the peculiar self-liquidating scrip. A city issued the scrip with a series of boxes or punch locations. Each time the scrip changed hands, a new hole was punched and a small tax was paid to the issuer. When all the holes were punched, the scrip was simply discarded. It had served its…
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Sucker filter, tax edition
I got tired of the Repooflican hatred for IRS a long time ago. The main purpose of ZERO TAX is to build support for monsters like Bezos who never pay taxes anyway. It’s a branch of meritocracy. When you believe taxes are a crime, you’re fantasizing that you belong to the same elite as Bezos.…
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One good thing
The bitcoin world was always and only a trick for Deepstate and big banks to steal money and power from suckers. Still, the bitcoin world has one advantage over the “standard” government and corporate world: Occasional clear language. Here’s a statement from some “network” or “exchange” that decided to shut down because of QT: “Product…
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When everything is political
Via Protos: A spa in Brooklyn is using the heat from bitcoin “mining” rigs to heat the water. Smart industries have ALWAYS found ways to reuse waste products and waste heat. Well-made machines do the same. Car engines use exhaust heat to pressurize the inlet oxygen. Locomotives use a diesel engine to run a generator…
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When a baron begs for regs
Sam Altman and other tech robber barons have been begging for more regulation of their AI product. When a robber baron begs for regulation, he’s instructing the government to LEGITIMIZE AND PREFER his company over others. If he begs expensively enough, his desires will be fulfilled. This was already obvious with Bitcoin Sammy, now it’s…
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Reciprocal realism
Now that QT is nearly done collapsing the Bitcoin bubble, there’s much less material for snark. One thing still holds true: Polistra’s Reciprocal Realism Rule. Realism(bitcoin) = 1 / Realism(world) Writers who see the world in stark clarity fall for bitcoin, or shill for bitcoin. Writers who see bitcoin clearly are lunatics on all other…
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Reprint from 2014
Suggested by the Fleischmann deltas in previous item. STYLES AND STACKS. Continuing yesterday’s discussion of potential differences in electronics and economics. Thinking again of these alternate ways to describe a system. You can start from two TYPES of force or source, two separate poles or centerpoints…. or you can treat local pieces of the system…
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Just like the old
Sam Altman, the evil godfather of OpenAI, has started another evil project which is brazenly dystopian on the surface. No doubt at all about the purpose. Now he’s pretending to be concerned that some “scammers” are hijacking his scam for unlicensed scams. BlockBeats, a Chinese news site, said in tweets posted earlier today that people…
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Bitgosbank?
Via Protos: Texas has passed a law requiring bitcoin “banks” to be proper FULL-RESERVE banks. No fractional reserve. Even better, bitcoin “banks” must follow the old 1936 banking laws, keeping their customer deposit business strictly separate from trading and speculating. Glass-Steagall prevented serious bank failures when it was in place. The current mess began when…
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Speaking of delusional demons…
Sam Altman, the supermonstrous demon who is stealing all jobs and all skills through ChatGPT and Dall-E, is starting up a new world-destroying syndicate. He wants to own all of our eyeball identifying data, and he is paying with Magic Money Dust. So far this crime syndicate isn’t gaining nearly as much traction as the…
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Wonderful concept!
John Herrmann describes most of the tech tyranny as executive fantasies. = = = = = START QUOTE: Changing Facebook’s name to Meta was a bold attempt not just to rebrand a company but to set an industry agenda, and while it ultimately failed, it sort of worked, for a while. One question worth dwelling…
Polistra's Mill 