Tag: Bitcoin
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Makes sense
Sammy’s trial will begin next week. Bloomberg’s pregame analysis says that a jury will be easy enough to select. Makes sense. The bitcoin fraud seems HUGE to a techie type like me, but it never involved a large part of the population and didn’t gather much mainstream media coverage until last year. Sammy’s fraud was…
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Breaking a taboo
In this clip Vivek is discussing bitcoin with an old friend, not a random interviewer. His casual demeanor is appropriate for the situation. (Normally Vivek is fully suited up.) What Vivek is SAYING is orthodox techie talk, not unusual. What he’s DOING is more interesting. He’s drawing diagrams and using them to illustrate his points.…
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Are they also pissed?
Sammy’s continued antics are irrelevant but entertaining in a schadenfreudisch way. The whole bitcoin crime is only entertainment now that QE/ZIRP is done. JUDGE Kaplan has finally started being a JUDGE, so Sammy is finally getting a taste of what he deserves. His latest spoiled-brat routine is even spoileder than before. = = = =…
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Reprint on Pluponents
Linked in previous item, worth a reprint. = = = = = START 2017 REPRINT: I tried briefly to follow this article on MMT. Gave up quickly. It’s EXTREMELY abstract and academic, full of name-droppings only familiar to members of the same subsubsubsubdiscipline, written by a creature whose academic title is longer than most articles.…
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An eye for an eye,
a decimal point for a decimal point. Via Protos: The founder of collapsed Turkish crypto exchange Thodex, Farouk Fatih Özer, has been sentenced to 11,196 years, 10 months, and 15 days in prison. Perfect. You want to create an autistic fraud and an autistic dystopia? We’ll give you an autistic punishment. A wildly unrealistic HUGE…
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Cold and alien
Bloomberg interviews financial writer Matt Levine. He’s discussing his columns that treat every fad as a type of fraud. Repeatedly and consistently, for every topic from bitcoin to vintage cars, he said “I don’t find this particularly interesting.” The interviewers didn’t seem to notice the consistency. Well then, why are you writing about it? Purely…
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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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