Tag: Bitcoin
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Bud solves its problem
Trouble with real humans in the physical world? Move to the metaverse where you can simply delete all uncool customers! This creature is a Grandmaster of NFT/Web3/Metaverse bafflegab. “We won’t know what the consumer wants until we get more data on the blockchain.” Hmm. Seems to me that your REAL ledgers, your REAL spreadsheets of…
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More consequences of QT
Half-baked thought, continuing along the lines of WHERE ARE THE GODDAMN PHILOSOPHERS? Now that the free money of QE/ZIRP has dried up, many pointless projects and pointless IPOs are going away, starting with the huge totally pointless project of bitcoin. Corporations are suddenly realizing that they need customers. Free-money woke idiocy doesn’t work any more,…
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Acolytes
Taibbi is ignorant, or more likely memoryholish, about the real history of Deepstate and censorship. Taibbi’s acolytes carry on the same fine tradition. A ‘guest article’ by Andrew Lowenthal complains about the modern “unprecedented” mixing of Deepstate and progressives: Twitter emails show consistent collaboration between military and intelligence officials and elite “progressives” from NGOs and…
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Why don’t we act on this knowledge?
Listening to some coverage of the congressional noisefest about bitcoin. They’re arguing about details of ‘stablecoins’. All of this regulation is misplaced. Bitcoin is not a form of currency or banking, it’s a form of ENTERTAINMENT. It’s like casinos or fraternities or city social clubs for aristocrats. It’s not nearly as entertaining as movies or…
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Checking the source 3
Several months ago I read most of the bitcoin C++ code. I wasn’t trying to suss out the plot, just reading for dialect and stage directions. Those are thoroughly familiar, so the author must have picked up programming the same way I did, by absorption and experience, not by Computer Science training. Now, motivated by…
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Orphan
Not especially important, just an absolutely perfect instance of the old joke about chutzpah. = = = = = START QUOTE: Fowler pled guilty to numerous counts of bank fraud, wire fraud, and operating an unlicensed money transmitter last April. A previous set of lawyers withdrew from representing him in November due to unpaid bills…
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I shouldn’t even try
Discussions of Sammy’s rise and fall repeatedly hit a point that I can’t grasp. Supposedly Sammy was a hypnotic figure. Supposedly he had a magnetic appeal to everyone he met. I don’t get it. I can sort of see the appeal of Elizabeth Holmes. She’s pretty and lively and radiates a sense of mission and…
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Sucker filter fails!
When an extreme Sucker Filter fails, it’s a sign that the suckers have left the table. Via Protos, four of the Big Names in bitcoin crime tried to start up a new “exchange” specializing in securitized bankruptcy claims from other failed bitcoin crimes. This is like viaticals, securitized pre-bets on life insurance. Blood money. Just…
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Today I learned….
A pro-bitcoin redditor is using an interesting and worthwhile fact to make an invalid argument. The Nevada gaming commission stipulates that a casino must hold in reserves enough cash to cover every chip in play on its floor. Meanwhile the Federal Reserve stipulates that banks must hold in reserves between 0% to 3% worth of…
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Not snark
Yahoo Financial was interviewing an expert on gold and silver. Announcer asked “Gold is the boomer metal. What’s the millenial metal? Is it lithium, or the other rare metals that go into EVs?” My instant snarky answer was BITCOIN! The expert’s NON-SNARKY answer was BITCOIN! We’re fucked. = = = = = More seriously, The…
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And that brings us
Gary Smith is treading outside of economics territory and measuring Life, but he hasn’t quite crossed the boundary yet. He’s showing how log vs linear graphing can aid or obscure your understanding of a topic. It’s a hugely important point, and deeply familiar in acoustics and speech and neurology. His first attempt made a linear…
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Three ancient words yet again
These folks are strongly pro-bitcoin, but even they can’t figure out why anyone would want to “own” a reference to a part interest in a Warhol painting. If we understood those three ancient words, we’d be harder to fool. = = = = = START REHASH: Thinking of NFT in terms of the three ancient…
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Wide open field
Great example of the more or less positive side of AI. One Redditor asked ChatGPT to write a poem about bitcoin. The result is excellent poetry. Full of meaning, solid rhyme and rhythm, reaching a persuasive climax. Reminds me of Longfellow. Humans abandoned poetry 100 years ago. Absolutely nobody is writing poetry now, so the…
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Receiving end is more interesting
Sammy has now been charged with bribing Chinese regulators along with US regulators. The giving end of this bribe is unsurprising. Sammy is a professional criminal. Everything he does is slimy. The receiving end is a bit more interesting in terms of UNNECESSARY ENTITIES. Our writers on “both” “sides” constantly emphasize that China is Communist.…
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Smooth doubleclutch
Looks like the bitcoin game is in the mopup stage. After chipping away all the supporting players, the regulators finally went after Binance, the main engine of bitcoin. Like GM, Binance has been buying up and knocking down its competitors for many years. Time for an upshift in the killcount. The next gear is AI,…
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