Tag: Bitcoin
-
Speaking of
Speaking of physically impossible goals and physically impossible all-debt “banking”, I connected these nicely in 2019. = = = = = START FUCKING REPRINT: Last month I thoroughly EXPLODED the blasphemous “green” “new” “deal”, ending with the FACT that the real purpose was the “new forms of financing”, in other words MMT. Now the purpose…
-
Templargraph
I was looking for info on an interesting story told by Ripley, and ran into this instead… The Knights Templar used hawala-style full reserve banking to finance Crusades and pilgrimages. A pilgrim could leave his cash at Temple Church in London, and withdraw it in Jerusalem. Instead of carrying money, he would carry a letter…
-
I can see it now…
The Ankler is discussing the bank runs as a future movie….. I can see it now. It’s an Effective Life. Sammy as George Bailey. Caroline as Marian the Librarian. William MacAskill as Oddbody. Powell as the bartender: “This is a HARD BANK. We serve HARD MONEY to HARD MEN. We don’t want no Bitcoin Twinkies…
-
Beautiful! More, please!
Another fuckhead bank goes DOWN IN FLAMES! Silicon Valley Bank branch in Manhattan today called the cops on tech investors trying to pull their cash out as a run on the bank forced regulators to seize its assets. Police were called after ‘about a dozen’ financiers, including former Lyft executive Dor Levi, showed up outside…
-
FDIC to Bitcoin: Drop Dead!
This is breaking news. I included it as an update to last week’s ramble about Silvergate, but this deserves immediate mention and an irresistible headline. Silvergate, the main real bank supporting the fake foundation of bitcoin, was collapsing. Earlier today it tried to imitate Goldman, begging FDIC for a bailout. Now FDIC has told Silvergate…
-
Two definitions
The story of Silvergate Bank is a tale of two definitions. Silvergate started out as one of the very few modern banks… maybe the ONLY modern bank… that followed the CORRECT definition of a savings bank. They failed because they tried to follow the CORRECT definition of a bond in a world where everyone else…
-
Close but no FET
Pointed via UncommonDescent, this article by Tomasz Durakiewicz is on the side of the angels but misidentifies some earlier demons as angels. In a 1675 letter to Robert Hooke, Isaac Newton wrote the famous phrase “If I have seen further it is by standing on the shoulders of Giants.” Newton paraphrased earlier uses of that…
-
Shannon about Buffett
Most published comments about Buffett or by Buffett are tautologous and non-Shannon. No information. OF COURSE you do better when you find the right stuff and stick with it. If you don’t understand this point you’re too dumb to breathe. If it ain’t broke don’t fix it is the hallmark of CIVILIZATION. Innovative Disruption is…
-
Mismeasure
Continuing from the bank comparison in Math is Pope. It would be better to say that bitcoiners blindly trust arithmetic, not math. They don’t understand how numbers are used and misused, in real measurement or in programming. When comparing their Holy Grail with the Horrible Establishment, they blindly use the fake numbers provided by the…
-
Catching onto the magsman
Liron Shapira is puzzled by Balaji, the top galaxybrain bully. Balaji isn’t a mystery, he’s a classic conman type. I’ve mentioned him in two different references. Now that I look at both together, I realize they’re both British and both from the same decade. (1) Definition from the 1874 dictionary of British slang: Magsman, a…
-
Immediately continuing…
Branching from previous item on Sammy’s stupidity vs Mafia’s wisdom. I wrote that the Mafia used non-electric communication systems perfected 800 years before the telegraph. They also had FINANCIAL systems of equal age and perfection. Both systems relied on what we’d now fakely call “quantum entanglement”, or resonance of thought and purpose. When everyone in…
-
Nah, he can’t be that dumb.
Still pointlessly trying to figure out the motives of SBF. He keeps testing the limits, and the judge keeps clamping more limits. Obviously he’s a pro criminal type who simply can’t stop testing limits. Mafiosi from 1930 to 1970 belonged to the same personality but had more TECHNICAL KNOWLEDGE. That’s the puzzle. Mafia bosses didn’t…
-
Ancient words continued
Following on previous item about the ancient details of possession… Yesterday I watched a stupid Youtube sales pitch for NFTs. Even now, after the whole fake entity has publicly collapsed, the scammers are still working hard. Old radio and TV shows about rackets dramatized this aspect. As the cops were hauling the swindler off, he…
-
Goal achieved
Well, it looks like Sammy’s social engineering won the whole prize. Regulators and legislators and JPMorgan and Goldman are all going full speed into “blockchain”. Bribery and blackmail always work nicely. The fake “anticoiners” like David Gerard and Molly White also won. I hope they appreciate their billion-dollar rewards. Classic case of the Machiavellian two-sided…
-
Usually puzzled
When I’m puzzled by motives, I generally assume there’s a hidden purpose, and assume that stupid-looking moves are distractions. With the moves of Craig Wright, I have to reach a simpler conclusion. He’s just dumb. He’s a suer. He enjoys suing. We already know from many angles and many stories that Wright doesn’t understand software…
Polistra's Mill 