Tag: Bitcoin
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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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More pointless rambling
Reading bitcoin’s original code has helped me to think about the larger qualities of money and economics. As a former bookkeeper I already had a solid grasp on the vectors of creating and increasing value in an ordinary business, operating inside a functional economy. From this foundation, plus 40 years of real programming, I could…
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You are playing a game you don’t understand
I’ve been disgusted but not shocked by the Official Two-Sides Game centered on bitcoin. Deepstate started playing the AP game around 2017. R favors bitcoin, D hates it. When bitcoin steals your money, you blame R because that’s where the sponsors are. Today’s crash of FTX/Binance shows a different side. Sam Bankman-Fried, who organized the…
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Checking the source 2
Two weeks ago I explored the original C++ code by ‘Satoshi’. = = = = = START REHASH: I was assuming the chain is a linked list or nodelist. It’s just a simple array, with expandable memory. The ‘chainness’ only means that each item in the array is a vector or struct including its own…
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Problem solved!
Our noble leaders are warning us to be VEEEEEEEEEEEERY PATIENT, because it takes a VEEEEEEEEERY LONG TIME to count votes. Obviously we need a technical fix. Polistra has a fresh Innovative Disruptive idea! We need a machine that works something like an abacus, except a whole lot faster. She realizes that this is WAY beyond…
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Another non-fix
Continuing the theme of the opportunity cost and wasted passion in the bitcoin realm. Here’s another misplaced non-solution. NFType proposes using NFTs to clean up the messy copyright situation of digital fonts. Or at least I think that’s what they’re proposing. The website and the Twitter version are totally uninformative and incomprehensible. Font licensing is…
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Perfect and comprehensive definition
This is strong stuff, powerfully written. Condenses bitcoin and stocks and gambling and MLM and Ponzi into a few perfect paragraphs. I won’t dilute it by quoting. Just read it.
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Like Hank says, 2
Continuing on the theme that math doesn’t solve anything… At the same time when Elon has taken over Twitter, @Jack has started up his own Twitter alternative, which isn’t exactly a platform, more like a super-browser. @Jack is making the same basic marketing error that Brendan Eich made with his Brave browser. When you introduce…
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High-yield CD
The nocoiners at Reddit tend to know the ins and outs of real markets. One of them notes that Binance is a major partner in Elon’s purchase of Twitter. Binance is a sort of bridge between the allegedly “traditional” finance establishment and the allegedly “unorthodox” bitcoin world. This will add spice to Deepstate’s fake fight.…
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Wrong Great Man
Kirn: I find it interesting that just when it appeared the takeover of Twitter was inevitable & the censorship regime would end, the establishment suddenly started questioning the closing of schools during the pandemic, vacillating about the vaccines, & endorsing the lab-leak theory. Probably not. Those specific shifts are just how psychopaths work. CONSTANT FAST…
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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 more power and money for demons who were ALREADY wealthy and powerful. The ideal of the hippies was…
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