Tag: Bitcoin
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Fish in a barrel
Just having fun with a standard bit of Libertarian and Bitcoiner silliness. = = = = = START QUOTE: How do you know you live in a privacy enthusiast bubble? You look around a commercial airplane and you’re the only one using a privacy screen on your devices. Still so much work to do! =…
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Just the same!
Bitcoin news site Protos warns people to be super-careful when attending the annual Bitcoin Conference. = = = = = START PROTOS: Long also advised to keep your eyes on your drink to avoid the risk of anyone spiking it. Others suggest watching your back “literally” in case there are any “wrench attacks,” a phrase…
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Tally sticks
= = = = = MEDIEVAL METROLOGY PART 2 = = = = = In the first part of Medieval Metrology I showed a medieval ruler for measuring length, as used by the ale tasters. It was notched in fractional parts but not numbered. The ruler bears a close resemblance to the medieval way of…
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Deserves a serious answer
Question in the bitcoin-skeptic section of Reddit, titled ‘A genuine good faith question’. = = = = = START QUOTE: I’m a huge crypto skeptic. But I see that a core principle here is the belief that blockchain as a concept or technology (unrelated to BTC) is useless or a “scam”. My question is, why…
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More harm by court than Wright
Since I’ve been steadily writing about Craig Wright, I feel obligated to continue until it’s settled. Basic task-completion drive. Last week Protos reported on his latest grandiose fraud, remaking agriculture now that he’s remade money and banking. This week Protos notes that he’s blithely disobeying the British court order. He hasn’t paid the plaintiffs anything…
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Farmers are about to be replaced!!!
All those outdated old-fashioned farmers who are still doing it the stupid way, planting seeds in soil and harvesting the crops, had better watch out! Their hopelessly obsolete methods are about to be overturned by: The Most Holy And Noble Innovator ***C*R*A*I*G***W*R*I*G*H*T*** After successfully overturning a thousand years of obsolete fiat banking and replacing all…
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Beautiful bitcoin schadenfreude!
Via Protos: Cathie Wood, the “futurist” who pulled in billions from idiots and used it to bet on obvious nonsense, has destroyed more than 14 billion dollars of the money “invested” by fools. All of them fully deserve the punishment. = = = = = START PROTOS: ARKK, the largest ETF Wood manages, has lost…
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Is Elon more efficient than SS?
This 1962 educational film about Social Security is a nicely produced story, by educational film standards anyway. It tells about SS by following a young reporter who visits the administration with her grandpa, to see how SS works for young people and old people. At one point the film mentions that modern computers enable SSA…
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Mother-in law and cliff
Speaking of beautiful old infrastructure… An old system is SUSTAINABLE by definition. Whether it’s a house or a car or a coal power plant, maintaining it and using it are CLEANER than building a new one. (As long as it’s still working properly.) Good news: An upstate New York coal plant has been restarted! Yay!…
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We need equipoise
I linked these items as examples of professional criminals misusing math as a culprit. Rehashing both together. = = = = = START 2022 REHASH: Bitcoiners constantly say they’re letting math rule. Math is god, math is supreme, math is unarguable. Nope. They’ve kicked math out of the house. Math is always formed in equations.…
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Silly
Headline at Bloomberg: Constitutional test of Elon’s authority You don’t need a constitution to figure this out, which is fortunate since we haven’t had a constitution since 1803. A government, like a corporation, is a structured organization. Employees must take orders from the chief executive, or from managers appointed by or through the executive. Chain…
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It’s all Duane Jones
When you favor or oppose an action for reasons that don’t align 100% with Team A or Team B, it’s much harder to maintain your own opinion. I had this trouble with bitcoin. I oppose it for solid experience-based reasons. I was a bookkeeper for years, so I know how real ledgers work. Bitcoin is…
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Unimaginably stupid
Question seen on Reddit’s Buttcoin (anti-bitcoin) group: What is the single biggest reason you DON’T believe in Bitcoin? Most of the answers included the usual correct reasons. It has no value, can’t be spent or saved, only makes a few people rich by swindling others. This is the most elegant answer by my standards: A…
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Reprint on limited resources
In previous item about Krugman and Cobol I linked this 2014 piece. I was talking about Modern Monetary Theory, which turned out to be a passing fad. MMT was just a fake philosophy to justify the standard Wall Street and government method. Never save, never produce or preserve anything. Create counterfeit and pour it into…
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Buy the dippy
Via Protos: = = = = = START PROTOS: Donald Trump’s inauguration pastor Reverend Lorenzo Sewell has launched a crypto token that he says will help him and his followers to accomplish God’s vision. Unfortunately for Sewell and God, the token is down 97%. Just hours after Trump’s swearing-in ceremony the pastor announced the launch…
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