Tag: Bitcoin
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Mon[]ey
The California restaurant that claimed to accept monkey-style bitcoin for payment has stopped accepting monkey-style bitcoin. It still accepts nasty old fiat money. I suspect they only took one actual “payment” in monkey money, for the promotion, before they switched from monkey money to money money. Apparently the monkeyburgers weren’t actual monkey meat but nasty…
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Squirrels all over the place!
As usual we have a clusterfuck of misdirections about inflation. The media and their DNC bosses are straightforwardly blaming Putin’s reclaiming of Russian territory for our 40-year internal destruction of our own economy. This is so blatantly stupid that nobody is bothering to discuss or refute it. Everyone recognizes that inflation has been rising for…
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Valid reason then, not now
Denyse takes down Sabine, but not quite far enough. Hossenfelder: A lot of media coverage on science policy remembers that science is fallible only when it’s convenient for them. When they’ve proclaimed something as fact that later turns out to be wrong, then they’ll blame science. Because science is fallible. Facemasks? Yeah, well, we lacked…
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Best card-counting strategy
MindMatters hosts Sal Cordova for a second podcast. This one includes details of card-counting systems used in blackjack. The systems require considerable skill and give you at most a 1% advantage over the house. If you can maintain a 1% advantage and control your betting, you can compound a pretty good pile in one night.…
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Speaking of repetition
Speaking of repetition in news, and speaking of the delicious collapse of Bitcoin….. Ctrl-C, Ctrl-V, change one word.
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Numbers all the way dooooooooooooown
Musical accompaniment. Time for a sip of Chateau Schadenfreude, now that the Holy Bitcoin has dropped off the scale at $20k. This number is not just a ‘chartist’ threshold. Some crucial loans and margin calls were designed to be triggered at this number. When your fake “economy” is built on Magic Numbers All The Way…
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Ultimately it doesn’t matter
For a long time I’ve been observing the Bitcoin Balance. Among influencers, the bitcoin realists are ferociously anti-realist on all other topics. The realists about most topics are enthusiastically selling bitcoin. Sometimes I find it hard to maintain realism about bitcoin. The anti-coiners are solidly and screechily Woke, following all ESG and WEF ideologies. Do…
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Real work vs abstract “work”
One of the many simultaneous and delicious collapses in the bitcoin/NFT world: After playing up how Axie Infinity had “created hundreds of thousands of jobs in the Philippines” and other locations where salaries are low, Axie Infinity has crumbled. Some players had quit their traditional jobs to become full-time Axie players, and for a few…
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Borodin in Bitcoin
Back when I was listening to shortwave, I noticed that Radio Moscow had a habit of switching to heavy classical music like Borodin and Khachaturian when the regime was in turmoil. I called it the Borodin Effect and began noticing it in other situations. When the media’s script doesn’t have a Correct Line for an…
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Is this also related?
The shutoff of the QE faucet has an obvious and mechanical effect on stock crime and bitcoin crime. All frivolous nonsense is collapsing, which means the ENTIRE bitcoin nonsense is imploding. I wonder if a more subtle collapse is also related. When money is free to the Correct People, the Correct People are free to…
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Joining the guess crowd
Big kerfuffle today: A Dead Man’s Switch on the whole bitcoin crime. The sender claims to be dying, and claims to have monitored conversations between most of the Big Dudes in bitcoin. He mentions three types of crime: Rugpulls and similar scams, sexual stuff, and assassinations. Rugpulls, insider trading, etc, are the opposite of news.…
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Counterfeit is a feature
Over and over again, suckers are losing their money in the Ethereum branch of the bitcoin crime. Ethereum makes it possible to write ‘smart contracts’ which order the blockchain to do certain things. Scammers write ‘contracts’ that empty the bank, or pay them twice what they put in, or tell the bank to ignore the…
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First thought, second thought
Via Molly White’s aggregator: Senators Lummis (R-WY) and Gillibrand (D-NY) introduced the “Responsible Financial Innovation Act”, the first major proposal for cryptocurrency regulation in the US. A press release from Lummis included statements of support from Kraken, Coinbase, FTX, crypto lobbyists, and various other major players in the cryptocurrency industry—unsurprising support for a bill that…
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EXPonential EXPectation reprint
Inspired by NFT stupidity, here’s a reprint from 2018. = = = = = ABSTRACTION is the cause of EVERY SINGLE CRASH in business, government, and ordinary lives. Abstraction has three Ds: (1) Debt. (2) Delusions. (3) Drugs. All three are unsustainable departures from real value and real work and real measurements. Sooner or later…
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Random grumps
A couple of random peeves. = = = = = Most people quote the old saying as Money is the root of all evil. This is wrong in two layers. First and most well known, the real saying is Love of money is the root of all evil. This is still one step away from…
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