Tag: Bitcoin
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All the fine old swindles
I enjoy watching the bitcoin idiots “rediscover” and fall for all the old scams. A bitcoin thingy called Solana made a big deal of keeping perfectly accurate time “on the chain”, which is obviously necessary because obviously there are no other clocks in the world. Just like grasshoppers are the only living things that can…
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Not always obvious…
Via Protos, a largely pro-bitcoin aggregator. Crypto billionaire Sam Bankman-Fried’s PAC of choice infused a record-breaking $11.3 million into political candidate Carrick Flynn, whose dramatic loss to Andrea Salinas in the Democratic primary for Oregon’s new 6th congressional district illustrates a hard-learned truth in American politics: wealth cannot guarantee political success. Just ask Michael Bloomberg,…
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Make it look horrible
Kirn points out the cover of the latest Economist, which has returned to “Climate” Emergency as a brief break between “Virus” Emergencies. The cover is a stalk of wheat with skulls instead of grains. Horrible. (Kirn wasn’t really talking about the art itself, but some of his commenters brought out the connection.) This crystallized a…
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Old saying
Wolf has been discussing and expertly graphing the boom and bust cycle. The central banks have finally reversed their boom-machine after 14 fucking years of insanity. Today he notes that the supply chain is starting to loosen up. It’s just the old saying, High prices are the cure for high prices. … But the saying…
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Process about process
The world of pure abstraction seems to be falling down, at least in the economic realm. No mystery about the cause. Since 2008 all the central banks have been pumping false “value” directly into the stock market, with a final huge blowup “justified” by the fake “virus” holocaust in 2020. Now the central banks have…
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Non-barking UFO
I just noticed one huge disjunct between modern UFO discussion and the 1947-1967 discussion. Absolutely all the modern UFOlogists are solely obsessed with the Roswell event. They don’t mention the hundreds of other non-dismissable sightings over thousands of years. It’s just Roswell, Roswell, Roswell, Area 51, alien Greys. Wikipedia partly answers the question. The event…
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Statusotopic mapping?
If we start from my unconventional thought that secrecy is the default, what happens? If we treat this as the baseline assumption, what about “innovation” and “robust debate”? First some clarification. I’m talking about secrecy and language within a family or tribe or guild, not secrecy between all individuals. Language forms the circle and keeps…
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Old game
I’ve noticed for a while that influencers who are realistic about most aspects of the fucked-up world are also selling bitcoin. This shibboleth works both ways in a perfect balance. Influencers who are strongly opposed to bitcoin are perfectly orthodox about all other aspects. They agree with DNC/CNN/MSNBC on all topics except bitcoin. There’s a…
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Metasantayana
The old Santayana quote is stupidly delusional, and apparently Santayana meant it as wildly ironic. He wasn’t delusional. The demons who repeat history are NOT unaware, and they are NOT clueless, and they are NOT repeating errors. They know EXACTLY what they’re doing and where they’re going. From their viewpoint they are magnificently successful. The…
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Traffic analysis and caste
Following on this mention of traffic analysis and bitcoin. Spies and counterspies don’t need to know what you’re saying. They only need to know who you are and who you’re talking with. This extends to the common and stupid misconception of censorship. Advocates of “liberty” and “rights” always focus on the CONTENT of the message.…
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It’s not quite that simple
Dan Olson has been doing God’s work in exposing the absolute total swindle of ALL bitcoin and ALL blockchain and ALL NFTs. In this interview he hits one huge point precisely and misses one mid-sized point. The precise hit: Regulating NFTs as securities is useful, but it’s not going to fix the problem. The problem…
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Converse is useful
Over the last two years of “virus” holocaust I’ve been tirelessly and tiresomely repeating: THEY KNOW IT’S A HOAX BECAUSE THEY CREATED THE HOAX. The rulers don’t use ballgags and distancing and needles because they know the whole routine is MURDER. Criminals don’t shoot themselves. = = = = = Universal rules can be turned…
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More verb vs noun
Here’s another relatively unimportant puzzle that can be untangled by thinking of verbs vs nouns. One of Bitcoin’s fake advantages is that it’s allegedly fungible. Every digital token is identical to all other digital tokens, so you can’t tell who owns this particular token. The analogy is coins vs dollar bills. Coins don’t have serial…
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Mouse countries
In human hierarchies and in national hierarchies, you have to KNOW YOUR PLACE. Status is innate and permanent among humans and among countries. When you’re the mouse, you have to avoid pissing off the nearest cat. Eastern Europe traditionally understood its mousy position, stuck between Germany and Russia. Those countries ALSO understood that America and…
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More on central vs decentral
Continuing with the Sucker Filter of bitcoin. Another obviously fraudulent claim is privacy. Running all of your transactions through NSA is not the ideal way to preserve privacy. NSA is a SPY AGENCY which knows better than anyone else how to break cryptography and bust through software limitations. Even more obviously, the transactions themselves can…
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