Tag: Bitcoin
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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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No need to read Machiavelli.
Here’s the end goal of Mach’ian rulers, all wrapped up in one nice little sentence. Do not buy the $TRUMP coin/con. If it isn’t Bitcoin, it is a scam. Brand A scam says “avoid the Brand B scammers, stick with honest Brand A”. Brand B scam says “avoid the Brand A scammers, stick with honest…
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Fool starting to learn? Nah.
Via Protos: A bitcoiner who works for the Coindesk website had his wedding plans ruined when the fake bitcoin “bank” holding his fake bitcoin “savings” suddenly cut off his account access for several months. He was able to get it resolved BECAUSE he’s a well-known figure who could stir up public attention on Twitter. He…
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Originality compounded
Via Cointelegraph, Trump is strongly favoring the insane idea of a Bitcoin Strategic Reserve. As I’ve mentioned a few thousand times already, bitcoin is just a database or spreadsheet. One bitcoin is one row of a spreadsheet. There’s nothing original about strategic reserves. Birds do it, bees do it, even educated cells do it. People…
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Aside from that
Protos features the California wildfires from the standard Gaian perspective. Fueled by high winds and months of drought, Reality: Southern California has centuries of drought broken by occasional rainy seasons. It’s a desert. Every coastal area has high winds sometimes. Protos also covers the tragedy as seen by the “crypto community”. = = = =…
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Same thing two ways
This morning I noticed two ways of saying the same thing, showing opposite ways of looking at the world and looking at business. First, Conde’s book on Hudson tells the story of the company’s founding in great detail. I summarized it before. The group who founded Hudson started out working at Olds, then split in…
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Beyond gigasucker
Several states are planning to set up BITCOIN STRATEGIC RESERVES. CNBC interviews a Bitcoin scammer who thinks it’s a wonderful idea. Of course CNBC will always serve the oligarchs, so I don’t expect objectivity or “balance” from them. Ohio and Texas are considering the fantastically stupid idea, along with the alleged so-called “federal” “government”. Needless…
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Craig Wright, the final chapter
Edit: Oooops, I published too soon without waiting for the actual sentence! The Judge sentenced Wright to 1 year but suspended the sentence for 2 years to see if Wright will start paying his fines. Unsatisfying conclusion and won’t stop the chaos that Wright creates every minute of his nasty life. PROFESSIONAL CRIMINALS NEED TO…
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Flipping their duties
Trump will appoint an AI and Bitcoin Czar to steer the government toward funding and encouraging those activities. In plain language, the government will now be funding and encouraging massive copyright theft, job destruction, and perpetual motion swindles. For 200 years the copyright and patent offices, the post office, and other regulators, have been trying…
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Supreme sucker filter
The latest email scam is a perfect sucker filter. If you like BTC you’re a perfect sucker. If you can’t see that the email is NOT from Paypal or Dropbox and NOT even addressed to you!!!, you’re a perfect sucker. If you don’t recognize the garbled English, you’re a perfect sucker. If you don’t take…
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Fine incentive!
Via Protos, Altman’s perfectly dystopian hypernightmare is having trouble recruiting soldiers to help Sammy eat souls. They set a goal of one billion souls eaten, but only made it to 7 million. Now they’re taking extreme steps to incentivize more soul suckers. They’re going to pay new recruits $100 in actual fiat money…. WHOOPS! I…
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It’s all about reciprocity
The key to success for a Mutual Benefit Society is a proper mix of real business and social enjoyment. Starting in the 1920s, the purely commercial insurance firms absorbed and destroyed the MBS movement, leaving only the social side. Without the BENEFIT part it’s just a drinking club. Odd Fellows preserved some of the real…
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Important question
In this interview David Sirota makes plenty of sense about the failures of the elite class that led to the Trump victory. Toward the end Krystal asked a question that seemed marginal to me. After she answered it, I can see that it’s pretty much the whole story. Why were the Repooflicans OPEN to takeover…
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