Tag: Bitcoin
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Satisfying ending
Now that the superhot weather is done and I’m functional again, let’s try to keep up with some stories. Here’s a surprising update on the Craig Wright saga, which I was following before the heat. Via CoinTelegraph: = = = = = START QUOTE: Australian Craig Wright has finally admitted he is not the inventor…
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Metaphor explains it
Wolf writes up yet another stupid Venture Capitalist trick that failed AS INTENDED, leaving the insiders vastly richer and the public shareholders broke. This specific trick was a small Calif wine company that went on an “acquisition spree” during the time of free counterfeit, then crashed when Powell restored real business. I can’t understand the…
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Wouldn’t it be nice?
Via Protos, Paraguay is cracking down on bitcoin “miners”. Good to see a government acting sanely for once. The article includes two other surprising facts. Paraguay probably has the cleanest energy of any country, with essentially all of its power from one hydro dam. The dam makes extra profit by selling part of its power…
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It’s a gold rush!
Speaking of fake sides and Sammy… Now that Larry Fink has turned Bitcoin into a private betting parlor owned by Larry Fink, Larry Fink “changes his mind” and declares that Bitcoin is “digital gold”. The suckers love it. Oh boy! Our decentralized radical freethinking anticapitalist antimonopoly idol Saint Larry has verified what we always knew!…
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When spells break
Thinking about broken spells and busted myths today. When spells break, weird shit happens. We’ve had a lot of broken spells in the last 30 Bush years. 9/11 broke the spell of “terrorism” and Wilsonian “democracy” imperialism. 2008 broke the spell of honest banking. 2020 broke the spell of “public health” as a healing profession…
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Lawyers understand Desistance
Via Protos, with the usual caution, a BEAUTIFUL lesson on why you should always hire a lawyer. Logan Paul, like Craig Wright, is a professional criminal and professional suer. A bitcoin developer made the mistake of working with Paul on a fraudulent (redundant) bitcoin project. The project failed like everything in the bitcoin world… =…
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Is digital currency new?
Found the banking statistic I was looking for. It’s not exactly the same quote but it agrees with the proportions. From a history of US banking: = = = = = START QUOTE: Gen. James A. Garfield, in speaking on the Resumption Act in the House of Representatives, November 16, 1877, stated that while Chairman…
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Trump knows what he’s doing
Headline: Trump says he wants all remaining bitcoin to be mined in USA. Needless to say, the bitcoin suckers, who are also Trump suckers, will love this. Oh boy! That’ll show those horrible Red Chinese Marxist Commies who’s boss! Fact 1: Bitcoin is now a Larry Fink brand. Trump is a politician, therefore everything he…
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Perfect exemplar
Craig Wright continues to provide the perfect exemplar of the Professional Criminal. The pro lives to cheat. He will do dishonest things every second of every day. He will always choose the dishonest way to do every task, even if it’s harder and more costly and more damaging to his own case. Contrary to popular…
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Reprint inspired by reprint
The Reddit anticoiners have been reposting a somewhat older news item about a Bitcoin Cruise Ship that failed spectacularly, but luckily didn’t sink. The organizers imagined that they could be free from International Law, but realized too late that International Law is enforced strictly against ships. In fact the original purpose of International Law was…
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He gets the big point
Most of the time, both “sides” in each hot-button Machiavellian divider are missing the main point. The anti-bitcoiners are right about some details but miss the BIG point that every transaction on the web is perfectly global, perfectly centralized, and perfectly public. Here’s one anti who grasps the biggest point of all. He’s citing a…
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Protos is fucking stupid.
This is the stupidest article I’ve read in many moons. = = = = = START STUPID 1: Politicians will promise a lot to get votes. Despite candidates for the US presidency spending most of their time talking about broad public interests like healthcare, employment, inflation, and national security, they’ll occasionally make a narrow pledge…
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This is crazy.
Via Protos: A British court has sentenced a whistleblower to 10 months in prison for exposing Craig Wright’s forgery. A few days earlier, a British court convicted Wright of forgery, partly using the documents found by the British whistleblower. He also exposed some chicanery in a German bitcoin gang named nChain. Caution: Protos sometimes gets…
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Talent and drive
A British court has decided firmly and colorfully that Craig Wright is not Satoshi. The general verdict was announced earlier, and the final document was published today. Overall I’m impressed by two things. 1. Impressed by the comprehension and understanding of the judge, who clearly spent vast time and effort learning the details of the…
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Missing the syllogism
A Redditor asks if bitcoin can ever be widely adopted. The comments and countercomments miss the point. Bitcoin has ALREADY been widely adopted, but NOT as a store of value or a currency. Blackrock has started using Bitcoin as a gambling chip (aka ETF). Bitcoin is ideal for gambling since it has no real-world connection…
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