Tag: Bitcoin
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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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Supercondensed matter
This 1954 promo for the Nutrilite supplement is well produced and typifies a long tradition for MLMs and related scams. Bitcoin follows the same tradition. Both pivot on a false idea of super-condensation. The product is EXTREMELY valuable because it’s EXTREMELY condensed. Condensed products are a wonderful idea, making extended storage and savings possible. Condensed…
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One new fact
Real lawyers discuss Sammy’s sentence. Good clear info but mostly old news, with one exception. The federal board decided to put Sammy in medium security rather than a Country Club Camp. These lawyers think the decision was more about protecting Sammy from his “victims”, not preventing escape. Makes sense, given that his “victims” were mostly…
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Open source is shit.
Part of the bitcoin gospel, and the Tech Tyrant gospel in general, is the “benefit” of Open Source at every level. Supposedly a codebase maintained by unpaid and overworked hobbyists will automatically be better and more secure than a codebase kept within careful bounds by a business that owns and guards the rights. Via Protos,…
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The fleet rule
Listening every night to those auto dealer training films. They assumed forced obsolescence as a basic fact of the universe, and relied on the manufacturers to keep it moving. The Conservative Prospect was troublesome because he liked simplicity, liked to do his own maintenance, and disliked constant change. New thought: This is a pretty good…
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Today is Bean Counter Day
The day after the traditional (but not observed) Income Tax Day has been dedicated to accountants and bookkeepers and clerks. Clerks are insultingly called bean-counters by grandiose executives who want to eat all the beans. Following today’s theme, clerks are the internal negative feedback mechanism for predatory capitalists. When the exec wants to LBO the…
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