Tag: Bitcoin
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Exception to the delta rule
Following on previous and especially pivoting from the discussion of money as DELTA of value. Whether we’re talking about a clock mainspring or a storage battery or a capacitor or a dam or a grain elevator or a bank account, we are always storing a DELTA produced by work. The work comes in many forms.…
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More pointless rambling
Reading bitcoin’s original code has helped me to think about the larger qualities of money and economics. As a former bookkeeper I already had a solid grasp on the vectors of creating and increasing value in an ordinary business, operating inside a functional economy. From this foundation, plus 40 years of real programming, I could…
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You are playing a game you don’t understand
I’ve been disgusted but not shocked by the Official Two-Sides Game centered on bitcoin. Deepstate started playing the AP game around 2017. R favors bitcoin, D hates it. When bitcoin steals your money, you blame R because that’s where the sponsors are. Today’s crash of FTX/Binance shows a different side. Sam Bankman-Fried, who organized the…
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Checking the source 2
Two weeks ago I explored the original C++ code by ‘Satoshi’. = = = = = START REHASH: I was assuming the chain is a linked list or nodelist. It’s just a simple array, with expandable memory. The ‘chainness’ only means that each item in the array is a vector or struct including its own…
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Problem solved!
Our noble leaders are warning us to be VEEEEEEEEEEEERY PATIENT, because it takes a VEEEEEEEEERY LONG TIME to count votes. Obviously we need a technical fix. Polistra has a fresh Innovative Disruptive idea! We need a machine that works something like an abacus, except a whole lot faster. She realizes that this is WAY beyond…
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Another non-fix
Continuing the theme of the opportunity cost and wasted passion in the bitcoin realm. Here’s another misplaced non-solution. NFType proposes using NFTs to clean up the messy copyright situation of digital fonts. Or at least I think that’s what they’re proposing. The website and the Twitter version are totally uninformative and incomprehensible. Font licensing is…
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Perfect and comprehensive definition
This is strong stuff, powerfully written. Condenses bitcoin and stocks and gambling and MLM and Ponzi into a few perfect paragraphs. I won’t dilute it by quoting. Just read it.
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Like Hank says, 2
Continuing on the theme that math doesn’t solve anything… At the same time when Elon has taken over Twitter, @Jack has started up his own Twitter alternative, which isn’t exactly a platform, more like a super-browser. @Jack is making the same basic marketing error that Brendan Eich made with his Brave browser. When you introduce…
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High-yield CD
The nocoiners at Reddit tend to know the ins and outs of real markets. One of them notes that Binance is a major partner in Elon’s purchase of Twitter. Binance is a sort of bridge between the allegedly “traditional” finance establishment and the allegedly “unorthodox” bitcoin world. This will add spice to Deepstate’s fake fight.…
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Wrong Great Man
Kirn: I find it interesting that just when it appeared the takeover of Twitter was inevitable & the censorship regime would end, the establishment suddenly started questioning the closing of schools during the pandemic, vacillating about the vaccines, & endorsing the lab-leak theory. Probably not. Those specific shifts are just how psychopaths work. CONSTANT FAST…
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What the world needs now
Is not love, sweet or otherwise. The real tragedy of the bitcoin/NFT/DAO crap is identical to the real tragedy of the hippie crap. Both were motivated by youthful idealism, and both ruthlessly exploited the idealism to gain more power and money for demons who were ALREADY wealthy and powerful. The ideal of the hippies was…
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Checking the source
In animating old tech, I always try to find the original patent or the earliest version. I decided to look at the (supposedly) original code for blockchain to see what’s really there, and to check if I was making any bad assumptions. In fact I have been making two bad assumptions. (1) I was assuming…
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Fish in a barrel
Continuing from here. Zuck is pushing the envelope of hi-tech with new advances that nobody has ever thought of before! Via UploadVR, a tech-optimist puffery website: Meta Horizon Workrooms is the product name for the beta software on Quest 2 and Quest Pro that’s a cornerstone of the company’s approach to changing the way people…
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Build what you know
It’s easy to see the goal of bitcoin and DAO projects. Pump and dump, often in just a few hours. Cheap riches for the real-world swindlers who run the fake world. The dumps aren’t especially large by Wall Street standards, but 100k for a few keystrokes is an extremely high ROI. Well then, what’s the…
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Wonderful!
For some reason I missed this a couple months ago. If I had seen it, I might have been less quibbly about the project! Avi shows his work. The world is full of ‘alt’ tech and ‘alt’ social media and ‘alt’ money projects, which grind and grind and eventually dissolve into factions and fractions because…
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