Tag: Bitcoin
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More things I learned from others
Recently I gathered up five learnings acquired from others. It’s time to add one more, which isn’t especially recent but was missed in the previous listing. = = = = = START REHASH: Most of my learning comes from painful experience. I couldn’t have figured out these facts on my own, and I’m grateful to…
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The one piece
It’s sort of reassuring when one of the Smartest Dudes In The World turns out to be dumb and lucky. Do Kwon, one of the Bitcoin SDITW, was arrested and jailed a year ago. Via Protos, some details about his arrest have popped out now. = = = = = START PROTOS: Attempting to leave…
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Sammy still leading cult
Via Protos: = = = = = START QUOTE: Writing to US district judge Lewis Kaplan, who is overseeing SBF’s sentencing, Carmine Simpson, who is currently incarcerated alongside Bankman-Fried, claimed, “I have had the honor to have gotten to know Sam over the past six months.” He added, “Sam is the most selfless person that…
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Logging the experiment
Along with internal worklogs, keeping a blog with tags is a valuable way of tracking the experiment of life. Just now I added the bitcoin tag to an item about Sammy, then looked at the bottom of the blog where BITCOIN is by far the largest tag. I don’t FEEL like I’m obsessed with bitcoin,…
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Second vector
Via Protos, Sammy’s old mentor is being tried for fraud. This part of the story hasn’t been mentioned in the media before. = = = = = START PROTOS: Joe Lewis, the billionaire former Premier League football club owner who sold Sam Bankman-Fried more than $76 million worth of property in the Bahamas, is set…
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Still smells the same
Wired is covering the silly trial where Craig Wright is trying to prove his false claim to be Satoshi. Along with the stupid lawyer tricks, the trial has also pulled some previously unseen emails into the public eye. The emails show Satoshi collaborating with a team of acolytes. As with the C++ code, the tone…
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Already scriptable
I enjoy reading Protos accounts of the bitcoin swindlers. Protos started as a pro-bitcoin advocate, then gradually wised up and turned into a more objective reporter. Nice to see a company DIverging instead of CONverging into a crime. Stories about Craig Wright are especially entertaining because nobody takes him seriously by now. There’s no risk…
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Makes up for the silliness
Compact Mag publishes some silly or counterproductive stuff. It also publishes some hugely valuable REALISTIC coverage of important things and places. This article on Bukele has a silly-sounding headline but turns out to be a REALISTIC history of a long-suffering nation that our media ignore. The history reveals why our media ignore it. El Salvador…
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Necessary compromise
The anticoiners at Reddit discuss whether bitcoin is halal or haram. Some of the commenters get the important point. The basic rules of Islam solidly forbid all forms of speculation and usury. BUT modern Muslims engage in banking with interest, and engage in speculation, just like modern Jews and Christians. All three abrahamic branches agree…
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Balaji converges
Via Protos, the ultimate Magsman Balaji has SHOCKINGLY revealed his SURPRISING end goal of becoming an ordinary Wall Street hedge fund owner. = = = = = START QUOTE: Balaji Srinivasan, one-time Coinbase CTO and former partner at crypto cheerleading VC firm a16z, has decided that it’s time to start investing on behalf of others…
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More supreme suckers
More redundant evidence that bitcoiners are the supreme suckers. The Energy Information Agency is asking bitcoin miners to report their energy usage. The miners are getting all IndividualSovereign and threatening to sue. Don’t they realize that they are BUYING ELECTRICITY FROM THE POWER COMPANY? Don’t they realize that the power company has a METER at…
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Should have guessed!
Henrique Bucher writes a substack on computer coding as used by stock traders. I’ve enjoyed reading it for the nerdy pleasures of machine language and compilers. His latest piece covers an entirely different technology, shortwave. I’ve talked repeatedly about the ‘sporting’ nature of shortwave, and the vacancy of the spectrum since SW broadcasters mostly surrendered…
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Ha ha ha ha ha ha
Protos reports that the “banks” who bought up the “assets” of the demonic family offices posing as “banks” are struggling now. = = = = = START QUOTE: Early 2023 was an incredibly difficult time for regional banks in the US — particularly crypto banks. Silicon Valley, First Republic, Signature, Silvergate, and Pacific Western Bank…
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Supersuckers
Via Protos: = = = = = START QUOTE: A spate of ETF fund managers, including Proshares, Grayscale, Roundhill, and Simplify are announcing interest-bearing spot bitcoin ETFs that promise bitcoin exposure along with generous dividends. For example, another firm, Purpose Investments, is offering 11.9% yield on its bitcoin yield ETF in Canada, while other ETF…
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First mention of bitcoin
Linked in previous about Sweden, worth a reprint. From 2013, the first time I wrote about bitcoin. I’ve been citing some items from 2014, which weren’t really the earliest. = = = = = START REPRINT: It’s always fun to watch the ‘paranoids’ failing to be paranoid when it counts. Consider the popularity of Bitcoin…
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