Tag: Bitcoin
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A real use case, sort of
Seems to be 2017 today…. A strictly traditional Catholic convent near KC used Bitcoin to raise money for construction. One thing I was immediately struck by when visiting the monastery is the brand new, awe-inspiring church that dominates the grounds. I expected to drive up to a modern, utilitarian building, as (disappointingly) can be expected…
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Bimetallism cubed
Screencap from an ad in one of the Reddit bitcoin zones: Finance is failing and DeFi can fix it. But not yet. Right now the tools for DeFi are not sufficient to allow devs to build secure apps etc. This is what happens when a cult of inexperienced THEORY MEMORIZERS are led around by galaxy-brain…
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What is an expert?
I decided to delve back into the archives of Edmund Berkeley’s magazine ‘Computers and Automation’. I’m looking for a specific vaguely recalled item that I haven’t re-located yet. Meanwhile, this editorial from May 1969 deserves sharing. = = = = = Title: The cult of the expert. It is an old human habit, when you…
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A clear view of exp vs linear
One basic fact about money is always understood by the plutocrats but never explained to the peasants. We hear inflation numbers or exchange rate numbers, and the influencers of “left” and “right” base their appeals on these fake numbers. Even the bitcoiners, who claim to be entirely outside government and banking, always treat official “inflation”…
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Interesting for other reasons
Speaking of galaxy-brained bullies…. Cryptadamus, a writer about bitcoin, believes that Satoshi is really the galaxy-brain master criminal Paul LeRoux. Cryptadamus is convinced by experience, having formerly used one of the Mac encryption systems developed by LeRoux. Cryptadamus also matched several of the important dates of bitcoin against the few possibly “known” dates in LeRoux’s…
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Money as delta
Both sides in the pointless battle between bitcoin and fiat are missing the biggest point. I’m also missing it most of the time, though I did hit it once or twice. I was reminded of the point by the recent amazing finding about spores. Like many actively living things, spores contain an abacus that counts…
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Wasted imagination
Inside the convoluted world of bitcoin scams, a lot of super-smart nerds are working hard, probably for very little pay, to develop ever-denser convolutions. Here’s one sample found on Medium. There are HUNDREDS of projects like this, each with its own purposeless purpose, always ENABLING USER to do something that no actual human could ever…
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It’s not new (of course)
For chuckles and chortles I’ve been reading the two opposing subfolders about bitcoin at Reddit. The Bitcoin folder is full of true believers, and the Buttcoin folder is laughing at the true believers. Non-barking: After a while I realized that one HUGE element is missing in these discussions among insiders. Outsiders like David Gerard on…
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Sucker gene
Thinking yet again of the totally useless blockchain crap. Every one of these “innovations” is a wildly overcomplicated way of doing a task that is already working just fine. I’ve observed for a long time that complicators and simplifiers are disjunct personality types. I’m a pure simplifier, and I have trouble understanding the motives of…
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Marx is the real ledger 1
Repeating again the REAL phrase: From each according to his abilities, to each according to his WORK. If you don’t work you don’t eat. These concepts are in the Manifesto, in the first Soviet Constitution of 1917, and in the last Constitution of 1977. Maybe the usual phrase with NEEDS is derived from Capital; I…
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Marx is the real ledger 2
From Wikipedia: Marx was a scholar, not a politician. He was primarily concerned with disproving the concept of marginal utility. He didn’t want to publish volumes 2 and 3 of Capital until he could disprove the concept to his satisfaction, which he never did. Engels and others saw the power-mongering potential and published the rest.…
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Zirn Zibbles
Influencers really need to realize their weak points. Well, everybody does, but it’s more consequential when influencers grab onto the latest obvious scam. Kirn doesn’t realize that tech is his weak point. Or else he’s working for the enemy. Today he’s advertising something called Urbit, the latest version of Gab or Parler. Urbit comes with…
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Purpose vs Parkinson
Briefly returning to those ‘independent’ organizations who allowed BLATANTLY OBVIOUS DEEPSTATERS to take command. Early in the holocaust, the German ‘independent’ ACU claimed to have secret info that would blow up the blackmail. Nothing happened, then they allowed RFK Jr to take over. The Unz boys claimed to be working on the biowar question, revealing…
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No, it’s the exact opposite of math
Bitcoiners constantly say they’re letting math rule. Math is god, math is supreme, math is unarguable. Nope. They’ve kicked math out of the house. Math is always formed in equations. Using math means screwing around with both sides of the equal sign, always keeping both sides effectively equal. That’s the original definition of algebra, and…
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Best prescription
Writing in City Journal, NS Lyons diagnoses the rebels of this age precisely and comprehensively, and offers the most REALISTIC prospect for a solution. Lyons gives too much credit to Trump. Like many other sympathetic diagnosers, he believes Trump was blindsided by Deepstate: = = = = = As the Trump administration belatedly discovered, taking…
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