Tag: Bitcoin
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Simple Terms
Headline on a Bloomberg podcast: Demystifying NFTs, Blockchains, and Web3 in Simple Terms Here, I’ll help. NFTs are a fraud. Blockchains are a fraud. Web3 is a fraud.
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Platonic crap
Via MindMatters. = = = = = START QUOTE: Mark Balaguer defends the proposition that mathematics belongs to an eternal realm. This realm is frequently referred to as the Platonic realm. Mathematics is like nothing else. The truths of math seem to be unrelated to anything else—independent of human beings, independent of the universe. The…
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Good news for real business
Via Pitchbook, about 40% of venture capitalists quit this year. The number of active investors dropped from 7000 to 4000. The counterfeit has dried up, and the insane and evil nonsense created by the counterfeit is also drying up fast. Bitcoin shit, “renewable energy” shit, DEI shit, AI shit, all collapsing. Thanks, Powell! Stupid sidenote:…
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Guaranteed suckers
Via Protos: = = = = = START QUOTE: The assets of a husband-and-wife-run online church have been frozen after they allegedly used the word of God to trick Christians into investing in a fake crypto before spending $1.3 million in investor funds on luxury goods. Law360 reports that the duo are alleged to have…
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Overthinking
Protos tracks the predictable “sides” responding to the SEC’s approval of the Blackrock takeover of bitcoin. (After a premature front-running “fake” message gave the shorts a chance to move the price.) Both “sides” are overthinking. Ockham. Get rid of the pinhead angels. It’s quite simple. Larry Fink wants to own the bitcoin market, therefore Larry…
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Shorters are the worst.
Bastard. In 2020 he was fiercely advocating more lockdowns and more quarantines. Now he’s helping to spread silly “anti” rumors about the same things he helped to create in 2020. Short. Short. Short. He was shorting normal business in 2020, now he’s shorting Pharma. Shorters are the worst criminals. They sometimes tell the truth, which…
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Thinks it’s ironic
Post in Buttcoin, Reddit’s home for bitcoin skeptics: = = = = = START QUOTE: At last we have centralized trading of BitCoin for privileged first world citizens on a government-regulated exchange, with merchant bankers clipping the ticket on every transaction! This is the turning point that Satoshi dreamed of. Combine this with the whales…
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The oldest hack
Bitcoiners, the ultimate anti-bank and anti-WallStreet radicals, are eagerly and voraciously gobbling up the chance to become part of Wall Street via Blackrock. Blackrock has been trying to set up an ETF, which is an abstract side-bet that used to be illegal before Reagan and Clinton wrecked FDR’s stock laws. All the gossip in the…
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Reprint from 2014
Linked in previous, worth a reprint. = = = = = START REPRINT: Three beautiful examples of completely ignoring history in today’s news. = = = = = (1) Joe Manchin, one of the few halfway sane Congresscritters, proposes banning Bitcoin. The techies are snortling and chortling in their usual way. WTF???? There’s no possible…
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It’s just efficiency
Prosecutors decided that Sammy doesn’t need a second trial. The Repoofs who didn’t get their share of his bribes are pissed and calling it Deepstate manipulation. Nah. It’s just the way courts work. Prosecutors have developed many tricks to circumvent the fake “requirements” of fake “laws” and fake “constitutions”. The second trial was an insurance…
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Capsule headline
The bitcoin website Protos has followed the opposite path to bait-and-switch. They started pure pro-crypto, then seemingly learned from the failure of every single “company” and “startup” and “coin”. Now Protos is casting an appropriately jaundiced eye. This headline is wonderful: Autism may be the only asset left for 3AC founders after $1B frozen The…
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Illustrating the point
Self-parody is sometimes accidental. This discussion at the Federalist is unusually fair and reflective. Ryan Grim is talking about different fundraising and media styles on Right and Left. He mentioned ActBlue as a highly successful funding system, which isn’t matched on the right. (WinRed tries, but it’s nonfunctional. They started billing me for a monthly…
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Everybody did get stoned.
I was dubious at first about Sohrab’s Compact Mag. It seemed low on Shannon information. The magazine has improved, and it’s worth the price now. Many of its articles offer insights or information that I couldn’t acquire by experience. In this piece on the drug-infested Tech Tyrants, the author focuses on a cult leader named…
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NHI
Another clicky story from Protos. Aiden Pleterski, who ran a pure Ponzi and stole 40 million FAST, is spending it FAST. His loot is supposedly under the control of a bankruptcy trustee, but the trustee isn’t trying very hard to stop the spending. Pleterski is jetting around the world, a new country every day, spending…
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Could help with AI cases
Via Protos, Facebook has settled and paid a lawsuit about misuse of faces and names. Wissam al-Mana, a Qatar billionaire who was once married to Janet Jackson, sued Facebook for running bitcoin scam (redundant) ads that implied he was endorsing or running the scam. Legal handling of such ads is based on Adverse Possession, similar…
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