Tag: Bitcoin
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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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Bravo for Sweden
Sweden took the sane path in the “virus” holocaust, though perhaps a bit too cautiously. Now Sweden is going all in with pure sanity on the “green” holocaust. Their government has officially discarded the UN’s Agenda 2030 genocide. Formerly Sweden was moving faster than others toward the Revelations vision of chips in your head and…
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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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