Tag: Bitcoin
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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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Breaking Westphalia
Continuing the theme of pathological abstraction. Northern rebellion and Southern secession, written in 1904 by Ewing, answers and verifies several of my long-running questions. Ewing covers the Kansas terrorists in fine detail, verifying my historical and personal conclusions. Ewing also looks closely at the process of federation in 1776. He finds that the 13 colonies…
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All themes at once!
Just for fun, here’s a news item that fits all of my current themes at the same time. = = = = = START QUOTE: A northern Minnesota electric cooperative is going after a couple for their alleged plot to siphon hundreds of thousands dollars’ worth of energy for two bitcoin farms. The civil suit…
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Might explain a lot!
Dirty Bubble Media, a bitcoin crime tracker, pulls out a BIG player in the shadowy realms of quasi-Deepstate international intrigue. Christopher Harborne is a Soros-like figure who plays the “other” “side” of the political fence. He started at McKinsey, of course. He then leveraged his consultant connections to start or finance a huge variety of…
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Trading
Tiffany talks with Sammy again. Predictably he’s taken up trading mackerel packs, which are the modern prison equivalent of cigarettes. When I was in the walls, cigarettes were the currency. Each pack had a “par value” of a quarter, though the actual price in the commissary was 40 cents. I bought my way out of…
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Lost empathy
Via WSJ: Key Witness at Sam Bankman-Fried Trial to Launch New Crypto Exchange Ex-FTX lawyer Can Sun and other former company executives want the new exchange to allow customers to verify holdings at any time Well, I just lost my slight sympathy for those characters. They’re all incurable professional criminals. Now they’re playing the classic…
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Two-headed coins
Stock trading is the exact opposite of real business. A real business makes real things or fixes and maintains real things. Selling and delivering real things are also real businesses. A stock trader doesn’t make or fix or sell anything real. He just makes sidebets ABOUT the people who make and sell. Above all he…
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What you mean EVERYONE?
This BBC piece on Sammy starts with an obnoxious headline: Everyone got duped by Sam’s big gamble What you mean Everyone, dupe man? I wasn’t duped by any of the bitcoin shit. Plenty of others with bigger voices weren’t duped, and we all tried to tell EVERYONE that EVERYONE is a goddamn fool. This has…
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