Amazing news

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Fantastic news!

https://x.com/ajenglish/status/1805488595899220314

This is ludicrous. Where are the fucking idiot brains that support these moronic policies being incubated? There’s little that can be done about the sociopaths that initiate them but they wouldn’t get off the ground if it wasn’t for these weird zombie armies voting against the will of the people they’re supposedly representing

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Bitcoin is the analog of digital money…

Well maybe not literally, but recent comments by Peter Schiff left me scratching my head about how little he still seems to understand. There was his usual retort about Bitcoin not having intrinsic value, but it was his comparison of Bitcoin to the digital version of music, saying that at least digital music has substance, that I find puzzling. If you think about an LP on vinyl, that has some unique, one-of-a-kind property to it that its digital counterpart does not. Digitalisation immediately removes the uniqueness of something, as it can be perfectly duplicated indefinitely henceforth. Bitcoin otoh flips this concept on its head, attaining and maintaining the uniqueness of its ledger by bootstrapping this perfect duplicability property to enable all users to share a single source of truth, in turn ensuring the uniqueness of each holder’s Bitcoin. As the ledger is secured by real-world energy, the uniqueness of the Bitcoin would start to crumble without this proof-of-work, as it would soon start to be double-spent and would quickly become worthless. In this respect, Bitcoin is an analog form of money. It cannot exist as a static arrangement of 1’s and 0’s solely in the digital realm. This is what sets it apart from mere digital representations of things, and is its greatest strength. It’s certainly ironic that the first real contender to become the native currency of the Information Age and the internet is more analog than most of the payments systems currently in use today. This is clearly lost on Peter along with his sheer blindness to the fact that Bitcoin’s intrinsic value is the purity of its function as a monetary medium itself, unobscured and undiluted by other non-monetary properties such as jewellery, industrial uses and paper aeroplanes

Yes because the US did it, so obviously then the media put a sock in it

He could just be saying what he says to distract from the fact that he’s shorting the dollar

What? They don’t hold the keys to their Bitcoin?

The Federal Reserve has 3 official mandates, as follows: -

1. Maximise long-term US employment

2. Maintain stable prices (the arbitrary 2% inflation)

3. Maintain long-term interest rates

In her book “Broken Money”, Lyn Alden argues there’s a fourth informal mandate to maintain US financial stability, which is a pre-requisite for the other three.

It’s well known by those who’ve studied the history of money that the US dollar has been world reserve currency since at least 1958, and that the levers pulled by The Fed have trickle-down effects on the rest of the world as a result. What’s less apparent to many, no doubt, is the disconnect between the fact that the Fed’s mandates were designed specifically for the US yet have far-reaching impacts on the rest of the world. This is because the mandates were formed over 45 years before the USD became world reserve currency but were never updated to suit. So in attempting to maintain stability of their own financial system, they end up pushing volatility to many other dollar-dependent countries, sometimes with devastating effects. Here is an excerpt from Lyn’s book

The reader should notice that despite being the issuer of the world reserve currency, none of the Federal Reserve’s mandates say anything about foreign countries. As the issuer of the world reserve currency, U.S. monetary policy decisions affect almost everyone in the world, but the Federal Reserve only officially cares about foreign impacts if those impacts can bounce back and affect the United States’ economy

Excerpt from: "Broken Money: Why Our Financial System is Failing Us and How We Can Make it Better" by Lyn Alden. Scribd.

This material may be protected by copyright.

Read this book on Everand: https://www.everand.com/book/677233019

Yes. Also read The Fiat Standard, coz I found that the Bitcoin Standard is a bit too biased towards gold and I think Saifedean realised that too, hence the follow-up. I also read Web of Debt before The Bitcoin Standard and that shows how fiat has actually been useful at times in history in the short term, in particular The American Revolution, which facilitated America breaking away from England with unbacked fiat in circulation. This book predates Bitcoin and argues for a fiat system where govt issues it itself without having to pay interest to a lending bank, and not inflating the supply without backing. Of course this is nonsense to Bitcoiners now, but the book gives a good history of money and nefarious financing. Also Broken Money by Lynn Alden, Price of Tomorrow by Jeff Booth, Inventing Bitcoin, Mastering Bitcoin and The Sovereign Individual

Sometimes it helps to give some hint that you’re joking (which I sincerely hope you are)… there are so many psychos out there these days who think certain other humans (like Palestinians for example) don’t even have the right to breathe, so this could easily be taken at face value

such curious timing, a week after many in the world first heard something other than the force-fed propaganda about the Russia-Ukraine conflict

I'm a civil engineer too and have been wondering the same thing

Happy New Year of the Dragon 2024

Happy New Year of the Dragon 2024

different from the one that's already in the app??

My daughter Keisha and her band playing some of her original songs at The Undergound HK's 20th anniversary show at AIA Carnival

https://youtu.be/g-gvR5sHxGU?si=647fTeCUvVibgae-

agree this is more important metric

it's not secured at the source and the surveillance is mainly downstream, it's a Frankenstein monster and yes it's super weird

but I want to C Flat and B Sharp