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Cpt. Charisma
50f1e4619bac816a6cfcaf613a2d5b501d4635deceaafe21ed917c66e24f6aff
Niche Internet Micro Celebrity, Genius, Hacker, Cypherpunk wannabe, New Media Pioneer, International Arms Dealer, Clandestine Astronaut, Billionaire, Bitcoiner.

I think it was people who liked the status quo vs people who wanted to change things. It's been a long time since I studied history.

Meh. That just means you wind by default in the eyes of anyone that actually cares about or understands the technical side.

I always heard it came from the Roman senate. People with one set of views were on the left side of the room and the others were on the right.

The unwinding of the Yen carry trade was a harbinger of the 2007 crisis. It caused a significant stock market draw down and was followed by falling home prices and ultimately almost took out the U.S. banking system.

Today, the Yen carry trade began unwinding. We have also seen falling stock prices this week. Commercial real estate was already in the toilet, but I don't know wheter home prices will follow this time. This year has also seen bank failures and near failures due to commercial real estate and bond prices. If things play out like last time, we could see a massive financial crisis and bailouts within the next year. Keep an eye on credit markets, LIBOR, SOFR, repo markets, etc. Oh, and make sure you have some Bitcoin :)

Replying to Avatar Lyn Alden

Most people who I know that think the CIA invented bitcoin, are not very familiar with the pre-history of Bitcoin including work by Back, Szabo, Finney, etc.

I'm not saying that certainly no intelligence agency created Bitcoin, but rather, I'm very skeptical of the certainty that many people have around that topic.

Because, when you are somewhat familiar with that pre-history and look at it from an engineering perspective, you can clearly see the pieces gradually falling into place. In the1980s there was work by Chaum about how to build a database run by mutually suspicious entities. In the 1990s there was work by Back for proof-of-work. As things moved into the 2000s, there was Szabo's Bit Gold, which is very similar to what Bitcoin ended up being, and Finney's Reusable Proof of Work "RPOW" tokens. Finney hadn't solved the centralization issue, and Szabo hadn't solved the issue of better computation causing supply inflation over time, but they were collectively within shooting range of the solution. Others as well. Meanwhile global bandwidth was getting better, encryption in general was getting better (and there we've got an actual intelligence agency contribution), etc.

And then Satoshi added to that work, including the difficulty adjustment in particular and many other details, with a full implementation.

Basically, if someone thinks that Bitcoin just kind of magically came out of nowhere, then it's pretty easy to see how they'd be inclined toward a conspiratorial assumption.

However, if one sees that, just like any other industry, there was a series of engineers building on each others' work until someone finally got it over the line, then it looks a lot more organic.

You're missing the point (along with everyone replying to you.) It doesn't matter if it was the CIA, the NSA or just some rando. The whole point of Bitcoin is that you can verify that it works the way it claims to work. Arguing about who created it is pointless.

That's the ship from Flight of the Navigator! I love that movie!

If it stops to pick you up, get in. Just be prepared to be gone for 20+ years due to relativistic effects.

Replying to Avatar corndalorian

Wait, you don't want a lifetime subscription after reading 2 poorly written articles that don't actually say anything? What is wrong with people?

He's doing his part!

Are you?

I like Amethyst. Their first implementaion of Heart/like would allow you to tag posts repeatedly. Good times.

Step 1: don't use your real name on social media.

Replying to Avatar binmucker

For all of you non-smokers, the reason this is important is that 20 cigarettes = 1 pack. This device lets you do all of your smoking for the day at once! If you figure 5-10min. per cigarette, this device can save you over 1.5 hrs every day!