The Main Sources of AI Risk?
by Daniel Kokotajlo, Wei Dai
https://www.lesswrong.com/posts/WXvt8bxYnwBYpy9oT/the-main-sources-of-ai-risk
They tell you that inflation is slowing down but you must understand what it means. Prices will never return to their previous state unless the production process improves and makes the cost of production cheaper.
The only way you have to counteract inflation is for your salary to grow in line with it or your profits to grow in line with it.
If you look at salaries, they never grow according to real inflation, they always rise according to the CPI which is clearly manipulated downwards. This is the great swindle of the system.
The mercantilism of the XXI century based on FIAT money is a vertical extractive system from bottom to top.
That is what it is all about, if salaries and goods were fixed in hard money, they would not be able to carry out this swindle, there would be no inflation as such and no CPI. Your purchasing power would not decrease every year, even if they didn't raise your salary, goods would go down in price because of the improvement in the production processes. But why don't they do this? Because then governments cannot finance themselves for free at the expense of your wealth.
#Bitcoin
Metcalfe's law is not associated with a specific currency; rather, it describes the relationship between the value of a network and the number of users participating in it. "Value" can be interpreted in different ways depending on the context: it can be economic value, utility, influence, etc.
Indeed, the number of active addresses does not represent the number of users on the network. It is very difficult if not impossible to know the number of Bitcoin users, the only metric I personally use is the total number of active addresses in the last day, which I interpret as active users using the network.
A curious fact
"According to Metcalfe's Law, the value of a network is related to the square of the number of connected users. Considering an estimated one million active users per day on the Bitcoin network, the application of this principle suggests a theoretical network value of 1,000,000,000,000,000,000.
Taking into account the total amount of Bitcoin that could exist, which is 21 million, we could estimate the theoretical value of each Bitcoin by dividing this value by the total amount. However, given that there are currently approximately 19.5 million Bitcoin in circulation, adjusting this calculation, the theoretical value of each Bitcoin, under this approximation, could be around $51,282.05.
HODL explanation
"Gresham's Law, attributed to the English financier Sir Thomas Gresham, expresses the idea that in a system where two types of currencies with equal face value but different intrinsic values circulate, the lower value currency will tend to drive the higher value currency out of circulation.
This law is based on the human behavior of using the lower value currency in everyday transactions and keeping the higher value currency. As a result, the lower value currency remains in circulation while the higher value currency tends to be withdrawn or used in transactions involving higher value.
A classic example would be the use of coins or bills of different precious metals, where the coin with less valuable metal content (the "bad" one) would be used for common payments, while that with higher content (the "good" one) would be reserved or valued more because of its precious metal content."
#Bitcoin
In the last few days Liquid is having 350 transactions per hour, obviously not the transaction volume of Bitcoin, but those who said that Liquid was not used will have to eat their words and maybe use it, for the simple fact that there is nothing else.
From any Whirpool Tx0 you can get the unmixed changes from users and trace them, it doesn't matter if these changes are in the initial Tx0 or not, the blockchain is there. It is a marketing deception and lack of understanding of how a coinjoin works by its users.
It is also a marketing deception to pay fees to the coordinator to avoid a Sybil attack, it is simply more expensive for the common mortals but not for any spy agency. Moreover, in Whirpool's case, the attacker will only have to pay once for each group of trackers introduced into the system indefinitely.
It also adds that some of its users are de-anonymized because they give up their xpub and even their ip if they do not enable tor.
It is also a marketing deception to pay fees to the coordinator to prevent a Sybil attack, it is simply more expensive for the common mortals but not for any spy agency. Moreover, in Whirpool's case, the attacker will only have to pay once for each group of trackers introduced into the system indefinitely.
Add also that part of their users are de-anonymized because they give up their xpub and even their ip if they don't enable tor.
I am very impressed by the lack of compression of their ninja users, obviously the mixed coins are mixed as in the other coinjoin implementations, neither more nor less, with its advantages and disadvantages. For example in joinmarket if you understand and use correctly the Mixdepths you forget the toxic change as this will end up being mixed and therefore at some point will be lost track, just use coins from the last Mixdepths, and when you pay use the collaborative sending, with which the remaining change of your mixed coins will also be difficult to track as it will be along with the change of the other participants, with these two tips you have all the premix and postmix tools you need but without toxic marketing.
The goldboys are right, bitcoin is not a great store of value because it does not hold its value over time like gold.
Bitcon is a value multiplier, up or down, but multiplier 😂
Good morning!
Don't worry, when I buy it always goes down 😂
Fucking Bitcoin, just fucked up my weekly DCA.
I put it because of the peerswap explanation, I know strike sucks...I should have put this:
Basically to be America's little bitch
True 😂
