GhostOnTheHalfShell.masto.ai.ap.brid.gy
opinionated lurker of the intarwebs.
Used to write code, still do. c/c++, java, php, js, c#, gdscript, gnawed on sql, sparql, unix/windows etc etc […]
[bridged from https://masto.ai/@GhostOnTheHalfShell on the fediverse by https://fed.brid.gy/ ]
1,034 posts
78 followers
3 following
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@cryptadamist
Billionaires who have for years planned to deliberately destroy the United States are waging war on us from the WH. The coup has already happened. they consolidating their grip and methodically destroying everything involved in the operation of the US, while they’ve only intend to […]
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@cryptadamist
I’d really like to believe that an irritated enough population in the US could find a way to disrupt crypto.
Because I’m think I’m rereading your original article with the full understanding that the foxes are running the chicken coop right now.
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@cryptadamist
“ Cryptocurrency, it seemed to me, was on the verge of harnessing the unstoppable power of human greed to set the wealth of humanity on fire in the globe’s first truly global economic mania”
Actually, and ironically, they would do wonders reducing carbon emissions.
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@cryptadamist
Did you ever get to Dave Troy’s paranoia on parade?
They read that thing although it’s worth a very long Sunday coffee read. It covers the history of the people who took an interest in crypto.
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@cryptadamist
I certainly hope the parties that hold those bonds happen to be from the Middle East.
I’m so ready for that sort of thing. If it was Russia, so much better.
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@cryptadamist
Yes, that was much earlier when in my education. Now these bonds are supposed to be set up in a specific way that the holder will make money, no matter what whether the price of shit goes up or down.
And I don’t have my head, stuck in financial solidly enough to have a good sense […]
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@cryptadamist
It is rather difficult to walk away from any of this, not thinking the world is being controlled by demons from another dimension.
It’s that lunatic
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@cryptadamist
I had no idea when I took up an interest in the world of crypto and started following you because of it.
The only thing that I have seen so far that matches the level of insanity here is the NRx / TESCREAL mythology. That is equally bad shit crazy.
And after hearing about the […]
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@cryptadamist
That principal value is money added to the money supply until the principle is paid down. I will point out that it also puts on the banks balance sheet value that has to come from somewhere else in the economy to pay the interest portion of it.
Now the loan collapses, then the […]
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@cryptadamist
The other aspect I think is worth considering is that the billions of dollars that are being created because that’s what banks do when they create a loan they get an asset on their balance sheet worth the principal plus the interest rate, and they deposit the principal into the […]
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@cryptadamist
I have to imagine most of it is a feeding frenzy, given the state of affairs in the White House.
All of the platform billionaires have their snout stuck so far into this with the deliberate intention of destroying you all governmental currencies everywhere in seizing control of […]
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@GhostOnTheHalfShell
> "but is the act of this single individual nosing up all of bitcoin or is it just his own house of cards here?"
MicroStrategy controls ~3% of bitcoins that might ever exist, but counting lost bitcoins probably closer to 5%. he's hoovering up everything he can buy, raising […]
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Unsurprisingly, it looks like people have figured out the assignment. People are going straight after Palantír
That company and it’s recruiting itself is sickening
https://www.youtube.com/watch?v=yN13Pk-rpI0
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@GhostOnTheHalfShell in fact the FT did a whole documentary on the MicroStrategy situation just a few weeks ago
https://www.youtube.com/watch?v=O_WjH0mqKww
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@cryptadamist
I’d rather gather that’s like FT premium because I don’t catch that reporting, but is the act of this single individual nosing up all of bitcoin or is it just his own house of cards here?
Because he’s been taking out loans to inflate prices, but I guess the real damage will come […]
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@GhostOnTheHalfShell @cryptadamist michael saylor is 100% responsible for flywheeling up the price of bitcoin. it's insane and will go down in history as one of the greatest financial fiascos in history, i'm like 99% certain.
but it's not just me - the mainstream financial press also basically […]
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@DemocracyMattersALot Almost every city in the country, even most mid size towns, had a No Kings protest that was, at least in part, anti-ICE. So no money for anyone?
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@DemocracyMattersALot
Great let’s start talking about a general strike.
Let’s start talking about shutting down big business.
Let’s tell Walmart, Home Depot, Starbucks, Health insurers, Tesla, banks(!), Amazon,Meta to gfy.
They can shut their businesses and get out of Dodge.
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@cryptadamist @mhanson101
And now they discovered the virtues of the pet rock strategy: none of that technological razzle-dazzle, but a true marketing breakthrough!
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@GhostOnTheHalfShell @mhanson101 there's a great blog post or interview somewhere with the architect(s?) of AWS, the world's largest distributed system, on this subject.
tl;dr they're just like "yeah so we kept looking at this stuff and we couldn't figure out a single way it was useful so we […]
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@cryptadamist @mhanson101
Why go to the trouble of minting coins when you have your fingers in the treasury itself.. a nation that issues and spends in its own currency doesn’t use taxes and it doesn’t rely on borrowing to provide itself with money. It is monopoly provider.
And if you own the […]
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@cryptadamist @mhanson101
And as a geek, I would look at a block chain and say my God there are many more mechanisms much more efficient than this god-awful piece of shit.
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@cryptadamist @mhanson101
They have a deal that’s almost as good as running a financial institution.
Ever since QE defense offered interest on reserve funds. QE had the side effect of topping up banks reserves because the fed was busy buying up treasuries with the banks normally did and made a […]
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@GhostOnTheHalfShell @mhanson101 realistically stablecoins are just a way for companies to launch their own "narrow banks" and collect all the interest their depositors would earn.
i just read that starbucks, for instance, carries a balance of $2 billion in unused starbucks […]
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@cryptadamist @mhanson101
Oh fine. The idea of a private chain too also runs contrary to the whole edifice of crypto as being open.
If they know any database manager could do the same thing to a business system.. which I expect the accountant would never let anyone individual be able to do […]
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@GhostOnTheHalfShell @mhanson101 mining coins just doesn't make any sense for stablecoins because you can't mine the dollars that back the token
> "The blockchain doesn’t make any sense to me because the processing power needed. They already have that kind of accounting. It’s called a fucking […]
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@cryptadamist @mhanson101
Yeah, I can’t help him thinking in terms of the original purpose bitcoin was invented for which was to destroy state issued currencies. I reflexively revert to that outlook.
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@cryptadamist @mhanson101
But what happens if they find a way to transact with the currency internally?
I don’t see how that could work out because their net network is based on trading in dollars, but maybe they could be using it to avoid large chunks of taxation somehow
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@cryptadamist @mhanson101
But there is one little oddball idea, rattling around in my head. There seems to be some legislation making its way through Congress to forbid states from regulating crypto of any kind.
So let me ask you is there an angle on the idea of saying oh well we have crypto […]
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@cryptadamist @mhanson101
This is what I would have suspected. Going through the effort, pretending to mine coins involves too many resources for a business.
The blockchain doesn’t make any sense to me because the processing power needed. They already have that kind of accounting. It’s called […]
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@GhostOnTheHalfShell @mhanson101 no, it won't be "mined", it will just be issued as a token.
my hunch is that they might end up using their own private blockchain.
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@cryptadamist
So remember when I posted the other day about this guy windmilling up bitcoin value? He’s getting bank created money using his net worth as collateral Raul for the loan.
In just such a circumstance, you’re making a bet that the acid itself doesn’t suffer a massive price hit.
It […]
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@davidho
When you consider the the carbon in the bio mass of a natural landscape, with their massive web of life, especially the larger body of it underground, in fungal mass, and the hydrological services that biomass provides to manage region’s climate, including all the aerosols and find […]