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americanscream.bsky.social
Software engineer of 40+ years, semi-retired tech-ethicist, host of the ioRadio podcast and producer of the award-winning documentary, "Blockchain: Innovation or Illusion?" I advocate for ethics in technology and society. Blockchainii.com ioRadio.org
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#SCTP 18 - I've consolidated the previous #18 talking point with another one and used that slot to address another issue: Is #bitcoin really "the most secure network?"

ioRadio #44: Does the Strategic #Bitcoin Reserve make any sense? Let's examine this presentation by Michael Saylor and see how many misleading and fallacious claims he makes? youtu.be/cMa9yHf5wbI #mstr #finance #strategy #bitcoinreserve

Imagine if 16 years ago, Satoshi invented the "shit sandwich" and said it was going to replace our food. Then an administration was elected that promised to make all school lunches shit sandwiches and suspend investigations into whether shit sandwiches taste like shit..

#SCTP 24: Crypto bros love to suggest that an elite cabal controls all finance. Their solution? Let an even less competent, more elite cabal control it instead! reddit.com/r/CryptoReal... #bitcoin #crypto #talkingpoints #fintech

Ironically, one advantage to government being so "bloated" is it's proving more difficult for the fascists in the executive branch to take things over - not impossible, but having checks and balances spread out across so many different departments now makes more sense.

Rule #1 of grifts and fraud: If it really was that lucrative a deal, why are they telling strangers, instead of just keeping it to themselves and scaling their personal operation up? #crypto #bitcoin #scams #ponzi

New #podcast dropped today. Reopened #coal #powerplant running #bitcoin #mining operation outrages residents in #NewYork state. So much for crypto powering "green energy." ioradio.org/2025/03/21/i... #ioRadio

Imagine if the library was forced to accept any publication or else it was considered a violation of "free speech?" It would be filled with advertisements and useless/toxic/misleading propaganda. THAT in a nutshell is what's been happening to the #internet and some social media sites.

People talk a lot about being kind and forgiving to those who wrong you, but being "christ-like" makes more sense if you know three days later you'll come back from the dead.

#Bitcoin is technically, "monetized gullibility."

#SCTP 23: In the #crypto world, usually the best "evidence" people have are personal, un-proven anecdotes about gains, that in all likelihood are fabrications. #bitcoin #blockchain #fraud #scams

#SCTP 22 "Why do you hate crypto?" One of the most popular #crypto talking points, accusing us of "hating" crypto - an emotional appeal when our issues are based on logic, evidence and reason. #bitcoin #blockchain #finance #scams

#SCTP 21 "Crypto is trustless and removes 'middlemen': One of the most egregious lies in all of #crypto is the notion that there are no "middlemen" and transactions are P2P and nobody can mess with your #bitcoin

#SCTP 30: "#bitcoin has failed tons of times - aren't you tired of being wrong about #crypto & #blockchain? Nope, because everything we've said about how crypto is useless is still true.

#SCTP 19 - Pretending #bitcoin's "hashrate" is a sign of security Hash rate != "increased security" like proponents say, but instead, significantly more wastage of energy. It's one of the #crypto industry's many totally useless metrics

#SCTP 18: "#blockchain has potential" 16 years later they're still pretending at some point they'll find a valid "use case" for #crypto. Meanwhile it could disappear tomorrow and nobody except criminals and scammers and degen gamblers would even notice.

#SCTP 17: "#crypto is like stocks" In an effort garner credibility through association, or to suggest it's not any worse, #crypto is often erroneously compared to traditional markets. #bitcoin #blockchain #factchecking #finance #scams

#Crypto is a scam. It really is as stupid as it sounds: 1. Convince people to buy worthless tokens on the premise they'll be valuable. 2. Stupid people drive up price and add liquidity to the market. 3. Operators sell their tokens, take the liquidity, leaving others with worthless tokens.

#SCTP 16: "#Bitcoin is different" As more and more crypto projects reveal they're nothing more than scams, bitcoin bros continue their desperate argument that "#crypto is not bitcoin" and that somehow their ponzi is not a ponzi like the others. This is false. These token schemes are 99.9% the same.

#SCTP 15: "It's still early" #crypto bros have been saying now for 16 years that "#bitcoin is like the Internet" and it "has potential" but still can't point to a single useful thing it does for normal people. It's as old as the iPhone, but look how far the iPhone has come?

#SCTP14: #CBDCs Crypto bros love to suggest that the central banks will be adopting some sort of #blockchain technology called "CBDCs." This is a desperate attempt to suggest their useless technology has use-cases.

#SCTP 13: "Fiat has no intrinsic value either" When #crypto bros are made aware that #bitcoin has no intrinsic value, they point to fiat and say it's the same, but it really isn't in some fundamental ways.

#SCTP 12: #Crypto #market #cap Crypto people love to misappropriate terms from #TradFi and apply them to their digital tokens, despite this not making sense. The term "market capitalization" is one of those abused terms that doesn't have any real meaning when attributed to crypto projects.

In a world filled with #AI, there is no truth; only popularity. The more times AI sees a statement, the higher "weight" it gives that statement.

#SCTP 12: "#MarketCap" Crypto bros misuse a common #TradFi term, "market cap" when they try to impress people over the "value of the market." Market cap in the world of crypto is totally meaningless and misleading. #bitcoin #crypto #finance #tech #wisdom #investing #markets

New podcast just dropped, "WTF Is Going On With MicroStrategy?" We take a dive into #MSTR's blockchain projects and whether they are viable, as well as their crazy new "#Bitcoin #ETF" business model. www.youtube.com/watch?v=NNsL... Look for ioRadio podcast on your favorite platform.

#SCTP 11: Debunking the #myth that #crypto helps "Bank the un-banked" This is particularly important today as the administration has phony discussions about #debanking and how #bitcoin is supposed to fix that, which is totally false. #factchecking #banking #btc #cryptoReality

It's been a rough week for racists.. They took over all 3 branches of the government, but lost the Superbowl halftime show. #SuperBowlHalftime

For years, the NFL has been all about white people letting black people dance on a field for their amusement. And NOW they're complaining? #superbowl #halftime #halftimeshow #kendricklamar

#SCTP 10: Is #Bitcoin "digital gold?" One of the most important counter-arguments against #crypto and its foolish notion that an intangible digital abstraction should be compared to #gold. Do #cryptocurrencies make good #investments? NO and here's why: #investing #factchecking #cryptoReality

At this point, if you're not producing protest content, you're part of the bread and circuses.

Since at this point, #MicroStrategy #exists to fulfill Michael Saylor's obsession with #Bitcoin, why didn't he rename the company to MichaelStrategy? #mstr #crypto #lunatics #investing #fraud #ponzi #cryptoReality #strategy #strategyB #btc

#SCTP 9: Arbitrary Claims #Crypto Bros LOVE to make stuff up. They're prolific at taking traditional words and forging their own nonsensical crypto-related definitions. It's all meaningless and is another form of #Gaslighting #bitcoin #blockchain #btc #fintech #wisdom #finance #tech #cryptoReality

The last time #football really mattered #superbowl

The right are often guilty of what they accuse their opponents of. This is more evidence that this might run more deep than people realize.

#SCTP 8: One of the most common #crypto bro arguments is "so-and-so is using/endorsing/looking into #blockchain" and that's a sign of "success." In reality, this is a distraction from the long history of failed adoption and false promises. #btc #finance #tech #factchecking

#SCTP 6: The argument that #crypto is great for #remittances and helps #bank the #unbanked. A totally false premise that was debunked in my doc at www.youtube.com/watch?v=tspG... #cryptocurrency #blockchain #scam #factchecking #finance #tech #ponzi

#SCTP 6: #Government #Crypto bros love to talk about how evil government is, nevermind it provides virtually everything that makes their modern life safe and comfortable. That #irony is totally lost on them. #cryptocurrency #blockchain #scams #cryptoReality

See Also: The Entire Trump/Republican Administration #trump #government #politics #gop #apd #narcissism #sociopathy #psychopaths #psychology #republicans

It's worth watching, the full video of the Canadian Prime Minister responding to Trump's violation of the free trade bill he himself signed, last time he was in office. www.cbc.ca/news/politic... Trump has no idea, the implications of his poorly conceived plans. #trump #canada #trudeau

#SCTP 5: Discussions about crypto and energy. #Bitcoin uses vast amounts of energy and produces NOTHING of value. The design of #blockchain is absurdly inefficient by any meaningful metric, therefore the only counter-argument crypto bros have is: finance wastes energy too! #crypto #energy

SCTP #4: The foolish notion that just because something is "scarce" that means it will hold or go up in value. Don't let #cryptobros repeat this #myth #crypto #bitcoin #blockchain #fintech #factchecking #mythbusting #tech #btc #doge #cryptocurrency #scams #cryptoReality

One of the biggest #myths in the world of #crypto is the false assumption that monetary #inflation is the main cause of high prices. iNfLaTiOn is the big boogeyman that crypto is supposed to fix, which it doesn't. #bitcoin #blockchain #btc #fintech #wisdom #factchecking #mythbusting #money #eth