Plagiarism and a concerted effort to bury nash's work. Say hello to one of PZ's buddys.


https://www.stephankinsella.com/2023...ist-metaphors/

Nash conceived of a technological advance for money when he began to think of a vector/quality for it that wasn't otherwise illuminated in an economic literature. He knew once our money technology advanced in this regard the vector would start to be revealed to people would who then run into his work once they start to ask what is good money, what is bad money....and thus....what is Ideal Money?

His work was time-locked.

https://www.newsbtc.com/news/is-bitc...l-ddos-attack/

I want us to understand how these fake news sources that PZ keeps referencing manipulate the truth to the casual observer. We need to cite the history of bitcoin and the 1mb block size limit:

The limitation is a security trade-off. There was talk about changing the limit as the system evolves but anyone with brain sees the would be a obvious political exploit. If there is no such limitation then the game theory incentives don't hold. And it allows an attacker to flood the network with transactions.

In other words the block size limit is what PROTECTS the system from a ddos style attack aka a flood for transactions. It is the only thing that protects it from this. This most significant thing. Anyone calling to remove it is a spook.

Transaction fee yesterday to send BTC from one exchange to another was $28 USD. The day before the transaction fee was $5.50 to send between the same 2 exchanges. Yikes!

The courts have mandated that the SEC answer the Coinbase allegations in no more than 10 days.

That was last week. The 10 days is probably by end of this week.

Good resource for current fees: https://mempool.space/

but where's the audit??????????



https://tether.to/en/tethers-latest-...d-allocations/

LOL, they're reviewing a reserve statement prepared by Ether and taken at face value without verifying if any of the statements represent actual, verified accounts.

Conclusion

In our opinion, the CRR as prepared by the management of the Group as of 31 March 2023, is, in all material respects, fairly presented in accordance with the criteria, including Management’s Key Accounting Policies, set out therein.

Scope limitations

Our opinion is limited solely to the CRR and the corresponding consolidated total assets and consolidated total liabilities as of 31 March 2023.

Source: https://assets.ctfassets.net/vyse88c...Tether_CRR.pdf

Just thought I’d say that I think BTC/USD (AKA the crypto complex) is trading lower because of dollar strength resulting from capital flight out of the equities complex…resulting from US debt ceiling fiasco.

Ultimately the debt ceiling stuff should be bullish for BTC. A USD crash as a result of default is bullish and raising the ceiling is bullish.

I’m not sure about repricing gold, but that probably won’t happen. I think that we can get to 24-25k USD pretty easily.

.

They have answered....kind of..

SEC: You have to follow our rules.

Crypto: What are the rules?

SEC: We’re not sure yet, but we’ll let you know once you break them. Also, the public statements made by the head of our agency don’t mean jack ****.

Good luck.

if you are living in reality, which presumably all of you are ....and you are amercian....some of you are....you are thinking well if the world besiges the usd via bitcoin...maybe its a good thing my government starts to create a narrative that includes the favorability of otherwise over reaching law.

Lol ledger, couldn't imagine how P.O'd I'd be having my cold storage on one of their devices right now. Bought 3 S's, but once I saw they were closed source I never fired them up.

hey what percentage of Americans own some crypto? The numbers I'm seeing vary so wildly that it's almost funny. Weirder still is the gap between American and Canadian ownership (which makes me wonder what the USA figure actually is).

The reason I ask, is because it seems like 5%ish of Argentinians own crypto. Their interest rates just hit 97% on 100% inflation. Shouldn't that have been the use case for mass adoption?

Looks like I’ll be searching for a new self-custody wallet.

What do you use?

I’m not interested in a software wallet like Trust.

What do you think about Trezor?

Also, does anyone know how to reverse an unconfirmed LTC transaction? It’s been like a week. The good news is LTC is up 10% since then, and all I was trying to do was deposit Ignition lol. Ended up just going with ETH when the LTC was sitting unconfirmed.

hansmolman suggested a trezor and was happy with it, but I think I am going to coldcard mk4 soon.

Feels like we are slowly whittling down to cold storage hardware devices being btc only or foh, which eliminates trezor.

A guy I follow on Twitter recommended this. Looks quite fancy
https://gridplus.io/products/safe-cards

My interactions at the poker tables make it anywhere from 10-50%. For my non poker playing interactions it is less than 10%.

Also, “ Shouldn't that have been the use case for mass adoption?” I mean, I’m not sure that it works that way. For some people it probably was.

28M Bitcoin addresses hold >$10 each. When you account for exchange balances and other custodial exposure like GBTC, global adoption is probably around 100-200 million. It's still early in the grand scheme of things.

Virtually all of my normie friends that "own" Bitcoin either hold it on an exchange like Coinbase or have GBTC exposure in a Roth or brokerage account. So if global adoption is <2% (150M / 8000M) then I'd say it's probably a few percentage points higher in the US, maybe 4-5%.

I assume you're referring to Ledger Recover. I own a Ledger myself and was starting to get worried, but it seems that it's an optional feature. So if I do nothing, my keys are still as secure as before. Right?

Technically no, but figuratively yes(?). I can't give you a more technical answer, but saw someone explaining that ledger is creating a backdoor attack vector regardless of if you sign up or not, simply by creating the ability to send 'shards' of encrypted data from the device to a destination not under the owner's control. It lost the trustless part.