Financial Ponzi Scheme and the Solution
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A summary of the main points of the video would be highly appreciated
Sound Money Safe Mode Dr Daniel Kim BA/MA/PhD physics (Harvard), MBA (Yale) [other impressive accolades] BTC=bitcoin[surveilance coin] XMR=Monero He volunteers his time to do these presentations for Monero because he believes it is the killer app of Nakamoto Consensus, which is Money.
Pandemic Economy 5:08 [graph showing unprecidented times] Unemployment spiked to highest recorded U6 Gov concerned about deflation, so they printed graph shows MZMmoney supply/gdp shoot to over 100%. [unrelated thought: Mike maloony says over 70% is the end of a fiat currency] more graphs showing insane money printing He was also a doctor i guess and the uncontrolled exponential growth of cancerous tumors reminds him of these graphs. "monetary regiems and inflation" book recounts 29 times of hyperinflation. basically you don't want to be in that country. money printing foreran it ~20/29 times. It occurs when the entire population realizes they don't have confidence in the money anymore.
Independent Scarcity Digital Scarcity Networks describes the difference between centralized and decentralized systems: windowsvslinux, btc/xmrVScentral banks reminds everyone the federal reserve is supposed to say "don't look to us to print money out of thin air because that's not sustainable" little incentive to improve when centralized power is gatekept cathedral and bazaar idea Explains bitcoin's history and brilliance and shortcomings [intesne cryptographic warning, he goes deep. usually you have to pay for this] Explain's monero's improvements over bitcoin's shortcomings [smoother decrease, tail emission(still effectively a hard cap on the amount unless you live forever)
compares monero and bitcoin and fiat and gold and it paints a very dim picture for humanity.
bitcoin's algorithm is too easy and can be ASIC mined, and the makers are all in china. the only machines that can find btc now are china made.
monero took steps to avoid this with more powerful PoW algorithms. it's changed 4 times, monero will continue to evolve to be the best sound money, bitcoin has stagnated [and was taken over by blockstream, but that's a topic for another time]
buying the chinese hardware it takes months to deliver for "testing" while they mine btc with your machine. such is the peril of centralization.
monero has an adaptive block weight to solve the BTC fee problem.
Fungibility vs Mass Surveillance BTC is transparant, etched forever, every transaction, sender, receiver, amount. every address complete live balance history.
puts innocent people and businesses at risk. showstopper for wealthy clients. no one with wealth wants to broadcast to the world, it's indiscreet and unsafe. reputation transfers as well.
Valuation/Getting Involved
Thank you. I am a great believer in Monero.
Good idea. I will watch it again and take notes and repost this when i have time
Fiat is a plague on the world. It's used to siphon off resources and consolidate power.
New tech has emerged that allows the people to make those systems obsolete.
By the way, if anyone wishes to mine Monero with their machines I have written down a step to step guide for idiots (for myself). Just ask on a DM.
It took me a whole weekend to understand how to do it but it is now up and running.
Currency represent motion; labor represents action; the highest value represents ONEs (potential) temporary ability to evaluate ALL (potentiality) within motion aka participation in existence aka life.
Each ONE of us already represents the highest value within ALL of existence, and consent to any substitute value; offered by (((others))) devalues us. We cannot use money (wealth) while ignoring the foundation of value (evaluation)...unless, that very ignorance of self is what allows a few others control over the many within motion.
interesting perspective. that has truth
inspiration; not information.
ONEs choice (free will) based comprehension of ALL perceived inspiration creating ONEs potential within ALL potentiality offered.
Motion represents constant change; truth the "belief" in affixed proclamations made within motion (while ignoring motion). Motion offers ALL information as inspiration to our senses; other ONEs offer us substitute (fictitious) information in exchange for consent to "believe" them, while ignoring the source of ALL information (motion aka reality).
Truth/lie are not natural states within motion. The only thing that cannot change within a system based on constant change (motion) are the rules that define how motion operates (the laws of nature). We are tricked by suggestion (offers) to consent (free will) to uphold fiction (beliefs) while ignoring reality (motion).
https://patentscope2.wipo.int/search/en/detail.jsf;jsessionid=51639C215F39393E6377DD5E00800312?docId=WO2020060606&tab=PCTDESCRIPTION
So, I am looking at my old document files and I have scribed down a whole business idea about this particular plan (but as an idiot did not patent it).
Thank you for bringing it to my attention. There was already a competitor in the market called SweatCoin but I thought that i had the edge on my algorithm.
Could it be that Microsoft scans your files and transmits centrally everything written down in everyone's PC? I need to check my dates. Admittedly I did not think about cryptocurrency back then as mine was algo based.
US20200097951CRYPTOCURRENCY SYSTEM USING BODY ACTIVITY DATA 21.09.2018 Appl.No 16138518 Applicant Microsoft Technology Licensing, LLC Pub.Date 26.03.2020 Pub.Kind A1