No doubt it will cause a lot of insulting and name calling.
Will cause cognitive dissonance in some people.
It is a lengthy blog. Almost a book, and it's just the first chapter. A lot to read and a lot of verifiable facts. The person who wrote it obviously did a lot of research.
It will take some time to read. Might want to get comfortable, or make a pot of coffee.
Read on David. Think of the filler like a newspaper, which has a lot. Ignore the filler and focus on the information. It's there. Enjoy. The person is an engineer in computer science.
I invest in crypto. There are shit coins but there are many that are trying to solve issues in various categories like supply chain, transactions, business loans etc...Just research, its another way to invest.
Offer (bitcoin) followed by contradiction creates a conflict of reason (truth versus false); which means one offer creates control over two sides fighting against each other about the validity of their own beliefs towards the offer.
Offer belief (fiction); cause divide (reason); gain control (over ignored reality).
Look where technology has brought us. Ted was right.
Steam engines, electricity, and similar technologies have destroyed human society, and ruined our world. We should, in fact, still be using "good old fashioned" sailboats, horses, and doing things for ourselves.
It's the ease of living that first created the parasites, then allowed them to take over our societies.
Oops, shed my last vehicle over 15 years ago. But going to live with the Amish would be as selfish as continuing to actively support this corruption. I'm obviously not holding myself up as a person unimpacted by the existence of technology on this planet.
How do you propose to control technology, when its very existence changes us into what we are today? What kind of control are you going to exercise to get rid of 'electronic money', cell phones, AI, nuclear power plants, electrical grids, and the extra 5 billion people technology has enabled?
We are destroying our biome, after already having destroyed our humanity. Imo, it was a huge mistake to compromise our integrity as a species.
I don't know, man. You're already here and not twitter, so that's something.
its very existence changes us into what we are today?
I don't agree with your premise. I think it's both a weapon and a tool, depending on how you use it. I think it just makes the newspapers (intelligence agencies) job easier.
I don't think we need to get rid of electronic money or mobile devices, what we ought to do is be damned careful with how they are implemented.
We are destroying our biome
That's not very obvious and if true has been happening before the development of the transistor
Again, I can't really disagree. We're between a rock and a hard place. I think there's a very real possiblity that it is an ET control mechanism. Like the visitors at the flight school or whatever in africa told those kids
I can hold land in my hand. A tangible asset with intrinsic value. Cannot hold binary code in my hand. COSTS associated with it on the front end. COSTS are liabilities. An intangible liability. Intangible liabilities have zero value.
You hold private keys. Just as everyone does in the trust. If you believe your own mind holds value, then you can equally place value in data held outside your skull.
A computer reads one's and zero's, or binary code. It is the best language for speed and efficiency for computer computation. The decimal code slows the processing power down. EVERYTHING is code to a computer. You input John Doe. A computer translates that into one's and zero's. It's JS if/else, true/ false.
Binary code is used in encryption and decryption. It is the only language computers know. All programming languages like html. CSS, C++, Python, php get translated into binary by the computer. Even numerical values.
People are buying crypto because it's going up. And the more it goes up the more people buy it. Typical momentum trade. But this can have violent reversals. Crypto is a bubble and can pop at any time. Look at dogecoin. It was started as a joke crypto and has since sky rocketed in value. But the truth is dogecoin and Bitcoin are not fundamentally different. Only Bitcoin was more popular first. There are something like 6000 crypto currencies now. The fact there are so many is detrimental to the success of crypto currencies. Gold worked as money because it was rare enough but also unique enough. It doesn't have 6000 substitutes. Maybe palladium and platinum but that's basically it.
Diversity. Crypto is only one avenue. In short, people are just trying to find some place to put their money where inflation doesn't destroy it.
And Taleb is 1/2 wrong about land. Yes, it has intrinsic value. You don't really "buy" a piece of land. You borrow at interest from the bank, and hope the property taxes don't go up to much.
It's also a boomer ponzi scheme that your house is worth more every year.
The following link will undoubtedly step on a lot of peoples toes.
https://www.mybloggertricks.com/2018/06/bitcoin-is-scam.html
No doubt it will cause a lot of insulting and name calling.
Will cause cognitive dissonance in some people.
It is a lengthy blog. Almost a book, and it's just the first chapter. A lot to read and a lot of verifiable facts. The person who wrote it obviously did a lot of research.
It will take some time to read. Might want to get comfortable, or make a pot of coffee.
That said, enjoy!
I'd give him the benefit of the doubt on the word 'scam', but it's certainly one of the great evils in the world today.
Seems like a lot of filler
Read on David. Think of the filler like a newspaper, which has a lot. Ignore the filler and focus on the information. It's there. Enjoy. The person is an engineer in computer science.
It is the anti bible of Bitcoin.
I invest in crypto. There are shit coins but there are many that are trying to solve issues in various categories like supply chain, transactions, business loans etc...Just research, its another way to invest.
Offer (bitcoin) followed by contradiction creates a conflict of reason (truth versus false); which means one offer creates control over two sides fighting against each other about the validity of their own beliefs towards the offer.
Offer belief (fiction); cause divide (reason); gain control (over ignored reality).
Ponzi schemes are inflationary. Bitcoin is deflationary. It is priced to match it rarity,
Warren Buffet calls it absolutely ridiculous and a bad idea. But what does he know? He's only Warren Buffet. Personal worth of 85B.
Warren Buffet is Bill Gates friend,so I wouldn't trust this rich bastard a bit.
People said the same of steam engines over "good old fashioned" sailboats and horse drawn carriages.
We will never have another gold standard in the US. Fiat is fiat
Look where technology has brought us. Ted was right.
Steam engines, electricity, and similar technologies have destroyed human society, and ruined our world. We should, in fact, still be using "good old fashioned" sailboats, horses, and doing things for ourselves.
It's the ease of living that first created the parasites, then allowed them to take over our societies.
So go live in a van down by the river. Stop typing on your spaceman box and live like amish.
You're not necessarily wrong. It's more that we need to control technology instead of allowing it to control us
*typed from my van down by the river.
Oops, shed my last vehicle over 15 years ago. But going to live with the Amish would be as selfish as continuing to actively support this corruption. I'm obviously not holding myself up as a person unimpacted by the existence of technology on this planet.
How do you propose to control technology, when its very existence changes us into what we are today? What kind of control are you going to exercise to get rid of 'electronic money', cell phones, AI, nuclear power plants, electrical grids, and the extra 5 billion people technology has enabled?
We are destroying our biome, after already having destroyed our humanity. Imo, it was a huge mistake to compromise our integrity as a species.
I don't know, man. You're already here and not twitter, so that's something.
I don't agree with your premise. I think it's both a weapon and a tool, depending on how you use it. I think it just makes the newspapers (intelligence agencies) job easier.
I don't think we need to get rid of electronic money or mobile devices, what we ought to do is be damned careful with how they are implemented.
That's not very obvious and if true has been happening before the development of the transistor
Again, I can't really disagree. We're between a rock and a hard place. I think there's a very real possiblity that it is an ET control mechanism. Like the visitors at the flight school or whatever in africa told those kids
Warren Buffet and his billionaire caval have ties to the Rothschilds who own the Federal Reserve. They are the banking cartel.
I can hold land in my hand. A tangible asset with intrinsic value. Cannot hold binary code in my hand. COSTS associated with it on the front end. COSTS are liabilities. An intangible liability. Intangible liabilities have zero value.
You hold private keys. Just as everyone does in the trust. If you believe your own mind holds value, then you can equally place value in data held outside your skull.
To a computer everything is binary...even your keys.
You are going to have to elaborate on this. As it stands, it is without meaning.
A computer reads one's and zero's, or binary code. It is the best language for speed and efficiency for computer computation. The decimal code slows the processing power down. EVERYTHING is code to a computer. You input John Doe. A computer translates that into one's and zero's. It's JS if/else, true/ false.
Binary code is used in encryption and decryption. It is the only language computers know. All programming languages like html. CSS, C++, Python, php get translated into binary by the computer. Even numerical values.
I need you to tell me how that is relevant.
You need to learn how computers function. ALL computers simply understand one's and zero's.
From the Commodore, Macintosh, to super computers. It is simply one's and zero's.
If you cannot understand this simplified explanation, then, please do some homework.
Not being a smartass, okay?
It is as relevant as computers are.
Binary code, one's and zero's, is the universal language of any computer.
Are your keys physical? No. Your keys are made up of one's and zero's. Binary code.
Anything computer related is binary. Fact not fiction.
People are buying crypto because it's going up. And the more it goes up the more people buy it. Typical momentum trade. But this can have violent reversals. Crypto is a bubble and can pop at any time. Look at dogecoin. It was started as a joke crypto and has since sky rocketed in value. But the truth is dogecoin and Bitcoin are not fundamentally different. Only Bitcoin was more popular first. There are something like 6000 crypto currencies now. The fact there are so many is detrimental to the success of crypto currencies. Gold worked as money because it was rare enough but also unique enough. It doesn't have 6000 substitutes. Maybe palladium and platinum but that's basically it.
Hidden in plain sight: B it coin, say it slowly and loud: a curse: Bee it Coin= it shall be coin= it shall be money= fiat money. Lol.
Diversity. Crypto is only one avenue. In short, people are just trying to find some place to put their money where inflation doesn't destroy it.
And Taleb is 1/2 wrong about land. Yes, it has intrinsic value. You don't really "buy" a piece of land. You borrow at interest from the bank, and hope the property taxes don't go up to much.
It's also a boomer ponzi scheme that your house is worth more every year.