garyj

bitcoin and decentralisation is our lifeline

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Last Notes

2024-10-02 22:19:37

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That area of Ukraine is full of Russians. It used to be part of Russia. Odessa and Kharkov, and the rest, were created by Russia. Those people were getting shelled daily by Ukraine Bandera Azov nazis. The Bandera nazis wanted the donbass resources.

2024-09-24 11:13:18

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50 countries vs Russia and Russia is almost at the Dnieper. It will be at the Dnieper before Dec. Ukraine is on its 3rd army already. Zelensky still begging for arms and money, that's what losing looks like. If Ukraine was winning they would not have to seize people off the streets and force them to the front lines. I'll speak to you again in Dec. Sweet dreams.

2024-09-24 05:48:12

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Exactly. These shells are probably going to kill and maim kids. All good for business. This Johnson little boy calls himself a Christian.

2024-09-24 05:42:59

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Defend a govt installed by a coup that has banned elections and a president whose term has expired, by constitution.

2024-09-24 05:30:06

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Read Solzhenitsyn's "200 Years Together" the book that for years was not allowed by the west to be translated into English and is "the most banned book in modern human history". And see what's really going on today.
https://archive.org/details/TwoHundredYearsTogetherByAlexanderSolzhenitsyn

2024-09-23 07:31:29

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This is massive. Within the past 10 days we came within a hair of being wiped out in a nuclear war. It turns out there was a de-facto coup with the military ordering Biden to stand down on authorising long range missile strikes from Ukraine into Russia. This , by the way, was precisely why Russia went to war with Ukraine, Russia could not allow nukes with a 5 minute flying time to Moscow to be deployed in Ukraine. Especially since the USA already has a first strike nuclear doctrine. Would the USA allow Russian nuclear missiles to be deployed to Mexico ?
https://www.zerohedge.com/geopolitical/american-coup

2024-09-20 08:02:47

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Aristotle defined money a few thousand years ago and is pretty much common sense. Money is a commodity that must be :
Divisible, portable, durable, fungible, desireable, relatively scarce , not consumed by industry and maybe , lately , one or two other properties.
The commodity with the most properties of money becomes accepted as money.

2024-08-16 17:38:51

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AI , unless its a gas lighting tool(probably is), will by definition tend to the ordinary. It will become Average Man.

2024-08-12 08:27:46

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Mstr is a debt based leveraged btc position that makes the assumption that there is little or no risk. Margin calls are made for such assumptions. I hope it works out, we need it to work out.

2024-08-11 07:08:19

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I have had debates with people about no countries vs many countries. I am not quite sure which is best. One world govt also doesn't want many countries , just one. On the other hand divide and rule under one global govt requires many countries.

2024-08-07 08:33:22

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"Captured" can mean many things. For example the gold price is captured because the "spot" gold price has nothing to do with spot, it is a paper gold price and is the nearest month derivative price. If you can print unlimited fiat to sell short unlimited (often naked) derivatives then you have captured the price. You can spoof volumes and costs by using off chain trades that may or may not be settled on chain later. Wall st is a spoofing machine and a fractioning of assets(reserves) machine. Its practically all they do.
Which is why I am no fan of ETFs and other financial products based on bitcoin. But they will always exist so we need to get used to that.

2024-08-05 05:09:09

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The yen carry trade , where the lower yen rates vs the dollar were exploited by borrowing yen to buy higher yielding treasuries and pocketing the difference almost risk free , has blown up. This was a huge source of profits for decades in the west, paid for by the productivity of the Japanese salaryman. The west tried to shore up their bombed out balance sheet by seizing Russian resource assets, the richest in the world and then claiming back Chinese manufacturing industries, by war. Plunder and war and financial chicanery is all the west knows. And now its over, the west has lost everything. The shithole will disappear under the waves.

2024-07-31 13:41:02

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"Confessions of an Economic Hitman" John Perkins
That's your answer.

2024-06-27 09:26:37

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The only thing we need to know about economics is that the rules must arise from the bottom up, not the top down. Decentralised from every man and woman making daily economic decisions for their own lives. That is the solution. Dont get confused by the myriad of bollocks words they use for the same top-down control. MMT, CBDC, communism, central banks etc is all different words for the same centrally controlled top-down slavery.

2024-06-17 14:13:03

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My question was actually rhetorical
https://threema.ch/en/faq/server_location
What if a company called twoma offloads the data from threema servers as an offline process, this wont show uo in threemas open source code and then threema does indeed store nothing. Point is I don't trust them

2024-06-17 14:08:07

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Threema has has servers ?

2024-06-17 13:57:50

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Don't trust the Swiss. Protonmail is also open source and they have more han once turned over mail to EU prosecutors. They've just hosted a sham "peace meeting" for Ukraine without inviting Russia lol ! The Swiss are not to be trusted.

2024-05-22 08:09:36

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Mints = trusted 3rd parties are security holes.
However, anything not truly decentralised, and bitcoin is the only truly decentralised coin, will have trusted security holes. These are called shitcoins and shitcoins will have a place for buying coffee and groceries, as long as the risks are understood and accepted. Just the way it's going to be. LN(non custodial wallets) will battle to compete IMO, under bitcoin fee pressure LN failed.

2024-05-13 23:22:57

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"Who gets Access" is not the same question as "what is sound money".
There is a cost to decentralised security. Its one of the iron cast tradeoffs. If you want relatively low cost then lower your security.

2024-05-13 16:38:37

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Sound money is existential. It is a concept expounded and defined by Aristotle and that concept remains valid today. There is only one definition of sound money just as there is only one defn of Pythagoras Theorum.

2024-05-13 10:13:15

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The poster child of "everything to everyone coin" and unbrideled , go-go dev/upgrade is ETH. And ETH is an unholy spaghetti mess. It is almost impossible to run a node, they had to change to POS, nobody seems to even know how many ETH are out there. Is this what we want bitcoin to become because we cannot focus on what bitcoin should be : sound money and only sound money ?

2024-05-13 09:22:41

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This is really important and perhaps not getting enough attention. The go-go devs and upgraders risk killing this project as the attack surface expands exponentially with each upgrade. Many may disagree, but nobody saw monkey jpegs coming out of taproot. The inherent tradeoffs don't seem to be fully appreciated. Decentralisation can't NEVER have the same max throughput as centralisation, it is impossible. Security is the tradeoff. We have to focus like a lazer on Sound Money. This is first , second and nth of what bitcoin must be. It will never be a point of sale commodity payment rail because then it won't be sound money. I am hearing people complaining that bitcoin is not everything they want it to be, it will never be everything, we have to pick what it is and stick to it. Stick to sound money , that is the killer app that hasn't existed for 3000 years and that is what is missing today and chiefly why the world is in such a mess.

2024-05-05 09:09:28

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Xmrbtc getting hammered , long term. Market doesn't like monero vs bitcoin https://image.nostr.build/3ed53724b92be715c2a5d3fe792157db488cce164169c20731b4e7b4b8331eb3.jpg

2024-05-05 07:41:31

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All of what you say is true, except once you take the first inflation step the market never trusts you again. With money its all about trust. Its like tax, once introduced it never gets withdrawn and only gets worse. The market has voted , xmrbtc is plummeting over the long term. Bloated block chain also a factor ? . Use monero as side-chain to spend privately. Imo

2024-05-04 13:21:51

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So, if monero is so good then it can be used as a privacy sidechain to btc, as can perhaps LN. Because , as it stands, xmrbtc is getting hammered. I don't think monero will ever have the first mover network effect, mining power and number of nodes. Also, I don't like tail emissions. Inflation is a distortion of price throughout the economy, leading to malinvestments and economic malaise. No thanks.

2024-05-04 06:06:19

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We need a publicly auditable blockchain. How much gold is in ft Knox ? The public is not allowed to know, the public is not allowed to audit it. For 3000 years we could never audit publicly the base money supply and the movements of the base money. This is the root of our big problems. The govt going beserk with a cartel of money producers because nobody really knows what they are up to.. We have public auditability of money now, for the first time in 3000 years, and this is the big bitcoin breakthrough. We also need personal anonymity and we have that but that's largely up to the individual. The protocol is fine.

2024-04-22 07:35:06

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When does this "you'll own nothing" event happen ? When the $quadrillions derivatives markets collapse. Either under their own weight or they get pulled. Probably the latter. They are still getting their ducks in a row, building their blockchains(SQL databases) , tokenizing(centralizing) all assets and changing the collateral laws so that the banks are first in line(and you're not in the line) to get the collateral. People's heads will spin when they realise what happened.
Not your keys , not your bitcoins.

2024-04-16 05:43:17

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Austrian School missed the bitcoin bus , badly. The incorrect "Regression Theorum" bamboozled them into thinking bitcoin could not be money because it didnt have "intrinsic value" or value as a commodity before it became money. What a shame. Some of them have been waiting since the 1970s for gold to go to the moon.

2024-03-25 09:01:17

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"Haven't explained yet". Ah , the old saw that "science can prove everything, it just needs enough time". Godel proved(proved) that *everything* can never be explained. Never.

2024-03-12 17:39:27

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Nato can no supply ukraine with sufficient arms or troops. No 155mm shells, no capwblr air defense, no capable aircraft, no capable tanks, no answer to hypersonic weapons, no jdams. Nato is a MIC money laundering talking shop, thats why countries join. Russia and Ukraine had a peace plan in Turkey signed and on the table in March 2022 and Nato told them to take it off and continue fighting. The west is hopelessly bankrupt. Nato will not survive this excursion.

2024-03-12 16:47:16

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Minsk treaties skulduggery admitted by Merkle, Hollande, and others. "Nato not one inch east"-James Baker circa 1990. 2014 coup "fuck the EU"-Nuland. Read some history. Get a clue ffs !