The news cycle has already stopped giving a fuck -I think. 

Sun Feb 22 2026 18:10:51 UTC from DarfWader

Its classic distraction for the unwashed masses. 

 

Its classic distraction for the unwashed masses. 

Fri Feb 20 2026 01:43:39 UTC from IGnatius T Foobar

Is it bad that I neither know nor care who this Guthrie character is?

I had to dig deep to find out why this kept coming up in my life. Someone's mom got abducted and, if it were our mom, the press wouldn't care? 

Fri Feb 20 2026 01:43:39 UTC from IGnatiI had to us T Foobar

Is it bad that I neither know nor care who this Guthrie character is?

Is it bad that I neither know nor care who this Guthrie character is?

Got a bad feeling about this.  We are going to end up getting 'private crypto' banned here soon. Only 'federally controlled' crypto will be allowed.  And cash eradicated for the same reason.. "it can be used in a crime".  How does the saying go? " never miss an opportunity to exploit an event"  ( or something like that anyway ). And due to the latest move in 'federal crypto' that happened recently... Its setting the stage.

News headline:

"Bitcoin demand in Nancy Guthrie disappearance shows how crypto is becoming a more frequent feature of physical crimes"

"trump's family makes billions off his meme coin"

Ya. Scum. Just like the rest of DC.

And related, some higher up in the banking industry is out on tour "stop buying cypto, invest in guns and bullets instead".  I have mixed feelings about that.  On one hand as an insider, so he might actually know something we dont, but on the other hand, may just be trying to steer people back to banks where he makes his millions..

Fri May 23 2025 23:29:09 UTCfrom Nurb432

Odd. I had android on my pinephone. Once, just to play with.

( original model, not a the newer RK3399 one )

 

GloDroid never reached a stable release. They appeared to want to attract the attention of the developers of LineageOS but never became a blip on the radar.

Odd. I had android on my pinephone. Once, just to play with.

( original model, not a the newer RK3399 one )

Fri May 23 2025 23:06:22 UTC from SamuraiCrow

 

Fri May 23 2025 21:49:31 UTCfrom Nurb432

I might go with a Linux phone instead.. de-googleing android cripples it far to much for me.  ( to be fair, Android was built for google services since its part of their ecosystem, nothing really nefarious going on, so when you remove them, it does hurt )

Normally, I would also agree but the power management on even degoogled android is so much better than Linux Touch. The one advantage of Linux Touch is that it would be easier to add a more secure driver setup using L4Linux. The drivers would need to be rewritten to work on the L4Re microkernel but anything user-mode would still run on the hosted Linux kernel.

On the other hand, I already have a PinePhone so I could try it out before going to the final edition Brax3 Phone. Brax3 will work with either Linux Touch or degoogled Android. PinePhone only works with Linux and a few other esoteric options like SculptOS. Not to mention that with the heavy encryption load of I2P and whatever Crypto exchange in use, a slow quad-core like the PinePhone wouldn't hold up well against an octacore like the Brax3.

Tying this into the current forum subject, what Crypto exchanges are available in FDroid app store? If it can't work from degoogled Android, I may have to switch to Linux Touch anyway!

(If we need to move the technical aspects of this thread to another forum, I'm fine with that.)

Tying this into the current forum subject, what Crypto exchanges are available in FDroid app store? If it can't work from degoogled Android, I may have to switch to Linux Touch anyway!

Answering my own question, https://f-droid.org/en/packages/com.vgorcum.minedmonero/ seems to work for the privacy oriented Monero coin and Veil seemed to be privacy focused as well on F-Droid. Are there better crypto coins for privacy and independent of government meddling?

Fri May 23 2025 21:49:31 UTCfrom Nurb432

I might go with a Linux phone instead.. de-googleing android cripples it far to much for me.  ( to be fair, Android was built for google services since its part of their ecosystem, nothing really nefarious going on, so when you remove them, it does hurt )

I might go with a Linux phone instead.. de-googleing android cripples it far to much for me.  ( to be fair, Android was built for google services since its part of their ecosystem, nothing really nefarious going on, so when you remove them, it does hurt )

Fri May 23 2025 21:20:31 UTC from SamuraiCrow

 

Great! I was hoping to make an I2P encrypted phone using degoogled Android as a base. The one thing communist dictators and Islamic mullahs have in common is propaganda warfare that can only exist in an echo chamber. If you have any tips, feel free to private message me.

Fri May 23 2025 17:50:59 UTC from IGnatius T Foobar

That's really what I see as the real value of crypto.  It's a fiat currency, but there is no government who has access to manipulate the money supply.

I was having this conversation with the lead pastor of my church the other day.  He's doing his dissertation on the ethics of cryptocurrency use in corrupt developing countries (spoiler alert: he's in favor of it).  Having previously been a missionary in [redacted] he often found that crypto was the only way to get resources over to people who really needed them.  Turns out he's hip to the darknet too.  He got about a million times cooler from my point of view after that conversation.

Great! I was hoping to make an I2P encrypted phone using degoogled Android as a base. The one thing communist dictators and Islamic mullahs have in common is propaganda warfare that can only exist in an echo chamber. If you have any tips, feel free to private message me.

That's really what I see as the real value of crypto.  It's a fiat currency, but there is no government who has access to manipulate the money supply.

I was having this conversation with the lead pastor of my church the other day.  He's doing his dissertation on the ethics of cryptocurrency use in corrupt developing countries (spoiler alert: he's in favor of it).  Having previously been a missionary in [redacted] he often found that crypto was the only way to get resources over to people who really needed them.  Turns out he's hip to the darknet too.  He got about a million times cooler from my point of view after that conversation.

One advantage of non-governmental crypto is the government cant stick their finger in the pie.  As long as all your dealings are on an open blockchain, the government can F-off.       ( now, if they control the chain, all bets are off of course )

Sure, i agree its a lot like your game tokens and is really abstract, but it isn't a total dead end if everyone is willing to play along. And really, even hard tangible objects, values do fluctuate and can even become illegal to possess.. Like when Roosevelt made personal ownership of gold illegal, for some 40 years... 

Could we just skip the pump and go straight to dump? Please?

First money was made out of jewelry raw materials. Then we went to wallpaper raw materials. Now we're leaving cheap plastic in favor of video game raw-materials. How far downhill do we even need to go?

Pump and dump.

Sat Apr 19 2025 16:22:23 UTC from IGnatius T Foobar

I wish I understood how meme coins work. From looking it up I still can't tell. Can someone explain it to me in layman terms?

According to Tokenomist, the TRUMP meme coin is set to release 40 million tokens worth around $334 million on April 18. This is 20% of the total supply of tokens. The unlock is the largest dollar-value token release and also one of the largest unlocks in terms of total supply percentage.

Source: https://shorturl.at/HUmWW

When i bought my little car from its original owner, i paid cash. ~7k.   Didn't think about it until afterward.  "if i got stopped, i wonder if they would believe me"   Shocked the guy too, " i was expecting a check or something"   Tho this was some 20 years ago.. when people still knew what a check was...  The 2nd one of those i bought, cash then too.. but was only about 3k since it had a few miles on it. 

When i got my jeep, i just took out a loan, then paid it off after a couple of payments.  Safer and fewer questions.  ( tho it was an actual jeep dealer not some random dude, so wasn't expecting to get held up or something )

Of course in 2025, a pocket of cash: "officer,  i just wanted to buy a tank of gas and a sandwich on the way home"

Mon Mar 24 2025 21:20:04 UTC from IGnatius T Foobar

Yeah. If you're carrying a lot of money, you're automatically assumed to be buying or selling drugs.

Tue Feb 18 2025 14:38:33 UTC from IGnatius T Foobar

Revocation of a bill's legal tender status is unlikely.  A $100 bill will always be worth $100.  Worst that happens is that they go out of circulation for everyday use and if you find one in a box in grandma's attic you might have to go to a bank or some other place that can authenticate it instead of using it to pay for a couple of meals at the McBurger's store.

We're already at a point in history where large amounts of hard currency are automatically considered suspect.  Denominations of coins or bills doesn't really figure into it.

We have *always* been at that point, at the very least, since the "War on Drugs".  Anyone carrying more than a few hundred dollars cash, is immediately subjected to seizure, if the cops can find a way to stop them.  And the cops have whatever leeway they want.

You want to drive from the east to Las Vegas to play in the World Series of Poker?  Better not drive through Iowa, if you do, stick to the speed limit, or by the time you get to Vegas, you'll have all your buyins confiscated.

They will force banks to withhold any that come in, and if you pay with one, you get flagged. And wont make any more either. 

I dont think this is about 'the 100 dollar bill' so much as vilifying cash.  Get people to accept what is coming.  Start with the higher bills,  'ooo they are evil' then work your way down. Much like they have been trying to do with arms.. 'ooo scary black rifles' then if we eventually accept that, then its 'oooh scary long barrels'. then on to the next thing to ban.

Tue Feb 18 2025 14:38:33 UTC from IGnatius T Foobar

Revocation of a bill's legal tender status is unlikely.  A $100 bill will always be worth $100.  Worst that happens is that they go out of circulation for everyday use and if you find one in a box in grandma's attic you might have to go to a bank or some other place that can authenticate it instead of using it to pay for a couple of meals at the McBurger's store.

We're already at a point in history where large amounts of hard currency are automatically considered suspect.  Denominations of coins or bills doesn't really figure into it.

Revocation of a bill's legal tender status is unlikely.  A $100 bill will always be worth $100.  Worst that happens is that they go out of circulation for everyday use and if you find one in a box in grandma's attic you might have to go to a bank or some other place that can authenticate it instead of using it to pay for a couple of meals at the McBurger's store.

We're already at a point in history where large amounts of hard currency are automatically considered suspect.  Denominations of coins or bills doesn't really figure into it.

Pennies are now gone.  Serfs dont need those.  ( unless the order is overridden, really thought congress had to do that )

100 dollar bills may be banned soon, and its being worked on. " People hoard them instead of putting them in the bank where money belongs, and people use them for illicit purposes" . If that happens, we will see mandated digital federal crypto in a year.

LoL

Trump announced memecoins for himself and his wife.    They are valued at nearly 60 billion ( subject to change of course as market fluctuates )

lol

But always remember the best sarcasm is based on fact...

Sun Jul 21 2024 12:45:45 EDT from nonservator

Life imitates the Babylon Bee more every day

Life imitates the Babylon Bee more every day

Seems like an odd statement, attitude. Its not like its a car or something. Just hope hes not thinking a government controlled crypto supply/distribution is a good thing.  Its not.

"Donald Trump Says He Wants All Remaining Bitcoin to Be 'Made in USA'"

Nah, its just an ASIC component on chip to do dedicated neural calculations faster than with a CPU/GPU. 

Now if you want to talk about some of the software that is being bundled with windows that uses it to speed things up, sure, but an NPU/TPU on its own, is just some go-fast silicon. 

Wed Jun 26 2024 14:37:35 EDT from IGnatius T Foobar

That RK has a ( currently ) under utilized NPU on it.  That is where i was headed, i agree the GPU is not up for that task, but its NPU fills that gap.   While T/NPUs are mainly geared towards AI and not Crypto, they can do both as it is similar.  Of course, in crypto if its not ASIC  you are peeing in the ocean at this point.   And in AI wrld, N/TPU is that asic component.

The purpose of an onboard NPU is for "them" to eavesdrop your device downstream of any end-to-end encrypted apps you might be using.

That's why the case for open source operating systems is stronger than ever.  Unless you trust Apple, Google, Microsoft, and the CIA/CCP ...  :) 

That RK has a ( currently ) under utilized NPU on it.  That is where i was headed, i agree the GPU is not up for that task, but its NPU fills that gap.   While T/NPUs are mainly geared towards AI and not Crypto, they can do both as it is similar.  Of course, in crypto if its not ASIC  you are peeing in the ocean at this point.   And in AI wrld, N/TPU is that asic component.

The purpose of an onboard NPU is for "them" to eavesdrop your device downstream of any end-to-end encrypted apps you might be using.

That's why the case for open source operating systems is stronger than ever.  Unless you trust Apple, Google, Microsoft, and the CIA/CCP ...  :) 

That RK has a ( currently ) under utilized NPU on it.  That is where i was headed, i agree the GPU is not up for that task, but its NPU fills that gap.   While T/NPUs are mainly geared towards AI and not Crypto, they can do both as it is similar.  Of course, in crypto if its not ASIC  you are peeing in the ocean at this point.   And in AI wrld, N/TPU is that asic component.

A100s are basically 100% GPU . As is the older Tesla i have.  Their host PC is just there for i/o really. 

My lite coin miners, similar, they are 100% ASIC with a tiny arm board for i/o to the real world.

Thu Nov 23 2023 13:11:12 EST from IGnatius T Foobar

*cough* RK3588 *cough*  :)

Yes, I absolutely adore my RK3588 with the CPU and GPU on the same die, but that's not what I was referring to here.

When doing math-heavy jobs such as cryptomining and "AI" inference, it's all about the GPU density, the CPU is just there as an orchestrator and it isn't doing much other than feeding data to the workers. And so there are now modules (I'll find a spec for one if I can) that are basically all GPU, with some memory on the board, and a few ARM cores, to make it a "full" computer instead of a peripheral that needs to be installed "in" a computer.

*cough* RK3588 *cough*  :)

( and latest RISC-V too )

Mon Oct 09 2023 09:17:37 EDT from IGnatius T Foobar

There's a lot happening and everyone wants a piece of it.

They even have some modules coming out where the CPU and RAM are on the same die as the GPU/TPU. Tiny little ARM processors to handle the administrative workload of a compute job while the GPU/TPU do the heavy lifting. Quite amusing to see the cart before the horse on purpose.

link for reference 

"New SambaNova chip designed to handle 5 trillion parameter model" -> https://techcrunch.com/2023/09/19/new-sambanova-chip-designed-to-handle-5-trillion-parameter-model/amp/

Don't be so sure. TPUs may eat NVIDIA in the next year or so. 

Sure, GPU does well since its parallel, but its still not 'targeted' to AI. TPUs are.. and they are scary fast since they are ASICs.  And, getting cheaper/bigger by the month. They started out cheaper 1:1 for smaller use cases, but model size is still a factor.  However, I read about one just this week that was just announced that can do a 5 Trillion sized transformer model in one pass.

And Crypto, that ship sailed a long time ago. Go ASIC or go home. 

Sat Sep 23 2023 20:12:27 EDT from IGnatius T Foobar

Between all of the cryptocurrency and "AI" (not really AI) stuff ... it's clear that Nvidia will be the rulers of the planet by the end of the decade.

Crypto  ( since we are in the crypto room .. :) )

Sat Jul 29 2023 10:23:44 AM EDT from darknetuser

2023-07-29 08:00 from Nurb432
So the openAI dude made his own this week..  

not that i would trust it at all.   But i guess all the regulators
are freaking out now .   Would not surprise me if it causes
legislation/regulation.

Made his own... what?

So the openAI dude made his own this week..  

not that i would trust it at all.   But i guess all the regulators are freaking out now .   Would not surprise me if it causes legislation/regulation.

Who is to say you haven't?

On the internet, no one has to know you are a cat... ( or something like that :) )  

Sat Jul 15 2023 12:50:11 PM EDT from LadySerenaKitty

If that were true I'd have shed my hooman form a long time ago.

Sat Jul 15 2023 12:13:29 EDT from IGnatius T Foobar

We learned from watching television that if a human takes veterinary meds, they will turn into the species that the meds were intended for. That's a complete truism, right? ;)

 

If that were true I'd have shed my hooman form a long time ago.

Sat Jul 15 2023 12:13:29 EDT from IGnatius T Foobar

We learned from watching television that if a human takes veterinary meds, they will turn into the species that the meds were intended for. That's a complete truism, right? ;)

Even tho we started as a rural community, they have outlawed "farm animals" in most of the city, even as pets. Have to be specifically zoned for farm to do it ( and much of that is now gone, which i rant about often )  Another reason i want to move. not that i want a bunch of chickens in my yard or something, but its the principle that i should have the option, as long as i dont interfere with anyone else.

Same way up in the big town north ( Indy )

Wed Mar 08 2023 09:55:11 AM EST from darknetuser

I have been laundering my own cash for a while and turning it into non-liquid assets. The rationale is that when shit hits the fan, it is money the first thing they take. Hens and geese and the like, on the other hand, are productive, can be exchaged, and are not registered (actually, they are supposed to be, but I am not going to register any of my animals, and nobody in my town will).

I would agree until now.. They just proved they can do with with crypo too, even more anonymous ..  That recent mess with the dude that funded the DNC with billions of crypto, that FTX stuff.

Wed Mar 08 2023 09:55:11 AM EST from darknetuser

I don't believe cash will be crushed soon, if just because politicians themselves need it for their dirty deals. They are not going to ruin their own underground activities so easily. Still, I foresee a drastic drop of the value of money and I think one should braze for it, if just for different reasons.

While you will lose a % when the forced conversion happens, you will still be able to 'live' afterward, just with zero anonymity, and far less freedom, if you play by the rules.

But to answer the question:

• Pay off outstanding bills that can effect livelihood ( like mortgage )

Stocking up on :

• Food ( do this anyway.. but if the transition is sudden, may be more important )
• Precious metals ( bartering )
• General bartering goods like booze and cigarettes
• Ammo ( will end up being restricted soon, watch what the credit card companies are doing now with tracking purchasing of guns and ammo ... preparing )
• Anything else that will become 'dis-allowed' when this all goes down ( anything that conflicts with ESG, for starters )

• Have some crypto anyway, as even if its blocked from 'cash out' transactions and exchanges are banned, its going to be hard to ban the concept in a practical sense. It will go underground and be a barter system.

Sun Mar 05 2023 11:50:45 AM EST from zelgomer

If you truly believe this, what are you doing to prepare?

The inevitable shutdown of private crypto is upon us and force us to use theirs. Its not just them monitoring what we do, its total control of our funds by the government as all transfers have to go thru their exchange and no peer-to-peer transactions. Cash will be outlawed soon.

https://www.gibsondunn.com/the-biden-administrations-digital-assets-executive-order-and-its-implications/  

To me its still a scam.  Even if it was to move money into a slush fund, AND to give crypto a bad name to help enact more laws.

For me something built for nefarious reasons = scam

WThu Nov 24 2022 01:08:35 PM EST from IGnatius T Foobar

It isn't a scam; it worked exactly the way they built it. Tax dollars go to Ukraine, Ukraine diverts it into FTX, FTX pays out to the personal accounts of the people who sent the tax dollars, who use it for their reelection campaigns.
Perfect in every way, right?

ftx.. what a scam.

I dont think it is at this point. Or they would not be so hell bent on eradicating it.  

Sat Sep 24 2022 06:50:05 PM EDT from zelgomer

Enter my problem with crypto: don't we have to assume it all is? The ledger works based on this voting system. What guards it from sybil attack? Who controls most of the ledger? How do we really know it isn't China?

Unless its a government controlled crypto.  

Sat Sep 24 2022 03:08:31 PM EDT from IGnatius T Foobar

 all currency should move to crypto. 

Told ya.. its coming.  Federally controlled crypto:   https://www.investopedia.com/inside-the-new-white-house-framework-for-regulating-digital-assets-6674517

"and laws against unlicensed money transmitting" 

Will be mandated by the time this term is over.

Linux foundation is wanting to create some 'universal open crypto wallet thing'. Just in time for crypto to be banned, except for government controlled ones.

The quick rich crowd about ruined crypto.

And speaking of, having issues with the current wallet i use, its not picking up recent transactions ( which i have validated on the blockchain, they happened, and they didnt get stolen back out ) .. So going to change.   But, opinions on import /vs/ sweep are welcome.

( and ya, did the typical refresh, reload, even a new install on a 2nd machine.. no luck.)

Tue Jun 14 2022 09:06:11 AM EDT from IGnatius T Foobar

That is, in my opinion, the more important part. The value of crypto as a commodity is, from what I've heard, currently suffering from a crash. I don't really care, because the get-rich-quick stuff doesn't interest me. I just want control of the fiat out of the hands of the governments.

I support both really. 

None of the government's business what i buy/sell.  And since they cant properly manage fiat ...

That is why we have monero.  So far, its not been broken.

not only that... once they find you on the grid, they have infinite "rewind" of the video (ISR).  they map the path you took to get where you caught their attention. AI is used to "cursor" you from then on.

Sat Apr 16 2022 03:13:57 AM EDT from ParanoidDelusions

What is, anymore? 

They have eyes in the sky watching entire cities, and once they find you on that grid, they can track every move you make. Of course, WE empowered them with that technology. 

 

Thu Apr 14 2022 17:43:57 EDT from Nurb432

Yes, private, but not totally un-traceable.  ( at least not that i have seen )

 

 

 

What is, anymore? 

They have eyes in the sky watching entire cities, and once they find you on that grid, they can track every move you make. Of course, WE empowered them with that technology. 

Thu Apr 14 2022 17:43:57 EDT from Nurb432

Yes, private, but not totally un-traceable.  ( at least not that i have seen )

 

 

Yes, private, but not totally un-traceable.  ( at least not that i have seen )

> revoking the government's license to print money

Yes, that is the objective here.

However, if used correctly Bitcoin can be somewhat private.

If you use the right wallet, every transaction you make will have a new public address. It's not like Monero, but a lot better then CBDCs or even ETHer.

But, mining isn't illegal, yet. Just creating it isn't laundering anything. 

I suppose might be 'security thru obscurity' so no one breaks into steal miners ( or change configs.. ) but in general there is no reason to hide it.  In a few years, perhaps.. 

Fri Mar 11 2022 06:55:31 PM EST from ParanoidDelusions

You understand why they run them in a ghost hotel, right? Because the power consumption *looks* like a fully booked hotel, and they have a built in laundering method - 

Problem with bitcoin ( and similar ) is its not truly anonymous. The ledger is traceable. It was never designed to be anonymous.

Monero, is not traceable, only verifiable.  *that* one the governments really hate.

That whole McAfee in a Russian "ghost hotel" where they were mining bitcoin... 

Bitcoin *is* the currency of the underground. That is the excuse they'll use to shut it down. Terrorism, human trafficking, drugs , arms dealing, everything on the darkweb is bought with crypto. 

The people who own and trade the most in crypto are not Linux MMORPG neckbeards running crypto-mining setups in their home who will brag to you about how they made $150,000. 

You understand why they run them in a ghost hotel, right? Because the power consumption *looks* like a fully booked hotel, and they have a built in laundering method - the rooms are always booked, the hotel is always at full occupancy, the electrical is always high enough that it makes sense - but there isn't ANYONE there. 

Except for John McAfee and a Russian who is actually a Ukrainian - who runs the machines. 

Some crypto is centralized but all the popular public ones, are not.  Remember too not all crypo is about 'money'. So it gets sort of fuzzy.

Only reason they have not come down hard yet, is it serves a purpose still.  i think part of it was to get people used to the idea with zero risk on their part, then swoop in and create their own after general 'acceptance' of the concept. Another is i bet many in the legislature see it as get rich scheme once people started playing futures games with it ( which ruined it my opinion ), or safe parking of funds outside prying eyes.  Plus its hard to stop. Sure, they can ban exchanges, but they cant easily ban crypto itself. Just means you cant convert it into fiat easily.  But stopping a hooker from accepting coin for a BJ is about impossible. 

Even where i work, we are trying to figure out ways to incorporate blockchain to protect citizen data, in a transparent sort of way.

Fri Mar 11 2022 01:52:27 PM EST from IGnatius T Foobar

That's the exact value of crypto, or at least decentralized crypto. I read somewhere that only Bitcoin is decentralized and every other crypto is controlled by someone -- is that true? It would seem that the real value is in having a truly neutral currency that a bad actor such as the US government cannot inflate.

I'm surprised they haven't come down hard on it already, using some flimsy excuse like counterfeiting laws or somesuch. I trust the blockchain more than I trust the government.

They were already on a crusade against it. That may be exactly what this is about. They don't like Crypto because it is an economy they can't control through central banking - whereas Russia loves Crypto for that exact reason. 

Tue Mar 01 2022 17:16:35 EST from Nurb432

crypto crackdown coming.    Russia is going to get around being shut out of SWIFT by using crypto..    dont let a crisis go to waste. 

crypto crackdown coming.    Russia is going to get around being shut out of SWIFT by using crypto..    dont let a crisis go to waste. 

They're convincing the youth that NFTs are a bad idea, too. They've already got a strong anti NFT movement going with the youth - and their... idealistic about it - you can't reason with them about how NFTs make sense in a virtualized world and actually empower creators to be able to transfer ownership of items they create. 

I use sim racing as an example. Without NFTs - you can just COPY and alter a vehicles code... for free - so there is nothing at stake - because there is no INVESTMENT. 

But with NFTs - you can actually build all the components - and in order to be able to be assembled into a sim racer - they would have to be verified by NFT... so, you can start setting up build rules on sim race cars - and it is verifiable, easily - by the NTF tokens of the modules used - that the car meets the ruleset criteria... and then you can have a sim race that has the... authenticity... of a real world race. 

It is just one example - People aren't *getting* it. If you buy a

Thu Oct 21 2021 22:44:03 EDT from IGnatius T Foobar Subject: Re: el salvador bitcoin

Well yes, but the larger picture is that crypto is interesting not because it is digital, but because there is no government holding the fiat who is capable of inflating the money supply.

Traditionally, investments such as gold and silver have been used as hedges against hyperinflation. With hyperinflation looming ahead on the road and crypto now in the picture, things could be different. Silver is basically just an industrial metal now. Gold is still the perennial favorite, but crypto is rising faster than gold, and this could result in the demonetization of gold.

Obviously there is some amount of wishful thinking here. Wouldn't it be great to have a single currency for the whole world that can NOT be manipulated by any government, including the Hitlerunited Hitlernations.

I forget which state it was, but one of ours has announced they have created some sort of coin |with millions of transactions a second, and of course we control so its safe".

The Fed desperately wants to convert to digital currency, but of course one they control, no freedom allowed here.  It would get them total control of who can buy what, from whom and know every transaction since it will be linked back to you, personally ( aka - IRS involvement ).  I assume it would be one where ALL keys are pre-created, but it would prevent them from creating more out of thin air like they do now with 'money'.

Thu Oct 21 2021 10:44:03 PM EDT from IGnatius T Foobar Subject: Re: el salvador bitcoin

Well yes, but the larger picture is that crypto is interesting not because it is digital, but because there is no government holding the fiat who is capable of inflating the money supply.

Any of you guys use jaxx for a wallet?  If so, have you noticed a delay in updates from the blockchain the last couple of weeks?

Reason i ask is i have a couple of Ether ASIC miners running in a shared pool, and the net effect is i get payout every 12 hours or so.  The pool is paying out as expected, and i see the transactions hitting the blockchain ( and not being moved a 2nd time somewhere else, which would explain things as id have been compromised ) but jaxx has not shown one transaction since the 20th.  2 different installs ( one on PC on on Phone ).

Since the funds ARE there, i wont panic as i could always get to them another way, but its odd that jaxx has dropped the ball for 2 weeks, almost 3..  

Choosing bitcoin was the first mitake. Now that 'speculators' got a hold of it, its too unstable to be considered a 'useable currency'. Its almost like they wanted this 'project' to fail. 

https://foreignpolicy.com/2021/09/17/el-salvador-bitcoin-law-farce/

LOL

I had forgot about them/him. 

Fri Jun 25 2021 09:51:18 AM EDT from IGnatius T Foobar

Isn't it obvious? John McAfee was murdered by Peter Norton.

He used to work pretty close with the government for decades ( his software ) so he had the opportunity to be in the 'right places'

Before he went crossed over to weirdo land and few wanted anything to do with him, being super wealthy and a household name he would have rubbed elbows with a lot of powerful people.  And you 'learn things' doing that. 

He claimed to have a lot of dirt on a lot of people.

He 'outed' the establishment in public.  Not with details and nothing we didnt already know, just a general wagging his finger at them, but he did show he had the guts to wave his fingers on the record, and if he did have actual dirt, he would have been a threat. Perhaps he did have it, perhaps he didnt. We most likely will never know. But if the powers that be thought he did, they may have taken action. All it takes is a belief that you are a threat, and you are treated as one. 

Or he may have just lost it gave up and took the easy way out.  But from what we know of his last few days there, he didnt seem to be on that train, and had not been in the past.  ( I totally agree that he was on the nut train, but not the suicide train )

Thu Jun 24 2021 09:06:13 PM EDT from zooer

What is the reason for the big bad people to off him?  He was a crazy, elderly, wealthy man who loved bath salts and hookers. (not that they are a bad thing) He was pumping crypto.  

So, the "crazy, elderly, wealthy man who loved bath salts and hookers," 

Is absolutely the mainstream media narrative of him - that anyone who has followed him more closely knows is a misleading one. He certainly was eccentric and erratic - but he was also fairly outspoken opponent of globalists, of oppressive government. He was pretty pro-libertarian, and tended to support, fund and promote the dissemination of information leaks that were damaging to the status quo. The funny thing is, HIS narrative was that he wasn't a drugged out trick hanging out with hookers - that he was being framed - and he sounded very rational, logical, and credible in these claims when you were hearing it from his own mouth (or his own writing, as the case may be). 


I've known a lot of spun people in the depths of drug induced paranoid delusions (no pun intended)... He did not sound like that. 

So - you called me a Statist in another post - here, your tone seems to indicate that you dis

Thu Jun 24 2021 21:06:13 EDT from zooer

What is the reason for the big bad people to off him?  He was a crazy, elderly, wealthy man who loved bath salts and hookers. (not that they are a bad thing) He was pumping crypto.  
I have been following him for a while, he is an interesting person. If he was on the ballot in 2020, I might have voted for him, everyone else was horrid.

"They" had plenty of time to shank him in prison, no one would have thought anything about it.  An old wealthy American gets stabbed in a shitty Spanish prison, no one would blink an eye.

Now the questions are:
What about his wife?
More importantly, what about Mcaffee's associate that was arrested on the same charges?

 

How they found him:
https://nypost.com/2021/06/24/john-mcafee-hideout-traced-to-ghost-hotel-with-a-bitcoin-farm/
In one of his tweets, he spoke about a Russian person he knew in prison.  See... it was the Russians again!

What is the reason for the big bad people to off him?  He was a crazy, elderly, wealthy man who loved bath salts and hookers. (not that they are a bad thing) He was pumping crypto.  
I have been following him for a while, he is an interesting person. If he was on the ballot in 2020, I might have voted for him, everyone else was horrid.

"They" had plenty of time to shank him in prison, no one would have thought anything about it.  An old wealthy American gets stabbed in a shitty Spanish prison, no one would blink an eye.

Now the questions are:
What about his wife?
More importantly, what about Mcaffee's associate that was arrested on the same charges?

How they found him:
https://nypost.com/2021/06/24/john-mcafee-hideout-traced-to-ghost-hotel-with-a-bitcoin-farm/
In one of his tweets, he spoke about a Russian person he knew in prison.  See... it was the Russians again!

TL:DR

Narcissistic hedonists are the LEAST likely people to commit suicide. If you look up Narcissistic Hedonist - there is a Picture of John MacAfee 

People who commit suicide, usually have a history of suicide attempts. 

People who say "I'm not the kind of guy who would EVER commit suicide," 

Usually aren't the ones who off themselves. 

Seriously. About the only time you hear of a suicide where the people closest say, "It isn't like him at all, he was never one to talk about taking his own life... he always found a way to get through the worst of times..." 

It is related to a smoker taking a course of Chantix. 

But - You seem to want to *believe* that this guy that embraced life FULLY and on a level that made most people go, "He is a NUT..." 

Had a sudden reversal of opinion on this. He seems like the kind of guy who goes into prison and ends up the most popular and powerful person in the prison - because of his ability to socially engineer as a charismatic leader. Put him in prison, and he'll make it look like prison is a holiday - and he'll make it clear that he is having a ball

Thu Jun 24 2021 19:12:05 EDT from zooer

 

Thu Jun 24 2021 04:55:20 PM EDT from ParanoidDelusions

An old tweet resurfaced that said, "If I ever kill myself, I didn't." 

 

"An old tweet" being the most important part of that, time passed and the situation changed.  What better way to get people riled up than to say you wouldn't do something and then do it?  One last ha-ha to the world.

He said that 'if Bitcoin didn't reach a million dollars by the end of 2020, he would eat his own cock on live TV', as well.

Thu Jun 24 2021 04:55:20 PM EDT from ParanoidDelusions

An old tweet resurfaced that said, "If I ever kill myself, I didn't." 

 

"An old tweet" being the most important part of that, time passed and the situation changed.  What better way to get people riled up than to say you wouldn't do something and then do it?  One last ha-ha to the world.

He said that 'if Bitcoin didn't reach a million dollars by the end of 2020, he would eat his own cock on live TV', as well.

I think he got a tattoo to go along with it.

Thu Jun 24 2021 04:55:20 PM EDT from ParanoidDelusions

An old tweet resurfaced that said, "If I ever kill myself, I didn't." 

 

An old tweet resurfaced that said, "If I ever kill myself, I didn't." 

There is supposed to be an automatic data dump soon.  Once his deadman switch times out.   Assuming that is true, and it does not get 'stopped' somehow then we will have the truth. If not, we may never really know.

Now that word is getting around, a ALOT of people feel the same way, that he was taken out. So at least im not alone in that feeling. 

Thu Jun 24 2021 11:32:49 AM EDT from zooer

I vote he was a brilliant man, who had a wild run throughout his life. At 75 years old, the run came to a crashing halt. He became depressed, knew he would die in prison either way, and he didn't want to deal with the judicial system.  He committed suicide. 

If he was murdered to stop him from talking, he is smart enough to have that information released after he passes.  His death wouldn't stop that.  He took his own life.

I vote he was a brilliant man, who had a wild run throughout his life. At 75 years old, the run came to a crashing halt. He became depressed, knew he would die in prison either way, and he didn't want to deal with the judicial system.  He committed suicide. 

If he was murdered to stop him from talking, he is smart enough to have that information released after he passes.  His death wouldn't stop that.  He took his own life.

He knew too much.  The bus got him. Don't forget he used to deal with the government on 'security contracts' im sure he knew things the rest of us didnt.

https://thedcpatriot.com/watch-rare-july-2020-video-by-john-mcafee-calling-out-deep-state-in-us-a-week-later-he-was-arrested-in-spain/

I would look at this twitter feed now and again, some of his posts were profound/interesting. His latest posts sounded depressed.

I am sure he told his wife what to post, she posted it for him.  He claimed to have secret access, but that is BS.

I vote the bus got him. 

I totally agree he was a wacko, but i just dont see him off-ing himself. 

Either way - if he committed suicide because he knew he was being thrown under the bus, or he got thrown under the bus and "committed suicide," it comes down to the same thing as happened to Jeffery Epstein. 


It is interesting how many incredibly powerful people involved in things compromising to the status quo of the political elite and wealthy are deciding to punch their own ticket the last couple of years. 

Not usually the demographic for the "There is no other option left for me," crowd. 

For political reasons :) 

lol

Wed Jun 23 2021 05:23:24 PM EDT from zooer

Well, the charges were related to digital currency.

 

I don't know if these will work:  (same photo)

https://twitter.com/blockstrain/status/1407791931241943040/photo/1

https://pbs.twimg.com/media/E4l7TPJXwAMm_Av?format=jpg&name=large

 

Well, the charges were related to digital currency.

I don't know if these will work:  (same photo)

https://twitter.com/blockstrain/status/1407791931241943040/photo/1

https://pbs.twimg.com/media/E4l7TPJXwAMm_Av?format=jpg&name=large

Does it really fit anywhere? 

Wed Jun 23 2021 05:03:50 PM EDT from zooer

 I "moved" this here, I didn't think of it as political.  

 

 I "moved" this here, I didn't think of it as political.  

Wed Jun 23 2021 04:42:23 PM EDT from Nurb432

I dont buy it for a second. He didnt kill himself
https://nypost.com/2021/06/23/john-mcafee-dies-by-suicide-inside-prison-in-barcelona/

 I believe he committed suicide.  Mcafee knew it was over, he didn't want to return to the U.S.  Why go through a long-drawn-out federal trial at 75 years of age?  If the feds want you, they have you. 

His tweets became more profound the longer he stayed in prison. https://twitter.com/officialmcafee

i dont buy "suicide" for one second. 

John McAfee found dead of apparent suicide in Spanish jail after court approves his extradition for tax crimes
https://www.cnbc.com/2021/06/23/john-mcafee-found-dead-after-spanish-court-oks-extradition-for-tax-crimes-.html

Cue invasion of El Salvador to free the people from a ruthless despot in 3... 2... 

Thu Jun 10 2021 20:00:41 EDT from IGnatius T Foobar

The latest news is that El Salvador is going to make Bitcoin legal tender, i.e. a legit form of currency within their nation.

This has all sorts of implications and should be an interesting experiment.
Hopefully it works. It would be great for other nations to follow and eventually take fiat powers away from all of the governments.

I think its already a done deal. 

I doubt many will follow, and give up that control willingly.  The only crypto they will approve is ones where they control its creation, distribution and can track it to the person.

Thu Jun 10 2021 08:00:41 PM EDT from IGnatius T Foobar

The latest news is that El Salvador is going to make Bitcoin legal tender, i.e. a legit form of currency within their nation.

This has all sorts of implications and should be an interesting experiment.
Hopefully it works. It would be great for other nations to follow and eventually take fiat powers away from all of the governments.

For once, governmental greed may work in our favor..

Who is to say they are not already.. 

Mon May 03 2021 09:56:32 AM EDT from IGnatius T Foobar

But it would be funny to see the NSA have days when they dedicate all their acres of compute resources to mining :)

Crypto in general is problematic for ... let's call them "Big Fiat".  A large shift of economy from fiat currency to crypto currency would mean that Big Fiat can't just "print more" to enrich itself at the expense of inflating the currency.

As I've mentioned before, I'm surprised that they haven't simply declared that all crypto currency transactions are de facto counterfeiting.

But it would be funny to see the NSA have days when they dedicate all their acres of compute resources to mining :)

The actions against McAfee by the DoJ and the IRS represent a worrying shift in the view of the U.S. government’s criminal enforcement arm.

Earlier this month, antivirus pioneer John McAfee was officially charged by the United States Department of Justice on seven counts of fraud and money laundering. These charges have been filed with respect to his activities in the crypto space from 2017 to 2020.

https://cointelegraph.com/news/the-things-the-doj-s-latest-move-against-mcafee-has-taught-us

almost?

We're almost back to star chambers and kangaroo courts, guys. 

Sun Mar 07 2021 08:06:58 EST from Nurb432

If he is guilty as proposed, then nearly every investment firm on the plant needs the same treatment. And lottery. 

Fri Mar 05 2021 18:50:12 EST from zooer

John McAfee indicted on cryptocurrency, fraud charges for cheating investors out of $13 million

https://www.al.com/news/2021/03/john-mcafee-antivirus-software-creator-with-alabama-ties-charged-with-cheating-investors-out-of-13-million.html

https://www.theglobeandmail.com/business/international-business/us-business/article-antivirus-software-pioneer-john-mcafee-indicted-on-cryptocurrency/

 

 

I think ours went to lower taxes on plates, public pensions. And of course politician pockets via some 'project fund' for building stuff like roads, internet, etc. 

Sun Mar 07 2021 17:30:38 EST from zooer

But the lottery is for the children, for education!  Has education not improved since the start of state lotteries?

 

If lotteries helped education then people would be educated enough to realize lotteries are not a good investment. 

But the lottery is for the children, for education!  Has education not improved since the start of state lotteries?

If lotteries helped education then people would be educated enough to realize lotteries are not a good investment. 

If he is guilty as proposed, then nearly every investment firm on the plant needs the same treatment. And lottery. 

Fri Mar 05 2021 18:50:12 EST from zooer

John McAfee indicted on cryptocurrency, fraud charges for cheating investors out of $13 million

https://www.al.com/news/2021/03/john-mcafee-antivirus-software-creator-with-alabama-ties-charged-with-cheating-investors-out-of-13-million.html

https://www.theglobeandmail.com/business/international-business/us-business/article-antivirus-software-pioneer-john-mcafee-indicted-on-cryptocurrency/

 

John McAfee indicted on cryptocurrency, fraud charges for cheating investors out of $13 million

https://www.al.com/news/2021/03/john-mcafee-antivirus-software-creator-with-alabama-ties-charged-with-cheating-investors-out-of-13-million.html

https://www.theglobeandmail.com/business/international-business/us-business/article-antivirus-software-pioneer-john-mcafee-indicted-on-cryptocurrency/

Right, but must be a reason for his attacks.  Is it to devalue and hurt Musk, just to be a prick?  Or he want to get the prices down so he can buy them all and cut us out of using digital currency?  Or is he coming up with his own 'blessed' version..

Everything he does is for a reason. ( all about him of course, but still, a reason )

Sun Feb 28 2021 22:01:43 EST from IGnatius T Foobar

As I've said elsewhere: he has a god complex.

As I've said elsewhere: he has a god complex.

Seems Gates is trying to manipulate the crypto market now. Saying its bad, drive value down.

Wonder what his angle is. Seeing a lot more of his ugly evil face here lately, in a variety of situations. 

I think its more that he told people, than he actually bought it.

Tesla is being questioned on its BitCoin purchase.

https://news.bitcoin.com/elon-musk-tesla-conflict-of-interest-1-5-billion-bitcoin-purchase/

:)

Looks like Musk is messing with the value of several cryptos by his tweets here lately. Pissing off the FTC.

Fri Feb 12 2021 20:00:38 EST from IGnatius T Foobar

I think it was more the angle of "we cant track/tax it so its only
use is to launder money", not counterfeit. 

From the government's perspective, I don't think there's a difference. Anything that can't be taxed is bad, m'kay?

Yellowstone erupting will redistribute the global wealth. 

We're talking about an ACTUAL reset. Not a course correction. 

Wed Jan 27 2021 13:09:17 EST from zooer

The wealth isn't going to be redistributed.

The top ten wealthiest Americans, the top wealthiest people in the world are not going to give up their wealth, they will just make sure the upper middle class don't get any higher than that. 

The wealth isn't going to be redistributed.

The top ten wealthiest Americans, the top wealthiest people in the world are not going to give up their wealth, they will just make sure the upper middle class don't get any higher than that. 

Oh, a great reset like I am talking about will redistribute the wealth, too. In fact, it might consolidate it far more narrowly than it is distributed today. There will be the absolute wealth and the destitute masses that serve them after the reset. 

But, maybe we need to re-experience feudal society again to remember how good we had it. 

Wed Jan 27 2021 06:20:53 EST from Nurb432

Just not the 'great reset' the far left is talking about.  That not a reset, its a power/wealth grab.

A societal reboot.

 

Thu Jan 21 2021 21:34:44 EST from ParanoidDelusions

Yeah - it just seems like we may be too far gone to salvage this attempt, and we need a do over. 

 

Thu Jan 21 2021 19:16:56 EST from Nurb432

I know its just a movie, but sort of how the end  of Transcendence was. ( or beginning .. since it was a 'how did we get here' kind of show )

Cant clean it, burn it all down. 

 

 

Just not the 'great reset' the far left is talking about.  That not a reset, its a power/wealth grab.

A societal reboot.

Thu Jan 21 2021 21:34:44 EST from ParanoidDelusions

Yeah - it just seems like we may be too far gone to salvage this attempt, and we need a do over. 

 

Thu Jan 21 2021 19:16:56 EST from Nurb432

I know its just a movie, but sort of how the end  of Transcendence was. ( or beginning .. since it was a 'how did we get here' kind of show )

Cant clean it, burn it all down. 

 

Yeah - it just seems like we may be too far gone to salvage this attempt, and we need a do over. 

Thu Jan 21 2021 19:16:56 EST from Nurb432

I know its just a movie, but sort of how the end  of Transcendence was. ( or beginning .. since it was a 'how did we get here' kind of show )

Cant clean it, burn it all down. 

I know its just a movie, but sort of how the end  of Transcendence was. ( or beginning .. since it was a 'how did we get here' kind of show )

Cant clean it, burn it all down. 

My latest blog, influenced by this post: 

http://donovancolbert.blogspot.com/2021/01/bitcoin-cryptocurrency-liberty-and.html

I'm pinning my hopes on massive solar storms and flares wiping out the entire grid and sending us back to ledgers and slide-rules. 

Thu Jan 21 2021 13:32:08 EST from zooer

Just one large undetected meteorite hitting the Yellowstone National Park is all I ask for.

Just one large undetected meteorite hitting the Yellowstone National Park is all I ask for.

Of course we wont. We are doomed to keep cycling around the drain until we vanish totally from the planet.

Perhaps covid is finally it. After a few more years of adaptation. 

Thu Jan 21 2021 10:32:07 EST from ParanoidDelusions

What we need is an actual nuclear war that throws us back into the Middle Ages - so we can start again and try and get it right this time. 

 

 

What we need is an actual nuclear war that throws us back into the Middle Ages - so we can start again and try and get it right this time. 

Thu Jan 21 2021 08:19:08 EST from Nurb432

And right on time. Cant allow an underground economy where citizens can freely buy and sell product without government oversight. "terrorism". the modern "its for the children" surprised they didnt toss in trump and maga too. I expect within 3 years to see 'fiat currency' phased out in favor of a government blessed coin, with your wallet tied to your federal serial number ( you know, your SSN, which was promised to never be used for identification ). They already started the ball rolling last summer, by creating the fake coin shortage, "sorry, we only accept cards as we cant make change". Get people used to it. ( and yes i know technically you dont buy/sell with crypto and its still bartering, since its not 'money', unless a government blesses it )

https://markets.businessinsider.com/amp/news/bitcoin-price-cryptocurrency-should-be-curtailed-terrorism-concerns-yellen-2021-1-1029985692

And right on time. Cant allow an underground economy where citizens can freely buy and sell product without government oversight. "terrorism". the modern "its for the children" surprised they didnt toss in trump and maga too. I expect within 3 years to see 'fiat currency' phased out in favor of a government blessed coin, with your wallet tied to your federal serial number ( you know, your SSN, which was promised to never be used for identification ). They already started the ball rolling last summer, by creating the fake coin shortage, "sorry, we only accept cards as we cant make change". Get people used to it. ( and yes i know technically you dont buy/sell with crypto and its still bartering, since its not 'money', unless a government blesses it )

https://markets.businessinsider.com/amp/news/bitcoin-price-cryptocurrency-should-be-curtailed-terrorism-concerns-yellen-2021-1-1029985692

Personally, for true anonymity i stick with XMR. its more established than Zcash i do believe. 

But its a preference. There are far too many competing coins out there now. Fractured markets, and speculators have ruined many of them. Now they are no longer useful for their true intent of 'secure digital micro-payments'. 

A friend has been advocating for ZCash. Here's part of his spiel.

II. ZCash, why? [this is more general cryptocurrency stuff]

Prices go up every year. It's like clockwork. In the course of our lifetimes we have seen the cost of goods rise.

It's not just the price. Little ripoffs are hidden in everything. Packaging gets smaller. Taxes are raised. Quality drops. If you're really unlucky, businesses in your area have maintained a flat level of output, but reported "shareholder equity growth" by reducing the number of jobs offered.

You don't need to be political to look at the facts. Every government prints money from thin air. This is not the only reason for the steady decline in quality of life, but it is a big one. Americans now have 20% more dollars circulating in the economy. What will this do to prices in the future?

Even if you're making it in this economy, each of your transactions is recorded by your bank. Additionally, most of your transactions are documented by a vendor. You are constantly being profiled, screened, examined, and evaluated for each of your purchases. The practice of normal untraceable cash purchases has been supplanted by a digital economy where liquid fiat is monitored with each movement.

We've seen a lot of security disasters in this decade. A quick visit to haveibeenpwned.com exposes a staggering volume of commercial errors that leave customers with no restitution. Public relations has moved the 2015 Experian Hack to the forefront of human consciousness, concealing the larger 2017 Equifax hack. The US Treasury was just hacked, and we're in a position of expecting an inconclusive investigation.

When our medical histories, sexual preferences, policital leanings, estate plans, and credit history are broadcast to the world's merchants, do we have any reason to believe they will help society invest in cybersecurity? Or will they just take the opportunity to pad their extensive profiles of us?

xrp, not so much :) 

Thu Jan 07 2021 12:30:55 EST from zooer

Bitcoin has doubled its previous all-time high.  Most Cyrptos are doing well.

 

 

 

 

ZCash looks slightly promising.

Bitcoin has doubled its previous all-time high.  Most Cyrptos are doing well.

I think it was more the angle of "we cant track/tax it so its only use is to launder money", not counterfeit.  Ironically, its brain dead easy to track transactions as that is the entire point of the block chain. But they figure if you feed FUD to citizens enough: "Remember its for the children" 

They gave up banning it, now they are working to regulate it, at the point if entry/exit into fiat. ( the exchanges )

Sat Dec 12 2020 16:28:47 ESTfrom IGnatius T Foobar

Didn't the government originally try to snuff out Bitcoin using existing counterfeiting laws? What ever became of that?

While possible its doubtful. You dont store any 'keys' on those devices. Just a destination wallet address. Without a key, you cant get anything back out. Worst case they could steal a bit a mining power, but you would see that in your network traffic. 

Besides, no one leaves their coins in the same wallet they mine into if they have any brains.

Thu Dec 10 2020 14:45:19 EST from zooer

Those are Chinese made mining computers.  Could the Chinese have a backdoor built into the hardware so that the Chinese can grab all the coins when they are ready to?

Didn't you just expose the basic, universal issue with digital currency, regardless of it is the Chinese - or someone else? 

Thu Dec 10 2020 14:45:19 EST from zooer

Those are Chinese made mining computers.  Could the Chinese have a backdoor built into the hardware so that the Chinese can grab all the coins when they are ready to?

Those are Chinese made mining computers.  Could the Chinese have a backdoor built into the hardware so that the Chinese can grab all the coins when they are ready to?

https://news.bitcoin.com/marathon-purchases-10000-bitcoin-miners-machines-will-max-out-100-megawatt-montana-facility/

Company Purchases 10,000 Bitcoin Miners, Machines Will Max Out 100 Megawatt Facility

Which pretty much destroyed it for many of us. We wanted a digital currency, with a sense of stability.. ( and the huge network fees price it out of the 'micro transaction' market too "that will be 50 dollar fee for your 15 dollar pizza please" )

Mon Nov 09 2020 09:20:15 EST from zooer

 most regard it as a commodity over a currency.

 

In brief

Bitcoin has been labelled a currency, a commodity and an investment.
There are proponents and detractors on both sides.
The growth in futures trading as a proportion of Bitcoin's trading volume suggests most regard it as a commodity over a currency.

https://decrypt.co/47566/is-bitcoin-an-asset-a-commodity-or-a-currency

If someone can move all the digital currency related messages from  Econometrica to this room that would be helpful.

Yearn.Finance reached $26,000+ today, and dropped to $25,000+

Yesterday, Fidelity filed paperwork with the U.S. Securities and Exchange Commission (SEC) to create a new fund dedicated entirely to bitcoin, which will require a minimum investment of $100,000.

CEO of Onramp Invest, Tyrone Ross, notes Fidelity’s minimum investment size indicates “they have no immediate plans to expand into retail offerings, but rather want to focus on the higher end institutional side of the business.”

https://www.forbes.com/sites/christopherbrookins/2020/08/27/fidelity-is-a-1000-pound-bitcoin-gorilla-in-the-making/#2ad3d804278f

The kids are trying to convert me to Zcash.

Yearn Finance.... less than 30 days old, worth more than bitcoin.

Perhaps a digital currency room will soon be needed.  If you don't know the digital currency markets never close, they operate 24 hours a day.

Fri Aug 14 2020 06:04:11 PM EDT from IGnatius T Foobar

This could be interesting. MicroStrategy, the world's largest publicly-traded business intelligence company, has swapped fiat currency for Bitcoin as its treasury reserve asset.

[ https://tinyurl.com/y2cbrba7 ]

After the announcement the many of the digital currency values started to rise.
https://coinranking.com/?sorton=price

As the pandemic was starting everyone said the prices would rise, it didn't seem to happen. The past week I have noticed the prices rising.

I think you need to create a Citade-coin.

Fri Aug 14 2020 06:04:11 PM EDT from IGnatius T Foobar

This could be interesting. MicroStrategy, the world's largest publicly-traded business intelligence company, has swapped fiat currency for Bitcoin as its treasury reserve asset.

[ https://tinyurl.com/y2cbrba7 ]

In the press release, their CEO refers to Bitcoin as "digital gold", citing that they expect it to be more stable in the face of economic and health crises brought on by the China Virus and its cascading effects. I think they're expecting QE and the resulting inflation to make Bitcoin increasingly stable and valuable. He claims that "eventually every public company will do the same".

The amount of currency they've taken on amounts to approximately 0.1% of the world's Bitcoin supply.

Are we past the point where serious financiers consider Bitcoin to be snake oil, and governments consider it to be counterfeit?

I was wondering why the price spiked the past few days. 

I am sadden the price is rising.