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I agree, it's long since overdue for us to go to a more proper and stable system. That being social order based on combat prowess and land ownership.
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Bitcoins/Litecoins/Virtual Currencies
- Thread starter Tripamang
- Start date
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Guest, it's time once again for the massively important and exciting FoH Asshat Tournament!
Go here and give us your nominations!Who's been the biggest Asshat in the last year? Give us your worst ones!
Mist
REEEEeyore
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Arden
Blackwing Lair Raider
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Mist
REEEEeyore
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So much for that narrative.
arstechnica.com
FBI agents search home of FTX exec who gave millions to Republicans
Ryan Salame formed “megadonor” team with SBF, gave $24M to mostly GOP candidates.
arstechnica.com
Asshat wormie
2023 Asshat Award Winner
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Its well documented that Sam was paying off both sides. He donated to dems publicly so he can score some of that social credit with his social circle and then he used Salame to donate to GOP. There are emails where Salame is all nervous about this shit, talks about it being shady and asks to do it in some other manner. But alas for them, they still did it.So much for that narrative.
FBI agents search home of FTX exec who gave millions to Republicans
Ryan Salame formed “megadonor” team with SBF, gave $24M to mostly GOP candidates.
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Flobee
Vyemm Raider
- 2,679
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US is going to shoot themselves in the foot RE: Bitcoin mining. This move is going to look incredibly stupid in 10 years when hashrate has fled the country and all of the sudden US has its pants down with no substantial holdings of BTC and no control over mining. They gunna 6102 YOUR BTC to make up for that. The strategic advantage of holding a significant amount of hashrate within your borders is being missed here.
Also worth noting that the logic behind the tax (Miners use tons of energy! Especially that nasty fossil fuel energy!) is quite neatly refuted here:
EDIT: Another article refuting ESG Bitcoin FUD. Bitcoin is good for energy policy. On-demand energy consumption lowers consumer price
www.bitcoinpolicy.uk
Also worth noting that the logic behind the tax (Miners use tons of energy! Especially that nasty fossil fuel energy!) is quite neatly refuted here:
EDIT: Another article refuting ESG Bitcoin FUD. Bitcoin is good for energy policy. On-demand energy consumption lowers consumer price
BPUK Response to the recent Guardian Article on Bitcoin mining's environmental impact
BPUK Response to the recent Guardian Article on Bitcoin mining's environmental impact
www.bitcoinpolicy.uk
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Flobee
Vyemm Raider
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So it looks like Balaji settled that bet that BTC will hit 1 million by June of this year. Update below with probably the most succinct explanation of where we stand today financially and why he chose to blow $1.5 mil. I think this guy is wrong about a lot, but this video is pretty good.
TL-DW: Buy Bitcoin
TL-DW: Buy Bitcoin
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ZeroHedge
ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero
www.zerohedge.com
Whereas I will admit I did have "Texas makes it's own currency" in a far corner of my bingo card, I did NOT have "Texas creates a gold and silver backed digital currency" on it.
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Flobee
Vyemm Raider
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So I still have some reservations about Lowery's thesis, but I did find this presentation pretty interesting. He is MIT graduate and an officer for the Space Force:
TL-DW: Bitcoin may represent more than secure digital currency. It may be more accurately described as digital power projection, and if so is very much more valuable that just base layer money.
TL-DW: Bitcoin may represent more than secure digital currency. It may be more accurately described as digital power projection, and if so is very much more valuable that just base layer money.
Flobee
Vyemm Raider
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People spamming the mempool with cat jpegs will run out of Bitcoin and things will continue as normal. BRC-20 can both bring adoption and be a complete waste of resources. Bitcoin is by nature a completely free market though so people are allowed to waste their BTC on miner fee's for this stuff. It won't be the last time this sort of silliness occurs.
Everything makes Bitcoin stronger
EDIT: BRC-20 is not layer 2 for Bitcoin lol... also Udi is a turd
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Flobee
Vyemm Raider
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This is probably going to be a pretty big week for Bitcoin with the conference this weekend. Figured this is a good way to kick things off:
MicroStrategy has developed a system for corporations to attach a lightning wallet to every email address in the company as well as creating them for clients/customers. I dunno how successful this sort of thing could be, but getting micropayments (in Satoshis) for showing up to a meeting on time or finishing your training on time, whatever, looks to be a reality. Obviously this could also be rails for paying employees in Bitcoin. Maybe not something we in the West want right now, but if I'm hiring talent in the global south (especially in countries without good USD rails) perhaps that is useful.
I expect the big news to come out this week to be around Fedimint. If you're not aware of that check it out, looks like its going to be a pretty big deal.
fedimint.org
MicroStrategy has developed a system for corporations to attach a lightning wallet to every email address in the company as well as creating them for clients/customers. I dunno how successful this sort of thing could be, but getting micropayments (in Satoshis) for showing up to a meeting on time or finishing your training on time, whatever, looks to be a reality. Obviously this could also be rails for paying employees in Bitcoin. Maybe not something we in the West want right now, but if I'm hiring talent in the global south (especially in countries without good USD rails) perhaps that is useful.
I expect the big news to come out this week to be around Fedimint. If you're not aware of that check it out, looks like its going to be a pretty big deal.
Getting Started | Fedimint
This guide has been developed as a community project and is a live document. We would appreciate any feedback you may have and you can submit edits, corrections and pull requests through the link at the bottom of each page.
Flobee
Vyemm Raider
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Tmac
Adventurer
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OU Ariakas
Diet Dr. Pepper Enjoyer
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So we are a little over 2 weeks from this post and BTC is still around 27k. Do you personally think that it is going to hit 1 million in the next 45 days?
Flobee
Vyemm Raider
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No, neither does he which is why he payed out on the bet. I may be misunderstanding you, but if you were under the impression that my post was suggesting I believed that BTC was going to $1 mill by June I suspect you didn't watch the video.