What will back the WLF+Abu Dhabi+Biance stable coin? Will they buy T-bills?

Nothing beats a hyped *controversy* during a mini pump LFG

"Bitcoin at its core solves three problems in a decentralized manner: ownership through public key cryptography, double spending through proof-of-work timestamping, and issuance through proof-of-work difficulty adjustment." - Michael Goldstein

Autistic people literally dont give a shit about Autism Acceptance Month

From one Whitepaper reference: "......We propose to merge many unnoteworthy time-stamping events into one noteworthy event, using a tournament run by its participants. The winner can be easily and widely publicized....." - March 1992 Improving the Efficiency and Reliability of Digital Time-Stamping .....sounds familiar

"In other words, the difficulty-adjustment is about keeping a constant time, not a constant level of security, difficulty, or energy expenditure. This is ingenious because good money has to be costly in time, not energy. Linking money to energy alone is not sufficient to produce absolute scarcity since every improvement in energy generation would allow us to create more money. Time is the only thing we will never be able to make more of. It is The Ultimate Resource, as Julian Simon points out. This makes Bitcoin the ultimate form of money because its issuance is directly linked to the ultimate resource of our universe: time." - Gigi Bitcoin is Time

"Moving from physical laws to man-made rules is the crux of the matter. Man-made rules can be bent and broken, physical laws not so much. For example, you can't simply "make up" a physical gold coin. You have to dig it out of the ground. You can, however, absolutely make up a gold coin on paper. To do this, you simply add an entry to the ledger and give yourself a couple of coins. Or, in the case of central banks, simply add a couple trillion with a few computer keystrokes. (Fancy financial people call this "Rehypothecation," "Fractional Reserve Banking," or "Quantitative Easing" - but don't be fooled, it's all the same: making up money.)" - Gigi Bitcoin is Time

Unpredictable future, unchangeable past Time is THE one-way-function

Provably Sarce

Proof-of-work has the nice property that it can be relayed through untrusted middlemen. We don't have to worry about a chain of custody of communication. It doesn't matter who tells you a longest chain, the proof-of-work speaks for itself. - SN

The proof-of-work chain is the solution to the synchronisation problem, and to knowing what the globally shared view is without having to trust anyone.

I'm less worried about *capital destruction* with an accelerated fiat collapse - good stuff, like old well-built buildings in prime locations will just get repriced & acquired by those who saw this comming. Some humans will get rekt, the stuff will be fine.

If given the option humans will likely choose a neutral money. We now have one.

This take is missing the *crazy hodler mental humans* that rabsolutely efuse to sell: no bottom is too low, to top is high enough. That creates the vol... View quoted note →

run it back ✅ View quoted note →

👀⬇️ View quoted note →

bc1qwzrryqr3ja8w7hnja2spmkgfdcgvqwp5swz4af4ngsjecfz0w0pqud7k38 whose address? Hard to figure out. Decent privacy.