I think they’re done with the money printer for a while. I could be wrong, and I’m not selling my bitcoin, but I am keeping my day job with the expectation that financial assets drop a great deal in price over the next 3 years or so. After they make everyone poor and buy up all the assets, then they’ll print more money.

Let me be the first to wish you happy block 9,000,000!

They say they must continue to print. But you do realize, don’t you, that they already printed a ton and gave it to themselves. Why would they want to print more? Do you think they care about people like you or me or silly things like countries going bankrupt and being unable to pay their debts? I don’t think so. I think the decision was made in 2008 to cause system instability, cry world chaos, get lots of free money, and now they’re set to bankrupt those who took on leverage…and make prices of assets _plunge_ so they can buy them up cheap. The real question comes back to: who _exactly_ prints the money and how leveraged are they?

This is a good example of the problem of forming belief. There are two reasonable hypotheses regarding WTC 7 collapse. This is a reminder that forming belief isn’t done simply on the basis of a logical plausible argument. While of course that is required, many logical plausible arguments can explain many phenomena. So how should one form belief? Step one, do so rarely. Step two, do so when you can test the belief through experimentation. Step 3, be willing to change your mind. I for one want an open source finite element analysis model of wtc7, without and with the exterior face collapse of the south side, to verify and/or change model parameters and run the simulation repeatedly…or a physical copy of building 7 to experiment on :) View quoted note →

First they laugh at you. Then they fight you. Then you win. I don’t think Bitcoin has won yet. I don’t think they have fought us yet. I’m think the world is in large part still laughing at Bitcoin. But they’re starting not to laugh. This means that they will fight Bitcoin soon. But who is “they”? Post WW2, USA became world reserve currency provider because we had all the money, which was then gold. Bretton woods ended in 1971 when USA stopped giving other countries their gold back in exchange for dollars. US gold stock dropped from 24 tons to 8 tons, but unbacked dollars continued to be the global reserve currency. This caused US to export dollars and made every place outside the US a better place to mine and build stuff…which killed the former middle class in the US. See Triffen’s dilemma. To “stop this train” in the @Lyn Alden sense would require a new monetary regime. But we don’t have enough gold. Boy, wouldn’t it be convenient if the US had a large supply of some other commodity whose properties satisfy the requirements of money…one that few other countries had much of? Especially if near peer competitor countries were accumulating large amounts of yellow metal? Enter Bitcoin. Who will fight its monetization? How will they fight? I’d argue it will be China. And the fight will be WW3. And the US will respond with faster monetization of bitcoin and hence demonetization of gold. China won’t like that. This will be the “then they fight you” stage of bitcoin. That is how @Lyn Alden ‘s train comes to a stop. Ouch. A wild hypothesis: US federal government has a quantum computer capable of spending satoshi’s 1M pay-to-public-key coins and will publicly take custody of these coins when world becomes aware of a real and imminent threat to bitcoin from quantum computers…and this was planned from the get go. Satoshi was cleverly simulated by NSA, including the seemingly self taught coding style and hypomanic/manic grandiose scope of the original code (with built in market place originally, which is so out of scope and grandiose as to imply a mild mental disorder). Or maybe it wasn’t NSA but a fairly brilliant person with bipolar spectrum disorder; I’m assuming satoshi committed suicide after burning out on this project as all hypomanic episodes must come to an end.

Apparently one can become purple in Damus. Who knew?

Damus

A new social network that you control

@jb55