#photography #auckland #newzealand Arrived in nz this morning. A 6hr flight, a stopover of 3hrs and then another 15 hour flight. I can say I am happy the ‘getting there ‘ is over.

#photography #iceland #underpressureeverythingflows

#photography #iceland

#photography #australia #reddesert

#photography #lisboa #morning

#photography

#photography #lakedistrict

#photography #mist

#photography #mistymorning

#autumn #photography

GM #photography #mood

#photography #quiet #scotland

Btc transaction already 14 hrs stuck in the mempool.. Will it likely be in a block before being returned after 48 hrs or more likely not, at this point. Does someone know?

#photography #argentina

#photography #symmetry

#photography #japan #kyoto

#photography #braeckman Went to a museum where there was an exposition with work from Dirk Braeckman (1958) . His work is B&W , sometimes layered in post process in the dark room and very moody. I liked it.

I read the latest peace from (people working for) the ECB on bitcoin, called ‘the distributional consequences of Bitcoin’ (Bindseil/Schaaf) They make the case that bitcoin, if not a bubble, will transfer wealth to earlybirds, from non-holders and latecomers. At the point where bitcoin will eventually be redistributed evenly to all people, early adopters will have used their bitcoin to buy other assets and their related income from latecomers, leading to an ultimately negative outcome for the latter, so they calculate. My opinion on the piece, having read it once, is that they might initially be right (open to suggestions why not). However, first of all, this expected outcome is exactly the effect the current fiat system is having now: widening the wealth gap in favour of those who were early. The difference with bitcoin is that once btc has been equally distributed, well.. it will be equally distributed and no one is issuing more bitcoin to the early birds nor to anyone else. That is imo seems to be where the positive difference is. Not that everyone will be equaly wealthy, but everyone will have a chance to create their own wealth in a more level playing field. Latecomers who work harder or have better value adding ideas than early birds will be able to catch up and surpass them in wealth. Admittedly, I think this might take a long time. I’d love to hear @Jeff Booth ‘s opinion on this paper. https://papers.ssrn.com/sol3/papers.cfm?abstract_id=4985877

#photography #moon The Moon illusion is an optical illusion which causes the Moon to appear larger near the horizon than it does higher up in the sky

#photography #moon ‘The Moon illusion is an optical illusion which causes the Moon to appear larger near the horizon than it does higher up in the sky’ (wiki) and also when something is placed in front of it in a photo.