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C
Cursitor Doom
Guest
On Fri, 11 Nov 2022 23:04:40 -0800 (PST), Flyguy
<soar2morrow@yahoo.com> wrote:
Crapto is dead. There - fixed it for you.
<soar2morrow@yahoo.com> wrote:
On Friday, November 11, 2022 at 11:54:05 AM UTC-8, a a wrote:
Crypto Exchange FTX Files for Bankruptcy
Crpto is dead.
Crapto is dead. There - fixed it for you.
J
John Larkin
Guest
On Sun, 13 Nov 2022 09:36:43 +0000, Cursitor Doom <cd@notformail.com>
wrote:
What a crazy concept it was, a Ponzi scheme that burns terawatt hours
of energy doing nothing useful.
Those COP27 jet-setters don\'t seem to have much to say about crypto
mining. Curious.
wrote:
On Fri, 11 Nov 2022 23:04:40 -0800 (PST), Flyguy
soar2morrow@yahoo.com> wrote:
On Friday, November 11, 2022 at 11:54:05 AM UTC-8, a a wrote:
Crypto Exchange FTX Files for Bankruptcy
Crpto is dead.
Crapto is dead. There - fixed it for you.
What a crazy concept it was, a Ponzi scheme that burns terawatt hours
of energy doing nothing useful.
Those COP27 jet-setters don\'t seem to have much to say about crypto
mining. Curious.
C
Cursitor Doom
Guest
On Mon, 14 Nov 2022 07:01:11 -0800 (PST), Anthony William Sloman
<bill.sloman@ieee.org> wrote:
Sorry but you\'re wrong on that, Bill. The Globalists are very real.
They meet every year at Davos to tweak their vile plans. There are
several Globalist front organisations and the WEF, which meets at
Davos, is one of the chief ones among them. There was a clip shown on
the TV news only the other day with an interview with the head of the
WEF, Klaus Schwab, caught boasting about all the governments around
the world that his organisation had \"penetrated\" as he put it. These
are the people behind all this phony BS about some so-called \"climate
emergency\" and how evil we all are for driving cars. They are an
absolute menace and the very antithesis of open, democratic
government.
<bill.sloman@ieee.org> wrote:
On Tuesday, November 15, 2022 at 12:56:34 AM UTC+11, Cursitor Doom wrote:
On Sun, 13 Nov 2022 21:00:23 -0500, Phil Hobbs <pcdhSpamM...@electrooptical.net> wrote:
Cursitor Doom wrote:
On Sun, 13 Nov 2022 13:27:03 -0500, Phil Hobbs <pcdhSpamM...@electrooptical.net> wrote:
Cursitor Doom wrote:
On Sun, 13 Nov 2022 07:18:22 -0800, John Larkin <jla...@highlandSNIPMEtechnology.com> wrote:
On Sun, 13 Nov 2022 09:36:43 +0000, Cursitor Doom <c...@notformail.com> wrote:
On Fri, 11 Nov 2022 23:04:40 -0800 (PST), Flyguy <soar2...@yahoo.com> wrote:
On Friday, November 11, 2022 at 11:54:05 AM UTC-8, a a wrote:
snip
I sometimes wonder if the Globalists get their fancy ideas for world domination from other people\'s novels.
\"Globalists\" are fantasy figures from the imaginative fiction that Cursitor Doom laps up from sources like Russia Today and the Daily Mail.
People who read science fiction and fantasy mostly do know that it is fiction. People - like Cursitor Doom - who take lunatic conspiracy theories seriously are getting the same kind of entertainment, but lack the wit to make the distinction between fantasy and reality.
Sorry but you\'re wrong on that, Bill. The Globalists are very real.
They meet every year at Davos to tweak their vile plans. There are
several Globalist front organisations and the WEF, which meets at
Davos, is one of the chief ones among them. There was a clip shown on
the TV news only the other day with an interview with the head of the
WEF, Klaus Schwab, caught boasting about all the governments around
the world that his organisation had \"penetrated\" as he put it. These
are the people behind all this phony BS about some so-called \"climate
emergency\" and how evil we all are for driving cars. They are an
absolute menace and the very antithesis of open, democratic
government.
C
Cursitor Doom
Guest
On Sun, 13 Nov 2022 07:18:22 -0800, John Larkin
<jlarkin@highlandSNIPMEtechnology.com> wrote:
I never understood the perceived value of crapto currencies. The claim
was the value of each \'coin\' was the energy and time expended in
finding the prime factors required to solve the equation (we can argue
the toss about that definition which I admit is a bit flakey).
However, the key point is that the value is all in the past. The
costly work to arrive at that successful calculation is all done. It\'s
over. Finished. The \'coin\' therefore carries no intrinsic value
forward into the future for subsequent holders. It always struck me as
odd that no one else seemed to have noticed that uncomfortable fact.
At least with promissory notes like banknotes, the holder has a claim
against the institution that created them which can be enforced by the
courts, there\'s no such mechanism for crapto. It\'s only worth what
people believe it to be worth and as such is even worse that 100%
unbacked currency. At least that is in effect a \'share/stock
certificate\' in the wealth and standing of the country which issued
it.
<jlarkin@highlandSNIPMEtechnology.com> wrote:
On Sun, 13 Nov 2022 09:36:43 +0000, Cursitor Doom <cd@notformail.com
wrote:
On Fri, 11 Nov 2022 23:04:40 -0800 (PST), Flyguy
soar2morrow@yahoo.com> wrote:
On Friday, November 11, 2022 at 11:54:05 AM UTC-8, a a wrote:
Crypto Exchange FTX Files for Bankruptcy
Crpto is dead.
Crapto is dead. There - fixed it for you.
What a crazy concept it was, a Ponzi scheme that burns terawatt hours
of energy doing nothing useful.
Those COP27 jet-setters don\'t seem to have much to say about crypto
mining. Curious.
I never understood the perceived value of crapto currencies. The claim
was the value of each \'coin\' was the energy and time expended in
finding the prime factors required to solve the equation (we can argue
the toss about that definition which I admit is a bit flakey).
However, the key point is that the value is all in the past. The
costly work to arrive at that successful calculation is all done. It\'s
over. Finished. The \'coin\' therefore carries no intrinsic value
forward into the future for subsequent holders. It always struck me as
odd that no one else seemed to have noticed that uncomfortable fact.
At least with promissory notes like banknotes, the holder has a claim
against the institution that created them which can be enforced by the
courts, there\'s no such mechanism for crapto. It\'s only worth what
people believe it to be worth and as such is even worse that 100%
unbacked currency. At least that is in effect a \'share/stock
certificate\' in the wealth and standing of the country which issued
it.
P
Phil Hobbs
Guest
Cursitor Doom wrote:
The value of crypto is that it lets you get money out of China, and some
kinds (the anonymous ones, unlike Bitcoin) also allow you to launder
money. If you don\'t need to do those things, it\'s useless.
For the rest of us, its value won\'t become apparent until governments
start issuing digital money, so that they can control in detail what
they graciously permit you to spend it on.
Cheers
Phil Hobbs
--
Dr Philip C D Hobbs
Principal Consultant
ElectroOptical Innovations LLC / Hobbs ElectroOptics
Optics, Electro-optics, Photonics, Analog Electronics
Briarcliff Manor NY 10510
http://electrooptical.net
http://hobbs-eo.com
On Sun, 13 Nov 2022 07:18:22 -0800, John Larkin
jlarkin@highlandSNIPMEtechnology.com> wrote:
On Sun, 13 Nov 2022 09:36:43 +0000, Cursitor Doom <cd@notformail.com
wrote:
On Fri, 11 Nov 2022 23:04:40 -0800 (PST), Flyguy
soar2morrow@yahoo.com> wrote:
On Friday, November 11, 2022 at 11:54:05 AM UTC-8, a a wrote:
Crypto Exchange FTX Files for Bankruptcy
Crpto is dead.
Crapto is dead. There - fixed it for you.
What a crazy concept it was, a Ponzi scheme that burns terawatt hours
of energy doing nothing useful.
Those COP27 jet-setters don\'t seem to have much to say about crypto
mining. Curious.
I never understood the perceived value of crapto currencies. The claim
was the value of each \'coin\' was the energy and time expended in
finding the prime factors required to solve the equation (we can argue
the toss about that definition which I admit is a bit flakey).
However, the key point is that the value is all in the past. The
costly work to arrive at that successful calculation is all done. It\'s
over. Finished. The \'coin\' therefore carries no intrinsic value
forward into the future for subsequent holders. It always struck me as
odd that no one else seemed to have noticed that uncomfortable fact.
At least with promissory notes like banknotes, the holder has a claim
against the institution that created them which can be enforced by the
courts, there\'s no such mechanism for crapto. It\'s only worth what
people believe it to be worth and as such is even worse that 100%
unbacked currency. At least that is in effect a \'share/stock
certificate\' in the wealth and standing of the country which issued
it.
The value of crypto is that it lets you get money out of China, and some
kinds (the anonymous ones, unlike Bitcoin) also allow you to launder
money. If you don\'t need to do those things, it\'s useless.
For the rest of us, its value won\'t become apparent until governments
start issuing digital money, so that they can control in detail what
they graciously permit you to spend it on.
Cheers
Phil Hobbs
--
Dr Philip C D Hobbs
Principal Consultant
ElectroOptical Innovations LLC / Hobbs ElectroOptics
Optics, Electro-optics, Photonics, Analog Electronics
Briarcliff Manor NY 10510
http://electrooptical.net
http://hobbs-eo.com
F
Flyguy
Guest
On Friday, November 11, 2022 at 11:54:05 AM UTC-8, a a wrote:
> Crypto Exchange FTX Files for Bankruptcy
Crpto is dead.
> Crypto Exchange FTX Files for Bankruptcy
Crpto is dead.
A
Anthony William Sloman
Guest
On Wednesday, November 16, 2022 at 5:27:14 AM UTC+11, Cursitor Doom wrote:
The people you like to label as \"globalists\" are real enough, but the actions you imagine they are going in for are the fantasies.
You see a sinister conspiracy of globalists. There rest of us see a bunch of over-paid clowns having fun.
>There was a clip shown on the TV news only the other day with an interview with the head of the WEF, Klaus Schwab, caught boasting about all the governments around the world that his organisation had \"penetrated\" as he put it.
If you label your organisation the \"world economic forum\" you are under an obligation to boast about the large number of national organisations you have roped in.
Denial would be much more sinister.
> These are the people behind all this phony BS about some so-called \"climate emergency\" and how evil we all are for driving cars.
You have this fantasy about anthropogenic global warming being some some kind of con trick, so we don\'t really have to do anything about it.
Denial is merely the first stage of grief. There are four more to get through. You\'d better hope that your world is still survivable when you get through to acceptance.
> They are an absolute menace and the very antithesis of open, democratic government.
The pretty much describes Russia Today and the Daily Mail, and - by implication - you. You are such an obvious idiot that you aren\'t much of a threat.
--
Bill Sloman, Sydney
On Mon, 14 Nov 2022 07:01:11 -0800 (PST), Anthony William Sloman
bill....@ieee.org> wrote:
On Tuesday, November 15, 2022 at 12:56:34 AM UTC+11, Cursitor Doom wrote:
On Sun, 13 Nov 2022 21:00:23 -0500, Phil Hobbs <pcdhSpamM...@electrooptical.net> wrote:
Cursitor Doom wrote:
On Sun, 13 Nov 2022 13:27:03 -0500, Phil Hobbs <pcdhSpamM...@electrooptical.net> wrote:
Cursitor Doom wrote:
On Sun, 13 Nov 2022 07:18:22 -0800, John Larkin <jla...@highlandSNIPMEtechnology.com> wrote:
On Sun, 13 Nov 2022 09:36:43 +0000, Cursitor Doom <c...@notformail.com> wrote:
On Fri, 11 Nov 2022 23:04:40 -0800 (PST), Flyguy <soar2...@yahoo.com> wrote:
On Friday, November 11, 2022 at 11:54:05 AM UTC-8, a a wrote:
snip
I sometimes wonder if the Globalists get their fancy ideas for world domination from other people\'s novels.
\"Globalists\" are fantasy figures from the imaginative fiction that Cursitor Doom laps up from sources like Russia Today and the Daily Mail.
People who read science fiction and fantasy mostly do know that it is fiction. People - like Cursitor Doom - who take lunatic conspiracy theories seriously are getting the same kind of entertainment, but lack the wit to make the distinction between fantasy and reality.
Sorry but you\'re wrong on that, Bill. The Globalists are very real.
The people you like to label as \"globalists\" are real enough, but the actions you imagine they are going in for are the fantasies.
They meet every year at Davos to tweak their vile plans. There are several Globalist front organisations and the WEF, which meets at
Davos, is one of the chief ones among them.
You see a sinister conspiracy of globalists. There rest of us see a bunch of over-paid clowns having fun.
>There was a clip shown on the TV news only the other day with an interview with the head of the WEF, Klaus Schwab, caught boasting about all the governments around the world that his organisation had \"penetrated\" as he put it.
If you label your organisation the \"world economic forum\" you are under an obligation to boast about the large number of national organisations you have roped in.
Denial would be much more sinister.
> These are the people behind all this phony BS about some so-called \"climate emergency\" and how evil we all are for driving cars.
You have this fantasy about anthropogenic global warming being some some kind of con trick, so we don\'t really have to do anything about it.
Denial is merely the first stage of grief. There are four more to get through. You\'d better hope that your world is still survivable when you get through to acceptance.
> They are an absolute menace and the very antithesis of open, democratic government.
The pretty much describes Russia Today and the Daily Mail, and - by implication - you. You are such an obvious idiot that you aren\'t much of a threat.
--
Bill Sloman, Sydney
C
Cursitor Doom
Guest
On Sun, 13 Nov 2022 13:27:03 -0500, Phil Hobbs
<pcdhSpamMeSenseless@electrooptical.net> wrote:
Exactly. People are sleep-walking into this and the aspect of this 3rd
party permission for everything you buy never seems to get discussed.
In entire history of money and commerce, there have always been 2
parties to a transaction: buyer and seller. But once cash has been
abolished, there will forever more be 3 parties and no fall-back
alternative. There will *always* have to be some third party somewhere
authorizing the transaction. That is a seriously huge change IMV.
If you study the history of money, its evolution if you will, the
entirety of it has been a succession of fortuitous events invariably
favoring the banks. It\'s no wonder some folk believe the invention of
money was the devil\'s work and only a tiny fraction of one percent of
the population know about these magical little gifts that have fallen
into the laps of the bankers. It really does go way beyond incredible
when you look into it in detail.
Anyway, digital money and the abolition of cash is not quite the end
of the story but rather just another in a long line of stepping
stones. There\'s a film clip on the Web in which this Italian film
director shortly before his death spills the beans and tells of what
Nicholas Rockefeller revealed to him in regards to this end-game. They
want digital money to become biological by means of an implanted chip
which eventually they want everyone to have. All your money will be on
it and if you step out of line, they will wipe your chip and wipe you
out financially. I\'ve been trying to find the clip but haven\'t had any
luck as I can\'t recall the director\'s name (even though he was well
known and respected - I\'m just not a movie buff and know nothing of
the industry. I did do a search on Italian film directors but the list
of them is vast, so that didn\'t help at all. I\'ll be thinking of this
all night now!
<pcdhSpamMeSenseless@electrooptical.net> wrote:
Cursitor Doom wrote:
On Sun, 13 Nov 2022 07:18:22 -0800, John Larkin
jlarkin@highlandSNIPMEtechnology.com> wrote:
On Sun, 13 Nov 2022 09:36:43 +0000, Cursitor Doom <cd@notformail.com
wrote:
On Fri, 11 Nov 2022 23:04:40 -0800 (PST), Flyguy
soar2morrow@yahoo.com> wrote:
On Friday, November 11, 2022 at 11:54:05 AM UTC-8, a a wrote:
Crypto Exchange FTX Files for Bankruptcy
Crpto is dead.
Crapto is dead. There - fixed it for you.
What a crazy concept it was, a Ponzi scheme that burns terawatt hours
of energy doing nothing useful.
Those COP27 jet-setters don\'t seem to have much to say about crypto
mining. Curious.
I never understood the perceived value of crapto currencies. The claim
was the value of each \'coin\' was the energy and time expended in
finding the prime factors required to solve the equation (we can argue
the toss about that definition which I admit is a bit flakey).
However, the key point is that the value is all in the past. The
costly work to arrive at that successful calculation is all done. It\'s
over. Finished. The \'coin\' therefore carries no intrinsic value
forward into the future for subsequent holders. It always struck me as
odd that no one else seemed to have noticed that uncomfortable fact.
At least with promissory notes like banknotes, the holder has a claim
against the institution that created them which can be enforced by the
courts, there\'s no such mechanism for crapto. It\'s only worth what
people believe it to be worth and as such is even worse that 100%
unbacked currency. At least that is in effect a \'share/stock
certificate\' in the wealth and standing of the country which issued
it.
The value of crypto is that it lets you get money out of China, and some
kinds (the anonymous ones, unlike Bitcoin) also allow you to launder
money. If you don\'t need to do those things, it\'s useless.
For the rest of us, its value won\'t become apparent until governments
start issuing digital money, so that they can control in detail what
they graciously permit you to spend it on.
Exactly. People are sleep-walking into this and the aspect of this 3rd
party permission for everything you buy never seems to get discussed.
In entire history of money and commerce, there have always been 2
parties to a transaction: buyer and seller. But once cash has been
abolished, there will forever more be 3 parties and no fall-back
alternative. There will *always* have to be some third party somewhere
authorizing the transaction. That is a seriously huge change IMV.
If you study the history of money, its evolution if you will, the
entirety of it has been a succession of fortuitous events invariably
favoring the banks. It\'s no wonder some folk believe the invention of
money was the devil\'s work and only a tiny fraction of one percent of
the population know about these magical little gifts that have fallen
into the laps of the bankers. It really does go way beyond incredible
when you look into it in detail.
Anyway, digital money and the abolition of cash is not quite the end
of the story but rather just another in a long line of stepping
stones. There\'s a film clip on the Web in which this Italian film
director shortly before his death spills the beans and tells of what
Nicholas Rockefeller revealed to him in regards to this end-game. They
want digital money to become biological by means of an implanted chip
which eventually they want everyone to have. All your money will be on
it and if you step out of line, they will wipe your chip and wipe you
out financially. I\'ve been trying to find the clip but haven\'t had any
luck as I can\'t recall the director\'s name (even though he was well
known and respected - I\'m just not a movie buff and know nothing of
the industry. I did do a search on Italian film directors but the list
of them is vast, so that didn\'t help at all. I\'ll be thinking of this
all night now!
A
Anthony William Sloman
Guest
On Saturday, November 12, 2022 at 6:04:44 PM UTC+11, Flyguy wrote:
As if Gnatguy knows any more about it than a a does.
--
Bill Sloman, Sydney
On Friday, November 11, 2022 at 11:54:05 AM UTC-8, a a wrote:
Crypto Exchange FTX Files for Bankruptcy
Crpto is dead.
As if Gnatguy knows any more about it than a a does.
--
Bill Sloman, Sydney
A
Anthony William Sloman
Guest
On Monday, November 14, 2022 at 4:54:57 AM UTC+11, Cursitor Doom wrote:
That\'s a failure of perception. the nice thing about a block chain is that you can tag on a new transaction with very little effort. and that\'s what gives a unit of cryptocurrency it\'s intrinsic value.
> It always struck me as odd that no one else seemed to have noticed that uncomfortable fact.
It\'s not a fact - rather it enshrines Cursitor Doom\'s failure of perception, or pig ignorance.
A scribble on a bit of paper is more valuable than a hard-to-replicate calculation?
And has worked out the anti-counterfeiting features that let you be confident that your promissory note or banknote isn\'t a worthless forgery.
Australia\'s plastic bank notes are hard to forge - in part because they are marked with a hologram. Those holograms are written by a Cambridge Instruments EBMF 10.5 electron beam microfabricator which includes a couple of boards I redesigned to let the machine write at 10 MHz. They are written as a pattern of dots on a metal block, which is etched after the pattern is written to give an array of etched pits which - when pressed into a plastic banknote - produce a visible light hologram.
Not the contribution to nation that my great-uncle made when he got fatally injured fighting the Turks on Gallipoli in 1915, but not totally insignificant either.
--
Bill Sloman, Sydney
On Sun, 13 Nov 2022 07:18:22 -0800, John Larkin
jla...@highlandSNIPMEtechnology.com> wrote:
On Sun, 13 Nov 2022 09:36:43 +0000, Cursitor Doom <c...@notformail.com
wrote:
On Fri, 11 Nov 2022 23:04:40 -0800 (PST), Flyguy
soar2...@yahoo.com> wrote:
On Friday, November 11, 2022 at 11:54:05 AM UTC-8, a a wrote:
Crypto Exchange FTX Files for Bankruptcy
Crpto is dead.
Crapto is dead. There - fixed it for you.
What a crazy concept it was, a Ponzi scheme that burns terawatt hours
of energy doing nothing useful.
Those COP27 jet-setters don\'t seem to have much to say about crypto
mining. Curious.
I never understood the perceived value of crapto currencies. The claim
was the value of each \'coin\' was the energy and time expended in
finding the prime factors required to solve the equation (we can argue
the toss about that definition which I admit is a bit flakey).
However, the key point is that the value is all in the past. The
costly work to arrive at that successful calculation is all done. It\'s
over. Finished. The \'coin\' therefore carries no intrinsic value
forward into the future for subsequent holders.
That\'s a failure of perception. the nice thing about a block chain is that you can tag on a new transaction with very little effort. and that\'s what gives a unit of cryptocurrency it\'s intrinsic value.
> It always struck me as odd that no one else seemed to have noticed that uncomfortable fact.
It\'s not a fact - rather it enshrines Cursitor Doom\'s failure of perception, or pig ignorance.
At least with promissory notes like banknotes, the holder has a claim
against the institution that created them which can be enforced by the
courts, there\'s no such mechanism for crapto.
A scribble on a bit of paper is more valuable than a hard-to-replicate calculation?
It\'s only worth what people believe it to be worth and as such is even worse that 100% unbacked currency. At least that is in effect a \'share/stock
certificate\' in the wealth and standing of the country which issued it.
And has worked out the anti-counterfeiting features that let you be confident that your promissory note or banknote isn\'t a worthless forgery.
Australia\'s plastic bank notes are hard to forge - in part because they are marked with a hologram. Those holograms are written by a Cambridge Instruments EBMF 10.5 electron beam microfabricator which includes a couple of boards I redesigned to let the machine write at 10 MHz. They are written as a pattern of dots on a metal block, which is etched after the pattern is written to give an array of etched pits which - when pressed into a plastic banknote - produce a visible light hologram.
Not the contribution to nation that my great-uncle made when he got fatally injured fighting the Turks on Gallipoli in 1915, but not totally insignificant either.
--
Bill Sloman, Sydney
P
Phil Hobbs
Guest
Cursitor Doom wrote:
John Brunner\'s \"The Shockwave Rider\" (1975) has that happening to the
main character.
Cheers
Phil Hobbs
--
Dr Philip C D Hobbs
Principal Consultant
ElectroOptical Innovations LLC / Hobbs ElectroOptics
Optics, Electro-optics, Photonics, Analog Electronics
Briarcliff Manor NY 10510
http://electrooptical.net
http://hobbs-eo.com
On Sun, 13 Nov 2022 13:27:03 -0500, Phil Hobbs
pcdhSpamMeSenseless@electrooptical.net> wrote:
Cursitor Doom wrote:
On Sun, 13 Nov 2022 07:18:22 -0800, John Larkin
jlarkin@highlandSNIPMEtechnology.com> wrote:
On Sun, 13 Nov 2022 09:36:43 +0000, Cursitor Doom <cd@notformail.com
wrote:
On Fri, 11 Nov 2022 23:04:40 -0800 (PST), Flyguy
soar2morrow@yahoo.com> wrote:
On Friday, November 11, 2022 at 11:54:05 AM UTC-8, a a wrote:
Crypto Exchange FTX Files for Bankruptcy
Crpto is dead.
Crapto is dead. There - fixed it for you.
What a crazy concept it was, a Ponzi scheme that burns terawatt hours
of energy doing nothing useful.
Those COP27 jet-setters don\'t seem to have much to say about crypto
mining. Curious.
I never understood the perceived value of crapto currencies. The claim
was the value of each \'coin\' was the energy and time expended in
finding the prime factors required to solve the equation (we can argue
the toss about that definition which I admit is a bit flakey).
However, the key point is that the value is all in the past. The
costly work to arrive at that successful calculation is all done. It\'s
over. Finished. The \'coin\' therefore carries no intrinsic value
forward into the future for subsequent holders. It always struck me as
odd that no one else seemed to have noticed that uncomfortable fact.
At least with promissory notes like banknotes, the holder has a claim
against the institution that created them which can be enforced by the
courts, there\'s no such mechanism for crapto. It\'s only worth what
people believe it to be worth and as such is even worse that 100%
unbacked currency. At least that is in effect a \'share/stock
certificate\' in the wealth and standing of the country which issued
it.
The value of crypto is that it lets you get money out of China, and some
kinds (the anonymous ones, unlike Bitcoin) also allow you to launder
money. If you don\'t need to do those things, it\'s useless.
For the rest of us, its value won\'t become apparent until governments
start issuing digital money, so that they can control in detail what
they graciously permit you to spend it on.
Exactly. People are sleep-walking into this and the aspect of this 3rd
party permission for everything you buy never seems to get discussed.
In entire history of money and commerce, there have always been 2
parties to a transaction: buyer and seller. But once cash has been
abolished, there will forever more be 3 parties and no fall-back
alternative. There will *always* have to be some third party somewhere
authorizing the transaction. That is a seriously huge change IMV.
If you study the history of money, its evolution if you will, the
entirety of it has been a succession of fortuitous events invariably
favoring the banks. It\'s no wonder some folk believe the invention of
money was the devil\'s work and only a tiny fraction of one percent of
the population know about these magical little gifts that have fallen
into the laps of the bankers. It really does go way beyond incredible
when you look into it in detail.
Anyway, digital money and the abolition of cash is not quite the end
of the story but rather just another in a long line of stepping
stones. There\'s a film clip on the Web in which this Italian film
director shortly before his death spills the beans and tells of what
Nicholas Rockefeller revealed to him in regards to this end-game. They
want digital money to become biological by means of an implanted chip
which eventually they want everyone to have. All your money will be on
it and if you step out of line, they will wipe your chip and wipe you
out financially. I\'ve been trying to find the clip but haven\'t had any
luck as I can\'t recall the director\'s name (even though he was well
known and respected - I\'m just not a movie buff and know nothing of
the industry. I did do a search on Italian film directors but the list
of them is vast, so that didn\'t help at all. I\'ll be thinking of this
all night now!
John Brunner\'s \"The Shockwave Rider\" (1975) has that happening to the
main character.
Cheers
Phil Hobbs
--
Dr Philip C D Hobbs
Principal Consultant
ElectroOptical Innovations LLC / Hobbs ElectroOptics
Optics, Electro-optics, Photonics, Analog Electronics
Briarcliff Manor NY 10510
http://electrooptical.net
http://hobbs-eo.com
A
a a
Guest
#shutupyoustupiddog
A
Anthony William Sloman
Guest
On Monday, November 14, 2022 at 1:00:36 PM UTC+11, Phil Hobbs wrote:
<snip>
https://en.wikipedia.org/wiki/The_Shockwave_Rider
Not exactly. John Brunner had constructed a fantasy world around high tech elements that he didn\'t understand all that well. Back then I understood it rather better - it was a fun book, but John Brunner had invented his world and the problem Nick Haflinger had to deal with is a less-than-convincing plot device.
Reading it as any kind of prophecy is nuts.
https://en.wikipedia.org/wiki/Stand_on_Zanzibar
was equally good, but no more realistic. Science fiction is fun, but if you have been reading it for more than sixty years - as I\'ve been doing - you get to realise that it isn\'t prophetic. Every book is very much embedded in the period when it was written.
--
Bill Sloman, Sydney
Cursitor Doom wrote:
On Sun, 13 Nov 2022 13:27:03 -0500, Phil Hobbs <pcdhSpamM...@electrooptical.net> wrote:
Cursitor Doom wrote:
On Sun, 13 Nov 2022 07:18:22 -0800, John Larkin <jla...@highlandSNIPMEtechnology.com> wrote:
On Sun, 13 Nov 2022 09:36:43 +0000, Cursitor Doom <c...@notformail.com> wrote:
On Fri, 11 Nov 2022 23:04:40 -0800 (PST), Flyguy <soar2...@yahoo.com> wrote:
On Friday, November 11, 2022 at 11:54:05 AM UTC-8, a a wrote:
<snip>
Anyway, digital money and the abolition of cash is not quite the end of the story but rather just another in a long line of stepping stones. There\'s a film clip on the Web in which this Italian film director shortly before his death spills the beans and tells of what Nicholas Rockefeller revealed to him in regards to this end-game. They want digital money to become biological by means of an implanted chip which eventually they want everyone to have. All your money will be on it and if you step out of line, they will wipe your chip and wipe you out financially. I\'ve been trying to find the clip but haven\'t had any luck as I can\'t recall the director\'s name (even though he was well known and respected - I\'m just not a movie buff and know nothing of the industry. I did do a search on Italian film directors but the list of them is vast, so that didn\'t help at all. I\'ll be thinking of this all night now!
John Brunner\'s \"The Shockwave Rider\" (1975) has that happening to the main character.
https://en.wikipedia.org/wiki/The_Shockwave_Rider
Not exactly. John Brunner had constructed a fantasy world around high tech elements that he didn\'t understand all that well. Back then I understood it rather better - it was a fun book, but John Brunner had invented his world and the problem Nick Haflinger had to deal with is a less-than-convincing plot device.
Reading it as any kind of prophecy is nuts.
https://en.wikipedia.org/wiki/Stand_on_Zanzibar
was equally good, but no more realistic. Science fiction is fun, but if you have been reading it for more than sixty years - as I\'ve been doing - you get to realise that it isn\'t prophetic. Every book is very much embedded in the period when it was written.
--
Bill Sloman, Sydney
A
a a
Guest
blockchain is no science fake to make fools busy
E
Ed Lee
Guest
On Sunday, November 13, 2022 at 12:38:22 PM UTC-8, Cursitor Doom wrote:
FTX and many other crypto firms has little to do with digital and/or analog money. It\'s not even ponzi scam, it\'s pure and simple scam.
Put it this way: I issue my own papers in exchange for your dollars/euros/yens/yuans and trade them in my hedge fund. Would you give me your money? Why would it be any different if i issue my paper in crypto?
SBF is looking at a year per billion dollar in jail.
On Sun, 13 Nov 2022 13:27:03 -0500, Phil Hobbs
pcdhSpamM...@electrooptical.net> wrote:
Cursitor Doom wrote:
On Sun, 13 Nov 2022 07:18:22 -0800, John Larkin
jla...@highlandSNIPMEtechnology.com> wrote:
On Sun, 13 Nov 2022 09:36:43 +0000, Cursitor Doom <c...@notformail.com
wrote:
On Fri, 11 Nov 2022 23:04:40 -0800 (PST), Flyguy
soar2...@yahoo.com> wrote:
On Friday, November 11, 2022 at 11:54:05 AM UTC-8, a a wrote:
Crypto Exchange FTX Files for Bankruptcy
Crpto is dead.
Crapto is dead. There - fixed it for you.
What a crazy concept it was, a Ponzi scheme that burns terawatt hours
of energy doing nothing useful.
Those COP27 jet-setters don\'t seem to have much to say about crypto
mining. Curious.
I never understood the perceived value of crapto currencies. The claim
was the value of each \'coin\' was the energy and time expended in
finding the prime factors required to solve the equation (we can argue
the toss about that definition which I admit is a bit flakey).
However, the key point is that the value is all in the past. The
costly work to arrive at that successful calculation is all done. It\'s
over. Finished. The \'coin\' therefore carries no intrinsic value
forward into the future for subsequent holders. It always struck me as
odd that no one else seemed to have noticed that uncomfortable fact.
At least with promissory notes like banknotes, the holder has a claim
against the institution that created them which can be enforced by the
courts, there\'s no such mechanism for crapto. It\'s only worth what
people believe it to be worth and as such is even worse that 100%
unbacked currency. At least that is in effect a \'share/stock
certificate\' in the wealth and standing of the country which issued
it.
The value of crypto is that it lets you get money out of China, and some
kinds (the anonymous ones, unlike Bitcoin) also allow you to launder
money. If you don\'t need to do those things, it\'s useless.
For the rest of us, its value won\'t become apparent until governments
start issuing digital money, so that they can control in detail what
they graciously permit you to spend it on.
Exactly. People are sleep-walking into this and the aspect of this 3rd
party permission for everything you buy never seems to get discussed.
In entire history of money and commerce, there have always been 2
parties to a transaction: buyer and seller. But once cash has been
abolished, there will forever more be 3 parties and no fall-back
alternative. There will *always* have to be some third party somewhere
authorizing the transaction. That is a seriously huge change IMV.
If you study the history of money, its evolution if you will, the
entirety of it has been a succession of fortuitous events invariably
favoring the banks. It\'s no wonder some folk believe the invention of
money was the devil\'s work and only a tiny fraction of one percent of
the population know about these magical little gifts that have fallen
into the laps of the bankers. It really does go way beyond incredible
when you look into it in detail.
Anyway, digital money and the abolition of cash is not quite the end
of the story but rather just another in a long line of stepping
stones. There\'s a film clip on the Web in which this Italian film
director shortly before his death spills the beans and tells of what
Nicholas Rockefeller revealed to him in regards to this end-game. They
want digital money to become biological by means of an implanted chip
which eventually they want everyone to have. All your money will be on
it and if you step out of line, they will wipe your chip and wipe you
out financially. I\'ve been trying to find the clip but haven\'t had any
luck as I can\'t recall the director\'s name (even though he was well
known and respected - I\'m just not a movie buff and know nothing of
the industry. I did do a search on Italian film directors but the list
of them is vast, so that didn\'t help at all. I\'ll be thinking of this
all night now!
FTX and many other crypto firms has little to do with digital and/or analog money. It\'s not even ponzi scam, it\'s pure and simple scam.
Put it this way: I issue my own papers in exchange for your dollars/euros/yens/yuans and trade them in my hedge fund. Would you give me your money? Why would it be any different if i issue my paper in crypto?
SBF is looking at a year per billion dollar in jail.
C
Cursitor Doom
Guest
On Sun, 13 Nov 2022 21:00:23 -0500, Phil Hobbs
<pcdhSpamMeSenseless@electrooptical.net> wrote:
I sometimes wonder if the Globalists get their fancy ideas for world
domination from other people\'s novels.
<pcdhSpamMeSenseless@electrooptical.net> wrote:
Cursitor Doom wrote:
On Sun, 13 Nov 2022 13:27:03 -0500, Phil Hobbs
pcdhSpamMeSenseless@electrooptical.net> wrote:
Cursitor Doom wrote:
On Sun, 13 Nov 2022 07:18:22 -0800, John Larkin
jlarkin@highlandSNIPMEtechnology.com> wrote:
On Sun, 13 Nov 2022 09:36:43 +0000, Cursitor Doom <cd@notformail.com
wrote:
On Fri, 11 Nov 2022 23:04:40 -0800 (PST), Flyguy
soar2morrow@yahoo.com> wrote:
On Friday, November 11, 2022 at 11:54:05 AM UTC-8, a a wrote:
Crypto Exchange FTX Files for Bankruptcy
Crpto is dead.
Crapto is dead. There - fixed it for you.
What a crazy concept it was, a Ponzi scheme that burns terawatt hours
of energy doing nothing useful.
Those COP27 jet-setters don\'t seem to have much to say about crypto
mining. Curious.
I never understood the perceived value of crapto currencies. The claim
was the value of each \'coin\' was the energy and time expended in
finding the prime factors required to solve the equation (we can argue
the toss about that definition which I admit is a bit flakey).
However, the key point is that the value is all in the past. The
costly work to arrive at that successful calculation is all done. It\'s
over. Finished. The \'coin\' therefore carries no intrinsic value
forward into the future for subsequent holders. It always struck me as
odd that no one else seemed to have noticed that uncomfortable fact.
At least with promissory notes like banknotes, the holder has a claim
against the institution that created them which can be enforced by the
courts, there\'s no such mechanism for crapto. It\'s only worth what
people believe it to be worth and as such is even worse that 100%
unbacked currency. At least that is in effect a \'share/stock
certificate\' in the wealth and standing of the country which issued
it.
The value of crypto is that it lets you get money out of China, and some
kinds (the anonymous ones, unlike Bitcoin) also allow you to launder
money. If you don\'t need to do those things, it\'s useless.
For the rest of us, its value won\'t become apparent until governments
start issuing digital money, so that they can control in detail what
they graciously permit you to spend it on.
Exactly. People are sleep-walking into this and the aspect of this 3rd
party permission for everything you buy never seems to get discussed.
In entire history of money and commerce, there have always been 2
parties to a transaction: buyer and seller. But once cash has been
abolished, there will forever more be 3 parties and no fall-back
alternative. There will *always* have to be some third party somewhere
authorizing the transaction. That is a seriously huge change IMV.
If you study the history of money, its evolution if you will, the
entirety of it has been a succession of fortuitous events invariably
favoring the banks. It\'s no wonder some folk believe the invention of
money was the devil\'s work and only a tiny fraction of one percent of
the population know about these magical little gifts that have fallen
into the laps of the bankers. It really does go way beyond incredible
when you look into it in detail.
Anyway, digital money and the abolition of cash is not quite the end
of the story but rather just another in a long line of stepping
stones. There\'s a film clip on the Web in which this Italian film
director shortly before his death spills the beans and tells of what
Nicholas Rockefeller revealed to him in regards to this end-game. They
want digital money to become biological by means of an implanted chip
which eventually they want everyone to have. All your money will be on
it and if you step out of line, they will wipe your chip and wipe you
out financially. I\'ve been trying to find the clip but haven\'t had any
luck as I can\'t recall the director\'s name (even though he was well
known and respected - I\'m just not a movie buff and know nothing of
the industry. I did do a search on Italian film directors but the list
of them is vast, so that didn\'t help at all. I\'ll be thinking of this
all night now!
John Brunner\'s \"The Shockwave Rider\" (1975) has that happening to the
main character.
Cheers
Phil Hobbs
I sometimes wonder if the Globalists get their fancy ideas for world
domination from other people\'s novels.
A
Anthony William Sloman
Guest
On Tuesday, November 15, 2022 at 12:56:34 AM UTC+11, Cursitor Doom wrote:
<snip>
> I sometimes wonder if the Globalists get their fancy ideas for world domination from other people\'s novels.
\"Globalists\" are fantasy figures from the imaginative fiction that Cursitor Doom laps up from sources like Russia Today and the Daily Mail.
People who read science fiction and fantasy mostly do know that it is fiction. People - like Cursitor Doom - who take lunatic conspiracy theories seriously are getting the same kind of entertainment, but lack the wit to make the distinction between fantasy and reality.
--
Bill Sloman, Sydney
On Sun, 13 Nov 2022 21:00:23 -0500, Phil Hobbs <pcdhSpamM...@electrooptical.net> wrote:
Cursitor Doom wrote:
On Sun, 13 Nov 2022 13:27:03 -0500, Phil Hobbs <pcdhSpamM...@electrooptical.net> wrote:
Cursitor Doom wrote:
On Sun, 13 Nov 2022 07:18:22 -0800, John Larkin <jla...@highlandSNIPMEtechnology.com> wrote:
On Sun, 13 Nov 2022 09:36:43 +0000, Cursitor Doom <c...@notformail.com> wrote:
On Fri, 11 Nov 2022 23:04:40 -0800 (PST), Flyguy <soar2...@yahoo.com> wrote:
On Friday, November 11, 2022 at 11:54:05 AM UTC-8, a a wrote:
<snip>
> I sometimes wonder if the Globalists get their fancy ideas for world domination from other people\'s novels.
\"Globalists\" are fantasy figures from the imaginative fiction that Cursitor Doom laps up from sources like Russia Today and the Daily Mail.
People who read science fiction and fantasy mostly do know that it is fiction. People - like Cursitor Doom - who take lunatic conspiracy theories seriously are getting the same kind of entertainment, but lack the wit to make the distinction between fantasy and reality.
--
Bill Sloman, Sydney
E
Ed Lee
Guest
On Monday, November 14, 2022 at 3:52:50 AM UTC-8, Ed Lee wrote:
And my paper is not backed by any faith and/or credit of any entity. It\'s not even an IOU. It\'s just a piece of paper with $8B written on it.
> SBF is looking at a year per billion dollar in jail.
He still does not realize what\'s wrong, from latest interview:
https://www.vox.com/future-perfect/23462333/sam-bankman-fried-ftx-cryptocurrency-effective-altruism-crypto-bahamas-philanthropy
A bank can lend out money, subject to fractional reserve, and backed by real assets. If all else fails, the Fed pickup the tab.
FTX took customer deposits and lend it out. There is no real asset other than cryptos, which are in free-fall. Finally, there is no Fed to pick up the mess.
VCs losing their shirts are OK, That\'s their game and business. People who put Ontario Teacher\'s Pension fund in crypto gambling should be fired and send to same cell with SBF.
On Sunday, November 13, 2022 at 12:38:22 PM UTC-8, Cursitor Doom wrote:
On Sun, 13 Nov 2022 13:27:03 -0500, Phil Hobbs
pcdhSpamM...@electrooptical.net> wrote:
Cursitor Doom wrote:
On Sun, 13 Nov 2022 07:18:22 -0800, John Larkin
jla...@highlandSNIPMEtechnology.com> wrote:
On Sun, 13 Nov 2022 09:36:43 +0000, Cursitor Doom <c...@notformail.com
wrote:
On Fri, 11 Nov 2022 23:04:40 -0800 (PST), Flyguy
soar2...@yahoo.com> wrote:
On Friday, November 11, 2022 at 11:54:05 AM UTC-8, a a wrote:
Crypto Exchange FTX Files for Bankruptcy
Crpto is dead.
Crapto is dead. There - fixed it for you.
What a crazy concept it was, a Ponzi scheme that burns terawatt hours
of energy doing nothing useful.
Those COP27 jet-setters don\'t seem to have much to say about crypto
mining. Curious.
I never understood the perceived value of crapto currencies. The claim
was the value of each \'coin\' was the energy and time expended in
finding the prime factors required to solve the equation (we can argue
the toss about that definition which I admit is a bit flakey).
However, the key point is that the value is all in the past. The
costly work to arrive at that successful calculation is all done. It\'s
over. Finished. The \'coin\' therefore carries no intrinsic value
forward into the future for subsequent holders. It always struck me as
odd that no one else seemed to have noticed that uncomfortable fact.
At least with promissory notes like banknotes, the holder has a claim
against the institution that created them which can be enforced by the
courts, there\'s no such mechanism for crapto. It\'s only worth what
people believe it to be worth and as such is even worse that 100%
unbacked currency. At least that is in effect a \'share/stock
certificate\' in the wealth and standing of the country which issued
it.
The value of crypto is that it lets you get money out of China, and some
kinds (the anonymous ones, unlike Bitcoin) also allow you to launder
money. If you don\'t need to do those things, it\'s useless.
For the rest of us, its value won\'t become apparent until governments
start issuing digital money, so that they can control in detail what
they graciously permit you to spend it on.
Exactly. People are sleep-walking into this and the aspect of this 3rd
party permission for everything you buy never seems to get discussed.
In entire history of money and commerce, there have always been 2
parties to a transaction: buyer and seller. But once cash has been
abolished, there will forever more be 3 parties and no fall-back
alternative. There will *always* have to be some third party somewhere
authorizing the transaction. That is a seriously huge change IMV.
If you study the history of money, its evolution if you will, the
entirety of it has been a succession of fortuitous events invariably
favoring the banks. It\'s no wonder some folk believe the invention of
money was the devil\'s work and only a tiny fraction of one percent of
the population know about these magical little gifts that have fallen
into the laps of the bankers. It really does go way beyond incredible
when you look into it in detail.
Anyway, digital money and the abolition of cash is not quite the end
of the story but rather just another in a long line of stepping
stones. There\'s a film clip on the Web in which this Italian film
director shortly before his death spills the beans and tells of what
Nicholas Rockefeller revealed to him in regards to this end-game. They
want digital money to become biological by means of an implanted chip
which eventually they want everyone to have. All your money will be on
it and if you step out of line, they will wipe your chip and wipe you
out financially. I\'ve been trying to find the clip but haven\'t had any
luck as I can\'t recall the director\'s name (even though he was well
known and respected - I\'m just not a movie buff and know nothing of
the industry. I did do a search on Italian film directors but the list
of them is vast, so that didn\'t help at all. I\'ll be thinking of this
all night now!
FTX and many other crypto firms has little to do with digital and/or analog money. It\'s not even ponzi scam, it\'s pure and simple scam.
Put it this way: I issue my own papers in exchange for your dollars/euros/yens/yuans and trade them in my hedge fund. Would you give me your money? Why would it be any different if i issue my paper in crypto?
And my paper is not backed by any faith and/or credit of any entity. It\'s not even an IOU. It\'s just a piece of paper with $8B written on it.
> SBF is looking at a year per billion dollar in jail.
He still does not realize what\'s wrong, from latest interview:
https://www.vox.com/future-perfect/23462333/sam-bankman-fried-ftx-cryptocurrency-effective-altruism-crypto-bahamas-philanthropy
A bank can lend out money, subject to fractional reserve, and backed by real assets. If all else fails, the Fed pickup the tab.
FTX took customer deposits and lend it out. There is no real asset other than cryptos, which are in free-fall. Finally, there is no Fed to pick up the mess.
VCs losing their shirts are OK, That\'s their game and business. People who put Ontario Teacher\'s Pension fund in crypto gambling should be fired and send to same cell with SBF.
C
Cursitor Doom
Guest
On Wed, 16 Nov 2022 13:49:34 -0800 (PST), Ed Lee
<edward.ming.lee@gmail.com> wrote:
Has that actually happened?? I ask because fund managers who deal with
pensions generally have certain strict criteria about what they can
and can\'t invest in. For pensions, the rating of an investment needs
to be AAA or perhaps AAB depending. But crapto shouldn\'t even have a
rating at all. It\'s purely and simply a speculative fad and like any
other, once it turns parabolic from demand from \'the little people\'
it\'s time to GTFO of it. No way should any pension fund even
contemplate holding any garbage grade crap like that.
<edward.ming.lee@gmail.com> wrote:
On Monday, November 14, 2022 at 3:52:50 AM UTC-8, Ed Lee wrote:
On Sunday, November 13, 2022 at 12:38:22 PM UTC-8, Cursitor Doom wrote:
On Sun, 13 Nov 2022 13:27:03 -0500, Phil Hobbs
pcdhSpamM...@electrooptical.net> wrote:
Cursitor Doom wrote:
On Sun, 13 Nov 2022 07:18:22 -0800, John Larkin
jla...@highlandSNIPMEtechnology.com> wrote:
On Sun, 13 Nov 2022 09:36:43 +0000, Cursitor Doom <c...@notformail.com
wrote:
On Fri, 11 Nov 2022 23:04:40 -0800 (PST), Flyguy
soar2...@yahoo.com> wrote:
On Friday, November 11, 2022 at 11:54:05 AM UTC-8, a a wrote:
Crypto Exchange FTX Files for Bankruptcy
Crpto is dead.
Crapto is dead. There - fixed it for you.
What a crazy concept it was, a Ponzi scheme that burns terawatt hours
of energy doing nothing useful.
Those COP27 jet-setters don\'t seem to have much to say about crypto
mining. Curious.
I never understood the perceived value of crapto currencies. The claim
was the value of each \'coin\' was the energy and time expended in
finding the prime factors required to solve the equation (we can argue
the toss about that definition which I admit is a bit flakey).
However, the key point is that the value is all in the past. The
costly work to arrive at that successful calculation is all done. It\'s
over. Finished. The \'coin\' therefore carries no intrinsic value
forward into the future for subsequent holders. It always struck me as
odd that no one else seemed to have noticed that uncomfortable fact.
At least with promissory notes like banknotes, the holder has a claim
against the institution that created them which can be enforced by the
courts, there\'s no such mechanism for crapto. It\'s only worth what
people believe it to be worth and as such is even worse that 100%
unbacked currency. At least that is in effect a \'share/stock
certificate\' in the wealth and standing of the country which issued
it.
The value of crypto is that it lets you get money out of China, and some
kinds (the anonymous ones, unlike Bitcoin) also allow you to launder
money. If you don\'t need to do those things, it\'s useless.
For the rest of us, its value won\'t become apparent until governments
start issuing digital money, so that they can control in detail what
they graciously permit you to spend it on.
Exactly. People are sleep-walking into this and the aspect of this 3rd
party permission for everything you buy never seems to get discussed.
In entire history of money and commerce, there have always been 2
parties to a transaction: buyer and seller. But once cash has been
abolished, there will forever more be 3 parties and no fall-back
alternative. There will *always* have to be some third party somewhere
authorizing the transaction. That is a seriously huge change IMV.
If you study the history of money, its evolution if you will, the
entirety of it has been a succession of fortuitous events invariably
favoring the banks. It\'s no wonder some folk believe the invention of
money was the devil\'s work and only a tiny fraction of one percent of
the population know about these magical little gifts that have fallen
into the laps of the bankers. It really does go way beyond incredible
when you look into it in detail.
Anyway, digital money and the abolition of cash is not quite the end
of the story but rather just another in a long line of stepping
stones. There\'s a film clip on the Web in which this Italian film
director shortly before his death spills the beans and tells of what
Nicholas Rockefeller revealed to him in regards to this end-game. They
want digital money to become biological by means of an implanted chip
which eventually they want everyone to have. All your money will be on
it and if you step out of line, they will wipe your chip and wipe you
out financially. I\'ve been trying to find the clip but haven\'t had any
luck as I can\'t recall the director\'s name (even though he was well
known and respected - I\'m just not a movie buff and know nothing of
the industry. I did do a search on Italian film directors but the list
of them is vast, so that didn\'t help at all. I\'ll be thinking of this
all night now!
FTX and many other crypto firms has little to do with digital and/or analog money. It\'s not even ponzi scam, it\'s pure and simple scam.
Put it this way: I issue my own papers in exchange for your dollars/euros/yens/yuans and trade them in my hedge fund. Would you give me your money? Why would it be any different if i issue my paper in crypto?
And my paper is not backed by any faith and/or credit of any entity. It\'s not even an IOU. It\'s just a piece of paper with $8B written on it.
SBF is looking at a year per billion dollar in jail.
He still does not realize what\'s wrong, from latest interview:
https://www.vox.com/future-perfect/23462333/sam-bankman-fried-ftx-cryptocurrency-effective-altruism-crypto-bahamas-philanthropy
A bank can lend out money, subject to fractional reserve, and backed by real assets. If all else fails, the Fed pickup the tab.
FTX took customer deposits and lend it out. There is no real asset other than cryptos, which are in free-fall. Finally, there is no Fed to pick up the mess.
VCs losing their shirts are OK, That\'s their game and business. People who put Ontario Teacher\'s Pension fund in crypto gambling should be fired and send to same cell with SBF.
Has that actually happened?? I ask because fund managers who deal with
pensions generally have certain strict criteria about what they can
and can\'t invest in. For pensions, the rating of an investment needs
to be AAA or perhaps AAB depending. But crapto shouldn\'t even have a
rating at all. It\'s purely and simply a speculative fad and like any
other, once it turns parabolic from demand from \'the little people\'
it\'s time to GTFO of it. No way should any pension fund even
contemplate holding any garbage grade crap like that.