I had no idea the Winks were so heavily invested in shitcoins.

Listen, it's Bitcoin or stay home. None of the other cryptocurrencies... none of them... are anything but a scam.

I believe very strongly in the revolutionary potential of Bitcoin in world finance... It could, could be an absolutely transformative force in world affairs.

But I don't own any, because I have no freaking clue what the price is supposed to be.

And I am 1000% certain that its value to civilization is NOT as a get-rich-quick scheme. And anyone who approaches the topic on that level —pro or con, i.e., long or short— doesn't know what they're talking about.

Watch this video.

Then watch/listen to interviews of, or read any writings by, this man.

Tech just gets better and better.

Why Did Facebook Fire a Top Executive? Hint: It Had Something to Do With Trump

https://www.wsj.com/articles/why-did-facebook-fire-a-top-executive-hint-it-had-something-to-do-with-trump-1541965245

'“Multiple women have literally teared up in front of me in the last few days,” an engineering director, Srinivas Narayanan, wrote in one internal post following the meeting. Mr. Narayanan didn’t respond to requests for comment.'

Summarizes what is wrong with this country.

"the current hook-up scene is no chaos of random coupling; it is a Darwinian competition between women for the attentions of a relatively small number of men. This mating system’s predictable output—possibly its intended output—is a large number of disappointed young women ripe for a message of resentment and revenge upon the opposite sex."

https://www.theoccidentalobserver.net/2018/11/07/the-criminalization-of-masculinity/

We're descending into third world status -

A Prince George’s County police officer was suspended following reports that the officer demanded money from drivers in exchange for leniency with traffic violations, Police Chief Hank Stawinski said Saturday.

https://wtop.com/prince-georges-county/2018/11/prince-georges-co-officer-suspended-allegedly-demanded-money-during-traffic-stops/

Paper acceptance is a roll of the dice: 8 out of 9 papers previously accepted by highly regarded journals were rejected by reviewers after real names and academic affiliations were changed.

https://twitter.com/Chemosym/status/1061191665472430080

> It Had Something to
> Do With Trump

Remember, Snooplits, EVERYTHING has something to do with Trump. When you wake up in the morning, before you scratch your naughties or wipe your eyes, YOUR FIRST RESPONSIBILITY IS TO FIND SOMETHING TO DO WITH TRUMP AND PUT IT ON THE INTERNET. He's the wind in your sails, he's the sole source of purpose & meaning in your life... No arts, music, finance or literature could ever offer the enveloping network of motive and engagement which blossoms in your soul as you communicate about Donald Trump. First thing... This day and every day.

> We're descending into
> third world status -

You're programming your own mind just as a third- or fourth-tier cable TV producer would compose a low-rated program for HS dropouts... And you don't even get the revenue from ad sales.

Beware of large blue trucks.

https://www.liveleak.com/view?t=kGH1n_1541710967

Fake news, read all about it!

https://www.houstonchronicle.com/local/amp/Following-investigation-Houston-Chronicle-13375132.php

Monday morning heartbreak... A reminder not to compel our little girls to participate in the preposterous, physically punishing competition administered and regulated by sadistic assholes well out of the sight —and oversight— of anyone, including ourselves.

In case that needed to be said, and apparently it does.

Compelling metaphor.

Elegant solution.

> Remember, Snooplits, EVERYTHING has something to
> do with Trump.

Will Trump be the Last Republican President?

"I believe that Donald Trump will be the last Republican president many of us will ever see in our lifetimes. We hope that he will serve two terms, but even that is not a given, despite his popularity both personally and of his MAGA agenda. I’ll call it the three D’s, in honor of Trump’s first name Donald – demeanor, demographics, and deception."
https://www.americanthinker.com/articles/2018/11/will_trump_be_the_last_republican_president.html

After enough isekai novels I now know that Truck-san is how you travel to other dimensions.

Camille Paglia sums it up

https://twitter.com/wrathofgnon/status/1022272597726089216

"Listen, it's Bitcoin or stay home."

Nice to see you step away from your obsession for a minute.

"Electronic" currency represents the same risk a "cashless" society does, in that the immediate access to currency is controlled, not by individuals in the field, but by a central and unaccountable authority.

"Sorry, sir, you cannot buy anything here today. Your account is empty."
"Sorry, sir, you are prohibited from buying gasoline. You have exceeded your carbon credit."
"Sorry, sir, you may not buy ammunition. The system says you don't qualify. No, sir, you are still permitted to bear arms. No sir, I can't change your information. No sir, I don't know where that information is kept."

Because transactions might occur without paying taxes, cash is restricted by the Fed to control the currency. That will be so much easier when cash is eliminated!

An entertaining way to look at currency...

'43% of recent college grads are underemployed'?

A cynic might rephrase as '43% of a trillion-dollar industry's customers were swindled out of massive amounts of money by false promises and media hype about the economic value of a college degree'

https://twitter.com/primalpoly/status/1061992302048997383

An entertaining way to look at currency...

That movie had so much potential.. Unfortunately the dialogue was nothing but one-liners and gotcha! quips.

The future belongs to Dogecoin btw.

Sometimes you have to hit these gals where it hurts them the most

https://twitter.com/rickygervais/status/1061277856511213569

Online Journalists are finally going to be able to afford some meat this week with this piece of work:

https://twitter.com/jules_su/status/1061863141720637440

Ie. Teenage boys to something reckless and stupid.

> Nice to see you step away
> from your obsession

Nicest of all is your withdrawal from participation.

> controlled, not by individuals
> in the field, but by a central
> and unaccountable authority.

Quintessentially incorrect.... Metaphysically mistaken. Unlearned in all technical specifics... Psychologicalyl needful in its coarse desperation for protection by distant authorities. Also, your grammar's all fucked up. You could not be more wrong.

• "Electronic"

• "Sorry, sir, you..."

"Electronic" currency represents the same risk a "cashless" society does, in that the immediate access to currency is controlled, not by individuals in the field, but by a central and unaccountable authority. ~ Radwaste at November 12, 2018 9:32 AM

I don't think it's gonna work that way.

When was the last time you saw a currency's value set by a central authority? Because governments can't do that anymore. A government can decide it will give you US50¢ for 1 unit of its own currency, but if the market is giving US$1, the government's set value will have little effect.

Without instantaneous communication, governments were able to set the value of their currency and hold traders to that. Foreign Exchange was driven by government-set values against a known commodity (e.g., gold or silver). No longer. Today's currency markets fluctuate with supply and demand, not government mandates, setting the prices.

And almost every currency is traded today, some legally, some not. Breton Woods took the US off the gold standard, so the US government no longer sets the value of a dollar; the currency market sets the price. The US central bank (Federal Reserve) can buy back dollars or print more to try and effect a desired value, but cannot simply declare that value and have the market held to it.

Electronic currency will operate along the same lines. A business or "central authority" can set a price or value for the currency, but the market will determine the purchasing power or true value of the currency.

As for access to the currency, the government has very little access to the underpinnings of electronic currency today. Being digital, there is no central vault the government can seize, no central repository.

Digital currency is as close to true anarchy as we are ever likely to get. Any currency with heavy-handed government oversight will find itself joining the North Korean won as the unwanted stepchild at the currency banquet's kiddie table.

Women’s March Loses Human Rights Award Due To Rampant Anti-Semitism

https://www.dailywire.com/news/38247/womens-march-loses-human-rights-award-due-rampant-ashe-schow

Not satisfied with poisoning teenagers with its forbidden fruit; Tide is now targeting the teenagers' moms:

https://twitter.com/VICE/status/1062069331998269440

I present you Tide Prosecco.

What IS this "electronic currency" you guys are talking about?

Where are you getting this? Why is "central authority" in quotes?

People have been wiring money for a hunnert+ yeers.

> A business or "central authority" can
> set a price or value for the currency,
> but the market will determine the
> purchasing power or true value of
> the currency.

1. What's the difference? Is the price "set" or is it not?

2. Why two pairs, twice? First price or value and then a few words later purchasing power or true value... Eh?

What's the difference? Is the price "set" or is it not? ~ Crid at November 12, 2018 10:41 PM

It is, but only until the next transaction.

Why two pairs, twice? First price or value and then a few words later purchasing power or true value... Eh? ~ Crid at November 12, 2018 10:41 PM

Too much coffee.

It's a real estate thing. Price is what you want for your house. Value is what you're going to get for it. The seller sets the price, the market sets the value.

Governments or any sort of "central authority" can try to set a fixed currency values, but the market is going to do what it's going to do.

And if the currency - digital, electronic, or otherwise - does not keep up with the market, a new medium of exchange will be found. When hyper-inflation racked Weimar Germany in the '20s, people spent their paychecks immediately on anything that would hold value, even pianos. Later, they traded that anything for what they needed.

Purchasing power is true value, but too many people look at you like a dog trying to figure out algebra when you say "purchasing power."

> only until the next transaction.

Such a phenomenon is called a "price." As in, 'I got a great price on a '65 Byrdland in 1988, but you won't do that well today.'

"When was the last time you saw a currency's value set by a central authority? Because governments can't do that anymore."

No Conan, that's been true for a long time. You brought up Weimar Germany as an example even.

A key part of 'money' is making sure that the thing you are making the money out of is worth far less than the 'value' of the money. Otherwise people just melt the coins or whatever down and use the base materials. (or plant the tulips)

As for Snoopy's point, cryptocurrencies are just a number in a machine. In order to make sure you are the actual owner of that number you need some centralized clearinghouse. The actual number is completely replicable. Just because I have a '3' on my computer doesn't mean you can't have a '3' on yours. Bitcoin has tried to deal with this by making the clearinghouse a distributed network. I.e. it resides on multiple people's computers. But you still have multiple points of failure. The most obvious one being you need access to the internet in order to contact the clearinghouse. Now consider a situation like China. And while they are the most famous with their great firewall of China they are hardly the only one doing such things. Even here in the US the NSA's ability to break into such a P2P network and corrupt things is pretty trivial. Some spook who is crushing on you and willing to break protocol a bit to empty your bank account out would be trivially easy. A physical good like dollar bills or coins it becomes much harder to do such a thing.

> In order to make sure you are
> the actual owner of that number
> you need some centralized
> clearinghouse.

You guys are doing horrible things to language, not merely to a factual appraisal of the matters at hand. Seeing the weird shit rolling around in people's brains makes the '08 seem a lot less freakish in retrospect... We get these weird, almost prayerful expressions of submission to distant, incompetent authority with magical powers... Like a child not actually understanding why Daddy doesn't want you playing with matches.

"Centralized clearinghouse."

"You need" one.

I note snark. What I fail to note is any sort of factual rebuttal. Crid, you could have at least spouted some useless buzzwords like 'blockchain'.

Ben, go blow a giraffe... You can follow the links or you can blow your brains out with a sidearm. You're a grown man... No one on the surface of this spinny little globe loves you enough to hold your hand while you tearfully recant your ever-accruing stupidities.

Child, do your GOD DAMN homework

"Nicest of all is your withdrawal from participation."

Not suffering from Trump Derangement Syndrome, I have no need to acknowledge your every post about him. I recall your saying, "Chicks dig me"; perhaps you should associate with one romantically so that you have something else to do.

"It's obvious you've simply not done the reading."
Ah. Irony.

Not only has this very blog discussed existing Federal controls on cash other than asset forfeiture, such that
• Bills over $100 are confiscated at banks
• Cash withdrawals over $2000 are reported by banks
• Repeated cash deposits of ~$10000 are reported

...thereby demonstrating governmental controls on currency, the dereliction of duty of the Bank of America was also noted by our hostess.

You may also not know that the AI of at least one national credit card company will freeze your account on the detection of "suspicious activity".

Also, I am reasonably sure that you know that Wall Street trading is throttled - so, digital controls, about which you have no say, exist today. That's my point.

That others determine what happens to your credit and to your ability to access your own earnings is simply not in doubt. Neither is the fact that government policies determine what value their basic unit has. See Brazil, Venezuela, Argentina, Somalia for examples.