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News & Quotes

news, quick posts, messages.

Trump is being misled into promoting crypto scams

What I have feared is happening: President-elect Donald Trump will meet privately with Coinbase CEO Brian Armstrong and is expected to discuss appointments. One of the biggest worries I have about the incoming administration is that it is gaining a misunderstanding of the nature of the crypto world and starting to trust wrong sources and theories that promulgate crypto scams and lead to the worst kind of centralization (the opposite of what is being promised).… Read More »Trump is being misled into promoting crypto scams

Warren Buffett vs. Michael Saylor

Michael Saylor criticizes Warren Buffett holding $325B in cash: “They are destroying $3B a month in shareholder capital. They are generating a 3% after tax yield at best and the cost of capital is 15%. Take 12% negative real yield, $325B times 12% is what the shareholders are paying for that.” “If I had an hour alone with Buffet in a calm environment, I’d walk out and he’d say that this Bitcoin $BTC thing is… Read More »Warren Buffett vs. Michael Saylor

Bitcoin and electronic cash

In a post on the X-Platform, Dr. Wright gives a great explanation of bitcoin as electronic cash from a sound and practical legal perspective. Unfortunately, it goes way beyond the cognitive sphere of the BTC and will unsurprisingly bring little enlightenment to that world. I see Dr. Wright consistently doing a superior type of abstract thinking while BTC followers consistently commit the error of an inferior type of abstract thinking. There is a need to… Read More »Bitcoin and electronic cash

Stock Market Amplified Ponzi Schemes (SMAPs)

Peter Schiff (@PeterSchiff) posted on X-platform calling the committed BTC buyer Michael Saylor the Egg Man. Mr. Schiff’s post is funny, but does not capture the true deceptiveness (and effectiveness) of Saylor’s BTC scheme. Saylor’s scheme is a Stock Market Amplified Ponzi (SMAP) scheme. It is quite simple but terribly effective, thanks to its deceptiveness and the crowd’s propensity to fall for such deceptive schemes. It all starts with BTC, which is already a classic… Read More »Stock Market Amplified Ponzi Schemes (SMAPs)

Entertainment and reality

Elon Musk posted on X questioning why people side with the resistance in apocalyptic films but don’t do the same in reality. That’s not surprising. All entertainment, even that which is inspired and positive, is being secretly manipulated by Satan to numb the human sense of reality (both evil and righteousness). For example, apocalyptic films mostly don’t achieve any sense of biblical pre-warning but only create two alternative effects: first is a false sense that… Read More »Entertainment and reality

Truth and academic credentials

Here is a post on Twitter about Bill Gates. I have no problem with the point being made there, but it is based on fallacious reasoning. Bill Gates is wrong about vaccination because he is misled by his own ungodly view of the world and life, not because he doesn’t have a formal academic degree in medical science. Gates’ knowledge of biological sciences is broad and quite deep, I would say even beyond most PhDs… Read More »Truth and academic credentials

“(AI) World models should not be generative”

Yann LeCun, VP & Chief AI Scientist at Meta, made an interesting post on LinkedIn about AI world models: Post | Feed | LinkedIn. The short post may just be one of the most important posts on AI. “World models should not be generative.” I always knew this was the case, but it is great to see empirical confirmation. If one is willing to go beyond the mere empirical, he may start to see the… Read More »“(AI) World models should not be generative”

Discovering the real blockchain

Behrad Babaee, a technology evangelist in Aerospike, writes about why he changed his mind about blockchain: Why I Changed My Mind About Blockchain – The New Stack The article gives insights on database scalability and how a scalable blockchain like BSV solves the problem. The good news is that top IT system architects in the world aren’t fooled by the crypto schemes. They even rightfully despise it. But the bad news is that they don’t… Read More »Discovering the real blockchain

Universal Blockchain Assets

Dr. Owen Vaughan of nChain has published and presented his work on Universal Blockchain Assets. The Universal Blockchain Assets (UBA) is a novel protocol for issuing and transferring tokens across blockchains without the need for a trusted third party or cross-chain bridge. In the UBA scheme, the blockchain is used for double-spend protection only, while the authorization of token transfers is performed off-chain. Due to the universality of the approach, it works in almost all blockchain… Read More »Universal Blockchain Assets

Bitcoin, decentralization and distributed computing

I don’t understand celebrating a tiny database & nodes…🤷‍♀️ I want peer-2-peer electronic cash. Scaling matters. Robin deLisser on LinkedIn Robin is right.  Scaling matters. Scaling isn’t a mere quantitative advantage in that more of the same stuff is done, but more importantly a qualitative advantage because it enables new things that couldn’t be done without the scale. See The Structural Impact of The Cost of Transaction (CoT). Regarding distributed computing, the decentralization of the… Read More »Bitcoin, decentralization and distributed computing