Recent Comments

I've almost entirely stayed out of bitcoin for one simple reason. I've never had anybody clearly explain to me what it is and how it works in a way that I could understand it. I even have a friend who writes articles about it...but the articles sound like gibberish to me. And...I was a Series 7 and Series 66. 8^o

As an engineer who has studied vaccines and infection control to great depths for decades for my work, lost a father and close friend to covid, and has a vaccine-injured son - permanently disabled...after watching Fauci lie to Congress I think he should be arrested, charged and executed. And, I'm the oddball who is opposed to capital punishment for one simple reason. Sometimes the government gets it wrong. In this case they get it wrong if they don't carry out proper justice. If we don't do that let's put him in the ring with me for three rounds and sell pay-per-view to help everybody who's now disabled (I know one) by the mRNA jab. I'd string it out for three rounds.

The overarching question is key. Can we guarantee that the HUGE numbers cannot be crunched.

Every prior technology is no obsolete. MOSTLY due to unfathomable speed increases, and pure genius attacks.

After witnessing these attacks the ECSD algorithms were created to prevent this. Even the process of "Signing" A transaction is cool. It literally uses another randomly generated key as a signature.

Currently, I believe Quantum to be a lark. Like most of modern physics, it works "on paper". Every time they get close, someone finds a unique approach to solving the problems using new algorithms and old computers.

That said. There are 2-3 things Modern Crypto could do to easily FIX this. The first is the usage of Quantum resistant algorithms. Other approaches could include an MFA approach where you have to Authorize using a secondary account on another blockchain. Making it nearly impossible, because you have have to crack the MFA in order to then attack the wallet. Another option is for the user to manage 2 linked addresses. And to temporarily set a flag in one linked address indicating a pre-approved transaction that is soon to be coming, with a timeout feature. (Like Positive Pay used by banking to make sure stolen/signed checks cannot be cashed).

What's great is that once you are using an application to sign your stuff, configuring it to doubly sign a transaction is no big deal for the application.

Most of the improvements EITHER require an extra step or two... Or TRUSTING a 3rd Party. Or a Multi-Sig.

We are early. There is a lot of room for innovation. But the odds of "hacking" someones keys are infinitesimally small. Right now, the cost to hack 256 bit ECDSA is EONS of time PLUS 1 Huge Hard Disk for EVERY DOLLAR of US DEBT.

SIDE NOTE: One of the reasons it was created, was that IF WE FORCED our governments to use BTC. We could trace EVERY DOLLAR Spent! Don't forget this. This came about after finding Government "Employees" and elected officials siphoned of TONS of money, and were buying Islands, and land owned by offshore banking companies with law firms specializing in hiding this stuff.

True. But for the charges other than perjury, I think someone else would have to be on trial and then Hunter would have to be linked to him/her. But I sure can see him perjuring himself.

Not just contempt. Depending on the circumstances you could add:
• Perjury
• conspiracy to cover up
• aiding and abetting
• accessory after the fact

+1 for reference! Love that movie, and that scene!

“Ohh, and Hanover.”
“Huh?”
“Good bye Hanover”


“I might come home someday and find you screwing the toaster.” “You’ll just have to trust me”

I'm with you on this one, FFA. To quote Hanover Fiste talking about Captain Sternn (although I would change he and him in this quote to they and them:

"He's nothing but a low-down, double-dealing, backstabbing, larcenous perverted worm! Hanging's too good for him. Burning's too good for him! He should be torn into little bitsy pieces and buried alive!"

They may have buried stuff starting in 2019, but I can't see the libs in general having enough integrity to destroy something when they know they may be able to use it later against that person or business or government. And the Dems used the power of the US Government against Trump, knowing with certainty that even if he wasn't in jail, there's no way he'd have time to do any politicking. When that failed, they resorted to trying to kill him. I believe that while you're probably right about shit being buried for years, the physical and electronic shredders didn't really get going until about 10pm EST on that wonderful Tuesday night.

Not to mention Hitlery's treasonous destruction of her illegal email server.
I'm hoping that Musk and Kennedy can effectively NIFO.

The original “value” behind crypto was the blockchain process involved that “guaranteed” the security of the coin through uniquity. Over the short existence of the entity other “value” has been added that, in some ways, mimics gold or tulips.

When quantum computers and other unforeseen number crunchers easily break the crypto process used to create the coin, can the “value” be maintained?


🤔

Maybe there is a way to get to the bottom of this, but I think all the evidence is gone, and the investigation will simply go down as a giant pointless witch hunt in most circles. This accomplishes nothing.

If we really found a smoking gun, and everyone understood the Constitutional disaster it was, that might help a lot, but I just don’t think it will happen. They have had 6 years to bury the information, beginning with deleting all the record at the request of the Chinese in 2019.

Pardons make them look guilty. That is all we are going to get.

The first liberals...brilliant.

But what then? There would be no means of getting to -- and showing the world -- the truth behind what the DS has done, most recently them working with the Chinese to create and then release the Chinese/Wuhan virus and the theft of the 2020 presidential election. With pardons, they could all tell you, me, and the rest of us to go screw ourselves, and that would be the end of it.

I donno. Maybe it belongs to Kelley.

The Presidential pardon was to provide relief to persons wrongly convicted, or persons who have been convicted and paid their penalties. The pardoning power was neither intended, nor is it constitutional to effectively make a person immune from prosecution for undefined, possibly unsuspected, illegal actions both past or prospective, and if Biden uses it to effectively create a legal bubble wrap around his political pals, he should be immediately impeached by the Republican House and convicted by a Republican led 2/3rds Senate when the GOP becomes the majority on January 3rd.

I have to say Bitcoin is already unregulated. And anything within the power of government is a corrupt /manipulated currency.
1. Digital is one thing.
2. Deregulation or a gold/x standard and eliminating the Fed is a completely different thing.
Bitcoin conflates the two. You are arguing for 2, and I agree, but that is separate from 1.

So, the point is that the current system was DESIGNED to steal from us. From the ground up.

Private Bankers control it. If we actually had a national Digital Currency, controlled properly (Decentralized). (effectively the fed window could literally be done via digital contracts).

Then I see a place for BOTH still.
I got side tracked making the core point. Sorry.

We could have a digital currency, and still want/use BTC for long-term savings. The equivalent of Digital Gold, so to speak.

But imagine a currency that could not just be inflated to the hilt. And one in which the bonds are sold, and the payments from the "fed window interest rates" are paid to the bond holders.

The amount of this currency would have to float, and that keeps it separate from BTC. But, on the other hand. The RATE could ratchet up, dynamically based on the leverage, which would become putative for CB with a 42 leverage ratio (42:1 Borrowing).

That is entirely separate. Ok, I agree. What about bitcoin?

What is your point? Neither is backed by anything is my point.

My daughter loved her comedy...
Her favorite skit is when she talks about "Grow a pair!"

Honestly, that's a horrible way to say toughen up... To grow a pair? Have you seen what happens when a guy gets kicked in that pair? He's DONE.

Now... A V-Jay-Jay... That is built to take a pounding!

ROTFLMAO. Dirty old woman!

For the last one...

The mechanic thought it was Genius...

Until he learned the truck was owned by
Rand Pauls First Wife!

She will be suing...
Mostly because her Husband Noticed it!
LOL

Congrats. You played around.
That's how you learn.

Money detached from Governments and Bankers.
It's amazing.
One day Gulchers will be like "We KNEW it would come to this!"... LOL

Actually, I recommended to Vivek that they NATIONALIZE the Federal Reserve. Take the Fed Window, and collect 1% when banks lever up the balance sheet (this is the M3 money supply, typically 15x the M1 borrowed money). Then if you collect 1% on M3, that's equal to 15% of M1. Which gives you room to pay 5% on M1, and then start paying down the debts with the remainder.

FWIW, that Fed Window is a wonderful source of UNTAXED INCOME for the owners of the Fed who put up ZERO collateral, pay no taxes on their dividends, and do not even have to disclose who owns them... BUT when they get in trouble are always bailed out. (reason alone to nationalize them).

Well Said.
Again, everyone I know hits the Saylor Rule. Within the first 10-20hrs you think it's junk, garbage a Ponzi scheme. Once you get past that, you realize our current system (provably unstable) is a problem.

Lowering Costs for the same unit good is deflationary.
Yes, there is economic driven deflation.
That's usually "bad", but I think we have been mis-educated on that, by bankers who profit from inflation.

But the point is. Over time, processes improve and costs come down.

Look at the price of a bushel of corn for the last 30 years. BEFORE you do. Ask yourself how much HIGHER or LOWER you expect it was in the past?

Innovation will drive the cost of production lower. It's a COMPLAINT of many about Capitalism destroying things. It destroys inefficiencies.
It rewards innovation.

FWIW, sounds money means the interest rate is your signal. Risky things cost more to borrow than non-risky things. All of this is lost in todays world.