#cryptocurrency

See tagged statuses in the local bookrastinating.com community

“WAGMI” — we're all gonna make it — was crypto's 2021 rallying cry. But those with wealth and power knew it was a lie, and that “all” just meant them. My latest traces the last five years from hype to technoligarchy — and why they're not all gonna make it either.

https://www.citationneeded.news/the-year-of-technoligarchy/

The US Democratic party has been abjectly failing in so many ways. This is such a sad and frustrating read on the failures with respect to cryptocurrency regulation: https://lpeproject.org/blog/inside-the-failure-to-regulate-stablecoins/

What was and still is at stake is the balance between technology and humanity struck by the US federal government. The same incoherence that led us to where we are with crypto is almost surely also at play with the apparent lack of movement around generative AI.


after murdering a bunch of couriers on some (alleged) drug boats trump now intends to pardon former president of Juan Orlando who, in between trafficking at least 400 tonnes of cocaine into the US because he wanted to “shove drugs right up the noses of the gringos”, was the guy who set up the network state city of with Peter etc. as a “special economic zone”.

> "The zone recently made legal tender and passed legislation facilitating the issuance of Bitcoin bonds. Próspera’s investors include Silicon Valley heavyweights such as Peter Thiel and Marc Andreessen through Capital."

99% chance it’s the Network State/Nerd Reich guys (thiel, andreessen, etc.) up in trump’s ear telling him a cocaine kingpin with whom they founded a fake country deserves a pardon at the same time as they encourage him to …

For the curious among you, I really do recommend you read the man's text messages. Especially the text messages to/from Epstein's bestie . While you're there you can also read about how Jeffrey Epstein was funding the core development team starting from around 2015 at (possibly until his death).

Also made some improvements to the Epstein text messages page:

- Highlighted important names ("trump", "jabor", "brock", "", "", "", etc)

- Deanonymized (with help) as many of the emails as I could manage based on various kinds of clues, including the signature lines.

- Added an "Other Files" section at the bottom with preview text + links to raw files that are neither emails nor iMessage log files.

- Various other forms of analysis (common signatures, …

Content warning Shitpost, crypto

is the future of !
"I can’t help noticing that Pix is actually achieving what boosters claimed, falsely, to be able to deliver through the blockchain—low transaction costs and financial inclusion. Compare the 93% of Brazilians using Pix to the 2% of Americans who used cryptocurrency to buy something or make a payment in 2024.
Oh, and using Pix doesn’t create an incentive to kidnap people and torture them until they give up their crypto keys."

https://paulkrugman.substack.com/p/has-brazil-invented-the-future-of