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NOT FINANCIAL ADVICE!
2/23/2021 Am I Too Late to buy bitcoin?
NO, you can always start.
Protect your buying power, buy 10.00 worth of satoshi every week or month cause you are not late.
Are you willing to hold paper money that is losing buying power and worth less and less?
March 7, 2014 The Father of Bitcoin Found Living in California
Bitcoin was created by Satoshi Nakamoto <more> Temple City Los Angeles’s San Gabriel foothills in CA hole up in the family home and leaves his estimated $400 million of Bitcoin riches untouched. At the age of 23, after graduating from California State Polytechnic University, he …
“BITCOIN IS ART “
– ART CHANGES YOUR PERCEPTION
– BITCOIN IS TECHNOLOGY
– ART + CODE = POETRY
– BITCOIN CHANGES YOUR PERCEPTION OF FINANCE.
– BITCOIN IS A DIGITAL FINANCIAL SYSTEM FOR THE 21ST CENTURY SYSTEM USING TECHNOLOGY THAT WILL CHANGE THE WORLD’S PERCEPTION OF MONEY FOREVER.
– ART CHANGES THE WORLD” k. e.”
NIC CARTER
“In outer space, the concept of the 24-hour day is irrelevant. Rather than seeing Bitcoin as the basis of an interstellar monetary system, think of the 10-minute block time as the basis of a new interstellar clock.”
Q: Why does Bitcoin have a 10 minute blocktime?
A: well first of all let us establish the speed of light and the diameter of the earth 10 minutes is roughly 100*(size of earth in light seconds, including losses). 10 minutes is in a certain sense a measurement of the size of the earth.
The factor of 100 was created by Satoshi to ensure two miners didn’t mine a block at the same time more than 1% of the time.
Bitcoin vs. Visa Settlement Time
Bitcoin settlement time is in seconds – actually much less.
Visa settlement is days.
“Comparisons to Visa should be met with extreme skepticism. Bitcoin is a full-stack monetary system with no outside dependencies; Visa is a small part of the U.S. dollar stack that relies on 11 aircraft carriers patrolling the world’s oceans and enforcing dollar hegemony”
Jan 11, 2021 Preston Pysh
The Investors Podcast Network
33:24 The Rube Goldberg Machine of Bank Settlements
The U.S. financial system is based on COBOL. The systems are built on top of each other. They didn’t replace the older systems. They are all running on computers from 20 years ago using COBOL, they are exchanging faxes.
36:00 Banks can do “Clearance with Blockchain”
The January 2021 Statement from the OCC Comptroller that the Banks are allowed to use the public Blockchain! The banks will depend on this for their survival. The government needs the Bitcoin Blockchain for banks to survive.
Game Changing! It’s a competition between Nation States.
Front run Inflation 28:44 / 40:49 Video
When Money Dies: The Nightmare of the Weimar Hyper-inflation by Adam Ferguson This book is about the collapse of the Weimar Republic in Germany shortly after WW 1, which was prefaced by a period of deflation. The collapse was distinguished by a period of severe hyperinflation that rendered the German currency worthless. [more ]
The #Blockchain doesn’t just replace your bank – it enables you to *become* the bank.
Bitfinex / Tether
Attorney General James Ends Virtual Currency Trading Platform Bitfinex’s Illegal Activities in New York
Bitfinex and Tether Must Submit to Mandatory Reporting on Efforts to Stop New York Trading.
Bitfinex and Tether Deceived Clients and Market by Overstating Reserves, Hiding Approximately $850 Million in Losses Around the Globe
Dear @NewYorkStateAG, I’d like to report that all dollars are unbacked. ~@ErikVoorhees
Hopes, Expectations, Black Holes, and Revelations — or How I Learned To Stop Worrying and Love Tether | by Bryce Weiner | Dec, 2020 | Medium
GOOD NEWS
Whitfield Diffie, coinventor of the mathematics underlying modern encryption, told the story of his discovery.
Stanford CISAC Diffie spent the 1990s working to protect the individual and business right to use encryption, for which he argues in the book Privacy on the Line, the Politics of Wiretapping and Encryption, which he wrote jointly with Susan Landau. Diffie is a Marconi fellow and the recipient of a number of awards including the National Computer Systems Security Award (given jointly by NIST and NSA) and the Franklin Institute’s Levy Prize.
Tim Berners-Lee’s plan to save the internet: give us back control of our data