@FatManTerra sends the warning:
A verified source has confirmed that Zhu Su, the CEO of 3AC, owned a megayacht worth $50m that he would show off to friends and prospective investors to signal his luxurious wealth. This yacht was purchased with borrowed money, and 3AC has been unable to cover it beyond the down.
Addendum: despite Zhu showing off ownership of the yacht and pictures of it (according to the source who gave me this info), he didn’t even have the yacht in-person yet! It is actually scheduled to be delivered next month. (Credit to @lawmaster>
Smart Contracts
Ethereum (and any other shitcoin) wouldn’t exist if it weren’t for Bitcoin. Period. And Bitcoin shouldn’t even be in the same conversation as Ethereum. Bitcoin is all there is and all that matters.
For those who haven’t put the time into learning and need to hear/read this – “Smart contracts” – are doable on Bitcoin anyway; they’re just usually pointless “oracle” based algorithms and we recognize them as nearly universally scams. #SmartContracts
#Satoshi built #SmartContract opcodes into the bitcoin client, most of which were removed because they compromised security. Bitcoin devs have long understood that smart contracts’ proper place is higher layers, which is now bearing fruit with Lightning & federal designs. Also smart contracts have been around long before ethereum. see szabo, nick
Bitcoin has very powerful #L1 smart contracts.
#Lightning has services with multiple million users enabling it for faster cheaper payments: – CashApp – Bitfinex – Kraken – Paxful – Chivo – Robinhood. Add all these up and it’s well over 50M users
Engineers Michael Saylor and Gregg Foss
∞/21M
Michael J. Saylor is an American entrepreneur and business executive, who co-founded and leads MicroStrategy, a company that provides business intelligence, mobile software, and cloud-based services.
“Bitcoin will do 100x” – Michael Saylor Bitcoin Interview First Principals Bitcoin is digital Energy, incorruptible, indestructible, programmable, it lasts forever. Bitcoin is 100 times bigger than the next digital energy network, it’s the dominant one. Watch the video!
American entrepreneur and business executive, who co-founded and leads MicroStrategy, a company that provides business intelligence, mobile software, and cloud-based services.
#MichaelSaylor #Bitcoin #Crypto
Greg Foss Power Development / Bitcoin Strategist
Oakville, Ontario, Canada
2 years in high-yield credit trading and analysis as PM and trader.
Bitcoin enthusiast/realist. G-7 balance sheets (total debt to GDP) will cause all fiat currencies to depreciate. It is only math. Embrace bitcoin as a hedge against the debt spiral and the beggar thy neighbor strategy employed by all governments and central banks.
The fractional banking system facilitates this imbalance. Quantitative easing exacerbates the imbalance. All portfolios need to hedge these risks. 1-3% exposure to bitcoin is prudent risk management. BTC = digital gold and digital electricity.
“Nobody Did The Maths” – Greg Foss Bitcoin Interview In todays’ video, Greg Foss tells us all about the Fiat Ponzi, what it is and details why it will collapse and Bitcoin will thrive and succeed, over Fiat.
Foss, who is now retired, began his career as a bond trader on Wall Street, which he feels has given him a clear sense of the mathematical ramifications of what’s really going on, leading him to believe that Bitcoin is the only ‘anti-fiat’ choice. #GregFoss #Bitcoin #Crypto
“These Are My Targets” – Greg Foss Bitcoin (my Ah Ha moment was in 2016)
In todays’ video, Greg Foss discussed why he is a Bitcoin supporter, and you should accept it as a hedge against the debt spiral, and why all fiat currencies will devalue as a result of the G-7 balance sheets (total debt to GDP).
Foss, who is now retired, began his career as a bond trader on Wall Street, which he feels has given him a clear sense of the mathematical ramifications of what’s really going on, leading him to believe that Bitcoin is the only ‘anti-fiat’ choice.
“My Plan To This Chaos” Michael Saylor talks about the opportunities Bitcoin provides to the American people and how it has the ability to disrupt today’s financial and commercial use. He also compares Bitcoin and Crypto to traditional stock market and gold.
#GOLD
Bitcoin 21 million is the hardest money known in history and has the ability to disrupt today’s financial and commercial use. Gold isn’t scarce they just found a trillion dollars of it last week.
The Congolese Mountain of Gold: Surprise Discovery in Africa Shows Metal’s Scarcity Is Hard to Prove
Estimates say only 2,500 to 3,000 tons of new gold is produced annually. a whole mountain of gold was discovered in the Congo, as the Democratic Republic of the Congo is well known for being a region that sees tons of smuggled gold filtered into the global financial system unreported. A crypto-asset like BTC is considered a lot scarcer than gold, and the protocol ensures there won’t be any surprise discoveries or underreported issuance. SURPRISE The 226-kilometer wide asteroid is made of gold and other metals with an estimated value of around 10,000 quadrillion-dollars.
California Tries to Close the Gap in Math, but Sets Off a Backlash
If everything had gone according to plan, California would have approved new guidelines this month for math education in public schools. But ever since a draft was opened for public comment in February, the recommendations have set off a fierce debate over not only how to teach math, but also how to solve a problem more intractable than Fermat’s last theorem: closing the racial and socioeconomic disparities in achievement that persist at every level of math education.
California guidelines, which are not binding, could overhaul the way many school districts approach math instruction. The draft rejected the idea of naturally gifted children, recommended against shifting certain students into accelerated courses in middle school and tried to promote high-level math courses that could serve as alternatives to calculus, like data science or statistics. The draft also suggested that math should not be colorblind and that teachers could use lessons to explore social justice — for example, by looking out for gender stereotypes in word problems, or applying math concepts to topics like immigration or inequality.
LOOK at what our “American Leaders” are doing
What Schools have any American Presidents built for the citizens of the United States lately? CAUSE THEY DON’T INVEST IN BITCOIN!
The iconic Bitcoin (BTC) white paper celebrates thirteen years of financial disruption after being first published on Oct. 31, 2008, by an anonymous person or entity named Satoshi Nakamoto. While Bitcoin was initially perceived as a threat by traditional financial institutions, thirteen years of community support and a growing user base have made Bitcoin one of the most profitable investments for the internet age
Coinme is the first state-licensed bitcoin ATM company in the U.S. The company also expanded to include digital wallet and private client services.
Federal Reserve to Taper Money Printing That Fueled Bitcoin Bets.
$120 billion of monthly bond purchases has provided a tailwind for bitcoin as investors see the cryptocurrency as a hedge against dollar.
JPMorgan renews prediction that bitcoin could hit $146,000 – and says it’s acting more like digital gold than ever. The bank says bitcoin is increasingly looking like a digital alternative to gold in the eyes of investors. It said cryptos are “are an emerging asset. JPMorgan renews prediction that bitcoin could hit $146,000 – and says it’s acting more like digital gold than ever.
Kleiman v. Wright: Bitcoin’s Trial of the Century Kicks Off in Miami –
Wright, an Australian computer scientist and early cryptocurrency pioneer,has been claiming to be the pseudonymous creator of Bitcoin since 2016. Cut to the chase, Wright is a FRAUD.
It’s 2010 all over again. Literally no one learned a fucking thing. Biden, the guy that ran with Obama in order to court the centrists and moderate right? The guy who thinks he can still compromise with republicans after having been vice president during the creation of the ACA? Biden should of gone in on Manchin and started inquiries into his daughters EPI pen dealings. That and started auditing the states mines to help put pressure on Manchin.
Sinema would of been easier to coax into voting for the initial deal Biden wanted.
2 democrats and the 50 Republicans just get a free pass at being assholes. Biden let 2 Senators derail his entire agenda — no wonder Democrats aren’t voting – nothing gets done!
Moderate Dems keep undercutting Progressives. Progressive policies have shown to be extremely popular yet Dem leadership refuses to support progressive candidates.
Abolish the Senate: 52 Senators are opposing the progressive parts of this reconciliation bill.
Fifty of them are Republicans, Two of them – paid off by Koch – are not actually democrates but paid off puppets. That means 95% of Dems are in support of it.Every story that mentions Manchin or Sinema holding up the bill should make a note that 50 Republicans are under Moscow Mitch’s thumb and doing nothing at all.
UNDERGROUND MARKETS
Senate targets foreign-donor loophole
Sen. Kirsten Gillibrand (D-N.Y.) is introducing legislation barring foreign nationals from financing U.S. referendum campaigns, after Axios revealed federal regulators recently okayed the practice.
Why it matters: Gillibrand’s bill would close what good government advocates call a glaring loophole in federal election laws allowing foreign nationals to bankroll efforts to reshape state and local laws.
NSO Group: Israeli spyware company added to US trade blacklist
NSO Group, which makes the Pegasus spyware, acted against US interests, officials say.
Finding foreign agents: An odd group of congressional bedfellows will introduce a bill Thursday to fully standardize and digitize the process of registering foreign agents — making it far easier for the public to search and enforce the federal database.
Bitcoin Celebrates 13 Year Anniversary Of The Bitcoin Whitepaper
The iconic Bitcoin (BTC) white paper celebrates thirteen years of financial disruption after being first published on Oct. 31, 2008, by an anonymous person or entity named Satoshi Nakamoto. While Bitcoin was initially perceived as a threat by traditional financial institutions, thirteen years of community support and a growing user base have made Bitcoin one of the most profitable investments for the internet age
THE AGE OF BITCOIN
The iconic #Bitcoin logo was created by an unknown artist 11 years ago this week.
“Bitcoin is complicated and scary. Just like fire, electricity,computers, and every other ground-breaking invention before it.
It is complicated and scary because most people do not understand how it works and why it might be useful.”
“Converting to a Bitcoin standard will cut global energy usage by 75%. More than 51% of the remaining energy output will be used by Bitcoin.” — Max Keiser
Half Of Millennials Are Comfortable In Owning Crypto
Specifically, 49% of millennials were okay with crypto investments, 37% of generation X, and 22% of the baby boomer generation. Despite real estate still being a popular choice in general, bitcoin still appeals more to millennials than the housing market. Real estate and equity remain popular choices for older Americans, but there’s no denying the trend of increased crypto investments
Creator of the popular Bitcoin price prediction chart “stock-to-flow” (S2F), PlanB forecasts that bitcoin (BTC) to reach $98,000 this November 2021
Paytm, a digital payments firm and India’s 2nd largest internet company may soon allow the 1.3 billion Indians to use #Bitcoin.
Samson Mow The #LightningNetwork has a theoretical throughput of 40 million #TPS. That’s the equivalent of 14.4 TB size blocks every 10 min. Lightning enables #Bitcoin to be a planetary scale decentralized medium of exchange. This calculation is based on research on the upper limit of transactions per second a channel can support being 500 tps.
Adam Back @adam3us Nov 4 Replying to @elonmusk
“maybe this scaling analogy helps clarify why blockchains have layers, same way rockets have stages: internet physics.”
SAYLOR SAYS
If you Follow Saylor long enough you’ll be all in on BTC.
The Saylor Series | Episode 1 | The Rise of Man through The Stone and Iron Ages
The Predator-Prey Dynamics Of Bitcoin: Michael Saylor – Bitcoin Magazine
The Saylor Series | Episode 4 | Bitcoin: The First Digital Monetary Energy Network
Michael Saylor joins me to discuss anthropology, energy, and technology from first principles as we build the intellectual foundation necessary to truly grasp the historic significance of Bitcoin.
Michael Saylor and Robert Breedlove discuss how Bitcoin is Cybernetic Life and dematerializes almost everything: accounting, finance, compliance, banking, security, politics, weapons, war, work, capitalism and property.
This Bitcoin Battle Is Not Going To Be Easy
https://www.youtube.com/watch?v=cPlAJbCn1VE
Michael Saylor on the What is Money podcast
The Saylor Series | Episode 17 | How Bitcoin Changes Everything
The Saylor Series | Episode 4 | Bitcoin: The First Digital Monetary Energy Network
NFT Money laundering 2021
Ryan Patrick Kirlin @RyanPKirlin NFT people tell me this was a “flashloan.” Meaning, this individual took out a loan to fake someone buying it, bought from himself, then immediately payed the loan. WHO the hell gives out a $532 million loan to an individual? Even for an instant?
@cryptopunksbot
[Punk 9998 bought for 124,457,07 ETH ….]
Needless to say, this punk will never resell again.
Someone now has a $500M asset they can borrow against using it as collateral. Business Empires have been built on shadier foundations in the past … Welcome to the 21st Century! Marvellous isn’t it!?!
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