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E127: Presidential Candidate Robert F. Kennedy Jr. in conversation with the Besties
67,057 views May 5, 2023 All-In with Chamath, Jason, Sacks & Friedberg
https://youtu.be/nA0OXZuaG0g
My Son works in I.T. development and he pays the subscription for ChatGPT. He uses it for coding and recently used it to aid in solving a software problem at work, for his boss, he then sent the ChatGPT logs to his boss to show him how the app helped out.
How The Fed Will Usher In Its “Miracle” Banking System Under Guise of Protecting You
Stansberry Research
109,103 views May 1, 2023
https://youtu.be/E-5gpSxGbqs
Good interview with Matthew Piepenburg
936 views Premiered 114 minutes ago
Real Vision Finance
"ChatGPT is like autocomplete on steroids."
Ash Bennington speaks with Mikhail Voloshin, CEO and principal engineer of Mighty Data, Inc. for an AI demo that will blow your mind.
https://youtu.be/d--cURS669Y
I'd go so far as to say 'they' need to pump and dump the banks into oblivion in order to effectively roll out their CBDC's, with version 33 (Masonic bollax) or version 3 in 2033 being the financial control device 'they' are headed towards.
When Banks have been resigned to history books....
I'd be more concerned holding Bank stocks over the next five years than I would holding BTC or BSV ;-)
US Banks getting obliterated, won't be long before all Banks go the way of the dinosaurs (if they were even real of course ;)
I don't invest in Gold either and industrial Diamonds can be manufactured. As far as discovering something different out there, it's unlikely; The periodic table of elements is well understood and documented, so any new elements would have to be at the bottom of the table and be heavy unstable elements. Any new materials will likely be a result of science on Earth and will be molecules/alloys using various elements in a unique way.
Bitcoin is just a blockchain organised in such a way as to control the rate of production using a difficulty algorithm and complex mathematical computations. Because of the complex calculations required to process each block, Bitcoin mining use vast amounts of electricity that could be used for more constructive uses. Imagine if the electricity wasted on Bitcoin was used to light and heat vertical farms for agricultural use, or producing Hydrogen from water through electrolysis and used to power vehicles or planes.
Blockchain is good, Bitcoin is a bad use of blockchain. The whole proof of work concept is a bad idea because of the amount of resource required to facilitate the processing of each 1MB block. The reason I don't like Bitcoin is because it's rubbish at what it does and has no uses that couldn't be done more efficiently using other technologies and processes.
The whole DeFi concept is flawed should commercial Quantum computing become possible, since the the current encryption protocols would be easily decrypted under those circumstances. With DeFi the whole database is accessible to anyone running a node and the whole idea of DeFi is that the information is stored on every node and the only protection is the encryption, which would be insecure for Quantum computers.
The financial and telecommunications world are already preparing for Quantum, with Quantum secure encryption and servers connected by links using technologies like Quantum Key Distribution, to detect intrusion on the interconnecting fibres. Criminals are already probably taking copies of the Bitcoin blockchain with a view to decrypting once the technology reaches a certain point, so I take all the hype about Crypto and DeFi with a huge pinch of salt. In the future, the most secure data will be data stored outside of the public domain, with Quantum secure encryption and firewalls, with data between servers carried over links which are resistant to sniffing off and capturing the data. DeFi and the current crypto protocols wont come close to being secure enough once Quantum kicks in. Quantum computers with the sufficient number of Qubits might be a decade or two away and may never happen, but the world is preparing for it either way.
https://www.global.toshiba/ww/news/corporate/2021/10/news-20211005-01.html
https://screenrant.com/quantum-computers-cryptocurrency-threat-are/
I agree with what you say regarding converting Bitcoin to Dollars. It would be the same if they accepted gold as payment. Not for one second do I beleive that Bitcoin will replace FIAT, however the technology that trails it is very useful in real world cryptology uses. Bitcoin, is to the crypto transaction world what The Telcan is to the home entertainment industry. New technologies have to start somewhere.
Gold is a great commodity, but with space exploration advancing the way it is, how long before something a whole lot better is discovered in a far away place. For instance it rains diamonds on Uranus and Neptune. There will be more gold out there too and when it is as abundant as iron ore....
Just because the CFTC has defined Bitcoin as a Commodity, it doesn't mean Bitcoin is a useful commodity. Comparing Bitcoin to Gold is part of the false narrative used to promote and hype Bitcoin up. I've mentioned it in previous posts, but Gold gained its hedging dominance because of its exceptional properties. What can you do with Bitcoin? You can store it, or trade it with other crypto enthusiasts and that's it; You previously used a Mercedes Benz dealership as an example of a real world Bitcoin use, but you can bet the transaction involves an immediate Dollar conversion in cases like that. Gold's exceptional properties make it useful for many different real world uses, which I wont bother listing as I've listed them before. I'd go as far as describing Bitcoin as a fake commodity, since it's intangible.
Bitcoin is clearly a commodity, such as gold. However it's started a revolution in the crypto world, where tokens can be used in the transfer of FIAT around the world at a lower cost than is currently 'sponged' by the world leaders in transfers.
Along with it comes 'blockchain technology', where every transfer is detailed. The attraction of this method of detail is that anyone using it is fully accountable for their action. No criminal goes unwatched. What's not to like? Unless you're a criminal...
There's a similarity between disaster preppers and Bitcoin enthusiasts. Preppers are preparing for the end of civilisation and the Bitcoiner's is preparing for the end of civilisation lol.
One group prepares by stocking up on supplies.
https://www.youtube.com/watch?v=Yw1I6_ZtLTk
The other group thinks the end of Fiat will lead to a crypto nirvana.
https://www.youtube.com/watch?v=5Z0__k7g2aQ
Personally I don't see any mechanism where unbacked Crypto currencies could replace Fiat. There are numerous flaws in the narratives touted for Crypto "currencies" like Bitcoin.
The Bitcoin enthusiasts claim that Fiat is unbacked, but that's clearly false. If a country's economy collapses, then the currency follows suit and collapses with it, so Fiat is clearly backed by the Economy of the country issuing the currency, what backs Bitcoin?
Another narrative is that Bitcoin has a limited supply, which is something I disagree with, but under that narrative what's to stop the worlds billionaires buying up all the bitcoin and controlling the World's money supply?
You'll always need intermediaries controlling financial transactions, they provide a gatekeeper function ensuring that both sides uphold their part of the transaction. They say Bitcoin can replace that function allowing buyers and sellers to deal directly, but you could do that with Fiat anyway, but without any security, so even with Crypto people would probably go through third party intermediaries anyway.
I could go on, but every single use case touting Crypto over Fiat can easily be debunked.
I enjoyed watching them on RT before the thought police stamped that out...
There are a lot of normies out there that see what is going on because of coldvid, WEF,WHO,Gates, Davos, money printing, countries endebtedness, inflation, AI, Gov corruption, big pharma persuasion/ corruption, Banks profiteering and corruption, industrial military complex ... the list goes on and on...
We'll see still early for Bitcoin and only 21 million BTC... ;-)
E126: Big Tech blow-out, Powell’s recession warning, lab-grown meat, RFK Jr shakes up race & more
No views Apr 28, 2023
https://youtu.be/3slYsEzJZoY
Why do you watch Punch & Judy? They're incredibly vested in the success of Bitcoin, so anything they say should be viewed with that in mind. Obviously if Billionaires continue to load up on Bitcoin, like Musk and Saylor did in 2020/21, then Bitcoin will go up, but it could just as easily go the other way if they start to dump. Time will tell what will happen, but if the we live in a sane World then Bitcoin should go the way of the Dodo.
Orange Pill [OP70] - Bitcoin is Winning
7,277 views Premiered Apr 27, 2023
https://youtu.be/0ARWA_py604
Just another vested interest talking his own book.
Bitcoin Inflation: Cost To Mine Will Skyrocket Next Year | Marathon Digital CEO Fred Thiel
David Lin
17,894 views Apr 26, 2023
https://youtu.be/5fdFGv3Osyw
"Apparently Einstein's Theory was flawed.."
It may not be perfect, but it explains the motion of planets and the warping of space around dense objects really well, as evidenced by the bending of light around stars and black holes.
"Still, physicists have plenty of reason for confidence in general relativity’s reliability. For one thing, it solved a knotty problem that had perplexed astronomers about the planet Mercury: a discrepancy in its orbit from that forecast by Newtonian gravity. Einstein announced his theory in 1915 as soon as he was able to show that it correctly predicted Mercury’s actual orbit.
Einstein’s key to solving the Mercury mystery was conceiving gravity as an effect of the geometry of space (or technically, spacetime, since his earlier work had shown space and time to be inseparable). Gravity is not a mutual tug of massive objects, Einstein said, but rather the result of a mass’s distortion of the spacetime surrounding it. Objects orbit or fall into a massive body depending on how strongly the spacetime around it is curved. Rather than responding to some attractive force, masses just follow the contours of spacetime’s geometry.
Gravity as geometry led to the famous prediction verified in the 1919 eclipse. Einstein pointed out that the curvature of spacetime near the sun would cause light from distant stars to bend when passing nearby, changing the stars’ apparent positions as seen from Earth. That prediction inspired an eclipse expedition to the West African island of Principe in May 1919, led by British astrophysicist Arthur Eddington. Eddington’s team found that the positions of several stars were shifted by just the amount that Einstein’s math indicated they should be, and twice as much as Newton’s law predicted. When the eclipse team announced the results in November 1919, one news account heralded them as signaling the need for “a new philosophy of the universe.”"
https://www.scientificamerican.com/article/physicists-probe-validity-of-einsteins-gravity-on-cosmic-scales/#:~:text=While%20Einstein's%20gravity%20has%20passed,in%20case%20it%20doesn't.
Apparently Einstein's Theory was flawed..
Go figure ;-)
"I thought for a brief moment you were being serious "
Serious about what, Gravity? If you're asking about that I was very serious, if you don't believe me get a Ouija board and ask Einstein.
"Here is just one example of a real world use for Bitcoin, there are plenty of large companies around the world that accept crypto."
I'd hardly call that a real world use, especially since you could just as easily buy a car with Dollars. It's likely they'll do the conversion immediately, from Bitcoin to Dollars, as they wont be able to do much with the tokens once the transaction's completed. It isn't like Mercedes will accept crypto in payment from the dealer.
"There's no real world use for Bitcoin."
Here is just one example of a real world use for Bitcoin, there are plenty of large companies around the world that accept crypto. I note they don't accept gold or for that matter GBP. Crypto doesn't have a country or an exchange rate like FIAT does.
Bitcoin is the beginning of the revolution. It may survive, it may not. But right now the sun is shining and there is hay to be gathered.
https://www.mbwesleychapel.com/crypto-payments.htm
I thought for a brief moment you were being serious :-)
"You lost me at gravity lol"
Gravity isn't a force, it's an effect caused by mass warping spacetime.
"Matter tells spacetime how to curve, and curved spacetime tells matter how to move".
You lost me at gravity lol
The mysterious force that supposedly holds about 326 million trillion gallons of water to a ball that supposedly spins at 1000 mph lol
There's no real world use for Bitcoin. It's incredible that it's defied gravity for so many years, but it'll eventually come to nothing. Bitcoin's value is based purely on sentiment, once the sentiment fizzles out Bitcoin will go with it.