Marc Friedrich interviews Luke Gromen about the end game for the US dollar system. Good overview starting with Bretton Woods up to thoughts about the role of in the transition to a new monetary system.
(English with German subtitles)
Jan. 17, 2021
The USA has Nouriel Rubini as its special :Bitcoin: friend. The German equivalent is Peter Bofinger.
"Digital play money" - yeah.
All of the World’s Money and Markets in One Visualization
By Jeff Desjardins, May 27, 2020
Room to grow for Bitcoin.
Recommended Sunday reading:
Ben Kaufman, Oct 5, 2019
The Monetary Case for Bitcoin
Finally I am a first-class Bitcoin citizen. The setup is inspired by the Hodl Guide:
- Bitcoin Core https://launchpad.net/~luke-jr/+archive/ubuntu/bitcoincore
- Wasabi Wallet https://www.wasabiwallet.io/
- Electrum Personal Server https://github.com/chris-belcher/electrum-personal-server
- Electrum Bitcoin Wallet https://electrum.org/
- Tails https://tails.boum.org/
- Hardware wallets for a multi-signature setup.
A similar commercial alternative would be the 3-of-5 setup of Casa Hodl Platinum but it would cost $1800/year.
Mark Carney, Governor of the Bank of England, flirts with the idea of a virtual currency as a substitute for the USD:
"As a consequence, it is an open question whether such a new Synthetic Hegemonic Currency (SHC) would be best provided by the public sector, perhaps through a network of central bank digital currencies. Even if the initial variants of the idea prove wanting, the concept is intriguing."
Bitcoin fixes this.
Pinch me. And please excuse my first reference of the bird site. Twitter CEO Jack Dorsey takes part in the Lightning Torch game and passes it on to Starkness.
Jack on why Bitcoin:
On Dec. 2 I talked about it, now it's reality: tooting on a #Vikings D8 workstation. https://www.vikings.net/
Vikings sells hardware certified by the #FSF
Its operating system #Trisquel Linux is similar to Ubuntu. https://trisquel.info/
This #Linux distribution is among the few endorsed by the FSF.
A big "thank you" to everybody who is contributing to such a product and similar ones helping to secure freedom.
A first test of my new Bitwala "blockchain banking" account has been successful. https://www.bitwala.com/ It is a EUR bank account in combination with a Bitcoin wallet. Funds can be exchanged between BTC and EUR. Spending is possible via SEPA transfers or a Mastercard debit card. Yes, another 3rd party but one more tool while waiting for hyperbitcoinization. Three grocery spendings were shown quickly online, on a Saturday. With a traditional bank it takes two days longer.
My BTC full node journey: I started with a Raspberry Pi in autumn 2017 during the fork wars. I became impatient during the sync (1 month) and assembled an i3 NUC, 4 GB RAM, 1 TB HDD. Sync time: 4 days. At the end of 2018 I wanted to explore virtualization. I tried a Xeon with a HDD and VMware ESXi. The free ESXi version only allows one thread per VM. Sync: 11 days. Next attempt: an i7 NUC, now with 32 GB RAM and NVMe SSD. Sync just finished: *less than four hours*. Now that is a speed I like.
Just a rumor for now but if it comes true the BTC bear market is over.
Russia Prepares To Buy Up To $10 Billion In Bitcoin To Evade US Sanctions
Zero Hedge Mon, 01/14/2019 - 14:28
This needs to be recorded.
The Bank of International Settlements (the "Bank of Banks") is afraid of a financial meltdown.
Plus: The US Treasury "confirms ample liquidity".
BIS fears financial seizure at the heart of the world's clearing system
Telegraph, 16 December 2018
Dec. 23, 2018
Secretary Mnuchin convened individual calls with the CEOs of the nation's six largest banks.
HODL long and prosper
Bitcoin Maston Instance