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Last Notes

2025-02-18 03:01:14 CET

I read today that only 8% of people in El Salvador occasionally use bitcoin for the exchange of goods and services.
Kind of sounds like top-down bitcoin adoption is a fool's errand. Just a thought for some of you thirsty statists.

2024-11-06 15:43:37 CET

Here’s my I have only had 5 hours of sleep take on Donald Trump’s win.
This election was about class. Once upon a time, class and identity were separated as the neoliberal era took hold. Democrats capitalized on identity and it worked for a while. But as our guest on @TPBPod, Alan Minsky, noted… Neoliberalism is dead. We have to realize that these new alliances that are forming under Trump are not only odd bedfellows, but because they are, they signify a new cultural and political power shift.
I have been watching this happen since Bernie ran in the 2016 primary. The coalition is building beyond race among the working class. A unity that the left could only dream of. Yet, this is not an empowerment of the working class in the way that we’d envision. I don’t believe that this will end in a worker revolution where the proletariat owns the means of production.
I don’t because this is a coalition of the working class with a different faction. This isn’t the traditional corporate-state-capitalist alliance that has coalesced in the Democratic party. This is an alliance of those who feel powerless, with those who want absolute power.
I am not sure where we are headed, but if Lawrence Wilkerson is right, this is dark.
The liberals will have yet again made it possible for the worst outcomes to happen. The left progressives (a wide umbrella that covers a coalition of socialists and center-left), unable to unite to stop the Democrats, are at their most powerless.
I really ask Democratic supporters, to wake up. We are a country that has been living three different experiences simultaneously. And just now, two roads have merged into one.
I have traveled so much around the US and the world this year. I truly believe that in the US, we have two countries in one. There’s two cultures thar have developed as a result of rural isolation and gross economic inequality. For those who have, identity issues are the only remaining issues. For those who do not, identity is the least important. It makes sense. Then we have the ultra rich, who saw an opportunity to exploit this. This where the danger now exists.
I wish I could tell you what happens next. But, what I do know is that the probabilities of socio-economic and political disasters are much higher now than ever before.
The left must find a way to bring the workers back. But I am afraid that the left has become mainly the highly educated who do not understand the worker’s plight.
And what of bitcoin? Bitcoin works no matter what but also because of what happens next. It is both a deterrent and an accelerant. We have skin in the game.

2024-10-09 18:08:13 CEST

Still blows my mind that the worst bitcoin mining FUD is from commentaries--scientific journal articles that are advocating for a certain POV--and not novel research. Mora et al., with figures removed, is probably only a page long.

2024-10-07 19:28:04 CEST

"According to data from TheMinerMag, Foundry USA Pool and MARA Pool mined 18% of all bitcoin blocks in January 2022. As of August 2024, that figure has risen to 33.6%, and that doesn’t include U.S.-based hashrate connected to Chinese pools."
https://theminermag.com/news/2024-09-26/china-bitcoin-mining-dominance/

2024-09-04 21:45:41 CEST

David Graeber on how to trigger Bitcoin Twitter during a bear market:
"Then there's also libertarian socialism, which means the democratic control, not by the state, but by communities or by workers, self organizing in a voluntary fashion--that's genuine socialism in my opinion."
https://x.com/chunkymark/status/1044264672504016897

2024-08-26 14:06:10 CEST

- reply

This is a good start, "Peer to peer: from technology to politics to a new civilisation": https://www.itu.int/osg/spu/wsis-themes/contributions/others/pEERNewP2P.pdf