Kjedebrev juni 2022

Q&A: Long term viability of cryptocurrencies and blockchain technology, Digital journal, 2022-06-01

“The long run is a misleading guide to current affairs. In the long run we are all dead.”
― John Maynard Keynes (1883-1946)

Russia’s Industrial Giant Rostec Announces Blockchain-Based Alternative to SWIFT, Bitcoin.com, 2022-06-04

“A non-Bitcoin blockchain combines the worst of both worlds: the cumbersome structure of the blockchain with the cost and security risk of trusted third parties”
—Saifedean Ammous

Bitcoin is the Ultimate Representation of Energy, Bitcoin Magazine, 2022-06-05

Energy units kcal and cal are confused in his article…

“Energy is the only universal currency: one of its many forms must be transformed to another in order for stars to shine, planets to rotate, plants to grow, and civilizations to evolve.”
― Vaclav Smil

Bitcoin’s Energy Use is a Feature Not a Bug, Bitcoin Magazine, 2022-06-10

"The life contest is primarily a competition for available energy."
― Ludwig Boltzmann (1844-1906)

‘Snow Crash’ Author Neal Stephenson Is Building a ‘Free Metaverse’ Called Lamina1, Decrypt, 2022-06-11

"No matter where or what, there are makers, takers, and fakers."
― Robert A. Heinlein (1907-1988)

S&P Global, Argus invest in oil blockchain VAKT that’s planning tokenization, Ledger Insights, 2022-06-11

"The scarcest resource is not oil, metals, clean air, capital, labour, or technology. It is our willingness to listen to each other and learn from each other and to seek the truth rather than seek to be right."
—Donella Meadows (1941-2001)

John Naughton: As energy prices soar, the bitcoin miners may find they have struck fool’s gold, the Guardian, 2022-06-12

“To be a learner, you've got to be willing to be a fool.”
― George Leonard (1923-2010)

SWIFT Dollar Decline, Challenging Development +, 2022-06-14

"Governments lie; bankers lie; even auditors sometimes lie: gold tells the truth."
—William Rees-Mogg (1928-2012)

David P. Goldman: The dollar is weak, not strong, Asia Times, 2022-06-15

"Is there a greater tragedy imaginable than that, in our endeavour consciously to shape our future in accordance with high ideals, we should in fact unwittingly produce the very opposite of what we have been striving for?"
― Friedrich August von Hayek (1899-1992)

Why the crypto crash hits different in Latin America, rest of the world, 2022-06-16

"The first panacea for a mismanaged nation is inflation of the currency; the second is war. Both bring a temporary prosperity; both bring a permanent ruin. But both are the refuge of political and economic opportunists."
― Ernest Hemingway (1899-1961)

Third Largest Russian Oil Company Gazpromneft Partners with Bitriver to Mine Bitcoin, Bitcoin Magazine, 2022-06-17

"The general struggle for existence of animate beings is not a struggle for raw materials, these for organisms are air water & soil, all abundantly available, nor for energy which exists in plenty in the sun and any hot body in the form of heat, but rather a struggle for entropy, which becomes available through the transition of energy from the hot sun to the cold earth."
― Ludwig Boltzmann (1844-1906)

Bitcoin drops below $20,000 as crypto plunge continues, Al Jazeera, 2022-06-18

“Bitcoin’s volatility derives from the fact that its supply is utterly inflexible and not responsive to demand changes, because it is programmed to grow at a predetermined rate”
—Saifedean Ammous

Blockchains Vulnerable to Centralized Control, DARPA Report Finds, Gizmodo, 2022-06-22

“Nothing exists except atoms and empty space; everything else is opinion.”
― Democritus (460-370BC)

MEV is Coming to Bitcoin and It Will Change Mining Profitability, Bitcoin Magazine, 2022-06-24

“The Bitcoin ledger of transactions might just be the only objective set of facts in the world”
—Saifedean Ammous

Visa CBDC policy paper highlights adoption challenge, Ledger Insights, 2022-06-24

"More paper money cannot make a society richer, of course, – it is just more printed-paper. Otherwise, why is it that there are still poor countries and poor people around? But more money makes its monopolistic producer (the central bank) and its earliest recipients (the government and big, government-connected banks and their major clients) richer at the expense of making the money's late and latest receivers poorer."
― Hans-Hermann Hoppe

Was Aristotle a Bitcoiner?, Bitcoin Magazine, 2022-06-25

"To give away money is an easy matter and in any man's power. But to decide to whom to give it and how large and when, and for what purpose and how, is neither in every man's power nor an easy matter."
― Aristotle (384-322BC)

Bitcoin miners sell their holdings amid crypto winter's chill, Reuters, 2022-06-27

“Mining should not be too profitable (because nothing should be too profitable, the world doesn’t leave free money lying around). Therefore the price of Bitcoins can’t rise too much above the cost of mining (counting equipment depreciation among the costs of course).”
— Hal Finney (1956-2014)

Russia accelerates digital ruble work, confirms it’s a way around SWIFT, Ledger Insights, 2022-06-27

“Whereas most technologies tend to automate workers on the periphery doing menial tasks, blockchains automate away the center."
— Vitalik Buterin