Kjedebrev Desember 2023

Bitcoin breaks $40,000 as momentum builds, Reuters, 2023-12-04

"Nowadays people know the price of everything, and the value of nothing".
— Oscar Wilde (1854-1900)

William Pesek: Gold, Bitcoin rallies signal a big dollar problem, Asia Times, 2023-12-06

“Πάντα ῥεῖ καὶ οὐδὲν μένει. (panta rhei kai ouden menei)

(Everything changes, and no thing abides.)”

— Heraclitus (535-475BC)

Global and local drivers of Bitcoin trading vis-à-vis fiat currencies, European Central Bank, Working Paper No 2868, 2023-11-08

“In the Google era, Newton’s system of the world—one universe, one money, one God—is now in eclipse. His unitary foundation of irreversible physics and his irrefragable golden money have given way to infinite parallel universes and multiple paper moneys manipulated by fiat. Money, like the cosmos, has become relativistic and reversible at will.”
― George Gilder

Cryptoverse: Bitcoin defies its doubters in 2023, Reuters, 2023-12-12

“The fundamental cause of the trouble is that in the modern world the stupid are cocksure while the intelligent are full of doubt.”
― Bertrand Russell (1872-1970)

Basel Committee on crypto: all permissionless stablecoins are high risk, Ledger Insights, 2023-12-14

”A committee is an animal with four back legs.”
—John Le Carré (1931-2020)

Erin Plante: Blockchain the key to combating N Korean cybercrime, Asia Times, 2023-12-19

“I work for a government I despise for ends I think criminal.”
― John Maynard Keynes (1883-1946)

Dave Karpf: The chroniclers of the crypto collapse, The Future, Now and Then, 2023-12-19

"The general pattern of collapse in this new century is implosion from the bottom up. The bottom is chewed through, eviscerated, eaten away, depleted — until nothing is left — by the top."
― Umair Haque

China uses digital RMB for gold, iron cross border payments, Ledger Insights, 2023-12-21

“The cybereconomy, rather than China, could well be the greatest economic phenomenon of the next thirty years.”
― James Dale Davidson

Bitcoin Mining Difficulty Hits Record 72 Trillion Amid Hashrate Surge and $600M Spent on ASICs in December, Bitcoin.com, 2023-12-24

EU Countries Account for a Mere 6% of Bitcoin Mining Hashrate, Bankless Times, 2023-12-28

“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)

Alexandar Svetski: Quality Or Equality?, Bitcoin Magazine, 2023-23-30

“Equality is the natural foundation of industrial society”
— Henri de Saint-Simon (1760-1825)

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