Kjedebrev mars 2023
The Dollar’s Imperial Circle, Federal Reserve Bank of New York, 2023-03-01
“It would be easier to pay off the national debt overnight than to neutralize the long-range effects of our national stupidity”
― Frank Zappa (1940-1993)
Bitcoin’s Scarcity Intensifies With 91.89% Of Its Maximum Supply Already in Circulation, Bankless Times, 2023-03-03
“Bitcoin is the hardest money ever invented: growth in its value cannot possibly increase its supply; it can only make the network more secure and immune to attack”
—Saifedean Ammous
Nick Szabo Was Wrong: With Bitcoin, Micropayments Work, Bitcoin Magazine, 2023-03-04
"It's completely reasonable, even if some Bitcoin currency purists wouldn't like it, to have credit and debit card payments denominated in Bitcoin rather than dollars, and net settled on Bitcoin instead of on Fedwire."
—Nick Szabo
Bitcoin Miners Brace for Another Projected Difficulty Increase as Hashrate Heats Up Amid Market Uncertainty, Bitcoin.com, 2023-03-05
“The security of Bitcoin lies in the asymmetry between the cost of solving the proof-of-work necessary to commit a transaction to the ledger and the cost of verifying its validity”
—Saifedean Ammous
Central Bank Digital Currency Is the Endgame - Part 1, Iain Davis, 2023-03-02
Central Bank Digital Currency Is The Endgame - Part 2, Iain Davis, 2023-03-06
“The modern central bank business model is being disrupted. Central banks now have no way of stopping competition by just passing laws as they have always done. They are now up against a digital competitor that most likely cannot be brought under the physical world’s laws”
—Saifedean Ammous
India’s crypto industry is imploding, Rest of World, 2023-03-06
"Es ist dafür gesorgt dass die Bäume nicht in den Himmel wachsen"
—Johann Wolfgang von Goethe (1749-1832)
Somesh Jha: Will Russia sanctions dethrone ‘King Dollar’?, Al Jazeera, 2023-03-07
"The best way to destroy the capitalist system was to debauch the currency"
― Vladimir Ilich Lenin (1870-1924)
USDC stablecoin loses peg. $3.3bn stuck in failed SVB bank, Ledger Insights, 2023-03-11
"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
BANKKOLLAPS, Rebel Yell Publishing, 2023-03-12
“It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning”
—Henry Ford (1863-1947)
The role of crypto, accounting issues in recent bank failures, Ledger Insights, 2023-03-13
“In an economy with a central bank and fractional reserve banking, the supply of loanable funds is directed by a committee of economists under the influence of politicians, bankers, TV pundits, and sometimes, most spectacularly, military generals”
—Saifedean Ammous
Bitcoin Education Can Be The Foundation For Global Change, But It Must Be Local, Bitcoin Magazine, 2023-03-14
“Every person has two educations, one which he receives from others, and one, more important, which he gives to himself.”
— Edward Gibbon (1737-1794)
Crypto’s winners and losers after a bank run, Politico, 2023-03-16
"Cryptography shifts the balance of power from those with a monopoly on violence to those who comprehend mathematics and security design."
— Jacob Appelbaum
A Recap Of Last Week’s Banking Contagion And Bitcoin, Bitcoin Magazine, 2023-03-16
“Which is why Bitcoin is an excellent idea. It fulfills the needs of the complex system, not because it is a cryptocurrency, but precisely because it has no owner, no authority that can decide on its fate. It is owned by the crowd, its users. And it has now a track record of several years, enough for it to be an animal in its own right.”
—Nassim Nicolas Taleb
Major Cryptocurrency ATM Manufacturer General Bytes Hacked, Over $1.5M in Bitcoin Stolen, Bitcoin.com, 2023-03-19
"Hackers are breaking the systems for profit. Before, it was about intellectual curiosity and pursuit of knowledge and thrill, and now hacking is big business."
—Kevin Mitnick
Kan den nye finanskrisa utløse en dollarkollaps?, Steigan, 2023-03-19
"There is no means of avoiding the final collapse of a boom brought about by credit expansion. The alternative is only whether the crisis should come sooner as the result of voluntary abandonment of further credit expansion, or later as a final and total catastrophe of the currency system involved."
― Ludwig von Mises (1881-1973)
What is a Bitcoin Wallet? A Guide to Storing Bitcoin, Bitcoin Magazine, 2023-03-24
"Whenever you hear the consensus of scientists agrees on something or other, reach for your wallet, because you're being had."
— Michael Crichton (1942-2008)
De-Dollarization: Countries Seeking Alternatives to the U.S. Dollar, Visual Capitalist, 2023-03-31
“…for the game had never been fair, the dice were loaded. They were swindlers and thieves of pennies and dimes, and they had been trapped and put out of the way by the swindlers and thieves of millions of dollars.”
― Upton Sinclair (1878-1968)