April 2024
Kjedebrev April 2024
Debt From Above: The Carbon Credit Coup, Bitcoin Magazine, 2024-04-04
“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
ESMA explains why DLT Pilot Regime hasn’t taken off, Ledger Insights, 2024-04-04
“Bureaucracy destroys initiative. There is little that bureaucrats hate more than innovation, especially innovation that produces better results than the old routines. Improvements always make those at the top of the heap look inept. Who enjoys appearing inept?”
― Frank Herbert (1920-1986)
National Emergency: Executive Order 6102 and the Heist of the Century, Bitcoin Magazine, 2024-04-05
“Hyperinflation is a form of economic disaster unique to government money. There was never an example of hyperinflation with economies that operated a gold or silver standard”
—Saifedean Ammous
David P Goldman: A novel analysis of gold’s skyrocketing surge, Asia Times, 2024-04-05
"Governments lie; bankers lie; even auditors sometimes lie: gold tells the truth."
—William Rees-Mogg (1928-2012)
Gold, silver, and the elusive gold standard, Delancey Place, 2024-04-08
“Since the end is never told,
We pay the teller off in gold,
But he cannot be bought or sold.”
― Grateful Dead
Bitcoin miners face survival test in 'halving', France24, 2024-04-11
"In the future, I expect to see bitcoin mining in places where electricity is free or cheap. You could put solar array in the Arizona desert attached to bitcoin miners, and instead of trying to ship that electricity all over world, you could ship Bitcoin all over the world."
— Gavin Andresen
Quality Money: Bitcoin to Become Scarcer than Gold Post-Halving, Bitcoin Magazine, 2024-04-11
“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)
Bitcoin's latest 'halving' has arrived. Here's what you need to know, AP, 2024-04-19
“Ultimately it’s good for the network for mining to be expensive. It makes it that much harder for a well financed attacker to dominate the network.”
— Hal Finney (1956-2014)
Japanese ramen restaurants under pressure from new yen banknotes, Japan Today, 2024-04-26
“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)
Satoshi Disappear Day, Bitcointalk, 2011-04-28
"There are some questions I'm sick of giving answers to. Don't ask me if I'm Satoshi."
— Gavin Andresen
Shadow Boxing: Comments On Proof-Of-Work Centralization Hysteria, Bitcoin Magazine, 2024-04-26
“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
Asia's first spot bitcoin, ether ETFs start trading in Hong Kong, France24, 2024-04-30
(ETF: Exchange-Traded Fund)
“The sense of responsibility in the financial community for the community as a whole is not small. It is nearly nil.”
― John Kenneth Galbraith (1908-2006)