August 2024

Kjedebrev August 2024

William Pesek: Forget the Fed and BOJ; PBOC holds the monetary cards, Asia Times, 2024-08-01

“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

Russia approves law on legalizing cryptocurrency mining, TASS, 2024-08-02

“Cryptocurrency is such a powerful concept that it can almost overturn governments”'
— Charles Lee 

The BITCOIN Act of 2024, Bitcoin Magazine, 2024-08-02

“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

Abu Dhabi Unveils Blockchain Center to Drive Blockchain Innovation, Bitcoin.com, 2024-08-04

“Want to increase innovation? Lower the cost of failure.”
― Joichi Ito 

Laisa Yarovaya: Make Bitcoin great again – what Donald Trump’s backing of crypto could mean for the industry, the Conversation, 2024-08-05

"Our country is being run by incompetent people."
— Donald Trump

Cryptoverse: Trump's bitcoin stockpile plan stirs debate, Reuters, 2024-08-06

"Our administration is working night and day to keep you safe."
— Donald Trump

Jan Krikke: De-dollarization the path to global financial freedom, Asia Times, 2024-08-09

“…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)

The Degrowth of Bitcoin, Bitcoin Magazine, 2024-08-08

"​Es ist dafür gesorgt dass die Bäume nicht in den Himmel wachsen​"
—Johann Wolfgang von Goethe (1749-1832)

Thai digital money giveaway highlights programmable money challenges, Ledger Insights, 2024-08-08

“money has no essence. It's not 'really' anything; therefore, its nature has always been and presumably always will be a matter of political conten­tion.”
― David Graeber (1961-2020)

Tally sticks for money, Delancey Place, 2024-08-13

“Money is not a magic wand but a measuring stick, not wealth but a gauge of it.”
― George Gilder

The price of gold is at a record high. Here’s why, AP News, 2024-08-21

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

U.S. Treasuries not the safe bet they once were, research says, Reuters, 2024-08-23

"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)

Sony readies its own public blockchain Soneium, Ledger Insights, 2024-08-23

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

2 Vintage Bitcoin Wallets From 2011 Spring to Life, Moving $4.7 Million in BTC, Bitcoin.com, 2024-08-25

"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)

Nigel Green: Tectonic shift coming on global currency markets?, Asia Times, 2024-08-28

"The best way to destroy the capitalist system was to debauch the currency"
― Vladimir Ilich Lenin (1870-1924)

…