Desember 2024

Kjedebrev Desember 2024

Urban C. Lehner: All bow before the almighty US dollar, Asia Times, 2024-12-03

“Armaments, universal debt, and planned obsolescence—those are the three pillars of Western prosperity. If war, waste, and moneylenders were abolished, you'd collapse. And while you people are overconsuming the rest of the world sinks more and more deeply into chronic disaster.”
― Aldous Huxley (1894-1963)

Heat Your Home While Earning Bitcoin With Heatbit, Bitcoin Magazine, 2024-12-04

“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

Dave Karpf: Bitcoin is worth $100,000. It still doesn't have a single legitimate use case, The Future, Now and Then, 2024-12-06

“The computational power of the network is proportional to difficulty; and it appears that difficulty is proportional to bitcoin price. It follows that unless bitcoins become substantially more valuable than they are today, the Bitcoin network will never be substantially more resistant to attack than it is today. For Bitcoin to succeed and become secure, bitcoins must become vastly more expensive.”
— Hal Finney (1956-2014)

The Joule Paradox: Energy sets the value of bitcoin and bitcoin sets the value of energy, Bitcoin Magazine, 2024-12-06

“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

Nissan launches web3 rewards, as Nike, adidas take different NFT paths, Ledger Insights, 2024-12-06

“The socialism I believe in is everyone working for each other, everyone having a share of the rewards. It's the way I see football, the way I see life.”
—Bill Shankly (1913-1981)

Why and How to Backup Your Bitcoin, Bitcoin Magazine, 2024-12-11

"Every increase of complexity has a cost."
—Joseph A. Tainter

Is the digital euro legislation in trouble?, Ledger Insights, 2024-12-13

“Whereas in a modern central bank the new money created goes to finance lending and government spending, in Bitcoin the new money goes only to those who spend resources on updating the ledger”
—Saifedean Ammous

Bitcoin surges above $106,000 on strategic reserve hopes, Reuters, 2024-12-16

“Dum Spiro, spero”
("As long as I breathe, I hope.")
― Marcus Tullius Cicero (106-43BC)

It’s Time to Admit It – There Are Only 2.1 Quadrillion Bitcoins, Bitcoin Magazine, 2024-12-20

"Monetary inflation not only raises prices and destroys the value of the currency unit; it also acts as a giant system of expropriation."
― Murray N. Rothbard (1926-1995)

Governments and banks once mocked Bitcoin. Now they want in on it, Al Jazeera, 2024-12-21

The Five Stages of Dealing with Bitcoin Grief:

1) Denial: "Bitcoin can't work and will die"

2) Anger: "Ok, Bitcoin works, but government should ban Bitcoin"

3) Bargaining: "Ok, government can't ban Bitcoin, but it's not important. What's interesting is blockchain, the technology behind Bitcoin"

4) Depression: "All blockchains other than Bitcoin will fail"

5) Acceptance: "Bitcoin is gunpowder, the later you adopt it, the worse off you will be"

—Saifedean Ammous

Debt: Bitcoin Is Not A Return To Stateless Money, It Is the First, Bitcoin Magazine, 2024-12-27

"What we find today is a totally immoral economy and society which has managed to unearth the secrets of matter and the secrets of life at the most fundamental level. This is a society that, in no sense, is capable of utilizing this knowledge in any way that will produce a social good. Obviously there are leavings from a banquet that fall from the table but my knowledge and my whole experience with capitalism and with hierarchical society generally is that almost every advance is as best a promise and at worst utterly devastating for the world."
― Murray Bookchin (1921-2006)

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