I blog over on the Hive blockchain and made a little game called "Wusang" (World's Ultra Simple Asset Numbers Game). It's a stupid-simple game with a pirate treasure story. A bot generates a random number, you maybe find a hidden treasure token. This week I added #cashu #ecash as a "treasure chest" to be found. There are hidden bitcoin sats out there in the wild to be discovered. Find the ecash token, get the sats. Simple. Info on this simple game: image #bitcoin #plebchain
Whenever I read something from Gary Gensler or Elizabeth Warren, I'm reminded of George Orwell's "Animal Farm." Specifically, I'm reminded of when Napoleon pulls the coup d'etat over Snowball, ends debates, then begins to rule for the good of the animals. Clearly, they're too dumb to make their own decisions and need his leadership. Remember that from school? Read it again: image Gensler article:
I tried to read the Minneapolis' Fed's [paper about bitcoin](). I made it through the first sentence before I said, "Forget this." ![fed2.PNG](image) The paper reads: >Imagine and economy, specified in continuous time, in which the government issues stock and pays a flow of non-negative dividends. Three phrases stood out to me in that sentence. 1. "Imagine an economy" - I actually like this start. I'm nerdy enough to enjoy a good though experiment. And, "imagine an economy" is pretty good bait to hook me in. Economists often imagine places like an island or a prison or a remote village, all with limited resources, then go from there. 2. "in continuous time" - I think, "Huh?" Continuous time? As compared to time that is not continuous? Time that morphs back and around? Is this set our imagined economy apart from some science-fiction wormhole? I really have no idea what this term "continuous time" means or why they felt it necessary to specify this type of time up front. Immediately, I have a strong hunch as to where this is going...this paper is intended to be written with a academician's linguistic style that intends to confuse. Frankly, this style of writing is used as a weapon. It linguistic bullying toward a reader. This paper would write in such a convoluted manner where every sentence is contingent on, and qualified by, other statements or phrases. If anyone wishes to convey a point, write simply and clearly to convey that point. In my view, this paper would not do this. 3. "non-negative dividends" - Okay, writing gymnastics aside, now we're just making stuff up. "Non-negative dividends" paid by the government? Never heard it put that way. Usually, dividends to stock shareholders are simply called, "dividends." The very fact that they label them as "non-negative dividends" begs the assumption that there must be "negative dividends." I've never heard it put that way, but "negative dividends" <u>is what's called "taxes"</u>. And, yes, I guess governments do pay out negative dividends all the time. I don't know about anyone else, but I'm all for the government cutting back on its steady flow of negative dividend payments. #bitcoin #plebchain
What kind of bizarro clown world did I wake up in? The FED bank of Minneapolis wrote about "useless pieces of paper (bitcoin for short)" and that "the price of bitcoin converges to zero." Umm...considered fiat currency? And yet, the only solutions to this alleged bitcoin problem is to either ban it (a "legal prohibition against bitcoin") or tax it. Somehow, bitcoin is worthless and headed to zero, but yet it's still worthy of being taxed so as to balance deficits. I'm so confused. Source: Article: #bitcoin #plebchain
I gotta say, that headline and graphic is pretty funny. #plebchain image
Well, that's it boys and girls, pack up bitcoin and put it away. A central bank said its a bad thing. They're now kinda admitting that it ain't going to zero, but it's just bad. We'd all better go bad to good ol' central banking 'cause it's more fairer. https://www.theblock.co/post/322116/perpetually-rising-bitcoin-prices-would-lead-to-societal-impoverishment-ecb-economists-claim?utm_source=rss&utm_medium=rss #bitcoin #plebchain
Wow, 1,000,000 $20,000 "forgivable" "loans" is $20 billion. (1) That's called a handout, not a loan. (2) It's only if you're a black man. How is that not racist against every other race and not sexist against women? https://www.theblock.co/post/320930/vice-president-kamala-harris-vows-to-support-a-crypto-regulatory-framework-in-plan-to-support-black-men
Well this is new (to me at least) and cool: #bitcoin #lightning prediction market. #plebchain
Gotta say, the Trump WLFI token sounds rather amateurish at best, scammy at worst. From my non-lawyer view, seems like it checks all boxes for the Howey test (which you don't want to do). #plebchain
The DNC attacked Green Party Jill Stein, obviously fearing she'll draw dem votes. I wonder if the Streisand Effect will kick in and the ad backfires. #politics Article: