So, a cryptocurrency that is backed by something scarce (gold) is a good thing. OK, I'm with you. And yet...a cryptocurrency (#bitcoin) backed by something that's not only scarce, but is also totally finite is a bad thing?

The Coin Republic

Peter Schiff Slams USD Stablecoins, Plans To Launch Gold-Backed Alternative

Peter Schiff called USD stablecoins flawed, promoted gold-backed tokens, and hinted at launching his stablecoin.

Many smart people make this error. They can't see that bitcoin is both the asset (gold) AND the system (the "crypto" that delivers, stores, and secures the asset). With a gold-backed stablecoin, Schiff is actually arguing for a hacked up version of...bitcoin. More:

Stacker News

The thing is, it is the thing \ stacker news ~bitcoin

tldr; A common bitcoin criticism is, "It's not backed by anything." Well, the thing is, bitcoin is the thing. One of the most common criticisms of ...

Traveling is tiring. 😴

Pretty neat to see someone taking something I built (hostr, the hive<-->nostr bridge) and building on top of it. Looks like the goal is to add deso (wordpress?) into the bridge as well. I was unfamiliar with deso until now...it's the old BitClout, remember that? Announcement:

PeakD

Snap by @datastat | PeakD

I am attempting something and if successful I

.hostr at

Hostr

Found rocks. Looks like mini Stonehenge.

Just looked at njump.me and saw two clients I'd never heard of. Trying lumilumi.app at the moment. .hostr

Since I rarely look at either, I'm having a hard time litmus testing Bluesky and Mastodon on the political spectrum, liberal to conservative. If it was a 1 to 10 scale, left to right, I guess I'd put Bluesky at a 2 and Mastodon at a 3. Am I reading things correctly?

I zoomed in on this photo from a couple of days ago and suddenly realized Burger King backwards is Gnik Regrub. I don't know why, but it seems important.

On the road, I turned on NPR. A homosexual podcaster who worked for Obama and Jon Stewart was talking about Richard Simmons. But, that's neither here nor there. At the commercial, the host slipped in that a bill in Congress seeks to defund public broadcasting funding for two years. Said we should all take action. A couple of things. First, I thought public radio was "commercial free." That's what its branded as every single fund raising gig when they beg for money. Secondly, the big argument now for public funding is that public radio is the supposed only means of "reliable" news for many. Okay, (a) do they honestly not see their strong bias? (b) am radio is far better to get news out; pretty sure most public radio is fm. I can listen to am stations literally thousands of miles away at times, not tens of miles. Third, the host said they might lose 9% of their annual budget. Wait, what? I wrote several months ago an article (below) where I mentioned how they are adamant that they only get 1% of their money from the government. Now it's 9%? Seems like when the issue is, "You get too much government money," the answer is "Just 1%." But, when that "1%" is going to be taken away, suddenly it's a whole 9% that will crush their ability to get their word out. In a business, if you lose 9% (or 1%) of your revenue, you work harder to make that back up.

Stacker News

Placebo Credits \ stacker news ~econ

https://files.peakd.com/file/peakd-hive/crrdlx/23tRnCx9QdmTXBL3Y1yVBv2z8m8B7uxK6Ds7rdWj7LDhn77ZAZ92MtPuoFnXmPWtmiTeJ.jpg There was a time when I li...

.hostr

Seems weird that AI makes "typo" errors. Does it fat-finger things?

Coffee shop reflections...