Cryptocurrency is effecting a turning of the tide from Gresham's Law to Thiers' Law.
2/ Gresham’s Law states that "bad money drives out good.” It applies when both forms of money are considered legal tender and have their exchange rate set by law.
3/ People will hoard the “good” money (which becomes the store of value) and transact with the “bad” money (which becomes the medium of exchange). Merchants are forced to accept this “bad” money because of the legal tender laws.
Some great questions from @tpflug on #cryptocurrency that I thought others might also be asking... And, in this thread, I'm going to try to answer them...
Why care about crypto?
What can we do with them?
So much fraud & wasted energy: what am I missing?
Why care about #cryptocurrency?
Crypto-currency is to banking, payments and (soonish with Atomic Swaps) currency exchange – as the internet was to high-street retail, music buying, movie rental and more. It's going to change these industries. It's already beginning to change them
We have to treat cryptocurrency now as we did the internet in the 1990s to early 2000s – a new technology, a new paradigm, a game changer but we're still exploring. Like when the dot-com bubble burst, the entities that survive will be the ones that matter. The ones people trust.
1\ Have you heard this reasoning? "#Ethereum is better than #Bitcoin because it can do more." => "The EVM is Turing-complete and Bitcoin Script isn't, so Ethereum is a better cryptocurrency." => "Bitcoin's creators were too early/stupid/blind to make Bitcoin Turing-complete."
2\ This is a blatant misunderstanding! To a non-technical person, Turing-completeness and being able to compute anything is *obviously* better. But programmers know that Turing-completeness is Pandora's box: you don't know what it contains and you can't close it once opened...
3\ ...Turing-completeness is like a nuclear explosion. Once the threshold density/temperature is breached, fission fuel self-ignites and explodes. The hard part isn't blowing past the threshold, but staying as close to it as possible: energy => criticality => balance => control.
1/ #Bitcoin is in a mania. I admit that. People are accumulating. If bitcoin was a typical investment, it would be setup for a 90% sell-off. But this isn't a typical investment.
2/ It's important to understand that #bitcoin is divisible to 8 decimal places. 0.00000001 btc = 1 Satoshi, the smallest unit (that the base layer will recognize).
3/ It's true, #Bitcoin isn't usable for everyday payments at the base level, no cryptocurrency is, but it is good at making transactions that are censored by credit cards and other payment methods. ie wikileaks donations, dark mrkt prescription drugs, etc.
There is a lot going on in space these days! Here is an update on the current status of modern missions, and some of the most innovative and interesting projects on the planner, plus some longer term projects for the near and distant future.
Also included are many of the companies that make space exploration and travel possible.
NASA’s current missions:
NASA currently has 39 different active missions. Some are decades old, like the Voyager I mission that launched September 5th, 1977 and is now in interstellar space (made famous, or more famous, by "Star Trek: The Motion Picture").
1- So, it turns out that my research and writing about white settler self-indigenization, what I'm calling hyperdescent --> race-shifting, has led to additional efforts to silence me. Follow along for a bit if you want to find out more!
2- The 'chief' of the new organization, the Council of the First Métis People of Canada (circa 2017), has put out a call to individuals and orgs to collect all of my communications re: 'Eastern Métis' in order to build a court case against me:
3- She's also raising $$ for the case, in order to 'put a stop to [my] slanderous harassment and racism against our eastern Metis people.' Over the past 2+ years, those of us who work on this issue have faced a range of similar threats.
(2/n) A lot of people only have vague ideas about what they really want. They desire more money, a better job, someone to love or the chance to travel somewhere exotic.
You may have similar desires of your own. But if you want to make them a reality, you need to be precise.
3/n So rather than saying “I want money,” say, “I want exactly enough money to open a restaurant.” And when it comes to love, figure out exactly what you’re looking for. Maybe it’s someone who is funny, kind and doesn’t mind that you don’t want to have kids.
1) On February 7, a large pro-Assad force of battalion-sized strength, equipped with tanks, rocket launchers and artillery approached a base housing U.S.-backed Syrian Democratic Forces in the Deir-Ezzor region, and opened fire.
2) The offensive represented an attempt by the Russian-backed regime of Bashar Assad to secure areas that are currently not under regime control.
Many times Obama DELIBERATELY admitted he knew his policies were bad for businesses, investments, etc.
It was about 'fairness', you see.
Obama was an ideologue through and through. He was PROUD of the fact he was implementing polices that freed terrorists, suppressed the evil capitalists, stunted economic growth. He was instituting FAIRNESS and boasted about it often.