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Saifedean Ammous @saifedean
, 4 tweets, 2 min read Read on Twitter
My favorite part of the World Cup is becoming the humiliating defeat of mathematical economists of banks and media.
Meanwhile this entirely non-mathematical economist had this to say of Germany's chances:
thesaifhouse.wordpress.com/2018/06/15/wor…
Just imagine how much security could be added to the bitcoin network if we stopped wasting power on these stupid simulations and used it to mine bitcoin instead!
Won't nobody think of the children? #StopEconomicSimulationsNOW
Next time you find yourself about to read some economists' inevitably wrong mathematical simulation, try and read Hayek's Nobel Speech instead, and see if the world makes more sense:
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More from @saifedean see all

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Play stupid games... win stupid prizes!
Two important lessons from this shitcoin's demise:
1- The price has barely budged, which shows that demand for these shitcoins has nothing to do with their function, security, or safety and is entirely driven by speculation on exchanges.
2- It took more than a day for ETC fans & promoters on Twitter to even realize this attack was happening after @pierre_rochard told them about it, because they couldn't find anyone who runs a node!
Read 9 tweets
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Bitcoin has now been operating for ten years without confirming a single fraudulent transaction, and without deviating from its original monetary issuance schedule.
Deal with it!
If Bitcoin continues operating for the next 30 years exactly as predictably as it has for the last 10, we'll only have ~20% more bitcoins in existence. Nobody has a clue how much more of government currencies there will be, but it'll be much more than today for those that survive
Unless you can stop bitcoin working (good luck!) or stop gov't inflation (good luck!) your thoughts & actions are irrelevant to economic reality imposing itself in the long run: harder money will hold value rewarding its holders, while easy money loses value punishing its holders
Read 4 tweets
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Anyone who believes proof of Stake can work is either:
1- completely clueless at to how and why Bitcoin works at all.
2- a con artist using it as a buzzword to promote a worthless scam like Ethereum.
Proof of Stake is no different than the Federal Reserve system, which is owned by its constituent banks, who have a monopoly on increasing the money supply you are forced use. It's the problem Bitcoin solves with proof of work by making money creation hard for everyone.
In a free market, productive people would choose the hard money over the proof of stake easy money. That's why central banking needs government force to protect its monopoly & why no shitcoin with PoS can survive without an army.
Read 6 tweets

Related threads

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I was particularly moved by @michelleobama’s honest & sensitive observations abt her extended & connected family of grandparents great aunts, uncles who are part of her world. Each in their own way navigating the reality of the limitations imposed on them by racial inequality.
Likewise the college experience of those of us who entered elite colleges that were so culturally unfamiliar to us (Michelle’s priceless response to someone saying they “rowed crew”). I never heard the term “WASP” before arriving at Vassar. We had to learn to navigate the new.
The challenges of early marriage, of finding your way professionally, of communicating effectively in a marriage. There’s so much in #Becoming
Read 4 tweets
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This may be true for opinion—but *not* for news. What it does is create classes of conservative writers who understand the world through the Left’s news narratives and end up see conservative News media as a grotesque, non-credible enemy.
By the by, I’m not even sure this is or should be true for opinion, either. The Left seems to be doing pretty darn well without reading any Right media.

I swear, everybody with a large platform on the Right seems to think this is a debating society rather than a political war.
I know I’m a broken record on this, but we have no hope of winning when the fighters among us are constantly being yelled at by our credentialed class to STOP FIGHTING, YOU FILTHY ANIMALS.
Read 3 tweets
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ROOSEVELT BETRAYS AMERICA! prowhite.media/blog/f/rooseve…
"They sought the #war, they provoked and maneuvered to get it. They pressed the young peoples of #Germany,# Italy and #Japan wherever they could. They wanted war, a real world #war — and now they have it.
"Not only two worlds of ideas are at #war here, but the whole world.
Read 162 tweets
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This is going to be a long thread. With the successful qualification for the #WorldCup semifinal it seems that now everyone is interested in & an expert on #Cro politics, nationalism and football. Since I've been studying that nexus for years, let me point out a few things /1
Nationalist gestures by players & fans, the president in a full-on checkered outfit celebrating with players, a public debate over #Subasic’s “ethnic background", a divisive media discourse & all of that while the #Cro “Golden Generation” has been playing some decent football /2
That has been the #World Cup for #Cro thus far. If you want to know more about why football is so political and so fiercely debated in Croatia (& on social media), here are a couple of thoughts, reading suggestions and potential #ff for you. /3
Read 15 tweets
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World Cup has me feeling nostalgic so I went back and found this in the archives. Back when all the hair was on my head instead of my face
For most of my childhood I thought I was going to grow up and go pro and then I realized that Louisiana is not exactly a hotbed of soccer talent against which to compare your skills. Shout out to the home state, we’ve got great gumbo, but sill trying to figure out the soccer part
This photo can also create the illusion that I had a robust & thriving college soccer career, which is uhh not the case. I didn’t get as much playing time as I wanted & had a 19 year old existential crisis & was then like “Hey! I’m going to be a writer instead!” And here we are.
Read 3 tweets
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THE WATCHMAN

[...] "The watchman’s task has always been a thankless one.
"There are treacherous fifth column elements, who are really working for the #defeat of the #nation, at the hands of its enemies.
"These subversive elements readily gain and hold the #public’s ear, because they soothingly tell the people what they want to hear. Go back to sleep, no danger can come, and there is nothing you can do.
Read 134 tweets

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