Bitcoin, Economics, History, News.
For Philosophy & Science, see @Lirabas.
36 added to My Authors
Jan 13 • 4 tweets • 4 min read
1/ Soane’s Bank of England, completed in 1833, was a marvel of neo-classical architecture.
Art historian N. Pevsner called it "the greatest architectural crime ... of the 20th century" when it was demolished in 1925-'39. In that same period, the UK abandoned the gold standard. 2/ The loss of Sloane's masterpiece was a national tragedy in the UK, illustrated by the fact that the BofA today still openly lambasts its replacement, i.a. quoting Montagu Norman: "a hotch-potch, a pasticcio, a patch-work of symbolical odds-and-ends." bankofengland.co.uk/museum/online-….
Jan 8 • 5 tweets • 2 min read
This damnatory post validates a lot of concerns people have voiced about ETH/web3 in an accessible and authoritative way. Also, and I don't mean this cynically, it seems telling how quickly Brian A and Vitalik B reacted to it.
Belgian surgeon convicted to 5 months jail time for speech that "incites sexism, discrimination, hatred and violence". Locked up for saying words. Scary. Free speech has been broken in BE for over a decade, but afaik this is the first imprisonment. www-standaard-be.translate.goog/cnt/dmf2022010…
Attorney: "Been able to read #hoeyberghs verdict. Judge also removes JH from the rights art. 31 sw. which means he is no longer allowed to hold public office, can't be elected, ... very harsh. Dangerous laws create horrible verdicts."
1/5) Some detractors argue that bitcoin adoption & subsequent monetization won't continue because there is little interest in _borrowing_ bitcoins.
2/5) Imo this is the Nirvana Fallacy at work: "the informal fallacy of comparing actual things with unrealistic, idealized alternatives".
Nov 23, 2021 • 4 tweets • 2 min read
"What is a Bitcoin?" — created in Nov 2010 by @bitcoinpoet. Accuracy and foresight are remarkable, truly a historic video.
@bitcoinpoet Original video:
Nov 20, 2021 • 4 tweets • 1 min read
Good morning sir👋☕️
You're ignoring my criticism of your transaction count methodology while also assuming that I agree with your total carbon footprint methodology.
"How long does a hyperinflation last?"
This IMF paper studied 30 such events, found that hyperinflations:
- ranged in time from 2 to 34 months
- Europe/Russia mean length: 1 year
- Latin America mean length: 2 years
The paper also, unsurprisingly, confirmed that official consumer price indices tend to severely underestimate the actual scale of monetary devaluation.
Nov 7, 2021 • 7 tweets • 6 min read
1/ After a long hiatus, last month we finally visited my home town of #Bruges. I was moved by its beauty, and inspired by its traditional architecture and highly functional urbanism. 2/ Nearly all of Bruges' construction has gone through a darwinian grind, where only that what's firm, functional, and beautiful survives. Even the floor & street pavement reflects that.
Nov 5, 2021 • 12 tweets • 3 min read
spotted at Goodwill today
A few related tweets in a thread:
First, the USD M2 money supply is in its 11th doubling cycle since the year 1900. 2/ Historic analogies useful but can deceive. A simple repeat of the 1970s style stagflation is unlikely imo, this time the money priBRRRRRRRRR...