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June 21, 2021: Cook, Khan, crypto, Christie's, corona complicity... and Pink Floyd.
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Tonight: Cook, Khan, crypto, Christie's, corona complicity... and Pink Floyd.
Last week ("Cupertino, Cuban, crypto, Cadence, Cena, China, and calling cicadas") I ran out of time, so I'm extending it to this week: crypto FOR REAL this time, as well as a bunch of other C's. And Pink Floyd.
Links:
• Stacey Mitchell, today: "This week the House Judiciary will vote on legislation to break up & regulate Amazon. A yes vote backs open markets governed by democratic rules where any business can compete on the merits. A no vote, on the other hand, allows Amazon to continue as a private regulator of online commerce, dictating which businesses can reach customers and the price they must pay to do so. Only a breakup can remove Amazon’s incentive and ability to use its gatekeeper power to self-deal & undermine competitors. Otherwise, Amazon will continue to use the tactics we detail in this factsheet to exploit & hobble independent businesses."
• Biden Names Lina Khan, a Big-Tech Critic, as F.T.C. Chair (NYT, June 15, 2021): "Ms. Khan, who first attracted notice as a critic of Amazon, was confirmed by the Senate as a commissioner on the agency on Tuesday."
• Roger Waters at the People's Forum (June 12, 2021), in favor of Julian Assange and against Zuck and Facebook/Instagram.
• U.S. Seizes Share of Ransom From Hackers in Colonial Pipeline Attack (NYT, June 6), prompting Ted Frank to ask: "If sophisticated hackers can’t launder Bitcoin proceeds from an illegal criminal conspiracy without the government “reaching into a digital wallet” to seize them, I’m very confused what the use case is for cryptocurrency. It’s not a stable store of value. It’s not more efficient than electronic transfers of fiat money. Huge social deadweight loss. The one comparative advantage seemed to be the questionable “avoiding government scrutiny”, but if USDOJ can do this with a warrant, imagine CCP power."
• "#Bitcoin is a swarm of cyber hornets serving the goddess of wisdom, feeding on the fire of truth, exponentially growing ever smarter, faster, and stronger behind a wall of encrypted energy." - Michael Saylor, September 2020.
• Pumping up the worthless with NFTs (by me on Creative Good, March 12)
• Finally, the classic definition of Bitcoin:
Artist | Track | Album | Label | Images | Approx. start time | |||||
---|---|---|---|---|---|---|---|---|---|---|
Cook, Khan, and a crypto explainer. Also, Pink Floyd. | ||||||||||
Tomaš Dvořák | Game Boy Tune | Machinarium Soundtrack | No label | |||||||
Mark's intro | ||||||||||
Mark's comments | 0:45:17 (Pop-up) | |||||||||
Roger Waters at People's Forum | 0:49:14 (Pop-up) | |||||||||
Andy Rehfeldt | Can't Touch This / Tiny Dancer (Andy Rehfeldt mashup) | None | None |
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Listener comments!
Fredericks:
Handy Haversack:
Also, hello Mark and all the Techyon Drives! Actually with you all today. Techgin poured (in this case, with Techlemon juice, Techrasperries, and Techcoda). Still always room for Techtonic!
ultradamno:
David in London:
chris in the redwoods:
Handy Haversack:
Hey, ultradamno, Chris, David, all.
Wendy del Formaggio:
ultradamno:
HyperDose:
TDK60:
DjLorraine:
melinda:
listener james from westwood:
tim from washington:
Revolution Rabbit Nov63:
David in London:
Bas NL:
ultradamno:
Handy Haversack:
melinda:
Peter from Dover NJ:
Ken From Hyde Park:
tim from washington:
tim from washington:
ultradamno:
Ken From Hyde Park:
Handy Haversack:
melinda:
melinda:
Fuzzy:
Duly signed.
tim from washington:
Franco Twinkie:
melinda:
Katy_bar_the_door:
Handy Haversack:
tim from washington:
ultradamno:
The Butterman:
Bitcoin sounds ever more ridiculous than regular bull shit money.
David in London:
Bas NL:
ultradamno:
Fredericks:
Heidee:
Franco Twinkie:
melinda:
Katy_bar_the_door:
PaulRobeson1920:
Webhamster Henry:
Blobs:
Webhamster Henry:
White Michael:
Wendy del Formaggio:
kevlicki:
And It is not replacing clegal tender cos it’s valuation is based on the dollar, no?
The Butterman:
Blobs:
David in London:
Bas NL:
Franco Twinkie:
Fuzzy:
chris in the redwoods:
tim from washington:
Webhamster Henry:
cryptopotato.com...
mackie:
Katy_bar_the_door:
.
The Butterman:
Afterward: is there anything else I can help you with today. No? Ok, you are a valued victim and you have a great day now. Buh bye
Bas NL:
tim from washington:
Fuzzy:
Blobs:
White Michael:
Webhamster Henry:
White Michael:
Blobs:
ed:
Fuzzy:
David in London:
Wendy del Formaggio:
Katy_bar_the_door:
mackie:
Bas NL:
Webhamster Henry:
PaulRobeson1920:
“ Prohibition is an awful flop.
We like it.
It can't stop what it's meant to stop.
We like it.
It's left a trail of graft and slime,
It won't prohibit worth a dime,
It's filled our land with vice and crime.
Nevertheless, we're for it.”
Al Capone became a million at 26. remember that
Wendy del Formaggio:
chris in the redwoods:
Fuzzy:
I kョ:
Be sure to click on all the different positions for all the different endorsements! (Though I think Manhattanites might want to hedge their bets by choosing Alvin Bragg. No RCV in that race.)
Katy_bar_the_door:
Bas NL:
chris in the redwoods:
Fuzzy:
Bas NL:
Katy_bar_the_door:
TDK60:
David in London:
It’s an exciting new investment opportunity if anyone here wants to invest...
ultradamno:
Listener Robert:
His nephew has been speculating in Ethereum and Bitcoin.
The Butterman:
melinda:
ed:
melinda:
Blobs:
Listener Robert:
Bas NL:
Katy_bar_the_door:
TESTIFY!!! MARK!!!
Birdman:
The Butterman:
Webhamster Henry:
mackie:
Bas NL:
Listener Robert:
ed:
David in London:
But because it’s you, you can have one for free.
mackie:
Bas NL:
ed:
The Butterman:
Wendy del Formaggio:
Katy_bar_the_door:
Listener Robert:
PaulRobeson1920:
KWilde:
Bas NL:
ed:
Blobs:
tim from washington:
Wendy del Formaggio:
Katy_bar_the_door:
Buy gold and silver. The only private forms of money left in our world.
mackie:
WR:
Blobs:
Katy_bar_the_door:
David in London:
White Michael:
ultradamno:
tim from washington:
Birdman:
Katy_bar_the_door:
Revolution Rabbit Nov63:
...how much of the Crapitalist 'natural' Free Market makes sense in the 1st place...
Blobs:
melinda:
PaulRobeson1920:
tim from washington:
Wendy del Formaggio:
Blobs:
David in London:
Bas NL:
The Butterman:
mackie:
Two women who call themselves Lucious sing back-up vocals on Roger Waters' tour.
melinda:
Franco Twinkie:
TDK60:
Wendy del Formaggio:
Blobs:
PaulRobeson1920:
mackie:
listener 126464:
ultradamno:
Franco Twinkie:
Bas NL:
Wendy del Formaggio:
mackie:
Wendy del Formaggio:
chris in the redwoods:
Listener Robert:
David in London:
Bas, keep spending!
Blobs, to be fair, I will rad that link.
People Like Us:
Ken From Hyde Park:
Bas NL:
TDK60:
Fuzzy:
tim from washington:
Blobs:
PaulRobeson1920:
People Like Us:
melinda:
yippie:
Mark Hurst:
Mark Hurst:
WR:
trashcendence:
deathpectation:
How BTC is presented to the mainstream throughout its 13-year history is full of contradictions based on temporary market manipulations interests. For example, if the transactions are traceable then why is it used for illicit purposes like the black market and ransomware. Every transaction with the related metadata/addresses is carved into blocks that are accessible for public review. BTC is proof of work, which means to be and validate. And since China used to be the biggest miner that used mostly the cheapest coal energy for mining that made BTC gain a bad reputation, and with that blockchain technology itself even though that there is a lot of green energy involved as well and there are more advanced solutions besides proof of work. This tech will come either in a centralized way or idealistically in a decentralized way. It is up to the wealth distribution-driven news consumption which narrative will be fulfilled.