Funds are Safu! #Monero. Oops! Nothing is Safu.

woelfchen last month

Best luck then

0.12 VYB

valued-customer last month

I realized a long time ago that lucky is what incompetent people called the competent. When folks take the time to understand the intricacies of a cryptocurrency they are better able to make plans and set goals regarding how best to invest in it, or if it's even for them.

The whales on Hive get called lucky a lot. Some of them were able to mine up a stake on Steem when it was first issued, and it's easy to call them lucky for being there at the right time. But that wasn't all there was to getting staked, because they had to be attentive to the market, dive into the method of mining Steem, and invest in the equipment, or just the time it took, to do the mining. They prepared and worked to get that stake. It didn't fall off a rainbow into their account.

The owners of the network hardware the internet uses didn't get that by happenstance either, and the hard work and understanding that enabled them to acquire it will also help them make sure they keep it. They don't run their businesses in vacuum either, but in an ecosystem of regulators, service providers, and financiers that enable them to acquire upgrades, do repairs and maintenance, and undertake all the expenditures that are necessary to run businesses. They have ongoing relationships with their banks, and the situation of many banks today is very tenuous. A lot of banks invested in treasuries when interest rates were low because they were able to pocket the difference between what they paid their customers and what the Treasuries yielded. But when interest rates went up their assets lost value. As yields go up, the price of treasuries goes down. Suddenly they had more liabilities than assets.

My understanding is that basically all the banks in the world are in that position today. Banks that hang a little too far over that edge of insolvency are going down regularly. We hear about another one every week, it seems. At the head of that pack are central banks, and it seems all of them are proposing CBDC's, testing CBDC's, or are preparing to do so. In the event that more instability pushes a lot of banks over the edge of insolvency at once, they will have to consider moving entirely to CBDC's, if that will prevent a global economic collapse. Frankly I'm not particularly confident banks are above manipulating markets in order to be able to claim they didn't have a choice about whether to do so or not. They do seem to hunger so for that additional power CBDC's gives issuers than ordinary currencies do.

Lucky folks will have given this all thought before these events happen, and will be prepared with investments that can't be held hostage or used to extort them into exchanging their crypto for whatever CBDC their local central bank is forcing them to accept and use instead. The owners of the hardware that cryptocurrencies are transmitted on are pretty likely to do whatever the banks need them to do to keep the global monetary system working, even if that means not allowing transaction data for cryptocurrencies to be transmitted on their hardware.

I hope you are as lucky as can be.

Thanks!

0.00 VYB

cmplxty 2 months ago

I saw that TBOT thing, it’s pretty wild! I didn’t think of it from your perspective here but that makes sense.. the powers that shouldn’t be are allowing us, the peasants to do things. At some point they might not and we have to be prepared as best we can for that.

It amuses me, I saw something the other day about “exchanges would never take your assets, leave them all there!!!!” and had a sad chuckle.

I wonder if we could do any type of airdrop of information for that type of stuff between two people to send assets?

0.28 VYB

6 votes

valued-customer 2 months ago

I worked on a short story some years ago in which the solution to such editorial control of information was a novel crypto for each transaction, but that was before AI and the ease with which it would be able to detect any sort of accounting mechanism of financial value. Perhaps combining such with steganography might be able to slip past AI - but maybe not. Parsing data is what AI does.

My fallback position is independent comms, a network not owned by enemies determined to keep us impoverished, and able to be secured from seizure.

Thanks!

Edit: Such commercial network is necessary for financial portability. I don't transact remotely, for the most part, so local belly to belly transactions accounted in goodwill are what I depend on in the day to day. Such value simply is immune to seizure, dilution, taxation, or any kind of theft or fraud. It's also good for my immortal soul, because I have to do good to accrue goodwill. Who knows what kind of degeneracy I'd fall into if I weren't dependent on the goodwill of society for my every need?

0.00 VYB

tonybad 2 months ago

Wow - Great take on the subject. What's the solution ?

Do we develop decentralised "pipes" via DEPIN, or is it gold and silver coins buried in the garden ?

2 votes

valued-customer 2 months ago

There are some attempts to create networks via line of sight, mostly FMRS or FRS radio, which are public spectrum. Qortal and Beechat come to mind. There are other options. The Cult of the Dead Cow began researching using obsolete satellite dishes that could use microwaves to communicate up to ~10km, IIRC, but I don't think they ever got much further than testing a few prototypes.

I also recall some years ago a crypto that intended to develop a satellite network to build a free and independent global communications network was created, but I haven't heard anything about it since then. This was before Starlink was proposed. There are some competitors to Starlink, but they are all just as privately owned as Starlink.

I have proposed piggybacking on various mesh networks (LoRa, Bluetooth, and others) currently being implemented by various manufacturers for use in refrigerators, microwave ovens, and all sorts of appliances most people have no idea are surveilling them, basically all 'smart' devices. Piggybacking on such proprietary mesh networks is at best a temporary option, while they aren't secured from such use and depend on obscurity as security. That won't last long.

Some kind of mesh network that has no centralized servers is necessary for any kind of censorship proof network. Bad actors can infiltrate networks to execute censorship if the network is centralized, even if they don't own the node, so a mesh network is necessary to enable free speech by enabling communications to route around censored nodes.

Just as it enables security from censors, mesh networks enables security from armies, bombs, and tyrants with military force. Without a central hub to control, the distributed mesh network can't be killed by attacking any particular node. Of course this doesn't make mesh networks invincible. It's just necessary to attack all the nodes, or at least a majority of them, to break the network. That was the whole point of the internet when conceived by the US military.

The US military was once considered the guarantor of free speech, but this ignored the fundamental need for covert communications of the US military, and today that need has risen to encompass controlling all communication, because the same DARPA that conceived of and funded the internet conceived of and funded the Covid19 plandemic and the GMO jabs deceptively justified by that psyop. The extant internet is inherently hostile to free speech today, because the US military is. In fact, I will argue that all national polities have been infiltrated and corrupted by the WEF (or what it represents, the NWO), and this transnational megacorporation is undertaking the conquest of the world by deception, which requires preventing free and forthright speech in every jurisdiction on Earth.

If we want free speech we'll have to create - or commandeer - the infrastructure that enables it ourselves, and secure it from deceivers that pose as defenders so they can't betray us from within. We need a global network that cannot be used to prevent encrypted communication from being transmitted and received. There are various potential mechanisms for local networks, and a few for global (even interplanetary) networks, and IMHO the best solution will be multiply redundant and use all potential mechanisms, from literal smoke signals to ELF to piggybacking on and commandeering proprietary networks. The more routes around any single attack communications can take, the more secure and free speech will be, and the more secure and robust transacting will be.

Thanks!

Edit: I just realized you may interpret my reply as unresponsive to your question, because I didn't even mention money. Money, even gold, is just a means of communicating value in order to facilitate exchange. We can't transact if we can't communicate. The problem of securing financial transactions is fundamentally of securing free speech. I reckon there will always be a need for gold buried in the garden, too.

0.00 VYB

tonybad 2 months ago

Great knowledge. I still have a helium miner doing something or other.

Haven't checked for a while, in case I get
filthy rich .

valued-customer 2 months ago

You should check every now and then, in case it mines a block and you could buy a car or something.

0.00 VYB

tonybad 2 months ago

It seems to be mining IOTA

Maybe I need to upgrade the firmware.

valued-customer 2 months ago

Well, Iota has >4x Hive's market cap, so I hope it's been making you lots.

0.00 VYB

goldgrifin007 2 months ago

Edit: I just realized you may interpret my reply as unresponsive to your question, because I didn't even mention money. Money, even gold, is just a means of communicating value in order to facilitate exchange. We can't transact if we can't communicate. The problem of securing financial transactions is fundamentally of securing free speech. I reckon there will always be a need for gold buried in the garden, too.

Dear @valued-customer !
Even an American elementary school student like me was amazed by your outstanding wisdom!😄

I thought you were a socialist, a communist, not a capitalist!

But, I remember you were against socialists and communists. So, I thought you believed that pre-Civil War American society was an ideal world! Are you a Confederate supporter?

valued-customer 2 months ago

I was not aligned with either side of any conflict I know much about. I have always encountered people that seek to control me in some way to profit themselves, and I seek to avoid such control whenever I encounter it. Because of my understanding of human sovereignty I cannot support slavery, and neither would I support forcibly incorporating sovereign states into a union (slavery on a national scale), so I cannot say I supported either side in the Civil war. The Civil war was fought between two sides over what scale slavery was applied, and I submit slavery is unjust at every scale.

I find the polity that least limits my economic activity and personal freedom least offensive, and in theory this has been that political structure I have been born and resided in for my entire life. While I only briefly traveled outside of the USA as an adult, my experiences in Canada, the USA, and Mexico found the oppressive impositions on people in Canada and Mexico more troublesome than those in the USA, primarily because of the existential need people have to defend themselves, and the intolerable restrictions on firearms in Canada and Mexico. Even in the USA where it is unlawful to infringe on the right of the people to keep and bear arms, there are intolerable restrictions on firearms, and I do not find any polity blameless of tyrannical oppression of it's people.

The incessant advance of technology will enable humanity to escape geographical restrictions that today force people to submit to tyranny, and I look forward to the advent of absolute freedom and prosperity humanity will enjoy when able to create their own felicity in the vast expanse of the universe by developing the illimitable resources freely available throughout. Thos. Jefferson said "The polity of the Indians is that which I admire most, because there is the least of it." I agree with him, and find that polity that most agrees with me is that I myself impose, and none other will.

Thanks!

0.01 VYB

Bury My Heart at Wounded Knee

goldgrifin007 2 months ago

I was not aligned with either side of any conflict I know much about. I have always encountered people that seek to control me in some way to profit themselves, and I seek to avoid such control whenever I encounter it. Because of my understanding of human sovereignty I cannot support slavery, and neither would I support forcibly incorporating sovereign states into a union (slavery on a national scale), so I cannot say I supported either side in the Civil war. The Civil war was fought between two sides over what scale slavery was applied, and I submit slavery is unjust at every scale.

I agree with you!
By the way, I believe that slavery will never go away because it is so old that it is mentioned in the Bible. I think American capitalism is indentured slavery!

Even in the USA where it is unlawful to infringe on the right of the people to keep and bear arms, there are intolerable restrictions on firearms, and I do not find any polity blameless of tyrannical oppression of it's people.

I think that America is so vast that Americans cannot get help from the police, so it makes sense for them to arm themselves!
The United States was created because Americans armed themselves and fought against wild beasts, criminals, and enemies.
The reason Americans won the Revolutionary War was because Americans were free to own guns.
But, Steve always advised me to use careful English sentences with Americans.
Maybe he was worried that I would get shot for using rude and barbaric English.😂

Thos. Jefferson said "The polity of the Indians is that which I admire most, because there is the least of it." I agree with him, and find that polity that most agrees with me is that I myself impose, and none other will.

I felt that Thomas Jefferson's argument was excellent!
However, I remember the history that the Indian society was destroyed by the white people who came from Europe!
East Asians think that the US Indian political, economic, and social systems were too weak to prevent the invasion and conquest of the white people!

Dear my respeted senior @valued-customer !
I respect your wonderful thoughts and life. However, East Asians' thoughts seem to be a little different from yours!😄

I hope your health and long life!

valued-customer 2 months ago

"East Asians think that the US Indian political, economic, and social systems were too weak to prevent the invasion and conquest of the white people!"

This seems to be factually correct, however it also seems to neglect that ~99% of native Americans died in the century after the Fifteenth Century explorers from Europe first made contact with the peoples of the American continents, and before the Sixteenth Century efforts to colonize them began. Were the native peoples 100x more powerful when the colonists arrived, I am confident things would have been much different, and the horrific pandemics that utterly destroyed the cultures and peoples of the Americas were what caused them to be too weak to prevent the invasion and conquest they subsequently suffered.

0.01 VYB

commentrewarder 2 months ago

@valued-customer, I paid out 0.943 HIVE and 0.178 HBD to reward 2 comments in this discussion thread.