Current Events: September 28, 2022

edicted in #hive-167922 • 2 years ago

powerdown complete...

A couple hours ago the last week of my 13 week powerdown went through. I'm not sure, but I think this is the first time I've gone the entire 13 weeks without canceling the unlock. I unlocked 1000 Hive a week for 13 weeks (13k total).

8k out of 13k is still in there.

So I've only moved around 5k Hive in the last 13 weeks, but still, I'm annoyed. I'd like to be accumulating during this time, not floating at 140k-150k Hive. At the end of the day I'm just a very low maintenance person and I hate spending money. I was just talking about how I've likely spent less than $10k in the last 12 months. As an American, it doesn't get much lower than that. Even people who work for minimum wage spend more than me the vast majority of the time.

On top of that, I view my Hive stack as part of my Hive reputation. Need moar Hive, amirite? The next big milestone is the ultimate one: WHALE. I'd have to triple up my stack and then some. I think I can do it... just not sure how long it will take. A few years ago I thought I'd never even get 5000 coins, let alone 50,000. The grind is slow, but progress is certain.

Prime minister of Italy

I'm fucking pissed now. I've been searching YouTube for her speech for like 10 minutes, and it's obviously being censored. Getting all the propaganda videos instead.

Guess I have to go back to the @tdvtv post

https://peakd.com/woke/@tdvtv/the-establishment-is-terrified-of-her-ob1qftz3n4a

https://vigilante.tv/w/fjmpzjHVduqiWwpsQ8FotM

Ah, so this is the face of Fascism!

My take on the situation?

Giorgia Meloni is going to become a very popular figure within this political climate. Like Trump, she doesn't talk like a modern day politician. People like that. She fits right in with everything that's going on. A snapback is coming, and if Italy does descend into fascism, it's because the environment we created fishtailed it into that direction. Again, this is something we have to be paying a lot of attention to to filter out all the knee-jerk reaction bullshit being thrown at the situation.

Regardless of all of this, the propaganda against her was extremely mistimed. Her acceptance speech was good. Flawless even. And then to see the left reporting on the victory as "fascism" by people who are arguably fascists? Hm, yeah... you done fucked up with that one. Played right into her hand. Let's see where this goes.

Don't forget to prepare for the hurricane by getting vaccinated.
Thank you for your service, Mr. President.
No commentary needed.

Bukele stealing a second term in El Salvador.

This guy really does remind me of Julius Caesar.
Yeah, he's a dictator, but he's also got a high approval rating.
Plus he's obviously extremely pro-Bitcoin.

Apparently you can't run for re-election in El Salvador.
He's changing the rules.
Something we should be paying attention to for sure.
Reserving judgement for a later time.

The following article is behind a paywall at https://www.nytimes.com/

Currencies around the world are tumbling. Except Bitcoin.

The cryptocurrency has risen 6.5 percent over the past seven days, bucking the trend as a strong dollar sinks other currencies.

The surging dollar is wrecking stock portfolios, clobbering commodity prices and sinking rival currencies. The British pound has been among the most volatile currencies against the dollar, tumbling 5.6 percent over the past seven days, and briefly hitting a record low on Monday of $1.0327.

But one asset has been relatively calm over the past week: Bitcoin. The cryptocurrency has risen 6.5 percent over the past seven days, a surprisingly strong run that has caught the eye of crypto bulls and bears.

“You know we’ve reached a unique time in history when #Bitcoin suddenly is less volatile than fiat currencies,” tweeted Sven Henrich, the founder of NorthmanTrader, a markets research firm. Mr. Henrich was one of the most prominent bears during the recent bull market, warning about overpriced assets like crypto.

When central banks raised interest rates, Bitcoin largely traded like risky assets, such as tech stocks. But that hasn’t necessarily been the case over the past month. Bitcoin has traded in the green (but only slightly) so far in September, while the tech-heavy Nasdaq is down nearly 10 percent over that period.

But zoom out further, and the picture looks more frightening for crypto bulls. Bitcoin has lost more than half its value in 2022, far underperforming stocks, bonds and most currencies.

Funny because it was only the title that mattered.

And the title wasn't behind the paywall. Clickbait much?
It's wild so see that headline from such a prestigious outlet.

@stablekwon still an international fugitive

Many believe that Do Kwon needs to be brought to 'justice' for the systemic failure of the LUNA/UST ecosystem. Someone needs to be held accountable for this 'crime'.

If we need to cut the fat, I say we start right here...

Every single investor of the Terra/Luna ecosystem is at fault for pumping their liquidity into an ecosystem that was obviously flawed even with the most elementary analysis of the conversion mechanic. Anyone that knows how HBD works (haircut on the debt cap) could have looked at UST and been like... "No debt cap? That's eventually going to crash to zero." It was very obvious.

But instead what we saw was greedy institutional investors lining up to get their "free" 20% APR with "zero risk". Pumping UST without demand for collateral LUNA created a horrifically unstable debt-ratio situation that death-spiraled in a very predictable way. I remember during the DEFI craze when everyone was pumping money into everything, LUNA got talked about a lot. I took one look at it and was like, "I don't have time for that." It just seemed wrong right from the start, so I didn't even bother looking into it (let alone investing into it). Still anyone who timed it right made an easy 100x. Not too shabby.

People need to stop blaming others and take accountability for their own actions. Do Kwon already has paid for his crimes. His reputation is destroyed. No one will ever allow him to lead another project within the new world of abundance we are creating. Demanding that he be punished is the sign of a weak mind rooted in scarcity, imperialism, and the police state. It's not going to pump your bags or accomplish anything productive. It can only hurt the grassroots movement we have going here, if anything.

So why am I team Do Kwon?

Because today a greedy scammer is on the run, but tomorrow it could be anyone. It could be your hero that gets put on the Interpol red list. There is a war coming. A war that threatens to take power away from the elite. You think they're going to stop at Do Kwon? Of course they won't.

The longer he evades capture the more it proves that crypto billionaires can go underground and keep fighting from the shadows. That's powerful. I hope he never gets caught. Kudos to Do Kwon for being an international criminal and still maintaining a Crypto Twitter presence... lol that's badass. Doesn't even matter if it's him writing the Tweets or not. Simply the symbol of it all is quite powerful. The empire is losing their grip.

Conclusion

I looked for that Giorgia Meloni speech once more and still couldn't find it. YouTube has completely buried it on the search algorithm. Post link below if you can find it. It's quite obvious why such a thing would be done. Hard to call someone a fascist when they are the only one in the room speaking any sense. I think the damage has already been done though. The left messed up bad by not backing up their claims of fascism with any evidence.