Damus

Recent Notes

note1v20sj...
oldman profile picture
“On the other hand, cross-border crypto transfers will remain taxed at 5 to 15%. An incentive measure to encourage the inflow of foreign crypto capital, according to experts.”

Fuck that. We want you in, and once you’re here, bend over.
note1uaaae...
oldman profile picture
A public that can no longer distinguish between truth and fiction is left to interpret reality through illusion. Random facts or obscure bits of data and trivia are used either to bolster illusion and give it credibility, or discarded if they interfere with the message . . .
When opinions cannot be distinguished from facts, when there is no universal standard to determine truth in law, in science, in scholarship, or in reporting the events of the day, when the most valued skill is the ability to entertain, the world becomes a place where lies become true, where people can believe what they want to believe. This is the real danger of pseudo-events and pseudo-events are far more pernicious than stereotypes. They do not explain reality, as stereotypes attempt to, but replace reality. Pseudo-events redefine reality by the parameters set by their creators. These creators, who make massive profits selling illusions, have a vested interest in maintaining the power structures they control.

-Chris Hedges
oldman profile picture
If the total value of the world is 5 quadrillion USD and gold’s 253,000 tons total value is 16 trillion USD, then bitcoin’s value should be 321 million dollars. If I do this for oil, I get 250 million dollars. If I do corn, 240 million. Cattle, 240 million dollars.

Bitcoin is the base currency. If gold is valued at 50400 bitcoin, it will always be 50400 bitcoin in the context of the soundest money ever created.

Excuse the rounding errors.

https://money.howstuffworks.com/how-much-money-is-in-the-world.htm
1
oldman · 113w
It’s just everything (5 quadrillion USD) divided by 21 million… or $238 million per bitcoin.
note1rnnx8...
oldman profile picture
Wife came home from working at the local school (small rural county) yesterday and said the superintendent asked her what they needed to do with XX amount of dollars that had been sitting in savings for the last 8-12 years. My wife said, “why not put 50% in Bitcoin?” He responded, why not 100%? He’s going to the board with it.