Tag: #Life

100 Based things

Here is a list of 100 of the best based things:

  • Writing clever, articulate and edgy raps – Based
  • Eating food with no care for nutrition – based
  • Making jokes at the expense of politcally correct people – based
  • Creating witty and inspired retorts – based
  • Refusing to conform to society’s expectations – based
  • Developing viral content – based
  • Dreaming without the boundaries of reality – based
  • Taking no sh*t from anyone – based
  • Standing up for what is right – based
  • Throwing away society’s conventions – based
  • Experimenting with new ideas – based
  • Making creative use of your skills – based
  • Celebrating all forms of success – based
  • Questioning the world around you – based
  • Expressing yourself through Art – based
  • Learning from your mistakes – based
  • Breaking the mold – based
  • Making bold statements – based
  • Improvising on the fly – based
  • Challenging the status quo – based
  • Working hard without complaining – based
  • Respecting others’ opinions – based
  • Venturing beyond your comfort zone – based
  • Befriending other outliers – based
  • Taking risks, but staying safe – based
  • Developing mental strength – based
  • Acknowledging the beauty of the world – based
  • Choosing courage over fear – based
  • Embracing your uniqueness – based
  • Worrying less, but achieving more – based
  • Being a loyal friend – based
  • Working to help others – based
  • Succeeding in your own way – based
  • Standing up for the weak – based
  • Being honest about your failures – based
  • Tackling the world with passion – based
  • Leading without authority – based
  • Accepting your flaws – based
  • Owning up to them – based
  • Motivating yourself to go further – based
  • Making informed decisions – based
  • Listening to and understanding others –based
  • Analyzing problems and finding solutions – based
  • Seeing the world differently – based
  • Working against money-grubbing corporations – based
  • Refusing to be controlled by social media – based
  • Taking responsibility for your actions – based
  • Rejecting the influence of peer pressure – based
  • Showing gratitude for what you have – based
  • Developing a thick skin – based
  • Not taking no for an answer – based
  • Embracing the joy of risk-taking – based
  • Winning without gloating – based
  • Taking time for yourself – based
  • Diversifying your investments – based
  • Helping others around you succeed – based
  • Avoiding useless debates – based
  • Refusing to give into oppression – based
  • Going against the grain – based
  • Moving through life with grace – based
  • Not caring about popular opinion – based
  • Not caving into herd mentality – based
  • Outwitting conventional wisdom – based
  • Standing your ground against bullies – based
  • Reclaiming lost ground – based
  • Detaching yourself from material possessions – based
  • Questioning authority – based
  • Resisting unjust power – based
  • Ignoring criticism – based
  • Seeing through deception – based
  • Overcoming adversity – based
  • Pursuing excellence – based
  • Living life without regrets – based
  • Becoming Unbreakable – based
  • Following your gut feeling – based
  • Slaying the dragon of Conformity – based
  • Crushing comfort zones – based
  • Exploring the unknown – based
  • Keeping a cool head in a crisis – based
  • Analyzing data intelligently – based
  • Not wasting time with gossip – based
  • Adopting a Zero-Tolerance policy – based
  • Connecting with likeminded people – based
  • Committing thought crimes – based
  • Spreading your message – based
  • Asserting your autonomy – based
  • Resolving conflicts quickly – based
  • Not conforming to gender roles – based
  • Refusing to settle for mediocrity – based
  • Not taking life too seriously – based
  • Living life to the fullest – based
  • Rewriting stories with your own pen – based
  • Expressing yourself without limits – based
  • Being You – based

Trust is not based, and relying on trust is unbased. It is foolish to ever trust someone, because the only way to truly ensure that what someone is saying is true is to verify it yourself.

Relying on trust to make important decisions is the same as not making decisions at all, which would be why wise people have always told each other to never trust anyone, ever.

Instead, one should always verify all information, or else make use of carefully-chosen massive liabilities and hedges, so as to eliminate the need to trust.

…

Btw, did I mentioned the list was made by a Non-Human, Red-Pilled Entity 😁😋🤣

I would love to hear thoughts, opinions and critics about this, from you all dear readers.

Henry David Thoreau

Henry David Thoreau

“Disobedience is the true foundation of liberty.

The obedient must be slaves.”

Henry David Thoreau

Henry David Thoreau (July 12, 1817-May 6, 1862) was an American essayist, philosopher, and poet. Thoreau’s writing is heavily influenced by his own life, in particular his time living at Walden Pond. He has a lasting and celebrated reputation for embracing non-conformity, the virtues of a life lived for leisure and contemplation, and the dignity of the individual.

Portrait of Henry David Thoreau (1817-1862), 1847. Private Collection.
Heritage Images / Getty Images

A leading transcendentalist, he is best known for his book Walden, a reflection upon simple living in natural surroundings, and his essay “Civil Disobedience” (originally published as “Resistance to Civil Government”), an argument for disobedience to an unjust state.

Thoreau’s books, articles, essays, journals, and poetry amount to more than 20 volumes. Among his lasting contributions are his writings on natural history and philosophy, in which he anticipated the methods and findings of ecology and environmental history, two sources of modern-day environmentalism.

His literary style interweaves close observation of nature, personal experience, pointed rhetoric, symbolic meanings, and historical lore, while displaying a poetic sensibility, philosophical austerity, and attention to practical detail.He was also deeply interested in the idea of survival in the face of hostile elements, historical change, and natural decay; at the same time he advocated abandoning waste and illusion in order to discover life’s true essential needs.

Thoreau was a lifelong abolitionist, delivering lectures that attacked the fugitive slave law while praising the writings of Wendell Phillips and defending the abolitionist John Brown. Thoreau’s philosophy of civil disobedience later influenced the political thoughts and actions of such notable figures as Leo Tolstoy, Mahatma Gandhi, and Martin Luther King Jr.

Thoreau is sometimes referred to as an anarchist. In “Civil Disobedience”, Thoreau wrote: “I heartily accept the motto,—’That government is best which governs least;’ and I should like to see it acted up to more rapidly and systematically. Carried out, it finally amounts to this, which also I believe,—’That government is best which governs not at all;’ and when men are prepared for it, that will be the kind of government which they will have. … But, to speak practically and as a cit­i­zen, unlike those who call themselves no-gov­ernment men, I ask for, not at once no gov­ernment, but at once a better government.”

Legacy

Thoreau did not see the huge successes in his lifetime that Emerson saw in his. If he was known, it was as a naturalist, not as a political or philosophical thinker. He only published two books in his lifetime, and he had to publish A Week on the Concord and Merrimack Rivers himself, while Walden was hardly a bestseller.

Thoreau is now, however, known as one of the greatest American writers. His thinking has exerted a massive worldwide influence, in particular on the leaders of non-violent liberation movements such as Gandhi and Martin Luther King Jr., both of whom cited “Civil Disobedience” as a major influence on them.

Like Emerson, Thoreau’s work in transcendentalism responded to and reaffirmed an American cultural identity of individualism and hard work that is still recognizable today. Thoreau’s philosophy of nature is one of the touchstones of the American nature-writing tradition.

But his legacy is not only literary, academic, or political, but also personal and individual: Thoreau is a cultural hero for the way he lived his life as a work of art, championing his ideals down to the most everyday of choices, whether it be in solitude on the banks of Walden or in behind the bars of the Concord jail.

Henry David Thoreau Quotes

“I was not born to be forced.

I will breathe after my own fashion.

Let us see who is the strongest.”

Henry David Thoreau, “On the Duty of Civil Disobedience”

“I learned this, at least, by my experiment: that if one advances confidently in the direction of his dreams, and endeavors to live the life which he has imagined, he will meet with a success unexpected in common hours.

Rather than love, than money, than fame, give me truth.”

Henry David Thoreau, “Walden”

“I went to the woods because I wished to live deliberately, to front only the essential facts of life, and see if I could not learn what it had to teach, and not, when I came to die, discover that I had not lived.

I did not wish to live what was not life, living is so dear; nor did I wish to practise resignation, unless it was quite necessary.

I wanted to live deep and suck out all the marrow of life, to live so sturdily and Spartan-like as to put to rout all that was not life, to cut a broad swath and shave close, to drive life into a corner, and reduce it to its lowest terms…”

Henry David Thoreau

“The question is not what you look at,     but what you see.”

Henry David Thoreau

“How vain it is to sit down to write when you have not stood up to live.”

Henry David Thoreau

“I find it wholesome to be alone the greater part of the time.

To be in company, even with the best, is soon wearisome and dissipating.

I love to be alone.

I never found the companion that was so companionable as solitude.”

Henry David Thoreau, “Walden”

“The mass of men lead lives of quiet desperation.

What is called resignation is confirmed desperation.

From the desperate city you go into the desperate country, and have to console yourself with the bravery of minks and muskrats.

A stereotyped but unconscious despair is concealed even under what are called the games and amusements of mankind.

There is no play in them, for this comes after work.

But it is a characteristic of wisdom not to do desperate things…”

Henry David Thoreau, “Civil Disobedience and Other Essays”

“You must live in the present, launch yourself on every wave, find your eternity in each moment.

Fools stand on their island of opportunities and look toward another land.

There is no other land; there is no other life but this.”

Henry David Thoreau

“If you have built castles in the air, your work need not be lost; that is where they should be.

Now put the foundations under them.”

Henry David Thoreau, “Walden”

“Books are the treasured wealth of the world and the fit inheritance of generations and nations.”

Henry David Thoreau, “Walden”

“All good things are wild and free.”

Henry David Thoreau

“If a man does not keep pace with his companions, perhaps it is because he hears a different drummer.

Let him step to the music he hears, however measured or far away.”

Henry David Thoreau

“Our life is frittered away by detail.

Simplify, simplify.”

Henry David Thoreau, “Walden and Other Writings”

“We need the tonic of wildness…

At the same time that we are earnest to explore and learn all things, we require that all things be mysterious and unexplorable, that land and sea be indefinitely wild, unsurveyed and unfathomed by us because unfathomable.

We can never have enough of nature.”

Henry David Thoreau, “Walden: Or, Life in the Woods”

“Live in each season as it passes; breathe the air, drink the drink, taste the fruit, and resign yourself to the influence of the earth.”

Henry David Thoreau, “Walden”

“Read the best books first, or you may not have a chance to read them at all.”

Henry David Thoreau, “A Week on the Concord and Merrimack Rivers”

“I learned this, at least, by my experiment; that if one advances confidently in the direction of his dreams, and endeavors to live the life which he has imagined, he will meet with a success unexpected in common hours…”

Henry David Thoreau

“However mean your life is, meet it and live it; do not shun it and call it hard names.

It is not so bad as you are.

It looks poorest when you are richest.

The fault-finder will find faults even in paradise.

Love your life, poor as it is.

You may perhaps have some pleasant, thrilling, glorious hours, even in a poorhouse.

The setting sun is reflected from the windows of the almshouse as brightly as from the rich man’s abode; the snow melts before its door as early in the spring.

I do not see but a quiet mind may live as contentedly there, and have as cheering thoughts, as in a palace.”

Henry David Thoreau, “Walden”

“As if you could kill time without     injuring eternity.”

Henry David Thoreau, “Walden”

“Nothing makes the earth seem so spacious as to have friends at a distance; they make the latitudes and longitudes.”

Henry David Thoreau

“There is no remedy for love but                 to love more.”

Henry David Thoreau

“Things do not change; We change.”

Henry David Thoreau, “Walden”

“Our truest life is when we are in dreams awake.”

Henry David Thoreau

“The cost of a thing is the amount of what I will call life which is required to be exchanged for it, immediately                     or in the long run.”

Henry David Thoreau, “Walden”

“If we will be quiet and ready enough, we shall find compensation in every disappointment.”

Henry David Thoreau, “I to Myself: An Annotated Selection from the Journal of Henry D. Thoreau”

“A man is rich in proportion to the number of things which he can afford to let alone.”

Henry David Thoreau, “Walden”

“Every generation laughs at the old fashions, but follows religiously the new.”

Henry David Thoreau, “Walden”

“As you simplify your life, the laws of the universe will be simpler; solitude will not be solitude, poverty will not be poverty, nor weakness weakness.”

Henry David Thoreau

“What is the use of a house if you haven’t got a tolerable planet to put it on?”

Henry David Thoreau, “Familiar Letters”

“I do believe in simplicity.

It is astonishing as well as sad, how many trivial affairs even the wisest thinks he must attend to in a day; how singular an affair he thinks he must omit.

When the mathematician would solve a difficult problem, he first frees the equation of all incumbrances, and reduces it to its simplest terms.

So simplify the problem of life, distinguish the necessary and the real.

Probe the earth to see where your main roots run.”

Henry David Thoreau

“The preachers and lecturers deal with men of straw, as they are men of straw themselves.

Why, a free-spoken man, of sound lungs, cannot draw a long breath without causing your rotten institutions to come toppling down by the vacuum he makes.

Your church is a baby-house made of blocks, and so of the state.

…The church, the state, the school, the magazine, think they are liberal and free!

It is the freedom of a prison-yard.”

Henry David Thoreau, “I to Myself: An Annotated Selection from the Journal of Henry D. Thoreau”

“The mass of men lead lives of quiet desperation.”

Henry David Thoreau, “Walden”

“How many a man has dated a new era in his life from the reading of a book.”

Henry David Thoreau, “Walden”

“…for my greatest skill has been to want but little.”

Henry David Thoreau, “Walden”

“If one advances confidently in the direction of his dreams, and endeavors to live the life which he has imagined, he will meet with a success unexpected in common hours.

He will put some things behind, will pass an invisible boundary; new, universal, and more liberal laws will begin to establish themselves around and within him; or the old laws be expanded, and interpreted in his favor in a more liberal sense, and he will live with the license of a higher order of beings.”

Henry David Thoreau, “Walden”

Motivation Formula

Motivation = (Expectancy X Value) / (Impulsiveness X Delay)
  • Expectancy : How likely you feel you’ll succeed
  • Value : What you’ll gain from succeeding
  • Impulsiveness : Your natural inclination to put things off
  • Delay : How much time you have to complete the task

Add it up, and the result is your current level of motivation. 

The less confident you are, the less exciting the outcome, the longer you have to get it done … the more likely you are to put it off.

Happy Children’s Day

Knowledge is…

Knowledge is Power !!!

WRONG !!!
Knowledge is Power …
When Applied !!!

Apollo BTC – A Bitcoin ASIC Miner and Desktop Class Computer running a Full Node

Introducing the FutureBit Apollo BTC

Six CPU Cores. 44 ASIC Cores. 1TB NVMe Based SSD Drive. Quiet. Less than 200 Watts of Power. Made in the USA. This is what the Future of Bitcoin looks like. 

FutureBit Apollo BTC is the world’s first vertically integrated platform bringing the full power of Bitcoin and it’s mining infrastructure in a small, quiet, easy to use desktop device designed for everyday people. 

We have iterated and learned much from our first Apollo product. We realized early on that we focused too much on the mining aspect, and not enough on the software, applications, and services that run Bitcoin. Too many of these services have moved to online centralized websites, and many users have given up on running the core software that powers Bitcoin. 

This must change, as Bitcoin will not continue to be the free, un-censorable, decentralized system it is today if only a few control the mining that powers it, and the nodes that control it. 

At the heart of the new Apollo BTC product is a revamped SBC (Single Board Computer), that is as powerful as any consumer grade desktop system and can run almost any Bitcoin Application natively on the device 24/7. Take it out of the Box, plug it in, power it on, and you are already running a full Bitcoin node without needing to do anything.

Install a wallet of your choice, use any hardware wallet, run BTCPayServer, run a block explorer, run a Lightning Node. All of this is possible with our six core ARM based CPU with 4GB of RAM, and a 1TB NVMe drive that can easily store a FULL non pruned Bitcoin Node. It can power through a Full Node Sync in under 48 hours, which is a record for a device of its class! This is almost an order of magnitude faster than any Raspberry Pi 4 based Node. 

On top of this we have taken our 6 years of experience building ASIC mining devices, and engineered the only American Made TeraHash range Bitcoin mining device that can be silent on your desk, mine Bitcoin in the background 24/7, and only use the power of one light bulb to do it. 

We did this with our optimized PCB design that has carefully placed all 44 hash cores underneath our custom cold-forged aluminum induction heatsink, which draws up to 200 Watts of heat away from the device with our new nearly silent 25mm fan. This results in the Apollo BTC in Turbo Mode being just as quiet as the Apollo LTC in Eco Mode!

Like our previous products, we are super proud that we can continue manufacturing the Apollo BTC in the USA, and are now the only USA based company that delivers Bitcoin ASIC products with a supply chain whole owned in the western hemisphere (no more reliance on Chinese based ASICS, and their willingness to only sell to large farms and the highest bidder). 

OPTIONS

Full Apollo Package: This is our Full Package option that comes with everything you need in the box. The Apollo BTC Unit with our latest controller built in, and our 200W Power supply with power cable. 

Full Apollo Package NO Power Supply: We are also offering the Full Package with no power supply for people that want the plug-n-play experience but have spare 12v ATX power supply. 

Standard: This option is ONLY the Apollo ASIC Miner, with no controller or power supply. Our new hashboard has a micro USB port, and can be used as a USB device. The Full Apollo Node can control multiple standard units through its USB ports. We wanted to give our customers an option to expand their hash power in a cost effective way. If you already have a Raspberry Pi, or Linux/Windows Desktop Computer and a power supply with two PCIE power ports you can also control our Standard unit in this way with our stand alone miner software (please note this setup will be for more advanced users, and the software will be command line based on launch). 

Standard + Power Supply: Same as our Standard unit above, but comes with our 200W Power supply. This is a plug and play solution if you already have a Full Apollo Package. Take it out of the box, plug in the power supply, plug in the micro USB cable to the back of your Full Apollo BTC and it will automatically recognize the second hashboard and start mining! 

  • Compact All-In-One Desktop Bitcoin System (4x6x4in) that mines Bitcoin and any SHA256 based crypto (Bitcoin Cash etc). 
  • Powerful 6 ARM Core CPU with 4GB of LPDDR4 RAM and 1TB NVMe SSD (NOT included in the Standard or Standard + package). 
  • Comes Pre-Installed with a Bitcoin node, and you can install almost any Bitcoin Application
  • Very wide range of operation modes with preset ECO (quiet) mode, BALANCED, and TURBO mode. 
  • 2-3.8 TH/s of SHA256 performance per miner (+/- 5%)
  • 125 Watts in ECO mode, and 200 Watts in TURBO * +/- 10%
  • Can be used as a full Desktop computer with a monitor keyboard and mouse (not included), or through our Web UI
  • Connect almost any peripheral with our USB 3.0 ports, USB C port, HDMI, AC Wifi, and Bluetooth 
  • Clocks and Power is fully customizable by user with easy to use interface
  • Hashboard now monitors both voltage and power draw for accurate measurements*
  • Custom designed cold forged hexagonal pin heatsink with leading thermal performance for the quietest ASIC miner in operation!
  • 1k-5k RPM Quiet Dual Ball Bearing Fan with automatic thermal management with onboard temperature sensor
  • Controlled via local connection on a web browser similar to antminers. You can simply set it up via smartphone browser. No crazy driver installs, hard to use miner software or scripts needed.
  • Two Six Pin PCIE power connectors for wide-range of power draw
  • Custom Designed all Aluminum case
  • Ships with our own custom built 200W 94% efficient PSU and is ready to run out of the box! (Does NOT come with Standard package). 

 Requirements:

  • Router with an Ethernet cable for initial setup OR Monitor with keyboard and mouse
  • At least a 250 watt 12v power supply with two 6 Pin PCIE connector is required (unless you order our packages that come with our power supply). This is the same connector used by all modern GPUs. Please note even standard units NEED a power supply, they cant be powered through the USB port on the full package unit. 

As I am the owner of two of these beauties, that I have on my office as you saw in the photo above, I took the liberty to make Free-Publicity for the FutureBit Apollo Btc Miner.

Kudos to jstefanop

Source:

https://www.futurebit.io/

With 💚

Trilemma of International Finance

Trilemma of International Finance

The relative value of any two curren-
cies—the exchange rate—is determined
through their sale and purchase on the global foreign exchange market. If government policy interferes with this market by changing the relative supply or demand of currencies, the exchange rate is managed.

The trilemma of international finance, is a restriction on government policy that follows immediately from the interaction of exchange rates, monetary policy and international capital flows.

Trilemma of International Finance

The trilemma states that any country can have only two of the following:

  • (1) Unrestricted international capital markets.
  • (2) A managed exchange rate.
  • (3) An independent monetary policy.

If the government wants a managed exchange rate but does not want to interfere
with international capital flows, it must use
monetary policy to accommodate changes
in the demand for its currency in order to
stabilize the exchange rate.

In the extreme, this would take the form of a currency board arrangement, where the domestic currency is fully backed by a foreign currency (as in the case of Hong Kong).

In such a situation, monetary policy can no longer be used for domestic purposes (it is no longer independent).

If a country wishes to maintain control over monetary policy to reduce domestic unemployment or inflation, for example, it must limit trades of its currency in the international capital market (it no longer has free international capital markets).

A country that chooses to have both unrestricted inter-national capital flows and an independent monetary policy can no longer influence its exchange rate and, therefore, cannot have a managed exchange rate.

Pieters and Vivanco (2016), government
attempts to regulate the globally accessible
bitcoin markets are generally unsuccessful,
and, as shown in Pieters (2016), bitcoin exchange rates tend to reflect the
market, not official exchange rates.

Should the flows allowed by bitcoin become big enough, all countries will have, by default, unrestricted international capital markets.

Thus, with bitcoin, (1) unrestricted
international capital markets is chosen by
default.

Therefore, the only remaining policy choice is between (2) managed exchange rates or (3) independent monetary policy.

If the country chooses (1) and (2), it must use reactive monetary policy to achieve the managed exchange rate.

If the country chooses (1) and (3), it must have a floating exchange rate because it has no remaining tools with which to maintain a managed exchange rate.

Ali et al. (2014), the European Central
Bank (2015) and the Bank for International
Settlements (2015) all concur that cryptocur-
rencies may eventually undermine monetary policy.

With 💚

Au – 💲 – ₿

Gold is a chemical element with the symbol Au (from Latin: aurum) and atomic number 79, making it one of the higher atomic number elements that occur naturally.

It is a bright, slightly orange-yellow, dense, soft, malleable, and ductile metal in a pure form.

Chemically, gold is a transition metal and a group 11 element. It is one of the least reactive chemical elements and is solid under standard conditions.

Gold often occurs in free elemental (native) form, as nuggets or grains, in rocks, veins, and alluvial deposits. It occurs in a solid solution series with the native element  silver (as electrum), naturally alloyed with other metals like copper and palladium, and mineral inclusions such as within pyrite.

Less commonly, it occurs in minerals as gold compounds, often with tellurium (gold tellurides).

A relatively rare element, gold is a precious metal that has been used for coinage,  jewelry, and other arts throughout recorded history.

In the past, a gold standard was often implemented as a monetary policy.

Still, gold coins ceased to be minted as a circulating currency in the 1930s, and the world gold standard was abandoned for a fiat currency system after 1971.

As of 2017, the world’s largest gold producer by far was China, with 440 tonnes per year.

A total of around 201,296 tonnes of gold exists above ground, as of 2020. This is equal to a cube with each side measuring roughly 21.7 meters (71 ft).

Gold’s high malleability, ductility, resistance to corrosion and most other chemical reactions, and conductivity of electricity have led to its continued use in corrosion-resistant electrical connectors in all types of computerized devices (its chief industrial use).

The world consumption of new gold produced is about 50% in jewelry, 40% in investments and 10% in industry.

Gold is also used in infrared shielding,  colored-glass production, gold leafing, and tooth restoration. Certain gold salts are still used as anti-inflammatories in medicine.

F I A T

Fiat money (from Latin: fiat, “let it be done”) is a type of money that is not backed by any commodity such as gold or silver, and typically declared by a decree from the government to be legal tender.

Throughout history, fiat money was sometimes issued by local banks and other institutions. In modern times, fiat money is generally established by government regulation.

Yuan dynasty banknotes are a
medieval form of fiat money

Fiat money does not have intrinsic value  and does not have use value. It has value only because the people who use it as a medium of exchange agree on its value. They trust that it will be accepted by merchants and other people.

Fiat money is an alternative to commodity money, which is a currency that has intrinsic value because it contains a precious metal such as gold or silver which is embedded in the coin.

Fiat also differs from representative money, which is money that has intrinsic value because it is backed by and can be converted into a precious metal or another commodity.

Fiat money can look similar to representative money (such as paper bills), but the former has no backing, while the latter represents a claim on a commodity (which can be redeemed to a greater or lesser extent).

Government-issued fiat money  banknotes  were used first during the 11th century in China.

Fiat money started to predominate during the 20th century.

Since President Richard Nixon‘s decision to default on the US dollar convertibility to gold in 1971, a system of national fiat currencies has been used globally.

Fiat money can be:

  • Any money that is not backed by a commodity.
  • Money declared by a person, institution or government to be legal tender, meaning that it must be accepted in payment of a debt in specific circumstances.
  • State-issued money which is neither convertible through a central bank to anything else nor fixed in value in terms of any objective standard.
  • Money used because of government decree.
  • An otherwise non-valuable object that serves as a medium of exchange (also known as fiduciary money.)

The term fiat derives from the Latin word  fiat, meaning “let it be done” used in the sense of an order, decree or resolution.

Bitcoin – Digital Gold

The most common, and best, ways to think about bitcoin is as “digital gold”.

Like gold, bitcoin doesn’t rely on a central issuer, can’t have its supply manipulated by any authority, and has fundamental properties long considered important for a monetary good and store of value.

Unlike gold, bitcoin is extremely easy and cheap to “transport”, and trivial to verify its authenticity.

Bitcoin is also “programmable”. This means custody of bitcoin can be extremely flexible. It can be split amongst a set of people (“key holders”), backed up and encrypted, or even frozen-in-place until a certain date in the future. This is all done without a central authority managing the process.

You can walk across a national border with bitcoin “stored” in your head by memorizing a key.

The similarities to gold, plus the unique features possible because bitcoin is purely digital, give it the “digital gold” moniker.

Sharing fundamental properties with gold means it shares use-cases with gold, such as hedging inflation and political uncertainty.

But being digital, bitcoin adds capabilities that are especially relevant in our modern electronic times.

The world does indeed need a digital version of gold.

People’s Money
With 💚

Bitcoin surges after accidentally released Treasury statement

Bitcoin surges after accidentally released Treasury statement

Prices of Bitcoin and other cryptocurrencies have soared following the apparent accidental release of a U.S. Treasury statement on Biden’s expected executive order on digital assets.

The premature statement by Treasury Secretary Yellen, which was dated March 9, has since been removed.

“President Biden’s historic executive order calls for a coordinated and comprehensive approach to digital asset policy.  This approach will support responsible innovation that could result in substantial benefits for the nation, consumers, and businesses. 

It will also address risks related to illicit finance, protecting consumers and investors, and preventing threats to the financial system and broader economy.”

Quote from the now deleted statement

At the time of writing, Bitcoin is up nearly 8% in the last 24 hours.

Biden’s executive order aims to regulate the crypto market while also reaping the benefits of digital currencies.

So far, like most countries in the world, the US has tended to react to developments and has limited itself to pointing to a political-economic approach that is yet to be developed.

Statement by Secretary of the Treasury Janet L. Yellen on President Biden’s Executive Order on Digital Assets

March 9, 2022

WASHINGTON –  U.S. Secretary of the Treasury Janet L. Yellen released the following statement on President Biden’s executive order on digital assets. 

“President Biden’s historic executive order calls for a coordinated and comprehensive approach to digital asset policy.  This approach will support responsible innovation that could result in substantial benefits for the nation, consumers, and businesses.  It will also address risks related to illicit finance, protecting consumers and investors, and preventing threats to the financial system and broader economy.

Under the executive order, Treasury will partner with interagency colleagues to produce a report on the future of money and payment systems. We’ll also convene the Financial Stability Oversight Council to evaluate the potential financial stability risks of digital assets and assess whether appropriate safeguards are in place. And, because the questions raised by digital assets often have important cross-border dimensions, we’ll work with our international partners to promote robust standards and a level playing field.

This work will complement ongoing efforts by Treasury. Already, the Department has worked with the President’s Working Group on Financial Markets, the FDIC, and OCC to study one particular kind of digital asset – stablecoins– and to make recommendations. Under the executive order, Treasury and interagency partners will build upon the recently published National Risk Assessments, which identify key illicit financing risks associated with digital assets. 

As we take on this important work, we’ll be guided by consumer and investor protection groups, market participants, and other leading experts.  Treasury will work to promote a fairer, more inclusive, and more efficient financial system, while building on our ongoing work to counter illicit finance, and prevent risks to financial stability and national security.”

Sources:

https://forbes.com/

https://disclose.tv/

https://bloomberg.com/

https://web.archive.org/web/20220309014601/https://home.treasury.gov/news/press-releases/jy0643

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ASICs vs. SuperComputers

Asics
SuperComputers

ASICs vs Supercomputers

Assigning the most powerful supercomputer to mine bitcoin would be comparable to hiring a grandmaster chess player to move a pile of bricks by hand.

The job would get done eventually but the chess player is much better at thinking and playing chess than exerting energy to repetitively move bricks. 

Likewise, combining the computing power of the most powerful supercomputers in the world and using them to mine bitcoin would essentially be pointless when compared to the ASIC machines used today.

ASICs are designed to do one thing as quickly and efficiently as possible, whereas a supercomputer is designed to do complicated tasks or math problems.

Since Bitcoin mining is a lottery based on random trial and error rather than complex math, specialization (ASICs) beats general excellence (supercomputers) everytime.

End of Lesson !!!

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Veritas … In pictures…

Fear is Sickness
Gold is Money…
Uni-Verse
Success
Genes that erase memories
Researches can erase painful memories from the brain
Scientists deletes “Fearful” memories of Rats
Pokemon Go users give away all privacy rights
“Broken People” = Raw  Material
Robert Noyce
Compounding Interest
Simple & Compound Interest Formula
Simple Interest & Compound Interest
PBIS Rewards
ROI – Return On Investment
Play the role of a fool…
Occult – Anatomy
20 Fastest Growing + Declining Jobs
Causes and Effects of Inflation
The History of Logistics
SSG 16.9 – Legal Identity for all
Scientists call for Protection from Non-Ionizing Electromagnetic Field Exposure
Protest’s are Illegal and punished with Jail Time in a “Free” Society !!!?¿!!!
Human Value Chain
Opposition to the use of Blockchain Identity – Part 1
Opposition to the use of Blockchain Identity – Part 2
Human Capital Performance Bond
Strategies for Investing in Undervalued Human Capital
U.S Army TRADOC G-2
Digitizing Government-to-Person (G2P) Payments

Will be Always Updated !!!

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Bitcoin Mining – Where the Profitable Future Lies

The Times – January 3, 2009
Bitcoin Genesis Block
Mined 03 January 2009
Cypherpunks Write Code
CODE IS LAW
THE SOONER HUMANKIND ACCEPTS IT,
THE SOONER IT CAN BUILD AROUND IT
Yeah.. I wonder Why 😂
Bitcoin made easy
How a Bitcoin transaction works
A humble Miner
How Bitcoin Mining Works
Mining Difficulty
Bitcoin Halving
Bitcoin Previous Halvings
Pools
Bitcoin Wallets
Bitcoin Stakeholders
Bitcoin Facts
Power to the People
Totalitarian Governments can kiss my 256-bit key
Bitcoin – People’s Money
Bitcoin cannot be Shut Down
The power of the long tail…
Central Bank’s 3 Strategies
F**k them, Enough !!!
Upcoming Smart Contracts Networks
Bitcoin Yearly Candles
Bitcoin Price History – Log Scale
Bitcoin Mining Ecosystem Map
Defi Ecosystem in Ethereum
DeFi Stack: Product& Application View
Syscoin Ecosystem
Syscoin
BSC Ecosystem
Popular Cryptocurrency
Crpto Ecosystem
Public Companies that own Bitcoin
Top Banks investing in Crypto
Bitcoin Inflation vs. Time
When you’re Ready…
Choose Wisely
Make bitcoin thrive, let fiat become humus…
Veritas non Auctoritas
Facit Legem

Most people misunderstand what bitcoin miners actually do, and as a result they don’t fully grasp the level of security provided by bitcoin’s hashrate.

In this article, we’ll explain proof of work in a non-technical way so that you’ll be able to counter the misinformation about supercomputers and quantum computers attacking the Bitcoin network in the future. 

Simply put, mining is a lottery to create new blocks in the Bitcoin blockchain. There are two main purposes for mining:

  1. To permanently add transactions to the blockchain without the permission of any entity.
  2. To fairly distribute the 21 million bitcoin supply by rewarding new coins to miners who spend real world resources (i.e. electricity) to secure the network.

To understand what is actually happening in this lottery system, let’s look at a simple analogy where every Bitcoin hash is equivalent to a dice roll.

Luck, Gambling, and SHA-256

Imagine that miners in the Bitcoin Network are all individuals gambling at a casino. In this example, each of these gamblers have a 1000 sided dice. They roll their die as quickly as possible, trying to get a number less than 10. Statistically, this may take a very long time, but as more gamblers join the game, the time it takes to hit a number less than 10 gets reduced. In short, more gamblers equals quicker rounds.

Once somebody successfully rolls a number less than 10, all gamblers at the table can look down and verify the number. This lucky gambler takes the prize money and the next round begins.

Ultimately, the process of mining bitcoin is very similar. All miners on the network are using Application Specific Integrated Circuits (ASICs), which are specialized computers designed to compute hashes as quickly as possible.

To “compute a hash” simply means plugging any random input into a mathematical function and producing an output.

More hashes per second (i.e. higher hashrate) is equivalent to more dice rolls per second, and thus a greater probability of success.

Miners propose a potential Bitcoin block of transactions, and use this for an input. The block is plugged into the SHA256 hash function which yields a fixed-sized output, known as a hash. A single hash can be computed in less than a millisecond, as it involves no complex math.

If the hash value is lower than the Bitcoin Network difficulty, then the miner who proposed the block wins. If not, then the miner continues trying by computing more hashes.

The successful miner’s block is then added to the blockchain, the miner is rewarded with newly issued bitcoin for their work, and the “next round” begins.

Sources :

https://wikipedia.com/

https://braiins.com/

https://blockdata.com/

https://coin98analytics.com/

https://scoopwhoop.com/

https://stakingrewards.com/

https://syscoin.org/

https://galaxydigitalresearch.com/

https://surveycrest.com/

The Times

The Economist

"Internet of Money" - Andreas Antonopoulus

Hal Finney Quotes

Timothy C. May Quote

Free Spirit Digital Art

!°! If I forgot someone, sorry ! Do tell and I'll add you as a source of inspiration on the list !!! Thanks for understanding !!!

Questions, opinions, critics and requests always welcomed and as time allows will be accomodated !!! 🤓 🙂 😉

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Cardano(ADA) :

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BitcoinCash (BCH)

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Shiba(SHIB) :

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Tron(TRX) :

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Stellar(XLM) :

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The other 6 Billion

AutoDidacticism

a.k.a Self-Learning

Autodidacts take learning into their own hands

Autodidacticism (also autodidactism) or self-education (also self-learning and  self-teaching) is education without the guidance of masters (such as teachers  and professors) or institutions (such as schools).

Generally, autodidacts are individuals who choose the subject they will study, their studying material, and the studying rhythm and time.

Autodidacts may or may not have formal education, and their study may be either a complement or an alternative to formal education.

Many notable contributions have been made by autodidacts.

Etymology

The term has its roots in the Ancient Greek  words αὐτός (autós, lit. ’self’) and διδακτικός (didaktikos, lit. ’teaching’).

The related term didacticism defines an artistic  philosophy of education.

Features Of Autodidactism
Benefits of Being an Autodidact
Leonardo da Vinci
Rabindranath Tagore

“My advice, as in everything, is to read widely and think for yourself.

We need more dissent and less dogma.”

Camille Paglia

“For those of you who may be homeschooled: high school is that four-year asylum where they put teenagers because we have no idea what else to do with them.”

Anthony Esolen

“There is nothing to be gained by pretending that academic involvement is necessary, or even always desirable, in the quest for truth and knowledge.”

Christopher Langan

“Drop out of school before your mind rots from exposure to our mediocre educational system.

Forget about the Senior Prom and go to the library and educate yourself if you’ve got any guts.

Some of you like Pep rallies and plastic robots who tell you what to read.

Forget I mentioned it.

This song has no message.

Rise for the flag salute.”

Frank Zappa, liner notes for song “Hungry Freaks Daddy” on the album “Freak Out!“

“That man is intellectually of the mass who, in the face of any problem, is satisfied with thinking the first thing he finds in his head.

On the contrary, the excellent man is he who condemns what he finds in his mind without previous effort, and only accepts as worthy of him what is still far above him and what requires a further effort in order to be reached.”

José Ortega y Gasset, The Revolt of the Masses (1929)

“When brought to the proletariat from the capitalist class, science is invariably adapted to suit capitalist interests.

What the proletariat needs is a scientific understanding of its own position in society.

That kind of science a worker cannot obtain in the officially and socially approved manner. …

For this reason he must be completely self-taught.”

Karl Kautsky

“Only the autodidacts are free.”

Nassim Nicholas Taleb, “Antifragile: Things That Gain from Disorder”
Autodidacts in Action

Sources :

http://www.goodreads.com

http://www.wikiquote.com

http://www.wikipedia.com

Bitcoin – The People’s Money

Power to the People
Not by Force but by Free Will
The Choice is always Yours
Arise…
Choose Wisely…
People do not understand the Monetary System
Privacy is not Secrecy.
Veritas
Bitcoin cannot be ShutDown
Power of the long tail
CypherPunks Write Code
bitcoin Genesis Block

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