Happy Easter everyone.

Good morning.

Akemashite omedeto gozaimasu!

Some numbers were released.

Good morning.

"The liberal international order is slowly coming apart." That is the headline from a recent Economist editorial. They weren't asking a question, either. It was a clear statement of fact. Here is the prediction of what is to come: "The decline of the system threatens to slow that progress, or even throw it into reverse. Once broken, it is unlikely to be replaced by new rules. Instead, world affairs will descend into their natural state of anarchy that favours banditry and violence." And here is what we currently lack: "Without trust and an institutional framework for co-operation, it will become harder for countries to deal with the 21st century’s challenges" One promising solution is to adopt a global #bitcoin  standard. A fair protocol for the transfer of value. It might help us avoid WWIII. https://www.economist.com/leaders/2024/05/09/the-liberal-international-order-is-slowly-coming-apart

Support.

The tide has turned. The darkest days are behind us. We are starting to win. The department of energy survey: struck down and withdrawn. Milei in Argentina. More and more voices raised against DEI and ESG. The farmers of the EU. The truckers in Canada. And of course, our beloved Bitcoin, doing its ever lovin’ thang. Here’s to all of us.

I’m sure this is an old comparison, but it struck me that proof of work in the bitcoin context is like a game with the following setup: 1. A game master- sets the rules and adjudicates the winner (in this case the software) 2. The arena where the game is played: a large sandbox filled with brown sand into which is placed one grain of green sand. 3. The players: entities with scoops. 4. The goal: find the green grain of sand 5. Open to as many players as want to join. 6. If the grain of green sand is found too quickly, the game master expands the sandbox (the difficulty adjustment) This doesn’t extend to two players finding the green grain at the same time. Anyway, I got a little more clarity by having a physical metaphor to think about.

If ever in Japan, go to Kusatsu Onsen to take the waters. Very pretty spot and the sulphury water is excellent .

Regarding FinCEN regulation 2023-0016: Here is the link to submit comments:

Federal Register

Proposal of Special Measure Regarding Convertible Virtual Currency Mixing, as a Class of Transactions of Primary Money Laundering Concern

FinCEN is issuing a notice of proposed rulemaking (NPRM), pursuant to section 311 of the USA PATRIOT Act, that proposes requiring domestic financia...

@preston has done a load of work on this. Read his analysis here:

ego death capital

Analysis of FinCEN Policy FINCEN-2023-0016: Overreach and Impact on Individual Rights — ego death capital

Explore our in-depth critique of FinCEN

You can amplify his efforts by submitting a comment based on his research if you don't have time to dig in yourself (it took him three weeks). the comment box has limited character capacity, so one option is to save his answers as a text or pdf file and upload it. The more comments we drop the more ammo the lawyers have when the fight comes.

10 years ago today, Hodling was born. Happy Hodlday!

In four days it will be Hodl Day. Happy Hodl Day!

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Bonjour

Guten morgen

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