jasonb - Nostr Hypermedia

We may have an explanation for the next couple of days' actions here... https://www.wsj.com/finance/banking/regulators-set-to-seize-troubled-philadelphia-bank-republic-first-f138401c

jasonb 1 year ago

We may have an explanation for the next couple of days actions here... https://www.wsj.com/finance/banking/regulators-set-to-seize-troubled-philadelphia-bank-republic-first-f138401c

jasonb 1 year ago

Money (short song) - Louis Cole (2019) You've heard the O'Jays (Ohio represent!) "For the Love of Money", and you've probably heard Pink Floyd's "Money," but how many stackers have heard ["Money"]( by Louis Cole?

jasonb 1 year ago

Bitcoin's Night on Broadway

Bitcoin

Bitcoin got lost on the way to his own conference.

jasonb 1 year ago

Bitcoin Battleship

Check out this fun Bitcoin Battleship game. ...truth be told, I just want to create a kind 4550 event to mess around with it in the pleblab nostr devs course.

jasonb 1 year ago

![IMG_6710.jpeg](https://m.stacker.news/25939) So a couple of months back, I [polled stackers](https://stacker.news/items/441054/r/jasonb) on the nutritional merits of Kraft singles and got resoundingly pessimistic results. I'm trying to eat better and found this Amish-made American cheese yesterday. There's no phosphates, which seemed to be the big critique of the craft stuff and why I actually don't buy it anymore. Thanks @k00b! At the end of the day though, I'm not a chemist. So the question is, am I doing any better with this stuff?

jasonb 1 year ago

Here's what I'm working on:

Arcade Wallet

Generated by create next app

Should I call it:

jasonb 1 year ago

Vast - Brandon Coleman

brandon coleman

vast, by brandon coleman

track by brandon coleman

jasonb 2 years ago

What does Oppenheimer teach us about CBDCs? Do you remember where you were when you first heard the acronym MAD? I first heard it when I was a teenager on a trip to the air force academy and we were afforded a tour of NORAD1. My memory is a little hazy on the details, but the most interesting part was when an instructor came out and explained a nuclear war scenario to us. He gave us a vague idea of where all the US nukes were, then a vague idea of where all the Soviet nukes were. After this, he told us what he’d do to confirm the Soviet nukes were in the air before launching ours to all of their major cities. The end. Hands went up. We wanted to know what would happen next. How would they shoot down the enemy nukes? How long would the war last after the first shots were fired? Why target civilians? This was when he told us about Mutually Assured Destruction (MAD)2. Nuclear attack in the Cold War era wasn’t about winning or losing. It was about making the consequences of war unbearably devastating for all parties. The logic went that reasonable actors would therefor avoid kinetic war altogether. For the first time in my life, I understood the true reasoning behind the nuclear race in the cold war. Of course, the biggest catch in the system was that all parties with this power need to be assumed to be reasonable...forever. Oppenheimer3, this summer’s blockbuster biopic about the enigmatic physicist behind the atomic bomb, explores his moral concerns with continued nuclear arms research after WWII. The film dramatizes both his personal and political life and the ethical questions surrounding each of them. The most interesting theme for this writer was the paradox concerning Oppenheimer’s devotion to creating a weapon of mass destruction for one war, and then trying to stuff the genie back in the bottle before the the next one broke out. Fortunately, that hot war hasn’t come yet, but Oppenheimer didn’t accomplish his latter goal and we’ve since developed nukes that make the a-bomb’s mushroom clouds look like the mushrooms from Super Mario Bros4. The film highlights Oppenheimer’s Jewish heritage and his personal convictions concerning the rise of Nazism. With all of the other moral ambiguity, it portrays him as having deep integrity in this regard. However, once that threat had been neutralized, he begins to see more clearly the significance of this new category of weapon. Oppenheimer, or at least the Oppenheimer of the movie, grows to understand acutely the immense burden that now lays on all future generations. Each new nation or other entity that developed nuclear weapons was another trigger-finger on a potential apocalypse. Of course, this could also usher in a new era of threat-induced peace so long as all parties remain reasonable...forever. The dropping of the two atom bombs was horrific. Even so, the weaponization and bureaucratic manipulation of money that exists around the globe today produces more death than the combined total of these two bombings5. Millions of central and western Africans have been robbed through the debasement of the CFA franc by the French government6. The physical violence this has inspired is incalculable. Thousands died in the Arab Spring. The violence was itself inspired by economic hardship in the region, partially a result of the 2008 bank bailouts7. Local inflation in countries like Venezuela8, Zimbabwe9, Turkey10, and Argentina11 results not just in poverty, but in a significant drop in health care and education and a corresponding rise in violence. The weaponization of money and resulting inflation after WWI is even seen by most scholars as a large contributing factor to the rise of Nazism for which Oppenheimer was working against12. Using this same inflation, the richest and most powerful are able to actually able to further enrich themselves through the Cantillon Effect13. More overt weaponization exists in political sanctions, sinister a way to declare war on the civilian population of a country without declaring war on their military. Sometimes, as in the current case in Myanmar, these sanctions hurt the opposition groups more than the actual government that is being opposed14. With all of this in mind, adopting a currency that the government, a corporation, or a single individual can control by the click of a button is arguably one of the most dangerous threats to humanity’s thriving. Whoever held this power could decide who is allowed access to food and who is not. They could decide how long or how much you were allowed to save before it was deleted. They could monitor everything you bought and everywhere you bought it. I’m talking about a Central Bank Digital Currency15 (CBDC). Proponents argue that these concerns about abuse won’t be problems so long as we can trust those with the power. Basically, they are counting on either their allies to remain in power, or their detractors to be ethical enough to refrain from the previously described activities. So with a CBDC, “democracy” can only exist with a uni-party system or the ability to elect perfectly morally upstanding leaders...without a single exception...forever. Bitcoin fixes this16. Unlike nuclear bombs, a CBDC can’t function without widespread adoption. You and I will ultimately determine if this technology has any power. Fortunately, we have an alternative. Bitcoin does not have the power to stop you from buying groceries. No one can debase it’s value from a foreign or domestic state. It requires no extra fees for cross-border payments. While weaponized money may currently be responsible for more death and suffering than nuclear war, we now actually have an armor to protect against it. I only hope that by the time they make the movie about it, we have chosen the happy ending.  1 https://www.norad.mil/About-NORAD/ 2