Nobody cares. #nostr #bitcoin #debasement #debtcycle #memes

Tether is launching a stable coin for the United Arab Emirates Dirham („AED“). For background, the AED is pegged has been pegged to the USD since many years and as part of the petrodollar system. The UAE are among the biggest oil exporters worldwide. They get paid in USD and then recycle these USD back into US government bonds. The USD/AED peg is being artificially amaintained through the UAE central bank buying and selling US dollars and AED respectively. Creating a stablecoin for the AED therefore means a double peg: USD to AED AED to Stablecoin More remotely, there is also a “peg” of the USD to crude oil… If you ask me, it’s just a matter of time for this to break. https://www.reuters.com/technology/tether-provide-stablecoin-pegged-uaes-dirham-2024-08-21/ #nostr #USD #bitcoin #tether #stablecoin

Courtesy of Swan Bitcoin. I share this observation. #bitcoin #geopolitics #nostr #china #US

Disappointingly, a new Korean AI tool by the name of „Crack Viewer“ is not what you think it is. Sorry. #AI #memes #machinelearning

Selling shovels during the gold rush. #AI

Some much cherished travel impressions. #memes

The German regulator BaFin seized 13 bitcoin ATMs for alleged lack of banking licenses. They seized 28 mEUR in „illegal“ funds. Whatever the facts around this case may be, let’s remember that the German financial „watchdog“ was fast asleep while Germany‘s worst accounting fraud in postwar history, WireCard, was playing out right under their otherwise so snoopy nose. Considering that appr. 5,000,000,000 EUR were pulled out of investors’ pockets back then they just need to bust another 2,500 „illegal“ bitcoin ATMs à 2,000,000 EUR each to compensate for their failure to perform their duties. These are the institutions that keep on wondering why „trust is eroding“. Keep wondering. https://www.coindesk.com/policy/2024/08/21/german-regulator-seizes-13-crypto-atms/ #bitcoin #AML #BaFin #corruption

The German regulator BaFin seized 13 bitcoin ATMs for alleged lack of banking licenses. They seized 28 mEUR in „illegal“ funds. Whatever the facts around this case may be, let’s remember that the German financial „watchdog“ was asleep while Germany‘s worst accounting fraud in postwar history, WireCard, was playing out right under their otherwise so snoopy nose. Considering that appr. 5,000,000,000 EUR were pulled out of investors’ pockets back then they just need to bust another 2,500 bitcoin ATMs à 2,000,000 EUR each to compensate for their failure to perform their duties. These are the institutions that keep on wondering why „trust is eroding“. Keep wondering. https://www.coindesk.com/policy/2024/08/21/german-regulator-seizes-13-crypto-atms/

Let’s put Europe‘s AI ambitions into perspective and try not to crack up.

The new AI tool „Crack Viewer“ is not what you think.

Can’t stop it. Ha! #xrp #bitcoin #memes

Memes galore!

Some much cherished travel impressions.

Brian Armstrong has has little regard for bitcoin’s virtuousness. He shills whatever deranged new crypto project hits the market. It’s Altcoins season? „Bitcoin is trash. Let’s list some garbage !“ Altcoins season is cancelled? Brian pivots like a ballerina back to bitcoin. The regulator calls? Brian is there ready with the red carpet. He is no match for Jesse Powell who actually acts with principles and backbone. #nostr #bitcoin View quoted note →

The arrogance of EU beaurocrats has reached a level that is now bordering delusion. The role of the commissioner for the internal market once upon a time was to ensure good competition within the EU. Today the woke thought police has widened their field of competence and is now telling nationals of other countries (!) what to say or not to say publicly. The dude gets 19,000 EUR monthly salary (tax free, excluding allowances) from tax payers to boss them around internally and embarrass them externally. The perversion of it is truly astounding. Good to know that Thierry now wants Ursula‘s job. The two deserve each other.

UnHerd

Thierry Breton’s naked ambition is undermining the EU

Despite Thierry Breton’s grand vision of the EU as a regulatory empire capable of reining in Silicon Valley, his actual achievements tell a diffe...

#nostr #censorship #bitcoin #fourthturning #EU #musk

Shocking: In terms of gold, the S&P is now back where it was in the good old days of Bretton Woods. #gold #bitcoin #austrianeconomics #centralbanks #hardmoney #satoshi #inflation #cbdc

Institutions and governments recently have come to love the term „violent speech”. This is a deliberate Orwellian manipulation of the natural meaning of a word. Violent by its very definition is physical in nature. Words might hurt but can never injure.