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Go check out the article first and then the podcast I mention.
I go over the Zerohedge summary with quotes of the Fidelity article making the rounds.
I will read the entire thing, but I'm not looking forward to it.
Is bitcoin a commodity?
What is a commodity?
Is energy a commodity?
Why so many regulatory bodies interested in bitcoin?
What is legal tender?
It is a back door way to make bitcoin money-- force acceptance for public or public debts (loans).
A back door way to get the government to buy their bitcoin... paying taxes in bitcoin means the gov 'buys' their bitcoin from them
Crichton's novel could be real today about topics even beyond the subject of this book.
The mixing of science, policy, and media in directing attention for political power, policy and money.
The topic usually isn't one that can actually be proven wrong scientifically, it is a faith based topic.
Go watch Michael Crichton speeches.
Comparing the two religions and their faith leaders / followers interactions
Watch Apollo Robbins
https://www.newyorker.com/magazine/2013/01/07/a-pickpockets-tale
"His talent, however, has started gaining notice further afield. Recently, psychiatrists, neuroscientists, and the military have studied his methods for what they reveal about the nature of human attention."
"Teller, a good friend of Robbins’s, believes that widespread recognition is only a matter of time. “The popularity of crime as a sort of romantic thing in America is profoundly significant, and Apollo is tapping into that,” he told me. “If you think about it, magic itself has many of the hallmarks of criminal activity: You lie, you cheat, you try not to get caught—but it’s on a stage, it has a proscenium around it. When Apollo walks onstage, there’s a sense that he might have one foot outside the proscenium. He takes a low crime and turns it into an art form.”
https://www.youtube.com/watch?v=GZGY0wPAnus&ab_channel=TED
https://www.youtube.com/watch?v=efUeYz-bRhw&ab_channel=IntangiblesPodcast
https://www.youtube.com/watch?v=0Xmz4FDd7Rw
https://aksjefokus.no/wp-content/uploads/2020/08/MGT-848-01-Financial-Fraud-A-Forensic-Approach-Spring-2-2015-1.pdf
https://www.youtube.com/watch?v=cPTOvOKmW-s&ab_channel=TheKnowledgeProject
Follow up- I can't help compare America's fascination with crime- with financial fraud with known ponzis and the fact that it doesn't deter many people, in fact it is an attraction. Even if you know it's a scam, people will join in (pump and dumps) because they think they won't be the patsy and will actually benefit.
Beyond financial deception, there are other kinds of deception- like climate catastrophism, the threat of white supremacy and that America is structurally racist towards non whites. I lump these thing in with deception and fraud. The threat of white supremacy is just like the threat of climate change catastrophism.
You know, just like a ponzi scheme is illegal by the way of the inducer into the scheme, an inducer into the climate catastrophe alarmism or the biggest threat is white supremacy is also fraudulent inducement if money is extracted to go into these industries.. with the exception that they are 'charities' and it isn't necessarily an 'investment.' Although often the money flows to lobbyists to effect or inact policy that helps that people that donated to the charities.-- so it is like an investment - just round about so it is obfuscated. Multiple things going on here, the people that get advantage from policies lobbied by environmental orgs and those that receive no benefit, but have been conned into believing in environmental catastrophism or the threat of white supremacy or that america is systemically racist. How do determine what is an opinion but just wrong, what is stated as fact, but is wrong, what is speculative, what is fraud, what is free speech?
Politicians weigh the pros and cons when it comes to bitcoin PR
Texas Gov Abbot has gone too far in his support of bitcoin miners in Texas -- with the whole bitcoin can stabalize the grid line
Mayors from NY and Miami carefully skirt the line between illegal fraud inducement to invest in bitcoin and just talking about how they are taking their first paycheck in bitcoin
Fidelity, who should know better, will be sued for calling bitcoin money and talking about investing in digital assets
Follow up question- why are bitcoiners into politics if there is nothing to be gained from lobbying or policy? They wouldn't be if they weren't getting political advantages. I get that in our fascist statist form of gov you have competing factions and interest groups fighting each other for gov power--- but the goal of bitcoin- the end the fed and anti gov people have thus been proven wrong. Bitcoin isn't anti gov or anti Fed. They want control over gov instead. How else do you explain a law making bitcoin legal tender in AZ pushed by a Senator? All I can say is .. Good Luck.
I think that you shouldn't marry bitcoin... it is a trade and right now there is optimism but that will eventually swing back... probably with all the intensity equal to its rise.
This wasn't a hack or theft. This was someone who filled an order to sell an NFT.
What can you learn from this... Opensea is a UX view, it isn't what is on the blockchain- it is only what they want you to see. Blockchain is slow and expensive- leading to natural ways to cheat it... this allows for vulnerabilities.
From the publisher's feed