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Critical Thinking Brain episodes
- Coinbase down again and what you could do about it
Crypto exchanges go down together when the markets are volatile time and time again?
Why does this keep happening?
Possible solution- DoNotPay robot lawyer announced it would allow users to sue crypto exchanges. At the end of July a bunch of VCs that invest in crypto companies invested in the company. I think that had an impact of either shutting down or greatly reducing the efforts to expand the service in the crypto space.
6 min - RTOs, the grid, blackouts, Enron, The Smartest Guys in the Room, Shorting the Grid
RTOs, the grid, blackouts, Enron, The Smartest Guys in the Room, Shorting the Grid
21 min - Ercot, bitcoin principles trashed - all evidence points to government control and lobbying, at the expense of those it hurts
Ercot grid forward market- anyone with deep prices can trade.
Ercot electricity generators producers are equivalent to large energy consumers like bitcoin miners
Bitcoin batteries? Is that false advertising and fraud?
Bitcoin miner is an energy producer? Sounds fishy.
Bitcoin renewable energy push is all about lining their own pockets.
9 min - Bitcoin Renewable Mining Cartel = extremely profitable business
Something no one is talking about... I'm just getting starting on my thoughts here.
16 min - 6 min
- Fax machines
Fax machines are very interesting.
Japan households and businesses still have them. Hanko, stamping. They also like paper and physical cash.
Closer to the protocol layer, kicking the app layer to the curb.
Are they more secure? What does that mean.
Wire tapping- everyone is guilty if you grew up with a land line.
Faxes are asynchronous messaging.
13 min - Am I too critical of crypto?
Yes I am when only singling out the crypto industry. Every industry has problems. I blame the structure of statism that we currently have- fascism- private ownership, gov control.
21 min - NFTs same faulty logic as stablecoins
How to short an NFT
NFT- easier to manipulate than other crypto- didn't talk about this here
Fungible vs not fungible
NFTs same faulty logic as stablecoins
NFTs stole some tricks from the fine art space-- didn't talk about this here
Michael Saylor has same logic as NFT people. Digital real estate is not the same as physical real estate. Also digital gold narrative same as NFTs in a way. Trying to attach some thing other than the crypto to the crypto itself. It could be a url that points to some digital art piece or it could be a narrative of being like gold.
CryptoPunks- greedy creators wanted to create many and just change the hair colors. 1 out of 100 type collections.
8 min - 16 min
- DoNotPay great concept
Crypto companies take ownership in DoNotPay shortly after CEO announces new services for automatic complaints about Crypto exchanges freezing funds.
3 min
About Critical Thinking Brain
From the publisher's feed
Critical thinking about various topics
Contact: [email protected]