I Served in Congress During Trump's First Term--I Know Exactly Why the GOP Majority Is Falling Apart (David Trott/The Daily Beast)
https://www.thedailybeast.com/i-served-in-congress-during-trumps-first-termi-know-exactly-why-the-gop-majority-is-falling-apart/
http://www.memeorandum.com/251125/p60#a251125p60
My contribution to #footpathFriday , just fresh from the press ;-)
I went to the local hill / mountain today to escape the fog / clouds. Well and also to see whether the fog would create some nice mood to capture along the way that I'm walking rather often.
And indeed it was a very pleasant experience to walk into the fog and breaking through it to see some blue sky.
Despite much opinion to the contrary, the government money we use is crappy.
I'm at bitfest in Manchester to find out if Bitcoin could be a better money.
It could hardly be worse.
The mood is still good, people are joking about recent devaluation rather than crying. Those who aren't all in are trying to buy more at the discount.
After an introduction by Mad Bitcoins, Joe Bryan explains the problem with government money.
He imagines an island on which two types of money are tried, with a dividing wall between them.
When economic problems hit, government can just print more money on the fiat side. Everyone now using money which is worth less. Distorting prices, inflating asset prices, making the rich (who hold assets) richer and the poor (who have to pay inflated prices) poorer. Driving wealth inequality.
On the hard money side, government must tax properly. Take in more from the rich rather than inflating to take it from the poor. Reducing wealth inequality.
On the government money side, the wealthy monitize houses, stocks, resources. Saving in money is impossible, its inflated away. So they save in assets and hording resources. Capital is misallocated. The youth can't afford houses. Poverty traps are caused. The only way out is printing more for benefits. Making it all worse. More economic crises, more printing. More government debt.
Eventually, the wall is broken. Government money people can save in the hard money instead. It reduces the value of government money further. More printing. More inflation.
Eventually, war. Funded by printed money.
The dollar is the best of a bad bunch all other government money is falling in value even faster.
I wonder, is bitcoin really this better money though? It's limited, hard, and can't be printed without energy investment.
I'm still unsure that fixing money fixes the world.
--
Note: "crypto" is mostly more like government money than bitcoin. It can be printed indefinitely by it's makers, does not cost it's makers to print. Crypto is usually just a scam people to get more bitcoin. Bitcoin is not crypto.
#bitfest #bitcoin
Photojournalist Dave Decker was arrested in November while documenting a protest in Miami, Florida.
A coalition of 23 press organizations spoke out against the charges
— and this week the prosecutor agreed❗️
The following statement can be attributed to Adam Rose, deputy director of advocacy for Freedom of the Press Foundation (FPF):
“I hope law enforcement officers take this to heart: Swearing an oath to protect the community means protecting everyone — including pre…
As SBOMs slowly progress at the federal level and in enterprises, the rise of AI coding assistants is fueling optimistic—and, some experts argue, “kind of insane”—claims about a future with vulnerability-free software.
Check out my latest CyberScoop piece.
Many thanks to @…, @…
City Spot ⭕️
城市点阵 ⭕️
📷 Zeiss Ikon Super Ikonta 533/16
🎞️ Lucky SHD 400
#filmphotography #Photography #blackandwhite
Hi! I'm Koffietje! (Not very original, might change that later.)
Obviously, I'm a big fan of coffee! Generally black, over-steeped in a French press. But lately I've been messing around with the Moka pot.
I'm also big on Linux. My daily driver is Fedora, which seems to work incredibly well on my computers. I'm also curious about ARM & RISC-V, and have dipped my toes into BSD. Always trying to learn more, and currently I'm working on my Bash skills, tryi…
Moody Urbanity - Past 📴
情绪化城市 - 过去 📴
📷 Zeiss Ikon Super Ikonta 533/16
🎞️ Ilford HP5, expired 1993
#filmphotography #Photography #blackandwhite
HarperCollins UK drops children's author and comedian David Walliams following allegations of inappropriate behavior toward young women (Paul Glynn/BBC)
https://www.bbc.com/news/articles/cev8p7d0gmgo