Proof-of-Babbage
8.1K posts

Proof-of-Babbage
@Joshmantis
Babbaging on about UX at someplace, somewhere. Bitcoin is your lifeboat. Get in.
Teegarden's Star b انضم Şubat 2009
988 يتبع411 المتابعون

@ryangerritsen I give it a week before one of the mental health workers has a mental health issue.
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I'm impressed they can speak such lies with a straight face
Wiretap Media@WiretapMediaCa
REPORT: Toronto has launched an expensive research initiative to investigate Canada's youth job crisis, and it has concluded that the issue is largely due to a lack of experience, rather than the influx of unvetted foreigners spilling into the country or mass immigration.
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@TaraBull808 Canada is already full.
Sorry, but go find another place to mooch off of.
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The Fed’s About to Do Something Big (Here’s Why It Matters)
Last Friday’s jobs report wasn’t just “bad.”
It was the kind of bad that forces the Federal Reserve to admit they’ve been wrong.
And now?
The odds are skyrocketing that they’ll cut 50 basis points at the September meeting, the same playbook they ran last year when labor data tanked.
Why should you care?
Because when the Fed starts cutting, they usually don’t stop. Think Pringles, once they pop, the rate cuts keep coming.
That means:
Cheaper borrowing costs (in theory)
Signals of deeper economic weakness (in reality)
Big moves in gold, bonds, and other safe-haven assets
Speaking of gold…
it’s been quietly holding near record highs for months. That’s not random, markets are betting on lower rates and a weaker economy.
But here’s the problem: gold is a great store of value, not a great medium of exchange.
You can’t swipe it at the grocery store… unless you use GlintPay.
With GlintPay, you can:
✅ Buy and hold allocated physical gold (stored in a Brinks vault)
✅ Spend it anywhere Mastercard is accepted, groceries, flights, dinners
✅ Keep ownership of your gold until the moment you use it
It’s gold as money, again.
Download GlintPay in your app store, use referral code SNIDER, and see how they’re rebuilding trust in money one gram at a time.
All the details and more about Glint are at partner.glintpay.com/eurodollar/. Don’t miss out!
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Proof-of-Babbage أُعيد تغريده

There you have it, from the mouth of the president of the European Central Bank
To reassure people about the digital euro, she cites China as a "success story" and says explicitly that EU is following China's lead on Centralized Digital Currency.
Here's why this matters that they are explicitly copying China's model:
China's Central Bank Digital Currency (CBDC), the e-CNY, gives the People's Bank of China for the first time the surveillance powers to track all citizens' financial transactions in real-time.
Because their CBDC records every transaction, this gives the government detailed visibility into every citizens' financial activities.
All larger transactions are traceable under laws like the Cybersecurity Law.
This capability gives Chinese authorities the power to
❌monitor and control behavior
❌track spending to identify dissenters
❌enforce social compliance via the social credit system
❌restrict funds for critics
The technology makes mass surveillance and (further) erosion of civil liberties technologically possible, while providing Chinese authorities a tool for the state to exert unprecedented control over its population.
ECB will say "Well, in theory that's true, but we will only use that ring of power to do good for the world"
If you are feeling uncomfortable with that level of power, you are right to trust your instinct.
Computer science says this is bad technology design because historically, potentials to abuse centralized power granted by technology have been used, and the only way to safeguard people against abuse is to have good technology design that makes this algorithmically impossible.
This is something that Bitcoin does, whereas CBDCs open up exponentially more potential for abuse of central power than currently exists.
So if you trust ECB to be an positive outlier, are comfortable disregarding good technology design principles designed to keep people safe, and trust your government and Central Bank to have all that power - but not to use it, then you have nothing to be concerned about.
NICO⚡️@BITVOLT
Bitcoin or slavery is not a hyperbolic statement.
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Kazakhstan Plans To Establish Bitcoin And Crypto Reserve zerohedge.com/crypto/kazakhs…
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@bitcoinnews It's capital gains taxes. No one wants the tax hit.
Fix that and transactions will fly
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Bitcoin’s mempool is almost idle:
~5 k txs today vs >200 k at last year’s peak. Fees now supply <0.5 % of miner revenue.
At record prices, on-chain traffic is near cycle lows. Has BTC shifted from “payments network” to a digital savings vault and what funds miners post-halving if activity stays this quiet? 🧐

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Welcome to dystopia. Women 'asked' to remove T-shirts with 'Free Palestine' printed on them.
Ewan@jelly_pack
Unbelievably grim
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