The Plan mode in #GitHubCopilot CLI is pretty incredible.
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reddit.com/r/GithubCopilo…
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You asked. We delivered.
Today we’re proud to open-source BitSNARK v.0.1 – an early version of the technology that allowed us to verify the first zero-knowledge proof on Bitcoin.
Bitcoin has broken free of its technical shackles, allowing anyone to upgrade the network without forking its code. ⚡️🧵
Skatteetaten har vide fullmakter og henter inn mye data, men de bør ikke be om, eller få mer data enn stengt nødvendig 🧐. Veldig bra at @barebitcoin har sendt formell klage for å få ned omfanget 👏👏
barebitcoin.no/blogg/skatteet…
Saken er en superklassisk sentralbankmisforståelse: "bitcoin utfordrer løsningene våre fordi blokkjede er en teknisk innovasjon". Dette er 100% misforstått. Den viktige grunnen til at bitcoin utfordrer NB koker ned til én ting: harde penger som ikke kan manipuleres.
Norway Minister of Energy Terje Aasland just told the world he
❌doesn't understand energy,
❌doesn't understand Bitcoin, and
❌doesn't understand emissions
in one breath, that takes Norway on a journey backwards.
“[Crypto mining] is linked with large greenhouse gas emissions, and is an example of a type of business we do not want in Norway.”
Aasland doesn't have a problem with people using power for watching porn (a much higher energy user), but he has a problem with people using energy for Bitcoin mining.
The ability for the State to decide who has a right to use energy and who does not is by definition discriminatory. If we could universally trust politicians to make good decisions based on the good of the people, then this might not be an issue. But few would be niave enough to bestow such trust on politicians.
Let's pull apart the factual errors in Aasland's statement:
1. It's Bitcoin mining, not crypto mining that's happening in Norway
2. Bitcoin mining like eVs is a zero-emission fully electrified industry. Like eVs it has secondary emissions from the underlying power source. In Norway, that is almost 100% renewable energy. So how can Bitcoin mining in Norway be linked to high emissions? Such a statement shows he doesn't understand, or chooses to mislead people about emissions.
Further, Bitcoin mining has an ultra-high 55% sustainable energy usage, higher than any other global industry or major industrialized nation. That's the industry you're attacking?
3. "We" don't want Bitcoin mining? Did you conduct a survey to establish this? Or are you assuming that your will = the will of the people?
4. Are you aware that Bitcoin mining has had 6 peer reviewed publications emphasising the inaccuracy of prior literature on environmental impact, and endorsing Bitcoin mining's positive environmental externalities. You have just attacked that user of power.
You have just attacked probably the only user of power your country has that has the ability to stabilize grids and normalize energy prices. Clearly there are significant gaps in your understanding of energy, specifically how grid supply and demand works with flexible load consumers like Bitcoin datacenters.
Amazing.
All I can say is good luck Norway.
cointelegraph.com/news/norway-da…
Is this progress, or is it just another step on the ladder from clown world down to clown hell?
The reason why I ask this question is the following:
Norges Bank, our central bank has decided to use an illustration that depicts a magician's wand and hat when it explains how money is created (see screenshot).
norges-bank.no/kort-forklart/…
Now, if Ida Wolden Bache, governor of Norges Bank, also would be as honest as:
- her colleague, governor of the Reserve Bank of New Zealand, Adrian Orr, who recently admitted that
"it's a great business to be in, central banking, print money and people believe it"
x.com/i/status/17580…
and
- Mervyn King, former governor of Bank of England, who in October 2022 said that
"I think all central banks in the west interestingly made the same mistake, and during COVID, when the economy actually was contracting because of lockdown, central banks decided it was a good idea to print a lot of money. That was a mistake that led to inflation. We had too much money chasing too few goods, and the result was inflation. That was predictable, it was predicted, and it happened."
x.com/i/status/15853…
and, furthermore, if Wolden Bache in addition would show any honesty at all about how the central banks' and the banks' on purpose use money creation to cause an enormous redistribution of wealth from the working class and the middle class and to the super wealthy and the government, something which always was the purpose of setting up monopolies in money production, and which
- Richard Cantillion, who demonstrated this effect, already in 1775 described this cause and effect in his "Essay on Economic Theory," after having made a fortune in debt-financed betting against the Mississippi bubble scheme set up by John Law and the Duke of Orleans,
mises.org/library/essay-…
and which also
- John M. Keynes so eloquently described in 1919 his book "The Economic Consequence of the Peace" when he wrote that:
"By a continuing process of inflation, Governments can confiscate, secretly and unobserved, an important part of the wealth of their citizens.
By this method they not only confiscate, but they confiscate arbitrarily; and, while the process impoverishes many, it actually enriches some.
The sight of this arbitrary rearrangement of riches strikes not only at security, but at confidence in the equity of the existing distribution of wealth.
Those to whom the system brings windfalls, beyond their deserts and even beyond their expectations or desires, become "profiteers," who are the object of the hatred of the bourgeoisie, whom the inflationism has impoverished, not less than of the proletariat.
As the inflation proceeds and the real value of the currency fluctuates wildly from month to month, all permanent relations between debtors and creditors, which form the ultimate foundation of capitalism, become so utterly disordered as to be almost meaningless; and the process of wealth-getting degenerates into a gamble and a lottery."
economicsnetwork.ac.uk/archive/keynes…
and, furthermore, if our central bank governor also could be open and honest about how the business of monopolies in money production since the policy started in Greek City State of Athens when they waged war against the Spartans in the 5th Century BC always has has been intrinsically related to wars, revolutions and other armed conflicts, because it makes government able to coerce and defraud the people to finance the bloodshed with inflation instead of taxing or conscripting them, by for instance referring to the tragical death of some 4000-6000 Norwegian soldiers in the Battle of Stamfor Bridge in 1066 as I have shown in my book "Fraudcoin - 1000 Years of Inflation as a Policy," or by demonstrating that this is exactly how the western governments have financed much of their proxy war in Ukraine, which they are clearly losing, and which she blames for the price inflation problems that we have in Norway,
all of which Wolden Bache so far prefers NOT to disclose to the Norwegian people,
then I would say that we are "nearly there" when it comes to transparency about the effects of this terrible and fundamenthally unethical political tool that plagues a whole world today.
Let me conclude with the following message:
Dear fraudsters in our government, the central bank and the banks,
While Norges Bank's sudden "transparency" about your evil doings, is certainly interesting, I think it won't change anyones minds about your ill-intended scheming against us, the people of Norway, as more and more of us think that you have no other option than immediately pull back your greedy claws from us and quietly GFY.
(H/t William Magnor for notifying me about the magic wand illustration.)