Ar Vicco

@ZeitgeistExplo1 Funny how YOUR AI just throws an Italan sentence into this generated slop, and no one seems to care because THEIR AI understands it perfectly well. ;)

🇪🇺🇦🇺 The EU–Australia trade deal is done. Let’s give it a due-diligence look and a few thoughts: First of all, bilateral tariffs, previously in the 5%–14% range, now fall to 0% on 99% of products. This corresponds to savings of more than €1 billion for firms involved in bilateral import-export flows, whose growth will therefore be stimulated in the years ahead. This must be the tenth post on historic EU FTAs or similar frameworks that I’ve written in a year: bilateral EU tariffs ex-China are falling to the lowest historical level. A recurring element of FTAs, which we also find in the Australian one, is the EU work on Rules of Origin (I talked extensively about this here: x.com/ZeitgeistExplo…). The EU is flooding the world with Rules of Origin designed to prevent transshipment (especially Chinese) through countries facing lower tariffs, so as not to make trade barriers ineffective and to ensure that trade between the two parties is genuinely convenient (without turning them into hubs for re-exporting goods produced elsewhere). But these rules are also the basis for common industrial standards, supply-chain integration, and security rules in strategic sectors. At the moment, nearly 3.5 billion people in the world must comply with European Rules of Origin if a good passes even temporarily through the EU. Trade deal after trade deal, the EU seems to be setting a standard built around two fundamental elements: A) Goods must be wholly obtained (entirely produced in the EU or Australia) or significantly transformed within the territory of one of the parties (with a 10% de minimis share allowed from third countries). B) Bilateral cumulation applies: materials originating in Australia count as originating in the EU (and vice versa). In other words, if a product is partly produced in Australia, transformed in the EU and re-exported to Australia, that share is treated under trade conditions as if it were EU-origin. The latter may sound like a technicality, and in fact it is a marginal feature of each individual bilateral FTA the EU is signing, since the goods that attraversano più volte la frontiera fra i due paesi sono limitati. But if you have bilateral cumulation with many countries, and each of those countries has bilateral cumulation with others, what emerges is a free-trade area with harmonized production and rules, capable of maintaining zero tariffs without being infiltrated by external transshipment: it's seamless and frictionless multilateral trade, but also the base for an embargo or different security measures against those outside the joint supply chain. The EU and its partners, in essence, are not interested only in increasing trade per se, but in building a distributed supply chain among trusted parties in order to reduce geopolitical risks, facilitate friendshoring and capital allocation, especially in sectors with greater exposure to China, such as critical raw materials on one side, or automotive and large-scale manufacturing on the other. This was also part of the discussion at the recent meeting of CPTPP, where possible EU accession and common rules on origin have been discussed. This way, if Volkswagen wants to buy steel from India that must be processed in Mexico and use batteries produced in Japan with Australian critical raw materials and energy, all production inputs can enter North Sea or Mediterranean Sea ports or any other friendly port with zero tariffs across the entire chain, together with the guarantees that most production took place in reliable and controlled countries. This obviously makes investments safer, also for SMEs, favors long-term planning and resilience to external supply shocks, and forms the basis for more advanced strategic trade partnerships (for example broader defense-industry cooperation). All this is much bigger than the 5% reciprocal tariff reduction we are getting in most trade deals, because it is the foundation of the future global trade and potentially security architecture. The Australia–European Union Security and Defence Partnership (SDP) has been announced contextually with the FTA. Many thought we were observing the end of globalization after Donald Trump’s mandate began; indeed, we got globalization 2.0. This resonates with the US 2017 National Security Strategy, which is a good abstract of our decade: "The US helped expand the liberal economic trading system to countries that did not share our values, in the hopes that these states would liberalize their economic and political practices and provide commensurate benefits to the United States. Experience shows that these countries distorted and undermined key economic institutions without undertaking significant reform of their economies or politics […] China and Russia challenge American power, influence, and interests. At the same time, the dictatorships of the Democratic People’s Republic of Korea and the Islamic Republic of Iran are determined to destabilize regions, threaten Americans and our allies […] These competitions require to rethink the policies of the past two decades—policies based on the assumption that engagement with rivals and their inclusion in international institutions and global commerce would turn them into benign actors and trustworthy partners. For the most part, this premise turned out to be false. […] We are now in the early years of a decisive decade for America and the world […] We can do none of this alone and we do not have to. We will build the strongest and broadest possible coalition of nations that seek to cooperate with each other." As I wrote in April last year, the predictable reaction of third countries to the US–China trade war and to the pressure created by differentiated tariffs under the Trump admin is to increase trade among themselves and reduce dependence on China, which is what we are seeing almost everywhere. And this is quite explicitly what the US wanted. If the EU is implementing its reaction strategy extremely well, it remains nonetheless a textbook follower strategy. This is inevitable as lack of internal coordination persists. Within the EU we observe high-level and forward looking strategic planning essentially only in sectors where the EU is already very integrated, as it is in international trade rules. And perhaps the most striking (or grotesque) aspect of the whole story is that while VdL travels around the world signing epochal FTAs every two months on behalf of 27 countries, trade barriers still persist among those same countries at tariff-equivalent levels higher than those they have with the US, and several other countries as well. How is it possible that 27 countries can collectively and quickly agree on concluding a large number of sophisticated FTAs with third countries, yet cannot agree among themselves on reducing internal trade barriers?

I wonder how intellectuals are going to adapt to the world where "I'm being paid to know things" is no longer a viable career choice. I expect a lot of screaming and hand-wringing.

@Mandrik @carlabitcoin Andreas is shitcoin apologist that lead astray many from hard Bitcoin reality into Ethereum fantasy land. He is ultimately responsible for huge human and financial capital misallocation into blatant shitcoin scams.

@carlabitcoin Andreas is one of the biggest net positives to Bitcoin, and it's not even close.

you do you but I’m not gonna shade Andreas

@RudyHavenstein HavenFunSteinPoor, Rudy?

“If Larry Fink and the boys decide it’s game over for Bitcoin - if they make that call - you’re done. I’m positive. And what you’re counting on is that those guys decide not to destroy it. And this is the same community that were sort of hyper-libertarian, saying, you know, those guys can’t touch us. Now they’re saying those guys won’t touch us. That’s a different story.” Dave Collum Note: Please send all hateful replies to @DavidBCollum instead of me. Thank you for your attention to this matter.

@brian_armstrong If it doesn't end with "T", it's just a cheap imitation of a real stablecoin.

Coinbase is listing two new local stablecoins: 🇦🇺 AUDD 🇸🇬 XSGD Local stablecoins will drive local crypto business growth and help to onboard many more new people to crypto.

@izakaminska Old woman ECB can yell at stablecoins all she wants, this will only accelerate EU financial system fading further into irrelevance.

Lagarde wants the stablecoin loophole to be shut: “In the event of a run, investors would naturally prefer to redeem in the jurisdiction with the strongest safeguards, which is likely to be the EU,” Lagarde said. ecb.europa.eu/press/key/date…

@JoeyPoey889595 @LukeDashjr Of course you do. Censorship always starts with the best of intentions to "protect the kiddies" and off it goes.

@LukeDashjr Im saying I want that.

Spam apologists trying to reintroduce the Bitcoin censorship FUD painted with jargon to confuse people. Sigh Spam filters cannot be abused for censorship. It only takes 1 block to bypass attempts to censor. But it takes 1 block to make spam filters effective. Opposites.

@LukeDashjr @Billyndroid @adam3us @venorusprime @Excellion @danoprey Nope, I'm fine with Bitcoin remaining uncensorable as it is. You are welcome to exercise your censorship talents elsewhere.

@arvicco @Billyndroid @adam3us @venorusprime @Excellion @danoprey You're the one who wants to change Bitcoin

It's as if a car maker removed user settings for electronic stability system, users got annoyed over loss of autonomy. Then someone makes mods with the sensor wiring cut. engineers get annoyed. Product says that increases risk for both modded and stock: just put the settings back

@Billyndroid @LukeDashjr @adam3us @venorusprime @Excellion @danoprey There is nothing reasonable it either Luke or his bunch of jihad fans. But you morons would pretend otherwise, sure. Just launch your Knotscoin and fuck of already, Bcash style. We'll see where the economic majority really is this time.

@arvicco @LukeDashjr @adam3us @venorusprime @Excellion @danoprey So it's every reasonable Bitcoiner in the world guilty of treason and maliciously conspiring against infallible Core and their noble crusade mob bashing down the walls of our Constantinople. How cute.

@LukeDashjr @adam3us @venorusprime @Excellion @danoprey So it's every reasonable Bitcoiner in the world guilty of treason and maliciously conspiring against infallible Luke and his noble crusade mob bashing down the walls of our Constantinople. How cute.

@adam3us @venorusprime @Excellion @danoprey Liar

@paoloardoino Should be toximaxi green, duh...

@PlanBpassport Paying 5M for the privilege of being forever trapped in IRS/FATCA net, locked into US onshore and rejected from every financial institution globally? No, thanks!

The Trump Card is happening! The US has officially entered a citizenship by investment era. Pay to play citizenship is spreading, the game theory is at play. Argentina is next.

@MandelDuck @moneyball @AngryBit

Does anybody know if this puppet has a name? or is it just called bitcoin? @moneyball

@Cointelegraph You shitcoiners DESERVE what's coming your way...

If you can HODL only one altcoin for the next 10 years, which would it be? 🔥 $ETH or $SOL?

@elonmusk IF it works and doesn't fail with random error, LOL. Which it does every fucking time.

Cool

@nic_carter It's hard to deny Bitcoin journey has a spiritual dimension for many.

There’s a whole genre of guy out there which is the Bitcoin Mystic. Coiners love em. Plan B, some power law dude, and there’s a lot of drama now around some New Guy. Lot of demand for the mystics.

I wonder how Vitalik gonna spin pushing for TheDAO bailout fork benefitting him and his EF buddies personally, but not doing the same for ByeBit when the situation is very similar but the stolen amount is 10x bigger.

@EricTrump ... to add ETH to a growing pile of other useless shitcoins? Can't agree more!

In my opinion, it’s a great time to add $ETH.

Anyone babbling about "Decentralised Ethereum" is idiot to the Nth degree. It never was and never will be.

@CFidget70375 @Giovann35084111 @GaryCardone Isaac Newton

@Giovann35084111 @GaryCardone Never bet against a phycicist.

@GaryCardone I was right damn it.