Comments by "k98killer" (@k98killer) on "Peter McCormack" channel.

  1. "Nobody is talking about invading Moscow" -- Matthew Mezinkskis "For God's sake, [Putin] cannot remain in power" -- President Biden
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  2. He has a lot of things very wrong, especially his misunderstanding of how QE functions.
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  3. Bitcoin over the Lightning Network is the high velocity money that you're talking about. It is already technically capable of competing with Visa in terms of scale and cost, and its growth will only increase that capability. Lightning Network solves the scalability issue for high velocity transactional money.
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  4.  @doge8500  he said it was "money printing" that would lead to hyperinflation. In actual fact, due to a mixture of nonfungibility of bank reserves and Cantillon effects, the only things that inflated were assets. QE is a deflationary drag on the real economy, siphoning off economic energy into financial bubbles.
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  5. The thing Pete pondered about economic equality/inequality in a Bitcoin world is addressed in The Bitcoin Standard: whoever switches to the harder currency first wins in the end at the expense of whoever switches last. The most recent historical example is China and India remaining on the silver standard when the rest of the world had moved to the gold standard; gold is an inherently better money than silver, so China and India lost about a quarter of their monetary wealth as they held onto silver. This is why Saif calls silver "the original shitcoin".
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  6. His point about people chipping in for security is borne out by the experience in Argentina: their currency collapsed, so their government shrank back into the capitol; suburb neighborhoods hired their own security guards. It worked for them, so it can work for us.
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  7. He's not just a statist, he's an imperialist.
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  8. What Junseth misses about the Blackrock argument is that Blackrock fund managers vote on behalf of fund share holders in the shareholder meetings of the underlying companies. I.e., Blackrock controls all voting power from shares held in their ETFs and mutual funds. That is a substantial portion of the shares they custody.
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  9. "No man is an island" does not logically lead to "tax me harder, daddy". People are better at allocating capital to create social good than government bureaucrats who have no skin in the game and no possibility of consequences from failure.
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  10. Pretty hilarious opening
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  11. Steve Hanky-panky lol
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  12. Don't call them "bit zees"; call them "bitz".
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  13. Interestingly, Bitcoin could theoretically benefit the current Cantillionaire class if they have the sense to use their freshly printed money to buy bitcoin or Bitcoin mining equipment. It would still substantially benefit those who did so before the Cantillionaires got involved.
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  14. I think that Matthew is trying to argue morality and emotions under the guise of logic.
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  15. FDR's policies made the Great Depression worse. The food scarcity of the time was due to widespread crop failures, not the fact that gold existed as the monetary base.
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  16. Can't wait for the first clone army to arise out of a seastead nation.
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  17. Schiff is so absurdly wrong about the nature of money.
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  18. Mark has been getting steadily better with his communication skills. It has been satisfying to see over the last few years.
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  19. Which Pete?
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  20. He described base money as applies solely to the Federal Reserve System jurisdiction. In the eurodollar system, T-bills form most od the monetary base.
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  21. The original mandate of the Fed was actually to "supply an elastic currency"; the price stability mandate came later during a monetary act (I forget the date).
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  22. ECDSA and Schnorr as introduced with the Taproot upgrade.
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  23. 0-conf LN channel openings are elasticity and UTXO rehypothecation. Probably don't actually want to do that.
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  24. Scam Bankster-Fraud tried running a John Law style fiat grift on an anti-fiat technology.
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  25. "Mark Moss" is an anagram for "Marksosm". The more you know 🌈🌠
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  26. I think that the term "nationalized adult reeducation campaign" doesn't mean what he thinks it means. It's either a malfunction in the language processing part of his brain or a surprisingly naive perspective.
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  27. The only system that works at scale is anarchy, where "work" in this case means "fulfills its description without devolving into something worse."
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  28. Test to see if any comments will post or if YouTube is shadowbanning me for wrongthink.
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  29. Their == his?
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  30. That dude does not have any idea what actually caused the Great Depression. The Fed had another 40% elasticity in its mandate they it didn't use to reinflate the bubble that it had contributed to during the roaring 20s.
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  31. YouTube is apparently now censoring links to Federal Reserve data. This is ridiculous. I'm gonna keep trying until I get past this automatic bullshit. Below are the graph IDs for getting the graphs from the Federal Reserve Economic Data system from St. Louis Federal Reserve Bank. It is unreal how severe and nonsensical these censorious algorithms have become. The curves of Treasury bond proportions Avik Roy mentioned: graph/?g=HIGv The difference between them: graph/?g=HIJc
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  32. Ray Dalio is not particularly mainstream. His video about debt cycles will never be broadcast to the peons by the mainstream media masters because the information is too valuable.
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  33. There's a place for vaccines, but it is somewhat scandalous that the jab makers haven't updated their recipes for the modern strains and are instead lobbying for booster shots against a dead strain.
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  34. "I don't like that people excuse bad behavior, therefore identities don't exist." Wtf
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  35.  @scroogemcduck1462  I'm pretty sure the OP was writing satire. That being said, you might be a talented troll exhibiting a variant of Poe's Law, in which case you've done it well.
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  36. I don't really get why the US invading Canada is somehow more egregious than the US invading or supporting genocidal regimes in Iraq, Afghanistan, Libya, Guatemala, Nicaragua, etc.
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  37. Semantic arguments are as pointless and boring as they are frustrating
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  38. Plot twist: Lyn Alden is actually the first sufficiently advanced artificial general intelligence to create a persona that fools everyone into thinking she's actually a human financial analyst.
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  39. Trump didn't really do the lock down thing other than with restricting immigration and admittance of foreign visitors. The governors were the ones instituting lock downs -- the federal government does not have the authority to do so.
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  40. I'm working on a system that would fit the description. It is possible technologically, and I'm about 1/3 done with the technical specification and 3/4 done with proof-of-concept code.
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  41. I'm for Blue Coin. If you're for Red Coin, you're a terrible person.
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  42. Base level reality is a simulation because consciousness and matter are inextricably linked, like two sides of a coin: you can't have one without the other.
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  43. I have heard that officials from the Pentagon have been complaining for many years to the rest of the DC gang about the hollowing out of the American economy by the petrodollar standard.
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  44. Not exactly. It really just means "I prefer worker co-ops, but anything is ok with mutual consent".
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  45. Idk what else you call a political faction that conducts pogroms against ethnic minorities and espouses support for socialism, ultra nationalism, and ethnic supremacy. I believe a spade should be called a spade. It is fair to point out that it is an irate minority rather than representative of the broader public, but it is entirely disingenuous to completely ignore all concerns over what history has shown to be a very evil group that wields a disproportionate amount of power in the country.
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  46. M2 increased based upon the scramble for safe and liquid assets: the feds capitalized on the covid panic by issuing more debt to send stimmies to buy votes. So the dollars in M2 came from untracked categories.
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  47. If you take Bitcoin out of "What Bitcoin Did", you're literally left with "What Did". I wouldn't listen to such a poorly named podcast.
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  48. Cryptographic code is free speech. Bernstein v United States.
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  49. Lightning Network would take ~30 years to onboard everybody on Earth if we dedicated 100% of block space to channel opening transactions.
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  50. Ranked Choice Voting is now a real solution. It has failed everywhere it has been implemented. The actual solution is score voting or score runoff/STAR voting.
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  51. When a dollar is by definition worth less than a dollar, then what is a dollar worth?
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  52. 18:35 he says "early on" but it sounds like "or Leon".
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  53. When I saw the episode titles for Laura Loomer and the Financial Patriarchy, I thought "wtf" for both of them.
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  54. The arrests made as part of the Tornado Cash crackdown were not made in the US; in the US, code is protected speech. Elsewhere, freedom of speech is not as carefully guarded. The UK and Canad in particular just do not have freedom of speech at all.
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  55. Sea steading sounds like the Star Wars planet Camino, and those pods even have the aesthetic down.
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  56. "I don't like that people excuse bad behaviors, therefore I reject the notion of identities and descriptive words." Bruh
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  57. The Tornado Cash dev will get a huge settlement from a civil lawsuit when this all shakes out. Cryptographically advanced code was recognized as protected speech in Bernstein v United States.
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  58. Steps to create the ultimate scam: 1. White paper explaining how revolutionary it is. 2. ICO + liquidity providers. 3. Mint NFTs by burning tokens. 4. Stake NFTs as collateral for loans and/or to farm yield (supported by minting tokens). 5. Advertise metaverse integration. 6. Rug pull.
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  59. A kid in middle school made a working nuclear reactor in his garage from parts as a science fair project. The idea that government can somehow stop that is ludicrous. The only reason that people aren't making reactors is that they don't care enough to figure out the maths and engineering.
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