Tag: bitcoin songsheet

May 23 2022

Bitcoin Songsheet: How Education Became A Fountain Of Fiat Values

Modern educational institutions are mere shells of the learning centers they once were as a result of fiat incentives.This is an opinion editorial by Jimmy Song, a Bitcoin developer, educator and entrepreneur and programmer with over 20 years of experience.College is a scam.Colleges don't sell education, but an upper class lifestyle for four years. Like most things in the fiat...

May 16 2022

Bitcoin Songsheet: Wind And Solar Are The Altcoins Of Energy

A misdirection of resources and an obstruction of progress, wind and solar energy reflect the same distracting qualities of altcoins.Wind and solar are altcoins.They are unreliable, costly and make as much sense as LUNA. "Green" energy takes up too much real estate for the energy they provide but they grow through propaganda and subsidization like preferred pronouns on Facebook. Despite claims...

May 09 2022

Bitcoin Songsheet: A Nation Of Rent Seekers

The fiat monetary system ultimately disincentivizes productivity and the creation of real value and instead attributes wealth to rent-seekers.Rent seeking is the real virus.The virus spreads from person-to-person through the central bank-backed fiat monetary system and grows like a cancer through regulation. Rent seekers think they are providing some value somewhere, but can’t identify how, because they...

May 02 2022

Bitcoin Songsheet: Private Property And Covenants

Bitcoin stands out because it is a digital bearer asset that gives full private property rights to its users, and development must carefully protect this aspect.Good fences make good neighbors.Clear boundaries separate responsibility and make clear who is due what. With good boundaries, we can act more decisively because we know what we own. Without it, nobody feels responsible so it...

Apr 25 2022

Bitcoin Songsheet: The State’s Abuse Of Business Is Inherited By Consumers

The hostage holding that regulatory bodies impose upon businesses punishes consumers in various ways.Big business is an extension of the state.Governments control businesses and their customers, and their weapon of choice is legislation. The resulting regulations are so broad and arbitrary that the government can harass businesses until they comply like a mafia protection racket. And given the abundant...

Apr 18 2022

Bitcoin Songsheet: How Fiat Debased Art

Many modern art pieces are visual examples of the misaligned values and marred perspectives of a fiat based society.I hate Pablo Picasso’s art.The art is grotesque, ugly and reminds me of a ransom letter. I hate it because it’s confusing, purposefully opaque and it feels like the artist is pimp slapping me across the face. But most of all, the art...

Apr 11 2022

Bitcoin Songsheet: Airline Miles Are The Original Altcoins

Airline miles are the original altcoin, allowing zombie companies to issue value for nothing while encouraging people to be “Miles Chasers.”In 1999, a civil engineer by the name of David Phillips managed to earn 1.2 million miles by taking advantage of a promotion by Healthy Choice. He did this by mailing in UPC labels from their pudding cups and henceforth became known...

Apr 04 2022

Bitcoin Songsheet: Altcoin Delusions And Naivete

“This one is different,” — the mantra of altcoin peddlers with delusions of grandeur.“Can you review our white paper?”I was at my first altcoin conference, in Los Angeles. It felt strangely appropriate because whitepapers in “crypto” are the equivalent of movie scripts in Hollywood. Everybody has a crappy one that they’re desperate to get people to read.“You do realize I...

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