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Cake day: July 4th, 2023

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  • Hoback argues

    In any case, says Hoback, the identity of the real Satoshi is a matter of public interest. “This person is potentially on track to become the wealthiest on Earth,” says Hoback. “If countries are considering adopting this in their treasuries or making it legal tender, the idea that there’s potentially this anonymous figure out there who controls one-twentieth of the total supply of digital gold is pretty important.”

    Currently bitcoin or any block chain based currency is more of a grift than financial freedom. However countries like El Salvador have taken it up as official currency, so real lives can be affected by whoever holds that bitcoin stockpile.



  • This is a very insightful comment, thank you. I absolutely agree with most of your points. Though one minor disagreement I’d have: it wasn’t Trump who brought on the waning of US soft power, but US’s failure in Afghanistan/Iraq/Yemen during 2nd Obama term.

    Ultimately the expense in forging the US influence overseas during the Bush era came at the cost of ignoring those back home. Trump capitalized on all that resentment. In fact he still is riding on it. Coinicdentally Its a lesson Modi needs to learn from his recent election result at home too.