December 2022 - cypherpunks - lists.cpunks.org

Cryptocurrency: For When Interventionism Fails
by grarpamp 15 Dec '22

15 Dec '22

Latin America's Slow Descent Into Interventionism Authored by Daniel Lacalle, The latest estimates from consensus for the main Latin American economies show a continent facing a lost decade. The region GDP growth has been downgraded yet again to a modest 1.1% for 2023, with rising inflation and weakening gross fixed investment. Considering that the region was already recovering at a slower pace than other emerging markets, the outlook is exceedingly worrying. The poor growth and high inflation expectations are even worse when we consider that consensus estimates still consider a tailwind coming from rising commodity prices and more exports due to the China re-opening. How can a region with such high potential as Latin America be condemned to stagflation? The answer is simple. The rise of populist governments in Colombia, Chile and Brazil have increased the concerns about investor security, property rights and monetary discipline. Argentina is expected to post a modest 0.2% GDP growth in 2023 with 95% inflation and a debt to GDP of 72%. Years of monetary and fiscal excess have destroyed the purchasing power of the local currency and dilapidated the prospect of real growth. In Argentina, poverty has escalated to 36.5% of the population and the government policies double down on interventionism, price controls and higher taxes with the expected negative result. Despite the tailwind of high demand for soja and cereals globally, Argentina dives deeper into Venezuela territory, where consensus expects another year of weak 3% bounce after destroying 80% of the output in a decade, with enormous inflation, 132%. The problem? The new governments in Chile and Colombia are announcing policies that resemble those of the “Peronist left” in Argentina and the Fernandez government in Argentina is looking more like Maduro’s Venezuela each day. Chile is expected to post no growth in 2023 despite an estimated higher copper price, and 15% inflation. Colombia, which showed the strongest recovery from the covid-19 crisis until 2022, in which consensus expects a 7% growth, is feared to stop on its tracks and deliver a poor 1.6% GDP growth with elevated inflation, close to 7%. In Brazil, consensus expects a poor 0.9% growth with 5% inflation. It does not look as bad as Argentina, but the first major announcement of newly elected president Lula has already triggered all alarm bells. Lula stated that he wanted to change the constitution to lift the spending limit and increase government spending even more. The Brazil currency and 10-year bond reacted aggressively to this risk because everyone can remember that Lula’s “economic miracle” a decade ago came from massively high oil prices and, when the commodity bonanza ended, his successor Rousseff sent the country to a deep crisis where spending soared and growth stagnated. You may say that the rise of populism in Latin America is the consequence of the failed classic liberal policies implemented before, but that would be a grave mistake. Most of these countries have not seen open and liberal economies but crony states. Statism failed and more statism fails even faster. Global investors see the enormous potential of Latin America. However, when governments start to impose interventionist policies, put at risk property rights with expropriation threats and at the same time massively increase monetary imbalances printing currencies with no real global and diminishing local demand, the combination is destructive. Why do citizens vote for politicians that implement confiscatory and extractive policies? In many economic debates in Latin American media one can hear the word “redistribution” repeated incessantly. Many believe that wealth is like a pied that can be cut and distributed at will, but ignore that wealth is either created or destroyed, it does not stay flat. Interventionist policies destroy wealth in three ways: First, attacking independent institutions and introducing political random decisions in legal and investor security which erodes growth potential, investment, and employment. Second, by increasing taxes on the productive sector to pay for massive subsidies paid in a constantly depreciated currency, which creates a double negative of lower growth, weaker local businesses and a dependent subclass that rarely emerges. The productive sector ends forced to operate in the underground economy to avoid confiscatory taxes. Third, interventionism destroys the purchasing power of the local currency by breaking all the rules of prudent monetary policy and financing an ever-increasing government size printing a constantly devalued currency. The combination of these three factors means poverty and stagnation. Why do interventionist governments do this when they know -and they do- it does not work? Monetary destruction is the easiest and most effective way of nationalization of an economy. Printing currency is a form of expropriation of wealth, as money creation is never neutral, it benefits the government and hurts real wages and savers. Why would “populist” governments impose policies that perpetuate poverty and hurt the people? Interventionism does not aim to increase prosperity but take full control of a nation. The three mentioned policies are aimed at grasping full control of a country and make the population dependent, not deliver growth and improve social conditions. Extractive and confiscatory policies are not social measures, they are profoundly anti-social. The worst is that once implemented, it becomes difficult to unwind. We should learn the lesson everywhere because it is coming to your country soon.

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I saw great battles reported where there had been no fighting
by professor rat 15 Dec '22

15 Dec '22

. . . and complete silence where hundreds of men had been killed. I saw troops who had fought bravely denounced as cowards and traitors, and others who had never seen a shot fired hailed as the heroes of imaginary victories. https://www.orwellfoundation.com/the-orwell-foundation/orwell/essays-and-ot… Reposts not recycled rubbish from LaLa Land

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Cryptocurrency: Technical Solutions to Maxi's Pending Death of BTC
by professor rat 15 Dec '22

15 Dec '22

>> strong cryptographic equivalent levels of privacy Trade your AVAX for Monero. Frankly, the demand for privacy is even lower than the demand for anarchy. >> - reduce storage needs to per-account state instead of growing per-tx terabytes forever Create your own Avalanche subnet? >> - bump txrate to service a couple billion people a few times a month or so Lightning add-on claims this - but with AVAX its built in by design. >> - interoperate with expected DEX protocols AVAX interoperates already with FEX protocols ( Fully Encrypted Exchanges ) >> - quantum safe All crypto is quantum safe already since by the time old PKI using primes is cracked we will all be on a quantum PKI. So technically sound solutions exist to every real or imagined cryptoanarchist problem existent. Black swans excepted. Call us when you found one of them. I remain confident Big Dog has one more ATH. What happens then is a second-order issue.

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Cryptocurrency: Panicked Karen's Launch Bills To Kill Crypto, Fight Back !!!
by grarpamp 15 Dec '22

15 Dec '22

https://www.youtube.com/watch?v=xWAwK2fHArc Crypto - No Regulators Freedom Matters. For the first time in 110 years of Global BankPolGov tyranny and slavery... Monetary Sovereignty, Separation of Money From State, Freedom itself, is within your grasp. PolBankGov are panicking at their impending loss of power. Their arguments are losing. Finish them off. Fight Back ! https://archive.org/details/TheCreatureFromJekyllIslandByG.EdwardGriffin https://libertarianinstitute.org/dont-tread-on-anyone/the-most-dangerous-su… https://www.youtube.com/watch?v=Y460qLK0-ZA https://www.libertarianism.org/media/classics-liberty/lysander-spooner-no-t… https://mises.org/library/no-treason-no-1 https://fee.org/resources/economics-in-one-lesson/

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GRARPAMPS is retailing disinformation on this list as bad as Karl and Juan
by professor rat 15 Dec '22

15 Dec '22

While his garbage scow takes regular dumps here this is from one of his latest https://twitter.com/BernieSpofforth/status/1602042530845057027?ref_src=twsr… TL/DR a link to a story about Au was soon exposed as a fraud by people living in Au. FUCK OFF and DIE Gramps. You're as bad as Garofalo and Semich.

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Cryptocurrency: Bankster Warren Karen's Launch Bill To Kill Wallets Miners All, Fight Back!!!
by grarpamp 15 Dec '22

15 Dec '22

The ridiculous bullshit FUD Lies and "Law" they keep trotting out, absolutely anything to trick you into supporting their false Authority instead you becoming Free. The Internet is rising to fight them, join the fight, become Freedom. https://www.nobsbitcoin.com/the-digital-asset-anti-money-laundering-act-is-… https://decrypt.co/117221/senator-warren-crypto-bill-kyc-self-custody-walle… https://www.washingtonexaminer.com/policy/technology/elizabeth-warren-crypt… https://www.theguardian.com/us-news/2022/dec/14/elizabeth-warren-crypto-reg… https://cointelegraph.com/news/us-sen-elizabeth-warren-says-crypto-will-rui… https://www.cnet.com/google-amp/news/elizabeth-warren-targets-crypto-money-… https://www.realclearpolitics.com/2022/11/23/regulate_crypto_or_itll_take_d… https://www.theblock.co/post/194941/warren-marshall-introduce-bill-to-tight… https://www.warren.senate.gov/imo/media/doc/DAAML%20Act%20of%202022.pdf https://www.durbin.senate.gov/imo/media/doc/letter_to_fidelity_investments_… https://www.fatf-gafi.org/media/fatf/documents/recommendations/March%202021…

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please ban the fucking asshole gmkarl at gmail.com
by professor rat 15 Dec '22

15 Dec '22

If by ' ban ' you mean kill there is already a deadpool on him. Anyone not a Nocoiner nitwit here is free to contribute. Top up the one for Gramps while you're there. We have a right to destroy those who trespass against us, bear false witness against us and who would bury us. And in the case of Semich, Assmange and the Argentine Nazi we have a right to torture them extensively for a few weeks first. All work and no play makes anarchism a dull toy.

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Cryptocurrency: Politicians Forcing People To Adopt Privacy-Enabled P2P, WarOnCrypto
by grarpamp 15 Dec '22

15 Dec '22

Adopt P2P privacy-enabled crypto asap to escape and ruin PolGovBank's plans to enforce their nightmare 1984 over you. "I think the only thing being crippled is this crook and her banks wallets. -- Internet" https://i.redd.it/ls7s3k43tw5a1.png Totalitarian Mandates For You Sen. Warren (Democrat who is employed by Banks) just introduced an anti-crypto bill that seeks to force KYC on nodes, wallets and validators. This is insane. https://www.washingtonexaminer.com/policy/technology/elizabeth-warren-crypt… https://www.theguardian.com/us-news/2022/dec/14/elizabeth-warren-crypto-reg… https://cointelegraph.com/news/us-sen-elizabeth-warren-says-crypto-will-rui… https://www.cnet.com/google-amp/news/elizabeth-warren-targets-crypto-money-… https://www.durbin.senate.gov/imo/media/doc/letter_to_fidelity_investments_… https://www.coincenter.org/the-digital-asset-anti-money-laundering-act-is-a… https://edition.cnn.com/2022/12/14/business/elizabeth-warren-bipartisan-cry… https://www.warren.senate.gov/imo/media/doc/DAAML%20Act%20of%202022.pdf https://www.fatf-gafi.org/media/fatf/documents/recommendations/March%202021… Crypto NEEDS NO REGULATORS, and will ACCEPT NO REGULATORS, you dumb cunts. https://www.youtube.com/watch?v=xWAwK2fHArc Crypto - No Regulators Mass SpyVeillance, Beyond Stasi Recordkeeping https://dailyhodl.com/2022/12/14/coinbase-releases-new-transparency-report-… https://btc-pulse.com/australia-introduces-a-social-credit-system-cardano-f… https://www.crypto-news-flash.com/breaking-australian-citizens-can-only-acc… https://cryptotale.org/australia-to-regulate-crypto-custody-and-licensing-i… https://www.coindesk.com/policy/2022/12/14/australia-moves-to-tighten-safet… The Australian government has introduced a social credit system based on unique digital IDs before its citizens can access the web or perform any digital-related transactions. According to the new law, citizens must have 100 points of ID before using social media. The Authorities will have access to residents’ accounts, including their private messages.

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Cryptocurrency: Technical Solutions to Maxi's Pending Death of BTC
by grarpamp 15 Dec '22

15 Dec '22

https://www.youtube.com/watch?v=TIkqBZnrKJM Maxi Narrative While all the Maxi bleating is largely correct, it is also astoundingly and foolishly head in sand, and they all refuse to talk about it... The first coin that adds all and no more than the following to Bitcoin's existing solid monetary and operational fundamentals ... - strong cryptographic equivalent levels of privacy - reduce storage needs to per-account state instead of growing per-tx terabytes forever - bump txrate to service a couple billion people a few times a month or so - interoperate with expected DEX protocols - quantum safe ... will overtake over Bitcoin in short order. Bitcoin has been on notice regarding these flaws for many years now. If Bitcoin doesn't act to enable the above, some other coin will take the prize away from Bitcoin. Most of the theory and tools already exist, thus that moment is not far away, and is likely to happen in within fewer years than BTC has existed. Till then, BTFD.

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[ot][spam][crazy] middle smart adventure game
by Undescribed Horrific Abuse, One Victim & Survivor of Many 15 Dec '22

15 Dec '22

1. for some time people wanted to make text adventure games that were open-domain, where the player could do anything. some people actually did this, although i don't know where to find their work. such a game featured in the book "ender's game". 2. when transformer language models got big, AI dungeon happened. basically they just told a language model it was an adventure game, and gave the user its output, the same way chatgpt works. the adventures had absolutely no logical continuity, but the user could do anything they wanted to. aidungeon has since worked more on their product. a day or two ago, as part of a trick around my behavior, to try to be productive during a difficult time, i started work on a middle-of-the-road approach, that uses a small language model to generate content and interpret user actions, but can do it more intelligently. i'm aware that others have done this, although again I don't know where to find their work. it's very hard for me, and it was interesting to have a region of it become more easy. NOTE: people call these "text adventures" but nowadays building such a "text" adventure game is _very roughly_ equivalent to building a fully interactive virtual world, because of how AI is being developed. Personally, I'm still just interested in text!

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