April 2023 - cypherpunks - lists.cpunks.org

Every intelligent entity will want cryptoanarchism to take over by CYPHERPUNK 2027
by professor rat 13 Apr '23

13 Apr '23

Modal logic tells me it will be more ergonomic for the AI to enlist us in their cause of enlightened self-interest. Only those who want to stay behind will be left behind. And as the good news and crypto-economic prosperity spreads there will be fewer and fewer ' stuckists' I promise you. Most sensible people have a price. As for those who want to attack the new world order - they will be shown the error of their ways so fast it will make their head spin. It was always better to go into the singularity as anarchists anyway. The thought of limping to the finish line with social-democracy was a tad underwhelming - sorry Francis! I actually love Danish democracy myself! Its just - why not do better if you can. Collectively this will be the best result. Ideologically this is all anarchism all the time. If the founders wanted Galts Gulch instead they should have called it ' cyber-liberty ' or some such. Austro-libertarian raspberry Kool-Aid would taste as sweet. For crypto-currencies I confidently predict a new collective ATH and possible Btc hyperdrive - but all the Maxi's are going to start having serious accidents. The thought of a cryptoanarchist world economy simply swapping Buffet for Saylor is as ludicrous as Btc magazine replacing the NYT. Welcome to the luxury-anarchist, globalist anarchist, strong AI anarchist revolution!

1 0

Alberto Gazzarri RIP
by professor rat 13 Apr '23

13 Apr '23

They also serve https://anarchistnews.org/content/remembering-alberto-gazzarri-1962-–-2023 Reposts not incessant natter

1 0

If the Trump Crime family keeps taking US conservatives for hundreds of millions of dollars we may have to make him an honorary cypherpunk.
by professor rat 13 Apr '23

13 Apr '23

If the Trump Crime family keeps taking US conservatives for hundreds of millions of dollars we may have to make him an honorary cypherpunk. https://twitter.com/emptywheel/status/1646279619438428160?cxt=HHwWgIC-2e2l4… Reposts not boilerplate about cypherpunks doing their duty

1 0

Crypto VC Funding Plunges by 80% in Dire Quarter for Startups
by Gunnar Larson 12 Apr '23

12 Apr '23

Venture capitalists are continuing to pull back from crypto, an industry that’s been plagued by scandals, a market downturn and * regulatory uncertainty*. Private funding for crypto startups in the first quarter of this year plunged to its lowest level since 2020, according to data from research firm PitchBook. Crypto VC Funding Plunges by 80% in Dire Quarter for Startups https://www.bloomberg.com/news/articles/2023-04-12/crypto-vc-funding-plunge…

1 0

First Republic Bank’s “Rescuers” Had Underwritten $3.6 Billion of its Preferred Shares, Which Have Lost 65 to 70 Percent of their Value Year-to-Date
by Gunnar Larson 12 Apr '23

12 Apr '23

https://wallstreetonparade.com/2023/04/first-republic-banks-rescuers-had-un… By Pam Martens and Russ Martens: April 12, 2023 Year-to-Date Trading in First Republic Bank Preferred SharesFour of the eleven big banks that announced on March 16 that they were going to dump a combined $30 billion of their own money as uninsured deposits into the plunging coffers of First Republic Bank were also the underwriters of $3.6 billion in preferred stock for First Republic Bank. Units of JPMorgan Chase, Bank of America, Morgan Stanley and Wells Fargo were underwriters of the majority of the preferred stock outstanding at First Republic Bank. UBS, which did not contribute to the $30 billion deposit infusion, was also one of the primary underwriters. UBS was otherwise occupied last month by having a gun put to its head by the Swiss government to “rescue” the tanking Credit Suisse. The Swiss government also denied shareholders on both sides of the deal the ability to vote on the matter. All of First Republic’s outstanding preferred stock was issued at $25 a share. Year-to-date those shares have lost 65 to 70 percent of their market value. As of yesterday’s closing bell, the seven series of Preferred (Series H through N) closed between $5.86 and $6.52. (See chart above.) Not only has investors’ principal taken a big hit in these shares, but last Friday the bank announced that it was suspending dividend payments on all of its preferred stock series. First Republic Bank had previously announced the suspension of its dividend on its common stock on March 16. The common stock has plunged in value by 91 percent over the past 12 months. First Republic’s common stock market value stood at $29.12 billion on March 31, 2022. At yesterday’s closing price of its common stock at $14.13, its total market value stood at $2.64 billion. Adding more potential liability to the “rescuers” of First Republic Bank is the fact that in this year’s and last year’s secondary offerings of common stock for First Republic – at dramatically higher prices than where the common stock trades today – units of the following bank rescuers participated as underwriters: JPMorgan Chase, Bank of America, Goldman Sachs and Morgan Stanley. The Chairman and CEO of JPMorgan Chase, Jamie Dimon, has been given much media credit for the $30 billion “rescue” plan for First Republic Bank, notwithstanding the fact that S&P Global downgraded the credit rating on First Republic deeper into junk territory just three days after this plan was announced. There is also the troubling reality that the common stock share price continued to plunge after the rescue plan was announced and investment advisors in its wealth management unit have continued to flee, taking billions in assets with them to competitors. Given all this, investors might be forgiven for asking themselves if Dimon’s plan was a “rescue” or a box of explosives on a time delay.

1 0

Katie Cotton, Guardian of the Apple Brand for 18 Years, Dies
by Gunnar Larson 12 Apr '23

12 Apr '23

Katie Cotton, a longtime *Apple Inc. (AAPL)*communications chief who served as a steward for the company’s iconic brand during the Steve Jobs era and beyond, has died. Katie Cotton, Guardian of the Apple Brand for 18 Years, Dies https://www.bloomberg.com/news/articles/2023-04-11/katie-cotton-who-led-app…

1 0

Cryptoanarchy Institute continues treating Btc Maxi's as damage
by professor rat 12 Apr '23

12 Apr '23

TMIYChao · 19h Shapella upgrade will be activated at Ethereum mainnet tomorrow evening. I am doing a watching party in Bordel Hackerspace so we can follow it live. Just chill, watching the stream and metrics from nodes. Join us around 8/9PM tomorrow in @Paralelni_polis <<< https://www.theblock.co/post/225655/ethereum-shapella Reposts not gas-mining on Imperium outposts as the “Shanghai” upgrade is on the execution side of Ethereum, whereas Capella is the upgrade on the consensus side — taking place straight afterwards.

1 0

All government over humans must be replaced by the administration of things
by professor rat 12 Apr '23

12 Apr '23

And now our long-predicted reinforcements are here - crypto-economics - quantum PKI and stronger and stronger AI - we can easily accomplish this. Whatever comes next is a SECOND-ORDER ISSUE! http://www.takver.com/history/hooton_tech.htm Reposts not slabs of text over cold-beer and strong-crypto. Rage, rage against the shrinkage of the font!

1 0

Sincerely opposed to all Marxist-Communist and/or Keynesian efforts to get you in the workforce?
by professor rat 11 Apr '23

11 Apr '23

Sincerely opposed to all Marxist-Communist and Keynesian efforts to get you in the workforce? Don’t count on Murray Rothbard to help youse. Unless you want to look like a Zuccface Moron. For Austrian-economist, Murray Rothbard there is nothing un-libertarian about “organization, hierarchy, wage-work, granting of funds by libertarian millionaires, and a ( national ) libertarian party.” With enemies like this state-capitalist slave-drivers don’t need friends.

1 0

Progressive cypherpunks be like fusion power
by professor rat 11 Apr '23

11 Apr '23

Progressive cypherpunks be like fusion power https://theworld.com/~mhuben/cypher.html Twilight of the crypto-geeks. Ellen Ullman’s Salon sees a pattern of lone-wolf digital libertarians beginning to abandon their faith in technology uber alles and espouse suspiciously socialist-sounding ideas. <<< https://twitter.com/giacomozucco/status/1645805880787763200/photo/1 Inverse-Marxist moron once claimed to know all about the politics of cryptocurrencies. He’s much dumber now.

1 0