@swartable NO!!!!! I do not. Not my question at all. What I ask is what it means that bitcoin founder drew on gov technology. As far as I can see everyone agrees that backdoor is not the issue.
@M_Rutter Ok … so in the world of monetary theory – I started from bitcoin – this is more of a "credit theory" of crypto than a chartal theory of crypto. State ratifies a huge realm of expert networks. But it isn’t coincidental that it is the state that does that.
@Winter_arrived @henriktveter @MESandbu @KAKAkverulant @makroblogger @Mohnitor Ok … sounds interesting.
RT @anders_abel: @adam_tooze Please note that the SHA-2 family (SHA-256, SHA-384, SHA-512) is a fundamental building block for modern compu…
RT @alexbhturnbull: @adam_tooze @felixsalmon @dakami Where exactly did you go to get a job in number theory or cryptography if not the NSA…
RT @drguidoknapp: 1943: Der Rektor der Uni München und SS-Oberführer, Walther Wüst – von den Studenten auch "Rassen-Wüst" genannt – verhört…
@felixsalmon @dakami But, is it coincidental that the firepower to develop something so rock solid was in the hands of the NSA? Or is the US government simply coordinating and licensing a collective global effort. 1. = Chartal theory or 2. = Credit money theory. phenomenalworld.org/analysis/money…
@ralph_squillace @OnesandToozePod @elonmusk So the state serves the function of coordinating the activity of a huge community of mathematicians around a convenient tried and tested set of practices … sounds kinda familiar, non?
@ralph_squillace @OnesandToozePod @elonmusk Ok. But the funny thing is that that is exactly how credit money theorists would respond to naive critics of fiat money. phenomenalworld.org/analysis/money…
@wokeberia @OnesandToozePod @elonmusk You think we shouldn’t be talking about SHA-256. Can I ask why not? Is use of this function merely a matter of convenience?
RT @JoMicheII: @adam_tooze The overlap between the open source community and anarco-capitalists is an interesting tension. I’m not sure any…
@dipasqualew @OnesandToozePod @elonmusk Ownership perhaps. But certainly not denunciation on basis of authorship. Tbh what I thought I was doing was making an observation that was about political economy.
@henriktveter @MESandbu @KAKAkverulant @makroblogger @Mohnitor When? Where?
At core of bitcoin is something called hash function SH-256. It is essential to entire “mining” logic. And where did SH-256 come from? It was developed by the NSA (sic), authorized by NIST, patented and then … licensed for free. WTF? Yup! Chartbook #83 adamtooze.substack.com/p/chartbook-ne… https://t.co/WwtcFhJKUd
@MESandbu @henriktveter @KAKAkverulant @makroblogger Wheres the translate function when you need it.
Crypto and the state. Shouldn't we be talking about SHA-256? Chartbook Newsletter #83 just dropped. For @OnesandToozePod I dug a bit deeper into the bitcoin story and found something really puzzling. Check it out and put me right. One for @elonmusk adamtooze.substack.com/p/chartbook-ne… https://t.co/G0OcYmt8ER
RT @NationalGridESO: Yesterday #wind generated 47.6% of British electricity followed by gas 15.5%, nuclear 14.0%, imports 12.3%, biomass 5.…
RT @baunov: THREAD 1/10 During the frantic diplomatic contacts of the recent days, Putin has given the appearance of someone who would be s…
RT @70sBachchan: 17/"The best way for the Biden admin to ameliorate the suffering of the Afghan people is to ease sanctions, work with intl…
RT @CameronAbadi: @adam_tooze's done the homework on the Canadian government's capacity to physically move trucks and the actual value of O…
RT @jasonfurman: Germany's 10-year interest rate was 7.9% when Maastricht was signed and is 0.2% today. It can't be the case that the 60%…
It has been a lot easier for Biden to deliver on his security promises than his domestic agenda. US seems credible right now, if at all, only as a nat sec actor. H/t @stephensemler substack. stephensemler.substack.com/p/biden-over-d… https://t.co/oXkvZxGgRR
As everyone in Indo-Pacific will tell US, if they want to compete in region they need a. an economic/trade offer & b. It needs to be non-exclusive of China. China has already overtaken US as key trade partner. Can US respond? Unlikely! H/t @bobdavis187 asiasociety.org/asia-pacific-r… https://t.co/cE0KKH7umq
It would seem like a good idea to remove tariffs on US imports from China as an anti-inflation measure. But how much difference would it make? Disappointingly little! Great work by @PIIE Kadee Russ piie.com/research/piie-… https://t.co/lDI9MmegAN
It would seem like a good idea to remove tariffs on US imports from China as an anti-inflation measure. But how much difference wold it make? Peanuts! Great work by @PIIE Kadee Russ piie.com/research/piie-… https://t.co/1AHFdxVx32
And so it begins. 3%/%60 is absurd as a reference point! twitter.com/heimbergecon/s…
Well thank you @elonmusk much appreciated! twitter.com/elonmusk/statu…
Declinism, Fellini, Icarus and Albert Speer …. Are there slides for that? A question from @policytensor that took me back to a bit of a “wild” night with NYMAS back in 2015. Check out Chartbook Audio for the end of your week. adamtooze.substack.com/p/chartbook-au… https://t.co/IdHjz4itC0
RT @DrSimEvans: Greenflation schmeenflation says @KingsmillBond "Renewables are a profoundly disinflationary force that will reduce energ…
@APHClarkson @russophiliac @ntrickett16 Agree. Don’t you think Ukraine is the nightmare of Russia’s elite. An eternal 1990s without the resurrection narrative.
Chartbook Audio on Fellini, Nazi economics and Wages of Destruction, NYMAS and a seance at the Soldiers', Sailors', Marines', Coast Guard & Airmen's Club adamtooze.substack.com/p/chartbook-au… https://t.co/wxB0Tl49tf
Chartbook Audio this morning @policytensor I found the material in the vault. adamtooze.substack.com/p/chartbook-au… twitter.com/policytensor/s…
@30RoE Watch out for @OnesandToozePod on Friday. We have an entire segment about it.
Kinda surprised that mad Congressional standoff over Biden’s Fed nominees is not getting more twitter comment. So jaundiced that nothing can any longer shock? We are waiting for a Senator to recover from a stroke & Joe M to have a chat with “Jerome" about his inflation worries. twitter.com/business/statu…
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