$500B Pension Fund Will Loose Money Without Bitcoin.

Simply Everything Bitcoin / Nov 17th 2021
► California's Largest pension fund that has $500B dollars is getting into a riskier assets to seek a larger return. However their 6.2% return is the same as the recently announced biased 6.2% inflation, meaning their actual rate of return is zero if you believe government numbers however like we've stated many times on the show if you include food and energy costs the actual rate of inflation is around 15-20%. So the California pension fund will actually be loosing money but there is a solution and that solution is Bitcoin

► Gary Leland creator of the Bit Block Boom conference one of the most Bitcoin Maximalist conferences tells us that a certain US Senator is going to be making an appearance at the conference

► VeChain Announces Proof-of-Authority concept for their altcoin, it's even more ridiculous than you think.

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✔ Daily Fail Sources:
https://twitter.com/thestalwart/status/1460636183860588547?s=21
https://twitter.com/cynthiamlummis/status/1460987063608741894?s=21
https://cointelegraph.com/news/vechain-upgrades-to-proof-of-authority-2-0-consensus-mechanism

✔ Epic Memes:
https://twitter.com/gregzaj1/status/1460439318418399234?t=Y__tqbIqCEBDu7GodgXqSA&s=09
https://twitter.com/BTCsessions/status/1461052868148940802?s=20
https://twitter.com/publordhodl/status/1460936094166433802

✔ BTC News:
https://www.bloomberg.com/news/articles/2021-11-15/senators-seek-crypto-reporting-fix-as-biden-signs-infrastructure
https://www.cruz.senate.gov/newsroom/press-releases/sen-cruz-introduces-legislation-to-repeal-infrastructure-bills-devastating-attack-on-emerging-cryptocurrency-industry
https://twitter.com/bitblockboom/status/1457738349750505475?s=28
https://bitblockboom.com/
https://www.cbsnews.com/news/inflation-october-gas-prices-food/
https://www.wsj.com/articles/retirement-fund-giant-calpers-votes-to-use-leverage-more-alternative-assets-11637032461

► Fully Noded v0.2.30 Released:
✔ https://twitter.com/fullynoded/status/1461000837287665667?s=21

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Timecodes:
0:00 - Intro
0:21 - BTC Stats
3:03 - Daily Fail
20:43 - Meme Review
24:24 - BTC News
42:00 - Software Release

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