Bitcoin and the Power Grid

BPowerGrid “Bitcoin is evil” articles exist in profusion, and these days I pretty much ignore them. But one of the recent types – raising awareness of Bitcoin’s environmental unsustainability – has engaged me. As it turns out, I have an unusual background to bring to this topic, and I think I should contribute. So, here we go: Another Apocalypse? Let’s be honest and admit that most of the “environmental movement” sells …

So, You Wanna Get Involved with Crypto… Here’s What You Need to Know

InvolvedCrypto After several quiet months, I’m hearing of more and more people who want to get involved with cryptocurrencies, and not just buying and selling. I’m hearing about people who want to start crypto-related businesses, even things like crypto-themed bars. These people need some orientation and most long-time crypto advocates are simply too overwhelmed to help much. So, if you’re thinking of getting involved with cryptocurrencies, I’d like to give you …

Seeking Refuge

Refuge A good deal of my life has been spent in a half-conscious search for places where a healthy person could function as a healthy person: places where health was accepted rather than resented, where it didn’t have to be hidden. Such places have proven to be scarce. The healthy man or woman is all too often taken as a threat, rather than a friend to perhaps learn from. This stems …

ROSC 17: The Rise of the Elderly

rosc17 Under the mindset of the factory era, old people were expected to move quietly to the side after they stopped working. From there they were to quietly dote on grandchildren, then get sick and die. That, however, has changed. For one thing, people are living longer and retaining their health into advanced ages. Also, old people never really were fit to be pushed off the stage. Certainly old people tend …

The Essential Goodness of the Crypto Community

CryptoCommunity Quite a few people have been complaining about the cryptocurrency community lately. And to be fair, they have legitimate reasons: Many get-rich-quickers, corporate sellouts, and outright scammers have shown up recently. But it’s far too easy for us to focus on the malicious and the misguided. The bulk of the crypto community are decent people, even if they’re unsure of the best paths forward. (No surprise in that, with perfect …

Is Bitcoin “Bigger than General Electric”?

GeneralElectric I’ve seen a lot of headlines like these lately, and so I’ll take a moment to point out how wrong-minded they are. To compare Bitcoin (or any cryptocurrency) to a company is just wrong. As I keep saying, Bitcoin is not an investment. That is, It’s not a share of ownership in a corporation, like a stock. It’s not a promise of debt repayment, like a bond. Bitcoin is a …

ROSC 15: Building Ourselves a City

ROSC15 Theorizing is one thing; doing is quite another. No matter how good you think your theories are, applying them to the real world is always a revelation. More than that, actually doing is far more fun that theorizing. And right now hundreds of thousands of young people (and a lot of older ones too) are building the economy of the future. It’s a magnificent thing to be part of. The …

Advice To Bitcoiners Who Are Finding Themselves Rich

Bitcoiners A lot of Bitcoiners are waking up to find themselves rich these days, and I suspect that most of them have little experience handling significant amounts of money. And so, having been around the block a few times, I think I should pass along some lessons. Shut your mouth. Seriously. Tell your spouse, of course, and if there’s someone else you trust deeply, but after that shut up. If asked …

ROSC 14: The Bitcoin House

BitcoinHouse It’s been a strange but recurring theme in my life that when a cluster of bad things hit, something good follows close behind. Often, I learn later that the good thing was initiating just as the bad things struck. But whatever that is and however it works, it happened to me again. There is currently so much going on that I barely know where to begin.

The Day Bitcoin Was Hacked

BitcoinHacked In the ninth year of Satoshi, at 9:30am UTC on a cold February morning, Bitcoin was hacked. The hacker (or hackers) found a way to take advantage of a command in Satoshi’s original code. Then, using some very impressive number-crunching power, they played man-in-the-middle and intercepted transactions as they approached the big Bitcoin miners.

If You Love Bitcoin, Promote Good Altcoins

Altcoins Bitcoin spawns strong emotions in people, once they wrap their minds around it. And for good reason, of course: Bitcoin is the future, being born in our midst. One of the ways this goes off the rails, however, is when people think about Bitcoin in the old way. In particular, they think of the crypto-economy as if it were a zero-sum game. They fear the altcoins (Litecoin, Ethereum and the …

ROSC 4: The Sanitarium

TheSanitarium When I walked into our latest TCM lunch, I saw a few new members, two of whom were young women. That made me feel good, because there had been a flaw in most 20th century liberty movements, in that they never drew many women. Liberation movements of the past featured lots of women, many of whom showed more courage than the men. So, I took it as a healthy sign …

Financial Repression Is Here, and Bitcoin Is the Only Escape

financialrepression When I warned about bankers planning “financial repression” back in 2014, I wasn’t sure how long it would be before it arrived, or where. And when I wrote about the banning of cash last February, I was worried that the money monopolists were accelerating toward open repression. Unfortunately, it turns out that they were in a hurry and have now withdrawn all currency worth more than a few dollars (US$1.50) …

What’s New at the Bitcoin Colony

As I’ve mentioned in the past, Bitcoin is an invasion into the status quo. It is not a modification of the dominant financial system or even an extension of it… it’s a Klingon colony that dropped to Earth in 2009. As I’ve also mentioned in the past, what matters about Bitcoin is not the technology itself (which is fascinating but not perfect), and it’s certainly not the dollar exchange rate. …

Whether You Love It or Hate It, You’re Missing What Really Matters About Bitcoin

MattersAboutBitcoin Bitcoin made big news over the past year or so, when the price spiked and made some people rich. The possibility of fast money always generates a lot of commotion, and it certainly did this time. Personally, I didn’t want the price of Bitcoin to spike; it grabbed people’s attention for all the wrong reasons. Cryptocurrencies—of which Bitcoin is the first, the best known, and currently the most important—are a …

Coming for Your Accounts: Solutions

planB After running last week’s article (They’re Coming for Your Accounts), we received a number of questions about how to actually protect oneself. So, this week I’d like to address that subject. First Words I need to make an important point before I proceed, however: I am not involved in the financial industry, and I do not know the many rules that apply to IRAs, 401(k)s, and so on. So, please …

Bitcoin Is a Revolution, Not an Investment

bitcoin revolution It has been interesting to see large numbers of people pay attention to Bitcoin in the past year or so. The reason for that attention was the exchange price of Bitcoin, which made a lot of early adopters wealthy. (One of the few times when the right guys got rich.) The idea of getting rich quick always sells, and it did this time too. Along with it came a lot …

Two Ways the Bitcoin “Crackdown” Could End

crypto currencies bitcoin I read a story recently about a group of dandies who want to “help regulate Bitcoin, for its own good.” The thing about these guys is that they don’t really care about Bitcoin as a beautiful, disruptive technology or even for the great benefit it brings to mankind. Instead, they see Bitcoin as their ticket into the halls of the elite. These people are not the agents of a new …

A Report from Middle America

middle america I was recently involved in a day of meetings with small business owners in the American Midwest. It was both encouraging and sad at the same time. What I Found First Overall, I found a large room full of productive human beings. It was uplifting. Most of these people were between thirty and seventy years old, more men than women, and they were all productive people, the kind who get …

They’re Not Gods – They’re Not Even that Smart

powersthatbe I hear people making all sorts of predictions of what the powers that be (TPTB) will allow or not allow. Honestly, they treat this group as though they are omnipotent. Just to be clear, the term, “powers that be” generally refers to the partnership between central banking cartels, mega-corps, and governments (including military, spy agencies, and secret police). I will use it in that way also. And while these groups …