A Dinner Conversation

Dressed in red velvet, she trampled under her reckless feet the stray flowers fallen from other heads, and held out a salver to the two friends, with careless hands. The white arms stood out in bold relief against the velvet. Proud of her beauty; proud (who knows?) of her corruption, she stood like a queen of pleasure, like an incarnation of enjoyment; the enjoyment that comes of squandering the accumulations of three generations; that scoffs at its progenitors, and makes merry over a corpse; that will dissolve pearls and wreck thrones, turn old men into boys, and make young men prematurely old; enjoyment only possible to giants weary of their power, tormented by reflection, or for whom strife has become a plaything.
– Honore De Balzac, The Magic Skin
I don’t get out all that much these days, but last evening I had a really engaging and illuminating dinner conversation. In attendance was a 47-year old commercial real estate investor and fellow Boulder resident who I’ve become friends with, a 32-year old professional poker player looking to move here, and 28-year old tech startup founder. Although I hadn’t met the younger attendees before, it became immediately apparent that everyone in attendance was highly intelligent and very engaged with the world around them.
We discussed religion, philosophy, crypto assets, the importance of nature to humans, travel and more. That said, the reason I’m writing this post is due to some of the generational observations I came upon. It confirmed the overall thesis I discussed in detail within last month’s post, The Generational Wheels Are Turning.
Here are a couple of passages from that piece to refresh your memory:

This post was published at Liberty Blitzkrieg on Dec 21, 2017.

Oil Producers Turning To Crypto To Solve Sanctions Problems

Authored by Tom Luongo,
Last week, Venezuela announced it would develop a national cryptocurrency backed by its oil reserves, the Petro. Now there is a report that Russia is considering the same thing. Iran will likely follow suit.
As of right now this is just a rumor, but it makes some sense. So, let’s treat this rumor as fact for the sake of argument and see where it leads us.
The U. S. continues to sanction and threaten all of these countries for daring to challenge the global status quo. There is no denying this. And so much of what we see in the geopolitical headlines are knock-on effects of this challenge.
The Geopolitical ‘Why’
From the Middle East to North Korea, the Dutch changing their laws to block Nordstream 2 to the Saudis breaking off relations with Qatar, everything you read about in the news is a move on the geopolitical ‘Go’ board.

This post was published at Zero Hedge on Dec 12, 2017.

Expect Desperate and Insane Behavior From Government in 2018 – Part 2 (Bitcoin)

The smartest people on earth are dedicating their lives to Bitcoin and other crypto assets.
You want to bet against that?
— Michael Krieger (@LibertyBlitz) December 1, 2017

The financial crisis of 2008/09 was the most significant event to happen in my lifetime. That event, coupled with the deeply unethical and corrupt response to it, led to a direct delegitimization of governments and institutions worldwide. It’s precisely this self-inflicted destruction of credibility which opened up the window for the birthing of a new monetary and financial system in the wake of Bitcoin’s emergence in early 2009.
Bitcoin is a system designed to be everything the status quo isn’t. Decentralized, transparent, permissionless, with a well-defined and restricted monetary supply curve. Given the backdrop upon which it emerged, it’s unsurprising that as more time passes, the more popular it becomes.
Humanity is desperate for a major reboot and an entirely different way of doing things. Bitcoin and other crypto assets offer exactly that opportunity in the realm of finance and money, thus capturing the imagination of millions of the most brilliant and passionate people across the world. Since the status quo stubbornly refused to reform and change the system after the financial crisis, humanity had no choice but to take charge and do it independently at the grassroots level.
One thing that’s become increasingly clear to me as I’ve added years and experiences to my life, is that governments, generally speaking, hate freedom. It’s why something as beneficial and benign as cannabis remains illegal throughout the world, and why people like Jeff Sessions still want to criminalize it even in states where the actual people living there voted to make it legal (see Part 1 of this series). While the fairytale we’re conditioned to believe tells us government exists to protect us and create an environment in which humans can thrive, the reality is quite clearly the opposite. The crooked response to the financial crisis demonstrated this in spades to anyone paying even the slightest amount of attention.

This post was published at Liberty Blitzkrieg on Dec 4, 2017.

Finding Freedom and Happiness Inside The Matrix – Jeff Berwick on Crypto vs Metals

Atlanta, GA – According to the official historical record, in 1621, the Plymouth colonists and Wampanoag Indians shared an autumn harvest feast that is acknowledged today as one of the first Thanksgiving celebrations in the colonies. For over a century, families have gathered to proclaim what they are thankful for while others have taken to shelters and charities to help those who cannot help themselves. However, thanks to the state, helping others during this most giving time is now illegal – unless you pay the government for permission.
During this Thanksgiving week, Adele Maclean and Marlon Kautz took to the streets to begin handing out food to the homeless – like they do every week. However, this time, instead of receiving praise for their services, they were issued a notice of extortion by police in the form of a citation.
‘We’re looking at a citation,’ Maclean said.
As WSB-TV notes, Atlanta police have been handing out the flyers across the city telling people that a permit is needed to give food to the homeless.

This post was published at The Daily Sheeple on NOVEMBER 24, 2017.

Interview With Andy Hoffman – Bitcoin, Crypto Assets and Decentralization

As most of you surely know by now, I believe a positive future for humanity requires a total displacement of the current centralized, authoritarian, and hierarchal paradigm. I believe decentralized, peer-to-peer, trustless systems will play an instrumental role in bringing about a much more free, honest and transparent system that will lead to immense human progress.


This post was published at Liberty Blitzkrieg on Friday Nov 24, 2017.

The Boy Genius Tackling Energy’s Toughest Problem

In the past year or so an unorthodox think-tank called Helena has been quietly bringing together an eclectic cross-section of brilliant individuals (mostly bright-eyed millennials) with ambitious goals. They’re focusing on the world’s biggest and most insurmountable problems: climate change and global security issues such as artificial intelligence, cryptocurrencies, and nuclear proliferation.
***
The elite and edgy group includes Nobel laureates, Hollywood stars, technology entrepreneurs, human rights activists, Fortune-list executives, a North Korean refugee, and more, but one of Helena’s most unique members is undoubtedly the 23-year old nuclear physicist Taylor Wilson, once known as ‘the boy who played with fusion’.

This post was published at Zero Hedge on Nov 6, 2017.

Surprisingly, I’m Quite Optimistic About the Future

To summarize, in just the last few years the world has invented a way to create software services that have no central operator. These services are called decentralized applications and they are enabled with crypto assets that incentivize entities on the internet to contribute resources’ – ‘processing, storage, computing’ – ‘necessary for the service to function.
It’s worth pausing to acknowledge that this is kind of miraculous. With just the internet, an open protocol, and a new kind of asset, we can instantiate networks that dynamically assemble the resources necessary to provide many kinds of services.
– From Adam Ludwin’s: A Letter to Jamie Dimon
I’m actually pretty optimistic about the future. I know some of you might be surprised to hear that, but it’s true. This might not be the case if I had only five years left on the planet, but assuming I’m fortunate enough to stay healthy for another few decades, I think the world will be a much better place when I leave it than when I came in.
The simple fact of the matter is this. For things to get substantially better from any situation, it’s always easier to start from a pretty bad place. When I write articles describing the U. S. economy as a rent-seeking, oligarch controlled swindle, I don’t do this to fill you with a sense of insurmountable dread. Rather, the purpose of those posts is to shake as many people as possible out of their slumber. There’s simply no way we can come up with appropriate and conscious solutions to our problems unless we can identify the various scams that govern so much of life around us.

This post was published at Liberty Blitzkrieg on Michael Krieger /Oct 18, 2017.

Assange Thanks US Govt For His 50,000% Gain On Bitcoin As Russia Unveils ‘CryptoRuble’

My deepest thanks to the US government, Senator McCain and Senator Lieberman for pushing Visa, MasterCard, Payal, AmEx, Mooneybookers, et al, into erecting an illegal banking blockade against @WikiLeaks starting in 2010. It caused us to invest in Bitcoin — with > 50000% return. pic.twitter.com/9i8D69yxLC
— Julian Assange (@JulianAssange) October 14, 2017

Once again the unintended consequences of government intervention are exposed…
In 2010 – following the release of sensitive government documents related to wars in Afghanistan and Iraq – John McCain and Joe Lieberman led a bipartisan attempt to cut off WikiLeaks funding by forcing ‘traditional’ payment systems to block them.
7 years later and the price of Bitcoin has… risen…50,000%!
And Julian Assange chose yesterday to thank the US government and its corporatocracy for his forced investment…

This post was published at Zero Hedge on Oct 15, 2017.

Russia Unveils ‘CryptoRuble’ As Assange Thanks US Govt For His 50,000% Gain On Bitcoin

Once again the unintended consequences of government intervention are exposed…
In 2010 – following the release of sensitive government documents related to wars in Afghanistan and Iraq – John McCain and Joe Lieberman led a bipartisan attempt to cut off WikiLeaks funding by forcing ‘traditional’ payment systems to block them.
***
7 years later and the price of Bitcoin has… risen…50,000%!

This post was published at Zero Hedge on Oct 15, 2017.

US Lawmakers Draft Bill ‘Protecting’ Cryptocurrencies From Government Interference

Several members of the US Congress are drafting legislation that is intended to recognize certain digital currencies and ‘protect’ them against interference from the federal government. The question is – does the ‘protection’
CoinTelegraph reports that the bill, which will provide protection to cryptocurrencies that comply with certain minimum requirements to prevent them from being used by those engaged in illegal business practices like drug traffickers and terrorists, is expected to be filed in September 2017, according to DailyCaller.
Based on a reliable source, at least one Republican senator and two Republican congressmen are working on the draft legislation.
The legislators, however, have requested that should not be identified due to the sensitivity of the issue and the complexity of the proposed solution.

This post was published at Zero Hedge on Aug 20, 2017.

The Scaling Debate and Hard Fork Highlight Several Key Differences Between Bitcoin and Gold

You know stuff’s going down when I write two posts in a row about Bitcoin, something which almost never happens anymore. In Friday’s piece, Is the Bitcoin Civil War Over? Here’s How I’m Thinking About Bitcoin Cash, I discussed a potential strategy that ‘big blockers’ might attempt to execute should the 2x part of Segwit2x not happen later this year. Today, I want to discuss how the entire episode has actually served to highlight one of Bitcoin’s (and cryptos in general) huge competitive advantages in the realm of monetary-type assets, but also examine why gold is still important.
There’s been a lot of FUD written at length about the whole scaling debate, in addition to the fair observation that network splits cause confusion and can be bad for the Bitcoin ‘brand.’ As I mentioned in Friday’s piece, I don’t see this being the case with Bitcoin Cash (BCC), since I don’t think there will be any real debate about which one is Bitcoin and which is an alt-coin. Interestingly enough, although the nastiness of the scaling debate has left a bad taste in a lot of people’s mouths, it’s also highlighted one of Bitcoin’s greatest strengths.
Earlier today I came across a tweet from an account I had never seen before, but it was simply genius in its poignant simplicity.

This post was published at Liberty Blitzkrieg on Jul 31, 2017.

The Feds Are Terrified Of Cryptocurrencies… But They’re Powerless To Stop Them

The federal government is no match for innovation. This is something lawmakers have always known, and it is the reason state and federal regulations exist. But innovation, by its very nature, will always find a way around those regulations, resulting in the implementation of more regulations for creative minds to learn to evade – which they will. This results in the over-regulation we see in America today.
Nothing scares the government more than something it can’t control, and the Securities and Exchange Commission (SEC) revealed this week that it is terrified of cryptocurrencies – as well it should be. See, all those lawmakers and bureaucrats sitting around regulating everything depend on taxpayer money to pay their salaries so they can keep writing regulations. Since cryptocurrencies allow people to keep all of their money, this is a big problem for the lawmakers. Soon, people may even start to realize they can buy, sell, and trade freely without any government intervention. The horror.

This post was published at Zero Hedge on Jul 30, 2017.

Cash Is Falling Out of Fashion – Will It Disappear Forever?

Bhaskar Chakravorti, Tufts University
On June 27, the ATM turns 50. Former US Federal Reserve Chairman Paul Volcker once described it as the ‘only useful innovation in banking.’ But today, the cash that ATMs dispense may be on the endangered list.
Cash is being displaced in so many ways that it’s hard to keep track. There are credit cards and electronic payments; apps such as Venmo, PayPal and Square Cash; mobile payments services; cryptocurrencies that operate outside the purview of central banks; and localized offerings such as Kenya’s mPesa, India’s Paytm and Bangladesh’s bKash. These innovations are encouraging cashlessness across communities worldwide.
Listen to India and the Cashless Society
It’s reasonable to expect cash to follow the path of other goods that have been replaced by digital alternatives, such as photos, music, and movies. Will cash – and the ATMs that dispense it – experience a ‘Blockbuster’ moment and disappear from our neighborhoods?
Not so fast. Cash will likely become less popular, thanks to the high cost of using cash and the growing array of alternatives. But I expect it will remain with us forever. The future will be ‘less cash,’ rather than cashless.

This post was published at FinancialSense on 06/26/2017.