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Bitcoin: Freedom From Moral Hazard

March 16, 2022 Leave a comment

Before the Bitcoin Immaculate Conception was birthed into the world by Satoshi Nakamoto on Jan 3rd, 2009, we only had, and still do have, and still will have, a world filled with closed, monetary networks like this:

Because the only commodity on earth that no one can get enough of is “money“, and money is, um, really important for surviving and thriving, these old and “morally leaky” network quagmires are closely monitored and controlled via elite, privileged, and corruptible cabals. These cabals grant membership and usage capabilities to users who meet the requirements for membership (or those who covertly bribe their way in).

In addition to these cabal-controlled networks, the world now has the first open, permissionless, monetary network, which, of course, is the Bitcoin network.

That’s it, that’s the post. I’m cutting off early because the Emperor once again lit my feet on fire. I gotta go “toke” up and slather some Australian Dream cream on my toes to temporarily forget about my closely-coupled relationship with him once again.

Oh, and one last pic for you to ponder before I go. As increasingly more closed-network users discover the freedom from “moral hazard” that the Bitcoin network freely offers to every soul on the planet, the more they’ll want to plug into it and move some value into it as a welcome hedge against unscrupulous cabals.

Categories: bitcoin Tags:

Bitcoin Volatility? What Volatility?

Besides the same old, same old, “Bitcoin is boiling the oceans!” scare tactic, another common theme employed by anti-bitcoiners to scare people away from embracing Bitcoin as a Store of Value (SoV) is the old “unlike gold, it’s too volatile to be worthy as an SoV!“.

But wait, nothing is as it seems! Check out this graph of gold’s price volatility during the hyperinflation-ization of Weimar Germany before and after WWI.

Compare the period between 1914-1917, when there was essentially no volatility in the price of gold, to the war and post war years.

Overwhelmed by massive reparation payments imposed upon Germany by the avenging countries after the war ended, the purchasing power of German fiat went hyperbolically to zero as the country frantically tried to pay off its debt by printing fiat with reckless abandon. As expected by esteemed scholars like BD00, German hyperinflation then raged exponentially, destroyed the country, and catalyzed the subsequent rise of Hitler. Naturally, the price of gold took off as the German people rushed to exchange their increasingly useless paper for shiny rocks. But it surely wasn’t a smooth ride on the way up. It was a wild ass rollercoaster ride of massive volatility as the graph above shows.

So, if you believe this poorly researched BD00 post, Bitcoin’s current volatility does not disqualify it as an SoV. What makes Bitcoin the greatest SoV ever invented/discovered is the superiority of its monetary attributes as compared to gold and all other forms of so-called “hard” money.

Post post note : I finished this dumbass post just as an “edible” was starting to kick in. Since I can’t attribute the errors and mistakes herein to being psychotropically inebriated (aka “stoned”), I hereby attribute them to the chronically hemorrhaging lesions inside my brain.

Categories: bitcoin Tags: ,

Ukraine And Bitcoin

I just sent $100 in Bitcoin to Ukraine without having to get any “official approvals”, or having to pay any ridiculous fees to rent-seeking middlemen like Western Union, or having to wait for days/weeks for the international transaction to clear. This is a glimpse into the future, which, of course, is already here – it’s just not evenly distributed according to William Gibson. I don’t know how or exactly when humanity will arrive there, but I’m confident it will.

Oh, and before I go, here’s another, bigger, reason Bitcoin will be recognized as the best money ever invented.

Categories: bitcoin Tags:

Bend It Like Bitcoin

February 15, 2022 Leave a comment

Before reading further, don’t forget that BD00 makes schitt up when he’s too lazy to look up details on the topic he’s writing about.

Einstein Make Shit Up

With that out of the way, the graphic below shows what happens in all fiat-based, nation-states over time. Since politicians are too chicken to raise taxes for projects they believe will help the country prosper, they continuously borrow money with no intention of ever paying it back. Wouldn’t it be nice if citizens could borrow money without ever having to pay it back? The politicians borrow money from the public and, when the public doesn’t want to part with their fiat because of “trust” issues, the central bank waltzes in and prints money out of thin air to soak up the unwanted debt. Wouldn’t it be nice if citizens could print their own money out of thin air whenever they wanted instead of having to work their asses off for it?

As the money printers go “burrrrrrr” and the money supply gets exponentially inflated like that guy in the Monty Python movie, the purchasing power of each fiat unit decreases until the system implodes. I read, in one of the many fine Bitcoin books, that no known fiat-based systems have ever survived 100 years.

So, how does Bitcoin break the mold on the exponential fiat model of destruction? Bitcoin’s 21M hard limit may (and should) convince some fiat-based nation-states to assume fiscal responsibility and bend their curves to the right to avoid a massive loss via capital flight into Bitcoin and other stores of value.

For those nation-states that don’t assume fiscal responsibility and stop their reckless paper printing, Bitcoin will suck up all the purchasing power as the fiat holders jump ship into the safety of the Bitcoin network.

Categories: bitcoin

Bitcoin Vandal Out Of Control

February 8, 2022 Leave a comment

As you can see below, the Bitcoin Vandal, modeling one of the new soldier helmets in the forthcoming “Squid Game II” movie, has been quite active as of late. The desecration of private property at the behest of the Emperor Of All Maladies will continue unabated until… it doesn’t.

Categories: bitcoin

The Most Salable Good

February 4, 2022 Leave a comment

This was a draft, in progress, post that was published by mistake. However, the graphic is so rich with meaning that I’m leaving it up. It’s from Eric Yakes gem of a book, “The 7th Property“.

Categories: bitcoin Tags:

A Six Year Journey

February 1, 2022 2 comments

As my astonishingly stunning, six-year, cancer-versary approaches, I decided to whip up a simple timeline of what has happened over those joyously wonderful, but radically different, years.

To underemphasize the long gone past and emphasize recent events, there’s a huge, non-linear compression of time on the boring left side of the X-axis. The segment in the timeline after the “I’m Very Scared” admission to the “Now” declaration has taken place over the last 4 -6 weeks.

My previous post described in detail what made me start feeling very (feckin’) scared. It was the Emperor’s formidable power to insidiously inject ominous thoughts into my consciousness whenever he wants. I often fancied I was on final descent and destined for a world of pain in the near future. The steroids then kicked in and a quantum leap in my mental/physical health magically occurred. Hallelujer!

The cherry on top of my Lazarus-like experience was the MRI scan follow up with my neurosurgeon, which happened today. Good News: There are no new growths and no progression of existing tumors. Bad news: Those pesky, relentless, chronic, hemorrhaging, lesions are still working their asses off for the Emperor Of All Maladies.

Categories: Cancer

The Last Mile?

January 26, 2022 1 comment

Something doesn’t feel right. A familiar group of brain-tumor-sourced symptoms have joined hands, synchronized with one another, and ganged up on me yet again as expected when you have a terminal cancer diagnosis. My DHS (Daily Health Score) has been a big “goose egg” for 4 days in a row and I haven’t taken a shower in the last 3 of those low motion days. Whenever I get up and start walking, my entire right leg tightens, gets fatigued, crampy, numb, and vibrationally “hot”. In addition to the leg symptoms, my ears are “popping” often, I’m “woozy” all the time, and the ringing in my head has stepped up its volume. Yes, it feels like all those things are happening at the same time.

Because of the well-known cancer woes I just whined about above, I sent this S.O.S. message to my neurosurgeon’s office:

I will update this post when I hear back from the doctor’s office. In the meantime, I have my 46th Opdivo immunotherapy infusion today at 2. My goal for today is to take a shower today before going to the infusion. Quite a lofty goal, no?

UPDATE Jan 27, 2022: I started the steroid regimen and my MRI has been moved up a week. 👍

Categories: Cancer

The Dreaded SDFFR Acronym

January 11, 2022 1 comment

After being out of sorts for a bit, I’m back bloggin’ again cuz ya never know when the fit is gonna hit the shan. So, here’s a simple state machine model of BD00’s daily goal seeking behavior. The goal is to sequentially enter/exit each health-advancing state without experiencing an SDFFR event that triggers an early exit with a suboptimal daily physical health score (less than 3).

Here’s a scary graph of my dhs over the last several days.

Coming off of 3 straight 0 dhs scores due to SDFFR events precipitated by the Emperor, I was feeling really stressed about logging yet another goose egg day. But, as you can tell from the trace below, I thwarted the Emperor’s latest plan with a perfect Korbut 3. Today was a good day, a really good day.

Before exiting, I want to share some more recent Bitcoin Vandal crime scenes with you. The Emperor hates the Bitcoin Vandal too. He’s deployed his Orcs out in the field to hunt down the scoundrel.

Categories: bitcoin, Cancer Tags:

My Cousin, Father, Two Cats, And Now, Morrie

December 22, 2021 8 comments

I was diagnosed with terminal stage 4 cancer in 2016. Since then, I’ve lost a cousin the same age as me, my father, two cats, and now, just this morning, our beloved son, Morrie. Morrie was diagnosed in February with tumors in his lungs and prostate put there by the fucking Emperor Of All Maladies. Until about a week ago, his health was gradually declining. The Emperor then abruptly decided to speed up the process and take him away from us. That FUCKING FUCKER!

Here is the last picture I took of our sweet, sweet, labradoodle, Morrie.

We were at the vet’s this morning waiting for the doctor to come in and start the gut-wrenching farewell process when our dear Morrie gently put his paw on Mary’s forearm. Upon seeing this, a deeply disturbing shiver ran up my spine and I popped up to take the last picture of the greatest joy in our lives. Then, I spontaneously lost it and started crying my eyes out at the impending reality of losing the loving companionship from such a beautiful creature.

I’m humbled and forever grateful to have been gifted our beautiful boy. RIP, dear, dear, dear, dear, Morrie.

Categories: Cancer
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