Archive

Archive for the ‘bitcoin’ Category

Yellin’ At Yellen!!!

March 10, 2021 Leave a comment

In order to get his fine art creations onto the blockchain before the NFT crypto fad is over, mentally disturbed Jackson “BD00” Pollack is frantically throwing shite on a visio canvas again. lol

After yellin’ at Yellen, BDOO then tried to haplessly troll the Emperor.

Categories: bitcoin, Cancer Tags:

The Cryptosphere

There are thousands of shitcoins polluting the cryptosphere. I chose a few of the most well known stinkers along with the immortal king of crypto to produce the following work of art…

How the hell do I get an NFT (Non-Fungible Token) for this brilliant work of divine art and who the hell wants to bid on it? lol

How about this piece of work? lol

Categories: bitcoin

The Bitcoin Smiley Model

February 18, 2021 2 comments

Before writing about the intended content of this post, I felt compelled to whine and complain about my physical status in the moment. So, here goes.

My feet are vibrating and numb from the ankles down, my toes are involuntarily curled up, my ears are ringing, my right leg feels like it’s loosely coupled to my hip with badly frayed strings, my right leg muscles are fatigued and crampy from an unrelenting tightness, the arthritis in my right shoulder is inflamed to the point where it painfully limits my arm motion, my sense of balance is quite wobbly due to a low level of continuous dizziness, and my mind is in a Schoedinger’s cat superposition of both a dunkin’ “explorer batch” coffee high and a cannabis brownie high.

Since I think my Opdivo-juiced immune system T-cells are on another impromptu, instantaneous rampage searching for more poorly differentiated adenocarcinoma cancer cells to annihilate, I think the swarm is once again responsible for the above-mentioned collateral damage. The tradeoff is surely worth it, but the next time I see my oncologist after my upcoming CT scan I’m going to discuss the possibility of taking what we in the community call a “chemo holiday“.

Now that I got the poor-me cancer complaint off my chest, it’s time to talk about Bitcoin yet again. At some unknown point in time, the Bitcoin Smiley Model (BSM) crossed the chasm in my mind from formless energy to a formed thought. The BSM is a simplified abstraction of the following bitcoin price chart from Bitcoin advocate Dan “HODL” Held. And yes, his real last name is “Held”. Thus, he was destined to be a Bitcoiner at birth.

As I studied the chart of successive parabolas, it looked as though it was smiling at me. Hence, after an uncontrollable but innate urge to create consumed me and directed my attention away from my physical distress, I iteratively doodled in visio in a high speed mode where thoughts for improvements raced through my mind faster than I could capture and draw them. When I felt satisfied with the look and feel of the “done done” product, I stopped and reveled in the sacred moment of communication between the creator and the created. With that said, I share with you my masterpiece, the BSM…

The model suggests that the price of Bitcoin may bump up against a ceiling sometime in the future. The value of the ceiling is a newly discovered universal constant, kBDOO , named after its discoverer, me, BD00. Since our lord Satoshi, the god of money, is the only other person on earth to know what the value of kBDOO is, BD00 has made a pact with Satoshi to keep it secret for the good of all mankind. But once again, don’t forget…

But wait! I don’t make any of the cancer shit up. It’s the real deal. It’s the non-cancer stuff that I make up.

Categories: bitcoin, Cancer

Satoshi And Me

February 8, 2021 Leave a comment
Categories: bitcoin, Cancer

A Two Month Journey

February 3, 2021 2 comments

I started to worry that I might die at the hand of the emperor before I received it, but I didn’t. My precious has finally arrived from a distant land! The ring is a lovely piece of work. It looks and feels like it is an artifact from the classic “Game Of Thrones” HBO series.

Categories: bitcoin

Bitcoin Clarity

January 20, 2021 2 comments

I feel really bad for not posting what I’m about to write much earlier, but I’m grateful that I AM finally posting it. It’s about a heartwarming experience that I was gifted and I want to share it with you.

Kiara Bickers is a splendid young lady who works at one of the premier companies in cryptospace: Blockstream Inc. I used to hate the company when I first became enamored with Bitcoin because I thought they were on the wrong side of the vicious scaling war back when it started in 2015. I was a hard core Ver/Andresen/Garza/Hearn fan back then and I erroneously thought Blockstream management was trying to steer the Bitcoin core software development team in a direction that would unfairly give their evil, venture-capital-backed company an advantage over their ecosystem layer 2 competitors.

As my Bitcoin knowledge evolved and I watched the brutal scaling war unfold, I came to the realization that Blockstream (except for the (still) vile Samson Mow) was one of the good guys. The CEO, Adam Back, is the inventor of HashCash. Lord Satoshi rightfully mentions Mr. Back’s HashCash work in the references section of his world-changing white paper. Because of this fact, many latecomers to Bitcoin think Adam is Satoshi.

This image has an empty alt attribute; its file name is back.png

Ahh, but I digress from the main storyline yet again, as is common with schizophrenic writers like me whose thoughts frantically ricochet back and forth against the internal boundaries of my skull and are sullied by the three dormant tumors asleep in that dungeon.

So, back to the real subject of this post. About a year ago, Ms. Bickers contacted me on LinkedIn. When she was writing an intro book to Bitcoin titled “Bitcoin Clarity” Kiara said she stumbled upon my blasphemous blog while researching the topic of “systems thinking“.  

As you might guess, I was thrilled to hear from Kiara. She graciously offered up a hardcopy of her book for me to read and she pinned a really nice note on the inside cover.

Since its been a year since I read Bitcoin Clarity, I’m not going to try to do an in depth review of its content here. I do remember though when I started reading Kiara’s delightful book I quickly understood her affinity for systems thinking. She used her systems thinking skills to artfully sketch, structure, and weave the book’s content together into a uniquely crafted combo of art and science.

Please dwell for a moment on a sampling of Kiara’s sketching skills below. Note how she artfully leaves out the Bitcoin miners in between the peers so as not to unnecessarily complicate the picture for her targeted beginner audience. Please note that the nasty saying in red is not in the book. It’s BD00’s dastardly graffiti pointing out one of the main reasons Bitcoin exists.

Thank you dear Kiara for providing me with some sunshine from across the internet. I wish you lots of future success and I wish I had the opportunity to meet you in real life. Keep writing and keep Bitcoining your way to a life of fun, happiness, and most importantly, good health. Lots of kisses to you dear young lady!

In(finite) Transit

January 9, 2021 Leave a comment

Being an insane Bitcoin psycho, I’m constantly on the lookout for some new swag to show off my allegiance to the cult of Satoshi. I currently have Bitcoin socks, a jacket, several hats, a towel, a pillow, a bracelet, a hoodie, a ring, a sweater, several tee shirts, several masks, and several polo shirts.

Etsy is my favorite go-to store to check for new Bitcoin gear. I found this silver beauty and bought it from a vendor in Ukraine just after Thanksgiving…

My ring shipped on December 1, 2020. Here I am, it’s January 9, 2021 and I still haven’t gotten my precious yet.

See the source image

As you can see from the tracking record below, the USPS is playing hot potato with my swag. My precious seems to have entered an infinite, Escher-like, transit loop.

I hope I get my precious before the EOAM takes me out. I want to be cremated with it on my finger.

Categories: bitcoin

The Easiest And The Best

December 27, 2020 2 comments

The relentless Bitcoin honey badger has ramped up her increasingly effective, 11 year old, clandestine, catastrophic assault on the archaic, fractional banking industry.

Due to Bitcoin’s latest resurrection from the dead, people have been asking me once again what is the best way to jump onto the Bitcoin bandwagon. The best, but most technically challenging, way to participate in the emerging Bitcoin economy is to follow these 3 steps:

1) Open an account on a well known crypto exchange (coinbase.com, kraken.com, etc) and link it to your fiat checking account.

2) Buy some bitcoin (no shitcoins, please!) with some of your fiat. The exchange will charge a service fee for the conversion and your bitcoin will be deposited in a “custodial” onsite wallet that you can access anytime.

3) Send the bitcoin from your exchange’s “custodial” wallet to your very own personal software or hardware wallet(s). This is what bitcoiners call “taking personal responsibility“, or heeding this advice: “not your keys, not your bitcoin“. Keeping your bitcoin out of the easy reach of “authorities” who can disappear it from you faster than you can say “WTF!” gives you full control over the wealth you store in bitcoin, as it should be for hard working people in any country.

Executing step number 3 requires a modest amount of technical prowess that most people don’t have, or don’t want to have. That’s fine as long as they understand the risk of leaving their bitcoin keys in the hands of someone or thing you have no choice but to “trust“.

A less sexy but easier way of penetrating the Bitcoin universe is to buy shares in a company that either directly holds some bitcoin in its treasury or has integrated the Bitcoin protocol into its business models. Woke companies like Microstrategy ($MSTR), Square Inc. ($SQ), and Paypal ($PYPL) come to mind.

Still others are entering the Bitcoin Zone via Hedge Funds, but ya hafta be pretty rich to be able to puncture through that tight-ass entry point.

Just a couple of years ago, these last two big-money on ramps didn’t even exist. No one with pockets that deep would even glance in Bitcoin’s direction without holding their nose in disdain of the high tech ponzi abomination. But today, the traffic seems to be thickening at a greater pace on each on ramp. The highway crew has even commenced building a bunch of new, huge-ass, on ramps for enlightened central banks. Something in the air smells parabolic.

Gradually, then suddenly

Categories: bitcoin Tags:

It’s Hip To Be Square

October 10, 2020 Leave a comment

A couple of posts ago, I presented the fact that Microstrategy Inc. (MSTR) was the first major company to publicly disclose a big bux investment in Bitcoin. After CEO Michael Saylor said he felt the company was sitting on a “melting ice cube” of $500M in cash due to negative real rates of return on cash for the foreseeable future, the company bought $425M worth of Bitcoin to serve as a Store Of Value (SOV).

Well, I just discovered that Square Inc. (SQ) recently bought $50M worth of Bitcoin too. Unlike Microstrategy, which is a well established, stable, mediocre (but cash rich) company, Square is a high growth company in the digital payments space. It was co-founded in 2009 by well known and highly regarded Twitter founder Jack Dorsey. Square has been trading as a public company since 2015 and they’ve been participating in the Bitcoin economic space with their CashApp since 2018.

Note that in the graphic above, SQ has employed the increasingly credible strategy of investing 1% of its assets in Bitcoin. They, like many others, have been slowly discovering that the risk-reward ratio of buying bitcoin is way better than any physical asset on earth. There is no man behind the curtain, Bitcoin is legit. Its purposely builtin features clearly and objectively show that it is a superior SOV to gold or anything else.

When I heard the good SQ-Bitcoin news, I started humming an oldie but goodie tune that quickly nestled into my tumor-tainted brain. The song’s title applies so well here in 2020, but Huey Lewis sang it best back in 2009…. IT’S HIP TO BE SQUARE! It’s been fuckin’ stuck in my head for days.

 

 

Square’s stock is trading near its all time high. One of my rules of investing is to never buy shares in a stock that is at an all time high. Thus, I’ve placed a limit buy order on Square:

 

If the buy order doesn’t execute in 60 days, I’ll have to reassess the situation…. if I’m not sick or I haven’t died yet. 🙂

Categories: bitcoin, business Tags:

Quite The Ballsy Move, No?

September 26, 2020 1 comment

As I waited for my midday dose of gabapentin, a dab of Australian Dream topical cream, and a pot brownie to coalesce and hose down the latest spontaneous fiery combustion in my feet, something kept popping into my head over and over: the incredulous move into Bitcoin that Microstrategy Inc. CEO Michael Saylor recently made. I decided to conjure up this post to further take my mind off of my feet. It sucks to involuntarily spend a lot of time thinking of my feet. 🙂

Most people in the Bitcoin community were pleasantly blindsided when Mr. Saylor announced the company’s investment of $425M of its cash reserves in Bitcoin. Quite the ballsy move, no?

Mr. Saylor hasn’t always been a long time Bitcoin bull. In fact, he said in 2013 that Bitcoin’s days were numbered. However, when he kept seeing treasury yields sinking with no end in sight and inflation hiding right around the corner, he realized he was sitting on a pile of cash that was losing its purchasing power.

Prior to the Microstrategy announcement, the Bitcoin community thinking was that the next tier of incoming Bitcoin investors would be comprised of big money investment institutions like Vanguard, Fidelity, Pension funds, hedge funds, etc. No one thought that cash rich companies would start using Bitcoin as a better store of value and hedge against inflation than the old warhorse, gold.

Since Microstrategy is directly invested in Bitcoin, all of the company’s shareholders are indirectly invested. They now have a stake in the little engine that could. Here’s a snippet describing the stake of one of those shareholders….

And here is a tidy little table showing the BTC exposure of two other major Microstrategy shareholders…

Even if you’re currently not a true believer in Bitcoin’s future role as a groundbreaking, new, global monetary asset, you would do well to contemplate investing something like 1% of your savings in Bitcoin. After 11 straight years of bulletproof, 24 X 7, operation (no banker’s hours in Bitcoinlandia!), Bitcoin (unlike all the johhny-come-lately shitcoins) has earned some real “street cred” in the minds of some of the world’s best investment advisers. The possibility of a 20X return before the next halving (approx. 4 years) takes place blows away every other investment opportunity on the planet.

I already own some Bitcoin outright, but I decided to show my appreciation for Mr. Saylor’s ballsy move by purchasing some stock in his company. I’ve got the receipts to prove it but I’ll never tell how many shares I bought. 🙂

 

Categories: bitcoin
<span>%d</span> bloggers like this: