Archive for the ‘bitcoin’ Category

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.

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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.

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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“.

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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:

Bitcoin Vandals Out Of Control!

December 8, 2021 Leave a comment

Bitcoin vandalism has proliferated across the nation faster than you can say “omicron“.

Before the scourge turns into another world-wide pandemic threat to humanity, emergency congressional hearings have been scheduled to start tomorrow on capitol hill. In a stunning show of bipartisanship intended to emphasize how serious the problem is, Pelosi and McCarthy held hands at the press conference during the announcement of the unprecedented hearings. They pledged to coerce Jay Powell into cranking up the fiat printing presses from 9 to10. We’re totally fekked!

Categories: bitcoin

The Bitcoin Vandal

December 1, 2021 3 comments

I bought a pack of 50 cute Bitcoin stickers from Amazon. My grandiose exit plan is to market Bitcoin (don’t tell anyone, but I work in the Bitcoin Inc. marketing department) to humanity by defacing public and private property with these little gremlins before I go “tits up“. I used “tits up” here because when I used it in my previous post one of my dear readers said it made her breakout laughing. I love when that happens, and I hope that happens again.

I started my new criminal career as a Bitcoin vandalizer tout de suite by covertly planting a couple of my sweeties at my cancer infusion center today.

When management found out about the debasement of their property they called for a panic-stricken, hastily executed, lockdown. The police were also called to find, arrest, and prosecute the obscene vandalizer. When the lead detective strolled by looking for the perp, she walked right past me because I was incognito. They’ll be installing more surveillance cameras in 2022.

Oh, and before I go, I want to show off a beautiful, 3D printed, Bitcoin coaster that a longtime friend, whose coattails I luckily rode to financial security over decades, gave to me recently…

I put in a request to our VP director of marketing to fund a one time cache of 21 million of these swaggy collector items for free giveaways at malls. We’re also currently in negotiation with Debbie Gibson about doing a Bitcoin mall revival singing tour.

Categories: bitcoin

Phil And The Craptoverse

October 21, 2021 Leave a comment
Categories: bitcoin

Fiat WTF! Vs. Bitcoin W00t!

October 8, 2021 Leave a comment
Categories: bitcoin
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