Bitcoin is an asset class first and a currency second

With Bitcoin blasting past the $2,000 barrier, the doubters are at it again> Bitcoin is a Speculative Asset, Not a Currency, Says Economics Professor Bitcoin does not make a good currency for two key reasons: its unstable value and its slow transaction time. Dorfman claims…

Anti-democracy, part 4

This BS is not going to go away though, impeachment or not. Clinton has Saudis and emails; for Trump it’s Russians and memos. One problem with politics is that it attracts people who seek power and status, so they will do anything to attain and…

Mole in the White House

Trump Told Russians That Firing ‘Nut Job’ Comey Eased Pressure From Investigation The conversation, during a May 10 meeting — the day after he fired Mr. Comey — reinforces the notion that Mr. Trump dismissed him primarily because of the bureau’s investigation into possible collusion…

Another low-IQ country bites the dust

This is pretty funny: Brazil’s real plunges on Temer bribery claims Bovespa joins Brazilian market rout, plunges 10% at open The Brazil ETF, EZW, lost 15% of its value in just a single day, far worse than even the worst day of the S&P 500…

Not Worried About Comey Memo

As everyone knows, Trump’s impeachment odds have surged due to recent revelations of possible ‘obstruction of justice’ following Comey’s disclosure to the NYT, and consequently the S&P 500 fell nearly 2%. Here are some reasons why I’m not worried and why the market will rebound…

Accelerationism

Accelerationism: how a fringe philosophy predicted the future we live in Between 2005-2007, I wrote (although not here) about an ‘acceleration phase’, as part of other ‘-isms’ I had coined (smartism, spendism, paymentism) to describe rapid changes in society, although it never occurred to me…

Masculinity and Risk Taking

From Dionysus Powell: This was a fascinating read, and there’s something I’d like to chime in to add, in response to Philosophical Fight Club: Alt-Right Recruitment (and How to Fight it) So what does this have to do with alt right philosophy? To answer that,…

Silicon Valley’s Reality Check

It’s interesting how there is so much variation in the viralness of Scott’s posts. Some posts barely create a ripple, while others send waves throughout the high-IQ rationalist communities. An example of the latter is Scott’s most recent post SILICON VALLEY: A REALITY CHECK, which…

Professional vs. Amateur Writing

Inspired by Vox Day’s post The IQ Delta Most writing guides focus on the writing process, such as developing a writing habit, not the quality of the writing itself. No amount of persistence, positive affirmations, or word counts will help if the writing itself is…

Clarification of Principles

Don’t Call Yourself a Libertarian Just another reason why one shouldn’t call themselves a libertarian if one actually believes in the writings of Rand and others, because the term has been hijacked. I prefer the term right-wing rationalism. But isn’t that just anarcho-capitalism? Why do…