In order to sell Bitcoins in bulk, one must transfer them to exchange, but this incurs a major risk for the seller, namely that the exchange may be hacked and the bitcoins lost forever. Also there isn’t much liquidity on the exchanges, and in fact much less liquidity than meets the eye, which I will… Continue reading Why bitcoin is so volatile
Month: November 2017
The media/pundit narrative is almost always wrong, and why
A good heuristic is, the media/pundit narrative is almost always wrong. They said: –Trump cannot win –Trump will doom stock market & economy –Trump cutting off trade deals will hurt economy –Trump will hurt foreign relations –The bull market hinges on Trump passing tax cuts, and if he fails the market will crash –The economy… Continue reading The media/pundit narrative is almost always wrong, and why
Why Trump is Waffling on Immigration
Now Derb is hinting at taking the ‘black pill’: Two Weeks to the Big Cuck? I’m a pessimist, so I don’t think the omens there are particularly good. Trump has expressed sympathy for the DACA illegals, and seems unenthusiastic about following through on his campaign promises on border security and birthright citizenship. A Big Cuck—Amnesty… Continue reading Why Trump is Waffling on Immigration
Two paths to success
Most success guides are useless or fluff. I hope this post departs from that trend. You don’t need 35 rules to become successful. I boiled it down to two options: 1. Take risks 2. Become extremely competent #1 Includes investing, such as stocks, Bitcoin, or real estate, but also entrepreneurship. I don’t like entrepreneurship, because… Continue reading Two paths to success
notes: The Successor to the United States of America
Nick B. doesn’t write much, but when he does it’s insightful. In a comment, he writes how NRx rises to power: As for efficacy. Well… let’s get the truth first, then build some institutions to defend it and those who speak it. The Restoration depends not on popular support, at least as that is ordinarily… Continue reading notes: The Successor to the United States of America
The Western Elite from a Chinese Perspective (analysis)
This article went viral a few days ago: The Western Elite from a Chinese Perspective Warren Buffett has said that the moment one was born in the United States or another Western country, that person has essentially won a lottery. If someone is born a U.S. citizen, he or she enjoys a huge advantage in… Continue reading The Western Elite from a Chinese Perspective (analysis)
What to be thankful for: not smoking
pretty depressing stuff http://whyquit.com/whyquit/Memorial_2.html 140,000 Americans die every year from lung cancer, although 10% of lung cancer patients have no history of smoking. One thing that makes lung cancer unique and also so lethal compared to other cancers is how quickly the victim wastes away. In the case of late-stage lung cancer, for many people… Continue reading What to be thankful for: not smoking
Leninism, part 2
In Biological Leninism, in response to Spandrell’s eponymously titled epic post, I end by arguing that revolution is unlikely: This probably explains why there won’t be revolution/revolt in America, because although there is a lot of wealth inequality and dissatisfaction with the status quo, basic economic needs are still being met. But the point is,… Continue reading Leninism, part 2
How the opioid crisis fixes itself…sorta
For the past few months, thank in part due to remarks by Trump, there has been considerable interest in the so-called ‘opioid crisis’, with Trump going so far as calling it a national health emergency. The rate of overdose deaths, especially for whites, has risen steadily: Sources put the cost of the epidemic as high… Continue reading How the opioid crisis fixes itself…sorta
Biological Leninism
Every once in awhile someone writes something that is so amazing it makes you question your own abilities and perspective of the world. Biological Leninism, by Bloody Shovel, is one such example. Here are some pertinent passages: Socialism works not only because it promises higher status to a lot of people. Socialism is catnip because… Continue reading Biological Leninism