Month: February 2018

After a 3 day respite, the Bitcoin crash resumes. $9,000 failed, soon to be $6,000 and lower. Let’s face it, Bitcoin sucks as an investment unless you were among the handful of people who bought early (before mid-2017), and the more it falls the more people will lose money. The best investments, typically, are those… Continue reading How people get rich (it’s not Bitcoin)

The Nunes memo is a big story right now, but I haven’t done much reading into it, and due to Bitcoin and other important priorities, I’m sorta out of the loop. News cycles and politics are like carousels in that they go in circles, the same stuff over and over, albeit with small changes along… Continue reading The Autonomous Economy

Last week when Bitcoin briefly eclipsed $9,000, I put out a note saying it would quickly fall below $7000, which it promptly did (going as low as $5900). Bitcoin to $50,000 this year? Unlikely. $10,000 again would be a surprise. Bitcoin will likely retest $6,000 again. The momentum is still strongly negative, and Bitcoin failed… Continue reading Bitcoin dead cat bounce

Even I’m kinda amazed at the amount of discussion ‘accelerationism’ has gotten in recent years, especially since 2016 on Reddit and various blogs [1] despite the brevity of content about it by the philosophy’s originator, Nick Land. Most philosophies are top-down: the philosopher writes a long treatise, and then readers pick it apart. But accelerationism… Continue reading Accelerationism as an example of opensource, bottom-up philosophy

On Dec. 22, after Bitcoin began what has now become a 65% crash, analyst Tom Lee put out a note telling people to buy the dip: Fundstrat’s Tom Lee says he’s a buyer of the bitcoin pullback, now sees more than 35% gains from here “Here” was 5000 points ago. But then he doubled down… Continue reading Bitcoin ‘experts’ are often clueless

I don’t understand what the big deal is about the ethical dilemma of self-driving cars. A Google search reveals over 40,000 results of how the trolley car thought experiment is applicable to self-driving cars. Thousands of articles in the span of just a few years have been written about it. Apparently this is a huge… Continue reading Notes on the ethical dilemma of self-driving cars

Is the ‘deep state’ and its partner Facebook trying to censor Jordan Peterson? Not to sound too conspiratorial, but the timing is suspicious. It all began on February 3rd when Sam Harris and Jordan Peterson got into a Twitter spat. Sam posted: I have to "dispense with consciousness"? Jordan, my ethics are entirely grounded in… Continue reading Is the ‘deep state’ and Facebook trying to censor Jordan Peterson?

Bitcoin bottomed a few days ago at 7,500, falling from as high as 11,000 a few weeks ago. It has since bounced back as high as 9,400 and is sitting at 8,900 as of publishing this. Given the weakness of the bounce and thus the failure to reclaim 10,000, but also the weakness in the… Continue reading Bitcoin Update 2/4/2018

Bitcoin continues to fall, plunging below $8000 (and as of publishing this article is below $8000 on GDAX) as I predicted a month ago would happen. There is too much ‘hot money’ flowing around. Too much FUD, social media, and so on. Bitcoin needs to fall low enough to drive out the speculators, who are… Continue reading Bitcoin carnage continues