Author: smartistone

I was going to do a politics or finance post but making fun of BItcoin is more fun. Today’s Bitcoin Idiots: Mike Saylor, not to be confused for the other Sailer (Steve), who is not an idiot. Mr. Saylor sunk another $400 million into Bitcoin with borrowed money: MicroStrategy Announces Proposed Private Offering of $400… Continue reading Today’s Bitcoin Idiots

The S&P 500 keeps going up, making new highs every week or every other week. At the same time, Bitcoin keeps falling. The gap between Bitcoin performance vs stock market performance keeps widening as I predicted. Same for GameStop, which also keeps going up despite the media predicting in Jan-Feb that it would crash and… Continue reading Wuhan Lab Leak Theory (don’t expect closure if a leak)

Saw this story going viral: Google removes its head of diversity strategy and research after an antisemitic blog post surfaces. To Google’s credit, they only reassigned him instead of firing him. After the Damore fiasco and the bad press and large settlement that followed, they realized that wokeness is not without its potential costs. Several… Continue reading The Daiy View 6/4/2021

Donald Trump won in 2016 by focusing on economics and immigration–and in spite of ignoring or relegating ‘culture war’ issues such as abortion, drug legalization, gay marriage, or the ‘separation of church and state’ to the back burner–consistently maintained a very approval rating among conservatives, at around 90-95% approval, even after leaving office. This suggests… Continue reading Reversals between the ‘left’ and the ‘right’

Vox Day sorta admits he was wrong. What happened to ‘trust the plan?’ As I correctly predicted last year, there was no plan. If Trump could not stop BLM and antifa protestors from burning cities, except tweeting for law and order, what hope was there of overturning an election? I still don’t understand why President… Continue reading So much for that, and about alt-tech

From Eric Weinstein How about this: all platforms had *zero* rights to take down such posts in the first place, and all that did need to be broken up by the US government. A publisher may have such rights but a platform doesn’t get to spread politically motivated pseudoscience via such censorship. https://t.co/mVBgVDLqac — Eric… Continue reading The era of antitrust is over, and selective enforcement of rules

Respect should be irreverent when evaluating the intellectual worthiness or lack thereof of someone’s argument. But I find myself relinquishing what little I had for Nathan J. Robinson of Current Affairs, who published this howler We Don’t Know Our Potential, in response to Fredrik deBoer’s book, The Cult of Smart. His whole argument is effectively… Continue reading We Don’t Know Our Potential (Nathan J. Robinson essay)

In the comments, someone asked my opinion about real estate. As I have been predicting since I started the blog (for example, a post from 2015 in which I predicted Bay Area home prices would go higher, and gave a list of reasons, which they have, and that was even after they had surged in… Continue reading Real Estate Update: Still right after all these years

A couple weeks ago I said that stocks are better than crypto, showing how the large-cap tech portfolio (Facebook, Amazon, Microsoft, PayPal, Google, etc.) has superior risk-adjusted returns compared to Bitcoin. Lo and behold , Bitcoin has fallen 25% since that post. Ethereum has fallen in half. Being a good investor is not about knowing… Continue reading Bitcoin is No Threat to the US Hegemony

Covid, the Capitol protests, and BLM/antifa defined 2020 and the first month of 2021. But things have slowed down over the past few months. Cities are no longer burning, with BLM back in hibernation. The world isn’t falling apart, as many predicted if Biden won. CPI being 4% is a long way from hyperinflation spite… Continue reading The Age of Kayfabe