Why Ethereum (ETH) is dying

Yesterday, gave an optimistic forecast for Tesla, but reiterate my negative forecast for Ethereum (ETH), which as of 5/4/2019 is still the second biggest cryptocurrency with a market cap of around $17.5 billion, followed by Ripple (XRP). The ETH/BTC ratio now at .028, which is…

Tesla is not going bankrupt

Looks like Lobos Motl is at it again with yet another critical Tesla post. Tesla can raise any amount of money it needs at a very low cost, which a position very few companies are fortunate enough to be in. Just yesterday, Tesla raised $2…

Not the Real Marxism

From Quillette: Marx Deserves Better Critics. If Marx wanted better critics, maybe he shouldn’t have devised an economic system that sucks so much. As someone in the comments notes: Marx does not deserve better critics, because his ideas are so bad both in theory and…

The ’90s and now, part 4

Articles that challenge conventional wisdom frequently go viral, especially if such wisdom is unsubstantiated, as part of the recent backlash online (offline, people are less intelligent and more impressionable, which is why people still shell out thousands of dollars for useless Tony Robins seminars) against…

Deleted for Truth

The NYTs retracts the only true thing it has ever published. The Daily Beast’s Lloyd Grove spoke with Murphy in the wake of the newspaper’s publication of a second controversial cartoon that drew critical condemnation from the Jewish community–after a first cartoon, which the paper…

The trans sports debate

One question that has vexed me for awhile is how and why trans issues and trans people have so much influence and such a large voice despite being such a small minority. “A survey in 2016, from the Williams Institute, estimated that 0.6% of U.S….

The Myth that Refuses to Die

A long essay from The Washington Post The strongmen strike back: Authoritarianism has reemerged as the greatest threat to the liberal democratic world — a profound ideological, as well as strategic, challenge. And we have no idea how to confront it, by Robert Kagan. And,…

Affirmative action: much worse than expected

Many on the left justify affirmative action by arguing that racial groups that get preferential treatment are only slightly less meritocratic than better-performing groups and or that such differences are small. As this excellent presentation by Glenn Loury shows (starts at 15 minutes in), the…

The ’90s and now, part 3

One thing I have noticed is, is how there is so much fact-checking and how little tolerance there is for bullshit online, especially on Reddit and in the comments. As the viralness of mundane, non-politicized topics shows, smart people–especially in recent years with the rise…

More correct tech & stock predictions

Facebook stock is surging higher on yet another quarter of huge earnings: Morgan Stanley analyst Brian Nowak believes ad sales will only grow bigger with Instagram’s promise as an e-commerce tool. In raising his price target on Facebook shares to $195 from $190 on April…