Bitcoin dead cat bounce

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…

Accelerationism as an example of opensource, bottom-up philosophy

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…

Bitcoin ‘experts’ are often clueless

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…

Notes on the ethical dilemma of self-driving cars

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…

Bitcoin Update 2/4/2018

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…

Studies of exceedingly high IQs

Although Dr. Lewis M. Terman set an IQ cutoff of 135 for his famous ‘termite‘ study, scorers above 150 and 180 have also been studied, although not surprisingly the sample sizes are small. A follow-up of subjects scoring above 180 IQ in Terman’s genetic studies…

Bitcoin carnage continues

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…

Capital in the Twenty-First Century analysis

The main thesis of Capital in the Twenty-First Century by French economist Thomas Piketty is that wealth inequality arises from capital growing faster the economic growth, summarized succinctly by his famous equation r>g. Piketty bases his argument on a formula that relates the rate of…

Trump speech brief analysis

President Donald Trump Just Delivered His First State of the Union. Read The Full Transcript Overall, not surprisingly, it was one of those we-must-spend-more-money-on-stuff speeches. It was good in terms of exceeding expectations, demonstrating leadership qualities on Trump’s part, and signaling to voters. I would…