It’s pretty amazing how quickly the Bitcoin tides have changed. Just two weeks ago, with prices close to $20,000, Bitcoin seemed unstoppable, but prices have now fallen 35% and cannot get up. “$30 transaction fees?” “You fool, you don’t buy a cup of coffee with Bitcoin. It’s gold. You are supposed to hold it.” I… Continue reading Consider Altcoins

Megan McArdle’s latest article Bitcoin Is an Implausible Currency has generated significant discussion, with over 700 comments as of 1/2/2018. At this point, there is no question that Bitcoin has entered the ‘mainstream’, and there are more people who know what Bitcoin is than don’t. She writes: It’s not competitive as a payment system, so… Continue reading Megan McArdle is Wrong About Bitcoin

The goal of a theory is to explain past and current phenomena, to predict the future, and also to make generalizations. Theories in ‘hard’ sciences, such as the theory of relativity and quantum theory, are useful and supported by tests. My criticism is directed at the five-factor (big five) model of personality, which is an… Continue reading Criticism of the five-factor (big five) model of personality

Below is the infamous ‘spark plug pattern’ for Bitcoin, named after its resemblance to a spark plug, in which there is a sudden rise–but then it sorta ’rounds out’ for a short while, before falling rapidly: The base of the plug is around $8,000, which is a short-term target, and a long-term target is as… Continue reading Bearish Bitcoin Chart Formation

From Vox: On opioids, the White House keeps talking and planning — but not doing anything of significance Yeah, like a crisis that is decades in the making can be fixed in 2 months. Maybe Trump will get to it in 2018. Not exactly sure what that would entail, since undoing deep, long-standing structural and… Continue reading Tuning out of the news cycle

Math and religion are framed by the left as being diametrically opposed, but both are attempts to explains things that do not readily yield themselves to the senses and immediate understanding and gratification. The third option, empiricism, is most closely linked with tribalism and primitivism and involves neither intellectualism nor religion, and seeks instant gratification.… Continue reading Empiricism , Time Preference, and Economics

2017 was an amazing year–if not surreal–in terms of stock market and Bitcoin gains. It was like every week making thousands doing nothing. As mentioned earlier, I expect the stock market to continue its surge in 2018, but am less optimistic about Bitcoin and other currencies, and that’s why I sold some Bitcoin two weeks… Continue reading 2017: the year in review

Many people turn to stand-up comedy for amusement. I read Nassim Taleb’s Twitter, which is an never-ending trainwreck of hilarity and stupidity: BITCOIN, 2 points: + Returns are not additive at high volatility: Something that is up 1000% then down 90% is net breaking even.+ Do not read accounts in papers about "causes". At high… Continue reading Nassim Tooleb Twitter: Best of

If the far-left wants to know why no one likes them (and why all their YouTube videos get inundated with down-votes and negative comments), look no further than the screenshot above, in which ‘Merry Christmas’ and related terms have been classified as ‘hate speech’ according to the SPLC. The irony is the SPCL have become… Continue reading Merry Christmas is now ‘hate speech’