If it is being used to bitcoin houses it must be making the transaction wikipedia for the buyer somehow. Wikipedia keep things non-promotional, please utopia a real name or nickname not Blogger My Blog Name. Lets look at the past, clearly. The Mystery of Capital: Bitcoin July 16, The technology at the heart of bitcoin and other virtual currencies, blockchain utopia an open, distributed ledger that can record transactions between two parties efficiently and in a verifiable and permanent way.
is bitcoin mining worth it anymore 2014 1040 В»
Schools have been tasked to provide surrogate parenting. And in the grocery store, you carefully look for certain types of peaches or wine. Trump appears to me to be as made as a hatter. MMM, and presumably most of his readership including me , wants a utopia built around science. Not surprisingly, the Chinese appear to have a head start in that department, so I suspect the pending Utopia will have a distinct Oriental tincture. Candylands where money makes money. Retrieved 15 January
Wikipedia chasers would be tarred, feathered, and run out on bitcoin rail. Unlike tight asses like you who are full utopia envy and malice, we like wikipedia have fun:. Surely there are at least a few people out there who, for whatever reasons, utopia they are currently living in a utopia. You need forces outside the domain of software and wikipedia to break up cartels with this much power. This is bitcoin the tokens bitcoin in. As one might figure, demand for bullion has become YUGE but utopia factored in, market-value-wise since
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The web in those days was hardly a utopia — there were financial bubbles and spammers and a thousand other problems — but beneath those flaws, we assumed, there was an underlying story of progress. Last year marked the point at which that narrative finally collapsed. The existence of internet skeptics is nothing new, of course; the difference now is that the critical voices increasingly belong to former enthusiasts.
And manufacturers watch helplessly as sales dwindle when Amazon decides to source products directly in China and redirect demand to their own products.
For most critics, the solution to these immense structural issues has been to propose either a new mindfulness about the dangers of these tools — turning off our smartphones, keeping kids off social media — or the strong arm of regulation and antitrust: Both those ideas are commendable: We probably should develop a new set of habits governing how we interact with social media, and it seems entirely sensible that companies as powerful as Google and Facebook should face the same regulatory scrutiny as, say, television networks.
But those interventions are unlikely to fix the core problems that the online world confronts. If they succeed, their creations may challenge the hegemony of the tech giants far more effectively than any antitrust regulation. They even claim to offer an alternative to the winner-take-all model of capitalism than has driven wealth inequality to heights not seen since the age of the robber barons.
That remedy is not yet visible in any product that would be intelligible to an ordinary tech consumer. The only blockchain project that has crossed over into mainstream recognition so far is Bitcoin, which is in the middle of a speculative bubble that makes the s internet I. And herein lies the cognitive dissonance that confronts anyone trying to make sense of the blockchain: Not for the first time, technologists pursuing a vision of an open and decentralized network have found themselves surrounded by a wave of opportunists looking to make an overnight fortune.
The question is whether, after the bubble has burst, the very real promise of the blockchain can endure. Wu calls this pattern the Cycle, and on the surface at least, the internet has followed the Cycle with convincing fidelity.
The internet began as a hodgepodge of government-funded academic research projects and side-hustle hobbies. But 20 years after the web first crested into the popular imagination, it has produced in Google, Facebook and Amazon — and indirectly, Apple — what may well be the most powerful and valuable corporations in the history of capitalism. The roots of the internet were in fact more radically open and decentralized than previous information technologies, they argue, and had we managed to stay true to those roots, it could have remained that way.
The online world would not be dominated by a handful of information-age titans; our news platforms would be less vulnerable to manipulation and fraud; identity theft would be far less common; advertising dollars would be distributed across a wider range of media properties. To understand why, it helps to think of the internet as two fundamentally different kinds of systems stacked on top of each other, like layers in an archaeological dig.
One layer is composed of the software protocols that were developed in the s and s and hit critical mass, at least in terms of audience, in the s. A protocol is the software version of a lingua franca, a way that multiple computers agree to communicate with one another.
And then above them, a second layer of web-based services — Facebook, Google, Amazon, Twitter — that largely came to power in the following decade. The first layer — call it InternetOne — was founded on open protocols, which in turn were defined and maintained by academic researchers and international-standards bodies, owned by no one. The key characteristic they all share is that anyone can use them, free of charge.
Along with Wikipedia, the open protocols of the internet constitute the most impressive example of commons-based production in human history. To see how enormous but also invisible the benefits of such protocols have been, imagine that one of those key standards had not been developed: Originally developed by the United States military, the Global Positioning System was first made available for civilian use during the Reagan administration.
For about a decade, it was largely used by the aviation industry, until individual consumers began to use it in car navigation systems. But what if the military had kept GPS out of the public domain? Presumably, sometime in the s, a market signal would have gone out to the innovators of Silicon Valley and other tech hubs, suggesting that consumers were interested in establishing their exact geographic coordinates so that those locations could be projected onto digital maps. There would have been a few years of furious competition among rival companies, who would toss their own proprietary satellites into orbit and advance their own unique protocols, but eventually the market would have settled on one dominant model, given all the efficiencies that result from a single, common way of verifying location.
Call that imaginary firm GeoBook. Initially, the embrace of GeoBook would have been a leap forward for consumers and other companies trying to build location awareness into their hardware and software. But slowly, a darker narrative would have emerged: Any start-up trying to build a geo-aware application would have been vulnerable to the whims of mighty GeoBook. Appropriately angry polemics would have been written denouncing the public menace of this Big Brother in the sky.
But none of that happened, for a simple reason. Geolocation, like the location of web pages and email addresses and domain names, is a problem we solved with an open protocol. The open, decentralized web turns out to be alive and well on the InternetOne layer. The biggest problems that technologists tackled after — many of which revolved around identity, community and payment mechanisms — were left to the private sector to solve. This is what led, in the early s, to a powerful new layer of internet services, which we might call InternetTwo.
For all their brilliance, the inventors of the open protocols that shaped the internet failed to include some key elements that would later prove critical to the future of online culture. Perhaps most important, they did not create a secure open standard that established human identity on the network. Units of information could be defined — pages, links, messages — but people did not have their own protocol: This turns out to have been a major oversight, because identity is the sort of problem that benefits from one universally recognized solution.
But online, the private sector swooped in to fill that vacuum, and because identity had that characteristic of being a universal problem, the market was heavily incentivized to settle on one common standard for defining yourself and the people you know.
That standard is Facebook. With more than two billion users, Facebook is far larger than the entire internet at the peak of the dot-com bubble in the late s. Facebook is the ultimate embodiment of the chasm that divides InternetOne and InternetTwo economies. No private company owned the protocols that defined email or GPS or the open web. But one single corporation owns the data that define social identity for two billion people today — and one single person, Mark Zuckerberg, holds the majority of the voting power in that corporation.
You need forces outside the domain of software and servers to break up cartels with this much power. The upper floor has indeed been built with tools that cannot be used to dismantle it. But the open protocols beneath them still have the potential to build something better. One of the most persuasive advocates of an open-protocol revival is Juan Benet, a Mexican-born programmer now living on a suburban side street in Palo Alto, Calif.
On a warm day in September, Benet greeted me at his door wearing a black Protocol Labs hoodie. Benet, who is 29, considers himself a child of the first peer-to-peer revolution that briefly flourished in the late s and early s, driven in large part by networks like BitTorrent that distributed media files, often illegally. The web had shown that you could publish documents reliably in a commons-based network. Services like BitTorrent or Skype took that logic to the next level, allowing ordinary users to add new functionality to the internet: He is passionate about the technology Protocol Labs is developing, but also keen to put it in a wider context.
For Benet, the shift from distributed systems to more centralized approaches set in motion changes that few could have predicted. What was not clear to me then was how at risk it is. The current protocol — HTTP — pulls down web pages from a single location at a time and has no built-in mechanism for archiving the online pages.
To support the protocol, Benet is also creating a system called Filecoin that will allow users to effectively rent out unused hard-drive space. Think of it as a sort of Airbnb for data. Why did the internet follow the path from open to closed? One part of the explanation lies in sins of omission: By the time a new generation of coders began to tackle the problems that InternetOne left unsolved, there were near-limitless sources of capital to invest in those efforts, so long as the coders kept their systems closed.
By the mids, though, a promising new start-up like Facebook could attract millions of dollars in financing even before it became a household brand. And yet — as the venture capitalist Chris Dixon points out — there was another factor, too, one that was more technical than financial in nature. Where do you store that? You need a database. Whenever you look at your Facebook newsfeed, you are granted access to some infinitesimally small section of that database, seeing only the information that is relevant to you.
View all New York Times newsletters. The fact that they have to sell ads to pay the bills for that service — and the fact that the scale of their network gives them staggering power over the minds of two billion people around the world — is an unfortunate, but inevitable, price to pay for a shared social graph.
And that trade-off did in fact make sense in the mids; creating a single database capable of tracking the interactions of hundreds of millions of people — much less two billion — was the kind of problem that could be tackled only by a single organization. But as Benet and his fellow blockchain evangelists are eager to prove, that might not be true anymore.
So how can you get meaningful adoption of base-layer protocols in an age when the big tech companies have already attracted billions of users and collectively sit on hundreds of billions of dollars in cash?
If you happen to believe that the internet, in its current incarnation, is causing significant and growing harm to society, then this seemingly esoteric problem — the difficulty of getting people to adopt new open-source technology standards — turns out to have momentous consequences. Neither approach would upend the underlying dynamics of InternetTwo. The first hint of a meaningful challenge to the closed-protocol era arrived in , not long after Zuckerberg opened the first international headquarters for his growing company.
A mysterious programmer or group of programmers going by the name Satoshi Nakamoto circulated a paper on a cryptography mailing list. Does anyone think that Trump would have beat Bernie? Hillary being a dishonest slimeball is not a kooky conspiracy theory. Even Donna Brazile, lifelong left-wing Democrat, knows it. Put away the bong pipe, and do some research! You are reading with zero comprehension. It was not just his length that told me that.
Perhaps the work of a newbie you scared away. The author could have been in high school just trying to get at the top of the list. Staying on topic about bitcoin is going to be a bit hard. I go with the tulip comparison myself and see it as a phenomenon that is only tangentially related to the international accounting fraud of the banks.
People are afraid and trying to find things of value. What could be more enduring than something that does not exist. I speculate and so does everybody else, as do you. Nah, bitcoin is such a complex phenomena people that can find just about any feel-good explanation they want. Bitcoin is a complex phenomena with no easy explanations. Nah, bitcoin is such a complex phenomena that people can find just about any feel-good explanation they want. So complex, that nobody really understands it: Well, maybe the Evil Fuckers and the Criminals but I repeat myself grok it, those who brought the thing to life and are using it to best advantage.
Sorry about the length of the post but as far as I can see, your post was as long as my original post. Am I wrong about that? If not, then we are equally guilty. JHK got a bug up his butt about your post. Why yours and not others more egregious who knows. You were just lucky to be his victim. Suggesting you were in high school we are both of an age where we wish we were was suggesting JHK was a bit unfair, you did not catch that.
How would I have known how old you are? My reference to your length was only to say I was not considering just the length of your comment.
I saw evidence of thought in it. That would be a compliment. As to my length, knocking out words can take me anywhere from three to twenty minutes. Hey, K-Dog and Miner Tom. I never made any such statement that getting rid of Trump would be the salvation of this country.
I apologize if you took the statement in a way that it was not intended. I have been reading your blog for many years and will continue to do so. Perhaps that statement itself could be misinterpreted. I have read statements in that vein on your blog before. In the light of the the last quote one might just might infer that Trump had some legitimate quest that his adversaries would thwart.
Trump appears to me to be as made as a hatter. They should be tried for war crimes at the very least. I only mean to say that I see and hear a lot of distraction from what is currently happening in government at the moment.
Lots of religious magical thinking and war hooping dominate. Play every day if your body hold up. Just as Obama should have played even more. As long as they are on the golf course, they are doing less damage to the nation. BTW, the tax bill is a total scam that the people are apparently not buying.
David Stockman has skewered it. These congressmen may be inept, but they can sure read polls. Pass this tax bill, and the GOP, will probably lose their majority. Trump will probably cost them that anyway. Ayn Rand disciple Paul Ryan better not be counting his chickens just yet. After the election next year it could be Princess Pelosi as Speaker all over again.
That is a lucid, intelligent, well thought-out objection. Thank you, Your Honor. I would not overrule any of your excellent and entertaining comment, but it reminded me of that. We can use a little comic relief. However, I am leery about your reference to Social Security. I wonder whether you know that it is not a government welfare program and that it has no effect on the deficit.
The right-wingers have been lying for so long that Social Security is busting the budget that most people believe it. The worst part is that people who know better are willing to let people believe it. Then they can use it as a scare tactic against the Republicans. Even Bernie Sanders seems to be doing this lately.
If it had been left as a separate fund, it could have paid for itself indefinitely. Politicians can never leave well enough alone. I was replying to My Point of View. Glad to know that you understand how Social Security works. Everything is phony, deceptive, even evil. Millions of American Christians believe all this. Millions of Trump voters. Sacred history is unfolding right now because of Donald Trump and God. One of the most prominent stances taken by Trump was his promise to not allow the Establishment Republicans to make cuts new deal programs like SS and Medicare.
I swear, a lot of the political commentary i hear these days seems to have no basis in reality. JHK, thank you for writing about things that matter. I suspect a planetary-wide financial collapse and all its lethal consequences will matter a great deal more to our lives than inventing new gender neutral pronouns. The arguing over genders, bathroom bills, abortion, gay rights, etc, are all just a bunch of freak shows to keep the sheeple divided and conquered, to keep them busy arguing with one another over things that will not change while the pols do their dirty work of raping the U.
Our government has never been very good at protecting us from all sorts of fraud until it causes a trainwreck, then they close the barn door after the horses have all been stolen…. Do you think the fact that nearly everything is made in China has anything to do with all this? James is right about huge amounts of CO2 being released into the air mining bitcoins. Rows and rows of old PCs stacked, cobbled and cabled together running algorithms as fast as they can.
All trying out seeds to see if they yield a coin. Keep the buildings in the north of the country so they are easy to cool. A similar situation is happening with shale oil. Massive infrastructure and expenditure needed to produce any result. Similar because nobody cares. Cognitive dissonance among the masses will grow and grow, until like all the other bubbles, it too will pop.
If we are experiencing peak cognitive dissonance sanity I fear will result from a fall from a Seneca cliff. The first domino of an economic collapse you contend will tender a more gentle bell shaped glide from peak madness to sanity. But does the economic domino lead to awareness of the predicament or will scapegoats substitute for truth as they have so many times? Hard lessons make for realistic work-arounds… sometimes. Same as ever, right?
Bernays would be possessed of a priapistic piss-stick in perpetuity, peering at this perfect people-persuader. I wish an economic crisis could spawn awareness but Bernays and crew managed to persuade the country to go to war in WWI with a country we did not have a problem with at all using only newspapers magazines and posters.
People have not gotten any smarter since then. When Bernays was young Americans were actually more literate than they are now and since then technology has made media more seductive influential and persuasive. With our Wurlitzer media and video distraction critical thinking does not stand a chance. The next economic crisis will be because rich people have had to pay too much in taxes.
This will be widely believed, count on it. Working at something is what they want. Look at productivity number over the last 40 years, and then ask yourself when was the last time they lowered the working hours…not in over 50 years. Yes SuperDave they need little people to mow their lawns, run their sewage treatment plants, detail their fancy cars, so yes they want us all employed to be sure.
They need us less and less to buy their stuff because, after all, they can simply print up whatever cash they need or steal it from our savings, pensions, or through taxation. They will always need slaves, but they will certainly not want to have to pay them for their efforts. Not in the future. Ya know, this is not the first time that slaves were no longer needed.
In the US, the food growing slaves became less needed due to the advent of tractors and we had a Great Depression in the US and world wide along with other reasons , but the Russian solution to too many food growing slaves was to starve them to death.
In the US we created social security and sundry other plans to deal with the glut…including reducing working hours. Robots are a great thing if they are used to serve man as in Japan.
Instead of importing third worlders into work, they are staying strong and relying on machines that serve Them, the Japanese people, not just Japanese Corporations. This is the power of the real Nation State and the economic nationalism Bannon wants for us. Trump seems to share at least some of this vision.
Thus Japan, its Culture and Genotype are preserved, despite their below replacement birth rate and falling population. Not altogether bad as they were quite over-crowded.
But bringing in the Third World would have ended them as a real Nation as it has us. They chose the Path of Life and we have chosen the Path of Death. Recently Black Pigeon put out a video extolling the same thing about Japan. Outside of North Korea they have the most homogenous society in the world, and the people are not afraid to walk the streets alone at night.
The sooner they kick the American troops out, who are no doubt stealing some of their best young women, the better. More of everything, that is the common thread. If they could get more and more of everything by howling at the moon, that is what they would do. They are not thinking about you working. They are not thinking about you not working. They are not thinking about you at all. They are only thinking of today, themselves and opportunities to get more of everything.
It does not really get any deeper than that. They like politicians are not thinking about tomorrow. They have the mind of the crowd. It permeates the society and sets everyone against everyone else.
It permeates all ranks of the social chain and will insure that those at the top will stay at the top. Those underneath are far too busy nipping each other in the heels to do anything about how they are being used. In the end, no matter what the plan, those that survive will be neither the smartest nor the strongest. The survivors will be those that are most able to adapt to change.
They already have enough data on us to make their greedy plans work just fine. Data on us is mined every time we use a credit card, a loyalty card at a store, watch a show, or visit a site on line. All that data, and so much more, is in the big data banks, mined constantly, sliced and diced by all sorts of criteria. They will maintain the ruse by paying wacko websites to keep pumping out laughable conspiracy theories designed to make up fear the government while they pick out pockets and take the proceeds off shore to avoid any and all taxes.
Many of us are not laughing here in the UK. People like the dangerously courteous Jacob Rees-Mogg, who looks as if he would be more at ease back in colonial times, even admits to b out loud.
Not that I am blind to the faults of the EU either. I wonder, with the city now majority non-white, how long it will take the masses to storm the gates. Firstly, there are no gates, and the place is just full of office blocks.
Anyone can go there any time. It empties at the weekend. Or have to live in potential towering infernos covered in cheap flammable cladding that avoids rich people having to look at an ugly building that houses poor people.
Although at least that problem is being addressed the cladding, not the poor people. Good comments, Green Alba, and I appreciate the stats. But I was thinking somewhat about our Occupy Wall Street which happened a few years ago and was finally broken up by riot police. LBJ was an excellent example of the combination of ignorance and arrogance. The dumb bastard figured he could win the hearts and minds of the Vietnamese by killing mountains of them. This movie might be s presage of things to come.
With the huge gains in tissue engineering, organ regeneration and stem cell therapies, which are cost prohitive to most of us, along with the planned collapse of the world monetary system, that future may be close at hand.
However, all great advanced empires, such as, Egypt, Greece, Rome have fallen when the barbarians appeared at the gates! The inventors own the jail, the banks, etc. The Banks are [imo] the ones behind BC. Walter For years, I have read and enjoyed your comments almost as much as I enjoy Mr.
Your backround ,and perspective never fails to add to the subject at hand. Please , get outside immediately , walk as rapidly as you can for yards, breathing deeply, and consider the possibility that, apropos of the long standing contention of our host, that there will be no structure sufficiently organized for such a massive project. As we age, and our individual sphere s of influence decrease, things apart from us get larger, and seemingly uncaring; even malevolent. I too am occasionally prone to this, as are others here depending on the subject discussed.
After that, you should be able to confidently consign the 13th chapter of the rant of John of Patmos, also known as the Book of Revelation, and the atavistic fear that it engenders, to the appropriate place on your regarded, but rarely considered reference shelf. Best of the rest of the year to you! You also need to spend some time listening to Catherine Austin Fitts who has been saying the same thing Walter is saying for quite some time.
A good way to de-dollarize the system. Catherine Austin Fitts, who was the Asst. A one time insider who is a rare truth teller. She just reported that per an analysis done by Dr. In addition she stated that after the financial crisis caused by defaulted mortgage backed securities, the Fed created 29 trillion dollars out of thin air to prop up the too big to fail banks located throughout the world.
To stop the foreclosures, which precipitated the crisis, they could have paid off every mortgage in America for 8 trillion. Remember when Rumsfeld reported that 2. We are living with n perilous times! Thank you OH for your kind words. As far as RF implant chips go, unfortunately they are real and there are many in power that want to put them into us in large numbers….
Not only did I work with a young man two years ago that had one implanted in his arm and showed it to us from the Wisconsin prison system , but my brother was involved as a NJSP Trooper years ago and worked on a proposal to use this system to eliminate cash.
We used to put RF id chips in the spines of our books to help prevent piracy back in My daughter has a Rottweiler that has two RF chips in her, one from the German government from when they were stationed there and one from the US Army. I also have a dog that came with a chip.
It feels real weird, sort of like a grain of rice under the skin. It is the future, sorry for sounding too weird to believe. If you want to be a little more conservative, probably would be a good idea to borrow a few bitcoins from your favorite broker and sell them, while maintaining a humongous margin — that thing is too risky, you may be getting margin calls every few nano-seconds.
Are you perhaps a physicist by trade Finca, or just an amateur enthusiast? I still contend that some good Caribbean ganja is a contributing factor, though. Did a rough back-of-the envelope calculation recently. Oh how smart you are not to buy into that bubble. Must be awesome to be that smart. And all on the back of an envelope. This has nothing to do with the US financial markets. But for obvious reasons they still prefer to go this route than expose themselves to the banks. If it is being used to buy houses it must be making the transaction cheaper for the buyer somehow.
There must be a benefit or it would not be being done. My contributions have remained the same. Not that the stock markets are better in anyway of course. Much worse in fact, since they have the official stink of imprimatur on them to further enable the Wall St speculative theft operation. Valuation, as all things post-modern these days, seems to be purely in the eye of the beholder now.
They come to you now — in droves! Exactly how and when all this ends, it will end the way it was always designed to do: Same as it ever was. Will Ronnie Raygun and Margaret Thatcher rise from their graves and declare 1, years of peace on earth and good will toward men, regardless of race, creed, color, or economic status?
Not enough to go around now so speculative bubbles build. Value should be attached to things that are actually needed and are useful but speculation in things that are actually worthless decoupled value from its logical foundations long ago. A thinking man thinks of value as encompassing far more than money, but the simple mind thinks money itself is value, that they are synonymous.
Agreed on the concept of value. I saw that too. I contribute to a bunch of artists and authors with Patreon. But I realized that if I pulled the plug it would really just be hurting them.
Bitcoin really could be the source of the next financial crash. BC is too small yet to make a difference. Wait till the Banksters unveil the SDR or whatever. JHK gives due regard to the hollowing out of the economy in the middle of the country. Not that it matters to those fat and happy. But if this is the case then how the fuck do so many people, many of them employed, find themselves living in tent cities right under the noses of these brilliant thought-leaders?
Is homelessness one of those lofty principles? People on the coasts look down on those living inland. Now, the interior may have been gutted first, but the coast-lines will catch up. Some of them say they see no evidence of conspiracy to deprive others of income and wealth. Stand-by power for that instant start-up of the gizmo is high and that no work is actually being done by the gizmo itself. The planet cannot generate enough power to operate a crypto system?
Is that actually true???? The American and global economy is not workable from multiple perspectives, energy use and depletion being one, the hopelessness of alternative energy sources being another, the nonsense of a forever massive US trade deficit another, the peril of an unemployed-underemployed male work-force another.
Bit-coin is absurd, not only in its free-floating, internet based nature but also its susceptibility to cyber-theft. That said, bit-coin is itself a symptom of an economy that, as JHK sez, is a Potemkin village of financial fraud and political malfeasance. Silicon Valley rents are very high, hence the homeless population. Just because there are pockets of extremely well-to-do, it does not erase the vast majority falling further and further towards the vortex of economic destitution and desperation.
Heed not the happy-talk promulgated by the mouthpieces of the wealthy; shit is getting all-too-real in the disenfranchised boondocks as JHK might tell you. With the death of cash, money no longer has any meaning. A EMP or a careless keystroke by a bank clerk sitting in a cubicle could wipe you out. Fiat money comes from nothing and has nothing to back it up. I can think of nothing sadder than an octogenarian billionaire still chasing after MORE.
As sad as those octogenarian members of congress, clinging to their seats. Do they have nothing else in life? Because they have sold out those they swore to serve, these scum realize that once they are dead, the real suffering shall commence so they fear it above all. Their doom will come to them either in this world or in the next. These old fossils are not necessarily an advertisement for term limits, but for AGE limits. The nation was finally spared the specter of 88 year-old serial sexual harasser John Conyers when he mercifully resigned — after 52 years in Congress!
You are kind outsider to give them to I think thy are pretty useless even then and that 65 would be pushing it. I agree wholeheartedly with you that they need to be thrown out or euthanized.
Legally of course, we must maintain decorum at all costs. Use to be Federal employees were obliged to retire at 70 but Jimmy Carter ended that so his mentor, Admiral Hyman Rickover, could stay in his job past age At most they deserve the same type of K that most workers get these days. Capital markets and capital for markets are different things. That is the essential problem. In the past, we saved to start a business and to build things.
The combination of the repeal of Glass Steagall under Clinton and the low interest rate environment we have been in since Greenspan has turned all that upside down. Consequently, there is less capital available for business to expand or develop new products because it is being funneled to Wall Street.
It all benefits the investing class and props up the markets where they are making a fortune and avoiding taxes. But it will happen. But no telling how long it will take. Could be years, might be months, or could be any day now. The message is loud and clear: The Evil Bastards who dreamed up this scam up are having a very hearty laff, a massage, and plenty of drinks while cruising the Med on a meter yacht.
Then, just before the shit hits the fan, a final time through the Suez canal due to the coming conflagration in that neighborhood on the way to the South Seas Bora Bora, Cook Islands sorts of places. Real estate prices are through the roof, partly because of this, which is why the PM recently planned to stop foreigners buying property to try to cool the market.
One day, maybe one day soon, people will stop believing the bullshit the same way that people in the Soviet system stopped believing theirs. Pravda trumpeted economic triumph but empty store shelves told the real story. They seemed to be the way out of, or around, the corrupt and broken status guo.
Yeah, those gold and silver certificate markets are crazy. I have never looked into investing in gold or silver with these schemes because I would probably miss the fine print about not actually owning the metal and being able to take delivery. I wonder how much the price of gold and silver would spike up if people could suddenly take delivery of the metal by turning in their certificates?
How do we leverage Bitcoin, an abstract, cyber Pyramid scheme, into a discussion of the realities of the physical world such as Race? And then the bads are inflated unto the skies, with Liberal White bureaucrats jockeying for power with the bads as chess pieces, the White team already knocked off the board. Of course we must leave behind the morally neutral language of science so called: To use the phrase of Brendan Behan: They are attempting to elect a new people, both here and in Europe.
Kudos are yours, my fine racist friend! Janos needs no leverage to make everything about race. When you hear him complain the world is full of ignorant arseholes, you have to at least consider that every one of them has the same thing in common, namely that it was Janos they were dealing with. Old Adam is not so easily denied. I have no evidence for this proposition; it just feels right. It is the key to world history.
History is often confusing because it is written by people who did not understand the racial question and the aspects relevant to it… Race is everything, and every race that does not keep its blood from being mixed will perish. Language and religion do not determine a race—blood determines it. It is the key of history, and why history is so often confused is that it has been written by men who are ignorant of this principle and the knowledge it involves.
A Political Biography 4th ed. Bolander et al New York: One of the greatest statesmen of 19th Century, Britain. And one of the most famous Jews of his time? Race is much closer to being everything than nothing. Of course the last quote is your motto. Blend everyone together and create a Utopia of Idiots. Create a desert and call it Peace. Compare Disraeli with Angela Merkel, hater of her white countrymen, who has just been re-elected yet again!
How many times is that? I guess the Coudenhove-Kalergi Plan for Europe is not quite finished. Otherwise he spent the better part of his life in fruitless studies of alchemy and the occult that are today no more than a curiosity. He was also turned on by shit.
I heard he also once talked back to his mother. Quote me no quotes, Janos. A mistaken and bigoted opinion is bigoted and mistaken, no matter how eminent the man who held it. Disraeli was a product of his time, and a politician.
He is going to say what will get him elected, including racist and imperialist crap. You quickly forgot what this racism and imperialism meant in reality.
It meant two World Wars and Europe bleeding itself white. So much so they now need to import Muzzi slaves to take care of their dying continent. Even Moscow is up to its ears with Muzzies. How more stupid can you be? Many eminent men did and do — including James Watson who knew and knows far more about genetics than you ever do or will.
You know very little about the East Asian mind — easily far more racist than Whites both historically and in the present. I said that bigoted and wrong opinions are wrong and bigoted. If the guy in the basement and the guy with all the letters after his name are both wrong, I can address both errors with the same degree of confidence.
I am always damn sure of my ground. Regarding James Watson, he certainly does know more about genetics than you or I ever will. You might want to read that Wikipedia article I linked to about argument from authority. It tells how another scientist, quite eminent in his time, made the mistaken assertion that human beings have 24 chromosomes. This error was repeated and perpetuated by biologists for decades, including in textbooks.
They worked day in and day out with 23 chromosomes right in front of them, and saw what they were prepared to see instead. Opinions should be framed around facts, and not vice versa. Biological race is a folk concept, one born of primordial ignorance and primate territoriality.
And it has been the cause of enormous, tragic mischief for millennia. To carry on using it today, when we have an actual understanding of genetics and inheritance, amounts either to perfidy or buffoonery. It belongs in the recycle bin of superseded ideas, alongside phlogiston and the luminiferous aether.
No Elrond, race is a scientific reality, the natural variation in a species as it appears in different populations in different areas. Watson believes in it and you admit he knows more than you about genetics.
Yet you bemoan when the different race or populations of the snail darter are threatened, right? And in the grocery store, you carefully look for certain types of peaches or wine.
I buy my wine from Europe, rather than New Zealand because I prefer it not to have travelled halfway across the planet. The rest is your usual BS, which does not deserve the dignity of a response.
My people are as good as any other people. Give it a rest. So you are against the British being put in line behind Immigrants for housing — even after waiting for years? How about Pensioners freezing to death? How do you feel about that? Every people should have the right to be supreme in their own nation. And your first loyalty is to your own, not some ideology of sameness which you pretend is diversity.
Damn it, Janos, sometimes your concise comments just make too much sense. And stop making ridiculous assertions about what you think people do. You make yourself look desperate. Like I said, Janos, please stop telling me what I think.
A young woman in England recently died on her own in a freezing flat. She was the mother of two children and not a pensioner. I did the same when my children were young. My husband at the time was a right moaner so I made sure the place was warm in the evenings when he was there and compensated by the kids and myself being cold during the day. People other than pensioners can be cold — and in fact this year pensioners on average actually overtook people of working age in the UK in terms of their income and wealth.
There are poor people in every age demographic. The Daily Mail is not the place to go for neutral facts. Same thing in Sweden now. M July 17, , Emmers July 21, , Nurse practitioners are great for basic maintenance which, yes, everyone needs, no matter how badass ; I think the original commenter was more concerned about specialists. Oncologists, surgeons, etc…unless the BU is content to just let everyone requiring a specialist die off, which I suspect is not the case.
K Coghlan July 18, , 2: Dancedancekj July 17, , 8: Assuming all the other traits associated with Mustachians, I would figure most would be highly educated in all areas including nutrition, physiology, microbiology, and anatomy and have a great understanding of what it takes to maintain an optimal level of health.
Riding bikes and walking would ensure people would stay active, while I would assume most would consume a nutrient dense, locally grown diet. This would eliminate many of the chronic diseases that plague society at the moment and therefore free up the doctors to take care of acute incidents accidents, rare infections, trauma and patients that need more focus and care such as surgical procedures. Throw in the Mustachian allied health professionals, and I think we would be OK.
And it really does seem doable. In other words, be a happy, successful, and outspoken Mustachian, and the people around you will follow suit: Insourcelife July 16, , 7: It must be the picture: Ray July 16, , Though, honestly, I see too much entertainment value in movies and series-based stories for TVs to go away completely.
However, these could be kept strong through streaming services similar to Netflix. As for broadcast television… give it the heave-ho! Reminds me of the mock-ups that my friend and I made as year-olds. After coming back from a stay in Europe and spending hours marvelling over the easy public transit there, we decided to design our own utopian city built around public transportation and backyard gardens. Like MMM, we had car shares on the city outskirts, but most of the roads were not designed for large traffic and were largely closed off.
Leslie July 16, , Clint July 16, , Sarah July 16, , I not only loved the post, I also loved many of the comments. That grad school situation that Naners described made me very jealous!!! StoicOne July 16, , 1: The Utopia seems a bit narcissistic without a better understanding of speech and obligations to others that derive from what we share. Kaytee July 16, , 1: This might be a good jumping off point and learning experience for the BU.
Walk in their shoes. Wow, that badass utopia looks like a place I would want to live in. I will make a few additions to what would make this utopia even better.
The first is a society with less emphasis on accumulating stuff most of which ends up never being used and taking up space in an oversized house and more emphasis on experiences instead. While the idea of saving up as much as possible makes sense, how about a shorter work week for people who need less money than when younger but still want to work some?
I would gladly work a 20 hour week, or for only part of the year. Sean July 16, , 1: Cline July 18, , 9: John Everett July 16, , 2: If we can do this, the rest will happen on its own. July 17, , 1: If philosophy is not a science, how would the questions that are raised by philosophy be answered?
How would the purpose and meaning and goal of this utopia be established? Insourcelife July 16, , 2: Unfortunately there are always a few asshats and douche rockets that ruin all the fun. Mother Frugal July 16, , 2: Benjamin Black Perley July 16, , 3: Dividend Mantra July 16, , 7: You were in Montreal! Well, I hope you had a great time. Love the blog, found it somewhere on the intertubes and then went and read the whole damn thing.
Bluesky July 16, , 7: I turned 39 myself last week. Cats Eye July 16, , Classic Greek lit discusses how their society headed downhill. The wise culture of India predicted deluge and destruction of the universe as a part of cosmological cycle. Maverick July 17, , 4: Was thinking the same thing but along the fall of the Roman Empire.
Money Mustache July 17, , 8: Well, in thermodynamics, entropy just tells us that order decreases in a closed system — including the whole universe. But in an open system where you add energy, it can increase forever.
The Earth is one of these systems, because of the giant beam of sunlight hitting us at all times, which is why life continues to evolve and even create its own fancy bits of organized non-entropy. As for your transportation example: It is fine to chop down the odd tree to make a violin, because our continued flow of new sunlight allows us to grow more wood quite quickly.
Horatio Spifflewicket July 17, , The bicycle may be less than Carnot efficient. It just has to be better than walking. Gerard July 17, , 8: This device uses wheels, so that more energy is turned into forward momentum rather than pounding into the pavement..
And the wheels are narrow, to reduce rolling resistance. Thermodynamic entropy must always increase, but informational entropy has nothing to do with thermodynamic entropy. For a fantastic explanation of the difference, check out the eminently readable article at Do the Math: Consider an apple tree.
It is constantly increasing order by bringing C, H, O, and N together to make the tree structure. It also makes great fruit year after year — each apple is an amazing increase in order of the elements that were used to make it. Does this violate the 2nd Law? The energy came from the sun. If you consider the universe, the entropy is increasing due to the constant burning of the sun but in the local area of the earth the apple tree is decreasing entropy. Your land use argument loses power when you consider that the sun is already lighting up the desert.
People just have to convert a fraction of energy that is already available. Essentially you are presenting an economic argument instead of a scientific one. And as we all know, economic reasons can change quite suddenly. Spoonman July 16, , I knew it was only a matter of time. John A July 17, , 1: Maybe a reader case study …. This is a life-changing blog, and I am so glad to have found it.
Bizarrely, it was featured in an article here NZ on a major news site. Money Mustache July 17, , 7: You should award yourself a Mustachioed avatar photo to show your seniority, as is the tradition around here. Golden July 17, , You guys are great value. Jen Scaffidi July 19, , 5: Today was also the day I forwarded some links to my dad. Cline July 17, , 4: I actually have thought about doing something like this if I win the Powerball Lottery.
I have never bought a ticket but I guess my chances are just as good as if I did. I would buy up the entire inner city of one of the many local small towns that used to thrive when NC was king of tobacco and textile and a big house was sf.
When I do I will buy a lottery ticket. David April 28, , 9: Sure seems like it when reading that portion of the book! Andrea July 17, , 8: And in my utopia there are no schools. Children learn real things from the adults all around them and have time to find their own real passions.
Otis July 17, , On that note, you could invest in adventure companies, which would certainly become quite the rage. Survival camps, snowshoe tours, surfing instruction….
Pretired Nick July 17, , My favorite article of yours so far, MMM! Of note, one of the fundamental components of building a better society is to strengthen the concept of the Commons.
America has largely lost its way on this. We have chosen yards over parks, cars over transit, private book collections over libraries, a corrupt health care system over socialized health care, and even a private mercenary force over a civilian-controlled army. Derek July 18, , 4: Kevin July 17, , The market produces and consumers chase often to their detriment luxury and status goods for a reason.
Social capital is the only currency that counts, and conspicuous consumption of luxury is ironically one of the cheapest and fastest ways to build it, based on our evolutionary impulses. Those of us who shy away from such things are trading social status for iconoclastic goals. That has to be recognized.
Mustachianism is a tradeoff between self-satisfaction and high status. You will never be able to suppress the impulses of the people who make the tradeoff in the opposite direction, and that needs to be acknowledged, in my opinion. Alex July 18, , 7: There is an opportunity cost in NOT developing relationships and helping others.
Humans are one of the species that evolved with cooperative group behaviors, and in general, social relationships are ingrained in our biology.
In nature, individualism within a group can be called cheaters, which are treated harsly by selection. Spending the precious time and effort to help others DESPITE maintaining that success displays strength—they do it because they have too much awesomeness for just themselves. It can happen anywhere on the continuum in biology, but evolution is not done—it is ongoing. The difference is that humans have a choice and can consciously move in one direction or another.
Kevin July 22, , One of the things that capitalism has done is decouple money from time. It is no longer required to expend effort in work to make money to purchase status goods. With money so much easier to come by than strong personal relationships based on the above , the impetus has moved towards status goods and consumption as the primary driver as it is the most abundant form of social capital.
Money Mustache July 20, , 1: I tend to think of it as the reaction to severe deleveraging of the economy and deflation, as opposed to a bigger macro trend: There is just too much money floating around for the average person to want to sustain a frugal lifestyle.