What Backs Bitcoin?

First, I want to say that I’m not a fan of the Central Banks.  I would love it if Jamie Dimon and his ilk were hung up from every telephone pole in the nation.

That said, I’m not sure if Bitcoin is the Silver Bullet to kill the behemoth which is the central banking system.

In 2011 I bought Bitcoin for around $71 each.  Fast forward to present day and now everyone knows about Bitcoin and it is featured in the news.

I have used BTC to buy illicit goods from dark markets.  I could use it to buy legal stuff but presently not many vendors sell legal stuff in exchange for BTC.  Furthermore, my debit card handles transactions more efficiently and with more added protections than Bitcoin.  Actually, I’m not sure there are any protections with Bitcoin.  After a while, I realized that personally, Bitcoin is really only good for buying illicit goods or getting through censorship like the debacle with Wikileaks donations.

I am not sure about the intrinsic value of Bitcoin.  Some people would say the network or the math that goes behind processing each transaction.  BTC is using a large amount of electricity.  I am starting to think that the value of Bitcoin is tied to the belief that it will increase in the future.

Some people think that Bitcoin is going to hit $200,000 to $1,000,000 dollars.  Other people like The Dollar Vigilante, the faux-anarchist, believe that is going to result in the end of the Nation State.  My cousin believes that the United States stock market is going to tank to zero and that the only asset worth anything will be Bitcoin.

My point is the value is purely speculative.  I treated this as a gamble and an experiment.  I know that a significant amount of people are investing money they can not afford to lose into this technology.

I am not sure how much Bitcoin is going to be worth in the future.  However, I get really annoyed when I talk to people who “know” the value of Bitcoin in the future.  When they start opening up their mouths it seems like just another pump and dump pyramid scheme that has ever come along.  Talking to these people is like addressing religious fanatics.

Litmus Test on Parenting

I’ve decided on a litmus test on whether certain people I know pass or fail at being a parent. It’s quite simple. Here it goes:
If your child has a lower standard of living compared to how you did as a child YOU FAIL.
If your children has to join the US Military to attend school, obtain house, or get medical and dental care…. YOU FAIL.
If you outlive your child and they die due to reasons of poverty like living in a bad neighborhood and unable to leave and they get shot to death… YOU FAIL
If your child goes to prison and spends multiple years there as a felon… YOU FAIL.
If your child has children early on in life and that causes them and your grandchildren to live in poverty for the rest of their lives…YOU FAIL!
If your child is able to participate in life and move upwards in a higher bracket of income living and has a high quality of life… YOU WIN.
Looking back at my family members many have already failed. I’m looking at the new childbearing members of my family to not make the same mistakes their previous generations made, but you know people when did they ever learn from the past

Why Am I No Longer Conservative Anymore

At the tender age of twelve, I identified myself as a Conservative and right-wing Republican.  See, I was watching Orange County television every night.  I tuned in to see Wally George, a precursor to the modern day Bill O’ Reilly and Sean Hannity.

I was very impressionable at this page.  I would watch Wally bash homosexuals, proponents of marijuana, and basically anyone who disagreed with Reagan-esque America #1 type politics.  I would chant “SICK SICK SICK” along with his drunken audience.

At the time I was attended Robert Fulton Middle School which is full of minorities.  There was a large latin and black gang presence at the school.  I basically thought I was going to school with future criminals, and to be honest I probably was.

Basically, I had a lot of frustration and other people seemed like a scapegoat.

Later as I was exposed to different people I eventually grew out of this phase.  Of course by the time college arrived I was more independent-minded and less likely to identify with conservatives and their rhetoric.

However, I think my experience at twelve years old gives insight into how the modern day conservative thinks and what the motivations are behind their views.

I can’t be conservative because I really that life is not a simple black and white anymore.  As a matter of fact, nothing in life is really that binary.  Even nature and gender does not cut things right down the middle often mixing the different sexes with each other.  It’s humans who created this dichotomy of pure male and pure female.

I definitely use cannabis, am for equal rights for women, and am accepting of homosexuality.

My views are more science based on studies, data, and statistics.  I am not hyper-nationalistic like a lot of conservatives.  As far as other minorities go I at least can understand a little better the predicament of the neighborhoods and the people in the past I had so much disdain towards.

I can not be a conservative because it’s basis is in rhetoric which is not readily proven by facts.  Even worse, I believe most of their beliefs come from the Christian Bible!

I do believe that most conservatives have a very low intellect.  Thankfully my intellect grew as the years went by and I was able to rationalize my way out of conservatism.

Finally, I have to say the spectrum of different people I have encountered throughout the years has kept me away from conservatives.  I have learned that there is no one superior culture or outlook on life.  Conservatism requires you to fear the other and become very xenophobic.  I usually find that people heavily steeped in conservatism also happen to be very racist or have a problem with certain groups in society.

I have evolved past conservative rhetoric.  I think most other conservatives have had their growth blunted.  Perhaps their emotional and intellectual abilities stopped developing around adolescence.  I’m not sure.

Looking back at the past I was a chimpanzee or a monkey.  Perhaps I was a one-celled creature without even a brain.  Today I look at myself and see myself striving close to Ubermensch.  Not quite there, but evolved past a large segment of society where few people get to make it on their journey.