"Government is not only a protection service; it is also a protection racket. While government provides protection against violence originating with others, like the protection racket it also charges customers for protection against harm that it would otherwise impose itself. The first action is an economic service. The second is a racket.In practice, the distinction … Continue reading The Sovereign Individual
Banks, central banks, reserve banks - and Bitcoin. They all exist because human beings - individuals like you and me - cannot be trusted. (And because we are greedy, envious and have no self control or patience.) Money is not so much the root of all evil, as evil is the root of all money. … Continue reading Evil is the Root of all Money
https://medium.com/@homakov/stop-calling-bitcoin-decentralized-cb703d69dc27 "Governments of the Industrial World, you weary giants of flesh and steel, I come from Cyberspace, the new home of Mind. On behalf of the future, I ask you of the past to leave us alone. You are not welcome among us. You have no sovereignty where we gather. We have no elected government, … Continue reading Blockchain and the civilisation of the mind
It has been said that the Internet never forgets. But the blockchain really never forgets. With current Internet, although difficult, it is at least theoretically possible to have your secrets, once exposed, removed from the World Wide Web. There are digital detectives and privacy law firms who, for a mere $50,000 and $300,000 per "project" (plus a "small" … Continue reading The blockchain never forgets…
"How the technology behind Bitcoin is changing money, business and the world." The book's blurb is on the money. The Blockchain technology behind bitcoin is revolutionary. Beyond the ICO bubble and the global crypto mania craze, hype there are some really interesting ideas taking shape and shaping the future. Essentially, the Blockchain is the new - smart, distributed … Continue reading The Blockchain Revolution
“The first thing we do? Let’s kill all the lawyers.” ~ Vitalik Buterin Don't be fooled by the unicorn-llama-rainbow-UFO shirt. Vitalik Buterin, the polymath, polyglot, wunderkind of the crypto-economy - and founder of the 30 billion dollar smart-contract network Ethereum knows exactly what he is doing. Killing lawyers. Vitalik saw the potential to build off … Continue reading “First thing we do? Let’s kill all the lawyers.”
That's a question I get asked almost everyday. To answer in short? Do as Warren Buffett does. Only invest in things that you *fully* understand. And even then, only invest with money you can afford to lose. (I'm talking to you, people who sold their cars in December 2017 to buy into Bitcoin. You know … Continue reading “Should I invest in this Bitcoin thing?”
The blockchain makes Bitcoin work. It could make a few other things work better too. Here are just three ways the future is about to get a lot more interesting thanks to this deceptively simple technology: (FYI, Bitcoin itself, as in the currency, is a wonderful way to move your money around the world without … Continue reading Blockchain of all the things
I'm a huge fan of Terry Pratchett's Discworld series of books. In this fictional universe the gods get their power and divinity through the belief of their believers. The more believers the god has, the more powerful the god. But when their believers stop believing in them entirely, the gods disappear. This belief/power dynamic is … Continue reading The power of belief
