World Views and moving forward

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Amigoo
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Re: World Views and moving forward

Post by Amigoo » Tue Nov 21, 2017 10:12 pm

:( Re: http://www.dailymail.co.uk/news/article ... owner.html

With different delivery persons now (and because of the holidays), extra caution is important :!:
Will the delivery person be able to force their way into your home after you open the door?

:o Notice that the accomplice is hidden from the CCTV camera until he appears and shoots!

Safer option:
Ask for the delivery to be left at the door, then get it after they leave (if their leaving is certain).

;) ;) Or just let them enter with their own key* when convenient:
* http://www.independent.co.uk/life-style ... 19566.html

Rod :rambo:

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Re: World Views and moving forward

Post by Amigoo » Thu Nov 30, 2017 5:52 pm

:sunflower: Re: http://www.survivaldan101.com/off-grid-refrigeration/

"A simple cooling device used in third world countries is the pot in a pot. The bottom few inches of a clay pot is covered with sand then a smaller clay pot is set inside the first one. The area between the two pots is filled with sand to the top. Water is poured into the sand until it is completely saturated then food is placed in the inner pot and a lid is placed on it. Evaporation will cause the inner pot to remain cooler than the outside air helping to preserve the food."

:idea: Tip: Large porous pots are sold at nurserys, et al. and playpen sand is also available.
"Cooler" should be placed outside where breezes will cause evaporation (don't place it in the sun).
In freezing weather, you may need to heat the "cooler". :roll:

;) ;) Reducing the need for refrigeration is good planning
(by more usage of food items not requiring refrigeration).

Rod :D

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Re: World Views and moving forward

Post by happyrain » Fri Dec 01, 2017 5:45 am

Rod!
Cool! And awesome website! Survival Dan :D
:hithere :bike: :roll

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Re: World Views and moving forward

Post by Amigoo » Fri Dec 01, 2017 12:33 pm

Re: https://www.investopedia.com/terms/b/bitcoin.asp

:stars: The reference to "mining" is so surreal :!:
... since Bitcoins (as all digital currency) are simply unique strings of numbers
... stored "in the cloud" and requiring massive computer power to generate
... but are attracting huge investment dollars (aka "REAL money"). :shock:

:cheers: Digital currency seems great for secure financial transactions,
but as investment, "Where's the beef (commodity)?" :roll:
And the owner NEVER gets possession of this digital thing -
just the authority to use it in a transaction. Too surreal :!:

BC investor ;) ;) , do you know where your cloud is?

Rod :rambo:

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Re: World Views and moving forward

Post by happyrain » Fri Dec 01, 2017 1:20 pm

Stock for Bitcoin went down yesterday. It’s a great investment a forerunner for paperless. The govt wants us paperless and to implant tech in our bodies that allows us to pay among other thins... “ease of access.” I’ll stick to gold, silver and ammunition. Back to survivor dan 101! :bike:

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Re: World Views and moving forward

Post by Amigoo » Fri Dec 01, 2017 7:34 pm

"Where's the beef (commodity)?"
Re: http://investmentwatchblog.com/bitcoin- ... s-futures/

"The expert said the surge of bitcoin is connected to the huge amount of cash that has recently entered the crypto market."

:idea: Apparently, the investment "thing" is the increasing pool of money,
therefore it's an ongoing lottery :!: Pick a few good numbers! :roll

... or a modern, ongoing cakewalk* where "strutting" is symbolic,
relating to popularity of the dance (aka "stock price increase")
* https://en.wikipedia.org/wiki/Cakewalk

Rod :rambo:

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Re: World Views and moving forward

Post by Amigoo » Fri Dec 01, 2017 8:54 pm

Re: https://en.wikipedia.org/wiki/Cakewalk

:scratch: Something caught my attention about "slavery" and its relation to "cakewalk".
When considering bitcoins as a no-commodity investment with wild fluctuation
in the prices of these "crypto currencies", slavery is better understood:

:idea: Real money is exchanged for ownership of bitcoins, but that exchanged money
does not disappear when the bitcoin prices drop - that money is still somewhere.
Since these transactions are sans commodity, the price drop is simply
a transfer of wealth, sometimes leading to financial slavery :!:

:cheers: Pick a few good numbers ... and be among the first to exit
before the cakewalk music stops. ;)

Rod

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Re: World Views and moving forward

Post by Amigoo » Sat Dec 02, 2017 3:45 pm

therefore it's an ongoing lottery
Who knew :?: :!: Like a lottery, the Bitcoin winnings (capital gains) are taxable (in the U.S.):

Re: http://investmentwatchblog.com/bitcoin- ... olatility/

"Essentially, Bitcoin works like digital gold: it can be used to settle debts, and it has a finite limit. But Bitcoin differs from gold in one key respect: it has no intrinsic value."

"Bitcoin isn’t a currency, and hasn’t been one since 2014 when the Internal Revenue Service deemed Bitcoin to be an asset rather than a currency with Notice 2014-21. Ergo, every time a Bitcoin changes hands a capital gains disposition is triggered for US tax purposes — the same thing happens whenever someone sells a stock or a house."

:scratch: Maybe a loss becomes a tax deduction :?:

Rod

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Re: World Views and moving forward

Post by Amigoo » Thu Dec 07, 2017 4:53 pm

About Bitcoins and bitcoins (aka "alternate cryptos") ...
Re: http://investmentwatchblog.com/67-milli ... ho-did-it/

:bana: Interesting discussion about bitcoins' ("crypto currencies") vulnerability.
"who did it" is identified only by a bitcoin number (owners are anonymous)
... and highlights the unique tracking of every bitcoin ... always. :roll:

Contrast this with the fact that the current location of dollars (have unique serial numbers)
is not kept in a superdatabase :!: which means that bitcoin technology is poised to track
every financial transaction of every user of bitcoins. ;) ;)

Rod :rambo:

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Re: World Views and moving forward

Post by Amigoo » Fri Dec 08, 2017 4:58 am

Re: http://investmentwatchblog.com/bitcoin- ... -collapse/

"Bitcoin speculation has now clearly reached the level of a 'digital tulip bulb mania' that’s going to end catastrophically." :shock:

:idea: Quick analysis: Bitcoin Is now undeniable speculation :!:
"Buy low - Sell high" (and don't risk what you cannot afford to lose) ;)

Note: Article is about Bitcoin, the product, but other bitcoins (crypto currencies)
exist and are experiencing similar wild speculation. :roll:

Rod :rambo:

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Re: World Views and moving forward

Post by Amigoo » Sat Dec 09, 2017 1:58 pm

Re: https://www.ft.com/content/fe08d06e-db4 ... a258aa73e0

"As of today, the sole legitimate reason to buy bitcoin it is to sell it later for a higher price."

Re: https://www.usatoday.com/story/tech/col ... 933944001/

"The most vulnerable part of any Echo unit is its microphone, which absorbs all the sound in the room and may compromise your private conversations if the machine picks up the wrong words." ;)

... which hints that a visitor will soon need to inquire if Echo is present in the room (or listening space).
... or the government might require a "Voice Monitoring" sign be posted at the entrance to such rooms. :finger:

In the U.S., legal precedence for Voice Monitoring signs already exist: https://www.aapsonline.org/judicial/telephone.htm
Voice monitoring is similar to telephone recording (laws apply by state), especially if Echo records what it hears. :shock:

Hmmm ... "Alexa, buy more bitcoin today." might reward with very enlightening karma. :roll:

Rod :rambo:

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Re: World Views and moving forward

Post by Amigoo » Sun Dec 10, 2017 3:58 pm

:hithere More about the phenomenon called "bitcoin" ...

Re: http://coinstocks.com/the-best-way-to-i ... -bitcoin2/

"The biggest disadvantage right now is that many people understand the stock market but the masses still have yet to grasp the opportunity with cryptocurrencies like bitcoin or ethereum."

Re: http://coinstocks.com/one-cryptocurrenc ... nsumption/

"The money they raised will be used to install high-powered computers at hydropower plants, where they will be able to mine new cryptocurrency at a cheap price, using renewable energy sources. This will effectively make the price to mine cryptocurrency much lower, as well as reduce the environmental impact that the energy consumption has."

:idea: Analysis: A new industry (bitcoin mining, selling, and buying) already so massive and worldwide, yet only about very unique numbers (the "coins") that so many people want to own ... only because other people want to own them, thus providing tradeable value via competition. The surreal part of this industry is that bitcoins are just digital numbers (the "currency"), backed only by human desire to own them ... often with quickly developing greed to possess more and more as the tradeable value rises.

A surreal "mark of the beast" moment in world history? :shock: The lemmings will be numbered first ... apparently.

:roll: ... but those lemmings are mostly myth:
https://www.smithsonianmag.com/smart-ne ... 180953475/

"But the mortality can be chalked up to overenthusiastic predators, competition for resources and fatalities from failed stream crossings."

:!: However, "overenthusiastic predators" and "competition for resources" might still describe the bitcoin mania. ;)

Rod :stars:

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Re: World Views and moving forward

Post by Amigoo » Sun Dec 10, 2017 4:48 pm

:hithere Even more about the phenomenon called "bitcoin" ...

With the decimal digits of Pi now in the trillions* and no repeating patterns (when more digits are selected), Pi might provide low-resource mining for an altcoin called TastyBits. :lol: Add and/or substitute letters for some numbers to create cryptocurrency uniqueness, then hashit (or whatever) to verify the uniqueness for the blockchains.

* https://www.newscientist.com/article/21 ... er-before/

Rod ... :bike: ...

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Re: World Views and moving forward

Post by Amigoo » Mon Dec 11, 2017 5:22 pm

:hithere "Bitcoin Futures Begin Trading – Let The Madness Commence!"

Re: http://investmentwatchblog.com/bitcoin- ... -commence/

"Fortunes are being won and lost outside of the control of the global central banking system,
and this has got to be driving the central bankers absolutely bonkers."

Without a doubt, fortunes have been made (and lost) in the short history of bitcoin
... and all because of non-physical resources called "cryptocurrency". :roll:

Analysis: Bitcoin is the world's premier concentrator of wealth :!: Like a lottery (gambling),
some "investors" will win BIG TIME, but many will lose (never lose borrowed money). ;)
Tip: "The house always wins!" Who owns your house :?:

Rod :rambo:

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Re: World Views and moving forward

Post by Amigoo » Tue Dec 12, 2017 4:39 pm

:hithere Bitcoin yada, yada yada ...

Re: https://www.theatlantic.com/business/ar ... le/547952/

"Bitcoin is turning into a gaggle of greater fools. Retail investors are jumping into the market to buy bitcoin, in the expectation that they will be able to sell their investments for cash to some other sucker later on." :finger:

"Approximately 1,000 people own 40 percent of all bitcoin in circulation ... if a handful of them sell even a small portion of their shares, it could dramatically move bitcoin’s price, potentially triggering a massive correction, as retail investors (who only bought in because the price was going up) try to sell en masse to avoid losing all of their money." :roll:

"There is an upside to this concentration, however, which is minimal contagion effects. If the bitcoin bubble crashes, it likely won’t spill out into the general economy, like the subprime mortgage crisis did one decade ago."

:o Au contraire, methinks - spill it will because the losses of retail investors might cause small business distress which will affect the economy BIG TIME. And investing in a non-material product (unique digital numbers only having value related to their popularity) simply because the price is rising so fast, introduces unbelievable vulnerability into financial circles, private and public :!:

Rod

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Re: World Views and moving forward

Post by Amigoo » Tue Dec 12, 2017 7:11 pm

:hithere About Artificial Intelligence (AI) ...

Re: https://qz.com/1146753/ai-is-now-so-com ... decisions/

"But there’s a core problem with this technology, whether it’s being used in social media or for the Mars rover: The programmers that built it don’t know why AI makes one decision over another." :roll:

:idea: First thought: AI is getting very close to modeling physical functioning of the human brain, but cannot "program" the inherent overcontrol of spirituality (God, angels, midwayers, spirit forces, etc.) - overcontrol that explains why human brains and AI will always function differently in areas where spirituality has ultimate power and authority. ;)

Rod

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Re: World Views and moving forward

Post by Amigoo » Thu Dec 14, 2017 3:44 am

:hithere TMI^2 information about bitcoin ...
Wild 'n crazy surfin" (all afternoon!) for Bitcoin 101:

~ Blockchain topics ...

How does a blockchain work - Simply Explained
https://www.youtube.com/watch?v=SSo_EIwHSd4
How Bitcoin Works Under the Hood
https://www.youtube.com/watch?v=Lx9zgZCMqXE
Ever wonder how Bitcoin (and other cryptocurrencies) actually work?
https://www.youtube.com/watch?v=bBC-nXj3Ng4
The Blockchain and Us (2017)
https://www.youtube.com/watch?v=2iF73cybTBs

~ Bitcoin topics ...

Bitcoin: How Does it Work? (Roger Ver Interview)
https://www.youtube.com/watch?v=N6NscwzbMvI
What is Bitcoin? - The Bitcoin Gospel | Bitcoin Documentary
https://www.youtube.com/watch?v=mVM67wASG_o
Bitcoin Documentary by Discovery Channel (start at 13:15)
https://www.youtube.com/watch?v=a8SDnI3fNl0
The Best Documentary Ever - The Bitcoin Phenomenon
https://www.youtube.com/watch?v=IMJmd_tNhlM

~ Bitcoin problems ...

Bitcoin Problems - Computerphile
https://www.youtube.com/watch?v=s2XHyzPA9Zc
Scaling Blockchains - Computerphile
https://www.youtube.com/watch?v=4CdO0olVfAA
Can Blockchain Solve Its Scalability Problem?
https://www.youtube.com/watch?v=LxuLhPtIiHA

~ Bitcoin summary (IMO) ...

Think of a bitcoin blockchain as a paper cash register tape with a beginning and no end.
In my 20 years of banking IT, a blockchain would represent a daily (typically) stream
of transactions that accumulate into private accounts, then the stream is archived.
In the bitcoin world, the daily stream began on Day 1 and has never ended!

This unending block chain design begs future problems (IMO) and the processing
required (via encryption, nodes, etc.) seems to explain why bitcoin's transaction-
per-second rate is MUCH less than Visa's or Mastercard's, for example.

Bottom Line: Blockchain technology must keep improving ... and governments
are probably ready to challenge bitcoin's transaction anonymity (think "taxes", etc.).

Rod :stars:

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Re: World Views and moving forward

Post by Amigoo » Fri Dec 15, 2017 7:11 am

:hithere EZ Rule of Thumb about bitcoin ...

Today's perspective: Because of speculation volatility,
consider bitcoin investing as "taxable gambling" ...
proceed with your tolerance for gambling risk. ;)

Rod :rambo:

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Re: World Views and moving forward

Post by Amigoo » Fri Dec 15, 2017 9:59 am

Re: https://www.worldcoinindex.com/
Convenient ticker price display for 100 bitcoin exchanges

Today's analysis: OMG :!: Such complexity (and risk) to buy/sell/exchange bitcoins!
Many people already have bitcoin fever! and are investing LOTSA real money
(which explains $milllions & $billions of market capitalization :roll: )

:shock: All this investment and busyness about digital numbers - not a physical product :!:
One could believe that a "dark force" created the phenomenon to drain money
from the world's financial system and concentrate it in fewer hands ...
since this bitcoin mania will eventually end. ;)

Rod :rambo:

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Re: World Views and moving forward

Post by Amigoo » Fri Dec 15, 2017 10:59 am

:idea: Speaking of bitcoins, "dark force", and wallets ...

Owners of bitcoin (unique digital numbers) never have possession of it - just codes (public/private keys) that directly associate with the unique digital numbers that are stored in computers online ... and the promise that one's keys will always have access to the bitcoins they own. :finger:

:roll: Downside (IMO): the keys are worthless if the bitcoins somehow disappear (or are stolen, etc.). "Smoke and mirrors" comes to mind ... since it may be easy to "disappear" digital numbers ... when the time is right. In contrast, physical investments (gold, silver, land, artwork, - even physical currency) cannot disappear as easily as this digital stuff. ;)

Rod :rambo:

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Re: World Views and moving forward

Post by happyrain » Fri Dec 15, 2017 12:50 pm

Watched a video on this the other day:
Keep a computer offline,

https://en.bitcoin.it/wiki/Cold_storage
Cold storage in the context of Bitcoin refers to keeping a reserve of Bitcoins offline. This is often a necessary security precaution, especially dealing with large amounts of Bitcoin.
For example, a Bitcoin exchange typically offers an instant withdrawal feature, and might be a steward over hundreds of thousands of Bitcoins. To minimize the possibility that an intruder could steal the entire reserve in a security breach, the operator of the website follows a best practice by keeping the majority of the reserve in cold storage, or in other words, not present on the web server or any other computer. The only amount kept on the server is the amount needed to cover anticipated withdrawals.
Methods of cold storage include keeping bitcoins:
On a USB drive or other data storage medium in a safe place (e.g. safe deposit box, safe)
On a paper wallet
On a bearer item such as a physical bitcoin.
Use a offline Bitcoin Hardware wallet

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Re: World Views and moving forward

Post by Amigoo » Fri Dec 15, 2017 5:20 pm

:cheers: Yes, offline cold storage is a very good way to protect bitcoins ...

but this protection is for public/private keys - not the digital bitcoins
... which reside in unique blockchains on computer servers.

:idea: A "something's wrong with this picture" moment occurred
when I vewied a video showing that a hardware wallet can be
hung around your neck like jewelry to impress others. :roll:

Rod

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Re: World Views and moving forward

Post by Amigoo » Fri Dec 15, 2017 9:51 pm

Re: https://www.reuters.com/article/uk-eu-m ... SKBN1E928M

Bitcoin transaction anonymity will stop (in the EU) within 18 months if this legislation passes.
Thus, governments will be able to monitor bitcoin transactions (even for taxing purpose). ;)

Rod

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Re: World Views and moving forward

Post by Amigoo » Sat Dec 16, 2017 3:51 am

:roll: Speaking of bitcoin wallets ...

Re: https://en.wikipedia.org/wiki/Bitcoin#/ ... ddress.jpg

This "printed wallet", a public key of one bitcoin (stored online in a computer server),
hints of "smoke and mirrors" subtlety to make others believe that it's printed money. ;)

:idea: It seems printed "medium of exchange", printed by the owner and could be forged (IMO)
... but would be discovered as forgery if someone attempts to spend it :!: Bitcoin wallets
cannot be "spent" except by transaction protocol involving online bitcoin exchanges
using blockchain technology. ;)

The printed psuedo dollar (IMO) might be considered a receipt for a real dollar
(the digital bitcoin that is ALWAYS stored online). Besides, the private key does
not appear on this pseudo dollar but is required to spend it (via protocol). :roll:

:lol: A printed wallet has no transaction value without knowledge of its private key,
suggesting that printed wallets could be arranged as artwork, sold for real money
(as artwork), and still not cause transfer of ownership of the associated bitcoins.

Rod :meds:

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Re: World Views and moving forward

Post by Amigoo » Sat Dec 16, 2017 1:44 pm

A printed wallet has no transaction value ...
:bana: ... and suggests bitcoin humor:

Since the wallet cannot be spent (without private key) ...
and a printed wallet could look like printed currency ...
:lol: "Have your cake and eat it too" comes to mind!

Idiomatic proverb for a new HYCoin bitcoin? :roll:

Rod

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