Tag Archives: Bitcoin

Climbing the Bitcoin Volcano

“Yeah, we’re probably safe,” my Czech friend Voltech said in his soothing peace-filled voice as we hiked Volcan Tunguahua outside the town of Banos in Ecuador.

He had this almost sing-songy tone, smoothly undulating up and down as he talked.

His words reminded me of what a tour guide once told me, “We always say the Volcano is sleeping, not dormant, because she can always wake up.”

Hiking up a volcan, versus a regular mountain I’ve found can be more steep because of the way it was created. Instead of tectonic plates pushing against each other, tilting each up at angles, the internal combustion of the volcano creates a steep cone. And this one had that sand at the top from the volcanic dust that made for a one step forward, two steps back sliding.

And there’s always a chance, while slim, of the “dormant” volcano erupting and killing us where we stand.

And every time bitcoin erupts, whether that’s from .10 to 1.00, or $10 to $100, there are simultaneous shouts of “heading into bubble territory!” And: “This is how it all ends!” Comparing charts between the tech bubble and now bitcoin.

I understand the reasoning behind these comments and fears, and am conscious of the gambler mentality that says: this time it’s different – saying anything to justify the rise.

But really: this time it’s different.

Let me explain.

Bitcoin has been described mainly as two things:

  • A storage of value, like digital gold
  • A digital currency

But there are some differences inherent in Bitcoin that really say, “This time, it’s different.”

  • The only currency not backed by a Government. Decentralized.
  • Worldwide market. Koreans as well as South Americans, as well as Americans can buy and use the same bitcoin.
  • Acts both as a store of value (gold), as well as a currency (dollars).
  • The supply is fixed at 21 million. There are an estimated 4 million lost forever.
  • Currently it is not simple to purchase. Without a simple purchasing mechanism, like an ETF, many people cannot buy in yet.
  • Still relatively unknown
  • Institutional money has just started to enter in the form of futures.
  • ETFs will bring in huge sums of money from people with pent up interest (FOMO)
  • Other altcoins exist which build upon prior generations, moving the tech forward, as well as diversifying

 

Bubble What?

I want to explain something to you, and I want you to listen carefully:

The cryptocoin “bubble” is often compared to the tech bubble, because the tech prices were not based on the valuations of the companies that were inflated. The companies had fake, or to be more kind, “aspirational” valuations.

But the bitcoin price rise is not solely because of the value, or aspirational value it provides, rather it is rising in comparison to the value of the currency and stores of value it is replacing.

There is a wholesale replacement of value, where people are shifting from a devalued fiat currencies with fake “backed by the faith…” value, into a digital currency with real value.

It’s the realization of value away from something that has nearly none.

People believe in the value of crypto, while simultaneously disbelieving in the present and future value of their fiat currency, and even to the inflated valuations of their houses, mortgaging and second mortgaging the inflated value of their homes to buy into bitcoin.

Mania, right?

Wrong.

They’d rather hang their hats on the first fixed resource in existence, something that never increases supply, and that actually has already decreased by 4 million. A digital currency that decreases every day with stories of investors losing their bitcoin keys, or sending to incorrect addresses, or dying without disclosing their wallet passwords, never to be seen again.

A diminishing deflationary currency with actual utility.

People buy and sell things for bitcoin, from cars on craigslist, to clothing and furniture on overstock.com.

Mining bitcoin puts food on the table and keeps the lights on in Venuzuela, and is more real than Venuzuela’s own wheelbarrow money. Meaning you need a wheelbarrowful to buy even the most insignificant of things.

In Columbia, a 2,000 pesos note is worth about 0.69 USD. While the older currency has the full 2,000 listed on the side, the new version of the 2,000 pesos note I noticed deletes the three zeroes, instead showing just “2 Mil.”

But, the currency didn’t actually become disinflated. It’s purely cosmetic, and a mental game. Eventually, they’ll get rid of the “mil” and just leave the “2.”

Voila: magical disinflation!

More with less!

Dollars and pesos and other fiat money are the real “virtual” currencies, not bitcoin. Backed by “faith”, a spiritual money, ghost money if you will. It’s akin to magical thinking, not unlike a child saying “Mama, look, I’m an astronaut!” – while lacking all the training, education and work it takes to be an actual astronaut.

And, historically, the eventual value of every fiat currency is zero. For the first time in the history of the world we have money not backed by anything.

Except faith.

The 2,000 Columbian peso note barely exists at all, not even worth a coffee. And artificially disinflating it by gradually removing any reference to the zeros won’t actually allow you to buy more with less.

Only bitcoin will.

 

The Potential Transfer of Value

Here’s the potential: The total amount of money, or I should say monetary instruments collectively worldwide is around 75 Trillion dollars. Of that, only about $5 Trillion is in actual paper dollars and coins, the rest is in money market funds, long term deposits, other financial instruments, what have you.

The dollar has lost over the years 90% of it’s value – we’ve all been told this. And at 3% inflation, it sounds so low we don’t worry about it. What they don’t tell you is that at 3% inflation you’ll lose half your savings in 20 years.

Bitcoin with its fixed/diminishing supply is unnaturally disinflationary – by design.

With money like that, who wouldn’t exchange dollars for bitcoin?

 

What other way can I convince you?

There are a lot of smart people saying bitcoin is this, and bitcoin is that. If it looks like a bubble and quacks like a bubble, then?

Well, they sound right, they’ve sounded right, and prudent, and smart, and justifiably correct in their assessment every year they declare bitcoin dead.

You’d be silly to buy into this hype!

I can only say you could have bought bitcoin in June 2017 when it was only $2,500, and sold it in December at $18,000 .

Like the in/famous line in Market Wizards says: Would you rather be “right” or would you rather make money?

It took us two days to climb Volcan Tunguahua in Ecuador. One day got us to the refugio shelter, and we attempted the top the next day.

It was a tough hike, and I was completely knackered by the end of it. But it was real, and it added real experiential value to my life. And I look back and am glad I did it.

Funny, weeks before everyone told me that you couldn’t climb it on your own, that you needed a guide. Locals who should know better told us that even the trail was not clear, and if you didn’t know your way you could get lost, or worse. Another was robbed of everything, and it was not safe. Someone even told me a person lost their life on the Volcan last year. And that there was not a whole lot we could do if it suddenly exploded.

Well, we just knew the trail led up, and if we followed it we would get to a mindblowing view of the valley below. And while possible, it wasn’t likely that the volcano would decide to blow that day.

We knew that with just a little investment of our planning, effort, and knowledge of our abilities, we would make it to the top.

And we did.

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Bitcoin and Pablo Escobar

“I’m heading out to the Pablo Escobar tour this morning,” I said to my hostel host Faisal. I could see his struggle to continue smiling. I thought he’d be happy I’d be interested in his country’s history, but I forget that for many, until recently, this was not “history,” this was their reality.

Kidnappings, shootings, car bombings – once 82 bombings in a single month – he terrorized the city. How they were able to recover from this awful period is an amazing reminder of the resilience of the human spirit, as well as the power of public works to transform a city.

…but the memory is still strong.

Our guide said that for many proud Paisans (the name for the residents of Medellin), many would prefer that you forget Pablo, focus on the good that their city has done, and how far they have advanced from those dark times.

At one point, Pablo was so awash in drug money, he offered to pay off the national debt of Columbia – he was that fantastically rich.

This offer was refused. Columbia could not be known for having paid off their debts with drug money.

And, I thought, Pablo would have loved crypto currencies.

Putting the “Crypto” in Cryptocoins
Bitcoin’s blockchain, a kind of open ledger, is secured by miners solving cryptographic puzzles. Solving them validates and transmits the transactions, securing the chain.

Something like that.

But, even though Crypto coins like Bitcoin use cryptography, bitcoin itself is an open ledger, allowing anyone to check on any transaction, even if they were not the ones to initiate it.

Until recently.

Now we have Monero, Verge, ZEN, and ZCash, among others, that anonymize the transactions. It’s known that Monero is the cryptocoin of choice on the darkweb, contributing to its rise.

And Pablo would have exploited the hell out of Monero.

One of the problems for a Cartel was what to do with all the money it generated. The US, at one point, was reportedly running out of $100 bills, because they were all being used for the drug trade in various Central and South American countries.

Bitcoin, and the other altcoins don’t have that problem. A billion dollars and a single dollar use up a not dissimilar amount of bits on the blockchain.

And the new privacy coins mask transactions, both on initiation, and in the transmission.

But who, the critics ask, would need such privacy? Criminals?

My response is that drugs are not the problem. Criminalization of drugs is the problem. And that we should decriminalize all drugs, just like Portugal, and use the money saved on education and rehabilitation, not more guns, and not housing drug users who would benefit more from treatment.

Also, money laundering drug money is not the core issue, it’s the drug appetite of the purchasing users that’s at issue. Massive amounts of money needing to be laundered is a huge symptom of a disease caused by consumption, and the demand created by making it illegal.

Bring this round circle – just because criminals use Monero, doesn’t mean it doesn’t have legitimate uses for you and I.

The Right of Privacy
We all have the human right of privacy.

Take companies such as Equifax, a company we neither gave permission, nor bestowed the right to reveal our credit score and history. A company who’s major job was to keep our information secure, got hacked recently. And then they tried to charge us if we wanted to freeze our accounts.

And Facebook has trained us to accept that radical transparency is a fact, when it’s actually a choice.

The privacy cryptos solve for this problem – we control what we reveal.

Comuna 13, city neighborhood where the Medellin army and paramilitaries killed over 300 rebels/drug dealers. Now is a vibrant area full of colorful artistic grafitti, bringing hope back to an area that needed it so much.

 

 

 

 

 

 

 

 

WeLcOmE TO THE DaRkSiDe
Every new technology brings the dark side. They are even the innovators of a new space, being singularly focussed on exploiting its uses.

Take the internet – some of the first movers on pictures, and fast-streaming video on the web was for porn. One of the first renderings of pictures when all we had were characters were pictures of naked women rendered using different shading and sizes of text characters

And now we have criminals hacking home computers, demanding Cryptocoins to return your data, hiding their gains behind the untraceable Monero coin.

But what is the innovation in that?

Here it is: Absolute privacy, once solely within the purview of the rich and the Trumps is now available to all.

Driven by darkweb criminals, strange bedfellows accidentally championing the basic human right to keep our affairs private.

The Skeptics of Crypto
Looking back on any of the many periods of a huge percentage rise in crypto price brings out the naysayers, the skeptical, the FUD.

Talk of bubble this and tulip that get batted about on reddit et al. But look back a couple years, and see how folks said the same things when bitcoin was $13.30.

At the height of its popularity, Bitcoin was trumpeted as a viable alternative currency for the internet age, a monetary system engineered to prevent theft, gaming, and criminalization. Then came the malware, the black market, the legal ambiguities and The Man. Today, you can’t even use it to buy Facebook stock.

Read more: Wired, Tired, Expired for 2012: EXPIRED – Bitcoin | 99Bitcoins

You either slag Bitcoin, or suffer from irrational exuberance, no in-between allowed. And talk of the ‘only good use for cryptocoins is money-laundering’ is yet another round of FUD.

1st/3rd World Problems
Pablo’s problem wasn’t money, it was too much power. There’s a saying that when one gets power, evil follows soon after.

People during Pablo’s time would attest to that.

He was so powerful that when he needed shelter from his enemies, he built his own “prison” complete with pool tables, wide screen TVs, and whores.

He had tunnels when he needed to visit the outside world, and when he was surrounded by the Columbian army, to escape he simply walked out the front gates.

And the government, the most evil powerful entity would like to know who else is powerful/rich/evil in order to get their part.

It’s confounding to me that the US, a country founded on the rejection of taxation has such high rates. Okay, maybe not for the big corporations, but last I had a paycheck I always saw >30% gone to taxes, fees, et al.

And I am no Republican. Trump disavowed me of that.

Possibly Libertarian/Capitalist in bent, with Socialist leanings.

(What galls me is that, once Trump is out of office, we will likely have to assign a team of secret service agents to protect the sexual harasser in chief. But I digress.)

And, it’s not really the taxation, because I believe we need a safety net for the poor, and dollars for public works that benefit everyone. What I don’t agree with is the amount spent on defense and indefensible wars, enriching the military industrial complex at the expense of the people the defense purportedly serves.

And that’s where I think crypto shines.

If money is power, and cryptocoins through privacy restore the power back to the individual, then true democracy can exist.

And when everyone is a crypto-millionaire, then true change can exist.

‘Cause we will vote with our cryptocoins, and only consensus will rule.

Because wealth has been distributed, and the Geeks shall inherit the earth.

Grave of the criminal Pablo Escobar

 

 

 

 

 

 

 

 

Escobar – hero?

Escobar, our guide told us, was idolized by the poor. He was able to single-handedly get public projects done that benefitted the lower classes when the government had only excuses and delays.

These included 50 football pitches, housing for low income families, hospitals and schools.

https://latintravelguide.com/rise-fall-pablo-escobar

He was loved by the poor, and hated by the middle class and the rich. But if we only invest Central Authorities, and Central Individuals with power, can we trust that evil will not follow?

Or, is it possible we get things done via combined individual efforts, and consensus defined mathematically on the blockchain? Is representative democracy the only way to get things done, or can true consensus governance exist.

Pablo, as an individual, chose to improve conditions for the downtrodden, and sliced through red tape as if it didn’t exist, because for him it didn’t. He took it to heart: he who has the money wields the power. And cryptocurrency puts the privacy, and the power, back in the hands of the individual.

 

 

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The Dream of Bitcoin

Medellin, Columbia, December 12, 2017

“About 50-60% of the people in Medellin do not have a bank account. They take loans out from teenage gang members, who charge 20% per month “tax.”’ And the poor are willing to do this because one: there is no financial education. And two: because they have no other choice.”

That’s what our guide for the Medellin Real City Tours told us. The poor often don’t have a regular job, just sell things on the street. But the system won’t allow them to start an account at a bank for this reason. How are you able to put an “employer” on the application if you sell mangos on street corners? The population of Medellin is around 3 million people, meaning over 1.5 million are what they call the “unbanked”.

Worldwide, 38% of the world’s population does not have a bank account . That works out to 2 billion adults with no account at all. Their bank is literally under their mattress.

A possible solution floated was to allow the poor in Medellin to use the payphone as a bank – enter your account number and put coins into the machine. I thought this was ingenious – but it hasn’t been implemented, nor a date set to start. Better yet: why not use what every single adult already has – a cellphone.

I think we can look towards SubSaharan Africa as an example. “While just 1 percent of adults globally say they use a mobile money account…in SubSaharan Africa, 12 percent of adults (64 million adults) have mobile money accounts…” Imagine now if the banks weren’t huge multi-nationals, but citizens from within their community, keeping the money in the community to benefit all?

My Taiwanese friends were interested in buying Bitcoin, but weren’t able to connect their bank to Coinbase in order to make the purchase. I said, ‘Just give me your money and $5 for fees, and I’ll send you some.’ Which I did.

Then, it dawned on me: I had just become a bank. I received a cash deposit, agreed on a fee, and sent them money/bitcoin.

This is the Dream of Bitcoin: disintermediate and disrupt the Finance Industry. The individual as the bank.

Disintermediation of Banking

“Disintermediation…the removal of intermediaries in economics from a supply chain, or cutting out the middlemen in connection with a transaction or a series of transactions.”
~ Wikipedia

Just look at recent history: what has disintermediated the Taxi industry? Uber.

In every Latin American city I’ve been to I was able to use Uber, arrange my pickup point and where I wanted to go, agree to a set fee, and pay with my phone. I could even set a pickup time in the future. I can even get a limousine-type car with Uber black. Uber wins because it’s cheaper, more convenient and safer than hailing a taxi from the street. And I don’t need to pick up fake paper receipts to inflate the fare for writing off on my company expenses either! I get an email, and it gets recorded in my Uber account.

And now the same disintermediation is happening in the Banking Industry, through Bitcoin, and the other alt coins such as Ether and Ripple. In 2016, the Finance and Insurance Industry accounted for 1.4 Trillion dollars in GDP in the US alone.

Worldwide, the estimated size for the financial industry in 2014 is $13.1 trillion. The Global Market Cap for Cryptocoins currently stands (CoinMarketCap.com, December 12, 2017) at 505,158,081,668, or only around half a billion. Just to give you idea of the scale, the Finance industry is over 1,399 times the size of the Crypto market cap.

When anyone with a smartphone can be a bank – who needs banks?

Well, people don’t have enough money to lend money for a house, right?

Satoshi Nakamoto does.

Satoshi Nakamoto, the sexy and mysterious founder of Bitcoin purportedly owns about a million bitcoins. He could finance a bunch of home loans. And the contract terms could be written in a mathematically precise form, with different term lengths, percentage interest, monthly payment and insurance escrow. And, if the buyer doesn’t pay, then the mathematically constructed contract could determine that ownership reverts to Satoshi – just like a bank. What’s to keep banks in business if the competition is us?

The Teen Gangster Bankers of Medellin
Currently, teen gangsters disintermediate the banks in Medellin. They are the bank of choice for the poor there. But what if a philanthropically inclined individual in turn disintermediates the gangsters, granting short-term loans to friends and family at half the gangster rate of 10%, down from the usurious gangster rate of 20%? He does it through his cellphone, and the gangsters are none the wiser. The poor get to keep more of their money, and the gangsters find something else to exploit.

Now, let’s take this worldwide. There are 15 million millionaires in the world, soon to all have the ability to act as a bank. There are only an estimated 14,600 banks in the entire world.

Remember the Great Recession? Too Big to Fail? Well, now We The People don’t need to bail out an institution anymore. Nor do we need any of such size.

But, what about the World Bank, and bailouts for countries such as Venezuela or Greece? Well, why not have a sorta ICO, but scaled for countries? Negotiate the terms of repayment, mathematically formulate the agreement, and let individuals – not countries, decide. Why should a “Germany” decide that an entire generation of young Greeks shall for a period no less than X years have no economic opportunities? The Greek diaspora worldwide is estimated at 7 Million, 1.3 million in the US alone.

Imagine a sorta bailout ICO, with repayment terms as a percentage of the total “investment” voted on by the bitcoin wallets of the individuals that are willing to participate? No expensive infrastructure to maintain, no impressive office buildings and helipads. Just individuals voting with their wallets.

Nations fall, individuals rise again. Democracy is messy, yet Crypto is ruled by consensus. The lesson of Segwit taught us that.

The Wisdom of Crowds, or Rule by Mob?
That’s the fear, isn’t it? Well, what are nations states anyway? We have a representative government, which has carved up districts in a way to benefit one side or the other. Which has led to things like the creation of National Parks to protect our shared natural resources…and the election of a serial sexual harasser in chief. Wars, both electronic and actual have plagued us as a nation.

But, if there’s anything that travel has taught me is this: while nations create enemies and justify wars, the vast majority of individual people within those countries are good and kind people willing to give the shirt off their back. They live and let live, and if someone needs help they will lend a helping hand.

Medellin was admittedly a basket case of a city back in the bad-old-days of Pablo Escobar. Now, tourists are making their way back, even taking tours of the city that explain the events during the reign of terror of Pablo, and to his eventual death. And how the city has recovered in a way that makes it not just a safer city, but a desirable one.

Their problem wasn’t even of their own making. Worldwide demand for cocaine led to Pablo. The country didn’t benefit, they just got all the shitty parts, like crime, murders, and government corruption.

No one would blame them if they held a grudge against countries that purchase the powder that contributed to such violence. But, every time I am asked where I am from, I tell them with a smile ”Soy Estadounidense.” I am from the United States. And sometimes: “Soy Junkie!” which in Espanol sounds like “I am a Yankee!”

And they go, “Ahh…” and smile back. Because their country has come so far, even tourists from the States want to visit.

The Aftermath
And what happens when the Banking system crumbles, and Bitcoin rises and rises again to take its place? When the Insurance Industry is crowdsourced, and National Debt is wiped clean by the proud people from that nation? When individuals assert their power and vote with their BTC and ETH wallets?

My view is that a sort of of democratic capitalist socialism will take hold. It will be messy, and there will be disagreements, but ultimately, I think great good will evolve from it.

Because, to paraphrase a line from one of my favorite science fiction movies: The needs of the many outweigh the needs of the few, or even the one.

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Bitcoin Future: Shoot for the Moon, or Land in the FUD?

Bitcoin Future: Shoot for the Moon, or land in the FUD? The rise, and rise of Bitcoin

Quito, Ecuador, December 7th, 2017

At the moment there’s a buncha Fear, Uncertainty, and Doubt (FUD) in the Facebooks and Reddit Bitcoin worlds right now. And all of that is warranted, given how the (real) futures whale investor profits whether a market goes up – or down. 

And unlike a real commodity like corn costing more, or less, because of uncertainty (rainfall, competition, insects, disease…) the only uncertainty with Bitcoin is how much the whales want the market to dive (or rise). 

My thoughts are: it doesn’t matter what happens. What matters is what happens next.

ETFs and 401Ks 

The InkyWinkyVosselhof twins tried (and failed) to singlehandedly jumpstart the Bitcoin ETF market with their ill-gotten Facebook millions, but a second go with futures approved will more than likely be the next step in bitcoin’s r/evolution

The current ETF market is over 4 trillion dollars. The 401K and IRA Retirement market that is one of the major purchasers of ETFs is 26.6 Trillion dollars. And, as everyone’s favorite self-help gazillionaire James Altucher noted, there are 15 million millionaires that are all asking their advisors if they should get into bitcoin, or not? 

Sure, what the heck, buy a Bitcoin…or eight. Diversification is never a bad idea.

Oops, but there’s only 21 million of those suckers, and 4 Million have been lost, sent to incorrect public addresses – what have you. 

But, I’m a gazilionaire! I want a full Bitcoin! 

Sure, but it will cost you…

…or, you can park that 5% of that 30 trillion bucks on the basket of the top 10 Cryptocoins in an ETF that is completely uncorrelated with anything else you hold, you know: diworsify!

Well let’s see, 5% of 30 trillion is…carry the 4 equals…a ocean of filthy lucre pouring into a thimble-sized asset. An asset that doesn’t ebb and flow with the season (aka “corn”) it only ever was, and ever will be, 17 million, once you subtract those bits of coin forever lost.

We may one day look back on the 1 million-dollar per bitcoin forecast by 2020 by potential dick-eater John McAfee as woefully low.

While the whales may have their go at making the market dive, because they know in just a little while all of those coins the retail crowd tossed aside because their hopes and dreams just got shredded in the baleen gills of the futures mega-whales will now, inevitably, be hoovered up into  the Plesiosaurian jaws of the retirement account managers bottom-feeding straight after. 

And what happens next? 

They rise and rise to the moon, and beyond. 

 

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The New Pharaohs, or Unnatural Selection

Galapagos Islands, December 4th, 2017

Yesterday, I was face to face with a penguin. I was snorkeling off of Isla Isabel, and popped up next to one of like 10 little pinguinos huddled on some not-yet-submerged volcanic outcroppings in the wide wide ocean. With oceans rising because of global warming up to 3 feet a cenfury, I calculate about 30 more years before they will no longer have these little ocean havens safe from the predations of the hunter species, the killer whales, sharks, and Donald Trump Junior’s.

The Galapagos, rather than being a model for the ideas of Darwin, are a kind of the opposite of his life’s work, an Un-Natural Selection – if you will. The Giant tortoises are bred in captivity to be released to the wild, ladybugs are imported to attack a species of furry insect that is killing their trees. Cats, goats, and other “foreign” species are eradicated to allow the endemic species to better thrive.

en·dem·ic
enˈdemik  (of a plant or animal) native or restricted to a certain country or area.

All for dollares de tourista, and preserve for all time their idea of perfection. A museum of what they believe Darwin saw at the time he saw them.

When most people think of Darwin the phrase “Survival of the fittest” comes to mind. But what is forgotten is the other half of the equation: Sexual Selection. What species find sexy. Because things like Peacock’s unnecessarily long tail feathers do not a fittest species make.

Which brings to mind the Weinstein’s and ALL of the corporate presidents I worked for had a lot of rumors of “sleeping”on the job, if you will. Taking Darwin’s ideas to extremes: Men aspire to powerful positions in order to be more attractive to females. Maybe this is not in the forefront of their brains – more likely in their reptilian hindbrains. To put bread on the table is the front, once successful it’s putting Barbara on the table.

And then, it goes to the dark side.

In middle managers it’s bad enough, but when you are at the pinnacle of your respective power it is rife. Absolute Power Corrupts Absolutely – right? Men are assertive because it’s attractive – in general. The dark side is when it is taken to extremes – sexual abuse, harassment – and rape.

This is not to gift them with cover for their actions, aka: I strove for a position of power  because it’s my biological perogative in order to spread my genes. There are plenty of decent men who spread their genes with willing participants. I see these serial harassers more as sad shadows of humans who acted this way despite their respectable positions and reputations.

I mean, who wakes up and says I want to grow up to be a CEO? Assholes, that’s who.

Look at Trump, and that potential future congressman and serial pedophile Roy Moore who seem to think it’s not at all a problem. In fact, I think current laws and mores are an inconvenience to their behaviors, because ‘…when you are are a star, they let you do it…grab them by the pussy,’ said our so-called Commander and Chief.

We should have never left the trees

I look towards the so-called “primitive” cultures. The aborigines, the natives, and headhunters. Modern world vs “primitive” world. Totally in balance – either grow their own food, or hunt only what they need.

Then, think back to my time visiting the Ouros Reed Islanders of Lake Titicaca, the ones willing to be on display, to wear their native “costumes” and greet the tourists with songs starting in their native tongues, segueing to English, German and Japanese for their visitor’s amusement. When I saw the Ouros leader pull out his fat stack roll to give change, I understood why.

The other reed islands, the ones who decided to not go along with this ridiculousness had signs of normality – some trash, sloppy huts and irregularly shaped reed islands. The “tourist” reed islands were pictures of Disney perfection, clean, orderly, symmetrical even. Hut interiors in museum quality settings.

Totally in balance, right? Well, if you’re not part of one of those uncontacted indians in the Amazon – then you are affected by the modern world.

A quick look back at history, and one viewpoint is that Farming destroyed this balance, led to king’s and taxation and ownership – of land, of slaves. Then the creation of money, then usury and now we have Central Banks, and Modern Pharaohs deciding which third world country would be amenable to some economic meddling. Because it’s not the Koch brothers that determine the fate of countries, but the Rothschild’s, the US and the House of Saud.

Venezuelan Diaspora
In my 7 months of travel through Chile, then Peru and Ecuador, I seemed to run into many Venezuelans. The reason for this is because of their economic disaster of a situation that is driving the inhabitants to other, “better” countries. But, not so long ago, Venezuela was a powerhouse of a South American country, much like Chile was pre-Pinochet.

I can’t help but draw parallels between the two countries. When Chile defied President Nixon, he vowed to “Make the economy scream.” And scream they did, an entire country gone insane, incarcerating, torturing and killing their citizens – all with the help of the Economic Hitmen: the CIA.

While most “reasonable” people say that the reasons for Venezuela’s economic failure is Chavez’s fault for not diversifying their oil based economy, I see this more like an opportunity for the Bush’s to talk to the House of Saud to lower their crude prices to the screaming point, destroy Venezuela’s economy, and make their citizens go to war against each other. Because, they can. Because, when you defy the US you defy the crazy motherfuckers that can destroy your entire country.

I think of the schoolyard joke, ‘I’m gonna hit you so hard it will knock out your entire family!’ Heh.

And as long as we have oil and dollar based economies, then these sorts of economic destruction of countries will continue. Which brings me to:

The Hope of Bitcoin
The Oracle of Omaha, Warren Buffet, the used-to-be-richest-person in the world declared “You can’t value bitcoin because it’s not a value-producing asset…real bubble in that sort of thing.” He also famously didn’t get Amazon either. And now who’s the richest man now, Warren? Dipshit says what?

Oracles should remain Oracles – tourist destinations to view oddities, the ancient, where the gullible go to hear the babblings of drugged wise-people to justify their already made decisions.

McAfee (sort of) gets it. He said if Bitcoin didn’t get to $500,000 in 2 years he’d eat his dick. Lately he raised this to 1 million. (Me, I’m rooting for $999,999 in 2 years). Here’s what McAfee gets: set expectations high. Shoot for the moon, because there’s a lot of profit to be had between the mud and the moon, and maaybee you’ll land on top of the bitcoin mountain.

Bitcoin is kind of the digital version of Darwin’s “Survival of the fittest.” Bitcoin attacked constantly by the best hackers on the planet. It becomes the fittest, hardiest stray dog walking the streets. Not backed by anything, no sovereign “owner”. No Central Authority to manipulate or inflate it – distributed, democratic. The Ne Plus Ultra of cash, the Alma Ata of money. It’s digital lucre, the closest thing to money as an idea.

Quoth Warren: “Bitcoin is not a value producing asset” – Like that’s an argument. Earth to Warren: neither is the US Dollar. Or any dollar, for that matter. For the first time in history we only have money that’s infinitely inflatable. Except for Bitcoin. Bitcoin only has, and will only ever have 21 million in existence. The US Dollar is a joke excuse for money. Because one of the defining rules of money is relative scarcity. You can’t use shells as money when you live on a beach, for example.

Unless, you are in the US. Or any other country right now, for that matter.

The only reason US dollars are stable is because they are the lingua franca of Oil. In a way, the US dollar is backed by oil. Other countries must keep stacks of US dollars in order to purchase oil. Which keeps the US economy humming, and brings us back full circle to the House of Saud, the Bush’s and the economic disaster of Venezuela.

The New Pharaohs
The way the Republicans are acting, they seems like they’d be okay with gangrapes on public buses. Create victim classes in which to prey. By the way their so-called leaders, Donald Trump and McConnell are acting, they’d be okay with a serial child molester in Congress – as long as he’s not a Democrat. They’re also okay with a Tax plan that destroys the middle class, creates a pool of servants (poor), and solidifies the haves, the Trumps and Pharoahs iz’all good.

‘Cause what kind of model country would they desire? Maybe modeled on Saudi Arabia – close to zero crime, the lucky ones of the House of Saud treated like the Pharaohs of old, every whim catered to by the poor – which is everyone else.

Modern slavery, and if you steal they will cut off your hands. You can prey on the pretty servant women – because, why not? They won’t complain – well, to anyone that would matter. Women wear the veil, and can’t drive, can’t abort – or even vote for that matter. Perfection to the Trumps of the world.

And for that thief with no hands? He deserved it, right? Well, maybe he was one of the unlucky ones, one of those not lucky enough to be part of the House of Saud, and had to steal for a living. He deserved to have his hands cut, right? So what that he wasn’t born into the right family? Or was unlucky enough to be born during a time when the Congress destroyed it’s middle class – because who needs a class of people who might have just a smidgeon of enough power to have their complaints heard?

I think Trump wants to be a modern Pharoah, and with the new tax legislation, he’ll be one step closer. And who really cares for the middle class? Bernie Sanders? Harharhar.

As long as Trump has lower class servants he can step on their backs in order to reach his palace – why should he care? Abuse of power only abuses the weak – not the one in power – so again: why should he care? And if the last waiter didn’t show you enough courtesy? Well there’s a hundred other starving people to take his place.

And who needs equals when you have a harem? Sexual harassment only occurs to the victim, not to the Pharoahs of the world. They just get to become president! Or the owner of the Miss Universe pageant.

Which leads me back to the Galapagos, and Unnatural Selection. What kind kind of world is being created for us? A world of the haves and the have nots? Because if you don’t “have” something that benefits from inflation, like a house, or gold, or a series of apartment buildings around the world, or oil – then you’re of the to-be-fucked-with class. And even if you do have something, like oil, if you piss off the wrong people you’re fucked again twice over.

Or maybe, just maybe, you opt out. You own a bitcoin or two. Something that is not up to the whims of governments, and powerful House of Saud connections. Something that is unnaturally deflationary. That went from nothing to something. And despite the Oracles you buy and hodl, because it’s the new thin blue line separating civilization from chaos. Just ask the Venezuelans. 100,000 of them reportedly mine Bitcoin.

Because nothing defines money than what you are able to purchase with it, and right now the Venezuelan dollar amounts to a bunch of nothing. Like Zimbabwe, Greece, the US dollar, etcetera.

What of the nomadic life I’ve been living? Traveling with just a backpack, homeless in way. We backpackers think we make little impact, but then I see the towns and cities transformed by tourism, and not all I see is good.

What then? To live the life idyllic, to harvest your own food, recycle your own shit – has it’s negatives. I’m modern man, and I like cities too. I like that I can fly into New York city and order my favorite pirogues at Veselka’s.

Can the Pharaohs not enslave everything in order to do so?

Can we not eat every fish in the ocean, or warm the planet to boil away the islands the penguins count on? Islands to escape from the sharks and killer whales and Donald Junior’s of the world?

Can we not conserve the “endemic” species we have, like marine iguanas, giant tortoises, and humans?

Can we not respect and accept the equality and rights of women?

Is that too much to ask?

 

 

 

 

 

 

 

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