Anonymous asked: What do you think is going to happen after the senate meetings in regards to bitcoins?
The price started to fall just before the hearing started, from a record high of $660+, it’s down around $630 now.
Anyway, I think that it will, if anything, get a small bump down. Then again, that depends on the tone of the hearing. But so far, no one is calling for a shutdown of BTC exchanges and the general theme seems to be that “if bitcoin and exchanges and wallets comply with existing laws, we don’t have a problem”.
Anonymous asked: no no i meant to add do you have anything investment wise in the mining process of bitcoins?
I looked into and tried bitcoin mining for a little bit.
Too much work and resources required. Might be worth it now, however, given that the price is nearly $600-1BTC.
Anonymous asked: this might be personal and if so i apologize but do you have any bitcoins or investments in bitcoin mining?
I use to. Sold ‘em off to buy some stuff and invest in other avenues.
I should get back into it.
But here’s the thing, I don’t think bitcoin should be used as an investment vehicle. At least not as a primary function. The best way to ensure that bitcoin survives for the long haul is that people start to use bitcoins in every day transactions.
That’s actually why i sold all mine off. I wasn’t seeing that usage. But now it’s gaining traction with some mainstream companies around the world.
Anonymous asked: Is there any social safety net you do believe in? Yea Obamacare sucks, but if noone paid $200 for that advil, would the drug companies make enough to create the next drug? Where's the enhanced profit to pay for R&D? Why does it cost so much more for an MRI here vs abroad? Or medical school in general? Absent Defense, and maybe not even that, is there anything you believe the government should be involved in?
Social Security if the worst ponzi scheme in human history (besides the dollar, but that’s one long and complex story for another time). I don’t know much about Medicare or Medicaid, I just know that we keep having to reform it because it always on the brink of going broke. Sounds like a real winner.
I don’t know if there is anything I support to be run by the gov’t. Not saying that government was never necessary or that it hasn’t done any good. I just think that we’ve come to the point that there are too many people, access to information is much better with the internet and wireless communication and that people are ready (ready enough) to evolve passed this idea of government.
Yes, people would come up with an advil, even if they couldn’t charge $200 for it. People create things without having “money” as a motivator all the time. But there is always an incentive. Doesn’t have to be profit. It could be that they have a need to fill or they just like creating, but there’s always an incentive. But for many, it is money. Not solely, but mainly.
You’re also right to say that $200 for an advil is the market rate and the market always finds the most efficient price. Yes, I’d agree with that, but it’s not an efficient market, there are certain artificial prices floors and inflators. So while $200 is the market rate given the market conditions, I think that we can fix the conditions.
Most of the R&D costs in this country have to do with gov’t regulations and trials and retrials and all of the costs that are tied up in there. Those same costs don’t exist around the world and you can find many drugs in markets (legal, as well) outside of America that aren’t legal here. Not because they’re ruled illegal, but because they haven’t passed the approval process yet.
Then there’s the issue of such his litigation costs for both doctors and pharma. But that’s also a different story. We are a litigious culture, and I know you’re a lawyer and you might not agree, but high volume of laws and suits is a death spell for a country. We’re eating ourselves from the inside out in many industries.
The craziest part about the cost of procedures in this country is that other countries have to import machines and operators from western countries, like America and they still cost less over there. Why is that? I don’t really know but if I had to guess, I’d say the admin (insurance) costs, legal costs and the abuse of services since people don’t directly pay for an MRI. If you only think the cost of the MRI to you is the $50 co-pay, how much more likely are you to force your way into a machine for your knee pain? What if you knew that it would cost you $50 co-pay and premiums would go up $10/month for the rest of your life? We don’t EVER calculate for that second cost. In many ways, this cost being hidden makes people more willing to get care but in many more ways, it adds to the total cost of the system and we all end up paying for that system. A side note: I was just doing research for a business proposal about imaging costs; it costs about $100 for an MRI in Eastern Europe/Russia (without insurance!)
Medical school is expensive because it can be. It’s a highly specialized school with years and years of education and training and there’s a very limited number of positions. The real question should be “Why is medical school as cheap as a Law degree or a Masters in Business?” A 3rd tangent topic is how big of a scam 3 years of law school is. It’s probably a big driver in increased medical costs. All there lawyers with very few corporate jobs waiting for them. What’s the best place to go? Personal injury. No offense to all my PI attorneys, but the abuse in this sector is rampant and disgusting. Let’s not pretend otherwise. Every time you promise a client a payout, you’re fucking the entire system, including your client.
What should the gov’t be involved in? Not sure. I know that we can scale it back. Way back. Get them out of a lot of industry. Maybe we can just leave them to run the courts and postal service and make those services self-sufficient. Perhaps some form of military which scales down every year until it’s not there anymore. Private courts are very possible as is mitigation. The postal service won’t last, I like to just see it try mainly because their failure would be funny and their survival would be cool to see.
But obviously none of this can just happen overnight. Anyone who thinks so is silly. Got to peel back the layers of the onion. But eventually, I don’t think there should be anything run by a gov’t unless it’s agreed upon by 100% of the people who fund it.
Voting should go digital. We should be informed of every single issue and vote on it via some sort of web access. You don’t have to vote, but if you do, you also have to pay for the services you vote for. e.g. you want trash service and I don’t. You vote yes, I vote no. For everyone that voted yes, a second tax notice is served and you see what the cost is. You either accept it (that’s your final YES vote) and you pay that fee or you say NO (if you said NO the first time, you’re left alone, you don’t pay for it and you don’t get garbage collection from the city). It’s pretty simple.
Same with voting for war. You vote YES, you get a bill AND you have to serve. You want war, cool. I don’t. You can pay for it and fight it and give your life for it.
If it’s anything worth paying for people will pay for it and if it’s useless, people won’t. This way you only get the services you want and you only pay “tax” on services you want/need/use. If you want to use the roads, you pay the fee, get a pass and you can drive. If you don’t have the pass, you can’t get on the roads. If you’re caught on a paid road without a license, you’re kicked off and they can impound your property and use it as payment for your usage because you’re trespassing.
This way no majority can force a minority into paying for anything. It’s no longer rule by majority. It’s rule by individuals for individuals. 200+ years ago, we didn’t have the technology for this and a democratic republic was the best option. Today, we do, yet we refuse to evolve our culture and adapt technology to make life better for everyone.
This was way too long. i apologize.
Anonymous asked: Do you have any bitcoin?
Maybe again soon? Our bitcoin startup went bust and I sold my holdings a while back when I realized that there wasn’t much I wanted to buy with bitcoin.
Maybe soon as bitcoin becomes more of a mainstream thing, I’ll get back into it. Or if anyone wants to give me seed money to start my bitcoin bank… any takers? I got a business plan and engineers ready to go, just need funding.
Anonymous asked: Aren't you supposed to be retired? don't give me this false hope that you will still be amongst us blogging your good stuff. i cant deal with this break up. i just cant....
I won’t lie, quitting tumblr’s been the hardest thing I’ve had to do. Makes no sense. I feel like a junkie. But I did more or less quit twitter so I guess this has just replaced that.
Even if I quit, I’d still be here, just a lot less politics on my own blog.
Anonymous asked: What is your other tumblr account where we can follow you?
There’s a few:
Anonymous asked: but but why you leave us?
Lots of reasons.
- Time. I have no time lately and will have even less time soon
- Distraction. Going with the time issue, tumblr is a distraction, a major one. It’s hard to limit unless I quit. To gain more time I need to get myself off this site.
- Work. Not just time taken from work by this site, the more popular this blog gets, the greater the chance that someone I work with will read it and I don’t need this to impact that.
- Repetitiveness. Economically, there’s nothing left to learn for me. The principles of Austrian economics have not and will probably never change. Same with the ideas of anarchism. It’s hardwired into my head at this point that I can almost visualize free market solutions to most problems so there isn’t much left to learn from this site outside of the few blogs that still make me think.
- Bored and/or Negativity. With not much left to learn in the fundamental realm, all that’s left on this site is news. To be frank, the news is either boring or completely disheartening info. I already know how fucked up the world is and how fucked humanity is. I don’t think I want to read about it a 1,000 more times a day. Especially since most of the blogs lately just reblog the same info.
That’s a pretty good summary I think.
Anonymous asked: if you dont mind me asking what do you do for a living?
I don’t really have an official title.
I work for a few companies and start-ups under a bigger umbrella holding company. I also have my own apps and mobile marketing business which is starting to pick up, so the goal is to eventually just work for myself.
I guess what I officially do is Financial Analysis and Business/Marketing/Product Development. They move me around from time to time to different departments and facilities to make sure we aren’t wasting money and that we’re running efficiently as a business. It’s usually a lot of boring stuff, like budgets and income statements and reviews general ledgers, financial forensics or reading business plans (the worst).
I have A.D.D. and this job fits perfectly with that because I get to bounce around all day and still get stuff done.
Anonymous asked: I really liked your blog :) I'll let you in on a little secret for getting famous on tumblr, its called theIastmedia com
but… but… what if I don’t want to be tumblr famous?
Anonymous asked: What if a person brings up Jon Stewart? (Bigger question: what is your opinion/critique of him?)
In what context? Stewart is funny. Would probably drink beers with him. But his philosophy is ridiculous and his delivery is propaganda. He’s a self-labeled socialist, so… yea…
Anonymous asked: So basically how "the sun never sets on the British empire" sort of thing? Whoa.
But better because we don’t have to manage any of those regions. We basically give them a few printed dollars and they let us manipulate their markets, elections, land access and military. The few billion we give away is minuscule compared to how much we’d have to spend on those countries if they were actual territories.
Anonymous asked: Shahe writes? Do you mean Shane?
Yea, I probably do mean Shane, I just have no idea how to spell my own name…
Anonymous asked: Sorry if i am bothering you with such a petty question or if this has been elaborated on in the past, but i was wondering what your overall thoughts on monsanto are?
Overall thoughts: Monsanto is a disturbing corporation with some vile ideas and practices.
Anonymous asked: I pray that your heart will soften. God said that no man will enter heaven if he doesn't like his brother. How can you claim to love God yet not love your brother? Smh, your haughty attitude is a disgrace to him, however with prayer you'll over come it. If you don't want to-it's fine. All the best.
#1 I don’t have a brother.
#2 I feel for Trayvon and his family and friends.
#3 I don’t believe in religion and the type of god I believe in doesn’t give a fuck about how I feel about others just like he didn’t give a fuck to keep a teenager from dying and a 29 year old from being harassed for the rest of his days. Not only does ‘god’ not care, he’s probably powerless to do anything about it.
#4 I love being naughty.