Clif High

 


Hello, crypto enthusiasts. Thanks for stopping by again. This is just a quickie for tonight. I mean it’s night where I am — in Florida (United States). You Europeans are dead asleep by now, but hey, you’ll open your emails in the morning. And you Asian folk, you’re getting off of work about now. I’m not sure about you Aussies. You guys (and gals) are what, eating dinner and watching the news about North Korea? Guam on your minds?

As usual, I’ve been scanning the net for the scoops. Watching the markets for the fizz and pop. And here’s the latest curiosity I’ve managed to dig up from the fintech ether. And mind you, the people (person) I may cite herein may not have the cleanest resumes, but damned if they don’t get your spaz juices flowing.

Bitcoin and Ethereum seem to be in the keeping modes right now. Meaning they are looking great. Clif High, and he’s a bit of a, how can I say this nicely — an unusual chap? But I’m not one for killing the messenger, even if he is a bit burnt, if you catch my drift.

And that’s why I’ve been chomping at the bit today and yesterday. Kind of mulling this whole thing over. Trying to align my belief in a gold backed (silver backed) monetary system with the alleged future facts (and ideas) Clif High is constantly bringing to the table.

But I can’t really do it justice and I do not work for Clif. Don’t know him from Adam, as it were. Yet the guy is able to explain, in words and ideas — in a few seconds — to sort of encapsulate what many of us might think. How bitcoin (cryptocurrency) may, within the next 10 to 20 years, undo thousands of years of stagnant and centralized money control. How this new world of crpyto can serve as a shot-in-the-arm for economies, for wealth, technological development and so on. That, according to Clif, America (the U.S.) split from Great Britain when about 3% of the people wanted it. That only about 1% or less of people, now want bitcoin or cryptocurrency. That, if this margin reaches 10%, the governments of the world, which are always behind the times, will be unable to stop it. That, the iron is heating up and you may be able to make some serious cash, if you invest soon. That is what Clif is implying, I believe.

These are very positive statements in a lot of ways, in my book.

But, I hope that Clif’s inexplicable descriptions, his references to the unusual and seemingly unproven, are not, in some ways, infecting his ability to maintain his rationality. As far as I can see, his “predictions” have raised eyebrows for several years now. But are his prognostications simply too general? Too crazy?

He talks about silver prices skyrocketing — for a time.

Gold’s just sort of okay, as far I can judge by Clif’s statements.

New tech that will create matter from energy is only a few years away. So why mine gold or silver in say, 15 years?

Potential limited nuclear wars are on the horizon.

But by and large, the outlook is very positive, in Clif’s assessments.

He didn’t talk about my current favorite crypto’s though: Neo and Iota.

Please — you be the judge. Give this guy a listen. Tell me that he does not, in some weird way, make you very positive about the future of our world.

Here’s his latest talk. It’s long — a YouTube interview.

The Interview.


 

 

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Bitcoin Cash Crash

 


Just a few words before you jump ship…

I’ve been holding back these last few days. Watching and waiting. But I can’t resist. No matter where I look it seems that few in the cryto-news arena are willing to take a serious “political” stab at the Bitcoin Civil War. But there is no war. It’s just money. And as the saying goes…

…the good money chases out the bad.

Okay, I know bitcoin isn’t money and in this cryptosphere, the shysters can defraud the noobs unseen. And yet this thing is playing out in plain sight. The big miners are sucking all the air out of the the little guys. Little guys who can’t get it together. Yes, I’m bad mouthing the bitcoin core team. And the Chinese miners supported by cheap power handed to them on electroplated silver platters are walking away with the cash — literally. Your cash.

Even CNBC is in on the act. This article gives you their latest take. They talk about the Chinese Miners — how big they are.

I’m sure you cryptocurrency watchers have been, well, watching the coins, as it were. “Bitcoin Cash” debuted yesterday as the Bitcoin replacement. We’ve seen some explosive growth with a lot of newsflashes chiming in about how great it will be for commercial operations — think Communist China. Okay, that’s my opinion. I’m sure North Korea is fighting for a spot at the Cash table as we speak. Maybe Venezuela and Greece too.

So far, however, the high stakes gamble is gyrating. Bitcoin Cash, whether it’s BCC or BCH, is like crypto-rocket one moment, but the next it’s reentering the atmosphere. We saw over ten billion in market value plummet to just over five billion. That’s a lot of bread my friends. Especially in these markets. If any of the world’s largest cryptocurrency exchanges played the risky side of that bet, I would expect some problems shortly — some margin calls. But we’ll see.

What’s even more curious and I would advise you to be careful, is that some of the websites that track the prices of cryptocurrencies are becoming less and less reliable. You can bring up the prices on the actual exchange(s) you like — a more accurate representation of what is happening in the “street” — or you can rely on the slow and often mistaken websites that try to track all of the cryptos at once. Don’t do it. Click around. Get the best picture before you buy or sell.

There are numerous opinions out there as to what will happen now that Bitcoin Cash launched. Well, has forked — whatever. The fact that bitcoin holders can receive the equivalent in the new currency is mentioned. In my mind that’s bad news. I would sell the crap out of it if you gave me free money. Cash it in to my local stable currency. Maybe some of that is going on now — and if so — it should be a few days as everyone who wants to cash-out, does so. (I just hope they buy some Iota.)

In the old days we saw new cryptocurrencies do this and you know what happened, almost invariably? They crashed — after a great spike. After the free giveaway of free money — I mean crypto — they went bye bye. They languished in crypto-hell for years, vanished or stagnated. But don’t take my word for it. Try some Crave, Vcash (formerly Vanilla) or maybe some Auroracoin. Go ahead, make their day.

Of course, few look at bitcoin as a “junk” coin or a “pump” coin these days. It’s the “can-do no-wrong-coin” or the “first mover.” Say what you like, but remember, like I’ve been warning you, diversify if you are a crypto-enthusiast. Bitcoin has been copied before. In fact, many if not most of the coins out there are knock-offs — at least that’s what we read. Sure, some are new. Iota and a few others, but the clone universe is telling.

The confidence war begins now, if you will. The world’s biggest bitcoin miners, should, if they are smart, defect to Bitcoin Cash. They can do more with it and control it better — by centralizing it even more. But wait, the people may not trust the big boys, even if Bitcoin Cash is faster and better than old plain bitcoin. Are you certain? Would you continue to use a slow coin, outdated, outmoded, controlled by a few developers — who argue — who live all over the globe? Or would you like a strong, business-like model, run by Communist China?

Kind of a screwy decision huh?


Image: Flickr

Revelation Nation


Zombie

 


Introduction:

Above, is my newest “self-designed” ebook cover for my novelette on Amazon.

This is a break from myself — a novelette preview of mine.

I originally had this story on Hubpages. I’ve previewed it here minus most of the pictures.

For some odd reason I had a regular readership on this one.

Now onto the preview. I’m sure you just can’t wait for the bloody parts…

Has anyone ever told you that you are sick if you like this stuff?

 


The Horror is in our own heads.

— Jack Shorebird, July 2017 — as told to him by Slade East

 


 

Preview…the basic rough idea…

It wasn’t mass murder. Really, it wasn’t.

But I need to unload this anyway. Let you know where I am coming from. Then you can judge me. You can decide if I did the right thing or not.

Let me tell it the best way I can, while I burn one. My last one.

It all started sometime last year. I’m a little fuzzy about when exactly. I remember I was smoking my first of the day then. Letting the morning cancer clouds help me think. Sipping my Jesus Christ java. You know, just like any other day. A little “wake me up” and “chill-me-out.”

I was sitting there at my concrete pulpit — my table. The one with the cheesy red and white sun-bleached aluminum umbrella. Delaying the inevitable. Another day on the streets of sin. My beat. My chosen profession. A love-hate relationship at best.

Trying not to think about the cranks I would be dealing with in short order was tough. Not to mention my coworkers, the real cranks. The streets were lame by comparison, actually. I mean we brought he worst of the streets right into our offices. And it changed us. Made us better as cops, but worse humans. Suspicious. On edge. Screwed up hearts. Soft dicks. The works.

The real refuse was skulking around the police station in handcuffs, being escorted to the interrogation rooms. And yes, we had our share of bad cops. Sitting in their unmarked police units, in secluded places, with the windows rolled up, the air conditioning cranked all the way up and their gear sticks in their hand. We tried to weed those out fast. Too much of a liability. If we couldn’t weed them out we’d promote them and then ignore them.

I thought of a few choice adjectives for the few puds I worked with. A selection of egotistical cop hacks. Hawaiian shirt has-beens. Fake name-brand watches. Concealed weapons and knock-off “flea-market” sunglasses. Football fanatic, hunting crazed macho puds. We knew their types.

None of this really matters now.

How I’d like to tell them off now, grab them by their short hairs — but how that wouldn’t work either. Since they’re all probably dead.

I held my tongue back then. Back last year on that last good morning. Bided my time. Let my blood pressure build up its morning head of steam, so I could focus. Same as any other pisser morning in Miami, before work.

I puffed away on that first cigarette. Curls of blue death snaking between my knuckles. Pictured those chalk white knuckles and my fingers wrapped around the throat of this one coworker. I got problems. What can tell you? And it made me feel good. Better now, as I remember it.

I guess I had the cop gene like all the other puds or maybe something else. Some slow acting disease that ate you up from the gut, until you were a cynical dried-up, alcoholic, chain smoker. A divorced piece if crap just waiting for the melancholy years. The retirement home where they did the cooking, ass wiping and laundry, in that order.


 

If you’ve enjoyed this so far, please follow this link for the rest of the story…

Revelation Nation, by Slade East. At Amazon, Kindle ebook Edition.

Cryptocurrency Predictions From Experts?

Ball


Expertise

Is anyone really — I mean really, really, really — an expert when it comes to cryptocurrency? Even the experts don’t agree what cryptocurrency means. Is it a tool? A convenient form of functional money — like a check with drawing rights. But rights to what?

This aside, what are the latest prognostications from experts? Try these:

  • Balaji Srinivasan, CEO of 21.co
  • Peter Smith, CEO of Blockchain
  • Kathleen Breitman, CEO of Tezos

Bitcoin, the Master

Like all “experts” in this relatively new field, the implication is that bitcoin and Ethereum have staying power is common-speak. A five to ten year future window of opportunity seems to be the consensus — even given the current problems associated with bitcoin. That belief — almost a religion — is nothing new. It is going to make these experts look like digital noobs, if on July 31, 2017 or even down the road a piece,  bitcoin forks anyway. By then I’m sure they will have edited their theories.

There can be only one — or something like that…

New cryptocurrencies will come along and become successful. Some currently unheard of technology could dominate the market. Again, this seems obvious. That’s why we have a thing called progress. Can we be less obtuse here and stop pandering to noob-ville.

Rich Man, Poor Man, Fraud Man?

People will become rich and poor as new cryptocurrencies enter this space. As a result of the people who lose money due to fraudulent enterprises, more regulation seems to be in the offing.

No kidding?

In fact, Ripple may be implying that markets are heavily regulated for a reason. This is yet another eyebrow raiser. Ripple went to the dark side early in the game and is no doubt leveraging its position against the “free” cryptocurrencies as they themselves struggle to become a meaningful player in the cryptosphere. One wonders if they will soon apply for monopolistic benefits. Perhaps become one with “Fedcoin,” in the United States of America.

The Cashless Prison

Cryptocurrency must not be private? Regulation will eventually take over.

The critical component required by governments is ultimately, a cashless system whereby — allegedly — everyone can be more secure. The problem is, one has no privacy in this scenario, no right to life, liberty and, in the end, no private property — even digital property. How can one be even remotely free if every personal transaction is cataloged by the state, controlled by bureaucrats and dictated by the political wind?

Benevolent Big Brothers

Speculation in cryptocurrencies will lessen as certain altcoins become more stable. That bitcoins are not just for drugs.

Right. Got it.

This bit of speculation is a bit disingenuous. In fact, it’s just a set up. Stated to entice the under-educated. The noobs. To hint again, that appropriate rules to unmask the users of cryptocurrencies will magically enable a virtual world-utilization of cryptocurrencies, especially when new “killer apps” come online. All will be well, so long as we obey.

Conversely, it can be argued that the instability of cryptocurrencies are in part, caused by the states themselves. Take China for example. That bastion of corruption on one hand implies that bitcoin miners will be heavily regulated and on the other, they are allowed to profit. Do you hear “payoff?”

Since China purportedly manages most of the bitcoin blockchain, is it any wonder that it bitcoin is inherently unstable? And we all see what happens when bitcoin catches a cold — almost all other relevant cryptocurrencies nosedive.

In support of the move away from state controlled cryptocurrency, things like Bytecoin, Monero and Aeon were born — and many others — in an ongoing attempt to remind the minders that well, all of the people have not rolled over and played dead — just yet.

The Silly Con

Silicon Valley will become a direct competitor to Wall Street. This seems straightforward. As computer technology advances, its underlying information infrastructure will continue lubricate the wheels of finance. All of the major trading floors, worldwide are already supported by the latest Fintech. But the assumption here is much deeper. That the technology itself will make Wall Street, for all practical purposes, passé.

Imagine that for a moment. Not that all the brokers and lawyers would be replaced by smart contracts, but that the wheels of finance themselves are replaced with cryptocurrency. Where paper money, fiat currency, the Federal Reserve, are at once, relics of a bygone age.

Do you take VISA?

Competition will force the old guard — say MasterCard and Visa — to step up. In other words, if bitcoin or any cryptocurrency, can one day compete with the current regulated entities then and only then, would the need arise for the old guard to “improve.” That or be ushered out.

The only problem is, bitcoin is currently too slow to compete with the current credit based entities, except where it comes to moving large amounts of money across borders cheaply. A point that is often ignored. They don’t want to remind anyone that there are inexpensive ways to do big business.

Micro-transactions are all the rage today — supposedly — but when it comes down to the “golden” tacks, if one can move 200,000,000 dollars in ten minutes or less, across 50 borders, without taxes or banking fees, well, who needs bitcoin “micro?” We have Iota for that anyway and they are cheaper — better at the small stuff. Maybe better at all the crypto stuff.

Quantum Query

One should remember that technology is advancing. Governments worldwide are working on systems — quantum computers — which, if true, can crack cryptocurrency addresses — take your funds — in about a minute. It might therefore behoove one, if cryptocurrency seems a lucrative investment, to study the next generation of altcoins which are resistant or even immune to the quantum “state” hackers. Maybe Iota, but there are others.

This being said, if governments cannot get what they want, if they cannot control the newest generations of non-state currencies, they would need to make them irrelevant by installing a better form of money, perhaps by privatizing the banking industry altogether or by controlling the internet, radio waves, WiFi etc. At last resort, Big Brother would require draconian laws, like those in North Korea, and the dismantling of technology altogether.

Absent a total crackdown against cryptocurrency, there are other more curious ways to thwart the ever growing popularity of the expanding cryptosphere: government sponsored hacks, thefts, 51% attacks and so on.

It is interesting of late, how many cryptocurrency exchanges, wallets, etc., are being hacked. The newest one today? Veritaseum, to the tune of eight million dollars.


 

 

 

 

 

 

 

 

 

The Animals


iota

The guys are discussing cryptocurrency today. Tom is traditional, Dick is confused and Harry always wants to be on the cutting edge.


 

 

Image: Wikipedia — By ravas51 (Flickr: IMG_3747) [CC BY-SA 2.0 (http://creativecommons.org/licenses/by-sa/2.0)], via Wikimedia Commons

Bitcoin, Ethereum, Litecoin July 19, 2017 — Roundup.


An unbiased and quick look at some big players…

The good news:

  • Litecoin is undergoing major updates to Litecoin Core 0.14.2
  • John Mack, a former CEO at Morgan Stanley venturing into crypto
  • The “dean” has advised that crypto is replacing gold

The bad news:

The “other” news:

  • A rare look inside some of China’s bitcoins “mines

The videos:

  • Jeff Bewick continues his upbeat and wacky video series about bitcoin
  • Andreas Antonopoulos explains the current state of bitcoin

Based upon the last 24 hours of news, the cryptosphere is decidedly negative, with concerns over bitcoin and Ethereum, mounting.


Image: Flickr

Bitcoin to $2,000,000 in Three Years?

 


How to make two million dollars in three years, by purchasing one bitcoin as soon as possible?

At that point you should only be required to pay long term capital gains taxes.

Why not 20 million — if the dollar devalues fast enough? In Venezuela, I estimate that bitcoins are are well over million Bolivares each. Let’s check that math.

The price of bitcoin this second, is about $2300 and dropping — again. This was expected. That is equivalent to 23,000 Venezuelan Bolivares (VEB) — at the official rate. Not bad you say, but wait, there’s less… The official rates are nonsense.

20 Million Boilvares per bitcoin?

The unofficial price you will pay for one bitcoin in Venezuela is about 19,555,000 VEB. Let’s just round that off. To buy a single bitcoin in that Socialist paradise will set you back about 20 million VEB. That’s a big stack of paper and the last I heard, the government there was having trouble obtaining enough paper to print money.

So already, in some countries, you are a rich. Not really. One US dollar is equivalent to about 8500 VEB — street value. (See here for realistic conversions rates.) So you would still have, realistically, about $2300 bucks US. That is if a Venezuelan could really afford to buy a single bitcoin. Bummer.

Maybe the Venezuelan dictator can ask the motorcycle gangs currently stealing sugar from moving trucks in broad daylight, Mad Max style, to swipe a few rolls of paper and pass it along to the printing office. You know, in order to print more money. Wait — bad idea — toilet paper is also at a premium there. Actually, I think they are fresh out — a year ago.

But talk about optimism. John McAfee tweeted that:

Bitcoin would reach $500,000 in value in three years.

…or he will eat his own privates on national TV. Sure he will.

But McAfee might stick to his 10 million dollar bet. Why? Because according to this piece, McAfee is betting on a bitcoin fork. Not bitcoin. Did you catch that? He’s betting on some new type of bitcoin.

I’d say McAfee is going to lose 10 mil and a part of his anatomy. Well, maybe the 10 mil, unless he’s insane. Come to think of it — not the insane part — I want to see that bet. Any evidence he actually made it? That anyone has excepted?

Whether it’s just a publicity stunt we might never know. McAfee does say some pretty relevant stuff though. Take his Google comments. He wants to take them out. Why? For very good reasons. The fact that Google tends to obtain too much information about us. Kind of a errant, business-like, “Big Brother.” One that shares information with Uncle Sam when politely asked.

Don’t worry, your smart phone, computer and talking toy robot are not really watching you…that much. They have no idea that you are a Crypto-Head. And I say this in all seriousness and sarcasm. (Did I mention that the FBI is now warning us about our children’s toy-spies?)

But back to the bitcoin news. Does McAfee have a point? Will he retain his privates? Let’s just take that first question, in general.

Will bitcoin continue to increase in value over the mid to long term — if it does fork?

McAfee — and this guy ain’t no dummy — says yes. In fact, McAfee puts his faith in Bitmain CEO Jihan Wu.

In case you are still confused about a fork or two, look over the graphic provided here. It’s a great way to understand the basic SegWit, SegWit2, and UASF issues is a visual way. Things are definitely confusing this time around. So let’s ditch the acronyms and get back to our $2,000,000 bitcoin. I’m salivating, aren’t you?

Back to Bitmain and Wu. McAfee says Wu is a sharp guy and that the market will follow him with his brand of “bictoin,” whatever flavor that happens to be. The old traditional bitcoin, the one that was developed by Satoshi Nakamoto and supposedly improved by the core teams over the years, will take a nose dive — back to 40 bucks each. At that point, would it even survive? Can you imagine the bag-holders?

But that’s not all. It’s why I brought up the Venezuelan comparisons. McAfee thinks that as a result of his research, this “new” bitcoin will reach prices north of one million dollars. Maybe more than two million each.

Jump Ship?

So how will we, as consumers, jump ship, if Wu forks bitcoin (original flavor)? I’m assuming, but please don’t hold me to this, that we would simply begin using his systems — his wallets —  with our old bitcoin. We’d sort of do a mini-fork.

I’m sure Wu will announce his fork plans and then us little people can then decide for ourselves, which way to go. With Big Daddy Wu or Old Bitcoin core. Maybe I’ll head over to Iota for spell anyway. I just like their style.

This brings up yet another question. Suppose we try Wu’s “New and Improved” Bitcoin (extra crispy flavor) and we don’t like it. Can we then switch our bitcoins back to original flavor? We’ll see.

In the meantime, keep your eyes on Crypto and maybe deal in Litecoin or Ethereum until this Wu thing settles down.

And one more thing — and this is where lowly little me differs with Master McAfee. I think he’s wrong. Why would anyone invest in Wu-Coin if the guy knowing exploited a flaw in bitcoin to speed up mining and make higher profits, at the expense of the community at large?

And one last thing. I hate McAfee’s Antivirus software. Always had trouble with it.

Until next my next post, have a Crypto day.


Image: Flickr