Tag Archives: Ethereum ETH

Cardano (ADA): Fool’s Gold

Revised 7/4/2018

We need to watch these altcoins as they grow. Cardano is finally ejecting enough nonsense — that I’ve found — to better define it as a chunk of iron pyrite? What is in the minds of their creators?

The Avant-garde Bum

Every once in a while a “professional bum” comes along and stretches your imagination, until you realize your mistake. You realize that something doesn’t smell quite right. Or maybe it doesn’t look quite right. So you rethink something, then rethink it all over again. Then you wonder if Cardano (ADA) is the real McCoy or some clone coin, ready to go bust.

In my case, for some time, the chameleon-coin has been Cardano (ADA) and Charles Hoskinson. Yes, there are multiple pieces to this puzzle. Cardano is split into different parts but I’m not on about that. I’m after the core. Where do these coders, dreamers and non-bankers, hang their hats, philosophically? What does their game-face look like? Is it Communist, Socialist or Capitalist? Anarchist? Let’s keep it simple. Is it honest?

Hoskinson (arguably the soul of Cardano) tends to compress a lot of ideas in his blogs, especially a recent one but it’s important for anyone in this space, investor, developer or even thinker, to read. (The link is at the bottom.) If only to find the poison apples in his blogs. The hidden chunks of coal that might never become diamonds. Worse yet, not even coal.

The Real McCoy

Guys like Vitalik Buterin (of Ethereum fame) don’t seem to grasp the more human element or they come across that way. How do you communicate well in this environment? It’s not just about programming and competition, it’s more than that. It has many levels. How does one engender trust? Like Hoskinson questions — is decentralization efficient and secure or is it more akin to religious fervor? After all, what is the goal here? To be distracted by Apple not playing nice with Ethereum?

At the same time, we don’t want to throw the baby out. To state that centralization is more efficient, may be true for certain aspects of the Cardano system, except its weakest link: that center. I mean, can we compare, in certain ways, Cardano to XRP? That XRP’s are on a decentralized ledger is true, but there are few players – few ledger keepers. Ripple is separate. But does Cardano have that luxury? Are they separated in that manner?

This is a money system, after all. It’s important to keep it as robust as possible. Any part of a monetary system (fiat based or otherwise) that can be attacked, will be. Hackers will exploit it. They will socially engineer. If it has a center and a minder (coder) at any level of the system, that will be its Achilles’ heel.

Cardano will have, at some point (maybe) a type of sharded decentralized ledger, but a centralized (federated?) management? Read up on Cardano, if you like. Does its structure make you feel good?

I’m sure others will find fault with Hoskinson’s recent post, but it is realistic, and a call-on-the-carpet move, right? It’s both a challenge to others, such as Ethereum (ETH) and even a current assessment of Ethereum Classic (ETC). Both are platforms he and others worked on.

Now, of course, Hoskinson and many others are working on Cardano (ADA). Like Bitcoin and many cryptocurrencies (or crypto-assets) Cardano is an international effort minus government intrusion, to a point. But it’s really no better than a potential “manifesto.”

Where does Cardano stand, philosophically? That answer will allow us to judge the decisions made by the “team” as practical, based upon the terrain (governments), so long as the “constitution” and the underlying principles are solid. But are they?

A Lugubrious Libertarian

Interestingly, Hoskinson defines himself of the libertarian bent and I think that it is important for many of us. Of course, libertarian views are not clear. Their views are too broad and so we must then judge for ourselves, what Hoskinson means. There are far-right and far-left libertarians. Some libertarians believe in communal ownership of property. So, I’m always a bit curious when someone hides in the libertarian bailiwick. Does he mean more of an Objectivist (of the Ayn Rand flavor) or some other variant?

At any rate, Hoskinson appears to be a realist and that’s good, to a point. Why? Realists are often pragmatists. But Pragmatists can have a slippery nature. They often have range-of-the-moment solutions and brittle philosophical backbones.

What do I mean by that? Let me give an example.

DAO Thugs Welcome

Let’s go back to the DAO Incident. It has many slants. It’s a good example of pragmatic-slanted (as in immoral) thinking. The one Hoskinson seems to play is the “manifesto” slant.  In other words, Ethereum should not have changed the code “manifesto” to stop an alleged thief but allowed the alleged thief to steal because that’s the way the code “manifesto” was written. Huh? Is that any better than a fervent Bitcoin supporter decrying the latest fork, that Satoshi Nakamoto must be served?

That’s how pragmatists think. Sleep in your bed, you made it – even if the window is open and the rain is blowing in. That’s not smart. Buterin (Ethereum) did the right thing, period. The “manifesto” folks state that you close the window after you discover it’s raining. The moral folks turn their time machine on, go back in time, close the window and sleep soundly. Why wouldn’t they?

Years ago I was standing in line at the local convenience store. There was a lady in front of me and the cashier advised her that her child was stealing candy. The mother’s response?

“If you didn’t want kids to steal your candy, you shouldn’t put it on the bottom shelf so easy for them to reach.”

You can understand where the mother is coming from. At home, she probably doesn’t put the cookie jar on the floor, but she was not home. She was on private property and refusing to take responsibility for her son’s actions. She was growing up a future thug and claiming that her son was a victim of the shopkeeper.

I submit, Ethereum Classic (ETC) is that wayward mother. It was the fault of the shopkeeper that a child stole the DAO candy, sayeth ETC. Reminds me of Bytecoin. They tell you there was no premine. Then ETC proceeded to put cages and bars around the groceries and candy, after the theft, to show that they supported the “Thug Life.” Here, we’ll even make some free ETC’s for you to steal again, just to show our good faith. We stick by our manifestos. If we ever put our candy on the floor again, by God, you can steal it!

Now, since Ethereum did make that decision to do the right thing and not the pragmatic and expedient one, it has not failed. Ethereum Classic (ETC) has not yet failed, but it soon might. At least that’s the impression I’m left with reading Hoskinson’s latest blog. Unless it fixes itself. But how does an appeaser coin (ETC) do that? Maybe they know it’s dying. Maybe they should admit their mistakes.

This is what I mean by having a brittle backbone. Anyone choosing not to make the victims whole (DAO Incident) has sided with the criminal in the name of the blockchain. A computer code. Really? And these are some of the same people who bring us Cardano? I guess Cardano is their “religion.” Have faith, brothers, the indelible (immutable) blockchain is “amoral” and cares not. We know this. We know that machines cannot yet think and make the right decisions, hence humans must make it right — when that’s possible. The human might have to take the damned machine thing apart, add a new piece, rework a gear, upload more software, and put it back together. That’s why humans can and should fix broken blockchains, even if that means rolling them back, most especially if it can make victims whole again. It’s not about the manifesto. It’s about what’s right.

World Winds

Another point here, that Hoskinson indicated, was how to work with people. Sometimes it only takes a beer with a pal. There’s a negative aspect to that. No, not about the alcohol, but about appearances and by that, I mean “world traveler.”

Hoskinson sends out pics of him hamming it up all over and it “appears” that he is enjoying himself. Great. (Peter the Great?) That might work for many, but Americans (I’m one) don’t often like a guy sending his pics, eating well and visiting the socialist hotbeds on investor dimes. Yes, we know it’s good to try to bring the Neanderthals (socialists) into the fold, but sometimes you must let nature take its course. And yes, we can see the effort to show the human side, but the Cardano PR department needs to do their work.

This was one of the reasons I felt that Cardano (ADA) had some issues after watching these pleasant sojourns; and that it might influence “investor relations” in a negative way. Guys like me, who have no ADA’s left. Too much risk. Let other’s buy the beer.

Young Wise Man

Intelligence. Yes, we know that a lot of the guys in this space are sharp, but weasel words can get you into a pickle. It’s not that geniuses must communicate at a basic level for the general population (the hoi polloi) to understand. Using high-brow verbiage can earn you accolades from academia, but the tone of it comes across as bitter and aloof at times. Like the wise young-old man who should probably shave before he sits atop the mountain and dispenses political advice, free of charge. Stick to code.

Socialist Window Dressing

Perhaps most troubling, at least to me, is the admission that some of the employees in the Cardano (ADA) project (IOHK etc.) are hardcore socialists and conservatives. This admission seems to imply that this “diverse enclave of thought” is somehow a good thing. Like there is some pride here. And, in the end, if others believe this, it could be, so long as everyone is fooled.

But it seems defensive at the same moment. As if someone is attempting to whitewash the fact that socialists are against free and fair trade. That they are pragmatists born of a type of pure dictatorial democracy. They are usually against private ownership. And conservatives (in the US) are now partially socialistic. It is to me, an appeal, by Cardano, to the rotten systems of Europe and the lesser free world. (This is not to say the US is perfect, but it’s certainly less socialistic than England or Canada for example.)

Can you imagine, dear reader, allowing a thief into your Cardano safe? Think about it. You have socialists involved with a monetary-like system. Oh no, we watch them closely, sayeth the programmers. And no again. They have influence. Even socialist window dressing lets a little dark in. They could have their hands on the code (ADA’s) as we speak. But they have your best interests at heart. Don’t worry. Have a beer. There are so many successful socialist countries, after all. The former USSR, Venezuela, Cuba and the list goes on and on.  

Summing Up

Watch your wallet but make money off the fools. I still think Cardano has potential, but I sense that someone is under pressure to instill a clear vision, but he is using smeared and cracked and rose tinted goggles. Has been for some time now.

Cardano could outpace many other cryptocurrencies but the most influential minds in this project need to cement their philosophies (take a stand) at a core level and refuse the slippery backward world of the pragmatic socialist. It’s not what’s practical but what’s right. Remember that Vitalik had the balls to make it right. (It’s only a suggestion but I think it’s too late.)

Looking at it again, I would posit that the American Conservative would say, “Get them there commies out of the Cardano coding rooms.” …not quite understanding that they are on the way to Red Square anyway.

The Libertarians? Hell, they are all over the place. Who knows how’d they’d react. The fact that anyone (Hoskinson) would choose to wear that cloak today, without some bit of clarity…is so pragmatic.

The thing is, people will pile onto this, if it works. That is, until the socialists and those lacking any moral foundation, begin to loot it. They always do in the end.

But you be the judge, jury…and executioner.

It looks like Hoskinson’s latest post is already doing its damage anyway.

Thanks for stopping by to see it off.

Jack Shorebird


P.S. Here’s the blog I referenced. Educational, but slanted.

 

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Are EOS and Telegram in the Bull Pen?

Now that we have witnessed the fall of cryptocurrency prices are we about to see a resurgence?  We are advised from the newest latecomers, Wall Street transplants, who have “seen the light,” that the recent ‘retail bubble’ (something they call the recent run up in prices) is only an emotional reaction. A temporary trip as part of the longer journey that will see far higher prices (and subsequent crashes) in the next three to nine months and beyond.

And I’m not on about Metronome’s advertisement that it is trying to build a 100-year system. Such bravado is hot air considering the speed of advancing computer technology. Surely, we won’t recognize the Dapps in ten years, much less in ten decades.

But the fact remains, ups and downs lay ahead. Gosh, we didn’t know that.

One guru (Michael Novogratz) implies here that certain cryptocurrencies will attain higher values – at some future point – that will make the recent run-ups pale [my words] by comparison. Currently the entire market capitalization for crypto’s is under three hundred billion dollars but that is enormous considering that last year at this time it was one-third of that. Think back a little farther. Say 2013, April. Then the entire crypto market cap was less than two billion.

If as suggested, the crypto market attains upwards of twelve trillion dollars in capitalization and if bitcoin’s dominance remains around 40% the hint that BTC’s could be valued at over $250,000 each seems acceptable to some. What would this mean for Ethereum (ETH)? $18,000? Ripple (XRP)? $20.00?

And yet, if we check the reviews we’re being advised by Ripple that Bitcoin is now run by the Chinese and maybe that’s not so bad as long as they don’t decide to change the game and they can do that if they are able to process more than 51% of the transactions or if their government decides to order them to do so. Arguably, that would destroy the value of the system but that might be the end game. Is Ripple now pointing out the faults of other crypto-assets as well as coddling up to the regulators and schmoozing the remittance marketers?

The use case debate is in full swing. That each “blockchain” with a good social footprint or one that can solve a problem, reduce costs or secure data efficiently, will rise in value. This seems to be the common sense answer in a crypto-sphere rife with frothy FOMO. In other words, maybe we should bet on the FOMO Coin. (Seriously?) When has this market ever been logical? Maybe the captains of the trade floor are honest. The FOMO machine is alive and well and it has always worked its magic.

So what’s next? What two big bulls could break out of the FOMO bull pen and impale the investor ‘clowns?’

EOS. EOS allegedly has the speed engine and is about ready to take on Ethereum and Ripple. Yet, there are reports of problems after four billion dollars was pumped into the project. Are these growing pains? Novogratz appears upbeat about EOS. Daniel Larimer (of EOS) has had some serious success with Bitshares and Steemit already. We have seen programmers spin-off from Ethereum to help create Ethereum Classic (ETC) and from there to Cardano (ADA). I’m talking about Charles Hoskinson here. He is also a co-founder of Bitshares. Ethereum Classic just jumped in value when Coinbase advised they would be listing it. Will Coinbase list Cardano next? They have not listed Ripple (XRP) and that silence speak volumes.

If you shift gears over to Andreas M. Antonopoulos, for a moment, try to screw your head on straight? you can listen to his not so practical and lightly philosophical defense of decentralized blockchain systems and the consensus mechanism and how governments cannot be trusted to become caretakers of the code, so to speak. In truth, as Antonopoulos advises here, these blockchains (bitcoin) are voluntary and yet the idea that minorities are essentially booted off the network by a super-majority does not seem to bother him. They (the minority) can take their basketball and play elsewhere, he implies. In short, the consensus mechanism to him seems to be a ‘dictatorship by the majority.’ There is no constitutional protection here. No congress. No court. No review. Just a few guys with questionable political backgrounds and loyalties, managing the code you can ‘voluntarily’ use. Is that really ‘digital gold’ or programmed obsolescence?

Does it make a difference if something is centralized, as long as it is trusted? And who does the centralizing? Governments or companies? Programmers or consensus mechanisms? How can we put the cat back in?

Once people make their choice, perhaps as Novogratz suggests, as part of a social mechanism such as Telegram, the FOMO psychology takes over, at least until the retail bubble pops and the dust settles. This innate humanity (FOMO), at least until the regulators step in and allegedly protect those who choose to freely invest, will serve as feeding troughs for the wealthy. But if we know how they profit, we can short the FOMO too.

And that is the other bull in the pen, as I understand it. Telegram (TON).

Finally, we are informed that institutional money is ready to flow in, but custodial issues still concern the big players. Once they figure that part out and one or two step into the fray, trillions of dollars will begin to inflate the largest crypto bubble of all.

What will the repercussions be when the next ‘real’ crypto bubble pops? And for those of us who wish to retain value beyond the reach of governments, how do we balance our crypto-folios in the coming months…and years?

Thanks for stopping by.

JS

The ESP-RV-Spot Price Report on Bitcoin, Ethereum and Ripple

In keeping with the day of the year called April Fools, I have endeavored to employ a Clif High type of Strategy of what I call “ESP Markets of Excellence.” It’s superior to the Webbot technology.

Using my heretofore unknown Remote Viewing capacity, which apparently anyone can master, I will issue a series of predictions beginning now.

For information on Remote Viewing, please see Russell Targ and the CIA’s Stargate Files.


Experiment #1: Bitcoin

Remote writing tomorrow’s bitcoin price using a pen (black ink). One second to quiet mind.

RV1 - Copy

Result: Based on the above, I think bitcoin will either be $8,162, $7,162 or perhaps $2,162 — dollars – on April 2, 2018.


Experiment #2: Ethereum

Remote writing tomorrow’s Ethereum price using a pen (black ink). Two second allowance for mind quieting, but high-speed writing.

RV2 - Copy

Result: Based on the above graphic, on April 2, 2018, Ethereum will be valued at $406.04.


Experiment #3: Ripple

Remote writing tomorrow’s Ripple’s price using a pen (red ink). No time limit or mind quieting techniques, left handed, eyes closed. (I’m right handed.)

RV3 - Copy

Result: By April 2, 2018, Ripple will have the value of either $48.71. I would err two decimal places to the left: 48.71 cents each.


Please note: Remote Viewing is not an exact pseudoscience. Accuracy can be very high or non-existent. However, the Remote Viewing techniques used did not employ the use of mind altering chemicals.

No animals were harmed during these experiments.

 

Google’s Great Cryptocurrency-Blockchain “Delist”


Are you — as a cryptocurrency ‘hodler’ — ready for Cryptogeddon? The greatest ‘delist’ ever performed by a single company? Ready, for billions of dollars in value to be flushed down the internet drain?

Well, hold onto you crypto’s — or not — because the party is starting all over again…thanks to a dominant search engine.

Most people, I’ll venture, could care less if Google, like Facebook, limits advertisers and their ability to search for bitcoin, Ethereum, Litecoin or even Ripple XRP or other dirty things.

But, when Google marries the Thought Police, it’s only a matter of time before the real ones show up.

Google is free to use right? You don’t pay for it. So, who cares if by June of 2018, crypto is dead?

But, it begs the question: where will Google stop? What website, blog, organization, racist comment, naughty picture, fake news, iffy diet book, comedic review, or cat video will be censored next? Seriously, who cares if a cat freaks out?

This is just the beginning. So, in the grand tradition of Big Brother, why not just go for it now?

I suggest Google starts with a blank screen. No history lesson, art work, music, videos – just a dull gray screen.

And I then ask or type my question: “What the hell is cryptocurrency? And follow-up with, “screw Google.”

That question is then sent to the NSA, where it is cataloged, verified, vilified, and disapproved. A copy is then forwarded to my employer, the SEC, the IRS, the FBI, my wife, her mother, the Chinese Government, my kids and a local group of “Thugs against Thugs.”

Then my computer explodes, my house burns down, my dog bites me and a tree falls on my car. A few years later the post office delivers a letter from the Governor stating that I’m under investigation for the crime of “Thinking for Myself!” It also requests back taxes for the new retroactive cryptocurrency pretax or one major organ to be ‘donated’ to the Congressman of my choice.

And we’ve all been there. We google a topic, only to be served ads, not in the margins, but as a direct result of our search – in our collective faces. No, I don’t want vitamins. No, I don’t wear dresses. And how did you know I wanted a cookie? Did the NSA tell you? Alexa? That bitch, she always laughing these days.

Which is okay if you are shopping. Not so fun if you are researching. And there are other search engines that don’t garbage up your user experience like Google does. But none have the reach. Google is that 700 lb. gorilla. But he’s been sitting much too long and he’s getting fat and sloppy and he just shat upon thy rug.

Google…has about 74%…

Google, if you check, has about 74% of the international search engine market. Bing comes in second – maybe at 5 to 8%, depending upon which article you believe. I mean, these figures are only estimates, right? All the rest are far below that, however.

But nothing lasts forever. If you do not give the people what they want, you will – eventually (in a free market) – lose.

Maybe in North Korea, Iran, the New Union of Soviet Socialist Republics, and China – censored search engines and closed Internets are all the rage. But in less unfree nations, people will become a bit friskier.

Google’s bill is paid by advertisers. And Google’s advertising policies are influenced by its major shareholders, i.e., the voters. We get that.

The shareholders own stock, the sales of which are regulated by the U.S Government, i.e., the straw bosses. A no brainer.

The government, of course, issues the money that people use to purchase stocks in the first place, i.e., he who owns the fiat money makes all the rules. Gold is passé.

You see the problem then. We are screwed.

Google is in a tough spot regarding cryptocurrencies. They can be investigated by governments for advertising a competitive monetary system. No such competition is allowed – at least in the U.S. We have “In God We Trust” money now. Heavenly regulated, infused with special powers – pumped out of our banks, at the discretion of the Fed. (That’s where they keep the Monopoly Game Board and the booze.)

Google can be sued by happy lawyers, for advertising investment vehicles that are not approved by governments. Remember: regulation. You must first bow, kiss the Pope’s ring, then pray that you didn’t slobber on his dress.

You are not allowed to make financial decisions on your own. You must (should) purchase “investments” from trained professionals and not “mine” your own cryptocurrency. Who the hell do you think you are anyway?

Free and unfettered markets do not exist in the U.S. It’s a pay to play system – a mixed bag at best. Keep your head down. Work hard, grovel, pay your taxes and die – and then pay more taxes, as a zombie.

And, whole communist dictatorships, such as China, can’t stand cryptocurrencies anyway. Google would lose business in Beijing, Hong Kong and… potentially, AMC Theaters.

China owns AMC now. That’s why I’m not going to AMC to watch movies any longer. Don’t want to enrich dictators. Does “AMC” mean the “Authoritarian Movie Company” now?

The fact that Chinese political prisoners are involuntarily donating their organs also bothers me. If I visited China, would I be placed on the “involuntary organ donor” list? I’m not going to find out.

For the same reason, many of us will voluntarily not use Google any longer. We have dumped Facebook. Why make either of them richer, if they have no spine? The thing is, do any of us have spines?

So, as we approach June of 2018, a reasonable person would think that cryptocurrencies are about to take a nose dive.

Or…will the ones that capitulated early on, survive and conquer? Like Ripple? Didn’t they start dating the banks early on? Then coddled up to the regulators? Isn’t Hedera Hashgraph (SAFT) taking a similar road? Cardano ADA?

Or…will Google fall, as us naughty searchers go elsewhere? Already, I’m seeing more and more readers of my blog bouncing in from other search engines.

Welcome, wanderers from the non-Google worlds. I hope your visit was not unpleasant.

Tell, me – have you found greener pastures?


 

Did February 2018 Mark a Cryptocurrency and Blockchain Market Reset?


Reset - Copy

Dear Readers,

Charts.

They’re great, right?

Not always, but in a few “lines” we can really pick up a lot. Not so with words.

So here is my first chart of the day. It plots the market capitalization of the top five (current) cryptocurrencies from January 1, 2018 to February 14, 2018.

It helps you keep things in perspective.


T5


What do you notice, besides all the ups and downs and such? (Above.)

Hint. Look at the last dip. About February 6, 2018.

What do you see?

A bit closer now.


T6


Is this a market “reset” of some sort?

If not, it is interesting how the top three are nearly equidistant now.

In any event, if you peruse the upper chart, you will see which “coin” seemed to bounce from the resets very quickly.

I wonder if history will repeat?

 

–JGS

 

Data Source: CoinMarketCap.com

If Fiat Currency is the Virus, Cryptocurrency is the Cure


Seriously, nobody has a clue what’s next.

And I’m not trying to sell you on any one cryptocurrency. In fact, I’m open minded. I’ve no problem at all, if you voice your opinion herein.

If you are like me, however, you’ve read and thought and read and invested…and scratched your noggin. Who can you believe? Is it too late to invest in crypto?

You know the answer. You can only trust you. Not Roger Ver, Eric Voorhees, Charlie Lee or Vitalik Buterin. Not Gavin Andresen or the Winklevoss Twins, but little old you.

“…the right time to come aboard…”

And for the record, I think that this space will continue to grow and that the right time to come aboard will be when you are damned well and ready.

You’ve waded though the articles, the graphs, experts and pumper-news. Then, as you sit there, sip your coffee and eat your bagel, sign onto your favored exchange or market, you make your trading decisions. And that’s that. It’s all about you, because there are no financial advisers in the new world. Even the professor types advise you to keep abreast of all the changes.

A turkey-shoot. You decide to gamble on bitcoin or hold as close as you can to a more traditional approach. Say Ripple XRP’s. Maybe a little EOS, spiced with some ADA (Cardano). A side of Ethereum perhaps.

Then you read more of the negative crud.

If you are a bank, you know you are losing when you must label the other guy as risky, however. That’s what JP Morgan-Chase and other threatened financial organizations are doing. It’s all part of a larger ploy (or plot, if you prefer) to stop the financial bleeding. But I could be way off the mark, right? Maybe the old guard won’t lose this round. What about the next one?

“…the final shakeout…”

Think about it. We could be witnessing the final shakeout in the cryptosphere. The next Amazon or eBay is right before our eyes, but we can’t see it. What’s more, the thing we are looking at can change how all of us save, spend, are taxed, and in the end, maybe even how free we will become. And you define the “we.”

Just how big could a cryptocurrency become, if it successfully replaces fiat currency altogether? If it simply adds to the mix? Now imagine that you own a piece of that pie. The right flavor of pie.

But let’s review. How is this new Bitcoin Bubble different than all the past bubbles? The Tulip, the Dot.com and so on? It’s not.

For one, cryptocurrency goes to the very core of the economic engine. The grease in the machine. Money. It’s being remade, right before our eyes and we are witnessing a sea change of magnificent and yet, peaceful proportions.  A technology, by all appearances — an invention – that seems unstoppable.

That’s the line we are fed. The juggernaut is here! Open thy wallet! Be part of the crypto-saga.

Listen closely, do you hear the lonely winds? The howling of the vacant lot where you will keep your trailer, if you dare dump your life savings into cryptocurrency? There is no grand castle here. No amber waves of green. It’s you and bankruptcy.

“…sea of red.”

The sea of red. A confirmation of all the foolishness rides in. There is no one to blame, but yourself. It’s reality check time. Again. With bits of “pump-green.”

I’ve bitten those bullets more than once — and still profited. No, not with fancy options. Not with BTC loans. With study and more study. Similar to what one might do before a good game. Study the players. Study the coach. Who is the General Manager? What of the human element? Did the coach dump a good player and is the team facing that very same player now? (Revenge is a motivator.)

Bitcoin and clan tumbled from its highs. Few if any altcoins reverse that trend or if they do go against the tide of loss, they are mere pebbles bouncing along the bottom of the stream. Billions of dollars in value have changed hands. Early investors have unloaded and profited; and by the looks of things, they won’t be returning any time soon.

Or is that the “game plan?”

Add to that bad news, China’s recent moves to kill cryptocurrency in their country. And stop their citizens from trading cryptocurrency abroad. That’s a big hit. It is also a way to excise a cancer. China, after all, is not a free country by any standard. Removing a fickle financial partner will serve to stabilize the crypto-space in the freer countries.

The bad news just keeps on coming. Let’s face it. This whole space might go “poof.”

When the world got the first modern self-regulated substitute fiat monetary system, called bitcoin, it moved forward, however. It leaped forward. By any measure, it was and may still be, a technological-trust phenomenon for the ages. And humans need trust.

Bitcoin’s progeny? All the rest? The crypto-pack, if you will. They came to devour the bad money – to chase it out. And what a chase it has become. But will it survive?

The pot, however rusted and weak, then calls the new bitcoin kettle, black. The old guard bankers call bitcoin an irksome and annoying bubble.

How can an electronic fiat cryptocurrency ever hope to compete, much less replace, the singular corruption we have today? The devaluing government regulated fiat currency? Without the permission of governments themselves?

Kind of a conundrum, huh?

The banker’s soft gloves fit ever so snugly, over the bureaucrat’s fist, after all. And that is the primary problem today. We need to separate church and state, once again. Only, in this case, it’s the money and state we need to separate. Take the bankers soft gloves off, completely, and peacefully. For it is then, that we can focus on the naked fist of the apparatchik.

“…come home to roost.”

The past remarks from bankers, about cryptocurrency being a minor player, that its transaction volumes were minuscule by comparison, have now come home to roost. A once favored ridicule to comfort the sacred depositor and boost the ill-gotten gains of the fractional reserve inflation banking-gang, is gathering moss. The soft gloves are wearing thin. A horde of trust-technology, innovation-neophytes, are now squarely at odds with their nemesis: fiscal trust, i.e., cryptocurrency at large.

Cryptocurrency was a pastime, a fad, said the bankers saturated with the easy-print riches of government fiat. Essentially, those mongers of the viral-inflation, waited for cryptocurrency to stumble. And then, they attacked — again. A diminutive art of “financial” war, with the weapon of choice, the soft-gloved fist. Use of the fist, of course — the regulators — to tame the crypto-innovators.

It was not enough for the bankers to fire their bubble-gun news guns. We’ve heard endless tales of tulips and bitcoin. How bad it was. How bad it is. How bad it will be again.

And yet, some companies made it. Some weathered the storms of creative destruction, if I may borrow a term from Alan Greenspan, a man who once saw the merits of innovation, until he turned the old leaf over.

Among the wreckage of the Dot.com bubble were survivors. Amazon, eBay, Priceline.com and others. The trick is to see through the barrage of altcoins. To determine the potential winners, beforehand. No easy task.

There will be survivors of this new “Bitcoin Bubble,” as it will come to be known. Which altcoin will make it?

“…a risk to speculate…”

After citing the bubble concerns, the soft-gloved banker-warriors will attack the small crypto-supply lines first. The credit lines, attached directly to their banks. That is in play now, in the U.S. It is a risk to speculate and the banks certainly do not wish to retain such risk. That’s understandable. But weren’t we all waiting for such a move anyway? The slow and easy squeeze? Until we joke about innovation that once was?

Next in line? Debit purchases. No, I don’t think banks will tell you how to spend your money. I think the fist will do that, and the soft gloved bankers will comply, naturally. It’s a team effort. One hand covers the dirty fist.

At the same time the banks are pulling the fiscal plugs to innovation, they are investing in the blockchain technology, and we all know this. But they forget one important factor: humans. We are not so fooled.

Humans know that the current monetary system is fraught with corruption and inflationary disease. Humans know that the dollar was infected long ago and it’s only a matter of time until it crawls into the gutter, like a dying drug addict, and spends its last. The fact that banks want to use the crypto-technology (blockchain) to move the old government fiat around, is not a solution. The infection will still kill the patient, one banker/drug user at a time.

Cryptocurrency, save for certain types (Stellar Lumens for one) are not infected with the fiat devaluation virus. They are limited in numbers. Any bank that uses the blockchain to move government fiat, is pushing the very same inflation virus. Consume with caution. For there will come a time when governments inject massive amounts of the virus, claiming it is medicine. Banks will don the soft gloves then, until they are completely worn out. Then, as the façade banks are today, they will die. The People’s Banks — only in name — will rise. If we allow it.

Here’s the next bit of good news, however. And I’m not the first one to report it. There is a tide approaching. Articulate and savvy investors with billions of virus-infected dollars (fiat money), not here to create cryptocurrencies or to buy stock in companies that are innovating in this arena, are here instead, to buy cryptocurrencies in volume. And remember, once a dollar (or any fiat) has been exchanged for the right cryptocurrency, the inflation virus dies. The patient recovers.

You can see hints of it now.

In the past, as I watched the billions pour into the crypto-sphere, I saw that many altcoins had inverse relationships. One would tank and another soar. Others just stayed the course. There was no general direction.

Fast forward to now. Many cryptocurrencies move in tandem. Is this a sign of institutional money flowing in and out? A sea change? And, are the bankers – the financial houses holding the lion’s share of the money – concerned about the coming withdrawals from their care? Why hold regulated money at all, if liquid cryptocurrency is available. Stability, of course, is the answer. But this alleged characteristic of fiat is the last gasp of devaluing currency.

Again, in the past, many financial researchers warned that the tide of incoming cryptocurrency monies would wreak havoc when the new investors panicked and ordered their brokers to sell. Massive outflows and inflows were expected, and this seems to be the case today. A Las Vegas style game.

Has this fear been manufactured?

Think about it another way. If you are a few years from retirement and willing to risk $10,000 or more in the crypto-markets, knowing it might just help you survive in the coming years; and knowing that your government has issued fiat money and it is beginning to remind you of the Venezuelan bolivar, why not try?

On the other hand, if you are not comfortable with the wild swings in value of the cryptosphere, you should probably stick with metals. Gold. Silver. Copper. Lug them around.

There is a “third way” though. If you are looking for a way to test the waters. To own a semi-cryptocurrency and at the same time, still be connected to the past-money. You might want to investigate Ripple XRP’s. This might also open the door to more gutsy investments in raw cryptocurrencies. Currently, you can use XRP’s to trade for many other cryptocurrencies at a fraction of the cost the exchanges charge. (We are slowly heading into “no-brainer” territory here.)


–JGS

Note: the above is not advice. Stick with your bank adviser for that. I’m certain they will steer you in the right and “official” dollar-denominated direction.

Clif High: Energy, Auras, Inter-Dimensional Entities, and Bitcoin!

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If you don’t know Clif High by now – and you follow cryptocurrencies – I’d be surprised. The thing is, if you try to obtain any recent stuff, without purchasing one of his reports, it is becoming more and more difficult. There are numerous ‘name droppers’ out there who use his name or play older versions of his videos. Even audio clips are fair game. It becomes confusing.

What ever you think of “Clif” as a man, is your own business. His views, Eastern Religious slant, steeped in the stagnant views of the cultures of failure, Buddhism, Gnosticism, I Ching-ism, etc., are well expressed…

But his alleged combination of the scientific method, his blending of math and magic, witches and warlocks, without validating the math (in a public forum) is at best disingenuous. At worst? You decide.

I am of the opinion, that Clif is akin to a Palm Reader.

This is what Clif High does. And really, it’s not much different than what an astrologer does, except we know they are full of it, don’t we? We hope they, guys like Clif or the Palm Reader down the street, might have some special insight, and that is the weakness they prey upon – that all to human thing we call “hope.”

I just wanted to take a little time to “log” a few more of Clif’s words of wisdom for future fun and comparison. Many see Clif as a future seer. A new age psychic. They trust him like you might trust a pastor or a father figure, albeit, a father with some rather radical ideas and zero evidence, empirical or otherwise. In other words, Clif’s predictions, as far as I have been able to discover, are and have always been unsubstantiated.

I went over this video from January 19, 2018. It was a discussion about several topics. But I pulled out a sampling for readers. This is not a transcript. It is a selection of topics. It may help you understand or just confuse you. Two women astrologer types ask Clif a series of questions. What follows is a blur of beliefs. (I will put my comments in parentheses.)

To set the stage.

Clif spoke of spiritual wars (my label), reincarnation, answered questions about sorcerers, and mentioned that in the past, shaman had been targeted for elimination by European powers around the time of the Spanish Conquistadors. He also spoke of people who channel, time, and many other things, including cryptocurrencies.

Here are my selections. In my estimation, one’s thoughts ought to be integrated, but you may feel that contradictory, conspiratorial and even unverifiable beliefs are sacrosanct. In any case, one should know the man, before making cryptocurrency investments – based upon his prognostications.


War, Energy and Cycles

Clif was asked about a war. Not a traditional one, but perhaps a spiritual one. His answers seemed to slip into several areas, so I nut-shelled them herein. They may seem a bit disjointed. Remember, we are in the Woo-Woo world now. Fasten your logic. Suspend all belief, before proceeding.

Clif High indicated…

There has been a shift, people are feeling…there is a craziness in response to these feelings.

We are in a higher level “energy” space Clif said. He explained this energy by referencing what the Russians indicated in 1984, about an energy envelope around our solar system – a cosmic energy – that alters us and our environment. (No source is given.)

This energy and cyclical patterns, such as planetary shifts, depending upon the “spiral relative to earth” … “behind the sun” contributes to a giant energy change. A major cycle, Clif advised, was the 425-year cycle, with a 125-year duration. (No source provided.) And we’ve already “transitioned” [into this duration?] and the “Age of Aquarius has meaning” because of this. In other words, it has a “core” meaning, because of this energy.

(I’m sure you got that, right? Let’s move on.)

To further describe, Clif said that…

…in 1994, we obtained new energies in the form of a “new type of UV ray.”

That UV rays are of type A, B, C, and D now. And D type is rare, with the only recorded reading beginning around 2006 – on the earth’s surface. (Like Wikipedia says – citation needed.)

Clif advised that we are caught within a conflict of energies. That our antennas are receiving these energies as individuals and groups, and then we ‘express’ these energies, but “harmony” is missing on the planet. (What kind of harmony? Blank out.)

Clif spoke of an astrologer who indicated that his (Clif’s) chart (shall we assume his astrological chart?)  indicated that he was…

…“born a warrior.”

Clif feels the “war impulses.” That the war in question, has been going on for a long time, but it’s now at a “consciousness level.” A hearts and minds battle that can be seen in things like the media and the alternative media, and that the latter is replacing the former.

(Does this mean fantasy is replacing reality? What media is being replaced? And by what alt-media? Blank out.)

Clif advised, as an example, that YouTube is thought to be a male dominated media space. The space was used by about 80% males, but that is changing. (Source?) That this is one of the expressions in this larger war. That in ancient times, when elephants were used to fight wars, in the future – due to this increasing energy – we will be shooting energy rays at each other, instead. That this is a progression to the war of consciousness or perhaps between them.

The war of consciousness was again explored. Clif referenced a banned Ted Talk, but he couldn’t recall the details. He said that the powers-that-be have corrected or edited what can be let into our consciousness – as the accepted view of reality. This has been going on for about 500 years.  We are about 425 years into this cycle as the two-major planets circle to our side of the sun. When this happens, major upheavals occur. We are 75 years overdue for a major “social revolution” and a lot of “dangerous thoughts” are breaking out on YouTube.


Inter-Dimensional Beings and Channeling

When asked about the ability of humans to see inter-dimensional beings, perhaps with a sensitivity to the newly discovered UV rays, (remember the “D” ones) Clif explained that “no” it did not work that way. But these beings do exist, according to Clif. They exist in “multiple” forms. Some can be photographed, such as the “strange worms” that fly in the upper atmosphere. These appear to hover over military bases and look down on nuclear bombs and stuff. The assumption is that these worms are “life forms.” (Assumption? Source?)

As for “channeling,” Clif said that there are basically two kinds. One is fraudulent, encountered at times when psychiatrists attempt to hypnotize. This is because the mind will give you any answer. Any answer to get you “off its back,” so to speak. It is similar to extremely enhanced imagination.

The next kind of “channeling” (more legitimate as implied by Clif) relates to meditation, which is the removal of the “discriminating mind” from the process. In other words, the thinking mind is set aside for the “reactive mind,” that you can then respond. A partial use of the mind. In this kind of channeling, you give over a part of yourself – not your soul – but you are not in total control. You move part of yourself from your personality in this process. The personality then supplies the energy to another “entity form” that then supplies the “information.”

(I’m not going to repeat that.)

To further explain, as per Clif, good channeling diverts from meditation at a “very key level.”

In “pure” meditative states, you never surrender the “self.”

The idea or purpose in a meditative state is to examine the self, correct its flaws, model it, and similar. You dive into the self. Whereas, with the “channeling form” or good version, you get it [the self] out of the way and it’s “just not there.”

With the good channeling form, un-reconciled, un-harmonious thoughts, that are out in the universe as “waves” can have enough power to be able to drain or attach themselves like a limpet to the mind, that has moved the self “out of there.” The channeling person then receives information from outside of him or herself.

With this kind of channeling, when you connect with this other entity, you have no idea what the other entity “is.” This entity will tell you things, using what it finds in your mind, letting you hear what you want to hear. The entity does this – channels – by using your “life energy.” (Do we give the entity permission to energy suck?)

At some point in his life, when he was “doing aikido” and when he was “extremely sensitive to the auras,” Clif witnessed “channels.” Clif said, as these people channeled, he saw their “strange” auras as they “dampened down” and went to one side of their head. On the other side of their heads, “threads” extended outward and above, into a “foggy area.” The bigger the witnessing audience, the more energy the entity can gather for the process.

The “entities” are desperate to give you what you want to continue the process.

At the time when Clif witnessed this channel, he was sensitive to it, to auras and such, but he was in control of his self (his “I”). He advised that he was only there as an observer – and he was freaked out by it.

Clif said that he has witnessed this latter form of channeling twice. Once by a multimillionaire (or at least a person who used to be wealthy) but he did not identify the second person.

Bashar. Spelling unknown. This name was mentioned several times in passing. Apparently, this Bashar channels and if you are sensitive to it, and if under some forms of fluorescent lighting, you can see evidence of this process.

Channeling can be dangerous.

The person who channels will “pay the price” in their next life. The price being the inability to tell the difference between “reality and unreality” in that next life. They will be twisted, mentally deficient kinds of people, i.e., schizophrenics. There is a lot of information from the yogis, which supports his “understanding” of this process, Clif advised.


Time and Reincarnation

As to “time” we do in this life, refer to it in a linear fashion, Clif advised. “Perhaps” time can be better defined as a loop, because “within time we know that there are many cycles.” These cycles coordinate, lump together and similar. (Great!) Within this time-loop construct, as Clif understands the cosmology/reality of it, he is but 1/12th of 1/3rd of his “greater being.” There are five more beings (bodies), that may or may not look like his body, when they “incarnate.” These other beings, share his current “I-ness.” There are also six female bodies that share his/the “I-ness.”

The routine, as it applies to the pre-incarnates, is a male then female incarnation in “series.”

Going back to time, Clif explained that this loop of time makes the idea of before and after an inappropriate description. Depending upon what part of the loop you or your incarnate occupy, as the loop runs (my understanding) you may be recycling in a time – re-looping.

Clif also indicated that there is a “long rest” period between your heaven and your hell. The more energetic you are in your life, it is thought, the longer the rest is. And those who do not get enough of this pre-incarnate rest, can end up insane. This also explains why high-energy people will “betray” that they have an affinity for a time in the past. In other words, they were resting longer and that was their previous time loop period – as I understand it.


Regression Reading Theory and Coaching

Regression to 500 years or even 3000 years in the weird time-loop, also explains this long rest idea, Clif advised. For example, during regression research, people may give bogus information, but information from the last correct time-loop period, in which they lived. This explains why some might report that they were Cleopatra in a past (time-looped) life, when they may have simply lived in that period as a common citizen.

Both the psychic and participant during a “reading” (regression process), can be described as “antennas,” Clif advised. Each is a “standing wave.” In other words, they are not solid, really. The balanced and sensitive psychic, via induction, due to his/her proximity to the participant, picks up the broadcasting/receiving from the participant. Psychics induce a sympathetic ripple to see what is going on inside the participant’s standing wave. Although the “reading” may be 100% valid, the source is unknown. Whether it emanated from the participant’s mind or was expressing some “temporal peg to what’s going on.” Hence, questioning is a good idea, but discounting the reading’s impressions are not necessary.

As a standing wave, however, we are not necessarily in-tuned to our own interpretations. (Unclear.) A psychic’s mind might receive “temporal peg” impressions, like the type of clothing a person was wearing in a past life.


Speaking in Tongues

Clif advised that “speaking in tongues” could be a sign of mental health problems. He refers to it as the first kind of channeling and that it is false or invalid, if it is deliberate. Often these “snake handler” types induce a fugue-like state, but it does not necessarily involve a connection to the entities, previously indicated.


The Standing Wave Antenna User Manual

Some psychics use a Daoist-like (or Tao) system to read people. This is similar to sampling the zeitgeist at a given moment. In the Dao, the Dao that can be named, it is not the Dao, Clif advised. Or the pulse that can be named, is not the pulse. Once one says or identifies the “pulse” it has already happened many times over.

This kind of “awareness sampling” is using our standing wave antennas, taking a snap shot of “it” at that moment, as a representative sample – of where the rest of the universe is – and seeing how those vibrations are then influencing our standing wave antenna. This is an extremely valid way to guide yourself through reality, Clif said.

The Chinese formalized this system in the “I Ching,” and things like the divination sticks. Other societies would “gut” chickens and read the entrails. These are attempts to read the “pulse” that is left on reality, Clif advised. Using these readings, as our brains are pattern matching machines, people would then forecast the future.

In a sense, this is what Clif says he does. He samples the zeitgeist using different languages. In a psychic’s process, if they can keep their standing wave antenna properly aligned (my explanation), readings might be more accurate than Clif’s (webbot?) process. But only if the psychic can filter out “the mind” which will try to answer the questions posed and trick the psychic. As a way to ‘tune in,’ sometimes the psychic will need to coach the mind to relax, to let go and not answer questions, to just be there, that one can hear the “pinging of the universe.” This is really where our “psychic envelope” exists.


Not as we see

Our bodies are not as we see them. We are layered egg-shaped energy fields. The key, is to tune yourself to reach out to your own fields and feel the other energies coming in. In this way, a psychic, may sense the evil (my word) energies coming from others and actually have a physical/emotional (fear) response.


Gnostics.

The Gnostics were trying to say, and Clif agrees with them, based on reviewing evidence, that the Archons are real. They are easy, usually, to defeat and have to do with the war, mentioned previously. Think of them as the dark side of the force, Clif advised.

Clif indicated that the killing of a Gnostic leader (Hypatia) in ancient Greece, is directly related to bad things happening thousands of years later. He spoke of the destruction of the Knights Templar, by the Roman Catholic Church and the King of France. The Inquisition then, began since the Templars were out of the way.

Later, when Gnostics in Southern France were reincarnated, they recalled this battle against them. They may not have had the “knowledge” of past lives, but the viewpoint goes from life to life to life. As an example, Clif advised that in his next life, he will still be the same old bastard.

However, Clif does foresee that for the next few thousand years, we will subdue the Archons. Then things recycle, and they, the darkling ones, will subdue the good.


Turning People

There was an interesting discussion about how the Japanese, during war, turned enemy spies into weapons against their former masters. That this was considered the best weapon of all.


The Truth

Clif also advised that holding to the truth (that was the truth) was also a great weapon. (Make sense?)

The universe provides what we need to struggle against; the challenges that we need. We may not necessarily want those challenges. You can even ignore these challenges, but eventually, even if in a future life, you will have to accept and deal with them.


Sexual Intercourse and Pedophiles and other Conspiracies

It is possible, that during sexual intercourse, a bidirectional energy exchanges occurs. That this process – exchange – builds one’s energy. The exchange energy transmits through the vagus nerve system and other parts of the body, except the adrenals.

Why is this important? The pedophiles of course! Because those pedophiles want to extract youth/longevity energy from unwilling participants. They attack/dominate children to accomplish this. In a pedophile’s mind, after puberty, those youth energies and the post-pubescent persons themselves, are less susceptible to theft or extraction of their “energies.” After puberty, certain key forces (vibrations) – energies – do change, according to Clif.

The pedophile thinks he/she can harvest the adrenal (maybe he meant pineal) glands of children(?) and make this into a drug, that may be taken intramuscularly. They are attempting to obtain a portion of the “distilled universe” in the form of adrenal gland extract(?) – and get something out of it.

(The above appears to be based on a conspiracy theory. See this video for more. If this has any truth, however, it is disturbing. Thus far, I have found zero validation, however – so don’t sweat it.)

Clif advised that there is an addiction side to this issue and if you research Satanism, for example, you will find the underlying idea of an energy transfer. An energy vampire etc. Drinking blood? CEO’s from corporations transfusing blood from children? (Come on. Where’s the source Clif? Just one.)

The implication here, is that the system (powers-that-be) is just now coming to grips with the reality of all of this and it will take years to get the word out. Clif gave an example of Prince “Chucky” who had a life-long friend who was a necrophile. The implication, Clif implied, was that the prince might also be involved. And that the English have not reconciled this problem. The House of Windsor will fall? (No sources given. Careful Clif, you might piss-off a Royal.)

Clif goes onto hint that Obama’s $64,000 pizza parties were related to pizza gate? That Oprah Winfrey knew? (Careful, Cliffy.)


Zen’s Lenses

Examining the “I-ness” in a Zen State, where nothing else exists. As you head in this path it makes you question things. The universe makes us as we are, Clif indicated, bringing us into existence at a particular time and place, under stars, aligned to prescribe our characteristics., i.e., astrology.

In Clif’s case, he was brought into this universe as a warrior, in a time of warriors – at the height of wars. That’s why he spent nearly two decades in the military. (That’s what he implied.)

The best that Clif can do, even in times of peace, is to harmonize with the universe – as it designed him. To become the best warrior he can, at every level. (His words.) That we are essentially universe tools. That “universe” (not ‘the universe’) has a task in mind?


Cryptocurrency Related

Bitcoin, after it is mined out, will still have things like Rootstock. Fees can still be collected via running smart contracts and therefore support the network. Bitcoin becomes scarcer at that point, but it also becomes more of a known factor.

Moving on.

Litecoin, will reach approximately 1/5th of a bitcoin in value. It will be used for point of sale and Amazon might use it as well. No dates/times given.

Pillar, will have an unknown price point, but it will become the primary wallet to compete against. March 2018 is good?

Populous, is a strategic hold. Passive income. Years in the future, holders may be like “trust fund kids.”

Ethereum will continue its up and down pattern. Competing against bitcoin and because of its niche, it’s against EOS – the Ethereum killer. It will also have to contend with Rootstock.

Monero and Cloakcoin are showing up in Clif’s reports in small numbers – bits of chatter.

Sidenote: The use of cryptocurrency in any large way, by drug cartels and such, would spike their prices – bitcoin at millions per coin. It would be difficult to use cryptocurrency in this way.


Other

Attention EconomyClif mentions “Metcalf,” but he was uncertain of the name. Compares cryptocurrency or interest in it, as a self-driving force or growing attention economy. A positive feed back loop and not a tulip bubble, for example.

Hydrogenated Water – Clif says it gives you energy, but magnesium additives leave residues. The hydrogenated water does not alter the taste, he said.

Shampoo and Deodorant – Clif says he doesn’t use either. But he does use natural sandalwood soaps…and they are “harmonious.”

The Chemtrail Conspiracy – Someone has to be paying for them. The military has become very subcontractor dependent. During the recent government shutdown, Clif posited that these contractors might be exposed, if payment for their services did not arrive. The implication was that the government is paying for the services.

On 9/11/2001 – when the terrorists knocked down the Twin Towers – everyone should have been aware that the chemtrail spraying stopped. (Planes were grounded.)

About four days after planes were once again allowed to fly (in the US) after 9/11, the chemtrails reappeared. This, according to Clif, validates the conspiracy. (Source? None.)

Thinking and Destiny – Clif mentions a book titled Thinking and Destiny. He explained that some of the ideas he discussed herein, are from that book. He gives a short synopsis of the book in the video, about Doers and Thinkers and how this process of learning is carried over during reincarnation. (Note: some fiction authors read this book.)

Alcohol – Drinking as opposed to using marijuana, opens one up to Archonic (evil) forces. The translation of the Arabic word for alcohol, for example, is ghoul, Clif stated. To decompress, one should use one of the seven plant teachers. Clif gave an example: THC. Clif said he tried to drink when he was in his 40’s but it messed with his vibrations.


And that is all for now. I hope you enjoyed this version of reality with Clif.

Be careful where you get your cryptocurrency information.

 

— JGS

 

 

 

 

 

 

Cryptocurrency Fake-News, ZeroHedge, Clif High and other Palm Readers

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Dear Crypto-Readers,

There are two places on the net where cryptocurrency and other information is highly suspect.

Use these sites and people, at your own risk.

They are:

  • Clif High
  • ZeroHedge

Coming from an investigative background, the fact that this “fake news” spills over into the cryptocurrency environment, is not news. The news is the reliance by some bloggers and hidden “news” sites, upon questionable sources. In fact, even legitimate organizations sometimes cite questionable sources.

Why?

Sensationalism?

Click-baiting?

You bet. It’s all about the ad revenue. Even I like that. Last month, I took my wife to dinner with the money I made on this blog. Thanks readers.

But first, before ZeroHedge (I will not link to this site due to security risks) I want to bring up an internet personality. I have mentioned him before: Clif High. (I’ve linked to a previous piece I wrote about him.)

Suffice to say, Clif High appears to sell conspiracy theories, based upon his belief in ESP. He is the silver-tongued devil of the future, that never quite materializes. He makes blatantly false predictions and it’s a wonder people continue to support him. It’s curiosity, he’s fun to watch, but also morbidly interesting. 

As an investigator for several decades, I had the opportunity to interview/interrogate thousands of criminally insane people. For these reasons, I sometimes watch Clif High. I’m not saying the guy is insane, I’m not a doctor. However, Clif sure leaves that door wide open. And, I’m guilty — I still watch him.

But Clif High, even if that is a pseudonym, puts his face to the music. Maybe he likes the attention – the fame. Many folks with that burning desire to be recognized, live fruitful, public lives. They are entertainers, in a sense. And we pay to be entertained. Of course, he has his diehard cult following. So be it. At least his detractors can lambast him – publicly. And Clif dishes it back out. At least Clif has the guts to stand in the limelight, be it the laser of truth or his ever-changing contrarian view of the near future.

And you have to respect old Clif’s tenacity.

Then there is the dark side. The shadow conspiracies. The quasi-blogs and secret “.orgs” plying their trade. Is it real or is it fluff?

Aside from the accusations against Clif High (see link above and read reader comments) at least he’s not hiding like ZeroHedge. Those people publish and hide so completely, that every word they type, is suspect. Sure, we know that anonymous reporters can uncover information, but at some point, the information can be verified. Not at ZeroHedge. At least not most of it.

For all of Clif High’s odd beliefs, he has on occasion, chowed down on ICO altcoins, torn them asunder and spat out a decent review.  I wish he’d take after ZeroHedge.

I used to read ZeroHedge. It’s fun. A sort of Dredge-the-Bottom Report. Occasionally, it puts you on a trail of something good. Something interesting. However, after the site was probably hacked I refused to visit. In fact, in a sense, it is unethical for anyone to hide a link in their blog, to a potentially risky site and not advise readers of same.

What do I mean?

Legitimate bloggers should choose to protect, as much as possible, their readers’ digital security. If there is even a hint that a website is hacked, has an unknown or hidden location, is based in a risky country, has owners from risky countries or in any way makes them suspicious, then they should not link to the site.

Am I perfect? No. Could I make a mistake and cite a source from a website that is spinning its news? Sure. Usually, I let you know if I think the source is off the mark, however. And if the “writer” uses a pseudonym, like me, no problem. If you cite legitimate sources, you’re golden. Hell, many reporters and writers have dozens of handles.

But Tyler Durden? The Wikipedia entry about ZeroHedge, should make anyone sit up and take notice:

“Zero Hedge’s content has been classified as “alt-right,” anti-establishment, conspiratorial, and economically pessimistic, and has been criticized for presenting extreme and sometimes pro-Russian views.”

Not only should the pro-Russian views clue us in, but the “conspiracy” classification is on par with Clif High’s antics. Take both sources cum grano salis – with a grain of salt. And take Wikipedia itself with a grain of salt. Check their sources as well.

According to Business Insider, at least one of three men suspected of working/writing for ZeroHedge, a Bulgarian by the name of Daniel Ivandjiiski, was “kicked out of the securities industry during the height of the financial crisis in 2008 for insider trading.”

Another suspect ZeroHedge man, Colin Lokey, may be:

“…an emotionally unstable, psychologically troubled alcoholic with a drug dealer past…”

Tim Backshall, a 45-year-old credit derivatives strategist is another suspected writer for the conspiratorial newsletter-blog. This @credittrader appears to be his Twitter account. His listed website is capitalcontext.com. You guessed it all hidden info. And his tweets are full of ZeroHedge charts. Curious.

There was also a hint that Colin Lokey used or invented the Daniel Ivandjiiski and Tim Blackshall names.

But ZeroHedge does not always post unsubstantiated or bogus news. In fact, they have been accused of outright plagiarism. Lifting or citing other stories that they could then blend into their narrative. Generally, it’s a pessimistic view of world finance and politics, and the environment. One sided. On the other hand, their stories are often hard-hitting, provocative and full of charts. Just don’t go checking their sources. You’ll find that the numbers don’t always jive. Some have accused ZeroHedge of 90% lies, 10% questionable facts.

In any event, before you visit ZeroHedge do a little research. A little Scamadviser checking and internet backstory reads. Here’s what I found. I added to the already growing number of concerns about ZeroHedge as well.


Four Risks of ZeroHedge


Risk #1 – You are being Hacked

Let us start with this. Did you know that every time you visit the ZeroHedge website to read a blog, you may be risking your digital health? The website may be hacked. This alone, if you are serious about keeping your money and identity safe, should be enough. But let us add fuel to the fire.


Risk #2 – Mystery Website

Each time you visit the ZeroHedge website, from where are those bits and bytes flowing? The origin country? Well, there is a good chance you are reading a Canadian alt-right website or maybe you are pulling data straight from the US or the UK, but the fact is, the location of the ZeroHedge website is unknown. It could just as easily be in Moscow.


Risk #3 – Mystery Owner(s)

Who owns the ZeroHedge Website or company? Well, not Tyler Durden. That’s just comedy. The fact is, the owner’s identity is unknown.

There are only a few good reasons to remain anonymous. You are divulging legitimate secrets and you are concerned about your safety. You are lying like hell and are also concerned about your safety. There are other reasons to remain hidden as well, including using the anonymous angle to make others think you are a “deep throat” and not a run-of-the-mill click-baiter. To make money from the advertisers is another great reason to create and use the anonymous mystique.


Risk #4 – Bad Actors?

Although there is no “guilt by association,” unless the strings connect, an associated business service/address is ABCMedia 300A-219 Dufferin St. Toronto M6K 3J1. They are the web service for ZeroHedge.

Here is a google map of that location, in Canada.

The actual name of the service is easyDNS Technologies, Inc. They are known to be associated with Wikileaks, according to this Wikipedia entry. The company owner’s name and country is hidden, but it could be Mark Jeftovic. The website location is also uncertain.

Here is Mark Jeftovic’s Twitter account…easyDNS CEO. Libertarian. Contrarian. Bookish. The “E” stands for “easy,” as it states on Twitter. He is a known blogger (curious) in the ZeroHedge vein, on Markable.com. That’s a potentially risky website, hence no link. Suffice to say, it’s almost like reading “early” ZeroHedge.

The Markable.com address is listed as 67 Mowat Ave, Toronto, ON, M6K 3E3. That is here. It’s the Toronto Carpet Factory. If you notice, it’s adjacent to the Dufferin Street address of ABC Media.

If you look, you will also see another website listed on Jeftovic’s twitter account: guerrilla-capitalism.com. The name speaks for itself. It’s a newer hidden website, with a hidden owner in a secret country. Its listed address, you guessed it, Dufferin Street. Try 304A-219 Dufferin Street, Toronto, M6K 3J1 to be exact.

There is other curious news about EasyDNS as well.

According to The Register (United Kingdom) in a 2013 article titled “Canadian operator EasyDNS stands firm against London cops.” The Police’s Intellectual Property Crime Unit requested the EasyDNS take down websites selling pirated music/movies. EasyDNS refused. Did they support crime? Seems that way.

When you compare ZeroHedge’s “use” of copyrighted materials, to EasyDNS allowing hosted sites to profit on pirated content, things appear to shift alt-right, in tandem.

Furthermore, from Wikipedia in 2014, “…CEO Mark Jeftovic referred to the National Association of Boards of Pharmacy as a “batch of clowns” after it sent EasyDNS and other registrars a document issuing guidelines on when to take down domains of suspected “rogue” pharmacies without court orders. The memo included instructions which would put registrars in violation of their ICANN Registrar Accreditation Agreements.”

What happened? Death.

“Some months later EasyDNS modified its takedown policy after a man died after taking a “controlled substance” codeine phosphate purchased without a prescription from airmailchemist.com, an online drug seller registered through easyDNS Technologies Inc. EasyDNS was not aware of airmailchemist.com’s presence on their system, or the fatality until they were contacted by a Wall Street Journal reporter investigating ICANNs policies on unlicensed pharmacies. ICANN had not notified EasyDNS of either the FDA complaint nor the fatality. Once informed, EasyDNS initiated contact with the FDA and the domain was immediately taken down. EasyDNS now requires online pharmacies to provide proof that they are licensed.”

Another source of Jeftovic’s blogs is Medium.com. Again, I won’t link to that site since there have been reports of hacking there as well.

 


Conclusion:


In conclusion, the websites and names associated with ZeroHedge are fishy, to say the least. The site itself, may have been hacked, putting any visitor’s digital information at risk — and this includes bank accounts. The hosting service (easyDNS Technologies Inc.) for ZeroHedge may have and may still be, assisting criminals — the ones who steal digital information. The name/owner associated with the hosting service are also associated with websites and are hosted in unknown countries. The hosting service in question is associated with WikiLeaks and could simply be a mouthpiece for them…and WikiLeaks has been known to compromise identities, to include medical information and social security numbers of individuals —  per this Wikipedia entry.

But you be the judge. Buy/sell cryptocurrency or stocks, based on ZeroHedge’s advice and see what happens.

Or use common sense.

Personally, I don’t think the current “correction” in cryptocurrency is a correction at all. This stuff is outside of the normal channels. It sings to its own tune. That tune, in my thinking, is you.

Choose the dying fiat “reality” or choose — just a little — freedom cryptocurrency. But remember, both exist.


 

 — JGS

Electroneum to Overtake Bytecoin: Speculation


Taking the deep dive, you will find the black pearl?

This is a second look…

Finally, Electroneum (ETN) appears to have some action. It seems to be drifting off…again. It’s what you might call a long shot, in the semi-private cryptocurrency “industry.”

And it could easily overtake Bytecoin. Personally, and I know a lot of folks love Bytecoin, I think it will eventually shuffle off its mortal coil, however. In any event…diversify.

As you may recall, ETN’s are based on the CryptoNote/Monero protocols. But where Monero tends to stay completely private, leading to accusations of criminal, as well as having privacy and security benefits, Electroneum is gambling that it can eject the criminals — in my view.

How will Electroneum keep your funds private, if they are a known entity? Good question.

If all of your altcoins are stored in the ETN database and/or cell phones, it seems only obvious that investigators chasing drug dealers (and tax evaders) need only serve a search warrant and require Electronueum turn over records.

However, by comparison, that extra layer of protection also keeps everyone else from watching where and how you spend your cryptocurrency.

Bitcoins are far easier to trace. That’s why businesses have not adopted them on a large scale. They seem to be more partial to Ripple XRP. (Hint?)

ETN’s are by nature, untraceable. More cash-like. And people oriented.

Monero XMR’s are even more secure than Electroneum ETN’s. The trade off is customer service and known players. We know who runs the ETN business. And we hope it is easier to use than Monero or Bytecoin — and that it will be accepted by retailers.

So, with ETN’s, we actually have less privacy than XMR’s, but far more than Bitcoin and clan. That goes for Ethereum, Litecoin — you name it — as well.

“…security and privacy…”

It is only when you venture into the CryptoNote coins that you begin to think “security and privacy.” And there are a few other non-CryptoNote altcoins now that attempt to secure your altcoins, but they are not necessarily as time tested.

When they first debuted in November 2017 (when we could buy them on an exchange)  Electroneum came with a tad of hoopla. Starting out at about nine cents (US) each, they spiked to over 23 cents in short order. That seemed to say that they were on the right track.

But what happened? They were attacked.

Somebody hit them with a Denial of Service (DDoS) attack. Why? Was it jealously?

Now, this kind of DDoS attack is the chicken’s way of hitting back. It is a last resort blunt force action by those who simply overload the system. It is a criminal act. However, it can also be used to cover-up and hide the real hack. Hence, the Electroneum action to ensure that there was no long lasting damage by pausing services…in my opinion…was a good one.

“...two cents…”

By the end of November (2017) ETN’s were still trading, but down to two cents each. The attack did have consequences. (I hope that any big short-sellers were scrutinized.)

Then the weeks dragged on. Electroneum sent out news updates and advertisements. Apologies came. Momentum was lost. Dull.

And we waited. In the meantime, trading continued, and you could send or receive your ETN’s very easily — as far as we were aware. I mean, you could, and I did, but I was not sure if they arrived in my wallet. But they did and all was well.

“…40 million…”

A firm (Hackerone) was hired to check the ETN “books” (their code etc.) and they probably crossed their fingers. There was a lot of money riding on ETN’s continued  success. About 40 million, but I’ll wager there was a lot more.

It was a bold move to bring in a top company to essentially clear your name. It told the world that Electroneum was serious. They were not scammers. And that they were willing to stake their millions on it.

By the end of November, ETN trading began to pick up again. Even as the coin lay in a sort of limbo, and as the scam-coin accusations flew, the climb in price continued. Still, the promised web wallets were offline.

By mid-December 2017 ETN’s passed 13 cents and things were looking up. But the ETN’s cracked-up again. It is possible that many investors had had enough and dumped.

ETN was now in the nickel store. A whole five cents in value. It seemed that the DDoS attack had succeeded.

A few more days passed. ETN’s drifted.

The December 13 “relaunch” came and went. It did not look good.

Then yesterday happened, December 17, 2017. ETN’s began to climb again. To six cents, then seven, then nine, then…down…

Currently, you can only buy ETN’s at Cryptopia. And I’m not advising anyone to buy them.

And don’t knock Cryptopia too much, but I hope that other exchanges will soon offer ETN’s. If so, it will help to stabilize the coin as well as prevent it from becoming a captured product — like a monopoly.

As I have mentioned before, Bytecoin was the first privacy altcoin on the market, but it has some allegations against it. The stink of it has floated around the net for years. Clung to it, but it was not so much about the protocol.

In fact, the Bytecoin protocol was later investigated formally, by a Monero hired reviewer and it was generally positive. It was about the alleged 80% premine, that has stuck to Bytecoin like a thorn.

If the premine is true, and there have been alleged denials by Bytecoin Team members, it could be devastating for investors if the original anonymous developers decided to cash out. And that has always been the problem. No identifiable person has ever stepped forward, verified he/she developed the code, and proved otherwise.

And that’s not all the problems Bytecoin has had. There are concerns that the original team is a fraud — a fiction. Not one of them has ever be verified. That the altcoin was sold to other to developers, is another allegation. That Cryptocurrency Exchanges have had problems with it and de-listed it. Cryptopia, for one. Yet another problem.

But the new money is flowing in and Bytecoin has recently soared in value. I think this will be short lived, as investors will once again be fleeced, as BCN’s deflate.

Where will that money go next?

“…Bytecoin’s coming sell-off …”

Monero (XMR) developed from the “ashes” of Bytecoin and they have been very successful. Most of their developers, like those on the Bytecoin Team are unknown, however. So, will Bytecoin’s coming sell-off that I am predicting, go into Monero?

The next choice, in this venue, might be ETN’s. I think they will overtake Bytecoin.

It is not such a crazy idea. That is, after the initial ETN investors (not me) recoup their investment by selling.

This one looks like a HODL, to me.


Note: For the record, this writer does hold a small amount of Electroneum and all of the above words are personal observations, having little to do with fake news.


jgs