Whoever Has the Crypto Makes the Rules

This post originally appeared on steemit.

 

“The past is never dead. It’s not even past.” – Faulkner


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“I am talking about the creation of money and value out of thin air,” he continued. “Governments now look at [cryptocurrency] like it’s a novelty but the bigger it gets the less of a novelty it becomes.”

“And that is different than what the banks do?”

“Yes much different. We don’t just “make up money” we have to do much more than that.”

“How do you account for fractional-reserve banking then?”

“Through accounting. It is a widely accepted practice and has been around for a long time and thoroughly tested”

“Accounting has changed though, there used to be daily audits, now they are done quarterly, which with the increase in technological advancement, that has increased in time to do so by 9000%! Plus traditional accounting methods cannot reconcile microtransactions, most of your software only allows two decimal places, which is utterly useless now.

“Look, we don’t do anything wrong. We follow all the rules.”

“You and your kind made the rules.”

“That is just a popular lie told by conspiracy theorist.”

“Your ad hominems don’t change the truth.”

“Look, if you came here to argue you can leave.”

You called Bitcoin a “fraud” and then your company basically bought the dip. That’s market manipulation, which is not new to your firm. That’s fraud. Plus you said, and I quote, “It’s worse than tulip bulbs. It won’t end well. Someone is going to get killed.”. That sounds like a threat if you ask me. You merely fear this cryptocurrency movement because it threatens your power. You will no longer be the debt-slave master on top of the world…”

“THIS INTERVIEW IS OVER! GET OUT! SECURITY…”

“Easy sir, you don’t have to shout. I’ll see myself out, sheesh…”


Stay tuned.
Stay interesting.
Stay Strange.


MichaelCreated by Michael Paine


Join me on the BitShares Decentralized Exchange
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Beg Your Pardon

“He that will not submit to the labour of ploughing must submit to the shame of begging.”

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The Mathematician Who Cracked Wall Street

This post originally appeared on steemit.

 

James Simons is ranked #49 on Forbes List of Billionaires.


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James is also #1 in the category of “Highest-Earning Hedge Fund Managers”

So what is his secret of untold wealth accumulation?

Predictive signals.

Yeah, right, so how’s that going to help me be rich?

It’s not.

He had this to say about it during a speech at MIT:

“In the beginning of his speech, Simons relays an anecdote that later becomes very funny.

He says, “I went to the institute for Defense Analysis in Princeton University, where they did secret government work and paid quite a lot and you could spend half of your time doing your own mathematics and half of your time doing their work, whatever their work was. [He pauses] It involved computers… Well, it was secret, I don’t want to talk about it.”

Then he begins speaking about his firm. He says people ask him, what’s the secret?

Simons says, “Of course I’m not going to tell you the various predictive signals –Unless… No, I’m definitely not. [Laughter erupts] That’s even bigger secrets than those at, down there [the Defense Analysis at Princeton].””
So really, he isn’t going to tell us how he did it specifically.

What’s the point then?

James used the complex math to break codes which could help explain patterns in the world of finance. Billions later, he’s working to support the next generation of math teachers and scholars.


The Mathematician Who Cracked Wall Street


The reason I bring up James, besides being interesting, is that he is faced with a question that we all must consider.

Each day I work, I do it with the understanding that I will get paid.

Sometimes I do other types of work on my own and hope to get paid.

Why do I even care about money?

Well besides needing it to pay for basic necessities and frivolous wants and other perks, I have to earn money to pay back money I’ve borrowed.

These debt obligations take many forms; mortgage, car loans, school loans, personal loans, and credit cards.

The more money I am able to earn, then the sooner I can pay off these debts.

Then what?


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For a long time being debt free was a goal in my life, until it wasn’t.

The deal is once I get out of debt, then what am I going to do all day?

I am still going to have to work to pay for basic life necessities.

I am still going to want frivolous things and other perks.

So what’s the deal, can I just go on vacation all day and do whatever else I want?

No.

That being said, what if I do hit it big on cryptocurrency?

I would need to find something to do with my life and ways to manage the funds well and hopefully grow them and use them wisely.

What is Jim Simons doing with his billions?

Jim and his wife Marilyn founded the Simons Foundation in 1994, a charitable organization that supports projects related to education and health, in addition to scientific research.

And that is just part of what he has done to help.

What would you do if you had billions?

As for me, I guess I will find out if it happens…

Remember: “The Revolution Will Be Decentralized!”


Stay tuned.
Stay interesting.
Stay Strange.


MichaelCreated by Michael Paine


Join me on the BitShares Decentralized Exchange
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Epistemic status: Not serious, also not “in-crowd” enough to use Epistemic status.

User’s Guide on How to Strive For A Better Life In 2017

This post originally appeared on steemit.

 

Start here:

Epistemic status: Not serious, also not “in-crowd” enough to use “Epistemic status”.


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Read each Question and Choose One Answer and Follow Along:


Q1: What is the meaning of life?

A) Whoa!, Let’s not bring up philosophy, I don’t like to think about that stuff.

B) Begging the question fallacy – who says life exists and if so, that there is any meaning?


IF A, Then:

Q2: Nobody values what I do or care about (okay, not really a question…)

1) Get Smart.

2) Get Hard.


IF 1, Then:

Read everything. Learn everything. Get good at one thing. Let everyone know you are good at that one thing. Get good at getting good at that one thing. Get good at signaling that you are getting good at that one thing.

Or Get Got.


IF 2, Then:

Hustle. Sleep less. Work more. Grind. Sell. Sell. Sell!

Crypto never sleeps and neither do you.


IF B, Then:

3) I’ve been thinking too much about these sorta things and think we might be in a simulation.

4) I agree with Descartes enough to tentatively accept the premise “Cogito ergo sum”, aka “I think, therefore I am”.


IF 3, Then:

Read everything about programming. Learn everything about programming. Get good at one programming language. Let everyone know you are good at that one programming language. Get good at getting good at that one programming language. Get good at signaling that you are getting good at that one programming language.

Or forget about it, you’re merely a simulation anyways…


IF 4, Then:

Read everything about philosophy. Learn everything about philosophy. Get good at explaining one particular philosophy. Let everyone know you are good at explaining that one particular philosophy. Get good at getting good at explaining that one particular philosophy.

Say things others don’t understand and perhaps get a tenured position at a university.


If these suggestions and solutions don’t work for you, well you probably are a failure and always will be, or you realize that all striving is vanity and you are cool with just being.

Que será, será.

Remember: “The Revolution Will Be Decentralized!”


Stay tuned.
Stay interesting.
Stay Strange.


MichaelCreated by Michael Paine


Join me on the BitShares Decentralized Exchange
in The Billion Hero Challenge!

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“Deliberandum est diu, quod statuendum est semel — A final decision should be preceded by mature deliberation.”

Giving to Grow

This post originally appeared on my other blog that pays me, and you if you want, to post and to comment @ https://steemit.com/@strangerarray.

 

When I was younger, I never understood why companies spent so much money telling others about the good things they were doing.


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I always thought they could better use the money for whatever they were raising it for rather than spending it on mailers, marketing, commercials and ads.

Somewhere along the way, I learned that the reason they spend so much on telling people about what they are doing is so that they can raise even more than they would otherwise!

Fair enough.

But is that enough?


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What if there were a way to raise money, but not only for the immediate needs, but future needs too?

“If you feed a man a fish, you feed him for a day. If you give him a growing endowment, you feed him for life.” – @stan

Now this sounds interesting!

The thing is, I live in Texas, but not near enough to Houston to be impacted directly by Hurricane Harvey and the resulting flooding.

But I know people who are down that way and I want to do something.

There is plenty of ways to give supplies, money and other things, but what is something unique that I got that I can use to “do more”…


Some Notable Heros –
J. J. Watt and Jerry Jones


That’s awesome, but I don’t have that kind of cash… How can a normal everyday guy like me be a HERO?

More from @stan:

“So, if you donate $30, it could grow to $30,000 collateral in two years while Harvey victims get a steady series of HERO payments that add up to $10,000 – without touching the $30,000 endowment you have cleverly built for them.”

Now that’s impressive!

This morning I decided to donate some of my own HERO to the cause with the hopes that it too will one day grow!

My BitShares Decentralized Exchange account is strangerarray07 and as you can see I gave 1.5 HERO to Help with Harvey Recovery!


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I wouldn’t normally publicize my givings, but I want to raise awareness of this special way to help Rebuild Houston!

Whatda’say wanna join me and be a HERO?


Stay tuned.
Stay interesting.
Stay Strange.


Michael


Created by Michael Paine
Follow me @strangerarray or buy me lunch because I am hungry for helping Harvey Victims.


Join me on the BitShares Decentralized Exchange
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The Recluse

It is an original poem I wrote while mowing my lawn the other day.

Viva La Vida!

This post originally appeared on my other blog that pays me, and you if you want, to post and to comment @ https://steemit.com/@strangerarray.

 

“[G]rowth is the counterweight to emerging dissent.” (p. 93) – from The Death of Money by James Rickards


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The other day I was making an observation on how the increase of education coupled with higher unemployment creates a recipe for discontentment.

Rickards provides a possible solution for this “emerging dissent”.

Growth.

I think most of us here on steemit know this to be needed for us to be successful, but instead we seem to always have some sort of internal steemit spat going on that is not very becoming to outsiders.

But growth could help quell the dissent.

Anyways, I don’t really like getting into the politics of the platform.

And yes even decentralized platforms have politics.

Politics are everywhere that people are and power is possible.

And power abhors a vacuum or something like that…

Plus steemit, to the best of my limited understanding, is decentralized in the way it is organized on the decentralized ledger network blockchain (see diagram below) and not necessarily in governance.


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Anyways, let’s get back to our discussion on The Death of Money and what to do about it.

Rickards also had this scathing observation:

“Today central banks, especially the U.S. Federal Reserve, are repeating the blunders of Lenin, Stalin, and Mao without the violence, although the violence may come yet through income inequality, social unrest, and a confrontation with state power.” (p. 71) – from The Death of Money

That is not quite the company that I would like to keep, hopefully the U.S. makes some changes.

We already see growing income inequality.

The thing is that we have seen time and time again that civil unrest happens when people feel like their life is out of control.

This can happen when their money is worth nothing.

Or when they don’t have much or any money because they can’t find employment.

Or for a myriad of other reasons, but you get the point.

The point being, we can wait for someone else to do something, or we can look for ways to do something good for ourselves and others now.

James Altucher famously accepted bitcoin payments way back in 2013!, for his book Choose Yourself, that suggests people take charge of their life and future.

Life is like one of those Choose Your Own Adventure books I used to read as a kid.

Make a way for yourself in this world.

And help others do the same!


Now I haven’t finished reading The Death of Money by James Rickards yet, but if you know him, he is a blowhard for gold.

Now, don’t get me wrong, I would love to have gold and to add gold to my portfolio.

But as it stands now, that is not really possible for me of limited means.

However, steemit is possible!

And by way of STEEM, I have transferred some into BTC and other digital assests on the BitShares Decentralized Exchange.

From what I have gathered, Rickards thinks computer based currency is risky because of the hypothetical end scenario of loss of internet and power grids and any other sci-fi dystopian future wasteland dreams.

But like cockroaches, gold will survive a nuclear holocaust!

In a make believe theory where gold doesn’t melt or something.

Alas, the problem with gold still is that it is not easily obtained, not easily divisible, and let’s get real folks, not a good currency.


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What then are we to do, those of us who can’t get gold easily but are concerned about the U.S. debt and dollar value?

For the common person like myself, I would suggest joining the blockchain revolution.

Start blogging on steemit.

And join me in the The Billion Hero Campaign by joining the BitShares Decentralized Exchange!


Stay tuned.
Stay interesting.
Stay Strange.


Michael


Created by Michael Paine 

Follow me @strangerarray and donate because your money is as good as dead, so I will gladly take it.


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Another Side (Project)


As a reader of this blog you assume all risk related to the use of any information on this site. I am providing this information “as is,” and disclaim any and all warranties, whether expressed or implied, including (and without limitation to) any implied warranties of merchantability or fitness for any particular purpose. In no event will I, or anyone associated with this site be liable to you or to any third party for any direct, indirect, accidental, incidental, consequential, special or exemplary damages, or financial loss, injury or death resulting from any use or misuse of this data. You should NEVER use any information on this, or any other site to make decisions that can result in damage to property, financial loss, injury or loss of life. 

HODL BTC, ETH, XRP, etc.? But Need Cash Now? Get SALT!

This post originally appeared on my other blog that pays me, and you if you want, to post and to comment @ https://steemit.com/@strangerarray.

Sometimes in life you find yourself with some crypto, but you need some cash.

You know crypto is better and you don’t want to sell it, but that bill is coming due, or your car broke, or maybe you are just broke…

Whatever the case is, you could sell your crypto and get cash, but why do that when the coins keep going up all the time?

Why not instead use your crypto for collateral and get cash now ANDkeep your crypto!?!

Enter SALT!


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What is SALT? Besides a tasty food additive…

“SALT lets you leverage your blockchain assets to secure cash loans. We make it easy to get money without having to sell your favorite investment.”

I’ve signed up for SALT, but they are new and just getting the final pieces in place to be fully operational.

However, I am extremely interested in this concept because it provides a new
way for individuals to access the value of their blockchain assets that does not involve a liquidation of their asset.

Being a Member, I have access to the SALT Blockchain-Backed Loans™ Abstract
released on 08/09/2017 and want to share some of the more important points with you.


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From the Abstract:

“The system is designed such that, if you have an asset you want to hold on to, you can borrow the asset you want to spend, regardless of credit history or geographic constraints. The SALT Platform is automated, efficient, and cryptographically secure. It offers a compelling solution to the problem many consumers face when they need or want cash to make a purchase, but do not wish to liquidate their assets. Instead of selling, SALT enables the members of the SALT Lending Platform (Members) to leverage the value of certain digital assets, thereby giving them access to cash, offsetting tax events, avoiding exchange fees and maintaining their long position in the asset they hold.”

As a wanna-be savvy FinTech guy, who holds a MBA in Finance, I sometimes get the idea that I know a thing or two.

That usually passes quickly.

What I do know is how to read, and reading the SALT Abstract the SALT Team is working hard to find a way to bring financial freedom to an underserved group of people who usually do not have access to this type of lending.

i.e. – ME.

“At SALT, we believe that in the not too distant future, ownership of all assets will be recorded and transferred on various blockchains. The increasing recognition of personal assets, at low cost and in a secure and immutable way, will offer consumers greater financial freedom. The SALT Lending Platform is a system that seeks to give value to previously latent capital, unlocking the wealth within physical and social assets, providing a new source of money creation.”


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More from the Abstract:

“The SALT Lending Platform is intended to facilitate the creation of lending agreements, secure and monitor the value of the blockchain assets acting as collateral, and automatically enforce the terms of each smart contract credit agreement. This low-cost, efficient technology gives investors and institutions a way to lend against a new asset class, while addressing the needs of a massively underserved borrower base. It is also designed to provide a new way for individuals to access the value of their blockchain assets that does not involve a liquidation of their asset. Deficiencies inherent in traditional forms of collateral can increase costs to borrowers, decrease liquidity, and necessitate the need for income-based credit evaluation. SALT’s technology was built to address these shortcomings, while emphasizing the aspects of blockchain assets that make them a functional form of collateral – divisibility, fungibility, and transferability. With SALT, blockchain assets are transformed into collateral that can be incrementally liquidated in a calibration process intended to ensure overcollateralization in a fast, trustless, and secure process. Blockchain-Backed Loans™ offer a new mechanism through which lenders can indirectly gain exposure to digital assets in a regulated environment with sophisticated tools for managing the risks associated with lending.”


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This last part about “Liberty” is great too!

Check out the video below for more info and don’t forget to sign up today!


Sign Up for SALT Now!


Stay tuned.
Stay interesting.
Stay Strange.


Michael


Created by Michael Paine
Follow me @strangerarray and donate because SALT is sooo good!


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Feast Or Famine?


As a reader of this blog you assume all risk related to the use of any information on this site. I am providing this information “as is,” and disclaim any and all warranties, whether expressed or implied, including (and without limitation to) any implied warranties of merchantability or fitness for any particular purpose. In no event will I, or anyone associated with this site be liable to you or to any third party for any direct, indirect, accidental, incidental, consequential, special or exemplary damages, or financial loss, injury or death resulting from any use or misuse of this data. You should NEVER use any information on this, or any other site to make decisions that can result in damage to property, financial loss, injury or loss of life.

Feast Or Famine?

This post originally appeared on my other blog that pays me, and you if you want, to post and to comment @ https://steemit.com/@strangerarray.

 

“While the righteous feed others fools starve themselves.” – Matthey Henry


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We have a choice when we wake up every day.

Are we going to look out for our own self-interest or seek to help others?

For myself, despite my desires to do better, I spend most days doing the former.

What can I do more to help others?

What one thing a day can I do for one other person?

What can I do to make sure I do this every day?

Why don’t I do this more?

Usually the excuse is money.


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When I try to imagine a life where money is not something I trade precious moments of my fleeting life for in order to pay for things, I struggle.

“What would I do instead with my time?

What would make a difference in other people’s lives?

What is worthy of pursuit?

What really matters?”

These thoughts were on my mind when I came across this article by @rok-sivante:

The Billionaire Game: What Plays Would You Make With a 10-Figure Net Worth…?

He had written these thought provoking questions:

“If you were a billionaire – let’s say the crypto markets exploded well-past the moon, granting you a 10-figure net worth – how would you manage the responsibility over this newfound wealth?

Would you selfishly focus on fulfilling your own needs for a mansion, collection of luxury cars, private jet, yacht, and all the toys?

Would you establish a private foundation to allocate that wealth towards projects and initiatives focused on solving global crises?

What business structures would you set up through which that wealth could flow to be put to constructive use?

How would your choices benefit the networks you plugged into and chose to support?

What ideas, talents, and visions would that wealth be directed to fund?

Would you invest in technologies that could help solve world hunger and provide access to clean, healthy water for every man, woman, and child on earth?

Would you support organizations working on solutions to clean up the environment and transform industrial processes to introduce sustainable practices conducive to this planet’s restoration and long-term wellness?

Would you back educational campaigns that empowered the next generation with entrepreneurship skills and foundational knowledge to make a difference in the world, that our generation were never provided?

What businesses would you grow that provided extraordinary value in the world?

How would you utilize your wealth to leverage others’ value benefiting society?”

Truthfully I wouldn’t really have a good answer, except I had been thinking about some of these Big Heroic Audacious Goals a few weeks before.


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In @stan’s recent article, Big Heroic Audacious Goals, he asked people to think up what they would want to see happen.

“Heroic Goals have the potential to inspire and unite all of humanity — and make a permanent global difference!”

At first blush, I didn’t have a clue…

Then I consulted my lovely wife who jogged my memory of what similar life goals we had previously discussed as possible BHAGs.

Given the chance we would like to see the following happen to help humanity:

  • Leveraging this technology to help charities, such as Makers and Means International, complete their missions at lower costs due to low transaction fees for sending money overseas
  • Build a resort property
  • Provided rest and rejuvenation programs to people doing charitable work so they can get a break when they feel they are on the brink of burnout
  • Develop a refuge center for women that will help them escape the traps of sex trafficking and the sex trade
  • Open a dog rescue or at least have some fun thing dog related 🙂
  • Own our own brewery and
  • Anything else we come up with between now and then!

So I guess I do have some ideas to feed others and I hope I don’t starve myself before I get the chance.

What would you do?


Stay tuned.
Stay interesting.
Stay Strange.


Michael


Created by Michael Paine

Follow me @strangerarray and donate because OCASH is comming!


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