Nice try Mike Hearn, but Bitcoin is just fine

Bitcoin is (or soon could be) a serious problem for the established banking system and most Western intelligence agencies. It can’t be printed on demand, like the established currencies, and it can’t be used to track your movements, like basically every other form of payment except cash. Thus, bitcoin can expect to come under serious attack from ...

The Fractional Reserve and Bitcoin XT 2

Let’s say you borrow money from the bank at 5% to buy a house. The bank borrows it from the “reserve” bank at a lower interest rate (say 2%) and makes a profit on the difference. But where does the reserve get the money from? When you can answer this question with certainty, you’ll understand why bitcoin ...

Teal People – Reinventing Organizations

Reinventing Organizations by Frederic Laloux was a game changing book for me. I decided a long time ago that it wasn’t worth working for anyone else (in the traditional sense) and I needed to be able to stand my own ground. If I was going to work for someone, at least I wasn’t going to lock ...

The Psychopath Code 2

If you haven’t read anything from Pieter Hintjens, now is the time to start, or you’ll be left behind in the dust. It’s that good. I wanted Pieter Hintjens’ writing on psychopaths as an ebook to read on my Kindle while I eat lunch, and so I’ve compiled all the blog posts into a single ...

Bitcoin and Mallory 1

Mostly from Pieter Hintjens’ book: Culture and Empire, with some minor additions and edits for context. He who controls the gold makes the rules, and anyone who wonders what might happen to new virtual currencies like BitCoin would be wise to read history. The independent banking sector, cash economy, and virtual currencies are not friends to ...

Paypal and Crowdfunding: don’t do it

Paypal screwed me. I was patient and gave them plenty of chances to remedy the situation but they adamantly refused to even talk about it. I was forced to start playing hardball. It ended 48 hours later with them giving me a token cash payment “for the inconvenience” and an apology from the Managing Director of Paypal Australia. You ...

Hongkong harapófogóban

I’ve started to keep copies of newspaper articles etc which quote me.  Original: http://www.napigazdasag.hu/cikk/27843/ Do you hear the people sing? Halljátok a nép énekét? A nyomorultak film ismert betétdala vált a szeptember vége óta tartó hongkongi „esernyős forradalom” himnuszává. Demokráciát, teljes értékű demokráciát követel magának Hongkong fiatal népe a Kína Népköztársaságban. Hangjuk néhány nap alatt bejárta az egész ...

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A biological perspective of nuclear proliferation

Three major theoretical models exist to explain both nuclear proliferation and disarmament, yet no single model fits all real-world cases. This article argues that states seek nuclear weapons as a byproduct of the traits selected for through our species’ evolution, which drives us to compete with each other at all levels, and to also cooperate ...

Australia’s lost potential in the US-China relationship

On the international stage, there are two major relationships Australia could and should do much better at managing. The first of these relationships is the alliance with the US created in 1951, together with New Zealand, under the ANZUS Treaty. The second is Australia’s relationship with East Asian states, particularly China. Defining Australia’s place in ...