Monday, November 20, 2017

Democracy, Bitcoin

A summary of comments made on democracy and bitcoin.

Thursday, November 16, 2017

Square + Bitcoin

Forbes

Some customers of Square's Cash app have gotten a surprise in the past week.

The app, which is used for payments between friends and is a competitor to Venmo, has also given them the option to buy or sell Bitcoin.

A few rejoiced on Twitter -- probably much to the delight of Square CEO Jack Dorsey, who is also CEO of the social media site.[..]

A Square spokesperson said in a statement: “We’re always listening to our customers and we’ve found that they are interested in using the Cash App to buy Bitcoin. We're exploring how Square can make this experience faster and easier, and have rolled out this feature to a small number of Cash App customers. We believe cryptocurrency can greatly impact the ability of individuals to participate in the global financial system and we're excited to learn more here.”

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Excellent news. 

Someone on Twitter posted this on the news.

#bond


Wednesday, November 15, 2017

What Are You Doing WaPo?

This Russian thing is becoming the ultimate go-to excuse / convenient tool for corporate Democrats.

Does Bezos know what is going on here? I think it is a case of some employees trying to make themselves "useful" to him.

Monday, November 13, 2017

Reskilling

Link

The question of how to soften the blow of recession is one of the most complex, and retraining has traditionally been the only answer on which all parties can agree. At the time of the GM closure, Janesville-born Paul Ryan, now Republican speaker of the US House of Representatives, and then president Barack Obama were unlikely allies as cheerleaders for “reskilling”. But the local people charged with channelling often generous public subsidies to those who need new skills knew “a grittier, ground-level truth”, writes Goldstein: “Retraining laid-off factory workers is not easy.”

Sharon Kennedy, who led the programme at Janesville’s Blackhawk Technical College, laid out some of the obstacles in her own 2013 account. She wrote how Blackhawk was “unprepared for the unpreparedness” of new students to use computers and in many cases had to provide hands-on assistance to help them navigate the maze of applications for training.

Goldstein ran what she described to me as “microcosmic” research into the fate of Janesville’s workers and confirmed an even more worrying truth. The obvious political solution of retraining what US welfare jargon calls “dislocated workers” was ineffective. 

The Bottom 60%

Link

Billionaire entrepreneur and financier Ray Dalio says there are two very different economic realities in the United States right now. That divide is threatening the nation's stability, the Bridgewater Associates founder says, and it's only going to get worse as technology replaces workers.

"[T]here are two economies. We talk of 'the economy.' Recognize that you can't talk about the economy ... there are two economies," says Dalio, speaking to Recode executive editor Kara Swisher on her podcast, Recode Decode, published Monday.

There's the "top 40 percent" and "the bottom 60 percent," says Dalio. And for those at the bottom, life is hard without a lot of hope.

"If you look at the economy of the bottom 60 percent, it is a miserable economy. Not only hasn't it had growth and economic movement and so on, it has the highest rising death rates, it is the only place in the world where death rates are rising because of a combination of opiates, other drugs and suicides," Dalio says. (Indeed, Princeton Professors Anne Case and Angus Deaton found that drugs, alcohol and suicide are a major reason behind rising death rates among non-Hispanic whites in the U.S. with a high school diploma or less.)

[The comments on the economy start at time index 1:00:00]

Sunday, November 12, 2017

Q&A - 12/11

Question

Why are some people adamantly became opposed to Bitcoin lately?

Wealth concerns

When something like B$ threatening to replace entire currencies and is rising in price so much, many might wonder "let's say I switch to B$ one day, what would my current wealth be worth in this new thing? I didn't go in at 100, didn't go in at 500, nor 1000. Will I have to go in at 1 mil? My wealth will be worth nothing!!" This is a legitimate concern. But I am guessing B$ price at the time will offer "proportionate wealth" because most people will go in at that moment.

When and why to go in? That decision will be similar to the decision to sign up on Facebook: because most of your friends are there.

Question

If I lose my bank card, I could to the bank, they recognize me from ID, give me another card. But if I lose my B$ password I lose everything. The bank provides me a service.

There is a similar service - it's called Dropbox

I could put my password file on any file service, Google Drive, Dropbox. Pass forgotten? Go to the file service and look it up. If DB, GD pass itself is forgotten there are mechanisms to get that back - cell phone, Q&A, etc.

Question

A gentlemen named Craig Wright claimed he was the inventor of Bitcoin. Is he right?

It is likely

There was some contraversy around this, CW could not reproduce some keys to prove he was Satoshi, but maybe he lost them (Dropbox!). He came across sort of forgetful / mad-scientist throughout this ordeal, and one looks at Satoshi's writings, he is a very deliberate, careful person - but ppl can be different at work related issues, and somewhat different on minutea... Plus I profile CW as High Horse - in the positive HH is dealing with some very highly unorthodox ideas, and Bitcoin certainly qualifies in that regard. Then there is his use of some words hinting at certain English education, like "colour" and dude is Australian. Someone who knows the guy well says he likes Japanese culture - hence the fake name. On and on.

Question

In previous blog post u talked about nationalism. What other problems await nationalism in these post-modern times?

Leaders from the fringes

This is a huge potential problem. Say all you want about the "establishment" but they know one thing well - how to adjust the nationalist message, laughing at its shortcomings in private, ignoring its warts and calibrating its outside face. But the guy from the fringe is different: he received "the teaching" through something akin to the reverse / bizarro telephone game, by the time the message got to him its connection to the originators became weaker and weaker but the literal content became stronger. The fringer took this teaching seriously, he drank the Kool-Aid. He drank that shit something fierce too, bottoms up, after it was done he was still shaking that shit for that last drop, mouth wide open.. Yeah.. he drank it all.

He drank the Kool-Aid, and then when by some dumb luck he is power he is not able to tune the message in it, defeating its purpose completely. The fringer offends, ignores interest groups, is insensitive, and unknowingly sows the seeds of chaos. Take Modi in India for instance - an outsider, and his belief Hindu nationalism is crass and offensive I hear. The things previous leaders would ignore this guy takes too seriously. Why? Because he drank the Kool-Aid.

The second way the nation-state can be harmed by the outsider is when outsider feels himself illegitimate. If nations are defined culturally, and leaders need to be the embodiment of that culture, what if the outsider feels himself unfit of the current culture? Then the outsider can try to create a new culture so he can be the embodiment of that. But there is a problem, nation-states can have only one culture, the ppl attached to the old one will not change, so now there are two national cultures competing. This won't work, especially in these post-modern times where information flows in all directions not just top-down, so there will be unnecessary conflict. But that conflict can even lead to civil war and the eventual break-up of the nation-state.

Like I said before, the solution is turning the volume down at the highest levels, paying lip service to the current canon but mostly ignoring it, and completely ignoring the parts that are not relevant.

Question

What are some examples for this tuning for US?

The Mexican migration

Mexicans moving in the border regions near Mexico in US and not assimilating is a legitimate concern. "One culture" is still relevant here. A gov can take steps to discourage that kind of unskilled migration. But do you have to go around cursing out Mexicans at the highest levels of government? No. Do you have to kick out people who are already integrated in the society?

Democracy, Bitcoin

A summary of comments made on democracy and bitcoin .