Tools are a gift from God; machines the Devil. ~ Nicolás Gómez Dávila This post will mirror some of my previous posts and will again compare two credit and accountancy ledger systems, the current and five centuries old fractional reserve banking and double-entry bookkeeping ledger system against the distributed and deflationary credit system and ledger network […]

Read more "The Economics Of Money, Credit, Capital And Labour: The Rise Of Bitcoin, The Fall Of The Machines"

This post will revisit my original Gold And The Blockchain post of November 2015 beginning with a detailed history of the last seven millennia of history of both money AND credit, before discussing the original concept of a digital and decentralized gold standard on steroids, and I will then provide updates and comment on the […]

Read more "Gold And The Blockchain Revisited – Building Bitcoin’s Gold Standard From The Bottom Up"

This post will take a deep dive into the background and value proposition of Ethereum, how it differs from Bitcoin’s value proposition and where I believe that Ethereum is developing innovative and future mainstream applications… I will discuss the debacle of the DAO and the current ICO mania, and how the radical experimentation we are currently […]

Read more "Ethereum – The DAO, ICO’s And Redefining Law"

This post will recap the events of the last six months as regards Bitcoin’s latest and most fractious scaling debate and how the exertion of leverage within Bitcoin’s community means that the balance has irrevocably changed, and significant shift in power and perception from the miners toward the developer and user community, and why this […]

Read more "SegWit Activates By MASF – How UASF Libertarians Won Bitcoin’s Scaling War"

This is a short excerpt from my far longer post, and I am posting this section separately for the Bitcoin community to read SegWit activation from a game theoretical perspective… Make your own mind up… Bitcoin Scaling Debate Update – BIP 148 UASF It has been two months since my Bitcoin Scaling Debate post, the price of Bitcoin […]

Read more "BIP 148 UASF Game Theory: Why SegWit Activates Before August 1st By Miner Activated Soft Fork (MASF)"

This post will revisit my original Bitcoin Kills Banking post and will provide updates and developments covering the last 18 months and how Bitcoin killing Banking is progressing, I will also be discussing the emergence of Ripple as a trojan horse and fiat gateway into Bitcoin and other altcoins creating the latest so-called crypto bubble, […]

Read more "Bitcoin Kills Banking Revisited: The Rise Of Ripple As Trojan Horse (The End of Bitcoin Dominance?)"

This post will discuss the Bitcoin drama and its three acts or broad adoption phases, the first act of currency speculation, second act as platform ledger for bartered exchange of goods and services, and third act in conjunction with smart contracts as a platform for exchange of assets and property… This post will be highly concentrated […]

Read more "Bitcoin Scaling Debate – Game Theory And The Scaling Of Solutions"

This post will build upon my Decentralizing Credit And Currency post and extend the discussion to the future of local banking and currency in the wake of the transitioning next decade with the slow motion collapse of the centralized banking and accounting bureaucracy and the future decentralized financial system, and hopefully can and will serve […]

Read more "The Economics Of Local Banking"

This post will discuss the upcoming collapse of the housing asset bubble worldwide at the terminal end of a half century long credit bubble unprecedented in human history, how this bubble has distorted the whole price discovery structure of the real estate market and by extension construction industry, and how governmental regulation has mis-allocated capital […]

Read more "Housing Bubble Collapse, Debt Default, And Life In Deflation – Paradise Found"

Above: From Vladimir Lenin’s Collected Works, Page 106. Behind the unending myth, intrigue, and romance of Socialism is the mundane utopia of big banking and accounting. Please do read this as many times as it takes to sink in. This will be more of a short post than a full post but one I think […]

Read more "The Collapse Of Socialism – Collapse Of The Banking And Accounting Bureaucracy"