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Thursday, December 21, 2017

I don't understand Bitcoin

The Bitcoin frenzy of the past few weeks has been hard to fathom. A lot of people have compared it to famous bubbles of the past, such as the tulip bulb frenzy in the 1600's, or the dot.com insanity of 1999 and 2000.

But I can't even categorize it that way, since I don't understand it. As Janet Yellen said recently, since it's not government-issued, it has no backing, nobody has any responsibility to redeem it, and there's no military to protect it.

Nonetheless, like everyone else, I'm gnashing my teeth that I didn't invest in it earlier. (And, like everyone else, I'm sorta secretly hoping it collapses.)

But, in the meantime, I've decided to issue my own currency. I'm going to call it the "Craig." You have my word, it's officially Just Not Said-approved. I'm going to sell a hundred coins, at a million dollars apiece. I promise, I'll never sell any more than that.

You can use it to finance drug deals, spirit your wealth out of Zimbabwe, or pay off gambling debts.

Step right up, folks.

18 comments:

Anonymous said...

I don't understand bitcoins either. Why not use gold as a store of value instead ?
Some of my cash reserves is used to buy gold bullion coins. we keep about 7% of our assets in gold and silver. I started buying gold coins back in 1998 when 1oz kruggarands were about $300. Today they sell for about $1250. Started buying 10oz Silver bars in 2004 for about $100. They now sell for about $175



John Craig said...

Anon --
Smart move. Gold and silver are two things you can count on not to ever go completely out of fashion, and are good hedges against inflation though we've had little of that recently. Bitcoin, once it's subject to regulation, could easily crash, and as a matter of fact, this morning it's down quite a bit (12,885 as I write this), even though that's obviously still up huge from a few months ago.

Dave Moriarty said...

i am ready to swap some Moriartys for "Craigs" - hopefully the Craigs have a nice profile featured on the currency - i might suggest holding back on putting up a statue because 350 years from now somebody might take offense at the existence of your statue given you have a view on many things and a sense of humor

John Craig said...

Dave --
Thank you. But I hate to have to tell you that I'm not about to swap any Craigs -- which are going for a million -- for any Moriarty's, which are only going for half a million. Sorry.

As far as monuments go, I'm not in any danger of anyone erecting a statue to me anytime soon.

Anonymous said...

My uncle is into bitcoin (the one who talked about "the cabal", he also believes in Aliens and spirit channeling), he also does other cryptocurrencies.

Why? "The Cabal can't control it, it is our way to fight against them"

He's made 100k off it so far, and he promised to leave it to me in his inheritance.
Sweet.

-Ga

John Craig said...

Ga --
That's a nice little windfall.

I've known guys like that, they're always talking about the mysterious "they" who control everything: the Trilateral Commission, the Freemasons, etc.

I believe in the Deep State, but that's not quite as mysterioso as it sounds, it's just a way of talking about permanent government employees who tend to lean Left and are always trying to bend the various arms of government in that direction.

Anonymous said...

My uncle has me moving cryptos around for him in Hong Kong because he believes they won't watch it as much here as in the USA, THEY (cue scary music) want to destroy it, I fear someone like Hilary will give a speech denouncing them and will try to plot to destroy them honestly, not out of conspiracy or for the dark forces whatever but for fun, to sow destruction for pleasure. I think her intentions are much plainer than my uncle does.

I just take his orders and move them, buy them, and stuff. He promises me more when I help him so I do. He sent me some crypto and ordered me to buy exactly on February 7th some currencies at a specific time, and they went up when he predicted and then told me other times to move them right before they started dropping.

I asked him if he has some weird insider info, and he says he follows some guy on twitter, and also says he has access to prediction algorithms, and also uses messages sent by the great guardian spirits against the darkness (what?), he also gave me instructions after the Ellen show talked about Bitcoin and it worked.

Maybe he is just good at trading.

-Ga

John Craig said...

Ga --
Good for him if he's making money from Bitcoin and the other cryptos. When you say "move them," do you mean sell them? He does seem to have some sort of insight. Hope you're getting a cut there.

Anonymous said...

Sell at a precise time, buy at a precise time.
He just sorta knows when to do it. He is good at it, I don't think it's because of the forces of light sending him messages as he claims. But he seems almost psychic.
Yes he has promised a cut, so I'm gladly doing this for him.

-Ga

John Craig said...

Ga --
You should ask for your cut now, before his psychic abilities desert him.

Anonymous said...

Uncle mentioned that the cryptos would go down during spring, they did, I asked what he meant, he said some conspiracy will drive it down.

Later on news came out of the Mt Gox scandal where they were deliberately dumping them to force prices down, evidence emerged of collusion with some elites. I asked him how he knew something like this would happen, he said "messages in a dream from the creator", he sometimes says "I greet you in the name and aura of the creator and forces of light".

He smokes weed. He is a vegetarian, is old but not balding, in good shape, young looking for his age, very warm hearted, but was single his entire life, prefers to be alone but does go out, prefers a small group of close friends than a large circle of aquaintances, and is good hearted (he takes disabled people for ice cream/sports games in his van on some weekends) but can be self absorbed in his conspiracies and writes long emails he sends to me about alien forces and spirits, he claims many elites are the same people since they have technology to transplant souls into new bodies they abduct and more, the grammar is fine for the most part but sentences can be quite messy and disorganized.
I admit I enjoy reading them.

He had ADHD and bad depression in the past but one day he stopped taking medicine and...nothing happened, he just was suddenly no longer needing to use them ( I envy him, how could he stop and be fine? He is no longer depressed and his ADHD which was so noticeable before is gone! Just cured overnight?! How?!) His psychiatrist he used to go to agrees with him, he just talked about chemtrails and the pyschiatrist said "yes they exist", he was one of my uncle's type of people, they keep in contact and my uncle has found more people who he says "are in the know". He is not disruptive, rude, or unhealthy, he is pleasant to be around, very patient, no bad temper.

He also claims the autism pride groups which i mentioned to him are part of the cabal conspiracy, i was interested to hear this one!, he said they are trying to normalize it when autism is part of a method of population control, he said autistic people have existed, but severe autism with retardation is going up (new evidence shows it is beginning to outnumber aspies/High functioning in birth cohorts, but maybe that is better screening? dunno) and they want to make a disabled slave force. Depression too is going up to turn people into cattle, physical deformities as well, caused by chemtrails and vaccines (but he says it is not the vaccines themselves but special stuff they sneak into it, not the children but their offspring who get disease), and stuff about fluoride and chemicals in food to make people's medical bills go up and mass shootings by the mentally ill are desired for fear inducing and population control, so they want to increase more mentally ill people etc.

Is he normal? He is on my big list of people "I have no hell what they have, but they are different". And there are millions of people who are into the same stuff he is, I don't think they all are mentally ill, are they? Do you know?

-Ga

John Craig said...

Ga --
I have no idea wha this syndrome is. It may be something involving paranoia, since he seems to have a strong case of that, despite not seeming to have delusions of grandeur. It's possibly Aspergers, though the only reason I think that is because he prefers to be alone, and prefers small groups to large ones.

I hope that he got out of his cryptocurrency holdings if he predicted they would go down this spring, as they have.

Anonymous said...

My uncle may lay in the BAP (broad autistic phenotype), that is not clinical but subclinical, he may have a dash of "healthy schizotypy" which explains his weird ideas.

My dad too may lay in the BAP (he is functional, never has meltdowns, no obsessive interests, is warm hearted and pretty much never had any trouble growing up, no social problems, no employment problems, no difficulty making friends, but I see a dash in him that is the good without the bad). You can see "ghostings".

My Uncle doesn't seem paranoid in the disruptive sense, and he also had a normal childhood, no social problems with friends, no meltdowns, no obsessive interests, so not a fully clinical autism disorder.

It is common for people with relatives with a disorder to have "ghostings". A person with asthma may have an aunt who has some trouble breathing but is healthy otherwise, a man with schizophrenia may have a cousin who has healthy schizotypy and often displays talents with art, music, and poetry. With autism unaffected relatives may display great mathematic, engineering, and scientific skill.

I see talent in my family bloodline, just a dash of autismus but without the negatives.
And somehow when i was born it got fucked up. The genes for these conditions usually need some "fuck up" that screws their epigenetic behaviour. I wonder why I ended up with a clinical disorder, all my relatives are rather healthy, neither of my grandparents on my dads side have the "dash" (but my grandmother said her grandfather was a bit "quiet, preferred his own company, was withdrawn, and enjoyed animals.) So it can skip generations, pop up here and there.

Lo it got fucked up with me, did some poor health or allergy in my mothers womb turn this "dash" into a clinical syndrome? I don't even know if I am an aspie, since i'm not functional, it may be classic disabling autism I worry! They say "he has mild aspergers" but is that true? Is it even that? What if it is the real full thing?

Well no room for self pity, I have been working hard at making a functional recovery and adjustment, even if I won't be cured, I have to improve as much as I can. I wonder about my bloodline, I think if I ever become successful and make money and want a heir, I will do what they do in Japan, name a cousin as a successor and do what they call "adult heir adoption".

-Ga

John Craig said...

Ga --
If you're interested in females, it wouldn't hurt to try getting somewhere with them. Maybe you see that as impossible. I'm not sure hat advice to offer here. I know you detest Aspie support groups, but might that not be a decent place to meet a woman who'd be more sympathetic to your mental state?

Actually, I just came up with something: think about yourself less. I know it's impossible to control what one thinks about, but here's something concrete: find an activity that you can lose yourself in, preferably one that involves other people. You obviously obsess about your condition, and that's self-reinforcing as far as the general alienation you feel goes. I know, you're young, 23 (or maybe a year or two older now), and at that age it's impossible not to think about oneself. But they say that people are never happier than when totally absorbed in something (I enjoy crosswords, personally, and find them totally absorbing). And, they say people are never happier than when helping others. (I don't take that tack myself.) But these are things to think about. Force yourself to get out more, and to try more new things. You're probably thinking, that's easy for him to say; and it is. But it's also good advice. Some of what you experience may be painful; but it'll also open you up to new things, and while you're experiencing those, you'll be obsessing less about yourself.

Anonymous said...

That's a good idea, I need to not ruminate over myself and my qualities but the outside world, but a balance is good, if i lose self awareness thats bad, but still focus on the outside.

Thanks for the advice John, will you close this blog down eventually?

My mindset is sorta, just get it over with and finish or continue later. But I don't know how you are planning it.

-Ga

John Craig said...

Ga --
No plans to "put it down" in terms of taking it down; I'm happy have the stuff I've written out there. But it was a lot of work, and I don't miss that aspect. I will put something up occasionally, not sure how often.

Anonymous said...

Well I recommend maybe once every 3 months. The recent meeting between Kim Jon Un and south Korea's president is worth writing. On my facebook wall, even the most ardent anti trump liberals have said "wow, with Trumps actions, this has happened, credit is due where it is due". This is suprising, I never expected such a response!

I should clarify I am interested in females as a preference, (I am not gay) but I am not interested in a committed relationship. A noncommited relationship with a female friend on the spectrum who shares my beliefs would be nice. I feel more comfortable around the opposite gender, this is pretty common I hear with social anxiety. An ex-classmate on the spectrum also said she prefers hanging out with males, a female colleague with social anxiety also said she prefers hanging out with men.

Why do you think is that?

-Ga

John Craig said...

Ga -
I'll just write when I feel like it; there are always things to write about.....I'm surprised by that reaction from the liberals too; all I've ever witnessed is them putting a negative spin on whatever he does.

One reason why it's more comfortable to be around the opposite gender is you don't have to be competitive with them, so you can just relax more.