Why Governments Will Not Ban Bitcoin

Interesting POV. We’ve seen some evidence of this with Putin et al shutting down exchanges and banning ICO’s until they can realign their financial structure to accommodate crypto until they can use it for their benefit.

Easy Money

Those who see governments banning ownership of bitcoin are ignoring the political power and influence of those who are snapping up most of the bitcoin.

To really understand an asset, we have to examine not just the asset itself but who owns it, and who can afford to own it. These attributes will illuminate the political and financial power wielded by the owners of the asset class.

And once we know what sort of political/financial power is in the hands of those owning the asset class, we can predict the limits of political restrictions that can be imposed on that ownership.

As an example, consider home ownership, i.e. ownership of a principal residence. Home ownership topped out in 2004, when over 69% of all households “owned” a residence. (Owned is in quotes because many of these households had no actual equity in the house once…

View original post 1,069 more words

Advertisements

What Grinds Your Stump?

What with all the research I have to do to “brain” about financial stuff, I end up aggregating a lot of print journalism.  Well, when I say print journalism, that’s what I’m HOPING to find, but like the recent article I wanted to read on Fortune [Mag?] what I get is autorun video.  This particular video had absolutely nothing to do with the article banner. So, I click to close the video. I scroll down and the video starts to load again. Scroll up, close the video. Scroll back down. Oh! Oh! There’s the popup e-mail subscription. No thanks. Close that. Scroll further down, here comes that phuquing video AGAIN in a small screen. Now we get to play find the hidden close button.  All in all, I’ve spent as much time with useless nonsense whack-a-mole as I have reading the article.

Oh, and be sure to “whitelist ” your adblocker, so you can play.

Screenshot from 2017-09-24 18-56-06

Ods Bodkins! My Head hurts

This is my brain on Cryptocurrency.  5o years ago, it would have been ho hum. There’s a lot of information to get your head around. The technology is still new enough that the gui innovations that make Windows [MicroSoft] a smooth experience for users of all skill levels, just has been developed for Crypto.  The instructions and set up can be Byzantine. There’s a lot of room for things to go oops, so before you buy or sell any currency, please do your homework first. The transactions are irrevocable once put in motion.

Or get your tech savvy niece or nephew to do it.  It’ll be a snap for them.

Old Dogs And New Tricks

I’ve been retired for quite a while now, but the way things are going I need to explore means of proactive income. Cryptocurrency seems like a good way to do that. I’m twice as stupid as I used to be, so it’s gonna take me a while to learn all the ins and outs but when I do, I’ll share them here.