I had hoped for a self coup making Trump King and erasing the constitution by now, but he is making significant progress. Maybe we will see a self coup on his third term.| He is not yet in control, but he is definitely biting the permanent government at the edges.
Trump is on the ball
January 8th, 2018The vast majority of rape accusations and the vast majority of rape convictions are false.
January 1st, 2018It is perfectly obvious that few if any rape accusations against white heterosexual males are true, and the “rape on campus” case confirmed what was obvious to everyone who was not keeping his eyes tight shut. There were thirty six rape accusations that year on Virginia University Campus, none of which led to disciplinary action, and if any of them had been the slightest bit believable, Rolling Stone would have run with them instead of Jackey Coakley’s story. Read the rest of this entry »
All women are like that
December 27th, 2017Women are attracted to arrogant violent men. They are attracted to IQ<80 criminals because criminals are allowed to be violent, while high status males are not, with the result that the status hierarchy as perceived by women winds up upside down from the status hierarchy as perceived by men. AWALT. All women are like that.
Hypergamy never sleeps, a man must always perform, can never relax, is always on stage, can never let his guard down.
Trump and power
December 23rd, 2017I kept predicting Trump would have taken power by now. He has not. But he is getting there.
Some officials issued a new list of forbidden words, not exactly on Trump’s instructions, on their own initiative, but likely on their own initiative because they got word of his displeasure.
| Banned | My suggested replacement |
|---|---|
| vulnerable | living on crime and welfare |
| diversity | Helicoptered into jobs they cannot perform |
| entitlement | privilege |
| transgender | pervert |
| fetus | baby |
| evidence-based | trick to hide the decline |
| science-based | consensus formed behind closed doors |
Meanwhile, Trump moves to take control of the actual apparatus of coercive power, with which he will be able to punish enemies and reward friends.
The Blue Empire of the Consulates continues to collapse
December 19th, 2017Pakistan expels the NGOs. So, soft power looks like it is not doing too well in Syria, Libya, Sudan, the Philippines, Hungary, and Pakistan. Read the rest of this entry »
The trouble with Rotherham
December 13th, 2017The trouble with Rotherham is not that white girls were raped and beaten, but that Muslims get exemption to be manly as women understand manliness, and whites and Hindus do not.
The Rotherham girls were raped, threatened, and beaten all right, but they were also complicit in the violence.
For the most part, the pimp, rather than aggressively forcing his women into prostitution by the threat or actuality of violence, is aggressively, but unsuccessfully, attempting to restrain them from prostitution by the threat or actuality of violence, and to the extent that he goes along with their prostitution, is just being the dancing monkey, pretending to be in charge so as to retain some tattered shreds of manliness despite being massively cuckolded. Read the rest of this entry »
The Blue Empire of the consulates gets it in the nads
December 10th, 2017I predicted that Trump would have taken power by now. Obviously he has not. But, he is working on it. Unwise to bet against Trump.
In return for Israel not funding his enemies, he recognizes Jerusalem as the eternal and undivided capital of Israel. State Department furtively instigates world wide outrage against this move, which world wide outrage fizzles out dismally. The elite is maximally indignant, the Pope condemns the move, but the masses fail to show up on cue. Read the rest of this entry »
Bitcoin and the May scale of monetary hardness
December 9th, 2017The current price of bitcoin is only justified if there is a significant probability of bitcoin taking over the world, and substantially replacing other assets that are less easily transferable and/or more subject to the caprice and violence of an increasingly disorderly, unpredictable, destructive, and anarchic state.
If it does take over, will rise a hell of a lot further.
For example, investing in real estate rental property is lucrative, with steady modest income and impressive capital appreciation – but it is subject to the Ferguson effect. One fine day you find that the police protecting your investment have been deemed racist, now have a bunch of fat blue haired lesbians from the federal government supervising them at twelve thousand dollars per day per fatso to cure their horrid racism, and the police have pulled back to give the mob room to burn your property, and maim and rape your tenants. Your male tenants then leave, ashamed of their horrible racism, and your female tenants never paid the rent themselves anyway.
It would be nice to have your assets in a form that perhaps was unlikely to generate value, but did not need to be defended.
If, at the time of Caesar, a wealthy Roman invested in income producing properties, what would his wealth be worth now?
Absolutely nothing.
And this has been typical over most of the world throughout most of time, including most of the world during most of the twentieth century. If, on the other hand, he buried gold in a hole in the ground, what would it be worth now?
About what it was worth then.
But right now today, bitcoin is hitting its scaling limits hard. If scaling is not solved, the current price of bitcoin is difficult to justify. If scaling is not fixed, the price will collapse eventually.
The current plan, or perhaps it is merely a hope, rather than a plan, is the Lightning Network. The Lightning Network, if ever implemented successfully, will be able to handle and exceed Visa scale levels of transactions and Visa speed.
But money in the Lightning Network will, like Paypal money or credit card money, like Visa card money, be soft money, soft bitcoin. At the cost of a fee and some delay, you will be able to convert it into hard bitcoin. You will be able to convert hard bitcoin into Lightning Network bitcoin quickly and for no fee. Transfers from Lightning Network Bitcoin to hard Bitcoin will still be subject to scaling limits. But perhaps these limits will be acceptable when we only do such transfers infrequently and for very large sums.
Your hard bitcoin is represented by a secret key and a public key, by a collection of secret keys and public keys. (Unless, of course, it is an account at a bitcoin exchange, as it usually is, in which case it is a promise to deliver bitcoin by some guy whose only known assets are a business suit he purchased from a Chinese supplier on Ebay and two airline travel bags.)
Your Lightning Network bitcoin will be represented by an account at an exchange. And if the exchange goes down, or decides to mess with you, you will be out of pocket. Which makes it soft money. Rather like Paypal or that account on the bitcoin exchange operated by some guy with two airline travel bags who is presently located in the nicest international business hotel in Outer Mongolia, which is not actually all that nice as international business hotels go. (You did put your bitcoin into a wallet where you have real control, right?)
So here is the May Scale of monetary hardness, updated to include Bitcoin and a hypothetical future Lightning Network Bitcoin:
| May Scale of monetary hardness | |
| Hardness | |
| Hard | |
| Street cash, gold, US dollars, Bitcoins where you hold the secret keys | |
| Street cash, euro currencies, japan | |
| Street cash, other regions | |
| Interbank transfers of various sorts (wires etc), bank checks | |
| personal checks | |
| Consumer-level electronic account transfers (eg bPay) | |
| Business-account-level retail transfer systems, bitcoins on the hypothetical future Lightning Network | |
| Soft | |
| Paypal and similar ‘new money’ entities, bitcoins on a bitcoin exchange controlled by your username and password login | |
| Credit cards | |
The difference between hard money and soft money is that people are always happy to take hard money, not so happy to take soft money. Always willing to give you soft money for hard money, not so keen to give you hard money for soft money.
Kate’s wall
December 5th, 2017The importance of the Trayvon Martin case is that every single person realized that obviously Trayvon Martin attacked Martin Zimmerman out of racial animus, but those arguing that Zimmerman should be charged with murder were arguing that whites should just suck up being attacked and killed by blacks. Every single person that accuses Zimmerman of attacking Trayvon, adduces as evidence that Zimmerman provoked Trayvon by suspecting him of being a criminal merely because he was dressed like a criminal and acting like he was casing the joint. But if Zimmerman provoked Trayvon, that is not reason to suspect that Zimmerman attacked Trayvon, that is reason to suspect that Trayvon attacked Zimmerman. They say that they are arguing that Zimmerman attacked Trayvon, but in fact the arguments and the evidence that they present are arguments and evidence that Trayvon, being black, was entitled to attack and kill Zimmerman, being less black.
And the importance of the #KateSteinleVerdict is that capriciously killing whites for laughs is socially approved and high status. Read the rest of this entry »
A good time to invest in bitcoin
December 4th, 2017In 2013 I recommended investing in bitcoin.
Quite recently I recommended not investing in bitcoin, because my cleaning lady who has no idea what to do when her computer freezes up, is investing in bitcoin. When the widows and orphans start buying stocks, it is time to sell.
Lately I have heard tell of thought criminals opening bitcoin accounts, because they noticed “Nazis” getting their accounts blocked, and figured that come the terror, they would need some money that could not be blocked.
That, people getting bitcoin accounts for actual monetary use, is a mighty good reason to invest in bitcoin. Time was when these people would have purchased gold or uncut diamonds.
Total value of Bitcoin it is currently around two hundred billion. People hold gold for roughly the same purpose as they hold cryptocurrency. It is reasonable that the total value of all crypto currencies should be comparable to the total value of gold, which is at present ten trillion.
Some other crypto currency may, and quite likely will, replace bitcoin.
But at the present moment, Bitcoin is where it is at. The aggregate value of all the various cryptocurrencies out there is dominated by aggregate value of bitcoin.
Which gives room for Bitcoin to rise by a factor of fifty.