What Happens To A Currency When The Rate Of Monetary Inflation Is Suddenly Dropped To Half? [View instapost]
Bitcoin fits none of the criteria of a Ponzi scheme. -There are no promises of payouts to anyone. -No one is "selling" it - in fact the lead developer calls it "an experiment" and advises to "not invest more than you can afford to lose".
Of course bitcoin might fail - but only if it is attacked by a group of banks or governments if they decide that their monopoly on monopoly-money (fiat) is too precious to lose. See: http://seekingalpha.co...
Bitcoin is one of those rare things which truly *could* make the world a better place, but which will probably be killed by those in power. A Ponzi, however, it is not!
The U.S. Dollar, Obama And The Gold Standard [View article]
In principle you are right. However, so-called "offline transactions" can actually be made and broadcast on the network later. Nevertheless, internet (or some kind of data networking) is needed for the system to be practical. But if all data networks go down, banks and bank transfers will also effectively freeze.
Regarding blocking, there are no sites to block. There is no "bitcoin.com" to block/close down/ddos attack. That's the beauty of it. Just like the bittorrent network has taught the copyright industry, p2p networks are extremely hard to cripple.
Sure, bitcoin might fail, but the risk/reward makes it silly to not own a few...
The U.S. Dollar, Obama And The Gold Standard [View article]
If you dislike the perpetual debasement which always kills government-decree money in the end - I suggest you take a serious look at the decentralized alternative: http://seekingalpha.co... which - by the way - is outperforming gold and the precious metals - hands down.
Can They Spare A Penny A Click For International Coverage? [View instapost]
I fully agree that SA has way too narrow focus on the US equities markets. The world is big - and I'd argue that many of the best and most interesting investments are to be found elsewhere.
The SA editors also have a clear tendency to dismiss submitted articles ("We think this would make a very good instablog...") if the main theme is not about US stocks.
Keep up the good work, Jon. (If you want your readers to be able to "tip" you for good content just add a bitcoin address. I'd tip good articles.)
The Fracking Tales Of Natural Gas Producers [View instapost]
Well I'm riding pretty high with my henry hub futures right now. And I firmly expect to ride them much, much higher. The shale (dumb money) crowd is in for a nasty surprise, I think. (oh and my BTU position is also now in the green... Good times)
Why The Natural Gas Picture Is Improving [View article]
Well, some of us loaded up on Henry Hub futures a back in April. These futures are my best trade this year (except Bitcoin, which of course is outperforming every thing else on my investment radar - including Nat gas futures).
PRC 'Policy Paper' Favors Kandi Technologies EV Program For All Of China [View article]
Great piece once again Art. My KNDI position is firmly in the green (thanks to some bottom-fishing I did during the hit-piece inflicted lows - and general "China-phobia" - of last year) and I expect the upside here to be quite amazing. This stock feels like holding aPC-software stock in the early 1980'ies. KNDI might fail, but it also has the potential to a Microsoft-style home run.
Palladium ETF Shares Strong Link To Automakers, Worst Of Metals In 2012 [View article]
The case for palladium is not based on demand - it is based on supply! Supply is failing faster than demand. That is why palladium is up 3.5x since 2009 (which, by the way is better than any of the other metals you name).
Palladium is, also at these levels, an awesome investment.
No, Peak Oil Is Not Going To Happen [View article]
This article is so amazingly uninformed that I don't know where to start.
"Peak oil theorists have been wrong for over a century. I would make a long list of all the wrong predictions, but I'll just save time and say any predictions that it would happen by now were wrong."
You've got courage - I'll give you that!
Campbell's much ridiculed peak-oil projection from '96 underestimated true production - by a few MBPD, true. BUT EIAs predictions on production from the same period are off to the tune of 15 MBPD - that's roughly two (!!) Saudi Arabias. And don't even get me started on CERA/Yergin and his beyond-sad record of predictions about us drowning in oil - or Maugeri whose predictions consistently have been so far off the mark that I am amazed that he even takes himself seriously anymore.
Oh - and then there is the newest ideas of the "the world is flat"/"peak oil is a myth" - crowd: The drop in crude output is not due to geology - it is (they say) due to *lack of demand*. Really?? With oil prices at 5 times (!!) of what EIA predicted just ten years ago - even in a time when the world economy flirts with global depression - how can you *possibly* claim that demand is down? Far more likely - the economy is being strangled by lack of oil availability. If you did your homework you would know that price elasticity in oil is almost zero at the present time.
Seriously Shaun - are you smoking something illegal?
What Happens To A Currency When The Rate Of Monetary Inflation Is Suddenly Dropped To Half? [View instapost]
http://bit.ly/Sqc9vp
What Happens To A Currency When The Rate Of Monetary Inflation Is Suddenly Dropped To Half? [View instapost]
http://bbc.in/V25uo6
What Happens To A Currency When The Rate Of Monetary Inflation Is Suddenly Dropped To Half? [View instapost]
-There are no promises of payouts to anyone.
-No one is "selling" it - in fact the lead developer calls it "an experiment" and advises to "not invest more than you can afford to lose".
Of course bitcoin might fail - but only if it is attacked by a group of banks or governments if they decide that their monopoly on monopoly-money (fiat) is too precious to lose. See: http://seekingalpha.co...
Bitcoin is one of those rare things which truly *could* make the world a better place, but which will probably be killed by those in power.
A Ponzi, however, it is not!
The U.S. Dollar, Obama And The Gold Standard [View article]
But if all data networks go down, banks and bank transfers will also effectively freeze.
Regarding blocking, there are no sites to block. There is no "bitcoin.com" to block/close down/ddos attack. That's the beauty of it. Just like the bittorrent network has taught the copyright industry, p2p networks are extremely hard to cripple.
Sure, bitcoin might fail, but the risk/reward makes it silly to not own a few...
The U.S. Dollar, Obama And The Gold Standard [View article]
http://seekingalpha.co...
which - by the way - is outperforming gold and the precious metals - hands down.
Can They Spare A Penny A Click For International Coverage? [View instapost]
The SA editors also have a clear tendency to dismiss submitted articles ("We think this would make a very good instablog...") if the main theme is not about US stocks.
Keep up the good work, Jon.
(If you want your readers to be able to "tip" you for good content just add a bitcoin address. I'd tip good articles.)
Bitcoin: Such a good idea that it will probably fail [View instapost]
http://seekingalpha.co...
The Fracking Tales Of Natural Gas Producers [View instapost]
(oh and my BTU position is also now in the green... Good times)
Why The Natural Gas Picture Is Improving [View article]
Beware Of The Fake Gold Floating Around [View article]
"But my dearest tax collector - I don't own any Bitcoins.
Promise!.
...
Prove me wrong!"
--
It is very, very hard to tax Bitcoin/digital gold!
Beware Of The Fake Gold Floating Around [View article]
Can't be faked:
http://bit.ly/W7QtUy
PRC 'Policy Paper' Favors Kandi Technologies EV Program For All Of China [View article]
My KNDI position is firmly in the green (thanks to some bottom-fishing I did during the hit-piece inflicted lows - and general "China-phobia" - of last year) and I expect the upside here to be quite amazing.
This stock feels like holding aPC-software stock in the early 1980'ies. KNDI might fail, but it also has the potential to a Microsoft-style home run.
Saudi Arabia To Become A Net Importer Of Oil? [View article]
The ELM:
http://bit.ly/TXiifv
Saudi exports peaked in 2005:
BP data:
http://bit.ly/u83LwK
EIA data:
http://1.usa.gov/TXiifw
Palladium ETF Shares Strong Link To Automakers, Worst Of Metals In 2012 [View article]
Palladium is, also at these levels, an awesome investment.
No, Peak Oil Is Not Going To Happen [View article]
"Peak oil theorists have been wrong for over a century. I would make a long list of all the wrong predictions, but I'll just save time and say any predictions that it would happen by now were wrong."
You've got courage - I'll give you that!
Campbell's much ridiculed peak-oil projection from '96 underestimated true production - by a few MBPD, true.
BUT
EIAs predictions on production from the same period are off to the tune of 15 MBPD - that's roughly two (!!) Saudi Arabias. And don't even get me started on CERA/Yergin and his beyond-sad record of predictions about us drowning in oil - or Maugeri whose predictions consistently have been so far off the mark that I am amazed that he even takes himself seriously anymore.
Oh - and then there is the newest ideas of the "the world is flat"/"peak oil is a myth" - crowd:
The drop in crude output is not due to geology - it is (they say) due to *lack of demand*. Really??
With oil prices at 5 times (!!) of what EIA predicted just ten years ago - even in a time when the world economy flirts with global depression - how can you *possibly* claim that demand is down?
Far more likely - the economy is being strangled by lack of oil availability. If you did your homework you would know that price elasticity in oil is almost zero at the present time.
Seriously Shaun - are you smoking something illegal?