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Common types of scams in crypto and DeFi
- Sometimes it's obvious that a scheme is a scam. In other cases, it's a grey area. For example, are copycat coins, pyramid schemes, and vaporware coins necessarily scams? In crypto, it could be argued that there is a spectrum from obviously legitimate to obviously scam schemes, with the exact divide being a gray area. Common ...more
Is Inflation Good For The Poor?
- The Intercept story “Inflation is Good For You” argues that “Inflation is bad for the 1 percent but helps out almost everyone else.” After denying the threat of inflation, then claiming that it is transitory and that it would fade away, the mainstream is finally admitting a wave of unprecedented inflation for the foreseeable future. So now the story is ...more
How to transfer Bitcoin from a Multibit Classic or Multibit HD wallet into Electrum
- Multibit was one of the better Bitcoin wallets between 2011-2016. However, in 2019, both Multibit Classic and Multibit HD have been abandoned by its owner Keepkey and are no longer supported. If you still have Bitcoin in your Multibit wallet and need to get it out, read on. You can still try to send Bitcoin out of ...more
How to Avoid Buying Trash Crypto That Wastes Your Money
- Original posted at The Bitcoin Consultancy Buy And Hold Your Entire Crypto Portfolio In Bitcoin The only guaranteed way to avoid falling for a crypto scam is to keep 100% of your crypto portfolio in Bitcoin. Investors fall for crypto scams when they try to beat the returns of Bitcoin through a variety of other coins and schemes. Let’s ...more
Why are there so many scams in crypto?
- Original posted at The Bitcoin Consultancy If you can imagine a way to lose money in crypto, I’ve heard it. Since 2017, I’ve heard from thousands of victims of every crypto scam imaginable. But for every crypto scheme which is outright theft, there are ten trash crypto-assets created mainly to take your money and run. Each project has a ...more
How to Avoid Buying Trash Crypto That Wastes Your Money
- Original posted at The Bitcoin Consultancy If you can imagine a way to lose money in crypto, I’ve heard it. Since 2017, I’ve heard from thousands of victims of every crypto scam imaginable. But for every crypto scheme which is outright theft, there are ten trash crypto-assets created mainly to take your money and run. Each project has a ...more
How Fiat Money Corrupted Savings & Made Us All Market Speculators
- Originally posted at The Bitcoin Consultancy Before the world switched to a fiat monetary system, people who wanted to build wealth kept their savings in a bank. Interest rates tended to equal the average rate of profit, which was enough for all but a small minority of professional investors and entrepreneurs. This all changed with the move ...more
The shortages were unevitable
- What did you think would happen? 1: Lockdowns and unemployment subsidies constrain production 2: Print trillions of dollars and throw it out of helicopters 3: Consumers start spending stimulus money 4: Manufacturing shifts to the production of consumption goods 5: Producers bid up prices of production goods and labor 6: Price increases, shortages, and unfilled jobs everywhere. It has nothing to do ...more
Why aren't all economists rich?
- Why aren't all economists rich? Some are. Economics is the most common degree amongst the world's top 100 billionaires. Some famous economists such as David Ricardo and John Maynard Keynes were very wealthy indeed. However, for the most part, economists will give you a list of excuses why understanding economics won't make you rich. They are ...more
Bitcoin has already advanced global privacy and financial autonomy
- If Bitcoin and other cryptocurrencies were to disappear tomorrow, what legacy would they leave behind? I can think of three main impacts: First, Bitcoin raised awareness of the flaws in fiat money, the superiority of sound money, and the potential of people to trade with each other without third-party intermediaries. Second, Bitcoin has provided a life raft to ...more
The 2nd Amendment: "...Shall Not Be Infringed."
- Senate hearing on gun control The 2nd Amendment has been a big topic of discussion, recently -so much so that you're probably sick of hearing about it, at this point. But, this is an important subject to follow because there's a lot at stake(sample for this is gambling, it's a 50-50 decision that leads to ...more
The History of Fascism in the United States
- Introduction / Overview When you mention fascism, many people immediately think of Nazi Germany. Very few… dare I say, “Americans”… are aware of the fact that fascism was somewhat popular in the United States around the same time as the rise of the National-Socialist Party in Germany. This is an important issue to understand, because the ...more
The Anti-Gun Culture in America: The War on Personal Accountability
- This is diagram of a basic .22 caliber revolver. It has less than 20 parts, and all of them are fairly simple to make in your garage with the right equipment if you really wanted to take the time to figure it out. A standard AK-47 barely has twice that many parts, minus the screws ...more
Christian Anarchism
- Many anarchists have a deep-seeded hatred for religion, and Christianity in particular. This is understandable due to the corruption of religious authority, the church's connections with and coercion of the state, and and countless acts of seemingly senseless violence in the name of God throughout history. Some of this rejection comes directly from a distaste for authority, and ...more
The History of Fascism in America: Part One of Many... (Somewhere in the Middle)
- When you mention fascism, many people immediately think of Nazi Germany. Very few… dare I say, “Americans”… are aware of the fact that fascism was somewhat popular in the United States around the same time as the rise of the National-Socialist Party in Germany. This is an important issue to understand, because the general consensus ...more