Tag:

tech bubble

BitCoin Lightning Network: adding more layers of software increases the surface area of attack

Please do some more research […] when the LN (Lightening (sp) Network) comes out it will address these issues and maintain the 1mb block size which will help it remain decentralized.

The lightening (sp) network coming soon will solve many current problems with Bitcoin.

I don’t think you understand.

“I don’t think you understand… Read more

A theory: how BitCoin will be used as a scapegoat for bad monetary policy

Here’s my conspiracy theory in a nutshell:

The hype of cryptocurrencies is backed by governments and banks (Russia and China are explicitly doing so).  Global market psychology is manipulated by driving up cryptocurrencies with an injection of capital (on the scale of 70%+ of the market cap). The sharp rise in the price of cryptos garners widespre… Read more

To the moon, BitCoin! When taxicab drivers are buying it, it must be a sound investment, right? Right?!

As of the time of the writing of this article, BitCoin has eclipsed $15,000 USD/BTC, nearly double its value from a month ago.  Similarly, another cryptocurrency which I tout as technologically better than BitCoin due to its more privacy friendly transactions, Monero, has nearly tripled in the same timeframe.

Just tracking the visits to my post on how to mRead more

With Bitcoin looking to break through $10K USD today, how would a future using just cryptocurrency look like?

Global housing markets, stock markets, cryptocurrency markets, you name it — everything is at record highs today.

What else is at record highs?  Debt.

It is still folly to think any market is primarily operating under fundamentals rather than leverage-fueled speculation.

The cryptocurrency bubble is interesting because it has the persuasive pro… Read more

Netflix stock price is its own “house of cards” waiting to fall

Trading at nearly 300 times earnings, the debt-fueled stock market has placed a considerably high valuation on Netflix.

Netflix is a microcosm of the world. Just as most consumers and nations are debt ridden, overly speculative, and at the peak of irrational exuberance, so is Netflix.

A recent article “Netflix sinking deeper into debt to fuel subscRead more

Keynesian economics is one big persuasion tactic to grow the government and central banks

Like the postmodern movement, the rise of Keynesian theory in academia in the past century has led to government institutions wielding more power than they merit. The general public doesn’t really understand this recent interpretation of economics, so they are encouraged to trust a group of economic “experts” to sort it out for them.… Read more

FANG(+T) tech bubble: Twitter loses less money than it thought, jumps 10% pre-market

On Thursday, Twitter reported a third-quarter loss of $21 million, or 3 cents per share. Excluding one-time items, the company earned 10 cents per share in the latest quarter.

The results exceeded Wall Street expectations. The average estimate of 12 analysts surveyed by Zacks Investment Research was for earnings of 6 cents per share.

The company posted re

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Max Keiser goes insane at Nexus Conference! Why his strongest argument for BitCoin is weak

BitCoin cheerleader Max Keiser recently “debated” gold bug Peter Schiff at the Nexus Conference.  It wasn’t a debate.  It was a comedy show.

Just to clarify right away, I am not making a case for gold over cryptocurrencies. My position is that both are overinflated by the debt bubble (see There’s no use arguing BitCoin vs. gold)… Read more

Exploiting the “big data” monopoly: YouTube, Google and Facebook are vulnerable in ways small startups are not

“Big data” is a relatively new domain in software. Programming languages such as Python and R have sharply risen in popularity as they specialize in statistical analysis of large data sets.  Fluency in these languages is a requirement for aspiring employees of Alphabet (YouTube/Google) and Facebook.

“Big data” only exist… Read more

Former Google software engineer James Damore points out the politicization of big tech companies

James Damore is a former Google (parent company Alphabet) software engineer that was fired for sharing his thoughts on discriminatory hiring practices within the company and his suggestions on how to better attract diverse talent.

To prepare for a series of upcoming blog posts on how big tech and social media firms are becoming increasingly detrimental t… Read more