Ban Bitcoin?

“Bitcoin is the most subversive technology on the planet. This is a system that is growing around the entire world. But Bitcoin is just math. The government, no matter how many guns they draw, cannot change a mathematical problem. They can point their guns at 2+2 but it’s always going to equal 4.”Erik Vorhees

The S&P closed today’s trading session at $2,822. Gold closed at $1,283 per ounce. Crude Oil closed at $58.12 per barrel. The 10-year Treasury rate closed at 2.29%. Bitcoin is trading around $7,819 per BTC today.

Dear Journal,

Spring gradually gives way to summer up here in the mountains of Virginia.

And while the outside world frets over geopolitics… trade wars… wealth gaps… elections… and whatever else the news puts in front of them, I quietly admire the brilliance of nature.

You see, the seasons represent change. Unstoppable change. They turn with nature’s cycles whether we want them to or not.

Each season comes with its own beauty. And its own drawbacks.

The choice we have to make is whether to focus on the good… or the bad. That’s it.

And I believe that choice is what determines the course of our life.

Contentment or anger… love or hate… success or failure… it’s all in how we view the world.

Einstein said that there are only two ways to live. One is as though nothing is a miracle. The other is as though everything is.

Was he right? I don’t know. But I bet there’s some wisdom in there somewhere.

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The Future of Banking

“The biggest disruption of Bitcoin is that banks are no longer needed. Every major financial institution has made this technology its focus… but they say Bitcoin is a fraud. It’s the blockchain, they proclaim. They can utilize the technology ‘behind Bitcoin’ to make themselves smarter, better, faster, bigger. But Bitcoin’s fundamental use-case is to remove the banking function entirely from the equation. When banks come to terms with this, they will contact their congressmen and spend millions… maybe billions to slander Bitcoin.”Erik Voorhees

The S&P closed yesterday\’s trading session at $2,502. Gold closed at $1,300 per ounce. Crude Oil closed at $50.66 per barrel. The 10-year Treasury rate closed at 2.26%. Bitcoin is trading around $3,780 per BTC today.

Dear Journal,

I have ventured back down to south Florida to see what Irma left behind… and maybe do a little more work in the publishing arena.

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Of Bitcoin, Bankers, and Tulip Bulbs

“At its core, bitcoin is a smart currency, designed by very forward-thinking engineers. It eliminates the need for banks, gets rid of credit card fees, currency exchange fees, money transfer fees, and reduces the need for lawyers in transitions… all good things.” – Peter Diamandis

The S&P closed yesterday\’s trading session at $2,498. Gold closed at $1,326 per ounce. Crude Oil closed at $49.34 per barrel. The 10-year Treasury rate closed at 2.20%. Bitcoin is trading around $3,616 per BTC today.

Dear Journal,

“I just want you to know that I actually like my Bitcoin shirt!”, wife Rachel said to me after reading my last journal entry.

“Have you worn it in public yet?”

“Well, no…”

Keeping with our Bitcoin theme, the honourable Jamie Dimon – CEO of JP Morgan Chase – shared his thoughts at an event hosted by Barclays this week:

“It’s worse than tulip bulbs. It won’t end well. Someone is going to get killed… it will blow up.”

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A Season for Change

To every thing there is a season, and a time to every purpose under the heaven… Wherefore I perceive that there is nothing better, than that a man should rejoice in his own works; for that is his portion: for who shall bring him to see what shall be after him?” – Ecclesiastes 3

The S&P closed yesterday\’s trading session at $2,487. Gold closed at $1,335 per ounce. Crude Oil closed at $48.07 per barrel. The 10-year Treasury rate closed at 2.06%. Bitcoin is trading around $4,288 per BTC today.

Dear Journal,

It has been ten months since I have last written to you… and this world is far different from what it was before.

For starters, Little Maddie is no longer a toddler. She is a little lady. And like all ladies, Maddie knows best… about everything.

Daddy, that’s not how you do it!”, she exclaims with absolute confidence. “Here, let me show you! Okay, daddy. You try…

Her father just smiles and obeys… but his mind wanders in amazement. There was no Maddie four years ago. She didn’t exist.

Continue reading “A Season for Change”