Search found 161 matches

by bitcoininthevp
Wed Aug 24, 2016 6:58 pm
Forum: Other Discussions
Topic: PPers Thoughts on 'The Sovereign Individual'
Replies: 19
Views: 5802

Re: PPers Thoughts on 'The Sovereign Individual'

Remember, though, LOTS of people don't like the pressure of independence and are comforted by having someone around to tell them what to do. A lot of people DO have that preference. But in the future, that may be a yes/no choice for individuals to opt in and out of instead of a forced default chose...
by bitcoininthevp
Wed Aug 24, 2016 6:55 pm
Forum: Other Discussions
Topic: PPers Thoughts on 'The Sovereign Individual'
Replies: 19
Views: 5802

Re: PPers Thoughts on 'The Sovereign Individual'

You might be interested in the book if you have thought about such concepts. They predicted cybercurrency 10+ years before bitcoin came out. They have other techniques and insights for how they see the future as well. In terms of your practical guide question, have you used bitcoin? Bitcoin can serv...
by bitcoininthevp
Wed Aug 24, 2016 6:28 pm
Forum: Other Discussions
Topic: PPers Thoughts on 'The Sovereign Individual'
Replies: 19
Views: 5802

PPers Thoughts on 'The Sovereign Individual'

https://www.amazon.com/Sovereign-Individual-Mastering-Transition-Information/dp/0684832720 Has anyone read the book? I enjoyed it, but perhaps that is because I agreed with alot of it. Wanted to get some other PPers perspectives. In The Sovereign Individual, Davidson and Rees-Mogg explore the greate...
by bitcoininthevp
Wed Aug 24, 2016 6:19 pm
Forum: Permanent Portfolio Discussion
Topic: Estate tax in US?
Replies: 4
Views: 2275

Re: Estate tax in US?

Estate tax is unlikely to go anywhere in my opinion since that law is basically the democratic "tyranny of the masses" targeting the minority of the rich because of jealously. In fact, I suspect it will get worse given the country's financial trajectory and mood.
by bitcoininthevp
Fri Aug 12, 2016 10:31 am
Forum: Variable Portfolio Discussion
Topic: Bitcoin Mining
Replies: 51
Views: 18060

Re: Bitcoin Mining

MG, I have not heard of HEAT, I need to look into that. Thanks for pointing me towards something new. Good to have another crypto enthusiast in the PP forums. :) What we really want from Bitcoins is the blockchain revolution to trickle upwards and remake traditional finance. Agreed. However, I think...
by bitcoininthevp
Wed Aug 10, 2016 5:59 pm
Forum: Variable Portfolio Discussion
Topic: Bitcoin Mining
Replies: 51
Views: 18060

Re: Bitcoin Mining

I think the core thing here is there is no rule of law about the blockchain. If a controlling majority decides to do something that isn't in your best interest including stealing your bitcoins, there is no recourse other than to quit using it. Some may like this Wild West free-market tyranny for id...
by bitcoininthevp
Wed Aug 10, 2016 5:45 pm
Forum: Variable Portfolio Discussion
Topic: Bitcoin Mining
Replies: 51
Views: 18060

Re: Bitcoin Mining

Bitcoins days may be numbered since the Chinese that own the vast majority of the mining power aren't that interested in collaborating together to impose changes or evolve. Some might see this as a feature and not a bug. I see bitcoin as the settlement layer that things like "3rd generation blockch...
by bitcoininthevp
Wed Aug 10, 2016 5:40 pm
Forum: Variable Portfolio Discussion
Topic: Bitcoin Mining
Replies: 51
Views: 18060

Re: Bitcoin Mining

If someone hacked into Vanguard, I think I'd still get my shares back eventually. And, if someone hacked into my bank and/or robbed my branch at gunpoint, I'd still get my FDIC-insured dollars. I'd like to see the same thing from bitcoin, rather than, we're spreading the loss around to our customer...
by bitcoininthevp
Fri Aug 05, 2016 5:12 pm
Forum: Variable Portfolio Discussion
Topic: Bitcoin Mining
Replies: 51
Views: 18060

Re: Bitcoin Mining

Owning bitcoin is a recipe for disaster. I would recommend finding other more tangible investments. Reub, Im a big fan of "Rule #9: Don't ever do anything you don't understand." Is that is what you are saying above? If so, more power to you. If what instead you are saying instead is bitcoin is a ba...
by bitcoininthevp
Fri Aug 05, 2016 9:45 am
Forum: Variable Portfolio Discussion
Topic: Bitcoin Mining
Replies: 51
Views: 18060

Re: Bitcoin Mining

Much like storing gold with a third party, storing bitcoin at a bitcoin exchange introduces third party risk. The ecosystem around bitcoin (exchanges, etc) is young and this risk is particularly high at the moment as services start to build up around bitcoin. I hope people learn not to store signifi...
by bitcoininthevp
Thu Aug 04, 2016 11:40 am
Forum: Variable Portfolio Discussion
Topic: Bitcoin Mining
Replies: 51
Views: 18060

Re: Bitcoin Mining

Dual, The code you have printed on the paper is what is referred to as a "cold/paper wallet". The code is essentially a long password. It doesnt exist anywhere else in the world (unless youve given it out). Due to the "magic" of cryptography that password unlocks your special bitcoin address without...
by bitcoininthevp
Thu Aug 04, 2016 10:35 am
Forum: Variable Portfolio Discussion
Topic: Bitcoin Mining
Replies: 51
Views: 18060

Re: Bitcoin Mining

dualstow, totally reasonable. The option to store bitcoin yourself is there as well. You dont need an exchange to hold it for you. You can store your wallet on a piece of paper and secure that. Or you can have paper copies of it with trusted individuals. You can use a "brain wallet" and store it in ...