Search found 239 matches

by bitcoininthevp
Wed Sep 07, 2016 8:36 am
Forum: Permanent Portfolio Discussion
Topic: Sovereign Man PP Article: When they say ‘hoarding’ instead of ‘saving’ you know you’re in trouble
Replies: 6
Views: 3185

Sovereign Man PP Article: When they say ‘hoarding’ instead of ‘saving’ you know you’re in trouble

Thought yall might enjoy and might have some opinions. https://www.sovereignman.com/trends/when-they-say-hoarding-instead-of-saving-you-know-youre-in-trouble-20185/ I dont agree with his long bond comment since he also presumes negatively trending interest rates. And Ive seem the same comments about...
by bitcoininthevp
Thu Aug 25, 2016 5:08 pm
Forum: Other Discussions
Topic: PPers Thoughts on 'The Sovereign Individual'
Replies: 19
Views: 6778

Re: PPers Thoughts on 'The Sovereign Individual'

You've got to get the money out of the game as well as the career political hacks. If government is unable to take wealth from its citizens, it will have less money to operate on. It will be forced to shrink due to less funds. This shrinking means that it has less control of things. Lobbyists are t...
by bitcoininthevp
Thu Aug 25, 2016 10:49 am
Forum: Other Discussions
Topic: PPers Thoughts on 'The Sovereign Individual'
Replies: 19
Views: 6778

Re: PPers Thoughts on 'The Sovereign Individual'

Kbg wrote:I'll take more government that is good over less government that is bad any day of the week.
Ill take take option C. (Much) Less government that is also good. And that is what I am working towards.
by bitcoininthevp
Thu Aug 25, 2016 9:45 am
Forum: Other Discussions
Topic: PPers Thoughts on 'The Sovereign Individual'
Replies: 19
Views: 6778

Re: PPers Thoughts on 'The Sovereign Individual'

MachineGhost wrote:But, I suggest reading something like The Singularity is Near by Kurzweil if you want to have a broader and less doom porny vision of the future from an actual futurist with a track record.
Thanks for the suggestion! Added to my amazon wishlist!
by bitcoininthevp
Thu Aug 25, 2016 9:44 am
Forum: Other Discussions
Topic: PPers Thoughts on 'The Sovereign Individual'
Replies: 19
Views: 6778

Re: PPers Thoughts on 'The Sovereign Individual'

If you peel government back to its bare essential it is people give up some freedoms for physical protection. Does anyone really think the info age causes people to no longer care about physical protection? I am quite sure the first time the vast majority experiences a truly unsafe experience they ...
by bitcoininthevp
Thu Aug 25, 2016 9:31 am
Forum: Other Discussions
Topic: PPers Thoughts on 'The Sovereign Individual'
Replies: 19
Views: 6778

Re: PPers Thoughts on 'The Sovereign Individual'

Maybe. A world without tyrants seems like it may be a ways off. I dont think any of these future worlds have, as a premise, that tyrants will not exist. The idea, as I see it, is that the technologies for private money and private communications will empower the individual at the expense of the gov...
by bitcoininthevp
Wed Aug 24, 2016 6:58 pm
Forum: Other Discussions
Topic: PPers Thoughts on 'The Sovereign Individual'
Replies: 19
Views: 6778

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: 6778

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: 6778

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: 3
Views: 2583

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: 20199

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: 20199

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: 20199

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: 20199

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: 20199

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: 20199

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: 20199

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: 20199

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 ...
by bitcoininthevp
Thu Aug 04, 2016 9:11 am
Forum: Variable Portfolio Discussion
Topic: Bitcoin Mining
Replies: 51
Views: 20199

Re: Bitcoin Mining

Are you saying it is foolish to keep your bitcoin investment in the exchange (because it could be hacked)?

Or are you saying bitcoin is a foolish investment because the price can drop when companies in the bitcoin space have problems?
by bitcoininthevp
Thu Jul 21, 2016 8:26 am
Forum: Variable Portfolio Discussion
Topic: Bitcoin Mining
Replies: 51
Views: 20199

Re: Bitcoin Mining

As to the original question about mining, yes, the window seems to have closed for personal mining to be profitable.

Mining has centralized in China due to extremely low electricity costs.

Bitcoin mining is now a specialization.
by bitcoininthevp
Thu Jul 21, 2016 8:22 am
Forum: Variable Portfolio Discussion
Topic: Bitcoin Mining
Replies: 51
Views: 20199

Re: Bitcoin Mining

I would advise against the Cloud Mining route. It may work out for you but it has been rife with scams over the years. Also, your profits will largely be based on the market price of bitcoin, so complicating your investment with 3rd party middlemen and other variables (new mining technologies, elect...
by bitcoininthevp
Tue Jun 14, 2016 12:21 pm
Forum: Permanent Portfolio Discussion
Topic: Announcing: The Permanent Portfolio Slack Channel
Replies: 7
Views: 1926

Re: Announcing: The Permanent Portfolio Slack Channel

There are other finance/investing Slack channels out there, thought PP could use its own. Here are examples of others:

https://www.hamsterpad.com/chats/finance
by bitcoininthevp
Tue Jun 14, 2016 12:16 pm
Forum: Permanent Portfolio Discussion
Topic: Announcing: The Permanent Portfolio Slack Channel
Replies: 7
Views: 1926

Re: Announcing: The Permanent Portfolio Slack Channel

TennPaGa wrote:Why should I sign up with (assuming your description is accurate) something that is essentially a copy of what already exists here?
Slack is more of a real time chat. Forums are (usually) longer form and less timely. Txt message vs email might be an analogy.

Try it out if you are curious!
by bitcoininthevp
Tue Jun 14, 2016 8:47 am
Forum: Permanent Portfolio Discussion
Topic: Announcing: The Permanent Portfolio Slack Channel
Replies: 7
Views: 1926

Announcing: The Permanent Portfolio Slack Channel

Ive created a Slack chat room for our Permanent Portfolio community with signup form here: https://permanentportfolioslack.herokuapp.com/ After signup (free, just need an email address), you can login here: https://permanentportfolio.slack.com Ive setup rooms for bonds, cash, gold, stocks but we can...
by bitcoininthevp
Tue Jun 14, 2016 8:43 am
Forum: Permanent Portfolio Discussion
Topic: PP Facebook Request!!
Replies: 16
Views: 5429

Re: PP Facebook Request!!

For any of the community interested in chatting on Slack, Ive created a Slack channel just for us:

https://permanentportfolioslack.herokuapp.com/