BTC #14: IGNORE BTC FUD: fear, uncertainty & doubt

Earlier this month, Britain’s Financial Conduct Authority warned crypto traders that they “should be prepared to lose all their money” because there are so many risks involved in Bitcoin.

Furthermore, Janet Yellen, President Biden’s pick to head the Treasury, laid down the hammer when she voiced worries last week that decentralized, anonymous cryptocurrencies could be used by criminals — provoking fears of a regulatory clampdown under the Biden administration.

“I think many are used, at least in a transactions sense, mainly for illicit financing, and I think we really need to examine ways in which we can curtail their use and make sure that money laundering does not occur through these channels,” Yellen said Tuesday.

This sounds like very scary stuff for Bitcoin.

Except it’s not.

What just happened in the centralized fiat markets with GME and AMC is a far bigger risk to investors.  The actions are directly linked to M1 and M2 money printing too.  Someone should tell Yellen this.  Maybe she is deaf because she got 810,000 dollars to speak from the Citadel Hedge Fund.  the same fund that just defrauded Robinhood users?  She got a lot more money from Wall Street by reports out today in the media.

Ironic……..that as soon as Yellen tried to scare Bitcoiner’s the shit storm just hit her own windshield.  How does Wall Street cheat?  It is not with crypto………they cheat with fiat money instruments.

The shorts, used fiat regulations of leverage to sell the stock of GameStop 140% short. Did you hear one person on social media or TV complaining about Wall Street hedge funds with short positions trying to crush GameStop claim?  Not one.  They were 140% short because they used fiat leverage to do it!”   How did they do it, Ms. Yellen?

They used cheap fiat money from the Fed printing press to gain leverage using rehypothecation.

GME was rehypothecated, which is a fancy way of saying that brokerages lent out shares of GME that didn’t exist. They basically created stock when there was no stock.  Hence why the short interest was above 100%.  It was at 140% yesterday and today it is still at 127%. This is what happens when you trust a third party. Bitcoin doesn’t require a trusted third party because it is DECENTRALIZED!

Central banks can print money far longer than ‘the public’ can remain solvent. That is FUNDAMENTALLY the problem with our CENTRALIZED SYSTEM on the corner of Wall Street and Broad.

Here is an example for Yellen to swallow………..here is how hedge fund cheats the public using fiat instruments that are centralized and need regulation.  Decentralized finance has no need for any of this.  It eliminates all middlemen because it removes people from controlling the market.

Here’s the bailout play coming.

Robinhood “raised” $1B overnight from existing investors and it is getting larger.

The elites in suits and hedge funds can’t let Robinhood die this way because it harms their centralized paradigm. Who’s gonna’ help them front-run so many average Joes otherwise?

Remember the ultimate Juris maxima: If something’s free, you’re the product. Robinhood was free so the retail investors from Wall St bets are likely the product being sold to someone else.  That someone else is who Biden and Yellen will protect.  You can bet your ass on it.  Those are the cheaters…………..and that is why we all need to unbank ourselves.

Bitcoiner’s will forget what you said, bitcoiner’s will forget how you did it, but they will never forget a centralized mistake.

Congress saved the hedge funds, but the US taxpayer can’t even get their stimulus checks. Wall Street bail outs are printed out of fiat dollars, not Bitcoin. The call for the BTC Standard is getting louder by the day.

I suppose since ‘We The People’ have seen over $20 trillion in debt monetized by Central Banks in the past decade, we’re now a bit jaded, but what the SNB (and others) is doing is MONETIZING equities. The retail investors of Wall Street Bets got fed up did their homework and put the elite Hedge fund managers balls in a vice grip to facilitate change. They are interested in destroying the centralized world of Wall Street. What did the retail investors of Wall Street Bets really do?  

When investors come into a decentralized market they add mass to it.  That mass creates its own value that Wall Street and the government cannot control.  That is the point of the silent revolution happening now.

This is who regulators hurt most

One country’s failure to realize the opportunity with crypto is another’s gain. Deregulating Bitcoin only hurts legitimate businesses that can benefit from its global, deflationary properties. Countries that have outlawed Bitcoin forced it onto the Black Market and lost out on benefiting it themselves.

Think about marijuana and why U.S. states are now legalizing it for major tax income.

Let me reiterate, legitimate U.S. businesses are the ones the U.S. hurts most with regulation. What’s stopping another global powerhouse like China or Japan from welcoming Bitcoin with open arms?

Don’t forget that Bitcoin is a deflationary currency, something that the U.S. needs desperately right now after printing 20% of all U.S. dollars ever created. Yes, one-fifth of ALL U.S. dollars were created in 2020 alone to fuel stimulus packages and financial bailouts linked to COVID-19.

Inflation is predicted to get much worse under Biden.  This is why I wrote BTC #6 for my patrons and members.

The Biggest Mistake Many Crypto Investors Make

They invest in Bitcoin without first understanding it.

They just want to make money ASAP and go home with their loot.

Sure, you can probably pull this off if this is you. The problem is, however, that when Bitcoin drops you may not have the stomach to wait it out. Your lack of confidence — of knowledge — will make you pull the trigger on what could be the best investment of your life.

Learn as much as you can about crypto before investing any money into it. This game isn’t for the faint of heart. You have to believe in what you’re getting into, or else you might burn a hole in your pocket.

WHAT JUST HAPPENED THIS WEEK IN WALL STREET IS THE MOST BULLISH THING FOR BITCOIN.  REALIZE THIS NOW, folks.

January 2021 position on the Fed/Deep State: https://twitter.com/TetotRemi/status/1353659629708976131

2020 was when the criminals in the Deep State made their moves. 2021 is when the people counter those moves by forcing decentralized blockchains down the Deep State’s throat.

They can only control us because we use their currency. We can opt out using the people’s currency = BTC.

The early Bitcoiners you call lucky actually had 3 things:

1. Curiosity: That’s why they found BTC before you.

2. Intelligence: That’s why they grasped BTC before you.

3. GUTS: That’s why they bought BTC before you.

If you still don’t own BTC, you lack at least one of those attributes.

BTC #13: PHYSICIANS NOW TAKE A TECHNOCRATIC OATH

Article

Computer codes are algorithms that are shaping the way we live, and not in a good way.

Google is a company who uses algorithms to collect data to take advantage of it in some way to generate profits.

An algorithm is a set of guidelines that describe how to perform a task.

So why did they buy FitBit?

They needed data to fill the data sets to run their algorithms before the enter the healthcare sector of the economy to cheat the public using code.

Medical algorithms are all code based and are being used to set up “evidence based guidelines”  Why is this a problem?

Can an algorithms contain evidence based guidelines if the evidence used to build the data base is flawed toward a centralized controller who does not have health as their only outcome?

The implications might be worse than that ^^^^^.

Even within computer science, machine learning is notably ‘opaque’.  Do you want something opaque ruining your treatment?  How can the doctor understand something he cannot read or see?  Healthcare algorithms are now increasingly central to the ways that we treat, making it all the more important to disperse that fog. Part of the issue, though, is that machine-learning algorithms are effectively programming themselves, meaning that they can sometimes be unpredictable, or even slightly alien. THE DOCTOR HAS NO CONTROL OVER HOW THEY EVOLVE.  That means you are being treated by something with no medical training.  Moreover, the operations algorithms contain are sometimes obscure even to those who originally created them!  This means a physician needs to understand the problems with coding if they are able to stop a bad effect.  Do you think physicians were trained for this?

No, they were not.

GOOGLE and Apple are part of the industrial healthcare complex and they have an “algorithm playbook” for medicine to eliminate physicians and nurses from the equations to gain control of the decision making tree to save a corporation money during the decision process……..but these computer based guidelines are not the one’s doctors would use to make decisions for your care.  They are done because they drive profit and lower costs.

They help many companies in the Big tech industry to help create illnesses using technology and then they create algorithms based solutions for these said sickness and they win profits for the share holders.  This is why they are the highest valued companies in the world today.  They use centralized control of data to get the outcome that suits them best.  It is very much how a slot machine works for a casino.

We got manipulated, my fellow doctors by “a technocratic oath” we were all sold in medical school and residency. The government helped sell this drama to us.  We screwed ourselves first, and as patients got screwed as collateral damage. From Google to Apple to 23andMe, many major tech companies are getting into the health research space over the last 20 years while doctors are being replaced by midlevel providers without MD degrees.  GUESS WHY?

You do not need a physician when you input data science into centralized medical algorithms. In fact this is how you transfer money from physicians to Big Tech via the centralized arm of the industrial healthcare complex.  The government and Big tech want you replaced by their machine learning.  Wise physicians must learn how to decentralize their practices at once.

Where are the physicians today that understand this linkage???  They are all employed by the industrial-healthcare complex.  They can be found pushing the narrative of their bosses on social media helping Big Tech perform this task to hundreds of thousands of doctors who have no idea their profession is being stolen from them by a centralized system.  Physicians have always had a patient’s best interest in mind and this kept them free of centralized ideas in the hospital or healthcare.  Therefore, it should make sense decentralized gatekeepers should provide the research as a care ancillary at the point of care.  Decentralized treatment options offer the freedoms to implement thoughtful control to benefit our patients well being and improve health outcomes.  Do you want to see a picture that makes the point clear?

The chicken on the left mimics patients and physicians who are forced into the hospital cages and the care programs the industrial healthcare complex offers today.

THE TECHNOCRATIC OATH IS A KILLER FOR DOCS AND PATIENTS:  OPT OUT

Is a system of centralized control mechanisms run by algorithm data grabs by the technocratic support staff (google).  The use of medical algorithms was not an attempt to solve complex healthcare problems at its core. Hubris and funding without contextual knowledge are a dangerous combination. Why do physiicans keep waiting to get invited to this party when we should be the ones hosting it and driving the discussion, for our patient’s benefit?  It is time for doctors to opt out and become fully decentralized if patients are to be helped escape chronic disease epidemics.

Big tech has done a lousy job of solving healthcare problems because they miss the fundamental point you just made about the doctor-patient relationship.

Today, health guidelines are built by centralized Big tech companies using algorithm as their prescription pad.   

Moreover, you do not know what the code in them says or how it is programmed to harm health, you’ll never understand how your healthcare is as manipulated the stock market moves. It becomes a casino game where hospitals and centralized supply chains control how care is delivered. This is why decentralized finance programs are being built on decentralized blockchains in finance to cut down the influence and costs in the financial world. We need to stop allowing the industrial-healthcare complex to control how health care is delivered because they use centralized algorithms which cheat the public and doctors using code in those algorithms to do the job in stealth fashion. These centralized algorithms then take the ‘care’ out of health’care’.

Centralized algorithms act as gate keepers in a network and this drives inefficiency in time and value. This is decentralized blockchain systems were innovated. If there are gate keepers, they will attempt to control free markets for their own manipulation.  This is why health guidelines and screening programs fail the public’s health.

As a result, today’s health guidelines on treatment and screening are mine fields. They were designed to ‘allegedly’ keep us healthy, when in reality, the companies who controlled the code, used it to enrich the profit and loss sheets of the industrial-healthcare complex.  This environment resists change and keeps vested interests entrenched while the public’s health outcomes show up in a myriad of modern epidemics with no cures.

The industrial-healthcare complex is the entertainment division for the owners of centralized medical algorithms. The initial programming begins in medical school and continues on your entire career and it tries to hide itself from your everyday life.  This is why cheating with code is so successful.

If you want to know why Big tech is trying to support the use of physician assistant (PA’s) and nurse practioners (NP’s = mid-level care) it is becase big tech has foster thinking in the industrial healthcare complex they can ‘harness” big data to predict the healthcare decisions through pattern identification using medical algorithms. They have not done this yet, because it cannot work.

In this new centralized system of medical algorithms, the industrial health care complex believe humans only deserve midlevel care because the code in algorithms can replace the thinking of physicians. Their logic is that most things in healthcare can be delievered by coding mechanisms according to the latest ICD code. A midlevel person is all one needs to input the data to the algorithm and disease should vanish.  Under this system diseases have exploded while the industrial healthcare complex profits have exploded.  All one has to do is check out their stock prices to see this effect.  

They believe, that only the few chosen diseases/patient will deserve real (thinking) doctors in the new code based system.

U.S. healthcare cost is $3.5 trillion centralized, and they want to keep the gravy train running by using centralized algorithms to generate profit, not healthcare results for you.

Science is too delicate for technocratic forces to govern. It turns clinicians and scientists into salesman for the industrial healthcare complex.  

The secrets of this earth are not for all people to see, but only for those who will seek them. That is the real job of a physician who is not biased by his master’s ideology.

BTC #12: GME/ACM TEACH US TIME IS RELATIVE

Here is a thought experiment for you all to ponder………….designed to not to give you answers…….designed to make you think better.

LISTEN BEFORE YOU READ

The Robinhood’s app, today, is boosting random ‘redditors’ ability to transform the energy in money at the expense of hedge fund alpha right now. Hedge funds time to react has collapsed faster than they could adapt.  

This means the momentum of monetary energy is capable of creating ripples in the space/time existence of hedge fund managers.  Might this be another powerful example of how DeFi will force changes in the reality we all experience? Is this another reason for hedge funds might have to use BTC as a Treasury hedge to gain more time back to make more money = alpha while compressing time? 

This issues with Redittors, GME/AMC, hedge funds, and Robinhood show that Web 1.0 and 2.0 are centralized.  We need a decentralized web.  If we had this Parler could not have been shut down.  Today, Robinhood shut down to lock out the Reddittors.

The public has an experienced history with the barons of Wall Street.  Time is never what it seems to be with them.  The Street never seems to lose in this casino game.  Is regular Joe is getting more pissed as time elapses and ready for the revolution of money to begin?

So what happened?  Citadel is an investor in Melvin Capital, which got run over by Wall Street Bets on the sub Reddit. Citadel Hedge fund is also Robinhood’s biggest customer.  Robinhood was never what it pretended to be. It built its business on selling Wall Street Bets order flow to the hedge fund Citadel. In the moment of truth, we learned which customer it cares about the most.  It was not the little guy.

Robinhood shut down Wall Street Bets to benefit their customer and destroy a market play.

Wall Street Bets did to the hedge fund suits what the suits have been doing to Main street Joe’s for a century. Then one call to Reddit, one call to Discord, one call to Robinhood…  It there anyone out there who still doesn’t think the system is rigged against the little guys?

When the Dow Jones falls below 5%, the market stops trading. Conversely there is no 5% cut off when the market gains. That’s not a free market. That’s an SEC safety net (aka socialism) for the rich.

Should we assuming that the next time a hedge fund starts to make too much money shorting and destroying a business, that they will be de-platformed from their Blomberg terminal and throttled by their prime broker in the name of orderly markets and consumer protection?  That will never happen until all DeFi applications are DECENTRALIZED!

The TIME HAS COME and this is the perfect storm for change.

Ask yourself, is true reality timeless?

For 500 years “time” has been paradoxical for physicists.

The distinction between the past, present and the future is an illusion, this comes from very well-understood physics, in Einstein’s case general theory of relativity.  Is this true?  Is it wise to believe time is a fixed constant?

Wells Fargo executives robbed their own customers in their mortgage scams, but let’s continue talking about some redditors shorting actions on GME/AMC. Shorting is how one collapses time in the stock market.  When a price rises quickly time vanishes and value is stolen.   It appears, from this perspective, reality is really a fucking illusion.

If you’re feeling rattled about learning that the stock market is a scam from the GME/AMC situation, wait until I tell you that money and time are illusions to, according to the laws of physics.

The GME and AMC show you fiat can only exist if time and value are illusions.

Is this this true?

Value is an illusion buried in the trust that makes a currency.  What about time?

The paradigm says, time is but an illusion created by beings with limited perception of what reality is all about.  Few people realize time is a concept that defines the past and future.  Time has no place in the present, hence it might be an illusion of the human brain to make sense of the chaos we sense.

Wall Street has forgotten their own axioms when it comes to time.   We should never make one customer our total priority when all you are to them is an option.  With respect to time, I think we get what we deserve.

When the Fed prints money and steals time and money from you, remember:  Currency fluctuations, inflation, and paper hike. You may not control all the events that happen to you by the Fed, but you can decide not to be reduced by them.  This is where BTC enters the equation.  We all need to choose wisely how to limit the effect of fiat on our lives.  Will this decision affect time in our life?   Understand how BTC controls the flow of value and time in your world.  Be brave now: and issue a letter to all your clients that you are hiking the prices. Most clients will respect you for it, and those who don’t were never going to value you appropriately either.  They are just like the Fed.

Pricing is actually a pretty simple and straight forward thing. Customers will not pay literally a penny more than the true value of the product you serve.  You know you’re priced right when your customers complain—but buy anyway.

What I ‘charge’ today has nothing to do with yesterday or tomorrow. It has to do with ‘now’!

The present moment is where time is timeless.

Price is what you pay. The value of time is what you get in the transaction.  I just completed my first crypto brainstorming session this week with a small group of people who wanted to to pick my brain to sample my value to expand the space time in their life they experience.  That made time and value tangible to them.

Today, forget the prices of things and cherish the value of people.

Others value your time exactly as you do. If you value it, so will other people.

If you don’t have a plan for your week before it begins, you’ve planned to fail.

Leaders who value their time always start with a plan for the week before it begins.

Always have a plan for your week before other people plan it for you.

Spend 80% of your time with people who give you 80% of your results and stand back and be amazed at what happens.  I use the filter of social media to figure out who that 20% is.

Regardless, if you haven’t decided ahead of time the kinds of people you’ll brainstorm with, you’re sunk.

The laws of nature are timeless, but the concept of time and value are not.  If the physical laws of Nature can change in time, then there’s nothing beyond time.

So what do I have to say about time now?  Time is real.  Based on the best evidence we have, and everything which appears real and everything which is true is real or true in a moment, which is one of a succession of moments. That’s what we experience. And the question should be in this case: Is that the structure of nature? Does nature exist in a series of moments, one after the other? Is that what’s really real about the world? Or is that, as Einstein said, an illusion, and there is some timeless picture which is the truer picture?

I think the present moment is built for BTC.  I think fiat is in our past. Why does time confabulate with our ability to reason?  I personally believe we are missing a historical dimension to physics and this is why time confounds us. As such, I believe, perhaps laws of nature change as the environment change.

BACK TO REALITY TODAY:

I think this is why what has happened to GME and AMC has happened.  I think the General Motors recent bankruptcy was the wormhole that opened this can or worms.  GM’s bankruptcy seemed to suspend time because of how it changed the rules of how bankruptcy were supposed to work.  When GM’s death was put off it was as if time was suspended, and in th bankruptcy procedings, equity stakes were kept alive for the sake of “time”…………and the reason why TIME was dilated in this way followed no laws; it was done for the survival of pensions for those whose employment for GM had long expired.  The laws were changed to preserve the TIME and value of past workers.  The lesson?  When value collapses in pensions, so does time.  This is why it is now time for a new version of people’s money.

BTC #11 : THORIUM IS USA’s CRYPTO MINING FUTURE

The quick take home:  You’re only self sovereign if you run your full node on a miniaturized backyard molten liquid fluoride salt thorium nuclear reactor.  Sounds crazy?  Read on.

When you read the White paper of Satoshi and the original ETH papers the one bad thing about both coins is the energy required to mine coins.  This process will become harder and harder as we approach 2140.  As we get closer to 2140 the process will require more energy.  In this way, you should look at BTC mining like trying to climb up Mount Everest.  When you are young it is easy to get to base camp.  It is tougher to get to the Summit even when you are young.  When you are older just getting to base camp seem ridiculous.  When you are above 50 years old getting to the summit is nearly an impossible task because you do not have the mitochondrial power to get the job done with a falling oxygen tension.  Mining BTC from 2050-2140 will be like trying to climb Everest at 60 years old.  Analogy over.

ETH 2.0 is trying to solve this issue by changing from a Proof of Work (PoW) blockchain to a Proof of Stake blockchain (PoS).   Proof of stake (PoS) differs in that instead of miners, transaction validators stake crypto assets they own now for the right to verify a transaction.  They make money in fees to process those transactions. These validators are selected to propose a block based on how much crypto they hold, and how long they’ve held it for.  this means ETH 2.0 favors miners with a lot of skin in the game of ETHER.

Other validators can then attest that they have seen a block. When there are enough attestations, a block can be added to the blockchain. Validators then are rewarded with cryptocoins for the successful block proposition. This process is known as “forging” or “minting”.

The main advantage of PoS is that it is far more energy-efficient than PoW, as it decouples energy-intensive computer processing from the consensus algorithm. It also means that you don’t need a lot of electricity for computing power to secure the blockchain.

One of the reasons BTC blockchain is not being used for transactions as much as it could be is tied to the speed in which it works.   Speed is sacrificed for security.  The security of the BTC network is second to none.  This means financial institutions may favor one over the other initially.  Right now institutions are favoring BTC.  The “Ethereans” are betting large this will change when ETH 2.0 programming is shown to be successful on delivering its promises.

PoW = Proof of work

PoS = Proof of  Stake

In ETH 2.0 this is exacerbated by the fact that only one miner will find the correct hash, so the work done by all the others is not actually used. As a result, PoW consensus requires a huge amount of computational power and electricity and is very inefficient.  PoW early on in a block chain life is like being elderly and trying to climb a small hill.  Tough but doable.  The programmers building ETH 2.0 realized this limitation with PoW blockchains and said it should be easier for miners now if we want a faster adoption to build out the Monopoly board on top ETH 2.0.  For this sole reason, PoW was changed for PoS.  PoW protocols are important because they enabled the creation of early blockchain networks, but they are very inefficient from an energy standpoint too.  In the current political environment this will also slow adoption unless it is improved.

CRYPTO ENERGY COSTS

In 2019 each transaction on the Ethereum network uses about 29 kwh (Kilowatt hours), enough electricity to power an average American household for 24 hours! The electricity used by Ethereum mines could power 652,669 American households every year. Ethereum mining annually uses about the same amount of energy as the country of Bolivia.

Is there a way to mitigate this energy risk today they we are ignoring?

Yes.  BTC miners are dominated by China because the western provinces of China have given miners cheap sources of electricity due to overbuilt hydroelectric power plants.

What should new countries who mine due to capture mining capability from these people?

They should switch to a clean nuclear power but not today’s version of nuclear power that came from WW2.  They need to use thorium as their fuel source.

Why do I suggest this?

The market will determine this………..thorium is the cheapest way to create electricity on Earth.  In fact, it is the way nature makes geothermal power of vents, Earth quakes, and volcano’s.

Thorium is the element in the Earth’s crust that drive geothermal vents everywhere on Earth.  It is unending source of power that drive plate tectonics.  Without massive amounts of thorium in our crust, our planet likely would wind up like Mars.  A dead red dessert with no volcanos and no plate movement.  Without thorium the interior of your planet cools too fast and without molten lava you have a lowered magnetic shield to protect you from the sun.  As the sun’s power blasts a planet its cathode rays strip a planet of its atmosphere.  See the Moon and Mars as exhibit one and two.

Thorium is very common element in the Earth crust at 10 parts per million.  We have an unending source of it everywhere in the world.  It is cheap to mine and its half life is 14 billion years.  This is same length of time we believe the universe has been around.  This makes it hardly radioactive at all.

There are at least 23 listed crypto mining companies, the majority of which are based in the U.S. and Canada.

U.S. equity markets continue to be the most favorable listing venue for mining companies. US miners have a big advantage over Chinese miners because they can raise through [at-the-market] offerings, which provide a very solid financing method for public companies looking to scale up their operations. Foreign companies have more limited financing levers and have a relatively harder time raising capital through equity.

A prominent example is Nasdaq-listed Marathon Patent Group (MARA), which recently spent $50 million on a fleet of Bitmain’s state-of-the-art S19 Pro Bitcoin mining computers earlier this year. Marathon is building out a 105-megawatt (MW) mining facility in Hardin, Montana, as part of a venture with Maryland-based power provider Beowulf Energy.  Beowulf Energy is a private company linked to new ways to produce energy.

What don’t most people in the crypto-world know?     A lot of the power production in the U.S. has been deregulated, and private equity or hedge funds own a lot of power-generation facilities.  These hedge funds are now trying to set up colonial positions in BTC and ETH.  They want to make money on coin production as they add crypto assets to their clients portfolios.  Some of the best ways to generate alpha is to produce your own coins at the lowest cost.  That is how billions can be made.  So, the wise, follow the money to see where the market is headed.  There is a lot of signals that thorium will be used to make the USA miners the strongest positioned groups until 2140.

Guess why MARA picked Montana to build this brand new BTC mining region?

Do you know who Glenn Seaborg is?  If not, he is the reason MARA has chosen Montana to mine.

Glenn Seaborg was one of our great scientist who worked in the metallurgic labs during the Manhattan Project.  He won a Nobel Prize.  He figured out how to make plutonium quickly from uranium to build nucelar weapons.  He discovered plutonium in this quest.  He also stumbled into a solution for energy production for man using thorium based nuclear fuels.  The problem was the military focus was on building bombs instead of building a cheap source of energy for the planet.

The story of the thorium-fueled molten-salt reactor effort at Oak Ridge National Laboratory, strongly motivated by the discovery of a series of books (Seaborg and Loeb (1981), Seaborg and Loeb (1987), Seaborg and Loeb (1993)) written by Glenn Seaborg and Benjamin Loeb covering Seaborg’s years as the chairman of the US Atomic Energy Committee in the 1950s.

In the last of these books, The Atomic Energy Commission Under Nixon (Seaborg and Loeb (1993)), Seaborg describes budget cuts early in the Nixon Administration (1968-1971) that led the AEC to curtail research into breeder reactors.   This is the same time the dollar was moved off the gold standard to boost the economy using money printing.  How is that for irony!

Seaborg described in the books how Alvin Weinberg, head of the Oak Ridge National Laboratory (ORNL) and ardent proponent of the thorium- fueled molten-salt breeder reactor (MSBR), argued for the continuation of that line of research because of how cheap energy could be made safely.

The problem was that a new type of reactor needed to be built at a time where Nixon removed the US dollar from the gold standard because of a slowing economy.  This sunk the manufacturing effort.   Seaborg goes on to describe how the MSBR program was cancelled in favor of the plutonium-fueled, liquid-metal fast-breeder reactor (LMFBR) but concedes later that that may have been a mistake. (Seaborg and Loeb, 1993, pg.179).

Seaborg saying this in a book is a mouthful because he won the Nobel Prize for discovering plutonium and the high pressure nuclear reactors that are used today in the US for electricity production.

The cheapest source of electricity on Earth is to mimic what thorium does in the Earth’s crust.  Doing so allows us to manufacture an unending source of energy from the thorium atom, at a fraction of today’s cost.  This is what drives geothermal cycles on Earth.  See Iceland and Hawaii as example 1 and 2 for that awesome power display.  The tectonic plates have moved on Earth for 4.6 billion years while Mars and the Moon have long ago stopped.

Why is this a big deal?   I got into a heated debate with one of my Farm members in the energy business in 2020 and he told me he bailed on trying to mine BTC because of the energy costs.  He also told me that he was not interested in BTC deeply because China dominated the mining scene.  I told him I thought he was being myopic.  This blog is being written as my response to that idea.

China might dominate crypto mining presently,  but that won’t be true much longer.  China may have lorded it over the crypto mining space until now thanks to cheap labor and a massive over-build in dam and hydro generation infrastructure. But the U.S. has begun catching the attention of Chinese players looking to diversify.  In fact, Chinese miners have called on the CEO or Argo Blockchain to help them set up a transfer of mining stake to the USA.  Why is that?  

Miners are always looking for more political stability, which North America offers, and power and hosting costs in North America are competitive and sometimes even cheaper than Chinese options.  How could they be cheaper?  Private energy companies are now going to use new thorium technology developed by Glenn Seaborg during the Manhattan project to generate power that is 90% cheaper than China’s CCP can deliver.

WOW………..How?

NUCLEAR PHYSICS LESSON:

Seaborg recognized that for each absorption of a neutron in uranium-233, it would produce more than 2 neutrons. This was the key to its ability to operate as a breeder reactor. Each neutron produced could split another U-233 atom to unleash energy in a nuclear fission reaction.  It turns out any nuclear reaction can be sustained as long as the process liberates at least two neutrons.  The best chance to make an unending source of energy is a reaction capable of generating anything above 2 neutrons.  Seaborg knew that the key was which elements on the period table produced the most neutrons when they themselves were hit with a neutron (fission) in a reactor.  But how much more than two was the question?  the higher the number of neutrons released = the more energy can be harvested from the fission of an atom.

When Thorium was tested it was found to be ideal to be a neutron breeder for the nuclear reaction because its fission elaborated 2.35 neutrons per split.  With its 14 billion year half life, it became the best candidate to make electricity cheaply.  The problem was the military was not interested in electric power, they were interested in explosive power.  To make massive amounts of electricity from thorium, thorium needs a special reactor to do it.  Earth seems to do it naturally by some mechanism in the core of the planet.  This reaction drives plate tectonics for 4.6 billion years.

This means that thorium can be an unending source of energy to generate electricity and it will be quite cheap to do so with minimal radioactive waste.  This idea was born during the Manhattan project but it was abandoned for the fission use of plutonium instead.  Genreral Groves made this decision because the military at the time was only interested in making a bomb, and not a super power source.

The largest thorium vein deposits in the world are in the USA.  The largest volume known high-grade thorium resources are in the United States.  China does not have much thorium in their landmass. As a result, they must purchase it.

Two thorium vein districts-the Lemhi Pass district of Montana-Idaho and the Wet Mountains area of Colorado dominate the known high-grade thorium reserves in the United States.  

Now you can see why USA cryptominers are going to Montana to set up shop.  

The obvious geopolitical implication of this move is that the U.S. could eventually take on China in this nascent arena. The cryptomining community would rather couch this in terms of greater decentralization, whether that means geographical spread or selling mining company shares to the public.  I see things differently.

Before the US sets the Bitcoin standard for its Treasury it must guarantee the network of miners can not fail to ensure the 51% rule is never violated.  Therefore, the goal is not for the U.S. to dominate bitcoin mining.  If you understand the Satoshi white paper that is not the point, and it’s not gonna happen. The goal here is to decentralize the blockchain throughout the world to make sure no one country to get to the 51% limit.

That is why American miners have begun to think way outside the box.  None of them have admitted why they are going to Montana…….but I figured it out because of my deep understanding of American history.

Interest in thorium was reborn in the military in the 1950s when the Air Force wanted to build a nuclear powered airplane.  As crazy as this sounds today, the molten salt reactor using thorium would have never been built if the military did not ask Seaborg and his crew at Oakridge labs to see if this was feasible.  This project done fifty years ago, created the era of operating molten-salt reactors came to a fast conclusion with the shut down of the Molten-Salt Reactor Experiment in the 1950s.  This was the only time thorium nuclear reactor was ever built by the US military.

Today, China is trying to build fifty of them using stolen US IP from the Manhattan Project.  China has a big problem, however.  Their crust is relatively thorium poor, not because China does not have it.   It is because it is present in hard to reach parts of China or heavily populated regions.   Thorium  deposits have  been recognized  in all  the first  level tectonic units in China but are mostly concentrated in the northern margin of the North China Craton, the Central Asian Orogenic Belt, South China and the Mian’ning-Dechang metallogenic belt.

HOW IS ENERGY UNLEASHED CHEAPLY FROM THORIUM?   NEUTRONS ARE THE KEY

When we use a neutron to hit a nucleon of thorium it releases 2.35 neutrons in core.  We learned this right around FDRs death in April of 1945.  At this time, only the United States would possess the knowledge that uranium-233 could, for all practical purposes, ”catalyze” energy release from a supply of thorium indefinitely.

Read that again folks……….

Thorium can create energy longer and more efficiently than any other source of energy on Earth.  Seaborg is the guy who figured this out during the Manhattan Project.  

This implies it might be the ideal answer to fossil fuels and the climate change debate as well.  

The person who discovered plutonium (Seaborg) realized this in 1942 when his graduate student did the experiments and the mathematics to prove it.  He famously told that grad student that this energy discovery would be worth 40 quadrillion dollars in 1942.  He wasn’t joking.  Nuclear fission is 1 million times as energy dense as a chemical reaction in releasing energy.

******Because of this history lesson,  I will make a large prediction.  The adoption of crypto assets will change the climate debate and how we view nuclear power plants.  I believe BTC and ETH mining energy use will make us (THE USA) realize we need to use thorium breeder fuel with molten liquid Fluoride salts for reactors and the entire power grid of the world will change before 2140.  

I think this will be a great unintended consequence of crypto adoption.  This will change the world because it will increase the thermodynamic efficiency of power generation and this will effectively end the use of fossil fuels.  It will also allow miners from 2075-2140 efficiently get those last coins out that are likely going to be worth trillions of dollars.  

The C-H bond in fossil fuels has a million times less energy in it than the Thorium nucleus does for fission.

This is why the Earth’s core remains energy vibrant given its planetary mass, while Mars furnace has turned dormant.  It’s crust is thorium poor, so it cooled faster than the Earth and this is why it has no magnetic field production.  Thorium powers the molten core of the Earth too to create our magnetic field!   

On Mars, the region of highest thorium content, shown in red, is found in the northern part of Acidalia Planitia (50 degrees latitude, -30 degrees longitude). Areas of low thorium content, shown in blue, are spread widely across the planet with significant low abundances located to the north of Olympus Mons.  Olympic Mons is a massive super volcano, the largest in the solar system that burned out billions of years ago.  The fact that it is present where thorium is now low is no surprise considering Mars is a dead red desert.

MANHATTAN PROJECT LINKS

Seaborg was a Nobel Laureate and one of the founding fathers of the atomic age. He was co-discoverer of plutonium and later served as chairman of the Atomic Energy Commission.  He worked with a scientist named Wigner who was the one person in history, who first realized the power of thorium to generate energy.

Seaborg’s interest in fluorination as a separation technique came from the fact that thorium, when exposed to neutrons in a reactor, would absorb some of those neutrons and form small amounts of uranium-233. If the thorium and uranium were chemically converted to tetrafluorides, which is a rather simple chemical step, and if that mixture was further fluorinated to convert the uranium to a hexafluoride, then it would be rather easy to separate uranium from thorium.

In 1946, the public first became informed of uranium-233 bred from thorium as “a third available source of nuclear energy and atom bombs” (in addition to uranium-235 and plutonium-239), following a United Nations report and a speech by Glenn T. Seaborg.  Few people have asked why the thorium cycle was abandoned. 

U-235 is the world’s primary nuclear fuel and is usually used in high pressure light water reactors.  Seaborg was the scientist who developed these nucelar reactors and holds all the patents on them.  The high pressure use is what usually leads to nuclear accidents.

This path was chosen by the military because it could be used to make plutonium fastest to create a nuclear arsenal while also generating energy.  Today, that decision seems foolish when you understand that thorium reactions produce an unending source of heat to create electric power with a much lower toxicity profile.

Thorium LFTR’s avoid this risk because they are all run on lower pressure.  U-238/Pu-239 has found the most use in liquid sodium fast breeder reactors and CANDU Reactors.

Th-232/U-233 is best suited to molten salt reactors (MSR).  These reactors have produced electricity and nuclear bomb material but have the highest risk level of core meltdown because they all use higher pressure systems to operate.  Thorium can operate in lower pressure systems to liberate massive unending sources of energy from the thorium nucleus.

Th-232, U-235 and U-238 are primordial nuclides, having existed in their current form for over 4.5 billion years, predating the formation of the Earth.  They came from exploded stars.

Their radioactive decay produces about half of the Earth’s internal heat.  That heat, in the form of geothermal activity comes from the action of thorium on uranium in natural breeder reactions in the mantle and core.

Thorium can be used as a fuel source in liquid salts of fluoride.  It appears this is how the dynamo of the Earth appears to work in Nature.   The liquid fluoride thorium reactor (LFTR; often pronounced lifter) is a type of molten salt reactor. LFTRs use the thorium fuel cycle with a fluoride-based, molten, liquid salt for fuel.  My bet is that inside the Earth their is more options to use than fluoride.

Reactors that use the uranium-plutonium fuel cycle require high pressure  fast reactors to sustain breeding, because only with fast moving neutrons does the fission process provide more than 2 neutrons per fission. With thorium, it is possible to breed using a thermal reactor. These reactors produce more thermal energy and that is why they can produce electric power very cheaply when thorium is in deep supply.

This was proven to work in the Shippingport Atomic Power Station, whose final fuel load bred slightly more fissile from thorium than it consumed, despite being a fairly standard light water reactor. Thermal reactors require less of the expensive fissile fuel to start, but are more sensitive to fission products left in the core.  This is the massive pay off that American BTC miners are looking to exploit in Montana.

Despite Seaborg’s interest in thorium and uranium-233, Seaborg’s overwhelming priority was the chemical separation of plutonium from uranium and fission products in the production reactors that would be built in Hanford for the Manhattan Project. This was done because the military was interested in weapons grade material only at the time.  They did not care about thermal power of electric power generation.

WEAPONS GRADE PLUTONIUM WAS THE GOAL NOT ELECTRICITY

Fluorination was not a very effective technique for separating uranium from plutonium, because plutonium had a variety of valence states and could also form a gaseous hexafluoride. If plutonium hexafluoride formed in preference to uranium hexafluoride then there might have been interest, but just the opposite took place. During fluorination all of the uranium would react with the fluorine (forming gaseous UF6) before the plutonium would, meaning that an entire volume of uranium parent material would need to be fluorinated to UF6 before the plutonium would begin to fluorinate to PuF6. This was undesirable, since they estimated that the Hanford reactors would have a million grams of uranium in their exposed fuel for every thirty grams of plutonium.

The fact that uranium would fluorinate to an easily-separable gas and thorium wouldn’t,  made fluorination an attractive chemical separation technique for a thorium- uranium-233 reactor, but not attractive for a uranium-plutonium reactor.

Since the priority of the Metallurgical Laboratory was chemical separation of plutonium, fluorination assumed a role of lesser importance over time.  thorium was a better fuel to generate electric power and Seaborg transmitted this idea to Weinberg as his student in the 1940s.

Weinberg later became head of Oak Ridge Nation Labs where the concept was tested in an experiment.The LFTR concept was first investigated at the Oak Ridge National Laboratory Molten-Salt Reactor Experiment in the 1960s, though the MSRE at this time did not use thorium as a fuel source. The LFTR has recently been the subject of a renewed interest worldwide.

At Oak Ridge National Laboratory in the 1960s, the Molten-Salt Reactor Experiment used U-233 as the fissile fuel in an experiment to demonstrate a part of the Molten Salt Breeder Reactor that was designed to operate on the thorium fuel cycle.  Molten salt reactor (MSR) experiments assessed thorium’s feasibility, using thorium(IV) fluoride dissolved in a molten salt fluid that eliminated the need to fabricate fuel elements. The MSR program was defunded in 1976 after its patron Alvin Weinberg was fired by the Carter Administration in its first year.  Weinberg was a student of Seaborg and Wigner after the Manhattan Project. He learned everything these two found while building the bomb.

In the last few years, the long-term strategy of the nuclear power program of India, which has substantial thorium reserves, is to move to a nuclear program breeding uranium-233 from thorium feedstock.  This would be another ideal place to mine BTC/ETH for cheap power.

In 1993, Carlo Rubbia proposed the concept of an energy amplifier or “accelerator driven system” (ADS), which he saw as a novel and safe way to produce nuclear energy that exploited existing accelerator technologies. Rubbia’s proposal offered the potential to incinerate high-activity nuclear waste and produce energy from natural thorium and depleted uranium.  Recall, that this was under Clinton and his wife was recently involved in selling a lot of uranium stores of the USA to Russia in the Obama administration under the guise of secrecy as Secretary of State.

Kirk Sorensen, former NASA scientist and Chief Technologist at Flibe Energy who went to the same engineering school as my son, has been a long-time promoter of thorium fuel cycle and particularly liquid fluoride thorium reactors (LFTRs). He first researched thorium reactors while working at NASA, while evaluating power plant designs suitable for lunar colonies.   This is big deal for space travel.  The reason the space program needs to make a pit stop at the moon is to fuel themselves with thorium at the moon to get to other planets in the solar system.  This is something NASA, SpaceX, and the CCP do not want people to know.

Thorium is concentrated mostly in one area of the lunar nearside, in the around the great big Imbrium basin.  All space programs want to set a lunar base there.  Now you know why.

In 2006 Sorensen started “energyfromthorium.com” to promote and make information available about this technology.  It is believed that China has gotten most of the IP on thorium cycles directly from his website to design their own molten core reactors to be made for the Moon and for electric power production.

Nuclear fission produces radioactive fission products which can have half-lives from days to greater than 200,000 years. According to toxicity studies, the thorium cycle can fully recycle actinide wastes and only emit fission product wastes, and after a few hundred years, therefore, the waste from a thorium reactor is less toxic than the uranium ore that would have been used to produce low enriched uranium fuel for a light water reactor of the same power. Other studies assume some actinide losses and find that actinide wastes dominate thorium cycle waste radioactivity at some future periods.

Thorium-cycle fuels produce hard gamma emissions, which damage electronics, limiting their use in bombs.  This is the reason the military did not use thorium in the Manhattan Project.

The primary physical advantage of thorium fuel is that it uniquely makes possible a breeder reactor that runs with slow neutrons, otherwise known as a thermal breeder reactor.

Thorium is estimated to be about ten times more abundant than uranium in Earth’s crust.  Using molten liquid breeder reactors, known thorium resources can both generate world-scale energy for thousands of years at very low cost in a safe manner.

Chemically thorium is easier to handle to make electricity.  Thorium-based fuels also display favorable physical and chemical properties that improve reactor and repository performance. Compared to the predominant reactor fuel, uranium dioxide (UO2), thorium dioxide (ThO2) has a higher melting point, higher thermal conductivity, and lower coefficient of thermal expansion. Thorium dioxide also exhibits greater chemical stability and, unlike uranium dioxide, does not further oxidize.

A 2011 MIT study concluded that although there is little in the way of barriers to a thorium fuel cycle, with current or near term light-water reactor designs there is also little incentive for any significant market penetration to occur.

That incentive likely will be BTC mining if coins are valued in the hundreds of millions or trillions of dollars in 2050-2140.

They were blind to the crypto angle when the paper was written.  As such they concluded there is little chance of thorium cycles replacing conventional uranium cycles in the current nuclear power market, despite the potential benefits right now in 2020.  I have an idea this might change because of Bitcoin.

SUMMARY

Molten salt nuclear reactors using liquid thorium fluoride salts is the future for BTC miners.  Any country that wants to get into mining needs to look into this technology.  It will create the cheapest source of electricity on the planet.  You can burn thorium forever with fluoride and liberate energy from a massive nucleus the way the Earth does with little risk.  This maximizes E=mc^2 for BTC.  

North America is now on a precipice of real growth thanks to its regulatory certainty and the huge amount of infrastructure built in the 1970s and 1980s in anticipation of growing manufacturing that never came. Now that people are starting to realize crypto mining is not some shady enterprise, the U.S. is better positioned at the boardroom level than any other country in the world to take advantage of the trend.

The operational costs are a little bit more expensive in the U.S., but when you’re sinking $100 million or even a billion dollars into an ecosystem for infrastructure you’re looking at stability.  China does not offer stability that the US can.

Some government support would also be helpful here and I think the Treasury moving to a BTC Standard will facilitate this change.   To this end, Core Scientific has put together a policy paper and has been working with the Chamber of Digital Commerce to get the word to the U.S. government why this makes geopolitical sense and a lot of monetary sense.

We want the folks in Washington, D.C. to understand that digital asset mining is not bad and that there’s a right way to do it.   Many into crypto mining are ‘greenies’ at heart. I think the right way is through renewable power sources done at a global scale. The larger that becomes, the lower the burden on the environment and it can be done to re-power the US economy and Treasury.

CITES:

https://www.researchgate.net/publication/289241935_Thorium_deposits_of_the_United_States-energy_resources_for_the_future

MAKING YOUR BONE BROTH STRONGER AT HOME

Osteoporosis is a disease where bones lose their strength, very similar to how bone broth breaks down bones and makes edible.

What is the home remedy to help this?

Home Remedy notes for you.

In this note I will update home remedies that are tried and true for treatment of diseases I see in clinic.  I will continue to add them as requests come in.  Check back in every so often.  First one I get so many questions on is osetoporosis and osteopenia for patients.  Here is the best up to date info of how to solve your situation without the Rx drugs that many of my collegues like to use.  They are OK but for me I dont like their side effect profiles.  And if you want to know more about the disease see my other note in 2010 on osteoporosis.  It is more in depth about the disease and the drugs used to treat it.  This note is about how to do it naturally without a prescription.

SUNLIGHT IS FREE.  Get your skin in the game.  Use sensible solar exposure as I laid out in the solar callus blog here on Patreon.

Vitamin D3–using a dose sufficient to raise our 25-hydroxy vitamin D blood level to 60-70 ng/nl.  I’d much rather people use sunlight but for those who chose to short cut nature I advocate buying the D3 from a store at 5000 IU doses.  Make sure the oil base used in pill is not an omega six.  This is harmful for the skin.  I base initial dosing on current lab values so it does require a blood draw.  If you want your PCP to draw it and send the numbers to me to give you a consult let me know.  I do not like the 50,000 IU a week dosing that the Rx vit D3 has.

Vitamin K2–Borrowing from the Japanese experience, in which vitamin K2 is used as a prescription “drug” for treatment of osteoporosis (Glakay, Eisai Pharmaceuticals), we started 1000 mcg of a mixture of K2 forms, MK-7 and MK-4.  YOu can also buy vitamin K2 5 mgs from drugstore.com or from lef.org.  Fermented cheeses from Europe and Natto are the best source of this vitamin naturally and neither are staples in the Standard American diet.

Magnesium–Based on evidence that magnesium strengthens the bonds in bone tissue, we started magnesium glycinate, 400 mg per day (200 mg twice a day), a form that is well-absorbed and causes little or no loose stools. I prefer eating three raw oysters per day to get your Magnesium.  For bad osteoporosis I advocate adding a 400 mg dose about 90 minutes prior to sleep too.  Our diet in this country is very very low in Magnesium so if your overweight too add the evening dose.  And if you’re going paleo/keto/carnivore dieting as well add the magnesium to slow the development of hard stools. Magnesium citrate liquid can also be used.  You’ll thank me.   So will your rectum.

Progesterone–We  have added natural topical progesterone cream formulated for by a compounding pharmacy, 60 mg twice a day.  Yes progesterone helps bone formation and it helps women sleep alot better.  You can go up to 100 mg orally too under the direction of a physician.

Strontium ranelate given orally at a dose of 2 g daily appears to reduce the risk of vertebral fractures rapidly, effectively, and safely among postmenopausal women with osteoporosis.  This mineral increases our C -teleopeptide cross links to make the newly laid bone down not suseptible to remodeling and how it works remains unknown but what we do know is those who use it have faster bone formation and more bone formation and the bone laind down sticks around a long time.

Exercise should be done, but one needs to be careful with it.   As a bare minimum………Weight training ten minutes three times a week.  Pure weights is best.  Not a machine.  It builds bone better than any exercise and it should be done outside using tan through clothing.  The amount you start out has to be in tune with your body status at start.

That is my home version for the initial treatment for osteopenia for men and women.  We also advocate getting your hormone and vitamin D levels assessed during this treatment for metabolic bone disease.  If you need more help consider becoming a member and I would be happy to help you out ——–>>>>kruseatdestin.com

BTC# 10 : ETHER ECOSYSTEM = PANAMA CANAL

The Ethereum network is one of the largest and most widely used blockchain networks in the world. in 2021, it is beginning to meet its promise of supporting all the DeFi projects that Web 3.0 promises.   It is also one of the world’s largest open source projects with go-ethereum being one of the largest projects on Github. Since its first release in 2015, Ethereum has been making strides towards its ultimate goal of becoming a decentralized global computer that could one day replace many of the centralized applications that we use in everyday life.

Don’t sell your crypto if you don’t have to.

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5.25% Ethereum

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9.3% dollars $USDT

So where do we stand right now in the crypto ecosystem?

ETH 1.0 lasted from 2015 to December 1, 2020 and included 3 stages.  ETH 2.0 was released 5 weeks ago and is the fourth stage of the blockchains evolution.  Ethereum 2.0 is also called Serenity in some circles. It will be the largest and most comprehensive update ever implemented by the Ethereum community.  That community makes up over 3500 of the best computer programmers in the world.

ETHER’s Blockchain has had 4 stages of development.

The first stage of Ethereum was called Frontier. Released in 2015, this was the first live version of the network.   Frontier allowed users and developers to mine Ether, build Dapps (DeFi apps) and tools, and experiment with the new platform.  Most of the development here went to gaming.  Many ideas where beta tested in this phase.

The second stage of Ethereum’s development was Homestead.  This update was the full production stage of ETH 2.0.   What did it do?  It provided many improvements to protocols that will become the foundations of future upgrades and increased transaction speed.  The BTC blockchain is a slower chain due to its design and purpose.  It takes a minimum of 10 minutes to make confirmations in its blockchain.  With Homestead ETHER goal was to get to 15 seconds per confirmation increasing transaction fees tremendously.

The third stage of Ethereum’s development was called Metropolis and this ended on December 1,2020. Metropolis was divided into two releases, Byzantium and Constantinople. Byzantium was released in October of 2017 and was lighter, faster and more secure than the previous versions. Some specific upgrades include more predictable gas prices (cost of transactions on ETH2.0) and easier programming for developers to build out the DeFI space on the ETH 2.0 Monopoly board.  Byzantium also improves privacy.  Many of the Bitcoin maximalists hammered ETHER because it did not have as tight as privacy as BTC so many people thought it would fail because of this.  So far this has not been the case as of January 2021.  In fact, in December 2020 ETH 2.0 made over 6 billion dollars per day of transactions safely.

The single most important issue currently facing the Ethereum network is scalability. The Ethereum network supports hundreds of decentralized applications and needs to process a high number of transactions per second. Adding more nodes does not increase the scalability of the network because each node needs to verify each transaction. Increased use of the Ethereum network, including the creation of more Dapps and the execution of more transactions, has led to an on-going increase in the time and cost of transactions.  Here in lies ETH 2.0 greatest risk.

The cost of gas on ETH 2.0 since December 1, 2020 has been a hot top in the ETH community.  I posted about that in the last blog.  I think we need to be cognizant of this.  By no means do I think this invalidates ETHER as a part of your portfolio.  I think you need to be aware of the risks that ETHER has.

The Ethereum blockchain processes about three to four times as many transactions as Bitcoin. It’s still not enough, however, to meet rising user demand for the cryptocurrency and prevent network congestion.  We can see transaction speed off each chain right now using this :  HYPERLINK

Why is this a big deal?  ETH 2.0 is aiming to replace Paypal and Visa in the DeFi space.  Can they do it right now?  No.  Why?    Ethereum network runs slower and less convenient to use right now. In a speed test run in 2021, the network only managed 15 transactions per second (various sources have stated anywhere between 12 and 45 transactions per second over the last year). In comparison, centralized networks such as PayPal and Visa regularly perform 193 and 1667 transactions respectively, and Visa’s maximum capacity is close to 24,000.  For the network to achieve mass adoption, efforts to massively increase scalability are central to the development of Ethereum 2.0.

How are the programmers going to fix this?  After investigating several other options, the Ethereum team settled on a process called sharding as the best solution for network scalability. Off-chain solutions like plasma chains and state channels will also likely be used to take load off of the main network and further increase scalability.  No one knows if this will work as of January 2021.

What are some other risks?

Another major issue that will be addressed by ETH 2.0 is efficiency and environmental sustainability. Like Bitcoin and many other blockchain networks, Ethereum currently relies on a proof of work (PoW) consensus protocol to ensure the security of its network. PoW systems involve a number of miners who own computer hardware connected to a blockchain network. Miners are rewarded for putting their hardware to use by the network.

A major benefit of PoW systems is that verifying whether or not a new block belongs to the chain is a very fast and relatively simple process. However, in order to ensure the security of the network and prevent fraud, it is computationally expensive for miners to find the correct hash input.   What are the legal risks of screwing this up?

Read this paper from crypto lawyers.  It appears this is a big issue for the blockchain, the developers and the exchanges who use BTC or ETH 2.0 for transactions.    This aspect o f property flow through blockchains is something to monitor.  https://craigwright.net/blog/law-regulation/the-property-flaw-of-lightning/

One of the reasons BTC blockchain is not being used for transactions as much is the speed in which it works but the security of this network is second to none.  This means financial institutions may favor one over the other initially.

In ETH 2.0 this is exacerbated by the fact that only one miner will find the correct hash, so the work done by all the others is not actually used. As a result, PoW consensus requires a huge amount of computational power and electricity and is very inefficient.  PoW protocols are important because they enabled the creation of early blockchain networks, but they are very inefficient from an energy standpoint too.  In the current political environment this will also slow adoption unless it is improved.

In 2019 each transaction on the Ethereum network uses about 29 kwh (Kilowatt hours), enough electricity to power an average American household for 24 hours! The electricity used by Ethereum mines could power 652,669 American households every year. Ethereum mining annually uses about the same amount of energy as the country of Bolivia. This is obviously a major issue that is actively being managed with ETH2.0.

This, right now is the biggest risk to ETH 2.0 in my opinion in January 2021.  To solve this problem ETHER community is moving from a PoW to PoS design transition.  ETH 2.0 is in design to transition the network from a proof of work protocol to a proof of stake (PoS) protocol called Casper, which seeks to solve this issue of efficiency and sustainability. This transition will become increasingly important because of the difficulty bomb mining adjustment that was introduced in 2017 through the Byzantium update. The bomb will make mining Ether more and more difficult until it will eventually become infeasible.  This also needs a solution if ETH 2.0 is going to run the world of DeFi going forward.

So what are the advantages and disadvantages of a Proof of Stake blockchain for ETH2.0?

n addition to being inefficient, PoW blockchains are susceptible to market monopolization because they bestow unfair advantages on actors with more resources. This is a problem considering Web 2.0 companies like Amazon, Google, and Apple have tons of money and resources and want to control the internet.  DeFi is aiming to limit corporate power and transfer that power back to the public.  This is why ETH 2.0 is a powerful hedge to Monopoly power and why whomever builds the killer DeFi apps on its back will likely have valuations that exceed tthe Web 2.0 companies.  DeFi companies will actively put those companies out of business by decentralizing how they can do business.

Wealthy and powerful individuals and organizations can afford many faster and more powerful computers which gives them a much higher chance of successfully mining each available token. About 65% of bitcoin mining is done by 5 huge mining groups who could theoretically join together to control more than 50% of the market. This has created a situation where bitcoin and other blockchain networks are not nearly as decentralized as they were originally intended which endangers their independence and utility.  Recently this has changed with more miners and more countries now coming on line in 2021.

Proof of Stake first emerged in 2012 as an attempt to solve these issues of efficiency, cost and centralization.  In fact, the Ethereum team planned on transitioning to PoS from the very inception of the project, but has only more recently (2020) laid out a plan to do so with Casper.

In a PoS system, the entire mining process is made virtual, removing the need for much expensive and inefficient hardware. The expenditure of energy is replaced by economic incentives and game theory as a means to secure and validate. In PoS, “miners” are replaced by “validators” who all posses tokens that are native to the network.  These tokens will be considered gas to run on the ETHER network.

For each proposed block, validators stake a portion of their coins on a block which they think will be a valid addition to the chain. If that block gets appended, it will be added to the chain and any validator who bet on it will be granted an award proportional to their bet. Since there is no block award in a PoS system, validators are rewarded with transaction fees.  Right now in January of 2021, transaction fees for certain transactions are quite expensive.  This should not shock anyone, because the ETH 2.0 network just turned on, so without a ton of users prices will be initially high until more transactions are made and prices should fall.   This can be several thousand times more cost effective and energy efficient than a PoW system.  This makes it scaleable so it can compete and eventually replace Paypal or Visa.  I think it more likely that ETH 2.0 will be absorbed by these companies to run all their transactions on it.  This will give ETH 2.0 the volume it needs to succeed.

What are the some other risks we need to consider?

The final major issue that will be addressed by ETH 2.0 is speed and usability. This is related to but not the same as, the issue of scalability that will be addressed by sharding.

What is sharding?  Sharding is a technique in blockchain that seeks to achieve scalability within a blockchain network. The process of sharding seeks to split a blockchain network into separate shards, that contain their own data, separate from other shards.

The introduction of sharding should remove the most significant bottleneck for transaction speed and throughput, but another bottleneck is caused by the Ethereum Virtual Machine (EVM) itself. The EVM is essentially the underlying structure of Ethereum that executes code and allows the network to function correctly. The EVM is responsible for the internal state of the Ethereum network and for all of its computations. The EVM also ensures that the following are accurate: account information such as balances, current gas price, addresses and block information. Furthermore, the machine must keep track of the following components: Block Information, Storage State, Account State and Runtime Environment Information.  The Virtual Machine also deals with all Ethereum smart contracts which are written in Solidity/Vyper and compiled into unique EVM bytecode. The contracts are then executed by each node on the network.

Because it is responsible for so many important aspects of the Ethereum network, the speed with which the Virtual Machine is able to perform tasks has a major affect on the overall speed and usability of the network itself.  The solution to this bottleneck advanced by ETH 2.0 is called Ewasm.  The risk there is that Google developers are involved in this network upgrade.  Others are also involved to help mitigate the this risk.  Engineers from Mozilla, Microsoft and Apple have been added to make sure no corporate bugs are entered at this change to centralize the blockchain.  I just do not trust any of these companies right now.

But if they get this right I view ETH 2.0 like the Panama canal.  It is a huge engineering project that will change the world conducts its business globally.  This canal reshaped the economic landscape of many states in the USA and with Countries in the Far East.

More than a century ago, the opening of the Panama Canal revolutionized international trade by making it much quicker and easier to travel between the Atlantic and Pacific Oceans. Having easy access to a large number of trading partners is an important determinant of where economic activity is located.  It also shaped population growth in the USA.

The Panama Canal was recently widened and reopened for business in 2016 as you can see above. This event coincided with the 100th anniversary of the canal. The expansion, named the “Third Set of Locks Project,” enabled the canal to double its capacity by adding a new traffic lane. This will allow ships that are wider and deeper to travel through the lanes and locks.

I view ETH 2.0 to this event in the Panama canal because the goals are quite similar.

Serenity/ETH2.0 is also under construction to satisfy several more general design goals. Because of the many new and complex systems that will arise from the introduction of Casper and Sharding, one of the main design goals of Eth 2.0 is to reduce network complexity as much as possible, even if this leads to some loss of efficiency. This is possible because the massive increase in throughput and efficiency allowed for by sharding, Casper and Ewasm will outbalance a small reduction in efficiency in order to mitigate the additional complexity necessitated by these same systems. Another major design goal is to use cryptography and design techniques that allow for the participation of a large set of validators, both in total and per transaction. A third goal in the same vein, is to create a system that allows a standard consumer laptop to process and validate an individual shard. Both of these goals are meant to ensure that the network remains secure and decentralized so no single government or CEO can co-opt it.

WILL ETH 2.0 BE PROTECTED FROM A CME OR ELECTROMAGNETIC WAR?

Serenity/ETH 2.0 has two long-term design goals created in anticipation of potential issues that may arise in the future. The first is to design the release in such a way that the network will be able to remain live in the event of a major partition or if a very large percentage of nodes goes offline simultaneously. In his talk at Devcon 2018, Ethereum developer Justin Drake explained how the team wants ETH 2.0 to be able to “survive WW3” or a similar situation in which up to 80 percent of nodes go offline at once.

The developers are thinking about CCP and the USA relationships.

For example, one or more major climate change related disasters could knock out a large portion of nodes within hours, or a major power such as China or the United States could decide to ban Ethereum and other blockchain networks, and try to eliminate the nodes in their country.

ETH 2.0 is being built with geopolitical forethought.

The other contingency that ETH 2.0 anticipates is the advent of quantum computing.  There is currently an ongoing tech race between the United States, China, and other major powers and corporations to be the first to invent a production quantum computer. At this point the question is not if, but when. Whenever they do come along, quantum computers will be exponentially more powerful than even the most advanced traditional computers. This will render most existing cyber security, including encryption and blockchain tech, relatively defenseless and easily hack-able. It is therefore important for new and future blockchain networks to do everything possible (within the limits of traditional binary computing) to protect against the eventuality of quantum computers. The final design goal for ETH 2.0, as laid out in the Ethereum github repo is: “to select all components such that they are either quantum secure or can be easily swapped out for quantum secure counterparts when available.  

On December 1, 2020 ETH 2.0 went live.  It will be released in parts as well.  Phase 0 will feature a beacon chain PoS system. It will not yet support DeFi Dapps but will lay the foundation for the following phases. Phase 1 will supports Dapps and introduce shards as data chains.  Here is where operability risks begin.

Phase 2 will be fully sharded, will enable state execution and will allow for smart contracts. At this point, ETH 2.0 will have all of the major features discussed above. Phase 3 and beyond will consist of iteration, improvement and additional tech.  Once each phase is implemented, ETH 2.0 is expected to have the following features: fully sharded blockchain, pure PoS consensus protocol, faster time to synchronous confirmation of about 8–16 seconds and “economic finality” that can be achieved in 10–20 minutes.

Ethereans want ETH 2.0 to become “The world computer as it’s really meant to be.”  Investors in ETHER want it to work as designed……..ideas are great but without execution they are deleted to losses.

  If you want to begin in crypto start here with BlockFi. https://blockfi.com/?ref=34f06254

Want to earn a safe and easy passive income with your crypto purchases? Then try out Blockfi! You can earn: 6% on your Bitcoin balance and 5.25% Ethereum, 5% Litecoin and 9.3% dollars $USDT

CITES: 

  1. The Beginner’s Guide to Ethereum’s Roadmap. https://hackernoon.com/the-beginners-guide-to-ethereum-s-2020-roadmap-2ac5d2dd4881
  2. EtherScan. https://etherscan.io
  3. ETH 2.0 Explained. https://cryptocurrencyfacts.com/ethereum-2-0-explained
  4. Ethereum 2.0. https://medium.com/rocket-pool/ethereum-2-0-76d0c8a76605
  5. Ethereum Energy Consumption Index. https://digiconomist.net/ethereum-energy-consumption
  6. ETH 2.0 Explained. https://cryptocurrencyfacts.com/ethereum-2-0-explained
  7. Ethereum Virtual Machine Explained. https://www.mycryptopedia.com/ethereum-virtual-machine-explained
  8. ETH 2.0 Specs. https://github.com/ethereum/eth2.0-specs
  9. ETH 2.0 Randomness Talk. https://www.youtube.com/watch?v=zqL_cMlPjOI
  10. “Devcon Keynote Talk.” https://www.youtube.com/watch?v=Km9BaxRm1wA
  11. “Ethereum 2.0 Launch Really Not So Far Away.” https://cointelegraph.com/news/ethereum-20-launch-really-not-so-far-away-says-vitalik-buterin-in-devcon4-keynote

Works Cited

Asolo, Bisade. “Ethereum Virtual Machine Explained.” Mycryptopedia. November 1, 2018. https://www.mycryptopedia.com/ethereum-virtual-machine-explained/

Buterin, Vitalik. “Keynote Talk.” Filmed November 2018 at Devcon, Prague, Czech Republic. Video. https://www.youtube.com/watch?v=Km9BaxRm1wA

Cryptofacts. “Eth 2.0 Explained.” CryptoCurrency Facts. Accessed November 10, 2018. https://cryptocurrencyfacts.com/ethereum-2-0-explained/

“Eth 2.0 Specs.” Github. Accessed November 14, 2018. https://github.com/ethereum/eth2.0-specs

“Ethereum Energy Consumption Index.” Digiconomist. Accessed February 18, 2019. https://digiconomist.net/ethereum-energy-consumption

“EtherScan.” Homepage. Accessed Jan 5, 2019. https://etherscan.io/

Drake, Justin. “Eth 2.0 Randomness Talk.” Filmed November 2018 at Devcon, Prague, Czech Republic. Video. https://www.youtube.com/watch?v=zqL_cMlPjOI

Langley, Darren. “Ethereum 2.0.” Medium. August 7, 2018. https://medium.com/rocket-pool/ethereum-2-0-76d0c8a76605

Langley, Darren. “Ethereum 2.0 — Who’s Building It?” Medium. September 6, 2018. https://medium.com/rocket-pool/ethereum-2-0-whos-building-it-54a735442e

Karnjanaprakorn, Michael. “The Beginner’s Guide to Ethereum’s Roadmap.” Hackernoon. December 7, 2017. https://hackernoon.com/the-beginners-guide-to-ethereum-s-2020-roadmap-2ac5d2dd4881

Suberg, William. “Ethereum 2.0 Launch Really Not So Far Away.” Cointelegraph. November 1, 2018. https://cointelegraph.com/news/ethereum-20-launch-really-not-so-far-away-says-vitalik-buterin-in-devcon4-keynote

BTC #9: IS ETHER 2.0 QUEEN’S GAMBIT?

The crypto King is BTC.  The Queen is ETHER.  What is the queen’s gamble?

The one line pitch for Ethereum is that it has become the financial internet.  An internet where apps can send money back and forth to each other just like they can send information.  And this can be done faster than it can be done on the BTC blockchain.

Ripple’s founders (XRP) enriched themselves by granting themselves a massive pre-mine and pretending they weren’t launching a security. The SEC gave them a free pass for years.  Ethereum’s founders enriched themselves in very much the same way. The SEC gave them a free pass for years……for one reason.  They do not have a CEO.  This raises the question…….is ETH really decentralized?  

We must always question our assumptions.  ETH 2.0 is a question you should be posing to yourself and your friends before you jump in.

The hunch from smartmoney types is that BTC is a perfect collateral layer right now,  but ETH might be bigger in market cap terms in 10 years for the reasons above.   Although cite one below argues against this.  Money and collateral likely will just be the base layer. Everything builds on top of the “Monopoly” board down the road.  The store of value is collateral, the trust layer and exchange of value might be larger. This is a speculative bet right now.

Right now ETHER is getting the push in price because of February’s promise from the Chicago Mercantile Exchange.  The CME is the world’s largest financial derivatives exchange.  The CME has finally announced the launch of Ether (ETH) futures on February 8th, 2021. Just like its Bitcoin Futures, the CME Ether Futures will be cash-settled based on the CME CF Ether-Dollar Reference Rate.  This announcement is driving the price we’ve seen since mid December in ETHER. What does this mean for price in the short term?

Many expect that the launch of ETH derivative product next year will bring more institutional funds into the market, thus the price of ETH is very likely to see a rise.

What other questions should we be asking about ETH 2.0 now as a tribe?

Might the future is a super network of blockchains with the most pristine being bitcoin and the risk curve moves out from there?  Another question to consider:  Is any other outcome accruing to one winner anything but false hopes and dreams?

What will macroeconomic trauma waves do under Biden do to the business cycle now?   To push the business cycle from merely soft to full recessionary usually takes one event beyond just rate increases. Might the shattering of global supply chains will likely prove to be the trigger and the corporate credit market will be the ugly thing this downcycle is remembered for?

ETH 2.0 value:  I am implying that the sheer size of the macroecosystem is something people don’t generally understand and there is lots of value capture in the ETH 2.0 network.  The key is when will the investor capture it and will the return be the same as BTC in 2021?    There is an operational risk for ETH too.  Because of the recent XRP news there is regulatory risk too.

Ray Dalio always says look to reality of the present.  What do we know about the present?  Bitcoin is the rock on which the fertile ETH layer stands. Everything is part of the same ecosystem. Everything has its place, but not everything is valued the same.  You the investor have to see where ETHER fits into your portfolio given these ideas.  Here is a thought of wisdom you need to remember with respect to the Metcalfe’s effect and ETH 2.0.

Network effects tend to compound as time elapses, so the winning networks get better hardware, better apps, and more institutional interest, than smaller networks.  This is why Twitter trumps Parler now.   And that gives them more users, more security, etc.  So, success compounds into more success, unless a major tail risk occurs.  This is important when comparing BTC to ETH as long term investments.

In economics, the market dictates success or failure.   For years it has spoken, and BCH and BSV have devalued vs BTC in terms of price and hash rate. The market says it likes small blocks, lots of nodes, and Bitcoin as store of value and settlement.  

This might be a problem for ETH 2.0 given what we know TODAY.

There’s an old Zen koan that goes, “if you meet the Buddha, kill him.”   In other words, when something is self-verifiable or self-iterating, looking too heavily towards the originator can be a distraction along the path. Results speak for themselves.  BTC is king now.  It is not debatable.

People can and should debate about what the market “should” want, or what Satoshi’s intent was, but so far, that’s what hundreds of billions of dollars of capital said it wants as the pics above shows.  It is BTC and not ETH.   And the market gets what it wants, unless or until it wants something else.  The future winds might favor ETH when the Monopoly board axis is built out.  Right now, all investing experts are really just amateurs, guessing what will happen in the future. 

Globally, with zero yields everywhere, more people have a “store of value” problem than a “medium of exchange” problem.   We have no shortage of quick ways to pay (The STRIKE App), but we have plenty of difficulty finding things to store wealth in for a long time.

Because of this, the market likes BTC’s high hash rate settlement network.  The market data on this point is clear, even if your beliefs aren’t. That’s where most small money and big money flowed to in the space.   The market has said rather clearly that it is uninterested in bigger block sizes and trying to expand transaction throughput on the base layer.  ETH 2.0 specializes in both of those things.  What does this mean to you now?

Some parts of the globe, however, do have a medium-of-exchange problem as well. People sending small international remittances, and folks that get de-platformed or sanctioned come to mind.   And for them, there are solutions, including potentially Lightning on BTC over time will bridge that gap now.  They won’t have time to wait for the promise of ETH 2.0.

And as things develop, the market will dictate who wins in the medium-of-exchange or smart contract race as well. There are Bitcoin layers, there are apps on those networks, there are DeFi projects, other projects, etc. It will be what it will be.  We all need to help each other pay attention to the market with our eyes, brains, and thoughts to see where our money should be invested.  This is investing in the wisest way.  Sharing what we find.

Among blockchains, the BTC base layer is essentially an already finished project (no longer beta) with of course ongoing gradual improvement, while most other blockchains remain experiments in rapid change (alpha/beta versions), with less security and less finality.  This is a ceiling to ETH price, in my opinion.  ETH 2.0 still has regulatory risk and operational risk.  Are you willing to allocate capital here first before you have built your colonial position in BTC?

Only in an inflationary environment is the exchange layer bigger.  In a Bitcoin future, value will stay at base SoV layer.  Right now, inflation expectations are now above 2%, while the 10-year yield is now above 1%.   Still, that’s a real rate of -1%, even by official measures.  What happens in a deflationary environment to ETH?  Do you see inflation yet?  Here is an email I got from a contractor I am using to sell my beach house in Destin right now.

What do I think is a more wise investment right now, BTC or ETH 2.0 or a taste of both?

Debating over what was intended in the past is not generally the ideal path for allocating new money.   Listening to the market in the long run, through multiple cycles to clear out temporary malinvestment and see what sticks over time, is generally the ideal path to winning.

SUMMARY

A 2008 history lesson is in order to understand where all of you stand now in January 2021.

Tim Geithner endorsed the US government’s response he helped craft. That is ironic.  In his book, Mr Geithner himself admits what the Fed did in 2008 could be seen as an “out-of-control” rescue of the financial system – as “a correct view”.

However, the US Treasury was successful in inducing private-sector participation in bank capital-raising because markets perceived its recapitalization pledge as credible. Surely America’s status as sole issuer of the global reserve currency helped, as did the Fed’s insatiable demand for government securities.

Is the rest of the world equivalent?

Would a similar pledge by eurozone policy makers, at the height of the sovereign debt crisis, have solicited a similar market response? It is very unlikely. On the contrary, it might have sent yields on peripheral countries’ debt soaring even higher, reinforcing the (doomsday-like) sovereign-bank negative feedback loop.

The biggest lesson not learned of the 2008 financial crisis was the mispricing of risk. In fact, I will say mispricing risk is always the biggest error made in any financial crisis.  Remember that when Biden takes office because his administration will be in chronic crisis mode come January 20th, 2021.

Under the current system banks can look safer than they are simply by increasing their sovereign debt exposure, without raising additional capital. MMT has allowed banks to survive by feeding on freshly printed money which allowed them to remain flush with cash, but this cash never gets to the public or businesses fast enough in a financial crisis like COVID.  This reinforces the bank-sovereign feedback loop, and only makes us more, not less, crisis-prone.  Does this loop analogy sound an awful like circadian biology mismatches?  This is why I have lost my faith in the government and in its fiat money.

Numbers don‘t lie. Politicians, journalist, and technology companies with social platforms now do.  This is why the first amendment is dead now and we have to rely on amendments two, four, and six for our coming safety. It means the SCOTUS is where our trust lies. The executive branch lost all of its potential power on 11/3/2020.  Politicians will make it a religion in lying to us, and they have undermined all of my trust.  This is especially true with respect to government fiat debt based money.

“When you tear out a person’s tongue via censorship you are not proving them a liar, you’re only telling the world that you fear what they might say”

Always fight for the liberty of people and your freedom in your money.

2020 vs. 2008

To sum up 2020:  $9 Trillion of monetary stimulus worldwide in a single year.  The US printed 25% of all circulating dollars in 2020 to combat COVID.  It was by far the highest amount we’ve ever seen.   3 times the size of money printing in 2008.  Do you really think that this virally induced stimulus won’t get the patient (taxpayer) ill?

The Fed bought $2.4 trillion in Treasuries in 2020 (blue) & largely funds the deficit (black). Had you told me in 2019 this is what 2020 would be, I’d have predicted big disagreement among economists. Instead, there’s near universal support, which to me is the biggest surprise of 2020.  This tells me they know a massive depression is coming and they are getting ready to take a lot of assets of the taxpayer to set the stage for the Great Reset that the World Economic forum has been calling for since the Clinton administration.  Every democratic president since Clinton loves the World Economic Forum and Davos.  It is where bankers plan to steal wealth from taxpayers without any justice.

The Great Reset is an idea where the human taxpayer will be a unit to be managed by a governmental algorithm, a digital file to be moved at will and, when necessary, deleted.  When you delete the file you scoop up all they own.  It worked in Nazi Germany and it appears history will be repeating itself in the next four years courtesy of the bankers.   Biden will help them do this.

As for COVID:

I am not afraid of any virus that has over a 99% survival rate and no amount of media-coverage, data manipulation or forced testing among asymptomatic people will change my mind.

Lions cannot understand the mentality of sheep. This is why I teach my flock quantum biology and why BTC is a life raft for the coming medical algorithms being built by the industrial military complex in Washington DC under Biden.  The next algorithm will be in a syringe injected into fools for something that has a 99.98% survival rate.  Higher still if you just get your skin in the game.  Any doc pushing this vaccine needs to understand they are putting themselves out of business in the future.  Few of them see this logic now.

As the face of medicine at the point of contact where the rubber meets the road physician’s must absorb the angst and anger of the patients about the USA’s failed HC system while the insurance, MedMal, PBM, hospital, EHR and MOC industries laugh all the way to the bank as their profits expand and physicians go broke.

Today’s money lesson: Fahrenheit doesn’t make much sense, but we’re all familiar with it. Fahrenheit is a lot like gold currency.

Celsius makes sense to people on Earth, because it’s based on the freezing and boiling points of water (and there’s a lot of water on Earth).  Celsius is a lot like fiat paper money.

Kelvin is probably closest to an absolute truth, universally. Kelvin is Bitcoin.   ETH is not.

Lesson over.

BTC is the more wise way to allocate capital right now than ETH……..unless you like to gamble. 

Why?  Many of the assumptions I have heard from smart people (even in my tribe) make to me about ETH are not true.  Here is one I researched.  

Ethereans say, “ETH will be fast and have more transaction power than the BTC blockchain.”  Is this true?  Tell me Ethereans, why relying on Infura is different than, say, a SaaS company relying on AWS or Azure.

In some debates I have had recently, Ethereum investors were insisting to me that Ethereum nodes are easy to run.  That picture above should does not support that belief does it?   If that’s correct, why does Infura highlight how difficult it is, and have so many customers?   For folks technical enough to launch a Dapp, shouldn’t running nodes be trivial?  What does this mean longer term to an ETHER investment?

I’ll tell you what I think right now on January 9th, 2021.

Why is BTC fundamentally a better investment now?

IT IS DECENTRALIZED 100%.

Is there something else, Uncle Jack?

Why is BTC considered deflationary at a 30,000 foot level?  For decades, under the fiat system prices for basic consumer goods have increased and quality decreased. This is because increased productivity (technology) requires a constant monetary base to be felt through prices. Fiat money is the unit that measures this process. Fiat is not Bitcoin.

In a monetary measuring system with a constant base (i.e. Bitcoin), increased productivity will translate to decreased prices. However, if the monetary measuring stick is tampered with (i.e. the Fed’s printing presses), then prices will increase year after year despite massive increases in productivity. This is what will happen under Biden.

When you cannot refi to lower your payment you are headed to having your home stolen by a banker when the house of cards falls.  Most of the USA main asset is their house.  Don’t be a sheep.  Be proactive and get your cash out of your house before the masses realize what is head our way under Biden.

Asset bubbles will expand in the tech stock market, in certain real estate markets (Malibu/Hamptons), in rare art and in yachts. The last place to feel the inflationary pinch will be in goods that the middle and lower classes face in their daily lives.  This is why the CPI is no indicator of the coming tsunami.  It is being used to keep the public in their pens afraid of a virus that is less virulent than a simple sexually transmitted disease.   If you want a metric to follow when the shit is close to hitting the fan it will be when the middle class can no longer refinance their real estate loans. That process has already begun because interests rates are already artificially low, so refinance cannot be used to lower a payment when you get locked in because the politicians closed your economy down because they need to bail out the bankers from their mistakes and are using you as the pawn.

CITES:

https://jimmymow.medium.com/announcing-strike-global-2392b908f611

https://infura.io/faq

PERIPHERAL BLOOD SMEAR TECHNIQUE (video)

In patient care, diagnostic formulations rest on a tripod consisting of clinical history, physical examination and laboratory investigations. The Literature reveals that as much as 70% of clinical decisions and diagnoses are supported by laboratory medicine as cite 1 shows. Peripheral blood film (PBF) is a basic and a highly informative hematological tool at the clinician’s disposal in screening, diagnosis and monitoring of disease progression and therapeutic response. An adept understanding of peripheral blood interpretation is important for a successful mitochondrial clinical practice.

Metabolism in a tissue creates a change in the magnetic flux in tissues because of the free radical fingerprint it creates.  That fingerprint changes the sizes and shape of cells in our blood.  This is the quantum clue that blood uses to operate in us to bring sunlight and oxygen to mitochondria struggling to breathe.

The diagnostic relevance of a PBF is enormous. The PBF exposes the morphology of peripheral blood cells, which ensures its place in the morphologic diagnosis of various primary and secondary blood and blood related diseases. It is critical in understanding the environment the patient lives in, because it often illuminates other factors to be aware of in the laboratory assessment.  It should force the clinician to go deeper and ask better questions when the smear is not optimized.  Its diagnostic relevance has not been lessened by advances in hematology automation and molecular techniques we have today in medicine.  It is a lost art in clinical medicine.

Every patient who is a Kruse Longevity Center member at Destin will get the peripheral blood smear.

The discocytic RBC’s can be transformed to echinocytic or stomatocytic shape under different electromagnetic conditions in the environment.  This has huge implication to the quantum clinician.  We can see the evidence of redox changes in mitochondria in patients by knowing what to look for in their RBC’s morphology.  This is evidence of a change in their redox potential and the zeta potential in their blood.  Right now only dark field microscopy has made a presence in medicine, but this is a very crude way to tell the clinician about changes in the viscosity of blood and changes in the electromagnetic potential of platelets and RBC’s in the circulatory system.  There is a better way to examine blood that I believe will become imperative in a 5G blue lit world.  The use of Raman spectroscopy will become very popular in future virtual private hospitals run by quantum clinicians.

This picture above shoud inform you.  When your arteries are filled with calcium, and your NO levels are low and your vitamin D level is not where it should be, what a physician finds on a peripheral blood smear is critically important about your care.  If you do not do this smear your doctor is treating you without key data.  When a physician doesn’t collect the right metrics, they’re flying blind.  It means you are not getting proper care.  It means you are subject to medical algorithms that have no hope of helping you.   If you collect and focus on too many tests with no face validity, they obstruct your field of view to what is really going on in your patient.

Your circulatory system = arteries and all cells floating in  your blood and all parts of liquids that make up your blood inclusive of the heart muscle.  None of the tissues in your circulatory system know where your blood sugar comes from, wether it’s blue light toxicity, an obscene nnEMF environment, dietary carbs, sleep deprivation, stress hormones, excess adiposity, lack of activity………..But your peripheral blood smear give the quantum clinician and big clue what is going on in your environment even when you do not sense it with your 5 senses.  Your sixth sense is buried in your mitochondria and it does sense it too by an altered free radical signal.  Your seventh sense is found in your blood with a peripheral blood smear.  

The component parts of your circulatory system don’t discriminate, they don’t like when melanopsin signaling is ruined in this system.  A peripheral blood smear shows us what is present around you in your environment.  That fingerprint is a critical piece of information.

Looking for the “unexpected” is why I do this test.

By looking for the unexpected during your visits and discerning the surreptitious features in the environment around you, I’m able to apprehend parts of your mitochondrial biology and even parts of your personality.  It allows me to find out your quantum identity and learn how to cultivate it and help you optimize it. Taking care of this quantum fingerprints is one of my enduring endeavors as a clinician.

Never forget this:  BLOOD AND ITS COMPONENTS ARE A MAGNETOHYDRODYNAMIC SYSTEM THAT LINKS THE SUN TO YOUR COLONY OF MITOCHONDRIA.

Under physiological conditions, a normal human RBC assumes a biconcave discoid (discocyte) shape ≈ 8 μm in diameter.

It has been known for more than 62 years that a variety of agents can modify this shape systematically and reversibly at constant area and volume.

One set of agents, including anionic amphipaths, high salt, high pH, ATP depletion, cholesterol enrichment, and proximity to a glass surface (hydrophilic), induces a series of crenated shapes, called echinocytes.  We found out that the astronauts who go to the ISS all come back with abnormal peripheral blood smears.  We know why now too…….their bodies were subject to nnEMF.  That fingerprint shows up in unexpected places.  It means we should be looking for it.

Who is packing your parachute?

Are they looking for it?    Why not?

Or are they ordering labs that are worthless and using algorithms they were given by a paradigm to generate profits over cures?

SUMMARY:

To protect yourself from the coming medical algorithms that never consider nnEMF or blue light as etiologies buy yourself some valuable insurance.

There is literally not enough Bitcoin available for all the institutions that want to buy it.  I have been saying for 18+ months that the halving plus historic money printing was going to be rocket fuel.  You’re living through it now in January 2021.