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Showing posts from February, 2024

Bitcoin, like the dollar, divorces value from utility

AI was doing the dishes today and thought about how valuable stainless steel was in the application of a sink. And then I thought about how little value carpet would be in that same application. The value of my sink was derived directly from the properties of stainless steel. It was easy to clean, resisted rusting and didn’t hold onto odors. If the properties had changed to those of a carpet, you can imagine how hard it would be to clean the sink after doing the dishes!! The problem society has increasingly faced with money is that we have divorced value from utility. We think that money can be digital and conceptual instead of a physical asset like gold.  Bitcoin is just a new version of this divorce. People describe it as “digital gold” but digital gold is no better than digital copper or digital apples. Such advocates for digitalization do not even really believe this. They do not fill their cars up with “digital gas” or drive their “digital vehicles” to the “digital store” to buy “

Why I think Bitcoin will go to zero

Bitcoin is a Ponzi Scheme Recently I posted a question on several social media channels asking proponents of Bitcoin to describe what they think the value of Bitcoin is. In assessing the responses, I was able to understand the main argument. These responses are not truth, simply the perspective of sentiment of many Bitcoin fans. 1. Bitcoin’s price is $50,000 2. The value of something is what someone else is willing to pay for it 3. I can travel with it 4. It will have a limited supply 5. It’s a better version of the US dollar because the government can’t control it.  If you’d like to see one of the more robust conversations, go here:  https://www.facebook.com/share/p/AkhwDcU2RBdB78rX/?mibextid=K35XfP From these comments I can identify three key errors of Bitcoin. 1. Value is different from price. People are generally very confused about the concept of value. They talk as if there is no difference between value and price even though price is a derivative of value. Without value, there c

Non-Compliance and Moral Agency: A Call to Embrace Liberty and Justice

Compliance is a tool of criminals and the excuse of cowards.  Morality is the enemy of criminals and the energy of the brave. Do not comply.  Do not obey.  Do the right thing. Whatever they say. In a previous post I pointed out the flaw in the human legal system that demands justice without mercy. Because criminals are unable to submit to the law, they are unable to uphold it. The very moment a criminal advocates for the law, they are at once summarily condemned. This paradox has plagued human society since the beginning of time. This paradox forces men into a predictable strategy of action, an arms race killing all things which may condemn him. This practice is the persistent avoidance of death in all its forms.  Consider, for instance, the case of Julian Assange, the reporter who exposed the immoral practices of the US military and CIA. He has been prosecuted by the US government for years. At the same time, the US government has uniformly advocated for and defended another reporter,

The Foundation of Law and The Hope of Humanity

Here is a trustworthy saying that deserves full acceptance: Christ Jesus came into the world to save sinners—of whom I am the worst.   But for that very reason I was shown mercy so that in me, the worst of sinners, Christ Jesus might display his immense patience as an example for those who would believe in him and receive eternal life.   Now to the King eternal, immortal, invisible, the only God, be honor and glory for ever and ever. Amen. (1 Timothy 1:15-17) At some point in my distant past, two brothers were engaged in their respective industries. Abel kept flocks and Cain worked the soil. In due time, Cain, the one who kept the soil, became jealous of Abel, the one who kept the flock, and in his jealousy, killed his brother. At that time there was no formal legal system or system of judges ready to adjudicate the facts of this case. No previous cases of murder had been tried, so there was no precedence to appeal to. Who was right and who was wrong? The task I wish to take on is to u

Moore v Alliant Credit Union 2024

Plaintiff, Zach Moore, is challenging the defendants Alliant Credit Union of bank fraud and counterfeiting in regards to a mortgage contract entered into December 10, 2021 for the property {redacted}.  Plaintiffs opening statement reads as follows:  “ I am challenging the validity of a mortgage contract on the basis, that no real property or considerations was provided by alliance credit union. While funds were provided, they were counterfeit, since the funds did not exist on the bank, balance sheets prior to the bank credit being created. I know this because this is the publicly stated practice of all banks operating within the federal reserve banking system. Therefore, Alliant credit union is guilty of bank, fraud, counterfeiting, and unjust enrichment, and on the basis, I see to nullify the contract and seek damages.”

The Death of the State

 

The Love of Costs and Cause of Love

In a world of costs, I want to be the cause I don’t worry about costs. Costs are a cheap artificial substitute to the Cause of all that is. Though I live in a world that claims to be able to put a cost on everything, I choose love. I choose value.   I live in a world that despises love. All around me I see gifts, talents, bodies, beauty, and souls sold for ransom. Say you don’t need no diamond ring. And I’ll be satisfied  Tell me that you want the things  That money just can’t buy I don’t care too much for money Money can’t buy me love Price *pries our eyes* from source Cost *crucifies the cause* Money puts *me on my knee*s to the money maker Markets *mark it* for sell Market captives // blinded by price // crucify love // for money  The soul is the soil of life.  The spirit is the source of love.  How can we have life without the soul? How can we have love without the spirit? What does it profit a man to gain the whole world at the cost of his soul? What profit can a woman receive in

Legal Discussion Concerning Zach’s Lawsuit Against His Creditors

Zach is enters the law office and greets the lawyer he’s arranged to meet. They exchange a few pleasantries and then sit down to discuss the purpose of the visit. Zach: Hello, I’d like to discuss a lawsuit but before I do, I’d like to ask you a few questions about contract law. Do you mind? Lawyer: By all means.  Zach: Do you mind explaining in simple terms what the meaning of “consideration” is in the context of a business contract? Lawyer: Certainly. In essence, “consideration” is what each party must offer in order for the other party to consider entering into the contract. Consideration is typically an asset of some sort that is defined somewhere within the contract.  Zach: Thank you. And if a contract is absent of this consideration? What happens? Lawyer: Well in that case, the contract is voidable, since you cannot have a binding agreement to exchange when there is nothing being exchanged by one or more parties.  Zach: Could you give me an example of a contract that is lacking in

Themes and Predictions from 1866 to 2065

Intention and Acknowledgement My intention is to describe in simple terms how we got here to this point of history in 2023. I will as best as I can explain the $34 Trillion in US national debt, the degradation of cities like Philadelphia, New Orleans, and San Francisco, the ineptitude of the US Congress, the rise of Cryptocurrency, and the lostness of society. I will do this by exploring the last 200 years of history from 1866 to today. My aim is not to take us back so we may move forward. There is no past or future. All we ever have is the present. It is in the present we are either living in truth or in error. However, in reviewing the ideas that influence our present, we may correct our errors and live more in the truth. This will feel like a trip through the past. I want you to think of it more like a code that we can review, affirm, or change. God knows, we need to understand the code operating in our society and change it.  Further, I am just going to tell the story of the past 2