Geek Excursion: Cryptocurrencies

I’ve been thinking on and off about Bitcoin ever since it was written years ago. Right around the end of last month, in December I thought I would look into it again. Turns out the environment has grown considerably since the last time I looked at it, by leaps and bounds! I figured now would be a great time to dip my big toe into the stream, so I found an online exchange and pursued Bitcoin with them. This exchange was ExpressCoin and the purchase deal was mailing them a US Postal Money order, they’d cash it and then send me the Bitcoin equivalent. Since this was a conversion from Fiat money (in this case United States Dollars) to Bitcoin, the exchange rate was around $330 per Bitcoin. The $10 investment gave me 0.03120712 Bitcoin.

Right after that I started lurking on the Bitcoin subreddit on Reddit and discovered two other currencies, Litecoin and Dogecoin. Then just after that I discovered the Cryptocurrency Faucet websites, places where they hand out free money for proving that you’re human with a captcha, and the off chance that exposing you to advertising will pay for the money flowing out of the faucet.

I still think a great part of all these cryptocurrencies is still quite firmly fixed in the hobbyist framework, the enthusiasts are on the “bright” side of the currency and the speculators are on the “dark” side of the currency. All of these currencies that I’ve engaged with display pretty wild volatility in comparison with any linked Fiat. My buy-in rate was around $330 per Bitcoin, and now weeks later, that’s at $218.87 per Bitcoin. There seems to be two camps developing, the first camp is quite keen on ignoring the Fiat exchange rate and trying to ignite their currencies inside themselves. One of the most positive and tightly knit communities surrounds the Dogecoin. Seeing how the Dogecoin enthusiasts communicate and cope with their currencies volatility is a lesson in lighthearted, altruistic generosity. People who hold Doge appear to be very ready to donate it to other people as encouragement, sympathy, or even on a lark. As you go from Doge to Litecoin to Bitcoin you see a lot less of the pleasantries and a lot more of the cold hard business of currency work and trading.

I think one of the most fascinating parts of these new currencies is how everything is starting from the very beginning – including questions of trust and honor. Because all of these coins are decentralized and unregulated there is no capacity for a “chargeback” mechanism, and when this runs up against mechanisms in other currencies, like the Fiat, where there are “chargeback” mechanisms in place, you run the risk of being seriously defrauded. I completely understand the fear and the very careful progress that these cryptocurrency traders make, but it does speak volumes about just how awful and corrupt some people are. We don’t assume people are trustworthy and honorable, so we need many complicated structures in place to cope with the unknowns. This gap in honor is, I feel, a huge part of what these currencies should work on next. How do you measure honor? How do you establish trustworthiness? I got to thinking about it, and every time I think I have a solution I run into an edge case that blows my concept out of the waters. The only thing that I think might work is arranging honor and trustworthiness in a way similar to the “Web of Trust” that PGP and GPG cryptographic systems rely on to establish trust. PGP/GPG never really took off for mass adoption and that’s always been a very sad thing for me, but I really like the “Web of Trust” idea that they pioneered. That people can trust others when there is reputation on the line, backed by money perhaps, there would need to be some sort of contingency addressing on the line as well. So if Bob wants to establish his trustworthiness and his honor he puts his money on the line for it. But the problem with this is that someone who is not honorable could just come along and lie about Bob and take his money, sending you right back to the start again. It’s fascinating, that Bitcoin decentralized money, but we need to figure out how to decentralize trust as well.

The US Government has done its due diligence in preventing egregious misuse of the Bitcoin currency to be used for illegal purposes by attempting to regulate how centralized exchanges transfer Fiat into the cryptocurrencies. It seems that Bitcoin and all the others are very elegantly designed in so far that despite all these regulations there is a community of individuals willing to operate as nano-exchanges that help bring everything back to its decentralized and unregulated roots. Half of the fun of playing with cryptocurrencies is being at ground zero for all these fascinating developments and arguments and seeing how something so new develops and unfolds.

So far I’ve got some small parts of a Bitcoin, some small parts of a Litecoin, and gobs of Dogecoin. For myself, I am very interested in figuring out ways to secure the relationships between traders, working on terms of honor, trust, and faith. If anyone has ideas that they would like to share, please leave them in the comments below. I would really love a nice conversation about securing honor, trust, and faith between traders.

PAD 1/31/13 – Burnt

“Remember yesterday, when your home was on fire and you got to save five items? That means you left a lot of stuff behind. What are the things you wish you could have taken, but had to leave behind?”

What would fire consume? Everything. That’s what insurance is for. There are things I would miss. Things that weren’t saved because there is just too much of it, it’s too difficult to rescue or move in time. What kind of things would I miss? My wardrobe, Scott’s comic books, our extensive entertainment library with both DVD’s and books. So much would be lost, but that’s one of the reasons why there is safety equipment at home and fire extinguishers, but even then, disaster could strike.

There is something about living simply which bears here I think. The wisdom that if you have a lot of things in your life that in certain ways, you don’t own the stuff, but rather the stuff owns you. Reducing the amount of stuff you own is likely a wiser move, but it runs so much against American culture, that you own or rent a residence and then fill it full of treasure and then keep it. Adding to it and never reducing it. I’ve read so many articles online about radical simplification and there is something in it. I cannot deny the wisdom in living simply and rejecting the consumer culture that abounds here in America. Always having more stuff and adding more stuff to that just doesn’t make much rational sense.

This works a lot like greed in a certain way as well. People are driven by greed to always increase the amount of money they have, to earn more, corner the market, whatever it takes to maximize your fiscal health. I don’t think I could be any more left-leaning if I tried. I’ve said before and I still believe this that the irrational accumulation of stuff is just as silly as the irrational accumulation of wealth. It runs directly against capitalism which pushes us all towards making as much money and keeping it as possible, even beyond rational understanding. I think that you should earn what can make your life comfortable and anything beyond that is actually wrong. I’ve thought long and hard about this and I put the limit on personal wealth at $75,000 a year. Beyond $75,000 and the money does less and less for you. Eventually that money means nothing and it starts to injure you. Look at the filthy rich, they lead lives of plenty with endless funds and they are miserable human beings. They are sad, they abuse drugs or alcohol, they act irresponsibly and generally are poor little rich people, devoid of true happiness. Sometimes, when I’m feeling very liberal I do spend time considering the forceful redistribution of individual wealth, where everyone’s wealth is capped at $75,000 and those who don’t earn enough to reach that limit are given money so that they can reach it, on the backs of the rich who, lets face it, wouldn’t even notice the money being gone. This of course would upset anyone who is a capitalist and would brand me as a socialist – why stop there, why not just go all the way to communism? Yes, I write this out of mean spite. I don’t really think the world will ever be like this idea in my head, but after years of watching the poor, the children, and the disadvantaged suffer while the rich build their obnoxious residences and waste their money on worthless endeavors, it’s actually a great reaction. Consider it not in terms of capitalism but rather in terms of suffering. How much suffering could be alleviated by forcefully redistributing the wealth of the richest people amongst us? I think it’s a worthy to consider a world like this, because to me, this seems to be something that Jesus himself would likely smile at and approve of. It has always struck me as odd, how people can maintain the wealth disparity in our society with their self-professed belief in Christianity.

I look forward to your spirited responses to this idea. 🙂

Fifteen Hundred Dollars

While actively pursuing the design I’ve had to make meditation a part of my daily routine I’ve been looking online to see what is out on the Internet when it comes to meditation. What I half-heartedly wished I’d see is clear resources on how to get started and free information, perhaps even courses that people could sign up for if they wanted. There are lots of resources online, including Wikipedia, which I quite enjoy. Much of the basic information is useful but many of the links on the first page of Google seem to orbit this semantic space that I like to characterize as ‘freaky eastern shazam’. It’s very reminiscent of the sites you run into when investigating anything that isn’t mainstream in the west. Reading about Tea leads you to bombastic hyperbole about all the health benefits of tea. Reading about Reiki leads you to similar bombast, Feng Shui, Buddhism, and really what this particular blog post is about, Meditation. All these topics have collected the flotsam and jetsam of bombastic hyperbole around them. A lot of ooohing and aaahing and almost always there is some old crusty personality featured that is an ‘expert’ or ‘guru’ that is supposed to lend the topic seriousness. It’s as if western thought is a nightclub and the only way to get beyond the bouncer is to have some sort of elderly expert you can name-drop which will unhook the red velvet ropes and let you in.

Specifically what I ran across that kind of upset me is the site for Transcendental Meditation. Now I have nothing against them at all, no real complaints or critiques to speak of, as they seem to be pleasant and upstanding people. What I do find rather irksome is once you click beyond all the chrome shiny you get to the brass beneath it all. I’ve noticed this quite a lot, this sense of having to pay to be taught, that ‘tuition’ costs some rather pricey sum that somehow justifies a buying-sight-unseen product which may or may not be for you. I’ve hashed this very thing out with the people who follow Reiki, and here we see it again, except for meditation. The cost is $1500! But because Oprah and her cult-of-personality is “underwriting” a portion of the wares that tm.org sell, they’re willing to lower the price to $975!

Selling what should be a basic part of human living strikes me as wrong. It’s upsetting. Everyone should be encouraged to explore their consciousness. They should be willing to explore the many porticos and hallways to their awareness and realize that it’s more than just being on and off, being awake and asleep, being active and maybe-I-dream-but-I-don’t-remember. I’ve gone exploring and there is more here that people should be curious about and explore along with me. So I see these sites and I note the cost and it strikes me with an almost angry emotional sense that something that is an inborn and fundamental part of living should be for sale. Everyone experiences meditative states at least briefly every single day of their lives. I maintain (alas have no empirical proof) that everyone passes through the state that I feel when I meditate right after they leave REM sleep and right before their first conscious thought which is almost always some sort of planned movement, to get up off the bed. If you bring on this particular state with your full awareness intact during the day and stay in that place for a time, it changes you for the better. There is something here that is good for people and I can feel it. I can’t prove it, but I feel it to be right.

There is a counter-argument that is usually made, especially by Reiki professionals who state that the cost is high so that people take it seriously. That in a way, the only way to impress upon a western mind that something is worthy of pursuit you must first make them pay for it, which in a way compels them to make it feel serious because otherwise it’s just a waste of money and wasting money is taboo. The mental garden path runs, “Well, I paid $1500 for this, so I should get my monies worth…” and I find this entire notion to be embarrassing. Shouldn’t you want to do something that may be good for you from your own values, for your own good? Why should money enter into it? Then again, I did pay over $15,000 for a “college education” so upon reflection, I’m as much of a guppy as these yokels paying $1500 for someone to teach them meditation. In many ways I think about the time I spent in college and what I got out of that experience. Was it about the “higher education” that stayed with me, or is it something else? It would be crass to basically state that I paid $15,000 for a beautiful piece of paper which I’ve never shown another living soul, but entitles me to letters that I get to tack on to my name, which nobody ever does because the letters B.A. are so common as to be meaningless. Perhaps what I got out of college wasn’t what I went there for, but for all the other things that happened to me while I was there. All the other things I did, the growing up, the learning, and none of it was done in a classroom. I try to remember anything I learned in a classroom for my college education and I can’t recall anything beyond a vague impression of stadium-style seating.

But what I can do now is explore without having to pay someone to teach me. At least in this I can do this on my own. I don’t need someone to hand me any paperwork I won’t ever really use. Because meditation is an inherent skill, and a ‘college education’ isn’t, then that may be the justification I use to both criticize tm.org for selling out and why I sold out to the SUNY college system in New York. The basis is flimsy, but it is something at least.

So what does it take to meditate? It seems straightforward to me, and I strip away the religious claptrap that surrounds the act, if you want to take meditation and clothe it in a religious context that’s fine and up to you. The basics as far as I consider them is to exercise your will and carry your full awareness into a state of consciousness without thoughts. The parts of the brain can be resistant to this because while we are conscious we pretty much are just an endless stream of thoughts and this is the problem. You are more than a stream of thoughts and meditation helps you explore what existence is without this constant stream of thinking. I find that concentrating on breathing is perfect. It’s something you absolutely must do at all times or you will die, so you might as well use it as a tool to manipulate your consciousness. I’ve found that concentrating and centering all my will and awareness on my breathing, the feeling of breathing is all that I need. I notice that my mind wanders off of breathing and the further I go the more unusual ‘junk’ gets thrown up and occurs to me. It’s just as if the thinking parts of me know I’m trying to quiet them and they don’t want to ever shut up, so they try to sabotage me. While I sit calmly trying to meditate my thinking mind, in a panic to keep me from leaving, digs up the scent of WD–40 and the embrace of my maternal grandfather. I’m sure if I were to anthropomorphize my thinking parts it would run something like this: “WHAT!?! You cannot leave me! I’ll fix you! Here, here’s a memory of your grandfather! See! You can’t live without me!” Throughout the entire experience I have discovered that trying to suppress these intrusive thoughts only encourages them to pop up, just like raising the heat on a pan of popcorn kernels. The more heat, the faster they pop. Instead of actively suppressing them, the key I’ve found is to apply my will to let go of whatever it is and calmly return to breathing. Sometimes I’m successful, sometimes I’m not. In the end however, if I have enough time and willpower I can cross a barrier and as I’ve written about before, it feels like a different region of consciousness. The popcorn thoughts no longer appear and everything is serene, calm, and quiet in the most important place of all, inside my own mind.

So, why spend $1500, or even $975 if something like this can be explored and developed by sitting someplace comfortable, closing your eyes, and breathing? I think more people would enjoy it if they tried it. As I’ve characterized it before, it’s ineffable. There really aren’t words to convey what the feeling is, wonderful and magnificent and delightful don’t really touch the nature of what this space in your consciousness is. The only thing that really upsets me is that I’ve been carrying this around with me for 36 years and only now have taken it seriously. Instead of bemoaning the lost time I am going to make it a part of the life that remains to me because this is really really good.

iTunes Wish List!

Apple is missing the Titanic of Cash as it sails on by them, seeking out that iceberg in the North Atlantic. It’s been weeks since I’ve looked at my iTunes Wish List and I just went back to add more tracks that I caught with Shazam, an app on the iPhone that you can use to listen to music and then tag it on your phone so you can remember the details later on.

So much is being missed! This whole thing hurts my head. I’ve got $300 in music that is languishing in my iTunes Wish List and there is no way for me to share it with anyone else. The list is a dead duck. What good is it that I can edit the list and buy things from it if I can’t hand a link out to family and friends? It seems so stupid that I can’t even wrap my mind around it. Apple has all the pieces arranged on the chess board to make a holiday killing but they are playing dead on the whole subject! iTunes, which handles music and it’s store quite deftly (I think), iCloud which enables every connected iOS device to get music all at the same time. It’s like a perfect moneymaking storm! Here’s how I imagine it could go:

  1. Someone (like me) uses iTunes or Shazam and starts to flesh out their iTunes Wish List. This information is stored at Apple, so there isn’t any reason why it can’t be used in other ways to help sell music. Just think of the shameless cross-functional promotion that Shazam could roll out in their iOS app! If you hear music you really love, set Shazam to listen to it, then add it to your iTunes wish list!
  2. On November 1st of the year (date pulled from thin air) Apple emails the primary account holders email address (which is what the Apple ID is formed on) a very friendly email that says something like “For the holidays, we thought you might like a link to your iTunes Wish List. Here’s the link: http://itunes.apple.com/wishlist/634323421232100” Happy Holidays from Apple! Unbidden you get a handy link you can then embed in a tweet, a Google Plus status, a Facebook status, a WordPress Blog Page, or even cross-promote using the Amazon Universal Wish List site. There are so many ways to share links it’s disgusting.
  3. People go to the site and put checkmarks next to the albums or the tracks that they’d like to buy for that person as a gift. Lets say you want to get someone $30 worth of music, but you don’t know what music they’d really love, why not just go to their iTunes wish list? It boggles my mind! As people make checkmarks the total builds and they can cash out using a credit card, paypal, or whatever. The next screen gives the purchaser a great option “Deliver Now” vs. “Deliver on a Date”. If they use the first option then Apple can send a gift receipt immediately, otherwise Apple defers the purchase until the date and time specified.
  4. Apple can then leverage iCloud and so the receiver of the gift watches on the date and time that the gift giver indicated when all their purchased music either becomes available for download or starts automatically downloading over iCloud! At least the person can get a gift receipt letting them know that they have music that they can download on iTunes after they login to their Apple ID.
  5. As people buy tracks and albums from this website Apple can arrange their site like Amazon does to give the recipient a choice to “spoil the surprise” by listing what has been purchased or “decline to spoil the surprise” by either locking the wish list down or hiding tracks that are “in play” for giving.
  6. This would be a great way to avoid collisions when it comes to gift giving. When someone buys an album through iTunes as a gift for someone else that line item is dropped from the wish list website link so that nobody else can buy the music and effectively buy-a-gift-twice.

This entire idea is great for everyone! Music labels love it, it’s selling music. Music artists love it, it’s selling music. Apple loves it, it’s selling music! Gift givers really love it because they can go to a one-stop-shop, plunk down exactly how much they want to get for their loved ones and it’s all taken care of! Gift recipients love it because they get a clear demonstration on how cool iCloud can be when they see a flurry of gift receipts coming from Apple over email and then iCloud chats up the iOS devices connected and all that music starts to load into the device!

Marketing? Jesus Christ on a pogostick! This stuff writes itself! You could put a little animated iCloud character in a Santa outfit! Apple could try to market itself as one of Santa’s favorite elf! If the iCloud symbol is too abstract you could put a animated musical symbol in a box with a bow and show it off that way! The television spots encouraging people to flesh out their iTunes Wish List would be an utter gold mine for Apple, for the Labels, the Artists, to say nothing of making life easier for the rest of us!

And just to state the obvious if Apple ever reads any of this, I want you to have all of this blog post to use as your own. This entire post is copylefted, I don’t give a damn what anyone does with anything I write. Want to make money? Please bring this to life!

All that music is just languishing on my dead-end iTunes Wish List. Duh Apple, DUH!

Gasoline in Michigan

I’ve been thinking about how the people in this state behave in relationship to their vehicles. Specifically how people in Michigan have idolized their cars and refuse to part with them no matter how expensive it is to operate them. This line of reasoning got me wondering about the price of automobile gasoline and how it affects behavior. Specifically at what stages do people in Michigan start to adapt their behaviors?

So far gas has reached $3.55 per gallon for regular unleaded gasoline. Here’s a continuum of adaptive behaviors that I think people could use if they really wanted to:

  • Drop maximum speed to 65 in a 70MPH zone
  • Drop maximum speed to 55 in a 70MPH zone
  • Consolidate trips, waiting until there is a reason to go out and chaining opportunities to make it all in one trip.
  • Carpool
  • Use public transportation
  • Bicycle riding
  • Walking

So far I’ve started to drop my maximum speed between 55 and 60 MPH even in 70MPH zones, I consolidate trips and as soon as the weather improves a bit more, I’ll be taking advantage of public transportation again.

I’ve polled some of my coworkers about their sentiments and from what I can gather, gasoline would have to be above $5 a gallon to force the people in this state to adapt their driving behaviors.

Here’s a question for all my readers, so please comment, what have you done in response to the higher price of gasoline to adapt or cope? Let us know, I look forward to a discussion and possibly more adaptations I haven’t thought about in this blog post. 🙂