May 282017
 

I met my friend, Morpheus (now in federal custody), in 2005 at a meeting of the Libertarian Party of Palm Beach County in Florida. At the time I was struck by how quickly he understood the ethics lessons that I was teaching then. We quickly became good friends and stayed in touch after he moved to Arizona about 6 months later.

In 2012, just 12 months to the day after my wife’s death, I pulled up stakes and moved to the Phoenix area to become part of the freedom activist community in which Morpheus was a well known participant. Since then I’ve had many opportunities to admire his honesty, courage and fortitude in resisting the evils of mala prohibita (victimless “crimes”) enforcement.

The price he has paid for his extraordinary freedom has been severe. He has been robbed of multiple vehicles, beaten, tased, cuffed, kidnapped, strait-jacketed, prosecuted, fined, and caged just for being free – NOT for harming anyone. In fact, he is currently in prison for buying and selling BitCoins – a commodity comprised of strings of numbers and letters. What could be more absurd?

He was arrested on April the 20th while making a BitCoin deal, and then his apartment was raided and he was charged with owning a handful of ammunition that was found in his apartment (no guns though). So now the feds are trying to build a case against him, probably for “money laundering”, but they have as yet not charged him and have not specified a “probable cause” for his arrest. Meanwhile they won’t let him bail because they consider him a “flight risk” – which in fact he is NOT. And he is languishing in prison until a hearing or trial scheduled for August.

So I am appealing to all you freedom-loving, anarchist, libertarian, or constitutionalist, “activists” to ante-up for Morpheus’s defense – because if you don’t step up and help him, there will likely be no one to come to your defense when the Nazi thugs come for YOU… and they will I can guarantee.
I’ve talked to attorney  Marc Victor on Morpheus’s behalf, and he will charge $800 just to go out to where Morpheus is being held and do an initial interview. His actual defense in court is likely to run tens of thousands of dollars.

This case is likely to be a precedent setter. The federal government cannot afford to let anyone buy, sell, or financially transact anything without their demanding a slice of the revenue (in taxes).  So the outcome of this case could result in your total financial enslavement, OR it could set a precedent that will legitimize the first truly free market on the planet in over 8,000 years.

Make no mistake. Unless we defend Morpheus with every resource available to us, his fate will eventually become ours. If you don’t want to rot in some gulag, donate for his defense while you still can.

Via PayPal: borisheir@yahoo.com

Via Bitcoin: 1CnMqpF3dUoHSUg3r4ngAsJoNhSTBU7TY

If you’d like to write to him, here is his address in captivity:
Thomas Costanzo
#373285408
CAFCC WEST
P.O. BOX 6300
Florence, AZ 85132

Live free,

Jan 132016
 

Apr 302014
 

Steve Jobs on coming reset to Bitcoin

Sovereign Man modified by Morpheus original article
Wisdom from Steve Jobs on the coming system reset

April 30, 2014
Santiago, Chile / Mesa, Arizona

Hi all fans of Simon Black and Sovereign Man.  I got this in my email. After I read it and have to suggest that Simon doesn’t carry his thought to the logical conclusion.  BitCoin IS the future, not metals or Banks in other jurisdictions are still part of the BORG and for that reason they are not to be trusted in any way shape or form.  Bitcoins properly dealt with are safer than the gold in Fort Knox, if there is any there, that is.

“Money” is a concept of the mind, it doesn’t exist in the real world.  It is only exists as construct of the mind.  Here is the Progression:

Agrarian Age: In this era there was no: electricity, Internet, cars, trucks, planes, trains, running water, Walmart, Circle K, running water in your house, newspapers, or mail services, some people thought the world was flat.  This age is marked by Barter, and with the rise of Roman Empire the “invention” of gold and silver as “money”. Keep in mind during    However in their lust for expansion and debasement of the coin through clipping and non precious alloys being added caused hyperinflation.  This gave rise to the dark ages with control going to the Roman Catholic Church, and all the Flat Earth sillyness.

Industrial Age: Moving out of the dark ages was marked with the “invention” of Paper Money with the “invention” of the printing press, they say they were printing Bibles, “Riiight”,I say “they were printing money Guttenberg wasn’t printing Bibles’. That coverup story is for the slaves and no different than the cock and bull 9/11 coverup.” This age is marked with the enslavement of humanity to debt, debt that is created by the banks to pit human against human to create governments to “referee” all disputes.  Of course they never indict themselves for criminal behavior.

Digital Age: This age is marked with the “invention” of the “computer” and the “Internet.” These “inventions” created a totally new kind of money one that could not exist with the previous systems to build on.   That new technology created a crypto-currency known as Bitcoin. There are other alt coins like:  Litecoin, Namecoin, Mastercoin to name a few.  To attempt to go back to the past and use the technology from an age that is so long gone is a mistake. I like to ask people “How come you don’t have a phone with a really long cord instead of a cell phone?”. The simple reason is because the new technology, the cell phone, replaced the corded phone so no one uses corded phones much any more.  To have be against bitcoins is like being against cell phones when they came out.  Those who were the Luddites back in the beginning of the industrial revolution quickly disappeared or got ran over.  We can’t take Gold and Silver into space its way too heavy.

Sure its a good idea to have gold and silver in case the aliens or the machines turn off the power, however a prudent person would also want to stock up on 9mm 40 and 45 cal double ought buckshot, food , water and other supplies. When you look at the progression of the price and the market cap a person would have to be out of your mind to not get involved with bitcoin.

So read both articles and see which one comes to a better conclusion.  Simon hit me up if you like m-o-r-p-h-e-u-s<at>t-i-t-a-n-i-a-n-s<dot>org

Steve Jobs used to tell a very inspiring story about an article he read in Scientific American when he was a boy.

He said that the article measured the ‘efficiency of locomotion’ of various species– essentially how many calories different animals spend getting from Point A to Point B.
The most efficient of all? Not human beings. Not by a long shot. It was the condor. The condor expended the least amount of energy per meter or kilometer traveled. Human beings were pretty far down the list.

But as Jobs recounts, the authors had the foresight to also test the efficiency of a human being on a bicycle. And this absolutely blew all the other species away.

Jobs later said that this was incredibly influential on his thinking because he realized that human beings were fundamentally tool creators. We take our situation, however grim or rudimentary, and we make it better.

There’s undoubtedly a lot of bad news in the world these days. Some people realize it. Others refuse to believe it and stick their heads in the sand. Our century-old industrial age monetary system is unraveling before our very eyes.

This absurd arcane structure in which we award a tiny central banking elite with the dictatorial power to control the money supply in their sole discretion is now drowning the world in paper currency.

ALL financial markets are manipulated by central banks, predominantly the Federal Reserve. One human or possibly a reptile in a human woman outfit — Janet Yellen– has the power to affect the prices of nearly everything on the planet, from the wholesale price of coffee in Colombia to the cost of a luxury flat in Hong Kong.

Moreover, politicians in some of the most ‘advanced’ economies in the world (Japan, the US, France, the UK, etc.) have accumulated so much debt that they have to borrow money just to pay interest on the money they have already borrowed.  Most would call this insanity.

They are and continuing to saddling future unborn generations with a debt that is SATANIC.

They wage endless, costly wars, murdering millions. They spy on their citizens. They spray poisons in the air. They inject fluoride, a carcinogen into the water. They arrest people for the burning a plant.  They tell people what they can and cannot put in their bodies. They confiscate private property and wages at the point of a gun.

They abuse the population with legions of heavily armed government agents (thugs). They conjure so many codes, rules, regulations, laws, and executive orders that it becomes totally impossible for any individual to exist without being guilty of some innocuous, victimless crime.

And they arrogantly masquerade the entire ruse as a FREE SOCIETY.

>None are more hopelessly enslaved than those who falsely believe they are free.Johann Wolfgang von Goethe

This system is on the way out. It will reset.

Like feudalism before, our system will go the way of the historical dust bin. And future historians will look back (just as we view feudalism) and say “why did they put up with that nonsense…?

This reset is nothing to fear. Human beings are incredible creatures who have a long-term track record of growth. We rise. We progress.

Or more appropriately, we ride bicycles. We create tools to overcome our challenges. We create new forms of currency.  The new currency will be in the form of a crypto-currency. The most prevalent in the world is called Bitcoin. You need to wake up and learn why Bitcoin is so much better than the current model.

Your industrial age country’s currency (paper debt money) is being rapidly debased, you could hold some savings in a different currency. Or you may hold agrarian currency (precious metals).  Or move into the future with Digital money…Bitcoin!

Freedoms are being rapidly degraded in almost every country in the world!  Make a decision to stop funding the destruction they cause. Get your bitcoins now.!

I liken all of these to wearing a seatbelt– another one of humanity’s marvelous tools.

You will be better off for holding your funds in a bitcoin wallet, where your money is safer there than all the gold in fort Knox, that is if there is any gold there at all. Or for wearing a seatbelt. But if the worst happens, it can make all the difference in the world.

Buckle up with Bitcoin.

You never know an accident is about to happen until it’s too late. But the warning signs of danger are all there: it’s raining and the road is slippery, fog has descended and visibility is severely limited. It’s an ominous evening.

Make sure you have your Bitcoin seatbelt on.

Until some other time in the Future
Morpheus, peace out. Thank you Simon Black!

Feb 172014
 
By Russ Wiles The Republic | azcentral.com Sat Feb 15, 2014 6:52 PM

Imagine that moment, maybe 3,000 years ago, when an artisan in the Middle East one day got paid not in grain but in shiny silver coins. Or that time in Colonial America when a weaver or blacksmith received wages not as coins but in freshly printed paper currency.

Both events, or something like them, marked major milestones in the evolution of money, and they had profound impacts for society and economic development.

Many people think society is now on a similar cusp with digital currencies.

The fact that bitcoins, the most prominent form, marked their fifth birthday this year strongly suggests that digital money is here to stay. Bitcoins still are not widely embraced by the public. They’re also somewhat cumbersome to use, confusing to non-tech geeks and subject to wide price swings. Yet they continue to gain acceptance. Overstock.com recently declared that it would take bitcoins in payment. The Sacramento Kings basketball team is planning to accept them for tickets. Virgin Galactic is taking them for future space flights.

Ajay Vinze, an associate dean and professor of information systems at Arizona State University’s W.P. Carey School of Business, believes digital currencies right now are about where the Internet was in 1993, shortly before it went mainstream and altered human business and communication forever.

“It’s at the early stages of being practical, when everyone’s testing it,” he said. “But once you see 100 million people using it, you’ll take a look, too.”

We’re not there yet. A December primer by the Federal Reserve Bank of Chicago estimated 30 bitcoin transactions happen every minute. That’s well below the 200,000 transactions per minute on the Visa credit- and debit-card network, but bitcoin transactions tend to be bigger in value, and commerce is growing fast.

Many media reports have been skeptical, warning that bitcoin could be a fad, if not a bubble, and pointing to recent wide price fluctuations and security stumbles. BitStamp, a Slovenia-based website that allows users to swap bitcoins for dollars and other currencies, last week fell victim to a cyberattack that forced it to halt withdrawals. Mt.Gox, another large exchange in Tokyo, cited a software snafu of its own that halted withdrawals. The two mishaps prompted one blogger to wonder whether the bitcoin world is ready for prime time.

In a January survey of 1,000 people by TheStreet.com, 76 percent of respondents said they’re not familiar with bitcoin and 79 percent vowed to never use digital currency.

Because of the anonymous nature of transactions, bitcoins also have been implicated in money laundering and other illicit commerce, with federal prosecutors last month filing charges against two individuals for allegedly using the coins to buy drugs.

Yet dollars also are used for illegal activity. And despite these and other setbacks, bitcoin is still around and growing.

It’s already an acceptable means of payment. Could it emerge as a full-fledged currency, perhaps even a dominant one?

Peter Steinmetz, a Valley medical researcher, got intrigued about bitcoins through his interest in computing. Now he uses them to buy gift cards, sold by various online firms, that can be redeemed for groceries and other products at Target and other retailers. Steinmetz has been tracking bitcoins for the past four years and predicts they eventually could supplant dollars, euros, yen and other global currencies. “The long-term prospects are extremely good,” he said.

More businesses are accepting them. The Rose Law Group in Scottsdale last summer announced it would take bitcoins as payment for legal services, apparently becoming the first law firm in the nation to do so. Partner Ryan Hurley said the company has attracted three clients who paid this way.

“It’s a very minor part of our business but an increasingly important one,” said Hurley, who has started to develop an expertise in bitcoin-related law. “Once you go down the rabbit hole, there’s a lot to look at.”

New way of thinking

Ah, the rabbit hole. It’s common to hear bitcoin enthusiasts make a reference to the term from “Alice in Wonderland” because it does require a new way of thinking about money. For thousands of years, humans required something tangible, primarily metal coins or more recently paper notes or plastic cards, as evidence that these monetary objects have value. Confidence has been affirmed by the issuance and regulation of money by governments.

Digital currencies represent a radical break from all that. They provide a way to conduct business through the Internet, person to person, without any involvement by a financial intermediary or government entity. The original paper that conceptualized bitcoins envisioned “a purely peer-to-peer version of electronic cash” that could be sent “without going through a financial institution.”

Transactions can be transmitted across national borders on a nearly cost-free basis. They’re quick, taking 10-30 minutes or so for the community of online users or “miners” to confirm each bitcoin transaction and thus validate that a coin hasn’t been spent previously.

Bitcoin allow you to send any amount to any person anywhere in the world,” said Steinmetz.

Because bitcoin transactions are direct, with no involvement from the financial system or governments, it raises questions about the role of central banks and other entities. If bitcoin usage catches on in a much bigger way and government influence wanes, that could be good or bad for economic regulation and development, depending on your viewpoint.

If bitcoin develops into a major currency, supporters predict it would be less vulnerable to inflationary pressures, because the supply of coins is designed to increase at a slowing pace and eventually become fixed at around 21 million units.

Governments have been watching from the sidelines so far, although New York’s Department of Financial Services is working on regulations that might cover capital requirements, permissible investments and consumer disclosures. Among the warnings to consumers: Once you make a bitcoin transaction, it can’t be canceled or reversed.

Role of governments

Greater government regulation is a possibility. It’s conceivable that one or more nations might prohibit their residents from using or holding bitcoins.

On the other hand, official government sanctioning of bitcoins or other digital currencies could spur rapid acceptance. Steinmetz thinks this initially might happen in a relatively poor nation that doesn’t want to shoulder the cost of maintaining its own currency. Ecuador abandoned its national currency in favor of the dollar more than a decade ago, and U.S. currency is the de facto standard in Panama and Costa Rica.

The involvement of governments as the bitcoin network matures will be a key development to watch.

“Although some of the enthusiasm for bitcoin is driven by a distrust of state-issued currency, it is hard to imagine a world where the main currency is based on an extremely complex code understood by only a few and controlled by even fewer, without accountability, arbitration or recourse,” wrote Francois Velde, a senior economist who wrote the Chicago Fed primer.

What happens if the Bitcoin network comes under harrassment or attack, especially as the value of the coins increases from current levels worth around $1 billion? “Bitcoin is free of the power of the state, but it is also outside the protection of the state,” Velde wrote.

For bitcoin to gain traction, it will need broader public trust and familiarity. That could be a challenge. Everyone knows that a dollar bill can be accepted and readily used for payment elsewhere. So too for foreign currencies, gold and so on. But what about a monetary unit that’s stored on an encrypted computer file?

Novices also will need to learn how to conduct transactions and protect themselves. You start the process by creating a virtual “wallet” protected by cryptography. You use secret codes or “keys” imbedded on your computer to unlock your wallet so you can spend bitcoins. It sounds weird and rabbit-hole-esque. On the other hand, said Vinze, young adults who are comfortable with the digital world and change in general are among the strongest proponents of bitcoin use.

Internet similarities

The bitcoin system is transparent and jointly controlled by users, much like the Internet. But the mathematical underpinnings, which dictate how coins are created and safeguards put in place, are beyond the understanding of the general public.

“At first it was basically a puzzle contest for cryptographic hobbyists, with a prize for solving an endless battery of puzzles,” wrote Nicholas Colas, chief market strategist at ConvergEx Group, a securities brokerage in New York. “Then, in 2011, bitcoin began to find an actual following.”

Perhaps the comprehension part won’t matter much, assuming bitcoin continues to operate as intended. Most people don’t understand the technical underpinnings of other financial innovations. Hardly anyone thinks twice about buying stuff over the Internet using credit and debit cards that also make use of cryptographic safeguards. The inner workings of the Internet itself are beyond the mental grasp of most mortals.

“Most people don’t want to know how electricity works, either,” Vinze said. “You just want to flip the switch and know that the lights will come on.”

Methods of payment that would have sounded absurd generations ago have become mainstream. The transition from barter to coins was the giant leap, and that was followed in later centuries by a monumental shift to paper currency. Recent decades have seen the rise (and, in some cases, fall) of checkwriting, ATMs, credit cards, debit cards, gift cards, prepaid cards, automatic bill payments, rewards points, point-of-sale swiping, banking on cellphones and more.

People adapt, and they might just be ready for bitcoin.

Bitcoin basics

Here are answers to typical questions about bitcoins.

What are digital currencies? Any currency is a means of exchange, a store of value and a unit of accounting or pricing. But unlike dollar bills, metal coins or silver bars, digital currencies aren’t tangible, with transactions conducted over the Internet. Mainstream currencies are issued and regulated by governments and are recognized as a legal way to pay debts. Bitcoin, the most prominent form of digital currency, doesn’t share these traits.

How long have bitcoins been around? Five years. They were conceptualized in an academic paper written under the apparent pseudonym of Satoshi Nakamoto.

Who owns or controls the Bitcoin network? Nobody owns it while all users control it. Think of it in the same way as the Internet, which is controlled by users following a basic set of rules.

What are bitcoins worth? More than $600 each at present, down from a peak above $1,000 but well above initial prices well below $1. Bitcoin prices fluctuate considerably, but supporters expect they will stabilize. When stability comes, that should support routine commerce rather than speculation. Then bitcoins could become more like dollars, euros, Japanese yen or other mainstream currencies that trade regularly against one another and are primarily used for commerce yet retain a speculative element.

Can I buy things with bitcoins? Yes. The list is relatively small but growing and ranges from merchandise at Overstock.com to tickets for Sacramento Kings basketball games. Smaller, routine transactions aren’t really practical because it takes several minutes for transactions to be authenticated. Customers buying a small item like a cup of coffee aren’t willing to wait that long, explained Ajay Vinze, a professor at Arizona State University. But the day is probably coming when smaller purchases can be made with bitcoins. Also, you can swap bitcoins for mainstream gift cards sold by various online firms or convert them into dollars.

How do I get started? You set up an account by installing a bitcoin “wallet” on your computer or mobile phone. One way to do so is by downloading software from bitcoin.org.

There are mathematical underpinnings to bitcoins. Do I need to understand them? You don’t need to understand them and probably won’t anyway. But one thing to note is that the supply of coins is regulated by individual and collective contributions made to the bitcoin network, through monitoring of transactions and more, said Vinze. Initially, bitcoins were awarded to sophisticated individuals with the ability and computing power to solve complex math equations. Now they’re allocated to or “mined” by parties that perform services for the network.

What are obstacles to greater bitcoin acceptance? There are many. Maybe the biggest is the time it takes for more people to understand how the process works, overcome their fears and start using the coins. As another risk, governments could suppress the market through increased regulation, possibly making transactions illegal. Taxation, assuming it’s even feasible with digital currencies, also represents an unknown.

Are bitcoins safe? That’s a multifacted question that defies a simple answer. On one level, there’s always a danger that the system could be corrupted and bitcoins stolen or counterfeited, though those also are risks for other currencies and methods of payment. On a personal level, users must be able to safeguard their own passwords and computers to minimize the dangers that coins could be taken from them. From a markets perspective, bitcoin values fluctuate against the dollar and other currencies, so there’s a risk prices could fall while you hold them.

One more thing to note: Bitcoin transactions are anonymous and there’s little recourse if you’re not satisfied with a purchase.

Reach the reporter at russ.wiles@arizonarepublic.com or 602-444-8616.

Feb 042014
 

Morpheus is invited to give a presentation on Bitcoin. Being its something to wrap your mind around, he talks about what is money actually, how the incredible fraud that the federal reserve perpetuates, and most importantly how to take advantage of Bitcoin’s incredible properties.

Bitcoins are transfered from person to person without a third part intervener like a bank or government. No one or no organization can freeze your account, there are no cost or barriers to being involved, zero or low cost to transfer money even internationally and there are no arbitrary limits.


Because of the rate of how bitcoin is mined it produces a deflationary currency contrary to the inflationary currency that is currently being produced by all other nations. The reason all countries like inflation is because when they borrow money they are able to repay the debt with “dollars” “euros” “yen” that is controlled by a third party. These evil central planners like the fact they can line their own pockets and the pockets of their friends with money created out of nothing.

Because the market cannot be fooled, the market responds to the fraudulent creation of money by prices going up. This is form of tax that is very easy to hide. In fact, Thomas Jefferson said or wrote:

“If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around them will deprive the people of all property until their children wake up homeless on the continent their Fathers conquered…I believe that banking institutions are more dangerous to our liberties than standing armies… The issuing power should be taken from the banks and restored to the people, to whom it properly belongs.”

Because we are moving into the future, one day at a time, it is normal to conclude that humans are going to find solutions to problems. For example, paper money did not always exist. At one point in humanity evolution, those that traded, carried their gold or silver in a bag on their belt. Well, having a big bag of gold around your belt was a great way to advertise how much you wanted to be robbed.  Hey, you have to go to sleep sometime right?

To prevent from being robbed, many people kept their gold or silver with a goldsmith / silversmith. These were people who where trusted and could afford to have other trusted people keep watch over his inventory as well as the precious metals from those who entrusted the goldsmith with their gold.  Of course the Goldsmith, received a fee for watching over other peoples precious metals. In exchange the Goldsmith / Silversmith, would give those people a receipt for the metals that he would be entrusted to protect.  It was found that people then started to trade the receipts just as well as the trade of the precious metals. This was the precursor to modern banking.

Then what happen is the Gutenberg invented the printing press. They say he was printing bibles, I say that was a cover story, just like 9/11. With the “invention” of the printing press, this allowed the banks and governments to create a giant FRAUD and at the same time cover it up. The famous Economist John Maynard Keynes said:

By a continuing process of inflation, governments can confiscate, secretly and unobserved, an important part of the wealth of their citizens. There is no subtler, no surer means of overturning the existing basis of society than to debauch the currency. The process engages all the hidden forces of economic law on the side of destruction, and does it in a manner which not one man in a million is able to diagnose.

What bitcoin does effectively is level the playing field for everyone. The great news is that because it is leveling the field there is great opportunity to CASH in on the the leveling of the playing field. For example back in July 10 2010 YOU and I too, could have bought Bitcoins for Frn$ 0.06 but we both missed it. Had you sold those same 1428.5714 bitcoins in July 10 2011 their value in Federal reserve Notes (Frn$)would have been Frn$ 21,285.77 at Frn$14.90 Fast forward to July 10 2012 the value of them would have been about $10k cause the price went down slightly to Frn$ 7.76 still a decent profit. Move forward again 1 year to July 10 2013 and the value was Frn$ 82.26 the value would have been Frn$ 117512.29 Move forward to November 29 2013 at the top of the market those same 1428.5714 bitcoins would be worth…drumroll please… Frn$ 1.59 MILLION Dollars. We both missed that one however I am not going to miss the next big one are YOU???

Morpheus has become into a Bitcoin Evangelist of sorts, he welcomes you to get more information he is available at m-o-r-p-h-e-u-s(at)t-i-t-a-n-i-a-n-s(dot)org

Jan 292014
 

I’m Five…Wats Bitcoin Daddy?

If you still can’t figure out what the heck a bitcoin is…

We’re sitting on a park bench. It’s a great day.

I have one apple with me. I give it to you.

You now have one apple and I have zero.

That was simple, right?

Let’s look closely at what happened:

My apple was physically put into your hand.

You know it happened. I was there. You were there. You touched it.

We didn’t need a third person there to help us make the transfer. We didn’t need to pull in Uncle Tommy (who’s a famous judge) to sit with us on the bench and confirm that the apple went from me to you.

The apple’s yours! I can’t give you another apple because I don’t have any left. I can’t control it anymore. The apple left my possession completely. You have full control over that apple now. You can give it to your friend if you want, and then that friend can give it to his friend. And so on.

So that’s what an in-person exchange looks like. I guess it’s really the same, whether I’m giving you a banana, a book, or say a quarter, or a dollar bill….

But I’m getting ahead of myself.


Back to apples!

Now say, I have one digital apple. Here, I’ll give you my digital apple.

Ah! Now it gets interesting.

How do you know that that digital apple that used to be mine, is now yours, and only yours? Think about it for a second.


It’s more complicated, right? How do you know that I didn’t send that apple to Uncle Tommy as an email attachment first? Or your friend Joe? Or my friend Lisa too?

Maybe I made a couple of copies of that digital apple on my computer. Maybe I put it up on the internet and one million people downloaded it.

As you see, this digital exchange is a bit of a problem. Sending digital apples doesn’t look like sending physical apples.

Some brainy computer scientists actually have a name for this problem: it’s called the double-spending problem. But don’t worry about it. All you need to know is that, it’s confused them for quite some time and they’ve never solved it.

Until now.

But let’s try to think of a solution on our own.

Ledgers

Maybe these digital apples need to be tracked in a ledger. It’s basically a book where you track all transactions — an accounting book.

This ledger, since it’s digital, needs to live in its own world and have someone in charge of it.

Say, just like World of Warcraft. Blizzard, the guys who created the online game, have a “digital ledger” of all the rare flaming fire swords that exist in their system. So, cool, someone like them could keep track of our digital apples. Awesome — we solved it!


Problems

There’s a bit of a problem though:

1) What if some guy over at Blizzard created more? He could just add a couple of digital apples to his balance whenever he wants!

2) It’s not exactly like when we were on the bench that one day. It was just you and me then. Going through Blizzard is like pulling in Uncle Tommy(a third-party) out of court(did I mention he’s a famous judge?) for all our park bench transactions. How can I just hand over my digital apple to you, like, you know— the usual way?

Is there any way to closely replicate our park bench, just you-and-me, transaction digitally? Seems kinda tough…


The Solution

What if we gave this ledger — to everybody? Instead of the ledger living on a Blizzard computer, it’ll live in everybody’s computers. All the transactions that have ever happened, from all time, in digital apples will be recorded in it.

You can’t cheat it. I can’t send you digital apples I don’t have, because then it wouldn’t sync up with everybody in the system. It’d be a tough system to beat. Especially if it got really big.

Plus it’s not controlled by one person, so I know there’s no one that can just decide to give himself more digital apples. The rules of the system were already defined at the beginning. And the code and rules are open-source—you know, kinda like the software used in your mom’s Android phone. Or kinda like Wikipedia. It’s there for the smart people to contribute to, maintain, secure, improve on, and check on.

You could participate in this network too and update the ledger and make sure it all checks out. For the trouble, you could get like 25 digital apples as a reward. In fact, that’s the only way to create more digital apples in the system.

I simplified quite a bit

…but that system I explained exists. It’s called the Bitcoin protocol. And those digital apples are the “bitcoins” within the system. Fancy!

So, did you see what happened? What does the public ledger enable?

1) It’s open source remember? The total number of apples was defined in the public ledger at the beginning. I know the exact amount that exists. Within the system, I know they are limited(scarce).

2) When I make an exchange I now know that digital apple certifiably left my possession and is now completely yours. I used to not be able to say that about digital things. It will be updated and verified by the public ledger.

3) Because it’s a public ledger, I didn’t need Uncle Tommy(third-party) to make sure I didn’t cheat, or make extra copies for myself, or send apples twice, or thrice…

Within the system, the exchange of a digital apple is now just like the exchange of a physical one. It’s now as good as seeing a physical apple leave my hand and drop into your pocket. And just like on the park bench, the exchange involved two people only. You and me — we didn’t need Uncle Tommy there to make it valid.

In other words, it behaves like a physical object.

But you know what’s cool? It’s still digital. We can now deal with 1,000 apples, or 1 million apples, or even .0000001 apples. I can send it with a click of a button, and I can still drop it in your digital pocket if I was in Nicaragua and you were all the way in New York.

I can even make other digital things ride on top of these digital apples! It’s digital after-all. Maybe I can attach some text on it — a digital note. Or maybe I can attach more important things; like say a contract, or a stock certificate, or an ID card…


So this is great! How should we treat or value these “digital apples”? They’re quite useful aren’t they?

Well, a lot of people are arguing over it now. There’s debate between this and that economic school. Between politicians. Between programmers. Don’t listen to all of them though. Some people are smart. Some are misinformed. Some say the system is worth a lot, some say it’s actually worth zero. Some guy actually put a hard number: $1,300 per apple. Some say it’s digital gold, some a currency. Other say they’re just like tulips. Some people say it’ll change the world, some say it’s just a fad.

I have my own opinion about it.

That’s a story for another time though. But kid, you now know more about Bitcoin than most.

 

Jan 012014
 

2014 The Year of Bitcoin

Patrick L Young is expert in global financial markets working in multiple disciplines, ranging from trading independently to running exchanges.Published time: December 31, 2013 05:35
Photo from www.casascius.comPhoto from www.casascius.com

Like it or love it, bitcoin has been a constant theme of headlines for the past year, as 2013 marked its coming of age.

Last year’s nerd money fad has become this year’s most talked about product.

Ultimately, nature abhors a vacuum and with western political leadership an increasingly distant memory, citizens are becoming increasingly restive about the parlous state of financial governance. Throughout the West, the ravages of quantitative easing [QE] have helped the wealthiest prosper, while ordinary citizens have struggled through a grinding economic plight, which has left voters feeling increasingly abandoned by government.

Into this void has stepped something which had been mooted for many years: a popular electronic currency. Bitcoin is filling a gap self-interested central bankers are keen to suggest doesn’t need filling. Establishment media has been wrong-footed as the Copernican Revolution in finance creates not just bitcoin but a series of parallel financial universes where independent money is at the center of commerce, as opposed to government manipulated fiat currency.

Meanwhile, bitcoin may not be the cryptocurrency the world uses in a decade and the biannual obituaries may yet prove right! As 2013 concluded, BTC’s value had multiplied albeit off its highs after the Bank of China endeavored to close the door to the threat of a backdoor floatation of the renminbi.

In reality, BTC is still remarkably small – growing exponentially from about 142 million dollars to circa 8 billion by Christmas. In other words, the total value of bitcoin amounts to the annual GDP of the Bahamas. Clearly bitcoin isn’t economically significant, yet. However, it now has its first ATM and many have bought beers, lattes and even homes with BTC this past year.

Naturally bankers of all shades are scared of losing their monopolist grip on money, yet given the vast inefficiency of their decrepit systems, it is probably already too late. Decentralized money is an idea whose time has come. Bitcoin is the breakthrough currency creating a widespread consciousness that there is an alternative to holding greenbacks, or lugging a trunk full of gold around.

 

Photo from www.casascius.comPhoto from www.casascius.com

Perhaps the most surprising thing about bitcoin is, in essence, the banality of the arguments. When all else fails, skeptics just cry tulipmania. Indeed, bitcoin bubbled and almost halved in value before the year’s end, but then again, thanks to the idiocy of the banker-government nexus in the last decade, just about every asset bubbled then and a great deal are bubbling now, like art and classic cars, thanks to QE [quantitative easing].

Yes, people steal bitcoins and these thefts are techno-mythologized by scaremongering media. Yet stealing bitcoin is just a virtual variant of traditional pickpocketing. Indeed BTC has been used to finance crime, just like the dear old anonymous bearer bond dollar is beloved of drug cartels. Some American security agencies have expressed concern about their lack of control over bitcoin, but they had an annus horribilis, during which, despite their vast overarching eavesdropping capacity, they still failed to see their own currency woes coming.

While price inflation is the first thing everybody recalls about bitcoin in 2013, what really defines its incredible year was how it slipped out of nerds’ virtual wallets into the mainstream. An 8 billion dollar asset leveraged its value to dominate the headlines and gain widespread recognition. Germany legalized it and many nations acknowledged it – even the US courts. That Norway called it an asset was seen as a dreadful slight; rather it was a splendid incremental step to wider appreciation. In the end, China and Thailand pushed back against the bitcoin juggernaut. The latter is hardly of global economic significance, while the former maintains a closed currency regime.

The year of bitcoin began with the currency on the fringes of digital society, but by the end of the year it was clearly “merging with the mainstream”. Decentralized crytocurrency is still in its infancy but the argument against central bankers’ follies is being won across the globe. After all, you can’t ‘clip’ bitcoin to degrade its value, nor can you inflate its value with QE or other flawed government policies.

2013 ended with citizens increasingly alienated from government as a monetary ally and edging closer to “In Bitcoin we Trust”. Bitcoin itself may only be the first stage of a revolution, similar perhaps to the Netscape browser at the birth of the web, or the Ford Model T which popularized automobile transport. Ultimately, however you look at it, this was the year when bitcoin made its irrevocable mark on history.

Jul 212013
 

The Entertainment Industrial Complex (EIC) a division of the Lame Stream Media (LSM) has in the past been successful at keeping the musical artistry of Jordan Page, the world’s leading activist/guitarist who sings about freedom and liberty, out of the mainstream.

I  made a decision to change this!  That’s where it all starts. With a simple decision. With that decision, and the end in mind its just a matter of backing it out.  How do I help my brother Jordan Page get the money?  Real simple I’ve got to SELL SOMETHING!

Ok, so “Morpheus”, I ask myself, “what do i have to sell?”  People who know me would say I could sell Ice to an Eskimo!  LOL.   Ok I have 2 CD’s by Jordan Page and I know where I can get CD duplications services at activist pricing.  I head to Fry’s Electronics, pick up CD’s, jackets and labels. Then it’s Burn Baby Burn (Burn the Mother Down). So I made 100 of each CD.  Quick multiplication says, I need to get 10 buck-buck-bucks from those that either know Jordan kicks ass all over, those that think that Jordan is good and have not really “Listened” to him.  Finally we have those who have never even heard of Jordan Page.  The 2 second groups are really one group, because that haven’t heard him.  Why is that?  Because Jordan is not on the list of people who get to be heard by  the Main Stream audience.  Sounds familiar? Sure sounds like the Ron Paul Revolution.  How does that go? history doesn’t repeat itself, it just rhymes a lot!

The gigantic OMG difference between the two is Jordan Page is:

  • a better performer than Ron Paul.
  • sings way better Ron Paul.
  • play guitar better than Ron Paul.
  • looks  better than Ron Paul
  • is Younger than Ron Paul.
  • And what’s more, Jordan doesn’t have an end date – like an election that will terminate the “revolution”.

I know from past projects, which have been successful, largely thanks to all my Super Hero Friends (and you know who you are), it’s all a matter of thinking backwards.  OK. Jordan Page kicks ass, and has the material to create a new CD.  I have been listening to Jordan Page play music live and recording and HE GETS BETTER EVERY SINGLE TIME!

So, I encourage you to send me $10.00, and in return I will send you a Jordan Page CD. Or, better yet, buy a bunch and resell them to get the word out about this amazingly talented activist!

  • Jordan needs $4,000 for studio time to make his next CD. And we want to give him all  the support we can.
  • Visit Jordan’s website to learn more about his music and his message.
  • Please address PayPal payments to: freetitanians@yahoo.com with a memo that says “Jordan”.
  • Please address BitCoin payments to 1HsxEaawHEf2nAcNnqWe2EccMqpDvE4Uik
  • Then contact Cronus#*@*#titanians.org with your address so you can get the CD of your choice.
  • And be sure to listen to “Declare Your Independence with Ernest Hancock” 7/22 – 6 to 9 am MST. Morpheus co-hosting the will be sitting in for Ernie for an all Jordan Page musical extravaganza.

 More to come SOON!

May 232013
 

SAN JOSE, Calif. (CNNMoney)

How big is Bitcoin?

The power of all the computers networked together to maintain the digital currency’s system far exceeds the combined processing strength of the top 500 most powerful supercomputers.

Easily. The matchup isn’t even close.

There have been lots of stories about Bitcoin in the past few months thanks to its rapid price rise — from $5 a year ago for 1 bitcoin to a record high of $266 in April, before falling back to around $122 today.

Bitcoin’s price moves attract the most interest, but the system’s infrastructure is its most fascinating aspect. The crypto currency dreamed up in 2009 by a still-anonymous hacker is now one of the world’s most expansive large-scale computing pioneers.

At any given moment, Bitcoin’s peer-to-peer network contains thousands of computers linked together to generate more than 1,000 petaflops of raw computing power. To put that in perspective, the world’s fastest supercomputer, Titan, runs at less than 18 petaflops. The Bitcoin network is sucking down nearly $200,000 a day in electricity costs, according to one tracking site’s estimate.

That’s stunning for an “economy” that sprang into being just four years ago, when an inventor using the pseudonym “Satoshi Nakamoto” released the system’s source code on a cryptography mailing list.

Related story: You can spend bitcoins at your local mall

Nakamoto built in an ingenious lure to draw in computing power. Bitcoins are “created” in batches every 10 minutes by an algorithm designed to eventually release a finite total of 21 million bitcoins. So far, 11 million have been released. The final coin won’t be minted until 2140.

Computers compete to get hold of those new bitcoins by solving mathematical problems of increasing complexity. Whoever does it first gets the coins.

Those same computers maintain Bitcoin’s “blockchain,” the public ledger that stores and verifies all of Bitcoin’s transaction records. As the network grows more powerful, so do the safeguards that prevent Bitcoin’s economy from being manipulated — or erased.

Related story: Strategist predicts end of Bitcoin

In the early days, a standard PC could successfully “mine” for coins and occasionally snag a handful. Today, mining is dominated by pros running custom-built computers with stunning amounts of power. It’s essentially an arms race, and the weapons have escalated fast.

So have the stakes they’re playing for. At $122 per coin, the 3,600 coins “minted” each day are collectively worth more than $430,000. The entire Bitcoin “economy” has a market cap of nearly $1.4 billion.

That kind of cash has drawn new players into the fold.

Two venture capital firms announced dedicated Bitcoin funds last week, and several others unveiled multimillion-dollar investments in buzzed-about startups like BitPay ($2 million from Founders Fund) and BitInstant ($1.5 million, led by the Winklevoss twins of Facebook (FB) fame).

“This isn’t a bubble or tulip mania,” said Tyler Winklevoss in a keynote talk at last weekend’s Bitcoin 2013, a conference that brought together more than 1,000 Bitcoin developers, speculators, entrepreneurs and enthusiasts. “This is rapid adoption. This is a rush.”

Keeping up with the rush will be the big challenge this year. Bitcoin’s growth is stress-testing the system in unprecedented ways. A key concern? The volume of bitcoin transactions — currently hovering around 60,000 per day — is doubling roughly every four months. If it doubles a few more times, the system will run up against a built-in technical limit that requires significant changes to overcome.

Related story: Bitcoin exchange Mt. Gox lands in feds’ crosshairs

Gavin Andersen, the Bitcoin system’s lead developer, estimates that point is only a year or so away.

He’s also confident that the Bitcoin ecosystem is resilient enough to handle it. The Bitcoin project has been full of “chaos and drama” ever since he’s been involved, but it hasn’t yet derailed the experiment, Andersen said in a “state of the union” talk at the Bitcoin conference.

He said he’s excited to see what Bitcoin will become with the fresh infusion of entrepreneurs and developers that the currency’s rising visibility has drawn into the community.

“We’ve been on a roller coaster ride,” Andersen said. “I expect, at least for the next few years, we’re going to remain on a roller coaster ride.” To top of page

May 062013
 

Anti-Bitcoin Socialist Panel Discussion Propaganda in New Zealand

This “panel” of apologists for socialism and big Government, “discuss” all the problems with BitCoin.  What is a “social contract” exactly anyway.  Is that the one where you are sold into bondage, without your consent? And  you are required to continue to pay into a system that provides no value to you, just because this is  what you have done all your life, when you realize the whole thing is a fraud?

The first shill talks about how we are “bound” to the commitment to certain “obligations” and rules to how our “currency” actually “works”.  What if I don’t agree with being bound to obligations to supposed currency that works only for the RULING CLASS?  I am not allowed to boycott it.  Well under  the old system you get the manipulated currency that is controlled by banks and government.  If you don’t like it then there is no other choice.  With anything else if I dont want to buy a certain product or service, don’t buy it.  How can one boycott the currency? Well before BitCoin, YOU CAN’T.  This is a gigantic problem when you are a government this is a big Problem, they can not allow people to boycott them!

Shill #1 is bothered and you can see he is shuddering over the fact that it is “Free” of politics, “Free” from the “obligation” to society actually he means the Banks and Government.  He also describes FaceBook as networking system and BitCoin as an ANTI-networking system, probably because there is no central authority to get paid, every single time you make a transaction.

BitCoin is also “Highly Individualistic” It is strikingly interesting how opposed he is to the idea that individuals have rights.  All this factors make it “sinister”!  After touching on the possibility that people can conduct private transactions to buy drugs (non_government approved ones) or money laundering (private transactions) he goes back to how this contributes to the a “Highly Individualistic Society”.  A highly individualistic society is a gateway to Peace, Love, Creativity and and Ethical Society.

The double talk continues as he states “People can operate anonymously!”, “Nothing Traceable!”, “Avoid Paying Taxes!” and  “Avoid Foreign Exchange Rates!”.   He babbles on about being “bound” as a society.  Have you ever been “bound hand to foot and gagged? I have and it’s not a pleasant experience.   Do you like being Arrested?  You are bound feels great doesn’t it?  Then he goes back to sneering at a individualized Society is such a horrible thing. All of his supposed “reasons” are the exact “reasons” I support BitCoin!