What’s In Store for Bitcoin?

Nobody knows. That’s a simple answer. I’ve been glancing at ripple as well. They seem to be a decent exchange, but who knows how much more they have to run.

Last time I remember somewhat mainstream news was when it surpassed $1,200. It subsequently took a dive from there.

There wasn’t as much media attention, but it could follow the same pattern. If people think simply being traded on Wallstreet is a reason for bullishness, I could show them some charts.


Is the Fed the Lorax?

Watching the Lorax with my daughter, it leads me to think about how crazy the entire “crypto-currency” craze is. What is to keep me from creating an impostor currency? Speculation makes the “crypto-currencies”  unusable as currencies. Isn’t it crazy that to get rich, someone created their own measure of currency? And where is the Fed?

As fraud, money laundering and other shady activities occur with crypto-currencies, the Fed, the IRS, the government stands by. They are as helpless and useless as the Lorax was at keeping the trees safe. All around us, people are gaming the system while honest people who use honest money are trudging along.

Perhaps this is just a disruptor. Perhaps it’s out of the Fed’s league. Perhaps the Fed’s wait and see approach is to allow cryptos enough rope to hang themselves. Still, the comparison of the Lorax to the Fed seems apt. All the while, the Onceler profits as he depletes the habitat around him. People are forced to move on. The Lorax portrays himself as having some power, yet he clearly has none. Perhaps the Fed is finding that this is true for them. For all their efforts with QE, they have not been able to make much progress.

How could the fed regulate “Bitcoin”? What will they do about the cancer of other cryptos which are obvious pyramid schemes? Are they powerless?

The best of times

There has never been a better time to be alive! Even I didn’t believe this phrase, but now I believe it. This is an age of much discovery and progress. The opportunities are all around us if we just look around us. The innovation will free up our time to create more innovation. Tomorrow will be better than today, but today is great.

There will be growing pains. We will have recessions, many will lose their jobs. Civil unrest may take hold, but from these events, the whole of humanity will benefit. Revolutions like we are seeing in Venezuela and Syria are the result of a more informed society, and that is good. Dictators are holding onto power as long as they can, but they will not be able to for long.

In this writing, I will focus on the good things happening all around us. The innovations, progress and overall good news for those who are concerned that they may lose in this new economy.

The biggest thing is to not let fear overtake your heart. Fear is the enemy to faith. Fear and doubt cannot abide at the same time. Politicians and other influencers use fear as a way to control. Sure, change is scary. Being out of your comfort zone is scary, but time and progress will march on with or without us. The time is now to embrace the future.

Reflection of Geology

Reflection of Geology 1010

In this class we have explored anywhere from the center of the earth to see how rocks are formed, to the surface of the earth to learn how to read a map and find landmarks. We have studied the influence that man has on the earth and how naturally occurring events can change the landscape. The earth is constantly changing from within and without. I would like to focus on the study of earthquakes.

Earthquakes are a common occurrence caused mainly by plate tectonics. Even the “firm foundations” of bedrock are not as firm as once thought. The earth is made up of several layers but the main layers are the crust, the mantle, the outer core, and the inner core. The crust sits on the mantle, but even rock can melt and transform. This causes continental drift.

The theory widely accepted is that all of the earth was gathered in one body at some point. Rather than having 7 continents and thousands of islands, all the earth was one big continent. However, because of continental drift, the earth was split up. The theory of plate tectonics is that all of the crust sits on a shifting mantle. Since it is ever shifting fractures in the crust can form and can collide with one another. Plates can also drift apart. Any time plates collide or separate, there can either be an earthquake, volcano may form, or both.

Because of the large amount of forces acting on the earth to cause it to shift, the damage to the surface of the earth can be devastating. While no place is immune to earthquakes, there are a few things that can be done to minimize the effects of the earthquakes and a few precautions people can make if an earthquake strikes.

One of the major causes of deaths in an earthquake is man made structures falling on top of people and killing them. Others include gas lines that may break and power lines landing on them, causing fires. Tsunamis are also a big threat to those who live near the ocean. As we have had devastating earthquakes recently in Haiti, Japan, and Turkey, it is good to know what to do in case of an earthquake. Some of the things we discussed in order to avoid injury are to stay in a building if you are inside and to not enter a building if you are outside. Also, it is good to remember that just because the first wave is over, the earthquake is not over so to wait out all the phases of the earthquake in the safest place possible.

Geology is a valuable study for all of society. Because of what we know about earthquakes and what we are learning every day, we are able to make more earthquake resistant buildings and predict earthquakes in certain places (though we may not know when they will hit). Besides the knowledge that geology can give us about earthquakes, we can also find and mine precious metals and fossil fuels more efficiently and effectively. We can better understand why landslides happen. We can know what causes volcanos to erupt. We can find out where a good place to build structures and where to avoid building. We can find solutions for many other problems that face us today.