Comment on cryptocurrencies | Bitcoin | ETHEREUM | etc

  I will add it's still early in the crypto economies. If these don't crash bad soon, you could make real buck in short order.

Ether was 8$ at the beginning of the year, it's over 440$ now and has even reached 500$ for a bit. Litecoin was 4.33 in january, it's now 150+$. I think other cryptos have experienced similar growth, for some we're talking 1000% growth per year, year over year. Or a 1000000% or in other words(100X initial value) value increase within 2 years. If the market doesn't crash in the extremely near future, and trend remains, such a return is crazy. We're talking 1$M dollars per 10,000$ investment. Pay the IRS whatever ridiculous tax they want, even minor investment and you could have your mortgage, student loans, and credit card debt paid in full within a couple of years if there's no major crash, pull and diversify in dividend paying stock, and you'll have indefinite ever growing income for life.

Worries are the laws, and also rumors of conventional oil supply constraints starting to affect the real economy in the near future, as well as climate change, and the rumored imminent global economy crash. No telling how crypto market will respond to such.

PS 

Do not take that as financial advice, just a random comment.   If you're going to invest in this, invest wisely only what you're willing and able to lose, and don't take that last comment as financial advice either...

Comment on the blockchain tech and IP laws

The purpose of money is to help facilitate exchanges of goods and services of different value.

Goods and values can be generated out of the ether even de novo, sharing an idea does not mean we must somehow butcher our property or our minds.

The blockchain is useful for people to prove authorship and to gain fair compensation. That does not mean that it shouldn't exist in light of a world free of IP laws a world where copyright and patents are no more. Only fair attribution and compensation by fans directly to the coiner, the finder, the so-called 'creator' of the idea, WILLINGLY WILLINGLY not by THREAT OF FORCE is fair.

The same happens with many of the worlds religions, which claim God has a right to FORCED compensation under THREAT OF FORCE. That is an erroneous idea, and it simply proves these religions false. People compensate WILLINGLY WILLINGLY WILLINGLY and if you USE FORCE and THREATS to get your way, we all know that's UNFAIR.-source link

That said the physical law states that information is neither created nor destroyed, if we apply this to our digital world, this implies that ideas are discovered not created.   Naturally existing, ideas, do not belong to anyone.