A friend wrote me saying he was coming up from the city this weekend and was there anything I’d like. I was thinking along the lines of “A check for a million dollars would be nice.”
Later in the day I was listening to a podcast on the way to town, and I heard:
Those who speak of faith (even without “radical self-understanding”) are involved with the Principle of Divine Communion, because they somehow “know” that the “twenty watts” of their ordinary life contain practically nothing of the Vast Power of Existence. Faith is the presumption of the Vast Power, the “Unlimited Wattage” of the One Divine Reality. The “Narcissistic” hope for the goods of life–“God, I want you to give me a million dollars”–is not faith. Faith is leaving behind the limited principle of the body-mind-“self” and the “world”, and presuming the Greater Principle of the Self-Existing and Self-Radiant Divine Reality.
from MY “BRIGHT” SIGHT, by His Divine Presence, Avatar Adi Da Samraj, from the talk, “Guru, Faith, and Divine Communion”, page 9.
This is a short excerpt from Venture Capitalist Chamath Palihapitiya on CNBC, Dec 12, 2017.
I wrote an article about bitcoin in 2013. There is so much asymmetric upside here. This is a thing that goes to roughly the value of gold. There’s very little downside.
Take 1% of your money and put it into schmuck insurance. This is now a confidence game, this is a hedge against autocratic regimes and banking structures that are corrosive to how the world needs to work properly. You cannot have central banks infinitely printing currency, you cannot have guys with misdirected and misguided fiscal policy…
So we’ve seen the first few chapters of this and now we have to see the great unwind. [Referring to QT: quantitative tightening]
All I’m saying is its a hedge against the infrastructure that made those decisions without our input is a smart thing.
I think 1 bitcoin will be worth $100,000 in 3 to 4 years, and in the next 20 years, a million dollars a coin.
Former Facebook Exec Chamath Palihapitiya On Social Media, Bitcoin, And Elon Musk (Full) | on CNBC.
Here’s the link: 10:20 in, Let’s Talk Bitcoin:
Step 1: Find the best rated “Google Analytics” book on Amazon Search
OK, I found a couple books: Web Analytics 2.0, and Web Analytics: An Hour A Day, both by Avinash Kaushik. Looking good, but really old in internet years. I remember making a point to study the first book a long time ago…
Step 2: Google him!
I found a few interesting things: 1) his website is called Occam’s Razor. It formed the basis for his books, so I should be able to get a lot of info from them.
Next I found: “5 Avinash Kaushik blogs every digital marketer should read” in google search. Why not?! I’m getting distracted.
In signing up for Avinash’s newsletter, he refers me to an article featuring an icon of the design industry: Dieter Rams: Ten Principles of “Good Design”, one can’t go wrong studying Dieter!
So, time to do the “hour a day” in reading up on this. (Only problem, I’m already overbooked!)
Everything altogether is trying to be a revelation for you. It is just that you are not sensitive to it in your ordinary habit. The shaman, you see, has entered into a discipline to make himself sensitive. It is not that he is making the magic happen. The magic is already there. He is just not sensitive to it, not in a position to observe it. Thus, he must engage in a discipline that enables him to participate in what is already happening. Then all of a sudden he sees all kinds of magical things.
–the World-Friend, Adi Da, from The Transmission of Doubt, Talks and Essays on the Transcendence of Scientific Materialism through Radical Understanding, page 239
Today on March 16, 2018 bitcoin is sitting at $8,550 USD. Here we have a couple of my favorite investors throwing shade at bitcoin. What’s interesting is that the crypto industry is actually going thru the necessary growing pains of regulation and use scaling. Because both bitcoin and ethereum are testing their scaling solutions (to compete with banks & visa/mastercard, etc), both are poised for more use adoption this year.
So here’s the FUD:
In February, Berkshire Hathaway, Inc. (BRK.A, BRK.B) vice chairman Charlie Munger had harsh words for bitcoin at the Berkshire annual shareholder meeting.
“It’s just disgusting. Bitcoin is noxious poison,” Munger said. Billionaire Berkshire CEO Warren Buffett once famously called bitcoin “a mirage.”
And the Foresight:
Still, bitcoin has plenty of supporters on Wall Street. Fundstrat Global Advisors co-founder Thomas Lee[WD] says Fundstrat’s bitcoin misery index suggests the sell-off is an excellent buying opportunity for long-term investors.
“The BMI is telling us to keep the negative headlines in perspective,” Lee said, according to CNBC. “When the BMI is at a ‘misery’ level, future returns are very good.”
Fundstrat has a year-end price target for bitcoin of $25,000.