Lifeboat Foundation

National currencies

Continue reading “The Unconventional Way Bitcoin Can Make You Wealthy” »

Can ‘hoarding’ be defined?

Robert LeFevre once joked that while he was courting his soon-to-be-wife, he was impressed when she told him how much she loved money. Yet after they were married, it turned out that she really didn’t love money. In fact, she would try to find any excuse to get rid of it… in her shopping sprees, of course! Apparently money is no different than other goods and services; you trade one for the other. You trade the lesser valued good for the more valued good. When you make a purchase, you make a choice. You value your money less than the good you are buying. Similarly, when you refrain from purchasing an item, the indication is that your money is of more value than the foregone good. This is the basic premise in anticipation of a transaction, that both sides benefit – otherwise the transaction would not take place.

Continue reading “On the ‘Evil’ of Hoarding” »

Money’s characteristics

Money enabled people in early stages of civilization to go from direct exchange, with difficulties such as the double-coincidence of wants, to indirect exchange. This improved mechanism paved the way for facilitating man’s specialization in his tasks, thereby enabling division of labor within society since each specialized laborer was able to trade his goods for others indirectly with the use of a medium of exchange. Money has taken many forms but there are certain characteristics all forms should have. Aristotle, for instance provided the following four:

Continue reading “The Benefit of Specialization – Bitcoin as an Invented Currency” »

So what is Bitcoin, anyway?

Bitcoin is a virtual currency. It is a string of 1s and 0s, much like a lot of what we interact with in this day and age. It’s something new. It’s unique. It’s controversial. The detractors say it’s only useful for terrorists or drug lords who want to move money around undetected, which no doubt they do. But much like the Internet is so much more than pornography, so is Bitcoin so much more than drug money. E-mail liberated the letter from the postage stamp, Skype liberated telephone calls from crippling AT&T long-distance rates, Facebook liberated photos from the dusty photo album sitting on your shelf unopened. You can think of Bitcoin as what will liberate financial transactions from the grip of the financial institutions and the state.

Continue reading “Bitcoin and its Value” »

Just five years ago, anybody who spoke of technological unemployment was labeled a luddite, a techno-utopian, or just simply someone who doesn’t understand economics. Today things are very different – anybody from New York Times columnist Tom Friedman to CBS are jumping on the bandwagon.

We have come to believe that we are dependent on governments and corporations for everything, and now that technology is ever more pervasive, our dependence on them is even stronger. And of course we don’t question the cycle of labor-for-income, income-for-survival and the conspicuous consumption model that has become dominant in virtually every country – and that not only is ecologically unsustainable, but it also generates immense income inequality.

Well, I do. I challenge the assumption that we should live to work, and even that we should work to live, for that matter. In an age where we already produce more than enough food, energy, and drinkable water for 7 billion people with little to no human labour, while 780 million lack access to clean water and 860 million are suffering from chronic hunger, it follows that the system we have in place isn’t allocating resources efficiently. And rather than going back to outdated ideologies (i.e. socialism), we can try new forms of societal structure; starting with open source philosophy, shared knowledge, self-reliance, and sustainable communities.

There are many transitional steps that we can take – reduced workweek, reform patent and copyright laws, switch to distributed and renewable energies – and there will be bumps along the road, no doubt. But if we move in the right direction, if we are ready to abandon ideologies and stick to whatever works best, I think we will prevail – simply because we will realise that there is no war other than the one we are fighting with ourselves.

I have seen the future of Bitcoin, and it is bleak.

The Promise of Bitcoin

If you were to peek into my bedroom at night (please don’t), there’s a good chance you would see my wife sleeping soundly while I stare at the ceiling, running thought experiments about where Bitcoin is going. Like many other people, I have come to the conclusion that distributed currencies like Bitcoin are going to eventually be recognized as the most important technological innovation of the decade, if not the century. It seems clear to me that the rise of distributed currencies presents the biggest (and riskiest) investment opportunity I am likely to see in my lifetime; perhaps in a thousand lifetimes. It is critically important to understand where Bitcoin is going, and I am determined to do so.

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I continue to survey the available technology applicable to spaceflight and there is little change.

The remarkable near impact and NEO on the same day seems to fly in the face of the experts quoting a probability of such coincidence being low on the scale of millenium. A recent exchange on a blog has given me the idea that perhaps crude is better. A much faster approach to a nuclear propelled spaceship might be more appropriate.

Unknown to the public there is such a thing as unobtanium. It carries the country name of my birth; Americium.

A certain form of Americium is ideal for a type of nuclear solid fuel rocket. Called a Fission Fragment Rocket, it is straight out of a 1950’s movie with massive thrust at the limit of human G-tolerance. Such a rocket produces large amounts of irradiated material and cannot be fired inside, near, or at the Earth’s magnetic field. The Moon is the place to assemble, test, and launch any nuclear mission.

Continue reading “Petition for Americium Emergency Stockpile” »

I was recently accused on another blog of repeating a defeatist mantra.

My “mantra” has always been WE CAN GO NOW. The solutions are crystal clear to anyone who takes a survey of the available technology. What blinds people is their unwillingness to accept the cost of making it happen.
There is no cheap.

Paul Gilster comments on his blog Centauri Dreams, concerning Radiation, Alzheimer’s Disease and Fermi;

“Neurological damage from human missions to deep space — and the study goes no further than the relatively close Mars — would obviously affect our planning and create serious payload constraints given the need for what might have to be massive shielding.”

Continue reading “Water, Bombs, WE CAN GO NOW” »

If, we as a community, are intending to accelerate the development of interstellar travel we have to glower at the record and ask ourselves some tough questions. First, what is the current record of the primary players? Second, why is everyone afraid to try something outside the status quo theories?

At the present time the primary players are associated with the DARPA funded 100-Year Starship Study, as Icarus Interstellar who is cross linked with The Tau Zero Foundation and Centauri Dreams is a team member of the 100YSS. I was surprised to find Jean-Luc Cambier on Tau Zero.

Gary Church recently put the final nail in the Icarus Interstellar‘s dreams to build a rocket ship for interstellar travel. In his post on Lifeboat, Cosmic Ray Gorilla Gary Church says “it is likely such a shield will massive over a thousand tons”. Was he suggesting that the new cost of an interstellar rocket ship is not 3.4x World GDP but 34x or 340x World GDP? Oops!

Let us look at the record. Richard Obousy of Icarus Interstellar and Eric Davis of Institute for Advanced Studies claimed that it was possible, using string theories to travel at not just c, the velocity of light but at 1E32c, or c multiplied by a 1 followed by 32 zeros. However, Lorentz-FitzGerald transformations show that anything with mass cannot travel faster than the velocity of light. Note that Lorentz-FitzGerald is an empirical observation which was incorporated into Einstein’s Special Theory of Relativity.

Continue reading “Gravity Modification – What Is The Record?” »