Bitcoin: what a waste of resources | New Scientist

BSoV: The Minable and Deflationary ERC20

The year 2020 exposed many of the negative aspects of the current financial construct which the world relies on. On 4/9/2020, the Federal Reserve announced that they would inject another $2,300,000,000,000 (2.3 Trillion, you read that right) into the U.S. economy. With the threat of Covid-19 essentially shutting down the daily operations of the economy overnight, something HAD to be done, right? Were there any other options? Many people are expecting a $1,200 stimulus check to cushion the pockets of people affected by the mass layoffs and market collapses. I myself asked a simple question, "What are the long term consequences of diluting the market with the USD?"
This question is one that should be asked over, and over, and over by every single person who receives a paycheck from their employer or government regardless of where you reside in the world. The U.S. dollar is the dominant monetary force in the global economy, and it dictates much of the value of all things being bought, sold, and utilized in said economy. It is common and public knowledge that the dollar has been subject to inflation: in 1913, the same $100 you had then would only have the purchasing power of a about $26 today. One could expect, in theory, that this number will diminish even more because of the drastic amount of USD injection occuring because of this pandemic. Most people cant afford basic necessities because of this ridiculous level of inflation caused at the hands of the Fed.
As many of you know, Satoshi Nakamoto had a response to this type of stimulus and bailout system the Federal Reserve has created and enlisted at any opportunity to respond to a crisis. It was called Bitcoin, and today it has become a financial power to be reckoned with. It has brought governments to terms with the fact that their systems are not efficient, along with putting power back into the peoples hands when it comes to controlling and utilizing their own money. There are no restrictions on how much Bitcoin you can send. There are no restrictions on whom you can send it to, and there are no ways to hide whom you've sent it to using blockchain technology and cryptography to secure its network and create a database of all transactions. The creation of Bitcoin was an answer to many of the problems with the financial system.
On June 17th, 2019, a person under the pseudonym "Mundo" also tried to provide an answer to some of these problems with a laser focus on inflation. The solution he proposed (we have not seen the long term benefits, so the solution is not quite yet an answer) is BSoV, or BitcoinSoV (Bitcoin Store of Value). BSoV is an ERC20 token which utilizes the EIP918 protocol first utilized by a similar token called 0xBTC. EIP918 allows both BSoV and 0xBTC to be minable on the Ethereum blockhain via a smart contract. Following the same distribution model, consensus mechanism, and total supply of Bitcoin (Fair Start, meaning no ICO, Premine, or developers fees; Mined using PoW, specifically Solidity SHA3; 21,000,000 total supply, 3.6 million mined thus far, divisible to 8 decimal points, with the same amount of halving eras as BTC) BSoV differs in one very different way: a 1% transaction burn built into its code.
With BSoV, every transaction is subject to a mandatory 1% transaction burn when a transaction is sent and confirmed on the Ethereum blockchain. The deflationary mechanism is the solution that Mundo proposed as an answer to the inflation the peoples money is exposed to because of the negligent actions of the Fed. This inflation is created out of the control of the people, and their purchasing power is diminished. With BSoV, the deflationary aspect is out of there control, but the end result is the opposite; an increase in its value due to scarcity and exchange of resources from its consensus mechanism. (This is a great scholarly article which details how mining provides a bottom value to PoW coins/tokens due to resource exchange, ie. Computing power, electricity, etc. https://www.sciencedirect.com/science/article/abs/pii/S0736585315301118)
It's important to note that the project has not been around long enough to see its end goal or vision come to fruition. This is precisely why I am writing this article. More is needed to help study and analyze if this is the answer to this problem. What I can say is that this is one of the few real potential answers that have been proposed, created and implemented to try and combat the Fed. With mass adoption, can we have a true store of value solution that protects itself from the self burdening negligence of the powers that be? Do we have to keep loaning our money to banks to invest for free, only for them to need a bailout every 10-20 years due to poor monetary management and investing sprees? An immutable smart contract that cannot be 51% attacked or controlled by those in power might be worth pursuing.
I'd like to end this article on a more transparent note about myself and my involvement with the project to help shed light on any apparent bias or misconceptions that some may have about my intentions here. I am one of 950 current holders and community members. I mined BSoV after I joined the telegram group and got involved on July 4th, 2019. I have never been paid for my work here, and it is strictly something that I believe in and want to help shed light on to those who might be interested in what the project has to offer. Just like many of the cryptocurrency enthusiast on the on P2P mailing list in 2009, many of us are working together tirelessly to bring one of the few tokens with integrity, transparency and ethics to those who want to experiment and see what may happen.
Something that I have also asked my self is "Whats the worst that can happen?" when it comes to my involvement here.
If the worst is a little time wasted on something I believed in, I will sleep fine at night. But if I am so fortunate to be apart of something that could truly change lives and alter the never-ending downtrend of inflation which has made life so difficult for the average human being, I will have a better nights sleep than I could have ever imagined.
Thank you for your time. I wish all of you health, wealth, and safety during this difficult time.
Sincerely,
BSoV_Chris
(You can find out more @ BSoV.io)
submitted by Chrisc9234 to ethtrader [link] [comments]

BSoV: The Minable and Deflationary Token

The year 2020 exposed many of the negative aspects of the current financial construct which the world relies on. On 4/9/2020, the Federal Reserve announced that they would inject another $2,300,000,000,000 (2.3 Trillion, you read that right) into the U.S. economy. With the threat of Covid-19 essentially shutting down the daily operations of the economy overnight, something HAD to be done, right? Where there any other options? Many people are expecting a $1,200 stimulus check to cushion the pockets of people affected by the mass layoffs and market collapses. I myself asked a simple question, "What are the long term consequences of diluting the market with the USD?"
This question is one that should be asked over, and over, and over by every single person who receives a paycheck from their employer or government regardless of where you reside in the world. The U.S. dollar is the dominant monetary force in the global economy, and it dictates much of the value of all things being bought, sold, and utilized in said economy. It is common and public knowledge that the dollar has been subject to inflation: in 1913, the same $100 you had then would only have the purchasing power of a about $26 today. One could expect, in theory, that this number will diminish even more because of the drastic amount of USD injection occuring because of this pandemic. Most people cant afford basic necessities because of this ridiculous level of inflation caused at the hands of the Fed.
As many of you know, Satoshi Nakamoto had a response to this type of stimulus and bailout system the Federal Reserve has created and enlisted at any opportunity to respond to a crisis. It was called Bitcoin, and today it has become a financial power to be reckoned with. It has brought governments to terms with the fact that their systems are not efficient, along with putting power back into the peoples hands when it comes to controlling and utilizing their own money. There are no restrictions on how much Bitcoin you can send. There are no restrictions on whom you can send it to, and there are no ways to hide whom you've sent it to using blockchain technology and cryptography to secure its network and create a database of all transactions. The creation of Bitcoin was an answer to many of the problems with the financial system.
On June 17th, 2019, a person under the pseudonym "Mundo" also tried to provide an answer to some of these problems with a laser focus on inflation. The solution he proposed (we have not seen the long term benefits, so the solution is not quite yet an answer) is BSoV, or BitcoinSoV (Bitcoin Store of Value). BSoV is an ERC20 token which utilizes the EIP918 protocol first utilized by a similar token called 0xBTC. EIP918 allows both BSoV and 0xBTC to be minable on the Ethereum blockhain via a smart contract. Following the same distribution model, consensus mechanism, and total supply of Bitcoin (Fair Start, meaning no ICO, Premine, or developers fees; Mined using PoW, specifically Solidity SHA3; 21,000,000 total supply, divisible to 8 decimal points, with the same amount of halving eras as BTC) BSoV differs in one very different way: a 1% transaction burn built into its code.
With BSoV, every transaction is subject to a mandatory 1% transaction burn when a transaction is sent and confirmed on the Ethereum blockchain. The deflationary mechanism is the solution that Mundo proposed as an answer to the inflation the peoples money is exposed to because of the negligent actions of the Fed. This inflation is created out of the control of the people, and their purchasing power is diminished. With BSoV, the deflationary aspect is out of there control, but the end result is the opposite; an increase in its value due to scarcity and exchange of resources from its consensus mechanism. (This is a great scholarly article which details how mining provides a bottom value to PoW coins/tokens due to resource exchange, ie. Computing power, electricity, etc. https://www.sciencedirect.com/science/article/abs/pii/S0736585315301118)
It's important to note that the project has not been around long enough to see its end goal or vision come to fruition. This is precisely why I am writing this article. More is needed to help study and analyze if this is the answer to this problem. What I can say is that this is one of the few real potential answers that have been proposed, created and implemented to try and combat the Fed. With mass adoption, can we have a true store of value solution that protects itself from the self burdening negligence of the powers that be? Do we have to keep loaning our money to banks to invest for free, only for them to need a bailout every 10-20 years due to poor monetary management and investing sprees? An immutable smart contract that cannot be 51% attacked or controlled by those in power might be worth pursuing.
I'd like to end this article on a more transparent note about myself and my involvement with the project to help shed light on any apparent bias or misconceptions that some may have about my intentions here. I am one of 927 current holders and community members. I mined BSoV after I joined the telegram group and got involved on July 4th, 2019. I have never been paid for my work here, and it is strictly something that I believe in and want to help shed light on to those who might be interested in what the project has to offer. Just like many of the cryptocurrency enthusiast on the on P2P mailing list in 2009, many of us are working together tirelessly to bring one of the few tokens with integrity, transparency and ethics to those who want to experiment and see what may happen.
Something that I have also asked my self is "Whats the worst that can happen?" when it comes to my involvement here.
If the worst is a little time wasted on something I believed in, I will sleep fine at night. But if I am so fortunate to be apart of something that could truly change lives and alter the never-ending downtrend of inflation which has made life so difficult for the average human being, I will have a better nights sleep than I could have ever imagined.
Thank you for your time. I wish all of you health, wealth, and safety during this difficult time.
Sincerely,
BSoV_Chris
(Visit https://BSoV.io for more information)
submitted by Chrisc9234 to CryptoMoonShots [link] [comments]

Could bitcoin mining pollution mean the end of bitcoin? What if bitcoin was banned due to wasting resources? Secondly, what might happen to the world if bitcoin were suddenly banned and rates plummeted?

Something which I feel is being overlooked or unseen by the governments is the amount of pollution needlessly caused by bitcoin, what if one day, let's say that the World Health Organisation claims that bitcoin is a waste of resources and is needlessly causing pollution worsening the impact of climate change...
I personally would be afraid to have a large number of bitcoins due to this possibility.
This has made me wonder about what might happen to the world if we woke up and bitcoin was banned... mass-suicides? Economic collapse? What might pursue?
EDIT: Let me phrase it this way, would it be legal for me to buy a factory and produce as much pollution as I like, just for the sake of it, the factory serves no purpose just to produce pollution, would this be allowed? If no, then something should be done about that. If yes, then let me rephrase that, would it be legal for me to buy a factory and fill it with computers, which then click a cookie needlessly to earn points, thereby creating pollution by wasting resources, would this be allowed?
EDIT 2: I've just read something extremely alarming, bitcoin mining will cease in over 100 years time, and rate of miners is increasing.
" Currently it is expected that the next halving will occur in May 2020 - dropping the reward to 6.25 BTC. If the Bitcoin protocol remains the same and halving is consistent, Bitcoin is expected to reach the total supply cap in 2140 – still more than 100 years to go. "
https://blog.liquid.com/how-many-bitcoins-are-there-and-when-will-they-all-be-mined
If bitcoin were to continue at the rate of using 0.06% of the worlds energy consumption, then that would mean that by the time it is 2140 and all bitcoin is mined, we would have spent 7.2 years using all of our worlds energy resources on solving mathematical equations to generate a virtual number,
7.2 years of pollution.
If you consider that they are cracking down harder on pollution, do you not think that this will be eradicated before 2140, 120 years from now? Personally, I would avoid bitcoin. It is too risky, I think everyone is jumping the gun reassured by bitcoin supporters.
submitted by acosta1997 to Bitcoin [link] [comments]

BSoV: The Minable and Deflationary Token

The year 2020 exposed many of the negative aspects of the current financial construct which the world relies on. On 4/9/2020, the Federal Reserve announced that they would inject another $2,300,000,000,000 (2.3 Trillion, you read that right) into the U.S. economy. With the threat of Covid-19 essentially shutting down the daily operations of the economy overnight, something HAD to be done, right? Where there any other options? Many people are expecting a $1,200 stimulus check to cushion the pockets of people affected by the mass layoffs and market collapses. I myself asked a simple question, "What are the long term consequences of diluting the market with the USD?"
This question is one that should be asked over, and over, and over by every single person who receives a paycheck from their employer or government regardless of where you reside in the world. The U.S. dollar is the dominant monetary force in the global economy, and it dictates much of the value of all things being bought, sold, and utilized in said economy. It is common and public knowledge that the dollar has been subject to inflation: in 1913, the same $100 you had then would only have the purchasing power of a about $26 today. One could expect, in theory, that this number will diminish even more because of the drastic amount of USD injection occuring because of this pandemic. Most people cant afford basic necessities because of this ridiculous level of inflation caused at the hands of the Fed.
As many of you know, Satoshi Nakamoto had a response to this type of stimulus and bailout system the Federal Reserve has created and enlisted at any opportunity to respond to a crisis. It was called Bitcoin, and today it has become a financial power to be reckoned with. It has brought governments to terms with the fact that their systems are not efficient, along with putting power back into the peoples hands when it comes to controlling and utilizing their own money. There are no restrictions on how much Bitcoin you can send. There are no restrictions on whom you can send it to, and there are no ways to hide whom you've sent it to using blockchain technology and cryptography to secure its network and create a database of all transactions. The creation of Bitcoin was an answer to many of the problems with the financial system.
On June 17th, 2019, a person under the pseudonym "Mundo" also tried to provide an answer to some of these problems with a laser focus on inflation. The solution he proposed (we have not seen the long term benefits, so the solution is not quite yet an answer) is BSoV, or BitcoinSoV (Bitcoin Store of Value). BSoV is an ERC20 token which utilizes the EIP918 protocol first utilized by a similar token called 0xBTC. EIP918 allows both BSoV and 0xBTC to be minable on the Ethereum blockhain via a smart contract. Following the same distribution model, consensus mechanism, and total supply of Bitcoin (Fair Start, meaning no ICO, Premine, or developers fees; Mined using PoW, specifically Solidity SHA3; 21,000,000 total supply, divisible to 8 decimal points, with the same amount of halving eras as BTC) BSoV differs in one very different way: a 1% transaction burn built into its code.
With BSoV, every transaction is subject to a mandatory 1% transaction burn when a transaction is sent and confirmed on the Ethereum blockchain. The deflationary mechanism is the solution that Mundo proposed as an answer to the inflation the peoples money is exposed to because of the negligent actions of the Fed. This inflation is created out of the control of the people, and their purchasing power is diminished. With BSoV, the deflationary aspect is out of there control, but the end result is the opposite; an increase in its value due to scarcity and exchange of resources from its consensus mechanism. (This is a great scholarly article which details how mining provides a bottom value to PoW coins/tokens due to resource exchange, ie. Computing power, electricity, etc. https://www.sciencedirect.com/science/article/abs/pii/S0736585315301118)
It's important to note that the project has not been around long enough to see its end goal or vision come to fruition. This is precisely why I am writing this article. More is needed to help study and analyze if this is the answer to this problem. What I can say is that this is one of the few real potential answers that have been proposed, created and implemented to try and combat the Fed. With mass adoption, can we have a true store of value solution that protects itself from the self burdening negligence of the powers that be? Do we have to keep loaning our money to banks to invest for free, only for them to need a bailout every 10-20 years due to poor monetary management and investing sprees? An immutable smart contract that cannot be 51% attacked or controlled by those in power might be worth pursuing.
I'd like to end this article on a more transparent note about myself and my involvement with the project to help shed light on any apparent bias or misconceptions that some may have about my intentions here. I am one of 927 current holders and community members. I mined BSoV after I joined the telegram group and got involved on July 4th, 2019. I have never been paid for my work here, and it is strictly something that I believe in and want to help shed light on to those who might be interested in what the project has to offer. Just like many of the cryptocurrency enthusiast on the on P2P mailing list in 2009, many of us are working together tirelessly to bring one of the few tokens with integrity, transparency and ethics to those who want to experiment and see what may happen.
Something that I have also asked my self is "Whats the worst that can happen?" when it comes to my involvement here.
If the worst is a little time wasted on something I believed in, I will sleep fine at night. But if I am so fortunate to be apart of something that could truly change lives and alter the never-ending downtrend of inflation which has made life so difficult for the average human being, I will have a better nights sleep than I could have ever imagined.
Thank you for your time. I wish all of you health, wealth, and safety during this difficult time.
Sincerely,
BSoV_Chris
(Visit https://BSoV.io for more information)
submitted by Chrisc9234 to CryptoCurrencies [link] [comments]

BSoV: The Minable and Deflationary Token

The year 2020 exposed many of the negative aspects of the current financial construct which the world relies on. On 4/9/2020, the Federal Reserve announced that they would inject another $2,300,000,000,000 (2.3 Trillion, you read that right) into the U.S. economy. With the threat of Covid-19 essentially shutting down the daily operations of the economy overnight, something HAD to be done, right? Were there any other options? Many people are expecting a $1,200 stimulus check to cushion the pockets of people affected by the mass layoffs and market collapses. I myself asked a simple question, "What are the long term consequences of diluting the market with the USD?"
This question is one that should be asked over, and over, and over by every single person who receives a paycheck from their employer or government regardless of where you reside in the world. The U.S. dollar is the dominant monetary force in the global economy, and it dictates much of the value of all things being bought, sold, and utilized in said economy. It is common and public knowledge that the dollar has been subject to inflation: in 1913, the same $100 you had then would only have the purchasing power of a about $26 today. One could expect, in theory, that this number will diminish even more because of the drastic amount of USD injection occuring because of this pandemic. Most people cant afford basic necessities because of this ridiculous level of inflation caused at the hands of the Fed.
As many of you know, Satoshi Nakamoto had a response to this type of stimulus and bailout system the Federal Reserve has created and enlisted at any opportunity to respond to a crisis. It was called Bitcoin, and today it has become a financial power to be reckoned with. It has brought governments to terms with the fact that their systems are not efficient, along with putting power back into the peoples hands when it comes to controlling and utilizing their own money. There are no restrictions on how much Bitcoin you can send. There are no restrictions on whom you can send it to, and there are no ways to hide whom you've sent it to using blockchain technology and cryptography to secure its network and create a database of all transactions. The creation of Bitcoin was an answer to many of the problems with the financial system.
On June 17th, 2019, a person under the pseudonym "Mundo" also tried to provide an answer to some of these problems with a laser focus on inflation. The solution he proposed (we have not seen the long term benefits, so the solution is not quite yet an answer) is BSoV, or BitcoinSoV (Bitcoin Store of Value). BSoV is an ERC20 token which utilizes the EIP918 protocol first utilized by a similar token called 0xBTC. EIP918 allows both BSoV and 0xBTC to be minable on the Ethereum blockhain via a smart contract. Following the same distribution model, consensus mechanism, and total supply of Bitcoin (Fair Start, meaning no ICO, Premine, or developers fees; Mined using PoW, specifically Solidity SHA3; 21,000,000 total supply, 3.6 million mined thus far, divisible to 8 decimal points, with the same amount of halving eras as BTC) BSoV differs in one very different way: a 1% transaction burn built into its code.
With BSoV, every transaction is subject to a mandatory 1% transaction burn when a transaction is sent and confirmed on the Ethereum blockchain. The deflationary mechanism is the solution that Mundo proposed as an answer to the inflation the peoples money is exposed to because of the negligent actions of the Fed. This inflation is created out of the control of the people, and their purchasing power is diminished. With BSoV, the deflationary aspect is out of there control, but the end result is the opposite; an increase in its value due to scarcity and exchange of resources from its consensus mechanism. (This is a great scholarly article which details how mining provides a bottom value to PoW coins/tokens due to resource exchange, ie. Computing power, electricity, etc. https://www.sciencedirect.com/science/article/abs/pii/S0736585315301118)
It's important to note that the project has not been around long enough to see its end goal or vision come to fruition. This is precisely why I am writing this article. More is needed to help study and analyze if this is the answer to this problem. What I can say is that this is one of the few real potential answers that have been proposed, created and implemented to try and combat the Fed. With mass adoption, can we have a true store of value solution that protects itself from the self burdening negligence of the powers that be? Do we have to keep loaning our money to banks to invest for free, only for them to need a bailout every 10-20 years due to poor monetary management and investing sprees? An immutable smart contract that cannot be 51% attacked or controlled by those in power might be worth pursuing.
I'd like to end this article on a more transparent note about myself and my involvement with the project to help shed light on any apparent bias or misconceptions that some may have about my intentions here. I am one of 927 current holders and community members. I mined BSoV after I joined the telegram group and got involved on July 4th, 2019. I have never been paid for my work here, and it is strictly something that I believe in and want to help shed light on to those who might be interested in what the project has to offer. Just like many of the cryptocurrency enthusiast on the on P2P mailing list in 2009, many of us are working together tirelessly to bring one of the few tokens with integrity, transparency and ethics to those who want to experiment and see what may happen.
Something that I have also asked my self is "Whats the worst that can happen?" when it comes to my involvement here.
If the worst is a little time wasted on something I believed in, I will sleep fine at night. But if I am so fortunate to be apart of something that could truly change lives and alter the never-ending downtrend of inflation which has made life so difficult for the average human being, I will have a better nights sleep than I could have ever imagined.
Thank you for your time. I wish all of you health, wealth, and safety during this difficult time.
Sincerely,
BSoV_Chris
(You can find out more @ BSoV.io)
submitted by Chrisc9234 to BitcoinSoV [link] [comments]

Wealth Formula Episode 172: Ask Buck

Catch the full episode: https://www.wealthformula.com/podcast/172-ask-buck/
Buck: Welcome back to the show everyone we have a number of questions today on Ask Buck so I am gonna get with it right away the first question is from Beau Cannington. He’s a member of Investor Club and Wealth Formula Network. Here's his question.
Beau Cannington: How much of a negative impact do you think that a rising interest rate environment will have on our commercial real estate investments and specifically the syndication investments with Western Wealth Capital? Thank you very much.
Buck: So Beau good question especially on paper right makes a lot of sense that potentially rising rates could be problematic for multifamily real estate or really for any kind of real estate. But let's go back to basics first because I think it's important, a lot of people don't have a good enough understanding of this in the first place which is when does leverage help you in the first place when does it help to borrow money from the bank? Well leverage only really helps you if you're borrowing at a rate that is less than your effective cap rate and what I mean by effective cap rate is you know you're gonna constantly drive net operating income into a property if you're increasing value of the property if you're in a value-add situation. That's what we do in the Western Wealth Capital opportunities that you're talking about. But that rate at which you borrow has to constantly and always be above your effective cap rate otherwise it's gonna hurt you. All leverage does is to simply amplify the directionality of your profit or losses. So just like it makes you profit more if your effective cap rate is greater than your interest rate, if that you know that income drops to a point where now your cap rate is actually below the interest rate, it's gonna magnify your losses. So that's at a very basic level hopefully that makes sense if it doesn't real issen to it because it's critically important and for some reason you know a lot of people don't pay attention to that especially people who are just getting into real estate for the first time it's really important. Now let's talk about the idea of interest rates themselves I mean the one that most people are familiar with is the one that's on the news all the time. It's a Fed Funds rate you know people call benchmark rate whatever. It's the one that's set by the Federal Reserve and the way I think about the Fed Funds rate is that it's an indicator for whether or not the economy is healthy it's it's sort of a barometer when the rates are getting hiked the economy is in pretty good shape and the Fed is trying to prevent it from getting too hot and to you know potentially prevent inflation. On the other side when the you know Fed lowers rates, like it just did by the way, it signals some level of concern about the economy it you know suggests that maybe there's some deflationary activity going and suggest that there's some recessionary activity going on. You know ultimately the Fed rate is you know it's set by the Fed and it's it's a tool of monetary stimulus to try to control inflation and ultimately mitigate recessionary cycles so it's a way for the Fed to control the economy you know it's one of the ways that they try to control the economy one of the monetary pulse. Now the Fed Funds rate does not equate to mortgage rates I I hear a lot of people you know like on social media and stuff talking about had funds rate goes the perfect time for me to go shopper shop a loan or something like that and well you should know a little bit more than that if you're in the business of real estate and taking loans out but you know I mean I'm seeing like syndicators do that. The Fed fund rate really affects short-term and variable adjusted rates really it's really an indication of what's going on right now in this economy in the very short term. And mortgage rates of course then are far more complex mortgage rates reflect sort of a longer-term health of the economy and they're probably there's a lot that goes into them but probably the thing that you need to watch the most is the ten-year Treasury which is much more a reflection of you know the long-term rates what the market thinks to the markets gonna be in the future right so if there is a belief that there is you know inflation on the horizon you probably see those rates start to rise. Inflation tends to rise when the economy's you know hot so anyway now again so what you should be looking at is the 10-year Treasury now I'm giving you a little bit of background rather than just answering Beau’s question initially but the good news right now is that the Fed fund rate was actually cut so it's actually not going up anyway so we don't need to worry about that right now but what we we also had a big dip in the tenured Treasury so our mortgage rates are very favorable right now as well now that's interesting because that happened before the Fed cut rates you know we recently closed on something within our Investor Club and got really good rates and that was before the that was because the treasury took a dive before it took a dive right before you know the hope this whole thing in the last week or so couple weeks where there's actually a Fed rate. But let's move back again and you know to Beau’s question. Say mortgage rates were going up what would that mean and how would that affect our investments? Now presumably that would be a suggestion that the 10-year Treasury as we talked about was going up which would also be suggestive of an inflationary environment. Now here's where it's really helpful to be invested in real estate like multifamily real estate which is of course my sweet spot. Inflation also means that we raise rents more right so in other words as rates go up so to our rent. So the ten-year Treasury is reflective of inflation when we and so the rates go up but so do rents proportionally and so theoretically we should be in good shape and not worry about it too much because it's really just an adjustment for inflation if you think about it that way. Bottom line is for me personally I don't worry too much about rates when it comes to our Wealth Formula accredited investor opportunities that we're doing and one of the reasons for that is we are incredibly aggressive about value add. So we're constantly in decompression mode as well and we're you know we're locked in to some good rates here too so. Now in addition if you look at the speed at which you know some of these companies work like Western Wealth Capitals the one you mentioned and they're forcing equity into these assets like you know incredibly fast so you're in a dynamic mode of decompressing cap rates in real time and that effectively again de-leverages the asset altogether. So if you found that confusing, listen to it again. But bottom line is if you take nothing else away from this I would tell you that interest rates in general mortgage rates will reflect inflation. So if inflation is going up rates are gonna go up and vice versa and so they tend to cancel each other out don't worry about it that's what I would tell you. If anything rates going down might be potentially more of a concern simply because that's a much more of an indication of an economy that's not healthy. Now we're doing you know BC classed multifamily I still think we're positioned very well so again I don't worry about it too much. Okay let's see next question from Chris Odegard another Investor Club guy and also another Wealth Formula Network guy so Chris here you go.
Chris Odegard: Hey Buck. Chris Odegard here in Kent Washington. My question relates to asset classes. If I remember correctly from Tom Wheelwright he talks about four asset classes: paper or commodities, real assets, real estate real assets aka real estate and businesses. So I believe that you know if I'm a shareholder in coca-cola that's paper but I'm also a private shareholder in a number of small start-up businesses so because my ownership of private shares and small businesses constitute a paper asset or a business asset? And if that's still a paper asset you know what makes you a have what makes you have an investment in business since most of the time you know if you're an owner or part owner of a small non publicly traded business it's usually their share so anyway I'm kind of struggling with the distinction between paper and a business asset classification so appreciate your help on that. Thanks.
Buck: So Chris I thinkx first of all let's back up and just say you know the reality is that these are you know these are just definitions right and there's a gray area between them and we can use them to guide us a little bit as we appropriate things into the right quote-unquote basket but you know we shouldn't get hung up on them too much but let's go back and review the definitions right so what are what are paper assets. So well let's talk about what real assets are so real assets are physical assets right and the thing that they are known for is that they have intrinsic worth due to their substance and property so precious metals commodities real estate land equipment natural resources these all have some kind of intrinsic value to them whereas paper assets would be assets where ownership’s defined only by paper like as you mentioned stocks and currencies and bonds and things like that. The reality is that in in some cases like you're talking about the definitions might not be as useful it might be a better idea to simply ask yourself in a sort of a common-sense way well what is it that I actually own? You know if you own businesses that are not asset heavy lots of you know and what I mean by assets heavy is like you know lots of machinery, stuff that you could liquidate, it's probably fair to put it in the you know the paper side of things. On the other hand if you have a business that as a significant balance sheet of stuff that could be liquidated you might actually put it in you know the real asset bucket. But I will tell you in knowing yours what you're talking about you invest in a lot of startups I would say that I personally would probably never consider an investment limited partner investment in a start-up as a real asset I mean I think the bottom line is that most of those businesses are not going to have a significant amount of equity or collateral to back your debt so there's not a lot to liquidate there's not a lot of intrinsic value in those businesses other than their ability to produce income. So that's where I would put that. Now what gives real estate and precious metals let's go back to that real status well it's ultimately again their inherent value. that it can't really be erased the way a stock price can go to zero. Or frankly if you talk about businesses what happens if the business that you're invested in Chris what if that goes to zero right? If there's no profit if there's no nothing to distribute etc it's not worth anything anymore right so that that to me is probably the biggest thing to distinguish. Although I should bring up I keep thinking about this as we're talking that you know I was listening to the Peter Schiff they still like to listen to I think he's a smart guy just you know he's a little stubborn and he's always thinking the this guy is falling which I don't I don't agree with him but you know he's on this big rampage against Bitcoin and he's been debating all these people about gold versus Bitcoin which I actually think it's kind of a silly debate because I think the gold and Bitcoin people should sort of you know be on the same side but I think you know it might be in part because Peter sells gold and it's a good opportunity to get in front of people, but one of his arguments about gold is that the reason that it has value is that it has intrinsic properties and those intrinsic properties are that it can be used you know to melt down and make stuff and I think there's true but the problem with this argument there in my opinion is that seriously for those of you who are out there like owning gold have you've owned a few ounces of gold and you store it somewhere are you seriously owning it because you know because you might be able to use it sometime or because somebody might be able to use it or are you using it because somebody thinks it has a value? I would argue that the reason you own it in most cases unless you're like a big jewelry buff or whatever is because somebody because you or you want somebody else to you know at some point pay you more for that then what you bought it for so in that respect it's not a whole lot different from like Bitcoin right like you know people the value of gold it has to do with the fact that it also has a monetary value it's really seen that way if you took that out of it and all of it was just a matter of it being jewelry it would not be worth as much as it is but anyway that's my take on that a little unrelated but I thought I would throw in that commentary. Next question let's see is from Ramin Rafie here we go.
Ramin Rafie: Hi Buck. I'm a physician general practitioner. I've been out of residency for about decade now. I have been an employed physician working for a larger corporation making house calls and a hospice director for their large healthcare organization which actually has recently been bought by an insurance company, that's a whole nother story. I actually went to medical school in California. And I've always wondered if it's feasible for me to open up my own kind of practice I don't know enough about the tax structures reimbursement etc, etc. I understand insurances are a big problem and you have to hire a lot of staff that's a waste of resources to strike to insurances but I was debating if solo practitioner doable perhaps direct primary care and if so is one better off just doing a cash face back to this and the legal structure of either having an LLC or an S corp or C Corp I don't know if you can operate on that that's gonna be I guess I need to talk to it accounts it's about that I figured I'd ask you and you might know you might not but I enjoy listening to your podcast it's amazing how many physicians up there are in the same boat. Thanks great time.
Buck: Alright so we do have a lot of physician listeners non-physicians to probably about in case you're wondering it's probably about but not just physicians but health care people right so you know physicians dentists and you know you know high doctors and you know all sorts of stuff, chiropractors and that's probably because well I've had a healthcare background myself on doing a few different kinds of surgery and stuff like that but thanks for the question. I'm gonna try to I mean there's a lot there and I think honestly the truth of the matter is I'm not necessarily an expert on all of these issues but you know some of the things I can answer I think will be relative relatively useful to anybody who's thinking about going on their own. First of all I'd say that if you're starting your own thing you know it an LLC is generally going to always be the best structure for a small business for maximum flexibility you can take, if for some reason you want to be taxed as a c-corp you could where you do an S selection so that's pretty easy. The answer your question of you know can you do it the answer is absolutely yes. There are solo practitioners out there now and you can do it and you could probably do it better and that's always generally been my philosophy when starting businesses usually I don't start businesses I'm you know I don't start businesses that have not in some way shape or form shown that they can be a success, I usually rip off somebody's idea and then pivot a little bit add a little bit something and executed and so I think to the extent that there are plenty of sole practitioners out there in California still I think it absolutely can be done. You know so your question about cash versus insurance based medicine just keeping it brief I'll tell you that it's not really an expertise of mine but by but what I can tell you is that coming out of the door with any business if it's just a cash business you're gonna have to advertise like crazy and you're gonna have to run it like a business which not everybody is ready for so the nice thing for physicians and dentists sometimes is that you know if you do take third party payers like you know these insurance companies they drive patients to your door so especially in the area of primary care there's a shortage so I don't think you'd have any trouble if you took insurance getting filled up really quickly and succeeding. Now as far as advice on how to move forward in general first you know again in this applies anybody who's starting a business and anything in my opinion, first of all finding somebody who's doing what you you know you want to do in another market and kind of copy them if you can reach out to them even better if they're not in a competing market but find in you’re case find a you know solo practitioner market that's similar to what you're trying to do and is showing a success and you know see if they're willing to spend some time with you I would offer to pay them because everybody's helpful until it's like damn I'm busy and this guy wants me to help him. But I think if you say hey now you get a successful thing there I'm looking for some help and you know looking for some consulting from a successful practice it might be useful. Another option of course is to go straight to a consultant and again this applies to every business in my opinion. Of course there's a lot of you know consultants out there. I had one for my first practice ultimately it was a cosmetic surgery business and again I ran this thing not like a medical thing, I didn't take any third-party insurance and stuff but I marketed like crazy I knew nothing about running a business or marketing when I started this the business I set out to start ended up looking nothing like the one I ended up with. What I ended up with was a lot better because I learned a lot on the job. But a lot of the back end things whether it's medical whether it's you know any kind of business or the same right I mean you've got to figure out how do you pay bills how do you set up all the systems accounting payroll and that for me where the consulting was like a really useful thing and I'm you know at the time I think I must have paid like twenty five thirty thousand dollars for and it seemed really expensive but I can tell you in any start-up situation you are much better off spending some money up front with someone holding your hand getting you started quickly and you know I have been you know. I literally have friends I have a couple of friends who've been trying to start up their own practices from multiple years now they could have been up and running in like three months if they just had paid somebody to get it done. So don't be that person you know anyway that's a message for everyone really if you have a problem, now remember this if you have a problem that you can write a check to someone to fix, you don't have a problem right? So that's the way you deal with this stuff don't spend all your time trying to deal with stupid little problems think of yourself as a you know is a thoroughbred right I mean you save yourself for you know high-value tasks. If you mess around and try to do everything yourself you're gonna end up worse I pretty much guarantee it, that goes for anyone starting any kind of business for the first time. So finally I would just say that I don't know a single I don't know a single health care provider in particular I know there's a lot of you out there with your own practice that once you have your own thing would ever go back to working for someone else or who'd ever want to go back for working for someone else, I know some of you have done it after you've sold your practice which is different you sitting on a huge chunk of cash but if you have any sort of entrepreneurial spirit and like the idea of not having limits on the upper end I would highly encourage it. All right so hopefully that's helpful and you know it's broadly I think it's broadly applicable to a lot of people who have ever contemplated any kind of entrepreneurial activities. So let's see the last one that's an actual voice one so let's do that from Ravi.
Ravi Ghanta: Hi buck this is Ravi Ghanta I just wanted to say thank you for all of your hard work and for providing such valuable information to this community. As part of the investor I've gained so much knowledge from you as well as from your guests on your podcast. Unfortunately I have not been able to attend the Meetup and I won't be able to go to the next meetup in Dallas in September, however I was wondering if you would consider creating a directory of some sort where those who are willing to provide their name their mailing address email address or even phone number to create a community where we can interact with each other you know perhaps by having this information we can even meet up with each other in different places informally, we can also discuss things you know we may all many of us are in the medical field and other specialties or other aspects of business and crafts developing contacts in that way just a thought. But once again thank you for your insightful information and I look forward to continuing to work with you. Thank you.
Buck: All right thanks Ravi. Ravi again is a member of the investor group now I don't think Ravi's part of Wealth Formula Network and that could be part of the confusion or not confusion but part of the question you answer the question which is, is there community that you could join or have you know or have some additional contact. The first thing I'm going to tell you there is that's really what Wealth Formula Network was really all about. So Wealth Formula Network is the online private community we have you know a very strong community there are a lot of people who are really just interested in connecting with one another it is of course that started out with the course and the course was with you know with Tom Wheelwright, Ken McElroy real estate guys bunch of guys I know sort of us gives you the bases gives you the foundation for things that we talk about and then we have these bi-weekly phone calls these bi-weekly phone calls are very useful they're not just phone calls they're zoom phone calls zoom video so we can see each other it's very personal and we have very in-depth conversation, people who are on in well formula Network often create relationships off line off community and that's certainly an option for you. In terms of online communities I would say that I probably wouldn't do anything else and the reason being that anytime you preside over an online community you kind of have to keep an eye on it and I I have well formula Network and that's really all I really want to focus in on I don't really want to you know monitor other sites. As far as you know people putting their information out and stuff I don't necessarily have a problem with that the thing that I worry about is if it's anywhere that people can access, I worry about your privacy because you know we have an extremely robust audience here including you know an accredited investor list of over a thousand people and if there's some like you know advisors registered advisors or you know people who are trying to get to those people they will spam you like crazy if they ever got a hold of that. But Ravi let me think about it because there could be a way to do you know to what you're talking about to a certain extent you know we certainly like I said we certainly already do this kind of thing and within Wealth Formula Network if that's of interest you check it out WealthFormulaRoadmap.com I think you'd probably really enjoy that if you enjoy the show. So all right I don't have any more video I don't have any recorded questions I have a couple of written ones I'm going to get to those the first one says is from Robert McLeod. He says I've been listening your podcast for the last couple years now I know you're a huge proponent of investing in real estate assets especially multifamily but I can't remember you've ever discussed mobile homes. I was wondering if you've looked into investing in or thought of mobile home park space. Thanks for the informative podcast. So it's a sensitive thing because I know there's a lot of people were interested in that people listen to this and friends of mine who are involved in this but you ask I'll answer. To be honest I'm not a big fan of that space right now here's why the cap rates on these things are approaching multifamily real estate right multifamily can always be improved significantly and attract higher level tenants and then areas get gentrified, they get improved I mean there's some improvement ability in mobile home parks right but it's really capped I mean think about it at some point you don't want to live in a damn mobile home anymore right. so here's a good example of you know how multifamily doesn't really have on that cap Chicago Lincoln Park is one of the like fanciest parts of Chicago's really expensive jam-packed full of mansions and stuff now, but there's also a bunch of apartment buildings that are over a hundred years old and you know forty years ago Lincoln Park was an absolute dump and it was dangerous and no one wanted to live there and then it got gentrified and all these places that were probably low income housing are now these incredibly luxurious apartments have been upgraded like crazy and now they are you know now they're multi-million dollar asset selling at ridiculous cap rates. Now tell me how do you do that with a mobile home community? You can't right. So at some point if people are doing well they want to move out of a mobile home park so you can't keep raising rents and expect people to live there so that's one reason so now so if you're capped on an appreciation of rents it's gonna cap your equity upside so now the syndicators out there that I'm seeing especially on the limited partners side are giving returns that frankly are inferior to what we're getting in multifamily an investor club by a longshot I know some of you like this area but I don't and I sure as hell would never invest in a limited partnership like this for returns that are less than double-digit again that's just me though. So finally let me just say this, my philosophy right now in general, buy quality assets don't buy crap okay. I see people posting stuff on Facebook about single family you know Class C Class D homes they bought we're supposed to cash flow like crazy and they you know all they have is problems now you know the idea is that these things might look good on numbers but when you add in the capex and paying for damages and you tenants I mean you may not cash flow at all people are losing money on this stuff left and right so there's a reason why these numbers look so good on paper because they're not good investments and people are trying to sell you them so bottom line is I'm not saying that mobile home parks are you know bad for everyone. I'm just saying that I personally look at the alternative and the alternatives from me are better. I prefer to focus on high quality assets and markets that are growing quickly right. I mean to me I mean it may be boring and repetitive what I do but I can tell you from personal experience it works and I think chasing yield in the idea of going to lower quality assets are going to tertiary markets is a very very bad idea because those are the markets those are the areas in my view that are going to suffer the most if and when there's a significant recessionary activity or market turnaround so hopefully that answers that. Next question Mark Dvorak. Hello can you talk about on your podcast about real estate professional? I feel like it's the ultimate green card to play in real estate as passive losses are you limited? Everyone only talks about this powerful designation briefly. Like the 750 hour rule, can two people count towards those? What are the max deductions and then he says for LP is what are the max deductions one can get without being a real estate professional, a show detailing all these options. Well let me just be brief about this, the reason people are briefed about it is because for the most part there the definition of real estate professional is this ok 750 hours of documented actual work in real estate like not just being a limited partner but you know looking for real estate acquiring you know talking to people whatever you got to have that 750 hours per year and it can't be two people no it has to be one person and you can't have anything that you're doing more of so it's not I've heard some people say they're gonna try to do it with a full-time job I just don't recommend it I think the IRS is gonna not take you seriously in that situation but you know you could try. In that situation of course the losses there's no cap to your losses. The beauty of it is what what you're talking about is say you have a spouse who has a W2 income that's active income but as you as a professional real estate professional all of the passive losses that you generate through depreciation where most people who are not real estate investors can only offset those against passive investments, you can offset that against active active income because your losses as a real estate professional your what would be passive loss has become activated. So if you've got $100,000 loss from real estate depreciation you could offset you know your hundred thousand dollars of your Weiss active income because you're filing jointly right. So that's that's the Holy Grail you're right I think it's a big deal and so but that's really all there is to it. I mean you have to find a CPA who can guide you on this you know I would recommend you know for somebody from WealthAbility and pretty much anybody there's gonna tell you all the right rules but really the issue with the that is you got to find a CPA who's going to tell you how to do it and then stand by you in in the event of an audit. An audit not it's not a bad you know it's not the end of the world it happens anybody's making money you gotta have somebody who is actually you know going to defend that successfully. So anyway that's it in terms of the caps about you know being a limited partner and what are some of the maximum deductions you can get without being a real estate professional the honest truth is that I don't I don't know that there's any really maximum deductions for real estate I mean listen if you have a hundred thousand dollars or two hundred thousand or a million dollars of passive income and you have those losses you have passive losses out of the same amount you could deduct it all so there's no cap at all. I mean the only thing I think there's a cap on I think charitable giving is about fifty percent you know charitable giving fifty percent but you know and then and then there's all your typical things that I don't you know I don't really get into about you know the basic accounting deductions and things like that for other things but I'll tell you from the standpoint of real estate there really is no cap on deductions, it's just you know it's what you have whatever if you're in the passive column as is a non real estate professional you could deduct all that and then the active side you could deduct all of your depreciation against all of your income. So that's pretty straightforward. Okay last question and it's from Betty and she said Buck I heard you talking about a bad drug reaction you had a Minneapolis. What was the drug that gave you the bad reaction yeah so let me let me tell you about that I am those last show I talked about that was my near-death experience thing where I thought I was gonna die, listen to this show you'll get the whole story but bottom line is as it turned out it was a CBD tincture. And I took some CBD for my back in in Santa Barbara and it worked really well for me and then I don't know what was in this bottle that I bought but it just gave me some sort of crazy out-of-body experience and I'm it wasn't like being stoned okay I I've been to college I know what that feels like was something was very wrong, anyway it was the CBD it's a long story. Bottom line is if you are interested in that story and how what I came about listened to show where I talk about this in the last show I think it's probably last week according where this is and you will you'll hear about that. By the way, I'll say that you know riffing off that last show I'm looking again those vintage cars to things that mattered the most of lessons that I had there were to make sure to take care of your family so look at Wealth Formula Banking make sure you you know get into that and and and try to you know align your investments with legacy to a certain extent that's one of my takeaways the other one was to try to have a little bit of fun here and and don't always push it away into delayed gratification. Okay that's it for the questions today and we will be right back.
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The Empire - The Company's Official News Source - #305 Issue:25th of Sun's Dawn

HEADLINES
EDITORIAL
TRADE
DRILLS
DOMESTIC
FINANCE
ORDERS
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HEADLINES: HOME OFFICE TO BEGIN REFORMS AFTER FOREIGN SITUATION STABILIZED

ASPERMONT, WESTERLANDS - The Home Office was given more resources and concentration later last week when the Foreign Office definitely proved to the Directory that the situation abroad has stabilized to the favor of the UNKNOWN [?] Trading Company, will begin to look inward now and bring the Company up to higher standards, inspired by many of the deviled eggs who once manned the ship of state.
The most pressing issue for the Company was people claiming they were Company Members or "UTC" when they were not, hijacking the title for themselves and sometimes misrepresenting the UTC abroad and people confusing them for the real UTC.
Originally, the Company did not care as it did not give a shit about what foreigners think of who is and who isn't UTC, because who cares what a bunch of ignorant foreign premium savages think? But when people claim they're Company Members when THEY'RE CLEARLY NOT within our OWN CIRCLES, that's when it's gone too far.
That's when we know the discipline decay has gone too far, Gun, you cuck.
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EDITORIAL - Will Bitcoin have a Future?
Irishkaiser - 2018 was a terrible year for Bitcoin and some say may no longer be viable as the market has finally judged Bitcoin for its true value. Many Bitcoin investors are amateurs, of course and this is expected as a lot of them are programmers with little idea for financial expertise or have any idea at all of WHAT MONEY IS and many more are a bunch of cunts who just got unto the Bitcoin bandwagon with no idea for both just because... Also they fall for one of the biggest amateur mistakes when it comes to investing: greed.
Whether or not Bitcoin has a future can go both ways and yes, I do believe it has a fair chance of failing in the future and being forgotten. But the idea of Bitcoin is something else completely and its legacy shall always be the employment of blockchain technology which is, undeniably, revolutionary and is a stepping stone to a future of cashless currency.
Some of you who are old enough to experience the rise of the internet may remember the old programs we used to use a lot. Here are but a few: Netscape, ICQ, XFire, AIM, Limewire.
But these are all forgotten and overshadowed, some of them gone forever such as XFire and Limewire. But their ideas never really left and was carried on today with many features being used and built from each other to form the services you know and love. Other than bitcoin, there are many other cryptocurrencies and each one appearing or disappearing as fast as fuark.
In the end we don't really know. Maybe Bitcoin will be there... Maybe it won't... But it will definitely be as groundbreaking as IRC rooms that will form the basis of our future idea of transactions and how we define value.
People are currently living in the Wild West of cryptocurrencies just like the Wild West of the internet days, but I've seen the Wild West of the Internet... It's gonna end eventually. Enjoy it while you can, for the market is still CHAOS.
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TRADE - US MineZ Trade Run
The Directory proudly announces that it has delivered
1 Iron Armor Set
1 Iron Sword
in value exchange for
1 Button
Zoohah? Oohazh
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TRADE - Common Market Trade
The Directory proudly announces that it has witnessed the following goods circulated.
Iron Armor
Buttons
Splash IIs
Diamond Sword
Bread
Grenades
Sugar
Power II Bows
Ah sugar sugar. Ah honey honey.
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PvP Drill 148th Mass PvP Event - STRATEGY SKILL AND STUPIDITY
The Commonwealth Games' PvP Part of the Event taking place in FOREST.
1st Fight
The first Fighters from Cymru/Wales and Gold/Armor champions were geared well, with the former containing 15 Splash IIs. Gold ArmoChampions had a measly 7 Splash IIs. Both armed with Diamond Swords and Power II Bows, it would seem that the fight would be in favor of the Welsh by pure gear and PvP skill level which is very comparable to his opponent.
Unfortunately, the round was quick and relatively fast and ENDED IN A VICTORY FOR THE GOLD ARMOCHAMPIONS. How? Well, at first it did seem that the Welsh were winning and the Champion seemed like he was going to lose, having him on the edge... But the Welshman got overconfident and kept pressing forward FORGETTING TO SPLASH.
The Champion noticed this and realized all he had to do was crit him out after splashing, thus killing the Welshman and winning for his team a decent amount of splashes to help him fight his next opponent. Death by brainfart to the Welsh.
2nd Fight
Occurring simultaneously another Champion and Welsh fight was taking place nearby, with both combatants using unorthodox tactics, but the Welshman had 9 Splash IIs. This fight lasted much MUCH longer due to the use of cobwebs, flash grenades and slowness potions used deploying multiple unconventional strategies.
The Champion staked out the area before the match and brought four cobwebs. to close himself off in a building when the Welshman got the upperhand.
Against the first line of cobwebs, the Welshman had his own secret weapons and launched a flash grenade blinding the Champion who could not see the Welsh advance, but the Welshman was stopped in his tracks by ANOTHER LINE OF COBWEBS. Both sides began staking each other out for a couple of minutes, but the Welshman was a better marksman and killed the Champion through superior gunnery skills, because with little room to move around the Champion's fortress became a trap
3rd Fight
The surviving champions from both sides opened the fight with a half-hearted bow battle with multiple misses and few hits for both sides. Matching each other hit for hit, running back and forth and kiting each other, no side wanted to commit to a fight as no one knew what inventory the other had.
After facing against the previous Welsh champion, armed by KAISER ARSENAL, the Champion was wary of another 15 Splash II inventory and kept his distance, when in reality the Welshman had only 9 Splash IIs and was wary of the captured splashes from his fallen teammate.
Every advance was met with counter-attack and retreat and another counter-attack from both sides. Feeling each other out. The prolonged fight drained the Champion's splash advantage but still had him lead with a margin of 3 Splash IIs.
The Welshman countered every sugar with a slowness splash and threw off the Champion's flanks with flash grenades, throwing four flash grenades in this entire fight. As every attack was blunted, the Welshman was able to rely on a Lone Sword to keep him in the fight and could afford to buy time.
Then the Welshman had an idea... He retreated into the fortress that his previous opponent set up and began to take pot shots at the Champion... THUS TURNING HIS OPPONENT'S STRATEGY AGAINST THEM. A psychological battle then took place as both sides taunted the other into coming out and attacking with bluffs and threats. The Champion then launched FREDBOAT to play earrape music to see if he would be distracted long enough against his opponent, but the Welshman did not flinch and listened to it for a good 5-8 minutes before finally judging he had enough space between them to turn down the volume, thus rendering the distraction plan moot.
Due to the stalemate, a long lull with a couple of bow shots periodically began to take place with the Welsh grimly determining to hold the fortress and not repeat the mistakes of his previous opponent. Time at this point was on the Champions' side, but he did not know that the Welshman only had a LIMITED water supply. If the Champion pointed this out, the Welshman would yield and accept defeat, but he didn't.
So attempts were made to wither each other's health down, but the Welshman had a Lone Sword so he could take the hits while the Champion had to splash or drink to heal himself.
When the Champion said that he could "do this all night." The Welshman said "It is a battle of determination then.". The Champion immediately began to concoct a plan, oblivious to the fact that the Welshman would surrender once his water supply ran out.
The Champion hopped servers and began to infiltrate, pretending to still be there with Shotbow's delayed leaving of players on the online tab to his advantage. Managing to sneak in and take on the enemy by surprise the Welshman spotted him in time to fight on an equal footing and threw him into a cobweb where the Champion ferociously tried to keep him away with intense clicking. The Welshman at this point used up all his splashes and was using a lone sword to heal himself began to drain the Champion with sustained bow fire and sword play.
The Champion however was successful in bringing himself out of a bind and retreated to cover. A grenade shot from the Welshman though re-arranged the cobwebs and TRAPPED THE CHAMPION, thus severely limiting his options with both sides once again caught in a room to room bow fight that can be describe as akin TO STALINGRAD.
However the strategic reality had changed and the Champion no longer had access to water with the Welshman still controlling the limited water supply room in the house. The Welshman however realized that it could still go any way at this point and was scared as fuck, so he pointed out that the Champion technically did an illegal move by logging out and then asked the question: "Do you still want to do this?"
The Champion realized his options were few and wanting to save whatever inventory he had left, the Champion yielded and said "Yeah, I'm disqualified anyway. WELP, THAT WAS A WASTE OF A SPLASH INVENTORY."
Which the Welshman sighed relief and accepted the yield.
Victory by Dumb Luck, I guess.
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DOMESTIC - 1ST REGIMENT AND VOLUNTEERS PERFORMS RECCE OPERATIONS TO FORMALLY ASSES MINEZ UPDATE
An elite detachment of the 1st Regiment and volunteers from Imperial Citizen to non-Regimented Company Members began to document and recce areas of importance last weekend. The findings that prove beneficial to the UTC are kept a secret but here are a bunch of non-important information that nobody would care to ever know ever again.
1) Roads are inefficient and not properly used by anyone who plays this game. This stems from the fact that the placement of roads is made by someone who does not know how roads work or how they should function. The end result of roads is to make it faster and easier to move from one place to another. The MineZ roads achieved nothing. New players may use them however because why the fuck not.
2) Around 5-6PM EST onwards, heavy amounts of lag permeate the servers. This seems to only happen on the weekends of Saturday/Sunday and is rare to encounter on the weekdays.
3) Possible friendly civilization/community made contact with. Did not press the issue due to being on duty, but at least there's some people worth fighting for in this game... I hope.
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DOMESTIC - Leaderboards for the Games.
Yay Medals
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FINANCE - Prepping for Clan Bank Holiday
SAVE YOUR MONEY. INVEST PROPERLY. DON'T FALL FOR THE GET RICH QUICK MENTALITY. THAT IS HOW WE CELEBRATE.
**ORDERS:\
1) TRADE RUN NEXT WEEK
2) BRING HOME THE MEDALS
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THE \?] EMPIRE,THE COMPANY'S OFFICIAL NEWS SOURCE AND PROPAGANDA TOOL. AW YEAH)
submitted by Spywin to UnknownTradeCo [link] [comments]

60 DoD Week 6: Finances

60 DoD Week 6: Finances
By failing to prepare, you are preparing to fail. – Ben Franklin
Having a financial plan is vitally important for a number of reasons. What do you think the greatest stressor in relationships is? The lack of sex your wife is giving you? Close one. It’s money, although your shaved balls might think otherwise.
So don’t you think having a plan is critical to fixing your well-being? You have a MAP to get in shape. Why don’t you have a plan for your finances.
This post might better well be served in personal finance, but screw it. I’m going to town. For the folks overseas, some of this content might be US-specific.
On Net Worth
In order to calculate your net worth, you need to take your assets, such as your checking account, savings, house, etc, and subtract your liabilities, your mortgage, credit card debts, and loans, and you’ll get your net worth.
This is a good time to be spreadsheet guy. But instead of counting how many ladies you are seeing or counting how many times you had sex, use Excel for its intended purpose.
Start calculating it annually, quarterly, monthly. Whatever frequency you feel like you need to get a handle on where your net worth is going. For myself, I do this quarterly, though I have my finger on the pulse pretty frequently.
On Budget
You want to get ahead? You have to operate on a budget. Know what you are spending, what you are saving, and where your money is going.
For me, I’ve got it set where it takes me about 7 minutes to log into the various accounts, take certain numbers like food spend and so forth, and plug those numbers into the Excel boxes. Plugging them in allows me to quickly project the next three months spend and where I’ll be. Some numbers are easy to find, like the fixed costs of mortgage and student loans. Some numbers you have to estimate or look up, like variable food costs and gas/electric. I do this about once a month. It doesn’t take long at all – just making sure I have good cash flow and sticking to my budget.
Take the time to do a detailed line item comparison. You should know exactly how much is going where. The real key though is STICKING TO YOUR BUDGET. You have to keep to it in order to meet your goals.
On Financial Literacy
It’s key to have a good understanding on financial literacy. You have to understand things such as what is the market, what is a stock, what is a bond, what is a dividend, what is a mutual fund, and so forth. You have to know what you are investing in. Take your financial knowledge and move it up. There are literally tons of free information out there. Start going to town. And for the advanced players, go learn the ins and outs of your brokerage firm’s website and trading platform – I mean really learn it, not just “Oh, here’s how I do a buy order on a stock.” Learn how to screen for stocks, mutual funds, and bonds effectively.
Side note – If you are in the US, I recommend joining AAII. I have gotten a great deal of value out of my membership to them. A number of HNW individuals I know recommended it to me, though I had joined and got the lifetime membership before I met them.
On Bogleheads
Personally, I’m a Boglehead. Jack Bogle, man, he was the Chad of passive investing. I believe that passive investing (indexing) long term beats active investing long term. So does Warren Buffet. All my research agrees with this from a long term standpoint.
I’m also a fan of creating an Investment Policy Statement
Boglehead Resources
https://www.bogleheads.org/wiki/Bogleheads%C2%AE_investment_philosophy
https://www.bogleheads.org/wiki/What_the_experts_say_about_investing
https://www.bogleheads.org/wiki/The_twelve_pillars_of_wisdom / https://web.archive.org/web/20070304091730/http://www.vanguard.com/bogle_site/april272001.html
https://studentloanhero.com/featured/bogleheads-invest/
https://www.bogleheads.org/forum/index.php
I would highly encourage you to review these links and check out their philosophy on investing.
On Being a Contrarian
I’m also a fan of being a contrarian. Be greedy when others are fearful, and fearful when others are greedy. You see it with the Bitcoin bubble. You see it when the stock market goes up and down. Oh no, the market is going down… whatever shall we do?!? You stick to your guns. I’m not saying go catch a falling knife. I’m saying that you stick to your plan. There is opportunity when people are fearful, and caution is warranted when people are being greedy. You have to evaluate where we are in the economic cycle as well.
On a Cup of Starbucks and Retirement
You might have seen the example where someone buys a cup of Starbucks every day and then finds out that if they took that money and invested it toward their retirement, over the span of say 30 years they’ll have like an extra 200k. I have two comments on this. First, be frugal, but don’t deny yourself. Don’t let frugality control you. Second, don’t just focus on controlling the little changes like saving a cup of Starbucks every week, focus on the BIG areas. Focus on getting a new job that pays you an extra 40k per year. Focus on saving 100 bucks off your cable (1200 bucks saved per year). Focus on lowering your taxes. What I’m saying is focus on not just the small areas, but also make the bigger impact areas a higher priority. And stop drinking so much Starbucks – make it yourself. Grind the beans, for crying out loud.
On Automating
Automate your finances. Make it EASY for yourself to save money. Set up your automatic bill payments for your credit card, loans, mortgage, and bills. Take advantage of the modern tools nowadays for app/camera based check deposits. Have money taken out of your paycheck before you get it, whether it is for retirement or into a separate savings account, so you can accumulate a rainy day fund. I’ve automated as much as I can, with direct withdrawals taken out for mortgage, credit card payments, gas and electric, and for the other areas like telephone those are automatically paid from the credit card, which then is automatically paid from the checking account. Automating saves time, which is a critical resource.
On Buying a Car
Here’s your resources:
https://www.reddit.com/askcarsales/wiki/index
https://www.reddit.com/askcarsales/comments/19niva/car_buying_faqs/
https://www.reddit.com/askcarsales/comments/4j2okj/what_to_expect_from_your_dealership_visit/
https://www.reddit.com/askcarsales/comments/613jvn/askcarsales_faq_updated_march_2017/
http://fightingchance.com/ - I used these for private market research, and was worth every penny.
There’s a lot more here, but this should get you through the basics. Simply, knowledge is power. The more you know, the more power you have. If you don’t know every single line item that is going into your purchase, whether it is an accessory, taxes, that stupid coating that they try to sell you for $1000 but it’s really just worth $100, etc., then you’re not ready, and you’re more likely to be fleeced.
Just even walking into the dealership and observing other customers and their interactions with the car salesman, it’s like watching sheep. Don’t be a sheep. Be prepared. And be prepared to walk too. Cars are a commodity. You can buy the same car someplace else cheaper. Remember this – cars are a commodity, and there’s lots of dealers out there.
Side note – “But Steel, what about TrueCar? That seems awesome. I’ll just go in, get my TrueCaCostco/KBB/XXX price and I won’t even have to do anything to get a great price.” Let me tell you this. Dealers would be HAPPY to sell you at the TrueCar price all day long. With proper preparation, you can negotiate a far better deal. Last time when preparing, I had a binder. That binder saved me over 9k. Cost me 5 bucks at the local pharmacy. Printed out all my info, was prepared as all get out, and had a prepared offer ready to go (I used my own sheet, not theirs). Be prepared, that’s what I’m saying. And don’t fall for the four square technique. I just chuckled at the different dealerships at how they try to pull that one. Hell, I went through YouTube and viewed a couple of videos on how car salesmen sell, so I had an understanding of their mentality and what they do. Be prepared.
Generally, there are five major parts for buying a car: Trading in your current car, buying your new car, buying options on a car (like that fancy heated steering-wheel), extended warranty, and financing. You should own every single area of this. As an example, when you are talking about trading in your current car, you should ALREADY have your price quote from CarMax in hand, as well as other offers from other dealers. You should know what your car is worth if it were to be sold (remember supply and demand – what is it really worth: what someone will buy it for). You should already have the KBB and Edmunds value of your used car. For your new car, you should have a breakdown of every single thing on it, including options, doc fees and ERT. For your fancy accessories, you should have the MSRP of these accessories, the actual cost of them buying (wholesale parts warehouse), and an estimate in your head on labor costs (cause parts don’t get installed by themselves). For your extended warranty, I would just say that there is a reason why this is one of the most profitable areas of a car dealership. If you simply must have an extended warranty for peace of mind, go find a wholesale warranty. Do your research. Don’t buy from the dealership. Most cars nowadays anyway are built quite well with high standards of quality control, so they’re not failing like they used to. On financing, make sure you set up your own financing before you walk in. It makes life much easier, as the car dealers get money on financing as well. If the dealership can beat your credit union, more power to them. It’s powerful as all get out when you walk in with a prewritten cashier’s check at a super low interest rate and you’re ready when they start asking you how you are going to pay for the car. “Well, I am preapproved for x amount (aka the full amount of the car), but I’d like to see what specials and discounts you have.”
It’s all about how much money you can save in each one of these areas.
Granted if you’re BETA BUCKS and your time is worth more than doing a bit of research, that’s fair. Some folk just walk in and buy a car right there with a minimum of haggling. That’s how much their time is worth to them, and I know a few people who are like this. I’m merely presenting an alternate approach. To me, it was worth the time to save more than a few thousands.
On Buying a House
For many people, a house is the largest purchase that they make in their lifetime. Many of you have already bought houses, so I won’t go into this in detail, but again, from The Millionaire Next Door – “If you’re not yet wealthy, but want to be someday, never purchase a home that requires a mortgage that is more than twice your household’s annual realized income.”
I see a lot of you going “Shit” after reading that.
On a Side Hustle
I didn’t even have to write anything, u/red-sfpplus already wrote an excellent post on this topic - https://www.reddit.com/marriedredpill/comments/7i7x4q/the_financial_hustle/
Learn from his example. And then buy the man a drink.
On What to Do First
"Successful Investing takes time, discipline and patience. No matter how great the talent or effort, some things just take time: You can't produce a baby in one month by getting nine women pregnant." - Warren Buffett
First of all, take stock of where you are. Figure out your net worth, and what you have and what you owe (and interest rates). I would say the first thing to do is to have a three to six month emergency fund. This can be done in conjunction with getting rid of high interest debt (such as credit card debt), however if and when you have an emergency, you’re going to need to tap into something.
Start your budgeting process. Know where your money is going. Fix it.
Most people don’t even have a thousand dollars in savings. Don’t be like that.
I would also note that the Personal Finance subreddit has this already diagrammed out in a flowchart in their wiki - https://i.imgur.com/lSoUQr2.png
On Giving Back
So you give back, right. Of course you do. But what I suggest is potentially setting up a charitable fund, so that you can maximize your charitable deduction annually. You can give a larger sum one year, and then less/none the following year – and maximize your deduction the first year. Something to consider. Plus then your charitable fund is invested, will grow with the market (remember you need a plan and asset allocation here as well), and the growth can be given to the charity as well, tax free. I’d recommend Vanguard, but really there are a number of places that do this.
On Habits of Millionaires
From the book The Millionaire Next Door, here are the characteristics of millionaires:
• They live well below their means
• They allocate their time, energy, and money efficiently, in ways conducive to building wealth.
• They believe that financial independence is more important than displaying high social status
• Their parents did not provide economic outpatient care.
• Their adult children are economically self-sufficient.
• They are proficient in targeting market opportunities.
• They chose the right occupation.
On Building Wealth
You want to build wealth? Don’t have a high consumption lifestyle! Think for a moment. How much money do you think it takes to maintain an upper-middle class lifestyle vs. how much money do you think it takes to maintain a middle-class/blue collar lifestyle? Bespoke suits. Luxury cars. Bigger house. More property taxes. And so forth. Think of all the stuff you have to purchase to keep up with the Joneses. Cost of cleaning. Cost of buying furniture for that fancy house. Etc.
“But Steel, I don’t care about the Joneses.” Sure you don’t. But your wife does. Watching that HGTV, picking out the stupid pillows that breed like rabbits in your house when you’re not looking. There’s something about a house that factors into the Female Social Matrix.
Frugality is the name of the game. Frugal being “behavior characterized by or reflecting economy in the use of resources.”
Don’t be wasteful. Don’t have a lifestyle marked by lavish spending and hyper consumption. You want to build wealth? Be frugal.
Most people will not become wealthy in one generation if they are married to people who are wasteful. You can’t accumulate wealth if one of you is a hyperconsumer.
On Offence vs. Defense
So you’re not beta bucks, you’re BETA BUCKS! You make it rain! Good for you. You play great offence. But how’s your defense? How’s your wealth accumulation? Are you spending like there’s no tomorrow? If you want to win the game, you have to play great offence AND defense.
Here’s some questions for you:
• Do you operate on an annual budget?
• Do you know how much you spend each year for food, clothing, and shelter?
• Do you have a clearly defined set of daily, weekly, monthly, annual, and lifetime goals?
• Do you spend a lot of time planning your financial future?
To build wealth, minimize your realized (taxable) income, and maximize your unrealized income (wealth/capital appreciation without a cash flow).
How do you become financially independent? You have to plan, and you have to sacrifice. You sacrifice today for financial independence tomorrow.
On Your Wife & Buy-In
As part of your plan and budgeting, once you have it all set, get buy-in from your wife. But do this not like you are seeking approval from mommy (aka you validation whore you), but matter of factly here is the plan, we are budgeting x amount for these areas. Here is our plan. Set out a vision.
On Financial Vision
Read it and weep - https://www.reddit.com/marriedredpill/comments/3fecgi/first_budget_discussion_leads_to_minor_meltdown/ctnya77/
“One rarely talked-about element of Married Game is a subtle thing known as Vision. Most husbands don’t appreciate what a strong DHV possessing Vision is, and they proceed unaware of the power it can add to their relationship. Most husbands do this because they don’t understand Vision, what it is and how it is manifested, much less the subtle but important role it holds. Let me explain: once upon a time I was working for a personnel agency, and one of my jobs was coaching our people on interviewing techniques. I learned a lot about the process as a result, from both the interviewer and the interviewee side. When it came to my clients who wanted high-quality employees with good technical skills – real talent – I learned the sorts of things that such high-demand technical people wanted in a company. Money, of course, and security and benefits. But beyond that gifted employees want to work for a company with a history, a good culture, and (most importantly) a Vision.
What is Vision? In this context Vision is a manifested idea of the future. Everyone wants to work for a company that’s changing the world and is doing so in a positive, pro-active way. No one wants to work for the company that’s floundering, desperate just to meet its next quarter’s goals. Vision is a generally-stated plan-of-action toward a distant but achievable goal, presented in an enticing enough manner to inspire. It’s short on details and long on generalizations. It’s reflective of inner beliefs, values, and judgments, an indication of character, foresight, and initiative. It should be bold, meaningful, and challenging.”
Now, this quote above is excellent. You need a vision for your life, but you also need a vision for your finances. What would your financial vision be? What does it look like to you? Create it, and then be ready to share that with your family.
On Love of Money
Remember folks, money itself is not the root of all evil. It’s the LOVE of money that causes the problem. When you are so driven to be a better beta bucks to get that coin, and start neglecting yourself, your relationships, etc… you’ve got problems. Money is just a tool in the toolbox. Use it, don’t let it use you. Don’t become a slave to money. Your life doesn’t consist of how many toys you have. And you can’t take it with you when you go.
On Insurance, or Lack Thereof
Would it surprise you to know that most people are underinsured? Make sure that you have enough of the key five types of insurance: health, car, homeowners/renters, life, and disability. Preparing yourself for these situations can save you a lot of pain in the future. Also, make sure you get enough umbrella insurance. Typically they say have enough umbrella insurance to cover your net worth, but I recommend getting a bit more.
A quick note, practically, do not get whole life insurance. Get term insurance, and invest the difference in cost between whole life and term. You’ll be much better off. And yes, this is for 99.9% of situations. The remaining .1% of situations are when someone is really wealthy and there are estate and tax considerations. Aka for most of us, don’t worry about it.
And take care of your health, so you don’t get fat when you are older and have related medical problems. Put. The. Fork. Down.
On Assets and Liabilities, Rich Dad Poor Dad Edition
A number of you have read Rich Dad Poor Dad, and there’s controversy in it. I disagree with a number of items in there, but there is an interesting point in there about how he views assets and liabilities:
“You must know the difference between an asset and a liability, and buy assets. If you want to be rich, this is all you need to know. It is Rule No. 1. It is the only rule. This may sound absurdly simple, but most people have no idea how profound this rule is. Most people struggle financially because they do not know the difference between an asset and a liability.”
He has a simple, non-accounting definition - “An asset is something that puts money in my pocket. A liability is something that takes money out of my pocket.”
Buy assets. I like it. What is out there that you can buy that puts money in your pocket. Stocks. Bonds. Mutual Funds. Real Estate that produces Income. There are a ton of items.
You should also think about getting rid of your liabilities… the giant boat, the private jet, the cluster B horrible sex-depriving wife (you know who you are)… you get the idea.
On Disaster Recovery and Information Security
What were to happen if you were to croak, or your only laptop with all your financial data was stolen or destroyed in a fire along with all your financial papers (see, you should have gotten that fireproof safe)? Would you have a plan on what to do? Would your spouse? Your kids? I would suggest making a backup of your finances, statements, tax returns, and other important papers, and put that on an encrypted USB key with a password that you and your wife knows, and then storing that someplace secure. Note that you can do fancy stuff like cloud storage, and so forth – but you need to have a plan for the worst case scenario.
Additionally, make sure that you use two-factor authentication when you log into your banking accounts (if they have it), as well as don’t repeat your passwords for your financial accounts.
I would even suggest having a separate secured email for your banking accounts, and another one for your personal accounts that get those damn spam emails all the time.
Don’t be stupid with your financial accounts. Using the same password is stupid. Yeah, I’m talking to you.
On Practical Advice
Do get rid of high interest credit cards. If you’ve got a balance on your 29.99% APR credit card and are paying that interest every month, it’s in your best interest to eliminate that debt as soon as possible. You’re not going to get a 29.99% return in a month in the stock market (unless you take on excessive risk for that return, obviously). Try to transfer that balance to a promo 0% interest credit card, and work that down.
Don’t borrow from your 401k. You’re cutting out your future returns. Don’t make that 401k loan your emergency fund, but rather have a separate emergency fund.
Do use credit cards over debit cards, for a whole host of reasons (theft being the primary reason).
Do pay yourself first. Take out at least 10% of your paycheck before it hits your checking account, and start saving.
Don’t pay monthly or annual fees on checking accounts or savings accounts. You shouldn’t be paying a bank to store your money. They should be paying you for that privilege.
Do get solid credit cards that give outstanding rewards. Do your research. Get at least 2% cash back if you can. Shoot for 5% or more. For example, Discover allows you to get 5% cash back in certain categories, and then you can redeem $20 for a $25 gift card to a number of different vendors. Looks like you just got a 6.25% return.
There are plenty of other examples. Do you spend a boatload at Amazon? Get your 5% return. As an example – I get a 5% return on gas using a certain credit card. It’s unlimited throughout the year, and is redeemed as a statement credit, so I don’t have to worry about redemption. I have a certain Amex that I redeem at 4.6% points per dollar spent, plus a 2% general cash back card (some places don’t accept Amex). I could go even crazier, like getting the 3% on restaurants, or churning cards (and there are a lot of sites out there on how to churn successfully), but at some point, it’s not worth it.
Do realize that credit cards make it easy to buy things that you don’t need. Recognize that part of yourself that wants to overspend. Ask yourself, do you need whatever it is you are buying. Would it hurt more if you paid in cash rather than credit. Buying with credit encourages you to buy more than you can afford.
Do shop around for loans/services. I asked my bank what the best car loan they could give me – they said 2.99%. I asked my credit union, and they got me 1.49%. That’s a big difference in interest over the course of a loan. Generally due to how credit unions are structured (and their presence – mostly online), they will have better deals on certain loans than banks, depending on the product.
Don’t delay saving for retirement. Generally, you’ll want to be saving 15% or more of your income for retirement early on. If you don’t save early, the harder it will be.
Do try to simplify your finances. It makes it much more complicated if you chase after the best savings rate for your online bank, and then have many accounts all over the place. The 20 dollars that you get in interest is not worth the complexity and time (aka your most valuable resource) it takes to manage all that stuff.
Don’t use your HELOC unless you have to. I have a large HELOC, but I don’t use it. But who knows when I need access to a large sum of money. And don’t use it in lieu of your emergency fund. You need both.
Do some research into budgeting tools. There’s a lot of people on these threads that recommend YNAB. I personally haven’t used it, so I can’t recommend it one way or the other. I’m old school (and cheap thrifty – why would you pay for something if you can do it yourself). But definitely check those tools out – Mint, Personal Capital, YNAB, budgeting tools through your bank, etc. Also, if your credit card does an annual summary (like Amex does), make sure you look at it to get an idea on where you’re spending – it’s very helpful.
On Tips for Saving Money
There are a ton of ways you can save money. Go ahead and google “how can I save 1000”. Wait, I did that for you - https://www.google.com/search?q=how+can+I+save+1000
Take some time, call up your cell phone providecable provider and see what specials they have. There's a ton of things you can do to save money quickly.
On Too Much Money
Say you’re an ostrich farmer, and are flush with cash. You’re asking yourself, ok, so I’ve maxed out my 401k, I’ve maxed out my Traditional IRA and then backdoored it into a Roth IRA for tax diversification plus the benefits of a Roth. I’m contributing to a 529 plan for the kids. I looked into mega backdooring my Roth but darn it my employer doesn’t let me do that. I’m doing all of the tax advantaged things I can. I still have this extra 300k sitting around – what do I do with it?!? First world problems, amIrite. Again, this comes back to your plan. What’s the short term plan with this money. What’s the long term plan. What’s your risk tolerance. What assets can you invest in that fit in with your plan. You still have to manage your budget, even if you are a 1 percenter.
On the Best Investment and Most Important Resource
I’m a firm believer that the best investment is investing in yourself (and your family and kids), and your most important resource is not money, but time. Learn a skill. Go get a degree. Give your kids a head start. Help your wife accomplish a goal. Do what you can to save time. Money of course helps, but you know what happens when you teach a man to fish.
On Happiness
Is money linked to happiness? Yes, but only to a point - https://www.usatoday.com/story/money/nation-now/2018/02/26/does-money-equal-happiness-does-until-you-earn-much/374119002/ and https://www.usatoday.com/story/money/personalfinance/2016/12/09/key-money-happiness-may-how-you-spend/94308848/
Honestly, at some point, money just becomes a scoreboard. Money will give you security. It will remove a stressor in your life. It will remove fighting and stress in your relationship (about money, fool). It will allow you to do many things. But eventually, money won’t give you happiness. You have to figure that one out yourself. And of course there’s the joke about “Money can’t buy you happiness, but it can buy you a yacht big enough to pull up right alongside it.” – David Lee Roth.
On Money and Attraction
Money by itself will not make your wife’s panties wet. Keep that in mind. Having and getting money is basic adulting. Same with saving and managing it. You want to get her wet? Get in shape. Lift. Does money boost your status? Sure. Is status one of those areas that has some effect on where you are in the sexual marketplace? Sure. Pure physical attraction? No. Do you really think that making MORE money is going to have your wife give you more sex? Of course not - https://heartiste.wordpress.com/2014/06/02/money-wont-save-beta-males/
Get in shape. Be hawt. And fix your damn teeth so you can smile like you are a somebody.
On a Brief Story
So I was talking to a friend of mine, and I asked him how he and his wife set up the finances. He told me about this system, where his paycheck goes into his checking, his wife’s paycheck goes into his wife’s checking, and they have a joint savings account. Then he went into a convoluted description on how each of them pays certain bills, and how what he’s paying is not fair since he’s paying the mortgage AND property tax AND daycare, etc etc. I thought to myself, man, what a convoluted way to deal with stuff. They would then have multiple financial meetings, and discussion on who pays what, and all this extra stuff. It was just a lack of overall ownership going on.
Just take care of the finances. Figure out a system that works for you. I’m not going to tell you which system is the best, because it’s all dependent on your unique circumstances (example: heavy spender SAHM vs saver career girl, you’ll need to put some deep restrictions on the heavy spender). But own it.
On Who Owns the Finances
You own the finances. Period. End stop. From the prior post on finances, it’s so important that I’m putting it here again:
“At the core: Who do you want in charge of your financial future?
The person interested in maintaining status quo and safety at all costs with your happiness and satisfaction a secondary or minor consideration? Or you?
If you've learned anything here it's that you need to be a captain. Putting your wife in the family alpha role breeds contempt and most of the problems that brought your here. Besides control of sex, family MONEY decision veto power is the key indicator of who is wearing the pants.”
submitted by SteelSharpensSteel to marriedredpill [link] [comments]

Temtum - evolved blockchain and cryptocurrency

Temtum - evolved blockchain and cryptocurrency
Introduction Ultra lightweight and super fast. That is what I am looking for when I am searching for a program to do anything ranging from opening images to editing video. Heavy and slow applications irritate me, and a lot of people share the same feeling. Sluggish programs invoke something primitive in our lizard brains, similar to a sense when an animal is caught in a trap. We feel that the darn stupidly slow program traps us, and we just want to get on with our lives, just like when we are stuck in traffic. Temtum, as a cryptocurrency and temporal blockchain, is the solution just for that, it is super fast and ultra lightweight. Temtum is created by researchers, and the temporal network it uses is heaps better than the blockchain structure we have been using up until now.

https://preview.redd.it/zvfggsxx36431.png?width=640&format=png&auto=webp&s=c034b0148b0afae32dfbc3e4edb6b6e77c0171b0
about temtum Temtum is a new, lightweight, peer-to-peer cryptocurrency where anyone can support the Temporal Blockchain network, creating a new world of financial freedom away from centralised institutions
The speed of the Temporal network is unrivalled by any existing blockchain technology, with 120k TPS achieved in our lab environment and theoretically unlimited, directly influenced by the scale of the network.
The ultra-lightweight architecture, efficiency and consensus of transactions on Temporal leads to incredible verification speed.
Temporal allows for short term data storage on nodes, while keeping the integrity of the blockchain and its full history. With our consensus algorithm, transactions are no longer required to be sent to every node, instead sent directly to the leader node. Therefore, no wasted resources spent in the needless duplication of messages.
This reduction in storage and processing power makes participation in the network from low-resourced devices possible, whilst using less energy than existing blockchain technology.
What is achieved by such advantages:
a unique consensus algorithm that, unlike energy-intensive Proof of Work, reduces to a single computation by any independent node;
high degree of security thanks to the NIST beacon, which is capable of generating accidents impossible for hacking and computing;
short data storage time on various energy resources, information is transmitted directly to the main node;
high speed network, it is 120 000 TPS.
Such a blockchain is reasonably suitable from the environmental side for the preservation of both nature and human health, makes it available to everyone who wants to participate in the maintenance of the network even from a mobile phone with low energy consumption, the main thing is that the Internet is turned on. Zero fees allow you to make large amounts of transactions.

https://preview.redd.it/xs0z73j046431.png?width=578&format=png&auto=webp&s=7dcb3b9e5da002676cc0d2b2c895bd44030c840b
The team consists of the strongest developers and programmers of the blockchain field, who have published several research papers consisting in corporate business projects that relate to the FTSE 250. To date, the web version and mobile application of the platform are ready, the network has been fully tested.
temtum solves these problems Scalability: The Temporal Blockchain eliminates the need to store the entire chain history on all nodes by locally archiving data, while preventing competition in node selection. Speed: The speed of the temtum network is limited only by the hardware and bandwidth of network participants. Resources: temtum’s Consensus Algorithm, constructed around leader nodes and our innovative Node Participation Document, removes the need for mining and wasteful, inefficient and restrictive Consensus mechanisms such as proof-of-work. Security: Temporal is a quantum-secure blockchain network that uses a photon source for genuine random number generation alongside next-generation hashing algorithms.

https://preview.redd.it/98oufl8346431.png?width=587&format=png&auto=webp&s=1ca0ab7f2266966670c9ebb927149dee8e027de8
VISIONS OF THE TEMTUM PLATFORM
  • To make available opportunities that have never been leverage upon in since the invention of blockchain.
  • To bring about the needed evolution to blockchain thereby leading to the growth and flourishing of cryptocurrencies.
  • To assist in the securing of a decentralised, distributed and a future that is democratic for crypto transactions
SPECIFICATIONS OF THE IDENTIFIED SHORTCOMINGS AND SOLUTIONS
  • Speed
Most of the crypto that ever existed is extremely slow. It takes Bitcoin nothing less than ten minutes for the complete execution of a transaction. This shortcoming made caused a reduction in the number of people that fully adopt the cryptocurrencies for the transaction.
To tackle this shortcoming, an extremely effective consensus Algorithm has been prepared for the absolute removal of limitations from the size of block. This is to ensure that transaction confirmation to a block is within the twinkle of an eye which is 12 seconds.
Conclusion
The idea and technology behind the Temtum is outstanding. Temtumteam project managers and engineers are highly reputed as we notice they are dealing a huge set of launches where they are integrated into a secure communication system. The team is with a solid background who are experts on this special matter. They look like they know what they are trying to do on the blockchain. After studying all the major concepts from their whitepaper I have a high of seeing Temtum succeed as it truly has the potential to rock the market and also investing into this project won't be much challenging for major investors.
For more information you can visit Temtum's official site and read their whitepaper. The links can be found below.

https://preview.redd.it/qn9yrsl546431.png?width=481&format=png&auto=webp&s=1c05aade8491ef8c2981fdc7e8b76022516dfaee
WEBSITE: https://temtum.com/
TELEGRAM: http://t.me/temtum_official
WHITEPAPER ON ENGLISH: https://temtum.com/downloads/temtum-whitepaper.pdf
FACEBOOK: https://www.facebook.com/wearetemtum
TWITTER: https://twitter.com/wearetemtum
Author's Bitcointalk Profile: https://bitcointalk.org/index.php?action=profile;u=1767745 username: arsenalx420
submitted by arsenalx420 to u/arsenalx420 [link] [comments]

Temtum - evolved blockchain and cryptocurrency

Temtum - evolved blockchain and cryptocurrency
Introduction Ultra lightweight and super fast. That is what I am looking for when I am searching for a program to do anything ranging from opening images to editing video. Heavy and slow applications irritate me, and a lot of people share the same feeling. Sluggish programs invoke something primitive in our lizard brains, similar to a sense when an animal is caught in a trap. We feel that the darn stupidly slow program traps us, and we just want to get on with our lives, just like when we are stuck in traffic. Temtum, as a cryptocurrency and temporal blockchain, is the solution just for that, it is super fast and ultra lightweight. Temtum is created by researchers, and the temporal network it uses is heaps better than the blockchain structure we have been using up until now.

https://preview.redd.it/39yii46y4s231.png?width=640&format=png&auto=webp&s=a82d87f6ef1515257bf385e73f0b76834b4ea492
about temtum Temtum is a new, lightweight, peer-to-peer cryptocurrency where anyone can support the Temporal Blockchain network, creating a new world of financial freedom away from centralised institutions
The speed of the Temporal network is unrivalled by any existing blockchain technology, with 120k TPS achieved in our lab environment and theoretically unlimited, directly influenced by the scale of the network.
The ultra-lightweight architecture, efficiency and consensus of transactions on Temporal leads to incredible verification speed.
Temporal allows for short term data storage on nodes, while keeping the integrity of the blockchain and its full history. With our consensus algorithm, transactions are no longer required to be sent to every node, instead sent directly to the leader node. Therefore, no wasted resources spent in the needless duplication of messages.
This reduction in storage and processing power makes participation in the network from low-resourced devices possible, whilst using less energy than existing blockchain technology.
What is achieved by such advantages:
a unique consensus algorithm that, unlike energy-intensive Proof of Work, reduces to a single computation by any independent node;
high degree of security thanks to the NIST beacon, which is capable of generating accidents impossible for hacking and computing;
short data storage time on various energy resources, information is transmitted directly to the main node;
high speed network, it is 120 000 TPS.
Such a blockchain is reasonably suitable from the environmental side for the preservation of both nature and human health, makes it available to everyone who wants to participate in the maintenance of the network even from a mobile phone with low energy consumption, the main thing is that the Internet is turned on. Zero fees allow you to make large amounts of transactions.

https://preview.redd.it/4jjw4wc05s231.png?width=578&format=png&auto=webp&s=ed1817e43c3c92de29b3823ab8b6a7f2d7aeed8a
The team consists of the strongest developers and programmers of the blockchain field, who have published several research papers consisting in corporate business projects that relate to the FTSE 250. To date, the web version and mobile application of the platform are ready, the network has been fully tested.
temtum solves these problems Scalability: The Temporal Blockchain eliminates the need to store the entire chain history on all nodes by locally archiving data, while preventing competition in node selection. Speed: The speed of the temtum network is limited only by the hardware and bandwidth of network participants. Resources: temtum’s Consensus Algorithm, constructed around leader nodes and our innovative Node Participation Document, removes the need for mining and wasteful, inefficient and restrictive Consensus mechanisms such as proof-of-work. Security: Temporal is a quantum-secure blockchain network that uses a photon source for genuine random number generation alongside next-generation hashing algorithms.

https://preview.redd.it/hnoa7ma35s231.png?width=587&format=png&auto=webp&s=dae0dbb3c29eaec814241c967184298a864d2c27
VISIONS OF THE TEMTUM PLATFORM
  • To make available opportunities that have never been leverage upon in since the invention of blockchain.
  • To bring about the needed evolution to blockchain thereby leading to the growth and flourishing of cryptocurrencies.
  • To assist in the securing of a decentralised, distributed and a future that is democratic for crypto transactions
SPECIFICATIONS OF THE IDENTIFIED SHORTCOMINGS AND SOLUTIONS
  • Speed
Most of the crypto that ever existed is extremely slow. It takes Bitcoin nothing less than ten minutes for the complete execution of a transaction. This shortcoming made caused a reduction in the number of people that fully adopt the cryptocurrencies for the transaction.
To tackle this shortcoming, an extremely effective consensus Algorithm has been prepared for the absolute removal of limitations from the size of block. This is to ensure that transaction confirmation to a block is within the twinkle of an eye which is 12 seconds.
Conclusion
The idea and technology behind the Temtum is outstanding. Temtumteam project managers and engineers are highly reputed as we notice they are dealing a huge set of launches where they are integrated into a secure communication system. The team is with a solid background who are experts on this special matter. They look like they know what they are trying to do on the blockchain. After studying all the major concepts from their whitepaper I have a high of seeing Temtum succeed as it truly has the potential to rock the market and also investing into this project won't be much challenging for major investors.
For more information you can visit Temtum's official site and read their whitepaper. The links can be found below.


WEBSITE: https://temtum.com/
TELEGRAM: http://t.me/temtum_official
WHITEPAPER ON ENGLISH: https://temtum.com/downloads/temtum-whitepaper.pdf
FACEBOOK: https://www.facebook.com/wearetemtum
TWITTER: https://twitter.com/wearetemtum
Author's Bitcointalk Profile: https://bitcointalk.org/index.php?action=profile;u=1767745 username: arsenalx420
submitted by arsenalx420 to u/arsenalx420 [link] [comments]

Sixteen ideas to save Western civilization

Idea one

Rather than funding a Darwinian triathlon that leaves thousands of people dead every year, in which those young men who are best capable of jumping fences, swimming through rivers and crossing deserts are given a ticket to paradise, we declare today that no more refugees will be given entrance into Europe. Instead, every Euro that is currently spent on providing shelter and care for refugees in Europe, will be used for refugees in their country of origin. With a guarantee that there is not a snowball's chance in hell of being granted asylum in Europe, the refugee stream to our continent will plummet. This will allow those NGO's who currently spend their money transporting people from Libya to Italy, to spend their scarce resources on helping refugees where they actually live. The cost of providing for one refugee in the Netherlands is 20 to 40 times higher than providing for the same refugee in his country of origin.
The moment we change our policy towards refugees, towards one based on rational sanity, is the moment we can start taking care of twenty to forty times as many of them. This will be necessary in the years ahead, as climate change, soil erosion and overpopulation will create a refugee crisis the likes of which humanity has never seen before. How about highly skilled refugees? You might ask. The thing is, those refugees will be the people who will be needed to rebuild the countries they fled from. If they live here, they can't help rebuild the communities that were destroyed.

Idea two

Europe is faced with a demographic crisis, as our fertility rates are very low. There are many different solutions to this, but one solution I have not heard before is as following: Let the height of our child benefits payments depend on the average age of the population of a municipality. The government should be paying people in rural communities to have children. Many of these communities have conservative Christians, who would be quite willing to have more children if they could afford to raise them. What we don't want, are child benefit payments going to overpopulated cities. What we need is for people to migrate from cities to our dying villages and for people living in those villages to have more children.
Our cities are home to our underclass, people who are unable to make something out of their life, often due to hereditary problems. Schizophrenia is twice as common in the cities for example. The people who live in cities tend to be descended from the rural peasants who were unable to make a living in the countryside. This is unfortunate, but it is the reality we have to deal with. What we want is for children to be born in the best possible conditions to guarantee a happy life. This is a conclusion I have reached, by virtue of the fact that I was born into the urban underclass myself. I want children to be born with more opportunities than I had. This tends to be very difficult to understand if you're born into a wealthy or middle class family.

Idea three

We don't just have to implement repatriation subsidies for migrants who live in Europe. In fact, we should implement broader emigration subsidies. We have more young men than young women, while Russia, Ukraine and the Baltic states have more young women than young men. The fertility rates of Europe as well as Russia would go up if we sent men to Russia. Ideally, Russian would be a language that's taught in high school here.
We also have millions of citizens in our continent, who yearn for more diversity and feel disgusted by the sight of a homogeneous European community. Europe to them is a racist monolithic continent and they worry greatly about the plight of Africans. What better way to help them achieve their dreams, than by paying them to migrate to Africa, a continent full of multicultural countries, where everyone speaks a different language and has unique customs? Everyone benefits from this. Africa desperately needs skilled people, while Southern Europe is full of young unemployed people. A gender studies, sociology or cultural anthropology degree is useless here in Europe. I'm sure it can be quite useful in Africa however.

Idea four

When it comes to income, women want to marry up, men want to marry down. If women can't find a man to marry with higher status than themselves, many simply refuse to marry and never reproduce. This is a big problem, because young women right now tend to earn more money than young men. There's a reason for this: Discrimination. White working class boys are least likely to go to university. These boys are not all stupid, but the culture they live in makes it difficult for them to succeed in life. In fact, the kind of long-term investment that college represents, is one that these boys who grew up in unpredictable insecure circumstances do not find appealing. In addition, white working class boys are not very interested in listening to long tirades about how they are guilty of everyone else's long history of suffering.
The problem we need to understand, is that education is now not used by employers as a requirement because the skills taught are relevant. No, educational requirements are used by employers to filter out dumb and unreliable people. The effect this has is to favor women over men, giving women an unfair advantage on the labor market. Neither women nor men benefit from women having an unfair advantage on the labor market. Besides the fact that a woman might not be better suited to the particular job she got by virtue of her college degree, women don't benefit from living in a society where there are no men whose salary can deliver them a similar standard of living as their own.
If we were to make it illegal to discriminate against the uneducated, we take away the unfair advantage women have over men. Certainly, we don't want uneducated people to become doctors, nuclear power plant operators or air pilots, but we really don't need people with four year college degrees to carry out mid-level office work for us. Another good measure to use is to hide the gender and name of a candidate for a position. Studies show that people prefer to hire women over men. In practice, being a good looking young woman is an enormous unfair advantage on the job market, for the simple reason that middle-aged men in management positions think with their dick.
What happens when college education can no longer be used as a status indicator by employers, is that a big part of the incentive to go to college disappears. As a result, eighteen year old boys and girls can simply apply for a white-collar job, rather than first having to spend four years studying some particular subject they'll never make practical use of again. What this means is that people are able to become mature much faster than they do today. A person aged 25 might feel ready to have children because they have been saving money for years, whereas today a 25 year old is still paying off their college debt and feel frightened by the thought of having children.

Idea five

Implement a big progressive tax on private land ownership, unless the land is covered in trees. Most of the land in Scotland is owned by a few private individuals, who just have massive herds of animals that eat the land bare. Scotland used to be covered with trees, all that's necessary for the trees to grow back is for the herds of animals to be removed. When we implement progressive taxes on land ownership, farmers who produce a lot of food with little land will find their business more profitable, while farmers who waste a lot of land will find their business to be costly. As an example, mushrooms farms use very little land, to produce a lot of food. Cattle pastures on the other hand, use a lot of land to produce hardly any food. When land ownership costs money, land can no longer be used for blind speculation. As a result, the property bubble should start to deflate. This is highly needed, because the young are now unable to buy houses because of the ridiculous prices we're dealing with. Those of us who can buy houses are afraid to do so, because prices could crash fifty percent and we would become prisoners in our own homes. If you're 65 or older, a decline in prices might suck, but you don't have a strong need to relocate anymore. Because we're unable to buy houses, we're unable to start families.

Idea six

Most of the people in our prisons have double passports. A simple wise solution would be to give prisoners a choice: Renounce your citizenship of our country, in exchange for release from prison. Let Morocco, Turkey and other countries handle these people. When these people choose to move back to their country of origin, it creates an incentive for their families to move back too. What about those prisoners who have just a single passport? Offer them a reduced sentence, depending on where they're willing to sit out their sentence. As an example, you could cut a prison sentence by 25%, if the prisoner is willing to be imprisoned in French Guyana. By the time they are released, they might simply stay there.
Another option that is very important is euthanasia. Prisoners need to have the right to choose to end their lives. Some people consider the death penalty inhumane. I consider sticking someone in a concrete box for twenty years to be far more inhumane myself. Most have no real chance of building up a meaningful life after they're released. There are actually a large number of prisoners and former prisoners who insist that the death penalty is more humane than a prison sentence, because our society treats former prisoners as second class citizens.

Idea seven

Implement a big tax on the use of our air space. Any plane that passes through our air space will have to cough up large amounts of money. This is great, because air travel has to be disincentivized. Most importantly, it increases the expenses of people who own private jets, which are a complete waste of our society's scarce resources. Currently, Americans charge roughly 30 dollar per 100 kilometer to people passing over their land surface. This is negligible. Try multiplying that rate by ten and see how much people still travel by airplane.

Idea eight

The Netherlands has the highest petrol taxes in the world. This is fantastic. The whole world needs to follow our example. Why? Because oil eventually runs out, so it's better that we prepare for it by encouraging a transitioning away from cars, rather than being caught by surprise. "But China and India!" Joe Sixpack proclaims. I don't care. Let them do what they want to do. If they want to create a big fossil fuel dependent economy, let them go ahead. By the time we run out of fossil fuels, their economies will implode. I think we similarly need a big tax on anyone who has more than a single car registered on his name.

Idea nine

Implement a constitutional amendment, requiring elected heads of state to have children. Why? Most of our political elite doesn't have children. If you don't bother to provide your own contribution to the future of our society at an individual level, why should I expect you will manage to do it at a collective level? What if our head of state is gay? He needs to find himself a wife who doesn't shave her legs, use his imagination, lie back and think of England. People used to make sacrifices for their community.
What investment in the future does a childless leader have? He's a parasite, who ultimately expects other people's children to pay for his retirement. Donald Trump is forced to listen to his daughter, who understands that climate change will prove to be a real problem. If you raised children, your interests align more closely with the interests of the next generation, who are ultimately the people who are carrying the torch of civilization forward. If physiological problems prohibit you from having children, adopted children count too. The kind of person who doesn't want to raise children is the kind of person I don't trust ruling over a country.

Idea ten

Charles Galton Darwin was probably first to propose this, but it can't be said enough: We need to make foreign aid dependent upon a nation's population control efforts. Look at this map of abortion laws to understand what's going to cause us problems in the years ahead. Countries that legalize abortion should receive priority in all of our dealings with them.

Idea eleven

We need to bring this new cold war with Russia to an end. I know, they don't allow gay pride parades. Deal with it. If the people of the world are going to have a place to live, it's going to have to be Russia. Russia, Greenland, Canada, Alaska, these are the kind of places where humans will survive a century from now. We need to be planning ahead for that future, rather than fighting each other over petty cultural differences. Why have we been fueling a bloody civil war in Syria since 2011? It's the greatest waste of human potential in recent history.

Idea twelve

We can simultaneously improve our diet, reduce climate change, heal the ocean and give most of the world's land surface back to nature. It's explained here. China, Korea and Japan produce 88% of the world's seaweed right now. Why are we, in Europe, North America and Oceania not contributing? The solutions exist to our problems, but we're not applying them.
Throw subsidies at mushrooms, seaweed and shellfish. Eventually, you'll get the public to switch their diet and you can begin abandoning most of the world's surface.

Idea thirteen

Happy societies are societies with plenty of young people and few old people. Particularly, it's important to have more young women than mature men. When the population is growing, war is common and life expectancies are low, this is easy. The fact of the matter is, that it's simply not a lot of fun to be old. In addition, old people have to be cared for by young people. We could kill all the old people, but I don't think anyone's looking forward to that.
What I would suggest instead is that we work on getting rid of aging. "What, are you suggesting immortality?" No, I'm suggesting we've got our priorities wrong. Life expectancy at age 65 was 13 years for women in 1930, 21 years in 2010. So, the average retired woman will have eight extra years of life. This is fine, but why is so much money spent on keeping people alive longer? How about we shift our priorities towards keeping people young longer? It's possible to increase the number of eggs a woman has. Dehydroepiandrosterone is effectively used to gradually increase a woman's egg count over the months, until a woman who was infertile is fertile again. This was discovered, not in a state of the art laboratory. It was discovered by a woman who had difficulty conceiving and decided to start experimenting on herself.
What kind of quality of life do you have as an 80 year old? Not a lot. What kind of quality of life do you have as a youthful looking fertile woman? Quite a lot. I know that I'm eventually going to die, so dragging it out doesn't matter much to me. If you can increase the percentage of time that I spend youthful on the other hand, I'm all ears. The best method we have to accomplish this currently seems to be the use of senolytics, substances that kill senescent cells, which are cells that have grown old and prohibit younger cells from reproducing (kind of like the babyboomers). The senescent cells do this by creating speculative housing bubble- err secreting substances that cause inflammation. Senolytics are the equivalent of a suicide bomber who only targets golf courses and cruise ships.

Idea fourteen

Why do we have massive office complexes everywhere? Most people can do their work from home. We soon won't need all the roads we have today either, because we will have self-driving cars. Self-driving cars don't need vast distances between vehicles due to our mediocre human reflexes. In addition, they can more easily share multiple passengers. We won't need all this parking space we have now either. Because people will be able to work from home and order products from home, we will need far less travel too. It's thought we can reduce the number of cars needed from 245 million, to just 2.4 million, through self-driving cars. That's not a typo, it's a 99% reduction.
Technology renders humans obsolete, we say. I think we're not thinking this through clearly enough: Technology renders technology obsolete. If we can use Bitcoin as a store of value, demand for gold declines. If demand for gold declines, we don't need gold mines. We don't need televisions anymore, we're using our computers now for that. Most people don't need a desktop computer, they can do just about everything with a smartphone or a laptop. Paper production has peaked, most of it is now used for packaging. If our population peaks, we don't need to build new houses. Colleges? You can study from home.
The city is full of space we won't need in the future. Parking garages are a thing of the past, companies will rent an office for two hours a week to hold a meetup. What are we going to do with all of that space? We can use it to grow food. A Dutch company grows mushrooms of the non-magical variety in an old swimming pool. If we grow food locally, it won't need packaging.
So what happens next? Minimalism. If we're wise we will live like Sadhus. What else will we not need? Houses. If you can work from home and video-conference your colleagues if you don't want to show up to a meeting, or receive a basic income and don't really have a formal job, why would you want to own a house? You can simply rent a house for a night through AirBnB. You don't really need to own anything. A lawnmower? There's always someone in your street who has one and you can earn money online by renting yours out. Ideally, you wouldn't even have your own clothing. At any moment, 90+% of my clothing goes unused, just like most cars go unused.
What do you think this is? Fully automated communism. What causes it? The free market. It's American free market capitalism, run by right-wing libertarians like Peter Thiel, that destroyed the taxi companies and the hotels. Some of the Sili