Daily Archives: 17 May 2013

Strong men more likely to have right-wing views, study reveals

www.news.com.au/lifestyle/health-fitness/strong-men-more-likely-to-have-right-wing-views-study-reveals/story-fneuzle5-1226644975491

I believe the “Propertarian” view is that most leftist policies can be considered an attempt by women to control the strongest men, and by weaker men to dethrone them. Libertarianism is an aristocratic philosophy which allows for peaceful competition and voluntary exchange to determine who is most successful. The institution of property is a gentleman’s agreement to compete according to civilized rules: you don’t steal from me, and I won’t steal from you.

These rules happen to benefit everyone else too — every single layer of society, without exception — but many people would rather watch the world burn than allow such competition, because a free market might reveal the unbearable — that no one really values the eight years you spent crafting crappy prose about the extent of feminist views of some obscure historic figure.

Is this more-or-less it, Curt?

Bankster shortsale of 400 tons of (paper) gold drives down price

open quoteThe price of bullion is not set in the physical market where individuals take delivery of bullion purchases. It is set in the paper futures market where short selling can drive down the price even if the demand for physical possession is rising. The paper gold market is also the market in which people speculate and leverage their positions, place stop-loss orders, and are subject to margin calls.

When the enormous naked shorts hit the COMEX, stop-loss orders were triggered adding to the sales, and margin calls forced more sales.close quote (Read more)

WOW! Financial headline embedded in genesis block of Bitcoin’s blockchain

For Bitcoin newbies, imagine Bitcoin as a gigantic ledger. Every bitcoin wallet has a copy of this ledger. So if I was running a standard Bitcoin wallet on this computer — then this computer would have on it a copy of all Bitcoin transactions, ever. Yes, ALL of them.

Decentralization is important because there’s nothing for Bitcoin’s enemies to shut down.

When you make a bitcoin transaction, you can add a little text to it, like a memo on the check you write.

When the mysterious Satoshi Nakamoto, who invested Bitcoin, made the first entries in the ledger, he wrote that newspaper headline:

January 3, 2009, Times of London; “Chancellor on brink of second bailout for banks”.

I get chills thinking about this.